“Tidbits From TNT” Thursday Morning 8-15-2024

TNT:

Tishwash:  With an increase in recent months.. Iraq's internal debt exceeds 78 trillion dinars - Urgent

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that Iraq's internal debt exceeds 78 trillion dinars, with an increase in recent months.

Saleh said in a statement to (Al-Rabia) that "Iraq's move towards borrowing from the domestic banking market to finance two waves of the general budget deficit came under the influence of the decline in the oil assets cycle and in two different periods during the current decade. The first wave of borrowing, which amounted to nearly 27 trillion dinars, was financed by the government banking system through purchasing treasury transfers during the intensification of the security crisis (the entry of the terrorist ISIS) between the years 2014-2017."

He added that "the International Monetary Fund estimated at that time the current account deficit gap of the balance of payments due to the decline in oil prices to be no less than 18 billion dollars cumulatively during those years, and the second wave occurred between the years 2020 and 2021, that is, during the health crisis with the spread of Corona and the closure of the global economy, which was accompanied by a decline in oil prices and a decline in budget revenues and the loss of more than 40% of the value of the oil barrel

While the legislation of the general budget law for the fiscal year 2020 was absent and was replaced by three legislations to finance the deficit, two of which were for direct domestic borrowing and two separate laws issued by the House of Representatives, that by heading towards the domestic borrowing market and the other is the Food Security and Development Law, and an important aspect of it was based on domestic borrowing as well, which raised the level of domestic debt to exceed the barrier of 78 trillion dinars."  link

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Harambe:  Telegram: A major cyberattack has targeted the Central Bank of Iran (CBI) and several other banks …

Telegram Link

A major cyberattack has targeted the Central Bank of Iran (CBI) and several other banks, leading to widespread disruptions in the country’s banking system. Initial assessments indicate this could be one of the largest cyberattacks ever against Iranian state infrastructure.

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Harambe:  Cyberattack targets Central Bank of Iran 

#BREAKING A major cyberattack has targeted the Central Bank of Iran (CBI) and several other banks, leading to widespread disruptions in the country’s banking system, @IranIntl has learned. Initial assessments indicate this could be one of the largest cyberattacks ever against… Show more

https://m.jpost.com/breaking-news/article-814715

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Masoud Barzani calls for national wealth and wants to preserve it, but what is the story of the “committees of commitment”?

Today, Wednesday (August 14, 2024), the leader of the Coordination Framework, Saad Al-Saadi, revealed the results of the agreement between the framework and the leader of the Kurdistan Democratic Party, Masoud Barzani, regarding the oil smuggling file.

Al-Saadi told Baghdad Today, "Smuggling natural resources, including oil, in any country represents a drain on the economy, destruction of infrastructure, and loss of the rights of the people of all stripes. Therefore, the smuggling file must be stopped." 

He added, "During the visit of the President of the Kurdistan Democratic Party, Masoud Barzani, to the capital, Baghdad, and his meeting with the leaders of the framework, the issue of natural resources was actually raised within a broad agreement to preserve them as a national wealth."

He continued: "It was agreed to form committees whose mission is to oblige all parties to abide by the decisions of the Federal Court on the oil and gas file, in addition to the rest of the other agreements with Baghdad," adding: "We hope at the same time that there will be seriousness and credibility on the part of our brothers in the region in implementing the terms of the agreement." 

He pointed out that "the management of oil and other wealth by the central government and its institutions is within the context of the Iraqi constitution, and this will must be respected and adhered to because it will address many problems and provide greater protection for the national wealth."

The visit of the leader of the Kurdistan Democratic Party, Massoud Barzani, to Baghdad attracted attention because it came after six years of "estrangement" with the ruling political class in Iraq, which suggests that a remarkable development has occurred in the relationship between the Kurdistan Region and the central government.

Political circles believe that the aim of the visit is to crown the partial understandings that occurred recently and covered several files with a comprehensive settlement between the region and the centre.

Barzani's presence as a prominent Kurdish figure aims to lend legitimacy to the settlement and raise its value so that it appears to be an important event and not just a passing meeting, which is what the central government needs to confirm its ability to bring the region's leaders to its square, while the settlement reduces internal pressures on the region's officials, especially if he succeeds in ensuring smooth and continuous payment of salaries.  link

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Tishwash:  Parliamentary Finance Committee discusses with US Embassy the financial and banking system and the lack of dollars in the market

The Parliamentary Finance Committee confirmed, today, Tuesday, discussing the financial and banking system and the lack of the dollar in the Iraqi market with a delegation from the US Embassy in Baghdad.

A statement by the Parliament's media department received by / Today's News / stated that "the head of the Parliamentary Finance Committee, Atwan Al-Atwani, received at the committee headquarters, in the presence of Representative Khalil Al-Dawski, today, Wednesday, a delegation from the US Embassy in Baghdad, Minister Counselor for Economic and Trade Affairs Julie Jules, Deputy Counselor for Economic and Trade Affairs Angel Fintling, Macroeconomic Officer, Economic and Financial Section Michael Pinnell, and Economic Assistant/Economic Section, to discuss the financial and banking system in the country, Ammar Al-Ammar."

The statement continued, "The meeting discussed the financial and economic situation in the country and the repercussions of the parallel market issue and its negative impact on the government economically, in addition to the lack of the dollar currency in the market, and the sanctions imposed on some banks, as well as the issue of the electronic platform for exporting the currency."

The head of the committee stressed "the importance of high coordination between the two sides in order to solve the pending financial problems, in addition to the importance of transparent dealing to benefit from the capabilities, and not resorting to dealing in another currency," noting "the need to create an atmosphere of understanding and invest in building bilateral relations on this basis."

Al-Atwani stressed "the committee's keenness to commit to combating financial corruption and confronting money laundering, as they are the basis for building societies, in addition to coordination in order to make correct decisions in this regard."

For her part, the Minister Advisor for Economic and Trade Affairs said that "there is a real opportunity for cooperation and reform of the economic and financial system between the two sides," stressing "working together to find appropriate solutions to all problems for the stability of Iraq as a basic ally of the United States."

The statement noted "providing clarification on the three-year general budget and plans for banking regulation and reform of the spending process, and how to finance projects, in addition to the importance of supporting the private sector and involving it with the public sector, which confirms the importance of investing the revenues achieved and the possibility of providing the service."
According to the statement, Al-Atwani pointed out the "ambition to legislate a law on partnership between the public and private sectors and involve the private sector in the market, in addition to working to amend the tax law and shift from the paper system to the electronic system."  link

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Mot: . All Too Soooon 

Mot:  Just Letting Yous Know!!!! 

Economist’s “News and Views” Wednesday 8-14-2024

US Debt Collapse Will Destroy Dollar | Craig Hemke

Liberty and Finance:  8-13-2024

Craig Hemke emphasizes the growing national debt, noting a recent $243.7 billion deficit in July alone and a projected $1.9 trillion deficit for the fiscal year.

 He highlights the risk of worsening inflation due to increasing debt and monetary policies. Hemke recommends precious metals, such as gold, as a reliable hedge against these financial pressures and inflation. He stresses that owning physical gold can preserve purchasing power and provide safety amid rising debt and economic uncertainty.

INTERVIEW TIMELINE:

0:00 Intro

1:40 Gold update

 4:03 COT Report

 6:20 Silver update

9:51 Acquisitions

 13:19 Recession concerns

16:46 Keynsian experiment

https://www.youtube.com/watch?v=_LxuoOe4LgQ

The Yield Curve is Un-Inverting (Stocks Crash Every Time)

Heresy Financial:  8-14-2024

TIMECODES

0:00 Intro

0:34 the Yield Curve is Currently Inverted

 1:51 This Typically Indicates a Recession

4:13 There's 2 Types of UnInverting Yield Curves

6:38 Looking at All Treasury Bonds

8:24 Bull vs Bear Steepener

12:26 How Yield Curves Correlate to Stocks

 14:58 It Pays to Be Prepared

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

Matter Of Time Bubble Implodes; What The Next Financial Crisis Looks Like | Diego Parrilla

David Lin:  8-14-2024

Diego Parrilla, CIO of Quadriga Asset Managers, discusses how governments respond to crises, and the "anti-bubble" assets that would counteract the downside risks of the next financial bubble implosion.

