News, Rumors and Opinions Friday AM 7-12-2024

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 12 July 2024

Compiled 12 July 2024 12:01 am EST by Judy Byington

Judy Note: What we think we know as of Fri. 12 July 2024:

Now on Wed. 10 July 2024 Fox News discussed the NESARA Law – indicating that the nation had broken away from the Federal Reserve System by way of a Global Currency Reset to gold/asset-backed currencies of 209 Sovereign nations. That act closed the Federal Reserve and IRS, while the US changed over to a sales tax on new items only – and the Deep State Cabal no longer had control of US Taxpayer monies.

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Global Currency Reset:  (Opinions/Rumors)

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

An Email went out to Redemption Center Leaders and was received at 5 pm today Thurs. 11 July 2024. That email said that Tier4b would get our notifications either Sat, Sun or Monday to make appointments before or by Tues. 16 July.

There was a meeting in Reno today Thurs. 11 July where they decided when to pay out the Bond Holders, private groups and platform traders.

Another source said everything would start Sat. night and culminate on Sunday 14 July.

There was another meeting in Reno on Fri. 12 July and Tier4b could be notified to get their appointments any time after, but likely on either Sat, Sun or Monday 15 July.

There was a solid rate on the Dong.

You would be far better off to use the toll free number to get an appointment at the Redemption Center to do your exchange. They offer far higher rates than the banks. There was no reason to do exchanges at a bank.

The Redemption Centers would offer the Contract rate on the Dinar that is way higher than we expected.

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Thurs. 11 July 2024 Wolverine:

We are just about to start any time or any day now to pull the trigger for the green light so get ready. This is what we have been waiting for, for a very long time. The powers above are saying any time now for the Green Light.

This means the opera, Carpathia’s beautiful words, the video and trumpets of freedom will be posted. This will be quite an emotional moment for all you guys, especially when the notifications come through.

Some bond holder platform leaders have received notifications, and this includes the NDA they needed to sign and other things they need to do to get paid. There are bond holders that must go to a redemption center to cash in.

So this is it. There is no more than I can say. We are waiting.

The private contractors are getting paid. Pretorious is about to go.  Very soon, maybe today or tomorrow. I am quite excited for that to happen.

I will be traveling soon, but I must go.  You will not hear from me for a while.

I have a special guest today. I want you to listen to what she has to say. She is part of the Chinese Elders. Her name is Elizabeth Rodriquez Ruiz.

Ms. Rodriguez: First of all, my time here is morning, so good morning to all the Chosen Ones.  It is my honor to be one of your speakers with Mr. Wolverine and thank you for this opportunity.  Wolverine saw my YouTube interview and there are lots of things happening right now.

My Name is Elizabeth Rodriquez Ruiz. I was born in the Philippines, and I immigrated to the USA Guam in 1975, so it has been 45 years now of being a resident, but I still hold a Philippine passport. I was here in the Philippines since June 2019 before the lockdown, kind of like house arrest, as I could not get out because I did not have the vaccine and was isolated.

As I told Wolverine, I am the only legitimate Heir of the Rodriguez Trust. This Trust will fund all the projects in all the countries of the world. It all starts in July of 2024, this year. This is the time of year that will explode with redemption.

How does it work, start, when how and who. I told Wolverine when I was back in the USA in Las Vegas, NV that my sources told me it would always start in Reno.

Everyone will get toll free numbers to tell you where to go and what type of facility location you will go to.

The minute you start your paperwork you must sign your non-disclosure.

The money is now 1% mobilized and the rest of the 99% will be received later from the center in the Philippines.

When the time comes, they will have an inauguration in the Philippines. There will be a huge change in the country. It will be a royal monarchy.

After the inauguration the facilitation of account holders, including people from bankers and holders of all documents accounts and assets, will be entitled to get 10% of their share.

Being heir to the Rodriguez Trust, I am the sole executor and all accounts will be done by sole executor as I am the only redeemer to execute this.

This month of July of 2024 is the platinum Jubilee. All is in place still waiting for greenlight. We are looking at any time this week, or next week, but July will have the most incredible global explosion. Anytime soon now it will happen, it all must be willed from God, we cannot control it. If you are not part of the physical and spiritual it will not work.

WOLVERINE: I received an audio from a paymaster, not sure which one. The paymaster said to be patient as the green light is about to go.  This came in an audio.  That is good news.

MS. RODRIGUEZ: We wait for the green light.  I wish I could go now to the bank to trigger the light, to redeem, but when you look at this globally, there is a time that it is meant to happen.  But the war came with Russia, then things were delayed  – the time has to be properly prepared.  

Anytime soon – it can happen, tomorrow or tonight, remember we must never lose our hope and to have faith.  All this is for only the Chosen Ones, as you were chosen for this.  

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Thurs. 11 July 2024 Goldilocks: The Central Bank of Iraq is now testing their new Iraqi Dinar Rate on the Forex.

Wed. 10 July 2024 Jennifer Fallaw-Doering: “The bonds have been funded. Notifications are expected within a week. Exchange locations are preparing for the rush. I saw a man sitting at a desk watching a computer screen. I felt that they are making sure the program for notifications is safe and working correctly. People walking by around behind him. Someone asked in chat about the 100t Zim. I heard “3” and “ 7 zeros”. So expected rate still stands. Carry on.”

Thurs. 11 July 2024 MarkZ: “I’m hearing the same thing from all of my contacts – that everything is done and they are just waiting for the green light to go. That’s all of my contacts: Banks, Group and Bond leaders, Iraqi contacts, Military contacts – everything is done. They are waiting for the go. …The Prosperity Packages have already started paying out.”

Wed. 10 July 2024 Frank26 Call: Hawaii Airlines and certain hotels were now accepting the IQD. HCL is accomplished and is international.

Wed. 10 July 2024: Executive Order 1110 gave the US the ability to create its own money backed by silver. On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” DISCLOSED: President John F. Kennedy, The Fed and Executive Order 11110 – American Media Group (amg-news.com)

Thurs. 11 July 2024: The Currency Revolution: Nesara Gesara Law, ISO 20022 Wealth Transfer, QFS, GCR/RV, Gold-backed Currencies and Blockchain Exposed – The Untold Story! – American Media Group (amg-news.com)

Read full post here: https://dinarchronicles.com/2024/07/12/restored-republic-via-a-gcr-update-as-of-july-12-2024/

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

Nader From The Mid East  What's going on in Iraq is really really good.  Last month you see me talking about this month, about July.  I said from now to July 8th you'll get some good news and that's exactly what happened.  You see every proof of possibility to revalue or reinstate.  I think it's reinstatement more than revaluation.

RayRen98  SOURCES ARE SAYING "ATTEMPTS" AT THE RATE CHANGE HAVE BEEN MADE EVERY DAY THIS WEEK SO FAR...TECHNICAL ISSUES ARE BEING BLAMED...TIME WILL TELL...

Walkingstick  All the sales of oil are now in Iraqi dinars  and no longer in American dollars...The National Oil Company of Iraq will now receive the Iraqi dinars, through them, into the banks of Iraq for the GOI to use.  No foreign currency.  Nobody stealing foreign currency or their currency.  Security and stability is because of the control Sudani has.

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Foreigners Massively Dumping USD & Rushing To Gold | Alasdair Macleod

Liberty and Finance:  7-11-2024

Although many noticed the rising gold price over the past quarter, most do not realize that is a side-effect of savvy foreign holders of US dollars and bonds dumping the dollar, and not seeing a safe haven in Euros, Yen, or real estate, rushing into to gold as a safe haven asset.

They see the value of the US dollar is going down the drain. Regardless of the outcome of the election, the US national debt crisis is going to get worse, says Alasdair Macleod.

With foreigners massively dumping US dollars and US Treasuries, gold and silver "are the only protection you should consider," he says.

INTERVIEW TIMELINE:

0:00 Intro

1:25 Gold market

 29:30 US dollar & BRICS

35:30 Banking system

https://www.youtube.com/watch?v=7a7QINXAK9M

3 Real Assets Primed For Growth In The Coming Inflation Bonanza

3 Real Assets Primed For Growth In The Coming Inflation Bonanza 

Notes From The Field  By James Hickman/Simon Black 7-11-24

After today’s inflation report showing ‘only’ 3% inflation, the Federal Reserve is all but guaranteed to start slashing interest rates.

The Fed Chairman essentially promised as much to Congress earlier this week, and has warned that if they don’t start cutting interest rates soon, “we could undermine the [economic] recovery.”

