Seeds of Wisdom RV and Economic Updates Sunday Afternoon 8-4-24

Good Afternoon Dinar Recaps,

Gold (XAU) Forecast: Dollar Weakness and Falling Yields Set Stage for Continued Rally

Key Points:
▪️ Gold surges 2.32% weekly despite Friday pullback, settling at $2442.50 amid geopolitical tensions and Fed rate cut expectations.
▪️ Middle East conflicts, including Hamas leader assassinations, boost safe-haven demand for gold as geopolitical hedge.
▪️ Powell's comments spark surge in trader bets for September rate cut, CME FedWatch tool shows 28.5% chance of 50-basis-point cut.
▪️ Weaker-than-expected U.S. jobs report strengthens case for gold: Only 114,000 jobs added, unemployment rises to 4.3%
▪️ Analysts eye $2,500 year-end target for gold, potentially arriving sooner if current bullish trends persist in the market.

@ Newshounds News™

Read more:  FX Empire
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Federal Reserve posted its biggest loss in history last year of $114 Billion

@ Newshounds News™

Read more:  Twitter

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Ripple Unveils RLUSD Webpage: Set to Compete with Tether and USDC

▪️RLUSD aims to compete with major stablecoins like Tether and USD Coin.
▪️Ripple’s strategic initiatives enhance the interoperability and utility of RLUSD.

Ripple Labs Inc. has developed a new webpage for its next stablecoin, RLUSD. The release has aroused widespread interest, with blockchain researcher Collin Brown noting that RLUSD intends to compete with big players Tether (USDT) and USD Coin.

This step demonstrates Ripple’s determination to increase its presence in the stablecoin sector, despite the changing regulatory landscape.

RLUSD Stablecoin to Leverage Ripple’s Cross-Border Network and XRP Ledger
The RLUSD stablecoin is expected to improve Ripple’s business operations by leveraging its current cross-border settlement network and the well-known Layer 1 protocol, XRP Ledger.

The stablecoin will be released on both the XRP Ledger and Ethereum, providing access to different ecosystems. This dual issuance adds significant liquidity to important trading pairs on certain centralized exchanges, increasing its utility and adoption.

The publication of the RLUSD webpage has fueled this enthusiasm, despite the fact that the stablecoin’s release date remains unknown.

On the other hand, as we previously reported, Monica Long, Ripple’s President, stressed the company’s focus on the XRPL EVM sidechain in their Q2 report, citing a collaboration with Axelar to improve interoperability. This strategic move is intended to improve the sidechain’s functioning and expand its use cases.

Also, according to a prior CNF report, Ripple has released 500 million XRP from escrow to an unnamed wallet, reportedly to assist liquidity and potential future initiatives.

Beside that, El Salvador is investigating the usage of XRP and Bitcoin for international trade with Russia, demonstrating the growing interest in Ripple’s solutions. This exploration is consistent with Ripple’s objective of improving cross-border transactions and providing more efficient financial services.

Meanwhile, according to CoinMarketCap, the XRP price is currently around $0.5458, down 4.47% over the last 24 hours. This also reflects a bearish position of 9.58% for the last 7 days.

@ Newshounds News™

Read more:  Crypto News Flash, XLRP-Sidechains, U Today, TimesTabloid

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Nizhny Novgorod to Host 8th BRICS Industry Ministers’ Meeting

The BRICS Industry Ministers’ Meeting will take place on 16 August 2024 as part of Russia’s BRICS Chairship in 2024. The event will focus on the development of industrial cooperation between BRICS countries.

The programme will include a BRICS–EAEU–UNIDO roundtable devoted to the synergy of developing economies and international organizations in order to accelerate industrial development and improve competitiveness.

Russian Minister of Industry and Trade Anton Alikhanov will also be available to the media.

The meeting will take place at the Nizhny Novgorod Fair. There will be a press centre for media representatives with a broadcast of the main programme events.

@ Newshounds News™

Read more:  BRICs-Rissia 2024

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Important Cardano Update Related to the Network’s Security: Details

“The alpha v1 release is just the beginning of the journey,” the team stated.

▪️Input Output launched the alpha v1 release of the partner chains toolkit for Cardano to enhance network security by leveraging stake pool operators (SPOs).
▪️Despite the disclosure, Cardano’s native token ADA remained around $0.38, with no significant price change.

The Alpha V1 Release
Input Output – a technology company responsible for the research and development of the Cardano blockchain – launched the alpha v1 release of the partner chains toolkit. 

The move aims to strengthen the network’s security by enabling developers to leverage Cardano’s extensive network of stake pool operators (SPOs).

“By leveraging SPOs, both new and existing networks can quickly increase their number of validators for a more robust and efficient security paradigm,” the announcement reads.

The process includes a toolkit that offers numerous innovations for developers, such as mixed validator committee, consensus model flexibility, SPO participation, opt-out capability, and more.

At the core of the initiative is “a unique committee selection algorithm” that uses Cardano data to create trusted committees. These innovations are responsible for generating a specified percentage of blocks, thereby improving security for new protocols.

The Input Output team added that the alpha v1 release is just the beginning of a long journey aimed at receiving feedback from the community.

“Stay tuned for some exciting new developments over the coming months, along with a detailed roadmap,” the team concluded.

@ Newshounds News™

Read more:  CryptoPotato

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Insiders Sell Billions In Stocks | David Morgan

Insiders Sell Billions In Stocks | David Morgan

Liberty and Finance:  8-3-2024

David Morgan expresses concerns about the stock market, noting that insiders like Warren Buffett and Jeff Bezos are selling stocks, potentially indicating a peak.

He suggests investors may want to consider reducing their stock market exposure. In the metals market, Morgan observes that gold and silver face challenges breaking past certain price points, anticipating more downward pressure due to seasonal trends but expecting a stronger performance in late 2024 and into 2025.

 Morgan also highlights the impact of economic conditions on crime rates, using In-N-Out Burger's closure in Oakland due to safety concerns as an example.

He suggests that rising crime rates reflect deteriorating economic conditions, especially in states like California. Additionally, Morgan discusses the potential impact of geopolitical conflicts on silver demand, emphasizing military and technological needs could consume the supply.

He also advocates for maintaining a constitutional republic in the U.S., arguing that preserving founding principles is crucial to prevent societal collapse.

INTERVIEW TIMELINE:

0:00 Intro

1:20 Gold & silver update

4:55 Recession ahead

 9:00 Gold vs stock market

12:00 Silver & geopolitical conflicts

13:48 Industrial demand for silver

17:17 $50 Silver?

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

RV/GCR Currency Exchanges in the QFS: Awake-In-3D Podcast

RV/GCR Currency Exchanges in the QFS

On August 1, 2024  By Awake-In-3D

If you’ve ever wondered about currency exchanges in the QFS and how it could work, this episode is for you.

In this episode of the “Endgame GCR” Podcast, hosts Awake-In-3D and Marie G. discuss currency exchanges, gold currency revaluations and how it all could work in the QFS (Quantum Financial System ).

The conversation builds on previous podcast episodes, offering listeners a deeper understanding of how the Global Currency Reset (GCR) and related technologies might unfold in practical terms.

We present several, real-world scenarios in simple, easy to understand examples.

IN THIS EPISODE:

• GCR Gold, Digital Currencies, and the QFS

• Dispelling QFS myths and sharing concrete, real-world developments

• Explanation of FinTech (Finance Technology)

• Importance of gold in backing in the QFS

• The QFS alternative to the current fiat currency system

• Clarifying misconceptions about QFS and quantum computing

• QFS as a decentralized ledger system

• Sovereign Digital Currencies vs. Central Bank Digital Currencies (CBDCs)

• How exchanges and redemptions could work in the QFS

• Bypassing traditional banks with security and transparency of the QFS

• Example scenarios of using QFS Gold-backed Units for currency exchanges and spending RV/GCR funds in local currency

• Valuation and backing of QFS Gold-backed Units by gold

• Role of off-ledger gold in the GCR alternative currency system

• Potential value appreciation of QFS Gold-backed Units

• Digital and tokenized ownership transfers

• Simplified, fee-free transactions without middlemen

• Future implications for traditional banking and loans

© 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

Podcast now available on the GCR Real-Time News YouTube Channel

https://youtu.be/7WuS6bmF48E

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-4-24

Good Morning Dinar Recaps,

OpenEden Introduces Tokenized US Treasury Bills onto the XRP Ledger

"Tokenization platform OpenEden has announced that it will bring tokenized US Treasury bills (T-bills), a short-term US government debt obligation backed by the US Department of the Treasury, to the XRP Ledger (XRPL) and its users for the first time."

