“Tidbits From TNT” Monday 8-26-2024

TNT:

Tishwash:  Strong economy strong dinar

Mohammed Saleh Al-Badrani

 Any talk about improvement in any field is theoretical talk that will not produce anything unless stability, social cohesion and a stable security situation are achieved. This matter requires attention to details and loose threads.

Civilization needs foundations to be a platform for advancement, and stability is the basis. It is a general word that includes the societal structure, reform of institutions and administration, and the establishment of an ideology that everyone seeks to achieve through which plans are built, sectors are supported, and prosperity is one of its outcomes.

This requires the advancement of education, support for general culture, and aspirations towards movement without obstructive limitations. Other than this, everything we say or will say becomes mere wishes and desires that have no means or institutions to achieve them .

Stability and the crystallization of the character of the state and its institutions will be built accordingly, and it is the same path of progress that expands and opens up the fields of renaissance by forming the nation and then by forming the stable state .

1. Relying on oil without investing it will not improve the economy or increase the strength of the dinar. Rather, it is an invisible deterioration, and everything that is treated with it is like wood dye that is eaten by termites. For this reason, oil and other resources such as customs revenues and taxes must be invested, not by increasing taxes and exhausting the citizen, but by making it flow in a way that makes the citizen comfortable, so that it is in harmony with the state and its plans and is part of its plan, and the state is not considered a feudal lord or a squire who wants to stray from its paths .

2. Taking care of the countryside and returning people to it with plans, projects, industries and factories for agriculture and raising poultry, cows and sheep to produce meat and other things, with managing the land to grow fodder, and establishing fodder factories in strategic areas, and factories for animal products and canning them. As for the citizen’s return without a plan, it will be a matter whose feasibility will weaken unless capital enters from somewhere as capital for those who have money and find a way to operate it. This will be practical and realistic after stability .

3. Stopping government appointments with the absence of projects and the increase in colleges and universities means producing a cadre that is not good at taking care of itself or doing any work in order to live. It is necessary to establish private projects and companies and the state encourages their stability and facilitates their establishment with the establishment of a retirement guarantee similar to the state retirement system, and thus the momentum for work in government jobs is reduced.

This may come through partnerships with companies in industrialized countries to localize major factories and food and mechanical industries such as cars and machinery and support them with oil at cost price, in exchange for social care supervised by the state and looked into by the state so that those who work in these companies, facilities or industries are not harmed if one of the companies decides to abandon work. This means establishing contract models that specify the workforce, job positions and expertise and developing them through continuous education .

Regional environment

4. Establishing interest-based relations with the regional environment, and establishing water agreements in a way that realistically looks at everyone’s interests, and through cooperation in water management, investment, and joint planning as management and facilities so that there is no clear gap between desires and reality, and between proposals that have not entered the logical filters, as climate change is likely and to a large extent, but its results cannot be determined, so confronting it today through projects that do not put the country in a state of death and are capable of supplying economic and human movement is very important .

5. Desalination of Gulf water and engineering its pumping so that it covers and revives every inch of Iraq, and the rapid transformation to modern and economic agriculture will reduce pollution. The marshes will not be relied upon as water bodies, but rather as tourist investment areas such as winter resorts and fish farms, as is suitable for them.

 The dinar and the economy need real work and confidence in the currency is confidence in the economy of the countries, which expresses confidence in the management of the country itself.

 What we write here is the salt in the perspective of the reality of the situation, so that the effort of the meetings is not wasted and becomes air in the net, as they say. It is certain that there are specialists in the country, but they should not look at the experiences of others and transfer them as templates. Capitalism is not a fragmentation system, but rather a system that built itself for hundreds of years until it settled in the situation we see, and those who live in it will not see it as an option. Likewise, socialist systems do not have direct scientific applications.

We need to benefit from these systems in making a suitable system successful, as China did, which has a strong economy that does not look at the exchange rate of its currency, but is strong in its global dealings

. Perhaps if the countries of the region united to create their own currency and trade, they would gain a position in managing the global economy. All of this requires effort and time, and before that, determination in understanding and preparation and a will to implement   link

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Tishwash:  Finalizing the approval of the Industrial Investment Law

Today, Monday, the head of the Parliamentary Investment Committee, Muhammad Al-Zayadi, revealed that the final touches had been put in place to approve the Industrial Investment Law within the House of Representatives.  

Al-Ziyadi told Al-Ma'louma Agency, “Approving this law will contribute significantly to moving the wheel of the Iraqi economy, as it grants great privileges and guarantees to investors in the industrial sector.” 

He added, "His committee held an expanded meeting with the Economic Committee to resolve the disputed points within the law," noting that "the law, if approved, will reflect positively on the labor market by providing many job opportunities for young people within the country."

He continued, “His committee has put the final touches to approve the industrial investment law soon in the House of Representatives, as it is one of the important laws.” link

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Tishwash:  Al-Jawahiri comments on the tax reform process

Development and investment consultant Amer Al-Jawahri said: “The tax reform process currently taking place includes all the empty sectors, and this is very accurate for the Prime Minister in light of Al-Sudani’s meeting with the Supreme Committee for Tax Reform.”

Al-Jawahri Al-Jawahri told Mawazine News Agency: When we say that the state’s public funds and resources have circulated, this means that there is an informal economy in the country. 

According to the development expert: “Informal businesses have existed for many years, and they still do, and there is even an expansion that is not included in tax accounting, which means that it is not registered, and is considered informal in this matter, and the other side of the tax reform will take place and will continue.”

He explained: “The use of digital electronic tools and others that exclude human interaction means that perhaps 80 or more than 90% of the work that is accomplished outside the scope of human interaction will be linked. This may save losses. We do not want to pay the numbers, but it is very clear that the losses of the numbers are very large; which took into consideration the size of imports.

He continued: “If we count the size of imports, how much do we earn from tax money? There is a gap in this aspect, and eliminating corruption is not easy, and corruption is not only about the leakage of money and loss, which means depriving the public right of its rights and at the same time the money goes into pockets, and people get rich at the expense of society.
 
He pointed out: "This money goes to services, but at the same time, this achieves, in one way or another, the rule of law, and also achieves, a relative improvement in the business environment, and this improvement when added to it, an improvement in other aspects, while he stressed that working on it in the business environment, then, we can say, there are things that encourage local capital for direct investment.

He  continued saying: "May we be drawn into it, and attract capital or foreign direct investment, this is the entrance or angle that I want to enter from the side of what the Iraqi government aspires to.

 Al-Jawahiri urged everyone to support the tax reform process despite the existence of harsh and severe opposition, veiled and covered with large veils and beautiful veils, which will try to put obstacles in front of the implementation of tax reform, which increases with the country's resources or the general budget. Improving public resources means that the state and successive governments are able to spend on improving the service reality and infrastructure of the country, the most important of which are the health, education, security and municipal sectors. link

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Mot: .. This Does Help Explain it -- Huh!!! 

Mot:  . Golden Rule it Is!!! 

News, Rumors and Opinions Monday AM 8-26-2024

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. 26 Aug. 2024

Compiled Mon. 26 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Opinions/Rumors)

Sun 25 2024 Wolverine: The Whales are receiving their appts and going to Colombia and to Reno! Tier4A funds are released. It is taking longer than expected… it is a process. All is coming through. Today or tomorrow, we will have good news for Tier4B and then the opera will be released.  I was hoping to be under NDA today, but it is slow, but I will get that call coming through!

This is about helping humanity and our families. We want to help all we can. Whatever is possible. Private contractors are now getting paid as well.  The amount of money these people are receiving fathoms the mind.

Sadly, one of my huge whales in Mexico who waited a long time for this RV, has d**d in poverty, he had no money, and hopefully his assets can be passed on to his family. Most of the whales have no money…many sold all they had to get their bonds or have lost their businesses due to world events. 

 I know a huge whale in Germany who lost his business and is struggling, but he has huge amounts of boxes. Not all whales are rich. Fortunately, my whale is well off, and I am lucky.

