“Tidbits From TNT” Tuesday 8-6-2024

TNT:

Tishwash:  Former MP: Iraq's financial autonomy is lost because of Washington

On Monday, former member of the Finance Committee, Muhammad Al-Shabki, accused Washington of dominating the oil revenues in the US Federal Bank. 

Al-Shabki said in a statement to the “Al-Ma’louma” agency, “There are issues imposed on Iraq and domination of the Iraqi economy by the United States,” noting that “this policy that America placed on Iraq is the reason for the calamity in its economic situation.” 

He added, “Iraq does not have autonomy over its money coming from oil exports in the US Federal Bank,” calling on the government to “be freed from this pressure and have a say in reformulating the relationship with the Americans.” 

He stated that "Iraq is asking the American side for a lot of money, which represents the proceeds of the amounts in the Federal Bank." 

Earlier, a member of the Al-Fatah Alliance, Ali Hussein, warned in a statement to the Al-Ma'louma Agency about the American control over the oil financial revenues in the Federal Bank, accusing Washington of exploiting this control to exert pressure on Iraq. link

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Tishwash:  The power of the "Federal Forces"... Iraq is moving to achieve financial autonomy

The United States of America still dominates the Iraqi economy through economic agreements concluded by Washington according to what primarily serves its interests, as the American administration seeks to block the way for those trying to rid the country of its control over Iraqi oil sales funds. 

The United States of America continues to impose its influence on Iraq in many vital files, including depositing the funds from the sale of Iraqi oil in the US Federal Bank, amid clear blackmail by passing many files, most notably the dollar bill, which puts great pressure on the government.  

Iraq seeks to get rid of this dominance by depositing the money in the Federal Bank and sending it directly to the Central Bank. 

Speaking about this file, Al-Fatah Alliance member Ali Hussein calls on the government to seek to find alternatives and take the step of liberating the country from the dominance of the dollar and the continuing American sanctions, while stressing that Iraq's move towards lifting the restrictions of the US Federal Bank is a must.  

Hussein said in an interview with the Maalouma Agency, “It will be a bold step, but it will succeed if the atmosphere is created and contracts are made with alternative international banks,” noting that “it is necessary to bring in companies from international countries.” that do not deal in the US dollar.”  

He continues, “Entering into the Shanghai system and other global organizations will be the first stage of liberation from the dollar,” adding that “the movement to end the dollar’s ​​hegemony over the world, led by major countries, has greatly succeeded.”  

He adds, “Contracting from companies from Eastern countries and bringing them to work inside Iraq will avoid the economic blockade,” pointing out that “the government is required to seek to find alternatives and take the step of liberating the country from the dominance of the dollar and American sanctions."   link

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Harambe:  Telegram: Reports of 2 American soldiers killed in the bombardment of 7 missiles by the Iranian proxy on the Ain Asad base in Iraq

🔸 Reports of 2 American soldiers killed in the bombardment of 7 missiles by the Iranian proxy on the Ain Asad base in Iraq.

🔸 Report on American military activity at the Arar border crossing between Saudi Arabia and Iraq. Possible US reinforcements on their way to Iraq.

Telegram Link:

https://t.me/beholdisraelchannel/37017

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Tishwash:  Iraq, EU discuss combating terrorism

Today, Monday, the head of the Counter-Terrorism Service, Karim Al-Tamimi, discussed the file of combating terrorism with the European Union Mission.

A statement by the service received by /Al-Youm Al-Akhbariya/ stated that "the head of the Iraqi Counter-Terrorism Service, Lieutenant General Karim Al-Tamimi, received the head of the European Union Mission and his accompanying delegation today, Monday, at the headquarters of the Counter-Terrorism Service in the capital, Baghdad."

The two sides discussed, according to the statement, "security cooperation in combating terrorism with regard to holding workshops and conferences and exchanging expertise and information with the European Union countries."

The statement indicated that "the discussion addressed the Iraqi national strategy to combat terrorism and the mechanisms of cooperation in its implementation in order to achieve the desired goal of reaching a secure and stable Iraq."  link

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Mot: .. Finally - Figured out da problem!!!! 

Mot: ... Sooooooooo - Howd Ur Day Go!!!!!

Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-6-24

Good Morning Dinar Recaps,

STELLAR Blockchain Chosen for New EURT Euro-Pegged STABLECOIN Initiative

"Ireland-based electronic money institution (EMI) DECTA is partnering with French fintech company Next Generation to introduce a new Euro-pegged stablecoin, ‘EURT’.

The collaboration aims to create a fully compliant stablecoin that adheres to the Markets in Crypto-Assets (MiCA) regulations and operates on the Stellar blockchain, alongside three additional platforms."

"Next Generation, which has close ties with Tempo France, previously launched EURT with the Stellar Foundation as one of the first stablecoins in 2017. 

However, the project was suspended due to the lack of a regulatory framework. The implementation of MiCA now provides a structured environment, facilitating the relaunch of this project."

"As of 1 July 2024, the new MiCA regulations permit the issuance of Euro-pegged stablecoins exclusively by credit institutions or EMIs within the EU. With its EMI license from the Central Bank of Ireland, DECTA is well-positioned to be a pioneering issuer under these new regulations."

“The implementation of MiCA has ushered in a new era in the history of modern digital finance in Europe,” said Suren Hayriyan, president of Next Generation. “The demand for Euro stablecoins is extremely high. Companies, entrepreneurs, and private users today lose a lot on forced conversions.

"The firms plan to launch EURT in October, aligning with strategic goals and regulatory milestones. The partners emphasize the SIGNIFICANCE OF REGULATION, indicating that UNREGULATED Euro-denominated stablecoins will no longer have a place in the market"

@ Newshounds News™

Read more:  Digital Pound Foundation

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We’re excited to announce that #Hedera has officially joined the @IIF
 (Institute of International Finance),  joining the likes of @circle @coinbase, and @BlackRock, and other leading institutions to collaboratively foster global financial stability and sustainable economic growth.

@ Newshounds News™

Read more:  Twitter, IIF

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Hedera - HBAR

@ Newshounds News™

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JUST IN: El Salvador bought more #Bitcoin today while everyone else is selling.

@ Newshounds News™

Read more:  Bitcoin Magazine

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ARE CBDC'S A FORM OF CRYPTOCURRENCY?

THIS ARTICLE IS VERY COMPREHENSIVE AND WE HIGHLY RECOMMEND CLICKING THE LINK TO THE FULL ARTICLE FOR REVIEW

"Although CBDCs are a form of digital currency, they are not a cryptocurrency. Compared to cryptocurrencies, CBDCs are centralized, meaning they’re issued and regulated by a monetary authority — in this case, a country’s government.

They’re also considered legal tender and hold the same status as any traditional fiat currency issued by a central bank. Finally, by virtue of the fact that CBDCs are based on fiat currency, they’re far less volatile than cryptocurrencies, whose value is determined by market forces and speculative activity."

"While both CBDCs and cryptocurrencies have their advantages and disadvantages, the general consensus is that they are two very different things, with different implications for the economy and society at large."

"The decentralized nature of cryptocurrencies has also accelerated innovation in cross-border payments — for example, RIPPLE, a Real-Time Gross Settlement system, has successfully built a global payment ecosystem with the XRP cryptocurrency at its core."

