Breaking World News Friday 7-19-2024

Breaking World News: 

BREAKING - London stock market hit by technical fallout‼

BREAKING: Major US airlines including American Airlines, Delta and United grounding all of their flights due to IT issues

BREAKING : A significant Microsoft outage has occurred, causing major issues to dozens of services and affecting thousands to millions of users nationwide

BREAKING: Global IT outage live: Computer havoc caused by Crowdstrike outage could take days to fix - ABC News

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Widespread technology outage disrupts flights, banks, media outlets and companies around the world

CHARLOTTE GRAHAM-McLAY and ELAINE KURTENBACH

Updated Fri, July 19, 2024 at 7:09 AM EDT

WELLINGTON, New Zealand (AP) — A global technology outage grounded flights, knocked banks and hospital systems offline and media outlets off air on Friday in a massive disruption that affected companies and services around the world and highlighted dependence on software from a handful of providers.

Cybersecurity firm CrowdStrike said that the issue believed to be behind the outage was not a security incident or cyberattack — and that a fix was on the way. The company said the problem occurred when it deployed a faulty update to computers running Microsoft Windows.

But hours after the problem was first detected, the disarray continued — and escalated.

Long lines formed at airports in the U.S., Europe and Asia as airlines lost access to check-in and booking services at a time when many travelers are heading away on summer vacations. News outlets in Australia — where telecommunications were severely affected — were pushed off air for hours. Hospitals and doctor's offices had problems with their appointment systems, while banks in South Africa and New Zealand reported outages to their payment system or websites and apps.

Some athletes and spectators descending on Paris ahead of the Olympics were delayed, but Games organizers said disruptions were limited and didn't affect ticketing or the torch relay.

DownDectector, which tracks user-reported disruptions to internet services, recorded that airlines, payment platforms and online shopping websites across the world were affected — although the disruption appeared piecemeal and was apparently related to whether the companies used Microsoft cloud-based services.

Cyber expert James Bore said real harm would be caused by the outage because systems we’ve come to rely on at critical times are not going to be available. Hospitals, for example, will struggle to sort out appointments and those who need care may not get it.

“There are going to be deaths because of this. It’s inevitable,’’ Bore said. “We’ve got so many systems tied up with this.”

Microsoft 365 posted on social media platform X that the company was “working on rerouting the impacted traffic to alternate systems to alleviate impact” and that they were “observing a positive trend in service availability.”

The company did not respond to a request for comment.

CrowdStrike said in an emailed statement that the company “is actively working with customers impacted by a defect found in a single content update for Windows hosts.”

It said: “This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed.”

The Austin, Texas-based company's Nasdaq-traded shares were down nearly 15% in premarket trading early Friday.

A recording playing on its customer service line said, “CrowdStrike is aware of the reports of crashes on Microsoft ports related to the Falcon sensor,” referring to one of its products used to block online attacks.

Meanwhile, governments, officials and companies across the world scrambled to respond.

New Zealand's acting prime minister, David Seymour, said on X that officials in the country were “moving at pace to understand the potential impacts,” adding that he had no information indicating it was a cybersecurity threat.

The issue was causing “inconvenience" for the public and businesses, he added.

On Friday morning, major delays reported at airports grew, with most attributing the problems in booking systems of individual airlines.

In the U.S., the FAA said the airlines United, American, Delta and Allegiant had all been grounded.

Airlines and railways in the U.K. were also affected, with longer than usual waiting times.

With athletes and spectators arriving from around the world for the Paris Olympics, the city's airport authority said its computer systems were not affected by the outage, but that disruptions to airline operations was causing delays at two major Paris airports. The Paris Olympics organizers said the outage affected their computer systems and the arrival of some delegations and their uniforms and accreditations had been delayed.

But the impact was limited, the organizers said, and the outages had not affected ticketing or the torch relay.

In Germany, Berlin-Brandenburg Airport halted flights for several hours due to difficulties in checking in passengers, while landings at Zurich airport were suspended and flights in Hungary, Italy and Turkey disrupted.

The Dutch carrier KLM said it had been “forced to suspend most” of its operations.

Amsterdam’s Schiphol Airport warned that the outage was having a “major impact on flights” to and from the busy European hub. The chaotic morning coincided with one of the busiest days of the year for Schiphol.

Widespread problems were reported at Australian airports, where lines grew and some passengers were stranded as online check-in services and self-service booths were disabled — although flights were still operating.

In India, Hong Kong and Thailand, many airlines were forced to manually check in passengers. An airline in Kenya was also reporting disruption.

While the outages were being experienced worldwide, Australia appeared to be severely affected by the issue. Disruption reported on the site DownDetector included the banks NAB, Commonwealth and Bendigo, and the airlines Virgin Australia and Qantas, as well as internet and phone providers such as Telstra.

National news outlets — including public broadcaster ABC and Sky News Australia — were unable to broadcast on their TV and radio channels for hours. Some news anchors went on air online from dark offices, in front of computers showing “blue screens of death.”

Hospitals in several countries also reported problems.

Britain’s National Health Service said the outage caused problems at most doctors’ offices across England. NHS England said in a statement said the glitch was affecting the appointment and patient record system used across the public health system.

Some hospitals in northern Germany canceled all elective surgery scheduled for Friday, but emergency care was unaffected.

Israel said its hospitals and post office operations were disrupted.

In South Africa, at least one major bank said it was experiencing nationwide service disruptions as customers reported they were unable to make payments using their bank cards in stores. The New Zealand banks ASB and Kiwibank said their services were down as well.

Shipping was disrupted too: A major container hub in the Baltic port of Gdansk, Poland, the Baltic Hub, said it was battling problems resulting from the global system outage.

Kurtenbach reported from Bangkok. Associated Press journalists around the world contributed.

Read full post here:   LIN

Seeds of Wisdom RV and Economics Updates Thursday Evening 7-18-24

Good Evening Dinar Recaps,

An Update on Vietnam’s Quest for Crypto Regulation

An article by Hudson Reporter dated April 21, 2024 titled:  Vietnam’s Path to Crypto Regulation by 2025:  A Governmental Necessity, gives an update on Vietnam's quest for Crypto Regulation.

The article states that Vietnam plans to develop a legal framework for cryptocurrency regulation by May 2025 to address ownership risks and prevent illegal activities such as money laundering

Key Takeaways from the article:

1.  Cryptocurrencies are not banned in Vietnam but regulation is urgently needed.
2.  The Finance Ministry has been tasked to draft a regulatory framework by May 2025.
3.  Measures against misuse, like money laundering, are also being studied.

@ Newshounds News™

To learn more:  Hudson Reporter

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DE-DOLLARIZATION CONTINUES TO BE THE THEME OF BRICS NATIONS

"All are trying to make themselves safe. Information leaked not long ago that in the environment when the United States and the whole collective West want to steal Russian money Saudi Arabia is thinking how to reduce dependence on the dollar. THE PROCESS OF DE-DOLLARIZATION IS UNDERWAY, IT CANNOT BE STOPPED, he said."
Quote from Russian Foreign Minister Sergey Lavrov

@ Newshounds News™

Read more:  X

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Crypto Regulations in Vietnam 2024

The post Crypto Regulations in Vietnam 2024 appeared first on Coinpedia Fintech News

Vietnam, a socialist country in Southeast Asia, has a population of 99.46 million and covers 331 thousand square kilometers. It has developed a strong market economy with socialist influences, making it one of the fastest-growing economies in terms of GDP. This economic growth has attracted significant foreign investment.

Vietnamese Government on Cryptocurrencies

Cryptocurrency is not banned in Vietnam, but a legal framework is needed to ensure its proper development and mitigate risks, according to a representative from the Ministry of Justice. Cao Dang Vinh, Deputy Director of the Department of Economic and Civil Legislation, noted on April 12 that there are varying understandings of virtual assets, digital currencies, and cryptocurrencies, with different countries adopting diverse management approaches.

Cryptocurrency is not banned in Vietnam: Ministry Cao Dang Vinh noted global variations in cryptocurrency perspectives and the absence of specific regulations in Vietnam. Vietnam lacks a legal framework for cryptocurrencies, stressing the need for regulation.

Cryptocurrencies carry risks that can lead to appropriation or money laundering. Vietnam currently lacks regulations to manage their development, and cryptocurrency is not considered a legal asset. Vinh emphasized the need for a legal framework to prevent these risks and illegal activities. The Ministry of Finance will provide specific proposals, and the Ministry of Justice will offer detailed opinions accordingly.

In addition to this, the Vietnamese state authorities are working on the possible applications of blockchain technology in the country.

Blockchain for Vietnam’s Cashless Society

The deputy Prime Minister of Vietnam, Vuong Dinh Hue signed out a policy decision in 2017,  setting out the government’s plan to reduce the cash transactions in the country to less than 10%. The State Bank of Vietnam also announced the development of $700 million cashless payment network in collaboration with South Korean payment service provider Alliex.

Another bank, Tien Phong Commercial Joint Stock Bank(TPBank) moving one step further in the use of blockchain technology, joined hands with Japan’s SBI Ripple Asia to develop Ripplenet blockchain-based global payment network for processing cross-border transactions.

Launch of the First Money Transfer Service between Japan and Vietnam that Utilize Distributed Ledger Technology (DLT).  TPBank is the latest financial institution supported by SBI Ripple Asia to leverage Ripple

Cryptocurrencies law

In Vietnam, cryptocurrencies were not considered legal means of payment but could be bought, held, and traded. The government continued to reevaluate its approach to the crypto space, with the central bank maintaining that cryptocurrencies were not legal tender.

Cryptocurrencies were categorized as assets or goods under the 2015 Civil Code and the Commercial Law of 2005. These laws defined property broadly to include objects, money, valuable papers, property rights, and movable property, including future assets, allowing cryptocurrencies to be traded within the country.

What led to look over the need of Regulations?

The government of Vietnam cites many official reasons for the need for regulations and ban them as a means of payment,

—The crypto industry has no government supervision and therefore prone to illegal activities.

—Cryptocurrencies lack customer protection as they are volatile in nature which leads to price instability, security concerns, and market manipulation.

