Seeds of Wisdom RV and Economics Updates Tuesday Evening 7-2-24

Good Evening Dinar Recaps,

WHAT EXACTLY IS A STABLECOIN

"Stablecoins are a type of cryptocurrency that seeks to maintain a stable value by pegging their market value to an external reference. This reference could be a fiat currency like the U.S. dollar, a commodity such as gold, or another financial instrument."

"Stablecoins play a crucial role in the cryptocurrency ecosystem due to their stability."

"They aim to provide the speed and security of a blockchain while eliminating the volatility that most cryptocurrencies endure. Initially used primarily to buy cryptocurrencies on trading platforms that did not offer fiat currency trading pairs, stablecoins have seen their adoption grow. They are now used in several blockchain-based financial services, such as lending platforms, and can even be used to pay for goods and services.

© Newshounds News™

Read more:  CoinBase

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DO YOU UNDERSTAND BLOCKCHAINS?

Blockchains are the critical infrastructure underlying cryptocurrencies. The common feature of these distributed ledgers is the sequential updating of a cryptographically secure, verifiable transaction record among a network of peers all operating under a certain set of rules enforced through the software itself. This record is owned and operated in common by anyone anywhere.

While research in shared ledger technology goes back decades, the arrival of the Bitcoin blockchain introduced the first distributed ledger technology that was thoroughly decentralized and resistant to censorship, seizure and collusion.

Blockchain technology, in its various manifestations including the Ethereum blockchain and others, is ultimately a global consensus system — i.e., it allows people to coordinate and cooperate around a neutral source of information without trusting each other or a central administrator. The use cases are wide-ranging, from finance and energy trading to supply chain management.

At Cointelegraph, we are chronicling the evolving blockchain industry. Is it revolutionary or overhyped? Or both? Will it become the solution to securing trust in finance and global trade? What will be the rate of blockchain transactions in the coming years?

Stay tuned to find out.

© Newshounds News™

SOURCE:  Coin Telegraph 

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Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator

Silvergate's executives were aware of 'critical deficiencies' in the bank's anti-money laundering protections, the SEC alleged.

Silvergate Bank's parent company settled charges with the Securities and Exchange Commission, Federal Reserve and California Department of Financial Protection and Innovation alleging it failed to maintain a proper anti-money laundering program and made misleading disclosures about the program's effectiveness.

The SEC also charged Silvergate's former executives. Former CEO Alan Lane and former COO Kathleen Fraher agreed to settlements, while former CFO Antonio Martino denied the charges.

Read more:  Coin Desk

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Coinbase files motion to reinforce judge's ruling on Binance case: Secondary market transactions not securities

The SEC is suing Coinbase for selling unregistered securities, but the definition of a security under US law is unclear as applied to crypto, according to Coinbase.

Coinbase uses Judge Jackson's ruling to argue for consistent securities law enforcement in crypto.

The motion calls for clarity in the application of the Howey test to crypto transactions.

Read more:  Crypto Briefing

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CFTC Announces Supervisory Stress Test Results

The Commodity Futures Trading Commission today issued Supervisory Stress Test of Derivatives Clearing Organizations: Reverse Stress Test Analysis and Results, a report detailing the results of its fourth Supervisory Stress Test (SST) of derivatives clearing organization (DCO) resources. Among other findings, the 2024 report concluded the DCOs studied hold sufficient financial resources to withstand many extreme and often implausible price shocks.

The Risk Surveillance Branch of the Division of Clearing and Risk conducts periodic SSTs to assess how DCOs might fare under extreme stress. Staff previously conducted SSTs in 2016, 2017, and 2019. The 2019 SST included a reverse stress test component, and this 2024 SST is a major expansion of that, which includes nine DCOs, representing 11 clearing services across four asset classes (futures and options on futures, cleared interest rate swaps, credit default swaps, and foreign exchange products).

The purpose of the analysis was twofold: (1) to identify hypothetical combinations of extreme market shocks, concurrent with varying numbers of clearing member (CM) defaults, that would exhaust prefunded resources (DCO committed capital, and default fund), and unfunded resources available to the DCOs (this represents the reverse stress test component), and (2) to analyze the impacts of DCO use of mutualized resources on non-defaulted CMs.

Read more:  CFTC

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More News, Rumors and opinions Tuesday PM 7-2-2024

KTFA:

Clare:  Makiya completes procedures for Rixos Baghdad Hotel with Qatari Real Estate Investment Company

7/2/2024

The Chairman of the National Investment Commission, Haider Mohammed Makiya, has officially completed the procedures for establishing the Rixos Hotel in the capital, Baghdad, with the CEO of the Qatari Real Estate Investment Company.

The Chairman of the Commission confirmed in a statement that "the project comes within the government's tireless efforts to attract foreign direct investments that enhance Baghdad's international reputation as a prominent investment destination, as well as enhance investment cooperation between Iraq and Qatar, which is an important step in developing the infrastructure of the tourism sector in the country."

For his part, the representative of the Qatari company "expressed his confidence in the promising investment opportunities in Iraq, noting that the project will contribute to creating new job opportunities, supporting local economic growth, and an important opportunity to open the doors to international tourism investment."

It is worth noting that the Rixos Hotel project, which is distinguished by its global reputation for providing luxurious services, will be built on an area of ​​47,500 square meters and consists of a 23-storey hotel with 22 presidential suites with 308 hotel rooms and 164 residential apartments of different sizes in addition to advanced facilities and services that meet all needs.    LINK

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Clare:  Worth $4.5 billion.. Japan sets date for completion of construction of large oil refinery in Basra

7/2/2024

Baghdad - WAA - Wissam Al-Mulla

The Japanese Ambassador to Iraq, Futoshi Matsumoto, announced today, Tuesday, the commencement of the first phase of the project to improve water supplies in Samawah, while setting a date for the completion of the construction of a large oil refinery in Basra.

Matsumoto told the Iraqi News Agency (INA): "There are Japanese companies seeking to work in Iraq, such as Komatsu, a company that produces construction machines, and it is a very well-known company."

He pointed out that "the company is very interested in investing in Iraq, and a delegation from it visited Basra Governorate to find out what machines Iraq needs to provide with high quality." 

Regarding Japanese projects and loans, Matsumoto stressed that "Japanese loans are important to stimulate the Iraqi economy to give the government an opportunity to bring in more Japanese companies, especially in infrastructure and oil projects."
He added that "JGC, which is working on building a large oil refinery in Basra, has invested $4.5 billion in the project," noting that "this will take two years to complete the project, and this requires large loans from Japan, and there are great advantages to Japanese loans." 

Regarding the water supply improvement project in Samawah, the Japanese ambassador explained that "the Japanese company has started the design and the first phase of the project, and we need more than five years to complete it," indicating that "this project is very important for the people of Samawah, and we are making every effort to implement it."

LINK

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

Walkingstick   Sudani rewrote the contracts and recalculated them in accordance with the rate in the budget...They've been running a budget with the new exchange rate and a budget with the old exchange rate...

