Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 7-24-24

Good Afternoon Dinar Recaps,

PUTIN WANTS RUSSIA TO EMBRACE THE DIGITAL RUBLE

"The digital ruble has proven its viability and it is time to move on to a wider use of the currency, Russian President Vladimir Putin said at a meeting about the economy."

"Digital currency works much the same way as national currencies used by central banks of various countries, making transactions more transparent and easier to track. 

Russia is not the first country to think about going digital; the leader in this sphere is China, which was among the first nations to widely introduce digital currency with the digital yuan, Natalya Milchakova, lead analyst at Freedom Finance Global, explained to Izvestia. Only a few countries have fully switched over to using digital currencies, mostly countries in the Caribbean, such as the Bahamas and Jamaica."

""Russia wants to be at the cutting edge of modern technologies, including financial services. The DFA (tokens) market is already taking off in the country, including those issued by major industrial enterprises in order to inject money into promising projects," Milchakova explained.

Putin wants to take this a step further: to move on to a wider large-scale implementation of the digital ruble in the economy, business and finance. This may help the government in terms of controlling the budget, cutting the cost of budget payments and easing trans-border transactions."

"The digital ruble has a chance to become a full-fledged payment instrument for individuals and companies but to make this a reality, the government has a lot of work to do, and it must learn from past mistakes made by other countries when implementing such currencies.

There, people saw certain risks for financial confidentiality or restrictions of financial freedom," the legislator noted in a conversation with Izvestia."

@ Newshounds News™

Read more:  TASS

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WHAT IS "JUNK SILVER?"

"United States 90% silver coins were minted to be used as money, were used as money, and could be used as money again.  Minted before 1965, they are called junk silver coins because they have no collector or numismatic value.  The coins are bought and sold for the value of their silver content."

"When minted, a bag of 90% junk silver coins contained 723 ounces of silver, but because of wear a smelted bag of dimes or quarters will net about 715 ounces. A bag of half-dollars will net a little more, maybe 718-720 ounces because half-dollars did not circulate as much as dimes and quarters, and, therefore, did not suffer as much wear."

"Because a “bag” ($1000 face) contains approximately 715 ounces of silver, it tracks the spot price of silver. If silver goes up ten cents, a bag of US silver coins rises $70 or so; however, when junk silver coins are in short supply their premiums can increase."

"Although many investors buy junk silver coins as bullion investments, other investors buy junk US silver coins for “survival purposes.” These buyers fear the worst for the dollar, that it will be printed until it becomes worthless. If this “worst-case scenario” were to become reality, US silver coins would be used for the purpose they were originally minted: as money."

@ Newshounds News™

Read more:  CMI Gold & Silver

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 STABLECOIN ACTIVITY IN ARGENTINA

"A graph of Bitso crypto exchange activity in Argentina demonstrates the high level interest in stablecoins. Stablecoins entirely dominate the daily volumes as opposed to other cryptocurrencies. It would be easy to assume that Argentinians are not interested in Bitcoin, but that’s not quite true."

"At first we thought there might be a mistake. However, there are several rationales for both these graphs to be accurate. 

Take the scenario of someone who lives in Argentina. When they receive their wages they convert them to dollar stablecoins. Then whenever they want to spend money, they draw down dollars. That would create a lot of stablecoin activity. The same person could still have their savings in Bitcoin. Hence. the daily transactions could be evidence of everyday spending."

@ Newshounds News™

Read more:  Ledger Insights

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What’s keeping silver down while gold hold above $2,400?

"(Kitco News) - Gold has been able to maintain a solid uptrend, building a new base with each rally; however, this momentum has not filtered through the entire sector as silver struggles to find its footing."

"While gold is fighting for support at higher lows around $2,400 an ounce, silver is struggling around $29 an ounce. Silver's underperformance compared to the yellow metal has pushed the gold/silver ratio to its highest level in two months, back above 82 points."

"Some analysts have said that gold is benefiting as a safe-haven asset because of rising geopolitical uncertainty, fueled by the U.S. elections in November."

“Silver usually follows the price movements of gold disproportionately. However, this has recently only applied to the downside. The previous upward movement in gold following the US inflation figures was more or less ignored by silver,” said Carsten Fritsch, Commodity Analyst at Commerzbank.

“The relative weakness in silver is likely due to the weakness in base metals. This is because industrial applications are expected to account for almost 60% of silver demand this year.”

"Although silver continues to struggle, many investors are still not ready to give up on the precious metal. In a recent interview with Kitco News, Robert Minter, Director Of Investment Strategy at abrdn, said that he expects silver to eventually outperform gold as the Federal Reserve starts to cut interest rates."

@ Newshounds News™

Read more:  Kitco

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SENATOR CYNTHIA LUMMIS RELEASES REPORT ATTACKING BIDEN'S MINING TAX

The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

On July 23, Senator Cynthia Lummis released a report arguing against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners.

The report, titled "Powering Down Progress: Why A Bitcoin Mining Tax Hurts America", put the Bitcoin
BTC mining industry into sharper focus, highlighting the benefits of the critical mining infrastructure to the United States' energy grid.

Lummis cited the Bitcoin Energy and Emissions Sustainability Tracker as evidence that Bitcoin mining is cleaner than is commonly imagined, noting that up to 52.6% of BTC mining might be emissions-free.

A breakdown of sustainable Bitcoin mining. Source: Batcoinz

The pro-crypto senator then turned her attention to the increasing role of Bitcoin mining facilities in securing the energy grid. Mining facilities represent large, dynamic electrical loads that can be used to balance and redistribute energy to electrical grids during times of need.

Perhaps no other example illustrates this more than the ongoing efforts between the Electrical Reliability Council of Texas (ERCOT) and Bitcoin miners to stabilize electrical grids. The GOP lawmaker explained that in 2022, Bitcoin miners were able to sell 1500 megawatts of energy back to the grid during peak demand. A similar pattern played out in 2024, with Bitcoin mining infrastructure acting as a Controllable Load Resource for Texas’ grid during winter storm Heather.

A 30% tax would hurt the environment that regulators claim to protect
The Wyoming senator explained that levying a 30% excise tax on Bitcoin miners would disincentivize them from seeking sustainable forms of energy and novel energy recycling techniques. Although Lummis gave the example of sequestering methane from trash dumps to mine Bitcoin, similar examples can be seen in El Salvador, where the government mined 474 Bitcoin using volcanic energy.

Another example of the energy efficiencies introduced by Bitcoin mining can be found in the Satakunta region of Finland, where an entire community of 11,000 individuals is warmed by excess heat produced by a Marathon Digital mining facility.

The mining giant also signed an agreement with Kenya’s government earlier this year to further develop the country’s renewable energy sector, a thriving industry already delivering up to 80% of the country’s energy needs.

The Laffer Curve will get the final laugh
Lummis concluded her report by arguing that increasing taxes on Bitcoin miners will lead to the industry leaving the United States, reducing the sought-after tax revenues. This inverse relationship between tax rates and tax revenue is known as the Laffer Curve.

A chart highlighting Bitcoin hashrate dominance between global powers from 2019-2022. Source: Powering Down Progress by Senator Cynthia Lummis

The senator pointed out that this has already happened in China, where the 2021 mining ban drove out the once-thriving mining industry.

Before the ban, Chinese miners controlled a majority of the Bitcoin network’s hashrate.

@ Newshounds News™

Read more:  Coin Telegraph

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What are the strongest currencies in the world? (2024)

Ever wondered which is the strongest currency in the world? There are lots of factors which can push a currency up the global rankings, from low inflation to a strong economy, to interest rates or oil and gas exports.

What is currency strength?
According to Nasdaq a strong currency is:

“A currency whose value compared to other currencies is improving, as indicated by a decrease in the direct >exchange rates for the currency”.

Put simply, the definition of a ‘strong currency’ is when a currency is worth more than another country's currency. ‘Currency strength’ refers to how strong or weak a currency is at any given time.

What are the top 10 strongest currencies?

1. Kuwaiti dinar
The Kuwaiti dinar (KWD) is the world’s strongest currency, and this is for a number of reasons. For starters, Kuwait has one of the largest oil reserves in the world.

It’s also a wealthy country, whose government has prioritised the growth of the country’s private sector, the diversification of the economy and responsible budgetary policies. All of these factors have contributed to the stability and resilience of the Kuwaiti dinar.

Today     1 USD = 0.305640 KWD     

2. Bahraini dinar
The second most valuable global currency is the Bahraini dinar (BHD). Oil and gas again play a part in the Bahraini dinar’s strength, as a major part of the country’s income derives from exports of gas and oil.

Bahrain has also become a regional financial hub, which has attracted international capital and helped to expand the country’s economy.

Today     1 USD = 0.377000 BHD   

3. Omani rial
The Omani rial (OMR) is another of the world’s strongest currencies, again thanks to exports of oil and gas. However, the government in Oman is working on lessening the country’s dependence on oil markets. It has taken steps to support other industries in order to diversify the economy, which should help to sustain the resilience of the rial.

Today    1 USD = 0.385015 OMR   

4. Jordanian dinar
The Jordanian dinar (JOD) is high up the list of the world’s strongest currencies for a combination of reasons. It is an oil and gas exporting nation, but is less dependent on this than some of its neighbours.

Other factors contributing to the dinar’s success include the actions of Jordan’s central bank, which has taken a cautious approach to monetary and fiscal policy. It is dedicated to price stability and exchange rate flexibility, as well as keeping ample foreign exchange reserves to protect against external shocks.

Today     1 USD = 0.708500 JOD

5. British pound
Now we come to a familiar currency - the British pound sterling or GBP. The pound is the fifth-strongest world currency in 2024, despite the turbulence of Brexit and uncertainty surrounding ties between the UK and the EU. The UK has also experienced political upheaval, such as the ‘mini budget’ by then-PM Liz Truss which triggered a major drop in the value of the pound.