—Cryptocurrencies are open to illegal activities such as tax evasion, money laundering, terrorist funding and hacking.

The cryptocurrencies might possess the capacity to destabilize existing financial systems which can affect the nation’s economy.

Regulatory RoadMap of Cryptocurrencies

Vietnam has made several efforts to regulate the country’s cryptocurrency space. On 21 August 2017, the Prime Minister, Nguyen Xuan Phuc approved a project to complete the legal framework for managing digital assets and their activities.

On April 11, 2018, a directive was issued to the relevant authorities to manage crypto transactions in order to analyse the negative impact on the nation’s economy. In the directive, Bitcoin and similar cryptocurrencies were banned for using them as a mode of payments for any goods or services. But the users were free to invest in Cryptocurrencies. Those who found guilty would be penalised with a fine up to VND 200 million ($ 9,000).

In February 2019, The Ministry of Justice also filed a report that reviewed the current legislation on crypto-related business in the country. They proposed three different policies that the government could consider and start working on the policy selected by the government. They are:

1.  Floating and lax Regulatory approach

2.  Straightforward approach

3.  Legislation of digital Assets transactions under specific conditions.

Recently on May 11 2020, the Vietnamese Finance Ministry has approved to establish a research group to review, analyse and develop various regulatory policies around crypto-assets.  The research group would be comprised of nine members of the group of the following departments,

—General Department of Taxation

—National Institute of Finance

—General Department of Vietnam Customs

—Department of Banking and Financial Institutions of the State Bank of Vietnam

The research group would be led by the Vice-Chairman of State Securities Commission, Pham Hong Son.

Authorities in Vietnam to Establish Crypto Research Group to Evaluate Policy. On May 11, the Ministry of Finance in Vietnam said it will come up with a research group responsible for examining & making policy proposals about crypto and virtual assets

1.  Taxation and Mining

2.  Taxes on Cryptocurrencies

As you have already aware of the fact that, Bitcoin and other cryptocurrencies are not considered as legal tenders and are banned to use them as a mode of payment, the tax policies are also not framed yet. Cryptocurrency taxation in Vietnam remains uncertain due to the lack of a clear legal framework.

The tax authorities have lost a lawsuit against a local citizen who was been taxed on the Bitcoin earnings. As the cryptocurrencies are not considered as a legal asset under Vietnamese law, the court ruled the authorities that they have no right to tax him.

Mining of Cryptocurrencies

The Cryptocurrencies remain illegal as of now and restricted with the use of payment methods and so the mining. It is also considered illegal  The government has also has passed a law which bans the import of bitcoin mining equipment into Vietnam.

However, the Ministry of Industry and trade expressed displeasure towards the ban and also showed concern over the decline in the mining business. The ministry sent a proposal to the Prime Minister of Vietnam, called the Document 5964 / BTC – TCHQ, mentioning that the mining pieces of equipment are not listed in the banned list of import or unsafe list. Hence the import should be allowed which was accepted by the government.

12-04-2024: Vietnam Does Not Ban Cryptocurrency, Confirms Ministry of Justice

A Ministry of Justice representative clarified that while cryptocurrency isn’t banned in Vietnam, there’s a need for a legal framework to guide its development and mitigate risks. Cao Dang Vinh, Deputy Director of the Economic and Civil Legislation Department, noted varying global perspectives on virtual assets, digital currencies, and cryptocurrencies.

Concluding Note

The Vietnamese Government has now acquired a progressive approach towards regulating the cryptocurrencies and initiated various steps. The various other approaches, however, are still vague and lack clarity.

More laws and reforms are required to ascertain the secured flow of cryptocurrency transactions in the country so that no scams or fraud occur risking the investor’s funds. The future of the cryptocurrencies are more secure and reliable in the country when these regulatory frameworks are put in place.

Read more:  Binance

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BASEL 3 AND GOLD REGULATIONS

"Basel III is a set of financial reforms developed by the Basel Committee on Banking Supervision. It introduces stricter capital requirements to increase the resilience of banks. The main focus is on improving the quality of capital, particularly Tier 1 capital, which is essential for absorbing losses."

The Significance of Gold in Basel III Regulations

"Gold’s role in Basel III significantly changes how banks handle this asset. With the new Basel III Bank Accords, gold is taking center stage again as an important asset for financial institutions. The most significant change is that Basel III regulations treat gold held in vaults as a zero-risk asset, a status previously reserved for cash. This change elevates gold’s importance in ensuring the stability and liquidity of banks."

Impact on Liquidity and Stable Funding

"Gold significantly impacts banks’ liquidity. Under Basel III’s measures, banks must maintain a specific Liquidity Coverage Ratio (LCR) to ensure they have enough high-quality liquid assets to survive financial stress. Gold can be considered part of these High-Quality Liquid Assets (HQLA)"

"Basel III regulations make gold a more attractive asset for banks by allowing bullion held in vaults or on an allocated basis to be treated as cash with a 0% risk weight. "

"Basel III demands that financial institutions hold a higher proportion of physical gold, rather than trading in derivatives. This change increases financing costs and demands more robust liquidity buffers. Banks must now hold physical assets to meet liquidity requirements, pushing the preference for tangible gold. As a result, this regulation stabilizes the gold market by reducing reliance on paper gold and emphasizing the importance of physical gold holdings. This shift supports higher demand and potentially boosts the price and stability of gold in the long term."

"With Basel III, gold is now considered a High-Quality Liquid Asset (HQLA)"

@ Newshounds News™

Read more:  Metals Edge

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BASEL 3 ENDGAME

"Many parts of Basel III are already in place worldwide, including the U.S. However, the final changes, called Basel III Endgame and agreed upon in 2017, have been delayed for years by the COVID-19 pandemic and banks calling for more time to adjust to and lobby against the new regulations."

"12 Deadlines have come and gone, with mid-2025 the latest date for when the rules are supposed to go into effect in the U.S., which means announcing them months earlier to provide regulators, banks, and other stakeholders the time needed to prepare to meet the new standards. Banks would start using the rules on July 1, 2025, with the goal of having them fully in place three years later."

What Affect Would Basel III Have on Small and Medium-Sized Banks?
"While Basel III primarily targets very large, internationally active banks, critics charge that its regulations would also affect small and medium-sized banks. "

When Does Basel III Go Into Effect?

"Since the Basel III Endgame process began, bank requests for more time to digest and comment on the plans, COVID-19, and shifts in the post-pandemic economy have all pushed back the deadlines. As it stands now, the regulations should start taking effect July 1, 2025, followed by a three-year phase-in period to give banks time to transition to the new rules. While previous deadlines have come and gone, the commentary period is over, which offers U.S. federal regulators more room to maneuver in going ahead with implementation."

@ Newshounds News™

Read more:  Investopedia  

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Chainlink’s tokenization sandbox cuts trials to days instead of months

The sandbox could lead to more financial institutions adopting asset tokenization solutions.

Chainlink is ushering in a new turnkey solution for institutions looking to conduct tokenization trials in the latest development for the tokenization industry.

Chainlink has introduced its new Digital Assets Sandbox (DAS) for financial institutions, which aims to accelerate digital asset innovation.

DAS will enable financial institutions to quickly experiment with new revenue-generating opportunities, like bond tokenization, with improved time-to-market and greater overall efficiency.

According to Angela Walker, the global head of banking and capital markets at Chainlink Labs, the new sandbox was born due to institutional demand for secure digital asset experimentation environments.

@ Newshounds News™

Read more:  Coin Telegraph

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More News, Rumors and Opinions Thursday PM 7-18-2024

TNT:

Economist: Financial bonds target citizens’ hoarded funds..and lists their benefits

The economic expert, Abdul Rahman Al-Shaikhli, confirmed that the financial bonds, “second issue,” target the hoarded money of citizens, while he listed its benefits.

Al-Shaikhli told {Euphrates News} that: "The bonds issued by the Ministry of Finance are the second and very important; for the purpose of withdrawing the hoarded money of citizens to revolve in the orbit of banking channels."

He added, "About 85% of the issued money is hoarded by citizens and causes an imbalance in the national economy as well as a state of inflation."

Al-Shaikhli explained, "The specified amount will be divided into two types, one for a period of one year and the other for two years with an annual profit value of 6.5% taken monthly, and also for four years the citizen can obtain it with an interest of 8.5%."

Regarding the method of obtaining this money, Al-Shaikhli explained, "The citizen, companies and individuals submit a request to the authorized bank with their original papers and documents, then the amount is delivered at the initial price of the share, and after a period of time, this money is sent with copies of the supporting documents to the Central Bank, so the transaction is completed and an official receipt is sent to the shareholder, and he has the right at that time to enter the Iraqi financial market and recover the money at the time he wishes." 

He added, "These funds are not considered frozen like deposits, but rather enter the stock market, and therefore it has the right to be traded at the daily price. The issuance will be on July 22nd for a period of one month." link

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Tishwash:  Iranian Foreign Ministry: America uses the dollar to unilaterally dominate the world

Iranian Foreign Ministry spokesman Nasser Kanaani said that the United States uses the US dollar to unilaterally dominate the world.

The Iranian Foreign Ministry spokesman recalled the currency agreement recently concluded between Russia and Iran to ensure the liquidity of national currencies in commercial transactions, noting that the Iranian side proposed using the same mechanism at the level of the BRICS countries.

The spokesman stressed that the BRICS countries have the necessary capacity and capabilities to promote and enhance the principle of multipolarity.

Kanaani said in an interview with RT: The whole world is already tired of Western unilateralism.

The BRICS group is moving towards expanding non-dollar payments, as the group's countries seek to move away from the US-controlled SWIFT banking correspondence system.

One of the main goals of the BRICS countries is to move away from the dollar and use national currencies in trade transactions. It is worth noting that 95% of trade transactions between Russia and China are conducted in rubles and yuan.

It is known that Russia assumed the presidency of the BRICS group on January 1 of this year.

The year began with new members joining the organization - in addition to Russia, Brazil, India, China and South Africa, the group now includes Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia.

