Seeds of Wisdom RV and Economic Updates Sunday Morning 10-20-24

Good Morning Dinar Recaps,

BRICS SUMMIT TO SEE ALLIANCE TAKE MAJOR STEP TO END US DOLLAR

With the landmark event just days away, the BRICS 2024 Summit is set to see the economic bloc take a major step toward ending US dollar dominance. 

Indeed, the collective will gather in Kazan, Russia for the event that could be one of its most important. Chief among the matters to be discussed by the bloc is its ongoing de-dollarization efforts.

At the recent Business Forum that took place in Moscow, the bloc officially debuted the long-awaited BRICS Pay system. The alliance debuted a demo card for participants to utilize throughout the weekend. Those efforts will likely continue at the summit, with the bloc poised to make monumental announcement

BRICS to Take Major De-Dollarization Step at 2024 Summit
The BRICS Summit has become one of the most important days for the alliance. In 2023, it saw the bloc welcome its first expansion effort since 2023.

Specifically, the United Arab Emirates (UAE), Egypt, Ethiopia, and Iran joined the collective. This year, the bloc is expected to welcome similar landmark announcements.

Among them are key efforts to lessen economic reliance on the West. Indeed, the BRICS Summit 2024 will see the bloc take a major step toward ending US dollar dominance.

According to a new Reuters report, Russia is going to engage participating countries in taking part in building an international payment platform. Specifically, the platform would be “immune” to Western sanctions.

Imposed sanctions after Russia’s invasion of Ukraine have been a constant issue for the alliance.

Their presence has become a catalyst for the bloc’s continued efforts to promote local currencies. At the upcoming summit, those efforts are set to be magnified as they attempt to increase economic prominence on a global scale.

The proposal will be rooted in the connection of commercial banks. It would utilize blockchain, similar to the developing BRICS Pay platform. Altogether, it will likely be the continued expansion of the payment platform that has been in development for much of the last year.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

CHARLES HOSKINSON PREDICTS CARDANO WILL SURPASS BITCOIN AND ETHEREUM

▪️Hoskinson believes Cardano will surpass Bitcoin and Ethereum in the future.

▪️The network's growth relies on technological innovation and decentralized governance.

▪️Community focus is prioritized over marketing efforts for sustainable development.

Charles Hoskinson, the founder of Cardano  expressed his belief that the Cardano network will eventually grow larger than Bitcoin and Ethereum, providing a timeline for when this might occur. He indicated that the Voltaire era would give Cardano a competitive edge over other layer-1 networks.

Future of Cardano
Hoskinson stated that Cardano would become a larger network than Ethereum in ten years and surpass Bitcoin in twenty years. He also noted that most governments will be working on their own infrastructures in the coming decade.

Cardano being larger than Bitcoin and Ethereum would mean that ADA‘s market value would exceed that of BTC and ETH. Currently, ADA holds the eleventh position in market value, while BTC and ETH occupy the first and second positions, respectively.

Advantages of Decentralized Governance
Hoskinson firmly believes in Cardano’s superior technology compared to other networks, predicting that this advantage will become more evident over time. He emphasized the network’s competitive edge through decentralized governance and promising plans.

He highlighted the importance of decentralized governance, stating they prefer building a genuine community over merely focusing on marketing.

Despite aiming to establish an independent structure free from central intermediaries and global firms, progress toward these goals has been extremely slow, causing community dissatisfaction.

Hoskinson’s comments on the Voltaire era highlighted how Cardano distinguishes itself from other layer-1 networks, criticizing others’ reliance on venture capital funding as contrary to the purpose of blockchain technology.

His statements have sparked various opinions regarding Cardano’s potential for future growth, with experts closely monitoring how its technology and community-focused approach may influence market dynamics. The goal of Cardano surpassing Bitcoin and Ethereum is built on its technological innovations and decentralized governance strategy, with its success dependent on market conditions and network adoption.