In summary, the RV has started for bondholders and Tier4B is waiting for today or tomorrow, and today there is still time to get notifications for Tier4B. You are also seeing people getting debits released for Nesara and Gesara. Hopefully we will get good news! I think we all would like to have our debts paid off! Things are happening. Hold on. I am very sure we will get through this during this week.  Take care, Wolverine

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Global Wealth Distribution (GWD) based on trade and sovereignty means that every QFS account worldwide will be solely owned by the account holder, not a bank or government.

Sun. 25 Aug. 2024 BRICS Launching New Stablecoin Pegged by Chinese Gold-backed Yuan: https://dinarrecaps.com/our-blog/brics-launching-new-stablecoin-pegged-by-chinese-yuan-amp-gold-backed-currency 

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Global Financial Crisis:

The Purpose of QFS, Mr. Pool on Telegram:

The purpose of the QFS is to end c********n, u***y and m**********n within the banking system. “Banks” will no longer need to make huge profits from money transfer transactions.

The QFS will be completely independent of any existing “centralized” system and all other transport systems will be obsolete.

QFS is not a cryptocurrency. After REVAL (revaluation), the currency of all nations will become obsolete, collateralizing assets and ensuring a stable value (this process is simply a bank of information in the computer’s memory).

Activation of the QFS ends the ‘central banking system,’ perpetuating so-called ‘debt s*****y’

Sun. 25 Aug. 2024 The Great Awakening begins: https://t.me//+NESARA/GESARA

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Historical Context and Evolution of QFS… (JFK Jr.) on Telegram Sun. 25 Aug. 2024

A Vision of John F. Kennedy: The concept of the QFS and financial rescue programs dates back to the visionary ideas of John F. Kennedy. His intentions were rooted in the belief that financial resources should be distributed equitably to promote prosperity and stability. The age requirement of 24 years, as mentioned by Dan Rostenkowski, aligns with Kennedy’s mandate for responsible financial administration.

The Impact of Historical Decisions: Historical decisions, such as setting a minimum amount for financial rescue programs, reflect the knowledge and vision of political decision-makers. These decisions are often based on a deep understanding of human behavior and the potential consequences of providing substantial financial resources to individuals at different stages of life. By revisiting these historical contexts, we can better appreciate the logic behind these policies.

Financial Responsibilities and Maturity: One of the main reasons for setting a minimum age of 24 for QFS Rescue Centers is to ensure that beneficiaries have a certain level of financial responsibility and maturity. By the age of 24, individuals are typically more capable of making informed financial decisions, having completed higher education or gained professional experience. This maturity is crucial for responsibly managing large sums of money.

The Psychological Impact of Wealth: The psychological impact of receiving a large financial fortune cannot be underestimated. For an 18-year-old, sudden wealth can lead to impulsive decisions and potential financial ruin. By setting the minimum age at 24, the system aims to give beneficiaries a greater chance to use their resources wisely and contribute positively to society.

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The QFS, Mr. Pool on Telegram Sun. 25 Aug. 2024

QFS is the leading technology that applies and creates 100% financial security and transparency for individual currency holders.

QFS assigns a digital number to every dollar/euro/yen fixed in all bank accounts worldwide. Digital numbers are monitored and updated in real time. In other words, it indicates when the sender and receiver accounts were recorded in the ledger (GPS verification).

QFS lives with artificial intelligence. Artificial intelligence interacts with all financial transactions in the world, ensuring legal and intended power and transparency.

Only gold or asset-backed currencies with digital gold or asset certificates will be transferred through the QFS.

All gold/asset backed currencies are converted back to the gold or asset backing them.

Read full post here:  https://dinarchronicles.com/2024/08/26/restored-republic-via-a-gcr-update-as-of-august-26-2024/

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

Militia Man  Why would the United States of America allowed Alaq, the Central Bank Governor [to come] unannounced?  Probably because they had a good reason to allow that.  Why are they having him back in such a short period of time?  Because there's a component of time that they needs things done and they're doing that.

Frank26  Everything we're seeing is pointing to one thing only.  Do you think everything we've seeing is pointing to, stop the monetary reform?  No.  Do you think everything we're seeing is...let's do a lop?  No.  Do you think everything we're seeing is a lie...We're not going to give you purchasing power...It's an optical illusion?  No. Everything we're seeing is pointing in just one direction, for the monetary reform to release the lower notes and give a new exchange rate in order for the citizens of Iraq to have purchasing power but more so in order for the HCL...payments...budget to work.

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China Just Sold Off All US Treasury & Debt!

Tech Beat:  8-25-2024

In this video, we look at China's new financial maneuver, in which it purportedly sells a major chunk of its US Treasury holdings and debt.

 This move has sent shockwaves across global financial markets, increasing concerns about the potential consequences for the US economy and the larger international financial system.

We'll look at the reasons for China's move to cut its exposure to US debt, as well as what this might mean for future US-China ties. Is this a purposeful move in economic policy, or a reaction to the current global uncertainty?

 How will this affect the stability of the US dollar and bond markets?

Join us as we examine the economic and geopolitical variables at play, providing insights into how this development may effect investors, governments, and the global economy as a whole.

 Whether you're an experienced investor or simply curious about the intricacies of international finance, this video presents an in-depth explanation of one of the most significant economic developments in recent history.

https://www.youtube.com/watch?v=bF3d3SwtUSU

Does The World Bank Need To Rethink Its Policies?

Does The World Bank Need To Rethink Its Policies?

Banks  Economy News - Follow-up  For nearly eight decades, the World Bank—founded in 1944 to finance reconstruction and development after World War II—has been the largest international public agency ever. By 1973, as the need for reconstruction receded and many newly independent countries had joined the bank, President Robert McNamara outlined a revised mission.

The bank’s goal was “to accelerate economic growth and reduce absolute poverty.” At the bank’s headquarters in Washington, that goal was engraved on the lobby wall for all to see: “Our dream is a world free of poverty.”

The World Bank's initial approximation of the target was an annual estimate of the number of people living on less than $2.15 a day, the amount deemed necessary to avoid hunger, Paul Collier, a professor at Blavatnik College at the University of Oxford, wrote in an opinion piece for Foreign Policy.

This is a very conservative measure of the bank’s performance, Collier said—it could be achieved if the world’s poorest could reach the bare minimum necessary to survive even as the income gap with the rest of humanity widened. But even by this inadequate measure, the bank was a failure before 1990.

That is no longer in dispute: from 1960 to 1990, the incomes of the poorest countries diverged from those of the richest by standard statistical measures.

The number of people living in extreme poverty peaked in 1980 and then stabilized until the early 1990s, when China, India, and other emerging Asian markets took off.

Since 1990, China and India have largely lifted many millions out of poverty, but that was because of domestic reforms that opened their economies to trade. It was not because of the World Bank’s meager aid to these countries, which went disproportionately to Africa, along with policy advice.

But while the Bank cannot claim responsibility for China’s and India’s successes, it must accept responsibility for Africa’s failures. Yet the Bank and its leadership have been reluctant to confront or draw conclusions from their failures.

“When I first worked on the problem of global income inequality in 2003, I found that there was another problem within the problem that had not been noticed at the time,” said Professor of Economics and Public Policy at the Blavatnik School at the University of Oxford.

“A group of 60 poor countries, concentrated in Africa and Central Asia but with pockets elsewhere, had failed to spark economic growth and were gradually falling behind everyone else.”

“These countries had a population of about a billion people—I called them the bottom billion.” China and India were initially much poorer than most of these countries, but since the 1980s China has been growing rapidly, and since the 1990s India and Latin America have also been taking off.

In 1990, these three regions dominated global poverty statistics, but now they are favored by investors as emerging markets, and by 2035 their mass hunger problems will be a thing of the past, according to Collier.

The growth of these regions has helped global poverty begin to decline—both as a share of the world’s population and in absolute numbers, perhaps for the first time in human history. But this success has not extended to the bottom billion. As a group, their incomes have continued to diverge from those of the billions in emerging markets and the privileged billion in rich countries.

