News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Thursday Afternoon 6-13-24
The Federation Of Iraqi Chambers Discusses With The American Embassy Efforts To Form A Joint Business Council
Thursday 13, June 2024 | Economical Number of readings: 381 Baghdad / NINA / The Union of Iraqi Chambers discussed, with the American Embassy in Baghdad, efforts to form a joint business council.
The Union of Iraqi Chambers said in a statement: “The President of the Union, Abdul Razzaq Al-Zuhairi, received the American Ambassador, Alina Romanowski, and the two parties discussed strengthening trade and economic relations, and the intention to form a joint business council.”
Al-Zuhairi said, according to the statement, “Our relationship is balanced with all countries that support Iraq’s approach to developing its economy, and we stand at the same distance from all countries for the good of Iraq.”
Iraq Economic News and Points To Ponder Thursday Afternoon 6-13-24
The Federation Of Iraqi Chambers Discusses With The American Embassy Efforts To Form A Joint Business Council
Thursday 13, June 2024 | Economical Number of readings: 381 Baghdad / NINA / The Union of Iraqi Chambers discussed, with the American Embassy in Baghdad, efforts to form a joint business council.
The Union of Iraqi Chambers said in a statement: “The President of the Union, Abdul Razzaq Al-Zuhairi, received the American Ambassador, Alina Romanowski, and the two parties discussed strengthening trade and economic relations, and the intention to form a joint business council.”
Al-Zuhairi said, according to the statement, “Our relationship is balanced with all countries that support Iraq’s approach to developing its economy, and we stand at the same distance from all countries for the good of Iraq.”
The two parties reviewed the volume of trade exchange between the two countries, and the ambition to increase it to a level befitting the size of the relationship between Iraq and America. They also discussed the prospects for cooperation and association with the Iraqi chambers of commerce, in order to expand the scope of economic work and develop the work of the chambers of commerce, in a way that strengthens the economic partnership and opens the door to cooperation. With the public and private sectors.
Meanwhile, Ambassador Romanowski stressed that all difficulties have been overcome regarding granting entry permits to investors and businessmen.
The two sides stressed the issue of mutual delegations in a way that meets the level of ambition, expressing their satisfaction in achieving the desire for joint cooperation at the level of commercial and economic work./ End https://ninanews.com/Website/News/Details?key=1132287
The Financial Supervision Authority Announces The Development Of A Systematic Plan To Complete The Final Accounts For The Remaining Years
Office of Financial Supervision Building Economy News – Baghdad The Federal Office of Financial Supervision announced, on Thursday, the development of a systematic plan with specific completion dates for the final accounts for the remaining previous years.
The Deputy Head of the Bureau, Qaiser Ghazi Zaghir, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “there are many problems in the state’s final account, including the financial statements submitted by the Ministry of Finance.”
Zaghir added, “The Ministry of Finance collects all the ministries’ final statements and later sends them to the Financial Supervision Bureau,” noting that “there are some obstacles in submitting the data, unifying them, and sending them to the Bureau.”
He pointed out that “relentless efforts were made in coordination between the Financial Supervision Bureau and the Ministry of Finance and under direct guidance by the Prime Minister, and more than one meeting was held between the Ministry, the Bureau and the relevant authorities, and a systematic and specific plan was developed with a specific completion date for the final accounts for the remaining years, as for the final accounts of the ministries individually.” It will continue to be approved for several years until 2023.”
He pointed out that "the last final account was approved in the 2014 budget, and the final account for the year 2015 was also sent to the Council of Ministers to be sent to the House of Representatives. The final account for 2016 was also completed, and the Bureau is now working on auditing the final account for the year 2017." 06/13/2024 - https://economy-news.net/content.php?id=44294
The Minister Of Immigration And The Head Of The Financial Supervision Bureau Discuss Combating Corruption And Preserving Public Money
Wednesday 12, June 2024 |Economical Number of readings: 111 Baghdad / NINA / The Minister of Immigration and Displacement, Evan Faiq Jabro, discussed with the head of the Federal Audit Bureau, Ammar Subhi Khalaf, Wednesday, topics related to combating corruption and preserving public money.
The ministry stated in a statement, “Jabro met with Khalaf at the Bureau’s headquarters in the capital, Baghdad, in the presence of Undersecretary Karim Al-Nouri and the Director General of the Branch Affairs Department, Ali Abbas Jahakir.”
She added, "The meeting discussed several topics related to the quarterly anti-corruption position form and the measures taken by the ministry to preserve public money."/End 8 https://ninanews.com/Website/News/Details?key=1132188
A Slight Decline In Dollar Prices In Local Markets
Economy | 06/13/2024 Baghdad - Mawazine News The exchange rates of the dollar against the dinar decreased today, Thursday, in local markets.
Dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where the exchange rate reached 147,000 dinars per 100 dollars, compared to yesterday, Wednesday, of 147,250 dinars per 100 dollars.
While selling prices in banking shops in local markets in Baghdad also recorded a decline, as the selling price reached 148,000 thousand dinars, while the purchasing price reached 146,000 thousand dinars for every 100 dollars.
As for Erbil, the dollar also recorded a decline in its exchange rates in banking shops, as the selling price reached 146,850 dinars per dollar, and the purchase price reached 146,750 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=249629
To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder On Adversity:
Opposition inflames the enthusiast, never converts him. -J. C. F. von Schiller
The thought that we are enduring the unendurable is one of the things that keeps us going. -Molly Haskell
If you do things well, do them better. Be daring, be first, be different, be just. -Anita Roddick
A certain amount of opposition is a great help to a man; it is what he wants and must have to be good for anything. Hardship and opposition are the native soil of manhood and self-reliance. -John Neal
Difficulties, opposition, criticism - these things are meant to be overcome, and there is a special joy in facing them and in coming out on top. It is only when there is nothing but praise that life loses its charm and I begin to wonder what I should do about it. -Vijaya Lakshmi Pandit
They sicken of calm, who know the storm. -Dorothy Parker
http://famousquotesandauthors.com/topics/adversity_quotes.html
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
‘Inescapable Debt Trap’: Fed Going ‘Right Back’ to 0% | Brien Lundin
David Lin: 6-13-2024
Brien Lundin, Editor of Gold Newsletter, discusses the "inescapable debt trap" that could devalue currencies, and the assets that will likely outperform in the coming years.