As part of its presidency of the group, Russia organizes more than 200 political, economic and social events and activities.  link

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

Frank26  [New Iraqi Dinar 3-zeros Video Review shown below in Frank26's post 3-17-2024]   A 50,000 note, they showed you a picture...and then they took a magic marker and they crossed off the 3-zeros on the 50k note...that was a little misleading...Many people saw...the 3-zeros disappear from the currency and they thought I'm going to be left with a 50 note.  I just lost a lot of money.  No...They're not going to take your 50K note and cut the zeros out...  .00076 | 1320 - These represent the exchange value of the Iraq dinar.  .00076 is used by Forex to reflect the 1320 that is on the CBI website... [Post 1 of 2....stay tuned]

Frank26  It is my hope that the next step of the monetary reform will remove 3-zeros from the exchange rate that Forex is using...After we have lifted the 3 zeros the next step is it goes into a float...as an RI...Then it goes into a re-denomination.  It means you got rid of those 3-zero notes... The exchange rate just changed, you now need...the smaller notes because the exchange rate just got really big.  Right now the Iraqi notes are big with a lot of zeros because the exchange rate is tiny.  But it is about to flip.  By removing the 3 zeros from the exchange rate of .00076 you add value to the currency.    [Post 2 of 2]

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Why Iraq Will Increase the Value of the Iraqi Dinar

Edu Matrix:  7-18-2024

Why Iraq Will Increase the Value of the Iraqi Dinar - Iraq has placed itself in a position to increase its currency's value to survive the country's aggressive plans. Learn what this means and why.

https://www.youtube.com/watch?v=fSpsGm7lMC4

It's "The Endgame" Financially | Francis Hunt

Liberty and Finance: 7-17-2024

We sit down with Francis Hunt to delve into the current gold market, which has recently reached all-time highs. As an expert in market trends, Hunt offers a comprehensive analysis of the factors driving gold's unprecedented surge.

Hunt breaks down the critical economic, geopolitical, and financial factors contributing to gold's record-breaking performance.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Gold update

 4:43 Politics and financial system

6:50 Gold charts

13:40 Silver update

20:23 Debt-based collapse

25:05 Taking action

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

“Tidbits From TNT” Thursday 7-18-2024

TNT:

Tishwash:  100 investment opportunities next November100 

The National Investment Commission has completed its preparations for holding a major investment conference next November.

The head of the authority, Haider Makiya, explained that the authority has completed all its preparations to hold a major investment conference in which about 100 investment opportunities will be presented in all of Iraq’s governorates, noting that invitations have been sent to ambassadors, officials, and all ministers.

 He pointed out that Prime Minister Mohammed Shia Al-Sudani will attend the conference as he is the biggest supporter of such conferences to see the extent of the readiness of major companies to invest in Iraq as a fertile and promising land, pointing out that the role of embassies is great in this matter, as they conveyed an appropriate image of Iraq and its enjoyment of unparalleled security and economic stability during this important stage of its history.

Makiya added that the conference, which will be held on November 2-3, will be a major economic event in the capital, Baghdad, to present exceptional investment opportunities that the world's largest companies can work on. link

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Tishwash:   Minister of Trade stresses importance of Arab support for Iraq's accession to WTO

Minister of Trade, Athir Dawood Al-Ghariri, stressed today, Thursday, the importance of Arab support for Iraq's accession to the World Trade Organization.

A statement by the Ministry of Commerce, received by "Al-Eqtisad News", stated that "Minister of Commerce Athir Dawood Al-Ghariri met with the Saudi Ambassador and Head of the Working Group on Iraq's Accession to the World Trade Organization, Saqr Al-Muqbil, in the presence of the ambassadors of the Arab countries in the organization, to discuss mobilizing Arab support for Iraq's accession file to the World Trade Organization."

The statement added, "During the meeting, the progress made by Iraq in meeting the requirements for accession and the challenges it faces in this path were reviewed."

During the meeting, Minister Al-Ghariri stressed the "importance of Arab support to strengthen Iraq's position and achieve its goals in joining the organization."

At the same time, the Minister pointed out "the economic and commercial benefits that will accrue to Iraq and the Arab countries through this accession."

For their part, the Arab ambassadors expressed their "readiness to support Iraq in its efforts," stressing "the importance of strengthening Arab cooperation in international organizations link

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Tishwash: The Economic Situation in Iraq: Challenges and Future Prospects

 Iraq is currently going through a critical economic phase, as the country faces many challenges that hinder its growth and stability. The Iraqi economy is one of the most diversified in the region, but it continues to suffer from the effects of internal conflicts and fluctuations in global oil prices.

Economic Challenges

One of the most prominent challenges facing the Iraqi economy is high unemployment among young people, with statistics indicating that the unemployment rate exceeds 25%. This is attributed to the decline in foreign and local investments as a result of the security and political unrest that the country has witnessed over the past years.

Financial and administrative corruption is another obstacle to economic growth. Iraq ranks high in global corruption indices, which negatively impacts the business environment and limits the ability to attract foreign investment. This corruption affects all sectors of the economy, from oil and gas to infrastructure and public services.

Economic Reforms

In the face of these challenges, the Iraqi government is implementing a package of economic reforms aimed at enhancing economic growth and achieving financial stability. Among these reforms are improving the management of oil revenues and diversifying sources of income by supporting non-oil sectors such as agriculture, industry and tourism.

The government is also working to improve the business environment by simplifying administrative procedures and fighting corruption. Oversight bodies have been established to enhance transparency and accountability in the management of public resources.

Future Prospects

Despite the major challenges, there are signs of hope that Iraq’s economic situation can improve. Government initiatives to diversify the economy and boost investment in vital sectors could create new jobs and improve living standards for the population.

In addition, the stability of global oil prices represents an opportunity for Iraq to generate additional revenues that can be used to finance development projects and improve infrastructure.

In conclusion, achieving an economic renaissance in Iraq requires concerted efforts between the government, the private sector, and civil society, in addition to benefiting from international support to enhance economic and social stability. link

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Tishwash:  A military delegation headed by Yarallah will visit Washington soon...and the American withdrawal may take 3 to 5 years

Baghdad has not yet commented on the attempt to assassinate former US President Donald Trump, while Muqtada Al-Sadr, the leader of the Sadrist movement, described what happened as a “clip from a movie.”

Since the beginning of this year, Baghdad and the United States have been engaged in dialogues about the Western military presence in the country, which have reached the procedures stage, according to the parties to the coordination framework.

A former politician and attempted MP warns that the assassination of Trump, whose interpretations of the incident are now limited to an individual act, may affect Washington's policy in Iraq at a later time.

The Iraqi military leadership is supposed to meet with American officials this July in Washington to complete negotiations on withdrawal.

The two parties held three meetings in Iraq about the fate of the coalition forces, while it is likely that Abdul Amir Yarallah, Chief of Staff of the Army, will lead the next delegation.

A few days ago, Foreign Minister Fuad Hussein said while he was in Washington to attend NATO meetings that "a military delegation will visit Washington to hold discussions about the security agreement concluded between Iraq and the United States."

There is still a conflict in statements between Baghdad and Washington regarding the nature of the negotiations that began at the beginning of this year, regarding whether the United States will withdraw or stay for a longer time.

According to leaks from political circles, the military delegation that will soon go to the United States will ask for “3 or 4 months to finalize the withdrawal arrangements.”

But there are other political parties who doubt the possibility of withdrawing forces so quickly, and talk about the United States requiring between “3 to 5 years” to evacuate the forces.

Ali Nimah, a member of the Security and Defense Committee in Parliament, says that the issue of removing foreign forces from Iraq will not end “overnight,” noting that it is hoped that the transition to bilateral relations will begin during the next year.

Last June, the government confirmed that it had begun new measures in preparation for the withdrawal of coalition forces present since 2014, by developing military infrastructure.
Meanwhile, Hassan Fadaam, a former leader of the Popular Mobilization Forces, said in contact with (Al-Mada) that “the decision to withdraw is final and final, and there is no retreat from the Iraqi government.”

Fadam, a former representative of the Al-Hikma Movement, points out that “the withdrawal is within the government program and also within the political agreement that occurred between all political parties and was informed by the American authorities through diplomacy and by the political forces in all their meetings with American officials.”

Fadham, a member of the coordination framework, confirms that there are major changes in this file. “Work has moved from dialogues to procedures. There are daily procedures in preparation for withdrawal.”

The former MP revealed that a recent visit by a US Defense Department official to Baghdad was part of these arrangements, as he "visited the American bases to begin the withdrawal."

A week ago, Al-Sudani's office reported that the latter received the US Deputy Assistant Secretary of Defense for Middle Eastern Affairs, Daniel Shapiro, in Baghdad.

The office confirmed in a statement that the meeting included talk about "proceeding procedures to end the mission of the international coalition to fight ISIS, and to activate bilateral relations between Iraq and the United States."

Hassan Fadaam says that the United States may try to reverse the withdrawal under various pretexts, “but Iraq is monitoring these moves that Washington could use to disrupt the withdrawal.”

Last February, the Iraqi factions retreated from targeting American forces in an undeclared truce, to give the government the opportunity to negotiate with Washington.

The number of American forces in Iraq since the beginning of 2003 was about 130,000, and it remained fluctuating between 100,000 and 150,000, but it rose again to about 170,000 with the intensification of violence in 2007.

At the end of 2011, the United States withdrew its forces during the era of former President Barack Obama. Except for a few military advisors.

However, with the spread of ISIS in 2014, Washington doubled its forces to more than 5,000 members, before reducing them again to 3,000 in 2021, then to about 2,500 this year.

Withdrawal...and Trump is the example of Alusi, the politician and former MP, who says that the presence of American forces in Iraq was “always the focus of discussion in all American governments after 2003,” but he did not raise, not Once, either secretly or publicly, the idea of ​​“reducing the level of forces to zero.”

Successful American administrations, according to Al-Alusi, who spoke to Al-Mada, were thinking about withdrawing the strike force "and leaving elite forces that represent the American moral and strategic presence in Iraq."

A few days ago, Arab media close to Tehran said that the United States “withdrew an official announcement to schedule a reduction in the number of its forces in Iraq.” It is likely that this is related to the process of withdrawing American forces from Niger.

