News, Rumors and Opinions Monday AM 10-14-2024

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

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

Compiled Mon. 14 Oct. 2024 12:01 am EST by Judy Byington

Possible Timing: (Rumors/Opinions)

Fri. 4 Oct. 2024 saw the (Alleged) launch of a new Quantum Financial System (QFS) satellite, linking the system to Starlink. The QFS now has global transparency, independent of Earth-based infrastructure.

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar and will now pay trade in local currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

Sat. 12 Oct. 2024 Wolverine: “From all sources, this is the (Alleged) week we have been waiting for. Things are defiantly moving.”

On Mon. 14 Oct. 2024 at the BRICS Summit they are (allegedly) going to announce the Seven Kingdoms, along with the Global Currency Reset.

Mon. 14 Oct. 2024 the old banking system—Bank of America, Deutsche Bank and JP Morgan— was expected to collapse, with the QFS taking over as stock markets crash.

Wed. 16 Oct. is a designated celebration day for Iraq and the day they will (allegedly) pay their contractors in the new Dinar Rate.

Brace yourselves—the storm is upon us.

The Earth Alliance, Star Link, and military are ready to execute the final phase. The old world is crumbling, and a new era of freedom is beginning. For years, the Earth Alliance has been preparing, quietly building a secure network of satellites that will make this possible.

The EBS broadcast could last up to 10 days, depending on ground conditions. During this time, there will be no internet, no social media, no TV, no mainstream news. Stock up on food, water, and supplies—you won’t be able to access stores or services during this period.

The Deepstate’s financial institutions will collapse. The Quantum Financial System (QFS) will replace the corruptt system, marking the greatest wealth transfer in history. Banks, stock markets, and fiat currencies will be obliterated, replaced by a fair system that serves the people.

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

Sun. 13 Oct. 2024 Russia’s Gold Standard, QFS Satellites, and Starlink Annihilate the Fiat System—Globalist Financial Control SHATTERED as Deepstate Scrambles to Hide Their Collapse! …John F. Kennedy Jr. on Telegram

As of October 11, 2024, the pieces of the globalist control puzzle are falling apart. What’s happening now will make everything else look like child’s play. The Russian gold-backed ruble is fully operational, but it’s just the beginning. New intelligence reveals that China, India, and Brazil are quietly aligning with Russia in a multi-nation gold-backed currency alliance to take down SWIFT—the Deepstate’s financial chokehold on the world.

SWIFT, the dirty money machine of the DS, is crumbling. This is an attack on the petrodollar, and as the world turns away from fiat currency, the DS’s empire is collapsing. The new gold-backed ruble is tied to Russia’s energy markets, and now Europe is on the verge of financial ruin. Countries like Germany, France, and Italy are in secret negotiations to move away from the dollar and adopt the gold-backed ruble.

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

Global Financial Crisis:

Operation Sandman is a collaboration of 100+ nations in agreement to simultaneously sell off their US Treasury holdings, sending them back to the US to collapse the US Dollar. https://x.com/danscavino/status/1845139034601030143?s=46

Sun. 13 Oct. 2024: The BRICS nations have an agreement to stop trading on the US Dollar: https://x.com/_crypto_barbie/status/1845382250407313848?s=46

Sun. 13 Oct. 2024: OPERATION SANDMAN Now Activated: 100 Nations Launch Devastating Strike to Obliterate the US Dollar and Cripple America’s Economy! – amg-news.com – American Media Group

Sun. 13 Oct. 2024: Canada Banks Prepare For Bank Run Risk: https://financialpost.com/fp-finance/banking/canada-bank-run-risk-rising#:~:text=Canada%20may%20not%20have%20had,country’s%20top%20banking%20regulating%20agency

Read full post here:  https://dinarchronicles.com/2024/10/14/restored-republic-via-a-gcr-update-as-of-october-14-2024/

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

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

Militia Man  Iraq is filthy with assets.  All non-oil income...natural resources...are taken into consideration when they figure a Real Effective Exchange rate which we haven't seen.  The original $3.22 was based off oil.  It was not based off non-oil...taxes at the borders, income derived from phone bills, electronics, sales tax, things of that nature.

Frank26  Question: "Are we waiting for after our elections or IYO does it have anything to do with it?"  No, our elections have nothing to do with the monetary reform of Iraq.  No, those are completely two different tracks, two different directions...destinations.  Although one is depending on the other.  Why do you think the US Treasury told Sudani, get your butt back there and get this done?

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

MARKETS A LOOK AHEAD: SOON ALL BETS ARE OFF! AND THIS IS WHAT YOU NEED TO KNOW.

Greg Mannarino:  10-13-2024

https://www.youtube.com/watch?v=Fx28i7bcX90

$1 TRILLION DEAL: Big US Banks Enjoy Billions in Profit as Depositors Are Taken Advantage Of

Lena Petrova:  10-12-2024

https://www.youtube.com/watch?v=exyk98RI0RE

“Tidbits From TNT” Monday Morning 10-14-2024

TNT

Tishwash:  Iraq Accelerates Fiber-Optic Roll-Out

Iraq has increased the rate at which it is installing fiber-optic internet connections.

The Ministry of Communications reports that more than 3.5 million FTTH (fiber-to-the-home) connections have been complete so far in 2024.

This compares to 2.9 million last year, 1.5 million in 2022, and 276,000 in 2021.

(Source: Ministry of Communications)   link

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

Tishwash:  Governor of the Central Bank of Iraq receives the Ambassador of the Federal Republic of Germany to Iraq

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Her Excellency the Ambassador of the Federal Republic of Germany to Iraq, Ms. Christiane Homann.

During the meeting, they discussed banking relations, enhancing the financial inclusion plan in Iraq, and the importance of digital transformation, in addition to providing full support to Al-Riyada Bank for financing small projects, which will launch its services soon.
His Excellency the Governor stressed that there is a great desire among citizens to use electronic cards, which enhances electronic payment in Iraq, as the Central Bank of Iraq has taken many steps in this direction in coordination with the relevant authorities.

His Excellency explained that Al-Riyada Bank will provide its services to an important segment of customers, as it aims to provide support to emerging small and medium enterprises, as it will be a bank different from other banks through its unconventional products that will contribute to creating job opportunities for various social groups in society, and open new horizons in a stable investment environment, noting that there will be representative offices in most Iraqi banks to facilitate customers' access to it and benefit from its services.

The plan to reform the government and private banking sector was reviewed with direct support from the Prime Minister to achieve a stable, secure and efficient sector.

For her part, the German Ambassador expressed her country's readiness to provide advice and technical support for such important projects that support the common goal of diversifying the Iraqi economy.

Central Bank of Iraq
Media Office
October 14, 2024  link

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

Tishwash:  Pursuing Reform: Q&A With Iraq’s Central Bank Governor Ali Muhsen Al-Allaq

October 10, 2024

The governor of the Central Bank of Iraq, Ali Muhsen al-Allaq, speaks to Global Finance about the main challenges and top priorities for the bank.

Global Finance: Iraq went through decades of wars and crises. How did that impact the Iraqi banking sector?

 Ali Muhsen al-Allaq: The banking sector faced severe headwinds starting with the Iraq-Iran war of 1980-1988, which damaged the country’s financial stability and the banks’ ability to service internal debt. With the 1990’s crisis and the Kuwait war, the dinar’s value then collapsed on the parallel market. That created a major challenge for banks in settling deposits and loans, ultimately undermining public confidence in the banking system.

More recently, the fall of the former regime coupled with terrorism, the war against the Islamic State, and ongoing security and political unrest directly impact banks’ ability to attract savings. In times of uncertainty, particularly during displacement in war-torn areas, individuals tend to hold onto cash.

On the other hand, Iraq’s isolation from the rest of the world, starting in the 1990s, resulted in a large technological gap. This is particularly true of state-owned banks, which inherited problems from previous decades. They find themselves unable to keep up with the recent challenge of building a solid private sector to help diversify the economy.

GF: What is the top priority for the Central Bank of Iraq currently?

Al-Allaq: Our primary objective is to maintain price stability while also promoting sustainable development. The CBI is continuously trying to balance its economic responsibilities in light of the inflationary waves currently impacting the global economy, which have a severe impact on the cost of living for low- and middle-income households. Given Iraq’s reliance on imports, the CBI works hard to stabilize prices by controlling liquidity levels. The central bank also supports economic growth by financing projects that stimulate local production and reduce imports. Finally, the CBI also drives banking sector reform and promotes financial inclusion through electronic payments to deepen the overall level of banking services in Iraq.

GF: What are the main challenges facing the central bank?

