Dinar Recaps Blog Page — Dinar Recaps (2024)

DINARRECAPS8 6/12/24 DINARRECAPS8 6/12/24

Iraq Economic News and Points To Ponder Wednesday AM 6-12-24

Expert: Dealing In The Dollar Remains And Speculation In Prices Is Temporary

Time: 06/11/2024 20:21:14 Read: 1,911 times {Economic: Al-Furat News} The economic expert, Bassem Jamil Antoine, considered the issue of price speculation “temporary,” while he believes that dealing in the dollar will remain in Iraq.

Antoine told {Al-Furat News} that:

“The dollar will not be cut off from the local markets because the rate of entry of the dollar into Iraq daily is no less than 3 million from the sale of oil.” He added, "Speculation in prices is temporary and short-lived because the government was able to maintain prices through the regularity of the food basket, and there is not much demand for the dollar.

The pumping continues, demands are met, and speculation operations have been controlled."

Antoine pointed out, "It is possible that there will be a slight increase during the Eid al-Adha period; unless the banks continue to take their share of it and pump it to the markets, we will be able to control it in general."

Today, Tuesday, selling prices in the field of banking in the local markets in Baghdad reached 148,750 Iraqi dinars for 100 dollars, while purchasing prices reached 146,750 dinars for 100 dollars.

https://alforatnews.iq/news/خبير-التعامل-بالدولار-باقي-والمضاربات-بالأسعار-وقتية

Unusual”... A Government Advisor Proposes The Idea Of Establishing A Sovereign Wealth Fund

Time: 06/11/2024 21:11:57 Read: 2,717 times {Economic: Al-Furat News} The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, proposed an “unusual” idea to establish a sovereign wealth fund.

Saleh said {to Al-Furat News} that:

“The SWF sovereign wealth funds, which Kuwait started with the Generations Fund since the 1950s, were followed by surplus countries exporting raw materials in general and oil in particular, on the basis of diversifying the investment of those financial surpluses in financial and real investment opportunities in major economies.”

Outside their countries through a fund called the Sovereign Wealth Fund (SWF) whose function is to manage the investment of surpluses in financial and real assets outside their countries, and

the reason is due to an issue called “weak absorption capacity.” He explained,

"That is, the weakness of the ability to transfer those surplus savings from revenues from exporting natural resources into investments within the state itself due to many internal structural factors

(because the surplus saving resources resulting from a surplus in the current accounts of its balance of payments exceed its available capabilities to spend or spend on internal development projects or investment."

Those revenues from exports are immediately invested in operations within the economy, noting that

those surpluses are capital assets that can be reinvested and generate value-added chains that multiply the national income of their countries many times over.

Saleh added, “Based on the above, sovereign funds have emerged in the world (which today are governed by standard operating rules called the Santiago Principles (which are principles established by the International Monetary Fund to evaluate and govern the work of these funds),” noting that

“Iraq (unfortunately) has exhausted Its balance of payments surpluses were consumed by wars and conflicts during the same period, 1980-2003, in which the world’s sovereign wealth funds increased, while during those arduous decades our country turned into a group of “deficit” countries and fell into the trap of foreign debt, specifically since the year 1980 and the escalation of the Iran-Iraq war.". He went on to say,

"So far, our country is not considered one of the countries of financial surplus, and the

reserves of the Central Bank of Iraq supporting the stability of the Iraqi dinar, which currently amount to more than 100 billion dollars, are invested in a very specific portifolio investment portfolio, which is a semi-sovereign wealth fund, and foreign reserves are assets."

Financial instruments are always semi-liquid and do not involve long-term investments, such as shares in factories or real estate, as other sovereign wealth funds do.

Rather, reserves are invested in short-term, low-interest financial instruments, such as US Treasury bonds and others with a high credit rating of Aaa, and they tend to be always semi-liquid and low-risk. Through safe investments, but usually with low or fixed returns. Saleh said,

“However, the foreign reserves of central banks are not considered among the sovereign wealth funds (such as the Norwegian, Saudi, Chinese, and other funds currently),” stressing,

“We should think from outside the box, as it is said, by establishing a sovereign wealth fund for Iraq.” Although our country is not classified as a group of surplus countries.”

Waad, Iraq “currently is the ninth country in terms of natural wealth and is among the world’s countries of more than 188 countries, and

the natural wealth of the race in the ground is estimated at approximately 16 trillion US dollars,” explaining,

“If we exclude oil and gas, it is possible to establish an effectiveness to manage a sovereign wealth fund.” As follows:

A- Establishing an Iraqi government holding company with global partnerships to help invest these natural resources.

B- The holding company undertakes to reinvest the returns from natural resources

(i.e., which are in the possession of the holding company) and

direct them to various internal investments,

directing their profits towards the accumulation of assets of a *sovereign wealth fund* and the

holding company undertakes reinvestment activities for the benefit of the internal sovereign wealth fund itself, i.e.

The fund's returns are in reinvestment in investment opportunities to diversify the national economy.

That is, through (managing an internal sovereign wealth fund for reinvestment, but within the economy itself). Saleh concluded by saying,

“This is the summary of my idea that I am defending in establishing an Iraqi sovereign wealth fund,

but within the national economy, and

it is responsible for reinvesting the proceeds of the fund itself in development projects, with two parts, a

part that remains for the benefit of the fund itself and a

part that goes for the benefit of the national economy within the development program.

Also, The method of managing investments through a joint public holding company affiliated with the internal sovereign fund itself is the mechanism used to invest the fund’s resources by diversifying some aspects of the national economy into agriculture, industry, services, and available economic opportunities.”

https://alforatnews.iq/news/غير-مألوفة-مستشار-حكومي-يطرح-فكرة-تأسيس-صندوق-للثروة-السيادية

The Center For Banking Studies Organizes An Educational Workshop On Anti-Money Laundering Procedures

June 11, 2024 The Center for Banking Studies at the Central Bank of Iraq organized an educational workshop on the Anti-Money Laundering and Terrorist Financing (GOAML) system for workers in exchange companies.

The center confirmed that the workshop aims to increase the awareness of officials and workers in the field of reporting suspected cases of money laundering in exchange and electronic payment companies.

The workshop focused on the other goal, which was to introduce the Financial Action Task Force (FATF) standards to the participants and urge them to apply them in their areas of work.

