How Genghis Khan Is Driving Your Grocery Bill Higher

How Genghis Khan Is Driving Your Grocery Bill Higher

Notes From the Field By James Hickman / Simon Black August 27, 2024

Over eight hundred years ago, in what is now northwestern China, the Uyghur people— long before they were carted off to internment camps by the Communist Party— ruled their own independent kingdom, known as Qocho.

Then, in the year 1209, Genghis Khan sent diplomatic emissaries to Qocho. The message was clear: the Great Khan wanted to avoid a bloody military campaign, and he proposed a peace offering instead.

Genghis Khan’s deal was simple: the Uyghur people would keep their rulers, their infrastructure, their religion, and their customs. Their soldiers would live. Their buildings would not burn. Their women would not be touched. They would even be granted a high degree of autonomy.

And in exchange, they would provide the Mongol Empire with administrative support, as the Uyghurs were famously adept in governance and literacy.

The Uyghur ruler, recognizing the military strength of the Mongols and the benefits of an alliance, voluntarily accepted these terms, avoiding destruction.

Genghis Khan is generally known to history as a butcher and conqueror. But he was also a fairly skilled diplomat; he understood that it was far better to talk and settle matters peacefully than to go to war.

Through peaceful negotiation, lives could be spared, resources conserved, and vital economic assets preserved— not just for his own empire but also for the kingdoms he sought to absorb. This meant more tax revenue for him, and prosperity for everyone.

Fast forward to the present day, and Genghis’s namesake— Federal Trade Commission (FTC) Chair Lina Khan— has taken the opposite approach. She wants to go to war... which in our modern era means lawsuits. She has no interest in diplomacy, discussion, or compromise; she just wants to sue businesses and take them to court.

Bear in mind, the FTC was created in 1914, back when a handful of huge companies wielded monopolistic control over key industries in America. So the government set up the FTC to protect consumers from being squeezed by these powerful monopolies.

But a century later, Genghis Khan is using the vast powers of her office to wage war on legitimate business... and even capitalism itself.

A few months ago, for example, Genghis decided to ban “non-compete” clauses from employment contracts. This is one of the fundamental principles of capitalism: a voluntary agreement between an employer and employee to protect a company’s investment and intellectual property.

But Genghis Khan wouldn’t hear of it. So she banned non-competes, even though she had absolutely no legal authority to do so. And this is typical of her— she just invents whatever authority she wants.

Another example we talked about a few months ago— Genghis filed a lawsuit against two major grocery store chains (Albertsons and Kroger) to prevent them from merging.

Her claim is that the merger will harm labor unions, though she offers absolutely no reasonable explanation or evidence to support this assertion.

More importantly, her job is to protect CONSUMERS.... not labor unions. But here we have it again: Genghis Khan has once again invented new authority for herself to be the Protector of Unions... even though Congress never tasked her with that mission.

The whole thing is so absurd, in fact, that the FTC has no reason to suspect that the merger of these two grocery store chains will harm anyone at all. If anything, consumers should benefit.

The supermarket industry is extremely competitive, with traditional grocers now having to compete with tech companies, co-ops, farmers' markets, delivery apps, big-box warehouses like Costco, and even Walmart and Amazon.

For Albertsons and Kroger, it’s clear that a merger makes sense; it helps them optimize their cost structure, achieve greater efficiencies, and thus deliver savings in the form of lower prices to consumers.

And lowering prices isn’t some altruistic act by these companies; lower prices will make them more competitive.

But Genghis Khan has no understanding of how capitalism works. In the sentiment of her fellow Marxists, she views capitalism as a zero-sum game, best encapsulated by AOC’s false logic: “No one ever makes a billion dollars. You take a billion dollars.”

This way of thinking is completely false. Sure, 1,000 years ago when the real Genghis Khan was conquering the world, economics was indeed a zero-sum game. Nations got richer by plundering their neighbors, and individuals became wealthier by taking from others.

But that’s not what modern capitalism is about. It’s not a zero-sum game. Capitalism is about making the pie bigger. It’s about value creation. It’s about making everyone better off— workers, customers, investors, even the government that collects tax revenue. Everyone wins.

But FTC Chair Genghis Khan acts like it’s still the year 1209. She doesn’t understand modern economics or the value creation principles of capitalism. So her tendency is to engage in warfare— not with soldiers on the battlefield, but with lawyers in a courtroom. Albertsons and Kroger never had a chance.

For example, the FTC initially howled that the combined Albertsons and Kroger company would have too many locations. OK fine. So the companies promised to sell off a percentage of their stores, and they even found a buyer.

Then the FTC claimed there wouldn’t be enough stores, and competition would suffer.

“Damned if I do, damned if I don’t.” Again, the companies never had a chance. There’s no satisfying Genghis Khan. She doesn’t want to talk. She doesn’t want a solution. She just wants to go to war.

The hearing started yesterday, and both sides showed up to court ready to fight. I’m keeping my fingers crossed that the case is quickly dismissed, or that reason prevails in court.

Either way, it’s not a great outcome. If Genghis wins, food prices are likely to rise. But even if she loses, she’ll just find some other business to attack, or some other pillar of capitalism to assault.

In Genghis’s mind, lawfare is always and everywhere the answer. And somehow we are all supposed to become more prosperous because of it.

That’s capitalism in the 21st century, folks: the federal government will sue its way into prosperity.

Unfortunately, Genghis Khan is not isolated in her way of thinking. In fact, one of her biggest cheerleaders is none other than Kamala Harris, who has applauded this lawsuit for taking on “corporate greed.”

This is the sad lie they always use try to explain inflation; rather than acknowledge that their own policies and profligate spending have led to higher prices, they blame greed. And promise to sue their way to lower prices. It’s genius.

And it’s not just Kamala either— Joe Biden, Elizabeth Warren, AOC, Bernie Sanders, and a whole bunch of other very vocal supporters (surprisingly from both parties) are all on board with this idiotic approach.

It represents an obvious risk to prosperity and success. And that is something that should be factored into the long term planning of anyone who wants to build anything of value in America.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

PS-

This doesn’t mean it’s impossible to build or maintain wealth in America. But in this type of environment, there are certain steps that are necessary to take in order to make sure you can come at the problems these people cause from a position of position of strength.

That’s why we started Schiff Sovereign: Premium, a highly educational, month-by-month guide that is designed to help you navigate the world from a position of strength, both personally and financially.  Click here to learn more.

https://www.schiffsovereign.com/trends/how-genghis-khan-is-driving-your-grocery-bill-higher-151339/

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-27-24 Part 2

Good Afternoon Dinar Recaps,

RIPPLE NEWS: Russia to Begin Trials of Crypto Payments and Exchanges on September 1—Will They Use XRP?