"The tokenization of T-bills onto the XRPL is a demonstration of how institutional access to decentralized finance (DeFi) is being driven by the tokenization of traditional real-world assets (RWAs).

The assets backing OpenEden’s TBILL tokens are invested in short-dated US T-bills and reverse repurchase agreements collateralized by US Treasuries. Minters are subject to stringent KYC and AML screening to ensure the highest security and regulatory compliance standards."

"Ripple, the leader in enterprise blockchain and crypto solutions, will also allocate USD$10 million into OpenEden’s TBILL tokens. This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers."

"OpenEden’s tokenized US Treasury bills represent another exciting example of how all types of real-world assets are being tokenized to drive utility and new opportunities," said Markus Infanger, Senior Vice President, RippleX.

"Institutions are increasingly looking at where to tokenize their real-world assets and the arrival of T-bills on the XRPL powered by OpenEden reinforces the decentralized Layer 1 blockchain as one of the leading blockchains for real-world asset tokenization.”

"Bringing tokenized T-bills to the XRP Ledger is the next step in our exciting journey. Purchasers will be able to mint our TBILL tokens via STABLECOINS, including Ripple USD when it launches later this year.”

"Ripple also recently announced its work with Archax, the UK’s first Financial Conduct Authority regulated digital asset exchange, broker and custodian, that plans to bring hundreds of millions of dollars of tokenized real world assets (RWAs) onto the XRPL over the coming year."

@ Newshounds News™

Read more:  Ripple

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Earn 4.97%* U.S. Treasury yields on-chain

"The only tokenized U.S. Treasury product with an “A” rating from Moody’s."

Moody’s Credit Rating
OpenEden’s TBILL is the first and only tokenized product to receive an “investment grade” rating by Moody’s.

"Gain exposure to U.S. Treasuries without the constraints of U.S. trading hours. TBILL token holders enjoy 24/7 minting & redemption, thanks to smart contracts. DeFi projects can build on TBILL's ERC-20 tokens."

TBILL tokens are audited, transparent, and verifiable
"Like you, we live by “don’t trust, verify”. Which is why we launched the market’s first proof-of-reserves that combines off-chain and on-chain auditability. Here is how we open the books."

@ Newshounds News™

Read more:  Open Eden

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The OpenEden TBILL tokens are ETHEREUM-BASED ERC-20 standards that are TRANSFERABLE between different blockchain wallets.

"Former senior officials at the Gemini crypto exchange announced that OpenEden, a decentralized finance (DeFi) platform, had launched the first smart contract vault to offer access to US Treasury Bills (T-Bills). According to the announcement, OpenEden will enable stablecoins holders to mint Treasury Bills (T-BILL) tokens through the OpenEden T-BILL Vaul. "

"According to OpenEden, the TBILL tokens are Ethereum-based ERC-20 standards that are transferable between different blockchain wallets."

"There is around $130 billion worth of stablecoins sitting on the sidelines and not generating any meaningful yield. As DeFi yields continue to lag further behind traditional financial asset yields, there is a growing demand for institutional-grade DeFi products that offer low-risk, liquid, and transparent returns to stablecoin holders.”

"By tokenizing real-world assets, OpenEden hopes to open up the blockchain industry to a $300 trillion market that is yet to be tapped on a global scale. Moreover, the cryptocurrency market is about $1 trillion despite being in existence for the past 14 years."

@ Newshounds News™

Read more:  Coin Speaker

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Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Sunday Morning 8-4-2024

TNT:

Tishwash:  US Treasury Takes Control of Iraq's Central Bank to Combat Money Laundering

 Three informed sources close to the political and parliamentary decision-making process in Baghdad revealed extremely dangerous information confirming that the US Treasury Department has taken a permanent headquarters in the Central Bank of Iraq building.

They considered that this step came as a result of the great pressures on the Iraqi banking system with the aim of limiting money laundering and dollar smuggling, as the governor of the Central Bank was forced to allocate an entire floor for US Treasury departments to monitor money transfers and prevent any illegal activities.

The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq's commitment to international standards for combating money laundering and terrorist financing.

he sources stressed that the Iraqi banking sector is suffering from increasing pressures exerted by the US Treasury to prevent the smuggling of dollars to countries such as Iran, Russia and Syria, which are facing economic sanctions.

One of the sources explained that the governor of the Central Bank of Iraq tried to resist these restrictions, but the American response was strict, as the Central Bank of Iraq was included among the institutions considered to support money laundering operations and failure to comply with sanctions.

In previous reports, the US Treasury imposed severe sanctions on several Iraqi banks, on charges of involvement in money laundering and dollar smuggling. The policy of the Central Bank of Iraq is characterized by randomness and the absence of a clear strategic plan to protect Iraq's money from smuggling, which prompted the US Treasury to impose strict and direct control over the Central Bank and Iraqi banks.

Iraqi banks are currently undergoing a rigorous evaluation process under the supervision of the US Treasury Department, which includes monitoring all banking operations and money transfers. This situation reflects the great challenges facing the Iraqi banking system in light of the ongoing efforts to reform it and improve its image before the international community.

On the other hand, Prime Minister Mohammed Shia al-Sudani has repeatedly sought to ease these measures, trying to reach understandings with the American side. But there is strong resistance from Washington, which insists on correcting the course of the economic process and reforming the banking system in Iraq. Al-Sudani finds himself in a difficult position, as he must balance internal pressures and international demands.

In a broader context, the current situation reflects the complexity of the relationship between Iraq and the United States in the financial and banking sphere. While Iraq seeks to preserve its sovereignty and the independence of its banking system, the United States continues to exert pressure to ensure that the Iraqi banking system is not used to finance illicit activities. link

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Tishwash:  Legal violations” in the work of the Central Bank prompt demands to replace its governor, Ali Al-Alaq

 Today, Saturday, the economic expert, Abbas Al-Bassel, stressed the necessity of replacing the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, in light of the violations committed by the Central Bank against the constitution and the law.

Al-Basel told Al-Jarida, “When Al-Alaq was brought in, the work of the corrupt whales among the politicians became active, as they invested in dollars and the private sector was terminated, while the Central Bank imposed unnatural complications by launching a campaign against simple shops and kiosks in the markets of Shorja and Karrada, and preventing the sale of electrical and food supplies and even clothing in dollars, and taking pledges from shop owners to prevent dealing in dollars, and punishing them in the event of a violation, in procedures that have no legal ceiling or a judge’s decision, so the Central Bank violated the constitution and the law.”

Al-Bassel added, "The dollar is currently on the rise, at a time when there is no official announcement by the Central Bank about the volume of remittances leaving the country, so Ali Al-Alaq must be replaced with a professional, non-partisan figure."  link

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Tishwash:  Al-Fath: Foreign banks in Iraq do not have cash value

Today, Saturday, member of the Al-Fatah Alliance, Mahmoud Al-Hayani, revealed the presence of large corruption files within the Iraqi banking business and the involvement of major figures, while confirming that foreign banks in Iraq do not have monetary value that benefits Iraq. 

Al-Hayani said in a statement to the Maalouma Agency, “Foreign and Jordanian banks in particular do not have through which they can supply the Iraqi market funds with the monetary mass, and their presence inside Iraq does more harm than good,” noting that “The Central Bank of Iraq was unable to find solutions and did not rise to the level.” "Required". 

He continued, "The reason for the entry of foreign banks into the country is due to American dictates exercised on the Central Bank in order to grant them licenses to operate in Iraq according to special privileges," pointing out that, "The Iraqi government needs support from the political forces and concerted efforts in order to distance the banking business from suspicion.” And corruption.”  

The economic expert, Mustafa Akram Hantoush, had confirmed that the measure taken by the Central Bank of Iraq was to grant business licenses to Jordanian banks and operate in the country, indicating that it was the duty of the Central Bank to strengthen Iraqi banks instead of Jordanian ones.  link

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Repeated violations of sovereignty and the presence of the international coalition put Iraqi military leaders before two bitter choices

 Academic Talib Mohammed commented on Wednesday on the repeated violation of national sovereignty with the escalation of demands to end the foreign military presence, especially the American one, in Iraq.

He pointed out that Iraqi military leaders are confused between declaring readiness and bearing the consequences of that, or confirming the need for the international coalition and bearing various charges, which requires strengthening trust between the government, political forces and military leaders in order to reach a decision that they will be held accountable for before the Iraqi people and history.