The divergence among the bottom billion continued until 2003, when global natural resource prices began a decade-long boom so extraordinary that it became known as a supercycle. Because economic growth never really caught on among the bottom billion, the exploitation and export of their natural resources became their dominant form of participation in the international economy, and the supercycle boosted their incomes.

This was their golden decade, and it lasted until 2014, when commodity prices collapsed; prices have been extremely volatile since then.

After 2014, the global economy entered a period known as the “new normal,” a term coined by economist Mohamed El-Erian. For the bottom billion, the new normal looked a lot like the old normal, the long period until the golden decade during which they were left behind.

Only during the golden decade did the bottom billion as a group briefly interrupt the tragedy of falling further and further behind the rest of humanity.

If the trend since 2014 continues, the global poverty headcount will soon return to its grim pre-1990 upward trajectory. Starting in 2035, after adjusting for inflation, the number of people living below the World Bank’s $2.15 poverty threshold – those so poor that they are starving – will increase relentlessly.

And they will be concentrated in very different places than in the past. Instead of China, India, and Latin America, the new poverty hotspots are Africa and Central Asia. Given the World Bank’s mission, the prospect of rising poverty rates in these long-focused regions should spur the Bank to action.

“Of course, there are many reasons to be skeptical of these forecasts. But we can supplement the projected trends with evidence of changes in national wealth per capita, including private assets such as homes and public assets such as infrastructure,” Collier said.

As imperfect as this measure may be, by looking at how assets have changed, we get some clues about how incomes will change in the future. In both the old normal and the new normal, the assets of the bottom billion remained virtually flat, while assets per capita in emerging markets grew rapidly, at 3% or more per year. The assets of the lucky billion living in the developed world grew comfortably, at about 2% per year.

People in the bottom billion are poorer than the rest of humanity. By 2020, the average fortune billion had $500,000 in assets per capita. The emerging market average had jumped to $85,000, and was on track to catch up with the fortune billion within a generation.

But people in the bottom billion have less than one-thirtieth of the fortune billion’s assets, and the fortune billion’s assets are growing only slowly.

Rather than prompting questions about why its approach was failing to achieve its stated purpose, in the early 2020s the Bank decided to change its stated purpose. The World Bank’s goal would no longer be a world free of global poverty – nor would it even be able to measure it.

Its goal would simply be to reduce the number of people living below a certain country-specific income threshold. If that number was falling, the Bank would declare victory: its programs in that country must be working.

This was not demanding enough that most programs would get a passing grade most years—even in Africa and Central Asia—so that everyone could relax. To avoid a troubled career, an employee assigned to one country that was not currently getting a passing grade would simply need to move to another country as quickly as possible.

Because everyone would be playing this game, the less experienced employees would end up working with the less capable in the more difficult countries.

Clearly, as the premier global institution, the World Bank must aim for global convergence: that is its core mission. The countries that have fallen behind to become the poorest must not merely avoid hunger or meet a low bureaucratic threshold—they must grow faster than other groups.

The failure of these programs, with the exception of one golden decade that had nothing to do with development projects, should be cause for serious soul-searching and sober reassessment at the Bank, reinforced by genuine concern about the prospects of the world’s poorest countries.

The World Bank might look to its sister institution, the International Monetary Fund, for an example of this kind of soul-searching. It happened in 2018 under then-IMF chief Christine Lagarde, now head of the European Central Bank. In an independent evaluation of its performance, the IMF found that in fragile states, only one in seven of its support and advice programs were successful.

This led to a major research study, published in 2021, that concluded that programs should last longer and be better tailored to the local context. The first fruits of this work were the agreement just reached with Ethiopia last month.

But in its policies toward persistently slow-growth countries in Africa and Central Asia, the IMF is hampered by a mandate that focuses solely on financial stability, not economic development. The development mandate falls to the World Bank—and that’s where it stops.

But instead of acknowledging a half-century of failure, discovering its causes, and launching a process of comprehensive institutional change, the World Bank made the sinister choice of redefining its purpose into something more easily achievable than economic development and income convergence.

It simply changed its poverty measures so that it would no longer have to report rising global poverty rates. Before the bank had finished this scandalous exercise, international outrage over its failure to respond to the multiple crises engulfing poor countries had reached its board of directors.

The board correctly judged the bank to have been slow to disburse funds that could have enabled the governments of the poorest countries to prevent their economies from collapsing. In February 2023, under humiliating circumstances, World Bank President David Malpass was forced to resign.

The move may finally prompt the bank to engage in the same soul-searching that the IMF has undergone. With its vast financial resources and highly skilled staff, the World Bank has a noble mission to fulfill.

Will its new president have the ambition to chart a bold new course—or will he retreat to the defensive amid a beleaguered bureaucracy?   08/25/2024 - https://economy-news.net/content.php?id=46711

BRICS Launching New Stablecoin Pegged By Chinese Yuan & Gold-Backed Currency!

BRICS Launching New Stablecoin Pegged By Chinese Yuan & Gold-Backed Currency!

We Love Africa:  8-25-2024

What will the new Brics currency look like?

Until now, there have been speculations about whether Brics will launch a new currency in competition with the US dollar or not.

Even though there were official talks on launching a new payment system, like SWIFT, no official news came about Brics currency. But things have changed now.

 Brics is thinking of various options, considering what to use to peg the new currency. In this respect, Russia has increased its efforts and wants to launch the currency before its chairmanship ends this year.

 As of now, Brics has proposed either launching a cryptocurrency pegged by the Chinese Yuan or a whole new currency pegged by gold.

https://www.youtube.com/watch?v=NKYqgxeZiL4

More News, Rumors and Opinions Sunday Afternoon 8-25-2024

KTFA:

Clare: Baghdad Governorate announces a holiday for tomorrow, Monday, in its departments and sections

8/25/2024   Baghdad

Baghdad Governorate announced today, Sunday, a holiday for tomorrow, Monday, in its departments and divisions.

The governorate said in a statement received by "Al-Eqtisad News", "Based on the decision of the Baghdad Provincial Council and in view of the great efforts made by the governorate's staff in providing services during the Arbaeen visit of Imam Hussein (peace be upon him) and the continuation of reverse delegation services for visitors, the Governor of Baghdad, Abdul Muttalib Al-Alawi, directed the suspension of official work on Monday, August 26, 2024."

He added, "This includes all departments and sections associated with the governorate."   LINK

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Clare:  Al-Sudani announces the success of the Arbaeen visit plan and reveals 37 service projects for the upcoming visit

8/25/2024

Prime Minister Mohammed Shia Al-Sudani announced the success of the security and service plans for the Arbaeen pilgrimage, during a press conference he held in Karbala Governorate, today, Sunday.

Al-Sudani appreciated the efforts of the Supreme Security Committee headed by the Minister of Interior, and all officers and members in ensuring the smooth flow of the visit, which extended over vast areas and thousands of kilometers of roads leading to the holy Karbala, as well as the efforts of the local service and administrative institutions in the governorates, and the formations of the various ministries, as more than 53 ministries and agencies participated, in addition to local governments, governors and governorate councils.

Al-Sudani expressed his thanks to the Governor of Karbala and the members of the provincial council for their continuous efforts that complemented the efforts of the ministries and provinces, extending his thanks to the visitors, the Husseini processions and the social activities for their cooperation and partnership with the security and service agencies. He also thanked the Husseini, Abbasi, Kadhimiya and military shrines for their important role, praising the role of the national media in this visit, which represents an opportunity to re-sharpen the spirit of all service teams and review the work and improve the provision of service to the citizen in the upcoming visits.

In order to establish an integrated infrastructure that facilitates the visit, the Prime Minister announced during the conference 37 diverse service projects that will be initiated by the Supreme Committee for Millions of Visits, and more than (3.5) trillion dinars have been allocated for them, distributed among the budgets of ministries and governorates, and include the construction and rehabilitation of ring roads, intersections, bridges, pedestrian bridges and squares, the construction of water complexes and cities for visitors, and service complexes, and they will be initiated in a few weeks.

