“Tidbits From TNT” Thursday Morning 8-1-2024

TNT:

Tishwash:  Parliamentary Committee: Parliament will host the Central Bank Governor for this reason

The Presidency of the Council of Representatives agreed to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, during the upcoming sessions of the Council of Representatives.

Member of the Parliamentary Integrity Committee Hadi Al-Salami confirmed, in a statement to the National Iraqi News Agency / NINA /, that "the Presidency of the Council of Representatives approved hosting the Governor of the Central Bank in the session of the Council of Representatives, the date of which will be determined later, within the framework of the supervisory role of the work of the Central Bank and its Governor, and in accordance with the Council of Representatives Law No. 13 of 2018, Articles 27-29 thereof."

He added, "Hosting the Governor of the Central Bank will be to answer the oral question before the Council of Representatives regarding the exchange rate in the parallel market, and the large financial difference from the official exchange rate, as well as what is related to the application of the standards of transparency and confidentiality and not announcing the daily bulletin of the Central Bank."  link

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Tishwash: US State Department: We will take all measures to protect our interests in the Middle East

 The US State Department announced today, Wednesday, July 31, 2024, that Washington will take every possible measure to protect American individuals and interests in the Middle East.

The US State Department said in a statement, "We have seen Hamas' statement regarding Haniyeh, but we do not want to speculate on any repercussions or reactions to the incident," referring to the assassination of Ismail Haniyeh.

She pointed out that "the US commitment to Israel's security and its defense against any reckless attacks that Iran may launch is firm and unwavering."

She noted that "her efforts to reach a deal and bridge the gaps are still ongoing and represent a priority for us and for the region."  link

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Tishwash:  Official to Reuters: US carried out strike in Iraq

 The United States carried out a strike in Iraq on Tuesday in self-defense, a U.S. official told Reuters, hours after Israel struck Iranian-backed Hezbollah in Lebanon and as tensions escalated in the Middle East.

The official, who spoke on condition of anonymity, said the strike was caused by a threat to US-led coalition forces.

Explosions took place on Tuesday inside a base used by Iraq's Popular Mobilization Forces south of Baghdad, killing four of its members and wounding four others, police and medical sources told Reuters.

The Popular Mobilization Forces is an official security agency that includes several armed groups allied with Iran.

Hospital sources said the initial death toll was one, but two people who were seriously injured in the blasts later died, and another body was recovered from the blast site.

The explosions came after several missiles were fired at Iraq's Ain al-Asad air base, which houses US-led forces, late Thursday, causing no damage or injuries, US and Iraqi sources said.

In a statement issued after the explosions, the Popular Mobilization Forces did not make any accusations, referring to an explosion of unknown origin.

Later, another statement by the Popular Mobilization Forces said that missiles launched by drones targeted two Popular Mobilization Forces patrols in the town of Jurf al-Sakhar, south of Baghdad.

An Iraqi military official said the cause of the explosion was still unclear and authorities would begin investigating the incident.

Two local leaders of Iraq's Popular Mobilization Forces accused the United States of carrying out airstrikes targeting the Popular Mobilization Forces base. There was no immediate comment from the US military.

Witnesses said ambulances rushed to the area where the camp is located, 50 kilometres south of Baghdad.

Iraq has seen a surge in tit-for-tat attacks since the war between Israel and Hamas broke out in October. It is a rare ally of both Tehran and Washington, hosts 2,500 US troops and has Iranian-backed militias linked to its security forces.  link

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Tishwash:  Iraqi Army receives seven Bell 505 helicopters from US

The Iraqi Army Aviation Command announced Tuesday that it has received seven Bell 505 helicopters from the United States.

The Bell 505 Jet Ranger X is an American/Canadian light helicopter developed and manufactured by Bell Helicopter.

In a statement, the Iraqi Ministry of Defense said the delivery is part of "pre-arranged contracts aimed at advancing the country's military training programs. The handover ceremony was attended by the representative of the Commander-in-Chief of the Armed Forces, the Air Force Commander, senior officers from the Ministry of Defense, the US Military Attaché, and a representative from Bell Helicopter."

"This batch will significantly update and improve our training system with modern aircraft," said Major General Mohammed Abdul Karim Awfi, Commander of Army Aviation. "It will also help in preparing skilled pilots capable of protecting Iraq's airspace and executing missions with high efficiency."

In turn, the US Military Attaché described this step as "a pioneering to enhance the command's capabilities and train pilots under ambitious and advanced plans."  link

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Mot: .. Bye! - Bye!

Mot:  They Say with NESARA - Things Will Be Going Back to the 1950s - What Ya Think???

More News, Rumors and Opinions Wednesday PM 7-31-2024

KTFA:

Clare:  urgent ...Integrity Commission announces receiving one of the most prominent defendants in the “theft of the century"

7/31/2024

The Integrity Commission announced that it had received one of the most prominent defendants in the theft of tax deposits known as the “Theft of the Century” case.

The Integrity Commission praised the cooperation of the Federal and Regional Ministers of Interior.

According to Iraqi officials, the scandal revolves around illegal cash withdrawals from the country’s General Tax Authority in 2021 and 2022 totaling about $2.5 billion, a huge sum even in a country that consistently ranks among the world’s most corrupt.

An Iraqi businessman named Nour Zuhair, who has become one of the most prominent suspects in the case, has recovered about 380 billion dinars ($292 million) in stolen funds since his release on bail in November 2022, the head of the National Integrity Commission, Haider Hanoun, told Reuters earlier. Zuhair has publicly asserted his innocence of all charges against him.   LINK

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

Militia Man :  The US Treasury will not wait.  They can act at a moment's notice.  That is coming from the higher-ups.

Jeff  Article: "Four counties meet in Baghdad to support the development road project" ...You have to look at their timing.  They finished the 5-year development plan around the end of July walking into the beginning of August.  Why? Timing.  They're about to revalue.  Their actions strongly suggest to me personally IMO I really feel they're going to be revaluing in August. 

Frank26  The bad guys in Iraq, whoever they may be, they just don't want the monetary reform.  They don't want it to happen.  You know that.  That's the reason why we don't have the monetary reform of the Iraqi dinar.  Because of the corruption that is occurring inside of the the government of Iraq.  But  Sudani is in good control...He sure is.

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Tishwash:  Moeen Al-Kadhimi: Corruption dates back to Saddam’s time.. Is the budget error an employee oversight?

Ask about the Sudanese objection

Badr Organization leader Moeen Al-Kadhimi, a member of parliament’s finance committee, said that the prime minister’s objection to the existence of different versions of the budget and the addition of large sums is now being justified as an “error and oversight” made by employees, but shouldn’t we ask the “accomplices” about the truth of what happened? Expressing his belief that corruption dates back to the era of Saddam Hussein and has now evolved and become more complex.

Moeen Al-Kadhimi, with the media figure Khitam Al-Gharawi:

Going too far with public money has become a culture and has reached junior employees, and this needs to be reconsidered. This has been going on since the previous regime, and now officers are not given leave or transferred soldiers unless there is something in return for that, even though managers and officials have cars, protection and good salaries, so why do you extend your hand to ill-gotten money, and it is sometimes considered cleverness? This culture needs real treatment.

(An example of corruption) is the change that occurred in the budget tables. Some ministries, such as the Ministry of Commerce, had large amounts added to the food ration item. Who will benefit from this and who colluded with them? The explanations and justifications that are being put forward are that this was an employee mistake!

There are protocols signed between Iraq and countries such as Russia, Saudi Arabia, the Emirates, Lebanon and Jordan because these countries did not respond to demands to return the money even if they knew it was smuggled because they benefit from it, and some of these countries grant citizenship to the person and consider him a citizen of theirs. An example of this is the case of Ayham al-Samarrai, the former Minister of Electricity, who was imprisoned in the Salihiya Police Station, and an American force came and got him out and escaped, and now he lives in America.