▪️Russia is set to start a trial for cross-border payments in digital tokens in September to ease the pain of crippling sanctions, sources tell Bloomberg.

▪️Only a scalable blockchain network with low fees and real-time transactions can serve the country, which has over 144 million residents, making XRP one of the best candidates for the role.

Since the conflict with Ukraine started, Russia has become the world’s most sanctioned nation. For months, the government has relied on short-term fixes, which have helped prop up the ruble and keep the financial system afloat.

However, the weight of global isolation is catching up with Russia, and sources now say that the government is exploring crypto.

According to sources who spoke to Bloomberg, Russia intends to start the trial on Sunday. It will rely on its National Payment Card System to facilitate the swap between the country’s ruble and crypto tokens.

The system was created in 2014 to provide faster and cheaper payments for Russians. Today, it underpins the country’s interbank payment systems and the Mir, the national card payment network.

According to the two sources, the government picked the system as it already contains instant payments and features like interbank clearing, making it easier to integrate with all existing financial rails. The system is also operated and regulated by the central bank, giving the government added confidence.

The move, which hasn’t been made official or public at press time, is no surprise. President Vladimir Putin’s administration has been softening its stance on crypto in recent months. 

Last month, legislators legalized crypto mining in the country, as we reported. The lawmakers also laid the groundwork for the testing of digital tokens for payments.

Two weeks ago, Finance Minister Anton Siluanov revealed that the government was working on legalizing crypto exchanges. However, he clarified that suitable regulations had yet to be formulated to make this possible.

“We haven’t found a solution yet on how to do this,” he said.

Crypto to Evade Crippling Sanctions—Does XRP Offer the Best Alternative?

Crypto might be Russia’s best to evade sanctions. While these sanctions encompass every fabric of the country’s economy, Western nations have mainly targeted Russia’s money, seeking to limit the country’s ability to send or receive money.

According to the BBC, the sanctions have frozen around $350 billion of Russia’s foreign currency (which accounts for half the country’s total reserves). 70% of the country’s banks have been frozen from the global economy, including being restricted from SWIFT.

Crypto offers a decentralized option whose access can’t be restricted by centralized entities, and sanctioned countries, including China, Russia, Iran, and Venezuela, are increasingly exploring it as an option.

Of the 10,000+ cryptos that Russia can turn to, XRP offers the best alternative. For one, XRP is already a massive player in the global movement of money, with its products and networks being integrated by some of the world’s largest financial institutions.

In some countries like Japan, over 80% of the banks are working on integrating crypto. Its low fees, instant transactions, and robust ecosystem make it superior to its peers.

XRP trades at $0.5913, losing 0.6% in the past day.

@ Newshounds News™

Source:  CRYPTO NEWS FLASH

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China considers sanctions against its companies due to ties with Russia illegal

According to the statement, such actions by Western countries "meet their egoistic interests, though [they] are not based on facts, with the international community not to accept them at any time"

BEIJING, August 27. /TASS/. Beijing considers unilateral sanctions imposed by the US and its allies against Chinese enterprises for suggested ties with Russia illegal, special envoy of the Chinese government Li Hui told a briefing following the fourth round of shuttle diplomacy on discussion of the conflict in Ukraine with Brazil, Indonesia and South Africa.

"Some countries take advantage of the crisis, winning their allies over to their side and continuing shifting responsibility [for the crisis]. Moreover, they are trying to throw around words on China’s responsibility," he said. "Using illegal unilateral sanctions, they threaten normal trade with Russia," Li Hui added.

Such actions by Western countries "meet their egoistic interests, though [they] are not based on facts, with the international community not to accept them at any time," he stressed.

After the beginning of the special military operation in Ukraine the US and the European Union imposed a number of sanctions against Chinese enterprises for allegedly supporting Russia’s defense industry. Beijing rejects those accusations, noting that they are unfounded.

Li Hui visited Brazil, Indonesia and South Africa from July 27 to August 8 for discussing the Ukrainian crisis.

@ Newshounds News™

Source:  TASS

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Listen and learn from this man. He has facts and shares with us as we all wait. Share with others!

August 28, 2024 12:00 Central Noon, 1 PM ET

Listen Here - Podcast Room https://t.me/+VAm-AlWWqWPzyK8G

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Take a look at Isaac's Photos of His Currency  LINK

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BRICS NEWS: Payments in Chinese Yuan Overtake US Dollar by 2.5%, Crypto Payments Next?

▪️ The Chinese yuan’s profile in global payments and trade is rising, overtaking the US dollar as the most used currency in cross-border payments in China.

▪️ It’s also making a mark in other countries and was the most traded currency on Russia’s Moscow Exchange last year.

The US dollar has dominated global commerce for decades, and today, it accounts for around 60% of all global currency reserves. However, the tide could be slowly turning as more countries recognize the power that a currency wields and seek to prop up their own.

One of the leading contenders is China’s yuan, officially known as the renminbi. While China is the world’s second-largest economy and the nexus of global manufacturing, its currency has failed to keep up with the country’s ascent since the turn of the millennium.

The yuan has failed to rival the USD and has even fallen behind the euro, sterling pound, and the Japanese yen.

However, global political realignments are changing the currency landscape. China is now closer than ever to Russia and has even courted other major economies as members of BRICS, including Brazil, India, the UAE, Egypt, and South Africa. 

These nations are collectively against the USD’s domination and have been working on a blockchain-based alternative, as we have reported.

This solution could take a bit longer, as some of the BRICS leaders have admitted, and in the meantime, China’s yuan looks like the de facto currency of choice.

The Yuan Gains Ground—Is Crypto Next?

Last year, the yuan overtook the USD in cross-border commerce for the first time ever in China, accounting for 48%, while the dollar hit 46.7%. This was seen as a significant event that ushered in a new era of de-dollarisation for Asia’s largest economy.

It doesn’t end there. By the end of 2023, the yuan emerged as the most traded currency on the Moscow Exchange. It accounted for 42% of the trades, edging the dollar’s 39.5%, as reported by Reuters and other local Russian outlets. Yuan volume tripled to 34.15 trillion rubles ($385 billion), while that of the USD dipped.

This trend is bound to only get stronger. For one, Russia, China, Iran and several Middle-Eastern nations that are warming to BRICS are subject to sanctions from the US and its allies in Europe and Asia. Russia, in particular, is now the most sanctioned nation in history. This has denied its banks and payment systems access to the global payments grid.

Russia has been experimenting with crypto as a go-around, as we reported. However, in cross-border trading with allies like China, the yuan and ruble are more suited.

The USD isn’t going to be threatened overnight. America is still the world’s largest economy, and the country enjoys the support of Europe and some of Asia’s largest economies, including Japan and South Korea.