“The breach of Iraqi national sovereignty has become a common occurrence, considering that the last strike in Babylon came as part of a series of multiple and qualitative strikes in Iraq. Therefore, Iraqi sovereignty is breached through hostile strikes, whether from neighboring countries or the Zionist entity. The Israeli strikes are linked to an Israeli approach to control and change the nature of the region, meaning imposing force and continuing these strikes until a new political path is achieved in the region, and this path is controlled by Israel and America,” Mohammed told Al-Jarida.

He added, "As for the Iraqi military position, after the victory over terrorist organizations, the last of which was ISIS, it sent a message that the military institution is capable of leading itself, but on the condition of completing the logistical and technical matters, military equipment, and security and military liaison with the international coalition."

He continued, “In light of the presence of political blocs that want to end the foreign military presence in Iraq, especially the American one, the decision in this regard should be issued after studying the situation and the social, popular, economic and political reality to give a mature decision that we will not regret in the future, which requires the Iraqi military leaders to study the situation, whether the Iraqi forces are ready and do not need other countries, and if they are capable, they should announce this to the Iraqi public opinion and this issue depends on the Iraqi Council of Representatives.”

“But the Iraqi military leaders are confused about this aspect,” Mohammed added. “If they confirm readiness and do not need the international coalition, a security breach may occur and they may be blamed for confirming readiness. However, if the military leaders say the opposite, that they need the international coalition, they may be exposed to other accusations. Therefore, there is a need to strengthen trust between the government, political forces, and military leaders in order to reach a decision that they will be held accountable for before the Iraqi people and history.”  link

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Mot: ........ Planning Ahead

News, Rumors and Opinions Sunday AM 8-4-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 4 Aug. 2024

Compiled Sun. 4 Aug. 2024 12:01 am EST by Judy Byington,

As The Global Financial Bubble Popped
US Stock Market Collapsing
Banks Closing

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

Global Financial Crisis:

Sat. 3 Aug. 2024: BANKING CRASH – US Stock Market is Currently Collapsing! Dow Jones Industrial Average: The Pillars of a Corrupt System – Bubble, Crash, Steal, Lie, Repeat! – amg-news.com – American Media Group

Sat. 3 Aug. 2024 CBDC: The GM of The Bank of International Settlements (top of the tree of global banking) explains they can’t control the use of cash, but they can control digital currency! CBDCs will give governments total power over citizens if cash is discontinued.

Sat. 3 Aug. 2024 BRICS calls on the Middle East to stop using the US dollar for oil trade.

Sat. 3 Aug. 2024 Are the fiat currency financial system Domino’s ready to fall this coming week?

Warren Buffett has recently sold approximately 50% of his Apple shares, signaling a significant shift in his investment strategy.

Meanwhile, the NASDAQ has entered a correction phase, and the S&P 500 is only 4% away from a similar correction.

In contrast, gold prices have surged to a record high, reflecting growing economic uncertainty.

The U.S. Economy is now officially in a recession according to the Sahm rule, and economic forecasts predict four interest rate cuts in 2024 to combat the downturn.

Market volatility has increased dramatically, doubling in the last three weeks, while inflation remains stubbornly high.

Unemployment rates are also on the rise, adding to the economic woes.

Despite these challenges, billionaires who sold their assets at market peaks are seemingly untroubled.

It’s going to be a turbulent week ahead for the fiat currency financial debt system…. so break out the popcorn! https://x.com/grdecter/status/1819865369885933976?s=46&t=P2Ls81hs8j9RD7M6kNgOvw

Thurs. 1 Aug. 2024:

On Thurs. 1 Aug. the US stock market took a three trillion dollar hit.

In the 21st century the Stock Market has crashed in the years 2000, 2008, 2020 (Dot Com Bubble, Housing Crisis, and Covid Recession) (These were all election years)

War and a global recession is not farfetched. Pray. Keep your eyes peeled. Watch these things, but don’t let it consume you.

Read full post here:  https://dinarchronicles.com/2024/08/04/restored-republic-via-a-gcr-update-as-of-august-4-2024/

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

Militia Man  Everybody's pretty much pumped, pretty much excited because the news that's been coming in is off the charts.  Saleh has been out for the last couple of weeks educating everybody... reiterating why they do what they do...and how they do it.  Economists coming out talking about what they believe the Central Bank of Iraq is dealing with with the Federal Reserve Bank, United States Treasury.  You can see these guys are serious...

MarkZ & Militia Man   [via PDK]  MarkZ: Have you heard anything about Iraq’s ascension into the WTO?  Militia Man:  Iraq is going to need to trade cross-borders. The Iraqi dinar is not yet on the forex with a REER. (Real Effective Exchange Rate) With the Ayuscuda cross border system …I think it’s ready to go.  MarkZ:  I also think it’s ready to go. But how long can they go without a new rate? They have not published the budget tables yet…. I think they are hiding it because the new rate is in it to do all those new projects. 

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ShelbyMac2.0, [From Mike Bara]

Today, a contact went to the bank (Big 4) to buy more currency. He was told by the manager, who acknowledges the RV, not to bother, because he would return to exchange in "two days."

The same contact was also told that "this week" the market would drop "2,000 points."     That's not enough to make an impact. I think he misheard and was told the market would drop TO 2,000 POINTS!! Don't forget, Andy Schectman predicted this in my interview with him two weeks ago. (link below

He said the US markets could drop to the value of Gold, which is around $2,454 an ounce.  

Also hearing the Crowdstrike hackers got access to the crash protection algorithms, and that when the plunge begins, they won't be able to halt trading. This is how it will be portrayed anyway.

https://mikebara.blogspot.com/2024/07/the-new-gold-standard-with-mike-bara.html

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The LAST Layer Of Consumer Confidence Is BREAKING

Lynette Zang:  8-3-2024

In today's video we are discussing consumer sentiment, the massive dip in consumer trust and what that means for the economy and you...

https://www.youtube.com/watch?v=2kAy5nsYA18

“Financial System and Market Crash” News and Views” 8-3-2024

Bank Reserves: The Ghost Of Bad Debt | Rafi Farber

Liberty and Finance:  8-2-2024

For more than a decade, the Federal Reserve has effectively been propping up banks by replacing their toxic debt with new currency. According to Rafi Farber these bank reserves are akin to "the ghost of bad debt."

Farber anticipates an imminent crisis within the banking sector, which he predicts will precipitate a financial calamity surpassing the severity of those seen in 2008 or 2020.

In his analysis, Farber outlines strategies for preparing for this potential financial upheaval. He emphasizes the importance of diversifying investments, safeguarding assets in tangible forms, and staying vigilant about shifts in the financial landscape.

These measures are presented as crucial steps for investors to better position themselves against the expected crisis and minimize potential losses.

INTERVIEW TIMELINE:

 0:00 Intro

1:23 Bank reserves

 6:34 Big banks

 12:10 Impact of banking crisis

https://www.youtube.com/watch?v=_MF0HtDhEt8

‘Armageddon’ Here? Why Markets Are Crashing Right Now | Clem Chambers

David Lin:  8-2-2024

Clem Chambers, CEO of Online Blockchain, discusses the latest jobs report and the market response.

0:00 - Market reaction to jobs report

 5:50 - Yen/USD vs. stocks

7:35 - Will market crash continue?

11:00 - VIX

13:11 - Russell 2000

 14:50 - Market rotation

 18:10 - How to play 'uncertainty'

 19:40 - Rate cut vs. stocks

 27:10 – Bitcoin

https://www.youtube.com/watch?v=D9ntUrJ5VaQ

Ariel: Market Crash

People, Donald Trump has always stated for years that in order for emerging economies in the Middle East to thrive the artificial value of the fiat USD must come down. This is what is suppressing everything. A market crash will help facilitate the much needed reinstatement.

This is why countries around the world are waiting with bated breath for this event. Thus is why Saudi Arabia on June 9th no longer accepted oil contracts to be denominated in fiat USD.

Henry Kissinger was the one who flew over there to make that deal in exchange for military protection and other things.His death was a sign that the regime was coming to an end.

This is why Iraq is setting up their own trade routes to compete with the Suez Canal. Their market will have a robust trade connection to the Asian markets. Israel tried to prevent this at every turn. Which is why ISIS/DAESH was created to cause instability in Iraq.