Some of the protocols signed with countries give enough space to recover the money, but other countries do not accept this, such as Switzerland, which prefers that the money remain in its banks, and is prepared to grant citizenship to the Iraqi in order to provide him with protection and keep the money, especially for executive officials.

The government has a duty to follow up on general managers, and unfortunately, until now, there are some managers who consider the position a spoil that they want to benefit from. Sometimes this is clear to see. Yesterday, I had a call regarding the issue of security clearances, and I came across an official in a company, and we clearly noticed that he was corrupt, because all matters pass through him, he approves them and covers them up, and action was taken.

The Integrity Commission, through our conversations with them, has two problems. The first is internal, which is the lack of cooperation from some ministries and departments, which are negligent in research and auditing and do not provide priorities. The second is the lack of cooperation from the countries to which the corrupt flee. link

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"US Taxpayers Owe $3/4 Million Each, It's the Biggest Banana Republic of All" –

Mike Maloney:  7-30-2024

Today, Mike Maloney dives deep into the shocking reality of US debt, revealing that each taxpayer owes around $750,000.

He celebrates Argentina's new libertarian president, Javier Milei, for his bold economic reforms that have rapidly improved the nation's financial health.

Mike contrasts this with the biased and manipulative nature of today's US media. Discover in today’s video why he believes fiscal responsibility and adherence to economic laws are crucial for a nation's prosperity.

https://www.youtube.com/watch?v=Auq3SVDLmWc

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 7-31-24

Good Afternoon Dinar Recaps,

RUSSIA LEGALIZES BITCOIN AND CRYPTO TRANSACTIONS FOR GOVERNMENT AND BUSINESSES

"In a significant legislative move, Russian lawmakers have passed a bill permitting businesses to use Bitcoin and other cryptocurrencies in international trade, according to a report by Retuers.

 This development is part of Russia's strategy to circumvent Western sanctions imposed following the invasion of Ukraine. The new law, expected to take effect in September, aims to address delays in international payments, particularly with key trading partners like China, India, and the UAE."

"Central bank Governor Elvira Nabiullina, a proponent of the law, announced that the first cryptocurrency transactions will occur before the year's end. The central bank will establish an "experimental" infrastructure for these payments, with further details pending."

"The legislation also includes regulations on cryptocurrency mining and the circulation of other digital assets but maintains the ban on cryptocurrency payments within Russia. The central bank highlighted that payment delays have caused an 8% drop in Russian imports in the second quarter of 2024.

"Despite efforts to shift to trading partners' currencies and develop an alternative BRICS payment system, many transactions still rely on dollars and euros via the SWIFT system, risking secondary sanctions. Nabiullina emphasized that these sanctions have complicated import payments, extending supply chains and increasing costs."

" Anatoly Aksakov, the head of the Duma lower house of parliament, reportedly told lawmakers, "We are taking a historic decision in the financial sphere" by passing this legislation. "

@ Newshounds News™

Read more:  Bitcoin Magazine

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DIGITAL RUSSIAN RUBLE SET FOR MASS DISTRIBUTION JULY 2025

"MOSCOW, July 30. /TASS/. If the digital ruble is successfully tested its mass introduction is possible starting July 2025, Russian Central Bank Governor Elvira Nabiullina said addressing the Federation Council (upper house of the parliament)."

"Now I can say that if everything goes as we plan further on, with pilots implemented successfully, we will be able to shift from tests to massively introducing the digital ruble from July 2025. We target those dates, though it will be a gradual process, a gradual process of using digital rubles," she said.

"Russian President Vladimir Putin said earlier that the platform of digital ruble showed efficiency and reliability as it was tested."

"The Bank of Russia has been implementing a pilot project with real digital rubles since August 15, 2023. At the first stage, active operations are tested, such as opening wallets in digital rubles for banks and clients (individuals and legal entities), transferring digital rubles between clients, and payments at trade and service enterprises."

@ Newshounds News™

Read more:  TASS

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Statement of Commissioner Caroline D. Pham in Support of Foreign Boards of Trade Final Rule
July 29, 2024

I support the Foreign Boards of Trade (FBOT) Final Rule because it promotes access to markets for U.S. participants, competition, and liquidity.  I would like to thank Maura Dundon, Roger Smith, and Alexandros Stamoulis in the CFTC’s Division of Market Oversight for their work on this rulemaking.

I will reiterate key points from my statement on the FBOT proposed rule. [1] As a CFTC Commissioner, I have made it clear that I believe in good policy that enables growth, progress, and access to markets.[2]  

Accordingly, I am pleased to support Commission efforts that take a pragmatic approach to issues that hinder market access and cross-border activity.  I continue to believe that this rulemaking exemplifies policy that ensures a level playing field, and I applaud this step in the right direction for market structure.

FBOTs have been a critical piece of the CFTC’s markets for decades and provide access for U.S. market participants to non-U.S. markets in realization of the global economy and international business.[3]  

The main substantive amendment in the FBOT Final Rule is to Regulation 48.4, which will now include

1. introducing brokers (IBs)[4] as a permissible intermediary,  in addition to
2. futures commission merchants (FCMs),
3. commodity pool operators (CPOs), and
4. commodity trading advisors (CTAs),

to enter orders on behalf of customers or commodity pools via direct access on a registered FBOT.[5]  

I believe that the FBOT Final Rule will provide more choice in brokers and broker arrangements for U.S. market participants that trade foreign futures and ensure that appropriate customer protections are in place.

As sponsor of the CFTC’s Global Markets Advisory Committee (GMAC),[6] I have devoted a significant part of my Commissionership to supporting solutions that will enhance the resiliency and efficiency of global markets.[7]  The FBOT Final Rule is policy that mitigates market fragmentation and the associated impact on liquidity, and promotes the overall competitiveness of our derivatives markets.  I am pleased to support the FBOT Final Rule.

@ Newshounds News™

Read more:  CFTC

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GOLD ON THE MOVE with Fed Rate Cut Speculation

"The latest economic data has sparked renewed optimism in the gold market, with prices climbing over $20 as investors digested signs of cooling inflation and robust economic growth"

"The central bank’s actions in the coming months could have far-reaching implications for gold prices and the broader financial landscape."

@ Newshounds News™

Read more:  Dedollarize News

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Bank of England seeks feedback for wholesale CBDC trials

Today the Bank of England published a discussion paper on innovation in money and payments. While it covers payments across the board, it aims to gather feedback for planned wholesale central bank money trials. This will include both a wholesale central bank digital currency (wCBDC) and a synchronization solution enabling DLT transactions to settle using the real-time gross settlement (RTGS) system.

The report states, “We judge that these risks are an  order of magnitude greater than the risks posed by retail use cases.”

At a retail level, the UK is now testing tokenized deposits through the Regulated Liability Network initiative. However, the paper warns of the need for progress. “Commercial bank money needs to keep pace with the needs of consumers and so carry functionalities to deliver safe and sustainable innovation in payments,” wrote the authors. “Absent such innovation, central banks may be left as the only game in town insofar as retail payments innovation is concerned.”

Regarding the wholesale CBDC trials,
in conjunction with the BIS Innovation Hub, the Bank already ran Project Meridian, which enabled a digital real estate transaction to settle via connectivity with the RTGS. Currently it’s running Project Meridien FX with the European Central Bank.

The paper outlines a series of planned wholesale tests for both the wCBDC and the synchronization solution. It envisages the latter as being a third system that integrates between the RTGS and various DLTs. It wants to run the tests side-by-side so it can make comparisons between the wCBDC and synchronization risks and complexity.

The tests encompass delivery versus payment (DvP).  Other uses cases will involve payment versus payment (PvP). Synchronization is already being trialed as part of Project Meridian FX, but it also wants to explore wCBDC.

Finally, it will test interoperability with global initiatives such as the BIS Project Agorá for cross-border payments in which the Bank is a participant.

