Thoughts From DJ: “Why the GCR will Happen”

DJ:   DID YOU KNOW?

Sept 1st Post 2024 ( Why the GCR will Happen)

Through all the F-Flags and guesstimated time frames, concerning the release of the GCR, that have failed to manifest, we cannot lose track of the fact that it not only is going to happen but has to happen.

At the core of the GCR proposition lies the desire to rectify the distortions caused by decades of quantitative easing and excessive money printing by central banks. The overproduction of fiat currencies has led to inflationary pressures, devaluation, and growing public debt burdens, eroding trust in existing monetary frameworks. Making the transition to a more robust system is required.

Such a monumental shift entails a comprehensive reevaluation and realignment of world currencies, aiming to address systemic imbalances and restore stability.

The reason it has to happen is apparent. The global financial system, as it stands, is riddled with inefficiencies, vulnerabilities, and inequities that stem from decades of reliance on flawed mechanisms. These issues, including rampant inflation due to excessive money printing, the centralization of power in a few key institutions, and the instability of fiat currencies, demand a comprehensive overhaul.

To fix the system, a multidimensional approach is necessary, addressing how money is valued, the forms of currency in use, and the infrastructure that supports transactions.

 A fundamental problem with the current system is the reliance on fiat currencies, which are susceptible to manipulation and inflation.

To address this, the value of money needs to be anchored to a stable and universally accepted benchmark, such as a basket of commodities (including gold, silver, and other tangible assets) or a diversified portfolio of global economic indicators.

This will reduce the volatility inherent in fiat currencies and discourage irresponsible monetary policies that lead to devaluation and economic instability.

The future of currency is leaning towards digitalization, but with important caveats. Electronic currencies offer significant advantages, including efficiency, traceability, and security. However, they must be designed with robust privacy protections and decentralized governance to prevent a***e by centralized powers.

 Blockchain technology, with its transparent and unchangeable  ledger, presents a foundation for such a system, provided it is scaled to accommodate global usage and its energy consumption is managed sustainably.

Even though the world moves toward digital currency, printed currency will not be entirely eliminated. It remains crucial for ensuring financial inclusion, especially in regions with limited access to digital infrastructure. A hybrid system, where digital currency is the primary medium but printed currency is available for specific situations, is the balanced approach.

 The current payment systems are outdated, slow, and expensive, particularly for cross-border transactions. A reformed financial system will employ advanced technologies like blockchain or other decentralized ledger systems to facilitate fast, low-cost, and secure transactions across borders. The key here is interoperability, ensuring that different systems can communicate seamlessly, reducing friction in global trade and investment.

 Fixing the global financial system is no small task, but by anchoring money to stable, tangible assets, transitioning to a primarily digital currency system with controlled physical currency, and overhauling payment systems with cutting-edge technology, we create a more stable, fair, and efficient global economy.

In the end these are all mechanisms needed to complete a GCR. But before these mechanisms can be implemented there must be a substantial cultural shift. Cultural acceptance of new technologies, such as blockchain and digital currencies, is critical. This requires overcoming fears and skepticism about digital transformation, especially concerning privacy, security, and the role of traditional institutions. A cultural shift towards embracing innovation, transparency, and decentralization is necessary before these technologies can be effectively integrated into the global financial system.

In our desperation to see the baby we forget there has to be a pregnancy first. Everyone keeps saying the baby is here, but when we ask to see the baby, it’s always “no she is still in labor”. In reality the planet is still working on the relationship ( Cultural Acceptance) and we are just now getting to the get pregnant part.

As for me, skip the pregnancy and show me the baby!!!

DJ

https://dinarchronicles.com/2024/09/02/the-office-of-poofness-weekly-report-update-from-poof-susan-and-dj-9-2-24/

News, Rumors and Opinions Tuesday AM 9-3-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 3 Sept. 2024

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

Global Currency Reset:  (Rumors/ Opinions)

Mon. 2 Sept. 2024 MarkZ: “We are hearing all kinds of rumors that everything started ripping on Sun. 1 Sept. and they are “releasing the hounds of the RV.” Tons of rumors. Tons of contacts saying “This is it.” There are a substantial amount of rumors that Indian Nations are about to have funds released to their people…along with alerts for Fines and Penalties, CMKX, and Prosperity packages. I am hearing extremely positive things for today and tomorrow on F&P’s.”

Mon. 2 Sept. 2024 Wolverine: “Everything is ready to go. Everything is in place. Good news coming out of Zurich. Get ready for tomorrow Tues. 3 Sept. …On Sun. 1 Sept. the Banking sector was notified that the mechanism to exchange foreign currencies and Securities has gone live. We are finally here. God bless.” Your friend, Wolverine.

At a Thurs. 29 Aug. 2024 Central Bank meeting it was decided that the start for the Global Currency Reset of 48 countries will be Tues. 3 Sept. 2024.

Managers will receive monies from Wed. 4 Sept. 2024 through Fri. 13 Sept. 2024.

Mon. 2 Sept. 2024 CONFIRMED! The QFS Rollout is Forcing Banks to Redistribute Wealth Right Now—Inside the Secret Meetings of Banking Elites! – Gazetteller

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(Note: Just because there is a “Big Name” attached to intel- does not mean that is really the real person- There is a lot of “fake” information everywhere….. Use discernment and consider everything a rumor until we are actually at the banks. )

Mon. 2 Sept. 2024 Urgent: QFS Rollout is Here—Elites Scramble in Secret Meetings! … Julian Assange on Telegram  https://t.me/JulianAssangeWiki/2171

The Quantum Financial System (QFS) is no longer a distant dream—it’s happening NOW, and it’s turning the global financial system on its head. The days of the c*****t, elite-controlled economy are numbered. Right now, behind closed doors, the world’s most powerful bankers are in a panic, forced to comply with a system that’s about to redistribute their hoarded wealth to the people.

This isn’t just a tech upgrade; it’s a revolution. The QFS is being deployed with surgical precision by the White Hats, dismantling the old financial structures that enslaved us for generations. The Global Economic Security and Reformation Act (GESARA) is in full effect, and the greatest wealth transfer in history is already in motion. Trillions of dollars, stolen from you through lies and m**********n, are about to be ripped from the hands of the c*****t and returned to where they truly belong.

Banks worldwide are being audited, tested, and connected to the QFS grid at an unprecedented rate. CEOs and financial heads are getting late-night calls, attending secret briefings, and being told in no uncertain terms: comply with the QFS or be cut off from the new global economy. The elites have had their day, but now the tables are turning.

Behind the scenes, covert teams are working around the clock, integrating every financial institution into the QFS. The m**************a is silent because they’re part of the old system, desperate to keep you in the dark. But the signs are there—sudden banking outages, unexplained changes in procedures. This is the QFS takeover, and it’s happening faster than anyone could have predicted.

But this isn’t just about the banks. Patriots and whistleblowers, the true heroes who’ve fought against this c*****t system, are being rewarded. They’ve been given early access to QFS accounts, not just as a means to secure their financial future, but as a badge of honor in the war against financial tyranny. These pioneers are leading the charge into a new era of financial freedom, where the power is finally back in the hands of the people.

The QFS is a fortress of security, with quantum-level encryption that no hacker or rogue state can penetrate. Your money is yours, and yours alone, shielded from the greedy clutches of banks, governments, and anyone else who dares to claim it. The QFS is the ultimate equalizer, a system that ensures every dollar is accounted for, every transaction is legitimate, and every person is free from financial oppression.

The old system is crumbling, and the elites know it. They’re desperately trying to hold on, but the QFS is unstoppable. Banks that refuse to comply are being systematically cut off, assets seized, accounts frozen. This is a total reset, a clean sweep of the c*****t, and there’s nothing they can do to stop it.

The QFS is more than just a financial system—it’s a global movement, a declaration that the era of financial e*********t is over. The world is waking up, connections are being made, and soon, everyone will have the chance to be part of this revolutionary shift.

The QFS is here, and it’s already rewriting the rules. The future is clear: QFS is the path forward. Embrace it, because the world as we knew it is gone, and what comes next is a financial landscape that finally serves the people, not the parasites.

Stay alert, stay informed, and get ready—The Storm is here.

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Global Financial Crisis:

Mon. 2 Sept. 2024: Feds brace for a US Dollar Crisis predicted to spark total collapse: https://www.forbes.com/sites/digital-assets/2024/09/02/strap-in-september-fed-us-dollar-crisis-predicted-to-spark-total-collapse-and-a-critical-bitcoin-price-tipping-point/

Read full post here:  https://dinarchronicles.com/2024/09/03/restored-republic-via-a-gcr-update-as-of-september-3-2024/

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

Nader From The Mid East  Whatever who told you...the small category has been released and all that, not yet.   That doesn't release it in one part of the country.  The whole country work the same thing.  They whole system the same.  When they release, they release it to all banks...

Militia Man  One of the hopes is Iraq is going to try to work with other countries in the region to defend their currency.  They're going to try to keep it as stable as they possibly can.  Having flexibility to the exchange rate so they can move it a little bit here and there so they can inject money, take money out or buy and sell the dinar etc is something they've got on their mind.