0:00 - Intro

0:45 - Is the market top in?

2:35 - Recession risks

5:20 - Liquidity

8:15 - Fed rate cut

12:00 – Inflation

 19:25 - Money velocity

20:35 - Dollar strength

25:11 - Bubble and anti-bubbles

https://www.youtube.com/watch?v=Q1bMwbUDp9g

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 8-14-24

Good Afternoon Dinar Recaps,

NON-MARKET ECONOMY STATUS FOR VIETNAM:  'opportunities amid danger'

RECENTLY THE US COMMERCE DEPT REFUSED TO RECOGNIZE VIETNAM AS A "MARKET ECONOMY". THIS ARTICLE FROM A VIETNAMESE NEWSPAPER REVEALS THE REASONS BEHIND THIS STATUS

"The US Department of Commerce's decision to continue classifying Vietnam as a non-market economy was disappointing news. However, this gives Vietnam the chance to accelerate reform towards a market economy."

"This is the driving force for the Ministry of Industry and Trade (MOIT) to implement the commitment that it will research and analyze the US Department of Commerce’s (DOC) report about Vietnam’s economy, to supplement and complete arguments before submitting dossiers to DOC on granting market economy status, a step to concretize the Vietnam-US comprehensive strategic partnership."

"After doi moi (renovation), Vietnam has been consistent in carrying out a reform to turn the single-sectoral economy into multi-sectoral economy. The economy has been liberated from the state’s strict and rigid control, while people have freedom to trade and do business.

In addition, Vietnam has signed 16 new-generation FTAs (free trade agreements), becoming one of the most open economies in the world."

"Thanks to economic reform, Vietnam has become an example in hunger elimination and poverty reduction, with the hunger and poverty rate falling from nearly 60 percent in early 1990s to 3 percent now. Private domestic invested enterprises with official registrations have been growing steadfastly. "

"Vietnam has finished the underdevelopment period, becoming an average income country with a dynamic market economy which is integrating deeply into the global economy."

"There is no doubt that the reforms and considerable progress in recent years are why 73 economies have recognized Vietnam as a market economy."

"Economic Freedom of the World Index by Canadian Frazer Institute released late last year showed that Vietnam ranked 106th among 165 countries and territories. The position represented a four-grade promotion compared with the year before, a relatively big improvement compared with other regional countries."

"After 40 years of doi moi, Vietnam’s economy is still undergoing the transition with some shortcomings as follows:

1. First, the pricing mechanism of some products, such as petroleum, electricity, airfare and healthcare services still bears administrative intervention.

2. Second, the protection of ownership and property rights still cannot be carried out thoroughly. In some places, land is recovered by the state at non-market prices.

3. Third, the state-owned economic sector still accounts for a large proportion of the national economy.

"A report of the World Bank shows that the state still participates in many economic activities through SOEs, while the land and capital allocation bear the impact of administrative commands rather than market conditions."

Costa Rica recognizes Vietnam as market economy

@ Newshounds News™

Source:  Vietnam Net

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INDIA's CENTRAL BANK: the impact of tokenized deposits, CBDC on deposit insurance

Yesterday during a speech, Reserve Bank of India (RBI) Deputy Governor MD Patra discussed how tokenized deposits and central bank digital currency (CBDC) might impact deposit insurance.

Tokenized deposits are a digital version of bank deposits using blockchain infrastructure to process programmable payments 24/7. In a digital world, they compete with stablecoins and CBDCs, although the design is quite different.

From a deposit insurance perspective, most tokenized deposit infrastructures aim to maintain the same deposit insurance coverage as a conventional bank deposit. However, Mr Patra noted that tokenization potentially can amplify bank runs in times of stress.

Hence, the risks posed by tokenized deposits need to be modelled to determine the insurance fund size and premium rates.

If there’s a bank failure, compensating clients might be less straightforward. “With different banks using different technologies there’s also the possibility that tokenised deposits could be held by depositors who are not KYC compliant and not clients of issuing banks,” said Mar Patra. “Consequently, verification of the authenticity and genuineness of claims may prove to be a testing challenge.”

Like the United States, India has a recent history of failing banks. In 2020 YES Bank started experiencing a run and the central bank took it over for a while. It restructured the bank with several other Indian banks taking equity stakes. Subsequently, YES Bank raised additional capital and is still operational today.

CBDC impact on deposit insurance
In an economy with a retail CBDC, if a bank fails, those with uninsured deposits will quickly try to transfer the money elsewhere. 

The advantage of a CBDC its low risk because it is the liability of the central bank. On the one hand, depositors could just transfer the money to another commercial bank. Alternatively, they could switch to a CBDC.

Hence, the Deputy Governor observed that “particularly uninsured deposits, (would be) more prone to withdrawal and hence the risk of bank runs. Given the inherent links between such systems and the objectives and operations of deposit insurers, it is expected that the topic of CBDC will continue to grow in relevance for deposit insurers.”

In other words, if CBDCs encourage bank runs, that makes a bank more likely to fail and hence there’s a higher probability of drawing down the insurance fund.

“The impact of CBDC on deposits and hence deposit insurance is largely unknown as of today,” said Mr Patra. “The operating models and design features of each individual jurisdiction’s CBDC will be a crucial factor in expanding our understanding of the balance of risks.”

@ Newshounds News™

Source:  Ledger Insights

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Canada needs to overhaul crypto regulations — Coinbase exec

The Canadian government has previously come under fire for undermining the economic freedom of its citizens and freezing crypto donations.

Coinbase country director for Canada Lucas Matheson took the stage at the Blockchain Futurist Conference on Aug. 13 to discuss the state of Canadian digital asset regulation and promote the newly expanded Stand With Crypto initiative.

Matheson argued that although Canada’s regulatory framework is already robust, the country still needs to modernize crypto regulation.

The director noted that 85% of countries will be adopting comprehensive regulatory frameworks for digital assets over the next year and urged the importance of public dialogue in educating public officials about the importance of cryptocurrencies. Coinbase’s Canadian director summed up the long-term goal for Stand With Crypto’s advocacy:

“Canada frankly has a lot of work to do to change laws, and the goal is to change laws in Canada so that we can increase economic freedom and update the financial system in Canada.”

Matheson concluded his presentation by directing audience members to sign up for the advocacy group.

Coinbase launches Stand With Crypto in Canada

Coinbase launched the Stand With Crypto initiative in Canada in July of 2024, following the success of the political advocacy group in the United States.

When the advocacy group launched, Matheson said that Canadian regulators tended to be much more cooperative with the industry than American regulators but noted that input from elected politicians was lacking.

Binance cited changes in stablecoin policy and investor limits outlined in the 2023 regulation as the main drivers for the company’s exit from the country.

@ Newshounds News™

Source:  Coin Telegraph

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BRICS should focus on creating seamless economic environment — Indian expert

Apart from economic integration, BRICS should also address "critical global challenges with a collaborative and proactive approach," Vice Chairman of BRICS Chamber of Commerce and Industry Sameep Shastri said

NEW DELHI, August 14. /TASS/. BRICS nations should focus on creating a seamless economic environment to expand trade, industrial and investment cooperation, Vice Chairman of BRICS Chamber of Commerce and Industry Sameep Shastri told TASS when commenting on the upcoming meeting of BRICS industry ministers in Russia’s Nizhny Novgorod on August 16.

"The BRICS ministerial meeting is an invaluable opportunity to strengthen the bonds between our member nations further and address key global challenges with a unified approach," he said. "We must focus on creating a seamless economic environment that fosters growth and innovation. 

This might involve harmonizing trade policies, facilitating cross-border investments, and addressing any trade imbalances that may exist," Shastri added.

Technological disparities among BRICS nations can hinder collaborative progress, the expert noted. "The meeting should address ways to bridge these gaps through joint research initiatives, technology transfer, and innovation partnerships.

Prioritizing advancements in fields such as artificial intelligence, cybersecurity, and clean technologies will be critical," he said.