@ Newshounds News™

Source: CoinTurk 

~~~~~~~~~

🌱 WHEN WILL THE RV GCR HAPPEN? HOW WILL I KNOW AND BE FUNDED?  |  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

“Tidbits From TNT” Sunday Morning 10-20-2024

TNT:

US Ambassador Alina Romanowski said a “vibrant” private sector and reforms in the banking sector could attract investment to Iraq.

 Romanowski's statement, which she posted on her account on the "X" platform, came on the sidelines of a discussion she described as "fruitful" that took place with the ambassadors of the Iraqi Economic Contact Group, the Trade Bank of Iraq, and the Prime Minister's Office , announcing her support for Iraq's efforts towards sustainable and comprehensive economic development.

Romanowski concluded her post with the hashtag #ComprehensiveUS-IraqiPartnership  link

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

Tishwash:  Ernst & Young presents plan to reform Rafidain Bank to Iraqi Prime Minister

The auditing and financial consulting firm “Ernst & Young” submitted a package of recommendations to Prime Minister Mohammed Shia Al-Sudani, which included the new legal status of Rafidain Bank, its capital, and its work strategy to proceed with the restructuring process in a way that qualifies it to meet the global requirements for modern banking.

This came during a meeting chaired by Al-Sudani to follow up on efforts to develop the work of the government banking sector, in the presence of representatives of the international auditing company and the Governor of the Central Bank, Ali Al-Alaq, in which he stressed that the restructuring of Rafidain Bank is the first step in the government’s banking reforms, which have given special attention to following up on all reports related to it and submitted by the relevant authorities.

Al-Sudani pointed out that the restructuring will work to provide Rafidain Bank with specifications and standards through which problems can be overcome and confidence can be given to citizens, in addition to enhancing cooperation with local and foreign investors .  link

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

Tishwash:  Increase in the market value of companies listed on the Iraq Stock Exchange 

The market value of listed companies increased in market Iraq For securities to exceed the 20 trillion dinar barrier for the first time Iraqi Supported by the banking sector, which represents 50% of the total market value of listed companies, and the communications sector, which represents 39% of the total market value, according to the head of the “Iraq Al-Mustaqbal” Foundation for Economic Studies and Consultations, Manar.Al-Obaidi.

He saysAl-Obaidi In a post I followed Sumerian News, the market value of banking sector companies rose from 6.88 trillion dinars Iraqi In 2021 to reach 10 trillion dinars Iraqi In 2024, the market value of telecommunications companies also increased from 7.3 trillion in 2021 to 7.82 trillion dinars.

The market value of the industrial sector declined compared to 2021, and the market value of the agricultural sector also declined over the four years, according to Al-Obaidi It shows  that the hotel and tourism sector witnessed a significant increase with a growth rate of 61% compared to 2021, so that the market value of the sector rose from 390 billion dinars in 2021 to more than 620 billion dinars in 2024.

It is expected to witness market Iraq Securities will see a significant increase in the coming months and years, especially with the improvement in the revenues of listed companies and the development of their businesses, which makes it a market capable of attracting domestic and foreign investments. It is expected that the market value of the market will reach the 50 trillion dinar barrier in the coming years .Iraqi Supported by the rise in share prices of successful companies as well as the listing of many companies, whether in the public or private sector, on the market, according to Al-Obaidi.   link

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

Tishwash:  Minister of Finance participates in the activities of the Arab-Turkish Economic Forum in Istanbul

Minister of Finance Taif Sami participated today, Saturday, in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul.

The ministry said in a statement received by the Iraqi News Agency (INA): "Minister of Finance Taif Sami participated in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul, in the presence of an elite group of government officials, businessmen and investors from Arab countries and Turkey, and Arab finance ministers."