However, de-dollarisation is certainly on course. And once the greenback is out of the picture, the yuan could become one of the key players. Gradually, crypto could also play a much more significant role, especially if China changes its stance against crypto, as has been reported.

@ Newshounds News™

Source:  Crypto News Flash

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Economist’s “News and Views” Tuesday 8-27-2024

BRICS Launches Intrabank System: Disruption of Western Finance System?

Fastepo:  8-27-2024

Over the past month, BRICS has seen substantial developments that underscore its growing influence on the global stage, from financial banking system to group expansion.

As of August 2024, around 40 to 47 countries from various regions, including Africa, Asia, and South America, have expressed their desire to join BRICS.

 This interest is fueled largely by the bloc's potential to challenge the current global economic order, which is heavily dominated by Western institutions like the IMF and World Bank. Many of these nations are seeking to diversify away from reliance on the U.S. dollar, as they perceive this dependency to pose significant risks to their economies, especially considering potential U.S. economic downturns.

 In parallel to its membership expansion, BRICS is advancing initiatives to create alternative financial systems.

 For example, the BRICS New Development Bank has approved 98 infrastructure projects totaling $33 billion since its inception, positioning itself as a credible alternative to Western-dominated financial institutions. Additionally, the group is working towards an intra-bank payment system, aimed at reducing reliance on the dollar in cross-border transactions, which is seen as a key step toward de-dollarization.

 In this video, we take you through the latest development of BRICS as of August 2024.

https://www.youtube.com/watch?v=OpvUi03A0q0

China & Japan Just Ditched All US Imports!

Tech Beat:  8-27-2024

In this video, we look at the dramatic shift in global trade dynamics as China and Japan make the courageous decision to severely decrease, and in some cases altogether halt, their imports from the United States.

This development marks a watershed moment in the economic connections between three major world powers, raising critical questions about the future of international commerce.

We look at the reasons behind this abrupt choice, such as continued trade disputes, geopolitical strategies, and China and Japan's growing push for economic self-reliance.

 We also look at the potential ramifications for the global economy, particularly for industries and firms that have long relied on strong trade relations between the United States and these two Asian powerhouses.

Furthermore, we will examine the ramifications for the United States and its role in the global market.

Could this signal the start of a larger move away from US economic influence? How will this affect consumers, businesses, and the entire economic landscape?

 Join us as we dissect the data, share expert perspectives, and examine the larger implications of this significant development.

https://www.youtube.com/watch?v=37MWwol1-_U

A Huge Bombshell is About to Hit U S Banks in a Massive Way

Atlantis Report:  8-27-2024

The aftermath of an aggressive tightening cycle, marked by historic interest rate hikes, is giving way to a new phase that could see the Federal Reserve resorting to rate cuts. However, conflicting signals and uncertainties surrounding the timing of these rate cuts are raising concerns among investors.

Against this backdrop, the banking sector is grappling with significant risks, and it appears that a huge bombshell is about to hit US banks.

https://www.youtube.com/watch?v=oKeQqKzd-2g

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-27-24

Good Afternoon Dinar Recaps,

RIPPLE Partner Nium Adopts JP. Morgan Payments: Is an XRP integration in the Works?

▪️J.P. Morgan discloses that Nium made a breakthrough in its global expansion following a strategic partnership that made its real-time solutions available for use.
▪️Nium operates in more than 220 countries, and its cards are issued to more than 30 countries globally.

Ripple’s partner, Nium, known for seamless real-time cross-border payments for financial institutions worldwide, earlier sealed a strategic partnership with J.P Morgan Payments.

According to reports, this development has enabled the Singapore-based fintech to navigate the complex regulatory structure in Asia Pacific that initially acted as a headwind against its expansion.

As multiple sources have captured, Nium leverages J.P. Morgan Payments customized solutions, including real-time and automated cross-currency solutions, to offset the foreign exchange risk associated with its cross-border and cross-currency transactions.

According to Nium, the provided solutions have helped it address the issue of exchange rate fluctuation and long-term shifts, which threatened its financial stability, customer demand, and profitability.

Nium has also been assisted in optimizing its banking set-up to experience the necessary upgrade critical for its expansion. Most importantly, this was achieved by capitalizing on JP Morgan’s global infrastructure and resorting to local best practices.

More on the Impact of J.P Morgan on Nium

Commenting on this, the Head of Compliance APAC, Nium Joey Tang, explained how J.P. Morgan’s experience has been crucial in its journey to the top.

We need a trusted bank that can help us navigate through complex currency restrictions and provide scalable solutions that can be easily extended to new markets. This gives us the flexibility to grow our business. J.P. Morgan Payments is our natural choice.

An official report was found on the JP. Morgan’s website mentions that the collaboration has enabled Nium to witness unimaginable expansion and growth, as it operates in more than 220 countries.

 Also, it has issued cards to over 30 countries so far. In the future, Nium, assisted by JP. Morgan, would solve its existing payment challenges and unlock the full potential of the global economy.

Also, the possibility of Nium going public, as we reported last year, is still high as the company records growth in several areas of its operation.

According to Anupam Pahuja, the EVP and General Manager of APAC & MEA, Nium, the company would continue to expand as long as it closely collaborates with the bank.

Nium has grown rapidly in recent years, and we’re excited to continue expanding globally with J.P. Morgan Payments as our trusted ally.

Following this publication, XRP enthusiasts have rekindled hopes that the popular bank could collaborate with Ripple to expose the asset to similar breakthroughs.

Long time #Ripple partner Nium has begun using JPMorgan Payments to better serve their customers with collections and global FX rails. This would seem to be an alternative to #Ripple products or perhaps just additional rails for Nium’s platforms.

Last year, a JP. Morgan’s report captured how banks could leverage Central Bank Digital Currencies (CBDCs) for corporate purposes. The report highlighted Ripple, SWIFT, and the CLS Group as the entities that address the issues of such payments and delays.

Specifically, the bank acknowledged the real-time nature of the cross-border payment infrastructures that use XRP as a settlement instrument. However, it highlighted the inherent volatility issue of Ripple’s system.

High volatility of XRP leading to limited willingness from banks in using it to facilitate payments.

@ Newshounds News™

Source:  Crypto News Flash

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MOSCOW TO HOST 6TH INTERNATIONAL MUNICIPAL BRICs FORUM

MOSCOW, August 27. /TASS/. The 6th International Municipal BRICS Forum will be held in Moscow’s Expocenter on August 27-28, 2024, the press service of the Moscow Department of Foreign Economic and International Ties said.

"The forum will be the largest international floor, where representatives of government authorities and the business will share the advance experience and discuss key issues of municipal cooperation," the press service said.