Frank26  If it [the budget] comes out in the Gazette with the old rate, there's only two budgets left, one with the old rate and one with the new rate but if they come out with the one with the old rate don't worry about it, it'll change very quickly.

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Iraq Bans 8 Local Banks From US Dollar Transactions

Nader:  7-2-2024

https://www.youtube.com/watch?v=cKv3v82uT34

LIVE! Central Banks ADMIT THAT THEY ARE IN CONTROL. AND THEY ARE LAUGHING AT US!

Greg Mannarino:  7-2-2024

https://www.youtube.com/watch?v=c3WxJeydS0Y

Raising the three zeros from the Iraqi currency and the interim evaluation (2016 Article)

TNT:

Tishwash:  This article is from 2016. It’s a great reminder of how far we have come.

Raising the three zeros from the Iraqi currency and the interim evaluation (2016 Article)

Amer Al-Abadi

The value of the Iraqi dinar began to be worth (7) grams of gold at the beginning of its issuance according to the issuance law in the year 1931, and in 1959 a new law was issued for the Iraqi national currency, and  the Iraqi monetary and banking system continued to develop, and the value of the Iraqi dinar reached (3.3) dollars until the beginning of the war. With Iran, which led to a major collapse in the Iraqi currency

In 2004, the former Governing Council replaced the previous currency, which symbolized the previous regime, with a new currency that is currently in circulation, and the currency was dealt with in seven denominations: 50, 250, 500, 1,000, 10,000, and 25,000 dinars.

Unlike Arab countries, there have been no coins in Iraq for about 25 years. 

The project to delete the three zeros was scheduled to be completed in 2011, but it was not completed, then it was postponed to 2013, then postponed to 2015, and now the plan is scheduled to be implemented in early 2017, noting that the process of deleting the zeros took place in several countries.

Three zeros were deleted from the Zimbabwean dollar in 2006. Romania deleted four zeros from its currency in 2005. Bolivia deleted three zeros from its currency in 2008. Turkey deleted six zeros from its currency in 2005. Sudan deleted two zeros from its currency in 2007.

Central Bank Director Mahdi Al-Alaq said, saying: “The central bank began the first steps of the project by choosing the designs, companies and country in which the currencies will be printed.”

He pointed out that "the introduction of the new currency does not mean destroying the old currencies, but they will continue in circulation for about ten years," pointing out that "this period will enable the central bank to withdraw the old currency according to the known dynamics in order to preserve liquidity in the market."

 Justifications for the replacement process

 1. The existence of a large monetary block worth 30 trillion dinars, with a number of 4 billion notes.  

 2. Currently, the largest denomination of cash is 25 thousand dinars, equivalent to approximately 21 dollars, and this requires a large volume and effort to settle daily transactions, so the amounts that exceed 20 in value are now Million is made in dollars.

 3. The presence of damage to a large percentage of the currency, especially the small denominations, and their inadmissibility in circulation, which constitute approximately one-third of the monetary mass. 

 4. The difficulty of performing calculations in light of numbers with more than 14 zeros from a practical and technical standpoint, and the possibility of an error occurring, whether adding or deleting a zero.

 Benefits of the exchange process

 1. Security: It reduces the risks resulting from carrying large sums of money.

 2. The costs of counting, sorting, and auditing will decrease if larger denominations are issued.     

 3. Raising the zeros will create a psychological impact on the citizen by strengthening his currency and adopting it more widely instead of foreign currency   

 4. Including the Iraqi dinar in the basket of global currencies and dealing in it officially on the world’s stock exchanges and financial markets.

5. The possibility of concluding economic agreements to deal in the national currency, and this will cover a very large portion of foreign transfers, which are a waste of the national wealth of hard currencies.

6. Manipulation of the currency exchange market will be eliminated

 7. The work of corrupt suspicious banks and their agents and brokers will stop.

 8. A higher ceiling will be set for the amounts transferred abroad from the active exchange currency to ensure that the currency is not smuggled.

 9. Changing the currency affects the psychological aspect represented by the desire for a currency with a high exchange rate. This rise brings joy to the return of the dinar to its rich past.

 Disadvantages of the replacement process:

1. The emergence of a mathematical problem between the old and new numbers in transactions and in reading and managing trillion numbers.

2. The need to print large denominations.

3. Foreign shares of the stock exchange will decrease by 20% because foreign investors believe that changing the currency will reduce profits.

4. Removing three zeros from the currency may contribute to creating a state of monetary illusion  

 5. It will cost the state budget large sums of money, in addition to being a door to financial corruption, in addition to not addressing the problem of financial inflation because the Iraqi market imports all goods and services from abroad, which means a drain on hard currencies.

6. There is no official data on the cost of Iraqi banknotes. Note that the cost of a banknote in Britain is 7 US cents. It is sufficient to know the number of notes in circulation to give an idea of the total cost.

7. Four billion notes. Thus, the cost of printing them becomes 289 million dollars. This amount is huge 

8. Add to that another amount to mint coins, not to mention the money needed to face the consequences of deleting zeros, such as replacing postage and financial stamps

9. Feeling poor: Deleting zeros makes a person feel poor, as someone who had ten million dinars now only has ten thousand of them

10. Expecting prices to rise.

11. In light of the inevitability of introducing the Kurdish language to the first issue of the currency after the new constitution comes into effect, it is necessary to benefit from the experiences of other currencies.

 For example, the euro is the currency of many peoples in Europe, but it does not contain any language, only symbols, numbers and pictures.

 Amer Al-Abadi   11/15/2016

link

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 7-2-24

Good afternoon Dinar Recaps,

THE CHEVRON DOCTRINE OVERTURNED BY THE SUPREME COURT

A 40 year PRECEDENT called the Chevron Doctrine WAS OVERTURNED by SCOTUS on June 28th. How could this affect the RV of CURENCY in the U.S.?
The overturning of the Chevron Doctrine stripped 3 letter agencies from enacting enforceable policies from ambiguous laws.

"Under that doctrine, if Congress has not directly addressed the question at the center of a dispute, a court was required to uphold the agency’s interpretation of the statute as long as it was reasonable. But in a 35-page ruling by Chief Justice John Roberts, the justices rejected that doctrine, calling it “fundamentally misguided.”

How will this affect the SEC and the CFTC moving forward as they address Crypto and Digital Asset guidelines?

© Newshounds News™

Read more:  SCOTUS Blog

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STOCK MARKET CORRECTION ON THE HORIZON?

"Leading global investment bank JP Morgan has predicted a major US stock market crash. The bank remains cautious on the S&P 500 index noting that a 20% downside could be on the cards. JP Morgan’s doomsday stock market prediction comes when BRICS is looking to uproot the dollar and damage the US economy."

" If the US stock market dips 23% according to JP Morgan, BRICS currencies will gain strength in the forex markets. While the US stock market will look at ways to stop the crash, BRICS could cause further damage by cutting ties with the dollar."