Apart from economic integration, BRICS should also address "critical global challenges with a collaborative and proactive approach," the expert said. "BRICS needs to lead by example in setting ambitious sustainability targets and implementing actionable plans.

The meeting should also focus on strengthening global health systems ensuring that we are better prepared for future public health crises," he said.

Shastri believes that peace and security should be central to BRICS discussions. "With rising geopolitical tensions and the persistent threat of terrorism, BRICS must work collaboratively to develop strategies that promote global stability.

This includes enhancing counterterrorism efforts, supporting peacekeeping missions, and fostering diplomatic dialogue to resolve conflicts," he stressed.

@ Newshounds News™

Source:  TASS

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Top 10 Reasons We’re Now Facing a Global Financial System Crash

Top 10 Reasons We’re Now Facing a Global Financial System Crash

On August 13, 2024  By Awake-In-3D

The evidence is clear—You won’t believe how close we are to the largest collapse in history

We’re standing on the edge of an financial system crash, and may people don’t even realize it. Yet!

The signs are all around us—record government spending, mounting consumer debt, and major corporations hoarding cash like never before.

Even the world’s biggest economies, like the U.S., Japan, and Germany, are struggling to keep their heads above water.

This article breaks down the top 10 reasons why we’re facing what could be the worst financial crash in history.

I’m going to walk you through what’s happening, why it’s happening, and what it means for all of us.

In This Article

1. The Top 10 Reasons the Global Financial System Crash is on Our Doorstep

2. Government Spending: The Core of this Financial System Crash

3. Central Bank Policies Causing Unprecedented Market Distortions

4. Consumer Financial Behavior as a Warning Sign of the Approaching Financial System Crash

5. Global Economic Indicators Pointing to a Deepening Crisis

The global financial system is facing a financial system crash of unprecedented scale. With three of the five largest economies heading towards economic catastrophe, the risks are mounting.

The Top 10 Reasons the Global Financial System Crash is on Our Doorstep

Here’s a logical progression of the top 10 reasons we are in a global recession, followed by an economic depression and then the grand finale, a complete financial system crash:

1. Unsustainable Government Spending: U.S. government spending as a percentage of GDP is nearing historic levels, creating a precarious fiscal situation.

2. Skyrocketing Consumer Debt: U.S. credit card debt has reached record highs, with interest rates at unprecedented levels, mirroring unsustainable government financial practices.

3. Distorted Central Bank Policies: The Bank of Japan’s excessive ownership of ETFs and government bonds has caused significant market distortions, leading to instability.

4. Massive Insider Stock Sales: U.S. executives are selling off stocks at the fastest pace in over a decade, signaling a lack of confidence in the markets.

5. Surging Cash Holdings by Corporations: Companies like Berkshire Hathaway are hoarding cash, indicating a lack of confidence in the economy and anticipation of a downturn.

6. Persistent Manufacturing Recession: The U.S. manufacturing sector has been in recession for an extended period, signaling broader economic warning signs.

7. Extended Recession in Major Economies: Germany has been in recession for over two years, reflecting broader global economic fragility.

8. Declining Unemployment Claims Participation: A low percentage of unemployed Americans filing for benefits suggests the official data is understating the true level of economic distress.

9. Long-term Devaluation of Fiat Currencies: The U.S. dollar and other major currencies have lost significant value against gold, indicating long-term economic instability.

10. Rising Public and Household Debt: U.S. public and household debt levels have reached all-time highs, creating the potential for a systemic financial crisis.

Government Spending: The Core of this Financial System Crash

U.S. government spending has reached levels not seen since World War II. At 43% of GDP, it is just 1% below the peak during the Great Financial Crisis.

These unsustainable spending habits are breaking the economy, setting the stage for severe financial turmoil.

Japan faces its own challenges. The Bank of Japan’s extensive intervention in the economy, owning about 80% of the country’s ETFs and 55% of its government bonds, has caused significant market distortions.

The recent rate hikes by the Bank of Japan have already triggered a 12% drop in the Nikkei 225, underscoring the instability.

Central Bank Policies Causing Unprecedented Market Distortions

Central banks, particularly the Bank of Japan, have been heavily involved in the financial markets, creating artificial support that cannot be sustained indefinitely.

The consequences are now becoming apparent, with volatile markets and a loss of confidence among investors.

The Bank of Japan’s recent actions indicate that even the slightest change in policy can have dramatic effects, as seen with the substantial decline in the Nikkei 225.

Consumer Financial Behavior as a Warning Sign of the Approaching Financial System Crash

Consumer debt in the U.S. has skyrocketed, with credit card debt hitting a record $1.14 trillion in the second quarter of 2024. Interest rates have also reached an all-time high of 22.76%, mirroring the reckless financial practices of the government.

This growing debt burden is pushing consumers closer to financial collapse.

Corporate behavior is also flashing red warning signs. Berkshire Hathaway, one of the largest and most successful corporations, has increased its cash reserves to 25% of its total assets, the highest level since 2005.

This massive cash hoarding indicates a lack of confidence in the current economic environment and suggests that major corporations are bracing for a severe downturn.

Global Economic Indicators Pointing to a Deepening Crisis

Germany, one of the world’s largest economies, has been in recession for over two years, with its GDP contracting in five of the last nine quarters.

This prolonged economic decline signals a broader global economic fragility, which could trigger a domino effect across other major economies.

Insider stock sales in the U.S. have reached their highest levels in over a decade, particularly among executives in tech giants like Nvidia. This rapid sell-off indicates that those closest to the markets are preparing for a downturn, further fueling fears of an imminent crisis.

The long-term devaluation of fiat currencies, particularly the U.S. dollar, adds another layer of risk to the global financial system.

The U.S. dollar has lost 98.5% of its value against gold since 1971, with other major currencies like the Euro and Yen experiencing similar declines.

This loss of purchasing power is eroding trust in fiat currencies, pushing investors towards alternative assets.

The Bottom Line

The interconnected nature of global economies means that the problems facing the U.S., Japan, and Germany are not isolated.

With government spending spiraling out of control, distorted central bank policies, rising consumer and corporate debt, and prolonged recessions in major economies, the world is on the brink of an unprecedented financial crisis.

Contributing Article: https://www.businessinsider.com/recession-fears-fueling-stock-market-crash-wall-street-chaos-positive-2024-8?op=1

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© GCR Real-Time News

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

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

Follow me on Twitter: @Real_AwakeIn3D

News, Rumors and Opinions Wednesday AM 8-14-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 14 Aug. 2024

Compiled Wed. 14 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 13 Aug. 2024 Mike Bara: “I have been given a date of Wed. 21 Aug. for the revaluation of the Iraqi dinar. The bond holder remains excited about the possibility he will get paid today.”

Tues. 13 Aug. 2024 Idaho now has it’s own gold-and-silver depository. Its owner says it can hold more than Fort Knox https://www.idahostatesman.com/news/business/article290989570.html

Tues. 13 Aug. “ A Banker indicated that many positive items are pointing to Thurs. 15 Aug. 2024.”

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Tues. 13 Aug. 2024 Bruce:

Last night we were told we were in a 7 day window from Wed. 14 to Wed. 21

Today there was a conference call between paymasters at Wells and the CBI.

The 19 currencies on the screen were slow blinking. One currency went down (the USN) that was no longer the fed – meaning we were about to start.

The USN was part of NESARA – debt forgiveness that started Sun. 11 Aug. It is zeroing out all mortgages over a ten day process ending Sat. 10 Aug.

Credit card forgiveness will be wiped out by Sat. 31 Aug.

Farm claims began to be paid out 8 Aug. Black farmers were paid out first.

Exchanges were to start Mon. 19 Aug.

We would be notified over the weekend.

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Mon. 12 Aug. 2024 Foreign Currency Exchange and Zim Bond Redemption … John F. Kennedy on Telegram:

Bond funds delivered to paymasters coming in so fast that everyone was in awe from the amount.

Private appointments are being made now.

Get your plans/projects together and don’t wait around for this to happen without being ready.

No straight cash will be given

You are in charge of your funds and can place funds in different accounts

Advisers will be there to assist you with your funds and will help guide you in your projects or choosing one on the list.