"The growing popularity of cryptocurrencies has created increased competition for central banks, which have realized that they need to offer instant, electronic payments to stay current and maintain market share."

"There’s been some confusion recently around the relationship between FedNow and CBDCs, with some wondering whether FedNow is a CBDC. To cut right to the chase: No, it is not, and the two are fundamentally different.

CBDCs are not a payment mechanism, but rather a form of currency and a digital means of storing value. FedNow, however, is a payment mechanism — in other words, it’s a means of moving funds from one bank account to another.

"To put things into perspective, the FedNow Service can be likened to a highway system, providing a fast and efficient infrastructure for the movement of payments between financial institutions.

 CBDCs enable central banks to compete with private-sector offerings by providing a wider array of services to consumers, including a more stable, secure alternative to cryptocurrencies.

There’s also a cost-saving incentive to CBDCs, as electronic payments are less expensive to process — both for governments and financial institutions — than paper-based payments."

"Looking to the future, FedNow, digital payments, ISO 20022, and CBDCs will be transformational not only for businesses within the financial services industry but for anyone who uses financial services. In the long run, they will coexist with cryptocurrencies, providing consumers and businesses with a wide range of complementary mechanisms for the digital transfer of value."

@ Newshounds News™

Read more:  Volantetech

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News, Rumors and Opinions Tuesday AM 8-6-2024

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. 6 Aug. 2024

Compiled Tues. 6 Aug. 2024 12:01 am EST by Judy Byington

Welcome To Black Swan Monday

Markets Crashing Across the World

Federal Reserve Calls Emergency Meeting

Withdraw all Funds From Your Banks Right Now!!!

By Mon. morning 5 Aug. 2024 looming World War III in the Middle East and US Recession fears had sparked sell outs in international Markets with Oil, Crypto and Stocks down across the Globe. The New York Stock Market 24 Hour Trading was halted even before the Market opened, and then at that opening, the Dow dropped 1,000 points. Japanese Stock losses exceeded $830 billion, the Aussie market lost $77 Billion in the Monday Morning Bloodbath and Taiwan’s Stock Market suffered it’s worst losses since 1967.

A World-Wide Call For Fast and Prayer:
Pray for a Restoration of Freedom for People of the World.

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.

Travel Advisory: “Due to the unpredictable and volatile nature of the Global situation U.S citizens should shelter in a safe place, and strongly consider returning to the United States when safe to do so.”

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Global Financial Crisis: Mon. 5 Aug. 2024 Current situation: https://nypost.com/2024/08/05/business/bloodbath-on-wall-street-as-dow-nasdaq-futures-plunge-amid-recession-fears/

On Mon. morning 5 Aug. 2024 New York Stock Market 24 Hour Trading was halted even before the Market opened, while at that Opening the Dow dropped 1,000 points. Japanese stock losses exceeded $570 billion. Japanese banks have lost $85 billion due to panic selling on Monday, Bloomberg reports. Taiwan’s stock market suffered it’s worst losses since 1967. Bitcoin has dropped below $50,000!

Mon. 5 Aug. 2024 Multiple brokerages, including Charles Schwab, Fidelity, Vanguard, TD Ameritrade, E-Trade, UPS, Century Link and Interactive Brokers, are currently down and reporting errors amid market crashes.

Everyone is confused right now as to why the stock market is recovering. Let me explain it to you. The Market Makers are manipulating the market as they always have, they are pushing blue chip stocks back up, killing options prices so people sell, pushing #Bitcoin as high as they can, and they are shorting #silver, #gold, #XRP, #ISO20022 tokens, and meme stocks like $AMC $DJT $GME just as they always have on any given day. BUT THIS IS FINANCIALLY CRIPPLING THEM.

That is where the BLACK SWAN comes in. Right now its manageable, it HURTS, but its do-able. BUT once the SWAN happens its NO longer MANAGABLE. They will turn the POWER OFF to protect their POWER. But when STARLINK turns us back on using QUANTUM power, the stock market and crypto markets will go into FREE FALL. Creating the largest stock market crash the world has ever seen.

They will no longer be able to manipulate fast enough or high enough to keep them from financial collapse and this is when the APES rise. We HODL for our number and when we sell, IF WE SELL, we take what money they still have left creating the BIGGEST WEALTH TRANSFER IN HISTORY. The powers that have unknowingly run this world keeping us systematically enslaved will be destroyed with the FLIP OF A SWITCH. While they become the next LEHMAN BROTHERS. The PERFECT STORM OF FINANCE creating a FINANCIAL REVOLUTION. Welcome to the GREAT AWAKENING.

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Japan’s Stock Market is officially in correction territory

Ethereum and Bitcoin were down 25% and 15%, with Bitcoin value dropping below $50,000 for the first time since February and currently trading at $52,500.

Over $1,000,000,000 liquidated from the Crypto Currency Market in the past 24 hours.

The Nasdaq 100 is officially in correction territory

The 10-Year Note Yield is down 60 basis points in 1 week

The unemployment rate is at a 3-year high of 4.3%

The volatility index, $VIX, is up over 100% in 1 month

The following trading platforms were reportedly down:

Charles Schwab

TD Ameritrade

Vanguard

E-Trade

Fidelity

Google $GOOGL: -11%

Amazon $AMZN: -10%

Microsoft $MSFT: -9%

NVIDIA $NVDA: -11%

Apple $AAPL: -10%

Meta $META: -10%

Tesla $TSLA: -10%

Mon. 5 Aug. 2024 Tokyo Japanic Monday: Japanese Bonds, Stocks Halted After Plunging Into Bear Market As Everything Crashes Everywhere! Japan stocks plunge 7% as sell-off continues. Japan’s benchmark Nikkei Stock Average opened Monday trading down and soon extended losses to 7%, continuing its steep decline from the previous two sessions. The index at one point fell as much as 7.1%, or 2,540,33 points, from Friday’s close to 33,369.37 — its lowest intraday level since Jan. 5. The broader Tokyo Stock Price Index shed 7.8%. https://asia.nikkei.com/Business/Markets/Equities/Japan-stocks-plunge-7-as-sell-off-continues

Sun. 4 Aug. 2024 BREAKING: Wave of financial collapses in multiple markets spread across the world. Korean Stock Exchange Crashing. Suspends Trading.

Mon. 5 Aug. 2024: Bank RUNS! SMFG SHARES FALL AS MUCH AS 16%, TOUCHING DAILY LOWER LIMIT. And there goes Japan’s second largest bank. Next up: bank runs! https://x.com/zerohedge/status/1820261662760358240?s=46

Mon. 5 Aug. 2024: Markets now anticipating an emergency Fed rate cut before the scheduled September date.

Mon. 5 Aug. 2024 GLOBAL STOCK MARKET MADNESS!: The Japanese Stock Exchange Nikkei 225 is WAY DOWN at opening at over -4,100 POINTS. That number has since gone down further to over -4,600 POINTS. That translates to 13% DOWN. Just for scale…Japan’s largest bank (MUFG) is DOWN 21%, Mitsubishi Bank is the 9th LARGEST bank in the WORLD. The Taiwanese Stock Exchange has dropped over 1,800 points or 8%. The LARGEST points drop in their HISTORY. Also, the Korean Exchange is down 247 points or 9%. ALL trading has currently ceased. The US markets will NO DOUBT be greatly affected by this when the morning comes. THIS IS A TRULY HISTORIC CRASH OF EPIC PURPORTIONS. “Black Monday” is going to be an UNDERSTATEMENT.