Al-Allaq: Iraq’s delay in keeping pace with technology, due to prolonged security and political crises, has made banking sector reform a top priority for us. Because reform takes time, we have set the stability of exchange rates as a first, and very challenging, intermediate goal. The ongoing crises have eroded public confidence in the banking sector, reducing the impact of action on interest rates on the real economy—a crucial tool for all central banks, especially during inflationary periods.

Additionally, the low level of financial depth, the prevalence of an unregulated small and midsize enterprise [SME] network and the heavy reliance on the oil sector exacerbate structural imbalances. That makes our country vulnerable to external shocks, leading to increased budget deficits and rising internal public debt, all of which further weaken the impact of monetary policies on the real economy

GF: The Iraqi banking sector is under international scrutiny, with concerns that some countries sanctioned by the United States access US dollars through Iraq. How do you combat fraud and money laundering?

Al-Allaq: The central bank is striving to strengthen Iraqi lenders through various measures including intensified controls, procedures and inspections targeting banking and non-banking financial institutions, and the establishment of an AML/CFT and a compliance office in Baghdad. To ensure a high level of compliance with global regulatory standards, we also contract with specialized international companies to pre-audit foreign transfers, restrict the delivery of US dollars to travelers at Iraqi airports and conduct enhanced internal processes regarding all transactions in foreign currencies.

GF: How can the Central Bank of Iraq help diversify Iraq’s economy?

Al-Allaq: One of our primary goals is to promote sustainable development by supporting bank liquidity and directing it toward private sector projects. In 2015, the CBI launched two key initiatives: the One Trillion Initiative to finance small and midsize enterprises through commercial banks, and the Five Trillion Initiative to fund large projects via specialized banks. These efforts have expanded to include a one trillion dinar [$770 million] initiative for renewable energy, aimed at addressing our country’s electricity challenges and climate concerns.

These initiatives are designed to develop the non-oil sector and drive economic diversification. As a result, non-oil GDP grew by 4.4%, reaching 87.7 trillion dinars in 2023, driven by growth in manufacturing, construction, trade and services. Additionally, the central bank’s National Strategy for Bank Lending has further supported economic diversification by organizing funding for private sector projects  link  

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

Prime Minister's Advisor: Implementation of the 2024 budget is proceeding smoothly

The Parliamentary Finance Committee is expected to discuss the 2025 budget next November, amid a general trend to pass it easily and not amend it significantly, while the Prime Minister's Advisor for Financial Affairs, Dr. Mazhar Muhammad Salih, stated that the 2024 budget that entered into force had a "precautionary deficit" of about 64 trillion dinars.

Salih said, in an interview with "Al-Sabah": The average Iraqi oil sales for 2024 were estimated at no less than $75 per barrel, noting that the general financial need for "bridge loans" (which are short-term loans) to address the possibility of a deficit may not exceed 10 trillion dinars in all cases, which are borrowing amounts permitted under Law No. 13.

The financial advisor added that the country's "financial life" in 2024 is proceeding smoothly, wondering, otherwise how did the Ministry of Finance issue 2024, in cooperation with the Central Bank of Iraq, "achievement bonds" for public subscription.

Saleh explained that these bonds are denominated in Iraqi dinars and come in multiple categories, including a category of 500,000 Iraqi dinars for two years with an annual return of 6.5%, indicating that these bonds are a safe investment, as the government is committed to paying the annual interest on them, and they are an integral part of bridging the deficit in the general budget for the year 2024, which means that they will come into effect.

In turn, economic researcher Ziad Al-Hashemi warned in an interview with “Al-Sabah” that the 2024 budget is facing pressures in terms of limited liquidity, noting that this has caused the government to be unable to spend the capital or investment budget, and to direct liquidity exclusively towards the operating budget.

Al-Hashemi continued that this mechanism has disrupted the implementation of the government’s development and service programs and has significantly disrupted them, expecting the deficit in the 2025 budget to increase with the decline in oil prices, below $70 as a result of the decline in global demand for oil.

He expected that it would cause financial hardship and a weakening of the ability to spend if the decline in oil revenues continued for periods exceeding two quarters, indicating that the hardship might force the government to return to borrowing internally and externally, in the hope that oil prices would rise again in the near future. link

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

Mot: .. Can You Feel it!!!??? --- Hmmmmmmm 

Mot: ... Ya all Ready fer Monday!!!??? 

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 10-13-24

Good Afternoon Dinar Recaps,

RIPPLE NEWS: CAN THE SEC STOP XRP ETFS?

Ripple’s Chief Legal Officer, Stuart Alderoty, announced on X that the company has filed a cross-appeal in its legal case against the U.S. Securities and Exchange Commission (SEC).

This action follows the SEC’s appeal last week to the U.S. Court of Appeals, which seeks to overturn parts of District Judge Analisa Torres’ ruling related to XRP.

Legal expert James Murphy aka MetaLawMan recently opened up about the status of the XRP Trust and its implications for the broader cryptocurrency market, especially concerning regulatory challenges posed by the SEC.

In an interview with Thinking Crypto, when asked if the SEC’s appeal might hinder these approvals, James expressed concern that the SEC could use the existing uncertainty as a reason to deny the XRP ETP (Exchange-Traded Product). He said that for an ETF to be approved, the asset must qualify as a commodity, which complicates the situation for XRP.

Uncertainty Surrounding Approvals
James believes that the SEC might feel pressured to deny these products, citing that there is still uncertainty in the market. He suggested that the SEC could drag out the process, possibly prompting further legal challenges similar to past scenarios with Bitcoin.

James pointed out that a change in SEC leadership could lead to a more favorable environment for crypto-related products. He referenced a recent hearing where the commissioners appeared open to Congress updating legislation, contrasting this with SEC Chair Gary Gensler’s evasive responses.

Public Sentiment Towards Gensler
James criticized Gensler’s performance during the hearing, expressing eagerness for a change in leadership. He said that candidates from the Trump camp could potentially replace Gensler, opening the door for more innovation in the crypto space.

Fair Notice and Regulatory Clarity
During the hearing, the concept of “fair notice” was stressed, explaining the need for clear rules in regulatory practices. James stressed that a transparent legal framework is essential for compliance, asserting that the current ambiguity undermines the rule of law.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

US GOVERNMENT PAYS $950,000,000,000 IN INTEREST ON NATIONAL DEBT IN JUST ONE YEAR, SAYS CONGRESSIONAL BUDGET OFFICE

The US government just spent nearly $1 trillion to service the interest on its rapidly growing national debt.

Data from the Congressional Budget Office (CBO) says the government ran an approximately $1.8 trillion budget deficit for the 2024 fiscal year, which ended on September 30th.

The government collected $4.918 trillion in revenue last fiscal year but spent a total of $6.752 trillion.

All in all, outlays for interest on public debt were the second-largest US government expense last fiscal year, just behind the estimated $1.448 trillion allocated to Social Security benefits.

News of the US government’s large budget deficit for the last fiscal year comes as the country’s national debt balloons to $35.693 trillion.

Adam Kobeissi, founder and editor-in-chief of The Kobeissi Letter says the nation’s public debt is significantly outpacing economic growth.

“US public debt has jumped $345 billion over [a three-day period], hitting another record of $35.7 trillion.

Since June 2023, federal debt has surged by a MASSIVE $4 trillion, or 14%. Over the same time period, US GDP is up just $1.5 trillion, or ~6%.

In other words, the national debt has outpaced the economic growth by 2.7 TIMES over the last 16 months. Outside of the pandemic crisis, US federal debt has never grown so rapidly.”

@ Newshounds News™

Source:  DailyHodl 

~~~~~~~~~

NATIONAL BANK OF BAHRAIN LAUNCHES BITCOIN-LINKED STRUCTURED PRODUCT

The National Bank of Bahrain (NBB) unveiled the Gulf’s first Bitcoin-linked structured product developed in partnership with crypto firm ARP Digital. The investment is only available to accredited investors. Structured products invariably include derivatives and are often customized for investors.

The Bitcoin-linked structured product will allow some returns from a crypto price rise, but the amount its capped. However, the product claims to offer 100% downside protection.

“We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection,” said Hisham AlKurdi, Group Chief Executive – Markets & Client Solutions at NBB. “This product underscores our focus on offering our wealth management clients innovative and secure avenues to diversify their portfolios.”

100% Bitcoin downside protection?
If the 100% downside protection sounds too good to be true, it’s probably not. A collar is a classic options strategy. That would involve holding the underlying Bitcoin, and buying a put option at the current price (quite expensive), which lets you sell if Bitcoin’s price falls.

Additionally, it involves selling a call option at the capped return price. The money earned from selling the call option can be used to offset part or all of the cost of the put option. However, we don’t know the precise structure of this particular product.

While NBB is listed on the local stock exchange, two government linked organizations own 55% – the sovereign wealth fund Bahrain Mumtalakat Holding and the Social Insurance Organization that manages Bahrain government pension funds. ARP Digital was founded by a Goldman Sachs veteran.

@ Newshounds News™

Source:  Ledger Insights  

~~~~~~~~~

🌍 SHOULD I LEARN CRYPTO IF OVER 60?  WHY?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Sunday Afternoon 10-13-2024

MikeCristo8: Profound Changes Coming on October 22nd

10-12-2024

What macro investors don’t understand about the fiat currency collapse.