@ Newshounds News™

Read more:  Ledger Insights

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UAE residents can now trade crypto directly with their bank accounts

The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market.

Crypto exchange M2 announced that it will allow residents in the United Arab Emirates to buy and sell Bitcoin and Ether directly using their bank accounts.

In an announcement shared with Cointelegraph, the digital asset custodian said that the new integration allows UAE residents to directly convert their dirhams into Bitcoin and Ether. Through trading pairs listed on M2’s spot markets, users can trade BTC and ETH for dirhams and vice versa. In addition, users can also deposit and withdraw dirhams.

The M2 team believes that the new integration enables users to “swiftly adapt to market changes,” allowing them to easily convert their local currency into crypto.

Wider accessibility of virtual assets in the UAE
According to M2, the new integration allows the exchange to expand its offerings amid a rapidly evolving landscape. The team also believes the new integration is a milestone for the “wider accessibility of virtual assets in the region.”

Kimmel told Cointelegraph that the new integration could also help everyday investors, especially those who are not “fully entrenched” in the nuances of the trading environment.

UAE is one of the world’s “strictest” in consumer protection.  In addition, the executive highlighted that this move is also regulated by the UAE government, which he described as one of the world’s “strictest regulatory frameworks” that prioritizes consumer protection.

@ Newshounds News™

Read more:  Coin Telegraph

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HOW MUCH MONEY IS IN CRYPTO?
HAVE YOU EVER CONSIDERED THE MARKET CAP ON THE LARGEST CRYPTOCURRENCIES?

IT MIGHT SURPRISE YOU

1. BITCOIN               1.3 Trillion
2. ETHEREUM         398 Billion
3. TETHER-USDT    114 Billion
4. BNB                        86 Billion
5. SOLANA                 84 Billion
6. XRP                      35 Billion
7. USDC                    33 Billion
8. DOGE                     18 Billion
9. TON                       17 Billion
10. CARDANO ADA   18 Billion        

@ Newshounds News™

Read more:  Coin Market Cap

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What Is Market Capitalization?

"Market capitalization, or "market cap," represents the total dollar market value of a company's outstanding shares of stock. Investors use this figure to determine a company's size instead of sales or total asset value."

"Market capitalization estimates a company's value by extrapolating what the market thinks it is worth for publicly traded companies and multiplying the share price by the number of available shares. After a company goes public and begins trading on an exchange, its share price is determined by supply and demand. As market prices move, the market cap becomes a real-time estimate of the company's value. "

Market Cap and Digital Currency
Because new digital currency offerings theoretically thin the value of existing coins, tokens, or shares, a different market cap formula can be used to calculate the market cap for all authorized shares or tokens. Analysts use diluted market cap to understand potential changes to a security, token, or coin's price."