"JP Morgan’s bearish forecast for the US stock market is bullish for BRICS as it wants to pull the dollar down. The weakening of the US dollar is a boon to BRICS which wants to push local currencies ahead for trade."

© Newshounds News™

Read more:  Watcher Guru

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DO YOU OWN GOLD?

"The vast majority of professional investors in North America own at least some gold and the number has been growing in recent years. A World Gold Council survey of 525 North American investors found a steadily growing trend of gold ownership. The survey included large institutions, consultants, and financial advisors."

"Over one-quarter of respondents said they plan to increase gold allocations in the next 12 to 18 months. That was more than double the number who said they plan to reduce their exposure to gold."

"In fact, gold has outperformed most asset classes over the last 25 years. In fact, with an average 8 percent return each year, gold has outperformed equities over the last quarter century. "

© Newshounds News™

Read more:  ZeroHedge

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U.S. SENATE PICKS UP CRYPTO LEGISLATION

H.R. 4763 passed in the Congress late May giving the U.S. their first look at crypto legislation. The Senate has yet to act upon any Crypto/Digital Asset bill until now as Senator JD Vance (R-OH) is now crafting legislation.

"On June 26, Politico reported that Sen. J.D. Vance (R-OH) has been circulating the draft of a digital assets bill that he hopes to introduce in July. Vance’s bill will reportedly give ‘crypto’ operators even more latitude than the Financial Innovation and Technology for the 21st Century Act (FIT21) approved by the House of Representatives last month."

"And yet Vance’s draft bill reportedly takes “a more industry-friendly approach” than FIT21, which is saying something, given that FIT21’s passage set champagne corks-a-poppin’ within the halls of U.S. digital asset firms. Vance’s bill will reportedly “take a simpler approach to determining which digital assets the SEC would oversee versus the CFTC.”

© Newshounds News™

Read more:  Coin Geek

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MiCA AND STABLECOIN RESTRICTIONS

"A few press reports have raised concerns about stablecoin limits under the European Union’s Markets in Crypto Assets Regulation (MiCAR). The stablecoin elements of the regulation came into force at the end of June. The regulation does indeed have some draconian limits, at which point the stablecoin must cease activity. The European Banking Authority has relaxed the rules in its final iteration."

"The EU is saying if you want to use stablecoins to buy crypto and do DeFi stuff, have at it. But if you want to use stablecoins to pay for goods and services like your coffee or your rent, then you need to use Euro (or other EU currency) stablecoins. The limits are really about monetary sovereignty."

© Newshounds News™

Read more:  Ledger Insights

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“Tidbits From TNT” Tuesday 7-2-2024

TNT:

Tishwash:  Parliamentary Finance reveals the effects of the oil price increase and its differences in the 2023 and 2024 budgets

Member of the Finance Committee in the Iraqi Council of Representatives, Mustafa Al-Karawi, revealed today, Monday, the effects of the increase in the price of oil and its difference in the 2023 and 2024 budgets, while he spoke about the fate of the revenues of the difference in the price of a barrel, which is approaching the $10 limit for each barrel sold.

Al-Karawi said, "90 percent of the country's revenues depend mainly on oil, and the more oil revenues or the price of a barrel of oil increase, the lower the expected deficit in Iraq's budget."

He added, "There is no big difference between the 2023-2024 budgets, as the government relied on a price difference of about $10 if it built its budget on $70 per barrel and expected the current price of $80 per barrel."

Al-Karawi explained that "the increase in oil revenues will contribute to bridging the deficit, and since the expected difference is $10, the deficit coverage will be 16 trillion dinars in the 2024 budget."

It is noteworthy that Iraq sells about four million and 250 thousand barrels of oil per day, and needs about 54 trillion dinars as salaries ,  as the 2024 budget was approved at a fixed price of $70 per barrel, while the current price of a barrel is $90, which  reflects the fluctuations of the oil market.    link

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Tishwash:  Prime Minister's Advisor Announces Iraq's Completion of Integration Steps by Providing Safe Environments to Attract Investment

 The financial advisor to the Prime Minister, Mazhar Mohammed Salih, identified on Sunday the important strategic, field and organizational factors that encourage international investors to work in Iraq, while pointing out two basic starting points for the development of the investment environment in the country.

Prime Minister Mohammed Shia al-Sudani confirmed last week, while chairing the eighth meeting of the Higher Committee for Reconstruction and Investment, that Iraq has become a safe and attractive environment for capital from international companies, and a preferred market for businessmen and investors, thanks to the facilities and legislation provided by the government since its formation. 

Saleh said, in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Prime Minister's statement regarding the development of the investment environment in Iraq comes from two main starting points: the first is Iraq's completion of its integration steps in providing safe and appropriate environments to attract foreign investment in Iraq, the latest of which is our country's accession to the agreement sponsored by the United Nations and called the Singapore Investment Agreement."

He added, "This agreement seeks to improve the investment climate in member states by enhancing transparency and fair regulatory procedures, in addition to providing mechanisms for resolving disputes between investors and countries through faster mediation or international arbitration, which gives investors a legal means to guarantee their rights, all of which are factors that the government of the Republic of Iraq believes in to encourage international investors to invest in our country with high resources."

Saleh stressed that "the Singapore Agreement and joining it is an important step towards enhancing international trade and investment, which contributes to achieving economic growth and improving economic relations between international groups."

He added that "the second part, which the Prime Minister referred to, is the momentum of the natural and human material resources of an important strategic country like Iraq, which ranked ninth among the countries of the world in terms of natural resources, and first in the world in possessing one square kilometer of resources in the ground."

He explained that "the geographical location of Iraq, which connects European countries by land with Asian countries by sea, encouraged the launch of the Development Road project, which took its executive steps from the Faw Port upwards within the construction of the dry canal and the upcoming related industrial, agricultural and service projects and in accordance with an important regional and international cooperation framework to attract global investments." 

He pointed out that "all these strategic, field and organizational factors represent a positive invitation for international investors to work in Iraq under the direct sponsorship of the executive authority to facilitate their work and with high-precision legal protection   link

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Tishwash:  Rafidain Bank announces the implementation of the comprehensive banking system in 31 of its branches in Iraq

Rafidain Bank announced today, Tuesday, the implementation of the comprehensive banking system in the Pharmacists Branch in Basra, thus joining the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the border crossing branches (Zurbatiya - Safwan - Arar - Trebil).

Thus, the number of effective and completed branches of the system becomes (31) branches, in an important step to strengthen the banking system, achieve its requirements, and move away from paper work and completely towards electronic systems.

The bank confirmed in a statement today that the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the set timetables to include all the bank’s branches in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions    link

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Tishwash: The Ministerial Council for Economy issues decisions, including obligating government agencies to purchase national products

The Ministerial Council for Economy issued several decisions during its meeting in Baghdad, today, Monday, including obligating government agencies to purchase the national product in support of the country's economy, and the Ministry of Water Resources submitting a detailed report on the salinity treatment project, while approving several projects in the Rutba district in Anbar Governorate.