Is there will be no price discovery between the fiat dollar and a financial asset (stocks-bonds).

What I mean by the collapse of the dollar is you will go to the bank to make a “dollar” transaction and the bank will tell you we will no longer take your dollars.

Then what?

It is likely that BIG American banks will hold the BRICS unit as part of their foreign currency reserves.

You got the U.S. Treasury shadow bank that will see $100 trillion in foreign dollar reserves that is unwinding now.

These are dollar for oil reserves unwinding.

https://twitter.com/Barchart/status/1844901392512844113

No one understands the profound changes coming on Oct 22nd with the new BRICS global monetary order.

For the sake of humanity itself, The world is ready and must leave the United States and the dollar.

With Turkey and Iran for sure getting admitted into BRICS.

About 70% of the worlds population will be in BRICS.

All the nay sayers have a stake in the dollar not collapsing.

Too bad for them.

Source(s):
https://x.com/MikeCristo8/status/1844910377961964002
https://x.com/MikeCristo8/status/1844914287854354661
https://x.com/MikeCristo8/status/1845152736310067388
https://x.com/MikeCristo8/status/1845208747012129087

https://dinarchronicles.com/2024/10/12/mikecristo8-profound-changes-coming-on-october-22nd/

***********

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

Militia Man    Article:  "The Minister of Finance stresses the need to adhere to the timetables to achieve economic reforms" This cooperation...goes far beyond Iraqs borders...The World Bank, the IMF, the Bank of International Settlements, the WTO,  United States Treasury, etc....all have reached agreements with respect to Iraqs reforms and sustainability towards economic growth...It shows the aforementioned entities...know what Iraq's reforms will mean to the world and the impacts it will likely bring to many nations of the world! ...They are now openly making sure they are on record in saying so..

Frank26   Question:  "The exchange rate change should be the next step before the lower notes and everything else right?"  The next step is to introduce the lower notes and the new exchange rate yes.  But in that process it's a chain of events - Picture a room with 100 mouse traps...if you throw one ping pong ball in that room...one mouse trap will cause a chain reaction...to fire off.  That is what's going to happen when you have the new exchange rate introduced to the world...

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

TNT:

Tishwash:  Parliamentary Finance: Non-oil budget revenues will reach 30 trillion dinars next year

The Parliamentary Finance Committee expected, on Sunday, that non-oil revenues in the 2025 budget would reach 30 trillion dinars, represented by electricity collection, taxes, and revenues from the Baghdad Municipality and all municipal departments. 

Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, told Shafaq News Agency, "The Parliamentary Finance Committee held a meeting today, in which it hosted the Minister of Finance, Taif Sami, the heads of the tax and customs authorities, and the general managers of the Ministry of Finance, to discuss the general budget law and oil and non-oil financial revenues."

He added, "Oil revenues are settled, but as for non-oil revenues, it has been emphasized that government departments should be activated, including electricity in the field of collection, the Baghdad Municipality, and other municipal departments, in addition to the services provided to tax committees, border crossing revenues, customs, and others that would increase non-oil revenues."

He explained that "the activation of non-oil revenues was mentioned in the government program but was not implemented. What is expected in 2025 is that oil revenues will be 120 trillion dinars, while non-oil revenues will be 30 trillion dinars, which includes customs revenues, taxes, electricity collection, and services provided by the government." link

***********

Iraq: Let's Talk Iraqi Stock Market & Your IQD Investment

Edu Matrix:  10-13-2024

Iraq: Let's Talk Iraqi Stock Market & Your IQD Investment—This is one way we may get a return on our investment with or without an RV.

Iraq is putting $3 billion into the Iraqi Stock Exchange, which will be tied to NASDAQ. We hope that we will be able to invest in Iraqi stock using a financial advisor.

https://www.youtube.com/watch?v=MS6b5-EIEvw

Seeds of Wisdom RV and Economic Updates Sunday Morning 10-13-24

Good Morning Dinar Recaps,

US SHARE OF WORLD ECONOMY PROJECTED TO REACH HISTORIC LOW

The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend has persisted through recent administrations, underscoring shifts in global economic power.

US Global Economic Share Drops Below 15% Under Biden
The U.S. share of the global economy has fallen below 15% during Joe Biden’s presidency, according to news outlet Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. By the end of Biden’s term, projections suggest it could reach a historic low of 14.76%.

Back in 1990, the U.S. held a 20.16% share of the global economy based on purchasing power parity (PPP), which peaked at 21.01% in 1999 when its output was $9.6 trillion out of a global $45.85 trillion. Since then, the U.S. portion has seen a gradual decline, with a notable drop from 2006 to 2008, when the share decreased by 0.6% annually.

Although the U.S. saw a brief recovery during Barack Obama’s second term, with the share reaching 16.26% in 2014 and 2015, the momentum was not maintained. By the end of Obama’s presidency, the share had dipped to 16.04%, and it continued to shrink by another 0.7% during Donald Trump’s administration.

By the end of 2023, the U.S. share dropped to 14.82%, down from 15% during Biden’s second year. IMF estimates project a further decline of 0.06% by the end of 2024, bringing the total decrease under Biden to 0.58%, with the share at 14.76%, the news outlet detailed. 

In contrast, China’s share of the global economy has grown to 18.76%, while Japan’s share has decreased by 4.33% since 1990.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

RIPPLE SCORES BEST CROSS-BORDER PAYMENT PLATFORM AWARD AS XRP STRUGGLES

▪️Ripple was awarded the “platinum winner” status for the Best Cross-Border Payments Platform at the Fintech & Payments Awards 2024.

▪️The award could increase the demand for XRP despite the price decline in the recent past.

San Francisco-based blockchain company Ripple has clinched the ‘Best Cross-Border Payments Platform—platinum winner’ in the Fintech & Payments Awards 2024.

This recognition comes from Juniper Research, a reputable industry analysis firm that specializes in fintech and new technologies. Despite the recent volatility in the price of its associated cryptocurrency, XRP, Ripple remains a leader in cross-border payments.

This recent accolade is not the first time that Juniper Research has recognized Ripple. In 2023, the firm was rewarded for its efforts in Central Bank Digital Currency (CBDC).

This recent recognition comes in the wake of other recognitions that have placed Ripple strategically positioned to compete with other companies offering cross-border payment solutions.

Award Potentially Boosts XRP Despite Recent Price Dip
 In response to the announcement on X,  Ripple said that it was honored to be recognized for its work in the fintech and payment industries. It is important to note that Ripple uses blockchain to solve issues typical for cross-border payments, including time and money.

The award can also positively impact Ripple’s native token XRP as the token is a key part of the company’s payment solution. The general adoption of Ripple technology may create a high demand for XRP, which will, in turn, affect its price.

However, there have been some price fluctuations lately. For instance, XRP went below $0.54 due to legal problems with the SEC, but the company’s technological developments might help the token’s value in the future.

Other winners of the Fintech & Payments Awards include SAP Fioneer for banking as a service and Signicat for digital identity services. These companies, together with Ripple, are part of the new generation of companies that are revolutionizing the way of managing payments, identification, and banking services.

Additionally, in the field of fraud prevention, Visa and Fraud.net were identified as leaders for their work to strengthen security in digital payments.

Ripple Expands its Global Presence
In addition to the Juniper Research award, Ripple has been growing in the Latin American market. Ripple has further cemented its position within the Brazilian market through a new partnership with Mercado Bitcoin, the largest cryptocurrency exchange in Latin America. The partnership seeks to improve cross-border payment services in Brazil with the help of its blockchain technology.

It also enhances the speed and reduction of costs in international transactions for companies that use Brazilian Reais. Mercado Bitcoin is the first Brazilian company to join Ripple Payments.

Besides the shift to Brazil, the company was recently approved by the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC).

This is a boost for Ripple as it seeks to expand its business within the UAE. The introduction of Ripple Payments Direct (RPD) is designed to offer faster, safer, and legally compliant cross-border transactions to companies in the UAE.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

ARKHAM INTELLIGENCE PLANS TO LAUNCH A DERIVATIVES EXCHANGE NEXT MONTH: REPORT

Arkham’s new derivatives exchange will attempt to compete with giants such as Binance for retail investors.

However, it will not be available for customers in the United States.

Arkham Intelligence, the firm behind the blockchain data tracking platform Arkham Intel, intends to launch a crypto derivatives exchange in November, Bloomberg reports citing a person familiar with the matter.