@ Newshounds News™

Read more:  Investopedia

~~~~~~~~~

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Will Canada Beat Japan in the Race to a Total Fiat Currency Collapse?

Will Canada Beat Japan in the Race to a Total Fiat Currency Collapse?

On July 29, 2024 By Awake-In-3D

Maybe Canada should consider Joining the BRICS gold-backed currency system – if only Canada had some gold.

Once a beacon of prosperity and stability, Canada now faces unprecedented challenges.

The nation’s standard of living is plummeting, economic policies are under intense scrutiny, and an increasing number of Canadians are considering leaving the country.

In This Article

• Canada vs. Japan in a Currency Race to the Bottom

• The Decline of Canada’s Standard of Living

• By the Numbers: Canada’s Current Economic Disaster

• Trudeau’s Economic Policies and Their Impact

• Future Prospects for Canada’s Economy

Of course the United States is also in serious decline. However, Canada does not have the luxury of having the world’s reserve currency.

Nor does Canada hold a single ton of gold in her sovereign monetary reserves.

This article details Canada’s troubling decline, offering a comprehensive look at the forces reshaping the Great White North.

Canada’s standard of living is on track for its worst decline in 40 years, according to a new study by Canada’s Fraser Institute.

The study compared the three worst periods of decline in Canada over the last 40 years – the 1989 recession, the 2008 global financial crisis, and the current post-pandemic era.

Unlike the previous recessions, Canada is not recovering this time. Something broke.

In fact, according to the Financial Post, since 2019, Canada has had the worst growth out of 50 developed economies. Inflation-adjusted Canadian wages have been flat since 2016.

Canada vs. Japan in a Currency Race to the Bottom

While both Japan and Canada are major global economies, neither country’s currency is faring very well against King Fiat Dollar this year.

The Canadian Dollar has lost 4.34%of its value year to date while the Japanese Yenb has depreciated 8.43% against the US dollar (see charts below).

CAD/USD Year to Date

JPY/USD Year to Date

While Japan’s 250% debt to GDP is a catastrophic problem with no way out, at least they have built up their sovereign gold reserves to 846 tons as of March of 2024.

Canada, on the other hand, has absolutely zero gold reserves. What are they thinking?

As I will explain below, holding no gold reserves is only the tip of the iceberg as the economic disaster unfolding in Canada paints a very dangerous future for my friends in the Great White North.

The Decline of Canada’s Standard of Living

Canada’s per-person real GDP is still falling, and with a looming US recession, Canada could crash again before it ever recovers.

The US accounts for 75% of Canada’s exports, making its economic health crucial to Canada’s prosperity. Canadian bankruptcy filings jumped 40% last year, while CIBC reports nearly half of Canadians have zero emergency savings.

Additionally, StatsCan reports that Canada’s violent crime rate is up 40% since 2014.

An Ipsos poll found that 7 in 10 Canadians agree that “Canada is broken,” rising to 8 in 10 for those between ages 18 and 34.

The Angus Reid Institute found that 42% of Canadians are considering moving to another country.

By the Numbers: Canada’s Growing Economic Disaster

• Canada’s standard of living is on track for its worst decline in 40 years.

• Since 2019, Canada has had the worst growth out of 50 developed economies.

• Inflation-adjusted Canadian wages have been flat since 2016.

• Canada’s per-person real GDP is still falling.

• The US accounts for 75% of Canada’s exports, impacting Canada’s economic health.

• Canadian bankruptcy filings jumped 40% last year.

• Nearly half of Canadians have zero emergency savings, according to CIBC.

• Government spending has nearly doubled to almost half of GDP.

• Government workers in Canada are growing almost four times faster than the private sector.

• One in three Canadians now work for the government, earning 30% more in salary and benefits than private-sector counterparts.

• Food inflation in Canada is up 25% since the pandemic.

• Energy costs in Canada have risen 30%, partly due to a carbon tax.

• Sales tax in most Canadian provinces is 13 to 15 percent on everything you buy.

Trudeau’s Economic Policies and Their Impact

Justin Trudeau’s administration has been marked by significant changes in economic policy.

Trudeau’s campaign aimed to convert Canada from a mixed economy like the US into a government-dominated economy similar to some European countries.

Under Trudeau, business investment has plunged by a third, while government spending nearly doubled to almost half of GDP.

Canadian Prime Minister Justin Trudeau. Source: True North News

Government workers in Canada are growing almost four times faster than the private sector, and one in three Canadians now work for the government, earning 30% more in salary and benefits than their private-sector counterparts.

This has made it challenging to win an election on a small-government platform, as 40% of voters are directly dependent on government-provided livelihoods.

Future Prospects for Canada’s Economy

In the near term, things will likely worsen because Canadians are stuck with Trudeau through the next election in 2025.

Conservative leader Pierre Poilievre is currently ahead in the polls, but government-funded media efforts to undermine him are narrowing his lead.

This suggests continued inflation, economic decline, mass migration, and rising crime.

Pierre Poilievre, leader of the “Common Sense Conservatives” speaks at a 2023 Town Hall meeting in Nova Scotia. Source: The Laker News

The Bottom Line

Canada is facing a critical period of economic and architectural decline. With flat wages, rising living costs, and a struggling economy, Canadians are experiencing one of the worst periods of decline in recent history.

The future of Canada’s economy remains uncertain, but addressing these issues is essential for restoring prosperity and stability.

Contributing Sources: 

• https://brownstone.org/articles/canadas-worst-decline-in-40-years/

• https://www.fraserinstitute.org/sites/default/files/changes-in-per-person-GDP-Income-1985-to-2023.pdf

• https://financialpost.com/news/canada-standard-of-living-faces-worst-decline-40-years#:~:text=A%20leader%20among%20the%20so,rate%20among%2050%20developed%20economies.

• https://thehub.ca/2024/07/23/theo-argitis-taking-stock-of-canadas-complicated-economy-before-tomorrows-bank-of-canada-decision/

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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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BRICS to Leave World Bank: What are alternatives?

BRICS to Leave World Bank: What are alternatives?

Fastepo:  7-30-2024

Are the World Bank and IMF Truly Serving the Global South, or Is It Time for Change? The effectiveness of the World Bank and the International Monetary Fund (IMF) has come under increasing scrutiny from BRICS nations, which argue that these institutions are dominated by Western interests and fail to address the needs of developing countries.

Critics highlight the stringent loan conditions imposed by the World Bank and IMF, which often do not align with local priorities and can exacerbate economic and social challenges.

Indian Prime Minister Narendra Modi has publicly criticized the World Bank's governance structure, describing it as outdated and disproportionately favoring Western nations. Modi has called for a more equitable system that provides greater representation and decision-making power to developing countries.

This stance reflects India's broader push for reforms in international financial institutions to ensure fairer treatment of emerging economies.

South Africa's experiences with the World Bank have also been contentious. The country has faced significant challenges due to the stringent conditions attached to World Bank loans, particularly those affecting its economic policies and social programs.

In the 1980s and 1990s, South Africa was subject to structural adjustment programs mandated by the World Bank and IMF, which included austerity measures, privatization of state-owned enterprises, and trade liberalization. These policies are widely believed to have undermined South Africa's economic sovereignty and increased social inequalities.

 Nobel laureate economist Joseph Stiglitz has been a vocal critic of the IMF and World Bank, particularly in the context of Russia. Stiglitz argues that the rapid privatization and market liberalization policies advocated by these institutions in the 1990s led to severe economic and social turmoil.

These policies resulted in a significant decline in GDP, increased poverty rates, and greater economic inequality, with a dramatic fall in life expectancy and rising unemployment.

 Critics argue that the World Bank's policies perpetuate Western influence, marginalizing the unique economic contexts of Global South nations.

 In response, BRICS has established the New Development Bank (NDB) to support infrastructure and sustainable development projects, providing an alternative to traditional financial institutions.

Geopolitical considerations also play a crucial role in BRICS' stance. The bloc's resistance to Western sanctions and efforts to trade in non-dollar currencies illustrate its push for a more equitable global financial system.

These actions underscore the growing desire among BRICS nations to reduce dependency on the US dollar and create a more inclusive economic order.

This video explores the criticisms of the World Bank, examining its historical Western control and the contentious programs that have had mixed impacts on global development.

 It delves into the reasons behind the Global South's shift towards alternatives like the NDB, emphasizing the need for financial systems that support more sustainable and equitable growth.

https://www.youtube.com/watch?v=XWBcZ1FkQdY

News, Rumors and Opinions Wednesday AM 7-31-2024

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. 31 July 2024

Compiled Wed. 31 July 2024 12:01 am EST by Judy Byington

Judy Note: On Tues. 30 July 2024 the US National Debt (to the Deep State Cabal) hit over $35 Trillion. Although Congress was legally liable to pass and conform to a budget each year, they have never done so to my knowledge during my 80 year lifetime.

The British Crown then sent the US Taxpayer monies on to the Vatican Bank, where the Black, Grey and White Popes then used it again for their own purposes, and then sent our monies on to their Central Banks across the World – where Bankers made even more money off of US Taxpayers.

About a month later the US Taxpayer monies were returned to a Cabal Deep State owned bank in New York, where they charged us Taxpayers interest in order to use our own monies to pay their private corporation US Inc. employees.

That’s where the National Debt came from: Over $35 Trillion in debt of Taxpayer Monies caused by the Cabal, was now owed to the Cabal.

Members of the US Congress were well aware of this corrupt financial system that has been in place since 1913, yet have been blackmailed and paid big monies to not do anything about it – which they don’t, never have and seem to have had no incentive to change the system in the future….

 Soon we will be going back to 1955 prices: The value of $8,000 in 1955 was approximately equivalent to $85,896.23 in today’s money, adjusted for inflation.

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

Tues. 30 July 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

Tier4b (us, the Internet Group) could get notified to set redemption appointments on Wed. 31 July and start appointments on Thurs. 1 Aug, or be notified on Thurs. 1 Aug and start appointments that same day.

On Tues. 30 July Bankers and Paymasters tied into Wells Fargo, Bank of America and HSBC were working to get information, consolidate procedures and finish.

Paymasters have been paying out Bond Holders.

A US Treasury Email came out tonight to Paymasters that told them to key in their codes and ID to fund the rest of their Bond Holders, but the computer wouldn’t let them complete the transaction. They were told to wait until morning to finish the job.

We have been told that the Restitution and Reclamation Allowances will be paid out the first week in August – which is, of course, this week.

Paymasters have said that everything is completed and Iraq is ready.

When Tier4b is paid we will be hydrating the banks.