Everything is going well, still some that do not want this to happen, but all is safe.

You can take to your appointment: advisors/bank contacts (if you have already spoken to a specific person)/ friend/any person/s you want to assist you

Zim Cap information is changing daily but as of now they are paying as follows:
No Projects = $15 million no matter amount you might hold
With Projects  = First two bond notes are 1 to 1, after this $25 million (per 100T) up to 30 bond notes. To negotiate further, you will need to return.

Safe link 800# will be released closer to go date.

Rates are EXTREMELY high.

We are almost at the end of the road.

All intel is saying “Next Week.”

A trusted military intelligence contact confirmed that GCR Liquidity release began at exactly 3:00 PM PDT on Wed. 7 Aug. 2024 and would unfold over the next 72 hours. “The Sovereign Committee and US federal government have just approved T4A and B payments – this has started Reno, Miami, and other East Coast states.”

Sources said the delays in setting Tier4b appointments (which were to be made starting Sat. 10 Aug. – didn’t happen.) were from making sure the QFS system and all the test clients were done perfectly so they can see their funds in their accounts (or hold SKRs) but would not be able to use these funds until the shotgun start has started.

The new currency rates were traded on the Forex till Sunday 11 Aug. at 5pm.

Over 1500 Farm Claims have been paid out.

Prosperity Packages National Guard deliveries started on Fri. 9 Aug.

Mid-September was anticipated to be a period of substantial activity of significant financial movement.

Read full post here:  https://dinarchronicles.com/2024/08/14/restored-republic-via-a-gcr-update-as-of-august-14-2024/

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:
CBI spokesman on television talking about the advantages and the different types of floating our currency is going to go through.  He said there are two types of float.  Free float and managed float.  FRANK: ...You are in the monetary reform phase that is educating you on your new currency...new exchange rate...lower notes.  This campaign is pounding the information about the next step of the monetary reform...Why are you floating your currency?  Because they're adding value to it...Be ready at any moment

Walkingstick   [Iraqi Bank friend Aki in Michigan]   Question presented to Aki - Concerning the statement that was made by a representative of the WTO [about Iraq launching a fully convertible currency in October - See Frank26 post below]?  AKI:  I didn't hear anything about October... WALKINGSTICK:  I would call it scuttlebutt because the interpreter was telling me that he says he's not sure about that...but he knows there are rumors out there about when this is going to happen.  AKI:  I did hear about the WTO guy.  Maybe he's talking about a new currency that would be convertible prior to October but there is no mention at the banks about October being the date.  If anything I have heard it is before that.

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Ep 3425a - The [CB] Will Not Be Able To Weather The Economic Storm That Is Approaching

X22 Report:  8-13-2024

The debt level has grown to an unsustainable level for the people, as time goes the people will not be able to survive. The system is breaking apart and no matter what the Biden admin does it will fail. The [CB] will not be able to handle the economic storm that his approaching.

https://www.youtube.com/watch?v=xa7O9C28mC0

Economy And The Markets. WHAT IS ABOUT TO HAPPEN WILL BLOW YOUR MIND!

Greg Mannarino:  8-13-2024

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

“Tidbits From TNT” Wednesday Morning 8-14-2024

TNT:

Tishwash:  Al-Sudani visits London to sign agreements

The British Ambassador to Iraq, Stephen Hitchcock, revealed that Prime Minister Mohammed Shia al-Sudani will visit London to sign some agreements between the two countries.

We want to expand the relationship from the cornerstone, to trade, combating climate change and drugs, and I think Mohammed Shia al-Sudani wants the same thing, and God willing in the coming months he will visit London, and we will sign some agreements," Stephen Hitchens said in a press statement.

He added, "This period of the Iraqi Kingdom and the British Mandate, during which there were things we are proud of, including the infrastructure, laws, museum and bridges, and there were things that were investments in the country."

The British ambassador stressed: "We do not have the same values ​​as our predecessors on this issue, and now we have entered a new period in the bilateral relationship, an equal partnership based on mutual respect."  link

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Tishwash:  Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company

The Iraq Stock Exchange announced today, Wednesday, the signing of a strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company.

A statement by the Iraqi Stock Exchange received by the Iraqi News Agency (INA) stated, "In a step aimed at developing and improving the investment environment in Iraq, and under the auspices of the Iraqi Securities Commission, the Iraq Stock Exchange signed a cooperation agreement with the Egyptian Company for Information Dissemination, after intensive discussions that lasted for more than six months." 

He added, "The agreement includes licensing, use and maintenance of the remote trading system for investors ( OMS ), broker management ( Back Office ), and portfolio management for investors, for a period of five years."

He added that "signing this agreement represents a qualitative shift in the development of the Iraqi stock market," indicating that "Iraq is committed to providing the latest technologies to investors, which contributes to enhancing confidence and attracting more investments to the Iraqi market."

For his part, the CEO of the Iraq Stock Exchange, Faisal Al-Haimus, pointed out, “The importance of this step, as the remote trading system is a vital addition to our ongoing efforts towards developing the market’s infrastructure. The system’s experience in the Egyptian Stock Exchange has proven its efficiency over the past five years, and we are excited to see its positive impact on our market.”

He pointed out that "the new system includes smart applications that aim to facilitate trading operations and improve the investor experience, which reflects the commitment of the parties concerned to developing the financial sector in Iraq and achieving sustainable growth."  link

***********

Tishwash:  The President of the Republic receives a message from his Chinese counterpart

President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at the Baghdad Palace, the Ambassador of the People's Republic of China to Iraq, Cui Wei, and received from him a message from Chinese President Xi Jinping, congratulating him on his birthday, wishing him success and guidance.

The Chinese President also stressed, according to a presidential statement, his great interest in developing relations with Iraq and his readiness to make joint efforts with President Rashid to continue deepening friendly cooperation and raise the Sino-Iraqi strategic partnership relations to higher levels.

The President of the Republic conveyed his sincere thanks and greetings to President Jinping for his generous feelings, praising the historical relations and bilateral cooperation between the two friendly countries.

During the meeting, the available potential to consolidate the growing relations between the two countries was emphasized, as President Rashid pointed to the need to expand the horizons of joint cooperation in the economic, technological and investment fields, especially the development of infrastructure and services, stressing Iraq's welcome of the diverse Chinese expertise to contribute to the development and growth of the industrial, agricultural and education sectors.

In turn, the Chinese Ambassador, Cui Wei, affirmed his country's commitment to strengthening its relations with Iraq in all fields.

The ambassador also reviewed the political, economic and industrial conditions in China, stressing that the recently held Communist Party meeting focused on strengthening reforms, improving production in all fields and opening up to countries of the world.

Media Department of the Presidency of the Republic  link

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

Tishwash:  From Iraq.. A missile attack targets an American base in eastern Syria

 On Tuesday evening (August 13, 2024), an American base in eastern Syria was subjected to a missile attack from western Iraq.

A field source told Russian media that "a missile attack targeted the vicinity of the American base in the Conoco gas field north of Deir Ezzor, eastern Syria."

He explained that "the bombing was carried out by a missile barrage from the desert in western Iraq, near the Syrian border."

This bombing comes about a week after the Ain al-Assad base, west of Anbar province, was subjected to a missile attack that resulted in the injury of a number of US forces working as advisors in the international coalition.  link

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

Mot: Me Too ""Earl"" -- Come on ole ""RV"" so we can!!!!

Mot: . Thanx Granny!! -- I'm with Ya!!!! 

Seeds of Wisdom RV and Economic Updates Late Tuesday Evening 8-13-24

Good Evening Dinar Recaps,

THESE QUOTES,RESEARCH, AND OPINIONS ARE FROM ASHELEY PROSPER ON X
DEFINITELY WORTH A READ!!

We keep telling you XRP is the one. But you just won't listen. Maybe some of these quotes will help you see the truth.
 
Brad Garlinghouse
"XRP is a bridge currency. We believe it has the potential to reduce liquidity costs and enable faster, lower-cost cross-border payments."