These guys still don’t get it. At this point it’s not even about 3% inflation (which is still too high) or 2% inflation. It’s about prices going back down to pre-pandemic levels… or just lower in general.

But that’s just never going to happen. The Fed doesn’t care about price reductions; they’re happy with a slower rate of price increases… which is totally out of touch with what people want and need.

They’ve been itching to cut rates for months… almost desperate. And in large part that’s because they’re terrified about the US government’s insolvency.

The national debt is about to pass $35 trillion. And high interest rates mean that the annual interest bill this year will exceed the US military budget-- more than $800 billion-- for the first time in nearly 250 years of American history.

The Fed knows that they have to slash interest rates as quickly as possible. With ultra-low rates (like 1.5%), the interest bill on a $35 trillion national debt is manageable… as long as the federal government can rein in spending and stop the debt from growing further.

Of course there are two key problems with this thinking:

First, there is zero evidence that the government will rein in spending. If anything, they seem primed to spend even more. I’ve mentioned several times before that even the US government’s own budget forecasts project more than $22 trillion in additional debt over the next decade.

Second, slashing interest rates will most likely result in significant inflation-- just like we saw in 2021-2022.

We’ve written before how real assets are a safe haven from inflation, and I wanted to briefly discuss three real assets that look especially promising.

The first is physical gold and silver, which serve as a store of value-- especially during inflationary times.

Higher inflation will likely trigger a surge in demand, making the price of precious metals not only keep up with inflation, but exceed it.

But there is another reason why gold will do especially well the worse inflation gets.

The worse inflation becomes, and the worse the US national debt becomes, the more likely the US dollar will lose its spot as the dominant reserve currency. And central banks all over the world-- India, Poland, Singapore, etc. have been feverishly buying up physical gold over the past few years, most likely to prepare for that potential change.

So if inflation picks up, it’s a good bet that central banks will keep buying up gold-- and driving prices higher.

Gold mining stocks should also do extremely well in that scenario due to their exposure to gold prices.

What’s interesting right now, though, is that despite gold being near an all-time high, share prices of many gold mining companies are incredibly cheap.

That’s because central banks-- which have driven gold prices to record highs-- only buy physical gold bullion. They do not buy gold stocks.

However, while the price of gold has already increased substantially, the stock prices of many great gold miners has not.

This is because most of the current demand for gold is coming from central banks. And central banks only buy physical gold— not gold mining stocks.

This means that gold stocks are currently a bargain-- with a LOT of upside potential.

Last, US natural gas is another compelling real asset primed for huge growth.

Right now, natural gas prices in the US are dramatically lower than they are in Europe… and it’s easy to understand why: the US has some of the biggest natural gas reserves in the world, while Europe has almost nothing by comparison. (This is why Europe is so reliant on Russian gas).

And since Joe Biden has banned new LNG (liquefied natural gas) export terminals from the US, it’s difficult to move that US natural gas to Europe.

This is why prices in the US are less than $3, versus more than $10 in Europe. If US producers were free to export, prices in the US would rise, prices in Europe would fall, and the global natural gas prices would be more or less the same, similar to oil.

In terms of energy equivalence to oil, $3 per million BTU natural gas is the equivalent of paying around $15 - $20 for a barrel of oil. That’s cheap. And it means US natural gas is the most underpriced conventional energy commodity in the world.

But it probably won’t stay that way for long.

First, large tech companies, which are building massive, energy-hungry AI data centers, are also looking at putting in their own power plants… which will most likely be powered by natural gas.

Second, the new export terminal ban probably won’t last. There are lawsuits, legislation, and an upcoming election, any one of which could restart new LNG exports. When this happens, US natural gas prices could quickly rise.

In either case, natural gas producers stand to benefit substantially from higher prices. And it just so happens that shares of many of the best quality producers right now are laughably cheap, with low multiples relative to earnings, book value, and Free Cash Flow.

Looking at the overall investment landscape now, with many conventional stocks and indexes near all time highs, these three sectors strike me as some of the most promising investments for an inflationary environment.

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

https://www.schiffsovereign.com/investing/3-real-assets-primed-for-growth-in-the-coming-inflation-bonanza-151138/

More News, Rumors and Opinions Thursday PM 7-11-2024

TNT:

Tishwash:  this is what it looks like when they are there celebrating

Karbala suspends official working hours for these days

Today, Thursday, the holy Karbala Governorate announced a three-day official holiday, coinciding with the anniversary of the martyrdom of Imam Hussein, peace be upon him.

The provincial council stated in a statement received by “Iraq Awaz Yerfer” that “the council decided to suspend official work on Tuesday, Wednesday and Thursday, on the anniversary of the martyrdom of Imam Hussein, peace be upon him.”  link

Tishwash:  Iraq and the Inter-State Transformations in the Relationship with Washington

 Prime Minister Mohammed Shia al-Sudani was not seeking, during his recent visit to the United States, a media glare or a souvenir photo at the White House as much as he was seeking to bring about a qualitative shift in the relationship between Baghdad and Washington

A profound transformation in this relationship and to go beyond the stage of focusing on the security file that has dominated the relationship since 2003, and to move towards multiple partnerships in several fields. However, in the beginning, there is an urgent need to restore confidence between the two parties in a way that achieves the strategic interests of Iraq.

There are still sharp differences between the two parties, the most important of which is in the method of performance and management of files.

 It seems that Mr. al-Sudani seemed more willing to reach an understanding and present conditions that were not previously proposed in drawing up the relationship between the two parties, including financial guarantees for loans and other financial exchanges that were not clear in the exchange between Iraq and America. link

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

Mnt Goat   ...two main issues concerning the monetary policy...The first issue is about the cash outside of the banking system...that the percentage of cash outside the banking system reached 91%... they already told us they have plan to retrieve this money... as investors in the dinar...part of the 91% also includes our dinars. They told us this money is desperately needed in the banks...But how will they get ours, as investors? So, the answer is...the CBI will have to revalue the dinar enough to a significant level to get us foreign investors to run to the bank and turn it in.    Within Iraq, however it is much different and they only need to overcome the parallel market rate of the dollar and these notes will come flowing back in to the banks. This is also when they can begin the swap out to the newer lower denominations...  [Post 1 of 2....stay tuned]

Mnt Goat  The second is the reluctance of the US to allow the currency reform process to move ahead as the 3rd phase of the strategic plan calls for and is supposed to have already begun. But can it really begin without this measure? It is already a week into July and still the US has not given its confirmation as to the support they will give for this next part of the phase...there is not really much going on in the currency reform process...to indicate that the 3rd phase is started...One solution, as we learned, was for the three letter agencies to open the spigot and pour out the very good news about Iraq’s stability. Folks they are prepping for something really big in the very near future. They are trying to kickstart this 3rd phase of the strategic plan...  [Post 2 of 2]

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G7 Ultimatum: Saudi Arabia Threatens Western Debt Sell-Off Over Russian Asset Seizure

Sean Foo:  7-11-2024

In a sudden reveal, Saudi Arabia issued a warning to G7 in anticipation of the Russian asset seizure.

They warned of dumping EU bonds if the Western powers decided to go ahead with confiscating Russia's sovereign assets.

While this won't immediately crater the US or the European bond market, it shows the Middle East looking to de-dollarize their reserves and trade.

Timestamps & Chapters:

0:00 Saudi Arabia Warns The West

2:36 G7 Asset Seizure Backfires

5:26 Saudi De-Dollarization Risk

8:52 Western Debt A Financial Trap

11:29 Saudi Debt Dump Symbolic Disaster

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

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-11-24

Good Afternoon Dinar Recaps,

BIOMETRIC PASSPORTS BY GOOGLE

"Google Wallet is rolling out support for American biometric passports. Users scan their passport with Google Wallet to add it as an ID pass, and can then perform identity verification by connecting their phone to an NFC scanner or scanning a QR code generated by the ID pass. They are still recommended to carry a physical copy of their passport, however."

"Google Wallet also added support for 29 more banks to its payment feature in June, and is up to 170 added this year alone, indicating the focus remains on payments, for now. Mobile driver’s licenses from several states are already available in Google Wallet."

"In Europe, where member states are working towards launching interoperable digital wallets for all citizens, they will store national ID cards that function as travel IDs within the EU."

LIKE IT OR NOT THIS SEEMS TO BE THE DIRECTION THAT TECHNOLOGY IS TAKING US. ALL THE MORE REASON FOR LEGISLATION THAT PROTECTS THE PRIVACY AND SECURITY OF INDIVIDUALS.