0:00 – Intro
1:09 - GPUs and data centers
4:40 - Nuclear power
6:20 - Uranium
11:20 - Copper
‘Inescapable Debt Trap’: Fed Going ‘Right Back’ to 0% | Brien Lundin
David Lin: 6-13-2024
Brien Lundin, Editor of Gold Newsletter, discusses the "inescapable debt trap" that could devalue currencies, and the assets that will likely outperform in the coming years.
0:00 – Intro
1:09 - GPUs and data centers
4:40 - Nuclear power
6:20 - Uranium
11:20 - Copper
16:37 - Mining stocks
21:48 - Unsustainable debt
28:48 - Fed monetary policy
34:17 - Investment implications
40:10 - Soft landing
42:43 - New Orleans Investment Conference
SILVER ALERT! When Silver Breaks Free it will BREAK THE BANKS!
(Bix Weir) 6-12-2024
170 Years of Silver price suppression will not End Quietly...it will end in a BIG BANG! Brace yourself for the next few months!
Saudi's MBS Shocks America; Dollar Dominance Could End As Riyadh Chooses Not To Renew U.S. Oil Deal
Times of India: 6-13-2024
Saudi Arabia has reportedly decided not to renew its 80-year petro-dollar deal with the U.S., marking a significant shift with potential implications for the oil market. The deal, which expired on June 9, had long been a cornerstone of U.S. global economic dominance. Watch details
France Panic: Economy Downgraded, Macron Desperate Ultimatum, Russia Sanctions Backfired
Sean Foo: 6-12-2024
In a shocking move, Macron just made a desperate gamble with his snap election demand. France is facing a big economic crisis with S&P downgrading its economy and the blowback effects of the sanctions on Russia.
At the same time, Macron is desperately trying to contain Le Pen's far-right party. Here's what you must know!
Timestamps & Chapters:
0:00 French Economy Downgraded
2:37 Macron's Desperate Gamble
5:45 France Sparks Economic Panic
7:48 Le Pen & Russia
10:48 French Shock Coming
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Economics, Gold and Silver, Goldilocks DINARRECAPS8 Economics, Gold and Silver, Goldilocks DINARRECAPS8
Goldilocks' Comments and Global Economic News Thursday Afternoon 6-13-24
Good Evening Dinar Recaps,
"Singapore Consults on Implementation of Global Minimum Tax" The Organisation for Economic Co-operation and Development has a 15% tax on multinational enterprises.
Singapore is the latest country to propose the implementation of this tax upon their companies. This is a market-based collaboration between Global economies designed to develop policy standards that promotesustainable economic growth.
This Capital requirement for the banking system on a global scale comes under pillar 2 banking procedures. Pillar 2 banking supports pillar 1 banking to cover the needs of capital requirements that are not covered in pillar 1. Pillar 3 deals with the open banking system allowing changes to be determined as needed. Below is an article if you would like to do further study on this announcement.
Goldilocks' Comments and Global Economic News Thursday Afternoon 6-13-24
Good Evening Dinar Recaps,
"Singapore Consults on Implementation of Global Minimum Tax"
The Organisation for Economic Co-operation and Development has a 15% tax on multinational enterprises.
Singapore is the latest country to propose the implementation of this tax upon their companies.
This is a market-based collaboration between Global economies designed to develop policy standards that promotesustainable economic growth.
This Capital requirement for the banking system on a global scale comes under pillar 2 banking procedures. Pillar 2 banking supports pillar 1 banking to cover the needs of capital requirements that are not covered in pillar 1. Pillar 3 deals with the open banking system allowing changes to be determined as needed. Below is an article if you would like to do further study on this announcement.
Its purpose is to level the playing field between economies and their opportunities for growth. A unified approach will give countries' currencies the ability to compete with demands for their money based on their own merits and ability to operate a business through the new Basel 3 requirements. Orbitax StateGov Acodez
© Goldilocks
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HSBC Announcement |Finance Feeds "HSBC China has become one of the first foreign banks in the country to provide digital yuan services to both corporate and retail customers."
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Fortune 500 Announcement |DailyHodl
Currently, over half of the Fortune 500 companies listed on the market are currently in process of interfacing their goods and services on the blockchain.
This means that they have currently begun the process of moving into the new QFS and operating their tokenized asset opportunities through the new digital asset-based trading system.
© Goldilocks
~~~~~~~~~
Zimbabwe is taking an exciting step into the future by launching a public consultation toget opinions on regulating cryptocurrencyoperations in the country, Bloomberg reports. This is a big change for a nation that has historically struggled with currency issues.
By asking for feedback from the public and talking to industry experts, Zimbabwe aims to balance encouraging innovation in the growing crypto sector with making sure it’s done responsibly and in line with international standards. Bitcoinist
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Quant ISO 20022 Token utilized on the Shanghai Exchange Announcement:
"Chinese regulators' prompt supervision of quantitative trading will help narrow the gap between programs and individual investors in terms of technology, access to information and speed, thereby boosting the confidence of A-share investors and sustaining the stability of the market in the long run, according to market mavens.
The mainland's three major stock exchanges in Shanghai, Shenzhen and Beijing released on Friday rules on quant trading, or program trading, and solicited public feedback till June 14.