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Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR How Iraq Could Do the Same

Edu Matrix:  9-3-2024

Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR. How Iraq Could Do the Same Iraq may not have housing for travelers. However, they do have hotels that can be priced monthly.

https://www.youtube.com/watch?v=8KKVmlzD3yI

“Tidbits From TNT” Tuesday Morning 9-3-2024

TNT:

Tishwash:  Iraq moves towards signing comprehensive economic agreement with UAE

Prime Minister Mohammed Shia al-Sudani stressed, on Tuesday, the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between Iraq and the UAE.

His media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received today the new UAE Ambassador to Iraq, Abdullah Matar Al-Mazrouei."

The statement added, "The meeting witnessed discussion of bilateral relations between the two countries, which are progressing at various levels, and ways to enhance distinguished cooperation in many fields, in a way that achieves common and mutual interests between the two brotherly countries."

Al-Sudani referred to "the efforts made by the UAE to enhance its cooperation with Iraq, especially in the strategic development road project, which constitutes a link between Iraq's neighbors and the countries of the region, in addition to its long-term economic importance."

He stressed "the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between the two countries   link

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Tishwash:  Switzerland reopens embassy in Iraq after 33 years

 The Swiss Foreign Ministry announced today, Tuesday (September 3, 2024), the reopening of its embassy in the Iraqi capital, Baghdad, after 33 years of closure in 1991 due to the Gulf War.

"By reopening the embassy, ​​the Federal Council aims to strengthen bilateral relations with the densely populated country and consolidate cooperation in the fields of economy, security and migration," the ministry said in a statement.

Foreign Minister Fuad Hussein announced last May that Switzerland would reopen its embassy in Baghdad in the coming months.

In an interview with Swiss Info, during his visit to Switzerland, Hussein pointed out that Switzerland made its first official visit to Iraq in more than 40 years in 2021, during which discussions took place regarding the possibility of reopening the Swiss embassy in Iraq.

A different version:

 Switzerland today reopened its embassy in Iraq, after a 33-year hiatus. 

This step, which comes within the framework of the Federal Council's strategy for the Middle East and North Africa region 2021-2024, aims to strengthen bilateral relations with Iraq, and deepen cooperation in the fields of economy, security and migration.

The Swiss Federal Council confirmed in a statement followed by "Al-Eqtisad News" that "this step aims to strengthen bilateral relations with Iraq, and deepen cooperation in the fields of economy, security and immigration."

He added that "the security situation in Iraq has witnessed a significant improvement in recent years, and it has entered a new phase of economic development and is strengthening its role as a regional mediator. 

He said: "Iraq is making continuous efforts to enhance peace and security in the region, and today it has more than 50 embassies from different countries in Baghdad, including Austria, France, Italy and Germany.

He added, "The new embassy will focus on strengthening relations between Switzerland and Iraq, enhancing cooperation in the fields of economy, security and peace, and promoting Swiss interests.  link

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Tishwash:  Buried Riches”: Gas Discovery in Iraq a Ray of Hope for Economic Development

 Iraq has recently achieved remarkable progress in the energy sector, especially in the field of natural gas discovery. These discoveries represent an important strategic step towards achieving energy security and strengthening the economy in general, and they also open new horizons for investment and development in this vital sector.

In recent years, oil companies and the Iraqi government have announced new discoveries of gas patches in several areas. Among these discoveries, the Anbar region stands out as a major location where important gas deposits have been discovered.

According to industrial sources, the new discoveries include large quantities of dry gas, a type of natural gas that contains low levels of sulfur and is used in many industrial applications. This type of gas is used in power generation, as an industrial fuel, and in the production of chemicals, making it an important resource for the industrial and energy sectors.

The Iraqi government is working to enhance investment in these discoveries through partnerships with international energy companies. Agreements have been signed with multinational companies to develop the infrastructure necessary to extract and purify gas. It has also been agreed to implement projects to extend gas pipelines and modernize refining stations.

Building infrastructure is an important step, as extracting natural gas and delivering it to markets requires complex facilities including pipelines, refining facilities, and pumping stations.

These projects require huge investments and careful coordination between the various parties concerned, and the government is working to improve the legal environment to attract foreign investment, including improving contracting terms and simplifying bureaucratic procedures.

Despite the optimism that accompanies new gas discoveries, there are a number of challenges facing the exploration and production process. These challenges include the need for modern technology and technical expertise, in addition to the difficult geographical conditions that may affect drilling and transportation operations.

Great economic opportunities

On the other hand, developing the natural gas sector in Iraq opens up great economic opportunities. In addition to improving energy security, this sector can contribute to creating new job opportunities, increasing national revenues, and enhancing economic growth. Exporting gas to international markets can also provide an important source of financial returns.

“The discovery of new gas blocks in Iraq represents an important strategic opportunity for the country as it provides a strong foundation for developing the energy sector and enhancing economic independence,” said retired gas expert Dr. Sami Al-Jubouri, who held positions in major energy companies. “However, it is necessary to focus on improving the infrastructure and applying the latest technologies to ensure efficient and safe gas extraction, through cooperation with international companies, which will enhance Iraq’s ability to optimally exploit these resources.”

“The challenges facing the country include the need to develop local technical capabilities and increase operational efficiency, as well as manage resources sustainably to ensure long-term benefits,” Dr. Al-Jubouri added to the Iraq Observer.  link

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Tishwash:  they are running this commercial again!

With our dinar and our products we are stronger... Support the Iraqi dinar

 With a dinar and our products   0:08

Stronger we reap the good   0:13

With a dinar we build and develop  0:16

Our country we teach our generations about the greatness of our civilization and strength   0:23

A dinar is our homeland with all goodness and blessings   0:30

A dinar is a homeland issue

https://www.youtube.com/watch?v=6Tq9QoIKWik

Mot:  aaaaaaaaaaahhhhhhhhhhhhhh - the Good ole Daze!!!! 

Mot:  A True Politican! - Makes Laws for Others but NOT fer Hisself!! 

Seeds of Wisdom RV and Economic Updates Monday Evening 9-2-24

Good Evening Dinar Recaps,

Fed Governor Waller questions need for speed in cross border payments

In a speech last week, Federal Reserve Governor Christopher Waller argued that “not all frictions that slow down payments are bad”. While he was mainly questioning the interconnection of faster payment systems, he touched on correspondent banking.

As context, the Bank for International Settlements (BIS), the central bank to the central banks, is working on Project Nexus for interlinking faster payments via its innovation hub.

Additionally, Project Agorá plans to use tokenization and wholesale CBDC to speed up cross border payments via correspondent banks. The Federal Reserve Bank of New York is a participant in that project, but “strictly for research and experimentation.”

While Governor Waller acknowledged that it’s desirable for remittances to arrive faster, the heart of his objections were in one paragraph:

“Not all frictions that slow payments down are bad. Certain frictions are purposely built into the global payment system for compliance and risk-management reasons.

Slowing down the speed at which payments are cleared and settled helps banks prevent money laundering and counter the financing of terrorism, detect fraud, and recover fraudulent or misdirected cross-border payments.

Granted, the practice today of sending payments through an often complex chain of correspondent banks contributes to slower payments that could benefit from efficiency enhancements.

However, there is no silver bullet that increases speed and efficiency without tradeoffs. Unless new solutions are found, interlinking fast payment systems might increase the risk-management burden for banks that participate in them.”

Buyers don’t want faster payments?

He went on to argue that it is only sellers that want to receive money faster. Buyers don’t want to pay earlier. That’s certainly true.

However, speeding up cross border payments is not the same as using bank transfers versus cheques. To Governor Waller’s point, paying by cheque means the payer keeps hold of the money for longer.

In my experience, cross border payment transfers leave my account instantly. Contrary to Governor Waller’s argument, buyers should love faster cross border payments, because if a payment arrives instantly instead of taking two days, then the buyer can send the money two days later.

If I know it takes two days, then I have to send the payment two days before the expected arrival date. It is invariably the banks involved that keep hold of the money in the interim.

That might be a mismatch in banking hours or issues with Nostro account liquidity or compliance. And some banks may use compliance as an excuse for delays.

The Governor then questioned whether improving payment systems is always the role of central banks or should be left up to the private sector.

He gave examples of where the Fed steps in, such as the case of FedNow, where the private instant payment systems only served a subset of banks.

Mr Waller emphasized that the current focus of FedNow is rolling it out domestically. So it has no plans for interlinking the system.

What does this mean?

One of the aims of Project Agorá, the cross border initiative that uses correspondent banks, is to improve compliance.

That should mean that when a payment instruction is received, the banks conduct compliance first and share information.

Perhaps the amount meant for payment is reserved rather than removed. If all is clear, then the money leaves your account and arrives at the destination.

So part of this is a change in the process order. Mr Waller acknowledged that the correspondent banking process is ripe for optimization.

His comments on the role of the central bank could be good news for Fnality. That’s the private sector system for tokenized institutional payments using central bank deposits. It is working on adding tokenized US dollars to its existing GBP offering.

On the other hand, so far the U.S. regulators have not been supportive of some of the private interbank payment initiatives that use blockchain, particularly those targeting corporates. Hopefully, that is changing with the Regulated Settlement Network.