@ Newshounds News™
Read more:  Biometric Update
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DONALD TRUMP IS SCHEDULED TO SPEAK AT THE ANNUAL BITCOIN CONFERENCE IN NASHVILLE IN JULY

"President Donald Trump has been officially announced as a speaker at Bitcoin 2024, the world’s largest Bitcoin conference, taking place in Nashville, Tennessee, July 25-27. This announcement marks a significant milestone for the event, which has earned a reputation for historic news and major industry announcements."

"With two U.S. Presidential candidates, Robert F. Kennedy Jr. and Donald Trump, both slated to speak, Bitcoin 2024 is poised to be a pivotal event, potentially shaping the future of Bitcoin and cryptocurrency policy in the U.S."

"In May, Trump said he would ensure that the future of Bitcoin and crypto will be made in the USA, while also promising to protect the right to self-custody to the nation's 50 million crypto holders, if elected president."

WE'RE SEEING A DISTINCT DIVIDING LINE POLITICALLY IN THE STANCE OF REPUBLICAN VERSES DEMOCRAT IN REGARDS TO BITCOIN AND THE FUTURE OF CRYPTO LEGISLATION

@ Newshounds News™

Read more:  Bitcoin Magazine

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BRAD GARLINGHOUSE COMMENTS REGARDING THE LAWSUIT AGAINST RIPPLE

"As many have noticed - and some have already pointed out - there have been numerous misleading and some factually inaccurate headlines describing the decision made by a California judge yesterday in the class action lawsuit about XRP. (I’m happy to see some correcting them - I wish I could tag / link them all here)
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To be absolutely clear, this is a big win – all class action claims in the suit were DISMISSED, and absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security (per the NY Court decision). The CA ruling dismissed all allegations that Ripple had somehow violated federal securities law by selling XRP.

As for the single state law claim that will now be scheduled for trial: the sole plaintiff didn’t buy XRP directly from Ripple and can’t say if he even heard the statement before he traded and only owned a couple hundred XRP. This was a clear example of the trolls that unsuccessfully tried to take advantage of the US legal system and distort statements to seek 100’s of millions in class action settlements."

@ Newshounds News™

Read more:  BGarlinghouse

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UNISWAP LABS PRESSES SEC TO DROP RULES REGARDING DECENTRALIZED EXCHANGES

"Since at least April 2023, the SEC has proposed expanding the definition of what qualifies as an exchange in the Exchange Act of 1934 — explicitly arguing that it should include crypto market participants in DeFi. Uniswap has been among those arguing against it. In a July 9 letter, Uniswap added further arguments following a comment letter it sent last month, calling for the SEC to drop its proposed amendments. "

"Its new argument is that with the Chevon decision — made during the Loper Bright Enterprises v. Raimondo Supreme Court case on June 28 — courts are no longer required to defer to federal agencies to interpret ambiguous laws. Uniswap said this means the SEC will be merely wasting “limited resources” trying to get the definition of “exchange” amended, which had already been “likely to draw, and unlikely to survive, a judicial challenge” even before the Chevron decision. "

"“For all of these reasons, the Commission should not adopt the proposed amendments,” said Uniswap. “The Commission drafted the proposed amendments against a legal backdrop that no longer exists.”

@ Newshounds News™

Read more:  Coin Telegraph

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Fideum FI
Integration of traditional finance and the digital asset ecosystem

Introduction
Fideum is a fintech company focused on accelerating the digital transformation of financial institutions, banks, and small—to medium-sized enterprises (SMEs) through its eponymous blockchain infrastructure. With the strategic backing of Mastercard Europe and a recent win at the Mastercard Lighthouse program, Fideum aims to position itself as a reliable partner for entities seeking to delve into and capitalize on digital assets.

Founded in 2018, the project initially made waves with its non-custodial mobile wallets, amassing a user base of over 80,000.

In response to the 2022 bear market, Fideum pivoted towards serving institutional clients, developing white-label solutions that cater to high-net-worth individuals and larger entities. This shift, leveraging existing infrastructure, led to profitability by 2023 and cemented Fideum’s position as a fintech innovator, continually adapting to market needs and regulatory landscapes.

This report delves into Fideum’s market, technology, tokenomics, team, partnerships, audits, roadmap, and the risks and opportunities it faces.

Technical specifications:
Fideum’s technical stack is designed to provide security and scalability. The platform has a microservice architecture that ensures flexibility and modularity, allowing for various services to be incorporated seamlessly.

—Backend technologies: The core backend is developed using Java OpenJDK 17, with Spring Boot and Hibernate to streamline development and manage database interactions.

—Frontend technologies: The web and mobile user interfaces are built using React and Expo, with Firebase providing real-time database and authentication services. TypeScript enhances code quality and maintainability.

—Blockchain infrastructure: The platform supports ERC20, BEP20, and TRC20 standards, ensuring compatibility with major blockchain networks such as Ethereum, BNB Chain, and Tron.

—Smart contracts: The use of smart contracts automates transactions and agreements, reducing the need for intermediaries and enhancing efficiency.

—On-chain monitoring solutions: Fideum provides real-time insights into blockchain transactions and activities, allowing for proactive monitoring of suspicious activities.

—Database management: PostgreSQL is used for data storage and management.

—Additional technologies: Kafka is used for real-time data processing, and Minio provides scalable storage for unstructured data.

@ Newshounds News™

Read the full Report Here:  Crypto Slate

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European stablecoin market declines under newly imposed MiCA rules.
Stablecoins trading momentum have slowed amid a broader crypto market downturn.

The market capitalization of European stablecoins declined in June due to the implementation of the Markets in Crypto-Assets (MiCA) regulation, according to CCData’s latest stablecoin report.

The market cap of Euro-based stablecoins fell by 2.51%, hitting a seven-month low of $307 million, the lowest since November 2023. During this period, Tether’s EURT stablecoin’s market cap dropped by 26%, mainly due to delistings from major exchanges like Bitstamp.

CCData noted that MiCA’s implementation spurred interest in stablecoins that comply with local laws. MiCA, the EU’s comprehensive crypto regulation package, was recently enacted. It allows firms licensed by one member state to operate throughout the EU.

However, stablecoin issuers like Tether have criticized the rules for their stringent requirements, such as limits on trading volumes for certain stablecoins.

Despite these challenges, several issuers and their stablecoins, including Circle’s USDC and EURC, Societe Generale’s EURCV, Monerium’s EURe, Membrane’s EUROe, and Quantoz’s EURD, are recognized under the law.

Stablecoins volume fall

In June, the global stablecoin market cap rose by 0.53% to $161 billion, marking a nine-month growth streak and the highest stablecoin market cap since April 2022.

CCData said:

“Stablecoin market dominance is currently at 6.83%, rising from 6.22% in May. The increase in the stablecoin dominance highlights the negative price action of digital assets, with Bitcoin and Ethereum retracing the gains made following the surprise approval of spot Ethereum ETFs in the US.”

Despite the growth, stablecoin trading momentum has slowed amid a downturn in the digital asset market.

Stablecoin trading volume on centralized exchanges fell by 18% to a seven-month low of $907 billion in June. Similarly, on-chain transfer volume decreased for the second consecutive month by 7.5% to $1.8 trillion, the lowest since February 2024. This decline aligns with ongoing bearish market sentiments.

The report also highlighted that USDC had the highest on-chain transfer volume in June, surpassing USDT and DAI.

CCData stated:

“Among the top five stablecoins on Ethereum, USDC leads with $786 billion in on-chain transfer volume, representing 43.6% of the market share. USDT and DAI follow with transfer volumes of $616 billion and $334 billion, accounting for 34.2% and 18.5% of the volumes.”

@ Newshounds News™

Read more:  Crypto Slate

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CENTRAL BANK OF IRAQ (CBI) INTERESTED IN FURTHERING THEIR POSITION ON E-REGULATION

"Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), chaired a meeting on the regulation of e-commerce in Iraq, with participation from relevant authorities.

The meeting discussed controls and consumer protection measures, focusing on registration procedures and obtaining licenses for e-commerce activities.

The committee defined service providers and established a licensing process through an electronic platform to be developed by the Ministry of Commerce. Committee members emphasized the importance of licensing regulations to safeguard all parties involved in e-commerce."

@ Newshounds News™

Read more:  Iraq Business News

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FTC MAKES A STATEMENT ON CRYPTO AS ASSETS ENTER NEW PHASE

"The chairperson of the U.S. Commodity Futures Trading Commission (CFTC) Rostin Behnam is warning that the crypto industry is likely to face more headwinds from regulators over the coming months.

Speaking at the 2024 Milken Institute Global Conference, the CFTC chair says that the crypto industry will “probably see in the next six to 18 months or six to 24 months another cycle of enforcement actions” amid “asset appreciation and [renewed] interest by retail investors.”