The new derivatives exchange will attempt to compete with giants such as Binance for retail investors, but it will not be available for customers in the United States, Bloomberg adds.

Arkham will also relocate its business and new derivatives exchange to the Dominican Republic from London and New York, and the company is in the process of obtaining the necessary free-trade zone license.

In July, Arkham CEO Miguel Morel said the firm would explore ways to monetize the platform sometime in 2024 but would keep core functions free.

Arkham remains one of the most popular crypto data and research platforms, having amassed nearly 84,000 new X followers between Sept. 30 and Oct. 7, according to The Block's Data Dashboard.

@ Newshounds News™

Source:  The Block

~~~~~~~~~

SOUTH AFRICA'S TAX AGENCY ADDS CRYPTO TO COMPLIANCE PROGRAMS

The South African Revenue Service (SARS) has announced plans to include crypto assets in its tax compliance programs. SARS is seeking information on crypto users and is increasing its efforts to identify and audit non-compliant taxpayers. 

The revenue collector urged taxpayers concerned about compliance to participate in the Voluntary Disclosure Program, but those already under audit will be ineligible. SARS has emphasized the consequences of willful tax evasion and stated its commitment to pursuing all non-compliant taxpayers.

SARS Aims to Streamline Crypto Tax Compliance
The South African Revenue Service (SARS) announced plans to include crypto assets in its compliance programs. The revenue collector is seeking information on crypto users from the Financial Sector Conduct Authority (FSCA) and crypto asset service providers.

SARS stated on October 9 that it felt compelled to take this step after noticing that taxpayers were not declaring crypto assets and trades in tax returns. According to the statement, South African law requires SARS to account for all income and assets, including cryptocurrency. 

This understanding is thought to have prompted the revenue collector to initially request voluntary declarations from entities dealing with crypto.

However, in its latest remarks on the issue, SARS stated it is working to simplify compliance for taxpayers and traders. At the same time, the revenue collector emphasized the consequences of willful tax evasion. To achieve this, SARS said it has bolstered its audit teams and resorted to using the latest technologies.

“SARS has resorted to greater use of artificial intelligence, machine learning and algorithms to process our work. In implementing our mandate, SARS has recently issued query letters to taxpayers with crypto assets.

These letters aim to gain insight into taxpayers’ investment in crypto assets and the trades undertaken to enable SARS to assess taxpayers’ compliance in this regard,” said South African revenue collector said.

South Africa Issues Warning to Non-Compliant Crypto Traders
Meanwhile, the revenue collector has encouraged South African taxpayers concerned about compliance to participate in the Voluntary Disclosure Program (VDP). However, SARS warned that taxpayers identified for audit will be ineligible for the VDP.

SARS Commissioner Edward Kieswetter stated that technology has significantly improved the revenue collector’s ability to identify non-compliant taxpayers. He added, “SARS will pursue all without fear, favor, or prejudice.”

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Sunday AM 10-13-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 13 Oct. 2024

Compiled Sun. 13 Oct. 2024 12:01 am EST by Judy Byington

Judy Note: (RUMORS) On October 24 and 25, every cell phone on the planet will be hit with a loud, unmistakable alert signal. The signal will be transmitted directly from Starlink satellites, bypassing traditional media channels that are controlled by the elites.

The Earth Alliance, Starlink, and the military are all in place, ready to execute the final phase of this plan. The old world is crumbling, and a new era of freedom is about to begin. The Earth Alliance has been preparing for this for years, quietly building a network of satellites and secure communication lines that will make this operation possible. Starlink

The EBS alert will be initiated globally but will be activated in phases. Depending on where you are, you may receive the alert slightly earlier or later than others, but make no mistake—it is coming.

The EBS broadcast will last up to 10 days depending on the situation on the ground. During this time, there will be no internet access, no social media, no TV, and no mainstream news.

Stock up on food, water, and essential supplies. Have backup power sources ready. You won’t be able to go to the store or access online services during this time.

The DeepState’s financial institutions will crumble, and the Quantum Financial System (QFS) will officially take over, marking the beginning of the greatest wealth transfer in human history. The elite-controlled banks, stock markets, and fiat currencies will be obliterated, replaced by a fair and transparent financial system that serves the people, not the elites.

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

Global Currency Reset:

On 14 Oct. 2020 the UNITED STATES CORPORATION COMPANY (allegedly) filed a Chapter 11 (involuntary) bankruptcy in the Northern District of Florida Bankruptcy Court Case #20-40375.

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar and will now pay trade in local currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

Sat. 12 Oct. 2024 Wolverine: “From all sources, this is the week we have been waiting for. Things are defiantly moving.”

On Mon. 14 Oct. 2024 at the BRICS Summit they are (allegedly) going to announce the Seven Kingdoms, along with the Global Currency Reset.

Mon. 14 Oct. 2024 the old banking system—Bank of America, Deutsche Bank and JP Morgan— was expected to collapse, with the QFS taking over as stock markets crash.

Wed. 16 Oct. is a designated celebration day for Iraq and the day they will (allegedly) pay their contractors in the new Dinar Rate.

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

Global Financial Crisis:

Sat. 12 Oct. 2024: BRICS: These 40 Countries Want To Ditch the US Dollar! VIDEO – amg-news.com – American Media Group

Sat. 12 Oct. 2024: Operation Sandman is a collaboration of 100+ nations in agreement to simultaneously sell off their US Treasury holdings, sending them back to the US to collapse the US Dollar. https://x.com/danscavino/status/1845139034601030143?s=46

Sat. 12 Oct. 2024: 7 Eleven is closing hundreds of store locations across North America due to underperformance.

Read full post here:  https://dinarchronicles.com/2024/10/13/restored-republic-via-a-gcr-update-as-of-october-13-2024/

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

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

Militia Man   Article Quote:   "There's been a completion of the first steps of the banking reform process."     In my view the next phase should introduce new currency denominations.  If they're going to have 3 zeros removed as Alaq said, you're going to need new denominations.  They never have had a three zeros exchange rate to be supporting the global financial system.  They haven't done that in 21 years so why now?  They never will as far as I'm concerned...they're never going to be the savior of anything at 1310.

Bruce   [via WiserNow]  ...we heard...let's see the 16th, which would be Wednesday, is the day that Iraq is paying all of their contractors and paying any back pay that they need to pay...And it's also the day, Wednesday the 16th, the day of celebration in Iraq for this RV and their new rate on the dinar, etc.  So it looks like our start date would be Wednesday the 16th, but it could be actually, that we would start on Tuesday. I know we're supposed to get notified on Tuesday whether we start exchanges or not. We'll have to see, but the whole thing is lining up beautifully...I'm excited about the timing...

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

X22 Report Streamed on: Oct 12, 10:30 am EDT

Today’s Guest: Bix Weir

Website: Road To Roota   http://roadtoroota.com

Bix begins the conversation talking about the economy. The [CB] are destroying their old system and the good guys are preparing and ready to bring in the new system. The system will be moving back to sound money and the constitution, the control of the creation of currency will taken away from the [CB]. It will be bumpy so buckle up and get prepared.

https://rumble.com/v5if0hh-bix-weir-the-good-guys-are-about-to-change-the-economic-system-buckle-up-it.html?e9s=src_v1_ucp

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

Consumer Debt Crisis - ANOTHER GREAT DEPRESSION? (John Rubino)

Sachs Realty:  10-12-2024

Americans are enslaved to debt! With the cost of living at unsustainable levels and loan delinquencies on the rise, will we see another Great Depression in the United States?

https://www.youtube.com/watch?v=kCV_Yoie5OI

“Tidbits From TNT” Sunday Morning 10-13-2024

TNT:

Tishwash:   Parliament discusses budget law with Finance Minister, Customs and Tax officials

Today, Sunday, the Parliamentary Finance Committee hosted: Minister of Finance Taif Sami, Chairman of the General Authority of Customs Hassan Al-Akeili, Chairman of the General Authority of Taxes Waad Al-Alawi, and Director of the Budget Department at the Ministry of Finance Wasan Saad.

The hosting witnessed a discussion of the Iraqi state’s general budget law, financing projects in the governorates, and enhancing non-oil financial revenues through customs and taxes   link

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

Tishwash:  "Autumn" economic recession in Iraq.. and a government advisor explains the reasons

A government advisor revealed that Iraq is going through a “seasonal economic recession.”

 The financial advisor to the Prime Minister, Mazhar Mohammed Saleh, told {Al-Furat News}: "The fluctuation of the dollar exchange rate in the parallel market has nothing to do with the phenomenon of seasonal recession that the markets are currently witnessing."

He explained that "the recession in demand comes after the high peak of sales that preceded the current school season and the end of most major religious and social occasions, in addition to the entry of the fall season, which is the end of the summer season, that abundant season in agricultural production and marketing." 

Saleh explained, "In all cases, there is a recession in demand or a recession in seasonal economic activity, which is a phenomenon that occurs when economic activity declines during a certain period of the year as a result of seasonal factors."
He continued, "This recession can occur in different sectors such as tourism, agriculture, or retail sales, and is often affected by natural factors such as weather, religious occasions and holidays, or changes in demand patterns from one season to another."

Saleh believed that this recession "will take such a seasonal change, a few weeks until the entry of winter for economic activity to begin interacting in this short-term economic cycle."  link

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

Tishwash: Postponement of the "Iraq Investment Forum" for this reason

The committee in charge of preparing and supervising the (Iraq Investment Forum) announced the postponement of the date of the forum, which was scheduled for November 2-3, to another date that will be determined later, due to the tense and unstable political and security conditions witnessed by the region at the regional and international levels, which negatively affects the holding of all local, Arab, regional and international economic activities and events.  link

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

Tishwash:  Minister of Industry inaugurates Baghdad Industry and Mining Forum

Minister of Industry and Minerals Khaled Battal Al-Najm inaugurated the Baghdad International Forum for Industry and Mining, which is organized by the ministry under the patronage of the Prime Minister over two days under the slogan (Mining is Sustainable Development ... and Safe Investment).

The minister stressed in a speech in which he opened the forum that the Ministry of Industry and Minerals is proceeding with confident steps and a firm determination to achieve the goals of the government program and its drawn vision, the most important axes of which are achieving a real partnership between the public and private sectors and opening the way for local and foreign partners to invest in strategic industries and other industries, noting that this forum will witness the presentation and announcement of (135) investment opportunities and projects for partnership with the ministry's companies in the field of mining and various industrial fields.

He added: "We have started with tangible practical steps to activate the mining sector by conducting geological surveys of the country by specialized international companies and using the latest technologies.

He continued that achieving a real industrial renaissance in the country requires a set of success factors, the most important and first of which are energy, specifically gas and electricity.

He pointed out that the Ministry of Industry cannot achieve its set goals without everyone's cooperation and understanding of the requirements for achieving those goals.

He explained that the Ministry of Industry and Minerals, according to its law and duties, takes into account the private industrial sector by facilitating the work of this sector and overcoming the obstacles facing industrialists in medium, small and even micro-enterprises. He explained

that a day or more has been allocated per month to work in the Iraqi Federation of Industries with the technical staff in the ministry to listen directly to the problems of industrialists and support the private industrial sector in a way that reflects on the economic and developmental reality of the country. He indicated that the current reality requires us to invest in developing our local industry in a way that keeps pace with technological transformations. And the global economy.

He stressed that Iraq has all the ingredients that qualify it to be a major player in the industrial sector, starting with human competencies and labor force and ending with the provision of natural resources.

He pointed out that our strategy and work plan are based on strengthening the industrial infrastructure in cooperation with other sectoral ministries, improving the investment environment and encouraging industries.

He pointed out to working to build strategic partnerships with solid international companies to transfer technology and localize knowledge in a way that enhances our ability to compete in local and regional markets.

The forum was attended by Minister of Labor and Social Affairs Ahmed Al-Asadi, a number of representatives, government officials, ambassadors, and a large gathering of businessmen, investors and representatives of local, Arab and foreign private sector companies.

The forum aims to establish real industrial partnerships between public companies and the private sector, as it will include various axes and activities, including holding dialogue sessions on industrial partnerships, privileges and legislation in creating an attractive environment and opportunities for investment, in addition to presentations of available investment opportunities and projects and introducing them from a technical point of view, as well as other paragraphs and activities. link

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

Mot: . can you tell 

Mot:  . Crafty she is!!! 

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 10-12-24

Good Afternoon Dinar Recaps,

STABLECOIN LIQUIDITY IS INCREASING, WHAT DOES THIS MEAN? (CRYPTOQUANT)

Rising stablecoin liquidity could lead to increasing prices for crypto assets. Here’s why.

Stablecoin dynamics are flashing positive, reaching record highs and boosting liquidity within the crypto market. As historical data shows, this is good news for bitcoin (BTC) and the entire crypto industry because more liquidity often correlates with higher prices.

A recent CryptoQuant report revealed that the total market capitalization of major USD-backed stablecoins now stands at $169 billion, representing a 31% or $40 billion increase since the beginning of the year. This growth caused liquidity in the crypto market, as measured by stablecoin value, to reach a record high in late September.

Stablecoin Liquidity is Increasing
The increasing liquidity can be seen in higher stablecoin balances on centralized exchanges. Tether USD (USDT), which continues to dominate the stablecoin market, has been the major driver of this growth.

The total USDT (ERC20) balances on centralized exchanges hit a record high of 22.7 billion this month, growing by 54% or $8 billion year-to-date.

CryptoQuant also noted that roughly $8.5 billion USDT issued on the Tron network is currently held on centralized exchanges, which is a good sign.

“Larger balances of stablecoins on exchanges are positively correlated with higher Bitcoin and crypto prices,” the market analytics platform stated.

This bull cycle started in January 2023, and since then, the total amount of USDT (ERC20) on centralized exchanges has grown from $9.2 billion to $22.7 billion, a whopping 146% increase.

The dominance of USDT has led the asset to amass a 71% share of the stablecoin market, with its closest rival, USD Coin (USDC), following with 21%. USDT’s market cap is nearing $120 billion, up 30% or $28 billion since the beginning of 2024, while USDC has a cap of $36 billion, representing a 44% or $11 billion growth year-to-date. CryptoQuant said USDT and USDC have accounted for almost all the net stablecoin growth recorded this year.

A Potential Bitcoin Rally
Interestingly, USDT and USDC have continued to increase monthly, although slower than earlier this year. An increased pace in the monthly growth of these assets’ market caps could signal a new rally for BTC and crypto prices, especially since the leading cryptocurrency has been flat.

While USDT and USDC continue to dominate, new players are emerging. Ripple Labs, the developer of the XRP Ledger, recently launched a USD-backed stablecoin, RLUSD. Since late September, RLUSD has already amassed a market cap of $47 million, and analysts say the asset has the potential to grow significantly.

@ Newshounds News™

Source:  CryptoPotato