Because in order for the monetary reforms to work certain conditions had to be met with IMF that required Security & Stability in Baghdad. This is why BRICS Nations must have a national currency in order to join. You guys have to understand how much the fiat USD have caused 3rd world countries who were forced to use it.

I’m getting off topic but you know what I am getting at. We need a market crash in order for Iraq to be able to afford to compete against 1st world countries. Luckily you have IQD where you will be able to participate in the reinstatement.

You already know what this means. I told you the fiat USD has to fall in order for developing economies to prosper. One of them is Iraq.

Ariel

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Trillions Lost: Jobs Bombshell Triggers “Slow Motion Collapse” As US Recession Risk Escalates

Sean Foo:  8-3-2024

The US stock meltdown just got worse with over $3 trillion dollars destroyed. Investors are losing steam and the fundamentals of the US economy is cracking.

 The recent jobs report, massive layoffs and unemployment data just smashed the soft-landing narrative. We are in for a slow-motion collapse.

Timestamps & Chapters:

0:00 Stocks $3 Trillion Sell-Off

2:39 Jobs Shock & Massive Layoffs

5:43 Fed Rate Cut Nightmare

8:54 Big Market Collapse Risk

 12:03 The Risk Is Global

https://www.youtube.com/watch?v=mcV3Pkbfuf4

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-3-24

Good Afternoon Dinar Recaps,

WHAT IS THE STRATEGIC BITCOIN RESERVE?

"THE BITCOIN ACT of 2024, introduced by Senator Cynthia Lummis of Wyoming, seeks to firmly establish Bitcoin as a strategic asset in the United States’ financial arsenal. At its core, the Act proposes the creation of a Strategic Bitcoin Reserve (SBR) and a structured Bitcoin Purchase Program, and comprehensive national custody policy."

The Strategic Bitcoin Reserve (SBR)
"The establishment of the SBR signifies a paradigm shift in how the United States government manages and custodies Bitcoin at the Federal level. The SBR creates a decentralized network of secure Bitcoin storage facilities across the United States."

Bitcoin Purchase Program
"The Act lays out a plan to acquire up to 1,000,000 Bitcoins over a five-year period, capping purchases at 200,000 Bitcoins annually, and then holding such reserves for twenty years. Furthermore, the Act places limits on the use and sale of the reserve following the holding period.

 During the minimum holding period, no Bitcoin held by the Federal government in the SBR may be sold, swapped, auctioned, encumbered, or otherwise disposed of for any purpose other than retiring outstanding Federal debt instruments."

RE-READ THAT LAST STATEMENT- " or otherwise disposed of for any purpose other than retiring outstanding Federal debt instruments."

"It first proposes an amendment to the Federal Reserve Act to reallocate discretionary surplus funds from the Federal Reserve Banks. This reduces the discretionary surplus funds from $6.825 billion to $2.4 billion. The Federal Reserve is then required to remit net earnings to the Treasury, and the Act redirects the first $6 billion towards purchasing Bitcoin."

"Furthermore, the Act also involves an adjustment in the valuation of gold certificates held by the Federal Reserve. Currently, the Federal Reserve holds gold certificates which are marked at $42.22/oz, while the market price of gold is closer to $2,400 today.

Essentially, this forces the Federal Reserve to mark-to-market the gold certificates, then remit the gain on the gold to the Treasury for the purpose of funding the initial acquisition."

COULD THIS BE THE REVALUATION OF GOLD THAT WE HAVE BEEN LOOKING FOR?
REPRICING THE GOLD CERTIFICATES HELD BY THE US TREASURY AT THE NEW PRICE OF $2400/OZ

State Participation
The Act contemplates accepting State-level Bitcoin holdings into the national framework through voluntary participation. This aspect allows individual states to store their Bitcoin holdings within the SBR in segregated accounts.

By offering this option, the Federal government allows (but does not require) States to add Bitcoin to their own treasuries, without having to reinvent and reimplement a robust security plan.

States participating in the program maintain exclusive and segregated title to their Bitcoin, and the right to withdraw or transfer their Bitcoin holdings from the SBR, subject to the terms of their contractual agreement and any applicable Federal regulations, but are not subject to the Federal restrictions otherwise applicable to the SBR.

This flexibility ensures that States can manage their Bitcoin treasuries in accordance with their specific financial strategies and needs.

Implications & Next Steps
"By tapping into existing financial resources and leveraging the economic value of gold, the BITCOIN Act aims to acquire Bitcoin without directly burdening taxpayers or increasing federal debt. This multifaceted approach underscores the innovative financial strategies the Act employs to integrate Bitcoin into the national reserve system, setting the stage for a comprehensive Bitcoin policy throughout all levels of the United States government."

@ Newshounds News™

Read more:  Bitcoin Magazine

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Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization

The central bank of the United Kingdom is proposing experimenting with a wholesale central bank digital currency (wCBDC) as it seeks to update its Real-Time Gross Settlement (RTGS) system.

Bank of England (BoE) announced the move in a discussion paper, titled “The Bank of England’s Approach to Innovation in Money and Payments.” 

Under this, the BoE promised to undertake a series of experiments within the next six months to examine wCBDC settlement compared to the “synchronization” of non-CBDC central bank money using the existing RTGS system.

RTGS is a fund transfer system that allows for the instantaneous transfer of money and/or securities between banks.  In the U.K., the RTGS system is called the Clearing House Automated Payment System (CHAPS). It’s operated by the BoE and used for high-value transactions.

The BoE has been consulting on an update to CHAPS since 2022. In February 2023, in its Roadmap for the Real-Time Gross Settlement Service Beyond 2024, the bank proposed “synchronization” as a possible solution to updating its RTGS system, which suffered a well-publicized crash earlier in July.

“We proposed to create a generic interface into RTGS which would allow a wider range of ledgers to connect to RTGS to synchronize transactions. Synchronization enables ‘atomic settlement’, which means linking the transfer of two assets in a way that one asset moves if and only if the other asset moves,” said the roadmap.

Wholesale CBDCs—digital versions of a country’s currency used by banks and financial institutions for large-scale transactions and settlements—offer another alternative to the current RTGS system, with 19 countries already piloting one.

Both synchronization and wCBDC depend on distributed ledger technology (DLT), a system that records transactions across multiple computers or locations.

In its July 30 discussion paper, the BoE argued that “further work is required to consider the respective roles these innovations might play in the Bank’s future toolkit. To inform this work, the Bank proposes a program of experiments to test the use cases, functionalities and prospective designs of both wCBDC and synchronization, and their relative merits.”

It added that these experiments would ideally assess the relative operational risk and complexity involved in using the two technologies and how different types of financial assets can best be represented on a digital ledger.

“This would help identify important ledger design considerations and inform later workaround interoperability,” said the discussion paper. “The experiments should also allow us to assess the scalability of the different approaches.”

In terms of its ultimate goal, the BoE set out three main outcomes it hopes to achieve from the experiments:

1.  Central bank money must keep pace with technological advances in financial markets and must be equipped with the functionality to support central bank money settlement of tokenized wholesale transactions;

2. Innovations in financial markets must be harnessed in a way that supports financial stability and monetary policy objectives. “If tokenization increases the efficiency and speed of post-trade processes, this could release liquidity and reduce settlement risk and cost in wholesale financial markets,” said the BoE;

3. The U.K.’s financial market infrastructure must remain at the forefront of developments in finance, including maintaining an appropriate level of interoperability with new DLT-based infrastructure.

@ Newshounds News™

Read more:  Coin Geek

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2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.

Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support Senator Cynthia Lummis’s newly proposed Strategic Bitcoin Reserve bill.

In a post on X, Lummis expressed gratitude for the support given to the Strategic Bitcoin Reserve bill.

Lummis, a prominent advocate for the crypto industry, introduced the Bitcoin Strategic Reserve bill on July 31. The bill aims to establish a national reserve of Bitcoin and position the US as a leader in the adoption and secure management of the world’s first cryptocurrency.

The proposed legislation would direct the US government to create a decentralized network of secure Bitcoin vaults managed by the US Treasury, ensuring strict cyber and physical security measures.

@ Newshounds News™

Read more:  Coin Telegraph

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Peru inaugurates first CBDC pilot

Peru’s central bank has launched its first central bank digital currency (CBDC) pilot, selecting local telecom operator Viettel Peru as its partner.

The Central Reserve Bank of Peru announced the partnership recently but didn’t disclose any details about the pilot. Viettel is the local subsidiary of Vietnam’s state-owned multinational telecom operator Viettel Group, which started operating in Peru in 2014.