Mon. 5 Aug. 2024 The Indian Express Stock Market Crash Today: Bloodbath on Dalal Street as Sensex crashes by nearly 2,400 points amid recession fears in US: https://indianexpress.com/article/business/market/sensex-crashes-india-shares-us-growth-fears-9495613/

Mon. 5 Aug. 2024 Black Monday: A wave of financial collapses in multiple markets is happening across the world. Stocks and crypto have plunged as investors start to panic while a global sell-off deepens. Absolute chaos in Japan as stocks are on track for their biggest decline in more than eight years, following a significant drop last Friday. This is an even larger drop than the Black Monday crash of 1987. South Korea has halted all sell orders as markets crash more than 5%. In the United States, the Magnificent 7 stocks have erased nearly $500 billion overnight. With rumors of World War III and Civil War across Europe, the markets are expecting an even deeper crash tomorrow.

Mon. 5 Aug. 2024: Breaking News: Global Financial Meltdown – Focus on Events, Not Dates… The Collapse Marks the Start of Our Freedom! Black Swan or Black Monday? – amg-news.com – American Media Group

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Restored Republic:

For those of you who are worried about our future, don’t be. …Mr. Pool,(JFK Jr.) Mon. 5 Aug. 2024

The Federal Reserve has been rolled into the US Treasury.

The IRS is no more.

The fiat dollar is backed by gold.

The oil market has been brought to zero to bring down Rockefeller.

Free Energy is on it’s way.

Our nation will be Sovereign and free.

Worldwide Peace will reign.

Read full post here:  https://dinarchronicles.com/2024/08/06/restored-republic-via-a-gcr-update-as-of-august-6-2024/

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

Jeff  The news is now really starting to ramp up.  Critical steps are coming forward...They're going to fall into place like clockwork.  August through September is going to be the most critical period in this investment that we've ever witnessed. 

Militia Man  Looks like someone is not happy about their cash cow getting yanked out from them.  Their magic carpet just got grounded.  They're not being able to steal money anymore and they're upset about it.  Whales, large financial people and politicians involved in the banks they got shut off.  They're being vocal about it.  Who runs some of the media in Iraq?  We know some people that were at the top of the country have their fingers in the pot when it comes to media...

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END GAME ALERT! Physical Silver & Good Cryptos Will THRIVE AFTER the Global Meltdown!!

 (Bix Weir) 8-5-2024

90 days left before an election that may never happen! In this time frame BOTH the Good Guys and Bad Guys want to destroy the Global Fiat Monetary System so HANG ON TIGHT!

https://www.youtube.com/watch?v=R9xoRRK7zqU

ECONOMIC BLOODBATH: $1.4 TRILLION LOST in a Day as Global Markets Panic & Major Indices Collapse

Lena Petrova:  8-5-2024

https://www.youtube.com/watch?v=v0n6P1MmU5I

Seeds of Wisdom RV and Economic Updates Monday Evening 8-5-24

Good Evening Dinar Recaps,

Three-Quarters of Banks Face Digital Banking Infrastructure Issues

The banking industry is experiencing a seismic shift as agile, digital-native FinTechs capture an ever-growing share of the market. 

Burdened by outdated technology, traditional financial institutions face mounting challenges in delivering modern digital services. 

The growing dominance of FinTechs — securing nearly half of all new account openings — highlights the urgency for banks to modernize their infrastructure.

With consumer expectations rapidly evolving toward seamless digital experiences, banks must navigate the high costs and complexities of updating their core systems. 

Exploring incremental modernization through application programming interfaces (APIs) may offer a viable path forward, enabling banks to enhance their digital capabilities and remain relevant in an increasingly competitive landscape.

A recent PYMNTS Intelligence Report, “Core Strength: FIs Must Modernize to Meet the FinTech Challenge,” in collaboration with Galileo, highlights the urgent need for traditional financial institutions to overhaul their outdated systems to keep pace with digital-native competitors. 

The report reveals that 75% of banks struggle with implementing new digital solutions due to their legacy infrastructure, underscoring the critical nature of modernization efforts. 

As FinTechs continue to capture a growing market share, banks face mounting pressure to adopt agile technologies and innovative approaches.

@ Newshounds News™

Read more:  PYMNTS   

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The crypto market has just witnessed its largest three-day sell-off in 12 months amid weak jobs data in the US and revived fears of a recession.

The crypto market has just clocked its most significant three-day sell-off in almost a year, shedding as much as $510 billion from its total market capitalization since Aug. 2.

The sharp crypto sell-off arrived amid faltering equities performance, with the S&P 500 falling as much as 4.4% in the same time frame.

The market stumble has been led by weak employment data, slowed growth among major tech stocks and revived fears of a recession.

Several major companies, including Microsoft and Intel, posted lower-than-expected second-quarter results, and market leader Nvidia was battered by expectations of impending rate cuts in September, which has seen capital flow back into smaller, lagging companies.

The total crypto market capitalization fell by $314 billion on Aug. 5. Source: TradingView

The last time crypto sold off this sharply over a three-day period was in mid-August of 2023.

BTC and ETH are down 20% and 28%, respectively, in the last seven days.

Layer-1 network Solana’s has been the hardest-hit cryptocurrency among the top 10 largest tokens by market cap, falling 30.6% since July 30.

The Crypto Fear & Greed Index — an indicator that tracks market sentiment toward Bitcoin and crypto — has fallen back into “fear” and currently displays a score of 26 at the time of publication, according to Alternative.me.

@ Newshounds News™

Read more:  Coin Telegraph

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Bezos sold $1.65 billion worth of $AMZN at the exact top - man deserves a round of applause for these trades!

@ Newshounds News™

Read more:  Twitter

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Why do I hold $XRP? This video should make it clear.

WATCH THE VIDEO IMBEDDED IN THIS TWEET.  WORTH 2 MINUTES.

@ Newshounds News™

Listen Here:  Twitter 

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Japan's three largest financial companies have lost $85 billion in market value over the past two trading days.

Read that again.

History…

@ Newshounds News™

Read more:  Twitter

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This Is Why We Can’t Have Nice Things.

This Is Why We Can’t Have Nice Things.

Notes From the Field By James Hickman / Simon Black   August 5, 2024

Athenian general Miltiades was already a hero across ancient Greece when he set sail for the island of Paros in 489 BC.

Born into stardom as the son and nephew of famous Olympic champions, Miltiades made a name for himself as one of the most important and successful commanders in the Greek war against Persia.

In fact, Miltiades was responsible for devising the incredibly unique, surprise battle plan that confounded the Persian army at the Battle of Marathon in 490 BC. The Greeks were vastly outnumbered and outmatched... but they annihilated the Persians thanks to Miltiades’ tactical genius, making him an instant celebrity-hero throughout the region.

So, when he approached the Athenian government the following year and requested to lead a special mission to reclaim lost Greek territory in the Aegean Sea, they approved his mission without question. And the Hero of Marathon set sail a few months later with a fleet of 70 ships.

Unfortunately for Miltiades, his voyage was a total disaster; his fleet was nearly vanquished, he lost a great number of men, and he was unable to take the island of Paros. So, when he returned to Athens, all of his former heroics were forgotten… and people wanted his head. Literally.