He pointed out that since the end of the Arbaeen pilgrimage last year, work has begun on rehabilitating the border crossings in Zurbatiyah, Al-Mundhiriyah and Al-Shaib, establishing large exchange yards to facilitate the transportation of visitors, and projects related to rehabilitating the roads linking Karbala to other governorates. The government has also made progress in the Karbala-Najaf Metro project, while the Karbala International Airport project has reached advanced stages and will be opened next year.

He stressed that the government took the initiative to establish the Supreme Committee for Million-Pilgrim Visits, to be the permanent organizer and supervisor of this great effort, indicating that this occasion is no longer merely ideological, but rather a national epic that witnessed the presence of our people from all religions and sects in more than 50 processions providing services to the visitors.  LINK

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

Militia Man  They're making nothing but money off their oil, but they're also making nothing but money off their non-oil revenue streams.  Now it's a totally different ball game.  Back in the old days Iraq's valuation of $3.22 was based off oil.  It wasn't on phosphates...sulfur...liquid natural gas...tax revenues...tourism.  None of those.  Add all that in now into the exchange rate gives some support doesn't it.  You start thinking about it, wait a second, so why would you come back out at $3.22 again?  Good question.  Will they?  Don't know.  Is it likely they will?  I don't know.  Why would it be any less than that? 

Militia Man   If you guys have the lop question, it's totally uneducated as far as I'm concerned.  100%...Iraq said they were going to bring value to their currency.  Doing a lop doesn't bring value.  It's a reverse split.  Stays  the same.  It's total B.S., utter nonsense.  It's unstudied, uneducated and frankly, quackery as far as I'm concerned.  

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Iraq's Investment Guide for 2024 #iqd Exchange Rate

Edu Matrix:  8-25-2024

Iraq's Investment Guide for 2024 #iqd Exchange Rate - Regardless of what Iran-Backed Militants are Doing, Iraq is Moving Forward w/ Offering International Investment Opportunities in the Country.

https://www.youtube.com/watch?v=UBtT6nT00H4

"When the Crisis Hits, Buffett Will Buy Gold" Mike Maloney LIVE | Rebel Capitalist 3

Mike Maloney:  8-23-2024

this eye-opening video, Mike Maloney delves into the looming financial crisis, describing it as a "financial Supernova.

 He explains the hyperbubble in asset classes, fueled by unprecedented levels of debt worldwide. Mike emphasizes the importance of owning precious metals like gold and silver as a safe haven during economic turbulence, backed by historical data showing their remarkable performance.

The video also challenges the notion of fiat currencies and their role in perpetuating economic instability.

https://www.youtube.com/watch?v=5Pd0mm55MGA&t=25s

“Tidbits From TNT” Sunday 8-25-2024

TNT:

Tishwash:  Economist talks about the mechanism for reviving the Iraqi economy

Economic expert Mustafa Hantoush said today: "What the Central Bank of Iraq is doing by empowering foreign banks or foreign investors at the expense of the Iraqi banking system is a fatal blow to future opportunities to advance the Iraqi economy through the banking system."

According to his statement to Mawazine News Agency, the expert Hantoush described the experiences of foreign banks or foreign investors who own national banks as failed experiments, pointing out that they have caused financial disasters for many countries.

The economic expert explained: "Most countries in the world give a very specific percentage to foreign investors in the banking sector in order to preserve capital and profits as an economic cycle within the country."  link

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Tishwash:  Mohammed bin Rashid: Iraq has become the first destination for UAE exports

Sheikh Mohammed bin Rashid Al Maktoum confirmed today, Sunday, that Iraq has become the first destination for Emirati exports by 41%.

Bin Rashid said, via the (X) platform: "Several years ago, we announced our national economic goals.. and announced that our foreign trade target for the year 2031 is 4 trillion dirhams annually, a goal that represented a major challenge at the time."

He added, "Today, our economic relations with various countries have been consolidated, as our trade with India has increased by 10%.. with Turkey by 15%.. and with Iraq by 41% to become the first destination for Emirati exports, followed by India, Turkey and others."  link

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Tishwash:  To deter escalation and protect his country's forces.. A senior American general visits the Middle East

A senior US general is scheduled to tour the Middle East to emphasize the importance of deterring escalation and protecting US forces in the region. The

US Joint Chiefs of Staff said on Saturday that General CQ Brown will visit Egypt, Jordan and Israel in the coming days, where he will meet with his counterparts and a number of officials to discuss the situation and tensions in the region. The

Joint Chiefs of Staff statement indicated that Brown's visit demonstrates the long-term US commitment to the Middle East.

The statement stressed that General Brown will reaffirm the importance of deterring escalation and protecting US forces in the region, and Washington's support for Israel in defending itself and coordinating efforts to provide humanitarian assistance to civilians.

The statement also explained that the visit reflects the importance of reaching an agreement that returns the hostages, ends the violence and allows the entire region to focus on the next steps towards a more secure and stable Middle East. link

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Tishwash:  Rafidain warns of the risks of accessing customers' personal and financial information

Rafidain Bank warned, today, Saturday, of the risks of accessing customers’ personal and financial information through electronic and telephone fraud.

The bank stated in a statement received by {Euphrates News} a copy of it, that: "It is keen to educate its customers and the public about sound practices in using electronic services in general, and to direct the customer to take caution and care, to ward off the risks that may result from any attempts to access the customer's personal and financial information, through electronic fraud, telephone fraud, viruses and spyware, and identity theft."

Rafidain Bank advised its customers to: "Adhere to the following instructions:

- Avoid easy knowledge of the password, maintain its confidentiality, avoid using common and well-known passwords that are easy to predict, and change them periodically.

The bank advises its customers - for their security and safety - to refrain from using known information such as date of birth, phone number, or any part of the customer's name that is easily recognizable as a password.

- Avoid disclosing the password and personal data and maintain the confidentiality of the salary card number (Master or Visa Card), Internet banking, and the mobile banking application, and not to disclose them even to bank employees.

- Update the customer's information and data, whether his salary is domiciled or otherwise, whenever there is a change through the branches.

- Continuously verify your account movements (via account statement, movements in the mobile application), and if you doubt any of them, review your branch or the Banking Awareness and Public Protection Department in the General Administration of the Bank.

The bank noted "examples of fraudulent messages:

Phishing messages..
- These messages are sent to you by impersonating an employee at your bank, where he sends you messages asking you for information about your bank account or credit card under the pretext of verifying its numbers.
- Fraud through the trick of browsing your account
- Many users have been trapped on social networks through the trick of "Find out who browsed your account on Facebook" or any other social network.

Prize winning messages..
- Such messages claim that you have won valuable prizes or a trip to a certain country, and the sender of the message asks you to pay a certain amount to receive your prize, never do that.
- Fundraising fraud.
- Collecting money in a deceptive manner, as these scammers publish fake stories about a patient in need of treatment or a poor family or others and ask for donations from social media users.

Online job offers:
- If you apply for a job online, you will definitely be asked to fill out an application form. You can do so, but be careful not to write down your bank account number and credit card.
Tips to protect yourself from fraud attempts:
- Do not interact with people who ask you to pay a small amount of money to get a prize or gift or other offers.
- Do not agree to transfer a conversation with a specific person outside of social networks, such as communicating via WhatsApp or providing this person's email address.
- Verify the identity of people who message you due to an emergency while claiming to be your friends or relatives.
- Messages that include spelling and grammatical errors are always suspicious and you should be careful of them.
- If you want to provide help or assistance, do so through official and trusted sources.
- Do not trust pages that represent large companies or public figures that you have not verified.
- Do not trust any social pages that claim that they will make you a quick profit through the Internet or work from home.
- Do not click on links that you receive via WhatsApp or social networks or those that are published in comments. 

Rafidain Bank called on its customers to "take precautions and be careful to avoid falling victim to criminal methods that aim to defraud citizens and steal their money by people impersonating employees working in financial institutions, international institutions or private companies, and then doing the following:

- Communicating with customers via social media (Facebook, Instagram, WhatsApp) under the pretext of providing financial assistance and prizes or monthly salaries for a specific period, in exchange for obtaining the personal information of the customer and the data and image of the bank card granted to him and the secret number and OTP verification code.