America, according to Al-Alusi, will reduce the military presence in Iraq and not the political, diplomatic or economic presence if it finds that "the government is part of American ideas and interests, but the opposite will happen if the militia penetration and preoccupation With opening camps for the Houthis in Iraq continues.”

The United States will soon enter into a sensitive political situation with the approaching presidential elections, which may not greatly affect the nature of relations with Iraq, according to Al-Alusi, a former member of the Foreign Relations Committee in Parliament.

He says that the change in the US government “affects foreign relations on major issues with Russia and China,but not with Iraq and Iran.”

But on the other hand, he points out the possibility that the attempt to assassinate Trump may affect Washington policy if it is proven that the perpetrator, whose action is explained as an isolated incident, influenced Iraqi and Iranian propaganda against the nominated president, especially if he wins the elections.

In 2021, an Iraqi court issued an arrest warrant against Trump, against the backdrop of the assassination of Abu Mahdi Al-Muhandis and Qassem Soleimani.

So far, Baghdad has not commented on the assassination attempt, at a time when Muqtada al-Sadr said in a tweet on the “Just allegations.”

Al-Alusi advised the Iraqi government to denounce the assassination attempt, "not for Trump's sake, but in rejection of the assassination attempts that the authorities in Iraq accused of against activists and protesters."  link

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

Mot: Gunna be un of Those Daze!!!

Mot: Seeeeeeeeee -- Ya Can Always Find the ""Positive"" of things!!!

News, Rumors and Opinions Thursday AM 7-18-2024

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. 18 July 2024

Compiled Thurs. 18 July 2024 12:01 am EST by Judy Byington,

Global Currency Reset: (Opinions/Rumors)

Wed. 17 July 2024 Wolverine: “Bond Holders are getting paid. Private Contractors are getting paid. Reno said it has started. I was told it was released to the Pentecostal Group. Absolutely it is our week, but it is a process and Tier4b may not have it until next week.”

Wed. 17 July 2024 TNT CC Close Tony. “OK guys. We’ll just end it right here. Window is open after 2 pm today. Expected after 2 pm. – could see something between 2 pm and 2 am. They’re all ready to go. Something to happen tonight. Be ready to go.”

Tues. 16 July 2024 Bruce: “Sources are saying we should be notified to set appointments sometime between now and Thurs. 18 July. Money is moving and Bond Holders are to receive email Wed. 17 July for access to their monies on Thurs. 18 July.”

Tues. 16 July 2024 MarkZ: “Some of the Zim charity platforms may go first – is what I am suddenly hearing. Maybe even before some of the Historic bonds. So I am hearing positive things for those who aggregated Zim for humanitarian reasons. That being said…..I heard that the initial releases of money are being pushed very hard for humanitarians. That is the priority. But this does not mean there is a delay for us currency holders, just that humanitarian projects are the priority.  I am getting that from bunches of sources. I have also had a number of sources from groups reach out over the last 12-14 hours that if we have projects to submit- be sure to get those dusted off and prepared and ready.”

~~~~~~~~~~

Gold Standard Returns: Iraq and Neighbors Prepare to Abandon The Dollar Fiat Currency System. The secret plans of Iraq and neighboring countries to fortify their economies with gold reserves and join the New BRICS gold/oil backed currency system. https://ai3d.blog/gold-standard-returns-iraq-and-neighbors-prepare-to-abandon-the-dollar-fiat-currency-system/

Tues. 16 July 2024: GESARA: The Hands Of God! This Is Wealth Creation! (VIDEO) – American Media Group (amg-news.com)

~~~~~~~~~~

During the EBS (Rumors/Opinions)

Prepare for the most dramatic change in modern history when the Military Emergency Broadcast System (EBS) emerges, signaling a new era of truth, justice and liberation.

The stage is set, the actors are in position, and the world is about to witness a seismic shift that will reshape the course of history.

This bold mission is not for the faint of heart; is the linchpin of the Quantum Starlink system, a quantum leap in technology that promises to redefine our world.

The new Quantum Systems, part of Quantum Starlink, represent a paradigm shift in technology.

The NESARA/GESARA funds will finally see the light of day and the people will be entrusted with the monumental task of rebuilding a long-oppressed world.

Payout for Tier Groups involved in the RV – the Dubai Accounts Funds the RV:

Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3 & 4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 & public (5).

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first.

A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
D. Tiers 1-4b are notified. (they need D1 to be liquid)

It appears all is set to go on or about the same time!

Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA. Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

The Admiral was sent to the back of the line and renamed Tier 4A The Admiral’s Group was composed of three parts – most notable of which was Tier 4a Core groups and 130 VIP groups.

Tier 4B, (the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5 The general public who never paid attention to the Intel.

Read full post here:  https://dinarchronicles.com/2024/07/18/restored-republic-via-a-gcr-update-as-of-july-18-2024/

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

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

Mnt Goat  We heard this week that Al-Sudani again told the citizens that they can expect a “new currency” and so we know its not more of the 3 zero denominations since the CBI told us they are not going to issue the 20K note or any more other of these notes along this line.  So what could this mean? It can only mean fresh new notes of lower denominations reverting back to the currency denominations of the past and finally ditching these 3 zero notes... 

Buckeyetree  Dropping the zeros is primarily from the exchange rate, that is, moving the decimal point over 3 places which causes the need for new currency, the lower notes, which delete the physical zeros on the notes themselves. We are anticipating a rate that is better than 1 to 1 because Sudani said that the dinar will be stronger than the dollar... Dropping the physical zeros and rate change for reinstatement need to happen at same time.  Otherwise, lower notes would be practically useles

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

NASDAQ Has Worst Day Since 2022, Will Correction Continue? | Jason Shapiro

David Lin:  7-17-2024

Jason Shapiro, Owner of Crowded Market Report.com, discusses recent market sentiment and the rotation out of tech stocks.

0:00 – Intro

 0:56 - Market inflection

6:24 - Tech stocks down

 9:35 - Russell 2000

10:30 - Energy

11:50 - Market levels targets

12:48 - Crowd sentiment

13:27 - Valuations

16:55 - “Setting yourself up for failure”

19:27 - What is market pricing in?

 21:55 - Mining stocks

24:30- Yen

25:29 – Bitcoin

 27:44 - Volatility and VIX

29:51 - Recession trade

31:50 - Presidencies and stocks

 34:20 - Bullish argument

35:10 - Bearish argument

https://www.youtube.com/watch?v=IJmCbP8EY98

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 7-17-24

Good Afternoon Dinar Recaps,

OPEC Plus alliance agreement enhances the balance of the global oil market in the second half of 2024

Russia announced that the global oil market will be balanced in the second half of the year and beyond thanks to the OPEC Plus alliance agreement on production.

Russian Deputy Prime Minister Alexander Novak said that the OPEC Plus alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, has been implementing a series of production cuts since late 2022 to support the market.

The Alliance agreed on June 2 to extend the previous cut of 2.2 million barrels per day until the end of September and gradually remove it starting in October.

The US Energy Information Administration said last week that global oil demand will exceed production by about 750,000 barrels per day in the second half of 2024 due to the decline in OPEC Plus production.

The OPEC report last week also indicated a deficit in oil supplies in the coming months and in 2025.

Novak explained that the global oil market will be balanced thanks to Russia’s moves.

Source: National Iraqi News Agency

@ Newshounds News™

Read more:  Iraq News Gazette

~~~~~~~~~

TOKENIZED GOLD- WHAT IS IT?

" Tokenization of gold is one of the recent blockchain use cases quickly gaining popularity among crypto enthusiasts, investors, and businesses. The present-day market cap of tokenized gold has already reached 1.17 billion, which is a firm upward trend reflecting the rising prices of physical gold. "

" But is investing in a gold-backed cryptocurrency as safe as physical gold? What are the benefits of tokenized gold, and what risks are involved?"

"Investment in ETFs is a safer option in terms of pure gold investment. Yet, ETFs are not stocks, bonds, or other securities that you may hold in your bank account and exchange for physical gold. Like any other ETFs, gold-backed ones are only derivatives of the stock exchange instrument that an owner doesn’t actually own. That’s why such investments are also a risky strategy with limited investor control. "
"When it comes to investment in tokenized gold, things are much more transparent and simpler for investors here. The scheme works as follows: "

1. The project acquires a certain amount of physical gold and stores it securely in its deposits.

2. The company issues tokenized gold coins, the cumulative number and value of which equal the amount of gold in its vaults.  

3. The coins get into circulation and are used by traders, project users, buyers, and sellers. Their price is stably pegged to the price of gold, and in some cases, the coins may be exchanged for the respective amount of physical gold at any moment the owner claims such a possibility.

"This way, you may perceive digital gold as gold ownership tokens – securities that verify your right to a specific amount of physical gold."

THE ROLE OF BLOCKCHAIN IN GOLD INVESTMENT
"All of the risks and challenges with digital gold security, liquidity, and fungibility have given rise and popularity to the tokenized gold market. Digital gold is equivalent to physical gold stored in a safe location by the coin’s issuer, which frees you from the need to take care of the gold storage solutions."

"At the same time, every coin you own comes with the ownership right for physical gold, giving you direct ownership rights, unlike those of gold ETF investments. These are the reasons why tokenization of precious metals has become so popular in the crypto space. "

"All in all, gold investments open many exciting opportunities for you.."
1.  First, you can address inflation by investing in this conservative instrument with fewer risks and limitations.
2. Second, you can take advantage of the rising gold prices similar to traditional gold investments.
3. Third, getting some digital gold to your portfolio is always a great diversification measure that can protect your assets from rapid price turns in the crypto market.  

@ Newshounds News™

Read more:   4 IRE Labs

~~~~~~~~~

Study: Digital Wallets to Overtake Debit Cards for In-Store Payments by 2027

Digital wallets have revolutionized the payment space in recent years. They provide an easy, contactless and secure way to make purchases and transfer money through the convenience of smartphones.

The method is the fastest-growing payment option in the United States, which is especially true among younger consumers. Most Americans say they use digital wallets more often than traditional payment methods. Even more intriguingly, consumers who use this payment method tend to spend more than nonusers. According to a new Worldpay report, the payment method will overtake debit cards in transaction value in North America for in-store payments by 2027.