While the pound may have experienced volatility over the last few years, it remains one of the most popularly traded currencies. Its strength and resilience is partly down to the UK’s reputation as one of the world’s biggest countries by Gross Domestic Product (GDP).

Today    1 USD = 0.773784 GBP

*️⃣NOTE:  Since this article was published the British pound has moved to 6th place and the Gibraltar pound has move up to the 5th position.

6. Gibraltar pound  
In the sixth spot on our list is the Gibraltar pound (GIP). The driving force behind its stability and strength is its relationship to the British pound (GBP). The GIP is pegged to the GBP, and the two countries maintain a close relationship.

Today    1 USD = 0.773754 GIP

7. Cayman Islands dollar    
The Cayman Islands dollar (KYD) derives its strength and stability due to the territory’s status as a leading global financial hub. The islands are home to a wide range of financial institutions, enterprises and investment funds, all attracted by a robust regulatory system, advanced banking infrastructure and advantageous tax policies.

Today    1 USD = 0.820000 KYD

8. Swiss franc
The 8th strongest global currency is the Swiss franc (CHF). The Swiss National Bank (SNB) ensures the stability of the currency with a range of crucial measures. This includes implementing monetary policy, maintaining price stability and supervising banks and the financial sector in Switzerland. All of this bolsters investor confidence in the Swiss franc.

Today    1 USD = 0.884350 CHF

9. Euro
The euro (EUR) is one of the world’s major reserve currencies, whose value is influenced by a large number of variable factors. This is because it is the currency of 20 EU member countries, all with their own economic policies.

However, monetary policy and price stability within the region is overseen by the European Central Bank (ECB). The bank has taken steps to maintain the stability and reliability of the euro, primarily by careful management of inflation.

Today    1 USD = 0.921700 EUR

10. US dollar
Last, we have the US dollar (USD) - the world’s 10th strongest currency. You might be surprised not to see the dollar higher up the list, as it is by far the most traded currency on the planet. Plus, the US economy is the biggest in the world in terms of GDP. The dollar is used to price commodities, and it’s also one of the world’s largest reserve currencies. Major US banks are also global leaders.

However, the strength of a currency is determined by complex factors, including supply and demand in the foreign exchange market.

What is the weakest currency in the world?
The Iranian rial (IRR) is the weakest currency in the world.5

What is the most traded currency in the world?
The US dollar is the world’s most traded currency.²

How is foreign currency priced?
There are two main ways that foreign currency is priced. The first uses a floating rate, which is determined by the open market through global supply and demand. If the currency is in demand, its value usually increases.

The second pricing method is a fixed rate, also known as a pegged rate. This is determined by the government through its central bank, and is set against another major global currency (such as USD or EUR, for example).

What is the most stable global currency?
The Swiss franc (CHF) is generally considered to be the most stable currency in the world in 2024.6

What is the strongest currency pair?
The strongest currency pair is the euro (EUR) and US dollar (USD),7 as it is one of the most commonly traded and both locations have large and strong economies.

How do I know which currency is stronger?
One of the easiest ways to work out which currency is stronger is to compare one currency to another, using exchange rates. A higher exchange rate suggests that a currency is stronger compared to the other.

In what country is GBP worth the most?
To determine where GBP is worth the most, you would typically look at exchange rates against other currencies. But remember that exchange rates fluctuate constantly based on factors such as economic conditions, interest rates and geopolitical events.

This means you’ll need to look at exchange rate data to see which country's currency offers the most favourable exchange rate against the British pound at any given time. When researching, watch out for hidden fees to make sure you’re getting the fairest price. At Wise, we’re transparent and upfront about the cost, we use the mid-market rate, and never hide fees*.

@ Newshounds News™

Read more:  Wise

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Chris Macintosh: We are Facing a 1 in 100-Year Financial Rebalancing

Chris Macintosh: We are Facing a 1 in 100-Year Financial Rebalancing

Palisades Gold Radio:  7-24-2024

Tom Bodrovics welcomes a new guest to the show Chris Macintosh. Chris is the founder of CapitalistExploits and a seasoned hedge fund manager with experience in seven countries.

They engage in a discussion revolving around ongoing recalibrations and rotations in capital markets, focusing primarily on the deindustrialization of the West and financialization as significant shifts over the last few decades.

Chris underlines the disconnect between Western nations' massive market caps and their actual production capabilities. He also discusses short-term changes such as the increasing dominance of few companies in the S&P 500, accounting for a substantial percentage of market capitalization, and passive capital flows from Western economies affecting investing, particularly smaller companies.

Chris expands on the potential consequences of a mere 10% rebalance in Western markets, emphasizing instability arising from massive sovereign debts, derivative markets, and potential debt cycle inflation. He highlights the anomaly of passive capital flows toward large cap stocks and the importance of asymmetry in investing for low downside risk with significant upside potential.

 Chris mentions automation selling during a downturn and seeking contrarian sectors as an alternative investment strategy. The conversation shifts to cover geopolitical risks, including the possibility of 'great taking' or conflict, having assets outside the financial system in counter-cyclical, counter-jurisdictional asset classes like food, shelter, agriculture, precious metals, and maintaining a long-term perspective.

Chris discusses the importance of education, problem-solving skills, diversification, and taking action to deal with fear. He prefers Latin and South America for living and investing.

 He advocates for banking in multiple jurisdictions and investing in cash-flowing businesses.

Time Stamp References:

0:00 – Introduction

 1:07 - Economic Overview & Trends

14:30 - Derivatives & Rebalancing

 24:14 - A Silent Bull Market

27:59 - Liquidity Analysis

31:30 - Great Taking & Risks

36:05 - Cloudstrike & Russia

39:08 - War & Capital Shifts

42:57 - Politics Stability & Capital

 49:07 - Interesting Jurisdictions

 54:19 - Banking & Diversification

58:24 - Fear, Volatility & Action

 1:04:13 - Wrap Up

Talking Points From This Episode

- The West's massive market caps vs production capabilities create instability due to debt and derivative risks.

- The impact of passive capital flows on investing, with unloved sectors offering potential protection.

 – Preparing for a rotation away from overvalued equities and towards undervalued sectors.

https://www.youtube.com/watch?v=YjrkdxSpVp8

Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained

Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained

On July 23, 2024 By Awake-In-3D

A written summary and follow up of the new BRICS Gold-Backed UNIT currency system and exchange rate pair valuations

This is a written summary of the Endgame GCR Episode 2 Podcast with Marie G. and Awake-In-3D.

Episode 2 focuses on the BRICS currency model, particularly the gold-backed UNIT system. The discussion aims to go deeper into this model, as previously discussed in Episode 1.

Episode 2 of the podcast centers on the idea of exchanging or redeeming GCR currencies and bonds for a higher exchange rate within the new gold-backed system. This system, referred to as the BRICS UNT or UNIT currency system, is designed to operate using gold backing.

Several assumptions are made for calculating currency rates within this system. These include using the price of gold per gram and considering the gold holdings of each BRICS country.

Variables such as the amount of gold each country possesses are factored in, despite some uncertainties. For instance, China’s gold purchases have continued in private channels despite official reports of cessation.

The UNT formula is composed of 40% gold and 60% currency basket. There are assumptions regarding the number and composition of the currencies in this basket. The global currency reset (GCR) aims to be gold-backed, seeking to achieve increased transparency and valuation based on each participating nation’s gold holdings.

The composition of the currency basket was also based on limited information from the UNT currency system white paper. Additionally, assumptions were made about the capabilities of digital platforms for exchanging UNT-based currencies.

The results from the calculations were impressive, even with the assumptions. The numbers and formulations were derived from the available data from BRICS and Russian government sources, resulting in fascinating insights.

In this segment, the discussion highlights the current members of the BRICS Plus alliance, which now includes ten countries: China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. Argentina, initially invited, rescinded its invitation.

Additionally, Iraq and Vietnam were mentioned but not included in the main analysis. Further detail on the IQD and VND exchange rates against a pure fiat currency (such as the USD, EUR, etc.) will be presented in a future episode of the Endgame GCR Podcast.

We present the latest gold reserves per country based on data from the International Gold Council and other sources. They acknowledge that China and Russia likely possess more gold than officially reported, as they are the largest gold producers globally.

For calculations, gold reserves are converted into grams. For instance, China has 2.262 billion grams of gold in reserves. The gold price per gram is also provided, with one gram of gold priced at 561 yuan in China and 6,765 rubles in Russia.

A critical aspect discussed is the weighted average of each country’s share of gold. The total gold reserves for the BRICS countries amount to approximately 7.5 billion grams. Due to lack of data, Ethiopia’s gold reserves are not included.

China contributes 30% to the total gold reserves, while Russia contributes 31%, making them the largest contributors as seen in the chart below.

We then explain the formula for calculating the new gold-backed currency value, or purchasing power, based on the UNT system. The formula involves a 40% gold component and a 60% currency component.

Using China as an example, with a 30% share of the total gold reserves and the gold price of 561 yuan per gram, the calculation proceeds as follows:

1. Calculate 40% of the gold component: 40% of 561 equals 224.4.

2. Multiply the 30% share by the gold price: 30% of 561 equals 168.3.

3. Take 40% of this value: 40% of 168.3 equals 67.32.

For the currency component, calculate 60% of the gold price:

• 60% of 561 equals 336.6.

Adding these components gives the value of one UNT in yuan:

• 67.32 plus 336.6 equals 403.92, approximately 404 yuan per UNT.

Additionally, this translates to the gold value, where one UNT-based Yuan equals the equivalent value of 0.72 grams of gold.

These calculations are applied to other BRICS countries, providing a comparative understanding of how the UNT system will function. This detailed explanation aims to ensure transparency and accuracy, utilizing tangible data to the best of the our abilities.

In the final part of the discussion, we address the practical implications of the new gold-backed UNT system for international trade among BRICS Plus countries. They focus on how these countries will engage in trade without relying on fiat currencies or converting into U.S. dollars.