@ Newshounds News™

Source:  Ledger Insights

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ARE ELON MUSK, THE IMF, AND THE WORLD BANK SETTING THE STAGE FOR XRP IN THE GLOBAL FINANCIAL SYSTEM?

▪️XRP is a prominent subject of discourse in global cross-border and payment solutions.

▪️The coin is linked to the Ripple Labs ecosystem, with a rich payment solution record.

With its growing popularity, XRP is now linked with Tesla CEO Elon Musk, the International Monetary Fund (IMF), and the World Bank. As a result, there is a growing debate in the crypto community concerning XRP’s future role in global finance.

Elon Musk’s Connection to Ripple

Over the weekend, Versan Aljarrah, founder of Black Swan Capitalist, pointed out Musk’s involvement with Ripple Labs Inc. The founder noted in an X post that Musk’s connection to Ripple is part of a larger narrative that includes XRP in the new financial system.

▪️#ElonMusk’s connection to #Ripple is no secret, it’s always been part of the larger narrative

▪️Remember Elon and Peter Thiel backed #OneCoin, rebranded to #OpenCoin, and then Ripple under Chris Larsen guidance

▪️They’re just setting the stage for #XRP in the new #financial system pic.twitter.com/jRUDK6tQBr

▪️— Black Swan Capitalist (@VersanAljarrah) September 1,

He noted that Musk’s relationship with Ripple is no secret. He recalled a time when Musk and Peter Thiel once supported OneCoin. According to him, this was shortly before OneCoin rebranded to OpenCoin and later Ripple under the leadership of Chris Larsen.

The founder’s recent disclosure comes only shortly after crypto-friendly lawyer Fred Rispoli made a bold proposal to Elon Musk. Notably, Rispoli recently urged Musk to consider integrating XRP into his X Payments platform.

This suggestion could mark a major transformation for XRP. It comes shortly after the Ripple Labs and US Securities and Exchange Commission (SEC) legal battle ended.

As highlighted in our previous article, Judge Analisa Torres ruled that secondary sales of XRP are not securities. This verdict has helped provide greater regulatory clarity, strengthening investor confidence in the digital asset.

 Nonetheless, Ripple was ordered to pay a $125 million fine for institutional XRP sales violating federal securities laws.

XRP Role in Global Financial Payment Systems

In a related post, Aljarrah noted that the World Bank and the IMF have consistently featured XRP and stablecoins in payment discourse. The founder thinks this is not a coincidence but the foundation of the new monetary system.

Meanwhile, Ripple has preserved a brand identity connected to financial transactions since its founding. XRP is already being used to solve key financial problems in the crypto space.

For instance, XRP is a bridge currency in cross-border payments, offering instant settlements at lower charges between different fiat currencies.

According to our recent analysis, the Bank of Russia began exploring XRP in its financial system in 2018. Based on the details, the coin was leveraged for cross-border remittances with plans to solve digital payment needs.

Moreover, Ripple strongly believes blockchain-based payment solutions may become invaluable to local banks. As noted in our earlier post, the payment company provides local banks with blockchain-based payment solutions to help SMEs overcome the hurdles of traditional cross-border transactions.

Overall, Ripple’s blockchain solutions have helped strengthen XRP’s position as a leader in the crypto market. As XRP sees more integration, experts’ predictions of XRP facilitating global payments could eventually come true.

At press time, XRP is trading at $0.5576, up by 0.44% in 24 hours. The trading volume surged 67% within the same timeframe to $883 million. With more positive narratives around the coin, it might ultimately sustain its rebound moves.

@ Newshounds News™

Source:  Crypto News Flash

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IOTA NEWS: EMBARK ON EPIC QUESTS WITH IOTA HEROES AS GAME DEBUTS ON IOTA EVM SEPTEMBER 4TH

▪️IOTA Heroes, a game built exclusively for the IOTA ecosystem, is launching on IOTA EVM on the 4th of September 2024 at 20:00 CEST.

▪️New features include a Hatchery, the option to end adventures early, faster routing and navigation, and inventory item filters.

IOTA Heroes, an exciting game that allows users to fight, conquer, and earn, will launch in the IOTA EVM later this week.

The game launches on the 4th of September 2024 at 20:00 CEST, the developers revealed on X.

The IOTA EVM is the first fully EVM-compatible smart contract chain on the IOTA network, enabling fast, secure, and scalable smart contracts. As we’ve reported, the EVM has thrived since its launch and has been pushing the boundaries of DeFi, decentralized trading, sustainability, and more.

As the IOTA Heroes team revealed in an accompanying blog post, it has been working to prepare the game for a token migration, which is no mean feat given how vast the number of tokens they manage is. The team benefitted from the IOTA Grants, being one of the first projects to receive one to fund the migration.

IOTA Heroes is doing all the heavy lifting for the token holders.

We’ll ensure that all your heroes, items, and gold are airdropped directly to your address. Additionally, we’ve prepared scripts to automatically set up all your facilities and hero skills that you’ve developed on ShimmerEVM. Everything will be ready and waiting for you when you first log in to the game!

IOTA Heroes on IOTA EVM

The migration comes with a raft of changes. For starters, the team has updated the battle visualizer, allowing users to access more information on the combat scenes. More updates are expected in the near future.

Other changes include the long-overdue introduction of the Hatchery, where users can now crack their eggs for some exciting possibilities. The game has previously limited users to reforging only five items at a time, but with the new update, users can reforge any multiple of five (10, 15, 100) as long as they have enough charcoal to power the process.

The update also gives users more options as they play IOTA Heroes. For one, you can choose to end an adventure early; say, for instance, that your adventures were set to end in an hour or two, and you want to end them earlier and get on with other things—well, you can choose to end it by spending some of your gold.

Others might choose to end the adventure to preserve some of the in-game items they have acquired, especially if they value them higher than gold. Of course, you must engage in an adventure at least five minutes before you get the option to call it quits.

On the back end, the IOTA Heroes team has refined its smart contracts to make the experience smoother. It has also switched to SvelteKit, a framework for deploying web apps using Svelte, which will translate into smoother routing and faster navigation.

@ Newshounds News™

Source: Crypto News Flash

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An important update on Gold.

THE BEGINNING STAGES OF THE GOLD STANDARD  |  Youtube

@ Newshounds News™

Source:  Currency Facts

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Thank you Dinar Recaps

More News, Rumors and Opinions Monday PM 9-2-2024

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

RV Excerpts fro the Restored Republic via a GCR: Update as of Mon. 2 Sept. 2024

Compiled Mon. 2 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sun. 1 Sept. 2024 MarkZ: “I got a update this morning from a redemption center contact. They very much still expect to be called into work this weekend.  Their chain of command said to expect to work before Tuesday.  This is excellent news.”

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Sun. 1 Sept. 2024 Wolverine: Payment for operations start on Wed. 4 Sept. 2024.

We close the week with the following report: the auditors from the World Bank and the Peter Wong Platform who arrived in Brazil on August 27, 2024 are packing their bags to return to the US tomorrow, August 31, 2024.

Since Monday, September 2, 2024 is a holiday in the US (Labor Day), there is no possibility of banking hours at the Reno Platform (Nevada/USA), so what was decided at the meeting within the Central Bank on August 29, 2024 is that the global START will be given on September 3, 2024

After several tests and detailed adjustments, Brazil, the US and 47 other countries and their respective Central Banks will finally be able to proceed in synchrony and simultaneously with the release and settlement of the financial operations of which they are part (I emphasize that in Brazil BR the operations released and approved for payment are LTN and T*A, which were unified within the same platform).

The deadline for distributing the amounts to the spreadsheets of the Managers who will receive them will start on September 4, 2024 and will run until September 13, 2024.

Sat. 31 Aug. 2024 Wolverine: “Looks like everything has been lined up for Tues. 3 Sept. The Precatorias was supposed to go today, but now they are going to go on Tues. 3 Sept. It’s going to be a shotgun start. All contracts have been signed. Everything is ready to go. …Tier 1, 2, 3 and 4 banks around the world are fully integrated and ready for distribution. The RV is finally here. God bless. Your friend, Wolverine”

…Dr. Eduardo Tavares, CEA Professor and Founding Partner of Mundo Financeiro – Specialist in Corporate Finance and Investment Banking from FIA Business School, Fri. 30 Aug. 2024 https://www.eduardotavares.com.br/portolio

…Peter Wong, Former Chief Executive Officer of the Hong Kong and Shanghai Banking Corporation Mr. Peter TS Wong is Vice Chairman and Chief Executive Officer of Asia-Pacific of The Hongkong and Shanghai Banking Corporation Limited (“HSBC”). He is a Group Managing Director and member of the Board of Directors of the HSBC Group. BuyBye Smart Jardim Cambu

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Sun. 1 Sept. 2024: Exposed: Dragon Family Gold and the U.S. Federal Reserve System – Presidents Sukarno, John F. Kennedy, and the Hilton Green Agreement! – amg-news.com – American Media Group

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Global Financial Crisis:

BRICS Bank President Says Ditching the US Dollar is a ‘Main Focus’: https://watcher.guru/news/brics-bank-president-says-ditching-the-us-dollar-is-a-main-focus

Sun. 1 Sept. 2024 Central Banks Doomed: https://beforeitsnews.com/prophecy/2024/09/central-banks-are-doomed-gold-silver-are-about-to-go-parabolic-greg-mannarino-2024-2555080.html

Read full post here:  https://dinarchronicles.com/2024/09/02/restored-republic-via-a-gcr-update-as-of-september-2-2024/

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

Fnu Lnu  The subsequent [After New York] visit to Washington D.C. was most likely to prove to the UST that the rogue, non-compliant banks in Iraq were brought to heel. I see an RV in the near future and I must say, it's about time. 