The statement added, "This year's forum focused on enhancing economic and investment cooperation between Arab countries and Turkey, highlighting investment opportunities in areas such as energy, infrastructure, manufacturing and technology."

The statement continued, "The Minister of Finance delivered a speech during the session, in which she stressed the importance of the economic partnership between Arab countries and Turkey in supporting economic growth and enhancing financial stability in the region."

Sami said in her speech on the occasion - according to the statement: "This forum represents a real opportunity to exchange experiences and build long-term strategic partnerships between Arab countries and Turkey, especially in light of the current global economic challenges. She also called for enhancing joint investments and increasing the volume of trade exchange between the two sides."

She pointed out the importance of "completing the construction of the global trade corridor and taking advantage of Turkey's strategic location and the Arab region as a bridge linking major global markets in Asia, Europe and Africa, and facilitating trade movement efficiently to expand investment and energy corridors. "

She added that "Iraq is currently working - in cooperation with the World Bank - to establish and rehabilitate railways; for the purpose of establishing the development road project, and its strategic importance in linking Asia with Europe, in addition to its economic and development returns for the two countries and regional countries."

The statement concluded, "The Minister of Finance held a series of bilateral meetings with a number of Turkish officials and their counterparts from Arab countries; to discuss ways to enhance financial and investment cooperation and discuss issues of common interest."  link

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

Mot: . da Thought fer da Daze!!!! 

Mot:  Sooooo -- Enjoy!!!!! 

Saudi Gold Accumulation: Preparing for Currency Revaluations and Dollar Decline

Saudi Gold Accumulation: Preparing for Currency Revaluations and Dollar Decline

Awake-In-3D October 18, 2024

Recent and secretive Saudi gold accumulation aligns with a growing global trend, fueling expectations of an imminent currency reset.

The global financial landscape can feel like a never-ending puzzle, but one thing is becoming increasingly clear – the secretive Saudi gold accumulation hints at something big on the horizon.

As the kingdom stockpiles gold and shifts away from traditional dollar-based systems, we are left wondering: Are we on the verge of a Global Currency Reset?

We should certainly keep tabs on how Saudi Arabia’s gold strategy aligns with emerging financial trends, what it could mean for currency revaluations, and how these developments might reshape the world’s financial order.

A New Chapter in Global Monetary Policy

Historically, Saudi Arabia has played a critical role in upholding the global dollar-based financial framework. Its long-standing adherence to pricing oil exclusively in U.S. dollars since the 1970s secured the petrodollar system, reinforcing the dollar’s dominance.

However, Saudi gold accumulation reveals alignment with a broader de-dollarization movement and indicates preparations for a potential global financial reset.

Saudi Arabia’s gold strategy, similar to that of China and other Asian nations, reflects a departure from traditional market practices. Rather than adjusting gold imports based on market fluctuations, the Saudis continue acquiring reserves despite rising prices.

This accumulation suggests deliberate preparations for future currency revaluations or even the collapse of the current dollar-dominated financial system.

Gold’s Role in Currency Revaluations

The steady progress of Saudi gold accumulation positions the kingdom to benefit from currency revaluations (RV).

With fiat currencies under increasing scrutiny, gold offers a neutral, sanction-resistant asset. If Saudi Arabia or other nations realign their currencies with gold, exchange rate systems could shift dramatically. This would not only bolster the national currency but could also pave the way for asset-backed monetary frameworks, reshaping international trade.