The rules cover six major areas — the management over reporting, trading activities, information systems, high-frequency trading, quant trading via the stock connect program linking the Shanghai, Shenzhen and Hong Kong bourses, as well as supervision."
Quant is a ISO 20022 Network. Quant is a network that connects existing distributed ledger networks such as the Shanghai Exchange to the new digital asset based trading system.
Through the adoption of this ISO 20022 Standard, Quant brings compatibility with traditional financial systems and streamlines secure exchanges of data across several networks simultaneously such as the Shanghai Exchange. ChinaDaily CoinCheckup
© Goldilocks
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Bank of Thailand opens DLT programmable payment testing in sandbox -Ledger Insights - blockchain for enterprise
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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- 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: Wow- Thursday Already,….Good morning everyone.
Member: Are they ever gonna pull this trigger.. I feel like it’s groundhogs day every stinking WEEK!
Member: Charlie Ward always thought it would happen on a Thursday……hope this is the one
Member: Eid Al Adha starts tomorrow here in the Middle East and runs thru Tuesday. Work resumes on Wednseday
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- 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: Wow- Thursday Already,….Good morning everyone.
Member: Are they ever gonna pull this trigger.. I feel like it’s groundhogs day every stinking WEEK!
Member: Charlie Ward always thought it would happen on a Thursday……hope this is the one
Member: Eid Al Adha starts tomorrow here in the Middle East and runs thru Tuesday. Work resumes on Wednseday
Member: Hi Mark, what's the TimeLine on exchanging our currency's?
MZ: I am told we will have a bare minimum of 30 days….but most likely 90 days to exchange once the RV occurs.
MZ: If the rumors coming out of Iraq, Reno and other areas are correct and it’s this weekend…..{Thats the rumors that are gathering steam right now…..they are very prevalent.) Then anywhere from 30-90 days after that.
MZ: I plan on getting in …getting out …and getting on with life.
Member: I wonder if redemption folks on alert for weekend?
Member: Can’t wait to get this over with and move on with living and creating a better world!! This long wait has really sucked!
Member: Russian stock market stops dealing with U.S. or Euro $ Dollars
MZ: “Bank of Russia suspends trade in Hong Kong dollar” They halted trades in the Hong Kong dollar because it is directly pegged to the US dollar. They have also halted trade in the Euro and the dollar in response to the latest secondary round of sanctions. This will have a tremendous ripple effect around the world. This will effect oil purchases ect around the world. ……
MZ: How many currencies are pegged to the US dollar? Over 66 countries are pegged to the USD. Will this spread????????? This should affect trade with all those countries. The US has very short sighted politicians.
Member: Mark, I just saw that a large group of black swans is called a Bank, could the bank collapse be the black swan event?
Member: Forex live is showing the dinar at $4.21
MZ: We are seeing a lot of value changes on screens …we are seeing a lot of inconsistancies….which to me means a priming of the system
Member: Sure would be nice to exchange at least a couple notes, to give a little buffer in this crap economy.
Member: If bonds are moving…what about CMKX?
MZ: There is no update on CMKX….yet. They just continue to update values, fines and penalties twice a month is what I was told. I had 2 different trustees mention that….and to stay prepared. We are waiting for that “go”
MZ: When Peter Mayhew and Al Hodges tied the payout of CMKX to new asset/gold backed money…it both slowed us down…but guaranteed us to get paid instead of robbed.
MZ: Its quiet on the bond side. They are still waiting the release of their funds. Most of my contacts are being told now to expect it late in this week….going into the weekend. .
MZ: “El Hakim’s coalition is the first to oppose Malikis call for early elections “ Maliki is back to his shenanagans again…..But he failed at those shenanagans wanting to push Sudani to an early exit. IMO Maliki does not work for the good guys or the good of the people.
MZ: “Iraq’s development road is linked with China’s “Belt and Road “ initiative” This will be a major trade corridor in the region. This is a major boon for Iraq. China has made major inroads in Iraq. And Iraq reaches out to them now- not to the US.
MZ: “Iraq and Lebanon discuss major fiber optic project” Why is this important? It start in Iraq and goes throughout the entire region. This makes Iraq a regional player in stability infrastructure, communication ect…….This is a big deal .
MZ: “Three states start summer with sound money policies” This is from Schiff Gold. Early this year 4 states took steps toward sound money by lifting and reducing taxes on physical gold and silver. A few months later 3 other states have actually implemented sound money policies . By doing so they have improved citizen’s economic standing. States are starting to decouple themselves with a safety net from the Federal Reserve and the fiat dollar. This is big news.
MZ: “US-Saudi Arabia petro dollar pact ends- Joe Biden’s failures are bringing an end to the global dollar dominance. “ We have been talking about the death of the Petro dollar. This has started a chain of events…..how quickly they unfold is the question.
Member: I heard a rumor that Nesara/Gesara starts on July 4th????
Member: Did those that exchanged in Kuwait have to pay capital gains taxes?
Memerr: No they did now…is what I was told.
Member: IMO- Like most lottery winners this reset won’t fix anything
Member: it wont fix people doing stupid stuff ….but if you smart about it…. its the best thing that can happen
Member: A lot of people are going through things in our community here. It’s our job to keep everyone motivated and hopeful that this blessing is on the way.
PRAYER requests for Reno, NV please!! 193 acre fire that was 40% contained but grew in intensity overnight
Member: Never give up on what you really want to do. The person with big dreams is more powerful than one with all the facts.
Member: Everyone enjoy the rest of today……
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR 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 MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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.