Christine Lagarde (President of the European Central Bank)
"Ripple is doing a lot of work in facilitating exchanges and making sure that there is no need for a central counterparty, but that we know exactly who is doing what and who is exchanging what."

JP Morgan
"If Ripple wins SEC lawsuit, XRP is poised for significant adoption."

Bank of America (2019 Report)
"Ripple’s technology is attractive for its ability to settle cross-border transactions almost instantly."

David Schwartz
"XRP was designed to be a better Bitcoin."

World Economic Forum
"Ripple’s XRP is one of the most scalable and efficient digital assets available for cross-border payments."

Jesse Lund (IBM)
"Ripple’s approach with XRP is interesting as it provides a digital asset that can settle in real-time across multiple networks."

SBI Holdings
"XRP has the potential to become the global standard in digital currencies for cross-border transactions."

Chris Larsen
"We’re working with regulators, we’re working with central banks. I think that’s an important part of our strategy."

Christine Lagarde
"Ripple has addressed many of the issues associated with cross-border payments, particularly around speed, transparency, and cost-efficiency."

American Express
"Ripple offers a compelling proposition in cross-border transactions, reducing settlement times from days to seconds."

Bank of America
"Ripple’s solution can potentially bring substantial cost efficiencies in our cross-border transactions."

Yoshitaka Kitao
"XRP is the most efficient, scalable digital asset for payments, and it plays a pivotal role in the development of new financial infrastructure."
 
Cathy Bessant (Bank of America)
"We’ve been in partnership with Ripple for a while. We’re testing and piloting the use of blockchain technology in different areas where we see the potential for immediate value."

Marc Andreessen (Andreessen Horowitz)
"Ripple’s approach to leveraging blockchain for the financial industry shows immense promise. The speed and efficiency gains are remarkable."

Digital Currency Group (DCG)
"Ripple’s innovative approach to cross-border payments is setting new standards in the financial industry, and XRP plays a crucial role in this evolution."

Amazon Web Services (AWS) - Ripple Case Study
"Ripple provides one frictionless experience to send money globally using the power of blockchain."

Ross Leckow (IMF)
"Ripple’s technology can help enhance financial inclusion and improve the efficiency of the global financial system."

Ripple and Apple’s Collaboration with Interledger Protocol (ILP)
"Apple’s integration of Interledger Protocol, which Ripple helped develop, shows the potential for broader adoption of blockchain technology in mainstream tech ecosystems."

Google Ventures
"Ripple’s vision of instant, secure, and low-cost global payments aligns with the future of financial services. XRP’s utility as a bridge currency is an integral part of that vision."

Santander Bank
"We are excited to leverage Ripple’s technology to provide our customers with faster, more secure international payments, allowing us to stay ahead in the rapidly evolving financial industry."

Microsoft’s Azure Blockchain Workbench
"Ripple’s integration with Microsoft’s Azure Blockchain Workbench enables businesses to send and receive cross-border payments with unprecedented speed and security."

Tom Jessop (President, Fidelity Digital Assets)
"We see Ripple and XRP as one of the more mature and viable digital assets in the market, with a clear use case in cross-border payments."

@ Newshounds News™

Source: Twitter

~~~~~~~~~

Big news from the Seeds of Wisdom team! We're expanding and reaching new heights, thanks to the incredible support of Nate (Mr Anonymous) to take this on to help our community. To share valuable insights with even more people, we're launching a YouTube series! 🎥

Our inaugural guest is the knowledgeable Bob Lock who will share his expertise on planning and currency. Get ready to learn and grow! 💡

Don't miss this opportunity to gain wisdom from the best!

📣 Listen: YouTube ----- Date and Time To Be Announced Soon

Please Like and Subscribe on YouTube

Bob Lock: Link 

Newshound's News Telegram Room Link

Q & A Classroom Link  

 All Rooms: Link 
 
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 Subscribe:Link

@ Newshounds News™

~~~~~~~~~

Superstate integrates Chainlink for tokenized treasury fund

Superstate, a blockchain-based asset management firm, has integrated Chainlink’s technology as it taps into the growing tokenization market.

The asset manager will leverage the Chainlink Data Feeds to bring net asset value data for its tokenized treasury fund on-chain. In the announcement Superstate stated it aims to enhance the composability of its Superstate Short Duration US Government Securities Fund by utilizing Chainlink’s technology.

The integration enables the firm to access crucial off-chain data, essential for market pricing, utility, and transparency.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

IOTA launches blockchain tool to simplify music rights management

IOTA has introduced a new blockchain-based tool aimed at simplifying music rights management in the film industry.

IOTA (IOTA), a distributed ledger focused on the exchange of value and data, has unveiled a blockchain-driven tool designed to transform the management of music rights in films, addressing what the project describes as a traditionally time-consuming process.

The new solution, developed under the European Blockchain Pre-Commercial Procurement initiative and funded by the European Commission, leverages distributed ledger technology to streamline negotiations and secure intellectual property rights more efficiently, according to an Aug. 12 blog announcement.

The core of IOTA’s latest solution is the Smart Contracts for Media system, which automates contracts between film producers and rights holders. These smart contracts are self-executing digital agreements, intended to reduce the time traditionally required for negotiations and payment processes.

IOTA claims its solution promises to “revolutionize the way intellectual property rights are handled,” enabling producers to select predefined contract templates, make real-time adjustments, and finalize terms digitally. Once agreed upon, the smart contracts are deployed on the IOTA Smart Contract Chain, ensuring the agreements are immutable.

The tool also incorporates non-fungible tokens (NTFs) to represent rights and obligations. These NFTs contain unique identifiers that link to detailed data stored off-chain using the InterPlanetary File System (IPFS), a decentralized storage solution.

@ Newshounds News™

Source:  Crypro News

~~~~~~~~~

Coinbase Urges SEC to 'Abandon' Its 'Irrational' DeFi Exchange Rule

The SEC’s move to regulate DEXs would make it functionally impossible for DeFi projects to exist in the United States, Coinbase wrote Monday.

Coinbase once again came out swinging Monday against the U.S. Securities and Exchange Commission (SEC’s) yearslong attempt to expand a bureaucratic definition of the word “exchange,” which if successful would bring the DeFi ecosystem firmly under the regulator’s purview.

In an eight-page comment submitted to the SEC on Monday, Coinbase Chief Legal Office Paul Grewal chastised the potential rule change as “arbitrary” and “irrational” in several respects, and urged the agency to “abandon its effort” to apply the proposed rule to decentralized exchanges (DEXs).

Fundamental to Coinbase’s argument against the change is the SEC’s continued refusal to concede that DEXs—which are run by automated, on-chain software (aka smart contracts) with little to no human management—are by definition incapable of complying with rules and standards designed for traditional securities exchanges like the New York Stock Exchange.

“DEXs cannot comply with registration and disclosure requirements designed for legacy financial exchanges managed by centralized companies,” Grewal wrote.

“And even if DEXs could somehow comply with existing registration and disclosure rules, the Commission does not explain how SEC-registered DEXs could facilitate the trading of digital assets.”

Because of these apparent tensions, Coinbase implied in its letter to the SEC today, the agency may well be attempting to outlaw DEXs implicitly, without saying so.

“The SEC benefits from robust engagement from the public and will review all comments submitted during the open comment period. Generally, we respond to comments received as part of the final rulemaking and not beforehand," an agency spokesperson told Decrypt following the initial publication of this story.

Coinbase further accused the SEC of failing to complete a proper cost-benefit analysis of the proposed rule change. That’s due to the fact that the regulator has only stated in blanket terms that it would regulate exchanges that deal in “crypto asset securities,” without defining which sorts of digital assets constitute securities and which do not.

The SEC’s longstanding refusal to draw such a line—between which cryptocurrencies it views as securities, and which it does not—remains one of the crypto industry’s greatest grievances with the agency. Insteading of putting forth such a framework, the SEC has opted to sue crypto projects it alleges constitute illegal securities offerings, one at a time.

The regulator has even, in recent months, appeared to flip-flop on its own views of certain crypto assets. For over a year, for example, the SEC reportedly secretly considered Ethereum to be a security. Then, in May, the agency abruptly changed course, approving the trade of spot Ethereum ETFs on Wall Street.

Because the SEC has not clearly defined which cryptocurrencies it considers to be securities, Coinbase wrote today, it cannot possibly have properly calculated an accurate cost-benefit analysis determining how much financial activity would fall under its purview if DEXs were regulated like securities exchanges.

“The SEC cannot rationally make these calculations without a single, stable view on which digital assets are subject to the securities laws,” Grewal wrote.

@ Newshounds News™

Read more:  Decrypt

~~~~~~~~~

The SEC has been going after numerous crypto companies for billions of dollars.  There was an article yesterday with negative comments on CFTC rules too.  Congress needs to get some of those bills passed that define what entity regulates what so America can catch up to other countries  regulating our new financial system.  Taking companies to court and fining them billions of dollars is just hindering our progress. 