The workshop will last for three days, and

workers in category (A) exchange companies participate on its first day, while

workers in category (B) exchange companies participate on its second day, and the

third and final day witnesses the participation of workers in electronic payment companies.

Central Bank of Iraq information Office June 11, 2024 https://cbi.iq/news/view/2606

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Necessity is often the spur to genius. -Honore de Balzac

Necessity is the mother of "taking chances." -Mark Twain

Necessity makes even the timid brave. -Sallust

People wish to be settled; only as far as they are unsettled is there any hope for them. -Ralph Waldo Emerson

Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict. -William Ellery Channing

Adversity causes some men to break, others to break records. -William A. Ward

I think there is this about the great troubles - they teach us the art of cheerfulness; whereas the small ones cultivate the industry of discontent. -Mary Adams

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Advice, Personal Finance DINARRECAPS8 6/12/24 Advice, Personal Finance DINARRECAPS8 6/12/24

11 Overlooked Risks That Could Ruin Your Financial Stability

By Claire Conway Jun-12-2024

Financial pitfalls can throw a monkey wrench into even the most responsible person, which is why everyone should be aware of hidden threats that can derail your financial security. People reveal what unexpected life changes can turn your life upside down. Have you experienced any of these hidden financial threats?

1. All Homeowner-related Expenses

Where do I begin? Owning a home comes with endless potential repairs, from heat and water pumps to air conditioning, flooring, and roof repairs (and everything in between). Although owning a home is a significant life milestone, even the most frugal homeowner confesses that the expenses quickly pile up and easily turn a secure financial situation upside-down.

11 Overlooked Risks That Could Ruin Your Financial Stability

By Claire Conway Jun-12-2024

1. All Homeowner-related Expenses

2. Missing a Credit Card Payment

In school, you learn about world history, calculus, and home economics, but you aren’t taught one of the most important life lessons: Paying your credit card payments on time. One of the most severe financial penalties you can face is failing to make the minimum monthly payment on your debt, causing interest rates to spike and your credit score to plummet. For many Americans, missing a credit card payment is catastrophic.

3. Car Loans

If you’re ever applying for an auto loan, always focus on the out-the-door cost of the vehicle you want to buy. The dealership will always push you toward lowering your monthly payment, even if there are better ways to navigate the loan. The longer your loan is, the more you’ll pay in the long run for your vehicle. Don’t fall for the “lower monthly payment” trick because it will cost you far more money in the end.

4. Losing Your Job

Nobody plans on ever losing their job, but sometimes, the unexpected happens. Getting laid off greatly affects your income, but nobody ever plans for it. After all, we misguidedly believe it will never happen to us. But trust me, your life can change in the blink of an eye when your “steady income” is suddenly ripped away! Obviously, an emergency fund is handy in times of unemployment, but that’s another aspect of financial wellness that many people underestimate.

5. Your Spouse’s Pension Ending

Unfortunately for married people, when one person passes away, their financial benefits cease to exist as well. One woman specializing in finding work for older Americans knows how hard it can be. “I’ve seen firsthand too often when the husband dies, the pension stopped,” one woman attests. “It sucked helping older women find jobs, especially when they had no experience in any job. We had to provide training in soft skills, too, like showing up at an exact time.”

Chats and Rumors, Economics Dinar Recaps 20 6/12/24 Chats and Rumors, Economics Dinar Recaps 20 6/12/24

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 12 June 2024

CompiledWed. 12 June 2024 12:01 am ESTby Judy Byington,

Global Currency Reset: Rumors/Opinions

Tues. 11 June 2024 Wolverine: “It’s official. Brazil has already started. On Wed. 12 June Reno should be releasing the funds. On Thurs. 13 June the Pentecostal Group will shut down.”

Mon. 10 June 2024 MarkZ: “Many of my Bond people are expecting payment Tues or Wed. 11,12 June. Most sources say we will go within three days of when the Bonds go.”

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 12 June 2024

CompiledWed. 12 June 2024 12:01 am ESTby Judy Byington,

Global Currency Reset: Rumors/Opinions

Tues. 11 June 2024 Wolverine: “It’s official. Brazil has already started. On Wed. 12 June Reno should be releasing the funds. On Thurs. 13 June the Pentecostal Group will shut down.”

Mon. 10 June 2024 MarkZ: “Many of my Bond people are expecting payment Tues or Wed. 11,12 June. Most sources say we will go within three days of when the Bonds go.”

Sun. 9 June 2024 Anon: “We learned from our call this afternoon that the PM of Iraq has announced that Iraq has revalued their currency and the rate is over $4.00. We expect to be at the bank by Mon. or Tues. – which may be too early because we have to wait 10 days after they announced the HCL (on June 3) according to today’s info. (which would take it to Thurs. 13 June).”

Tues. 11 June 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#, 667-770-1865