It was commonplace in ancient Greece for politicians and military leaders to be held accountable for their decisions; many were even put on trial at the end of their rule and had their administrations publicly scrutinized.

These weren’t political witch hunts; rather, they were a form of checks-and-balances whereby anyone found to have been truly incompetent, disloyal, or duplicitous would be severely punished.

Miltiades-- again, the Hero of Marathon-- was charged with treason for causing such severe and embarrassing losses in his ill-fated Paros expedition. He was tried, convicted, and ultimately sentenced to death… however this was eventually reduced to a fine of 50 talents (roughly $10 million in today’s money) and a lengthy prison sentence.

Sometimes I feel like the Greeks were really on to something.

Sure, the world is complicated, and there’s never any guarantee of success in warfare, business, life, politics, etc. Decision makers don’t have a crystal ball and rarely have perfect information… so there can never be any certainty about future outcomes.

But leaders have a moral and legal obligation to always do their best… and to make rational decisions and take sensible risks. Most importantly, whenever there’s new information, they have an obligation to challenge their own decisions and adjust course if necessary.

Failure to do so is arrogant, deliberate incompetence.

We saw this all throughout the pandemic; at first, there was very little information available, and politicians’ knee-jerk reaction was to enact the most extreme measures.

But six-months later there was plenty of data. And politicians had plenty of opportunity to review the updated information, summon their courage, and make better, more rational decisions.

Some places (Florida) did. Others (New York, California) stuck to their failed, idiotic, destructive policies. They kept people locked down, they kept the schools closed, and they exacted an incalculable toll on their citizens.

But they will never be held accountable for their incompetence. Instead, they end up on lucrative speaking tours, awarded highly paid consulting or board positions, or advanced outrageous sums for their memoirs.

And this leads me to what’s happening in England right now.

As you’re probably aware, a sick-o teenager in northern England stabbed a bunch of kids last week in a horrifying rampage. Nine children were wounded, and at least three have died.

Rumors quickly circulated that the attacker was a Muslim refugee who had arrived by boat to England’s shores, and violent riots quickly broke out across the country.

The government and media were quick to correct the rumor; the 17-year-old attacker (he turns 18 on Wednesday) was born in the UK and is the son of Rwandan immigrants.

Then they further denounced the rioters as “far right” and “racist”, and the Prime Minister threatened to use the full force of the law against them.

Look, it’s completely inexcusable for rioters to engage in violence and destruction of property. But it’s also inexcusable for politicians to run their country into the ground.

The media has been quick to condemn the rioters. But they are completely silent, and frankly complicit, regarding the destruction of their country.

To Read More:  https://www.schiffsovereign.com/trends/this-is-why-we-cant-have-nice-things-151207/

Seeds of Wisdom RV and Economic Updates Monday Afternoon 8-5-24

Good Afternoon Dinar Recaps,

Blockchain and Nation-State Infrastructure: Why Bother?

" Financial titans like JP Morgan, Standard Chartered, HSBC, and Goldman Sachs are diving deep into blockchain, spurred on by the SEC’s approval of spot Bitcoin and Ether ETFs and BlackRock’s tokenization initiatives.

However, participation from legacy organizations brings with it a growing risk of reproducing the same kinds of centralized structures that blockchain set out to dismantle. 

Additionally, greater involvement from traditional finance attracts stronger regulatory frameworks and more regimented policy structures from nation-state institutions, which risks stifling innovation and limiting the autonomy of our blockchain networks. So, why bother?"

"Not long ago, these financial giants were the loudest critics of crypto’s credibility and efficacy. For context, in 2017, the CEO of JPMorgan Chase famously declared, “BITCOIN IS A FRAUD”.

In this era of heavy skepticism, financial governance in the U.S. looked down its nose at this whole ecosystem—if it even dared to look at all. 

Yet now, as the two start to realize the potential upside of Wall Street ETFs, we seem incredibly eager to shine a light on their arrival. 

We need to ask ourselves if these major private and public players can be trusted with the future of blockchain ecosystems when they have, for years, continued to struggle with the provision of clear and feasible regulatory frameworks."

"It’s still unclear if digital assets are SECURITIES or COMMODITIES, leading to endless lawsuits and regulatory headaches for major exchanges in the US. These opaque rules and guidelines have fostered a mass jurisdictional exodus, as companies look for legal respite to innovate in other places. "

"To circumvent these centralized points of failure, we need to continue building permissionless and trustless systems that can’t be taken down by the state, regulator, or any one owner.

Decentralized, open-source zero-knowledge (zk) bridges may not be a silver bullet, but they offer a more promising and equitable future. 

Distributed, anonymous, and autonomous, these bridges can operate with minimum governmental interference and therefore maximum freedom, empowering participants to move assets freely and generate proofs locally and economically."

"This allows for true interoperability, giving protocols sovereign control without the heavy hand of regulatory requirements. It also makes these bridges nation-state-resistant: if a given bridge provider is regulated out of existence or prosecuted, users can continue bridging using the decentralized infrastructure."

"In this vision, protocols would enjoy greater freedom, with no unnecessary requirements, no user flow restrictions, and no extra security vulnerabilities. Crypto would again become a space where no single country, company, or party has an unfair advantage, effectively returning to the decentralized spirit at the heart of blockchain."

"Imagine instead a world where thousands of blockchains communicate seamlessly—a future where fragmented liquidity becomes a cohesive, high-performance ecosystem.

This vision is within reach. We are on the cusp of making blockchain as efficient and interconnected as the internet itself.

Decentralized, horizontal scalability is the only way forward, making crypto truly useful for the wider global community."

@ Newshounds News™

Read more:  Bitcoin

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Cambodia’s Bakong DIGITAL CURRENCY helps address DOLLARIZATION

ANOTHER ARTICLE HIGHLIGHTING THE FACT THAT COUNTRIES ARE CONTINUING DOWN THE PATH TO DE-DOLLARIZE AND RETURN TO LOCAL CURRENCIES.

THIS TREND IS HAPPENING ALL AROUND THE WORLD AND SEEMS TO BE A STRATEGIC PLAN TO BRING IN A GLOBAL FINANCIAL SYSTEM.

"Cambodia has been a heavily dollarized country since it returned to civilian rule in the early nineties. Roughly 80% of transactions are in US dollars. Prior to becoming the Governor of the National Bank of Cambodia, Chea Serey spearheaded the launch of the Bakong digital currency payment system in 2020.

A key aim was to encourage a higher proportion of transactions in the local riel rather than dollars. Based on figures for the first half of 2024, that strategy looks like it’s working."

"Bakong has been a huge success. By the end of last year, the central bank said there were ten million wallets out of a 17 million population. While often described as a central bank digital currency (CBDC), Bakong is closer to a tokenized deposit initiative with the Bakong currency backed by balances at commercial banks."

"One of the key tactics to encourage use of the LOCAL CURRENCY is to only support cross border payments using riel. Bakong has existing cross border payment arrangements for Bakong with Thailand, Laos and Vietnam and is expanding its collaborations with China, Japan, India, Korea, Singapore and Malaysia.

Late last year it partnered with Alipay+, the international arm of the dominant Chinese wallet. Additionally, it’s encouraging local retailers to quote prices in riel."

"There’s another reason the strategy is working. With a prudently managed economy, the riel can hold its own in the foreign exchange markets. It has an unofficial peg of 4000 riel to the dollar, which it has managed to more or less hold for the past 20 years. 