~~~~~~~~~

RIPPLE: FORMER EXECUTIVE EXPLAINS WHY XRP IS SUPERIOR TO BITCOIN

Despite the dominance of the leading cryptocurrency, one former Ripple executive has recently explained why he believes XRP is superior to Bitcoin. 

Specifically, Matt Hamilton, the former director of Developer Relations at RippleX, discussed the facets that edge out XRP when compared to the much more popular BTC.

The year has been a vital one for cryptocurrencies, and mostly because of the continued rise of Bitcoin. Yet, there are many in the industry who believe that the asset may not fare well when compared to its technological counterparts. The question is, does XRP really have an advantage over the industry’s leader?

Ex-Ripple Executive Highlights Why XRP is Better Than BTC
Throughout 2024, Ripple and Bitcoin have had very different years. Where the latter became the first crypto-based ETF to be approved by the US Securities and Exchange Commission (SEC), the agency has reengaged in its years-long legal battle with Ripple. 

The two tokens appear to be in completely different positions, yet one expert has a strong opinion on which could be perceived as better.

Former Ripple executive Matt Hamilton has recently discussed the ways in which he believes XRP is superior to Bitcoin. Speaking during a recent podcast appearance, Hamilton did not mince words when comparing the two. Specifically, he noted there are reasons why Bitcoin has some key drawbacks, and XRP could eventually reach a mass audience.

Hamilton noted that XRP has a massive scalability advantage to BTC. The leading crypto (BTC) has a low throughput, which works against mass adoption hopes. With a network that can only handle as much as 10 transactions, large-scale, cross-border payments would not be possible under BTC.

Interstingly, Hamilton said that if Bitcoin was the world’s only currency for transactions, a person would only be able to make two transactions throughout their lifetime due to the scalability concern. Although it has addressed the issue, it is far behind the competition.

The XRP Ledger (XRP:) can handle mass transactions. The network throughput increased from 1,500 TPS to 3,400 TPS in the last year. Moreover, that coincides with Hamilton’s second key defense of XRP’s superiority: transaction costs.

He noted that Bitcoin still comes with pretty hefty transaction costs. This reality could price out the normal individuals, Hamilton notes. Therefore, only leaving BTC to high-wealth persons. XRP avoids this issue through a $0.0002 per transaction cost.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

WEF TALKS DEFI REGULATION, HKDA STABLECOIN INTEGRATES CHAINLINK: FINANCE REDEFINED

The World Economic Forum has urged policymakers to adopt sandbox-based frameworks to enhance regulatory clarity for DeFi innovations and address key risks.