The BRICS Plus alliance includes China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. As these countries transition to the gold-backed UNT system, they will no longer use fiat currencies for transactions.

For example, if China buys oil from Russia, they will use the UNT system rather than converting currencies to U.S. dollars.

The new currency exchange rates under the UNT system are explained using specific examples. One UNT equals 404 yuan, and one UNT equals 4,900 rubles.

This establishes a new currency pairing system for trade. The exchange rate between the yuan and ruble under the gold-backed system indicates that one gold-backed yuan is slightly less than one gold-backed ruble because Russia’s gold holdings are slightly larger than China’s.

The chart shows various currency pairings, highlighting near-parity among them. For instance, the ruble to yuan exchange rate is 1.005, while the yuan to Indian rupee exchange rate is 1.19.

This near-parity across all participating currencies is significant, as it means that countries can trade almost one-to-one using the UNT system, which contrasts sharply with current disparities in fiat currency values.

A striking comparison is made between the IQD (Iraqi dinar) and the yuan. Currently, the IQD is valued at 1,310 to one U.S. dollar, and the yuan at 7.2 to one U.S. dollar.

Under the UNT system, these currencies achieve near-parity, with the IQD and yuan exchange rate around 0.84 to 1.16. This parity provides a more balanced and equitable cross-border trading environment.

The discussion also touches on the potential implications for global trade if BRICS countries engage with fiat currency-based economies like the U.S. or Europe.

The cost of using U.S. dollars for trade would be significantly higher compared to using the UNT system. This highlights the competitive advantage and cost-effectiveness of the gold-backed system for international transactions.

We emphasize that the UNT system will create purchasing power parity (PPP) between countries, leading to a more level playing field. This system could potentially reduce the wage disparity between workers in different countries by establishing more equal currency values.

In the conclusion of this podcast episode, we reflect on the broader implications of the UNT system for global finance. We discuss the potential for increased purchasing power and liquidity within the system, driven by the inherent arbitrage opportunities.

The transition to a decentralized, blockchain-based financial system is anticipated to enhance the efficiency and fairness of international trade, aligning with the goals of the global currency reset (GCR).

The podcast underscores the profoundly transformative potential of the gold-backed UNT system, highlighting its ability to establish a more equitable and balanced global economic landscape.

Read the official BRICS UNIT (UNT) Q&A here:

Click to access unit_faq.pdf

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© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

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News, Rumors and Opinions Wednesday AM 7-24-2024

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. 24 July 2024

Compiled Wed. 24 July 2024 12:01 am EST by Judy Byington

Imminent!
Emergency Broadcast System Release Globally
Global Communication Blackout
NESARA/GESARA Release
Freedom From Debt to The Deep State Cabal
Global Currency Reset of 209 Sovereign Nations to Gold/Asset-backed Currencies

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

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Global Currency Reset:  (Opinions/Rumors)

Tues. 23 July 2024 Bruce:

The Emergency Broadcast System and Emergency Warning System will (allegedly) start on Wed. 24 July or Thurs. 25 July.

The Redemption Center screens (allegedly) showed solid rates late Tues. afternoon.

By Wed. 24 July at 9:30 EST the rates will be (allegedly) solid on the Redemption Center screens.

Staff will(allegedly)  be sent in at 10 and 2 pm to cover day on Wed. 24 July.

Tier4b (us, the Internet Group) should get notified Wed. 24 July and start that same day.

The Iraqi Dinar(allegedly)  has a Contract Rate that will be offered to US citizens – very high

Zim Holders (allegedly) have precedent going in for appointments and for Med Bed appointments

Bond Holders will (allegedly) be notified on Wed. 24 July and get access to their monies on Thurs. 25 July.

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Tues. 23 July 2024 MarkZ: Some interesting historic bond stuff. I am hearing comforting things from the bond side and this is coming from many sources….that historic paperwork –especially on the Asian bonds was sent to the Hague. I am also hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck” and seems to be moving much quicker now that the current administration is no longer delaying things. They are too preoccupied to keep slowing and stopping things right now.

Mon. 22 July 2024 Banker: “The banker is traveling back to Texas on Wednesday and is hopeful for a Thursday announcement with appointment scheduling to follow thru the weekend. We shall see.”

Tues. 23 July 2024 Wolverine:

“I am so excited. The Precatorios Platform was (allegedly) made liquid today. We are talking millions of people. Private contractors are also(allegedly)  being paid. I also heard that more have been called into Zurich. My Asian contact said that their platform starts on Wed. 24 July.”

“I have been crying a lot and full of happiness. What a day to wake up to. I received a call at 5 am this morning and listened to the yells and screams of joy from leaders in the Precotorious group! It is mindboggling that all this has been released at last. They will be blessed in a few days onto a digital wallet.  It is a Stablecoin, so they do not have to worry as that particular crypto goes down.  There will also be debit cards from wallets.  No bank will have hold on their money from a bank account. It has been absolutely phenomenal on that platform Thanks to Brazil people will enough oxygen to breathe and not worry about the help they need so much.

Last night, a certain country in Asia is (allegedly) about to release today. China as well.  They are about to be released as well. Listen to Wolvie he knows !  This is the week we have waited for – FOR all of us!!!!

Zurich Source -I was told that there was a big meeting of the London Committee this morning. Everything is in progress. Waiting for the (allegedly) start of activities tomorrow Wed. 24 July.

A committee member in London confirmed that funds will be released this afternoon in Reno and payments tomorrow Wed. 24 July.  That is, has the delivery and return of the trigger contracts (allegedly) been completed or is it still pending? Pending.

If what Zurich and London say is correct, activation payments will begin tomorrow Wed. 24 July.  Reno has liquid funds.  They received instructions to pay tomorrow morning 1. Farmers-2-Elderly -3 Platforms.

On Wednesday, to (allegedly) pay the ‘whales’.

On Thursday D-1-D-2 will be (allegedly) released.  The platforms will receive their funds tomorrow, but they must wait for D1 and D2 to go live on Thursday.  Dubai 1 and Dubai 2 provide all the money for the exchange and although the Platforms can receive your funds and send contracts, notices, etc.,

God bless you all we have finally arrived. This is the news guys. We have finally arrived. Give a big hug to your family, wife, husband, sons and daughters, we have finally arrived. This is the week we have been waiting for. And at last, Precatorios is released for millions.  We have finally arrived. God Bless you.

Five years on this, almost six years, has taken lots of toll on my health, lost my hearing as well, and I need those med beds, and hoping those will be available soon. I will be traveling very soon guys. Very soon. I will leave the channel to Carpathia and that is all from me. Have a beautiful day, love you guys, with all my heart. Wolverine.

“What are Precatorios? Around 2018, a pilot test was carried out in Brazil where funds were delivered to several holders, as part of their negotiations of financial instruments. These funds were blocked without legal justification, to which the beneficiaries responded with a lawsuit. When a ruling was not received within the stipulated time, a legal resource called Precatoria was used, which had a successful result. Because of this, the program was named that way. As within the transaction the humanitarian issue or donations are required, this is where the opportunity to participate in this program arises.

At this moment there is a start in Brazil, for the beneficiaries of this process. We must take into account the respective travel times to each representative according to their Region, then to each leader and continuing with the lists, it takes time to organize the logistics, which is why we cannot establish exact dates.

The processes was in the final stretch. The main representatives were already in training and organization to give the pass to the nations and in turn the different representatives of each nation are developing tests on the lists depending on their logistics, to have effective deliveries and fast and above all legally, for the support of each recipient.

Read full post here:  https://dinarchronicles.com/2024/07/24/restored-republic-via-a-gcr-update-as-of-july-23-2024-2/

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

Margarita   Article Quote:   "The World Trade Organization usually intervenes in the exchange rate policy when the concerned country deliberately keeps the value of its local currency low in order to improve the competitiveness of local production and encourage exports at the expense of foreign goods,"  WOW!...the wto DOES USUALLY interfere in the exchange rate policy...

MarkZ   [via PDK]  I am...hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck” and seems to be moving much quicker now that the current administration is no longer delaying things . They are too preoccupied to keep slowing and stopping things right now.

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The US Literally Cannot Repay Its National Debt.

New Money:  7-23-2024

The Congressional Budget Office has admitted that the US national debt cannot be repaid. So what's the solution from the US Government and Federal Reserve, will this weigh on the election, and what will the result be for the stock market?

CONTENTS

 0:00 The U.S. Can't Repay Its Debt

 1:00 How the Government Goes Into Debt

4:00 The Size of the Deficit

8:15 Inflating Away the Debt

 12:40 Fixing the Deficit

https://www.youtube.com/watch?v=iK5dpPzjaPA

Silver vs Fiat: The Fall of Minimum Wage in Real Terms | Mike Maloney

Mike Maloney:  7-23-2024

In this eye-opening video, Mike Maloney breaks down complex economic concepts to reveal that the minimum wage has effectively fallen by over 70% since 1963.

Using the example of silver quarters, he illustrates the decline in purchasing power and discusses the broader implications of income inequality and flawed economic policies.

Learn why raising the minimum wage might not be the solution and explore alternative approaches to solving economic disparities.

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

“Tidbits From TNT” Wednesday Morning 7-24-2024

TNT:

Tishwash:  American procrastination and Iraqi insistence.. Parliament announces: Foreign forces cannot remain - Urgent

Today, Wednesday (July 24, 2024), the representative of the Al-Fatah Alliance, Mukhtar Al-Moussawi, praised the government’s insistence and seriousness in resolving the issue of expelling foreign forces from Iraq.

Al-Moussawi said in an interview with "Baghdad Today", "The Iraqi government headed by Mohammed Shia al-Sudani is serious and determined to end the file of removing foreign forces from all Iraqi territories as soon as possible, and for this reason it is negotiating with the American side at a very high pace."

He added, "Certainly, the American side is seeking to procrastinate and delay, but in return there is an Iraqi government will to resolve the issue, supported politically and popularly, and it is not acceptable in any way for any foreign force to remain under any name."