During the past ten years it has varied by less than 5%. Given the decline in the US dollar in the last few days, the riel has now slightly appreciated against the dollar over the past year. Other currencies in the region such as the Thai Baht, have depreciated a little."

@ Newshounds News™

Read more:  Ledger Insights

~~~~~~~~~

USD/JPY Forecast – US Dollar Continues to Drop Against The Yen

The USD/JPY pair fell hard in the early hours on Monday, as the trading world continues to unwind the overall carry trade, and the Fed is looking more and more likely to cut rates later this year. Ultimately, this is a market that I think will continue to see more and more volatility.

@ Newshounds News™

Read more:   FX Empire   

~~~~~~~~~

IMPORTANT RIPPLE (XRP) UPDATE

“Ripple USD will be fully backed by a segregated reserve of cash and cash equivalents and redeemable 1:1 for US dollars,” the announcement reads.

▪️Ripple plans to launch a stablecoin called Ripple USD (RLUSD) by the end of 2024, available on XRP Ledger and Ethereum. It promises benefits like deep liquidity for certain trading pairs, instant settlements, and programmable finance.

▪️The SEC has criticized RLUSD as an “unregistered crypto asset,” continuing its ongoing legal battle with Ripple since 2020.

More Attention to RLUSD
Ripple made waves earlier this year when it revealed that it would introduce a stablecoin pegged to the American dollar. At the time, CEO Brad Garlinghouse stated that the product would serve as a bridge between traditional finance and the cryptocurrency industry.

Ripple’s team has still not provided an exact date for the stablecoin’s official release. However, they explained it will be available on the XRP Ledger and Ethereum and should go live before the end of 2024. The team also revealed that the stablecoin will be called Ripple USD (ticker RLUSD).

Most recently, the product was added to the company’s official website, meaning its launch could be just around the corner. “

Ripple USD (RLUSD) is being designed to maintain a constant value of one US dollar. Issued on XRP Ledger and Ethereum blockchains, Ripple USD will be fully backed by a segregated reserve of cash and cash equivalents and redeemable 1:1 for US dollars,” the section reads.

Ripple’s team argued that RLUSD would provide certain benefits, such as deep liquidity for selected trading pairs on centralized exchanges, instant settlements, and programmable finance.

The Clash With the SEC
The upcoming stablecoin has already become a subject of controversy, receiving criticism from the US Securities and Exchange Commission (SEC). Several months ago, the regulator labeled it an “unregistered crypto asset.”

This is not the first confrontation between Ripple and the SEC. The agency sued the firm in December 2020, accusing it and some of its executives of illegally raising more than $1.3 billion by selling XRP in an unregistered security offering.

The legal battle passed through multiple developments in the following years, becoming one of the hottest topics in the crypto space. It reached its trial stage in April 2024, meaning a resolution could be announced anytime.

Some industry participants view the SEC as the underdog in the dispute, pointing to Ripple’s three partial court wins secured throughout 2023. XRP’s price reacted positively to each of those, and it will be interesting to see how it performs once the case is officially closed.

@ Newshounds News™

Read more:  Crypto Potato

~~~~~~~~~

Crypto Market Crash Aside: 3 Things to Watch This Week

Things couldn’t get much worse for crypto markets following their largest retreat for more than a year. However, this week’s economic calendar in the US is slow which could limit further volatility.

Crypto markets have fallen below $2 trillion total capitalization in a massive double-digit crash, the likes of which have not been seen for at least a year.

Stock markets in Asia are also reeling this Monday morning following a tech stock rout in the United States late last week.

Economic Calendar August 5 to 9
Monday, we will see July’s final S&P services PMI (purchasing managers index), which provides a snapshot of business conditions in the services sector in the United States.

The ISM services report is also due, which will provide economic indicators for service based on surveys of supply management professionals. Changes in ISM and PMI reports often precede changes in the wider economy.

Thursday has initial jobless claims data, which indicate employment and labor markets in the United States and have a wider impact on the economy.

This week’s light economic events calendar will not have much impact on markets as they are already in freefall.

Economists are forecasting more economic doom and gloom. “All in, we have an economic slowdown for sure, with a high probability that a recession is approaching,” reported Forbes over the weekend.

Crypto Markets Bleed $280B
Crypto markets have dumped a further $280 billion over the past 12 hours resulting in a daily slump of around 13%.

This has dropped total market capitalization back to $1.94 trillion, its lowest level since February. Digital asset markets have dumped more than 20% over the past week as sentiment shifts to bearish.

Bitcoin led the declines with a slump to under $50,000 during the Monday morning Asian trading session. The asset has lost 13% over the past 24 hours in its largest and fastest fall for more than a year.

Ethereum fared even worse, tanking a whopping 21% on the day to $2,200, its lowest level since January.

The altcoins are a sea of red this morning, with most dumping double digits as crypto markets wipe out nearly all gains made in 2024 in the space of a couple of days.

@ Newshounds News™

Read more:  Crypto Potato

~~~~~~~~~

IRAQ Central Bank Governor comments on DOLLAR EXCHANGE and FOREIGN REMITTANCES

"Ali Al-Alaq, governor of the Central Bank, discussed the value of remittances sent abroad and the value of the dollar."

"Al-Alaq said in a proclamation got uninvolved of his facilitating in the Place of Delegates that “our unfamiliar cash holds are adequate to make balance on the lookout,” demonstrating that “the National Bank offers in excess of 250 million bucks everyday to meet the necessities of unfamiliar exchange.”

He added, “85% of unfamiliar exchanges are as of now occurring between Iraqi banks and reporter banks WITHOUT GOING THROUGH the US Central bank,” making sense of that “the lodging drive is vital to the bank.”

He explained that “the Central Bank is now heading to cover the financing of the construction of 32 thousand housing units” and that “the volume of loans granted within the real estate initiative amounts to 10 trillion dinars.”

@ Newshounds News™

Read more:  Dinar Opinions

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

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

Economist’s “Market Crash News and Views” 8-5-2024

40% Stock Market Crash is Here with Simon Hunt

WTFinance:  8-5-2024

On this episode of the WTFinance podcast I had the pleasure of welcoming back Simon Hunt.

 During our conversation we spoke about the risk of a market crash in 2024, BRIC's currency, Global Cold/Hot War, financial system crisis and more.

 I hope you enjoy.

 0:00 – Introduction

 1:52 - Market crash in 2024?

9:01 - Control over the heartland?

 13:13 - BRIC’s currency

19:30 - Republicans to cut spending?

21:16 - South China Sea

27:18 - Cold vs hot world war?

 31:24 - Financial system correction?

34:09 - One message to takeaway from our conversation?

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

Bloodbath: US Economic Panic Begins As Japan’s Soaring Currency Detonates The Stock Market

Sean Foo:  8-5-2024

As Japan suffers a massive stock sell-off, the US economy is getting hit hard as the Yen carry trade begins to blow up.

US stocks is on the verge of a nasty sell-off and the recession risks are now getting frighteningly real. Here's what you must know.