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
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 Thurs. 13 June 2024
CompiledThurs. 13 June 2024 12:01 am ESTby Judy Byington
Judy Note: It’s amazing what the Main Stream Media refuses to report and doesn’t even seem to care. In fact, it’s a little scary how we’re all controlled by not being told what’s really going on and don’t even realize it:
Last Sun. 9 June 2024 Saudi Arabia ditched the US Dollar and did not renew a 50 year contract, plus three days later around 12 noon EST on Wed. 12 June in a shocking and devastating move, Russia’s Moscow Stock Exchange immediately suspended all trading in U.S. dollars and Euros, delivering a major blow to the U.S. currency – all of which was bound to begin a Global Financial Crash – but you’d never know it according to the news.
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 Thurs. 13 June 2024
CompiledThurs. 13 June 2024 12:01 am ESTby Judy Byington
Judy Note: It’s amazing what the Main Stream Media refuses to report and doesn’t even seem to care. In fact, it’s a little scary how we’re all controlled by not being told what’s really going on and don’t even realize it:
Last Sun. 9 June 2024 Saudi Arabia ditched the US Dollar and did not renew a 50 year contract, plus three days later around 12 noon EST on Wed. 12 June in a shocking and devastating move, Russia’s Moscow Stock Exchange immediately suspended all trading in U.S. dollars and Euros, delivering a major blow to the U.S. currency – all of which was bound to begin a Global Financial Crash – but you’d never know it according to the news.
Global Currency Reset: Rumors/Opinions
Wed. 12 June 2024 TNT Tony: “They want this done by Sat. 15 June 2024. Banks are expecting to work this weekend. Iraq has country wide celebration planned for Sun. 30 June.”
Wed. 12 June 2024 Wolverine: Good news from all serious and responsible sources.
This has already begun, the initial sound has been heard throughout the media context of REDEMPTION/REVALUATION AND GLOBAL FINANCIAL RESET.
It has been confirmed that the release of funds for currency swaps and historical asset swaps began after 12:00 a.m. on Tues. 11 June.
These released funds will become liquid once the 800 holder numbers and emails are released.
Exchange notifications begin on Wednesday, June 12.
It is a process that has just begun, everyone’s turn will come in due time, it will be a matter of days. We ask all beneficiaries to be very calm and patient, as they will be receiving notifications from their taxpayers. For the safety of everyone involved in the process, it is necessary to be very, very discreet. Your friend That loves you all Wolverine
~~~~~~~~~~
Tues. 11 June 2024 Wolverine:
God has sent me on this journey and now I cry, for I have the official news: It has been confirmed that the release of funds for currency exchanges and historical assets have already begun after 12 noon Tues. 11 June EST.
Funds will become liquid after the 800 is released to you on Wed. 12 June.
The last of this is a banking formality. Everything is done. The wait is over. What has been said so many times by so many that is going to happen has now happened!
C’s losses have already begun with the 27 Asian elderly and rogue families. It has started first with the Elders who are the trigger for all exchanges and redemptions.
Once the closing process begins for Zimbabwe dollar and the Iraqi Dinar, which are part of the first currencies to cross the International Monetary Fund, and which revalues the currencies, all currencies will continue to close until all IMF SDR currencies are revalued.
Congratulations you have made it. This is real. It has started.
I also received a message from the director of the CIC, which is the actual foundation for Mauricio. Right now, he is currently with the President of Colombia, handing out the documents and everything to the president so the funds can be released – I am not sure if it is televised or not, but it is happening right now! I just received a photo shoot!
I am beyond words right now! I am really, really, emotional.
What we need now is for the Tier4B notifications to start coming through, which will be tomorrow Wed. 12 June.
It is a privilege to have known these people (Marucio’s Team) who have changed my life. Especially my wife…. (sorry guys it has been hard, Wolverine is choked with emotion at this point). God bless you all, and hopefully, I pray to God, that that Opera will be released to you. Take care, have a beautiful day. Wolverine (transcribed by Carpathia)
~~~~~~~~~~
Global Financial Crisis:
The Head of Germany’s Stock Exchange says the country is becoming a “Developing Country” and called his own market “A junk Shop.”
Saudi Arabia has ditched the US Dollar and did not renew the 50-year petrodollar agreement with the United States. Instead, they will be selling oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan. This should be treated as a Black Swan Event, but you wouldn’t know it because the U.S. government is more focused on investigating tire tracks over a street intersection. Remember, the revolution will not be televised.
Russia Bans All US Dollar and Euro Trading on Moscow Exchange: Chinese Yuan Dominates Is the Dollar’s Dominance in Jeopardy After Russia’s Latest Action?https://ai3d.blog/russia-bans-all-us-dollar-and-euro-trading-on-moscow-exchange-chinese-yuan-dominates/
Read full post here: https://dinarchronicles.com/2024/06/13/restored-republic-via-a-gcr-update-as-of-june-13-2024/
************
From Recaps Archives:
For Dinar - What you will see on Forex or CBI WHEN IT RVs
$ RATE = What you will see on Forex or CBI
$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100
Iraq URGENT MESSAGE IQD Currency Information
Edu Matrix: 6-13-2024
People are losing faith because they have learned the numbers behind Iraq's revalue status. Here is what more than likely will happen.
EPIC DISASTER... The Economy Is Being DESTROYED From Within. FED IN FULL CONTROL.
Greg Mannarino: 6-12-2024
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News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Thursday AM 6-13-24
Iraqis Are Resorting To “Gold Bullion” Instead Of Money, And The Banking System Is Dying
Economy | Yesterday, 11:18 |Baghdad today - Baghdad Today, Wednesday (June 12, 2024), financial affairs expert Mustafa Hantoush revealed the reason why Iraqis are resorting to purchasing gold bullion in abundance during the current period.
Hantoush said in an interview with "Baghdad Today" that "recently, the demand for buying gold bullion has increased significantly by citizens, especially those with large sums of money.