This week, the World Economic Forum (WEF) backed a “sandbox-first approach” for DeFi adoption, urging regulators to use regulatory sandboxes to build innovation and manage risks in DeFi.

In other news, IDA Finance announced its integration with Chainlink’s blockchain services for its upcoming HKDA stablecoin, aiming to improve transparency and security in cross-chain operations.

WEF backs “Sandbox-first approach” for DeFi adoption
The World Economic Forum (WEF) has urged regulators and policymakers to conduct DeFi-related innovations and experiments with regulatory sandboxes.

The statement from the WEF aims to focus on risk mitigation and the assurance of transparency to create a tailored approach to DeFi’s regulation.

In its assessment of nine economies worldwide, the WEF identified this need for countries like the United States, the United Kingdom, Japan and the United Arab Emirates.

The WEF said that countries adopting “a nimble, sandbox approach” had shown signs of advancing DeFi innovation by addressing inherent risks in the DeFi ecosystem.

IDA integrates HKDA stablecoin with Chainlink for secure cross-chain use
On Oct. 9, IDA Finance, a Hong Kong-based issuer of digital assets, announced that it would be integrating Chainlink’s blockchain services into its forthcoming HKDA stablecoin.

The collaboration aims to improve transparency and security of cross-chain operations by integrating Chainlink’s oracle services into the Hong Kong dollar-backed stablecoin.

As part of the integration, implementing Chainlink’s Proof-of-Reserves (PoR) technology will enable onchain verification of assets backing IDA Finance’s HKDA stablecoin.

By establishing a medium for the monitoring of HKDA’s collateral, the PoR technology will help mitigate risks of insufficient reserves and function to provide credibility and security for holders.

@ Newshounds News™

Source:   CoinTelegraph  

~~~~~~~~~

🌍NEW INDUSTRY BILLIONAIRES  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts    

~~~~~~~~~

🌍 RIPPLE’S XRP INVOLVED IN ANOTHER LAWSUIT  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

 ~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Saturday PM 10-12-2024

KTFA:

Clare:  Minister of Industry launches 135 investment opportunities

10/12/2024  Baghdad - WAA - Hassan Al-Fawaz,

Minister of Industry and Minerals, Khaled Batal Al-Najm, announced today, Saturday, 135 partnership opportunities with the private sector.

Al-Najm said in a speech during the Baghdad International Forum for Industry and Mining, held by the Ministry of Industry and Minerals in its third session, attended by the correspondent of the Iraqi News Agency (INA): "Industry in Iraq is making confident strides to achieve the goals of the government program and implement the ministry's plan, one of the most important axes of which is achieving a real partnership between the public and private sectors and presenting various investment opportunities."

He pointed out that "the ministry held two previous investment conferences, which resulted in many partnership contracts," noting that "this forum, held under the patronage of Prime Minister Mohammed Shia al-Sudani, announces the launch of 135 partnership opportunities with the private sector."

He explained that "the ministry has begun taking tangible steps to conduct a geological survey of the country using the best technologies and by specialized international companies."   LINK

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

Clare:  The problem of fluctuation in the US dollar exchange rate 

10/12/2024  Samir Al-Nusairi

Once again, the fluctuation in the US dollar exchange rate has returned to the forefront, and this time it is due to speculators and traders of crises and wars, exploiting the war currently being waged by the Zionist entity against our Arab people in Palestine and Lebanon and the confusing security situation resulting from that.

The current level is above 1,500 dinars on the black market, and the continuation of this problem from time to time can be attributed to several reasons, including before 2023 the lack of control over the organization of trade financing and the lack of a clear trade policy, the entanglement of policies and the lack of an annual import program for the private sector in terms of quantities and amounts, but imports are open and without controls on external transfers.

In addition to "the lack of control over illegal imports and unofficial border crossings, as well as the presence of about 1,200 exchange offices spread across all governorates that are not licensed by the Central Bank and deal in cash dollars and about 12,000 outlets for disbursing pensioners' salaries and social care that deal with its trading at the exchange rate on the black market."
 
 And that "most traders who obtain the US dollar at the official price from the Central Bank, but they sell their goods in the local market at the black market price, as well as the lack of global correspondent banks previously dealing with our banks and accounts were not opened for them in the currencies of countries with which we have extensive trade exchange such as China, India, Turkey and the Emirates."

Also, "the failure of traders and some Banks comply with international banking standards that guarantee that the dollar reaches the final beneficiary, so dollar transfers are manipulated and reach countries that are sanctioned by the US or are internationally besieged. Therefore, the efforts of the Central Bank and the government in 2023 focused on drawing up a strategy for financial and banking reform in order to control the stability of the exchange rate.

“Among these strategies are organizing foreign trade financing, building new international understandings with global banks, and opening accounts for our banks in correspondent banks, as more than 30 accounts have been opened with American, Chinese, Emirati, Turkish, and Indian banks. We expect that during the next two months the number of Iraqi banks that have accounts in correspondent banks will increase due to the efforts made by the Central Bank to provide aid and assistance to them and coordinate with the targeted correspondent banks.

“Opening dealings with local currencies such as the Chinese yuan, the European euro, the Emirati dirham, the Turkish lira, and the Indian rupee in foreign transfers with the aim of reducing the demand for the US dollar, in addition to taking measures in cooperation between the Central Bank and the government to expand the comprehensive digital transformation from the cash economy to the digital economy and stimulate the use of electronic payment tools.

This strategy aims to “put pressure on speculators dealing in cash dollars in the black market and limit their activities that harm the national economy, which was discussed in last week’s meeting of the Prime Minister in the presence of the Minister of Finance, the Governor of the Central Bank, advisors, and directors of government banks.”
 
It should be noted here that "the availability of foreign exchange reserves for the Central Bank exceeding 100 billion dollars and a gold reserve exceeding 143 tons confirms that the Iraqi dinar will recover and is strong, as the local currency in circulation is covered by the foreign exchange reserve, in addition to the other executive measures to support and stimulate the local product and control the monetary market and the commercial market, which will control the exchange rate, as I expect, in the near future   LINK

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

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

Frank26  Articles...makes it very clear what they're doing - adding value by lifting the 3 zeros.  It's right there.  It's from the Prime Minister.  It's from Alaq the governor of the CBI word for word.  Anybody that tell you it's a scam, educate them because this is not Bigfoot.  This is not a UFO.  This is not Lock Ness.  This is a reality...happening right before our eyes. 

Mnt Goat  Article:  “THE CENTRAL BANK CONTINUES THE ACTUAL IMPLEMENTATION OF BANKING REFORM PLANS”  ...the CBI has completed the first phase of the banking reform process... First of all, we can confirm by this article that there is a plan and they are working towards it, and that is their road map...

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

Russia Freezes Billions in EU Assets (Western assets in Russia)

Geo Flux:  10-12-2024

The ongoing economic conflict between Russia and the EU has led to significant asset freezes and restrictions on both sides.

While the EU has frozen around €260 billion of Russian Central Bank reserves, Russia has retaliated by imposing limitations on Western investors and businesses operating within its borders.

European banks still operating in Russia, including Raiffeisen and UniCredit, have seen substantial profits but face increasing pressure to exit. Some have encountered asset seizures and court orders against their Russian operations.

Meanwhile, other European businesses struggle with restrictions on capital repatriation and forced asset sales at discounted prices. Russia's countermeasures include potential nationalization of Western-owned properties and additional taxes on asset sales.

The EU has responded by banning certain services to Russia and restricting Russian nationals' involvement in EU crypto-asset services. This economic tug-of-war continues to evolve, impacting businesses and financial institutions on both sides.

https://www.youtube.com/watch?v=oGn5T_Al-Fw

How to Buy Gold for $900 per Ounce

How to Buy Gold for $900 per Ounce 

Notes From the Field By James Hickman / Simon Black  October 11, 2024

Today’s letter is about how to go back in time.

A lot of us remember 2009 as a pretty tough economy. The whole world was in bad shape. Major banks had failed, panic had set in, governments were spending money hand over fist, and debts were rising fast. It was pretty brutal.

But if there’s anything nostalgic about 2009, it would be that, almost exactly 15 years ago, gold traded below $1,000 an ounce for the last time.  Today, the price of gold is hovering at its all-time high, more than $2,600 per ounce.

We’ve talked a lot about why that is. Central banks have been buying up physical gold, literally by the metric ton, primarily because they are looking to diversify a portion of their reserves outside of the US dollar.

And central banks are sitting on a LOT of US dollar reserves— more than $8 trillion.

It makes sense that they want to diversify. There’s so much more conflict in the world, and US global dominance is waning.

Iran is now flat-out threatening the US government and promising to retaliate if America provides military support to Israel. This would have been unthinkable even five years ago.