A statement issued by the Ministry of Foreign Affairs - received by the Iraqi News Agency (INA) - said: "Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the nineteenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisors for Economic and Legal Affairs."

He added, "The Council hosted representatives of the Ministry of Oil to discuss facilitating customs procedures related to goods belonging to the Ministry of Oil (national effort contracts, licensing round contracts, and strategic contracts for the Ministry."

The Council confirmed - according to the statement - its decision and the circular of the General Secretariat of the Council of Ministers to allow the clearance of goods belonging to ministries, entities not affiliated with a ministry, and government institutions after submitting an official pledge to complete all customs procedures in accordance with the Customs Law when due. The Council also decided that the Ministry of Water Resources would submit a detailed report on the project to treat salinity and prevent the rise of salt tides in the Shatt al-Arab and the opinion of the advisory body regarding it.

The Council decided to emphasize to all ministries and entities not affiliated with a ministry the commitment to implement Article 30/Second of the Federal General Budget Law (purchase of the national product) in support of the national economy and national industry, especially with regard to liquefaction seals (which close containers for transporting goods and track them electronically), and the Ministry of Industry to proceed with procedures to impose product protection fees.

The Council also decided to approve the project to rehabilitate streets in the neighborhoods of Al-Mithaq Al-Jadeed, Al-Matar Al-Jadeed, and Al-Intisar in Rutba District, and to direct The Reconstruction Fund for Areas Affected by Terrorist Operations will follow up on the implementation of the work items during implementation and not upon initial receipt.

The Council also decided to recommend to the Council of Ministers to approve the recommendations of the committee on establishing mechanisms to regulate the import of used materials, with the review of controls every six months instead of three months.  link

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Mot: Going to da Doctors While Raising the ""Wee Folks"" 

Mot:  .. Breaking news! Its July

News, Rumors and Opinions Tuesday AM 7-2-2024

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 Tues. 2 July 2024

Compiled Tues. 2 July 2024 12:01 am EST by Judy Byington

Global Financial Crash Imminent

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for your family and to share with others in case of emergency.

Global Currency Reset:

Mon. 1 July 2024 Wolverine: “There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning and should come sometime this week. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Tier4b monies have been positioned. Private contractors are being paid. Bond Holders are in position. I’ve seen the signed contracts and certified documents for the reset. Hold on. It’s coming.”

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Sun. 30 June 2024 Breakfast with Tiffany: USD funds for Trigger Files have been released and will be ready for disbursement next Mon. 8 July and prerequisites for launching USN Bills now being finalized and scheduled for disbursement on that July 8th. 

GESARA is supposed to be announced July 8th as well, been further advised Trigger Bond payment Monday 1st and bond redemption payments Thursday 4th, public release of USN Bills and Currency Revaluation starting the 8th.

The Global Currency Reset release of funds across the World has been given, with funds coming directly from the US Treasury Department of Defense Operations. 

The launch of the RV was slowed down due to many Hacker and Cyber Attacks.

There will be an Internet Blackout

The White Hat Military are in control of the redemption process.

Wells Fargo and HSBC are leading these operations across the Globe.

There are local institutions in countries around the World that are connected and ready for Global notifications with access to Treasury Departments in the different countries.

All banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.

Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.

The RV is being negotiated on the Forex.

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Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.

Sun. 30 June 2024: Look for something to happen around Mon. 8 July in regards to the NESARA announcement that will tie in with November 5th, allowing for the 120 days.

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Global Financial Crisis:

Mon. 1 July 2024: INTEL: Quantum Financial System, Global Currency Reset, and the Med Beds 5D ~ Trust the Plan! – #site_titleQuantum Financial System, Global Currency Revaluation, and the Med Beds 5D ~ Trust the Plan! (amg-news.com)

Read full post here: https://dinarchronicles.com/2024/07/02/restored-republic-via-a-gcr-update-as-of-july-2-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
They tell us on July the 18th we will be official but they keep hinting...that we're already part of the WTO.  They got some guy from the WTO saying that the WTO got this on our WTO calendar already... The newscast saying that is the day Iraq is fully accepted with no hold back or limitations on our currency.  FRANK:  This is very good news. IMO the new exchange rate should be well before that date...

Pimpy   Article:  "Customs complete the first phase of the automation project and reveals its revenues within 5 months"  They've been kept in the dark ages for a long time.  Everybody was doing everything by paper and pencil and it was kept that way for a reason...Banking and other institutions are seeing their companies change with this new technology are going to be excited.  It's going to make their work a lot more efficient...it's only going to get better for Iraq.  This is one of those way they can generate revenue other than from oil.  This is exactly what they need to diversify.  Quote "revenue rate will raise by the end of this year to 200% from what it was in 2022."  That's a hell of an increase...it's going to boom over there...

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US Political Chaos & Emergence Of BRICS Currency | Peter Grandich

Liberty and finance:  7-1-2024

The BRICS nations will likely this fall make movements towards a joint currency, possibly tied to gold, says Peter Grandich .

Gold has surged higher this year and stayed near all-time highs. The emergence of a BRICS currencies tied to gold is one of the reasons for gold's sustained rally, he believes.

Amid political and financial chaos in the U.S., it's time to build a financial ark. And he says owning hard assets like gold and silver offers the best protection.

INTERVIEW TIMELINE:

0:00 Intro

1:52 Political chaos

10:30 BRICS currency

15:50 Gold market update

25:00 Building an ark

https://www.youtube.com/watch?v=SvR6PQ7eXE4

Bretton Woods at 80: Evolving for the new global economy

Atlantic  Council:  7-1-2024

This event marks eighty years since the opening of the Bretton Woods Conference that created the World Bank and the IMF with senior officials from the World Bank, IMF, US Treasury, and the UK.

https://www.youtube.com/watch?v=rfIUl0ucQSM

Seeds of Wisdom RV and Economics Updates Monday Evening 7-1-24

Good Evening Dinar Recaps

NEW JAPANESE BANKNOTES TO BE ISSUED FROM JULY 2024 

"The banknotes feature as an anti-counterfeiting measure the world’s first three-dimensional holograms that make the portraits on bills appear to rotate when tilted. Tactile marks allow the visually impaired to identify the denominations."

"From the time that they are issued, the new banknotes will be available from financial institutions and ATMs. Currently issued banknotes will continue to be legal tender."

This ISN'T a revaluation of Japan's currency.

© Newshounds News™

Read more:  Nippon

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COMMERCIAL REAL ESTATE FACING UNCERTAIN TIMES

"US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets: Report"

"Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report.
The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times."

“…These steps indicate a grudging acceptance by some lenders that the banking industry’s strategy of ‘extend and pretend’ is running out of steam, and that many property owners – especially owners of office buildings – are going to default on mortgages. That means big losses for lenders are inevitable and bank earnings will suffer.”