Militia Man  Article: "After the success of the recent negotiations in Washington...the Central Bank succeeded...in diversifying the basket of commercial currencies.  Indicating this will lead to a significant decrease in the demand for the dollar...This meeting with...the Central Bank of Iraq...US Federal Reserve and US Treasury, which lasted for 3 days..."  Commercial currencies with the Iraqi dinar.  They're not going to do that at 1310...When things change everybody's going to be ready to do business with Iraq.

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Hard Landing Scenarios – Severe Recession Is Coming, Blame the Banking System

Kitco News:  9-2-2024

George Gammon, an investor, macroeconomics expert, and host of The Rebel Capitalist Show, outlines the potential hard-landing scenarios for the U.S. economy.

Gammon tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, that a severe recession is the most likely outcome and shares his insights into when the recession might hit.

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

“We CAN'T Survive” - Japan Steel Giant PANICS Over China, EU EV Market Starts To Collapse

Sean Foo:  9=2=2-24

The G7 China trade war is escalating with the Japan Steel giant asking the government for massive tariffs on imports from China. Meanwhile, Europe's own EV market is collapsing and the tariff war with China is only going to make things worse. Here's what you must know!

Timestamps & Chapters:

 0:00 Japan Panics Over Chinese Steel

3:15 Steel Punishments Will Backfire

6:42 Eurozone EV Market Collapsing

7:54 Sponsor: Indigo Precious Metals

 9:19 Europe Disastrous Policies

 10:58 Massive EV Risk Coming

 14:12 Decoupling To Get Worse

https://www.youtube.com/watch?v=8hrekxULink

Seeds of Wisdom RV and Economic Updates Monday Afternoon 9-2-24

Good Afternoon Dinar Recaps,

This Week in AI: OpenAI signs landmark AI deal with US

OpenAI is preparing to raise its next funding round, seeking to secure billions of dollars at a $100 billion valuation. Tech giants like Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are rumored to be interested in participating.

Each of these companies is no stranger to OpenAI:

▪️Microsoft has been a primary investor, owning a 49% share of the company thanks to its $13 billion investment in 2019.

▪️Apple partnered with OpenAI in June to use its models to power upcoming AI features.

▪️Nvidia, the dominant chipmaker, provides OpenAI with the infrastructure it needs to train and run its models.

Although OpenAI’s ChatGPT remains the market leader, with hundreds of millions of monthly users, the company has yet to turn a profit from its AI products and services. Moreover, OpenAI must continue spending billions to stay competitive and maintain its market leadership.

Rumors suggest the company is on track to lose $5 billion this year from its AI operations, making it unsurprising that OpenAI needs to raise significant capital to keep the business going.

Google’s Imagen 3 relaunches with enhanced AI accuracy and ethics

Google (NASDAQ: GOOGL) announced that it would reintroduce its image generation AI, Imagen 3, into its products, starting with Gemini Advanced.

Google’s AI image generation tool was previously operational but was pulled in February following incidents where the AI overcompensated for race and ethnicity when generating images of people.

 For example, when prompted to produce an image of the four founding fathers of the United States, Imagen returned an output featuring diverse individuals who were not the founding fathers.

These incidents sparked discussions about Google’s AI being overly concerned with ethics, bias, and censorship, leading the company to suspend its model from generating images of people.

All AI models walk a fine line between ethics and bias, especially regarding race and ethnicity. It’s more common for AI to exclude racial and ethnic diversity in outputs, but Google’s first iteration did the opposite, creating inaccurate outputs due to overcompensation.

As Google reintroduces Imagen 3, it will be interesting to see how the company addresses these challenges and whether the new version of its AI can strike a better balance between inclusivity and accuracy. People are likely to stress-test this model in the same areas as before, pushing it to its limits to see how well it handles these nuances.

Nvidia stock dips despite beating earnings: Has the AI boom peaked?

Nvidia recently held its latest earnings call, surpassing analyst expectations on several fronts. However, despite beating expectations, the company’s stock closed roughly 8% down the following day.

Nvidia’s forecast that next quarter’s gross margins might fall short of analyst estimates could have contributed to this decline. In contrast, others believe the dip reflects investors’ unreasonably high expectations for Nvidia, which are becoming increasingly challenging to meet.

The question now is whether this decline signals that Nvidia has peaked and is entering a period of cooling off. Linear growth typically doesn’t continue forever, and Nvidia has had a historic run during the AI boom, supplying nearly 90% of the chips companies need to train and run their AI models.

Even Nvidia seems aware that its winning streak might be cooling off, as reflected in its forecast for the next quarter.

Amazon set to launch AI-powered Alexa

Amazon (NASDAQ: AMZN) is reportedly gearing up to launch an AI-enhanced version of its home assistant, Alexa. 

The upgrade, expected in October, will include features such as AI-generated summaries of news articles tailored to users’ preferences.

It will also introduce voice recognition capabilities, allowing Alexa to differentiate between speakers and provide personalized experiences, such as finding recipes suited to individual tastes or tailoring shopping experiences to the user.

The AI-enhanced Alexa will only be available to subscribers of a new service, which would help offset the costs associated with Alexa. The device has allegedly contributed to Amazon’s devices department losing billions of dollars, as most Alexa users opt for the free version after purchasing the physical device.

While we’ve seen several companies attempt to create AI wearables, there haven’t been as many efforts to develop in-home AI assistants. 

Due to their reliance on voice commands, existing home assistants have struggled to gain traction, often proving awkward to use. These devices tend to add more friction to users’ workflows rather than simplifying them.

However, if I had to guess, the lack of AI features probably isn’t the main reason these devices haven’t taken off, so I am doubtful that these new AI capabilities will be the boost products like Alexa, Google Home, or Apple’s Siri need to regain popularity.

OpenAI and Anthropic establish landmark AI safety partnership with US government

In a first-of-its-kind agreement, OpenAI and Anthropic have signed a deal with the U.S. Artificial Intelligence Safety Institute at the Department of Commerce’s National Institute of Standards and Technology (NIST).

This agreement grants the U.S. AI Safety Institute—which was established via President Biden’s executive order on AI—access to major new models from each company before their release.

Additionally, the companies will collaborate with the institute on research to evaluate AI models’ capabilities and safety risks and explore methods to mitigate those risks.

It wouldn’t be surprising to see more AI providers follow suit and partner with government entities. The government tends to scrutinize AI systems, particularly regarding their safety and potential societal risks. A partnership of this nature signals that the AI provider is at least attempting to make its systems safer and more secure.

These collaborations probably give AI companies some breathing room when releasing models that might otherwise face government scrutiny.

By addressing potential issues early in the process, thanks to early access and the other benefits that sometimes come with a government partnership, AI providers can save time, money, and trouble, allowing them to refine their models before launching them in a way less likely to lead to regulatory concerns.

In order for artificial intelligence (AI) to work right within the law and thrive in the face of growing challenges, it needs to integrate an enterprise blockchain system that ensures data input quality and ownership—allowing it to keep data safe while also guaranteeing the immutability of data

@ Newshounds News™

Source:  CoinGeek

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Elon Musk Considers Dogecoin for Tesla Payments Again

▪️Elon Musk hinted at Dogecoin's return as a Tesla payment option.

▪️Judge dismissed a $258 billion lawsuit against Musk and Tesla.

▪️DOGE's price dropped over 2% in the last 24 hours.

Tesla CEO Elon Musk indicated the potential return of Dogecoin as a payment option for Tesla products. This statement came just two days after he and Tesla successfully dismissed a June 2022 lawsuit accusing them of defrauding investors through a Dogecoin pump-and-dump scheme.

 On August 31, Musk responded affirmatively when asked if anyone else wanted Tesla to bring back Dogecoin as a payment option for products.

▪️What Is Happening on the Dogecoin Front?
▪️Details on the Matter

What Is Happening on the Dogecoin Front?

Tesla previously accepted Dogecoin for products in January 2022, but it is unclear if the company will reimplement this feature. 

At that time, the company stated that only Dogecoin would be accepted and warned that other crypto assets sent to them would not be returned. However, the Dogecoin payment option later disappeared without any explanation.

Given Musk’s known support for Dogecoin, a return would not be surprising. Earlier this year, Tesla hinted at the possibility of accepting Dogecoin as a payment method. Musk has consistently expressed his fondness for DOGE and frequently influenced its price movements with his actions.

Musk’s defense of Dogecoin has also led to legal challenges. On August 29, Judge Alvin Hellerstein dismissed a $258 billion class-action lawsuit against the billionaire and his company.

The lawsuit accused Musk and Tesla of manipulating Dogecoin’s price and claimed that Musk used his influence, including his appearance on Saturday Night Live, to affect the token’s value.