For Peru, a digital sol is the country’s attempt to digitize payments to enhance efficiency and cut costs. The government is also seeking to boost financial inclusion; according to the latest studies conducted two years ago, only half of Peruvians had access to formal financial accounts.

While this was a significant growth from 2014, when the World Bank revealed that only two in ten Peruvians were banked, it’s still relatively low for a country with a $242 billion gross domestic product (GDP). In stark contrast, 85% of neighboring Chile’s population is banked.

With close to half its population unbanked, Peru is heavily reliant on cash. According to the International Monetary Fund (IMF), high costs and insufficient digital infrastructure remain vital impediments.

IMF believes that a CBDC could eliminate many of the barriers to digital payments. However, the Latin American country would have to make some critical considerations, such as offering the digital solution via USSD, as a large portion of the population doesn’t own a smartphone.

It would also need to dissociate CBDC from the banking system, as the people who need it most don’t have bank accounts. In most countries, the CBDC wallet is linked to a bank account, allowing convenience, as customers can switch between the two easily. This allows the regulators to impose a holding cap—once a customer hits this threshold, the rest is converted to conventional bank deposits.

@ Newshounds News™

Read more:  Coin Geek

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Sahm Recession Rule Trigger Alert 🚨

The Sahm Rule that is designed to signal the start of a recession has officially been triggered.  Since 1953, the Sahm Rule has NEVER been wrong!