They have begun to save that money through these bullion instead of depositing their money in banks." He stated that "the reason why citizens resort to buying gold bullion to save their money is as a result of the weakness of the banking system, lack of confidence in this system, and fear for their money due to American sanctions.
Iraq Economic News and Points To Ponder Thursday AM 6-13-24
Iraqis Are Resorting To “Gold Bullion” Instead Of Money, And The Banking System Is Dying
Economy | Yesterday, 11:18 |Baghdad today - Baghdad Today, Wednesday (June 12, 2024), financial affairs expert Mustafa Hantoush revealed the reason why Iraqis are resorting to purchasing gold bullion in abundance during the current period.
Hantoush said in an interview with "Baghdad Today" that "recently, the demand for buying gold bullion has increased significantly by citizens, especially those with large sums of money.
They have begun to save that money through these bullion instead of depositing their money in banks." He stated that "the reason why citizens resort to buying gold bullion to save their money is as a result of the weakness of the banking system, lack of confidence in this system, and fear for their money due to American sanctions.
This is why we see the majority of Iraqis turning towards gold bullion, especially in light of the
high prices of the yellow metal and the
stability of this price and
its lack of fluctuation like the dollar.".
From mid-December 2022 until now, the Iraqi dinar has continued to fall against the US dollar, until it reached the level of 1,610 dinars against one dollar at a time when the official price of the dollar is 1,300 dinars.
With the decline of the national currency and the rise in poverty and unemployment rates, Iraqi gold markets recorded a large demand from customers to buy the yellow metal amid warnings against buying counterfeit ones.
According to data from the specialized website “Bloomberg”,
Iraq bought 33.9 tons of gold in the year 2022, while the Turkish Consul General in Erbil Hakan Karaçay revealed that Iraq imported Turkish gold worth $1.5 billion during the year 2021.
Iraq's gold reserves witnessed a noticeable increase during the month of February 2024, as International Monetary Fund data showed that Iraq had increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.
This increase indicates Iraq's continued strategy to
diversify its foreign reserves and
enhance financial and monetary stability in the long term.
This step by Iraq comes at a time when the world is witnessing a rise in gold prices, as the price reached its highest level in its history last month above $2,400 per ounce.
Many simultaneous factors are strengthening the record levels of gold,
especially in light of the escalation of geopolitical tensions around the world, and
in light of the state of “uncertainty” surrounding the global economy, which supports the trend towards the precious metal as a traditional safe haven in the face of market fluctuations and dire scenarios that impose themselves on the market. the scene.
Iraq is among the countries that possess large amounts of gold reserves in the Arab region, as
it ranks fourth after the Kingdom of Saudi Arabia, Algeria, and Morocco.
Iraq Raises Its Gold Possessions To More Than 145 Tons
Economy Possession of gold 2024-06-Shafaq News/ The World Gold Council announced on Thursday that Iraq has increased its gold holdings to reach more than 145 tons of global gold reserves.
According to the latest table issued by the Council for the month of June, viewed by Shafaq News Agency, the volume of Iraq’s gold possessions reached 145.7 tons, compared to 142.6 tons during the month of May.
The Council explained that Iraq dropped in rank to reach 31st place globally out of 100 countries listed in the table with the largest gold reserves, and
this amount represents 9.8% of the rest of its other reserves.
The Council indicated that the United States of America has the largest possession of gold in the world with 8,133.5 thousand tons, followed by Germany with 3,352.9 thousand tons, then Italy with 2,451.8 thousand tons, while Suriname came at the bottom of the list with 1.2 thousand tons.
It is noteworthy that the World Gold Council is based in the United Kingdom, and includes members of the largest gold mining companies in the world, and has extensive experience and deep knowledge of the factors affecting the gold market.
https://shafaq.com/ar/اقتصـاد/العراق-يرفع-حيازته-من-الذهب-ل-كثر-من-145-طنا
An Economic Expert Rules Out The Possibility Of Establishing A Sovereign Fund In Iraq... And Enumerates The Reasons
Time: 06/12/2024 15:24:35 Read: 1,638 times {Economic: Al-Furat News} An economic expert ruled out the possibility of establishing a sovereign fund in Iraq.
Salah Nouri, the former director of the Financial Supervision Bureau, told Al-Furat News Agency, “Sovereign funds are established to achieve mostly strategic development goals.”
He stated that "most of the sources of financing for sovereign funds for countries that possess natural resources are from the surpluses of these sources (oil and gas) or foreign exchange surpluses." He pointed out that
"the management of sovereign funds is independent and highly experienced in successful investment and developing fund returns." Nouri continued,
“From the above, I think Iraq is not prepared, as there are no surpluses from natural resources (oil and gas) for these funds.
Rather, revenues from the sale of oil are depleted in the general budget in addition to resorting to borrowing (external and internal).
On the contrary, Iraq is likely facing a financial sustainability deficit.” Borrowing results and benefits.
https://alforatnews.iq/news/خبير-اقتصادي-يستبعد-إمكانية-انشاء-صندوق-سيادي-في-العراق-ويعدد-الأسباب
An Economic Expert "Indicates" A Record Increase In The Volume Of Electronic Payments (POS)
Economy | Yesterday, 17:55 |Baghdad today – Baghdad Today, Wednesday (June 12, 2024), economic expert Manar Al-Obaidi indicated a record increase in the volume of electronic payments (POS) for the month of April 2024.