But today, adversary nations have seized on the US government’s weakness. And foreign central banks— which, again, hold trillions of US dollar reserves— have noticed.

They’ve also noticed America’s outrageous national debt, and its annual budget deficits; in fact the most recent estimate by the Congressional Budget Office of the Fiscal Year 2024 is an incredible $1.8 trillion.

So obviously these central banks see a clear need to diversify. And gold is one of the best and easiest ways for them to do that.

The gold market is big. It can handle tens of billions of dollars of inflows at a time. Plus gold is universally valued around the world with a 5,000 year history of maintaining its value. No central banker is worried about whether or not they’ll be able to liquidate their gold holdings in the future.

But central banks only buy physical gold, i.e. piles and piles of physical gold bars. They do not buy gold mines... or gold miners.

This is why there is a historic anomaly in front of us: the price of gold has soared to an all-time high. But many gold companies are laughably cheap.

This is pretty strange when you think about it; a gold miner’s revenue is denominated in... gold! And many of these companies are starting to see soaring revenues and record profits. Yet their stock prices are still languishing.

For example, one gold producer we profiled in our premium research is trading at a Price to Earnings (P/E) of just 4x. It has almost no debt. And it produces a ton of Free Cash Flow.

The company has even blown away expectations and managed to produce 100,000 ounces of gold. Yet the stock price has barely budged.

What’s amazing is that the entire company is currently valued at less than the market price of that one year's worth of gold that it mined.

But the kicker is how little it cost this company to produce that gold.

Their “All In Sustaining Cost” (AISC)— everything spent to pull that gold out of the ground, from mining to processing— was less than $1,000 per ounce.

And in our view, buying shares in an efficient, profitable, deeply undervalued mining company with such a low cost structure is almost like going back in time to 2009 and buying up gold at less than $1,000 per ounce... especially given that the company still has millions of ounces of proven gold reserves in the ground which it has yet to extract.

I’ve written many times before— we still see significant upside for gold. Especially if Kamala is elected.

Based on the type of spending she envisions, plus her weak “vibes” and “joy” leadership, I don’t expect the dollar to last as the global reserve currency beyond her first term.

Instead, central banks will continue to turn to gold. And when central banks converted just $80 billion— about 1%— of their US reserves into gold, the price increased to over $2,600 an ounce.

What would happen to the gold price if they converted 5%... or 20% of their US dollar reserves into gold?

Even buying physical gold, right now, at all time highs, would probably work out really well.

But buying a company whose revenue is gold, yet costs a fraction of that price, could work out even better.

Gold is just one of the real assets we talk about in Schiff Sovereign Premium.

We’ve been clear that America’s debt problems can only be solved by lower interest rates and more money printing from the Federal Reserve.

That’s why we don’t believe inflation is behind us, and why we believe so whole-heartedly in the value of real assets— critical resources that cannot be conjured out of thin air by governments and central banks.

This gold producer is just one example of these massively undervalued real asset companies we’ve named in 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.

You can click here if you want to learn more about both the Plan B strategies and compelling investment research we present.

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

https://www.schiffsovereign.com/trends/how-to-buy-gold-for-900-per-ounce-151648/

Will BRICS Ditch the Dollar for Gold?

Will BRICS Ditch the Dollar for Gold?

Liberty and Finance: 10-11-2024

In a recent episode of Liberty and Finance, Doomberg offered insightful commentary on the upcoming BRICS meeting and the implications of a potential gold-backed currency. The conversation not only examined the shift in global financial dynamics and diminishing reliance on the US dollar, but also grappling with the broader economic landscape shaped by strong data and shifting fiscal policies.

As the BRICS nations — Brazil, Russia, India, China, and South Africa — prepare for their forthcoming summit, discussions surrounding the potential launch of a gold-backed currency unit have taken center stage.

This proposal presents an intriguing vision: a monetary system where the value of currency is tied to a tangible asset, in this case, gold. Such a move could signify a monumental shift in the global financial order, challenging the longstanding dominance of the US dollar as the world’s reserve currency.

Doomberg astutely highlights the gravity of this potential development. The launch of a gold-backed currency by BRICS could reconfigure global trade dynamics, prompt a re-evaluation of currency values, and ultimately influence the pricing of gold itself.

 As countries begin to pivot away from the US dollar, the investment landscape may experience unprecedented volatility, prompting gold prices to rise as nations reconstitute their reserves.

Despite the prevailing narrative of economic decline, Doomberg remains skeptical about an imminent recession. Citing robust economic indicators and significant fiscal spending, they argue that the current economic environment does not align with the typical precursors of recession.

 This stance offers a refreshing perspective amidst the often alarmist financial commentary dominating headlines. The lack of recessionary signals may embolden nations to engage in ambitious projects—such as the gold-backed currency initiative—without the fear of impending economic downturns.

The discussion takes an intriguing turn as it broaches the topic of the Power of Siberia 2 pipeline, a critical infrastructure project that promises to reshape global energy distribution. By providing a direct route for natural gas from Russia to China, the pipeline establishes a formidable link between two of the world’s largest economies.

Doomberg emphasizes the strategic importance of this pipeline in the context of global energy realignment, particularly as Europe continues to seek alternatives to Russian gas.

Furthermore, as natural gas is increasingly seen as a bridging fuel in the transition to greener energy sources, its strategic significance cannot be understated. The availability and distribution of natural gas will play a pivotal role in global energy stability, further influencing economic dynamics and national policies.

Perhaps one of the most provocative elements of their conversation is the potential for a gold-backed currency from BRICS to elicit strategic responses from Western economies, particularly the G7. The launch of a BRICS currency could ignite a currency war, prompting the G7 nations to reassess their monetary policies, potentially leading to an accelerated shift toward more protective economic strategies. The implications could be far-reaching, resulting in tighter monetary controls, increased investment into gold reserves, and possibly the reinstatement of discussions around a gold standard.

Doomberg posits that the responses from G7 economies will be crucial in framing the narrative around the economic order and might trigger a realignment that hasn’t been seen for decades.

The discussions presented by Doomberg on Liberty and Finance encapsulate the multifaceted nature of today’s global economy. As the BRICS nations prepare for their meeting, the potential rollout of a gold-backed currency comes with both opportunities and challenges.

The shifting dynamics—whether through the lens of gold prices, energy distribution via pipelines, or the reactions from Western economies—could redefine economic relations as we know them.

https://youtu.be/tSOjAH177Ag

https://dinarchronicles.com/2024/10/11/liberty-and-finance-will-brics-ditch-the-dollar-for-gold/

“Tidbits From TNT” Saturday 10-12-2024

TNT:

Tishwash:  Economist: 2025 budget amendments pending, approval date before end of year

Former Director of the Financial Supervision Bureau, Salah Nouri, confirmed today, Saturday, that developments in the global economic situation and military operations will greatly affect the Ministry of Finance’s re-adjustment of the 2025 budget schedules.

 He added in his statement to {Al Furat News} that "the budget schedules are still with the executive authority (the government), and it is expected to be sent to the House of Representatives during the remainder of this October."

Nouri explained that "the House of Representatives must approve the budget before the end of December 2024, in accordance with Financial Management Law No. (6) of 2019."  link

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

Tishwash:  Iranian Foreign Minister to visit Baghdad tomorrow, Sunday

Iranian Foreign Minister Abbas Araghchi is scheduled to visit the Iraqi capital, Baghdad, tomorrow, Sunday.

Iranian diplomatic sources told Shafaq News Agency that Araghchi will head to Iraq tomorrow in continuation of his regional consultations.

According to the sources, the Iranian Foreign Minister will arrive in Baghdad tomorrow afternoon and during his visit, which will last a few hours, he will meet with: his Iraqi counterpart Fuad Hussein, President Abdul Latif Jamal Rashid, and Prime Minister Mohammed Shia al-Sudani.

Meanwhile, an Iraqi source told Shafaq News Agency that Araghchi's visit to Baghdad comes to discuss developments in the security situation in the region and to emphasize not expanding the circle of war. link

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

Tishwash:  Iraq and the region's oil exports on the table of Masrour Barzani and an American delegation

On Friday, Masrour Barzani, Prime Minister of the Kurdistan Regional Government, discussed with an American delegation headed by Congressman Seth Moulton the developments in Iraq and the Middle East.

A statement received by Shafaq News Agency stated that, "During the meeting, which was attended by the US Consul General to the Kurdistan Region, Tiff Bittner, we exchanged views on the latest developments in Iraq and the region, and discussed ways to strengthen relations between the Kurdistan Region and the United States."

Congressman Moulton pointed out that the Kurdistan Region is a reliable friend and ally of the United States in the region, and stressed the importance of supporting the Peshmerga and protecting the security of the Kurdistan Region.