@ Newshounds News™

Read more:  Twitter

~~~~~~~~~

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“Tidbits From TNT” Saturday 8-3-2024

TNT:

Tishwash:  Prime Minister announces launch of five-year national development plan (2024-2028)

Prime Minister Mohammed Shia Al-Sudani announced today, Saturday, the launch of the five-year national development plan (2024-2028).

A statement by the Prime Minister's Media Office received by the Iraqi News Agency (INA) stated that "Prime Minister Mohammed Shia Al-Sudani announced the launch of the five-year national development plan (2024-2028)  link

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Tishwash:  An economist likely to ease the sanctions imposed on Iraqi banks

 Today, Friday, economic affairs researcher Safwan Qusay suggested easing the sanctions imposed on Iraqi banks and making them financial only.

Qusay told Al Mada, “The Central Bank has contracted with an international company (K2) for the purpose of auditing banks that have restricted access to the dollar in previous periods, so that these banks can learn how to comply with international requirements.”

He added, "Everyone is keen on the process of stopping the use of Iraqi banks for the purpose of money laundering. The private Iraqi banks are not the owners of corrupt money, but rather there are those who acquire the Iraqi dinar illegally and are trying to use the banks for the purpose of money laundering and smuggling hard currency."

Qusay continued, “As for the restricted banks, they will be rehabilitated through merger, mitigation of these penalties, or making them financial penalties during the coming periods.”  link

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Tishwash:  Parliamentarian explains: What is the relationship between the operating budget and hosting the new governors?

 Member of Parliament, Mohammed Al-Baldawi, said on Thursday that delaying the release of operational budgets was likely the reason for postponing hosting the new governors.

Member of the Parliamentary Planning Committee, Muhammad Al-Baldawi, said: “Hosting the new governors will not take place in the near future, as the absence of an operating budget prevents us from judging their performance,” indicating that “the operating budget has not yet been launched, which makes it difficult to evaluate the performance of the governors based on the projects that have been completed.”

And works.

Al-Baldawi explained that “the work of the Kirkuk and Diyala governorates is being disrupted due to the failure to resolve the issue of the council president in them, and until now the government has not received an evaluation of the governors’ performance,” noting that “there are ongoing problems in the Baghdad governorate and other governorates whose governments have not yet stabilized.”  link

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Tishwash:  Reuters: Iraq still accounts for the largest part of OPEC's excess production

OPEC oil output rose in July on a rebound in Saudi supplies and small increases elsewhere, a Reuters survey showed on Friday, offsetting the impact of ongoing voluntary supply cuts from other members and the wider OPEC+ alliance.

The survey, based on shipping data and information from oil industry sources, showed that OPEC pumped 26.70 million barrels per day last month, up 100,000 bpd from June.

The increase comes despite the OPEC+ alliance, which includes OPEC and allies including Russia, maintaining most production cuts until the end of 2025 to support the market in the face of tepid demand growth, rising interest rates and increased US production.

A meeting of senior OPEC+ ministers on Thursday left oil production policy unchanged, including a plan to start unwinding a tranche of output cuts from October.

The ministers stressed that this increase could be temporarily halted or reversed if necessary.

The survey found that Saudi Arabia provided the biggest boost to supplies last month, by 70,000 barrels per day, as exports rebounded from June when they were lower than expected. Output reached 9 million barrels per day in July, close to the kingdom’s target.

The survey showed that Nigeria recorded the largest decline of 30,000 barrels per day, with exports declining on a monthly basis.

Libya and Iran, two members not required to cut output, along with Iraq, recorded slight increases. The survey found that Iran’s output reached 3.22 million barrels per day, the highest since 2018, according to Reuters surveys.

Iran has boosted its exports in recent years despite continued U.S. sanctions. Iraq’s output has risen as exports have increased month-on-month, oil flow data and a tanker-tracking source showed.

The survey also said that OPEC exceeded the target assumed for the nine countries covered by the supply reduction agreements by about 240 thousand barrels per day, and that Iraq still represents the largest part of the excess production.

The Reuters survey aims to track supply to the market and is based on shipping data provided by external sources, flows data from the London Stock Exchange Group, information from firms that track flows, such as Petro-Logistics and Kpler, and information provided by sources at oil companies, OPEC and consultants.  link

 ************

Mot: ... I'm so old 

Mot: Yahoooooooooooooo!!! -- This is It!!!  Weekend

Seeds of Wisdom RV and Economic Updates Saturday Morning 8-3-24

Good Morning Dinar Recaps,

US REJECTS VIETNAM'S Request to Lift ‘Non-Market Economy’ Tag

THE QUESTION REMAINS HOW WILL THIS NEWS AFFECT THE VALUE OF THE VIETNAMESE DONG

" The Biden administration rejected Vietnam’s request to be classified officially as a “market economy,” a setback for the country’s efforts to boost exports to its most important market."

"The trade-dependent Southeast Asian economy has pressed the administration to revise the status since the upgrade in diplomatic ties during a visit by President Joe Biden to Vietnam in September last year."

"The “non-market” economy label mainly works against Vietnam when the US applies anti-dumping complaints. A change would have been a signal of closer ties at a time when the US is seeking to bolster relationships in the region as a counterweight to China. "

"Vietnam, which has signed numerous free trade agreements, is making greater access to the US market a priority. Its total trade — exports and imports — is equivalent to about twice the size of its economy."

@ Newshounds News™

Read more:  MSN

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Bitcoin: El Salvador makes CRYPTOCURRENCY LEGAL TENDER

"Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency, with 62 out of 84 possible votes on Tuesday night.
The president said the government had made history, and that the move would make it easier for Salvadoreans living abroad to send money home.
Bitcoin will become legal tender, alongside the US dollar, in 90 days.

The new law means every business must accept Bitcoin as legal tender for goods or services, unless it is unable to provide the technology needed to do the transaction."

""It will bring financial inclusion, investment, tourism, innovation and economic development for our country," President Bukele said in a tweet shortly before the vote.
He has previously said the move will open up financial services to the 70% of Salvadoreans who do not have bank accounts."

NOTE: THIS ARTICLE IS FROM 2021. BITCOIN IS BEING USED AROUND THE WORLD TO BRIDGE THE GAP WHERE LOCAL CURRENCIES ARE SEVERELY DEPRESSED

@ Newshounds News™

Read more:  BBC

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Indonesia preps second stage of wholesale CBDC trials

Today Bank Indonesia published its Indonesian Payment System Blueprint (BSPI) 2030. One of the five major initiatives is its central bank digital currency (CBDC) work, THE DIGITAL RUPIAH.

It previously announced three stages of its proof of concept CBDC work. The first is the basic issuance and redemption of a wholesale CBDC (wCBDC) using DLT, which was completed during the first half of 2024. Secondly, it plans to explore the integration of a wCBDC with a digital securities ledger. Thirdly, it will use the wCBDC as a foundation for a retail CBDC.

While today’s paper provides an update, and reiterates the three phases first outlined in 2022, there is a subtle change in emphasis towards the wCBDC. For example, now the third phase following the wCBDC digital securities work will focus on wCBDC for cross border payments.

Notably, Bank Indonesia is an observer on the mBridge cross border CBDC initiative that uses wCBDC. mBridge recently entered the minimum viable product (MVP) phase with its initial participants, including the BIS Innovation Hub and the central banks of China, Hong Kong, Thailand and the UAE. Saudi Arabia recently joined and there are at least 22 observer banks.

@ Newshounds News™

Read more:  Ledger Insights

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The Philippines chooses Venom for a groundbreaking national blockchain initiative

Manilla, Philippines, 1 August, Chainwire – Venom Foundation is proud to announce a historic agreement with the government of the Republic of the Philippines to digitize billions of accountable forms using its advanced blockchain technology.

Landmark opportunity and global significance

This initiative represents a pivotal milestone for Venom and the broader crypto industry. In what could end up as the world’s largest blockchain use case, this project underscores Venom’s leadership and innovation in the blockchain space.

By betting on Venom, the Philippine government demonstrates unprecedented trust and confidence in blockchain as a secure, scalable, and efficient solution for national-level operations. 

This move is poised to revolutionize the way governments and large institutions handle data, transactions, and record-keeping, setting a new standard for transparency and efficiency. 

This breakthrough project not only elevates Venom's standing but also sets the stage for other governments and sovereign nations to adopt the same kind of forward-thinking.

Project scope and impact

The Philippines is making a significant leap forward by launching an ambitious project to use Venom technology to digitize approximately ten billion accountable forms such as but not limited to invoices or receipts, cash tickets, documentary stamps, and special bank receipts, individually identified, accounted for, and afforded appropriate security. 

This initiative marks a new phase in the country's digitalization journey and promises to revolutionize financial operations.

The project is expected to significantly enhance transparency, reduce costs, and improve the efficiency and security of financial transactions across the nation. With a population of approximately 115 million, the impact of this digitization effort will be far-reaching, touching every aspect of daily life and commerce in the Philippines.

@ Newshounds News™

Read more:  Coin Telegraph

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Russia approves law on legalizing cryptocurrency mining

Requirements for the activities of individuals and legal entities mining digital currency, including participants in mining pools, as well as for individuals organizing their activities, will be established by the Russian Government in coordination with the Bank of Russia

Only Russian legal entities and individual entrepreneurs included in a register will have the right to mine. Individuals who do not exceed the energy consumption limits set by the Russian government will have the right to mine digital currency without being included in the register.
  

@ Newshounds News™

Read more:  TASS

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WHO SETS THE RATES? Common questions about CURRENCY EXCHANGE RATES

"Who's in charge of setting currency exchange rates? If you've ever sent money overseas or checked the rates, this is a question that may have definitely crossed your mind. Who decides what is the value of money, and why do rates fluctuate that much during the day?"

"Every country in the world has its own currency, and each of these currencies is valued differently. When you exchange one currency for another, you're actually buying money, just in a different currency than the one used in your country."

"The exchange rate tells you how much the currency used in your country is worth in foreign currency. The rates CONSTANTLY CHANGE for some countries, whereas others use FIXED exchange rates.

 As a rule of thumb, a country's social and economic outlook is the main factor that influences the currency exchange rate."

"Most countries have variable currency exchange rates, which are determined by the foreign exchange market. Because these rates are flexible, they fluctuate every minute, often influenced by market movements, political events, economic forecasts, and more."