Digital wallets’ popularity and payment values make them a priority tool for businesses to incorporate into their payment suites. However, merchants have some catching up to do to keep pace with this unstoppable trend. Some notable stumbling blocks — including perceptions about security, complexity and legacy technology — are still holding many back.

The “Money Mobility Tracker®” examines the meteoric rise of digital wallets. It also looks at how payment providers can help small merchants overcome concerns about security, complexity and technology to offer this payment method to their customers.

—Convenience Translates to Higher Use — and Spending
—Broadening Merchant Adoption of Digital Wallets
—Consumers Crave Additional Uses and Features in Digital Wallets

@ Newshounds News™

Read more:  PYMNTS 

~~~~~~~~~

HOW DO YOU INVEST IN TOKENIZED GOLD AND SILVER?

"In recent years, the concept of tokenizing real-world assets (RWAs) has gained significant traction in the world of finance and investment. RWAs refer to the process of representing physical or financial assets on a blockchain through the use of tokens. This innovative approach has opened up new opportunities for investors, particularly in the realm of precious metals."

REMEMBER THIS TERM- (RWA) Real World Assets)

"By incorporating tokenized precious metals into a well-balanced investment portfolio, investors can potentially mitigate risk and protect their wealth from the erosive effects of inflation."

The Process of Investing in Tokenized Precious Metals
"Investing in tokenized precious metals is a straightforward process, but it requires careful consideration and due diligence."

1. The first step in investing in tokenized precious metals is selecting a reputable platform or issuer. It is crucial to choose a provider with a proven track record, strong security measures, and transparent operations.

2. Understanding the custody and storage of the underlying physical assets is another critical factor when investing in tokenized precious metals. Reputable issuers should provide clear information about the location and security of the vaults where the physical precious metals are stored.

3. Once you have selected a reputable platform and evaluated the regulatory compliance, the next step is purchasing and storing the tokenized precious metals. Investors can typically buy tokenized precious metals directly from the issuer or on secondary markets, such as cryptocurrency exchanges.

4. Finally, some tokenized precious metals platforms offer the option to redeem the tokens for physical precious metals. This feature provides investors with the flexibility to convert their digital holdings into tangible assets if desired.

"One of the primary risks associated with tokenized precious metals is regulatory uncertainty and the evolving legal landscape. As highlighted in The Legal Roadmap: Tokenizing Commodities within Regulatory Frameworks, the regulatory environment for tokenized assets varies across jurisdictions, and there is a lack of clear global consensus."

@ Newshounds News™

Read more:  Block Apps

~~~~~~~~~

Why is XRP price up today?

XRP has outperformed the broader crypto market, boosted by its underbought RSI and whale interest.

Crypto market rebound boosts XRP higher
On July 17, XRP price jumped by nearly 7% to $0.618, its highest in three months, despite the sell-off fears led by the ongoing Mt. Gox reimbursement. The XRP/USD pair has climbed by around 62.20% when measured from its local low of $0.381 established on July 5.

Interestingly, the crypto market capitalization has vastly underperformed XRP’s rebound, rising by about 24.50% in the same period. In fact, XRP/USD is still down 1.71% year-to-date compared to the crypto market’s 40% returns.

This puts XRP holders in a good position to benefit from such a catch-up rally, particularly with growing interest rate cut chances in September.

"We might be on the verge of witnessing one of the most significant breakouts in crypto history," stated pseudonymous crypto trader Crypto Michael on X. He highlighted a bullish pennant pattern forming on XRP’s price chart over seven years, a rare occurrence where the price consolidates within a triangle pattern following a strong upward movement.

@ Newshounds News™

Read more:  Coin Telegraph

~~~~~~~~~

Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends

Hong Kong authorities plan to introduce a bill into the Legislative Council before year-end.

—Hong Kong's regulators published the conclusions from their consultation on a stablecoin regime.
—The next step is to prepare a bill for the Legislative Council.

Hong Kong's financial regulators said they plan to present a bill on fiat-referenced stablecoins to the Legislative Council later this year.

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) published the results of a consultation, and concluded that the stablecoin regime would "primarily focus on representations of value which rest on ledgers that are operated in a decentralised manner" in which "no person has the unilateral authority to control or materially alter its functionality or operation."

The consultation paper for stablecoin guidelines published at the end of last year received 108 submissions from stakeholders. The regulators plan to take suggestions from respondents before finalizing the bill for the legislative process.

The regulators confirmed their initial proposal that any person who issues a stablecoin in Hong Kong must obtain a license. While they say keeping reserve assets with banks licensed in Hong Kong could provide greater user protection, they are open to considering proposals on placing reserve assets in other jurisdictions.

Foreign entities intending to apply for a license will be required to establish a Hong Kong subsidiary and have key management personnel, including a CEO, in the territory.

After considering the responses, the HKMA said it is "inclined to reduce the frequency of public disclosure." It had proposed monthly attestation by an independent auditor, and will continue discussions on the matter.

Hong Kong is trying to keep pace with other major jurisdictions in becoming a leading crypto hub. Europe's MiCA stablecoin regime came into force this month and members of Congress in the U.S. are actively attempting to push forward stablecoin bills.

In March, the HKMA started a regulatory sandbox to give potential stablecoin issuers immunity in testing certain operations. In today's announcement, the HKMA said it is processing the applications for the stablecoin issuer sandbox and will announce more shortly.

@ Newshounds News™

Read more:  Coindesk, HKMA,  Coindesk Policy

~~~~~~~~~

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BRICS Overtake US and G7 According to IMF: Is it the end of Bullying?

BRICS Overtake US and G7 According to IMF: Is it the end of Bullying?

Fastepo:  7-17-2024

In recent years, the BRICS countries have shown remarkable economic dynamism, often outpacing the traditional economic powerhouses of the G7. This trend is highlighted in the latest International Monetary Fund (IMF) World Economic Outlook report, a key publication from one of the major Western-led financial institutions which is released on July 16th, 2024.

According to the IMF's projections for 2024-2025, these emerging markets are not only recovering robustly from the global disruptions of the past few years but are also establishing themselves as pivotal engines of global growth.

The IMF report underscores a significant shift in the global economic landscape. While advanced economies such as those in the G7 are expected to maintain steady but modest growth rates, the BRICS countries and their emerging market peers are projected to experience much higher growth trajectories.

 In this video, we delve into discuss the details of this report by comparing BRICS countries against G7. This divergence in growth rates is not just a temporary phenomenon but a reflection of deeper structural changes and strategic economic policies in these emerging markets.

The BRICS nations and their allies are leveraging their large populations, growing middle classes, and strategic investments in infrastructure and technology to boost their economic performance. In contrast, the G7 countries are grappling with aging populations, slower productivity growth, and the lingering effects of the financial crises and economic uncertainties.

As the IMF report indicates, the global economic center of gravity is gradually shifting towards these dynamic emerging markets.

This shift is likely to have profound implications for global trade, investment, and geopolitical relations. The sustained higher growth rates in the BRICS and other emerging economies highlight the increasing importance of these countries in driving global economic progress and underscore the need for a more inclusive and representative global economic governance structure.

https://www.youtube.com/watch?v=bI9ScJNF-6k

History of the Global Financial System by Elizabeth Rodriguez:

Note: All intel should be considered as "Rumors" until we receive official announcements ... This post is for informational purposes only. 

Excerpt from the Restored Republic via a GCR: Update as of Wed. 17 July 2024

Compiled Wed. 17 July 2024 12:01 am EST by Judy Byington

Tues. 16 July Wolverine: History of the Global Financial System by Elizabeth Rodriguez:

• King Solomon accumulated wealth, which was handed over to his successor King David and later to King Philip.

• Backing a new global financial system was an estimated 2 Million metric tons of GOLD, held by a group of Royal Asian Families, which is also known as the Dragon Family.

• In the 1930’s, the royal Asian families had seen that some of their gold and silver holdings in Southeast Asia were being plundered by the Japanese and needed to do something about it.

• In 1938, the Chinese Koumintang government sent seven warships loaded with gold and silver to the US FEDERAL RESERVE for safekeeping. In return, the Chinese were given 60 year gold bonds.

• A few years later in 1944, the infamous Bretton Woods Conference took place in which the US, France and Britain were given a 50 year mandate to modernize and transform the world for the better.

• By August 17th, 1945, President Soekarno of Indonesia had been elected “M1” or Monetary Controller of this large cache of assets, granted under United Nations Resolution MISA  81704, Operation Heavy Freedom. These assets are better known as the GLOBAL COLLATERAL ACCOUNTS and were originally intended to be used for the modernization of the world through several Humanitarian Projects.

• The Dragon Family are the legitimate Depositors of these accounts.

• By 1955, it was shown that the International Monetary Fund (IMF), which was also created at Bretton Woods, was not living up to its word and was instead serving only the interest of the banking and political elite. It was at this time that a growing alliance began to see that these funds were being used to fuel the COLD War tension and decided to strongly oppose the shady banking CABAL.

• By 1963, this alliance pooled their financial resources together to create the Green Hilton Memorial Agreement, which was signed by John F. Kennedy and President Soekarno and was finished on November 14, 1963.

• This agreement was to utilize the GLOBAL COLLATERAL ACCOUNTS for global development and Humanitarian projects (along with a new US Treasury Note, a new supernational/international note backed by gold and would bring an end to the Federal Reserve System and the C.I.A.) Just 8 days later, JFK was assass*nated.

• On November 22nd 1963 US President John Fitzgerald Kennedy was assass*nated in Dallas, Texas. Kennedy strongly opposed the military-industrial complex, which included the Federal Reserve and CIA. Kennedy had signed Executive Order 11110 into law on June 4th, 1963 which gave the president the right to issue GOLD-backed currency, and completely without permission from The Federal Reserve.

• A short time following Kennedy’s passing, President Soekarno and then President Marcos was left to continue the GREEN HILTON MEMORIAL AGREEMENT. But, Soekarno was driven from power by way of COUP.