Delegations from 126 countries are expected to take part in the forum along with representatives of Russian regions. More than 5,000 participants from 500 cities of the world will discuss:

▪️current economic problems
▪️digital technology spheres
▪️environment
▪️municipal infrastructure
▪️transport
▪️healthcare
▪️education
▪️culture

@ Newshounds News™

Source:  TASS

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The Secret To America's Takedown - Economic Ninja|  Youtube

@ Newshounds News™

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Lynette Zang’s Ultimate Warning To SILVER Stackers! |  Youtube

Good video on the value of owning Gold and Silver.

@ Newshounds News™

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Listen and learn from this man. He has facts and shares with us as we all wait. Share with others!

August 28, 2024 12:00 Central Noon, 1 PM ET

Listen Here - Podcast Room https://t.me/+VAm-AlWWqWPzyK8G

Replays - YouTube Currency Facts - YouTube

Ask your questions in the Living Room: Link Directly from Isaac when ask for a bio

“But understand I do not have contacts. Isaac

"I have buyers the us treasury , DOD , Admiral , HSBC several big platforms that I have signed contracts with all and they paid already for the inspection several times" Isaac

Take a look at Isaac's Photos of His Currency  LINK

@ Newshounds News™

Source:  Isaac's Call

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

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More News, Rumors and Opinions Tuesday Afternoon 8-27-2024

TNT:

Tishwash:  Parliamentary Finance Committee confirms that it will soon resume its investigation into changes made to the General Budget Law tables

The Parliamentary Finance Committee confirmed that it will soon resume its investigation into changes to the general budget law tables that were officially approved by the Council of Representatives, and objected to by the Prime Minister's Office.

Committee member, MP Moeen Al-Kazemi, said in a statement to the National Iraqi News Agency ( NINA ), that "the parliamentary investigation committee assigned by the Finance Committee will resume its work soon, to determine the reasons for the change in the general budget tables officially signed by the Speaker of Parliament and sent to the Council of Ministers."

He added, "The government is working with its tables approved by the Council of Representatives, and there is no financial damage to the public treasury," indicating, "The work on the general budget ceiling of 226 trillion dinars has been suspended, and the government is proceeding with implementing its tables that were approved by the Council of Representatives."

He explained, "The Parliamentary Finance Committee is following up on the reasons for the difference between the government version of the general budget tables and the paper and electronic version of the Council of Representatives."  link

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Tishwash:  Saleh: PM's visit to Egypt, Tunisia will serve national, regional interests

The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, explained today, Tuesday, the importance of Prime Minister Muhammad Shia al-Sudani's visit to Egypt and Tunisia, stressing that this visit will develop strategic partnerships and will bring economic benefits to Iraq and those two countries, in addition to serving national and regional interests.

Saleh said, in a statement to the media, followed by "Al-Eqtisad News", that "the visit of Prime Minister Mohammed Shia Al-Sudani to Egypt and Tunisia is important, especially since they are the incubator of the Arab League in two different time periods, and they have long historical relations with Iraq."

He added that "the Prime Minister's visit to Egypt and Tunisia is of great importance from several aspects, most notably strengthening bilateral relations and enhancing cooperation in the fields of economy, cultural and educational exchange," noting that "this important visit will open the way for signing economic or technical agreements or memoranda of understanding that serve the common collective interest."

He stressed that "this visit will enhance the follow-up of ways of joint cooperation, especially the development of existing projects in construction and housing undertaken by companies from the two countries, especially Egypt, in addition to enhancing trade and investment with the two sister countries, which will benefit the national economy of Iraq and those two countries, in addition to enhancing positive rapprochement between the peoples and sons of the region. The visit will also provide an opportunity for consultation on international and regional issues of common interest."

Saleh stressed that "the Prime Minister's visit to Egypt and Tunisia will develop strategic partnerships and achieve common goals that serve national and regional interests."    link

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

Nader From The Mid East  Community comment: "Iraq is not a safe country."  Why?  United States a safe country?  When you look at Chicago, Philadelphia, New York and all that you think it's safe?  Fear.  Everywhere it's bad and good are everywhere...Tell you the truth it's safer in Iraq than Chicago.  Visit the country and then judge.  You cannot judge because you heard something on the news or somebody told you something.  I was there two weeks ago.  I've been going back and forth.  My kids been going back and forth.  Everybody's been happy.

Mnt Goat   Article: “IS IT TIME TO REMOVE THE ZEROS?”   Article Quote: "...with the use of electronic payment operations, the environment will be mature and acceptable for the idea of ​​implementing the decision to delete zeros, and the process will be automatic without the citizen feeling it.”  ...the CBI wants this event to be almost transparent and smooth to the citizens...the solution is to digitize, then this will enable them to switch out the currency almost seamless to the citizens...They must implement the digitization program first in ALL banks... Iraq is optimistic in getting the electronic initiative completed sooner than later. They are not talking about years.

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BREAKING NEWS: DRP (Develop Road Project) Quadripartite Meeting Scheduled for Next Week

Edu Matrix:  8-27-2024

BREAKING NEWS: DRP Quadripartite Meeting Scheduled for Next Week

https://www.youtube.com/watch?v=bZIdxV3kik0

The "BIG SHORT" 2.0.... ITS HAPPENING RIGHT NOW. And This Is What YOU NEED TO KNOW

Greg. Mannarino:  8-27-2024

https://www.youtube.com/watch?v=PY-hfra7ORM

Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-27-24

Good Morning Dinar Recaps,

Cardano Founder Hints at New ‘Partner Chain’ Collaboration with Algorand: What’s Next for ADA?

▪️ Charles Hoskinson, Cardano’s CEO, praised Algorand’s blockchain technology and suggested a partnership for decentralized AI projects.

▪️ The much-anticipated Cardano Chang hard fork has been delayed to September 1, causing concerns within the community.

Cardano CEO Charles Hoskinson has expressed a strong interest in Algorand’s blockchain technology, suggesting a potential collaboration focused on decentralized artificial intelligence (AI) initiatives.

This potential collaboration can yield a lot of benefits for both Cardano and Algorand in the growing AI market.

Algorand has been receiving a lot of attention lately, and this has led Charles Hoskinson to express his opinion on the project. Furthermore, he stated that Algorand, in conjunction with a tailored proof of work suitable for AI tasks, could be a promising decentralized AI platform within the crypto market. 

This recognition from Hoskinson highlights the strategic value he sees in Algorand’s technology, particularly in its application to AI-driven projects.

Hoskinson also suggested that Algorand could be a partner chain to Cardano, a partnership he thinks can harness the full potential of Minotaur, Cardano’s proof-of-stake/proof-of-work multi-asset consensus protocol.

Such a partnership could open up new avenues of benefits that would improve blockchain networks, foster innovation, and increase its application in the sphere of AI.