Al-Obaidi said in an explanation on his Facebook platform, followed by “Baghdad Today”, that
“electronic payments with local cards have reached a record level, the first to be recorded in Iraq, with the value of payments reaching 1.5 trillion Iraqi dinars, an increase of 77% annually. Monthly rate of 10%. He added,
https://baghdadtoday.news/uploads/posts/2024-06/1718202977_2.jpg
"Thus, the value of electronic payments for the four months of the year amounted to 5 trillion Iraqi dinars, while the total electronic payments for the year 2023 were approximately 9.6 trillion Iraqi dinars, and the total electronic payments for the year 2022 were 8.2 trillion Iraqi dinars," pointing out that
"it is expected to exceed Electronic payments this year exceed 30 trillion Iraqi dinars.” Al-Obaidi stressed,
“This increase is due to the policies that were taken, especially in the field of government transactions, which imposed exclusively electronic payment, and the increase in societal culture.”
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
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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
100 Top Money Tips From Tony Robbins That Are Always Relevant
June 11, 2024 by Virginia Anderson Edited by Chris Cluff
Entrepreneur and investor Tony Robbins is known for dishing out straightforward and actionable financial advice. Here are some of his most notable tips to reach your saving, investing and budgeting goals.
Focus on Your Money Goals
Robbins strongly believes in using the law of attraction to get what you want in all areas of life — including your finances. He says you can attract success over time by manifesting a positive attitude and mastering your money goals.
Surround Yourself With Successful People
Do you know a few people who have achieved financial success? Maybe they own their own business or plan to retire early. Talk to them and find out how they realized their goals. They can inspire you to reach your own.
100 Top Money Tips From Tony Robbins That Are Always Relevant
June 11, 2024 by Virginia Anderson Edited by Chris Cluff
Entrepreneur and investor Tony Robbins is known for dishing out straightforward and actionable financial advice. Here are some of his most notable tips to reach your saving, investing and budgeting goals.
Focus on Your Money Goals
Robbins strongly believes in using the law of attraction to get what you want in all areas of life — including your finances. He says you can attract success over time by manifesting a positive attitude and mastering your money goals.
Surround Yourself With Successful People
Do you know a few people who have achieved financial success? Maybe they own their own business or plan to retire early. Talk to them and find out how they realized their goals. They can inspire you to reach your own.
Delay Rewards Until You Meet Your Goals
To truly realize financial success, you may need to make some sacrifices with the hope of better rewards in the future. Exercising willpower to forgo things you don’t need today is a skill you can develop. Use it to master your financial self-control.
Learn How To Read Basic Financial Statements
You don’t have to be an accountant or financial adviser to accumulate wealth. However, learning the basics of financial statements can help you if you decide to invest in stocks. You can use financial statements to evaluate a company’s performance and determine whether it meets your investment criteria.
Understand Common Financial Terminology
Many terms used in personal finance and investing may be unfamiliar to you. Examples include high-frequency trading, dollar-cost averaging and exchange-traded funds. Learn what they mean and how they apply to your investment strategy. Knowing the terms will allow you to understand investment news and decipher earnings reports.
6. Determine Your Risk Tolerance
Investment strategies typically fall into three categories: aggressive, moderate and conservative risk tolerance. Aggressive strategies are highly volatile, with lots of ups and downs. Conservative strategies aim for consistent, average returns. Your risk tolerance should align with your financial goals.
Set Financial Goals
Anyone who wants to achieve financial freedom needs a plan. Your financial goals form the basis of your plan. Determine what you want to achieve over the short and long term. Example goals include establishing a budget, paying off debt and creating an emergency fund.
Try SMART Goals
The SMART acronym stands for specific, measurable, achievable, relevant and time-bound. Robbins advises using SMART to set smaller milestones for your long-term goals. For instance, if you want to set up an emergency fund, you could set SMART monthly milestones to meet along the way.
Be Obsessed With Not Losing Money
Robbins notes that wealthy people hate losing money because it takes significant effort to rebuild wealth once it’s lost. Apply this rule to all your financial decisions, including your monthly budget, investments and savings goals.
Become a Learning Machine
In your quest to achieve financial success, focus on personal growth. Always be learning. Read personal finance books, listen to podcasts and read investment-related articles. As you feed your mind, you’ll open yourself up to new opportunities you didn’t know existed.
Don’t Underestimate the Power of Giving Back
To Read More: https://www.gobankingrates.com/money/financial-planning/top-money-tips-from-tony-robbins/
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: CandyKisses: Kurdistan Region announces the holiday of Eid
Shafaq News / The Kurdistan Regional Government announced, on Wednesday, the suspension of official working hours, in all governorates of the region, for a week, on the occasion of Eid al-Adha.
“Official working hours in the Kurdistan Region will be suspended from next Sunday, which marks the first day of Eid al-Adha, and until Sunday next week,” government spokesman Pishua Huramani said at a press conference, attended by Shafaq News.
TNT:
CandyKisses: Kurdistan Region announces the holiday of Eid
Shafaq News / The Kurdistan Regional Government announced, on Wednesday, the suspension of official working hours, in all governorates of the region, for a week, on the occasion of Eid al-Adha.
“Official working hours in the Kurdistan Region will be suspended from next Sunday, which marks the first day of Eid al-Adha, and until Sunday next week,” government spokesman Pishua Huramani said at a press conference, attended by Shafaq News.
Tishwash: The acting Iranian Foreign Minister arrives in Baghdad
Acting Iranian Foreign Minister Ali Bagheri arrived Thursday morning in the capital, Baghdad, at the head of a delegation on a two-day visit, to hold talks with senior Iraqi officials.
In light of the strategic relations between Iran and Iraq, the visit will focus on expanding relations between the two countries in all fields.
Bagheri's talks in Iraq will address the common interests between the two brotherly peoples, confronting security challenges and threats, as well as the security of the region, and consultation on regional and international issues.
The visit comes while the late Iranian President Ayatollah Ebrahim Raisi was scheduled to pay a three-day visit to Iraq on May 28. link
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Tishwash: Iraq raises its gold possessions to more than 145 tons
The World Gold Council announced on Thursday that Iraq has increased its gold holdings to reach more than 145 tons of global gold reserves.