Details on the Matter

Judge Hellerstein ruled that Musk’s statements about Dogecoin were enthusiastic and exaggerated rather than factual claims that could mislead investors. He concluded that no reasonable investor would rely on these statements and that the pump-and-dump allegations were unfounded:

“As for the alleged pump-and-dump scheme by Musk and Tesla, it is impossible to understand the plaintiffs’ claims of market manipulation, pump-and-dump scheme, breach of fiduciary duty involving insider trading, or state law claims.”

Despite these developments, DOGE’s price dropped by more than 2% in the last 24 hours to $0.099113 at the time of writing, according to Tradingview data. This decline reflects a broader market trend, with significant crypto assets like Bitcoin experiencing substantial losses during the reporting period.

@ Newshounds News™

Source: Coin-Turk

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Newshound's Currency Facts Youtube and Rumble
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Economist’s “News and Views” Monday 9-2-2024

The US Dollar is Being DECIMATED And They Have No Idea How To Stop It

The Atlantis Report:  9-2-2024

In this video, we dive deep into the alarming state of the US Dollar and the unprecedented challenges it faces on the global stage.

As the value of the dollar continues to plummet, policymakers are scrambling to find solutions, but are they too late? We'll explore the key factors driving this decline, including economic policies, international competition, and the shifting balance of power in global markets.

 Whether you're an investor, a concerned citizen, or simply curious about the future of the world's reserve currency, this analysis will give you crucial insights into the forces at play and what they could mean for the future of the US economy.

Don't miss this urgent discussion on the potential downfall of the dollar and the ripple effects it could have worldwide.

https://www.youtube.com/watch?v=O9DcbamVyp4

$1.5 Trillion in Debt about to Enter Delinquency

Steven Van Metre:  9-1-2024

In a world that has seen its fair share of economic upheaval, the alarming statistic of $1.5 trillion in debt on the brink of entering delinquency raises concerns that could reverberate through global markets. While many have focused on conventional threats to economic stability, such as inflation and soaring interest rates, this looming crisis remains largely overlooked.

As we delve into the insidious nature of debt delinquency, we uncover why this could be the financial crisis no one saw coming.

Before we dive into the specifics, it’s essential to understand what debt delinquency means. Simply put, it occurs when borrowers fail to meet their payment obligations on loans, credit cards, or any form of credit. When these delinquencies pile up, they create a ripple effect that can jeopardize not only individual financial stability but also the health of entire economies.

The staggering figure of $1.5 trillion primarily encompasses consumer debt in various forms, including credit cards, auto loans, and student loans. Unlike previous financial crises, triggered by subprime mortgages and excessive leverage in real estate, this crisis is rooted in everyday consumer behavior. It reflects a growing trend of individuals and families overextending themselves financially, often relying on credit cards as a lifeline to maintain their standards of living.

As interest rates rise in response to inflationary pressures, many borrowers may find themselves unable to meet their payment obligations. Even a slight uptick in interest rates can result in significant additional costs for those already stretching their budgets thin.

As we face this potential crisis of $1.5 trillion in debt entering delinquency, it’s a wake-up call for individuals, policymakers, and financial institutions alike. While consumer debt has been a topic of concern for years, its impact is now at a precipice.

We must act decisively, prioritizing financial education, promoting responsible lending practices, and fostering an economic environment that supports stability. The financial crisis no one expected may be hiding in plain sight, but together, we can tackle the challenges ahead before it spirals out of control.

Watch the video below from Steven Van Metre for his insights.

https://youtu.be/Qj3FR5XT-LE

BRICS Update: Saudi Sign a $50 Billion Deal with CHINA: What's Next?

Fastepo:  9-1-2024

The United States has been applying considerable pressure on Saudi Arabia to distance itself from China and other BRICS nations due to concerns over geopolitical and economic issues.

 The U.S. is particularly focused on preventing the transfer of crucial technology, infrastructure, and data to China, which could potentially threaten U.S. national security and economic interests.

Nonetheless, Saudi Arabia's recent actions, including the signing of $50 billion in memorandums of understanding with Chinese financial institutions, suggest a clear intent to strengthen its relationship with China.

This development is part of Saudi Arabia's broader strategy to diversify its economic partnerships and reduce its dependence on oil, aligning with its Vision 2030 initiative.

The agreements with Chinese banks aim to enhance two-way capital flows, covering both debt and equity investments, thereby promoting deeper economic integration between the two nations.

Specifically, Saudi Arabia’s investments in China saw substantial growth, highlighted by the PIF's move to sign six major agreements worth $50 billion with leading Chinese financial institutions.

These deals were aimed at enhancing bilateral capital flows, supporting investments in various sectors including technology and infrastructure. This follows the previous year's surge, where investments by Gulf funds in China increased from a modest $100 million to $2.3 billion in 2023, underscoring the rapid intensification of economic ties.

https://www.youtube.com/watch?v=6PjesMs6xaQ

Seeds of Wisdom RV and Economic Updates Monday Morning 9-2-24

Good Morning Dinar Recaps,

Hedera’s (HBAR) Daily Transactions Soar 46% as Market Cap Corrects

▪️Hedera’s daily transactions increased by 46% in Q2 2024, driven mainly by the Hedera Consensus Service.

▪️HBAR’s circulating market cap dropped by 29%, but its rank among all tokens improved from 36th to 30th.

According to a report from research firm Messari, Hedera (HBAR) experienced a notable surge in daily transactions during the second quarter of 2024, marking a 46% increase quarter-over-quarter (QoQ).

The total number of daily transactions increased from 90.9 million in Q1 to 132.9 million in Q2, reflecting the network’s increasing usage. The growth was mainly attributed to the Hedera Consensus Service, which constituted 99% of all the activities on the network.

Revenue Climbs as Network Activity Increases

For the second quarter of 2024, Hedera had a very good financial situation in terms of several aspects.

The network revenue, primarily derived from transaction fees, recorded a 26% growth in USD from $1.1 million in the first quarter to $1. 4 million in the second quarter. Regarding HBAR, the revenue also rose by 19% QoQ to 14. 6 million HBAR.

Despite this, the HBAR’s circulating market capitalization reduced by 29% and stood at $2. 7 billion. This decline came after three successive quarters of growth and was partially blamed on a 33% decline in the price of HBAR, which dropped from $0. 11 to $0. 08 during the same quarter.

However, HBAR’s market capitalization ranking rose, climbing six positions from 36th to 30th among all tokens, surpassing other tokens with comparable prices.

The Hedera network also experienced a significant rise in the number of users. The average daily number of newly created accounts increased by 31% QoQ from 8,400 in Q1 to 11,100 in Q2.

 This growth in new accounts was not reflected by the active address activity. The total daily active addresses also declined by 37% QoQ from 16,800 to 10,600. This means fewer accounts were active in making transactions while more accounts were being opened.

Karate Combat League Drives Significant Network Activity
One of the major drivers of activity on the Hedera network in Q2 was the Karate Combat League, a full-contact karate league that integrates blockchain technology into its fan engagement strategy.

The KARATE token allows fans to vote on the outcomes of the matches, and the token is built on the Hedera and Ethereum networks.

In the second quarter, there were several Karate Combat events that happened and this greatly helped in boosting Hedera’s transaction volume. For example, the KC45 event on the 20th of April had 1. 74 billion of KARATE tokens staked on Hedera with 65,300 contributors from Hedera and Ethereum.

The subsequent events like KC46 and KC47 also witnessed good voter turnout, with KC47 held on June 28 involving 117800 unique voters and 3. 17 billion KARATE tokens voted on Hedera.

At the time of writing, HBAR has seen a 21% decline over the past month and is currently trading at $0.051. This can be attributed to the general market risk, which has been accelerated by the fluctuation of major cryptocurrencies such as Bitcoin and Ethereum.

@ Newshounds News™
Source: Crypto News Flash

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DONALD TRUMP UNVEILS PLAN TO MAKE USA THE ‘CRYPTO CAPITAL OF THE PLANET’

▪️Donald Trump aims to make the US the “crypto capital of the planet” if elected.

▪️His sons’ World Liberty Financial may involve real-world assets and tokenization.

▪️Trump has promised a Bitcoin reserve and to replace SEC chair Gary Gensler.

In a bold move that could reshape the landscape of digital assets in the United States, former President Donald Trump has announced his intention to establish the US as the “crypto capital of the planet” if elected.

Trump’s announcement has ignited curiosity and speculation, particularly regarding the World Liberty Financial initiative spearheaded by his sons, Donald Trump Jr. and Eric Trump.

Though details of the World Liberty Financial project remain sparse, early rumours suggest that it may involve real-world assets and tokenization. The initiative’s official Telegram channel, which boasts over 53,000 subscribers, has cautioned crypto enthusiasts to remain vigilant against scams and imitation projects.

Trump’s embrace of cryptocurrency marks a significant shift from traditional political rhetoric. During a May gala, he first presented himself as a champion of the crypto industry, a stance he continued to reinforce at the July Bitcoin 2024 conference. 

There, he promised to create a strategic Bitcoin reserve and to replace Gary Gensler, the current Securities and Exchange Commission chair, a move likely to resonate with crypto advocates.

Amid fluctuating political odds between Donald Trump and Democratic candidate Kamala Harris, the former president’s crypto policies have garnered attention.