"Without a regulatory framework, without that transparency, without those tools that we typically use as regulators, you are going to continue to see this fraud and manipulation.

And putting aside the legitimacy and where this technology may go and what role it might play in our economy and commerce, the internet, digital assets generally… we just have to think about things from a regulatory and consumer protection standpoint. And I think that needs to be our guiding light in terms of driving this conversation, filling these regulatory gaps and creating this framework that’s ultimately going to protect American investors.”

IF CRYPTOS ARE CLASSIFIED AS COMMODITIES INSTEAD OF SECURITIES, THEY WOULD FALL UNDER THE AUTHORITY OF THE CFTC INSTEAD OF THE SEC

@ Newshounds News™

Read more:  Daily Hodl

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“Tidbits From TNT” Thursday 7-11-2024

TNT:

Tishwash:   Al-Sudani reviews Rafidain Bank reform procedures with Ernst & Young

Prime Minister Mohammed Shia Al-Sudani held a special meeting on Wednesday to develop the work of government banks , in the presence of representatives of Ernst & Young for auditing and financial consulting.

Al-Sudani was briefed, according to a statement published by his media office, on the "technical and administrative procedures related to the Rafidain Bank development project, which were taken during the period following the signing of the contract with the company specialized in structuring and developing work in the banking sector."

Al-Sudani stressed, "The need to continue intensive meetings between the Supreme Committee concerned with the project, which includes the Central Bank of Iraq and government banks, and the consulting company, in order to resolve all matters related to developing the work of Rafidain Bank."

The statement indicated that "the Rafidain Bank development plan includes a comprehensive review and evaluation of the bank's work, and implementing structural administrative reforms, aiming to provide a package of integrated banking services to citizens and companies, relying on advanced electronic programs, modern technology in all banking transactions, optimal use of human and technical resources, and transition to automated work, which helps the bank's ability to meet global banking requirements." link

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Tishwash:  A representative accuses America of obstructing Iraq's economic openness to the countries of the world

Today, Wednesday, Deputy Chairman of the Parliamentary Economics Committee, Yasser Al-Husseini, accused the United States of America of obstructing Iraq's economic openness to the countries of the world. 

Al-Husseini said in an interview with the Maalouma Agency, “The United States of America stands against Iraq's economic openness to the countries of the world, indicating that America has contributed greatly to preventing international companies from coming to Iraq.” 

He added, "America stands as a stumbling block in the way of the growth of the Iraqi economy," noting that "what Iraq has reached is due to American interference in internal affairs."

He continued, "America does not want Iraq to be at the forefront of economically developed countries."  link

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Tishwash:  Economic: The ambiguity of the Central Bank's dealings serves the Americans

Today, Wednesday, economic expert Mustafa Hantoush revealed the existence of ambiguity in the Central Bank's dealings, behind which there are intentions that serve American interests. 

Hantoush said in a statement to the Maalouma Agency, “The absence of weekly bulletins on the distribution of the dollar from the Central Bank has made the process of selling the dollar more ambiguous,” noting that “the ambiguity in the Central Bank’s recent dealings regarding the file of distributing the dollar.” 

He continued, "The confusion in the work of the Central Bank enabled the American side to eliminate Iraqi banking by introducing foreign banks and granting them privileges in the country," pointing out that "80% of the dollar is distributed to foreign banks operating in Iraq in a step called presenting banking work on a platter." Who went to America and foreign banks? 

It is noteworthy that the Central Bank authorized the work of three exchange companies inside airports, neglecting hundreds of companies in a decision that many considered a flop, which resulted in the decision increasing the US exchange rate against the Iraqi dinar to more than 150 thousand dinars . link

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Tishwash: For the first time, the Iraqi state's non-oil revenues record an increase of 11%

The "Iraq Al-Mustaqbal" Foundation for Economic Studies and Consultations announced on Thursday that for the first time, the non-oil revenues of the Iraqi state recorded 11% of the total revenues, with oil revenues falling below the 90% barrier.

A report issued by the institution today stated that non-oil revenues for the first five months of the current year amounted to 6.24 trillion Iraqi dinars, while oil revenues for the same period of the current year amounted to 48.4 trillion Iraqi dinars.

According to the report, tax revenues on income and wealth increased by 118%, while revenues from commodity taxes and production fees increased by 285%.

The institution's report indicated that fee revenues increased by 50%, while oil revenues increased by 6.4%.

The continued reliance of the Iraqi state on oil as the sole source of the general budget is a dangerous matter in the face of global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, which thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.   link

**

Tishwash:  Revealing the volume of trade exchange between Iraq and Saudi Arabia

 The Saudi-Iraqi Business Council estimated the volume of trade exchange between the two countries at 5 billion riyals, with an annual growth of 12%, according to the head of the council, Mohammed Al-Khorayef.

The council stated in a report that the council is working to develop Saudi investments in Iraq, in conjunction with the interest of the private and governmental sectors in the Kingdom in investing in Baghdad.

It indicated that Iraq is preparing to propose a law to protect Saudi-Iraqi investment and discuss it before Parliament in preparation for its approval in the coming few months, to enhance economic cooperation between the Kingdom and Iraq, according to a statement issued by the Federation of Saudi Chambers.

In December of last year, Saudi Arabia and Iraq signed a partnership agreement in the field of private sector industrial investments, at a time when the Kingdom’s ambassador at the time confirmed that there were many investment opportunities being studied.

Last November, Saudi Minister of Investment Khalid Al-Falih also announced that the Kingdom is studying the launch of the first free economic zone with Iraq, in the border area in Arar, expressing his hopes that the zone would be the first free economic zone with a neighboring country without taxes, fees or entry visas to serve investors in both countries.

5 billion Saudi Riyals equals 1,333,082,700.00 US Dollars  link

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Mot:  ... Lets go Deep Sea Diving!! -- It will beeeee Fun they Said!!!! 

Mot:  .. the Patient Fisherman!!! 

News, Rumors and Opinions Thursday AM 7-11-2024

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 Thurs. 11 July 2024

Compiled Thurs. 11 July 2024 12:01 am EST by Judy Byington,

Judy Note: Wed. 10 July began the Global Debt Jubilee, although many felt it was a no news day – at least none that was revealed to us.

Wolverine knew it was the long waited for Debt forgiveness day. He posted in his room that notifications for exchange appointments for the Global Currency Reset of 209 nations commenced on that Wed. 10 July evening, with at least some liquidity expected to be available on Mon. 15 July. BQQQM!!! The Debt Jubilee Begins July 10th! Prepare for the Revolution! – American Media Group (amg-news.com)

Also on late afternoon Wed. 10 July we received news that there was a Stock Market Crash Alert for the next day, Thurs. 11 July.

Thurs. 11 July 2024: Stock Market crash alert – Mark calendars for July 11 https://investorplace.com/2024/07/stock-market-crash-alert-mark-your-calendars-for-july-11-2/

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

Global Currency Reset:

Wed. 10 July 2024 Wolverine: A note Wolverine placed in the Chosen One Room: “Today I was told that notifications will commence today. Please check your emails.”

Wed. 10 July 2024 Wolverine News Bulletin Report to Mr. Helders, Ruben Baz: “I just found out that Reno will begin the trade today (Wed. 10 July). Europe will follow tomorrow (Thurs. 11 July) and payments will begin on Mon. 15 July. Please pray that there are no further delays. The 12 platforms will open tonight (Wed. 10 July) in Reno and tomorrow (Thurs. 11 July) the six platforms in Zurich. Contracts will be sent over the weekend and money to spend on Mon. 15 July. 1 billion Sow letters sent on Tuesday 16 July and sovereign buyers begin on Wednesday 17 July.”

Reno is imminent, and we are just about to cross the finish line and will start releasing funds soon. They are having a big meeting tomorrow.  We will know when it happens.

I have been told the Codes are inserted, already locked in. It is imminent now that we will be blessed. 

I cannot tell you the rest as it is confidential, but for you, just know to get ready. This is coming right from the top. All is coming to fruition as we have dreamed for many years.

I am going overseas pretty soon – I cannot tell you where. I will be out of the picture for a while. I cannot tell you more. God bless you and just get ready as that Green Light is just around the corner.