Saudi Arabia’s focus on accumulating gold feeds speculation about new monetary structures. Tying the riyal more closely to gold would ripple across oil-exporting nations reconsidering their reliance on the U.S. dollar.

This aligns with the larger Global Currency Reset (GCR), where currencies could be revalued or backed by physical assets, weakening the influence of fiat systems.

The Geopolitical Context Behind Saudi Gold Accumulation

Saudi gold accumulation aligns with a growing trend among nations adjusting their reserve strategies due to geopolitical risks. After the West froze Russia’s foreign reserves in early 2022, many countries, wary of similar actions, turned to gold. China, Thailand, and now Saudi Arabia are expanding their physical reserves to safeguard against economic manipulation.

Discrepancies between reported gold purchases and actual trade flows further highlight Saudi Arabia’s hidden acquisitions. Data from the World Gold Council (WGC) and the International Monetary Fund (IMF) indicate rising central bank gold buying—often without public disclosure. SAMA seems to be quietly funneling gold into reserves while avoiding direct confrontation with the U.S., ensuring a strategic safety net for upcoming currency realignments.

What the Global Currency Reset Could Mean for Saudi Arabia

Saudi gold accumulation suggests the kingdom is preparing for a future in which currencies are backed by tangible assets. This move aligns with discussions surrounding a potential Global Currency Reset (GCR). In this scenario, national currencies with substantial gold reserves could be revalued, challenging the dominance of the U.S. dollar.

Saudi Arabia’s gold reserves not only secure economic stability but also place the kingdom in a powerful position to influence the evolving financial order. A currency revaluation could involve pegging the riyal to gold or transitioning to an oil-backed currency, compelling other nations to adopt similar measures. As more countries diversify into asset-backed currencies, the realization of a GCR becomes increasingly likely.

Oil, Gold, and the Decline of the Dollar

Saudi Arabia’s influence in both the oil and gold markets represents a significant challenge to the dollar’s status as the global reserve currency. As more countries adopt gold-backed reserves and consider alternatives to the petrodollar, the global financial system faces mounting pressure. Saudi gold accumulation mirrors similar strategies among Asian nations, such as China, in what appears to be a coordinated effort to diminish the dollar’s dominance.

By strategically increasing its gold reserves, Saudi Arabia is signaling a pivot toward a financial framework where precious metals play a foundational role. Whether through currency revaluations or a full-scale Global Currency Reset, these developments are set to reshape the global financial system, giving gold-rich nations a leading role in the emerging order.

The Bottom Line

Saudi Arabia’s covert gold purchases underscore the kingdom’s preparations for a financial future centered around tangible assets, diminishing the U.S. dollar’s influence. As nations continue shifting their reserves from fiat to gold, a Global Currency Reset (GCR) may soon realign global exchange rates and trigger currency revaluations (RV).

Through persistent Saudi gold accumulation, the kingdom positions itself as both a catalyst and beneficiary of this transformation. Whether it introduces a gold-backed riyal or plays a strategic role in shaping a multi-polar currency framework, the kingdom is clearly preparing for life beyond the dollar.

With 160 tonnes of gold already added to its reserves—and likely more on the way—the nation stands ready for whatever financial reset lies ahead.

=======================================

© GCR Real-Time News

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

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

Follow me on Twitter: @Real_AwakeIn3D

More News, Rumors and Opinions Saturday PM 10-19-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 19 Oct. 2024

Compiled Sat. 19 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 18 Oct. 2024 TNT: “Everything is a go. It’s going to be a super fantastic weekend. Some say by Sun. the 20th. Some say by Sat. the 19th.  Some say tonight, Fri. night. They fully plan it this weekend.”

Thurs. 17 Oct. 2024 Bruce: Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct. They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct. BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.