Timestamps & Chapters:

 0:00 Japan In Freefall Collapse

 2:38 Economy Breaking, Massive Sell-Off

 5:31 Carry Trade Blows Up & Collapses Markets

7:33 Sponsor: Indigo Precious Metals

8:58 USD Falling Hard

9:39 US Market Dump Big Risk

12:23 Recession Shock Risk

https://www.youtube.com/watch?v=KT4UI9kQErk

‘Market Is Broken’: How To Survive When ‘All Hell Breaks Loose’ | Chris Vermeulen

David Lin:  8-5-2024

Chris Vermeulen, Chief Market Strategist of TheTechnical Traders.com, discusses Monday's market sell-off and what's next.

0:00 - Market reaction

 3:00 - Buy the dip?

7:42 - Stage 3 Topping Phase

12:47 - Trading psychology

 18:41 - Bear market indicators

 21:35 - Repeat of 2022?

24:53 - Recession fears

27:45 - Safe haven

31:05 - Emergency rate cut?

 32:20 - Yen

https://www.youtube.com/watch?v=Uhep234wfIg

“Tidbits From TNT” Monday 8-5-2024

TNT:

Tishwash:  Al-Alaq: The Central Bank is moving towards covering the financing of the construction of 23 thousand housing units

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Sunday, that the priority of financing will be for residential complexes ready for housing.

A statement by the bank received by / Al-Maalouma / said that "the Governor of the Central Bank visited the Real Estate Bank to study and process citizens' delayed loan requests."

The statement added that "the Governor of the Central Bank confirmed that the priority of financing will be for residential complexes ready for housing."  link

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

Tishwash:  Al-Sudani discusses with Allawi the government's efforts and serious steps to achieve economic reform

Prime Minister Mohammed Shia Al-Sudani received today, Sunday, former Prime Minister and head of the Iraqi National Accord Party, Iyad Allawi.

The government statement, a copy of which was received by {Euphrates News}, stated: “The meeting witnessed a discussion of the general conditions in the country, and a discussion of the government’s efforts and serious steps to achieve economic reform, which is the basis for developing all vital sectors, and improves the economic and living conditions of citizens in all parts of Iraq.”

He pointed out that "the meeting addressed the situation in the region and the challenges it faces in light of the increasing frequency of bloody attacks by the Zionist occupation authorities against the Palestinian people in Gaza, and the emphasis on Iraq's sovereignty and security, which is a gateway to the region's security and stability."  link

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

Tishwash:  Central Bank Governor: Our foreign exchange reserves are sufficient to create balance in the market

The Governor of the Central Bank, Ali Mohsen Al-Alaq, confirmed today, Sunday, that our foreign currency reserves are sufficient to create balance in the market. The media office of the head of the Finance Committee in the House of Representatives said in a brief statement received by Al-Mutalaa, that "the Governor of the Central Bank, Ali Mohsen Al-Alaq,

provided a full briefing during his hosting of the Finance Committee on the reasons for the fluctuation of the exchange rate, the mechanism of the electronic platform and its role in controlling internal and external trade, the housing initiative file, US sanctions on Iraqi banks, and the status of the cash reserve of hard currencies at the Central Bank of Iraq."

Al-Alaq stated, according to the statement, that "our reserve of hard currency is sufficient to create balance in the market," indicating that "the Central Bank sells more than $ 250 million daily to meet the requirements of foreign trade," indicating that "85 percent of foreign transfers are currently taking place between Iraqi banks and correspondent banks, without going through the US Federal Reserve."

He pointed out that "the housing initiative is of great importance to the bank, and that the volume of loans granted within the real estate initiative amounts to 10 trillion dinars," adding that "the Central Bank is now heading to cover the financing of the construction of 23,000 housing units, and priority will be given to completed residential complexes."  link

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

Tishwash:  Al-Atwani: Exchange rate stability is a central issue for the state

The head of the Finance Committee in the House of Representatives, Atwan Al-Atwani, confirmed on Sunday that the stability of the exchange rate is a central issue for the state, while he pointed out that the housing initiative achieved positive results.

The media office of the head of the Finance Committee in the House of Representatives stated in a statement, which was reviewed by "Al-Eqtisad News", that "Al-Atwani chaired the committee meeting that hosted the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, to ​​discuss the monetary policy file in the country."

He added that "the meeting reviewed a number of issues, most notably the issue of the electronic platform and the procedures related to it in order to facilitate work and economic stability, in addition to the issue of banks and the mechanism for developing the money transfer process."

He continued that "the meeting witnessed important interventions by committee members on banks' initiatives to provide real estate and housing loans, and ways to facilitate procedures and ease conditions for citizens in the process of applying for housing units in complexes."

Al-Atwani stressed, according to the statement, that "the widening gap between the official price of selling the dollar and the parallel market price creates a state of economic and financial instability," stressing that "the stability of the exchange rate is a central issue for the state."

The head of the Finance Committee noted that "there is a duality in the issue of imposing US sanctions between Iraqi banks and correspondent banks, which requires the Central Bank of Iraq to move effectively and address this crisis, in addition to tightening control over the work of private banks, in a way that ensures the integrity of all their procedures and work."

Al-Atwani added that "the housing initiative has achieved positive results, and therefore we are pushing towards supporting and continuing it in order to expand the list of those covered by housing loans, and contribute to resolving this crisis."

He continued that "the stability of the monetary market has a direct impact on the general financial situation," adding that "the labor market is unstable in terms of selling currency, which casts a shadow over the general monetary situation."  link

**********

Mot: . Beeeeeeeeee Honest!! -- Ya Did!! - HUH!!! 

Mot: Two Weeks Notice

Global Financial Contagion Now Unleashed as Japan’s Yen Crisis Erupts

Global Financial Contagion Now Unleashed as Japan’s Yen Crisis Erupts

On August 4, 2024  By Awake-In-3D

The Devastating Impact of Japan’s Economic Sickness on the Global Fiat Financial System

This weekend, the world has been waking up to headlines declaring global financial markets in chaos. Not due to any specific local issue, but triggered by a seismic economic upheaval in Japan.

This isn’t a hypothetical scenario; it’s happening now.

In This Article

1. What Makes Fiat Currencies So Fragile?

2. Why Is Japan’s Economic Situation a Global Concern?

3. How Are Global Markets Reacting to Japan’s Yen Crisis?

4. What Does This Global Market Contagion Look Like?

5. What Can We Learn from Japan’s Financial Catastrophe?

The foundation of our global financial system—fiat currencies, which derive their value from government assurances rather than tangible assets like gold—is showing its cracks.

Today, Japan’s catastrophic financial and economic situation is acting as a viral contagion, spreading instability and panic throughout the global fiat financial system. This isn’t just an isolated problem confined to Japanese borders.

The ripple effects are wreaking havoc worldwide, exposing the weakest link in our globally interconnected financial framework.

The message is clear: trust in government-backed FIAT currencies is dangerously misplaced.

As Japan’s crisis deepens, it serves as a clear warning that the foundations of our FIAT financial system are growing progressively more fragile and progressing to the point of collapse.

The global financial system, long upheld by fiat currencies, is now teetering on the brink of a crisis. Japan’s recent economic turmoil is exposing the fragile underpinnings of currencies not backed by tangible assets like gold.

What Makes Fiat Currencies So Fragile?

Fiat currencies rely solely on government trust rather than tangible assets. For decades, this system has functioned based on the perceived stability and reliability of governmental policies. However, the recent upheaval in Japan reveals how quickly this trust can disintegrate.