Two sources expect notification tomorrow Wed. 12 June 2024

A connection to the Bond Holders says they should receive their emails tomorrow Wed. 12 June 2024.

~~~~~~~~~~~~~

Wolverine on Mon. 10 June 2024:

According to the intel I am receiving it looks like we are really definitely close.

I have spoken to the director of Mauricio’s platform. They are ecstatic and will have a special announcement soon. His platform is purely humanitarian, Nesara/Gesara.

Last night the intel that came in said: Yesterday I confirmed Paymaster number one to our USA holders. Mon. 10 June he delivers the release codes and keys.

We are very close guys, and what we are hearing that is might be happening actually midweek, probably Wed. or Thurs. 12, 13 June.

Mauricio group has a meeting with someone very important, and they said it is actually going to happen this week. They are not going to mention a date, but it is that close now.

The Pentecostal Group sent a confirmed announcement saying that all platforms will be closed – they will not be selling anymore of the Yellow Dragons. They will close up operations and they are getting ready now.

But we have received notifications for private groups, and these people are more than likely customers of these banks. There was a lot of Intel coming through for notifications.

I heard some people got paid. I cannot confirm that. I received an audio from Brazil that one contact got paid, got it in Spanish. I would need someone to translate it other than me. For if I translate it, people would say I was inventing stuff, so it is better than someone from the audience that speaks Spanish translates it. It is about a minute audio saying that they got paid 1% and they expect the rest during this month to get paid.

Read full post here: https://dinarchronicles.com/2024/06/12/restored-republic-via-a-gcr-update-as-of-june-12-2024/

*************

Courtesy of Dinar Guru: https://www.dinarguru.com/

Frank26 Article: "Al-Sudani: Iraq's interest in developing gas projects will provide job opportunities and give the economy added value"
I HAVE ALWAYS SAID THE MOMENT YOU SEE THE HCL, SECONDS LATER YOU WILL SEE THE NEW EXCHANGE RATE!

Walkingstick [Iraqi Bank friend Aki update] In the coming days means at any moment now...the articles are going to be showing pictures of the lower notes. It's also going to give descriptions in the articles of the lower notes...

Militia Man When you drop three zeros it creates value. It's that simple. And when you add a real effective exchange rate to that value that's created from dropping the three zeros, that's when the fireworks begin.

Iraq Seeks $2.5 Billion Missile System NEW EXCHANGE RATES

Edu Matrix: 6-12-2024

Iraq Seeks $2.5 billion Missile System from South Korea - Right now, Iraq has NO air missile system to protect itself or its citizens. Exchange Rates for IQD VND HTG ZiG

https://www.youtube.com/watch?v=OFkGd0wA6JY

BRICS Officially END The Petrodollar: What next?

Fastepo: 6-11-2024

- On June 9th, 2024, Saudi Arabia announced it would not renew the Petro Dollar agreement. This decision reflects a broader trend of de-dollarization, where countries are increasingly seeking to reduce their dependence on the US Dollar for international trade.

This shift is part of Saudi Arabia's strategic move to diversify its economic partnerships and align more closely with emerging economic powers like China and the BRICS nations. In this video, we discuss this breaking news and how it could impact the US economy and dollar valuation.

https://www.youtube.com/watch?v=EKT8Gw29uFM

Frank26, KTFA Dinar Recaps 20 6/12/24 Frank26, KTFA Dinar Recaps 20 6/12/24

KTFA

Tuesday Night Conference Call

FRANK26….6-11-24……INVESTMENT LAW!!!

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163 PIN: 156996#

KTFA

Tuesday Night Conference Call

FRANK26….6-11-24……INVESTMENT LAW!!!

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163 PIN: 156996#

https://www.youtube.com/watch?v=Zg35Feiruhk

News DINARRECAPS8 6/12/24 News DINARRECAPS8 6/12/24

Iraq Economic News and Points To Ponder Tuesday Evening 6-11-24

Expert: Dealing In The Dollar Remains And Speculation In Prices Is Temporary

Time: 06/11/2024 Read: 637 times {Economic: Al-Furat News} The economic expert, Bassem Jamil Antoine, considered the issue of price speculation “temporary,” while he believes that dealing in the dollar will remain in Iraq.

Antoine told {Al-Furat News} that: “The dollar will not be cut off from the local markets because the rate of entry of the dollar into Iraq daily is no less than 3 million from the sale of oil.”

He added, "Speculation in prices is temporary and short-lived because the government was able to maintain prices through the regularity of the food basket, and there is not much demand for the dollar. The pumping continues, demands are met, and speculation operations have been controlled."

Iraq Economic News and Points To Ponder Tuesday Evening 6-11-24

Expert: Dealing In The Dollar Remains And Speculation In Prices Is Temporary

Antoine told {Al-Furat News} that: “The dollar will not be cut off from the local markets because the rate of entry of the dollar into Iraq daily is no less than 3 million from the sale of oil.”

Today, Tuesday, selling prices in the field of banking in the local markets in Baghdad reached 148,750 Iraqi dinars for 100 dollars, while purchasing prices reached 146,750 dinars for 100 dollars. LINK

Oil Prices Rise Thanks To Hopes Of Increased Demand For Fuel

Energy Economy News Baghdad Oil prices rose at the beginning of trading on Tuesday, continuing their gains for a second day thanks to hopes of rising seasonal demand for fuel and potential US purchases to increase the strategic petroleum reserve, despite the rise in the dollar that limited the gains.

By 0038 GMT, Brent crude futures rose 28 cents, or 0.3 percent, to $81.91 per barrel, and US West Texas Intermediate crude futures increased 31 cents, or 0.4 percent, to $78.05.

Crude prices rose about three percent, on Monday, to their highest level in a week, supported by expectations of increased demand for fuel in the summer, despite the rise in the dollar and expectations that the Federal Reserve (the US central bank) will keep interest rates high for a longer period. Views 71 06/11/2024 - https://economy-news.net/content.php?id=44205

A New Boom For (The Green Leaf)... Find Out The Exchange Rate In Baghdad And Erbil

Economy | 10:21 - 11/06/2024 Baghdad - Mawazine News The dollar exchange rates rose today, Tuesday, in the markets of Baghdad and Erbil.

Dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,150 dinars for every 100 dollars, while yesterday, Monday, prices recorded 146,750 dinars for every 100 dollars.

Selling prices also increased in banking shops in local markets in Baghdad, where the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.

As for Erbil; The dollar also recorded an increase in banking shops, the selling price was 146,900 dinars compared to 100 dollars, and the purchase price was 146,800 dinars compared to 100 dollars.https://www.mawazin.net/Details.aspx?jimare=249507

To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/

Provoking Thoughts and Points To Ponder On Adversity:

Every failure made me more confident. Because I wanted even more to achieve things, as revenge. To show that I could. -Roman Polanski

Adversity is, to me at least, a tonic and a bracer. -Sir Walter Scott

Difficulties should act as a tonic. They should spur us to greater exertion. -B. C. Forbes

There are times in everyone's life when something constructive is born out of adversity ... when things seem so bad that you've got to grab your fate by the shoulders and shake it. -Anonymous

Brave men rejoice in adversity, just as brave soldiers triumph in war. -Marcus Annaeus Seneca

Some minds seem almost to create themselves, springing up under every disadvantage and working their solitary but irresistible way through a thousand obstacles. -Washington Irving

Every calamity is a spur and valuable hint. -Ralph Waldo Emerson

Treasure the memories of past misfortunes; they constitute our bank of fortitude. -Eric Hoffer

If you will call your troubles experiences, and remember that every experience develops some latent force within you, you will grow vigorous and happy, however adverse your circ*mstances may seem to be. -John Heywood

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Chats and Rumors, Economics Dinar Recaps 20 6/11/24 Chats and Rumors, Economics Dinar Recaps 20 6/11/24

MikeCristo8: Why the Fiat Dollar Could Suddenly Begin Collapsing

June 10, 2024

MikeCristo8: If you want to understand why the fiat Dollar could begin to suddenly collapse starting tomorrow is…

Turkey (and the rest of the world, poor countries) will be offered a better exchange rate to replace their dollarreserves with China’s RMB digital gold token in the oil trade.

Luke Gromenrecently posted a tweet that Goldwould replace the U.S. Treasury bond in oil trade settlement.

It’s strictly business for the reason why the dollar may suddenly collapse.

BRICS News @BRICSinfo

JUST IN:Turkey’s foreign minister to travel to Russia on Monday for a meeting with BRICS representatives.

MikeCristo8: Why the Fiat Dollar Could Suddenly Begin Collapsing

June 10, 2024

MikeCristo8: If you want to understand why the fiat Dollar could begin to suddenly collapse starting tomorrow is…

Turkey (and the rest of the world, poor countries) will be offered a better exchange rate to replace their dollarreserves with China’s RMB digital gold token in the oil trade.

Luke Gromenrecently posted a tweet that Goldwould replace the U.S. Treasury bond in oil trade settlement.

It’s strictly business for the reason why the dollar may suddenly collapse.

BRICS News @BRICSinfo

JUST IN:Turkey’s foreign minister to travel to Russia on Monday for a meeting with BRICS representatives.

https://dinarchronicles.com/2024/06/10/mikecristo8-why-the-fiat-dollar-could-suddenly-begin-collapsing/

Courtesy of Dinar Guru: https://www.dinarguru.com/

Mnt Goat ...the IMF is not going “lop” the Iraqi dinar. A “lop” is a tool the IMF uses to restart a currency from massive inflation. ...We also have articles for Iraq telling us they WILL NOT lop the dinar. They do not have massive inflation and so this tool of a lop is not necessary. That is why they call it the “project to delete the zeros” and not a ”lop”.

Clare IN 2023 THERE WAS AN APPEAL ON THE ACTUAL BUDGET... BUT WAS RULED OUT THROUGH THE COURTS. THE TRIPARTE BUDGET WAS LEGALLY PASSED, SENT TO THE PRES. WHO SIGNED IT AND WAS PUBLISHED IN THE GAZETTE. Today's Article Quote: "I do not think there will be an appeal, and even if there is an appeal, the budget will be spent, because it was voted on and its issue was decided legally." THERE IS NO APPEAL ON THE BUDGET SCHEDULES THAT WERE JUST PASSED BY PARLIAMENT AND IT WAS NOT NECESSARY TO BE SIGNED BY PRES. BECAUSE THE BUDGET WAS ALREADY PASSED...THE MOJ HAS IT NOW AND WILL PUBLISH WHEN READY.

************

TNT:

CandyKisses: After OPEC’s decision to reduce cuts… Iraq increases its production by 40 thousand barrels per day

Economy News _ Baghdad

Iraq increased its production by 40,000 barrels per day during the month of May, after OPEC’s decision to reduce cuts, according to a survey conducted by S&P Global Commodity Insights on June 10.

The nine OPEC members subject to quotas boosted crude oil production by 100,000 bpd in May, led by Nigeria and Iraq, pushing the group 320,000 bpd above their collective targets, while the bloc's allies led by Russia cut production.

Iraq increased its production by 40,000 barrels per day to reach 4.28 million barrels per day, which is 280,000 barrels per day more than its current target, despite its agreement in May to compensate for the surplus production. The Platts survey estimates current oil production in the Kurdistan Region of Iraq at 210,000 barrels per day.

Iraq's production reached 4.28 million barrels per day, up from the previous month, which reached 4.24 million barrels per day.

LIVE! The Fed's NEXT MOVE Is Going To Be EPIC! "Inflate BY ANY MEANS POSSIBLE."

Greg Mannarino: 6-10-2024

https://www.youtube.com/watch?v=-5i7zGgUhDg

IMPORTANT: US Banking Crisis Will Start Soon As 50%+ Commercial Property Fire Sale Begins

Lena Petrova: 6-11-2024

https://www.youtube.com/watch?v=gGdHM1bSIb0

Chats and Rumors, MarkZ Dinar Recaps 20 6/11/24 Chats and Rumors, MarkZ Dinar Recaps 20 6/11/24

Tuesday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good Tuesday Evening to all my fellow RV’ers!!

Member: Mark, do you think we will see the RV by the 15th?

MZ: With what I am hearing…I think the 15th is very doable. …very possible…But no one knows the exact timing

Member: Rumors are just flying around Dinarland

Tuesday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good Tuesday Evening to all my fellow RV’ers!!

Member: Mark, do you think we will see the RV by the 15th?

MZ: With what I am hearing…I think the 15th is very doable. …very possible…But no one knows the exact timing

Member: Rumors are just flying around Dinarland

MZ: The chatter out of Reno and around the world has certainly lit up. There is a lot saying that it has started….a whole heck of a lot. The rumors are flying from Reno…from Brazil,….from Asia….. but not much coming out of Europe but maybe that’s because of the time of day.

MZ: Rumors are going around that they have aggregated and are finishing up and that the first currency person got paid today. I heard that from somebody who knows the person personally that they got paid…..I do not know this person personally so I cannot verify it 100%...but, I feel very confident about this person who said “yes, one of my real life friends just got paid today on currency”

MZ: If so, that would be huge. It may be the bank was stepping out a little ahead

MZ: I do have a number of bond contacts who got some preliminary test deposits. They are expecting their full payments this week. .

MZ: So for me…this is probably the most exciting thing I have seen. I have seen facilitators and humanitarian platforms get paid….but this is the first time that an individual I can track has received dollars…..Call them test deposits or whatever- but this is the first real movement I have seen I have seen to be warm and fuzzy about.

MZ: I am specifically getting out of Reno and one other area that they have aggregated their Zim today. . For me Zim has always been a bit of an outlier to me….and this has me very excited that they are aggregating their Zim for release in a few days. They were specifically told it would be in a few days and I heard this is coming from more than 1 source.