• By 1968, the BUSH, KISSINGER, ROCKEFELLER and other influential families created a FAKE heir to the rights of the GLOBAL COLLATERAL ACCOUNTS. Up until the writing of this article in November of 2015, these accounts have been illegally and fraudulently used by the central banking system.

• By 1978, President Marcos announced the ABL program along with other ASEAN Nation leaders in a meeting at Toronto, Canada. These programs will be backed by gold to free humanity from cabalist. But, just like President Soekarno President Marcos was compelled from his work by way of people power.

• The 9/11 Connection: In 1998, 60 years after the Federal Reserve Board and the Chinese swapped gold for gold bonds, the Chinese requested their gold back. After refusal from the FED, the Chinese Koumintang government followed with a lawsuit. The International Court of Justice ruled that the FED needed to return the gold, which was later agreed upon by the FED.

• The first payment was scheduled to be delivered 12 Sept. 2001, but two days prior on 10 Sept. 2001 former defense Secretary Donald Rumsfeld announced that 2.3 Trillion dollars went missing from the Pentagon defense budget.

• Even more conspicuous, CANTOR FITZGERALD SECURITIES, the company that was handling the paper work for the gold to be delivered back to the Chinese, was inside One World Trade Center on floors 101-105. All 658 of their employees were m*rdered on that day as the towers fell and the gold was not returned to the Chinese.

• GOBAL COLLATERAL ACCOUNTS have devout keepers who watch over them and protect them as Humanity’s assets, not their own. These “keepers” exist all over the world, and go unknown to the general public, again for obvious security reasons. These Global Collateral Accounts underwrite every sovereign bond, currency, debt instrument in our modern banking system without exception regardless of the amount of debt instruments produced, as they can cover any man made debt. These Global Collateral Accounts have an advanced control system which has been under constant attack since the late 1700’s.

• The current Western Banking Elite have attempted to both steal and replace the Global Collateral Accounts system through means of WAR, Treachery, M*rder and Corruption.

• The Asian Investment and Infrastructure Bank (AIIB) is a Chinese Elder creation, with exclusive oversight privileges separate from any government, including the China and Russia.

• However, the BRICS Alliance was also created to publicly acknowledge the collection of sovereign nation states committed to following the financial principals of the Chinese Elders and European Sovereigns, who in return for this pledge, get to leverage generations of social benefit loans/funds against the hard-asset base of the Global Collateral Accounts.

• Any sovereign nation not abiding by these Chinese Elder/European Sovereign financial principles simply is not allowed to join the AIIB, and thus excluded from accessing Global Collateral Asset Wealth. No sovereign nation may trade or commence in banking activities with any nation not a good standing member of the AIIB. Nations are either in with the Chinese Elders or they’re out.

• There are no more in-between games being played after what’s gone on these last 70 years. All 2008, 2015 and 2016 turbulent market crashes were attempts by existing Western Banking System families to retain the illusion of financial dominance and control which they technically never had.

• The effort has failed. Thus all conflicts, be Financial or Military are now being publicly resolved by the Chinese Elders/European Sovereigns as to reset humanity and all cultures, back onto a moral fundamental platform backed in tangible assets, still underwritten by the Global Collateral Accounts or GCR.

• Now is the time, our time that everything is happening according to his plan. 11 Nov. 2018 was the date the world started to transform from a fiat currency to a gold backed currency thus free humanity from slavery over cabalist once the new financial system was fully operational.

• The QUANTUM FINANCIAL SYSYTEM will be the system in transforming the world through Humanitarian Projects as oversee by the Chinese Elders with the keepers to promote equality amongst Nation for a generally peaceful world.

• Once the new QUANTUM FINANCIAL SYSTEM is in place the Philippine Peso (PHP) is set to significantly increase in value.

• The PHILIPPINES still holds a significant amount of GOLD from Japanese occupation during WWII. This Gold has been keeping the PHP from rising/falling over decades.

• The new QUANTUM FINANCIAL SYSTEM (QFS) has been announced along with the RV in a Spanish by CNN but with no explanation yet.

• All HUMANITARIAN, INFRASTRUCTURE, AND JOB PRODUCING  projects has  been given a green light with funds on a holding bank which cannot be disclosed as of this time.

• It’s so interesting what’s going on absolutely PHENOMENAL. TR says he is working directly with the SOVEREIGN COMMITTEE which is the grandfather CHINESE and they control most of the assets of the world that are part of this, let’s say, new system. Code name MEI-HUA is one of these groups representing these historical and inherited assets in the IQP.

• “As the sovereign committee, we have our own SOVEREIGN BANK and we’re doing these transactions right now. We’re telling this C C, “ You show us how you got this, and we’ll fund this deal by the end of the week. “That’s how things work.

• The innocent country like the PHILIPPINES must be given allowance for retribution for all the destruction that’s been done.

https://dinarchronicles.com/2024/07/17/restored-republic-via-a-gcr-update-as-of-july-17-2024/

News, Rumors and Opinions Wednesday AM 7-17-2024

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. 17 July 2024

Compiled Wed. 17 July 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 16 July 2024 MarkZ: “Some of the Zim charity platforms may go first – is what I am suddenly hearing. Maybe even before some of the Historic bonds. So I am hearing positive things for those who aggregated Zim for humanitarian reasons. That being said…..I heard that the initial releases of money are being pushed very hard for humanitarians. That is the priority. But this does not mean there is a delay for us currency holders, just that humanitarian projects are the priority.  I am getting that from bunches of sources. I have also had a number of sources from groups reach out over the last 12-14 hours that if we have projects to submit- be sure to get those dusted off and prepared and ready.”

~~~~~~~~~~

Tues. 16 July 2024 Bruce:

Sources are talking of this going by Thurs. 18 July.

We should be notified to set appointments sometime between now and Thurs. 18 July.

Money is moving and Bond Holders are to receive email tomorrow Wed. 17 July for access to their monies on Thurs. 18 July.

A strong contact in Iraq is in touch with high people in Erbil – that are saying the budget and rate will be published in tomorrow’s Gazette Wed. 17 July.

Gesara is to be announced.

If you are a Zim or Currency Holder you should receive the R&R at the time of your exchange.

If you are not a currency holder you should receive your R&R by the end of July.

Tues. 16 July 2024: GESARA: The Hands Of God! This Is Wealth Creation! (VIDEO) – American Media Group (amg-news.com)

Mon. 15 July 2024: UPDATE: New List of Banks That are Connected to The QFS System or are Being Connected – QFS + RTGS Trust The Plan! – American Media Group BOOM! A New List of Banks That are Connected to the QFS System or are Being Connected – QFS + RTGS Trust the Plan! (amg-news.com)

~~~~~~~~~~

Global Financial Crisis:

 Tues. 16 July 2024: It’s a done deal! We’re about to take a significant leap forward. While things may get tougher before they improve, the Quantum Leap is now fully underway! …US Debt Clock on Telegram

Tues. 16 July 2024: BRICS to use Crypto for its new payment system, Chairman of the Russian Federation Council says. https://x.com/BRICSinfo/status/1813002862424957031

Tues. 16 July 2024: THE EUROPEAN CENTRAL BANK IS SET TO DELAY THE OUTCOME OF A LARGE-SCALE INVESTIGATION INTO HIGH-RISK LOANS FROM BANKS. Nobody should be surprised.  https://x.com/goldtelegraph_/status/1813039825089405329?s=46

Tues. 16 July 2024 Japan: It is getting sad in Japan. Japan is warning that the country is ready to take all possible measures in the currency market. This is what desperation looks like. https://x.com/goldtelegraph_/status/1813073390250696805?s=46

Tues. 16 July 2024 Australia Guy: “ATMs still down today. I needed 50 cash and had to buy something from the shop so they would let me get cash out. They gave me nearly all they had left. Cash is running out and ATMs don’t work.”

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Wars and Rumors of Wars:

Tues. 16 July 2024 Iran: “Western Union has ceased operations in Iraq following instructions from the US Federal Reserve Board. The US has begun to abandon Iraq by restricting the use of dollars and abandoning purchases of Iraqi oil.” Jalil Al Rami: “Tampering with electronic platforms has had a negative impact on the parallel market.” …Jalil Al Rami – Economic Expert

Tues. 16 July 2024 Iran: Iran says it’s ready to supply oil and gas to all BRICS countries. “Iran can provide oil and gas to BRICS countries to meet their energy needs, and in return, other member states can take steps to meet Iran’s needs in various banking and trade exchange sectors.”

Read full post here:  https://dinarchronicles.com/2024/07/17/restored-republic-via-a-gcr-update-as-of-july-17-2024/

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:
Sudani said we have a new currency... FRANK:  They're not talking about the 3-zero notes...They're talking about the new currency that's going to match a new exchange rate.  FIREFLY:  Any new currency will have to be lower notes...

Pompey Peter  Deputy Prime Minister of Iraq has been in Washington that's well covered in articles...The CBI governor was also in Washington.  We believe there is a possibility that a higher rate was being discussed which could have been the purpose of the "whites of the eyes" meeting while these gentleman were in the United States...Just an opinion that a higher rate may have been involved and that needed not any approval but support and discussion with support.

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ALERT: U.S. Banks Report Losses & Increase Reserves for Losses Amid 23% Surge in Delinquencies

Lena Petrova:  7-16-2024

https://www.youtube.com/watch?v=aQmW2QVVphQ

Andy Schectman: Gold, Silver Rally As Traders Price '98% Probability' of Sept Rate Cut

Arcadia Economics:  7-16-2024

Andy Schectman: Gold, Silver Rally As Traders Price '98% Probability' of Sept Rate Cut In a year that began with expectations of rate cuts that haven't yet come, it's increasingly appearing that the wait may be coming to an end.

Because as of Tuesday morning, the futures market is now pricing in a 98% probability of a rate cut by the September meeting.

https://www.youtube.com/watch?v=hpgpo6bqYCY

Tidbits From TNT” Wednesday Morning 7-17-2024

TNT:

Tishwash:  this video is not coming from the CBI or iraq   this video is from Saudi Arabia just fyi

Video that Frank showed tonight

This is the information they have typed below the video on Youtube

“The project to delete zeros from the currency is still in place,” this was confirmed by the Governor of the Central Bank, Ali Al-Alaq, in his latest statements about the project to delete three zeros from the Iraqi dinar. So what does that mean?