~~~~~~~~~~

Tues. 30 July 2024 Wolverine

Tues. 30 July 2024 Wolverine: “Heard from the Asian country that Wednesday is D day – liquid for them – spendable money to their members. It will be very emotional for all of you guys. I want you to get ready as Tier4B is coming, I can assure you of that.  Keep an eye on your emails as well.  This will be the biggest transfer of wealth in the history of mankind and all of you are part of it – Always thank the person who invited you, to this incredible blessing, to be called by God to change the world. I, for one, will help the people in Venezuela to help their suffering. God bless you.” …Wolverine

~~~~~~~~~~~

Tues. 30 July 2024 Mr. Pool on Telegram:

As I see it, we are waiting for some public announcements to come forth including:

1.  Public announcement of the USN on the gold and asset standard

2.  Public announcement of the new USN notes money supply

3.  Public announcement of USN bills paid.
     a. Iraq has a trust problem with the US.
     b.  They need to see items 1-2 and three above publicly announced So they can go forward.

4.  Public announcement of the new Iraq international Dinar rate

5.  Public announcement of the new Iraq international data rate published in The Gazette

6.  Public announcement of Nesara

7.  Public announcement of Gesara

8.  Public announcement of Biden gone

10.  Private announcement of RV notifications including 800 numbers and Starlink a.  Private announcement of tier 3 liquidity and spendable. b.  Private announcement for liquidity of all tiers

11.  Public announcement of the following
     a.  Social Security increase and change of system
     b.  Reclamation monies
     c.  Debt forgiveness jubilee
     d.  Other funds as applicable

We should begin to see these flowing out in the soon coming immediate future

There are other events that are important such as the stock market crash, EBS, and the new financial system. I have chosen not to include them in the list above, but those things are coming and we should pay attention to real events that are about to and very soon begin to unfold.

Hold the line and stay steady. Lock your faith into the Word of God. What is about to happen is biblical and we should understand that.

See you on the other side. The other side is the Promised Land. Are you truly ready?

Read full post here:  https://dinarchronicles.com/2024/07/31/restored-republic-via-a-gcr-update-as-of-july-31-2024/

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

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

Jeff  The World Trade meeting...July 18th, that's their 3rd World Trade accession meeting.  They waited 16 years for that meeting.  16 years.  Reason why is because there's conditions and requirement that have to be met for that meeting.  A tradable convertible currency...they cannot be under US/UN sanctions.  That's why they've waited 16 years for that meeting...Everybody's who's on the board of directors and members board will only have until August 15th, this was in print, to get their comments submitted for this World Trade accession...

Militia Man  Article: "Paralyzed for 19 years.. Parliamentary optimism about passing the most important laws in Iraq"  Quote: “The oil and gas law is the most important of the suspended laws...this issue will be resolved in the coming days.”  There is absolutely no coincidence that this law is on the table now...We never know what the coming days will mean. However, with...where Iraq is in her reforms and the loss of revenues from the Kurdistan Region, the pressure has been mounting for results needing to take place and quickly. This is a very good sign of things to come and likely first or at the same time...

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

One Million IQD at 80 Cents Equals How Much in Profits and Taxes?

Edu Matrix:  7-30-2024

One Million IQD at 80 Cents Equals How Much in Profits and Taxes? For IQD Investors and US Taxpayers, Here's the Scoop and What You Will Need to Do

https://www.youtube.com/watch?v=X21WZbj9H0A

Economist’s “News and Views” Tuesday 7-30-2024

West Panic: Italy’s Meloni In Beijing For Desperate Reset, Russia Drops Major BRICS Update

Sean Foo:  7-30-2024

After breaking away from China's Belt & Road, Italy's Meloni is in Beijing to reset economic relations.

 Rome follows more G7 countries trying to tilt towards China to hedge themselves against an unpredictable US election.

Meanwhile, Russia has dropped a big update. A major South-East Asian economy could be joining BRICS very soon.

Timestamps & Chapters:

 0:00 Italy Running Back To China

2:42 Meloni Wants Chinese Investments

6:15 Russia Drops BRICS Bombshell

7:45 Sponsor: Indigo Precious Metals

 9:10 China Winning Over Asia

10:42 Malaysia's Ambition Needs BRICS

13:38 World Order Shifting East

https://www.youtube.com/watch?v=GGNjV-3IxSw

$35 TRILLION DEBT WALL: Historic National Debt Surges, US Pays $2.4 Billion in Interest Daily

Lena Petrova:  7-30-2024

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

WARNING: Banks May Not Survive This (what the experts aren’t telling you)

Taylor Kenny:  7-30-2024

New data reveals unprecedented levels of lending to banks, suggesting an alarming fragility within the sector. Despite reassurances of stability, the sudden surge in bank term funding and credit lending signals deep underlying issues.

As experts warn of a looming financial meltdown, the urgency to protect personal wealth has never been more critical.

Stay tuned as Taylor Kenney uncovers the stark realities facing our banking system.

https://www.youtube.com/watch?v=LTVbxHn0M9s

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-30-24

Good Afternoon Dinar Recaps,

USDT= TETHER'S STABLECOIN IS THE BIGGEST CRYPTOCURRENCY BEHIND BITCOIN IN  EAST ASIA

"There’s arguably nothing special about Tether in itself, not least because the stablecoin still hasn’t undergone a full audit. However, it has become a lifeline in parts of the world where trading crypto with fiat currencies is either prohibited or very difficult, whereas it remains marginal in markets such as the United States."

"Tether may be viewed with a mixture of suspicion and bemusement in the West, but in East Asia it is the biggest cryptocurrency after Bitcoin."

"According to Chainalysis’ 2020 Geography of Cryptocurrency Report, STABLECOINS account for 33% of all value traded on-chain in East Asia, as opposed to 21% or Western Europe and 17% for North America. And of the STABLECOINS traded in East Asia, 93% of the traded value comes from Tether."

"This is big, and pretty much all of this outflow comes from China. As the table below indicates, Chinese traders exclusively use Tether to trade with Bitcoin, while traders in Japan and South Korea predominantly use their respective national currencies."

@ Newshounds News™

Read more:  Crypto Advantage

~~~~~~~~~

UK joins ‘E-Commerce Joint Initiative’ to promote digitalization of customs documents and processes

The agreement, known as the E-Commerce Joint Initiative, was finalized on July 26, 2024, after five years of negotiations involving 90 countries, aiming to eliminate customs duties on digital content

▪️ The agreement eliminates customs duties on digital content, lowering costs for UK businesses

▪️ It mandates the adoption of digital customs systems and e-documents, potentially increasing UK GDP by up to £24.2 billion

▪️ The initiative also introduces legal safeguards against online fraud, enhancing consumer protection.

The UK has joined a groundbreaking global digital trade agreement, the first of its kind negotiated under the World Trade Organization (WTO).

The agreement, known as the E-Commerce Joint Initiative, was finalized on July 26, 2024, after five years of negotiations involving 90 countries.

This initiative aims to modernize international trade by promoting the digitalization of customs documents and processes, and is expected to significantly benefit the UK economy.

Digitalisation of customs documents and processes
The E-Commerce Joint Initiative focuses on creating a more efficient and secure global trade environment.

By committing to the digitalization of customs documents and processes, the agreement seeks to replace outdated paper-based systems.

This transition is expected to save time and reduce costs for businesses by eliminating the need for physical signatures and the physical exchange of documents.

The Organization for Economic Co-operation and Development (OECD) estimates the value of global digital trade at around £4 trillion and growing.

The UK’s involvement in this agreement could see a significant economic boost.

According to the UK government’s analysis, adopting advanced digital trading systems could increase the UK’s GDP by up to £24.2 billion, based on 2023 GDP figures.

The agreement also aims to protect consumers from online fraud and misleading product claims.

By establishing a common set of rules, it helps create a safer environment for digital transactions.

For UK businesses, particularly those in financial services, the adoption of e-documents and e-signatures will simplify international transactions, reducing reliance on paper contracts and manual processes.

@ Newshounds News™

Read more:  Trade Finance Global  

~~~~~~~~~

WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce

With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants agreeing to a two-year extension of a moratorium on taxation of cross-border electronic transmissions — mitigating the fragmentation that businesses face when transacting internationally is top of mind for global enterprises.

The 91 WTO members participating in the discussions account for over 90% of global trade, and the joint statement’s co-conveners, Australia, Japan and Singapore, were able to pass an agreement banning the imposition of “customs duties on electronic transmissions between a person of one Party and a person of another Party.”

Role of Standardization
Crucially, within the text of the WTO agreement, are the hints of a slow-but-sure reimagining of cross-border commerce’s digital transformation — both around international e-invoicing and paperless global trade.

“The Parties recognize that electronic invoicing frameworks can help improve the cost effectiveness, efficiency, accuracy, and reliability of electronic commerce transactions.

As PYMNTS has covered, the move toward e-invoicing is not merely about converting a paper invoice into a digital format; it’s about reimagining the entire business-to-business (B2B) invoicing process to be more streamlined and better integrated into digital business ecosystems.

The workflow transformation promises to reduce errors, lower costs, and speed up B2B payment processes, offering benefits to companies of all sizes.

Already, more than 80 countries have put in place a mandate for e-invoicing or continuous transaction control (CTC) requirements as governments around the world look to prioritize tax reform and real-time reporting.

PYMNTS Intelligence data has found that nearly half (45%) of small and medium-sized businesses (SMBs) cited manual invoice review as a problem when making payments, with 19% saying it was their top issue.

“With a view to creating a paperless border environment for trade in goods, the Parties recognize the importance of eliminating paper forms and documents required for importation, exportation, or transit of goods …

Cross-border payments often involve multiple intermediaries, resulting in high fees and long processing times.

“If you do a $10 transaction today, you’ll probably spend a very significant part of that $10 as fees. And we need to get to a point where that base fee is something that you don’t have to think about, so that you can do low-value transactions at scale — that could change the landscape of cross-border payments,” Ram Sundaram, COO at TerraPay, explained to PYMNTS.

@ Newshounds News™

Read more:  PTMNTS  

~~~~~~~~~

RICS Summit 2024

Russia will hold the BRICS Summit in Kazan from October 22 to 24, 2024.

During its BRICS presidency this year, Russia has said it will focus on "promoting the entire range of partnership and cooperation within the framework of the association on three key tracks – politics and security, the economy and finance, and cultural and humanitarian ties."