MZ: There seems to be a lot of things breaking loose today.

Member: Mike Bara said a bond holder is receiving test deposits, but not paid yet. Expects to be paid tomorrow. Fingers crossed

MZ: And I had not talked to Mike yet today.

MZ: Guys don’t make any stupid decisions based on these rumors…..you know how news can turn on a dime. Stay calm.

Member: Jentel says Wednesday or Thursday

MZ: Jen is eerily correct on a lot of things.

Member: This makes sense to me that these types of preparations would have to be made prior to Mr. C being visited as when he imputs the codes everything will take place like a landslide.

MZ: That does make sense. They need to make certain things work flawlessly . So for them to pay people “test” deposits and make certain all the bugs are worked out….it does make perfect sense.

Member: It would sure make a great Father’s day…to have the RV

Member: Wolverine recorded a very emotional message saying the blessing has arrived. Peter on QFS channel said elders have released payment

Member: Frank26 says draft budget will become law within 14 days from June 3 when parliament approved the budget.

Member: My bank called my job about our payroll being done by Thursday because they can’t do any business Fridays- Monday they will reopen Tuesday

MZ: Hmmm. Isnt that weird?

MZ: Trickle, trickle, flood. Slowly, slowly, SUDDENLY. We are getting to the suddenly portion of this thing. .

Member: At the redemption center, should we only bring a small amount of currency the first time to check the process, then go back a second time with the rest??

Member: Take it all……you may not get a second chance…imo

Member: I am giddy with the great news tonight….Thanks to all….and God bless us everyone!

Member: Sounds like time to make sure our phones are charged and bank clothes are pressed….fingers crossed this is it.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIALOR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

FOLLOW ZESTER “THE CRAZY CRYPTONAUT” ON MONDAY'S WEDNESDAY'S AND FRIDAY’S AT 5:00 PM EST! ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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Advice, Economics, Personal Finance, Simon Black DINARRECAPS8 6/11/24 Advice, Economics, Personal Finance, Simon Black DINARRECAPS8 6/11/24

Five Predictions For The Coming Decade Of Decline

Notes From the Field By James Hickman (Simon Black) June 11, 2024

There is a well-known modern proverb (often attributed to the novelist G. Michael Hopf) that goes, "Weak men create hard times, hard times create strong men, strong men create good times, good times create weak men."

The saying sums up the cyclical nature of the rise and fall of societies– and it’s a topic in which I have tremendous personal interest.

Having recently reached middle age, I can comfortably say with the benefit of hindsight that I was born and grew up during the American prime time– the time at which the wealthiest and most powerful country in the history of the world was at its peak.

Five Predictions For The Coming Decade Of Decline

Notes From the Field By James Hickman (Simon Black) June 11, 2024

The saying sums up the cyclical nature of the rise and fall of societies– and it’s a topic in which I have tremendous personal interest.

The US is still an incredible country with so much prosperity and opportunity. But it would be completely naive and ignorant to claim that America is not in substantial decline.

Its standing in the world has waned, much of it just over the past few years. It’s hard for adversary nations to take you seriously when your President shakes hands with thin air and embassy employees in Kabul have to be evacuated by helicopter.

Financial challenges keep piling up– from the insolvency of Social Security to the $35 trillion national debt to the inflation problem that just won’t go away.

And social divisions, many of which have been bizarrely self-inflicted, seem to grow more tense by the day.

Fortunately, America’s decline began from a historically high peak. So even in its diminished state, again, it is still wealthy and powerful.

But the real concern isn’t where the country is today. It’s the trend, i.e. where the country will end up in ten years’ time if it stays on current course.

I’ve spent the past fifteen years studying similar cases throughout history– the US is far from alone as the only nation that has ever peaked and declined.

And one of the best works on the subject I’ve ever read is The Collapse of Complex Societies, by anthropologist Joseph Tainter.

“Collapse” is a strong word and conjures images of anarchy and death. But Tainter’s definition is more precise; “collapse” doesn’t mean that a society or nation ceases to exist, but that it experiences a steep decline in political, social, and economic stability.

This is what (I believe it’s clear) the US is going through right now, and the trend is accelerating.

Tainter’s book examines the common factors of how different societies throughout history declined– from ancient Mesopotamia to Western Rome. And his analysis shows that one of the key culprits in collapse is the inability of a government to recognize problems… or to solve them.

Many ancient Roman emperors were legendary for failing to recognize the horrible problems brought on by their policies and incompetence– inflation, invasion, etc.

This pretty much describes the US federal government in a nutshell.

Politicians can barely talk about problems in a civil and rational manner. And quite often they refuse to even acknowledge them.

We’ve seen this over and over again with issues such as inflation, the southern border, crime, and social security.

For example, the Social Security trustees publish a report each year stating plainly that the program is going to run out of money by 2033. But no one in Washington wants to talk about it. Joe Biden has even pledged to veto ANY efforts to reform the program.

Biden’s top officials also repeat the bold-faced lie that “the border is secure”, while actively encouraging illegal immigration. The federal government even sued Texas to stop the state from securing the border on its own.

The people in charge demonize and defund police, decriminalize theft, and elect progressive prosecutors who let violent criminals go free.

It’s the same dysfunction with federal spending. These people can’t even acknowledge that a $35 trillion national debt is catastrophic. Most politicians happily ignore it, and others come up with more outrageous spending to further the debt spiral.

They cannot acknowledge the problem, let alone discuss it rationally. Merely passing a budget now routinely devolves into a crisis.

Our view of where this trend leads is clear:

1. Inflation is coming.

There is little hope of responsible spending. The government’s own projections forecast an extra $20 trillion in new debt over the coming decade, and frankly that’s optimistic.

History shows that explosions in national debt are financed by the Federal Reserve creating new money– which ultimately causes inflation.

When the Fed created $5 trillion of new money during the pandemic, we got 9% inflation. How much inflation will $20+ trillion cause?