I am much better with no pain, now. Thank you for all the private messages worrying about my health. I was just waiting to get that Intel I needed to get this news to you.  Have a beautiful day! Take care, Wolverine

Wed. 10 July 2024 MarkZ: “It is busy on the Bond side, but no one is talking. A number of my Bond Holder contacts have gone quiet. One said he was told he would be liquid this week.” Sat. 6 July 2024: “More and more sources are telling me that serious money movement and us moving towards the banks somewhere around the weekend of Fri. – Mon.  12th-15th. No one knows the exact timing but they are certainly preparing lots of bank contacts for that time period.”

Wed. 10 July 2024 Frank26 Call: Hawaii Airlines and certain hotels were now accepting the IQD. HCL is accomplished and is international.

Tues. 9 July Bruce, The Big Call: “I was told that this was the week for this to go and one of our sources said this should be our week.

Wed. 10 July 2024 Debt Jubilee: BQQQM!!! The Debt Jubilee Begins July 10th! Prepare for the Revolution! – American Media Group (amg-news.com)

Global Financial Crisis:

Wed. 10 July 2024: BREAKING: There is a Major Crash Coming on Real Estate | RLUSD, Ripple Stable Coin | The Quantum Financial System | Digital Assets and Frequency Healing Devices (video) – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/07/11/restored-republic-via-a-gcr-update-as-of-july-11-2024/

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

Frank26   Sudani made it very clear to the Iraqi citizens he was going to add value to their currency this year.  We're talking about the year 2024...They go by a fiscal calendar...Iraq goes from January 1st to December 31st.  

Militia Man  Probably shortly you'll find that Iraq is going to do something with their exchange rate to be IMO an IMF Article VIII complaint exchange rate that will be openly traded on Forex...    

Nader From The Mid East  Lots of things happening...I see good news coming up this week so stay tuned...What's happening now it's good.  I can say we are very close.   

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

Exchange Rates & Three Major Shifts That Could Affect IQD Investors

Edu Matrix:  7-11-2024

Exchange Rates & Three Major Financial Shifts That Could Affect IQD Investors - We must navigate between Iraq and the US before we can turn IQD banknotes into US Dollars.

https://www.youtube.com/watch?v=3rLwaL6b6Ik

BRICS Ended Use of the Dollar: What Comes After?

Wealth Insights:  7-11-2024

Discover the concept of "de-dollarization," a strategy aimed at reducing reliance on the US dollar in global trade and finance.

 While the term has been discussed for decades, its significance has grown amidst geopolitical shifts and economic strategies by nations worldwide.

 Join us as we delve into the growing movement among BRICS+ countries to decrease their dependency on the US dollar.

Explore the motivations driving these decisions and gain insights into the economic tactics employed. We'll also highlight specific initiatives within the BRICS+ alliance, showcasing steps taken to diversify global trade currencies and reshape international financial systems.

https://www.youtube.com/watch?v=n0amiIBb4Yg

Boots On The Ground In The World’s Bitcoin Paradise

Notes From the Field  by James Hickman July 10, 2024

[Editor’s note: This letter was written by Schiff Sovereign’s CEO, Viktorija Simulynaite, who is on the ground in El Salvador.]

The first thing my driver said to me after I got off the plane in El Salvador was, “Welcome to my country. It’s very safe here now.”  I chuckled to myself because this seemed like such an odd greeting. But the more time I spent mingling with locals in El Salvador, the more it made sense.

The transformation that has taken place in the country over the past five years cannot be overstated.

Five years ago El Salvador had one of the highest murder rates in the world. It was basically a war zone. Gangs such as MS-13 and Barrio 18 were far more powerful than the government, and they enforced their own laws in their respective territories, sort of like the Taliban in Afghanistan.

The country’s young president, Nayib Bukele, put an end to all that when he was elected in 2019.

Bukele invoked emergency powers and arrested more than 100,000 suspected gang members, then shipped them off to a special prison far away from the rest of society. In a country of 6.3 million, that amounts to over 1.5% of the entire population that’s now locked up.

It was a controversial move to say the least… and I wonder about innocent people who may have been wrongfully imprisoned.

But El Salvadorans seem quite happy with the results; today their country boasts a lower homicide rate than anywhere else in the Western Hemisphere aside from Canada.

Simultaneously, El Salvador also put itself on the map by being one of the first countries in the world to get behind crypto; they even made Bitcoin legal tender and passed a number of pro-crypto tax incentives.

Those are pretty much the two things that El Salvador is known for these days– putting tens of thousands of criminals in jail, and Bitcoin.

But I was pleasantly surprised to find out that the country has so much more going for it.

This was a place that was scraping the bottom of the barrel just a few years ago. Even aside from the crime problem, the economy was in the dumps. Corruption and bureaucracy ruled the day, and debts were rising.

In just a few short years, however, El Salvador has managed to turn itself around, and the economy has taken off.

It’s not an accident. The government has slashed bureaucracy and established a number of incentives to bring in foreign capital and businesses.

One is the recently passed International Services Law, which offers significant tax incentives to service-based businesses, similar to Puerto Rico’s famous Act 60.

El Salvador’s law, though, is perhaps even more generous than Puerto Rico’s because it includes exemption for import duties, income taxes, municipal taxes, and more.

Service industries like call centers, data centers, software development, and other back-office services are starting to be growing industries in El Salvador, and I met a number of foreign entrepreneurs who are starting businesses in the capital.

Foreign investment is flowing in, and you can see construction projects everywhere– the capital city is quickly becoming sleek and modern, and it completely defied my expectations. Even the restaurant scene is really great.

More importantly, there’s an optimism in El Salvador– one that I haven’t seen in Europe and North America for a long time. People feel like the worst days are over and the future will continue to be much brighter.

Now, all that said, I’m not trying to suggest that El Salvador is some perfect paradise or that anyone should move their business there. I’m really writing about it as a sort of case study.

We talk a lot about how governments and politicians and “inspired idiots” wreck their economies. They rack up massive debts and engineer painful inflation and higher energy prices… and generally make things worse with their every move.

But it’s fair to point out that sometimes governments do smart things. And El Salvador is a great example.

They knew they had to figure out how to turn their economy around. And rather than go down a destructive rabbit hole of wage and price controls, which are standard approaches for bankrupt nations, El Salvador’s government got out of the way and is allowing the free market to blossom.

The one thing they have done very deliberately is market themselves.

Advanced western countries don’t do this. Joe Biden doesn’t travel the world pushing foreign nations to invest in America. Rather, he takes America’s standing for granted and simply assumes that everyone wants to invest there.

El Salvador is a tiny country plagued by a bad reputation for its past challenges.

But rather than let that reputation fester, its leaders are hustling to promote their country all over the world with a clear message: El Salvador is open for business.

It’s fascinating to watch such a positive transformation unfold for an entire nation in real time– and to see politicians deliberately do the right things to foster economic growth.

Given how many Western countries are rapidly deteriorating from their own idiotic political decisions, El Salvador is an obvious example of how much better things could be if reason and sanity were restored in government.

Imagine what the US would look like if politicians were actually cooperating and hustling to bring in new business, to make smart investments, to embrace capitalism, or even to simply rein in spending and slash bureaucratic waste…

We’re planning a boots on the ground trip to El Salvador for members of our Total Access group (i.e. our highest tier premium members at Schiff Sovereign). It’s going to be pretty great.

We’ll be meeting with senior officials and business leaders and checking out, firsthand, what’s going on in the country so that our members can see the transformation for themselves.

We’ll also eat at some of the country’s nicest restaurants and tour the beautiful countryside. And we might even leave with an investment or two.

(We’ve already had Total Access trips to places like Cuba, Singapore, the Republic of Georgia, Uzbekistan, and more, so El Salvador fits perfectly.)

If you’re interested in joining or finding out more about Total Access -- click here to read more about it. We’ll be opening enrollment soon.

To your freedom,   Viktorija Simulynaite   CEO, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/boots-on-the-ground-in-the-worlds-bitcoin-paradise-151131/

Is the Global Financial System Collapsing?

Wall Street Silver: Is the Global Financial System Collapsing?

7-9-2024

The global financial system is a complex and interconnected web of institutions, markets, and regulations that facilitate the flow of funds and trade between countries.

Over the past few decades, this system has undergone significant changes and challenges, from the 2008 financial crisis to the COVID-19 pandemic.

 These events have led many experts and investors to wonder if the global financial system is on the verge of collapse, and what the potential impact on precious metals, like silver and gold, might be.

Gold and silver prices often act as a barometer for global financial uncertainty. As the stability of the global financial system comes into question, investors might seek out safe-haven assets like precious metals, driving up demand and prices. Here are a few potential scenarios:

1. Gold as a safe haven: Gold has long been considered a safe-haven asset due to its intrinsic value, scarcity, and history as a store of wealth. During periods of global financial instability, investors tend to shift their assets to gold, pushing up its price and providing a buffer against potential losses elsewhere.