@ Newshounds News™

Read more:   Uniting to Combat NTDs   

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

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Q & A Classroom Link  

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Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Breaking Down the Coming Debt Crisis - Five Undeniable Truths About Money

Kevin Freeman: Breaking Down the Coming Debt Crisis - Five Undeniable Truths About Money

Palisades Gold Radio:  7-29-2024

Tom Bodrovics invites Kevin Freeman to the show. Kevin is a Co-Founder of the NSIC, Host of The Economic War Room, Bestselling Author and Expert on Economic Warfare.

 Kevin shares his passion for restoring a monetary system based on gold and silver, known as 'pirate money.' He argues that historically, societies have recognized gold and silver as money until recently when they began treating them as commodities or investments.

 Kevin then delves into economic warfare, explaining it as the use of economic means to undermine adversaries or enemies. He emphasizes its significance in today's world where economic power is wielded aggressively and sometimes arrogantly by both foreign and domestic enemies.

 He believes that elites aim to enslave economically through dependency on them.

The conversation then turns to the unsustainability of the debt-based monetary system, which Kevin sees as a form of enslavement due to the constant need to pay off debts.

He presents five truths about America's current situation, starting with its unsustainable debt path. With federal debt at $35 trillion and rapidly growing, the interest alone costs between $1.4 to $1.75 trillion annually, nearly equal to half of all personal income tax receipts in the U.S.

Furthermore, Kevin explains the structure of the U.S. national debt, particularly its short maturities leading to substantial increases in interest payments despite potential lower interest rates.

 He criticizes both the Trump and Biden administrations for missing opportunities to issue longer-term debt during near-zero rate periods.

 Mr. Freeman expresses concerns about the U.S.'s role as the issuer of the world's reserve currency and its use in economic wars. The potential danger lies in nations forming alternative trading blocks and removing the dollar's reserve status, which could weaken the U.S. economy significantly.

 He also discusses the historical precedent of using debt to influence foreign policy and inflation's disproportionate impact on the poor, leading to wealth disparity and potential social unrest.

The conversation then touches upon the potential weaponization of currencies by governments, specifically central bank digital currencies (CBDCs), which offer governments control over how their currency is used.

Kevin advocates for the use of gold and silver as legal tender to maintain purchasing power and avoid potential taxation like fiat currency. REDACTED Kevin concludes by advocating for a pirate money solution involving individuals holding their money in gold and silver at the state level, which cannot be interfered with by federal authorities based on court cases supporting real money.

 He encourages spreading awareness about the problem and solution.

Time Stamp References:

 0:00 – Introduction

 0:53 - Pirate Money

 3:18 - Economic Warfare

7:40 - Debt Enslavement

11:49 - Debt Unsustainability

 13:57 - Bonds & Long Term Debt

 16:34 - Borrowing Vs. Printing

17:54 - Debt Servicing & Spending

 20:13 - BRICS Vs. the Dollar

 24:00 - Dollar Weaponization

 28:34 - Inflation & Wealth Gap

33:39 - Fed's Purpose & Tool

38:19 - Exporting Inflation

43:15 - Inflation & CBDCs

 50:50 - Metals Legal Tender?

56:48 - Currency Solutions

1:02:48 - Wrap Up

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

Financial Apocalypse: U.S. Debt Reaches Mind-blowing $35 Trillion

Financial Apocalypse: U.S. Debt Reaches Mind-blowing $35 Trillion

On July 29, 2024 By Awake-In-3D

We Are Heading for an Economic Collapse at Warp Speed as Alarming Facts are Revealed

In This Article:

• The Dire State of U.S. National Debt

• Catastrophic Economic Implications

• Root Causes of the Explosive Debt Growth

The United States has reached a critical and alarming milestone: a national debt of $35 trillion.

This colossal figure not only breaks records but also signals an impending economic catastrophe.

VISUALIZING HOW LARGE $1 TRILLION DOLLARS ACTUALLY IS. Source: TheCalculatorSite.com

The Dire State of U.S. National Debt

The gross national debt of the United States has now soared past $35 trillion, a number that is almost unfathomable.

House Budget Committee Chairman Jodey Arrington (R-TX) expressed grave concern, noting the debt equates to $104,497 per person, $266,275 per household, and $483,889 per child.

In just one year, the debt has ballooned by $2.35 trillion, averaging $196 billion in new debt every month.

Catastrophic Economic Implications

This unprecedented level of debt spells disaster for the U.S. economy.

It threatens to drive up interest rates, reduce national savings, and compromise national security. The federal debt includes both public and intragovernmental holdings, placing an enormous burden on future generations.

ANOTHER WAY TO VISUALIZE JUST HOW LARGE $1 TRILLION ACTUALLY IS. Source: The Visual Capitalist

Root Causes of the Explosive Debt Growth

The potential for higher taxes and severe currency debasement looms large as the debt spirals out of control.

The rapid escalation of the national debt is attributable to several factors, with the government’s irresponsible response to the COVID-19 outbreak playing a significant role due to massive welfare spending.

However, the path to this fiscal abyss began long before the that, fueled by structural issues such as unsustainable entitlement programs, out-of-control government spending, and impotent economic policies that fail to generate sustainable tax revenues.

The Bottom Line

The U.S. national debt exceeding $35 trillion is not just a number—it’s a harbinger of economic disaster.

The enormity and implications of this debt demand urgent and decisive action.

Without immediate intervention, the United States faces a future marked by financial instability, higher taxes, and severe austerity measures.

=======================================

© 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

Follow me on Twitter: @Real_AwakeIn3D

“Tidbits From TNT” Tuesday 7-30-2024

TNT:

Tishwash:   UrgentAl-Sudani visits Tehran today

Prime Minister Mohammed Shia Al-Sudani will visit today, Tuesday, to participate in the swearing-in ceremony of the new Iranian President, Masoud Pezeshkian, which will take place in the Islamic Shura Council {Parliament}.

Foreign delegations will continue to arrive in Tehran from yesterday until the remaining hours of the swearing-in ceremony of the ninth Iranian president.

It is worth noting that the implementation ceremony of President Masoud Pezeshkian’s decree was held the day before yesterday, Sunday, and the text of the fourteenth presidential decree was delivered to the president-elect by the Leader of the Islamic Revolution in Iran.

According to Article 121 of the Iranian Constitution, the President of the Republic must take the constitutional oath before the Glorious Word of God and in the presence of members of Parliament, members of the Guardian Council, and the head of the judiciary in the Islamic Consultative Assembly.

The swearing-in ceremony of President Masoud Pezeshkian will be held in the Islamic Consultative Assembly on Tuesday evening, and according to Alireza Sharifi, the executive deputy of the parliament, more than 70 foreign delegations from different countries will participate in this ceremony.   link

***********

Tishwash:  In the presence of Al-Sudani.. 3 files bring the framework together at the nightly negotiating table

The Coordination Framework, which includes the Shiite forces forming the government of Mohammed Shia al-Sudani, is scheduled to hold an important meeting on Monday evening, with the attendance of all its leaders, in addition to the Prime Minister.

A leader in the framework told Shafaq News Agency, "The Coordination Framework will hold a meeting in an hour from now, in the presence of its leadership and the Prime Minister, to discuss a number of important topics and issues on the political scene."

The leader added, "The meeting of the framework leaders will discuss the issue of   the position of the Speaker of the House of Representatives and agree to set a record date for holding the session to elect the president."

He explained that "the meeting will also discuss the file of forming local governments in the provinces of Diyala and Kirkuk, in addition to discussing with Al-Sudani the file of the Turkish incursion into Iraqi territory."

Despite the passage of more than 8 months, the Sunni political forces have not succeeded in agreeing on an alternative candidate for Parliament Speaker Mohammed al-Halbousi .