© Newshounds News™

Read more:  Daily Hodl

~~~~~~~~~

WHAT EXACTLY IS FEDNOW?

"The FedNow Service is a new service for instant payments built by the Federal Reserve to help make everyday payments fast and convenient for American households and businesses. Banks and credit unions of all sizes can sign up for the FedNow Service and offer new instant payment services to their customers. In the coming years, customers of banks and credit unions who sign up for the FedNow Service will be able to use their financial institution's app, website, and other interfaces to send instant payments directly from their bank accounts quickly and securely. "

"The FedNow Service enables individuals and businesses to send and receive payments within seconds at any time of the day, on any day of the year, so that the receiver of a payment can use the funds immediately."

Instant payments allow consumers and businesses to send and receive funds from their accounts at banks and credit unions in real-time, any time of day, any day of the year, with immediate funds available to receivers.

© Newshounds News™

Read more:  FederalReserve

~~~~~~~~~

IS FEDNOW A CBDC?

"Is the FedNow Service replacing cash? Is it a central bank digital currency?
No. The FedNow Service is not related to a digital currency. The FedNow Service is a payment service the Federal Reserve is making available for banks and credit unions to transfer funds for their customers."

"Does the Fed have access to my bank account with the FedNow Service?
No. The Federal Reserve and the FedNow Service cannot access individuals' bank accounts or control how they choose to spend their money."

© Newshounds News™

Read more:  FederalReserve

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Seeds of Wisdom RV and Economics Updates Monday Afternoon 7-1-2

Good Evening Dinar Recaps,

"Stripe and Coinbase have partnered to expand the global adoption of cryptocurrency and provide faster, cheaper financial infrastructure."

"This collaboration aims to serve businesses and people around the world, Coinbase said in a Thursday (June 27) blog post."

"With this partnership, Stripe will add USDC on Base to its crypto payouts product, according to the post. This will enable Stripe platforms to make “faster, cheaper” money transfers to more than 150 countries."

"In addition, Stripe will add USDC on Base to its fiat-to-crypto onramp, allowing customers in the U.S. to make faster fiat-to-crypto conversions, the post said."

"In a third key integration that’s part of this collaboration, Coinbase will add Stripe’s fiat-to-crypto onramp to Coinbase Wallet. This integration will enable instant purchase of crypto with credit cards and Apple Pay, per the post."

Read more:  PYMNTS

~~~~~~~~~

Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.

Circle is claiming bragging rights as the first global stablecoin issuer to comply with MiCA.

Before the rules took effect on June 30, some exchanges delisted euro-denominated stablecoins, such as Tether’s EURT.

Circle became the first global stablecoin issuer to secure an Electronic Money Institution (EMI) license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the European Union (EU) under the Markets in Crypto Assets (MiCA) regulatory framework.

Read more:  CoinDesk

~~~~~~~~~

U.S. Marshals Service Announces Partnership With Coinbase To Manage and Dispose Cryptocurrencies

The US government has announced it is using American crypto exchange Coinbase to custody its digital assets.

The U.S. Marshals Service (USMS), a sub-tier of the Department of Justice (DOJ), has revealed that it is custodying digital assets with Coinbase as part of its program to manage and dispose of large amounts of “Class 1” cryptocurrencies.

“The U.S. Marshals Service (USMS) Department of Justice (DOJ), on behalf of the Asset Forfeiture Division (AFD) has a requirement for managing and disposing of large quantities of popular cryptocurrency assets, known as Class 1 cryptocurrencies. This will require the use of multiple, industry leading, storage and liquidation techniques employed in a manner that is professional, lawful, and consistent with Department and USMS policy.

This contract will also streamline custody, management, and disposal processes for cryptocurrency assets while allowing for the diversification of the type of cryptocurrency assets that can be managed and disposed of under the Government’s forfeiture programs.”

In a blog post, Coinbase says it has a “longstanding history” of working with government agencies.

“Coinbase has a longstanding history of supporting law enforcement agencies, dating back to the founding of our law enforcement program in 2014. Today, Coinbase works with every major U.S. federal, state, and local law enforcement agency, as well as international agencies on every continent.

Read More:  Daily Hodl 

~~~~~~~~~

DE-DOLLARIZATION

Is Saudi Arabia pulling back from the dollar for oil trade? It appears SA is looking to diversify its oil trade.

"American economic dominance is no longer as stark, with its share of world GDP falling from 40% to 25% since 1960. Moreover, US dependence on Saudi oil has slid considerably, given a historic explosion in US domestic production."

"For instance, Saudi Arabia is among potential BRICS candidates, an economic bloc that has become one of the leading voices against the dollar. It's also linked with China to help establish mBridge, a cross-border payments system that uses central bank digital currencies."

Read more:  Markets Business Insider

~~~~~~~~~

WILL CBDC's TURN US INTO A CASHLESS SOCIETY?

"Digital economies require digital currencies."
"Personal, government and business payments shifted away from mainly cash to online and digital payments, embraced FinTech (eg, for financial market transactions, lending, wealth management), with tech companies such as Apple and Alibaba disintermediating banks."

"Retail, wholesale, cross-border and financial payment systems now enable e-commerce and digital finance including digital assets and cryptocurrencies such as Bitcoin and Ethereum. Data suggests there is substantial appetite for cryptocurrencies in the Middle East and North Africa: the region had the sixth largest crypto economy globally, with an estimated $389.8 billion in on-chain value received, in the year ending June 2023 (about 7.2 percent of global transaction volumes)."

"Saudi Arabia reported the highest growth globally in the volume of cryptocurrency transactions during this period."

Read more:  Currency Insider

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Monday Afternoon 7-1-2024

BRICS: Major U.S. Financial Sector To Be Impacted If the Dollar is Ditched

The main U.S. sector to be affected if BRICS ditches the dollar is the banking and finance sector. Banks across America will be forced to take concrete measures to safeguard the prospects for the U.S. dollar. Moreover, new currency pairs could take center stage in the forex market adding more pressure on the U.S. dollar.

Also, banks lend millions of dollars globally and the amount disbursed could be reduced considerably. Therefore, the U.S. dollar will experience a dent in the supply and demand mechanism and banks will take the first hit due to the BRICS de-dollarization initiatives. U.S. banks are already in crisis with several banks facing closures and bankruptcies since 2020.

If the banking sector takes the first hit, the next dent will inadvertently be the financial sector in the U.S. The financial sector is broad and involves consumer goods and retail, technology, and fintech, among various others. Even inflation could hit the U.S. homeland making the prices of everyday essentials peak. BRICS ditching the dollar for global trade and transactions will begin to have adverse effects on the U.S. economy and day-to-day life in America will be impacted.