And the worse inflation becomes, the more urgency the rest of the world will have to replace the dollar as the global reserve currency… which will result in even MORE inflation in the US.

It’s a vicious cycle in which inflation will create more inflation. We project this is 5-7 years away.

2. Social Security is not going to be there for you.

Social Security is not a political problem; it’s an arithmetic problem. And the math just doesn’t add up.

Every year the US Secretary of Treasury signs the report saying plainly that, by 2033, Social Security’s trust funds will run out of money. Benefits will have to be permanently cut by 25% and then become worse over time.

3. Higher taxes are virtually guaranteed.

Politicians love claiming that people should pay their “fair share” but can never quite define how much that means.

And they have already moved the goalposts on who exactly owes society more— the “billionaires” became the top 1%, then quickly shot up to the top 5%, then 10% and soon it will be the top 25%.

Higher taxes won’t just be federal. State and local taxes— from sales tax to property tax— are very likely to cost more, while your governments provide much less.

4. Continued social chaos.

Every time it feels like the lack of civility and unity across Western Civilization can’t get any worse, something new erupts.

The latest is university students screaming “from the river to the sea” and “Just Stop Oil” while defacing artwork and public monuments. Rising tides of socialism and racial animosity never seem to ebb, and idiotic wokeness just won’t go away.

These social divisions will likely continue to grow.

5. Maybe most importantly, major geopolitical disruptions.

As the financial and social decline of the US becomes increasingly obvious to the rest of the world, adversaries are becoming more emboldened.

Nations like China, Russia, North Korea, and Iran are likely to grow more assertive, and there will be significant calls to replace the dollar as the global reserve currency.

Soft war incidents like spy balloons, manufactured pandemics, cyberattacks, etc. will persist— and if we’re very lucky, there won’t be a shooting war. I give it 50/50.

It’s exasperating. Anybody over the age of about 35 remembers a time when it wasn’t like this.

Yet now chaos is the norm. I’m not saying this to be dramatic– it’s important to be intellectually honest.

Part of being intellectually honest means acknowledging that, again, the US is still a great country with an incredibly powerful economy, boasting some of the most valuable businesses in the world.

And Americans still enjoy an extremely high standard of living— albeit one that has been disrupted in recent years by the combination of inflation, crime, and social chaos.

The most exasperating part is that these problems are fixable.

The US government could spend responsibly, encourage capitalism and innovation to grow the economy, and its debt problems would melt away. The dollar would remain valuable. US leadership might even earn back global trust.

But with the current people in charge, I wouldn’t hold my breath. And I also wouldn’t put all my hopes and dreams on the voters smartening up anytime soon.

Yet there are still plenty of solutions that independent-minded individuals can execute without relying on the government.

For example:

Problem: Future inflation will pose a major problem to one’s savings.

Solution: Invest in assets which do well during, or even benefit from, inflation— real assets such as energy, mining, and productive technology. Right now many of these are selling for record low prices, yet poised for substantial growth.

Problem: An overrun border and rising crime rates threaten cities and living standards.

Solution: Obtain a second residency in a foreign country where you really enjoy spending time, or even obtain a second passport. This way you and your family will always have a place to go if the need ever arises.

Problem: Social Security’s trust funds will run out of money within a decade.

Solution: Maximize contributions to retirement accounts— including a special type of 401k which could allow you to double contributions and direct where funds are invested. This lowers your taxable income, puts more money away for retirement, and allows the investments to grow tax-free.

There are solutions for people who, unlike the government, are willing to recognize the problems and actually do something about it.

https://www.schiffsovereign.com/trends/five-predictions-for-the-coming-decade-of-decline-151037/

If you’re feeling a bit overwhelmed and unsure how to get started, I want to take a moment and introduce you to our newest product called Schiff Sovereign Premium.

To Read More: Click here to find out more.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 6/11/24 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 6/11/24

Goldilocks' Comments and Global Economic News Tuesday Evening 6-11-24

Good EveningDinar Recaps,

"Project mBridgecontinues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach."

This project has reached its minimum requirements that will allow it to work with early adopters on this Digital Ledger Technology enabling instant payments through cross-border International (CBDC) trades. This system will allow foreign currency exchanges through local currencies.

There are now over 26 observing members and Saudi Arabia has just recently joined as a full participant. This DLT will allow payments to be settled in local currencies of those who are early adopters of this new digital payment system.

Goldilocks' Comments and Global Economic News Tuesday Evening 6-11-24

Good EveningDinar Recaps,

"Project mBridgecontinues its development and has reached the minimum viable product (MVP) stage, while broadening its international reach."

"Project mBridge is the result of extensive collaboration “starting in 2021 between the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the United Arab Emirates, the Digital Currency Institute of the People’s Bank of China, and the Hong Kong Monetary Authority.”

In 2022, real value transactions took place on a pilot program and were successful. This project has been coordinated with the Bank of International Settlements, and it is expected to be available by mid-2024.

Since mbridge has reached its minimum viable product stage, it is now able to invite the International community to begin interfacing onto this section of the QFS.

As of June 2024, the observing members to Project mBridge include: Asian Infrastructure Investment Bank, Bangko Sentral ng Pilipinas; Bank Indonesia; Bank of France; Bank of Israel; Bank of Italy; Bank of Korea; Bank of Namibia; Central Bank of Bahrain; Central Bank of Chile; Central Bank of Egypt; Central Bank of Jordan; Central Bank of Malaysia; Central Bank of Nepal; Central Bank of Norway; Central Bank of the Republic of Türkiye; European Central Bank; International Monetary Fund; Magyar Nemzeti Bank; National Bank of Cambodia; National Bank of Georgia; National Bank of Kazakhstan; New York Innovation Centre, Federal Reserve Bank of New York; Reserve Bank of Australia; South African Reserve Bank; and World Bank. BIS Ledger Insights Product Plan