2. Silver as an industrial and safe haven metal: Silver has dual demand drivers, as both an industrial metal and a safe-haven asset. Its use in various industries, such as electronics, solar panels, and medical equipment, fuels industrial demand. Meanwhile, its status as a safe-haven asset, similar to gold, results in increased investment demand during times of global financial uncertainty.

3. Increased volatility: Given the uncertain future of the global financial system, silver and gold prices could experience increased volatility. This can provide opportunities for investors to profit from price swings but also carries higher risk.

The global financial system’s stability is a cause for concern, given rising debt levels, systemic risk, economic imbalances, and regulatory weaknesses. In such an environment, investors should monitor precious metal prices, particularly gold and silver, as they often act as a safe haven during periods of financial instability.

While there are risks associated with this increased volatility, there are also opportunities to profit from price movements. As always, investors should conduct thorough research, assess risk tolerance, and consult with financial advisors before making any significant investment decisions.

https://youtu.be/elCX25v9eA4

More News, Rumors and Opinions Wednesday PM 7-10-2024

TNT:

Tishwash:  Details of Iran-Russia local currency swap agreement

The deputy governor of the Central Bank of Iran said that the national currency swap agreement concluded between the central banks of Iran and Russia contributes to strengthening the ruble and the rial and excluding the dollar from mutual settlements.

Mohsen Karimi explained in statements published by Tasnim News Agency that the monetary agreement concluded between the Iranian and Russian central banks represents a channel for exchanging money between the two countries, and this is the approach followed to eliminate the dollar and mitigate the risks of sanctions.

He pointed out that "this measure is not subject to sanctions, and any sanctions will not affect the national currencies of the two countries."

The Deputy Governor of the Central Bank of Iran said: The transactions of the monetary agreement between the two countries and card payments for travelers have been completed, and this agreement will come into effect as of the coming weeks, while card payments will start as of the end of August.

“This will be a good incentive for Iranian exporters to trade with Russia,” Karimi added.

He pointed out that currency swap is a tool through which both parties can obtain liquidity in another country's currency without having to buy it in the currency market.

He said: The Iranian Shatab network will soon be connected to 11 neighboring countries and member states of the Eurasian Union, such as Egypt.

The Iranian official concluded: For more than a decade, the Central Bank has been issuing dollar bills to Iranian travelers. But a new step has been taken, through which we will move to pay the same currency share with the same countries through their bank card. For example, a traveler who applies for travel currency from a Russian ATM can get rubles equal to his currency share and deduct rials from his account.  link

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

Tishwash:  Foreign Minister Fuad Hussein arrives in Washington

Foreign Minister Fuad Hussein arrived in Washington today, Wednesday, to participate in the NATO Summit 2024

His media office stated in a statement received by {Euphrates News}, that "the latter arrived in Washington to participate in the NATO Summit 2024, which will be held from July 9 to 11. This participation comes at the official invitation of the Iraqi government on the occasion of the 75th anniversary of the founding of the alliance." 

The summit will discuss a range of important issues, including global security challenges and military cooperation.

The summit will be attended by a number of heads of state and government from NATO and international partners.  link

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

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

Militia Man  I think when they say, "Whose operations are constantly expanding in favor of dealing at the fixed official exchange rate", is an argument suggesting that instead of being a floating currency...they're leaning towards a fixed official exchange rate for some time...

Frank26   I think Sudani is in control of the monetary reform.  I think he has security and stability and I think the international world knows it.  I think all the three letter agencies are in cahoots...with the CBI...GOI to go ahead and launch the new exchange rate...I think the exchange rate is either going to float at a fixed rate or it's going to float at a low rate then take some time to grow and be capped.  If it's fixed at an RI rate then you know it's not going to float very much because the distance between $3.22 to...where they want to cap it it's not that far and the demand will allow the gap to be reached very quickly.  If it comes out at $3.22 you think I'm gonna wait around for a float?  No.

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

Iraq's Banking Overhaul: Restructuring & Mergers Explained

Nader: 7-10-2024

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

 $300 BILLION WARNING: Saudi Arabia Warns G7 Against Stealing $300B in Russian Sovereign Assets

Lena Petrova:  7-10-2024

https://www.youtube.com/watch?v=XkR5EUr4_L4

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-10-24

Good Afternoon Dinar Recaps,

IS THE US MILITARY CONSIDERING BLOCKCHAIN ADOPTION?

"The United States Senate Committee on Armed Services has taken a significant step towards integrating advanced technology into national defense. As part of the fiscal year 2025 National Defense Authorization Act (NDAA) report, the committee has directed Secretary of Defense Lloyd Austin to investigate potential applications of blockchain technology within the military. This directive, issued on July 9, focuses particularly on enhancing supply chain management and strengthening national security."

"Secretary Austin is required to provide a briefing by April 1, 2025, outlining plans for blockchain integration in national security applications. The briefing must address pilot programs, benefits and risks, current adoption in industry and by foreign countries, and implementation feasibility."

"This move coincides with growing political interest in cryptocurrencies. The Republican National Committee recently included support for Bitcoin mining and digital asset self-custody in its draft policy platform. This development signifies increasing recognition of blockchain and cryptocurrency technologies in U.S. government and military planning, potentially shaping future national security strategies."

@ Newshounds News™

Read more:  CoinGape

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MICA REGULATIONS GAIN TRACTION IN ITALY

"The Bank of Italy is preparing to implement the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulation. Notably, this significant move aims to preserve the smooth functioning of the payment system, according to recent reports. Besides, the upcoming guidelines by the bank will clarify how the new rules will apply, signaling a transformative phase for Italy’s crypto market."

"Besides, this strategic move by the Bank of Italy underscores its commitment to integrating crypto assets into the traditional financial system. By implementing MiCA, Italy aims to create a regulated and secure environment for crypto transactions. The guidelines will provide clarity and direction for market participants, fostering confidence in the evolving digital asset landscape."

WHERE DOES THE US STAND WITH CRYPTO REGULATION? There seems to be a lagging behind in the United States compared to the rest of the world.

@ Newshounds News™

May I go in

Read more:  Coin Gape

~~~~~~~~~

STABLECOINS GAINING ACCEPTANCE IN THE PHILIPPINES

"Gaming-centric sidechain Ronin announced Monday the launch of the first Philippine peso-pegged stablecoin on its network. "
“Over 80 million Filipinos transact online using the Philippine Peso, but the financial infrastructure available is often slow and expensive. That’s why Coins.PH is launching PHPC on Ronin,” Ronin said."

"PHPC’s launch comes as the Philippines prepares to introduce a crypto regime. The country’s Securities and Exchange Commission said in May that it would be ready by the second half of this year."

 @ Newshounds News™

Read more:  Daily Coin

~~~~~~~~~

JANET YELLEN ADMITS TO DE-DOLLARIZATION

"When US Treasury Secretary Janet Yellen on Tuesday testified before the House Financial Services Committee, she said that one of her concerns is how best to protect the international status of the US dollar as US financial sanctions have pushed more countries seek alternative financial transaction methods that do not involve the US dollar, VOA reported."

 "The remarks from Yellen have shed light on growing concerns regarding US dollar hegemony. Experts believe that the weaponization of the US dollar will reduce its dominance as the world moves toward local currency settlements and accelerate policies to facilitate de-dollarization. China and other countries are actively promoting local currency settlements and multilateral cooperation, offering more choices and possibilities for the global financial order."

"For a long time, the US has abused its dollar hegemony, shifting domestic crises and harvesting global wealth by damaging the economic and financial stability and well-being of other countries. It is also used as a tool to impose financial sanctions, isolating other countries from the dollar payment system."

"In June, Saudi Arabia joined a central bank digital currency initiative for international trade, which may set the stage for wider local currency payments for oil trade between China and Saudi Arabia and reduce the reliance on the US dollar."