~~~~~~~~~~

Fri. 18 Oct. 2024 Wolverine:

We received intel saying things started. The green light was given in Zurich as sovereign whales are advancing rapidly and some receiving payment.

Last night I got intel that someone got paid from a close contact of mine. Things are actually moving forward in that side of the world.

Also hearing things in Reno as well.

We are expecting things to happen and blast off on Monday for our big D day in Reno. Bruce’s intel was in line with what we are hearing. 

They are putting the codes in to be started. Some sort mechanism that needs to be put in to release this.

The operative on the transfer of rights on historical items global recovery group, acting as representative of seller at the sovereign buyer level, statement on the status of asset recovery Friday Oct 18, 2024: We are pleased to inform you that we have achieved crucial milestone in our process. All sovereigns have given the green light for the official start, which implies the launch of the QFS as the payment vehicle system. This progress is a testament to our continued dedication and effort.

The authorization of all sovereign marks the beginning of a new era in the management and release of payments QFS implementation: The QFS has been officially established as our payment system. This innovative system guarantees security, transparency and efficiency in all transactions.

The new strong dollar on Nov 6: The USA will introduce the new strong dollar  which symbolizes the strength and stability of our economy.That came through a couple of hours ago.

The USN has started digitally. They are already doing trading using USN, but the ones in the states will be the physical note. The commercial digital dollar is now being used as Swift system is gone.

Reno is moving the money to Zurich paymasters so they will be ready to start Monday.

There are reports that German bond holders are getting funds. Not known if funds are fiat or new USD. Holders are told to get their paperwork ready.