Algorand CTO Responds Positively to Collaboration Proposal

In response to Hoskinson’s statements, Gary Malouf, the Chief Technical Officer of Algorand Technologies, expressed his interest in the cooperation.

Malouf pointed out that previous conversations about the integration of AI capabilities have taken place, which means that there is some level of coordination between the two blockchain networks.

In response to this exchange, Hoskinson told IOHK’s Chief Technology Officer, Romain Pellerin, to arrange a meeting to discuss the proposed collaboration. Pellerin agreed excitedly, saying that it would be great to have Algorand as a partner chain.

Although this partnership is currently nascent, the conversation between the two blockchain pioneers suggests that the partnership between IBM and Microsoft could lead to a significant integration of AI and blockchain.

Chang Hard Fork Experiences Another Delay

In another major event, the long-awaited Cardano Chang hard fork has again been delayed, with a new expected launch on the 1st of September. As we previously reported, the initial plan was to take place on August 27, but this shift has caused some concern among the Cardano community.

The Chang hard fork is a vital upgrade that will change the face of Cardano’s governance model, signifying the start of the Voltaire era and paving the way for a completely decentralized and autonomous network.

Charles Hoskinson complained about the delay, mentioning that even large exchanges like Binance have not yet announced their support for the upgrade. He especially stressed the need to adhere to the timelines, saying that all the parties should hasten their work.

In addition to the hard fork, there has been a lot of development activity in the project recently, even more than Ethereum in terms of GitHub pull requests.

This rise in activity is in line with the ongoing development of the Cardano ecosystem, whereby the developers are still working on new upgrades and projects whose intention is to improve the network.At the time of writing,

ADA was trading at $0.379, marking a 2% increase over the past 24 hours.

@ Newshounds News™

Source:  Crypto News Flash   

~~~~~~~~~

Russia plans stablecoins, 2 crypto exchanges to circumvent sanctions

Last week Russian news outlet Kommersant reported on the planned creation of two cryptocurrency exchanges for foreign payments to circumvent sanctions, citing sources.

The aim is to create stablecoins for the Chinese yuan and a BRICS currency basket. It’s expected that initially individuals won’t be able to take part, given the goal is to support importers and exporters.

Russia passed legislation in late July allowing cryptocurrency exchanges to operate as part of cryptocurrency experimental legal regime (ELR) under a program developed by the central bank.

The use of stablecoins rather than un-backed cryptocurrencies makes sense given the central bank’s role.

UPDATE:  shortly after publication, Bloomberg said that preliminary tests start this weekend, citing sources. These trials will use the National Payment Card System to swap rubles for any cryptocurrencies using an existing crypto exchange.

Use of the card system gives the central bank oversight. The outcome of these preliminary tests will determine steps around the potential creation of crypto exchanges next year, as described below. Bloomberg’s sources reiterated the same two exchanges.

The Kommersant article was a little controversial. It stated that one of the cryptocurrency exchanges might involve the Moscow Exchange. The other exchange will use the St. Petersburg Currency Exchange (SPCE) database for foreign economic activity.

While the currency exchange disputed this point, it would make sense to use its database, given the currency exchange knows the details of the importers and exporters. Interfax, the state news agency, published a report in which the St. Petersburg Currency Exchange (SPCE) strongly denied involvement.

The Moscow Exchange runs the main currency exchange, but trading in dollars and euros came to an abrupt halt in June when OFAC placed it on the sanctions list. Hence, it also has data on who might qualify as a professional for FX trading in stablecoins.

There may be some confusion between two entities that we suspect are not related. The sanctions and sanction busting sometimes resemble Whac-A-Mole. Every time Europe or OFAC sanctions an entity or methodology, Russia tries something else.

Russia has iterated through foreign branches, digital financial assets involving tokenized commodities, CBDC, crypto and others. The foreign branches are gradually getting sanctioned, with warnings not to open new ones. And most of the digital financial asset (DFA) issuing platforms and known cryptocurrency exchanges have also been sanctioned. Sanctions announced this week cover commodities.

Sanctions and two similar sounding Russian entities

There are two Russian entities with similar names. There is the Saint Petersburg Currency Exchange known in English as SPCEX or SPVB and in Russia as JSC SPB, versus the Saint Petersburg Stock Exchange (PJSC SPB). OFAC sanctioned the stock exchange in November 2023. We don’t think the currency exchange has yet been sanctioned directly, but there’s a caveat.

It is believed that state owned bank Promsvyazbank controls the currency exchange. The bank was one of the first on the sanctions list, which includes subsidiaries and hence the currency exchange.

However, as the ownership isn’t entirely clear, it’s conceivable the currency exchange may have been ignored so far. That may be why it doesn’t want to be associated with the crypto exchange.

Google translates the currency exchange acronym СПВБ as the Saint Petersburg Stock Exchange.

On the other hand, the sanctioned stock exchange is registered as a digital financial assets platform. In a May interview, its CEO said its involvement as a cryptocurrency exchange operator was under discussion. However, we believe it’s the currency exchange that has the useful data.

While the Russian end isn’t clear yet, nor is the other side. If Russia wants to use a Chinese currency stablecoin, what assets would form part of the reserves? Likely it will use the excess reserves Russia received for all payments.

Which cryptocurrency exchange will be used on the Chinese end? Will China allow some off-ramping from a stablecoin to the mainland? Or will it be via Hong Kong?

An even bigger question is this: in the absence of CBDC, could stablecoins form the interim foundation of the so-called BRICS Bridge for local currency payments?

@ Newshounds News™

Source:  Ledger Insights

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They Are Taking Our Silver  |  Youtube

@ Newshounds News™

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

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Follow the Timeline 

Seeds of Wisdom Team™ Website

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Thank you Dinar Recaps

"Tidbits From TNT” Tuesday 8-27-2024

TNT:

Tishwash:  Sudanese meets Sisi

Prime Minister Mohammed Shia Al-Sudani arrived at the Alamein Presidential Palace in Egypt.

He was received by the President of the Arab Republic of Egypt, Abdel Fattah El-Sisi, and they will discuss "the overall bilateral relations between the two countries, and the latest international developments in the region. He will also hold extensive discussions with his Egyptian counterpart on enhancing joint cooperation in various fields and sectors."

Al-Sudani arrived in Egypt this morning, accompanied by a ministerial delegation.  link

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

Al-Sudani begins official visit to Egypt and Tunisia

Prime Minister Mohammed Shia Al-Sudani began an official visit to the Arab Republic of Egypt and the Republic of Tunisia on Tuesday morning.

This came in a brief statement issued by Al-Sudani's media office without going into further details. link

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

Tishwash: Revealing the main currency used in Iran's trade with Iraq

 Shaaban Forotan, a member of the board of directors of the Iranian-Iraqi Joint Chamber of Commerce, revealed today, Tuesday, that the largest part of trade between Iraq and Iran, in terms of traders and exporters, is carried out through the Iranian riyal.

"Most Iranian exporters now work in riyals in trade with Iraq, and financial transactions between the two countries will continue without using the Iranian riyal, i.e. also in dollars. This does not mean the complete elimination of the dollar, but a large portion of traders conduct their transactions without the dollar," Forotan said in statements to Iranian media.

He explained that "the commitment to trade in dollars does not include all product groups, but the exchange of riyals into dollars cannot be implemented due to the sanctions imposed on banks, and riyal traders earn from selling goods in the Iraqi market through their contacts with the stock exchanges of Iraq and Iran or a third country such as the United Arab Emirates, and they do not have the possibility of direct settlement."

He pointed out that "the supply of Iranian goods faced a problem in the Iraqi market, which is the multiple increase in the prices of goods in Iran during the year, while it is expected that prices will increase only once a year   link

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

Tishwash:  Economist: Iraq Stock Exchange suffers from lack of liquidity

Economic expert, Saif Al-Halfi, confirmed that the Iraqi Stock Exchange is currently suffering from a lack of liquidity, due to the weak confidence of foreign investors in the Iraqi market.

Al-Halfi told Al-Eqtisad News that the Iraqi stock market suffers from a lack of liquidity, as trading rates are still relatively low compared to other markets in the region, noting that the daily trading volume may reach 3 billion dinars per day in the best case.

He stressed that the market value of the companies listed on the market exceeds 12 trillion dinars.

Most listed companies are seeing their shares decline as a result of lower demand and the exit of a number of foreign investors from the market.

Al-Halfi pointed out that foreign investors' confidence in the Iraqi market is still low due to unstable political and economic factors, as well as the lack of legal and procedural facilities for opening accounts for foreign investors, in addition to the weakness of the infrastructure in electronic trading.

  He pointed out that the lack of technology and modern financial infrastructure, including digital banking services and advanced electronic trading platforms, affects the efficiency of the market and its ability to attract investors, and that the development of the banking system will be positively and directly reflected in the development of the performance of market indicators.

Al-Halfi stressed the government's role in promoting the stock market through economic reforms, supporting small and medium enterprises, and encouraging foreign investments.

Al-Halfi concluded his speech by saying that the Iraqi stock market reflects a complex reality that can be described as a mixture of pain and sadness as a result of the great challenges it faces, with some opportunities for joy and profits if the economic and political conditions improve  link

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Al-Mandlawi: Iraq focuses on the economic and investment aspect through concluding bilateral international agreements

Acting Speaker of the Council of Representatives, Mr. Mohsen Al-Mandalawi, confirmed today, Monday, that Iraq is focusing on the economic and investment aspect by concluding bilateral international agreements.

Al-Mandlawi's office said in a statement received by the Iraqi News Agency (INA), "Acting Speaker of Parliament Mohsen Al-Mandlawi met, at his residence today, Monday, with the US Deputy Ambassador to Iraq, and the Director of the Political Section at the Embassy, ​​Michelle Siders, and the accompanying delegation, to discuss a number of files of mutual interest, and to discuss the latest developments in the region."

He added that "during the meeting, the future of joint relations was discussed, and ways to develop them to serve the interests of the two friendly peoples, and the emphasis was placed on Iraq's keenness to establish balanced relations with its regional and international surroundings based on cooperation and mutual respect, and contributing to the country's growth and progress and achieving the people's hopes and aspirations."

Al-Mandlawi pointed out that "Iraq is currently looking forward, after the security situation has stabilized and ISIS gangs have been eliminated, to focusing on the economic and investment aspect through solid bilateral agreements and understandings capable of achieving comprehensive economic development in the country   link

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

Mot: things that make you go hmmmm 

Mot: Beeeeee Aware! - Just in Case!!!! 

News, Rumors and Opinions Tuesday AM 8-27-2024

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

Possible Timing: (Rumors/Opinions)

Get ready as we are reaching the End Game, Charlie Ward on Telegram Sun. 25 Aug. 2024

Three big happenings planned a long time ago:

QFS Activated, Central Bank and Fiat Currency destroyed.
We have the gold.
Gold is destroying the Fed.
P***n destroys the Petro Dollar.
Stock Market Crash imminent.