The policy of deleting zeros from the currency means, for example, that the value of a one-thousand note is 1,000 dinars, and will be replaced by a note worth one dinar of the new currency.

Iraq is not the only country that resorts to the policy of deleting zeros from the currency, but there are seventy-70 cases that the world has witnessed since the year one thousand nine hundred and sixty 1960, including

Türkiye: Deleted six zeros from its currency in 2005

Zimbabwe: deleted twelve 12 zeros from its currency in 2009.

And Venezuela: Five zeros were deleted in 2018

 But how will the Iraqi economy be affected by deleting the zeros if it is implemented? Although the actual value of the money that people own does not change after deleting the zeros, this step contributes to simplifying the buying and selling processes for individuals and companies.

It makes financial amounts simpler and more understandable. Instead of dealing with huge numbers such as one million 1,000,000 Iraqi dinars, they can be converted into one thousand 1,000 dinars only after deleting three zeros.

Removing zeros may also help in issuing small currencies such as coins, enabling small commodities to be repriced at lower prices. It gives a positive psychological boost to citizens that the Iraqi dinar can now buy more goods and services.

Therefore, countries aim by deleting the zeros to restore confidence in the local currency among citizens and investors

The demand for it increases, and the local currency becomes more competitive with foreign currencies and its exchange for other currencies decreases.

 The policy of deleting zeros is often linked to broader economic reforms, such as raising interest rates on bank deposits, to encourage people to save within banks and benefit from high interest on their bank deposits, in an attempt to withdraw liquidity from the market, reduce consumption and decline in prices.

Then exploit this liquidity to expand productive projects, attract local and foreign investments within the country and create many job opportunities to eventually revive the local economy.

But on the other hand, deleting the zeros may cost Iraq money to print new banknotes to no avail. For example, after eliminating 3 zeros from the Iraqi dinar, when we talk about a 200 dinar banknote, it is actually equivalent to 200,000 dinars.

 Therefore, it may be necessary to print 4 more 50 dinar notes instead of the 50,000 dinar note.

However, this may not have a clear impact on improving the local economy if it is not part of an economic reform package that helps reduce the amount of money circulating among people and stimulate the economy.

Especially since Iraq's economy is an oil economy that needs to stimulate other productive sectors to drive the local economy

Could deleting the zeros from the Iraqi dinar be a real start to stimulating Iraq's economy?

https://youtu.be/kTL-jZko4GE

Tishwash:  Iraq and Vietnam discuss tea farm mechanisms and ways to develop them

The General Company for Foodstuff Trading at the Ministry of Trade discussed with the Vietnamese side the mechanisms of the tea farm and ways to develop it.

The Ministry of Trade's media stated in a statement received by the Iraqi News Agency (INA), that "the General Company for Foodstuff Trading at the Ministry of Trade held a joint meeting (online) today, Tuesday, with the Vietnamese side to discuss the mechanisms of the tea farm's work and ways to develop it, headed by its Director General, Lama Al-Moussawi, in the presence of the departments of financial, legal and import affairs." 

Al-Moussawi said, according to the statement, that "the meeting discussed the mechanisms that would develop the work by introducing modern mechanization in the packaging and sorting processes of tea types prepared for marketing, in addition to purchasing new plants to increase production,"

Indicating that "during the meeting, the Vietnamese side was asked to prepare technical and financial studies regarding the development of the work, which expressed its satisfaction with the level of accuracy and transparency in the dealings adopted by the General Company for Foodstuff Trading, which contributed to obtaining positive results for both parties."   link

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This is the volume of our trade with Iran.. An economist reveals the reasons for the dollar problem inside Iraq

Economic expert, Munir Al-Abidi, revealed today, Tuesday (July 16, 2024), the volume of trade between Iraq and Iran, while indicating that the dollar problem in Iraq is not due to official trade.

Al-Obaidi said in a clarification he published on Facebook, which was followed by "Baghdad Today", "The Iranians say that our trade with Iraq during three months amounts to 3 billion dollars, distributed as 1.2 billion to meet the need for gas, 700 million dollars for electricity, while 200 dollars are for food, and another 200 million for iron trade."

He added, "This means that the value of food and iron during the year amounts to only 1.5 billion dollars annually," indicating that "some say that our trade with Iran amounts to 12 or 14 billion dollars, which is the reason for the dollar crisis."

Al-Obaidi said, "Our official trade for the private sector does not exceed 3 billion dollars with Iran and does not exceed 300 million dollars with Syria," stressing that "the problem with the dollar is not the official trade with Iran and Syria."

He pointed out that "the problem of the demand for dollars in the local market is to cover the needs of other types of informal and illegal trade, most notably drugs," stressing that "all this fuss, crying and wailing in the channels is to reopen the money channels for this trade  link

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Tishwash:  Drones target Ain al-Asad Air Base in western Iraq

Two drones targeted the vicinity of Ain al-Asad Air Base in western Iraq, where Global Coalition forces are stationed, an Iraqi security source reported on Tuesday evening.

The source, speaking to Shafaq News Agency, confirmed the attack but did not provide further details on casualties or damage.

Earlier this year, factions within the Islamic Resistance in Iraq (IRI) had announced a halt to operations against US forces in Iraq, leading to a period of relative calm.

This drone attack marks a resumption of hostilities.

IRI refers to Tehran's military allies in Iraq, such as Kata’ib Hezbollah and Harakat Al-Nujabaa, it is a part of the "Axis of Resistance" alongside Lebanon's Hezbollah, Yemen's Ansarallah (Houthis), and other Iran-backed factions.

All groups within the Axis have declared that their attacks will persist until a ceasefire is achieved in the Gaza Strip, where Israel's actions have resulted in the deaths of over 39,289 Palestinians, predominantly children and women. link

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Mot: This Journey Has Been Really Hard on My Fairy GodMother!!!.........

When I Started the Journey

Just Last Week!!

“Inflationary Forces”? Duh

“Inflationary Forces”? Duh 

Notes From the Field By James Hickman / Simon Black 7-16-24

Jamie Dimon is the CEO of JP Morgan Chase, one of the world’s largest banks. And last week he issued a stern warning on the bank’s quarterly earnings call that “multiple inflationary forces” are still lurking.

File that one away under “duh”. It should be completely obvious to just about anyone paying attention to the world that many of the key drivers that rocketed inflation higher are still with us.

The Federal Reserve, of course, desperately wants to pretend that inflation is in the rear-view mirror, never to return. And they keep insisting that the downward trend of inflation justifies their interest rate cuts.

But as Mr. Dimon points out, “large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world” all create high risk of substantial inflation.

We agree with him.

“Remilitarization of the world”, i.e. conflict, is very expensive. The very nature of war means consuming vast quantities of resources to produce munitions that will destroy your adversaries’ resources.

Most governments don’t have the money to do this. The last time the United States was able to fund a war without going into debt was the Spanish-American War in 1898. Every other war, or even preparation for war, required significant additional debt... which ultimately resulted in printing more money.

So, in the end, warfare means more money in the system, but fewer resources. This is the very definition of inflation.

Dimon mentions trade disputes as well, which are also very expensive.

Free trade creates wealth. It allows countries and producers to specialize in what they do best, and trade for what other countries do best.

Germany is great at high tech manufacturing, pharmaceuticals, and various other industries. But they can’t produce bananas to save their life.

Fortunately, Guatemala exists. Guatemala has no high-tech industry. But they’re great at bananas. It’s a sensible trade.

When nations are in dispute with one another, trade breaks down and they start having to produce goods and services where they have no expertise.

Sometimes it works out; in one of their endless wars with France, Britain boycotted French wine... and in the process, accidentally invented port. But usually, such inefficiencies create a lot of inflation.

Dimon also mentions infrastructure needs. And that’s a massive understatement.

The US highway system is deteriorating. Amtrak is blowing money without any serious improvements. California is tens of billions of dollars over budget, and several years late, for a high-speed rail it promised from San Francisco to Los Angeles.

It doesn’t help that they put $1 trillion in the hands of an incompetent diversity hire like Transportation Secretary Pete Buttigieg.

All of this money will need to be conjured out of thin air by the central bank, which, again, is inflationary.

Lastly, Dimon also references “large fiscal deficits”, which is putting it politely.

We’ve said it many times— the government’s own internal projections expect an extra $22 TRILLION in deficit spending (i.e. new debt) on top of the $35 trillion national debt, over the next decade. Most of that will come within the next five years.

Deficits are inflationary, as we have seen over the past few years.

To be fair, there are some potential deflationary forces as well.

Increases in productivity are very deflationary. Technology, driven by artificial intelligence, could be monumental in improving productivity and keeping prices down.

Yet there are also a lot of people in government (and even within the AI industry), trying to slow down development and hold back AI.

Capitalism— which encourages competition to offer the best quality goods and services at the lowest prices— is also deflationary.

Unfortunately, many people in power despise capitalism and rail against it as racist, misogynist, or bad for the planet.

To Read More:   https://www.schiffsovereign.com/trends/inflationary-forces-duh-151157/

More News, Rumors and Opinions Tuesday PM 7-16-2024

TNT:

Tishwash:  Minister of Trade arrives in Geneva to head the negotiating team for Iraq's accession to the World Trade Organization

On Tuesday, Minister of Trade Athir Dawood Salman headed the negotiating team for Iraq’s accession to the World Trade Organization in Geneva, while indicating that Iraq would proceed with its accession to the global organization.

The Ministry of Trade said in a statement, seen by "Economy News", that "Minister of Trade Athir Dawood Salman arrived in Geneva today, Tuesday, at the head of the Iraqi negotiating team for Iraq's accession to the World Trade Organization to attend the third meeting of the working group for Iraq's accession, 16 years after the second meeting was held."