Source: Watcher Guru

https://dinarchronicles.com/2024/06/29/brics-ditching-the-dollar-will-affect-a-major-us-sector/

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

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

Frank26  A few people were saying, 'boy the news out of Iraq is really slow.'   It's not slow.  The calm before the storm...that phrase fits perfect right now...It's not slow, it's simply very silent because that's the phase we're in right now.  The phase we're in right now...to announce the new exchange rate, they are being mum.  They are being mum about the budget right now...

Mnt Goat  I...asked [my CBI contact] how the rate of the dinar would be determined in the future...I was...told that “you know and I know that the rate of the dinar is now being artificially suppressed”...I was told that Iraq is in a much better situation now prior to the 1990 embargo and so why not have an international rate again with at least a rate equivalent to the late 1980’s prior to the invasion...

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

TNT:

Tishwash:  IBBC conference in London marks milestone for Kurdistan Region

"One of the significant outcomes expected from this annual event is the establishment of a branch of the University of London in Erbil, slated to open next academic year as the largest in the Middle East."

The 12th Iraq Britain Business Council (IBBC) conference in London is set to open with the participation of Kurdistan Regional Government (KRG) officials, aiming to bolster economic ties between Iraq and the United Kingdom.

Bargasht Akrayi, spokesperson for the KRG Investment Board, announced from London, "The Chairman of the Kurdistan Board of Investment will attend the IBBC conference to deliver a speech on behalf of the Kurdistan Regional Government. This conference, held biannually in Erbil, London, and Baghdad, aims to enhance trade and economic relations between the two countries."

"In addition to KRG officials, the conference will feature representatives from the Iraqi government, employers, businessmen, investors, and delegates from British and international companies, all focusing on fostering deeper ties," Akrayi emphasized.

"One of the significant outcomes expected from this annual event is the establishment of a branch of the University of London in Erbil, slated to open next academic year as the largest in the Middle East."

The IBBC conference continues to serve as a pivotal platform for advancing economic cooperation and investment opportunities between Iraq and the United Kingdom, with a special focus on the Kurdistan Region's development initiatives and strategic economic sectors. link

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

ANNOUNCEMENT Strategy of CBI 2024 to 2026

Edu Matrix:  7-1-2024

https://www.youtube.com/watch?v=6Rs375C2Rtc

ECONOMIC COLLAPSE CONTINUES TO WORSEN, FASTER! (EXPECT STOCK MARKETS TO GO HIGHER).

Greg Mannarino:  7-1-2024

https://www.youtube.com/watch?v=WgFrMC15vkw

Thoughts From DJ: “Tier One Asset-Backed Currency” 6-30-2024

DJ: DID YOU KNOW?

What is the reality of transitioning all global currencies to tier one asset-backed status? The endeavor will require a multifaceted approach, addressing economic stability, resource availability, and international cooperation.

The core of this transformation will lie in the availability of raw materials to serve as the foundational assets, ensuring the backing is both credible and sustainable. The off-ledger gold hoards represented in the historical bonds is a good start but for the concept to be sustainable future extraction of raw materials will be needed.

For any currency to achieve tier one status, it must inspire confidence among global investors and stakeholders. Historically, gold has served as the standard for asset-backed currencies due to its intrinsic value and universal acceptance.

However, gold alone cannot support the entire global economy. Diversifying the assets backing these currencies will be essential. This includes other precious metals like silver and platinum, industrial metals such as copper and lithium, and even commodities like oil and agricultural products.

The critical challenge in this transition is the availability and equitable distribution of these raw materials. Gold reserves, while substantial, are limited and unevenly distributed across nations. To ensure a fair and effective asset-backed system, the financial community must identify and agree upon a diversified basket of assets. This diversification mitigates the risk of any single asset’s volatility impacting the global economy.

Key commodities such as lithium, essential for the blossoming electric vehicle market, and copper, crucial for electrical infrastructure, are likely candidates. However, their extraction and production, as with other possible minerals, could pose environmental and geopolitical challenges.

Sustainable mining practices and international agreements on resource sharing is a key function in ensuring these assets can reliably back currencies without exacerbating environmental degradation or geopolitical tensions.

Achieving a universally accepted asset-backed currency system necessitates massive international cooperation. Establishing a global governance framework to oversee and regulate the asset-backing process will be crucial. This body would have to be responsible for setting standards, monitoring compliance, and arbitrating disputes.

 Such an organization could be modeled after existing institutions like the International Monetary Fund (IMF) or the World Bank but with a more focused mandate on asset-backed currencies.

Advancements in blockchain and digital ledger technologies (DLT’s) offer solutions for transparency and traceability. These technologies would ensure that the backing assets are verifiable and secure, reducing the risk of fraud and enhancing trust in the system. Implementing a blockchain-based tracking system for assets could provide real-time data on reserves, ensuring that all participating nations adhere to agreed-upon standards.

Transitioning to an asset-backed currency system also requires addressing environmental and social impacts. Sustainable practices in resource extraction and production must be prioritized to avoid ecological damage. Equitable resource distribution and fair labor practices to prevent exploitation and ensure that all countries benefit from this new financial paradigm will have to find a mandatory status.

The global financial community and governments will have to willingly collaborate, to create a resilient and trustworthy asset-backed currency system that can underpin the future of global commerce. This redefines the term “herding cats”. To get all these various egos and governance types singing off the same sheet of music, it better be one seriously sweet song.

DJ

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=242703

News, Rumors and Opinions Monday AM 7-1-2024

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 Excerpt from the Restored Republic via a GCR: Update as of Mon. 1 July 2024

Compiled Mon. 1 July 2024 12:01 am EST by Judy Byington

Mon. 24 June 2024 Summary of Mr. Salvage Meetings and Conference Call from Brazil:

Everything is very advanced, thanks to a lot of work that was done last week, which was huge. Everything is moving very quickly to release the blocks on all procedures for the start of 4B notifications, remembering that American institutions have already made notifications for the first group, which is group 4A and a small group of 4B, not reaching 10%.

Everything is happening at the same time in this giant operation, part of the Operation Storm, we observe that a huge turmoil is already happening on the planet, one of these events and many that we talked about are also yet to happen, which is this big Internet Blackout.

The Alliance is working very well. The White Hats are in control, the agony of the forces that oppresses the world is being completely revealed, everything is becoming clear. With each passing day more truths are coming to light so you can understand how hard and well they have been working.

The launch of the RV was slowed down due to many hacker attacks. As always, it is a process that requires absurd logistics and this launch of the Global Currency Reset is a military operation, we cannot forget that. It’s not simply being called and dealing with paperwork is not that simple, these logistics are military and that means no one knows what is happening and what will happen because all of this is very secret.

Many people are desperate thinking it won’t happen but it will, trust the plan, so we have to reassure ourselves. We are observing gigantic chaos but this reset will happen.

The United States is under pressure to deliver the Tier 4B launch, according to the information we have and this information is exclusively military.

The RV is being negotiated on the Forex.

The release of funds also comes directly from the United States Treasury’s Department of Defense Operations. This means that the funds will go into global operation and this is a huge job.