I found these two bills that were introduced in the Senate two years ago but never passed.

Senate Bill S. 4760
Digital Commodities Consumer Protection Act of 2022 (DCCPA)
Introduced in Senate (08/03/2022)

To amend the Commodity Exchange Act to provide the Commodity Futures Trading Commission jurisdiction to oversee the spot digital commodity market, and for other purposes.

https://www.congress.gov/bill/117th-congress/senate-bill/4760/text

Senate Bill  S.5030
Digital Trading Clarity Act of 2022 (DTCA)
Introduced in Senate (09/29/2022)

This bill establishes a safe harbor from securities regulation for certain digital asset exchanges and intermediaries. This safe harbor applies if (1) such digital asset is not classified as a security by the Securities and Exchange Commission (SEC) or by a U.S. court; and (2) the exchange or intermediary complies with requirements regarding listings, customer protection, and disclosures.

If a digital asset is determined to be a security and otherwise meets these requirements, the exchange or intermediary has a two year period during which the SEC may not pursue specified enforcement activity against the exchange or intermediary.

https://www.congress.gov/bill/117th-congress/senate-bill/5030

@ Newshounds News™

~~~~~~~~~

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Can Elon Musk Save The US Dollar?

Can Elon Musk Save The US Dollar?

Notes From the Field By James Hickman / Simon Black  August 13, 2024

I was one of the millions of people listening to the live conversation last night between Elon Musk and Donald Trump.

And if you missed it, Trump was Trump. You pretty much know exactly what you’re getting with him, and there weren’t any major revelations.

Elon, on the other hand, came off as a genuinely concerned citizen who recognizes the problems facing the country and is exasperated why the people in charge aren’t implementing common sense solutions.

Honestly, I feel bad for the guy; Elon is blasted as a hard-core, right-wing nut job… and there are people who literally want to put him in prison because of his views.

But last night he said things like:

- “the legal system is supposed to be protecting the public from violent criminals”- “we want safe and clean cities”- “we want secure borders”- “we want sensible government spending”- “we want to restore both the perception and the reality of respect in the judicial system”- “I’m pro-environment, but I don’t think we should vilify the oil and gas industry”

These are clearly not radical values, and my guess is that most people in the country would probably agree with his values.

About an hour into the call, Elon outlined what he thinks would bring prosperity back to the United States:

1) “Solve government overspending”. He correctly explained that extreme government deficits create inflation… so if you want to really get inflation under control, you have to stop the spending.

In theory, this shouldn’t be hard.

The Treasury Department expects to collect nearly $5 trillion in tax revenue this Fiscal Year (which ends on September 30th). And $5 trillion is an absurd amount of money.

As recently as five years ago (FY2019), $5 trillion would have been enough to pay for ALL federal spending and still have a surplus of more than $500 billion to start paying down the debt.

So, if they had simply frozen spending in place at FY2019 levels, even after adjusting for inflation and higher interest rates, $5 trillion in tax revenue this year should still be sufficient to keep the national debt from growing any further. And that’s without making any significant cuts to government spending.

But spending has increased by nearly 50% in five years. Is the government 50% better? Do taxpayers receive 50% more service? Clearly not. They’ve just let spending spiral out of control with no commensurate benefit to the taxpayer.

2) Deregulate.

Elon’s second point was that a lot of regulations are destructive and make no sense. Volumes and volumes of rules hold back businesses from innovating, hold back citizens from being productive. And that’s what the country truly needs to be prosperous-- innovation and productivity.

And those were his two big points… and that if a government can do those two things, the future can be much brighter.

He’s right, and the math clearly supports this view.

Various Presidential administrations over time have increased, or decreased regulations. When there have been decreases in the number of regulations, US economic productivity tends to increase, and overall GDP growth rises. During periods of growing regulations (like right now), productivity wanes.

Higher productivity means that the economy grows faster. And a faster growing economy means more tax revenue for the government. Combined with spending constraints, this would leave plenty of money left over to pay down the debt… or simply set aside for a rainy day.

Imagine being able to obliterate a major threat to the nation, or shore up security to the power grid, or support an ally, without having to go into debt? It’s unimaginable given today’s national finances. But with real productivity growth and sensible spending, it’s absolutely a reality.

Failing to do BOTH of these things most likely results in a pretty bad outcome for the United States.

If the debt keeps spiraling out of control, and government regulators continue to constrain productivity, it’s extremely difficult to imagine the US dollar remaining the world’s primary reserve currency.

Continued deficit spending and a ballooning national debt will create even more inflation and cause foreign governments, central banks, and businesses to lose confidence in the dollar. It’s already happening… and one of the reasons why gold is hovering near its all-time high.

The US dollar’s global reserve status is one of America’s premier financial benefits. Losing it would be disastrous… and Elon’s approach is pretty much the only way to save it.

Will it happen?

To Read More:

https://www.schiffsovereign.com/trends/can-elon-musk-save-the-us-dollar-151290/

Death of the Fiat Currency Regime and the Rise of Gold & Silver as Sound Money

Death of the Fiat Currency Regime and the Rise of Gold & Silver as Sound Money

VRIC Media :  8-13-2024

Lynette Zang and Rafi Farber believe that a new sound money paradigm is approaching as out-of-control government debt worldwide, geopolitical uncertainty, and the devaluation of fiat currency rapidly accelerates.

The duo discuss how financial engineering and manipulation of the economy has distorted markets beyond recognition and how to prepare for the inevitable collapse of the illusion and return to reality.

00:00 Introduction

00:43 Gold's Strength in Market Selloff

10:22 Impact of Inflation

16:59 Era of Financial Manipulation

21:56 Distracting the Masses from Reality

25:46 Preparing for the Endgame

33:41 A New Monetary System?

 39:24 CBDCs and the Surveillance State

https://www.youtube.com/watch?v=fG2xjyMzqGI

More News, Rumors and Opinions Tuesday PM 8-13-2024

TNT:

Tishwash:  Foreign Exchange Service Provider Agents Working Procedures

Date: 8/12/2024

The Arbaeen of Imam Hussein (peace be upon him)... The Iraqi Day of Volunteer Work)

Licensed banks All approved electronic payment companies All approved exchange companies from categories (A) and (B)

M. Procedures for the work of agents of external transfer service providers

Greetings.. Based on the supervisory and supervisory role of this bank, and in order to regulate the work procedures of agents providing foreign remittance services in light of the rapid developments in the financial transfer service, and to limit its misuse for speculation purposes and benefiting from the exchange rate difference.

 It is decided that you will obtain valid residency and passports for non-Iraqis (foreigners) for the purpose of completing transfers, provided that these supporting documents represent the minimum requirements, and you can request any additional document if necessary.

To act accordingly. With appreciation.

I reply. Ammar Hamad Khalaf, Deputy Governor, Agency  link

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

Tishwash:  Al-Sudani confirms Iraq's commitment to protecting international coalition advisers and ending their mission

The media office of Prime Minister Mohammed Shia al-Sudani confirmed today, Tuesday, that the latter received, late on Monday night, a phone call from US Secretary of State Anthony Blinken, during which developments in the region and efforts to support regional and international stability were discussed.

A statement issued by the office stated that during the call, Al-Sudani renewed Iraq's principled position on the real reasons behind the destabilization, represented by the continued aggression on Gaza, stressing "the necessity for major countries and international organizations to play their full role in stopping the crimes committed against the Palestinian people, and to apply international laws on perpetrators of crimes against humanity to the aggressors and to stop this horrific brutality, in addition to preventing the violation of the sovereignty of the countries of the region."

Al-Sudani also stressed Iraq's commitment to preventing any directed action that would lead to a breach of security, or expose the advisors of the international coalition to fight ISIS present in Iraq to any danger, stressing the continuation of communication between the two sides in order to end the coalition's missions in Iraq, and move to bilateral security relations that serve the interests of enhancing security and stability.