~~~~~~~~~~

Sun. 1 Sept. The C***l’s Great Comeback: Crypto-currency transactions to be partially legalized starting September 1. However, realize that the QFS is not a Crypto-currency. After the revaluation, the currency of all nations will become obsolete, collateralizing assets and ensuring a stable value.

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

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! Yellow Dragon bonds are available till our whale gets his notifications.  Send me a message if you are interested. Things are happening. Hold on. I am very sure we will get through this during this week.  Take care, Wolverine

~~~~~~~~~~~

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 

~~~~~~~~~~

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).

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

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

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

Militia Man  Article: "Iraq is the 9th largest buyer of gold in 2024"  They had 132 tons in 2023.  In 2024 they're telling you they just bought 100 tons of gold this year.  Where did they get all the money for that?  ...All of a sudden they have enough money to buy at...$2,500 an ounce? 100 tons?  You gotta go, what!?!  What does it do?  ...What it does is it supports the value of their future real effective exchange rate...

Frank26  The new lower notes and the new exchange rate will revolutionize the whole Middle East, let alone the whole world...The monetary reform is the lynchpin.  It's the trigger.  It's the button that will be pushed to change financial structures around the world...We investors of the dinar have a backup for a backup in order to survive this global financial change... 

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

Iraq Millions of Visitors Rates & News IQD PKR and ZiG Currency Way Up

Edu Matrix:  8-27-2024

Iraq - Millions of Visitors Rates & News IQD PKR and ZiG Currency Way Up PKR New Currency, Zimbabwe Currency Growth.

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

BRICS Pay System: Final Development Stage of Blockchain Technology Reached Ahead of the 2024 Summit

Lena Petrova:  8-26-2024

https://www.youtube.com/watch?v=tI3ONK6dc5A

The “Good Ship Transitory” Sank - The Captain Is Joking About It

The “Good Ship Transitory” Sank - The Captain Is Joking About It

Schiff Sovereign - August 26, 2024  By Peter Schiff

It almost sounded like an apology. Almost.

On Friday, Federal Reserve Chairman Jerome Powell stood in front of reporters and explained how we got here... and how inflation took hold.

To be fair, he rightly diagnosed the root causes: extreme government spending and money printing during the pandemic. And then, when the economy reopened after the lockdowns, there was a sudden surge in inflation.

The Fed and its army of experts assumed this inflation would be a temporary phenomenon—what they called “transitory.” They said that, due to the pandemic lockdowns being lifted, prices would rise suddenly, then fall back down.