Additionally, a Bitcoin bill introduced by Republican Senator Cynthia Lummis from Wyoming has gained traction, aligning with Trump’s vision by proposing a strategic reserve of Bitcoin backed by gold certificates for a two-decade hold.

As the crypto landscape continues to evolve, Trump’s ambitious plans signal a potential shift in US policy that could influence the future of digital assets and blockchain technology especially if Donald Trump were to be re-elected.

@ Newshounds News™

Source: CoinJournal

~~~~~~~~~

CARDANO’S CHANG HARD FORK GOES LIVE, INTRODUCING ON-CHAIN GOVERNANCE

The highly anticipated upgrade turns Cardano's ADA cryptocurrency into a governance token.

Cardano, the layer-1 blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson, activated its highly anticipated “Chang” upgrade on Sunday, marking the ecosystem's long-planned shift towards decentralized governance.

With the Chang upgrade now live, ADA token holders will be able to shape Cardano's future by electing governance representatives and voting on development proposals.

CIP-1694, an official "Cardano Improvement Proposal," describes the new community governance structure and establishes three user-led governance bodies:

the Constitutional Committee, Delegate Representativ es (dReps), and Stake Pool Operators (SPOs). Moving forward, Cardano's three founding entities—the Cardano Foundation, Input Output Global (IOHK) and Emurgo—will no longer have the keys to trigger chain upgrades or "hard forks." Instead, that responsibility will be delegated to the new governance groups.

Cardano is the latest in a string of crypto projects to transition towards a more decentralized structure. The changes bring Cardano further in line with the blockchain industry's decentralized ethos, but they may also be viewed as a way to ward off securities regulators by bestowing ADA with extra utility.

Despite being ranked as the 28th largest blockchain by DeFiLlama, Cardano has consistently drawn attention from the crypto world, not least because of Hoskinson’s colorful personality and routine outspokenness. He originally created the Ethereum blockchain in 2014 alongside co-founders like Vitalik Buterin, but he quickly moved on from the project to build rival Cardano.

Hard forks—significant updates that render older versions of a blockchain obsolete—are a critical part of any blockchain’s evolution. The Chang hard fork is no exception, with its implementation spread across two phases.

The first phase, already live, introduces an Interim Constitutional Committee to temporarily oversee Cardano's governance. This phase is designed to be cautious, limiting the committee’s power to make changes to the blockchain's code while the rest of the ecosystem's governance model takes shape.

, expected to happen in 9The second phase0 days, will fully empower the new governance bodies. “Once everyone is onboard and well-informed, they will be ready to actively participate in governance,” said Giorgio Zinetti, CTO of the Cardano Foundation, in an interview with CoinDesk.

This upgrade is a pivotal milestone in Cardano’s roadmap, marking the beginning of the Voltaire era—a phase focused on achieving full decentralization that has been in the works since Cardano’s inception.

“I would say it is the biggest event in Cardano history, and it really makes us different from many other chains,” Zinetti told CoinDesk.

“I think we are the largest layer 1 with on-chain governance. There are some smaller players, like Tezos and Polkadot, who already have on-chain governance. But if there was a leaderboard, real decentralized layer-1s, we would be number one.”

@ Newshounds News™

Source:  CoinDesk  

Read more:  CoinDesk Aug 20, 2024

~~~~~~~~~

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Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

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News, Rumors and Opinions Monday AM 9-2-2024

KTFA:

Clare: Al-Sudani confirms to the consulting company the necessity of meeting the technical and economic needs of the development road project

9/1/2024

Prime Minister Mohammed Shia Al-Sudani received today, Sunday, representatives of Oliver Wyman Consulting Company for the Ministry of Transport.

A statement from his office, received by {Euphrates News}, stated that: "This came within the framework of Al-Sudani's follow-up of the Iraq Development Road project and the progress of work in it, in the presence of a number of advisors."

He added, "The meeting witnessed a review of a number of tracks to follow up on the implementation stages according to the timetable for the sections."

Al-Sudani stressed the "necessity of the consulting body to take into consideration meeting the technical and economic needs of the project, which confirms its pivotal role in the economy of Iraq and the region."  LINK

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Clare:  Imposing a curfew in all Iraqi governorates on November 20 and 21

9/1/2024

The Iraqi government decided, on Sunday, to impose a curfew on November 20 and 21 in all regions and cities of the country to conduct the population census.

This came during the chairmanship of Prime Minister Mohammed Shia Al-Sudani of the third meeting of the Supreme Population Council, during which the preparations underway to conduct the general population and housing census next November were discussed and followed up.

The meeting approved a set of decisions that would facilitate the preparation and training process for conducting the census, as follows: Imposing a curfew in all Iraqi governorates on November 20 and 21, to conduct the population census.

It was also decided to address the requirements with the Kurdistan Regional Government of Iraq regarding training statistical personnel for the numbering and enumeration process.

Among the decisions, the Ministries of Education, Higher Education and Scientific Research will support the statistical process by preparing classrooms for training, as well as youth centers through the Ministry of Youth and Sports.

The Council stressed in its decisions the need to expedite the transfer of financial requirements and allocations to finance the census project.

The statement also referred to hosting the head of the General Authority for Statistics and Geographic Information Systems in the meeting of the Supreme Committee for Coordination between the Governorates.

The meeting approved the study of amending the Compulsory Education Law No. 118 of 1976, as well as supporting the executive body for literacy in the governorates, and providing it with the required financial allocation.

It was also decided to adopt the report on the overall procedures and indicators achieved by the sectoral ministries concerned with implementing the recommendations issued by international conferences and national commitments on population issues, issued by the Statistics and Geographic Information Systems Authority in the Ministry of Planning, provided that the report includes appendices that include the most important statistical indicators resulting from the general population census, the social and economic survey of families in Iraq, and the multiple-indicator survey.

Today, Sunday, September 1, the Ministry of Planning began the census and numbering operations, which will continue for two months, in preparation for implementing the general population and housing census, scheduled for November 20, 2024.

The head of the Statistics and Geographic Information Systems Authority at the Ministry of Planning, Diaa Awad Kazim, called in a press conference held yesterday for the Council of Ministers to impose a curfew on the census day in order to complete household data.

Last May, the Iraqi Deputy Prime Minister and Minister of Planning announced commitment to the timelines of the action plan, and the population census will be implemented on its scheduled date of November 20, 2024.

At the end of last May, the Ministry of Planning conducted a pilot census in 86 localities distributed among 18 governorates, 46 in rural areas and 40 in urban areas.

Iraq is preparing to conduct a general population census on October 20 of this year.

According to estimates prepared by the Ministry of Planning, the population of Iraq in 2023 is 43 million people, while the capital, Baghdad, has the largest population according to population projections based on annual estimates.

The Ministry of Planning expects Iraq's population to reach 48 million by 2028.  LINK

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

Samson   Article 1:  "The Minister of Finance follows up on the regulation of the work of government banks with the international auditing firm Ernst & Young"  Article 2: "Central Bank contracts with international auditing firm in New York"

Militia Man  You didn't have anybody talking about privatizing the banks 20 years ago...It wasn't in the pipeline.  It's obviously different from 2016.  We don't have ISSI anymore.  It's obviously different from 2018.  Why would they print all that currency in 2018 and then just stop doing it?  ...It's really a complex situation.  It's more than just pushing a button... There was a component of corruption...We all know they're going to have transparency and accountability...With the likes of Ernst & Young involved the world will find confidence...You're going to find big things are underway for this country.

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The Collapse of America & Everything Wrong With Society Today (+ A Hopeful Way Forward) | Ray Dalio

Tom Bilyeu:  9-1-2024

Today, we dive deep into the complex dynamics of America's current economic and societal challenges with legendary investor and author, Ray Dalio. In this episode titled "The Collapse of America & Everything Wrong With Society Today (+ A Hopeful Way Forward),"

Tom and Ray explore the precarious state of the U.S. economy, examining the consequences of national debt, the importance of fiscal responsibility, and the geopolitical shifts threatening the dollar's status as the world reserve currency.

Ray Dalio lays out a clear blueprint for navigating these turbulent times, emphasizing the need for financial strength, prudent governance, and social cohesion.

The conversation delves into critical topics such as the devaluation of the dollar, the necessity of a thriving middle class, and the transformative impact of quality education and equal opportunity.

They also discuss intriguing case studies, including Singapore's remarkable rise and the fundamental principles that have guided historically successful nations.

This episode is a must-listen for anyone concerned about the future of America and looking for actionable insights on fostering a more resilient and prosperous society.

Tune in as Tom and Ray tackle the tough questions and offer a hopeful path forward.

https://www.youtube.com/watch?v=S0j8_1t1c1A

“Tidbits From TNT” Monday Morning 9-2-2024

TNT:

Tishwash:  Iraq participates in the meeting of the Arab Economic Council

The Arab Economic Committee is scheduled to begin its work today, Monday, to prepare for the 114th session of the Arab League's Economic and Social Council, which will be held at the ministerial level next Thursday, with the participation of the Minister of Trade, Athir Dawood Salman Al-Ghariri.