- Using the data and information necessary to create accounts in the name of customers or modify their account data or update their data or request the number that will be sent to you by SMS, and then carrying out electronic transfer operations for the purposes of paying bills and purchases and charging mobile phone balances or making electronic money transfers to other people.

Communicating with the beneficiaries of financial transfers under the pretext of executing them in their favor by mistake, and then asking them to reverse the amount by transferring to a specific account or charging a specific phone balance.  link

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Mot: . Guys!! -- Beeeee sure and Take Notes!!!!

Economist’s “News and Views” Sunday 8-25-2024

CHINA To Leave World Bank: A New Financial System?

Fastepo:  8-25-2024

The World Bank has faced ongoing criticism from Global South nations regarding its lending practices and the conditions tied to financial support.

Developing countries have called for a fairer global financial system, pointing to the negative effects of the Structural Adjustment Programs (SAPs) of the 1980s and 1990s, which were intended to stabilize economies but often deepened poverty and inequality in regions like sub-Saharan Africa.

A 2002 UNICEF report noted that 60% of countries implementing SAPs saw reduced access to essential services, contributing to long-term instability.

Another issue is the loss of sovereignty imposed by World Bank loans, with nations like Ghana and Zambia forced to adopt austerity measures that sparked unrest.

Environmental and social concerns have also arisen, as World Bank projects in Indonesia and Ethiopia have been linked to deforestation, displacement, and ecosystem damage.

 Additionally, the bank's decision-making is seen as disproportionately influenced by powerful Global North shareholders like the U.S. and Japan, leading to accusations that the bank prioritizes wealthier nations' interests over those of developing countries.

Critics argue that the World Bank's efforts to address past mistakes have been inadequate. Despite creating an Independent Evaluation Group (IEG) to review projects, a 2020 report found that only 45% of recommendations had been fully implemented, raising doubts about the bank’s commitment to reform.

 This criticism has intensified due to perceived inequalities in global financial aid, particularly during crises like the COVID-19 pandemic, where aid pledges to African and Latin American countries were seen as insufficient compared to the swift support for Ukraine during the 2022 Russian invasion.

 In response to these challenges, China, alongside other BRICS nations, led the establishment of the Asian Infrastructure Investment Bank (AIIB) in 2016.

The AIIB aims to provide a more equitable alternative to the World Bank, focusing on the infrastructure needs of the Global South.

With a capital base of $100 billion and over 100 member states, the AIIB has emerged as a credible competitor to traditional Western-dominated financial institutions, signaling a shift in the global economic order.

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

ANOTHER Currency Is FAILING In Front Of Our Eyes...

Lynette Zang:  8-24-2024

Today's video is about Ethiopia's Birr and it's recent plummet. Could it be failing? And could this be a sign for what's ahead for the dollar?

https://www.youtube.com/watch?v=up-SADPfOww

PetroYuan Plans?| Saudi Arabia - China Ties Are Expected to Strengthen Crude Oil Trade in Yuan

Lena Petrova:  8-25-2024

https://www.youtube.com/watch?v=AUKfPzmdJh8

News, Rumors and Opinions Sunday AM 8-25-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 25 Aug. 2024

Compiled Sun. 25 Aug. 2024 12:01 am EST by Judy Byington

Sat. 24 Aug. 2024 The Purpose of QFS: …The 17th Letter (JFK Jr.)

The purpose of the QFS is to end corruption, usury and manipulation within the banking system. “Banks” will no longer need to make huge profits from money transfer transactions.

The QFS will be completely independent of any existing “centralized” system and all other transport systems will be obsolete.

QFS is not a cryptocurrency. After REVAL (revaluation), the currency of all nations will become obsolete, collateralizing assets and ensuring a stable value (this process is simply a bank of information in the computer’s memory).

Activation of the QFS ends the ‘central banking system’, perpetuating so-called ‘debt slavery’

Official site of the Quantum Financial System. Enter your personal information and find out how much money you have in your account. https://t.me/+9c_RzxhDf6E5ZDAx

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Global Financial Crisis:

Sat. 24 Aug. 2024 Australia NAB Outage: Chaos as thousands of Aussies are locked out of their bank accounts due to tech outage. https://www.dailymail.co.uk/news/article-13768213/NAB-outage-Chaos-thousands-Aussies-locked-bank-accounts-tech-outage.html

Sat. 24 Aug. 2024: I Guess This Is The End. The Fall of Baal: https://x.com/prolotario1/status/1758499176269201565?s=46

Info came out via Militia-Man & Crew that confirm what I shared with you all about Texas when redeeming currency for precious metals that once the Iraqi Dinar is on the Forex anyone will be able to convert into Gold & Silver.

Do you all know how monumental this is? Remember the 43 states that pass bills to make metals legal tender? This means your money will be 100% tax-free. This means that if you purchase property with gold mortgage, taxes, liens, etc, it will not be a factor in any capacity.

Why do you think bankers fear Basel 3? Remember what the MBA stated a few days ago? That the entire model of real estate will change because of B-3.

“The Mortgage Bankers Association (MBA) has voiced strong opposition to the Basel capital rule changes, pointing out seven key areas that could affect major banks and regional banks, lenders, servicers, and borrowers within the housing finance ecosystem. Here’s a closer look at these crucial concerns”. End quote.

Basel 3 empowers the citizens. Not the banking industry. This is why they are now trying to double down on the Dodd Frank Act. Which allows the bank to legally confiscate your money making them impervious to lawsuits. You all have to understand. In the 1970s boomers bought houses for 10k-20k.

Now do you all see why bankers were crying to Congress about Basel 3 on Capitol Hill a couple of months ago?

The days of writing up mortgages with interest rates that only exist on a computer screen with nothing in the bank vaults to support the contract written out home buyers that agree to honor that over decades on a monthly basis.

Not knowing they financially entrapped themselves by signing off on a document that allows the bank to seize or confiscate your property due to delinquency in payments for money they never physically possessed themselves to underwrite a contract based on nothing but a promise and not assets are over.

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Sat. 24 Aug. 2024 A New Beginning: The Activation of GESARA NESARA

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

It is said that the dismantling of old systems of government, education, finance, health, and commerce 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 cell phones worldwide. These satellites are supposedly on standby, waiting to transmit signals. If true, this would be an unprecedented step in coordinating global events.

A Black Swan Lurking: A Global Stock Market Crash: Ominous predictions of an imminent Black Swan-like 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.

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Global Currency Reset:  (Rumors/Opinions)

Sat. 24 Aug. 2024 MarkZ: “Farm Claim Payments: I am getting so many reports from you guys on this one. Payments are being made and I think it is just huge. I was told from day one this would be the first claim paid. I am excited to see it.

 I do know real people with money in their pockets from Farm Claims payments.” We are hearing that they are off “stuck” and have moved past the initial round of bond stuff and they are starting to prepare (in mass) the folks with German bonds. I am 100% certain that is what they are going to start processing next. Hopefully also releasing the money that goes with it.  I started getting this news last night.

We are hearing money is moving fairly quickly…but we have heard that before. I think we need to see more farm claims and settlements paid. And past Farm claims into CMKX and fines and Penalties.

 This is some of the milestones we should be able to see in the coming days. Iraq is not the only monkey in the game….They are just the easiest to track….. . But we also track bonds and F&Ps…..also easy to track. Iraq is not the only cog in the wheel. But they just need to release that new rate.”

Sat. 24 Aug. 2024 TNT Tony: “Just got word that in Iraq the lower denoms are being released on the streets right now. Start poppin. It’s on it’s way.”

Read full post here:  https://dinarchronicles.com/2024/08/25/restored-republic-via-a-gcr-update-as-of-august-25-2024/

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

Militia Man   Article Quote: "Alaq confirmed... there will be meetings held with the Federal bank and US Treasury at the end of this August"  What's the date today?  It's not far off.  The last meeting he had was unannounced...I think him coming back to the Untied States, he's probably going to bring something he should have had done a long time ago.