@ Newshounds News™

Read more:  Global Times

~~~~~~~~~

WHOLESALE CBDC's ARE GAINING GROUND IN INTERNATIONAL TRADE

"Last week China’s President Xi Jinping visited Kazakhstan.  The Chinese government reported that the country supports Kazakhstan becoming a member of BRICS and President Xi penned an article in a Kazak newspaper. The National Bank of Kazakhstan and the People’s Bank of China signed a memorandum of understanding to cooperate on digital currency"

"Last October China signed a similar agreement with the UAE and used the digital renminbi to settle a crude oil transaction later that month. The UAE is also a founding participant of mBridge the cross-border central bank digital currency (cross-border CBDC) project where China developed the technology. Additionally, the UAE was the first to execute a live transaction on mBridge, making a Dirham 50 million ($13.6m) payment to China in January."

"The National Bank of Kazakhstan is not a participant in mBridge but is an observer on the project, alongside another 22 central banks. The country has been working on CBDC, with plans to go live next year. When it released a status report last year it said the initial focus was retail CBDC for consumer transactions with a clear path to production. However, it said it was researching wholesale CBDC and its use for interbank settlements and cross border payments."

@ Newshounds News™

Read more:  Currency Insider

~~~~~~~~~

WILL THE US HAVE A CBDC AND IF SO WHAT WILL IT LOOK LIKE?

Newshounds News has been reporting on CBDC's and their implementation around the world but the United States has yet to introduce either a wholesale or retail version.

"A U.S. central bank digital currency (CBDC) would be a tokenized and blockchain-based version of the U.S. dollar, maintained and issued by the Federal Reserve. This form of digital fiat money would be similar to cryptocurrencies in that a blockchain would be used, but a CBDC would be regulated by the Federal Reserve, recognized as legal tender, and backed by the full faith and credit of the U.S. government."

"The United States doesn't yet have a CBDC as of 2024, but it's important to understand the concept with this option under discussion, as well as the benefits and risks attached and steps taken so far."

"Fiat currency is a government-issued currency that's not backed by a physical commodity such as gold or silver. It's backed by the government that issues it. This type of money is the dominant means of making transactions in most countries. People use it to facilitate the exchange of goods and services in an economy. Generally, a country's central bank issues fiat currency for the nation's use. The Federal Reserve plays this role in the U.S."

"A U.S. CBDC would serve as a complement to existing central bank reserve account balances and widely used fiat currency. As a bonus, it should provide a medium for executing instant and seamless cross-border transactions. "

WHAT US CITIZENS ARE LOOKING FOR IS A CBDC THAT'S BACKED BY GOLD AND NOT THE FIAT DOLLAR.

@ Newshounds News™

Read more:  Investopedia

~~~~~~~~~

JANET YELLEN SAYS TREASURY NOT RESPONSIBLE FOR 'QUARTERBACKING' BETWEEN SEC, CFTC OVER CRYPTO RULES

"Yellen also responded to questions about concentrated risk and Russia potentially bypassing US sanctions via crypto and stablecoins."

"US Secretary of the Treasury Janet Yellen said the Treasury is not responsible for ‘quarterbacking’ between the CFTC and the SEC regarding their opposing positions toward crypto regulation."

"Yellen made the statement during a July 9 hearing before the House Financial Services Committee."

Opposing positions

"House Financial Services Committee Chairman French Hill said that the SEC and CFTC have taken opposing legal positions in federal court on crypto and asked if the Treasury’s Financial Stability Oversight Council (FSOC) is working to unite the two regulators."

"Hill said the council is “supposed to quarterback for financial risk.” However, Yellen disagreed, stating:

“It’s not the job of the Financial Stability Oversight Council to adjudicate.”

She noted that the Treasury had published a report on crypto risks, partly addressing risks arising from a lack of agreement between regulators.

"Earlier in her testimony, Yellen told Hill she remains committed to achieving a regulatory framework for digital assets and hopes the efforts “reach a good conclusion.”"

Concentrated risk, Russian stablecoins
"Yellen also responded to other questions related to crypto. Congressman Mike Flood asked Yellen whether decentralized trading protocols require a different approach to regulation from centralized services."

Yellen answered that the SEC and CFTC are looking at the issue and added that some matters “may fall under the regulatory umbrella of the banking agencies as well.”

"Flood also questioned whether SEC rulemaking could reduce custodial options for crypto. He asked Yellen if a limited number of approved custodians available to registered investment advisors (RIAs) for Bitcoin ETFs would introduce concentrated risk."

"The Treasury secretary responded that the trend could pose a “potential” risk but declined to answer with certainty without more details."

"Congressman Brad Sherman commented on the Russian central bank’s plans to bypass Western sanctions with crypto. Yellen said that the Treasury is “very attentive” to the use of crypto and stablecoins but does not believe that Russia’s activities are substantial."

@ Newshounds News™

Read more:  Crypto Slate

~~~~~~~~~

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Economist’s “News and Views” Wednesday 7-10-2024

The Fuse Is Lit: Dollar Hegemony Ending | Andy Schectman

Liberty and Finance:  7-10-2024

Andy Schectman joins Dunagun Kaiser at the Rule Symposium in Boca Raton, Florida.

Schectman discusses the continued dedollarization around the world and the growing influence of the BRICS alliance.

With financial and political chaos around the world, safeguarding your wealth is more important than ever, he notes.

INTERVIEW TIMELINE:

 0:00 Intro

2:04 Weekly market update

 6:45 BRICS+ & dedollarization

20:50 Safeguarding our wealth

https://www.youtube.com/watch?v=0u1qe1GP7XY&list=PLank8aMTYJBY1L49VT6P23msnwUJAHYHf

De-dollarization Shocked the US: BRICS End Dollar Hegemony

Fastepo:  7-9-2024

The term "de-dollarization" refers to the process of reducing reliance on the US dollar in international trade and finance.

While the concept has been discussed for several decades, its prominence has grown in recent years due to geopolitical shifts and economic strategies by various countries.

 The exact first use of the term is difficult to pinpoint, but it has gained significant attention particularly after the 2008 financial crisis.

 In recent years, countries like China and Russia have actively pursued de-dollarization to mitigate the impact of US economic sanctions and to diversify their foreign reserves.

This trend aims to reduce reliance on a single currency and enhance economic stability by using various local currencies. By focusing on their own currencies, nations aim to minimize geopolitical risks and bolster their domestic economies.

This shift is reshaping global trade and financial systems, potentially lessening the worldwide dominance of the US dollar.

In this video, we explore the growing movement of BRICS+ countries, decreasing their reliance on the US dollar for international transactions.

We examine the motivations behind these choices and provide insights into their economic tactics. Furthermore, we highlight the de-dollarization initiatives within the BRICS+ alliance, showcasing significant steps these nations have taken to diversify the currencies used in global trade.

https://www.youtube.com/watch?v=JeMRF_1XwMc

Vince Lanci: 'If West Wants To Trade With BRICS, They Need More Gold'

Arcadia Economics:  7-10-2024

Vince Lanci: 'If West Wants To Trade With BRICS, They Need More Gold'

As the BRICS nations continue to move their plans forward to a potential gold-backed trade settlement currency, you have to wonder how that will affect the west over time.

Because if an oil producer can sell their oil and receive currency with a partial gold-backing, will they still want to accept treasuries in the current environment?

So in this morning's show, Vince Lanci talks about how if the west is going to continue to trade with the resource rich BRICS nations, they're going to need more gold.

 To find out why, click to watch the video now!

https://www.youtube.com/watch?v=6aRWrviaRz0

News, Rumors and Opinions Wednesday AM 7-10-2024

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 Wed. 10 July 2024

Compiled Wed. 10 July 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Judy Note: On Wed. 10 July a World Debt Jubilee was set to break the chains of our Financial Slavery by bringing in the Global Currency Reset of 209 Sovereign nations to a gold/asset-backed currency standard.

The entire US Financial System which has been bankrupt for going on 17 years (since 2008) while running on the fiat US Dollar, was now officially broke.

At this point the Globalists planned to keep the World enslaved by bringing in their Great Reset of fiat digital currency that could control everyone’s bank account – including what one traveled, bought and ate, or were unable to eat, with man made food shortages.

However, the Alliance was one step ahead, and had already used the Global Currency Reset to back up a Checkmate.

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Tues. 9 July Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

I was told that this was the week for this to go and one of our sources said this should be our week.

Three different sources said that Wed. 10 July was the start of Debt Jubilee.

This means refunding to us trading benefits that were earned on our birth, marriage, divorce and death certificates. We will also get back Federal Income Tax, mortgage interest, credit card interest and bank loan interest that we paid.

Those 62 and older will be given a lump sum payment.

The final email to go out to Redemption Centers went to the leader that has jurisdiction over all of the redemption centers (3,400) that were East of the Mississippi. That email came in last Sat. at 10:03 am, but has not gone out yet to the Redemption Centers.

Our notifications to set our redemption appointments will follow that email by an hour or two.

Arrive at your appointment no earlier than 10 min. before your appointment. They do not want people loitering in the parking lot.