The parliament failed five times in a row to resolve the issue, in light of the division between the political parties in supporting one of the candidates for the position, namely Mahmoud Al-Mashhadani, the candidate of the Progress Party, and Salem Al-Issawi, the candidate of the Sunni parties (Sovereignty and the Azm and Al-Hasm alliances), who obtained the majority of votes during the last parliament session .

A few days ago, the Azm Alliance, led by Muthanna al-Samarrai, warned the Shiite forces against continuing to obstruct the election of the Parliament Speaker .

The leader of the coalition, Haider Al-Mulla, told Shafaq News Agency, "The talk about achieving a Sunni-Sunni consensus is an attempt to obstruct the election of the Speaker of the Council of Representatives. Throughout the life of the political process in Iraq, there has been no consensus or agreement on choosing any of the three presidencies."  link

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

Tishwash:  Article 140 raises controversy again.. Calls to delay its implementation and take into account the “sensitivity of the situation”

 MP Mudhar Al-Karwi called, today, Monday (July 29, 2024), to delay the implementation of Article 140 in 38 villages in eastern Iraq, stressing that  the sensitivity of the situation must be taken into account .

Al-Karwi said in an interview with Baghdad Today, "The Committee for the Implementation of Article 140 recently issued a decision regarding agricultural contracts in 38 villages located within the vicinity of Khanaqin District in Diyala Governorate. This is a sensitive issue and requires flexible procedures because hundreds of farmers have official contracts that extend for decades."

Al-Karwi called on the Prime Minister to “issue an order to delay the implementation of the decision of the Committee for the Implementation of Article 140 and to give an opportunity to review the contracts in the villages covered by a higher committee affiliated with the Ministry of Agriculture and the rest of the parties to avoid any injustice or unfairness that affects Arab farmers. The sensitivity of the situation must be taken into account and the matter must be done according to fair and just principles to avoid any confusion.”

He pointed out that "waiting is the most appropriate thing at the moment and agreeing on specific procedures that will lead to achieving justice and fairness for all parties and that no farmer will be wronged, especially since the residents of these villages have been living there for decades."

It is noteworthy that the Article 140 Implementation Committee, headed by Hadi al-Amiri, recently issued a decision regarding agricultural contracts in the villages of Khanaqin and returning them to Kurdish farmers.  link

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

Tishwash:  Government Advisor: Adopting budget schedules has become a reality and does not affect financial obligations

 The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the budget schedules have become a reality, and issuing instructions is a procedural matter that does not affect financial obligations.

Saleh said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the legal basis for the current fiscal year 2024 is something that has been legislated and approved primarily, based on the provisions of the federal general budget for the years 2023, 2025, 2024 issued by Law No. 13 of 2023, which was published on June 26, 2023 in the Official Gazette."

He explained that "what is stipulated in Article Two/77 of the law includes the executive authority submitting the financial tables for the two fiscal years 2024, 2025 to enable the House of Representatives to approve them sequentially," noting that "this was achieved in the fiscal year 2024." He
pointed out that "the three-year federal general budget was implemented for the first time in the country, which was based in its approval on one of the articles included in the provisions of the Federal Financial Management Law No. 6 of 2019, as amended, which authorized the work of a financial plan consisting of a general budget for three fiscal years."

He added that "the legal options available to implement the provisions of the federal general budget have become more flexible for the federal financial authority, in addition to the availability of the federal financial management law itself, which allows financial transactions even if any approval of the general budget formalities is delayed in principle, especially allowing continued spending or disbursement on investment projects approved in the three-year general budget as ongoing projects, as well as operational spending, or any financial transactions stipulated in the three-year general budget law."

He added, "Despite this, the adoption of the financial tables for the current fiscal year 2024, which were approved by the House of Representatives earlier this year, has become a reality, and issuing instructions for their implementation is a procedural matter that does not affect the obligations of the fiscal year itself, as these instructions are in all cases consistent with the emerging financial transactions when issued."

He added that "the Ministry of Finance had announced earlier this month the issuance of financial bonds (achievement bond) as a source of financing for the budget by borrowing from the local financial market worth 1.5 trillion dinars," stressing that "spending on operating expenses such as salaries, pensions, social care, debt services, and others is ongoing, in addition to the continued financing of ongoing investment projects and those under implementation."

He pointed out that "all of these activities are financial activities in which spending has not stopped, which is consistent with the legal work rules that came with the three-year federal general budget, with high flexibility, transparency, and governance."

He noted that "the instructions for implementing the general budget schedules for the fiscal year 2024 will touch upon some of the developments and partial financial transactions that have been newly created or adapted, and not the faculties of public finance, and that the financial activity in the country with its three pillars: revenues, expenditures, and deficit management is proceeding in a consistent and harmonious manner and in accordance with the objectives of the three-year general budget law, and that the executive and legislative authorities are in continuous communication and high coordination to ensure the achievement of public interests without interruption   link

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

Mot: . Happy Tuesday everyone

Mot: .... Nuttning Better -- HUH!!!! 

Seeds of Wisdom RV and Economic Updates Tuesday Morning 7-30-24

Good Morning Dinar Recaps,

EU and Singapore finalise Digital Trade Agreement

The European Union (EU) and Singapore have successfully concluded negotiations for a landmark Digital Trade Agreement (DTA), an initiative aimed at setting global standards for digital trade and cross-border data flows.

On 25 July 2024, the European Union (EU) and Singapore successfully concluded negotiations for a landmark Digital Trade Agreement (DTA), an initiative aimed at setting global standards for digital trade and cross-border data flows.

This agreement, the first of its kind for the EU, complements the existing 2019 EU-Singapore Free Trade Agreement (EUSFTA) and shows deepening economic relations between the two regions.

The DTA is designed to facilitate digitally-enabled trade in goods and services, ensuring that data flows across borders without unjustified barriers.

It provides a framework that guarantees consumer trust, predictability, and legal certainty for businesses, especially small and medium-sized enterprises (SMEs).

This agreement also includes rules on spam and cybersecurity, reinforcing the EU and Singapore’s commitment to a secure digital environment (Trade) (EURAXESS).

European Commission Executive Vice-President Valdis Dombrovskis and Singapore’s Minister-in-charge of Trade Relations Grace Fu announced the conclusion of the negotiations, highlighting the agreement’s importance.

They emphasised that the DTA not only reflects the growing digital economies of the EU and Southeast Asia but also their shared commitment to maintaining open, competitive, and fair digital markets.

The agreement is part of the EU’s broader strategy to update digital trade rules globally, as seen in recent digital trade chapters with the UK, Chile, and New Zealand.

The EU and Singapore will now proceed with their respective domestic procedures to formally sign and conclude the DTA.

The deal is expected to enhance the digital transformation of both economies, fostering innovation and providing new economic opportunities.

It also aligns with the EU’s Indo-Pacific strategy, aiming to strengthen ties with key partners in this region.

In conjunction with the DTA, the second Trade Committee meeting under the EUSFTA took place, co-chaired by Minister Fu and Executive Vice-President Dombrovskis.

They noted the strong trade relations between the EU and Singapore, with annual trade in goods and services surpassing €130 billion in 2022.

The meeting also covered bilateral cooperation in areas like the green economy and discussed recent global economic developments, including issues at the World Trade Organisation (WTO).

The EU-Singapore Digital Partnership, launched in February 2023, laid the groundwork for this agreement.

This partnership included Digital Trade Principles aimed at facilitating the free flow of goods and services while upholding privacy and data protection standards.

The Digital Partnership and the DTA together represent a significant advancement in the EU’s efforts to lead in global digital governance.

The formal signing and implementation of the EU-Singapore Digital Trade Agreement will further strengthen economic ties and provide a model for future digital trade agreements worldwide.

The agreement is expected to be fully operational by mid-2025, providing a boost to digital commerce and innovation in both regions.