For his part, the Foreign Minister reviewed the ongoing diplomatic efforts to stop the escalation, and the United States' commitment to continuing consultations with the Iraqi side on regional issues, and supporting the path to strengthening relations and cooperation between the two countries, according to the statement.

Secretary of State Antony Blinken spoke by phone with Iraqi Prime Minister Mohammed Shia al-Sudani on Monday evening, the US State Department said.

The ministry indicated that Blinken stressed again the importance of the Iraqi role in providing protection for the international coalition's military advisers from attacks by pro-Iranian militias.

The two sides agreed to continue mutual consultations on regional issues and to work to strengthen bilateral relations between the United States and Iraq, according to a statement by the US State Department.

US Secretary of State Antony Blinken is scheduled to arrive in the Middle East today and plans to visit Qatar, Egypt and Israel.

The visit comes amid tensions in the region, which is anticipating a dual Iranian attack with the Lebanese Hezbollah on Israel, in response to the assassination of the head of the Hamas political bureau, Ismail Haniyeh, in Tehran, and the killing of Fuad Shukr, a prominent Hezbollah leader, during an airstrike in the southern suburbs of Beirut.  link

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

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

Militia Man  Article: "Government signal: high export capacity boost currency value"  It's an education piece...Why is the country of Iraq and the financial advisers talking...?  Because the fact things are changing.  They want to make the people aware that there are things happening.  I believe give reassurances to why they're doing what they're doing.  If you're going to have a value change...people need to have a little bit of a warning...

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
We have another guy on TV talking about the WTO accession...He is saying the plan for Iraq to release a fully convertible currency is in October of this year.  FRANK:  The WTO guy needs to shut his mouth...You know very well what Sudani has promised you.  And you know very well it's coming...It's not the WTO's prerogative to tell the world this information.  The WTO is so desperate to get Iraq into the WTO so they can make money off of them...This guy is trying to spill the beans for his advantage.  All I know is that it is happening.

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

Iraq's Shift to Digital Currency

Nader:  8-13-2024

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

New Inflation Data May Have Just Changed Fed's Rate Cut Plan

George Gammon:  8-13-2024

https://www.youtube.com/watch?v=rl0BHe-uzPc

Economist’s “News and Views” Tuesday 8-13-2024

Banks Are Closing Branches Faster Than EVER!

Atlantis Report:  8-12-2024

The banking industry has changed significantly in recent years, affecting how we interact with financial institutions.

The familiar sight of bank branches in cities and suburban areas is quickly disappearing. Major banks like Wells Fargo, Bank of America, and JP Morgan Chase are closing their physical locations at an unprecedented rate.

This leaves many customers bewildered and concerned about the future of banking.

Major banks like Wells Fargo, Bank of America, and Chase have all announced significant closures. For instance, Wells Fargo recently closed 30 branches in just one week, contributing to the growing concern among customers who rely on these physical locations.

https://www.youtube.com/watch?v=Ri1gkQNjk3g

LIVE! The US ECONOMIC MELTDOWN IS WORSENING MUCH FASTER THAN WE THOUGHT.

Greg Mannarino:  8-12-2024

https://www.youtube.com/watch?v=zdW-DX1PcLU

UK Economy Declared “Broke & Broken” As Russian Airspace Ban Hits British Airlines Hard

Sean Foo:  8-13-2024

In a shocking admission, the new Labour government itself has declared the UK is broke and broken. This shows how dire the situation is and we must understand the difficult balancing act the UK is in.

We must also talk about the Russian airspace ban and how sanctions on Russia has backfired on British airline giants.

Timestamps & Chapters:

0:00 UK Financially Broke & Broken

 2:40 Britain's Big Debt Trap

 5:15 Escaping Economic Stagnation

 8:04 Painful Russian Airspace Ban

10:51 No BREXIT Reversal

https://www.youtube.com/watch?v=sUwdZOBB9Ws

“Tidbits From TNT” Tuesday 8-13-2024

TNT:

Tishwash:  500 electronic payment cards used to transfer money outside Iraq were seized and their holders were arrested in Baghdad

The Intelligence Agency announced the seizure of 500 electronic payment cards used to transfer money outside Iraq and the arrest of their holders in Baghdad.

The agency stated in a statement received by (Today News), that "its detachments specialized in combating organized crime in Baghdad/Karkh monitored information indicating the existence of an illegal network that transfers money outside Iraq through electronic payment cards."

It added, "Immediately, an intelligence team was formed and the locations of the accused were identified, where the place was raided and the accused, numbering (6), were arrested with (500) electronic payment cards in their possession that they use to transfer money outside Iraq illegally."
It indicated that "a light weapon (2 pistols and 2 rifles) and other materials used in transferring money were seized."

It continued, "This operation came after obtaining the necessary judicial approvals, and the accused were referred to the competent investigative authorities to receive their just punishment."  link

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

Nearly 200 billion dinars in "fines" from the Central Bank of Iraq on banks and exchange companies

The Central Bank of Iraq announced on Tuesday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 181 billion Iraqi dinars during the past six months.

A table of the bank, which Shafaq News Agency has reviewed, showed that "the fines imposed on banks and financial companies during the past six months, starting from January until the end of last June, amounted to 181 billion, 842 million, 854 thousand, and 458 dinars," indicating that "the fines also included 151 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods."

The table showed that "January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, and 62 dinars, with 17 administrative penalties, while June witnessed the lowest fines, reaching 2 billion, 829 million, 157 thousand, and 288 dinars, with 30 administrative penalties."

The table did not show the names of the banks that were fined and subjected to administrative penalties.

The Iraqi Stock Exchange Investors Association had criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.  link

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

Washington orders the acceleration of the arrival of one of its aircraft carriers in the Middle East

 Erbil (Kurdistan 24)- US Defense Secretary Lloyd Austin has ordered the aircraft carrier USS Abraham Lincoln to "expedite its arrival" to the Middle East, the Pentagon announced on Sunday, as military escalation threatens the entire region amid the war between Israel and Hamas in the Gaza Strip.

Pentagon spokesman Pat Ryder said Austin had ordered the fleet, led by the USS Abraham Lincoln and including F-35C fighter jets, to move more quickly, in the face of the threat of a large-scale attack by the Lebanese Hezbollah, backed by Tehran, or by Iran itself against Israel.

Ryder added that Austin held a conversation with his Israeli counterpart, Yoav Galant, on Sunday, and also ordered the deployment of the missile submarine "USS Georgia" in the same area.

The two men discussed "the importance of limiting harm to civilians, making progress toward a ceasefire and releasing hostages held in Gaza," as well as deterring Iranian-backed groups from launching attacks, he said.

Tensions have risen recently after the assassination of Hamas political bureau chief Ismail Haniyeh in Tehran and Hezbollah's senior military commander Fouad Shukr in Beirut's southern suburbs.

Last week, Washington announced that it would strengthen its military presence in the Middle East by deploying more warships and fighter jets.

The aircraft carrier Abraham Lincoln is scheduled to join another US aircraft carrier in the region, the USS Theodore Roosevelt.  link

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

Joint Operations: We will not allow Iraq to be an arena for any international or regional conflict - Urgent

The Joint Operations Command confirmed, on Tuesday (August 13, 2024), that it will not allow Iraqi lands to become an arena for any international or regional conflict, while indicating that Iraq will not be a starting point for attacking others.

The spokesman for the command, Major General Tahseen Al-Khafaji, said in an interview with "Baghdad Today", "According to the directives of the Commander-in-Chief of the Armed Forces, Mohammed Shia Al-Sudani, Iraq cannot allow itself to be an arena for settling scores and does not accept attacks from within or from without."