Bruce   [via WiserNow]  ...it looks like our start for notification and exchanges could start over the weekend...It could defer to Monday, with exchanges starting either Monday or Tuesday. That's very possible.

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Salah talk about brushes and power iqd dinar

Nader: 8-24-2024

https://www.youtube.com/watch?v=75bcUM4torU

Seeds of Wisdom RV and Economic Updates Sunday Morning 8-25-24

Good Morning Dinar Recaps,

DBS BANK PILOTS BLOCKCHAIN-BASED GOVERNMENT GRANTS

The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization.

Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants.

DBS Bank announced that in the pilot, it collaborated with Enterprise Singapore (ESG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore and the Singapore Fintech Association (SFA), which promotes financial technology in the country.

DBS Bank Uses Smart Contracts To Disburse Government Grants

During the pilot, the SFA disbursed government grants to 27 members. DBS said that its pilot showed how blockchain-based programmable grants can improve efficiency, enhance governance and allow businesses to have faster access to government grants.

With DBS’ permissioned blockchain, ESG and its intermediaries, like the SFA, can determine the conditions of the programs and govern grant disbursements. According to DBS, this includes disbursements to approved recipients upon fulfilling certain business conditions.

Once the conditions are fulfilled, smart contracts will verify that they are met. After this process, the grants will be disbursed automatically to the beneficiaries.

According to DBS, the solution enhances governance control and reduces the need for intermediaries to manually process cash handling. This allows businesses to receive their cash payouts from the government much faster.

Furthermore, the bank’s permissioned blockchain gives full visibility of the process, giving greater transparency to the organizations involved.

Permissioned blockchains are networks with an access control layer that allows participants only a pre-approved level of authority. Even though they use distributed ledger technology, these blockchains are only partially decentralized.

Results of MAS-led Project Orchid
DBS Bank also noted that the programmable grants pilot applies what the firm has learned from participating in Project Orchid, a digital currency initiative led by the Monetary Authority of Singapore (MAS). The initiative tests the benefits of tokenization with local stakeholders.

DBS Bank also previously collaborated with digital payment provider Ant International on a blockchain-based treasury and liquidity management solution. On Aug. 13, DBS launched its treasury tokens, which Ant will use for liquidity and treasury management. The tokens are within the bank’s Ethereum Virtual Machine (EVM) permissioned blockchain.

The solution was created using systems developed during the company’s participation in another MAS-led effort on digital currencies, Project Guardian.

@ Newshounds News™

Source:  Coin Telegraph

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DEBIT CARDS IN DIGITAL WALLETS Gaining Ground Across Sectors
August 2024

With a growing number of consumers adopting digital wallets, payment preferences have shifted. Debit cards are now the preferred method underpinning digital wallet payments. 

Meanwhile, digital wallets have seen more significant adoption in the retail and grocery sectors. Apple Pay, in particular, has deepened its niche in travel-related transactions, possibly foretelling a broader acceptance of mobile-first, touchless payments. This report explores these trends, how different sectors are adapting to digital wallets and what this all means for businesses.

@ Newshounds News™

Source:  PYMNTS

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PROOF OF INK BY GAVIN WOOD:  THE TATTOO THAT SECURES YOUR WEV3 PRIVACY

The Web3 individuality mechanism will require a unique, algorithmically generated tattoo to prove digital citizenship.

Parity Technologies is launching a Web3 individuality solution, which is a crucial missing element for mainstream Web3 adoption.

The new solution, “Proof-of-Ink,” will enable users to prove their digital individuality in a privacy-preserving manner through a unique tattoo serving as proof of digital citizenship.

Proof-of-Ink is set to launch in the fourth quarter of 2024, according to Gavin Wood, the co-founder of Ethereum, Polkadot and Kusama.

Wood announced during a keynote speech at the Web3 Summit in Berlin:

“We are able to deploy the baseline palette and launch the app at some point this year, hopefully in the final quarter […] We are aiming to launch the other two mechanisms next year.”

While Wood teased that one of the additional two digital identity solutions is further in development, he shared no details about their mechanics.

Mainstream adoption is crucial for any technological paradigm. Experts like Wood hope that Web3 adoption will create a more decentralized and user-centric internet, envisioned as a free public good to help humanity.

@ Newshounds News™

Read more:  Coin Telegraph

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WYOMING Aims to Launch US DOLLAR-BACKED STABLECOINS in 2025

Wyoming is reportedly developing its own U.S. dollar-backed stablecoin to be used for consumer payments.

The state plans to launch the Wyoming Stable Token in the first quarter of 2025, CNBC reported Friday.

“It is clear to me that digital assets are going to have a future,” Wyoming Governor Mark Gordon told CNBC at the Wyoming Blockchain Symposium in Jackson Hole. “The United States has to address this issue. Washington’s being a little bit stodgy, which is why Wyoming, being a nimble and entrepreneurial state, can make a difference.”

Advocates of the project the Wyoming stable token will provide a faster and cheaper way for individuals and businesses to transact, will create a new revenue stream for the state and may serve as a model for a stablecoin at the federal level, according to the report.

Gordon said the stablecoin will be transparent, fully backed by short-term Treasurys and dollar-dependent, per the report.

Wyoming has already been working to create a favorable regulatory environment for crypto, having passed more than 30 pieces of legislation related to that field since 2018, according to the report.

The state is currently vetting potential vendors and partners to provide an exchange, digital wallets and other technology needed for the stable token, per the report.

Wyoming aims to make the stablecoin a payment method for everyday use, Flavia Naves, a commissioner at the Wyoming Stable Token Commission, said in the report.

“When you walk into Cowboy Coffee in Jackson, Wyoming, and you want to buy your latte, there’s going to be their wallet there in Solana that you can use to buy your coffee with the Wyoming token,” Naves said, per the report.

Stablecoins are a type of currency designed to maintain a stable value by pegging their worth to a fiat currency, PYMNTS reported in April. Unlike traditional cryptocurrencies like bitcoin, which are notorious for their price fluctuations, stablecoins offer a level of stability that closely mirrors that of traditional currencies.

On the federal level, U.S. Sen. Kirsten Gillibrand, D-N.Y., and Sen. Cynthia Lummis, R-Wyo., introduced legislation to govern stablecoin use.

@ Newshounds News™

Source:  PYMNTS

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Newshound's Currency Facts Youtube and Rumble

Newshound's 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

More News, Rumors and Opinions Saturday PM 8-24-2024

KTFA:

Clare:  More than 100 tons.. Iraq is the ninth largest buyer of gold in 2024

8/24/2024  Economy

Iraq ranked ninth globally among the top 10 countries buying gold this year. What is meant by gold is converting foreign currency reserves into gold, not the gold of goldsmiths and citizens.

 Iraq bought 100 tons of gold this year, coming in ninth out of the top 10 countries buying gold this year, compared to 1,298 tons bought by Russia, as interest in buying gold is growing amid rising geopolitical tensions and economic fluctuations.

This comes as the precious metal hit an all-time high of $2,531.75 an ounce after breaking above $2,500 for the first time this month amid growing expectations that the Federal Reserve is close to cutting interest rates.

Bullion typically benefits from low interest rates, and central banks hold gold reserves because of its strong collateral, liquidity and yield properties.   LINK

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Clare:  Iraq and America to resume negotiations on the banking sector next Monday 

8/24/2024  Baghdad

 A delegation from the Central Bank of Iraq is traveling to the United States of America to resume negotiations on the banking sector.

An informed source told Al-Eqtisad News that a delegation from the Central Bank of Iraq will begin negotiations with the American side on August 26 in America. 

He added that the Central Bank has moved towards signing a contract with the international company Oliver Wyman to present a plan on reforming the private banking sector, within the next six months. 

 He pointed out that the proposed plan includes merging some banks or cancelling the licenses of some banks.   LINK

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

Frank26   I don't care about the WTO and HCL because it only waits for one thing, the new exchange rate.  The only mechanism that everyone is waiting for is the new exchange rate.  That is the simple fact.  This fact is real because Sudani is constantly reinforcing that idea...by constantly coming out on TV and talking to you [Iraqi citizens] about you're going to get purchasing power.