~~~~~~~~~

According to this report, supply and demand issues in trade are currently in an imbalanced state. The demand for goods and services has steadily grown since the Covid-19 pandemic, and first quarter numbers show a significant growth for the United States and for China. Yet, we are not out of the woods, and supply and demand need to be brought into equilibrium.

High demand is good for traders, and it looks good on the Markets. It is the supply side that is lacking at the present moment due to inflated prices on goods and services. In order to balance the economy and make it grow steadily and forward, there needs to be more attention on moving the products across the country. This will increase money flow and demands on our Stablecoins that in turn gives more purchasing power to our currencies.

Here is where monetary policies come into play. As we move into a tokenized asset and gold token regimen for payment, this will stimulate the process of deflating the economy. A shift in interest rate reduction or remaining steady will give our suppliers liquidity capable of catching up to the demands of companies across the United States and China.

We are at a wait-and-see approach on the FOMC meeting. The changes made at this meeting and the next one are critical to the transition of our economy and it's moving back into profitable status. Supply Chain Brain Investopedia

WATCH THE WATER.

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When will the next fed rate cut be? Look ahead to future FOMC meetings |Investopedia
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Mastercard Launches Open Banking Solutions in Partnership With Atomic to ‘Enhance User Experiences’ |The Fintech Times

Payments giant Mastercard has integrated Deposit Switch and Bill Pay Switch into its open banking platform, in a move that enables consumers to automatically switch their direct deposits and update their recurring bill payments, when opening a digital account or when updating information on an existing account.