Wed. 10 July 2024 Debt Jubilee: BQQQM!!! The Debt Jubilee Begins July 10th! Prepare for the Revolution! – American Media Group (amg-news.com)

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Tues. 9 July MarkZ: “My Bond contacts are hoping to become liquid sometime this week, and we should do so three days later. …One Bond Holder said he didn’t get paid today but was guaranteed he would be paid this week. Another Bond Holder would not comment, meaning he was likely under an NDA.”… Sat. 6 July 2024: “More and more sources are telling me that serious money movement and us moving towards the banks somewhere around the weekend of Fri. – Mon.  12th-15th. No one knows the exact timing but they are certainly preparing lots of bank contacts for that time period, so I think it may speak well to where we may be on that.”

Mon. 8 July 2024 Wolverine: “It has started. It is a process hopefully completed by the 20th. I’m hoping to get the Green Light in a few days. …I am pleased to share this already viral video (showing a Thailand Attorney signing a notarized document marked Confidential). It is the signature for the Redemption Centers, where the gold standard is ready. Therefore, we too…We are ready to go. God bless you all.” …Wolverine

Mon. 8 July 2024: The QFS Revolution: Are You In or Out? Have You Started Banking with the QFS? All Banks are Transitioning Over Into the QFS! – American Media Group (amg-news.com)

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Global Financial Crisis:

Tues. 9 July 2024: Nine of the largest banks in the world are settling a long-running lawsuit that accuses them of conspiring to rig a $465.9 trillion market.   According to lawyers, ironically, the banks have been using an electronic exchange-like platform to trade the instruments themselves, but have barred investors and the public from using it: https://dailyhodl.com/2024/07/06/jpmorgan-chase-bank-of-america-and-7-mega-banks-paying-46000000-over-alleged-conspiracy-to-rig-trillion-dollar-derivatives-market/

Read full post here:  https://dinarchronicles.com/2024/07/10/restored-republic-via-a-gcr-update-as-of-july-10-2024/

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

Frank26  The international community already has seen the new exchange rate.  IMO the international community is satisfied and happy and anticipating for what is about to happen.  It is not a secret.

Buckeyetree  "The dollar system is a thing of the past."  Sudani a while back told Iraqis to keep your dinars because the dinar will be stronger than the US dollar, that is, more valuable.  IMO, so many will be affected in a good way from the reinstatement except for Iran and the politicians, no more stealing via the auctions which is a good reason not to delay further. IMO, the new lower notes with security features will be very pretty.

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Central Banks Reasons for High Exchange Rate

Nader: 7-9-2024

• Jabber Koran's list of reasons to blame the central bank for the high exchange rates in Iraq.

https://www.youtube.com/watch?v=jUWAy9shL1s

LIVE! TODAY, THE FED. HAS SET THE STAGE FOR ITS FINAL SOLUTION... CRITICAL UPDATES!

Greg Mannarino:  7-9-2024

https://www.youtube.com/watch?v=iRyeqzvV6bg

“Tidbits From TNT” Wednesday Morning 7-10-2024

TNT:

Tishwash:  91% of the Iraqi currency is outside the banking system

Economist Munar Al-Obaidi announced that the money supply rose to more than 102 trillion dinars until last June.

Al-Obaidi said, "The currency issued by the Central Bank of Iraq rose to reach 102.3 trillion Iraqi dinars at the end of June, with an annual growth rate of 2.4% and a monthly growth rate of 3%."

He added that the value of the currency outside the banking system rose to 93 trillion Iraqi dinars, after it was 90 trillion Iraqi dinars in March.

He pointed out that the percentage of cash outside the banking system reached 91%  link

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Tishwash:  A new branch of Rafidain Bank applies the comprehensive system.. this time in Diyala

Rafidain Bank announced today, Wednesday, the implementation of the comprehensive banking system in Diyala.  

The bank's media office stated in a statement that "in implementation of the government program to move from paper transactions to electronic transactions to provide the best services to citizens, the comprehensive banking system has been implemented in the Baladruz branch in Diyala, 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), so that the number of effective and completed branches of the system becomes (32) branches in an important step to strengthen the banking system and achieve its requirements and leave paper work and move completely to electronic systems."

 The bank confirmed that "the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the scheduled timings to include all branches of the bank 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:  Hot legislative session for parliament with amnesty, oil and property laws - Urgent

The Parliamentary Oil and Gas Committee revealed, on Wednesday, a number of draft laws that will be voted on during the second legislative term of the third legislative year of the House of Representatives.

“There are a number of draft laws that will be voted on during the second legislative term of the third legislative year, including the twenty-first amendment to the Personnel Law No. 25 of 1960, which includes a wide segment of employees of the ministries in the state, in addition to the general amnesty law that does not include terrorists and ISIS members, but there are oppressed people in prisons, as well as the law amending the Martyrs Foundation Law, and also among the important draft laws is the service and retirement law for the fighters of the Popular Mobilization Authority,” said committee member MP Alaa Al-Haidari in a statement to Al-Rabia.

He added that "there are also a number of proposals, including a draft law to include some victims of natural disasters, including the Ibn al-Khatib Hospital incident, the incident of teachers in one of the schools in the Safwan Cases Center in Basra Governorate, the incident of students in the al-Hartha district in Basra, and other incidents in Maysan Governorate," noting that "these proposals will be discussed and put forward for the purpose of voting on them and providing justice to their families."  link

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Tishwash:  Parliamentary effort to question the Central Bank: Costs Iraq trillions and threatens the economy

Member of the Legal Committee, Raed Al-Maliki, announced on Tuesday that he is seeking to hold the relevant authorities accountable, especially the Central Bank administration and the government, due to the failure of their procedures to address the crisis of the decline in the value of the Iraqi currency and the large gap between the official dollar exchange rate and the parallel rate.

Al-Maliki said, in a press statement received by Shafaq News Agency, that the continued failure of the Central Bank and the government to achieve stability of the dinar and reduce the gap between the two prices led to the waste of huge sums of money and exacerbated the suffering of citizens. 

He pointed out that these conditions resulted in the state incurring trillions of dinars and enriching the corrupt at the expense of the people, as the prices of most goods depend on the parallel price, which is much higher than the official price.

Al-Maliki also pointed out that the failure of the government and the Central Bank to deal with the exchange rate crisis was embodied in several main aspects, the first of which is the government’s inability to determine Iraq’s position on countries banned from using the dollar, as it failed to reach an agreement with the United States on how to deal with Iran and Syria, while other countries were able to find formulas of understanding in this regard.

The "second failure," according to Al-Maliki, is embodied in the government's inability to control the ports and informal trade. It has failed to unify customs policy and prevent informal ports in the Kurdistan Region, which includes more than 32 informal ports.

The third failure, MP Al-Maliki says, is the failure to address the issue of small traders, whose number exceeds 400,000 traders in Iraq, who rely on the parallel dollar to avoid official procedures and taxes.

Regarding the fourth failure, the government and the Central Bank, according to Maliki’s statement, failed to address the problem of speculation and commissions in banks, as banks buy the dollar at the official price and sell it at higher prices without any legal accountability.

Finally, the fifth failure, according to the statement, is embodied in turning the file of providing travelers with dollars into a corruption case that cost 600 billion dinars, as dollars are collected for fictitious travel purposes without verifying the actual need for travel.

Al-Maliki added that these points represent the most prominent reasons for the continuation of the exchange rate crisis and the waste of money, pointing out that Arab and foreign banks have entered the currency auction and increased their profits at the expense of Iraq.

The MP stressed that he will use all constitutional, legal and popular means to confront this failure and mismanagement, calling on MPs from other blocs to support these efforts in order to protect the interests of the Iraqi people.

For his part, MP Majid Shankali called on the Council of Ministers to take decisive and bold decisions related to the financial reality in Iraq.

In a statement received by Shafaq News Agency, Shankali stressed the necessity that these decisions be preceded by the process of building trust between the citizen and the banking system, which is currently suffering from a significant lack of this trust. 

In this context, Shankali called for banning dealing and trading in dollars in buying and selling operations, in a step aimed at enhancing the use of the Iraqi dinar and reducing dependence on foreign currency. He also called for not allowing citizens to hoard amounts exceeding ten thousand dollars or its equivalent outside banks, in order to limit financial evasion and enhance official banking practices.

Shankali also stressed the need to encourage and stimulate electronic dealing in financial transactions, pointing out the need to start implementing these decisions gradually to avoid creating new crises, stressing that these procedures must be well thought out and based on gradual steps to ensure achieving the desired financial goals without causing additional problems for citizens.   link

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Mot: Say - How Hot Was it there Today!!!! 

Mot: .. Maybe avoid Death Valley this week