Although it was announced that ending the mission of the international coalition in Iraq was one of the most important topics of Al-Sudani’s visit to Washington, which took place in mid-April, the bulk of the talks, discussions and signed memoranda of understanding focused on creating or moving the relationship from the security aspect to other development aspects, but it did not include ending security cooperation completely, while American statements deny any talk or intention to withdraw completely from Iraq.  link

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Tishwash:  Iraqi banking system.. A significant increase in the number of bank accounts and the volume of deposits for citizens

The banking system in Iraq is gradually regaining citizens’ confidence with the increase in the number of bank accounts in the country.

Banking systems around the world are facing increasing challenges in light of rapid economic and financial changes. To ensure the stability of these systems and protect depositors’ funds, many countries are moving towards joining the International Association of Deposit Insurers. This membership is not just a formality, but a strategic step that carries significant benefits for member countries and their banking systems.

In Iraq, economic and political challenges over the decades have provided a strong justification for keeping money at home rather than in banks. However, the accession of the Iraqi Deposit Insurance Corporation (ICDI) to the International Association of Deposit Insurers was a decisive step in improving confidence in the banking system. Since its accession, Iraq has witnessed a significant increase in the number of bank accounts and the volume of deposits, reflecting a significant improvement in citizens’ confidence in banks. This development enhances Iraq’s ability to attract investment and support economic growth by converting savings into productive investments.

In a world characterized by increasing economic and financial interdependence, countries cannot operate in isolation from each other. Membership in international deposit insurance bodies reflects countries’ commitment to international cooperation and exchange of expertise, and confirms their relentless pursuit of financial stability and the protection of depositors’ funds. This membership is not just a formality, but a strategic investment in the future of the banking system and the national economy as a whole.

International cooperation: the cornerstone of deposit insurance
International bodies provide a unique platform for the exchange of expertise and knowledge between member states. National financial institutions can benefit from the successful experiences of other countries in the field of deposit insurance, and avoid the mistakes made by some countries. This ongoing exchange contributes to the development and modernization of deposit insurance policies and procedures in line with international best practices.

Joining the International Association of Deposit Insurers (IADI) enhances the transparency and credibility of the national banking system. A country’s commitment to strict international standards in the field of deposit insurance sends a positive message to citizens and investors, stating that their deposits with banks that are members of the deposit insurance system are in safe hands and that the banking system is subject to effective local monitoring and supervision. International bodies do not only provide a platform for the exchange of expertise, but also provide technical and advisory support to their members.

National institutions can benefit from the expertise of international specialists in developing and implementing effective deposit insurance policies, assessing potential risks, and preparing for financial crises.

By adhering to international standards and implementing best practices, national institutions can reduce the risk of financial crises and enhance the stability of the banking system. This stability is not an end in itself, but rather a means to achieve broader economic and social goals, such as increasing economic growth rates and creating job opportunities. When citizens and investors trust the banking system, they are more willing to deposit their money in banks.

 This increased confidence leads to an increase in the volume of deposits available for investment, which supports economic activity and contributes to achieving sustainable development. The impact of membership in international bodies is not limited to enhancing financial stability and confidence in the banking system, but extends to supporting economic development. Increasing the volume of deposits available for investment can contribute to financing development projects, providing loans to small and medium enterprises, and creating new job opportunities.

Malaysia:
Malaysia joined the International Association of Deposit Insurers, which helped improve deposit insurance policies and increase confidence in the banking system. This accession led to an increase in the volume of bank deposits and greater financial stability, which contributed to supporting economic growth in the country.

South Korea:
After the Asian financial crisis in the late 1990s, South Korea joined the International Association of Deposit Insurers. International membership helped restore confidence in the banking system and stabilise the national economy, allowing South Korea to achieve a rapid economic recovery.  link

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The role of the Iraq Stock Exchange in supporting monetary policy in Iraq

Lawyer and banking expert Saif Al-Halfi

The world is now moving with rapid steps racing with the wind in the role of stocks supporting monetary policies, especially since the old classical theories considered that stock markets are not among the tools of monetary policy. This concept reflected a traditional understanding where monetary policy focused on tools such as interest rates, monetary facilities, and banks’ cash reserves.

The development of theories and the difference in models of economic studies differ with the development of research, studies and the financial market from one country to another. It is difficult to make a theory applicable to all countries and different economies, from emerging economies to more complex economies. Because of this dialectic based on trying to understand and establish the nature of the relationship between financial markets and monetary policy, which has become more evident in many countries.

Stock markets have become part of the general economic strategy of governments and central banks, especially after the introduction of the idea of ​​cryptocurrencies and digital banks, as they directly affect consumption, investment and economic confidence.

Iraqi market

In the case of the Iraqi model and long years of economic stagnation as a rentier economy that relies primarily on oil to finance its annual budgets and the state of price speculation on the stability of the dollar exchange rate in local markets or what is known as the parallel dollar situation, we can 🤔 look at the Iraqi Stock Exchange as a tool supporting monetary policy and influencing the state of the rentier economy. This is done through:

1- Encouraging local and foreign investment. The stock market can be a quick and important means of attracting local capital, especially cash in circulation, and trying to return it to banking incubators and investing it in short-term investments through price maneuvers on the shares of emerging companies listed on the Iraq Stock Exchange or long-term investments by pumping these cash blocks into the shares of profit generating companies, which are companies that regularly achieve rewarding annual financial profits, thus enhancing the idea of ​​ withdrawing the accumulated cash liquidity and returning it to banking incubators in a way that reduces immediate and temporary speculation on the parallel dollar in the local market.

It also creates real opportunities for foreign capital moving between emerging markets to enter, which provides them with the opportunity for quick entry, profitable investment and safe exit.

2- Diversifying the economy from excessive dependence on oil. The stock market can be used to encourage local and international investments in sectors that create greater economic diversity than usual and a state of rapid sales and price maneuvers for shares of promising companies in Iraq.

3- Absorbing liquidity The stock market can play an important role in absorbing excess liquidity in the economy, which helps control inflation. This depends on the ability of the Iraqi market to be quick in price transactions from buying and selling through the shares of the companies listed in it and pressuring brokerage firms to apply and activate the latest smart systems and phone applications for daily sales and contracts executed in it, as well as encouraging the publication of financial data for Iraqi companies on international platforms that encourage understanding the culture of Iraqi company shares.

One of the most important economic theories that support that financial markets can be an effective tool in monetary policy is the Wealth Effec theory, which is summarized and almost consistent with understanding the dialectic of the Iraqi economy and the stock market economy.

 More consistent with the Iraqi model is the Wealth Effect Theory, written by Gregory Mankiw. Its summary is that the rise in the value of financial assets among individuals gives them an incentive to withdraw money and re-inject it into purchasing new assets and stocks in order to increase wealth and gives them a feeling of wealth, which prompts them to spend on consumption and develop the national economy.

 In conclusion, all these theories and studies support the idea that financial markets can be an effective and successful tool in achieving economic stability and enhancing growth, especially in emerging markets such as Iraq. If the Iraqi stock market is exploited in the right way that attracts local and international investments, it can help diversify the Iraqi economy and create new opportunities that drive economic integration in Iraq, making the Iraqi Stock Exchange a valuable tool for monetary policies.  link

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Mot: ..... Yahoooooooooooooo - Dad!! --- I dids It!!!!

Mot: . Bet Ya Didn't Knows This un!!!  Buddy Holly Song

Seeds of Wisdom RV and Economic Updates Tuesday Evening 7-23-24

Good Evening Dinar Recaps,

BRICS IS MAKING PREPARATIONS FOR A US DOLLAR COLLAPSE

"According to a Russian IMF representative, BRICS is ready to offer an alternative to the US Dollar amid the currency’s collapse, and the bloc must prepare for such an instance. The alliance, consisting of Russia; India, China; Brazil; South Africa; and supporting nations, has been working to abandon the US Dollar for some time."

"The BRICS bloc is working to develop a new BRICS currency to replace the US dollar, alongside local currencies between nations. In an interview with RIA Novosti published on Friday, Russian IMF rep Alexey Mozhin noted that the shortcomings of the current financial system are becoming more apparent.

Furthermore, he points out that many publications have started to mention BRICS as a group that will offer a successful alternative to the greenback."

“Such a proposal is being discussed,” the director told RIA Novosti. “In the event of the collapse of the dollar and the international monetary system, it will be necessary to turn the said BRICS accounting unit into a real currency, backed by exchange goods.”

BRICS CURRENCY TO SERVE AS SUBSTITUTE IF US DOLLAR COLLAPSES

"The BRICS bloc has turned to blockchain technology for its brand-new payment system, according to reports. Indeed, its efforts have sought to build a competing currency built on digital assets."

"The US Dollar is still a ways away from crashing altogether, however, the path is there for BRICS to do damage. The greenback is still the global reserve, but a mounting US Debt has ensured that it won’t remain a fact forever.

"Furthermore, support around the BRICS bloc has grown over the past few years, with more countries likely to receive invites to join in 2024.
With more support in numbers and finances, BRICS could develop a strong contending currency to fight the US dollar."

@ Newshounds News™

Read more:  The Republicans Voice

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GOLD, SILVER: India's TAX CUT to Offer a Bullish Boost for the Metals?

"Today, India slashed its import tax on gold and silver, a move that could further boost demand for both precious metals in the world’s second-biggest gold market and support higher prices globally. The move will cut taxes on gold and silver imports by more than half, lowering duties from 15 percent to 6 percent."

"India will also lower the import tax on platinum to 6.4 percent."

"World Gold Council Indian operations CEO Sachin Jain told Reuters the tax cut is “a massive step in the right direction.”

“It will reduce the incentives for smuggling of gold. It will create a level playing field for honest industry stakeholders.”