"Countries such as the U.S., the United Kingdom, Canada, Japan, and Mexico all use flexible exchange rates. It's important to note that even though government policies can influence currency exchange rates, the government can't actually regulate them. The rates are always determined by Forex traders on the foreign exchange market."

"Several countries use FIXED CURRENCY RATES, and that is because the government dictates when the rates change. This is the case for the Saudi Arabian RIYAL, for example. The fixed rates are pegged to the U.S. dollar, and the central bank in the countries that use this system holds U.S. dollars to keep the rate fixed. "

"The market forces of supply and demand are the main factors that determine currency exchange rates. The level of demand for a currency determines its value in relationship with other currencies. "

@ Newshounds News™

Read more:  Xe

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North Carolina lower chamber overturns governor’s veto of CBDC ban

The bill received strong support in the General Assembly. Now, the state Senate will consider overturning the veto.

There is still hope for the bill passed by the North Carolina General Assembly banning the American state from testing or accepting a United States central bank digital currency (CBDC) after the state House of Representatives overturned the governor’s veto. If the state Senate follows suit, the bill will go into force.

The bill passed both chambers of the state legislature in overwhelming bipartisan votes on June 26. The state’s General Assembly is dominated by the Republican party, which has shown strong opposition on the state and national levels to the introduction of a US CBDC. The veto override has already been passed to the Senate Committee on Rules.

More support for the ban than the override
Democratic Governor Roy Cooper vetoed the bill on July 5. Only two Democratic lawmakers voted in favor of overturning the veto, while 40 reversed their stance in the passage of the bill.

@ Newshounds News™

Read more:  Coin Telegraph

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US Senator Officially Introduces BITCOIN Act to Establish Strategic BTC Reserve

"U.S. Senator Cynthia Lummis has officially introduced the BITCOIN Act in the Senate, aiming to establish a strategic bitcoin reserve as an additional store of value to strengthen America’s balance sheet. The initiative seeks to position the U.S. as a leader in financial innovation by proposing the purchase of 1 million bitcoins and ensuring robust security measures."

"U.S. Senator Cynthia Lummis (R-WY) announced on Wednesday that she has OFFICIALLY INTRODUCED the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate. She unveiled the bill at the recent Bitcoin Conference in Nashville, Tennessee."

"Describing her bill as a “historic proposal to supercharge the U.S. dollar and pay down the national debt by establishing a strategic bitcoin reserve,” Senator Lummis stated:"

"“This is our Louisiana Purchase moment that will help us reach the next financial frontier,” the lawmaker opined.

"Lummis’ BITCOIN Act aims to secure America’s financial future by incorporating bitcoin into the national balance sheet. It proposes the creation of “a decentralized network of secure bitcoin vaults operated by the United States Department of Treasury with statutory requirements ensuring the highest level of physical and cybersecurity for the nation’s bitcoin holdings,” the lawmaker described."

"This legislation will oversee the implementation of “a 1-million-unit bitcoin purchase program over a set period of time to acquire a total stake of approximately 5% of total bitcoin supply, mirroring the size and scope of gold reserves held by the United States,” Lummis noted.

The plan will be funded by reallocating resources within the Federal Reserve System and the Treasury Department, ensuring robust cybersecurity and physical security measures.

The act also upholds the self-custody rights of private bitcoin holders, with Senator Lummis emphasizing that the reserve will not compromise individual financial freedoms."

@ Newshounds News™

Read more:  Bitcoin

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Number of Banks in the U.S. – How Many Are There?

"There are currently 4,844 insured commercial banks, according to the Federal Deposit Insurance Corporation (FDIC)."

"The FDIC’s count does not include credit unions. The National Credit Union Administration insures credit unions and tracks them separately. It also doesn’t include fintech apps that aren’t chartered as banks or directly insured by the FDIC. However, fintech apps that accept fiat money deposits (old-fashioned U.S. dollars rather than cryptocurrencies) generally partner with banks that have national charters and FDIC insurance."

"Since the 1980s, the Number of Banks in the U.S. Has Declined"

"The FDIC began counting the number of commercial banks in 1934. That year, 14,146 commercial banks were operating in the United States. That number didn’t change much for the next 50 years. After a low of 13,114 in 1959, the U.S. commercial bank count climbed to an all-time high of 14,469 in 1983.

 The following year, the FDIC began tracking the number of savings banks. The inaugural count was 3,550, for a total of 17,810 commercial and savings banks in the United States."

"The U.S. population nearly doubled from 1934 to 1984, so while the number of U.S. banks per capita declined during this period, the industry appeared more or less stable. In other words, new banks formed about as quickly as old ones failed or merged."

"Then, in the mid-1980s, something changed."

"The number of active banks in the U.S. dropped by nearly 6,000 in just 10 years, from 17,754 in 1986 to 11,929 in 1995. This drop coincided with the savings and loan crisis of the late 1980s when thousands of smaller banks went belly-up as real estate prices and mortgage origination activity declined."

"Three factors explain the decline in the number of banks operating in the U.S.: bank failures, bank mergers, and the lack of new banking charters."

@ Newshounds News™

Read more:  Money Crashers

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

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Q & A Classroom Link  

Follow the Roadmap

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Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Saturday AM 8-3-2024

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 Sat. 3 Aug. 2024

Compiled Sat. 3 Aug. 2024 12:01 am EST by Judy Byington

On Fri. 2 Aug. 2024

All Financial Markets Were Crashing

US Officially Declared To Be In A Recession

(Possible) Worldwide EBS Activation and Internet Down on Tues. 6 Aug. 2024.

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Global Currency Reset: (Rumors/Opinions)

Fri. 2 Aug 2024 Wolverine, Charlie Ward: “I’ve had multiple confirmations everything in Israel, Iran & Venezuela is already done & settled. Now @charliewardshow confirms it too. …the RV has started in general. We are going to have a beautiful week. Get ready. Any day I’ll get that call and then you won’t hear from me anymore. ”

Fri. 2 Aug. 2024 Banker: “Well folks never have suggested dates or rates but I am really looking forward to this weekend.  GOD Bless everyone.”

Fri. 2 Aug. 2024 TNT:

On Wed. 31 July they were on High Alert. They are still on High Alert. Someone said between now and Sunday.

The Wealth Managers say up to Tues., but they are scheduled to work this Sunday.

All rates are on screen. Everyone is educated.

The banks have been notified they will be working the weekend.

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Global Financial Crisis:

Fri. 2 Aug. 2024: Nearly $3 trillion has been eliminated from major indices and stocks this morning due to escalating fears of a global recession. This marks the most severe day for stocks since March 16, 2020, amid the height of COVID-19 pandemic concerns. Today’s Unemployment Rate reading of 4.3% has officially triggered the Sahm Rule, indicating that we have already entered a recession.

Fri. 2 Aug. 2024 Dallas Texas: Banks stocks today were taking a pounding, just checked my list of almost 50 banks and they are all down. The BIG RED WAVE IS COMING TODAY. …Ginger’s Liberty Lounge on Telegram

Fri. 2 Aug. 2024 Robert Kiyosaki Predicts Historic Market Crash That Could Massively Drag Down Real Estate Prices | IBTimes UK https://www.ibtimes.co.uk/robert-kiyosaki-predicts-historic-market-crash-that-could-massively-drag-down-real-estate-prices-1725909

Intel shares open down 27% as US stocks fall on jobs data: https://insiderpaper.com/intel-shares-open-down-27-as-us-stocks-fall-on-jobs-data/

Two and Ten Year Treasury Yields Are Diving Straight Down: https://x.com/kathyjones/status/1819352392195838319?s=46&t=KbeHKcWo9iYbqqIySY5EJA

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Fri. 2 Aug. 2024 It’s Happening: Japan’s Financial System Now Facing a No-Win Scenario as Investors Sell-Off $10.6 Billion. Japan is at a breaking point of economic collapse. What will happen next? Here’s the harsh reality facing the nation’s financial system. https://ai3d.blog/its-happening-japans-financial-system-now-facing-a-no-win-scenario-as-investors-sell-off-10-6-billion/

Japan as the Linchpin To Crash The Market:

Yen Carry Trade: Japan has been offering very low interest rates for a long time. Investors borrow money in Japan (Yen) at these low rates and invest it in other countries where they can get higher returns. This is known as the Yen carry trade.

Inflation and Interest Rates: Recently, Japan has been facing inflation, which means the prices of goods and services are going up. To combat inflation, the Bank of Japan (BOJ) might decide to raise interest rates.

Impact on Carry Trade: If the BOJ raises interest rates, it becomes more expensive for investors to borrow money in Japan. This could lead to a situation where investors start selling their investments in other countries to pay back their loans in Japan.

How This Collapses the Market

Short Squeeze: When investors start selling their investments to pay back their loans, it can cause a short squeeze. This means that the value of the Yen starts to rise quickly because there’s a sudden demand for it.

Global Margin Call: The sudden selling of investments can lead to a global margin call. This is like a chain reaction where one investor selling causes others to sell, leading to a widespread sell-off in the markets.

Flight to Safety: In times of market uncertainty, investors often move their money into safer assets like U.S. Treasuries, gold, and the U.S. dollar. This can cause these assets to rise in value while riskier assets like stocks fall.

Economic Impact: The sell-off in the markets can have a ripple effect on the global economy. Companies may struggle to raise capital, consumer confidence may drop, and economic growth could slow down.

SO NET NET:

Japan is the linchpin because its actions can set off a chain reaction in the global financial markets.

If the BOJ raises interest rates to combat inflation, it could lead to a short squeeze in the Yen, causing investors to sell their investments in other countries.

This sell-off could trigger a global margin call, leading to a collapse in the markets as investors rush to safer assets. The economic impact of such a collapse could be significant, affecting companies, consumers, and overall economic growth.

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Fri. 2 Aug. 2024 Market Crash: (These should be considered “Possibilities”)

There will be a liquidity and credit crisis as banks and online payment systems are about to suffer a huge outage in Europe and the United States. There are already talks of a liquidity and credit crisis happening in inner circles. This is big.

Saturday– Banks and online payment systems will suffer an outage in Europe and the United States spreading worldwide. Talks of a Liquidity and credit crisis happening will spread rapidly.

Sunday– Customers will try to get money from banks but will be turned away. Talks of bank runs on twitter and Facebook will be promptly banned. Late-Sunday night Euro-zone banks will suffer a liquidity issue and fail critical margin levels.

Monday 26th – Liquidity crisis contagion will spread to the United States. Financial instruments much like those used by Archegos will blow up across the entire financial sector. Bank of America, JP Morgan, and Goldman Sachs are rumoured to be insolvent along with others. The Super Rich will attempt to pull their money out of the banks only to be denied. Stock market will drop 20% and is closed for the day. Tether and other stable coins will fail causing crypto currencies to crash as they become illiquid. Short-Mid term is that crypto currencies will become worthless.