@ Newshounds News™

Read more:  Trade Finance Global 

~~~~~~~~~

World Economic Forum document on “Decentralized and Non-Traditional Payment Schemes” cites Ripple as an example of an alternative rail for traditional payment systems 🔑

“If usage of the Ripple protocol were to expand to other banks, it could be EASILY used for real-time payment and settlement BETWEEN these institutions with NO automated clearing house or correspondent banks required.”

@ Newshounds News™

Read more:  Twitter

~~~~~~~~~

TRUMP'S PLAN IS TO DOLLARIZE THE WORLD THROUGH STABLECOINS

"This past Saturday, former president Donald Trump addressed the Bitcoin 2024 conference in Nashville, Tennessee, expounding upon the crypto and bitcoin policies likely to be implemented as part of a likely future Trump administration. 

Speaking in front of a banner emblazoned with the logo of Xapo bank, an institution which hopes to serve as a global bridge between bitcoin, the U.S. dollar and stablecoins, Trump’s speech revealed a policy vision that would integrate those three in order to “extend the dominance of the U.S. dollar to new frontiers all around the world.”

"Talk of a threatened dollar has been circulating for years, with the petrodollar system now having ended and increasingly influential power blocs seeking alternatives to the dollar as a reserve currency. However, Trump – per his recent speech – seems poised to employ bitcoin as a sink for out-of-control U.S. government debt and to unleash the expansion of digital dollar stablecoins, which are already quietly dollarizing numerous countries in the Global South as the consequences of Covid-era fiscal policies continue to decimate the purchasing power of the 99% globally."

 "Trump promised, among other things, to “create a framework to enable the safe, responsible expansion of stablecoins […] allowing us to extend the dominance of the U.S. dollar to new frontiers all around the world.” He then asserted that, as a result of his future administration’s embrace of dollar stablecoins, “America will be richer, the world will be better, and there will be billions and billions of people brought into the crypto economy and storing their savings in bitcoin."

@ Newshounds News™

Read more:  Bitcoin Magazine

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

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News, Rumors and Opinions Tuesday AM 7-30-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 30 July 2024

Compiled Tues. 30 July 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors/Opinions)

Tues. 30 July 2024 Wolverine: “We’re in for a magnificent week. We’re going to get some good news today.”

Sun. 28 July 2024 Wolverine Special Live Chat:

 “Looks like this is the week we have been waiting for. I am inundated with much intel coming through and it all lines up, and none of these sources know one another. So, this looks like it is definitely coming.   Received news from the leader of the Pentecostal and all the documentations are now about to be finished, they have to do documentations, and at last, the process has commenced, and by 31st will be able to hand physical money to the leaders, and I hope this happens as this platform has been on a roller coaster!

I will read this out what I received a few hours ago: “Welcome to the new era, with quantum cards for financial transactions, and also for the rate access to exclusive QFS without need for banks according to reports, this Sunday from 1800 hours, Zurich time payment notifications can begin. In Brazil – it will be early in the afternoon and expectations point to notifications today and payments starting on Monday for T2 and T3 title holders and then notifications for managers of spreadsheets of T4 operations, starting on Tuesday, July 30th.  None of this gets confirmed, as things can change, but at the moment it is a high possibility that this Intel is 100% real. 

Another country in Asia I cannot name, now says their platform is completely liquid, and are now on the verge of releasing funds to members – and that is 100% according to the source in that platform, and again confirmed last night.  

The Precatorious group, by mid-week, will be able to release funds to its members, as they are now liquid, having spendable money. Obviously, everything is a process, and those funds should be released to its members.

Also receiving a lot of intel from Brazil looks like they are waiting for this to be released for the end of the month.  We are looking by the 27th, which is already your 27th, that things should start, and then they are looking then from 27th onward to the end of the month. to the 31st of the month we should finally expect what we have been expecting for a long time.

Regarding me, I have to go soon, waiting to get the call to go.  I must leave, having to do something important, and I cannot tell you what it is or where I am going.  I will be out of here. You will only hear an opera from me.  I will leave the room with our beautiful Carpathia and Shelby to look after this channel. I do need to fly off, but you will see me during the get together.  I will be under NDA, maybe I can speak with you, but not about the RV.  

I thank each of you for supporting me for a long time. It has been quite a challenge and journey and has not been easy. Hoping anytime this week the opera will be released. 

I hope and pray anytime this week we will shout freedom ourselves.

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Sun. 28 July 2024: Masters of GCR/RV: A Deep Dive into Tiered Redemption, the Golden Age of QFS, and the Impact of Zimbabwe Dollar, Iraqi Dinar, Vietnamese Dong, Tier 4B, Tier 5, and NESARA GESARA Act – amg-news.com – American Media Group

Global Financial Crisis:

Mon. 29 July 2024: Urgent Financial Alert: US Debt Clock Surge and the Explosive Dollar to Silver Ratio You Need to Know About – US National Debt Just Broke $35 TRILLION for the First Time Ever – $103,827 Debt per US Citizen (VIDEO) – amg-news.com – American Media Group

Mon. 29 July 2024: The US national debt – the total amount of Treasury securities – rose to $35.00 trillion, according to the Treasury Department on Friday (rounded to the nearest billion: $34.998 trillion). (Wolf Street)

BRICS Announces Plan to Ditch SWIFT, Create Alternative Financial System – Tekedia  https://www.tekedia.com/brics-announces-plan-to-ditch-swift-create-alternative-financial-system/

The last bank has left Wall Street https://www.dailymail.co.uk/yourmoney/banks/article-13393117/last-bank-Wall-Street-luxury-living.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Mon. 29 July 2024: JP Morgan will be the last bank to declare BK. They are one of the primary owners of the FED. They’ll absorb smaller banks first, then ultimately collapse – as will fiat. …General klee, Liberty Lounger Extraordinaire

Mon. 29 July 2024: XRP Poised to Take Over As Russia Plans SWIFT Replacement for BRICS, Times Tabloid – Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple’s XRP News: https://timestabloid.com/xrp-poised-to-take-over-as-russia-plans-swift-replacement-for-brics/

Russia ATMs Down. https://news.online.ua/en/large-scale-cyber-attack-of-diu-russians-cannot-withdraw-cash-from-atms-sources-882574/

Under a new law US Banks will report Russian Assets for eventual forfeiture.

Central Bank of Nigeria sells $148 million in Forex to authorized dealers: https://www.ghanaweb.com/GhanaHomePage/business/Central-Bank-of-Nigeria-sells-148-million-in-forex-to-authorised-dealers-1942592

Mon. 29 July 2024 Cyber Attack on Russian Banks Causes Disruption: https://thecyberexpress.com/cyberattack-on-russian-banks-cause-disruption/

Read full post here:  https://dinarchronicles.com/2024/07/30/restored-republic-via-a-gcr-update-as-of-july-30-2024/

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

Jeff   Article:  "Oil MP rules out oil and gas law" I've been telling you guys the oil and gas law has been outstanding since 2005.  Quote:  "This law has been facing political dispute since 2005."  There it is confirmed for you in print...That's because this law is simply waiting on the rate to change.  It requires Iraq to have a tradable internationally recognized currency.  That's it...

Militia Man  Progress has been intense because there's some political opposition.  I think the US Treasury, Federal Reserve, Central Bank of Iraq, Al-Sudani...have been working to benefit the Iraqi citizens.  There's been blowback...Iraq is not alone in having pressure... Unfortunately corruption has been a problem for many years.  Nothing new.  But that's being changed so now it's getting more intense...

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Currency Profit Trends for 2nd Half of 2024

Edu Matrix:  7-30-2024

Currency Profit Trends for the Second Half of 2024—Gold—Bitcoin—ZiG—HTG—Cryptocurrency is on the Verge of a Possible Explosion Due to Congress's Actions.

Gold is set to continue increasing due to global financial uncertainty, and Haiti's currency continued to hold even during the gang violence, which is now hopefully over. Currency News; Iraq:

https://www.youtube.com/watch?v=igmxauXMKh4