One of the main intel providers who comes from the Latino community/Spanish speaking community, has basically signed off, and he said this will be his last audio. He knows we are in the final stages right now, so he has given us his “good bye” He is a great intel provider, the same way Bruce is. Take care guys we are nearly there. Wolverine

~~~~~~~~~~

Fri. 18 Oct. 2024 Saudi Arabia is making bold moves that could reshape the global financial system—and they’re doing it quietly. Through secret purchases in Switzerland, the Saudi central bank has accumulated 160 tons of gold. This shift suggests more than just a hedge against uncertainty. It looks like the kingdom is gearing up for a Global Currency Reset (GCR) and possible currency revaluations (RV)

Fri. 18 Oct. 2024 BRICS nations—led by China—are buying gold at unprecedented levels, paving the way for a massive currency revaluation that could change how money works across the globe.

Read full post here:  https://dinarchronicles.com/2024/10/19/restored-republic-via-a-gcr-update-as-of-october-19-2024/

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

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

Militia Man  The evidence is abundant.  Iraq is finalizing her reforms.  With what?  The support of American partnerships especially with large economic reforms and financial aspects in Iraq...These things are going to be linking the East to the West and they told you, via what?  Iraq's Development Road Program.  They're going to need the freedom of capital movement.  That's going to be the Real Effective Exchange Rate.

Frank26   Remember when...Alaq went to the United States Treasury and then he came back and then Sudani went to the Untied States Treasury in New York...Do you know where the United States Treasury is right now? ...In Baghdad at the CBI...During this meeting, IMF probably, WTO, well of course, they're there...What did they discuss? The financial inclusion plans in Iraq and about the digital transformation.  This is all part of the monetary reform...

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

BRICS New Payment System “BRICS Pay” Successfully Tested & Launched! | What's Next?

We Love Africa:  10-19-2024

In what is a massive moment for the economic alliance, BRICS Pay has officially been unveiled.

At the BRICS Business Forum taking place in Moscow, participants received brand new cards for the long-awaited payment system.

The cards are the first official debut of the landmark project. Russian State Media originally reported the demo cards contain 500 rubles that can be used for payment throughout three locations at the World Trade.

Moreover, participants will be able to spend the funds throughout the Thursday and Friday events.

 Throughout the last two years, the BRICS bloc has sought increased financial autonomy. Specifically, they have sought increased de-dollarization in an effort to lessen international reliance on Western currencies.

With the bloc’s annual summit just a week away, it has made a massive step toward that goal already. The bloc’s BRICS Pay system has officially been unveiled at the collective’s Business Forum in Moscow.

Those who participate in the event have received a demo version of the payment system card. They have been giving funds to spend through the blockchain-based system.

The card can be registered through a QR code, according to firsthand reports. Additionally, the funds already placed on the card are reportedly valid for the purchase of beverages or souvenirs at the event.

The arrival is like a preview of what could come at next week’s summit. The BRICS 2024 Summit is poised to see the full launch of the payment system. There, the world should get better insight into how it will work and, more importantly, who will participate.

 It provides a clear opportunity for the global south. Specifically, it allows increased local currency trade and challenges US dollar dominance.

https://www.youtube.com/watch?v=pb9E73-72L0

Rising BRICS Gold Reserves Could Trigger Worldwide Currency Revaluation (RV)

Rising BRICS Gold Reserves Could Trigger Worldwide Currency Revaluation (RV)

Awake-In-3D  October 18, 2024

BRICS countries are positioning themselves to redefine currency values across the globe by building massive gold reserves.

BRICS Gold Purchases Signal Global Financial Realignment

Over the past two years, BRICS nations—particularly China—have increased their gold holdings, collectively purchasing thousands of tons. China alone holds over 2,800 tons, with other member states following closely. Analysts increasingly suggest these BRICS gold purchases go beyond hedging against inflation, indicating a strategy to reshape the global financial order.

By reducing US Treasury bond holdings and dollar reserves, the BRICS bloc is building a multilateral financial framework to diminish the dollar’s influence. This strategy is not just about economic security; it lays the foundation for a more substantial financial transformation.

The Multilateral Shift: BRICS Gold and the Decline of Dollar Influence

The development of the BRICS mBridge payment system plays a central role in this shift. Designed to promote trade using local currencies and gold, it provides a practical alternative to SWIFT, the US-dominated financial messaging system.

With BRICS nations moving toward gold-backed trade, they reduce exposure to currency volatility and economic sanctions. This transition aligns with the concept of a Global Currency Reset (GCR), which envisions a financial system built on asset-backed standards, reducing reliance on fiat currencies.

The New UNIT Stablecoin and Currency Revaluation Outlook