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XRP COULD BECOME THE WORLD'S RESERVE CURRENCY - RIPPLE XRP NEWS |Youtube

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Iraq Seeks $2.5 Billion Missile System from South Korea #iqd #vnd #htg #ZiG Rates |Youtube

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Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements|Coin Trust

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Italian Banking Association trials two styles of wholesale CBDC -Ledger Insights - blockchain for enterprise

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Fidelity Intl tokenizes fund on JPM Tokenized Collateral Network -Ledger Insights - blockchain for enterprise

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Solar-Powered Planes Are Ready to Take Off (And Fly for Months at a Time) -WSJ

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Dinar Recaps Blog Page — Dinar Recaps (2)

Dinar Recaps Blog Page — Dinar Recaps (3)

BREAKING NEWS:

Apple unveils "tap to pay" between iPhones! 📲

Apple is interconnected with Ripple's Interledger Protocol! 🤝🏼

All the roads lead to one destination and the destination is called #XRP 💎

Crypto Barbie on Twitter

~~~~~~~~~

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News DINARRECAPS8 6/11/24 News DINARRECAPS8 6/11/24

Iraq News Highlights and Points To Ponder Tuesday Afternoon 6-11-24

Parliamentarian: The Basra-Aqaba Oil Pipeline Does Not Achieve Economic Feasibility For Iraq

Economy Information/Baghdad.. On Tuesday, the representative of Basra Governorate, Rafiq Al-Salhi, considered the agreement to extend the oil pipeline from Basra to the Jordanian port of Aqaba as a failed project that does not achieve any economic benefit for Iraq, and the only beneficiary from it is the Jordanian side.

Al-Salhi said in a statement to the Al-Ma’louma Agency, “The project to extend an oil pipeline from Basra to Aqaba is a failed project and will cost the country large sums of money because it has no economic benefit for Iraq and the only beneficiary is the Jordanian side.”

Iraq News Highlights and Points To Ponder Tuesday Afternoon 6-11-24

Parliamentarian: The Basra-Aqaba Oil Pipeline Does Not Achieve Economic Feasibility For Iraq

He added, "The shipping and pumping costs operations will drain large amounts of money and costs compared to exporting it from the ports of Basra, as the cost of exporting one barrel from the ports of Basra is estimated at 6 cents, while the cost of a barrel from the port of Aqaba exceeds four dollars. This is a waste of money, in addition to its security risks related to protecting... Pipeline from terrorism or international targeting.”

Al-Salhi pointed out that "the project faces widespread criticism from oil specialists, so we categorically refuse to initiate the project now or in the future."

It is noteworthy that the Basra-Aqaba oil pipeline project is a proposed project to transport crude oil from the Rumaila field, in southern Iraq, to Aqaba, in southern Jordan. Its length is 1,700 km. LINK

After Returning It For The Purpose Of Auditing...The Iraqi Facts Address Parliament To Send The Budget Schedules

Shafaq News/ Ministry of Justice spokesman, Ahmed Laibi, said on Tuesday that the Iraqi Facts Department addressed the House of Representatives with an official letter in order to send the schedules of the Federal Financial Budget Law for the year 2024 in order to publish them in the Official Gazette.

Laibi explained in a statement to Shafaq News Agency, that there are communications between the Facts Department and the House of Representatives to complete the procedures and publish the budget tables in the Iraqi Facts newspaper.

For his part, a parliamentary source told the agency that this measure comes after the Real Estate Department returned the budget law schedules to the House of Representatives for the purpose of scrutinizing some articles and paragraphs of the law, but the House was late in sending them again.

The source added that the Council must return the budget law schedules before the end of this week and the Eid al-Adha holiday to avoid further delays.

At the beginning of last May, the Iraqi Council of Representatives voted on the budget schedules for the current year, 2024.

The budget included securing scholarships for university and school students, and increasing employee allocations by 4 trillion to secure the salaries of employees, new appointees, and retirees, and implementing the terms of contracts, appointments, and those whose contracts were terminated.

It also included allocating an amount of one trillion and 250 billion dinars to secure the increase in retirees' salaries, and allocations for disbursing end-of-service rewards to civilian and military retirees.

As well as increasing social welfare allocations to include more than 650,000 new families, increasing the capital of the Real Estate Bank by 500 billion dinars to cover citizens’ lending requests for housing, and allocating an amount of 5 trillion dinars to secure farmers’ entitlements to purchase wheat and barley crops.

At the beginning of this June, a member of the Parliamentary Finance Committee, Jamal Cougar, revealed an important step towards approving Iraq’s budget for the current year.

Koçer told Shafaq News Agency at the time that the House of Representatives voted on the budget law schedules and sent them in an official letter to the Ministry of Justice for the purpose of publishing them in the Iraqi newspaper Al-Waqe’i.

He stated that the budget schedules do not need to be approved by the Presidency of the Republic, given that Parliament voted last year on the three-year budget law.

He added that after publishing the budget tables in the Official Gazette, the Ministry of Finance and the Ministry of Planning will disburse operational and investment expenses, allocations and financial dues to ministries, institutions, bodies and government agencies, in addition to disbursing the governorates’ dues as specified in the budget tables. LINK

Al-Muttalabi: The 2024 Budget Was Fair To The Ministries At The Expense Of The Provinces

Policy Information / Baghdad... The former member of the Baghdad Provincial Council, Saad Al-Muttalabi, confirmed on Tuesday that there was an imbalance in directing budgets towards ministries instead of directing them towards local governments as they are concerned with service projects in their areas.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Al-Muttalabi told Al-Maalouma Agency, “The ministries’ projects differ from the governorate’s projects, which is considered a local administrative unit that has its direct needs from the municipal directorates spread throughout the regions.”

He added, "Each municipality affiliated with the governorate has its own projects, needs, and plan, and they are presented to the advisory and engineering body in the governorate to be studied and drawn up. Its plan is sent to the Ministries of Planning and Finance, where the sent plan includes realistic solutions for the area in question, while the ministry does not look at such matters, but rather works." According to a federal strategic plan.

He stated, "It is a mistake for the budget to be directed to the ministries and the governorates and their projects and service plans are ignored. In addition, it is considered a constitutional flaw, as the projects must be primarily local, with the exception of security." LINK

After OPEC's Decision To Reduce Cuts... Iraq Increases Its Production By 40 Thousand Barrels Per Day

Energy Economy News _ Baghdad Iraq increased its production by 40,000 barrels per day during the month of May, after OPEC’s decision to reduce cuts, according to a survey conducted by S&P Global Commodity Insights on June 10.

Iraq's production reached 4.28 million barrels per day, up from the previous month, which reached 4.24 million barrels per day. Views 36 06/11/2024 - https://economy-news.net/content.php?id=44222

Provoking Thoughts and Points To Ponder On Adversity:

Every failure made me more confident. Because I wanted even more to achieve things, as revenge. To show that I could. -Roman Polanski

Adversity is, to me at least, a tonic and a bracer. -Sir Walter Scott

Difficulties should act as a tonic. They should spur us to greater exertion. -B. C. Forbes

There are times in everyone's life when something constructive is born out of adversity ... when things seem so bad that you've got to grab your fate by the shoulders and shake it. -Anonymous

Brave men rejoice in adversity, just as brave soldiers triumph in war. -Marcus Annaeus Seneca

http://famousquotesandauthors.com/topics/adversity_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Awake-In-3D, Economics Dinar Recaps 20 6/11/24 Awake-In-3D, Economics Dinar Recaps 20 6/11/24

Will Texas Exit the United States and Join BRICS?

On June 9, 2024 By Awake-In-3D

Could Texas and BRICS Create A Gold-Backed Financial Future Beyond the Fiat Currency System?

If Texas were to secede, an intriguing possibility is that it might only accept gold-backed dollars for cross-border trade, rejecting fiat currency – including the US Dollar – entirely.

This stance could align Texas with the BRICS Alliance, which is currently developing a new gold-backed common trade currency and sovereign financial system.

Will Texas Exit the United States and Join BRICS?

On June 9, 2024 By Awake-In-3D

Could Texas and BRICS Create A Gold-Backed Financial Future Beyond the Fiat Currency System?

If Texas were to secede, an intriguing possibility is that it might only accept gold-backed dollars for cross-border trade, rejecting fiat currency – including the US Dollar – entirely.

This stance could align Texas with the BRICS Alliance, which is currently developing a new gold-backed common trade currency and sovereign financial system.

Dinar Recaps Blog Page — Dinar Recaps (4)

Also Read: Texas Takes the Lead: A Gold-Backed Future for Sovereign Digital Currency

Joining the BRICS Alliance could bolster Texas’ economic independence and offer a robust alternative to traditional financial systems dominated by fiat currencies.

This potential alignment with BRICS nations would significantly impact global geopolitics and economics, positioning Texas as a key player in a shifting international monetary landscape.

In This Article

Texas GOP’s call for a secession vote and state sovereignty
Historical context of Texas’ independence movement
Key arguments and criticisms of the TEXIT movement
Economic and political implications of potential secession

The Texas Republican Party’s recent convention has reignited discussions about the state’s potential secession from the United States.

With the adoption of platform planks advocating for a secession referendum and stronger resistance to federal overreach, the question of Texas’ independence is gaining renewed attention.

Texas GOP Advocates for State Sovereignty

At the 2024 Republican Party of Texas Convention in San Antonio, the party adopted two significant platform planks.

The first asserts that the federal government has overstepped its bounds, infringing on powers reserved to the states. It calls for the Texas government to oppose, refuse, and nullify unwarranted federal laws, affirming Texas’ right to secede. The second plank directs the Texas Legislature to schedule a secession referendum for the next general election.

“This historic vote at the 2024 Republican Party of Texas Convention represents a substantial shift towards enhancing state sovereignty and exploring the potential for Texas to operate as an independent nation,” stated the Texas Nationalist Movement (TNM).

Historical Context of Texas’ Independence Movement

The location of the convention, San Antonio, holds historical significance as the site of the Alamo, a key chapter in Texas’ fight for independence from Mexico.

The 1836 Battle of the Alamo, though a setback, played a crucial role in Texas becoming a self-governing republic. From 1836 to 1845, Texas was an independent nation before joining the United States.

The first plank of the new platform cites Article 1, Section 1, of the Texas Constitution, claiming federal government actions have impaired Texas’ right to local self-government. It calls for a referendum on secession and the passing of the Texas Sovereignty Act.

Arguments and Criticisms of the TEXIT Movement

Supporters of the TEXIT movement argue that secession would protect Texas’ rights against federal overreach.

They believe that greater autonomy would allow Texas to better manage its resources and address its residents’ needs without federal interference. The Texas Nationalist Movement’s Nate Smith defended the platform at the convention, countering claims of treason and emphasizing the right to self-determination.

Critics, however, argue that secession is unconstitutional and impractical.

They point to the Pledge of Allegiance’s reference to “one nation…indivisible” as evidence against the legitimacy of secession.

Brian McGlinchey, in making a case against the pledge, argues that the concept of indivisibility contradicts the foundational human right to political divisibility, as demonstrated by the United States’ own secession from the British Empire.

Economic and Political Implications

Texas’ potential secession poses significant economic and political implications.

As the largest oil producer in the United States, Texas accounts for 42% of American production, with extensive agriculture, deep-water ports, and a burgeoning high-tech industry. These resources position Texas well for economic independence.

Also Read: Calls for Gold-backed Dollar on the Rise Across USA

The recent decision by BlackRock, Citadel Securities, and other investors to back the Texas Stock Exchange further underscores the state’s economic potential. Rising dissatisfaction with federal regulations and compliance costs has fueled this move, highlighting Texas’ attractiveness as an independent economic entity.

The Bottom Line

The Texas GOP’s call for a secession vote and increased state sovereignty marks a significant shift in the state’s political landscape.

While the TEXIT movement faces substantial legal and practical challenges, its growing support reflects a deepening desire for autonomy and local governance.

As Texans continue to explore the growing desire for sovereign independence, the question of whether it will actually secede from the United States remains open, with significant implications that could reshape the state’s future and its relationship within the global financial and geopolitical landscape.

Supporting article: https://www.zerohedge.com/political/new-texas-gop-platform-calls-secession-vote-resistance-federal-infringements

Full text of Texas HB 384 Texas Sovereignty Act: https://capitol.texas.gov/tlodocs/88R/billtext/pdf/HB00384I.pdf

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https://ai3d.blog/will-texas-exit-the-united-states-the-answer-may-surprise-you/