"Gold was up about $14 in overseas trading after officials announced the tax cut. Even with the high import taxes, Indian gold demand has been strong. Through the first five months of 2024, gold imports into India increased by 26 percent year-on-year, with 230 tons of gold flowing into the country. This is despite record-high prices."

"Indians have historically had an affinity for gold. Indian households own an estimated 25,000 tons of gold, and that likely understates the amount given the large black market in the country. Gold is deeply interwoven into the country’s marriage ceremonies and cultural rituals. Indians have long valued the yellow metal as a store of wealth, especially in poorer rural regions."

"Gold isn't considered a luxury in India. Even poor Indians buy gold. According to a 2018 ICE 360 survey, one in every two households in India had purchased gold within the last five years. Overall, 87 percent of Indian households own some gold. Even households at the lowest income levels in India hold some of the yellow metal. According to the survey, more than 75 percent of families in the bottom 10 percent of income managed to buy some gold."

@ Newshounds News™

Read more:  Investing

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146 TRILLION

@ Newshounds News™

Read more:  https://x.com/SMQKEDQG/status/1780670320522747961

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Warren Buffett Dumps $1.5 Billion Worth Bank of America Shares

Ace investor Warren Buffett’s investment arm Berkshire Hathaway has dumped $1.5 billion worth of Bank of America (BAC) shares. The recent regulatory filings show that the billionaire offloaded 33.9 million Bank of America shares. The BAC stocks were sold at an average price of $43.56 per share. After the sale from Berkshire Hathaway, BAC stocks fell to $42.30 with a decline of 1.40%.

The reduction is significant and has come as a surprise to the US stock market. Warren Buffett is known to hold stocks for the long term and not offload them mid-way. However, despite the sell-off, Warren Buffett is still the second-biggest holder of Bank of America stocks. Berkshire Hathaway holds a 10.8% stake in BAC after falling from the top position to the second due to the sell-off

@ Newshounds News™

Read more:  Watcher Guru

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IS TRUMP RIGHT TO WORRY THAT CHINA COULD TAKE OVER CRYPTO?

Does China regret banning Bitcoin mining in 2021? Could it opt back in? Can a single nation even control decentralized assets like BTC?

It’s only recently that Donald Trump has paid any attention to crypto. But now he wants to be the “crypto president,” and he’s raising digital assets as a geopolitical issue.

Asked on July 16 why he’s suddenly embracing the crypto community, he told Bloomberg:

“If we don’t do it, China is going to pick it up and China’s going to have it—or somebody else, but most likely China.”

In the interview, Trump explained how the recent experience with his “Mugshot” NFT Collection “opened my eyes” to cryptocurrencies, saying, “80% of the money [from the NFT sale] was paid in crypto. It was incredible.”

“So we have a good foundation [i.e., crypto]. It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere,” he added.

His remarks raised several interesting questions — and not just whether China, which banned crypto trading and Bitcoin mining in 2021, is even interested in reentering the crypto trading and mining markets.

It touches on the relationship between governments and the crypto/blockchain sector generally.

To what extent can any single sovereign nation control decentralized and diversified digital assets like Bitcoin and Ethereum.

Is it even possible?

Why China?
China was once a major crypto player. The largest crypto exchanges, such as Binance, were located in China, and as much as 75% of Bitcoin mining took place on the Chinese mainland, according to estimates.

But in 2021, China cracked down on crypto trading and mining, and by July of that year, Bitcoin mining had essentially vanished on the mainland.

Recent developments, however, have raised speculation “that the Chinese government may be warming to cryptocurrency and that Hong Kong may be a testing ground for these efforts,” noted Chainalysis in October.

Indeed, in April 2024, the central government approved the launch of several Bitcoin exchange-traded funds (ETFs) in Hong Kong. Some observers think China wants to make Hong Kong a crypto hub — despite a continued trading ban on the mainland.

China’s Bitcoin ban a “strategic blunder”

“Absolutely,” Daniel Lacalle, chief economist of Tressis, told Cointelegraph.

“Beijing’s 2021 mining crackdown was a strategic blunder,” Emiliano Pagnotta, associate professor of finance at Singapore Management University, told Cointelegraph.

China wants to maintain tight control of capital outflows on the mainland, Wang, assistant professor in the economics department at the University of Essex, told Cointelegraph, which is why it banned crypto trading

But Hong Kong, while controlled by China, has a different economy. It has always had open market policies and free capital flow, and crypto might find a natural home in the former British colony. Wang added:

“Hong Kong serves as the hub to allow some capital flow in and out of mainland China, which is important for Hong Kong and also for mainland China.”

“The digital asset ETF market in Hong Kong has indeed seen substantial growth since its launch in April 2024,” Patrick Pan, chairman and CEO of OSL — a crypto-exchange now operating in Hong Kong — told Cointelegraph.

Pan added that mainland China “has maintained a stringent stance against cryptocurrency trading and speculations.”

Pan points out, however, that China has largely accepted the importance of cryptocurrencies’ underlying blockchain technology.

“China’s development and gradual rollout of the digital yuan showcase an interest and capacity to embrace blockchain technologies, which bring long-term benefits to the country’s financial infrastructure through enhanced efficiency and security of its financial systems,” said Pan.

China may be softening its stance on crypto
Chinese government decision-making is opaque, so one may never know if China truly regrets its 2021 crypto ban. But what is clear is that “the country is reassessing its approach, especially as it sees the strategic value in digital assets,” Zennon Kapron, founder and director of consulting firm Kapronasia, told Cointelegraph, adding:

“The softening stance in Hong Kong could be a strategic move to remain competitive in the fintech and digital finance space without fully reversing its mainland policy.”

But is it too late?

“China still has advantages, such as access to cheap hardware and electricity in certain regions,” Kapron allowed. “If the government were to provide incentives or loosen restrictions, it’s conceivable that some level of dominance could be reestablished.”

It wouldn’t be easy, though. “The global mining landscape has become more diversified, making it harder for any single country to dominate,” observed Kapron.

“Bitcoin mining is not like making CPUs, but more similar to producing solar panels, building railways, etc. China has the capacity and even the comparative advantage in this type of mass production.”

Crypto trading may be a different matter, though. China is unlikely to change its trading ban on the mainland unless it first changes its capital markets policy, said Wang.

Pagnotta, by comparison, said China could still be a force within the crypto sector, particularly if it demonstrates more pragmatism and regulatory clarity.

“China now seems more open to the crypto industry and has allowed the launch of Bitcoin and ETH ETFs in Hong Kong,” said Moreno.

“Despite China’s ban on Bitcoin mining, Chinese mining pools still hold nearly 54% market share,” CryptoQuant founder Ki Young Ju posted on July 1. “While not all participants in these pools are Chinese, some mining farms might still be operating covertly in China, with authorities possibly concealing data.”

China’s central government also remains a Bitcoin “whale” as a result of its past activities — holding 190,000 BTC, or about 1% of the Bitcoin currently in existence. This is not a trivial amount.

Could China dominate crypto again?
Wang, for his part, believes that if China really sets its mind to it, it could still “play a super important, if not dominating, role” in the global crypto sector.

Not only does it have natural advantages, but there is a huge demand for using cryptocurrencies to send Chinese assets abroad, Wang added, especially given China’s tight capital market controls.

The biggest cryptocurrency exchange platform in the world in terms of trade volume is still Binance, “which is a company started in China by a Chinese but later moved abroad, and still 20% of Binance’s trade comes from China,” noted Wang.

As per Trump’s remarks, is crypto really emerging as a new theater of competition between the great powers? According to Pagnotta:

“Trump wants votes, and he understands that tens of millions of Americans hold digital assets and see it as an important electoral issue. Drawing a contrast to Biden or China in this regard is politically astute.”

“At a more profound level, Trump does not want a Chinese/BRICS [i.e, Brazil, Russia, India, China, South Africa]-led central bank digital currency [CBDC] to become dominant. Even if he did not suddenly become a genuine Bitcoiner, he surely comprehends enough game theory to realize that Bitcoin is the politically neutral global property rights system in the 21st century,” added Pagnotta

In doing so, the former US president could simply be applying the ancient wisdom that “the enemy of my enemy is my friend.”                                                                                                                                                                                                                                      Still, others believe the suggestion that China may once again try to gain dominance in the global crypto market is just plain wrong. Leading cryptocurrencies like Bitcoin and Ether are too diversified and decentralized now to allow control by any one sovereign state.

“China’s influence in the crypto market may grow, particularly through initiatives like the digital yuan,” said Kapron, “but achieving dominance over decentralized cryptocurrencies is a different challenge altogether.”

Trump’s recent utterances may reflect a strategic concern, continued Kapron, “but the reality is that the decentralized and diversified nature of these digital assets acts as a significant barrier to dominance by any single nation.”

Added economist Lacalle:
“There is no such thing as nationalist crypto. The beauty of the crypto market is that it is completely diversified and decentralized. The concept of government control of crypto makes no sense to anyone that understands independent currencies.”

@ Newshounds News™

Read more:  COIN TELEGRAPH

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Economist’s “News and Views” Tuesday 7-23-2024

As U.S. Debt Hits Historic Levels, How Close Are We to a Complete System Failure?

Daniela Cambone: 7-23-2024

The U.S. deficit will become worrisome if tax revenue collected by the government falls far short of, or gets too close to, the debt service, claims Joel Litman, President and CEO of Valens Research.

 However, he remains optimistic about the overall U.S. economy. “U.S. assets are easily 50 trillion at the lowest end, probably closer to 100 trillion.

 The U.S. government is still the biggest landowner of U.S. land in the United States,” he states.

Furthermore, Litman provides a clear and informed perspective on why the U.S. remains financially resilient and what measures could ensure continued economic stability.

Don't miss this insightful analysis that challenges common alarmist views and offers a deeper understanding of national debt dynamics.

CHAPTERS:

00:00 US debt

 5:52 The breaking point of US debt

7:53 Servicing the debt

11:04 Warren Buffet ends deficit in 5 minutes

 16:01 Diminishing purchasing power

 17:52 Real estate

https://www.youtube.com/watch?v=2PO01EuI_ik

China Sell 68% of its US Treasury: What's next?