The yen’s sharp appreciation against the dollar—rising around 8% over the last month to 148.84 yen per dollar—highlights the deeper issues within Japan’s economy and its monetary policy, questioning the stability of fiat currencies worldwide.

Why Is Japan’s Economic Situation a Global Concern?

Japan’s decision to raise interest rates for only the second time in 17 years signifies a significant departure from its previous monetary easing policies. This shift has triggered a rapid rise in the yen, sending shockwaves through global markets.

The collapse of the carry trade, where investors borrow in yen at low interest rates to invest in higher-yielding assets, is causing widespread financial disruption. The yen’s surge is forcing massive sell-offs in U.S. equities, leading to a broad market slump.

How Are Global Markets Reacting to Japan’s Yen Crisis?

The yen’s appreciation and the subsequent sell-off of U.S. stocks illustrate the interconnectedness of global financial systems. As Japanese investors repatriate their capital, the impact is felt worldwide. This has led to significant declines in stock markets from the U.S. to Europe.

This downturn, exacerbated by weak U.S. manufacturing data and employment indicators, highlights just how a crisis in one country can ripple across the globe, affecting economies far beyond Japan.

What Does This Global Market Contagion Look Like?

The sudden and rapid appreciation of the yen and subsequent market sell-offs have led to widespread volatility and losses across major indices in Asia, the Pacific region, Europe and North America.

Here’s a snapshot of global market sell-offs in the last two trading days (August 1st and 2nd, 2024):

Austral-Asia Markets

• Japan (Nikkei 225): Combined decline of 5.73%

• China (Shanghai Composite Index): Combined decline of 1.40%

• Singapore (STI Index): Combined decline of 2.15%

• Australia (S&P/ASX 200 Index): Combined decline of 2.11%

European Markets

• STOXX Europe 600 Index: Declined 1.2%

• Germany’s DAX: Dropped 2.3%

• France’s CAC 40: Fell 2.1%

• UK’s FTSE 100: Shed 2.31%

U.S. Markets

• Dow Jones Industrial Average: Decline of 2.71%

• S&P 500 Index: Decreased 3.26%

• Nasdaq Composite: Shedding 4.67%

What Can We Learn from Japan’s Financial Catastrophe?

Japan’s yen crisis serves as a stark reminder of the vulnerabilities within the global fiat currency system. The recent turmoil demonstrates the need to question our reliance on government-backed currencies and consider the potential benefits of assets backed by tangible resources like gold.

The era of unquestioned faith in fiat currencies may be coming to an end.

The Bottom Line

Japan’s yen crisis is a dire warning about the fragility of the global fiat currency system. As trust in government-backed currencies wavers, the interconnected nature of global markets becomes increasingly evident.

The stability of our financial future depends on acknowledging these vulnerabilities and taking proactive steps to mitigate risks. The era of blind trust in fiat currencies must give way to a more cautious and strategic approach to safeguarding our economic well-being.

Contributing Sources:

• https://www.cnbc.com/2024/08/02/carry-trade-how-japans-yen-could-be-ripping-through-us-stocks.html?__source=iosappshare%7Ccom.apple.mobilenotes.SharingExtension

• https://www.watson.ch/schweiz/wirtschaft/308773172-schweizer-aktienmarkt-smi-mit-grossen-verlusten-nach-1-august

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

© 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

News, Rumors and Opinions Monday AM 8-5-2024

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 Mon. 5 Aug. 2024

Compiled Mon. 5 Aug. 2024 12:01 am EST by Judy Byington

Banks Closing Worldwide

Eight Billion People & All Banks Across the Globe To Do A Global Currency Reset

GESARA/NESARA Implementation

…Mr. Pool Sun. 4 Aug. 2024

Judy Note: As Worldwide bank runs began, a new indicator suggested that the United States was heading toward a major recession.

~~~~~~~~~~~

Fulford Report

This transformative endeavor, known as Quantum GESARA, encompasses various facets of advancement, including the Quantum Financial System, Quantum Voting System, Quantum Healing, and Quantum Physics.

The transition extends to the digital realm with the Quantum Internet, symbolizing a comprehensive shift toward quantum technology.

Under GESARA, currency undergoes a transformation, with Nesara introducing Rainbow “Treasury” Notes backed by precious metals, augmented by the integration of Quantum Starlink and internationally regulated USA Coins adhering to ISO20022 standards, also backed by metals.

~~~~~~~~~~

Global Currency Reset: Rumors/Opinions

Wed. 31 July 2024 BLUWOLF: We are about to receive our blessings there is no doubt about it. Please remember to follow all according to plan. Get in and out as quickly as possible. All cell phone must be placed on airplane mode 3 miles from bank source in and out. Zim 1 to 1 period. All alert systems worldwide have been activated and are all standing by.

Sun. 4 Aug. 2024 Wolverine: “In my opinion Tier4b should get notification tomorrow Mon. 5 Aug. Everything is moving ahead. Nothing has changed. We have the Green Light from Brazil.”

 Sat. 3 Aug. 2024 Wolverine: “It’s all coming this new week guys. Get ready everyone. 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. ”

Sat. 3 Aug. RV Highlights: “A contact went to a bank (big 4) today to buy more currency. He was told by the manager, who acknowledges the RV, not to bother because he would be coming back to exchange in “two days.” Same contact was also told that “this week” the market would drop.”

Sun. 4 Aug. 2024 Goldilocks: All currencies around the world are currently going through a reclassification process. An alphabetic currency identifier, also known as an ISO currency code, is a three-letter code. The new ISO codes will connect our currencies  to the new global digital system. Here is where ISO codes and ISO20022 messaging system will be synchronized. https://youtu.be/AyJevP9dttw?si=dDGRKEwl6-Jx6MYl

~~~~~~~~~~

Global Financial Crisis:

Sun. 4 Aug. 2024 Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’ – Markets and Prices Bitcoin News: https://news.bitcoin.com/robert-kiyosaki-declares-market-crash-has-arrived-losses-are-substantial/

Sun. 4 Aug. 2024: Iran Backs Russia on BRICS Single Currency Initiative. News Bytes Bitcoin News: https://news.bitcoin.com/iran-backs-russia-on-brics-single-currency-initiative/

Sun. 4 Aug. 2024 Goldman Sachs and Ballast are set to surrender 82 apartment buildings in San Francisco to lender Royal Bank of Canada, per Triple Net Investor. They recently defaulted on loans totaling $687.5M  The apartments were purchased between 2017 and 2020 for $704M ($587K per unit). https://x.com/unusual_whales/status/1820097609127940507?t=B9altZWsLZtac8QMtgaBIA&s=19

The market crash in Japan on Friday may have triggered an earthquake under the global financial systems, house of cards. The VIX volatility index spite by nearly 26% on Friday. It will be interesting to see what happens to the Japanese yen and the Tokyo Nikkei Stock Index beginning Sun. night US time. Japan’s largest bank (MUFG) is down 21%, this is the 9th largest bank in the world.

Sun. 4 Aug. 2024: A new indicator is suggesting that the United States is heading towards another recession. In July, the number of people who have been unemployed for the long term—defined as being without a job for 27 weeks or more—increased by 27.4% compared to the same time last year. This joins worsening indicators like the PMI (manufacturing), new Housing Starts, Business Bankruptcies, CRE (Commercial Real Estate), Bank Stress Tests, and more. This rise in long-term unemployment marks the seventh consecutive month of increases, signaling a potentially troubling trend in the labor market. Historically, such significant and sustained increases in long-term unemployment have been seen only during periods of economic recession. …GCR Real Time News on Telegram

Read full post here:  https://dinarchronicles.com/2024/08/05/restored-republic-via-a-gcr-update-as-of-august-5-2024/

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

Jeff  Iraq just competed their 5 year development plan...That's basically the reform plan...They completed the reform plan, that's a required step for their accession to the World Trade.

Militia Man  Here's some fun... Article: "Four Arab currencies top the list of the strongest in the world.  Is the Iraq dinar among them?"  Why in the world would you bring up the Iraqi dinar when it's at 1310?  Why would you say that?  Everybody and their brother knows around the world that it's lousy.  It's terrible.

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

Major News: World Bank & BP's Big Moves in Iraq!

Edu Matrix:  8-4-2024

https://www.youtube.com/watch?v=cM8V2H0AJpw

Seeds of Wisdom RV and Economic Updates Monday AM 8-5-24

Good Morning Dinar Recaps,

Warren Buffett and Berkshire Hathaway now own 4% of all T-Bills issued to the public…

Buffett has ~$277 Billion.
The Fed has $195 Billion.

Warren Buffett is now a larger holder of US Treasury Bills than the Federal Reserve.

@ Newshounds News™

Read more:  Twitter