This turned out to be one of the worst calls in the history of central banking. As we now know, inflation wasn’t transitory. Prices rose and continued to rise higher and higher, and they haven’t come back down.

To his credit, the chairman acknowledged this mistake on Friday.

But he was in quite a jovial mood about it, even joking with reporters about how in late 2021 they all set sail on, “The good ship transitory,” essentially making light of their enormous error that turned a lot of people’s lives upside down.

His joke got a lot of laughs from the room, and it’s nice to see there can be so much levity about a mistake that has cost Americans so dearly.

Adding to the sting is that this press briefing took place at the Federal Reserve’s annual retreat in Jackson Hole, Wyoming—one of the most exclusive and expensive resort towns in the world. And there he was, in fancy Jackson Hole, cracking jokes about blowing the inflation call—a mistake that has wreaked havoc on so many people’s lives.

To be honest it was a bit offensive... sort of like how many generals during World War I drank champagne as their men were being starved and slaughtered on the battlefield.

But again, it was at least an acknowledgment that they got it wrong. And this shouldn’t be an earth-shattering revelation. The Fed is not some all-knowing, all-powerful institution; it’s comprised of flawed human beings. Everyone makes mistakes— you, me, and the Fed Chairman too.

(Although ideally Fed officials would make fewer, smaller mistakes than the rest of us...)

Part of the reason the Fed was wrong is because they claim their decisions are data-driven. But the data they rely on is itself deeply flawed; just look at the most recent revision from the Labor Department, which is a major data source the Fed looks at when crafting policy decisions.

The Labor Department said last week that they were revising down the number of jobs created in 2023 by over 800,000. That’s a huge miss, and it proves that the data the Fed relies on to make decisions is also fundamentally flawed.

So basically our monetary system is run by flawed human beings who make far-reaching, life-altering decisions based on flawed data. What could possibly go wrong?

Quite a lot, obviously. And that’s why it’s worth briefly examining where else the Fed could get it wrong. And we see two clear items on the horizon:

One is the presidential election. A couple of weeks ago, the Fed chairman almost bragged about how the outcome of the Presidential and Congressional elections are irrelevant to them and do not factor into their economic forecasts at all.

This is completely absurd.

On the one hand, you have Kamala Harris, who wants to impose price controls, pass tax hikes, enforce arduous business regulations, push energy prices higher, and more.

On the other hand, Trump wants to reduce the independence of the Fed.

You couldn’t have more diametrically opposed policy outcomes. Yet the Fed is willfully ignoring the massive consequences of what could transpire in November. They’re not thinking about it or planning for it. And that is insane.

The second issue is the national debt. The Fed isn’t sounding the alarm bells. And in the past, it has actually supported the government spending even more money.

And it’s not like “the data” is suddenly absent here. The Congressional Budget Office (CBO) has estimated an additional $22 trillion in new debt over the next decade. And generally, the CBO is conservative— meaning the debt will likely grow even quicker than that.

Who’s going to lend that money to the Treasury Department?

The Fed should know they will play a major role in funding government debt and deficits— triggering a massive money printing operation with major impacts. Yet they don’t say a word about it. They don’t seem to be thinking about it.

We’ve been clear about our assessment of this situation: $22 trillion in new debt will almost certainly be highly inflationary. And a Kamala Harris presidency is extremely likely to knock the US dollar off its throne as the world’s dominant reserve currency.

There’s a very narrow path to avoid that outcome, but it’s looking more and more likely every day.

You’d think the Fed would be planning for it. But they don’t say a word about it, and insist these factors don’t matter to them at all.

To us, this is why it makes so much sense to own real assets—scarce critical resources such as food, energy, key minerals, and productive technology.

If the Fed proves unable to tame inflation, critical commodities like these will grow in value.

And if by some miracle we avoid major inflation, there’s little downside to owning profitable businesses which produce some of the most vital resources on the planet.

Peter Schiff  Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/peter-schiff-the-good-ship-transitory-sank-the-captain-is-joking-about-it-151335/

Seeds of Wisdom RV and Economic Updates Monday Evening 8-26-24

Good Evening Dinar Recaps,

New Study Reveals How IOTA Technology Can Boost Security for Smart Homes and Protect IoT Devices from Cyberattacks

▪️ Ripple has minted the first 185 tokens of its RLUSD stablecoin onA new study by the University of Mosul details how IOTA improves security for smart homes to protect Internet of Things (IoT) devices from cyberattacks.

▪️ Ripple has minted the first 185 tokens of its RLUSD stablecoin onThe study proposes a new lightweight authentication model based on IOTA’s Tangle for an IoT-based smart house monitoring system.

We’re living in the era of the Internet of Things, with over 17 billion IoT devices today, a number that’s expected to double by the end of the decade. As the devices surge, so does the danger lurking from cyber criminals, and according to a new study, IOTA offers the best security for this sector.

Today, IOTA caters to several industries, from supply chain management to tokenization, as founder Dominik Scheiner told CNF in an interview earlier this year. 

However, at its founding, the network mainly targeted the machine-to-machine economy enabled by the Internet of Things. And despite diversifying, it remains the best network for IoT.

IOTA’s superiority was backed by a recent report by two researchers from the computer science department at the University of Mosul in Iraq. The two, Sameera Abbas Fadhel and Dr. Ahmed S. Nori, acknowledged that while blockchain offers superb data integrity and security, its “limitations in terms of scalability, throughput, and storage capacity” make blockchain “an unsuitable option for devices with limited resources in the IoT environment.”

The two proposed a new lightweight authentication model for an IoT-based smart house monitoring system that’s based on the IOTA Tangle and utilizes other technologies, such as decentralized identifiers and stronghold vault technologies.

IOTA for IoT

IoT is changing the world, enabling automation and efficiency by allowing devices to communicate autonomously. It’s impacting healthcare through remote monitoring, smart cities through automated administration processes, consumer experience through personalised interactions and much more.

However, researchers warn that IoT devices could be the next big target for hackers. According to one study by the World Bank, Europe, and APAC regions experience around 70 IoT attacks weekly per organization.

This makes security the most critical requirement for IoT networks, and according to the two researchers, IOTA may be the solution.

They believe that IOTA’s Directed Acyclic Graph (DAG) based technology “enhances the transactional throughput, decreases transaction confirmation time, minimizes control consumption and removes transaction charges, hence being more suitable in the IoT setting.”

One of IOTA’s advantages is feeless transactions. The network requires a user to approve two previous transactions in lieu of paying a fee, “thereby increasing the engagement of users in protecting the network without charging.”

And then there’s the scalability, where IOTA is unmatched by its peers, and with billions of devices and, potentially, trillions of daily transactions, IoT can only work on a network that scales massively.