Fastepo:  7-23-2024

The general U.S. perspective of US treasury emphasizes the security and reliability of Treasury securities. Critics, however, point to different aspects.

 They often argue that the massive issuance of U.S. Treasuries is a reflection of the significant national debt, which stood at approximately $34.9 trillion as of July 2024.

They argue that this growing debt could pose long-term economic risks, including potential inflation and increased borrowing costs.

Additionally, they highlight the dependency of the U.S. on foreign investment, particularly from countries like China and Japan, which hold large amounts of U.S. debt—around $1.15 trillion and $1.1 trillion, respectively, as of early 2024.

https://www.youtube.com/watch?v=GcSk0AtWu2w

As Washington Threatens To Shutdown China Banks, Beijing Sells Record $79.7B In US Debt & Stocks

Sean Foo:  7-23-2024

Jake Sullivan, the US NSA advisor, just warned Chinese banks. This threat is a dangerous one and risks upsetting the global economy.

Trade could be severely disrupted and supply chains broken. Meanwhile, China understands the risk and a recent report confirms they are exiting dollar assets in a big way.

They sold $79.7 Billion of US assets from January to May this year, a new record.

Timestamps & Chapters:

0:00 Sullivan Targets China Banks

 2:43 China Fleeing US Assets

5:55 Feeding Into Further De-Dollarization

7:51 Sponsor: Indigo Precious Metals

9:15 Risking China Anti-USD Trade

10:27 Disastrous China Tariff Risk

 13:29 China Has No Choice

https://www.youtube.com/watch?v=pX3SDYSRNLY

More News, Rumors and Opinions Tuesday Afternoon 7-23-2024

KTFA:

Clare:  A high-ranking security delegation arrives in Washington to hold a round of talks to end the coalition's mission

7/23/2024

Defense Minister Thabet Mohammed Saeed Al Abbasi arrived at the head of the Iraqi delegation on an official visit to the United States of America.

The Iraqi security delegation will hold the second round of talks to end the international coalition's mission in Iraq.

Four Iraqi sources told Reuters that Iraq wants the international coalition forces to begin withdrawing from September and to officially end the coalition's work by September 2025,and indicated "the possibility of some American forces remaining in an advisory capacity that was recently negotiated."

Meanwhile, American officials said that "the Iraqi position will be discussed with American officials in Washington this week at a security summit," adding that "there is no official agreement to end the coalition or any timetable associated with it yet."  LINK

 Clare:  International Development Bank announces the opening of a bank deposit account 

7/23/2024  Baghdad

The International Development Bank announced today, Tuesday, the opening of a deposit account (investment, term) to serve the Iraqi family.

The bank stated in a statement that "based on our belief in providing the best banking services to the bank's customers and employing the accumulated cash mass in the service of the national economy, the International Development Bank for Investment continues to open deposit accounts according to the customers' requirements in terms of the duration of the link."

He added, "These accounts provide financial returns of up to 10% annually, paid monthly from the value of the deposit, in addition to entering the monthly draw, which includes valuable cash prizes."

He stressed that "the owner of the investment deposit receives free life insurance and facilities when wishing to obtain a loan guaranteed by the deposit, as well as a credit card provided free of charge to the account holder."

The bank explained that "the funds will be invested to serve the country and will be safe and guaranteed by the Iraqi Deposit Insurance Company, which is authorized by the Central Bank of Iraq, in addition to the benefits that the owner of this account will receive, which represents a product that is in harmony with the needs of the Iraqi family seeking to invest its money in the appropriate and safe place and benefit from generous monthly returns that raise the standard of living."  LINK

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

Frank26  Question: "If the rate is $3.22 and you go to the bank and exchange a 25,000 note in American dollars how much will that be?"  $3.22 times 25,000 friend. 

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
My bank guy did say dropping the zeros does not change the value.  FRANK:  He's right.  Because it's going to be 1 to 1 with the American dollar.  It doesn't effect it inside.  It will effect it outside.  No it will not change it.  When it floats it will change it.  FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop.  We are not like that.  We drop to add value.  It's all inflation based. [Post 1 of 2....stay tuned]

Frank26   [Iraq boots-on-the-ground report]    FRANK: Yes, you drop to add value inside of your country...They wanted to be at least 1 to 1 with the American dollar in order to add this value to your currency.  That's why he means that dropping the zeros won't add value to your currency...Then your currency will float on the International market and the value of your currency goes up outside your country as well.  Inside, it will go from 1320 to at least 1 American dollar in order to add value which is purchasing power...If it was a lop they would be adding zeros.  [Post 2 of 2]

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80% Of Banks 'Going Down’; $9 Trillion Of Debt Due Soon | Christopher Whalen

David Lin :  7-23-2024

Christopher Whalen, Chairman of Whalen Global Advisors, discusses the risks to the banking sector, opportunities for investors, market outlook, and current labor market conditions.

0:00 – Intro

 1:00 - Market outlook

2:50 - Banking sector

6:50 - Liquidity issues

8:30 - Commercial real estate

 9:50 - Debt maturing

13:20 – Unemployment

 15:27 - Housing affordability

18:00 - Inflation outlook

20:15 - Liquidity crisis?

22:00 - De-dollarisation

 26:10 - Fed policy

 30:55 - Fiscal policies

32:10 - Tariffs

34:54 - Risk-on sentiment

36:00 - Banking consolidation

40:30 - DeFi and crypto

https://www.youtube.com/watch?v=EJJ6WjxPG4E

“Tidbits From TNT” Tuesday 7-23-2024

TNT:

Tishwash:  IMF: Iraq, Qatar increase their gold holdings

Data from the International Monetary Fund showed an increase in gold reserves in Iraq and Qatar.

According to these data, in May 2024, Iraq increased its gold reserves by 2,644 tons to 148,305 tons.

The data showed that Qatar increased its gold reserves by 3,112 tonnes to 106,423 tonnes in June 2024, according to Reuters.   link

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Tishwash:  Iraq eyes drawdown of US-led forces starting September, sources say

 Iraq wants troops from a U.S.-led military coalition to begin withdrawing in September and to formally end the coalition's work by September 2025, four Iraqi sources said, with some U.S. forces likely to remain in a newly negotiated advisory capacity.

The Iraqi position is being discussed with U.S. officials in Washington this week at a security summit and there is no formal agreement on ending the coalition or any associated timetable yet, the Iraqi sources and U.S officials said.

U.S. State Department spokesperson Mathew Miller told a news briefing that both sides were meeting in Washington this week to determine how to transition the U.S.-led coalition's mission based on the threat posed by Islamic State, adding he had no further details.

U.S.-led forces invaded Iraq in 2003, toppled former leader Saddam Hussein and then withdrew in 2011, only to return in 2014 to fight Islamic State at the head of the coalition.

The U.S. currently has around 2,500 troops in Iraq at the head of a more than 80-member coalition that was formed in 2014 to repel Islamic State as it rampaged across Iraq and Syria.

They are housed at three main bases, one in Baghdad, one in western Anbar province and another in the northern Kurdistan region.

It is unclear how many troops would leave under a deal, with Iraqi sources saying they expected most to eventually depart but U.S. officials saying many may remain under a newly negotiated advise and assist mission.

U.S. officials are keen to have some military footprint in Iraq on a bilateral basis, in part to help support its presence across the border in Syria, where it has around 900 troops.

The issue is highly politicized, with mainly Iran-aligned Iraqi political factions looking to show that they are pushing out the country's one-time occupier again, while U.S. officials want to avoid giving Iran and its allies a win.

There are also concerns about Islamic State's ability to regroup.

The jihadist group was declared territorially defeated in Iraq in 2017 and in Syria in 2019 but still carries out attacks in both countries and is on track to double its attacks in Syria this year compared to 2023, the U.S. military said.

The group and its affiliates have also in recent months carried out attacks in Iran and Russia, as well as in Oman last week for the first time.

While the coalition's mission is to advise and assist Iraqi forces in the fight against the Islamic State, Western officials say the U.S. and its allies also see its presence in Iraq as a check on Iranian influence.

Washington and Baghdad initiated talks on the future of the coalition in January amid tit-for-tat attacks between Iran-backed Shi'ite Muslim armed groups and U.S. forces that were sparked by the Israel-Hamas war.

An agreement to draw down the coalition could be a political win for Prime Minister Mohammed Shia al-Sudani, who has been under pressure from Iran-aligned factions to push out U.S. forces but has sought to do so in a way that balances Iraq's delicate position as an ally of both Washington and Tehran. link

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Tishwash:  The Oil and Gas Law has been imprisoned in Parliament for 19 years and is threatened with deportation to the next session

The secret lies in the consensus of political forces

Political disagreements and a lack of consensus since the first session of the House of Representatives made the draft oil and gas law a victim and locked in parliament's drawers.

In each session, conflicts prevent its approval in its final form, as five parliamentary sessions have passed and the law has not been released until today.

The Parliamentary Oil, Gas and Natural Resources Committee expects that the law will be transferred to the next parliamentary session, despite the visit of the head of the Kurdistan Democratic Party, Masoud Barzani, early this month, to the capital, Baghdad, and his meeting with political leaders.

A member of the Parliamentary Oil and Gas Committee, Ali Al-Lami, said in an interview with Al-Mada, “One of the reasons for obstructing the approval of the oil and gas law is the continuing disputes between the governments of Baghdad and Erbil “

He added that his committee "sent the law at the beginning of the current parliamentary session to the government, and we met with the Prime Minister, the President of the Republic, and all the heads of blocs and parties, and we explained the importance of this law."
The member of the House of Representatives points out, “The law is unlikely to be approved during the current session, as it requires study and reading,” suggesting that “the law will be transferred to the next parliamentary session.”