The BRICS bloc is also developing the UNIT stablecoin, a digital currency backed by 40% gold and 60% BRICS currencies, all convertible to gold. The UNIT could serve as a catalyst for currency revaluation (RV), offering a new valuation standard tied to tangible assets.

Currency revaluation involves adjusting exchange rates to reflect a currency’s true value in the global economy. The transparency and stability offered by the UNIT may prompt other nations to realign their currencies with gold-backed models, reducing volatility and restoring financial trust.

How the Global Currency Reset (GCR) Could Unfold

The introduction of the UNIT and the BRICS mBridge platform signals a shift toward a new global financial system. Several key developments may shape the unfolding of the GCR:

1. Gold-Backed Valuation Model
   Currencies linked to gold-backed systems will see their exchange rates recalibrated to reflect real asset values, driving revaluations worldwide.

2. Diversification from the Dollar
   As more nations adopt gold-backed currencies, the decline in dollar reserves will lower the dollar’s value, encouraging others to redefine their exchange rates independently.

3. Regional Currencies Anchored to Gold
   Countries outside the BRICS framework may restructure their currencies around gold-backed standards, creating a new global exchange rate system based on tangible assets.

4. Impact on Developing Nations
   Emerging economies could benefit from joining the BRICS payment system, aligning their currencies with gold-backed models. This shift may trigger revaluations, reducing dependency on the dollar and increasing financial autonomy.

Challenges and Future Implications

The transition to a new financial system presents challenges. Resistance from countries heavily invested in the dollar-based system is expected, and the rollout of the UNIT and the BRICS mBridge must be carefully managed to avoid disruptions.

Geopolitical risks are also likely, as the US and its allies may respond with sanctions or other economic measures to defend the dollar’s dominance. However, with the BRICS bloc accounting for over 37% of global GDP, efforts to halt this shift may not be sufficient to stop the momentum toward de-dollarization.

The Bottom Line: A Period of Economic Realignment

The accumulation of BRICS gold reserves and the development of a gold-backed financial system mark the beginning of a global economic shift. As the group advances the UNIT stablecoin and the BRICS Bridge payment platform, the financial system is poised for a Global Currency Reset (GCR).

This reset will likely result in currency revaluations (RV) worldwide, as nations adopt gold-backed standards for greater financial stability and independence from the dollar. Though challenges remain, the BRICS gold-backed strategy represents the rise of a multipolar financial order that will redefine global trade, finance, and currency valuation.

=======================================

© GCR Real-Time News

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

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

Follow me on Twitter: @Real_AwakeIn3D

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 10-19-24

Good Afternoon Dinar Recaps,

GLOBAL DEBT WILL SHATTER $100,000,000,000,000 THIS YEAR AS GOVERNMENTS PREPARE TO INCREASE SPENDING, WARNS IMF

The International Monetary Fund (IMF) is sounding the alarm on skyrocketing levels of debt held by governments around the world.

In its newest Fiscal Monitor Report, the IMF says global debt is expected to surpass $100 trillion by the end of the year.

That’s up from $97 trillion a year ago, with the United States accounting for about half of the $3 trillion increase.

The IMF says government debt is expected to reach about 93% of global gross domestic product by the end of this year and will approach 100% of GDP by 2030.

The report argues countries should confront their debt risks now, while interest rate reversals give lawmakers space to implement fiscal tightening measures.

“With inflation moderating and central banks lowering policy rates, economies are better positioned now to absorb the economic effects of fiscal tightening.

Delaying would be both costly and risky, as the required correction grows as time goes by; and experience shows that high debt and lack of credible fiscal plans can trigger adverse market reaction, constraining room to maneuver in the face of turbulence.”

The report also highlights the difficulty in truly identifying all government obligations, warning debt forecasts are often overly optimistic.

The IMF says its “debt-at-risk” model suggests that in a severely adverse scenario, global public debt could surge to 115% of GDP within three years due to the potential for weaker growth amid tight financial conditions and other factors like unforeseen policy changes.

Despite the risks, the IMF says government spending is actually set to increase.

“Previous IMF research has shown that fiscal discourse across the political spectrum has increasingly tilted toward higher spending.

And countries will need to increasingly spend more to cope with aging and healthcare; with the green transition and climate adaptation; and with defense and energy security, due to growing geopolitical tensions.”

Earlier this year, the UN also called for “urgent reforms” to the international financial system to address the concerns over surging public debt, which it referred to as a “growing burden to global prosperity.”

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

KENYA IMPLEMENTS REAL-TIME CRYPTO TRACKING FOR BETTER TAX COMPLIANCE

▪️The KRA’s new system will integrate with crypto platforms to track real-time transactions, aiming to curb tax evasion and fraud.

▪️Kenya plans to use AI and machine learning to enhance tax compliance and recover lost revenue from the growing crypto market.