~~~~~~~~~

JUST IN: 🇺🇸 The Strategic #Bitcoin Reserve bill has been officially introduced.

@ Newshounds News™

Read more:  Bitcoin Magazine,  Congress-Gov  

~~~~~~~~~

So if it’s subject to REGULATORY APPROVAL and it’s supposed to come out in Q4 this YEAR, then REGULATIONS are COMING OUT before THEN.

@ Newshounds News™

Twitter

THIS IS AN OPINION PIECE BUT WORTH CONSIDERING

~~~~~~~~~

US Stocks tanking. Japanese stocks tanking. Cryptos tanking

@ Newshounds News™

Twitter

Newshound's Daily Breakdown Podcast Link

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

Zimbabwe Gold ZiG Currency is Bringing Humanity Closer to the GCR

Zimbabwe Gold ZiG Currency is Bringing Humanity Closer to the GCR

On August 1, 2024  By Awake-In-3D

How the Zimbabwe Gold ZiG is Reshaping the Future Global Currency System Today

The resurgence of gold as a global currency is becoming a reality, with Zimbabwe leading the way. The introduction of the Zimbabwe Gold ZiG currency has sparked significant interest and marked a seminal shift in the global financial landscape.

Zimbabwe’s approach provides a glimpse into humanity’s promising financial future.

In This Article:

• What is the Zimbabwe Gold ZiG?

• Is the Zimbabwe Gold ZiG Currency Being Used?

• How has the ZiG helped Zimbabwe’s Economy?

• Will the Gold ZiG Replace the US Dollar in Zimbabwe?

• Is the Zimbabwe Gold ZiG a Part of a GCR?

What is the Zimbabwe Gold ZiG?

The Zimbabwe Gold currency, or ZiG, launched in April 2024, is a gold-backed currency designed to replace the depreciated Zimbabwean dollar.

The ZiG is backed by foreign exchange reserves and precious metals, providing a stable and secure alternative to the previously volatile local currency.

This marks Zimbabwe’s sixth attempt to establish a reliable currency in the past 15 years.

Is the Zimbabwe Gold ZiG Currency Being Used?

Since its introduction, the adoption of the ZiG has been remarkable. Zimbabwean Central Bank Governor John Mushayawanha reported that the usage of ZiG has doubled, now representing 30% of all transactions in the country.

This rapid increase in acceptance indicates growing confidence among Zimbabweans in the new currency’s stability and value.

How has the ZiG helped Zimbabwe’s Economy?

The introduction of the ZiG has had a stabilizing effect on Zimbabwe’s economy. The gold-backed currency has helped to curb inflation and restore some confidence in the national monetary system.

Previously, hyperinflation and a depreciating local currency plagued the economy, but the ZiG’s success suggests a turning point.

The use of gold coins in 2022 laid the foundation for this success, proving effective in managing liquidity and preserving value.

Will the Gold ZiG Replace the US Dollar in Zimbabwe?

The Zimbabwean government has ambitious plans for the ZiG to become the sole legal tender by 2030.

Finance Minister Mthuli Ncube has introduced measures to increase demand for the ZiG, including requiring government departments to accept payments in the local currency.

President Emmerson Mnangagwa has indicated that the transition could be completed as early as 2026, aiming to reduce reliance on the US dollar.

Is the Zimbabwe Gold ZiG a Part of a GCR?

The ZiG’s introduction is seen as a significant step towards a Global Currency Reset (GCR), where gold re-emerges as the foundation for a fair and sovereign financial system open to all of humanity.

The success of the ZiG will lead other nations to adopt gold-backed currencies, fostering a more secure and equitable global economy.

The GCR envisions a future where gold and other real assets underpin global financial systems, reducing the debt, volatility and uncertainty associated with fiat currencies.

The Bottom Line

Zimbabwe’s introduction of the ZiG currency marks a pivotal moment in the global financial landscape. By embracing a gold-backed currency,

Zimbabwe is not only stabilizing its own economy but also paving the way for a broader global currency reset.

Zimbabwe’s success with the ZiG will bring a new era of financial stability and prosperity, driven by the strong properties and value of gold.

Contributing Source: https://eurasiabusinessnews.com/2024/07/29/in-zimbabwe-the-use-of-gold-backed-currency-zig-grows/

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

© 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

More News, Rumors and Opinions Sunday PM 8-4-2024

KTFA:

Clare:  WTO

@wto

Members welcomed on 18 July the resumption of #Iraq's accession process after a 16-year hiatus, commending Iraq for its renewed political commitment & engagement. Iraq reaffirmed its pledge to join the WTO, highlighting significant domestic reforms. More: http://bit.ly/3LCyu9e

https://x.com/wto/status/18196.....0213436553

(CLICK THE LINK TO WATCH THE VIDEO)

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

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

8/3/2024

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.

The 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

AZPatriot:  Why does this sound bad IMO??? I think President Reagan said is best of the 9 most feared words to Americans, "I'm from the government and I'm here to help"!

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

Militia Man  'The Theft of The Century'...It's a big deal.  It's in the forefront again...They're going to claw back a lot of money.  A LOT of money.  Why is that important to you and I?  If they claw back a lot of money it all goes back to the treasury.  Tens of billions of dinars or multiple billions of dollars.  It's all clawed back from people that stole their money from the citizens...We'd have to pay out on that [988 billion dinars] if they were able to keep them...Finding this stuff is amazing.  It's really good for the country...citizens and it's really good for you and I...

Frank26  You have to start getting ready for when they give you the new exchange rate...You know what's coming...I'm not saying I'm leaving but I'm saying there's going to be a major change very soon...Things are going to change dramatically very soon.

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US ECONOMY RED FLAGS: Unemployment Rises, Warren Buffet Stockpiles Cash, National Debt Surges

Lena Petrova:  8-4-2024

https://www.youtube.com/watch?v=nHJhZxyq0QU

LIVE! SPECIAL REPORT... MMRI FREEFALL.

Greg  Mannarino:  8-4-2024

https://www.youtube.com/watch?v=Ap5klwNenYA