Barzani expressed the regional government's gratitude to America for its support and assistance to the region, and stressed his keenness to strengthen the prospects of cooperation between the two sides in various fields.

He pointed out that the meeting focused on the progress made in the field of reforms related to the joints of the Ministry of Peshmerga, as we agreed on the importance of supporting, strengthening and accelerating the reform process in the ministry, in a way that ensures the unification of its forces.

The two sides discussed the necessity of exporting the Kurdistan Region's oil, and we discussed preparations for holding legislative elections in the region, as well as the US presidential elections, the tense situation, wars and escalation in the Middle East, and the efforts made to achieve security and stability in the region in general.  link

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

Tishwash:  Reasons for the rise in the dollar price in parallel markets.. a reaction extending for 30 years

Diyala Chamber of Commerce identified, today, Friday (October 11, 2024), the reasons for the rise of the dollar in the parallel market in the past days.

The head of the Diyala Chamber of Commerce, Mohammed Al-Tamimi, said in an interview with Baghdad Today, "There is no disagreement that the region is going through a very difficult and sensitive turning point with the drums of a comprehensive war beating that could happen at any moment in light of the escalation of statements between the various parties without any glimmer of hope on the horizon that things will move towards calm and fair containment at least."

He added, "Iraq is part of the Middle East region and the current tensions are directly putting pressure on the parallel market and leading to an increase in its prices compared to the dinar, especially with the existence of speculation and fear that has prompted many to be cautious in converting their dollars into Iraqi dinars in anticipation of any exceptional circumstances."

Al-Tamimi pointed out that "any future strike will inevitably raise the parallel market, but in return there are measures by the Central Bank to control the situation," stressing that "the situation is likely to undergo many developments, especially since the damage to the Iraqi markets is real."

He explained that "the rise in the prices of basic materials, even by small percentages, does not reflect the direct impact of the rise in the dollar, but rather the growing purchasing power of broad segments that have an accumulated reaction and fear of wars extending to 30 years, which pushes them to store some materials in anticipation of any emergency."

The exchange rate of the dollar against the Iraqi dinar witnessed a noticeable increase during the past few days, as the selling price exceeded 153 thousand for every 100 dollars.  link

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

Mot: should I throw it away 

Mot:  ... siigggghhhhhh !!!!! 

News, Rumors and Opinions Saturday AM 10-12-2024

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 Sat. 12 Oct. 2024

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

Global Currency Reset:  (Opinions/Rumors)

Judy Note: Redemption Centers will (allegedly) give you a higher exchange rate than at a bank. You make your appointment according to instructions sent by email from Wells Fargo. Such instructions will be published on various Dinar websites and on this Update.

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar and will now pay trade in local currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

Wed. 9 Oct. 2024 TNT: “The Dinar International Rate on bank screens is $3.91. It won’t drop below $3.57. The banks have a hold on it. They have designated a time for it to happen.”

Thurs. 10 Oct. 2024 Wolverine: “The process has defiantly started. There are around 40 million emails that will be sent out by Wells Fargo so you can set your appointments. It is expected to happen within the next few days and defiantly within this month.”

Thurs. 10 Oct. 2024 Banker: “Several Sources are indicating this is our month, some even indicating a specific date but asking that I not reveal but I can assure the date ends in y God Bless.”

Bruce: On Fri. 11 Oct. 2024: Bond Holders are to be notified through email from Wells Fargo as to when they can gain access to their accounts – which will likely be on Tues. 15 Oct.

Fri. 11 Oct. 2024 Walkingstick: An Iraqi bank manager: “I have just been given my latest orders. I am being told to stay close to home. I will not be able to go to Thanksgiving or Christmas with my friends. My orders tell me that I am to stay here in Dearborn. The CBI bank is going to make us very busy during these holidays. We are having a lot of Iraqi citizens coming into our banks here. They are talking to us about the same thing you are asking us.” https://dinarevaluation.blogspot.com/2024/10/rv-update-by-walkingstick-11-oct.html

On Mon. 14 Oct. 2024 at the BRICS Summit they are going to announce the Seven Kingdoms, along with the Global Currency Reset.

Mon. 14 Oct. 2024 the old banking system—Bank of America, Deutsche Bank and JP Morgan— was expected to collapse, with the QFS taking over as stock markets crash.

Bruce: On Tues. 15 Oct. Tier 4b (us, the Internet Group) will receive emails from Wells Fargo telling us how to make redemption appointments, which we should be able to begin on Wed. 16 Oct. Exchange appointments will be held for 40 to 50 days, going well beyond the end of October.

Wed. 16 Oct. is a designated celebration day for Iraq and the day they will (allegedly) pay their contractors in the new Dinar Rate.

~~~~~~~~~~

Global Financial Crisis:

Fri. 11 Oct. 2024: Russian Finance Minister Anton Siluanov will present the results of the Russia’s BRICS Chairmanship on the financial track at the final Meeting of BRICS Ministers of Finance and Central Bank Governors. He will also report on improving the international monetary and financial system. www.eladelantado.com/us/goodbye-credit-cards/#google_vignette  www.msn.com/en-ca/money/markets/brics-is-considering-a-new-currency-here-s-what-you-need-to-know/ar-AA1rMrp9

Fri. 11 Oct. 2024: TD Bank pleads guilty to money laundering. TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by d**g cartels. https://twitter.com/Maerox/status/1844456941785055617

Fri. 11 Oct. 2024: With the recent collapse of 15 banks in just three years, concerns about the stability of the US banking system are becoming increasingly pronounced. The data coming to light is alarming. In a recent report, finance expert Dr. Rebel Cole from Florida Atlantic University unveiled that US banks are currently grappling with over $500 billion in unrealized losses on investment securities as of the end of Q2 2024. While there was a slight decrease from $516 billion in Q1 to $513 billion in Q2, the overall picture is still concerning for an economy that has long prided itself on resilience and stability. https://dinarrecaps.com/our-blog/t3r0puoups56dvh4hcydhlzf9jzxox

Fri. 11 Oct. 2024: JPMorgan is expected to reveal a nearly 8% drop in earnings per share while Wells Fargo will likely report a nearly 14% drop in earnings per share, reports Reuters, citing data compiled by the London Stock Exchange Group (LSEG).                                                                                                                                          https://dailyhodl.com/2024/10/09/us-banks-under-pressure-as-jpmorgan-chase-bank-of-america-wells-fargo-goldman-sachs-and-citi-battle-shrinking-margins-report/

Fri. 11 Oct. 2024: Boeing says it’s cutting more than 17,000 jobs, or 10% of its workforce

Read full post here:  https://dinarchronicles.com/2024/10/12/restored-republic-via-a-gcr-update-as-of-october-12-2024/

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

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

Militia Man  We had numerous articles about the WTO.  We already knew they had completed their requirements.  Now they're hammering it home again they're gearing to go international.  What are we waiting for?  I think what we're waiting for is the exposure of the 2024 tripartite budget.  Why?  Because it's go components in it for...investment to pay for the development projects.

Frank26   Community comment:   "I believe it will RV before the time they gave."  The revaluation actually started  in 2012... Revaluation is to revalue the currency...This is not to revalue the currency, they're going to reinstate it.  It was $3.22 when it was brought down... Because of inflation do you think $3.22 would be fair over 20 years later?  No I don't think so.  Therefore the exchange rate is not going to 1000 is it?  It's saying at 1320/1310.  When they lift the three zeros that's be a little over a dollar for the citizens.  Now that's fair.

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

The Dollar is on its Last Legs

VRIC Media:  10-11-2024

Today, we delve into a topic that resonates with many in our uncertain financial landscape—the impending collapse of the U.S. dollar. Ted is joined by economist and author, Shanmuganathan Nagasundaram, as they unpack the mechanisms driving this potential crisis and explore what it means for our economy and investments.

In the latest discussion, Shan provides an alarming insight into the state of the U.S. economy, urging listeners to consider the stark realities of hyperinflation and the unsustainable nature of current asset bubbles in stocks, bonds, and housing. With inflation rates creeping upwards and the cost of living soaring, many Americans are feeling the pinch—but the situation could soon worsen.

Shan draws parallels between the current economic climate and historical crises, such as the 2008 financial meltdown and Weimar Germany’s hyperinflation, illustrating how unchecked monetary policies and excessive government spending could lead the U.S. down a similar path. The economist predicts that we may soon see double-digit inflation, which would further erode purchasing power and create significant challenges for investors and consumers alike.

One of the key points raised in the discussion is the idea that if the U.S. dollar collapses, the repercussions will be felt globally. Countries that rely heavily on the dollar in trade and finance could face severe economic disruptions, leading to a domino effect that could plunge economies into chaos. This potential crisis poses significant risks to not only individual investors but also to entire nations.

https://youtu.be/vzPQqAVqCcs