We have also been told that Bond Holders will be given access to their funds, as many have already been notified in the United States.

Nothing has been released yet but everything is ready. The logistics are military and this has to come from the United States, as they were the precursor of this entire movement for liberation and redemption.

Processes are being strangled in every way with cyber attacks.

We need them to issue these notifications of the second part of levels 4B soon. We are in a chronogram at the moment. The OK for release has already been given on a Global scale. It’s a very smart plan. It’s something that will surprise us.

Wells Fargo and HSBC are leading these operations of all these processes in the World.

There are local institutions in other countries that are already connected and are already ready for Global notifications and with access to all Treasury Departments in different countries around the World.

All these banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.

This week (of Mon. 24 June 2024) we hope to have a lot of news because since last week, work has been very busy with good prospects. This week we believe that the information will improve even more. Stay strong because we are reaching the finish line.

Nesara/Gesara is taking place in the United States, and it is a very important step for humanity.

Wells Fargo and HSBC are already financing the first layer that exists between 4 and 4B. 4B is the completion of 4A and 4A is already defined, so notifications from 4B begin an information process for Pay Masters, so level 4B is already receiving account movement.

All Zim funds will be placed into QFS accounts.

Digital backed gold is also implemented in these systems.

1% of the funds will be released when they start paying.

This week we will certainly have a lot of information about GCRV.

One thing is certain, the work has been very hard and we have no doubt about what is happening.

There was an interruption at the beginning of the month but the RV movement is progressing substantially and constantly. There is the turmoil of attacks but it is happening, the movements are being authorized with certainty. It needs adjustments related to the communication of systems that have already been made and it is all very intense but it is happening.

In the Global Project, in the notifications, we cannot forget the German titles that are in the queue, followed by the Zim and the English titles. 

TR confirmed that they have been notified that they will be paid as soon as possible and this week promises a lot.

They started the negotiations with Forex so this week (of Mon. 24 June 2024) we will have a lot of information for you. Have a great week.

Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.

Sun. 30 June 2024 Wolverine: I have seen a certified announcement of the release of the Global Currency Reset. It has been released. Presently the private contractors are getting paid. This week the Bond Holders will get paid. I’m not sure about the Tier4b Group (Us, the Internet Group).

Sun. 30 June 2024: Look for something to happen around July 8th in regards to the NESARA announcement to tie in with November 5th, allowing for the 120 days.

~~~~~~~~~~

Global Financial Crisis:

Sun. 30 June 2024 Banks Put on Alert for Cyber Attacks: https://timesofindia.indiatimes.com/business/india-business/banks-put-on-alert-rbi-warns-banks-of-credible-threat-intelligence-regarding-cyberattacks/articleshow/111375796.cms

Sun. 30 June 2024 India: Major Changes in Bank Accounts and Credit Card Billing Rules Starting July 1, 2024: https://delhibreakings.com/major-changes-in-bank-accounts-and-credit-card-billing-rules-starting-july-1-2024/

U.S. Department of the Treasury, IRS Release Final Regulations Implementing Bipartisan Tax Reporting Requirements for Sales and Exchanges of Digital Assets. The final regulations announced today will require brokers to report gross proceeds on the sale of digital assets beginning in 2026 for all sales in 2025. Brokers will be required to also report information on the tax basis for certain digital assets beginning in 2027 for sales in 2026. https://home.treasury.gov/news/press-releases/jy2438

Read full post here: https://dinarchronicles.com/2024/07/01/restored-republic-via-a-gcr-update-as-of-july-1-2024/

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

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

Walkingstick  [Iraqi bank friend Aki update] AKI:  It's about time.  WAlKINGSTICK:  What he's telling us is it's about time to release the budget and the new exchange rate with the lower notes.  That's what he meant.

Frank26  The ATM machines are like piñatas.  They're ready to burst wide open and give everybody their sweet blessings.  No doubt.

Suzie  WTO Article:  "FORMAL WORKING PARTY MEETINGS 2024 18 July 2024 - THU 18 JUL  10:00 Working Party on the Accession of Iraq"   This is good news for Iraq on their accession to the WTO. Hopefully they will have or shown us by that time a new rate for the dinar.  While international trade and economics are the important criteria for membership, having an international tradable currency is not a "cast in stone" issue but I certainly would think Iraq WOULD want that for credibility purposes if nothing else...

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

BRICS NEXT WIN: Russia's Initiative to Create Commodities Exchange Threatens Western Influence

Lena Petrova:  6-30-2024

https://www.youtube.com/watch?v=Oan6U7Zn6LA

6 Banks Are Now At Risk of Collapse

Atlantis Report:  6-30-2024

The banking sector is facing a significant threat as economic conditions worsen, and there are mounting concerns about the stability of six banks.

 As the global economy approaches a possible recession, lending standards are becoming stricter, creating a shaky situation for financial institutions.

The possibility of insolvency is causing widespread concern among investors, depositors, and the public. 6 Banks Are Now At Risk of Collapse.

https://www.youtube.com/watch?v=ElayR7A1Gm8

“Tidbits From TNT” Monday Morning 7-1-2024

TNT:

Tishwash:  Postponement of pensioner salaries distribution until tomorrow due to bank holiday

An informed source expected that the distribution of retirees' salaries would be postponed until tomorrow, Tuesday, due to the date of their distribution coinciding with the holiday of all banks today, Monday, due to the implementation of the semi-annual inventory.

The source explained to Shafaq News Agency that all banks in Iraq are closed today to conduct semi-annual inventory and financial systems operations, which affects the process of distributing salaries. 

The source pointed out that the Ministry of Finance and the retirement departments are working to expedite the necessary procedures to ensure that salaries are paid as soon as possible after the end of the bank holiday.

It is noteworthy that the semi-annual inventory process carried out by banks includes reviewing accounts and ensuring conformity of financial records, which is a periodic procedure carried out in order to maintain the accuracy of financial and banking operations. link

***********

Al-Sudani: The world has realized the importance of Iraq's stability for international and regional security

Prime Minister Muhammad Shiaa Al-Sudani confirmed that the world realized the importance of Iraq’s stability for international and regional security, during his reception of the delegation of the European Foundation for Dialogue and Development.

During the meeting, according to a statement received by {Al-Furat News}, Al-Sudani reiterated “the importance of the cultural and social diversity enjoyed by the Iraqi people, which represents a social wealth that supports communication between fraternal factions, and consolidates unity of ranks against extremism, which represents an ideology alien to our people and its history.” ".

Rais stressed the government's "continuous support for this diversity, and the strengthening of places of worship for all religions and sects and freedom of practices in them, and throughout Iraq, which is full of mosques, Islamic mosques, Christian churches, Sabian-Mandaean and Yazidi temples, and the rest of the components of the Iraqi spectrum."

Al-Sudani mentioned, “The attempt of terrorism to dismantle this heritage and historical fabric, and the victory of the Iraqis and their overcoming that ordeal, and the recovery that Iraq is now going through in various fields, just as the world has realized the importance of Iraq’s stability for international and regional security, and what the government has followed in its program strengthening the principle of government of services and community care.”

“And setting priorities in public service, economic reform, combating corruption, and fighting poverty and unemployment, to enhance the value of citizenship.”

Al-Sudani also explained to the European Foundation delegation “the nature of the constructive relations that the government has adopted with the countries of the world, and the prospects for fruitful partnerships with the countries of the European Union and the agreements and memoranda of understanding that have been signed, or with neighboring countries and regional countries, through adopting the principle of mutual interests, which is one of the results of the stability of the Iraqi experience, despite the problems it faced that the Iraqis overcame through democratic construction and consolidation of constitutional institutions of government, in the best way among the forms of democracies existing in the region.”  

The Prime Minister addressed "the events in Gaza and the continued brutal aggression against our Palestinian people, stressing Iraq's firm and principled position, and stating that the government is working with the countries of the region to prevent the expansion of the conflict arena, in addition to continuing to send relief and humanitarian aid."

For its part, “the delegation of the European Foundation expressed its appreciation for the warm reception, and praised the tangible state of stability in Iraq, through the tours it made in the capital, Baghdad, and its briefing on various development projects, stressing the necessity of conveying this image away from attempts to mislead.”  link

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

Tishwash: This is in Iraqi news

Japan.. New banknotes using "3D" images

Japan is set to issue new banknotes that will use, for the first time in the world, advanced holograms, as an anti-counterfeiting measure.

The Japanese Kyodo News Agency said that this change is the first in the design of Japanese currency in 20 years, explaining that the size of the printing of the face value numbers on the new 10,000-yen, 5,000-yen and 1,000-yen banknotes will be larger than on the current issues, so that all people can easily recognize them, while the tactile marks will make it easier for the visually impaired to know their value.

The process of printing currencies using the new technology is scheduled to begin next Wednesday.

By the end of March next year, approximately 7.5 billion new banknotes will be printed.

Kyodo quoted the government as confirming that the current banknotes will remain valid even after the new banknotes are introduced  link 

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

Mot: .. and then just Like That --- Pooooof!!!!

Mot: Extra Hungry

More News, Rumors and Opinions Sunday PM 6-30-2024

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 Sun. 30 June 2024

Compiled Sun. 30 June 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors and Opinions)

Sat. 29 June 2024 Wolverine: “The news has been overwhelming coming from so many sources. Some say it’s starting tonight. Some say it’s already started. They’re getting ready in Iraq for the RV tomorrow (Sun. 30 June 2024). …The latest is that you should get ready. It’s really coming.

The G-20 (an intergovernmental forum comprising 19 sovereign countries) gave the release and emails for the Internet Group will be coming out sometime between Mon. 1 July and Fri. 5 July. …Some Bond People have already been paid. They aren’t answering my calls because they are under NDAs.

Be responsible with your money. Use it wisely. You will be an NDA and you cannot talk about the RV. If you talk about it you will get your money frozen and you won’t get it. I’ll be going silent for about three months. Get ready for tomorrow (Sun. 30 June 2024) for the biggest celebration you have ever had because that’s when the RV is coming out – about mid day in Iraq. This is not a false alert because it is really coming. I can’t wait because all that hate I have been hit by will go away. God Bless you. I love you. Welcome to the new World. Bye Bye.”