According to the latest table issued by the Council for the month of June, viewed by Shafaq News Agency, the volume of Iraq’s gold possessions reached 145.7 tons, compared to 142.6 tons during the month of May.
The Council explained that Iraq dropped in rank to reach 31st place globally out of 100 countries listed in the table with the largest gold reserves, and this amount represents 9.8% of the rest of its other reserves.
The Council indicated that the United States of America has the largest possession of gold in the world with 8,133.5 thousand tons, followed by Germany with 3,352.9 thousand tons, then Italy with 2,451.8 thousand tons, while Suriname came at the bottom of the list with 1.2 thousand tons.
It is noteworthy that the World Gold Council is based in the United Kingdom, and includes members of the largest gold mining companies in the world, and has extensive experience and deep knowledge of the factors affecting the gold market. link
***********
Tishwash: Iraq seeks to attract foreign investment by amending its laws
The Iraqi Parliamentary Investment Committee aims to amend some investment laws during the next legislative term, with the aim of attracting foreign investments and capital.
According to committee member, Dhia al-Hindi, representatives of the World Bank Group working in investment and private projects were hosted to discuss some paragraphs of laws on investment, which are considered in opposition to sustainable development in Iraq, including the investment law and the company law.
Al-Hindi explained that representatives of the World Bank cited the experiences of the Kingdom of Saudi Arabia and the United Arab Emirates, where the foreign investor in those countries has the right to own and manage the company by 100%, while his share in Iraq is limited to only 49%.
Al-Hindi called for amending some paragraphs of the law to create an attractive environment for investors and capital, noting that amending laws is within the jurisdiction of Parliament, while the laws governing the economic process remain “socialist.”
Al-Hindi stressed that the committee is continuing to amend the commercial arbitration and investment laws, and approve the industrial investment and mineral investment law.
Al-Hindi stated that the committee will address the government regarding amending some paragraphs of the investment law to be subjected to study in the State Shura Council, and then sent to Parliament.
These efforts come within the framework of Iraq's efforts to strengthen its economy and attract foreign investments, especially in light of the economic crises it is experiencing.
It is expected that the amendments to the laws will contribute to improving the investment environment in Iraq and attract more foreign investments and capital, which will contribute to the development of the Iraqi economy and create new job opportunities link
Mot: .. Camping can be Sooo Boring! -- What's there to Do?? -- Ooooh!
Mot: .. Time to get out me ""To Do List""
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
IQD Update-Iraqi Dinar-2024 Budget Gazzette-Dollar Decline-WTO Working Group July 18th on Accession-
MilitiaMan and Crew: 6-13-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
IQD Update-Iraqi Dinar-2024 Budget Gazzette-Dollar Decline-WTO Working Group July 18th on Accession-
MilitiaMan and Crew: 6-13-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Read More
News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Wednesday Afternoon 6-12-24
The Dollar Continues To Rise In Local Markets
Economy | 10:27 - 12/06/2024 Baghdad - Mawazine News The exchange rates of the dollar against the dinar continued to rise today, Wednesday, on the main stock exchange in the capital, Baghdad.
The price of the dollar on the Al-Kifah and Al-Harithiya stock exchanges recorded 147,250 dinars for every 100 dollars.
While prices in banking shops in local markets in Baghdad also recorded an increase, as the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.
Iraq Economic News and Points To Ponder Wednesday Afternoon 6-12-24
The Dollar Continues To Rise In Local Markets
Economy | 10:27 - 12/06/2024 Baghdad - Mawazine News The exchange rates of the dollar against the dinar continued to rise today, Wednesday, on the main stock exchange in the capital, Baghdad.
The price of the dollar on the Al-Kifah and Al-Harithiya stock exchanges recorded 147,250 dinars for every 100 dollars.
While prices in banking shops in local markets in Baghdad also recorded an increase, as the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.
Global Oil Prices Record A New High
Economy | 09:14 - 06/12/2024 Oil prices rose on Wednesday, amid optimistic views on global demand from the US Energy Information Administration and OPEC, supported by industrial data that showed US crude oil inventories falling more than expected last week.
By 0400 GMT, Brent crude futures rose 37 cents, or 0.45 percent, to $82.29 per barrel, while US West Texas Intermediate crude futures rose 46 cents, or 0.6 percent, to $78.36.
The Energy Information Administration raised its forecast for global oil demand growth in 2024 to 1.10 million barrels per day from a previous estimate of 900,000 barrels per day, while the Organization of the Petroleum Exporting Countries (OPEC) maintained its 2024 forecast for relatively strong growth in global oil demand, citing With expectations. For travel and tourism in the second half.
Prices fell more than 2 percent last week after OPEC and its allies said they would phase out production cuts starting in October.
Meanwhile, US crude oil inventories fell by 2.428 million barrels in the week ending June 7, according to market sources citing American Petroleum Institute figures. The decline was larger than expected by analysts polled by Reuters.
The data from the Energy Information Administration, the statistical arm of the US government, is scheduled to be released at 10:30 a.m. EST (1430 GMT) on Wednesday.
Investors are also looking forward to the US CPI report, which will be released before the bell on Wednesday, and the US central bank's policy announcement, scheduled for later the same day. https://www.mawazin.net/Details.aspx?jimare=249564
Iraq Signs An Agreement With "IFC" To Develop The Stock Market
Money and business Economy News – Baghdad On Wednesday, the Securities Commission announced the signing of an agreement with the International Finance Corporation to develop the securities market, indicating that this agreement will bring investments and achieve sustainable development.