Tuesday– Eurozone total melt down. Bank deposits are bailed and most people will lose all their money. Social protests erupt. U.S. stock market will drop another 20% before being halted for the day again. Hedge funds will collapse and banks are stuck with meme stock shorts which will be revealed to be in the trillions. Banks fail critical margin levels and the DTCC will be forced to cover the shorts. DTCC insurance policy will fail as the insurers never had money to begin with and the Federal Reserve is stuck with the bag.

Wednesday– Stock market will drop another 20% before getting stopped. Subprime finally hits and housing prices crash by 50% and more. Meme stock, silver, gold, commodity trading is frozen and halted but this will only make the problem worse. Dollar insolvency is all over international news, while silver and gold skyrocket. U.S bonds will be dumped sending interest rates into the stratosphere. Mainstream media will now blare the Great Depression 2.0 and the collapse is here.

Read full post here:  https://dinarchronicles.com/2024/08/03/restored-republic-via-a-gcr-update-as-of-august-3-2024/

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

Jeff   Iraq has to tell you they don't have plans to revalue the currency this year because they're getting closer to the finish line.  They have to show news that suggests they won't be revaluing their currency...

Frank26   Article:   "Alia Nassif: The Central Bank's policy is pushing Iraqi banks towards execution!"  What would the central bank's policy be?  The monetary reform...The Central Bank of Iraq is telling the Iraqi citizens that we are in favor of removing certain banks from our country.  Why?  Because they don't want to go along with a monetary reform because they keep delaying the process of Sudani bringing out the new exchange rate and lower notes.

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Impressive News & Progress for VND, Zimbabwe and Iraq

Edu Matrix:  8-2-2024

Impressive Breaking News for VND Zimbabwe and Iraq - Iraq's New Metro System, VND Increasing in Value Against the USD, and Zimbabwe Pays IMF.

https://www.youtube.com/watch?v=XbJdmJr5EXQ

More News, Rumors and Opinions Friday Afternoon 8-2-2024

Ariel Friday Update:

800 stocks down by 5%? This is a prime indicator that once things pop off with Iran & Israel we will get a market correction like we have never seen.

Then as the WTO stated the world will anticipate Iraq to come to the rescue and bring confidence back to the global trade market by reinstating the Iraqi Dinar and everything from that point will be based on REAL VALUE.

Then this is when you will unprecedented liquidity.

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Mike Bara UPDATE:

Here is the situation as I understand it, Friday morning 8/2/2024.

"They" are still processing German historic bonds. They are finding many fakes. They have a quota to meet for "real" authentic German bonds before they can move onto the Chinese (Dragon) bonds.

"They" (UST) expect that threshold to be reached sometime this weekend. Once "They" move to Dragon bond payouts, that's when the "bondholder" should receive his commission.

That's when we're on, because my understanding is that is the "end" of Tier 3 and Tier 4a. None of this is connected to the revaluation of the Iraqi Dinar, which could still happen anytime.

 UST is said to want that to happen imminently. The Cabal is broke and needs the influx of funds from Tier 4 to continue the war.

 But the reality is the war is all but over. I suggest you think of this terms of World War II. It's late 1944. The Battle of the Bulge (Trump assassination attempt) has just failed. The Germans have been driven back to the Rhine, and it's only a matter of time before Patton gets across and finishes the job.

TNT Tony's 48-hour window has passed. Let's see if he has any new or corroborating information on his call today. That's where we're at. At least as far as I can tell. — Mike

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

Mnt Goat    ...recent articles from Iraq tells us the Iraqi government is taking steps to correct...issues and what needed reforms are still necessary... The nature of the reforms tells us they would have to be already started...Don’t think this is going to be a long, long process but certainly not days, maybe more like months...We must not discount all the reforms already accomplished...the Feds are now stepping in and trying to move the country steps further. Yes, they are shaking it up...So, this is all VERY good news and we should be happy to see it playing out...Everything is going to come together and it will happen suddenly.

Militia Man  Article quote "Imminent opening of the bank's new building"  Imminent opening of the central banks' building.  It's scheduled for the end of this year, which is a few months, or the beginning of next year, which is  still not too far from a few months... Quote "...38 floors with offices, meeting rooms, storage places of fortified money and  gold."  I love that part... Quote "The opening of the central bank building will be accompanied by a very large ceremony..."  It's  going to a pretty big deal...Construction...started in 2018.  It's been almost 6 six years.  

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TNT:

Tishwash:  Iraq Arrests Another Suspect Involved in ‘Heist of the Century’

The Iraqi Integrity Commission has announced the arrest of a suspect linked to the "heist of the century," with gratitude extended to the Kurdistan Region's Ministry of Interior for their assistance in arresting the individual.

Without disclosing the suspect's name, the commission confirmed the arrest of a key figure in the high-profile theft case, praising the collaborative efforts of both the federal government's Interior Ministry and the Kurdistan Regional Government (KRG).

Four additional defendants, already suspended by the High Criminal Court, were part of the former government of Prime Minister Mustafa al-Kadhimi and are implicated in the case.

According to Iraqi officials, the charges against these individuals stem from their involvement in extracting approximately $2.5 billion in cash from the General Tax Authority. This sum, lost between September 2021 and August 2022, represents a significant amount of money in a country that consistently ranks among the world's most corrupt.

The "theft of the century" has been described as the disappearance of $2.5 billion in tax revenue, shedding light on the extent of corruption within Iraq's financial systems.  link

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Jim Willie: How BRICS Are Approaching The Silver Market

Arcadia Economics:  8-1-2024

As the BRICS move forward their efforts to de-dollarize away from US financial infrastructure, where does that leave the silver market?

 Especially in an environment where the industrial demand continues to grow and leave the silver market in a persistent deficit?

Fortunately Dr. Jim Willie checks in to talk about what he's seeing and hearing in the silver market, including speculation of a South American OPEC-like silver cartel.

 It's an interview with Jim Willie that you won't want to miss. So click to watch the video now!

https://www.youtube.com/watch?v=4yumZ1liuhw

WARNING: (Take Action Now). THE MOST DESTRUCTIVE BANKING CRISIS EVER IS NOT FAR OFF.

Greg Mannarino:  8-2-2024

https://www.youtube.com/watch?v=W8WVFTXKExo

News, Rumors and Opinions Friday AM 8-2-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 2 Aug. 2024

Compiled Fri. 2 Aug. 2024 12:01 am EST by Judy Byington

Judy Note: The Petro Dollar recently became officially defunct as China, Russia, India and the Middle East abandoned the fiat US Dollar, refusing to sell oil to the US.

The creation of the Federal Reserve in 1913, in tandem with the development of the tax-exempt foundation and the creation of the IRS, set the stage for a 20th century defined by elite control of lower-class labor. 

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Thurs. 1 Aug. 2024 Mr. Pool on Telegram: The Alliance Plan

NESARA/GESARA Debt Relief Implementation

The Military will provide the masses with the food they need.

QFS implemented

There will be a 95% reduction in government structure

The Federal Reserve is officially dead.

The IRS is under new US Treasury Department with a new tax system where only a 14% tax is charged on new items, no taxes on food or medicine, salaries, used houses or cars, etc.

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Global Currency Reset:

Thurs. 1 Aug. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

Last night Wed. 31 July there was a celebration dinner in Reno with bank and intake managers

Several confirmations pointed to this going by notifications tomorrow Fri. 2 Aug. after Markets closed and/ or Saturday 3 Aug.

Appointments could happen Fri., Sat or Sunday 4 Aug.

Redemption Centers will be open on Sunday 4 Aug.

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Thurs. 1 Aug. 2024 Wolverine: “Sources say that Reno has started and were paying out 1% to certain platforms. The Precatorious Platform has been released. Hopefully we will be celebrating tomorrow Fri. 2 Aug. 2024.”

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Global Financial Crisis:

Thurs. 1 Aug. 2024 Argentina: Where Did Argentina’s Gold Go? Argentina is facing a small problem. Somewhere, 62 tons of gold worth $4.5 billion, the country’s entire gold reserve, have gone missing. The government reluctantly disclosed that the Argentine gold was loaded onto British Airways charters and sent to London. The erratic president Javier Milei, before entering politics, worked at the British bank HSBC. Remember how in November 2023 all of Argentina celebrated Milei’s victory?

Five months before his assassination, President John F. Kennedy issued this executive order that would give the American currency back to the people by printing money based on a silver standard, taking away the power of the Federal Reserve Banking Cartel. Many argue this is the reason that JFK was assassinated.

Deep State Cabal CBDC non-asset backed digital currency financial system: “There will be control.” European Central Bank president, Christine Lagarde, admits the EU’s new CBDC—the digital euro—will be used to exert control. EU citizens already face imprisonment or fines for participating in cash transactions above €1000, but the introduction of the digital euro will enable financial totalitarianism on a scale that would make even George Orwell wince.

Read full post here:  https://dinarchronicles.com/2024/08/02/restored-republic-via-a-gcr-update-as-of-august-2-2024/

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

Jeff   They haven't implement their budget yet because they're waiting for the rate to change.  Everything in Iraq...the budget, the laws, the overturning the budget, everything out there is being stalled and delayed to be timed with the rate change.

Walkingstick   [Iraqi bank friend Aki update]  AKI:  I got a phone call...Monday and the phone call is telling me to do something...Sudani and his staff/administration along with the CBI, they are reaching out to ex-patriots of Iraq...that left Iraq back in 2003.  We're dealing with teachers, scientists, bankers, economists, doctors...In 2003 when Saddam ...caused these brilliant people...of Iraq to leave...This was called the brain drain.  The brain drain effect will now be replaced because of what Sudani is doing with these ex-patriots.  [Post 1 of 2....stay tuned]

Walkingstick   He is painting a bright picture to all that left Iraq to come back.  He is explaining to them you will be receiving new lower notes, new currency...a new value that will give you purchasing power...Your businesses, investments in our country are now well protected.  Sudani tells the ex-patriots around the world you can now make a living in Iraq...Sudani is calling them home. He's reaching out to them through the internet...He's really doing it by word-of-mouth.  News travels at a faster pace from person to person... WALKINGSTICK:  Sudani is calling his people back and then he doesn't do the monetary reform?  No.  Not likely!  [Post 2 of 2]

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'Slow Motion Fiscal Crisis' As U.S. Debt Hits Record $35 Trillion | Lyn Alden

David Lin:  8-1-2024

Lyn Alden, Founder of Lyn Alden Investment Strategy, discusses the U.S. fiscal situation, monetary policy update, and asset allocation for the remainder of 2024.

0:00 – Intro

1:00 - Labor market

 3:28 - Fed rate cut

13:13 - Sovereign debt crisis?

15:39 - Bond market

18:20 - Small-cap rotation

 20:05 - AI investment themes

24:47 - Copper

27:00 – Bitcoin

 30:30 – Liquidity

 33:58 - $35 trillion in debt

40:09 - Federal interest payment

43:00 - China's holdings of U.S. Treasuries

46:20 - Yen and BoJ

48:36 - Housing market

https://www.youtube.com/watch?v=VX3iBRyf14M