Militia Man  Article: "Iraq is heading towards printing new paper currency"  They're not going to print new currency in the sense of triple zero notes...There's no reason for it.  They were destroying perfectly good triple zero notes.  They did a video on it...destroying money, making little pellets.  They had a whole show on it.  Why would they be destroying good money?  Granted, if they filmed that they were damaged with ink on them, all these different things, I understand that.  That wasn't the case.  In 2018...they spent tens of millions of dollars on printing new currency... Bottom line is, why would they be printing triple zero notes at a time when inflation is low?  That would create inflation.  The whole idea is not to do that.  Article quote:  "There's no intention to print new paper currency at the central bank..."

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The cbi is doing good

Nader:  8-24-2024

https://www.youtube.com/watch?v=e-miBnjW51E

Housing Crash WILL BE EXTREME (U.S. ECONOMY in BIG TROUBLE)

Sachs Realty:  8-24-2024

Worst housing crash in history expected, We're in a more dangerous bubble and the U.S. economy is destroyed.

https://www.youtube.com/watch?v=aoKs02HSGk0

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

Good Afternoon Dinar Recaps,

CARDANO DELAYS CHANG HARD FORK TO SEPTEMBER

Cardano delays its Chang hard fork to September 1, ensuring full ecosystem readiness, while exploring a potential groundbreaking AI partnership with Algorand.

Cardano has postponed its much-anticipated Chang hard fork to September 1, moving the date from August 27. 

This delay allows more time for exchanges and decentralized applications (DApps) to prepare. The decision, announced on August 23 by Intersect, a Cardano membership organization, ensures the ecosystem is fully ready for this crucial upgrade.

The Chang hard fork is a critical milestone in Cardano's journey toward the Voltaire era, which will bring enhanced community governance and smart contract capabilities. The delay emphasizes the importance of being fully prepared to avoid any disruptions during this major transition.

This hard fork is significant not just for its technical upgrades but also for how it involves the community in decision-making. Intersect highlighted that it's the first time such a wide range of community members and engineers have been involved in the process.

This marks a shift in how decisions are made within the Cardano ecosystem, with more emphasis on community participation and on-chain governance.

Charles Hoskinson, Cardano's founder, provided further insight into the delay. He revealed that some exchanges, particularly Binance, were not yet ready for the upgrade.

Hoskinson compared the situation to a rocket waiting for the weather to improve before launch, indicating that everything must be perfectly aligned for the hard fork to proceed smoothly.

The Chang hard fork is a key step in Cardano's roadmap, especially as the network moves towards the Voltaire era. 

This era will enhance Cardano's governance model, allowing token holders to be more involved in decision-making. The upgrade will also improve data security and expand smart contract functionalities, making it a pivotal development for the network.

While preparing for the Chang hard fork, Hoskinson is also exploring a possible partnership with Algorand, a competing blockchain network. This potential collaboration could create a "decentralized AI powerhouse," combining Algorand's technology with a proof of work system optimized for AI. Hoskinson believes this partnership could push the boundaries of decentralized AI and revolutionize the industry.

The idea of a Cardano-Algorand partnership has sparked interest in the blockchain community. Gary Malouf, Algorand's Chief Technology Officer, expressed interest in discussing the possibilities further.

This potential partnership could lead to significant developments in the blockchain space, as both networks continue to evolve and expand their technological capabilities.

Algorand, founded in 2017 by MIT professor Silvio Micali, has positioned itself as a leading Layer-1 blockchain network. Despite controversies over its advertisements criticizing rival networks like Bitcoin and Ethereum, the potential collaboration with Cardano could open new avenues for innovation and collaboration in the blockchain industry.

In summary, the delay of the Chang hard fork to September 1 allows Cardano to fully prepare for this critical upgrade.

At the same time, the potential partnership with Algorand could lead to groundbreaking advancements in decentralized AI, marking an important moment in the blockchain industry's evolution.

@ Newshounds News™

Source:  Coin Paprika

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IOTA Set for MEXC LISTING IN ASSESSMENT ZONE: USDT Trading Pair Goes Live

IOTA is set to be listed in the Assessment Zone of the MEXC exchange after recommendations from community users.

Recently, IOTA announced that it has completed the final phase of the European Blockchain Pre-Commercial Procurement.

The exchange of high-performance and mega transaction matching technology MEXC has announced the IOTA (IOTA) listing in its Assessment Zone.

According to the official blog post, this groundbreaking move would be a gateway for the commencement of open trading for the IOTA/USDT trading pair. Trading start time, August 23, 2024, at 12:00 (UTC).

@ Newshounds News™

Read more:     Crypto News Flash

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RUSSIA PLANS TO PEG CHINA'S YUAN TO IT'S NEW STABLECOIN

According to a Kommersant source, Russia has revealed plans to launch two State-linked crypto exchanges to incorporate digital payments for trade settlements. The two crypto exchanges will operate in Moscow and St. Petersburg.

Russia gets deeper into decentralized finance

Russia, the heavyweight nation behind BRICS, plans to launch a new stablecoin linked to the Chinese yuan. Since the war broke out between Russia and Ukraine, the US sanctions have forced Russia to find alternative payment methods to keep its economy afloat.

Russia intends to link the Chinese yuan to the new crypto-based stablecoin at a 1:1 ratio. This guarantees that the coin’s price remains consistent and without volatility, making it reasonably safe for carrying out transactions without fear of price fluctuations.

The plan is that the Russian ruble and the Chinese yuan will profit the most when trade is handled using the new payment mechanism, finally achieving their de-dollarization agenda. The US dollar will play no role in the payment system, allowing local currencies to take a large proportion of settlements.

Russia’s launch of the crypto exchanges has “The goal is to support foreign economic activity (FEA).” According to lawyers and analysts, they will most likely be created in an experimental legal regime.

@ Newshounds News™

Source:  CryptoNewsz

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Newshound's Currency Facts Youtube and Rumble
Newshound's 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

“Tidbits From TNT” Saturday 8-24-2024

TNT:

Tishwash:  Iraq and America to resume negotiations on the banking sector next Monday

A delegation from the Central Bank of Iraq is traveling to the United States of America to resume negotiations on the banking sector.

An informed source told Al-Eqtisad News that a delegation from the Central Bank of Iraq will begin negotiations with the American side on August 26 in America. 

He added that the Central Bank has moved towards signing a contract with the international company Oliver Wyman to present a plan on reforming the private banking sector, within the next six months. 

He pointed out that the proposed plan includes merging some banks or cancelling the licenses of some banks.   link

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Tishwash:  A parliamentary invitation to host the responsible authorities to find out the reason for the rise in the price of the dollar

Today, Saturday, independent MP Jawad Al-Yassari called on the Presidency of Parliament to host the relevant authorities to find out the government's measures regarding the dollar crisis. 

The leftist told the Maalouma Agency, “The rise in the exchange rate of the dollar against the Iraqi dinar is still ongoing in an unprecedented manner, stressing the need to determine the causes of this crisis and its clear negative impact on the economic and social conditions in the country.”

He added, "A number of independent representatives had previously called on the Presidency of the House of Representatives to host the relevant authorities to learn about the government's measures regarding the dollar crisis." 

He pointed out that "the slow financial measures taken by the government would cause additional damage."

He stressed the need to "develop quick solutions and stop the rise in dollar prices in local markets." link

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Tishwash:  Al-Marsoumi expects a "tragic and exciting chapter" after "hidden hands" tamper with budget tables figures

 Economic expert Nabil Al-Marsoumi revealed, today, Saturday (August 24, 2024), what he called hidden hands that tampered with and changed the numbers of the budget tables in its paper and electronic versions.

Al-Marsoumi said in a post on the Facebook platform, followed by Baghdad Today, that "the Presidency of the Republic has not approved the 2024 budget tables and they have not yet been published in the Iraqi Gazette, despite the parliament voting on them about two months ago," indicating that "the reason for this is the hidden hand that tampered with and changed the numbers of the tables in the paper and electronic versions and added 15 trillion dinars to them."