The researchers stated:

Moreover, unlike the blockchains fixed to traditional single chain processing of transactions, IOTA works with the structure called Tangle which enables parallel processing of the transaction. This design greatly enhances the system‟s generated throughput and scalability which makes IOTA capable of accommodating a larger number of users and transactions in its network.

IOTA trades at $0.1404, dipping 2.9% in the past day.

@ Newshounds News™
Source:  Crypto News Flash

~~~~~~~~~

THIS IS NOT A CONSPIRACY THEORY

Countries are accelerating their efforts in crypto exchanges, stable coins, and gold stockpiling, all while developing central bank digital currencies.

This is not a conspiracy theory.

These are all facts.

Connect the dots.

@ Newshounds News™ https://t.me/+PRwSMqsjRVViOTVh

Source: X Gold Telegraph: https://x.com/goldtelegraph_/status/1828106418735718831?s=46

~~~~~~~~~

PIC

Listen and learn from this man. He has facts and shares with us as we all wait. Share with others!

August 28, 2024 12:00 Central Noon, 1 PM ET

Listen Here - Podcast Room https://t.me/+VAm-AlWWqWPzyK8G

Replays - YouTube Currency Facts - YouTube

Ask your questions in the Living Room: Link Directly from Isaac when ask for a bio

“But understand I do not have contacts. Isaac

"I have buyers the us treasury , DOD , Admiral , HSBC several big platforms that I have signed contracts with all and they paid already for the inspection several times" Isaac

@ Newshounds News™

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

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Follow the Timeline 

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Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Monday PM 8-26-2024

TNT:

Tishwash:  Economist: Government Fails to Secure Necessary Investments to Finance 'Development Road'

Economic expert, Ziad Al-Hashemi, revealed on Monday that the government failed to secure the investments required to finance the development road project.

Al-Hashemi stated in a post on his personal Facebook page, followed by "Al-Eqtisad News", that "the first victim of the failures of the Development Road Project - news of the dismissal of the Director General of the Iraqi Railways, who boasted in one of the meetings with me that he had a feasibility study for the Development Road Project that included 27 volumes."

He added that "it seems that the internal differences and problems related to the method of managing the Development Road Project file have begun to appear on the surface in the form of dismissals."

Al-Hashemi stressed that "the government's failure to secure the necessary investments to finance the project revealed many flaws in the way this project is managed"

and considered that "as a quick and logical solution, the government should focus on extending and establishing the land highway linking with Turkey and postponing the railway line until the conditions are right to truly launch the wheel of development." It is noteworthy that the Minister of Transport, Razzaq Muhaibis Al-Saadawi, dismissed the Director General of Railways, Younis Khaled Jawad, and appointed Jabbar Aliwi Lahis as his replacement     link 

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Tishwash:  Prime Minister's Advisor Announces New Tax Reform Packages to Be Launched Soon

The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, announced on Monday the most prominent government steps to maximize non-oil revenues, while indicating the imminent launch of new tax reform packages.

Saleh said, as reported by the official news agency, and reviewed by "Al-Eqtisad News", that "one of the basic principles of the government's program in the field of financial reform, which was approved by the Council of Representatives in October 2022, is maximizing non-oil resources in the general budgets of the Republic of Iraq, as quantitative targets were set for them so that their contribution to the total revenues generated by non-oil economic activity would increase to 20 percent instead of their historical rates that do not exceed 10 percent in the best of cases."

He added, "Diversifying non-oil revenue sources and maximizing them in public budgets is one of the biggest reform challenges in the financial and economic fields in the country."

He pointed out that "these challenges come from two main factors: the first is the degree of connection between the diversification of budget resources and the success of diversification in the country's gross domestic product, especially the three sectors of agriculture, industry and services."

He explained that "the oil production sector still dominates a percentage of the components of that gross domestic product, which sometimes reaches 60 percent, which gives the national economy a rentier character and direct coexistence with the financial flows provided by the oil resource, mostly without anything else."

He added, "The second factor of these challenges is related to non-governmental activity in generating the gross domestic product, and we mean specifically the activity of the market or the private sector."

He added, "The majority of economic forces generating income and wealth within market activity conduct their economic activities within the framework of what is called the 'shadow economy', which are 'grey' markets that are not regulated and are not known to the regulatory, tax and banking authorities as is commonly known, and their percentage amounts to about 70 percent of the total private sector activity in the country."

He stressed that "the grey or shadow markets are one of the most important factors causing the decline in non-oil revenues in the country's general budget components."

He pointed out that "the first step taken by the current government to maximize non-oil revenues began with adopting a new approach to tax reform," noting that "the Council of Ministers approved earlier this year 8 new packages to reform the country's tax system, led by the principle of expanding tax bases, especially those that are hidden, evading or neglecting annual tax accounting."

He stressed by saying: "Two tax reform packages have been launched, and the remaining packages will be launched sequentially and gradually within the government's reform policy in the financial field and maximizing the state's resources from sources of income and wealth outside the oil sector, as this is accompanied by administrative and legislative reform and high-precision digital governance of tax institutions in the areas of assessment and collection with high transparency and efficiency  link

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

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

Frank26  Right now 1 dinar is not even one [U.S.] penny.  It's like 9/10 of a penny but soon 1 dinar will be equal to at least $1.00.  Did I say it will paired?  No...It will be equal to at least, they told you, $1.00.  I got a feeling it might be $1.30 because they kept the exchange rate at 1310.  Let's see what happens...In country at least $1.00 in value, not 1 penny in value, will give you [Iraqi citizens] purchasing power...It's different for you [The rest of the world]...you're going to watch the float...

Militia Man  The United States is going to say we're ready to go. We're not playing games anymore...we're going to do it our way.  Iraq either you're on board or you're not on board...No wonder those guys are barking...because the parallel markets are going to go away and fast.  They know what they need to do.  Change the value of their currency and no one's going to want their [black market] USD.  They're going to know the Iraqi dinar is going to be powerful just like Sudani said...

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

LIVE! Absolutely SHOCKING! A Wall Street SUPERBANK Telling Its Clients TO BUY GOLD!

Greg Mannarino:  8-26-2024

https://www.youtube.com/watch?v=Sj0QvKog_LQ

Why Fed Rate Cuts will Trigger a Recession

Heresy Financial:  8-26-2024

TIMECODES

 0:00 Intro

1:23 Federal Funds Effective Rate

2:32 When Recessions are Likely to Happen

3:33 Employment Numbers

 4:27 Yen Carry Trade

5:06 Prices

6:13 Government Borrowing

7:45 Fed Policy

8:50 Conclusion

https://www.youtube.com/watch?v=KYMLu7stxu8

“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