The draft Iraqi oil and gas law regulates Iraq's vital sector and the management of the country's oil fields through one national company, with imports being deposited in one account.

Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasure's resources.

For her part, a member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, said in an interview with Al-Mada, “The law is almost complete, and to a high degree, but there are some objections about some points, which are summed up in the delivery of oil imports and exploited and unexploited natural resources to Baghdad.”

Al-Mousawi adds, “The Oil and Gas Law is concerned with regulating the country’s natural resources and exploiting the largest possible amount of undiscovered oil fields.”

She points out that "the law will also contribute to achieving self-sufficiency in oil derivatives and optimal exploitation of wasted natural resources, valued at hundreds of billions of dollars, which contribute to diversifying the state's financial resources."

The draft oil and gas law in Iraq available to Parliament stipulates that responsibility for managing the country's oil fields must be entrusted to and supervised by a national oil company.

In August 2023, the Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that “the draft oil and gas law is one of the basic and important laws, representing a factor of strength and unity for Iraq, and it has been stuck for years, At a time when the country today is in dire need of its legislation and to benefit from this natural wealth, in every way.” Fields and sectors, as well as the contribution of the legislation to solve many outstanding problems.”

He explained, “There are governorates that have not invested their wealth, which is considered negative for development endeavors in all their paths.”

In February 2022, the Federal Court in Baghdad ordered the region to deliver the oil produced on its lands to Baghdad, and to cancel contracts the region had signed with foreign companies.
The matter reached the point where the judiciary in Baghdad invalidated contracts with many foreign companies, especially American and Canadian companies.  link

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Mot: .... Why Didn't it Happen???? - Why!!!????  

Mot:  Beee Careful as Ya Become more Seasoned! - Slow down there, buddy! 

News, Rumors and Opinions Tuesday AM 7-23-2024

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 23 July 2024

Compiled Tues. 23 July 2024 12:01 am EST by Judy Byington

Judy Note:

Greatest Financial Bubble in Human History was about to pop.

One month left of US Petroleum Reserves.

Global Currency Reset Funds (allegedly)  Due Liquid on Tues. 23 July 2024.

Global Currency Reset: (Opinions/Rumors)

Mon. 22 July 2024 Wolverine (his Tues. 23 July):

“It is Tuesday afternoon here, and it is very cold. I am letting you know the Precatorios has started today from 3 o’clock onward and will actually be releasing their opera. They sent a note saying, “Tomorrow we will have a wonderful complete opera concert.”

“They will send me their opera so their people can celebrate. Finally a huge platform is going to be releasing funds to many people with billions of dollars involved. A lot of people will be astronomically blessed.

“Reno and Zurich are moving. Some whales are flying to Zurich, one huge Whale is now purchasing his airline ticket to fly down there.

“We are waiting to hear more news from bond holders. Waiting to get the miracle call this week.

“Nothing for 4B group – this is a letdown. I was told that some 4A groups have received payments, but not liquid money yet.  It is a start. Hopefully, those accounts will become liquid this week. 

“That is about it. The big news is that the Precatorios have started. I talked to the owner and he said “Wolvie, I am at the bank at the moment.” They have their green light and they will be released by tomorrow.

“I am waiting to receive the call so I can fly out. When that happens Carpathia and Shelby will be looking after the channel. I hope to have better news for all of you tomorrow.   

“Story about a couple I just received: This couple was just about to hand over their house as they could not afford the mortgage, and that same day they saw the figures for their mortgage and they had zero balance. Their account has actually been cleared, so maybe Nesara is working and people are getting their accounts cleared. This was the same day they were to lose their home and this miracle occurred.   

“I received a call this morning. Funds will be released tomorrow Tues. 23 July (later he changed it to Wed.) They will be liquid. I received an email saying the RV was imminent and about to commence. It’s official. Keep an eye on your emails.”

Mon. 22 July 2024: ALERT: Imminent Great Reset Exposed – Bank Crash and the Rise of XLM, XRP, ALGO, and XDC in the New Quantum Financial System (QFS) – amg-news.com – American Media Group

Gold Backed Currency Exchange Rates Revealed: https://ai3d.blog/new-podcast-gold-backed-currency-exchange-rates-revealed/

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Global Financial Crisis:

Mon. 22 July 2024 Report from the Office of the Comptroller of the Currency finds that half of large U.S. Banks are failing on operational risk.

This year interest on the US National debt will eat up 76% of the taxes collected. America is going bankrupt.

Read full post here:  https://dinarchronicles.com/2024/07/23/restored-republic-via-a-gcr-update-as-of-july-23-2024/

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

Frank26   Once they remove these 3 zeros from the exchange rate...it's going to gain in the new value.  But that's not where they wanted at the RI.  They will float it and they will re-denominate and then it will hit an RV as it floats from an RI back to the RV.  

SkyWalker  Currency value and an exchange rate are two totally different things and are determined differently. Changing the exchange rate does not make value. Value is made by the monetary policies that CBI and Iraqi government have put in place...Now, the inflationary zeros will be removed because the government has met the requirements of the CBI and made an economic environment that will support both the value of the dinar and keep the economy humming along. Value through policies must be restored first which will be represented with new notes being lower denominations... Meaning the three zero notes will be physically removed from circulation and the lower notes without the extra zeros will be issued. Then and only then the exchange rate reflects an increase in the relative price of the Iraqi dinar compared to the price of another currency.

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Iraq bank sector

Nader:  7-22-2024

https://www.youtube.com/watch?v=jZnI7glT40Q

CBI Sells $274 Million Sundays Trading; Iraqi PM Fights for Iraq's Sovereignty

Edu Matrix:  7-23-2024

CBI Sells $274 million in Sundays Trading… Military Growth… Iraqi PM Fights for Iraq's Sovereignty.

https://www.youtube.com/watch?v=BoF81yK0jjM

More News, Rumors and Opinions Monday PM 7-22-2024

DJ: DID YOU KNOW?

July 21st Post 2024 (Procrastination)

With the troubles of the world in full swing daily, and the relentless narratives of Intel providers spewing exaggerated or expanded information of the engagement of the GCR, our minds go to a place of hope. But not the good kind.

Hope, while often a virtue, can foster procrastination when it becomes an expectation of future rewards rather than an active motivator for present action. When we hope for an ideal outcome, such as a sudden windfall or a perfect opportunity, we may convince ourselves that waiting is the best course of action.

This kind of hope can lead to a false sense of security, making us believe that our desired future will materialize on its own, without the need for our immediate effort. Consequently, we delay taking steps toward our goals, assuming that circumstances will eventually align in our favor. This passive hope, detached from action, transforms into a subtle but powerful form of procrastination, where the anticipation of future success undermines the imperative to act in the present.

Procrastination steals time and opportunity highlighting our tendency to delay tasks despite knowing their eventual necessity. While we waste our time hesitating and postponing, life is slipping away. While we may delay, time will not. At its core, this is the damage done by Intel providers with their misleading dialogs and exaggerations.

Whether it’s waiting for a perfect opportunity, a financial breakthrough, or a stroke of inspiration, this waiting game often leads to complacency. The idea of waiting for a windfall can be seductive. It offers the comfort of a future where everything falls perfectly into place without effort and often results in missed opportunities and unfulfilled potential. The belief in an imminent windfall can create this dangerous complacency. By postponing action, we often find ourselves unprepared when our supposed windfall arrives. This delay can lead to regret and the painful realization of wasted time.

As Aristotle suggested, “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” By developing habits of consistent effort and incremental progress, we can overcome the damage of procrastination and build a life of achievement and fulfillment.

The point is, absorb this information as it comes but don’t be so preoccupied with it that it changes the course your life might have otherwise taken. Be mindful of the stagnation and complacency it can cause and devote your efforts and time to it when you have it in hand.

If you know how to swim, waiting on the bank for a boat to show up may not be the best way across the water. These Intel providers keep telling you the boat is on the way, don’t let yourself get left on the bank stuck in the mud.

DJ

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KTfA

Henig: Vietnam: New decree on cashless payments

BY OANH H. K. NGUYEN, THUY VAN T. PHAM AND VIET TRUNG NGUYEN  JULY 16, 2024 

In brief

On 15 May 2024, the Government officially issued the new Decree No. 52/2024/ND-CP to regulate cashless payments (“Decree No. 52“). Decree No. 52 takes effect from 1 July 2024 and replaces the previous Decree No. 101/2012/ND-CP on cashless payments, as amended from time to time (“Decree No. 101“).

Among other things, Decree No. 52 sets forth regulations mainly on opening and using payment accounts, cashless payment services and intermediary payment services (IPS). Decree No. 52 aims to promote non-cash payments, facilitating the digital transformation of the banking industry and developing superior payment products and services.

Key takeaways

Decree No. 52 provides a number of significant changes and novel provisions, some of which are highlighted below.

Decree No. 52 imposes stricter requirements on entities wishing to provide the services. In addition, electronic money remittance support services are no longer considered a kind of IPS.

Decree No. 52 provides more detailed guidelines on how payments in foreign currencies and international payments are made. It also sets forth the conditions for entities wishing to participate in the international payment system.

The definition of electronic money (e-money) is introduced for the first time, and e-wallets and prepaid cards are accordingly regulated as a mean to store e-money.

More in-depth in the rest of the story at the link--this is a fairly long article, didn't want to take up too much bandwidth on this site.

https://www.globalcompliancenews.com/2024/07/16/https-insightplus-bakermckenzie-com-bm-financial-institutions_1-vietnam-new-decree-on-cashless-payments_07032024/

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:
TV saying Iraqis are keeping 90 trillion dinar at home hoarding them from the banking system still.  We say make the dinar worth something and we will bring them in.  FRANK:  Why does the CBI want the 3-zero notes back?  Because they need to replace them with the lower notes.  Why are you getting lower notes?  Because you're getting a new exchange rate.