~~~~~~~~~~

Sat. 29 June 2024 Mr Salvage BREAKING NEWS FROM BRAZIL:

• Levels 4A and 4B are ready to receive notifications.

• The United States is under pressure to release NESARA.

• Wells Fargo and HSBC are on high alert

• All transactions are under military supervision.

• All payers are ready and funded

• All notifications will be released globally.

• All funds will be distributed globally

• The RUMOR is that they expect this to happen during the week.

Sat. 29 June 2024 Banker:  “I have nothing to confirm the hour we will be notified about appointments to exchange or the dollar value of same, I do know the banker has had his staff on a one hour call to report to their assigned locations once the release has become authorized for the past three days, and that the rate in country was published in the Gazette today Sat. 29 June 2024.  So folks we are extremely close. GOD Bless.”

~~~~~~~~~~

Judy Note: From the information contained herein it’s assumed that matters regarding the Global Currency Reset and changeover to Sovereign Republics of nations of the World were imminent:

Everything has been completed for NESARA/GESARA payouts including GESARA being announced through certain media, making it legal.

All debts of various nations including the US, have been settled using GESARA funds collected from the Cabal. GESARA has begun paying out in several countries, with the US payouts to citizens scheduled.

Payouts for the Global Currency Reset has been authorized, scheduled and reported.

Word was that right now some Tier 3 Zim Holders were in Reno meeting with their Wealth Managers and proceeding with the redemption process. The Pentecostal Group has already started to pay out their Group One.

On Thurs. 27 June the new Iraqi Dinar rate was available to citizens of Iraq through their debit cards and ATMs.

Very soon Tier4b was expected to begin exchanges in China, the process going across Asia and into Europe and then to the US.

The Pentecostal group will begin to pay out their Group Two on Thurs. 4 July – the same day the US will be celebrating Independence Day with major announcements expected.

~~~~~~~~~~

Global Financial Crisis:

The new USA Treasury Dollar, backed by RWA (Real World Asset), is coming. The Financial Accounting Manual for Federal Reserve Banks states that the Treasury Secretary can instruct the Fed to revalue the Gold on the U.S. government’s balance sheet. It will likely be revalued to over $20,000 per oz. Boom. It’s coming. https://rebrand.ly/USDEBTCLOCK_GoldAssets

Read full post here:  https://dinarchronicles.com/2024/06/30/restored-republic-via-a-gcr-update-as-of-june-30-2024/

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

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

Walkingstick  The ATM machines, they're all poised like centurions that are standing there.  These ATMs are guarding the lower notes.  It's time for all of this to come out now.  It's just the budget we are waiting for.  We're not waiting for any laws, we're not waiting for any new procedures.

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO.  This is going to be official...July the 18th.  FRANK:  To join the WTO Iraq does not need a currency with value.  No, that's not the point.  Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.

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

URGENT INFO for Iraqi Dinar Investors; Major Issues Affecting Future Rate

Edu Matrix:  6-30-2024

URGENT INFO for Iraqi Dinar Investors; Major Issues Affecting Future Rate 2024 Budget; Government Jobs; World Bank; Exchange Rates; Currency News; Iraq: Iraqi Dinar, Vietnam Dong, ZiG Currency, Haiti's Currency, Gold, and BRICS Currency Plans.

https://www.youtube.com/watch?v=ImeCKMZ0ErU

New Plan May Eliminate Property Taxes in Some States

Sachs Realty:  6-30-2024

Professor of Applied Economics at Johns Hopkins and Former Economic Advisor to President Ronald Reagan, Steve Hanke talks about rising property taxes.

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