Iraq will be represented in the meetings of the Economic and Social Council by two delegations, the first from the Ministry of Labor, which will attend the meetings of the Arab Social Committee, while the second delegation will be from the Ministry of Trade and will participate in the meeting of the Economic Committee.

The Arab Social Committee held its meeting yesterday, Sunday, with the participation of a delegation from the Ministry of Labor and Social Affairs, and a number of decisions were submitted to the Council.
The ministerial meeting of the Economic and Social Council next Thursday, in which the Minister of Trade will participate, will be preceded by a meeting of senior officials in the Council the day after tomorrow, Wednesday.

Assistant Secretary-General and Head of the Social Affairs Sector, Ambassador Dr. Haifa Abu Ghazaleh, stated that the 114th session of the Economic and Social Council began its work with the Council's Social Committee.

Abu-Ghazaleh added that the Social Committee reviewed the report of the Secretary-General of the League of Arab States, which included all the efforts and activities that took place between the two sessions of the Council in various sectors of joint Arab social and development work.

She continued that the report focused on continuing to implement the social dimensions of the 2030 Sustainable Development Plan, supporting vulnerable groups in society, and other activities related to persons with disabilities and the elderly, health, youth, women, family and childhood, population policies, civil society and human rights, migration and expatriates, education, scientific research, culture and dialogue of civilizations.  link

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Tishwash:  Schlumberger signs Iraq Training Agreement

The Arab Institute for Oil and Schlumberger have signed a cooperation agreement at the Iraqi Ministry of Oil, focusing on training and development for the sector's workforce.

Bassem Mohammed Khudair, the Deputy Minister for Extraction Affairs, stated that this memorandum aligns with the ministry's strategy to enhance technical and engineering skills.

Schlumberger's Executive Director in Iraq, Waseem Al-Azmeh, emphasized the company's commitment to using its expertise to develop the skills of Iraq's oil sector employees.

Hisham Yass, General Director of the Training and Development Department, highlighted that this partnership is a significant addition to the ministry's training program, to be implemented through the Arab Institute for Oil, which is responsible for certifying training programs.

Ghaleb Mohammed Ali, the Deputy Director of the institute, expressed hope that this collaboration will help achieve the ministry's goals in improving the performance of its workforce.   link

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Tishwash:  The Central Bank of Iran sold 320 billion Iraqi dinars to visitors

Iranian media revealed, today, Sunday, that 1.6 million Iranian visitors purchased the Iraqi currency in Iran before heading to Iraq to perform the Arbaeen pilgrimage.

Tala website reported that from August 7 to September 1, more than 1.6 million people received the "Arbaeen Coin", at a rate of 200,000 Iraqi dinars for each visitor, to meet their needs in Iraq.

He explained that selling dinars to visitors is a very good step, and has been taking place for two years, and saves visitors the trouble of converting their currency in Iraq into Iraqi currency, and Iraqi dinars can be obtained at a certain price for purchase directly from Iranian banks.

The website quotes experts as saying that in general there is no problem in providing the dinar from the point of view of the existence of the Central Bank, and next year the amount will be increased to more than 200 thousand dinars for each visitor.

Arbaeen visitors who travel to Iraq by air can obtain $500 in travel currency in addition to 200 thousand dinars in Arbaeen currency from the ATMs located at Imam Khomeini International Airport.

According to the announced figures, the Central Bank of Iran sold 320 billion Iraqi dinars to visitors entering Iraq, while questions remain about where the Central Bank of Iran gets the Iraqi dinars from, and whether they are one of the payments that Iraq spends on Iran to settle some import transactions that cannot be paid in dollars.   link

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Tishwash:  Al-Sudani's advisor explains the reasons for the fluctuation of gold prices in Iraq

The financial and economic advisor to the Prime Minister, Mazhar Salih, said today, Monday, that the reasons for the fluctuation of the price of gold in Iraq are not internal, but rather global, indicating that the Iraqi government encourages the import of gold because it is a “safe haven” for wealth.

At the state or individual level, gold has historically been a safe haven for preserving the purchasing power of wealth, as people keep gold for that purpose, and the cycle of gold assets between rising and falling is usually slow. If we take the cycle of assets, we find gold, almost as an average, as it is of constant value among other wealth,” Saleh told Al Furat News Agency, explaining that “society has historically been accustomed to keeping gold as a tendency to preserve personal wealth.”

He added, "In the modern era, the state keeps part of its foreign reserves supporting the national currency in gold. For example, Iraq keeps about 148 tons of gold, which constitutes 10% of its foreign currency reserves."

During the past month of February, Iraq's gold reserves witnessed a significant increase, as data from the International Monetary Fund showed that Iraq had increased its holdings of the precious metal by 3,079 tons, bringing the total to 145,661 tons.

He continued, "The reserves are a diversified investment portfolio of gold and currencies such as the dollar, euro, pound, yuan, yen, and others," describing this diversity as "based on basic global evidence, and it is not arbitrary."

He pointed out that "this evidence was made in agreement with the International Monetary Fund, in terms of the percentages of monetary gold that support and are considered a cover for the Iraqi dinar."

He stressed that the global standard for this is 10%, considering gold “not easy for fast payment operations and others, and it is heavy, but it is part of protecting reserves and confronting fluctuations in currency values.”

He explained that "the gold asset cycle is slow, so keeping it protects reserves from currency fluctuations. Iraq is not a maker of gold prices in global markets, but rather a recipient, because we are not a country that possesses gold wealth, but rather we import gold. Therefore, the entry of gold into

Iraq is a good wealth that is better than the entry of consumer goods that are not valuable and drain resources. Gold is a "precious wealth for the future," noting that "the gold discovered in the world is approximately 75%, and it is limited and not extensive, so central banks are pushing to keep a minimum amount of gold."

He stressed that "the policy of encouraging the entry of gold into Iraq is an import of wealth, and as assets they represent good stores of wealth, so the state encourages this and the customs taxes on them are moderate," indicating that "the gold markets in Iraq depend on two things: its price in the world and the extent of the rise or fall of the dollar, and we receive external visas at the value of gold and the dollar," considering encouraging the flow of gold into Iraq "a good thing. Recently, the price of gold has risen in Iraq, as the price of a mithqal (5 grams) has exceeded 500 thousand Iraqi dinars."   link

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Mot: .. Have a Safe One!!! 

Mot: Siiiiiigggghhhhhh -- AGAIN!!! ---

More News, Rumors and Opinions Sunday PM 9-1-2024

TNT:

Tishwash:  Finance: Iraq maintains its credit rating and foreign exchange reserves level

 The Ministry of Finance confirmed, on Sunday, that Iraq has maintained its credit rating and the level of foreign currency reserves.

The ministry said in a statement, seen by "Al-Eqtisad News", that "in the latest report issued by Standard & Poor's Credit Rating Agency (S&P), Iraq maintains its credit rating at B- / B with a stable outlook, indicating financial and economic stability in Iraq."

It added, "The new rating reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and fulfilling other external financial obligations as a result of the stability of crude oil prices." It continued,

"The agency's report indicated the possibility of improving Iraq's credit rating in the event of an increase in the economic growth rate, diversification of the state's oil and non-oil public financial revenues, an increase in the per capita income share of the national income, and the continuation of financial and economic policy reform measures."  link

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Tishwash:  Prime Minister's Advisor Announces Increase in Non-Oil Revenues Compared to Previous Years

The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, announced today, Sunday, that non-oil revenues have increased compared to previous years, while pointing to two factors that contributed to maximizing revenues. 

Saleh told the Iraqi News Agency (INA): "There are tangible positive indicators in the growth of non-oil revenues for the year 2024 compared to previous years that reached record levels," explaining that "the development of oil and non-oil revenues (at the semi-annual level) between 2023 and 2024 has shown a distinctive growth in revenues in general, and non-oil revenues in particular, as these available financial digital data indicated tangible levels of financial revenues."

He pointed out that "oil revenues (semi-annual) for the year 2023 amounted to 53.88 trillion dinars, while non-oil revenues amounted to nearly 0.42 trillion dinars (during the six months of the same year 2023)," indicating that "oil revenues in the first half of the year 2024 amounted to 58.80 trillion dinars, while non-oil revenues (at the end of the first half of the year 2024) rose to reach 7.18 trillion dinars."

 He added: "This is a major development in the public financial capabilities during the current year to maximize its resources from non-oil sources," adding that they are "clear trends that have taken their practical course, relying primarily on a new approach to tax reforms (in both direct and indirect forms)."

Saleh added, "The positive development in non-oil revenues is due to two important factors, the first: the broad applications of government policies in the field of public finance reform (organizationally and procedurally) through paths that are in line with the principle of maximizing non-oil revenues stipulated in the government's program for financial reform, which stipulates raising the contribution of non-oil revenues to 20% of total annual revenues compared to the previous low rates."

Saleh stated 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. Two of these packages have been launched to date, and the rest of the 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.”

He pointed out that "the second factor stems from the importance of implementing e-governance processes, especially the serious progress in implementing digital service systems in cooperation and technical and organizational assistance provided with financial and commercial bodies and institutions affiliated with the United Nations."