Jeff   There was a perception out there that the rate was going to change before the July 18th accession date to the World Trade...This was their 3rd accession World Trade meeting.  There's a 4th meeting coming in Q1 of next year of '25...Many thought Iraq would become a full member as of July 18th.  None of that happened.  

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Banks Are Closing Branches Fast

Economic Ninja: 7-22-2024

https://www.youtube.com/watch?v=a85Mp3bkVDY

Seeds of Wisdom RV and Economics Updates Monday Afternoon 7-22-24

Good Afternoon Dinar Recaps,

Seven-State Coalition Opposes SEC’s Cryptocurrency Regulation

The Office of the Attorney General of Iowa announced earlier this month that Iowa Attorney General Brenna Bird led a seven-state coalition in filing an amicus brief opposing the U.S. Securities and Exchange Commission’s (SEC) attempt to regulate cryptocurrencies. The amicus brief, supported by Arkansas, Indiana, Kansas, Montana, Nebraska, and Oklahoma, was filed on July 10 to challenge the SEC’s overreach.

“SEC’s power grab may stop states from protecting their citizens from scams, and it hurts the free market,” the announcement details, adding:

SEC’s policing of cryptocurrency will stifle innovation and devastate the cryptocurrency industry.

States like Iowa, which have been at the forefront of protecting scam victims and prosecuting scammers, view the SEC’s actions as a significant overreach.

“The Biden SEC is trying to prevent states like Iowa from doing their job to hold robbers to the law and protect families from the dangers of cryptocurrency scams. This power grab will also hurt the free market and allow the SEC to take the regulatory reins over the cryptocurrency industry with no accountability,” the announcement continues.

Noting that the SEC’s “bypassing Congress to give itself new power is illegal, stifles innovation, and will let scammers off the hook,” the Iowa Attorney General’s Office noted, emphasizing:

The Biden SEC is attempting to abuse its power and put itself in charge of regulating cryptocurrency, bypassing state consumer-protection laws.

“Congress never gave the SEC power to regulate cryptocurrency, and there is no accountability to ensure the actions the SEC takes are legitimate and necessary,” the Iowa Attorney General’s Office stressed.

The amicus brief explains that the SEC is violating the Administrative Procedure Act and the Major Questions Doctrine by bypassing Congress. The states argue that typical cryptocurrencies are not investment contracts under the Securities Act of 1934, urging the court to prevent the SEC from exceeding its authority.

@ Newshounds News™

Read more:  Bitcoin 

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Japan’s Fast And Early Approach To Crypto Regulation Is Paying Off

Japan was a rare exception when it came to regulating crypto. Following the catastrophic collapse of Mt.Gox in 2014 – a Japan-based company – the government moved fast and early to clamp down on what was seen as an excessively risky industry. It introduced strict rules for operators, putting them under the oversight of the country’s financial regulator.

That decision means that ten years on, Web3 in Japan is evolving quite differently compared to the startup culture that’s characterized the sector in other countries. Instead, we’re seeing a more prevalent trend of large corporations levering their way into Web3 via strategic M&A and investment activities.

To date, banking giant Softbank has been one of the
most active players, acquiring a controlling stake in crypto trading platform BITPoint in 2022 and becoming a key investor in a dedicated Web3 venture fund initially set up by Deutsche Bank.

However, the latest news, that Sony is gearing up to launch a rebranded crypto exchange called. S.BLOX, as a result of a 2023 acquisition of local platform Whalefin, has created a froth in the crypto community.

I recently spoke to Mai Fujimoto, co-founder of INTMAX, who was fresh from the Japan Blockchain Week Summit which she hosted in early July. She confirmed that, based on the lineup of this year’s event, the corporate move into Web3 is becoming a trend:

“This [Sony] is just one such example. We just hosted many speakers from large corporations [at Japan Blockchain Week], which stood out on the Web3 conference circuit. I believe this is unique to Japan. In the United States, Coinbase and Base

Chain have significantly contributed to the penetration of Web3 in the country, so we can expect similar synergies to occur in Japan as well.”

@ Newshounds News™

Read more:  Forbes

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IOTA’s Product Passport Could Be Used by Tesla, Audi, Porsche, BMW, and VW After Eviden Partnership

—IOTA’s Product Passport with Eviden enhances transparency for Tesla, Audi, Porsche, BMW, and VW, letting consumers track vehicle history and build trust.

—IOTA’s Digital Product Passports optimize production, maintenance, and recycling, improving supply chains for major automotive brands.

When it comes to cutting-edge data solutions while securing privacy to the highest level, IOTA is at the forefront as highlighted in one of our previous coverages. 

According to the latest update from IOTA on the newly established partnership, the IOTA Foundation and Eviden, a subsidiary of Atos, are collaborating on the Eviden Digital Passport Solution (EDPS), which is “Powered by IOTA.”

EDPS is one of the first ready-to-use, DLT-based Digital Product Passports (DPPs) on the market and the first at this scale to utilize IOTA technology.  

This upgrade provides detailed lifecycle information about products, enhancing transparency, traceability, and sustainability. Dominik Schiener, Co-Founder and Chair of the IOTA Foundation, stated:

This partnership leverages our unique joint benefits and creates a strong combination of capabilities, ready for the market to use. This is a long-term collaboration between Eviden and the IOTA Foundation, and we will work closely together to explore further use cases in domains such as construction materials, textiles, and consumer electronics, amongst others. We expect millions of passports to be registered on the IOTA network by the end of the decade.

IOTA and Eviden Enhancing Transparency and Traceability for Major Automakers

Eviden, with leading positions in computing, security, AI, and digital platforms, provides expertise across various industries in more than 47 countries. Importantly, the collaboration with the IOTA Foundation is expected to significantly impact major automakers, including Tesla, Audi, Porsche, BMW, and Volkswagen.

This partnership will enhance transparency and traceability throughout their supply chains, allowing consumers to track the origin and history of their vehicles, building trust in these brands. At the same time, manufacturers can optimize production processes, streamline maintenance, and improve recycling efforts.

At the time of writing, IOTA is trading at $0.1769, with a decrease of 0.43% and a surge of 7.48% in the past week.

@ Newshounds News™

Read more:  Crypto News Flash

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WHAT IS A CURRENCY RE-DENOMINATION?

"Redenomination is the recalibration of a country's currency, typically due to hyperinflation and currency devaluation, whereby an old currency is exchanged for a new one at a fixed rate. "

"While significant inflation is the main reason for a country to redenominate its currency, other reasons include decimalization or joining a currency union. When redenomination occurs, old banknotes and coins are typically taken out of circulation and a new currency is issued. Sometimes, the old currency continues to circulate at a fixed value against the new notes. "

"When redenomination occurs, a new value is established for the new banknotes and coins. For example, in 2006, Zimbabwe redenominated its currency at a rate of 1,000 old Zimbabwe dollars to one new Zimbabwe dollar."

"When hyperinflation is involved, redenomination becomes necessary because it requires too many old notes to facilitate commerce. Small bills essentially become useless if you need a wheel barrel of them to buy a loaf of bread. "

" Probably the most famous redenomination has been the Zimbabwean dollar, which circulated in Z$100 trillion bills—the largest denomination of currency ever issued—thanks to an annual inflation rate of more than 231 million percent.

The Zimbabwe government redenominated its currency several times starting in 2006. In that year, the country's first currency reform was launched in an effort to contain inflation. The Zimbabwean dollar was redenominated at a rate of 1,000 to one."

" In August 2008, the government launched another redenomination. Old notes could be exchanged for new ones at a rate of 10 billion to one. Inflation continued unabated, and new issues of currency with staggering face amounts continued to appear. In January 2009, Z$10 trillion, Z$20 trillion, Z$50 trillion, and Z$100 trillion notes were issued.

In February 2009, the government redenominated a third time. Old currency could be exchanged for new currency at a rate of one trillion to one. By then, most people had quit the Zimbabwe dollar in favor of the U.S. dollar and South African rand."

@ Newshounds News™

Read more:  Investopedia

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CFTC Chairman Behnam Urges Congress For Increased Crypto Regulation: We Are 'On The Front Lines' |  Youtube

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US Pressure on Latin America to Avoid BRICS: Lost America's Backyard?

US Pressure on Latin America to Avoid BRICS: Lost America's Backyard?

Fastepo:  7-22-2024

Despite the BRICS group's recent pause on accepting new full members, particularly emphasized by the Russian Foreign Minister, Brazil has actively advocated for the bloc's continued expansion.

Brazilian Ambassador to Russia, Rodrigo de Lima Baena Soares, revealed Brazil's proposal of Colombia as a potential new BRICS member, as reported by the Russian News Agency TASS.

This strategic recommendation was underscored by Brazilian President Luiz Inacio Lula da Silva during discussions with Colombian President Gustavo Petro, highlighting Colombia's significance in the expansion plan.

In addition, Bolivia, under the leadership of President Luis Arce, has formally sought BRICS membership. Bolivia's vast lithium reserves, essential for sustainable energy solutions, make it an attractive candidate for the bloc.

Similarly, Venezuela, led by President Nicolás Maduro, has expressed a strong desire to join BRICS, emphasizing its substantial oil reserves. Venezuela's application has garnered support from China, Russia, and Brazil, underscoring its strategic importance.

The expansion of BRICS into Latin America represents a significant geopolitical shift, diminishing the influence of the United States, which has traditionally viewed the region as its geopolitical "backyard."

By incorporating more Latin American countries, BRICS aims to create a counterbalance to U.S. economic and political dominance. This move is expected to enhance regional integration, reduce dependence on U.S. markets, and promote a more diversified economic base.

In this video, we analyze the significance of Colombia, Bolivia, and Venezuela's potential inclusion in BRICS and its implications for both BRICS and the United States.

This development could potentially reshape the global order, altering economic alliances and geopolitical strategies.

We will explore how this move could challenge U.S. dominance in Latin America and enhance BRICS' influence on the world stage, thereby creating a new dynamic in international relations.

https://www.youtube.com/watch?v=KgF9vnlykU4&t=14s