It added that "Iraq is proceeding, through the national committee concerned with its accession to the World Organization, which is headed by the Minister of Trade, to complete its procedures to complete the required files and support reforms and legislation to be in line with the market system and enhance the country's economic capabilities to complete the requirements of the next stage of the accession process

Explaining that "the preparatory meetings of the Iraqi negotiating team are continuing at the headquarters of the World Trade Organization in Geneva, in preparation for the third meeting of the working group for Iraq's accession, which will be held this week  link

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:
My bank guy just flat out came out and told me, to be honest with you I think it will reinstate to what it was before and then it's going to float like any other international currency...It's more from the rumor mill.  FRANK:  I know it's going to reinstate.  You know it.  The money exchangers know it, that's why they went ape %$^%.  That's why they're happy! ...This is the 3rd time your bank friend tells you $3.22 and it will float...That is the most logical thing for the CBI to do.

Militia Man  They pushed out the HOR meeting till after this next holiday which is on the 17th...The WTO meeting they say is on the 18th unless their calendar changes.  I highly suspect that won't be the case.  They set the stage for the presidency to be done on the 20th.  Those are the things we're looking at today...I hope you guys understand what we're seeing is powerful and I'm pretty excited and I think everybody else should be.  It's really looking good...

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KTFA:

Clare:  Iraq Resumes WTO Accession Talks After 16-Year Hiatus

16th July 2024 By John Lee.

Iraqi Trade Minister Athir Dawood Al-Ghurairi announced the resumption of preliminary meetings for Iraq's accession to the World Trade Organization (WTO) after a 16-year pause.

The Iraqi negotiation teams have started preparatory meetings at the WTO headquarters in Geneva, preparing for the third working group meeting on Iraq's accession.

According to a statement from the Ministry's media office, Riyad Fakher Al-Hashemi, Director General of the Foreign Economic Relations Department, indicated that the first preparatory meeting was held with the WTO's Accession Section Director and experts in goods, services, and intellectual property.

This meeting, chaired by Al-Hashemi and including negotiators from various Iraqi ministries and the Kurdistan Region, discussed key files and documents previously submitted by Iraq.

The third official working group meeting, to be led by the Trade Minister representing Iraq, will review the completed files and documents prepared by the national committee responsible for the accession. This marks a significant step as the Iraqi negotiation team reaches a high level of expertise in dealing with complex issues related to WTO membership.

(Source: Ministry of Trade)   LINK

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Clare:  Third round of negotiations for Iraq's accession to the World Trade Organization

7/16/2024

Minister of Trade Athir Dawood Salman arrived today, Tuesday, in the city of Geneva, Switzerland, at the head of the Iraqi team negotiating Iraq’s accession to the World Trade Organization to attend the third meeting of the working group on Iraq’s accession, 16 years after the second meeting was held

The statement of the Ministry's media office, a copy of which was received by {Euphrates News}, indicated that "Iraq is proceeding, through the national committee concerned with its accession to the World Organization, which is headed by the Minister of Trade, to complete its procedures to accomplish the required files and support reforms and legislation to be in line with the market system and enhance the country's economic capabilities to complete the requirements of the next stage of the accession process." 

The statement noted that "the preparatory meetings of the Iraqi negotiating team are continuing at the headquarters of the World Trade Organization in Geneva, in preparation for the third meeting of the working group on Iraq's accession, which will be held this week." LINK

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EMERGENCY ANNOUNCEMENT Vietnam Decree 52

Edu Matrix:  7-16-2024

EMERGENCY ANNOUNCEMENT Vietnam Decree 52 - Major Financial Changes in Vietnam. IQD Investors, watch carefully.

 https://www.youtube.com/watch?v=e4xHtO-16Sw

The Market Cracks Are Growing WIDER

Lynette Zang:  7-16-2024

Today we are talking about the markets cracks opening up and exposing truths like the S&P 500 being propped up by 7 companies out of 500 which are the only ones to remain with positiveuoearnings and what these false market highs really mean for you...

https://www.youtube.com/watch?v=I9jIyZSGs0U

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 7-16-24

Good Afternoon Dinar Recaps,

FIVE CENTRAL BANKS HAVE INTERCONNECTED THEIR INSTANT PAYMENT SYSTEMS

"Five central banks have interconnected their instant payment systems, creating a framework for faster and more affordable cross-border payments globally.

These include the central banks of India, Malaysia, the Philippines, Singapore, and Thailand."

CLICK THE LINK TO WATCH THE SHORT VIDEO- VERY INFORMATIVE

While watching the video remember that Ripple is a member of the BIS cross-border Payments interoperability and Extention (PIE) taskforce.

@ Newshounds News™

Read and See more:  Twitter

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IRAQ RESUMES NEGOTIATIONS TO JOIN WTO

Baghdad (IraqiNews.com) – The Iraqi Minister of Trade, Atheer Al-Ghurairi, declared on Monday that discussions to join the World Trade Organization (WTO) had resumed after more than a 16-year break.

A statement issued by the Trade Ministry revealed that Iraqi negotiating teams began their preparatory meetings at the WTO’s headquarters in Geneva, Switzerland, in preparation for the third meeting that will discuss Iraq’s accession, the Iraqi News Agency (INA) reported.

During his participation in the 13th Ministerial Conference of the WTO held last February in the UAE capital, Abu Dhabi, Al-Ghurairi affirmed that Iraq fulfilled the conditions necessary to become a member of the WTO following the completion of economic reforms and the enhancement of the investment climate.

The Iraqi Trade Minister indicated that Baghdad finalized issues related to goods and services in accordance with the deadlines set for integration into the international trade system.

The Iraqi government expressed interest in joining the WTO after submitting a request to do so in 2004. Iraq needed to be a member of the multilateral international trade system in order to regain its place as a major player in the global economy.

In addition to debating the future of the global trade movement in light of current challenges, Al-Ghurairi said that the conference sends a strong message to the countries of the world about the value of joining this organization.

The Iraqi official added that Iraq is attempting to expand its commercial and economic connections around the world in order to create new opportunities for collaboration.

@ Newshounds News™

Read more:  Iraw News

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Japanese tokenized deposit platform DCJPY starts production testing

DeCurret DCP, the company behind the DCJPY tokenized deposit network, said it has started production testing of the network. It expects to go into production in August. DeCurret runs the Japanese Digital Currency Forum, which has more than a hundred corporate and government participants who are exploring a broad range of applications that use digital currencies for settlement. DeCurret also raised significant funding from several big names, including MUFG, SMBC and SBI Holdings.

However, they are not participants in the first application, which uses on-chain bank deposits to pay for tokenized renewable energy certificates (RECs). The Internet Initiative Japan (IIJ) recently became a member of the Japan Electric Power Exchange (JEPX) to procure RECs on behalf of its data center clients. Now it plans to convert the RECs into digital tokens and settle transactions with tokenized deposits from GMO Aozora Net Bank.

In the future DeCurret DCP wants to expand the application by including electricity retailers, power companies and carbon trading exchanges.

The key benefits of on-chain payment is it eliminates settlement risk because the asset and money exchange simultaneously. Another advantage is automation, with programmability payments enabling a vast range of use cases.

The DCJPY Network consists of two separate blockchains, a Business Zone(s) and a Financial Zone. Only banks are present in the Financial Zone and this is where they tokenize the deposits and the DCJPY transfers actually happen. The transfer of the asset is recorded in the Business Zone. However, so are the instructions to transfer the DCJPY (but not the actual transfer). This requires synchronization between the two blockchain zones. DeCurret DCP uses the Inter-Blockchain Communication Protocol (IBC) from Cosmos.

Meanwhile, a recent DeCurret DCP survey showed a luke warm appetite for digital currencies from enterprises. Out of 100 companies surveyed, 26% aim to use digital currency in one to three years. Just over two thirds of those with plans are members of the Digital Currency Forum.

Japan’s approach to digital currencies
Japan is one of the most advanced economies in terms of legal support for digital currencies. It passed legislation that supports three types of stablecoins. These include two bank related ones – stablecoins backed by bank deposits and third party reserve backed stablecoins where the reserves are managed by trust banks. Hence, in the realm of digital currency, DCJPY faces competition at launch.

@ Newshounds News™

Read more:  Ledger Insights

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BRICS: EVERY AFRICAN COUNTRY PREPARING TO JOIN the ALLIANCE

"Former Ethiopian speaker of the house Agegnehu Teshager revealed that all African countries are interested in joining the BRICS alliance. His statement comes at a time when developing countries are looking to sideline the US dollar and use local currencies."

"Developing countries are finding the BRICS de-dollarization agenda lucrative as the initiative can boost their native economies and local currencies. "

"“Africa is a great potential for BRICS, most African countries have an appetite to be a member of the alliance,” he said. The former speaker continued, “Africa’s economy is developing and the continent is interested in the BRICS alliance.”  

"Ethiopia is the new entrant in the BRICS alliance and is the second African nation apart from South Africa to be a part of the grouping. The bloc might invite many other countries during the 16th summit and expand the alliance in 2024. However, there is no clear information on which countries might receive the invitation."

NOTE: JUST BECAUSE A COUNTRY EXPRESSES INTEREST IN BECOMING A MEMBER OF BRICS DOESN'T MEAN THEY ARE AUTOMATICALLY A MEMBER. THERE IS A PROCESS TO MEMBERSHIP..  

@ Newshounds News™

Read more:  Watcher Guru

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Cardano (ADA) Price Surges 40% as $240M TVL and Ethereum ETFs Emerge Bullish Catalysts

Cardano (ADA) has experienced a significant price surge, trading at $0.44, up 40% over the last ten days, fueled by several internal and external factors that are generating renewed investor interest and optimism.

Cardano Price Crosses $0.45 First Time in 10-Days

After having dropped to historic lows on Friday July 5, a positive shift in the US macroeconomic environment has provided a favorable backdrop for ADA’s recent rebound phase.  Positive Non-Farm Payroll (NFP) and Consumer Price Index (CPI) data have bolstered investor confidence in the economic outlook, supporting the overall cryptocurrency market.

Furthermore, the anticipation of Ethereum ETFs expected to launch soon has spilled over into the altcoin market, including Cardano, as investors look for promising opportunities beyond Bitcoin and Ethereum.

@ Newshounds News™

Reas more:  The Crypto Basic

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