He explained that "the adoption of digital applications at border crossings and customs sites, which have taken important aspects of auditing and estimation operations, in addition to the expansion of the scope of digital customs and tax collection related to electronic payment, has worked to maximize non-oil financial resources and control cash flows for the benefit of the treasury, which is a matter that has begun to serve the integration of procedures for implementing the unified treasury account and imposing financial discipline on cash flows in the federal public finance at the same time  link

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

Nader From The Mid East  Everybody's saying there's a new category of currency come out in the streets of Iraq.   We heard it but we didn't see anything.  Nothing new, we still with the same currency.  For now didn't see anything. 

yada    Considering the revelation of last week's progress in NY, regarding the activation of Iraq's ability to exchange the other currencies world wide starting Friday...The digital conversions of dinars to other currencies and visa versa. That was achieved on Friday...I believe the RI is done and awaiting the markets reopening. Trillions in dinar will gain value and contracts and agreements will be active.

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Iqd removing 3 0 from Iqd #

Nader:  8-31-2024

https://www.youtube.com/watch?v=2DyQ0kup3Dk

BREAKING NEWS Iraqi Parliament Giving Itself a Raise!

Edu Matrix:  8-331-2024

People in Iraq Not Happy About Parliament's Decision to Give Itself a Raise! BREAKING. Currency News; Iraq:

https://www.youtube.com/watch?v=zDLCsFFAO2A

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 9-1-24

Good Afternoon Dinar Recaps,

ARE XRP AND XLM CORRELATED? RIPPLE CTO SHARES INSIGHTS

XRP and Stellar (XLM) are two cryptocurrencies that have been constantly compared in terms of price growth and development. Both digital assets are committed to facilitating cross-border transactions. In continuance to a discussion revolving around XRP that initiated in March, the Ripple CTO, David Schwartz has shared some interesting insights into the correlation between XRP and Stellar (XLM).

Insights From Schwartz’s

In an X post, Schwartz openly acknowledged that he had no idea what were the factors that drive XRP’s price. It might be surprising to see that such a statement is made by one of the key architects of XRP Ledger, but regardless, it is worth noting that this might highlight various market factors that might be influencing the XRP price action.

He further went on to notice a crucial point stating-

“The only real objective data point I have is that XRP tracks the price and market cap of XLM incredibly well over all time frames.”  This observation might imply that despite the complexities influencing the price action, XRP and XLM share a closely connected path.

Exploring Their Origins And Price Influence

XRP and XLM share identical origins, as XLM was created by Jed McCaleb, a co-founder of Ripple who later split to start Stellar. Both the tokens are intended to facilitate cross-border payments, although they cater to different markets and use cases.

The correlation emphasized by Schwartz could mean that market forces affecting one of these tokens often influence the other. However, the exact reasons for this correlation remain speculative, as Schwartz himself has cited the lack of clarity on the precise drivers behind XRP’s price.

CTO’s Previous Hints To The Correlation

Schwartz had previously also shared a chart displaying a strong correlation in the price movements and patterns between XRP and XLM tokens and had explained the distinct reasons behind XRP and XLM’s unique price movements.

The Ripple CTO had admitted even back then that he lacked an accurate explanation for the price correlations, however, he provided two major factors that could be influencing the price trends.

The Two Factors That Could Be At Play

Schwartz revealed that comparable market forces that regulate various cryptocurrencies also control XRP and XLM. He stated that most investors and crypto enthusiasts often place XRP and XLM within the same category due to the cryptocurrencies’ historical connection.

Therefore a significant number of people simultaneously engage in buying and selling XRP and XLM causing the cryptocurrencies to have similar price movements

XRP and XLM have gained significant attention, and often viewed as the leading contenders for cross-border payments and mainstream adoption. While they tend to display similar price tracks, there still needs to be some clarity on the correlation between the two.

@ Newshounds News™

Source: Coinpedia

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REPORT: BLOCKCHAIN IS POISED TO OVERHAUL GLOBAL PAYMENT SYSTEMS

According to a Binance report, blockchain technology is set to transform the global payments landscape by addressing inefficiencies in traditional financial systems.

The Binance research report highlights that while current payment methods, such as Visa and Mastercard, offer the convenience of near-instantaneous payment authorization, actual settlement times often lag, sometimes by several days.

This delay is especially pronounced in cross-border transactions, where communication between banks in different countries can extend settlement times.

In contrast, blockchain-based payments offer near-instant settlement. The report cites a 2021 pilot conducted by Visa and Crypto.com in Australia, where the use of USDC (USDC) and the Ethereum (ETH) blockchain allowed cross-border transactions to be settled in a fraction of the time traditionally required.

Newshounds News™

Source:  Crypto News

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KEY EVENTS IN SEPTEMBER 2024 IMPACT THE CRYPTOCURRENCY SECTOR IN BRIEF

 
▪️September 2024 will be critical for the cryptocurrency sector.

▪️Key events include Korea Blockchain Week and US economic data releases.

▪️Political and economic developments could significantly impact the crypto market.

September 2024 will be a highly active and critical period for the cryptocurrency sector. The events occurring during this time could shape both the developments in the sector and the future of the market. Wu Blockchain has provided a list of important events, and we will take a closer look at the details.

▪️Korea Blockchain Week Starts on September 1
▪️US Non-Farm Payroll Data for August to be Released on September 6
▪️Trump and Harris to Meet on September 10
▪️US Inflation Data to be Released on September 11
▪️Token2049 Global Conference and Fed Interest Rate Decision on September 18
▪️Former Binance CEO Changpeng Zhao to be Released on September 29

Korea Blockchain Week Starts on September 1

First, the Korea Blockchain Week starting on September 1 stands out as a major event where significant figures in the sector will gather.

US Non-Farm Payroll Data for August to be Released on September 6

The US Non-Farm Payroll Data for August, which is of great importance for the US economy, will be released on September 6.

Changes in employment are expected to provide clues about the overall state of the US economy. A potential decline in the data could cause fluctuations in the cryptocurrency market, as negative economic signals may increase interest in risky assets.

Trump and Harris to Meet on September 10

The first presidential debate between Trump and Kamala Harris, scheduled for September 10, is highly anticipated.

The focus on economic issues in the debate will attract the attention of the cryptocurrency community. Political developments in the US are closely related to the crypto market, making this debate highly significant.

US Inflation Data to be Released on September 11

Inflation data has always been critical for cryptocurrency investors. The US Consumer Price Index (CPI) data for August, to be released on September 11, will provide important insights into the direction of inflation.

Since cryptocurrencies are known to be seen as a hedge during high inflation periods, this data could create significant market activity.

Token2049 Global Conference and Fed Interest Rate Decision on September 18

The Token2049 Global Conference, starting on September 18, is another major event where significant figures in the sector will gather. Announcements made during the conference, especially new partnerships and projects, could cause significant fluctuations in the cryptocurrency market.

On the same day, the Federal Reserve FOMC meeting will determine decisions regarding interest rates. Interest rate cuts generally increase interest in risky assets like cryptocurrencies. the-cryptocurrency-sector/#trump-and-harris-to-meet-on-september-10Additionally, the final decision in the case against Trump concerning allegations of irregularities in job records will also be made on the same day.

@ Newshounds News™

Source: Coin-Turk

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Economist’s “News and Views” Sunday 9-1-2024

The Next Black Swan Event Is About To CRUSH The U S Economy

Atlantis Report:  8-31-2024

There is a growing sense of unease among the influential people in the United States. Rumors of an upcoming economic disaster have intensified to the point of being overwhelming.

Recent fluctuations in the value of the U.S. dollar have caused a lot of anxiety among investors and policymakers worldwide.

While a strong currency is usually seen as a positive thing, in this case, its sudden surge has created uncertainty and left many people worried.

 Understanding the reasons behind this situation, the threat of recent fluctuations of the U.S. dollar, and the complex dance between the Federal Reserve and interest rates is essential.

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

Banks Can't Hide From The Truth | Adrian Day

Liberty and Finance:  8-31-2024

Adrian Day discusses the current risks to banks, insurance companies, and pension funds, highlighting concerns about commercial real estate.

He notes that the U.S. economy is weaker than it appears, evidenced by recent job revisions and a predominance of part-time and government positions.

Day anticipates that the Federal Reserve will cut interest rates, a move that typically signals a forthcoming recession but is favorable for gold and commodity investments.

He explains that gold stocks are starting to outperform physical gold, presenting a compelling opportunity for investors.

Additionally, Day predicts a rotation out of overvalued U.S. stocks into undervalued global and commodity stocks, suggesting a cyclical shift in market performance.

https://www.youtube.com/watch?v=PmGzakUliD8

Rafi Farber: Bloomberg Explicitly Calls the End Game In the Repo Market

Arcadia Economics:  8-331-2024

It's what Rafi Farber has been saying for about two years now. The End Game will be focused on the repo market, where banks trade each other trillions of dollars every night for wholesale funding.

With the Fed continuing quantitative tightening, eventually there will not be enough dollars to grease the repo market, and we will hit another repocalypse.

 Bloomberg finally sees it coming, even using the term "end game" to describe it.

In this week's silver report, Rafi goes into this and other topics including the percentage of dollars backed by deferred assets (Fed losses) and when, theoretically, every dollar in existence will be backed by what the Fed owes the Treasury.

https://www.youtube.com/watch?v=mbiE-5RC3fU