He added, "The Iraqi position is clear, which is to prevent it from being used as an arena for any regional or international conflict in any way, and it will not be a starting point for attacking others."

The Iraqi arena has recently witnessed security incidents represented by the bombing of aircraft that the Popular Mobilization Authority said were American, on units in the Jurf al-Sakhar district, north of Babil Governorate, while the Ain al-Assad base in Anbar Governorate was subjected to a missile attack that resulted in injuries among the American forces stationed inside the base.

These developments come in light of the war waged by the Zionist entity against civilians in Gaza, which has been reflected in the rest of the countries that have entered the war against the entity, including Iraq, where armed factions in Iraq announce from time to time the implementation of operations targeting the entity with drones at times and missiles at other times, in addition to participating with the Houthi Ansar Allah in Yemen to carry out these operations.

The world is currently waiting for Iran to respond to the assassination of the head of the political bureau of Hamas, Ismail Haniyeh, in the heart of the capital, Tehran, but it has not yet implemented the response.

Observers expect that Iran will carry out a devastating strike targeting Tel Aviv in cooperation with the Lebanese Hezbollah, which also vowed to respond to the assassination of the leader Fouad Shukr in Lebanon.  link

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

Mot:  hhhhheeeeyyyyy ----- Macarena ~~~   https://www.youtube.com/watch?v=MMRVbhbIkjk

Mot:  . Not to Fool with Mother Nature-- So I must Follow ~~~

News, Rumors and Opinions Tuesday AM 8-13-2024

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. 13 Aug. 2024

Compiled Tues. 13 Aug. 2024 12:01 am EST by Judy Byington

Global Financial Crisis: (Rumors/Opinions)

By Congress passing the Independent Treasury Act of 1920 the Political Elites turned the US Treasury with it’s US Taxpayer dollars over to a private corporation owned by the Cabal, US Inc. …(JFK Jr.) on Telegram Mon. 12 Aug. 2024

Did you ever hear of the Independent Treasury Act of 1920? The Independent Treasury Act of 1920 suspended the de jure (meaning “by right of legal establishment”) Treasury Department of the United States government.

Our Congress turned the US Treasury Department over to a private corporation, which when seen in its true light, is a fascist Monopolistic Cartel, the Federal Reserve and their agents.

The bulk of the ownership of the Federal Reserve System, a very well kept secret from the American Citizen, is held by these banking interests, and NONE is held by the United States Treasury:

Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Chase Manhattan Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Kuhn Locb Bank of New York

The Federal Reserve is at the root of most of our present statutory regulations, “laws”, in the control and regulation of virtually all aspects of human activity in the United States, through successively socialistic constructions laid upon the Commerce clause of the Constitution.

Basically, the Federal Reserve is the “STATE” of the United States.

Thomas Jefferson once said: “I believe that banking institutions are more dangerous to our liberties than standing armies”.

The Gold Standard is how we undo all of this corruption.

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Mon. 12 Aug. 2024 A New Beginning: The Activation of GESARA/ NESARA …Gitmo TV on Telegram

Amid chaos and uncertainty, there is a glimmer of hope in the form of GESARA NESARA. This mysterious acronym signifies a significant shift in global affairs.

It is said that the dismantling of old systems in government, education, finance, healthcare and trade is underway, promising a new era for humanity. Could this be a ray of hope in these turbulent times?

Star-Link Satellite Awaiting the Green Light: One of the most surprising claims is that the Star-Link satellite is ready to send emergency alerts to all mobile phones worldwide. These satellites are supposedly on standby, waiting to transmit signals. If true, this would be an unprecedented step in coordinating global events.

The simultaneous mass arrest of over 500,000 people, including members of the global political elite, would be a spectacle like no other.

A Black Swan Lurking – A Global Stock Market Crash: Ominous predictions of an imminent Black Swan Stock Market Crash are heightening the growing tensions. Such an event could send shockwaves around the world and lead to a global monetary transition affecting 209 countries. The impact of such a crisis is beyond imagination, and the world watches with bated breath.

Sun. 11 Aug. Bombshell!!! Martial Law Unleased …Charlie Ward & Friends on Telegram

EBS Alert’s Urgent Broadcast and How Redemption Centers Might Be Our Only Hope! | Alternative | Before It’s News

Rumors suggest that the populace might be urged to stay indoors for their safety, especially during ‘Disclosures‘, while the final arrests take place. However, a resilient and awakened citizenry, now more than ever, won’t be silenced or confined.

The Emergency Broadcast System (EBS) is on the horizon, and when it hits, it will be swift, silent, and shocking. Like a ghostly shadow, everything familiar will fade into obscurity.

The bustling stock market? Halted. The digital world you’re so intricately linked to? Gone. And trust me, when the EBS alert vibrates your cell phone, echoing the chilling announcement, you’ll know it’s begun.

These messages, sourced from the Starlink, are there to stay. Deleting them? Forget about it. They’re imprinted, lasting reminders of the changing times.

Essentials First: Stock up on clean drinking water. Ensure there’s enough food, not just for you, but for your pets too. Medicines? Get them in advance. Remember, the digital world is on a hiatus, so medical records are inaccessible.

Cash is King: In a world where digital transactions become obsolete, cash will be your savior. ATMs might be out of service, and swiping those cards at gas pumps? Dream on.

Mental Fortitude: When the shock hits, it’s vital to keep your wits about you. Before you extend your hand to others, ensure you’re mentally fortified. Some might be in a state of shock, unable to respond. In such cases, a breath of fresh air, a gentle walk, might help.

But when the switch is flipped back, expect a metamorphosis. A world pulsating with positive energy, devoid of evil’s grasp. The internet? Transformed. Banking systems? Revolutionized. This, dear readers, is the dawn of an era of transparency and abundance. A veritable paradise on Earth.

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Mon. 12 Aug. 2024: Global Financial Emergency! Global Currency Reset: The Imminent Black Swan Event Unveiling a New Financial Order – The Global Currency Reset and NESARA GESARA – The RV/GCR: The Insolvency Nations! – amg-news.com – American Media Group

Mon. 12 Aug. 2024: Basel III: The End! Redemption News – Currency Revaluation and Redemption in a Surveillance State! – amg-news.com – American Media Group

Mon. 12 Aug. 2024: BREAKING Update: President Putin Address to the World — Biden and Harris’s Catastrophic Blunders Push Us to the Brink of War and Global Annihilation – VIDEO – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2024/08/13/restored-republic-via-a-gcr-update-as-of-august-13-2024/

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

Frank26   All this time we've been waiting for the new exchange rate to come out.  We've been waiting since the beginning of this year.  Nothing.  What's going on?  It's scheduled.  We have the budget, it's ready to go, what's going on?  The problem is the thievery, those that steal.  The bad politicians in the government of Iraq that steal the money through the CBI
auctions have been tamed...The US Treasury is making all the decisions now...

Breitling  The key for Iraq - For them not to be dependent on the dollar.  If they economy is 100% energy then they're going to be 100% dependent on the US dollar. How do they get their currency outside of that?  They have to open up to doing business in completely different sectors... Then they can attach that part of the economy to the Iraqi dinar.  And they can add value to the dinar as they see fit.  That's always been the underlying goal of what we want Iraq to do...  

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Crash Not Over: 50% Haircut is Coming for the Market Warns Bubba Horwitz

Danela Cambone:  8-12-2024

"I still think there's a 50 to 60% haircut coming to the markets,” warns Todd Bubba Horwitz, founder and CEO of Bubba Trading.

 In an interview with Daniela Cambone, Horwitz dives deep into the critical issues facing the U.S. economy, from the manipulation of interest rates by the Federal Reserve to the looming crisis in over-leveraged banks.

He argues that the Fed's interference is contributing to the destruction of capitalism, insisting that interest rates should be determined by the free market.

 "There's a buyer and a seller, and they will find the correct rate," he asserts. As markets face potential downturns, he advises investors to focus on solid companies and to protect their wealth by investing in physical metals like gold and silver.

https://www.youtube.com/watch?v=d9qrKFvajdA