The head of the authority, Faisal Al-Haims, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the authority signed an agreement to develop the work of the Iraq Stock Exchange after discussions with the International Finance Corporation IFC,” indicating that “the agreement is advisory related to corporate governance and best practices.” Required by companies listed on the Iraq Stock Exchange.
He added, "This contract will be reflected on the Iraqi stock market at the international level, bringing investments and achieving sustainable development according to the plan of Prime Minister Muhammad Shiaa Al-Sudani."
He pointed out that "the project is the first cooperation between the Securities Commission and the International Finance Corporation," stressing that "there are other projects with them in the future."
For her part, Amira Ajaj, responsible for corporate governance and environmental and social standards programs in the Middle East region of the International Finance Corporation, affiliated with the World Bank, expressed her “pleasure with the signing of the agreement in a way that guarantees the authority the use of international expertise from the International Finance Corporation (IFC), affiliated with the World Bank.”
She continued, "The agreement will establish regulatory frameworks for practicing governance for environmental and social standards, which will reflect positively on the listed companies in terms of improved performance and sustainability, and will put Iraq on the path to further development and progress." Views 46 06/12/2024 - https://economy-news.net/content.php?id=44261
Iraq Confirms To The United Nations Fund The Success Of The Experimental Population Census Activities
Money and business Economy News – Baghdad Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, announced today, Wednesday, the success of the pilot census activities in Iraq, while the United Nations Population Fund confirmed its full readiness to provide all types of support to ensure the success of the general population census.
A statement from the Ministry of Planning, received by Al-Iqtisad News, stated that “Deputy Prime Minister - Minister of Planning Muhammad Ali Tamim received the Regional Director of the United Nations Population Fund, Laila Bakri, and her accompanying delegation, which included the Fund’s resident representative in Iraq, Nestor Ohanji, and a number of... Specialists and experts.”
He pointed out, "During the meeting, prospects for joint cooperation between the two sides were discussed, especially with regard to population issues, confronting climate change, and economic diversification."
The statement added, "The Minister reviewed the ongoing preparations and procedures to implement the general population and housing census, which is scheduled to be conducted next November."
The Minister of Planning confirmed, "The success of the pilot census activities, which will end tomorrow, Thursday," praising "the level of support provided by the United Nations Population Fund for the census activities."
For her part, Bakri expressed “the Fund’s readiness to provide all possible types of support to ensure the success of the population census, given the importance of this project in formulating policies and long-term development plans.” 06/12/2024 - https://economy-news.net/content.php?id=44255
Learn About The Central Bank's Sales Of The Dollar
Economy | 02:15 - 06/12/2024 Baghdad - Mawazine News The Central Bank’s sales amounted to more than 280 million dollars today, Wednesday, during the currency auction.
In its auction today, the bank sold 280 million, 112 thousand, and 118 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 256 million, 202 thousand, and 188 dollars, an increase of 91% over cash sales of 23 million, 910 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249591
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
Read More
Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8
Robert Kiyosaki Believes ‘Crash Has Begun’ — His 6 Ways To Use It to Your Advantage
Chris Ozarowski Tue, June 11, 2024 GoBankingRates
Robert Kiyosaki, financial influencer best known for his “Rich Dad Poor Dad” franchise, recently posted on X that he believes a significant economic downturn, or “crash,” has started. Such periods, he said, are challenging but present unique opportunities to acquire wealth.
Kiyosaki outlined six strategies to leverage during a crash to increase your chances of getting rich. Here’s what he said and which parts of his advice you can integrate into your own financial strategy.
Wealthy people know the best money secrets. Learn how to copy them.
What’s a Financial Crash?
Robert Kiyosaki Believes ‘Crash Has Begun’ — His 6 Ways To Use It to Your Advantage
Chris Ozarowski Tue, June 11, 2024 GoBankingRates
Robert Kiyosaki, financial influencer best known for his “Rich Dad Poor Dad” franchise, recently posted on X that he believes a significant economic downturn, or “crash,” has started. Such periods, he said, are challenging but present unique opportunities to acquire wealth.
Kiyosaki outlined six strategies to leverage during a crash to increase your chances of getting rich. Here’s what he said and which parts of his advice you can integrate into your own financial strategy.
Wealthy people know the best money secrets. Learn how to copy them.
What’s a Financial Crash?
A financial crash is a rapid and significant decline in asset values across various markets, triggered by economic disturbances, policy shifts or unforeseen global events. Such downturns can lead to widespread economic hardship, affecting employment, savings and investment returns.
In recent years, the global economy has witnessed several significant market crashes. The 2008 financial crisis was triggered by the collapse of the housing market and high-risk mortgage-backed securities, leading to a loss of more than $2 trillion in the global economy. More recently, the 2020 downturn induced by the COVID-19 pandemic saw rapid declines in stock prices and a severe economic slowdown.
Kiyosaki’s 6 Rules for Navigating a Crash
1. Don’t Catch Falling Knives
Kiyosaki advised against impulsive buying during market dips. As stock prices tumble, it’s tempting to try buying a good company’s stock at a discount. Kiyosaki cautioned, “don’t catch falling knives,” which means to wait until asset prices stabilize and avoid purchases during a steep decline to prevent losses.
2. Study
Education is crucial in investment. Kiyosaki stressed the importance of learning from various sources, including YouTube, where he said advice can either be good or questionable. He suggested investors spend time finding credible sources and understanding different perspectives.
3. Networking
Kiyosaki encouraged building relationships with persons with similar financial aspirations and distancing oneself from those who do not take accountability for their financial decisions.
While networking with other people who share your interests may generally be beneficial, it can also lead to echo chambers where new ideas and necessary critiques of financial strategies are not discussed. This should be avoided.
To Read More: https://www.yahoo.com/finance/news/robert-kiyosaki-believes-crash-begun-120134289.html
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