He added, "After the two letters sent by the Prime Minister's Office to the House of Representatives to investigate this issue, and after the complaint submitted by MP Basem Khashan to the Federal Court, it seems that there is an exciting tragic chapter that we will witness in the coming days."

Acting Speaker of Parliament Mohsen Al-Mandalawi confirmed on Wednesday (August 21, 2024) that the budget tables voted on by the Council are the same as those sent by the Council of Ministers.

According to documents issued by the director of Al-Mandlawi’s office, received by “Baghdad Today”, “the budget tables voted on by the House of Representatives are the same ones sent by the Council of Ministers and returned to it, according to Parliamentary Resolution No. 64, without any amendment, and the aforementioned tables are the same ones that were sent after approval to the government.”

It is worth noting that the member of the Parliamentary Finance Committee, Moeen Al-Kazemi, revealed on Wednesday (June 26, 2024), that an appeal was filed by a member of the Legal Committee in Parliament, against the approval of the 2024 budget schedules.

Al-Kadhimi told Baghdad Today that the appeal was submitted "on the grounds that the numbers included in the budget items will change, and thus this is considered a change to the law and requires the enactment of a new law with a first and second reading, and final approval."

He pointed out that "another objection is to changing the financing of oil producing companies from self-financing to central financing, and this matter is considered another piece of legislation that cannot be included in the budget tables."

Al-Kadhimi pointed out that "the Federal Supreme Court referred this lawsuit to the Presidency of the Council of Representatives and requested an answer within 15 days."

On June 3, 2024, the House of Representatives voted on the tables of the Federal General Budget Law No. 2024, amended (13) for the year and its attachments, Tables (A/B/C/D/E and F  link

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Mot:  ..... More ""Marital Training!!! – siiggghhhhh 

Mot:  Earl is Soooooo Wise!!!!

News, Rumors and Opinions Saturday AM 8-24-2024

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

RV excerpts from the Restored Republic via a GCR: Update as of Sat. 24 Aug. 2024

Compiled Sat. 24 Aug. 2024 12:01 am EST by Judy Byington

Judy Note: As the Global Financial System continued to collapse, Deep State Cabal Elites were expected to destroy power grids Worldwide in an effort to prevent a complete financial meltdown of their bankrupt system only shakily held up with fiat monies.

Don’t worry. A Worldwide Blackout would only give reason for the Global Military Alliance to activate their Emergency Broadcast System (EBS); switch to Tesla Free Energy across the Globe and implement the gold/asset – backed Global Quantum Financial System that backed GESARA/ NESARA while destroying the Deep State Cabal Banker’s control over our money they have held since 1913.

With GESARA’s wealth distributed to everyone willing to work, there will be no more poverty, while homelessness will be unknown. People of 3rd World Nations will be incentivized by GESARA funds to return home to build up their own countries. Those sovereign governments will be 10% of their present size, with honest officials placed in office through fraud free elections.

The transition from Nuclear Energy to Quantum Energy will create new industries and businesses, plus the emergence of the Quantum Network will revolutionize the way we can safely and privately connect with each other.

Med Beds will assure no more drugs, addictions, illness or disease of any kind.

The large corporations manned by the Global Elite Cabal that have been poisoning our air, water and food will be dead broke, their CEOs incarcerated. With redemption of Zim Bonds by the General Public, the most comprehensive funding of Humanitarian programs in Earth’s history was underway and carefully designed toclean up the air, water and planet.

People will be incentivized to grow their own healthy food in off grid homes that produced their own energy and water, thus The People would no longer be forced to adhere to unreasonable regulations and the loss of freedom that goes with living in crowded communities.

The People’s Common Law Courts and Justice will assure Freedom for all on Planet Earth.

We are on the brink of a meticulously engineered catastrophe, orchestrated by the global elite to strip away our freedoms and plunge us into chaos. But what the elites fail to grasp is that this engineered Black Swan event will be their undoing.

As the old world crumbles, a new era will rise from the ruins. The stock market, cryptocurrencies, and the power grid—everything used to control us—is about to implode, signaling the dawn of a revolutionary transformation.

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The Black Swan Event: The Final Gambit.

This Black Swan event isn’t a random catastrophe; it’s the final, desperate move of a corrupt system nearing collapse. The financial structure that has enslaved us for decades is set to be obliterated, bringing down the power of the global elite.

The financial bubble they’ve inflated is about to burst, leading to a stock market crash, cryptocurrency wipeout, and global economic chaos. They believe they can control this collapse and engineer a reset on their terms, but they are gravely mistaken. This collapse will be their downfall.

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The Blackout: The Elites’ Desperate Move

As the financial system collapses, the elites will make their final, desperate move: a deliberate blackout. This power grid shutdown will be a calculated act to plunge the world into darkness and fear, aiming to prevent a complete financial meltdown and keep us subdued.

But this blackout is also the trigger for a massive change. It will activate the Emergency Broadcast System (EBS), signaling the end of the old financial order and the birth of the Quantum Financial System (QFS), designed to liberate us from elite control.

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The Emergency Broadcast System: Catalyst for Change

The recent EBS test was more than a drill—it was a rehearsal for the upcoming financial reset. When the blackout occurs and the EBS activates, it will mark the end of the old world and the rise of a new financial order, powered by QFS, GESARA (Global Economic Security and Reformation Act), and NESARA (National Economic Security and Reformation Act).

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The Quantum Financial System: A New Dawn

The QFS is not just a new financial system; it is a revolutionary, decentralized, and incorruptible system powered by quantum technology. It will ensure fair wealth distribution and dismantle the power of the global elites, ending their long reign of financial tyranny.

This system will be immune to the corruption and manipulation of the old order, rendering it obsolete. The impending blackout will act as a catalyst for this transformation, making way for the QFS to usher in an era of freedom and prosperity.

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The Fall of the Elites: A New Era Begins

The Black Swan Event will mark the end of the global elite’s dominance. The stock market crash, blackout and EBS activation are all part of a grand plan to liberate us from their control. The old world is collapsing, and the elites’ attempt to maintain their power will fail.

When the lights come back on, a new world will emerge. The QFS will replace the old systems, GESARA and NESARA will reshape our financial landscape, and the power of the global elites will be shattered. The age of financial tyranny is ending, and a new era of freedom and prosperity is about to begin.

Prepare now, for once the lights go out, there will be no turning back. The old world is dead; the new era has begun.

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Judy Note: With Intel on the GCR almost none existent, it is my opinion that, as Head of the Redemption Committee Dr. Charlie Ward has repeatedly stated, Tier4b would not be sent notification to set exchange/ redemption appointments until after a Global Financial Crash.

Read full post here:  https://dinarchronicles.com/2024/08/24/restored-republic-via-a-gcr-update-as-of-august-24-2024/

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

Frank26  We found out the 3 zero notes are going to coexist with the lower notes for 10 years.  Do you understand the power behind that?  That means we're going to be able to participate in not only the float but the Real Effective Exchange Rate (REER).

Militia Man    We've been here for what...20 years, right?  ...The Truth is today it's not the same.  Nothing 20 years ago has anything to do with today.  You might just hang your hat, chill out and get back on board and pay attention...

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Gerald Celente: I’m Buying More Gold, Your Money Will be Seized As Economy Collapses

Daniela Cambone:  8-23-2024

Does Gerald Celente think the Gold is in Fort Knox and where does he see it headed? “Gold could soar to $3,000 an ounce this year,” predicts the legendary trend forecaster and publisher of the Trends Journal.

In a no-nonsense interview with Daniela Cambone, he breaks down why it’s not complicated: When interest rates drop, the dollar tanks—and that sends gold prices soaring.

 "It’s not rocket science," he says. Celente goes even further, exposing why today’s economy is a fragile house of cards waiting to collapse.

 He also dives into the looming presidential elections, the harsh reality behind inflation, and why the average American is struggling more than ever.

Don’t miss his bold predictions and insights in this explosive conversation.

https://www.youtube.com/watch?v=AMO89HrVuxo