Tracking crypto transactions in real-time is something the Kenya Revenue Authority (KRA) is doing in big measure. This action is meant to solve the rising tax losses in the nation resulting from ineffective monitoring of the developing crypto market.

Given Kenya’s crypto sector’s projected Ksh 2.4 trillion in transactions between 2021 and 2022—about 20% of the country’s GDP—a more strong tax collection mechanism becomes absolutely vital.

Real-Time Tracking for Crypto Transactions to Enhance Tax Compliance
To gather important transaction data, including the time, date, and value of every operation, the new tax system will interface with crypto markets and exchanges.

Preventing tax avoidance and making sure all income connected to cryptocurrency is taxed in line with Kenya’s Income Tax Act are the main goals of the KRA.

Though organizations like the Capital Markets Authority or the Central Bank of Kenya mostly control them, profits from cryptocurrency transactions are legally taxable.

This legislative change coincides with the growing popularity of cryptocurrency in Kenya, despite not being as common as other financial innovations like mobile money.

Mostly because digital currencies have cheaper fees and simplicity of cross-border money transfers than conventional banking systems, many people utilize them to save money, send remittances, and make overseas purchases.

But because of their distributed character, cryptocurrency have also drawn appeal to people engaged in illicit operations such as money laundering and fraud.

Apart from real-time tracking, the KRA intends to improve tax compliance using artificial intelligence (AI) and machine learning technologies. These technologies will enable the authority to identify fraudulent behavior and maximize resource allocation, thereby perhaps recovering billions of tax-lost income.

The KRA has a larger reform agenda, including this technical makeover to modernize its systems and raise general tax collecting efficiency.

Simultaneously, comparable initiatives are under progress abroad. For instance, as we previously highlighted, Italy has suggested taxing crypto’s capital gains between 26% and 42%.

This action might fundamentally change the scene of European crypto investment since it will force investors to look for better tax conditions outside than Italy.

Aiming to support the expansion of its digital currency industry, Japan’s Financial Services Agency (FSA) is also contemplating a uniform 20% tax on crypto transactions, according to CNF.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

🌱 SILVER VS GOLD AND WHAT ABOUT COPPER? | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

🌱AUDIO WHAT WAS SAID ABOUT NESARA? BANKING TO WHO ARE YOU? GREAT REPLAY IF YOU MISSED THE CALL |  Youtube

YOU MISSED THE CONSTITUTION CALL LAST NIGHT?  You can still hear it here!  Click the Youtube link above!

@ 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

Economist’s “News and Views” Saturday 10-19-2024

Europe Is Plunging and the U.S. Economy Is Next - This Time China Won't Help

Sean Foo:  10-19-2024

The ECB just did another emergency rate cut, front-running the Federal Reserve again. This isn't a sign of confidence, it shows the EU is desperate to save their economy.

However, this isn't solving the structural and geopolitical issues. Manufacturing costs are far too high and even China's stimulus won't save them. Here's what you must know.

Timestamps & Chapters:

 0:00 EU Big Emergency Rate Cut

3:02 Europe's Economy Structural Collapse

5:53 China Stimulus Won't Save The West

8:47 Beijing's Money Only For Local Industries

 11:47 Europe's Only Winning Move

https://www.youtube.com/watch?v=KZmJ1N2fcdU

BRICS Summit 2024: Digital Currencies Blockchain Platform, Focus on Infrastructure, BRICS Bank Role

Lena Petrova:  10-19-2024

https://www.youtube.com/watch?v=rYcf2UBad1c

15 Signs Everyday Americans Are About To Break Financially

Epic Economist:  10-18-2024

In 2024, tens of millions of Americans are going completely broke, and millions more are just barely scraping by, new data shows.

You've probably noticed that the value of our money isn't the same anymore. In fact, the dollar has lost 95% of its purchasing power since the 70s.

But recently, that decline has become even more pronounced. Today, households don't have enough money coming in, but bills are piling up.

That's why debt levels are rising astronomically while people's savings accounts are running dry, which is putting thousands of U.S. banks at increased risk of failure.

When the U.S. consumer isn’t in a healthy financial shape, bad things tend to happen. And now, conditions are eerily similar to what we experienced during the run up to the Great Recession.

 With higher living expenses and tighter access to credit, families and individuals in the U.S. are being hit from all sides.

The following facts we compiled for you in this video are going to be an eye-opener about the current state of the U.S. economy and the challenges we are all facing. Without further ado, Here are 15 Signs That Everyday Americans Are About To Break Financially.

https://www.youtube.com/watch?v=20IXWM4AUDk

Seeds of Wisdom RV and Economic Updates Saturday Morning 10-19-24

Good Morning Dinar Recaps,

CARDANO SET FOR PERFORMANCE BOOST: HOSKINSON BACKS PROPOSAL FOR COMPOSABILITY AND MULTI-TOKEN FEES

▪️Cardano aims to evolve with a developer proposal to address user “Intent.”

▪️Chang Hardfork and other upgrades complement Cardano’s evolution.

Charles Hoskinson, founder of the Cardano blockchain, has pledged support for a recent proposal to elevate the network’s performance. The proposal specifically focuses on introducing a tool to allow users to pay transaction fees with various tokens besides ADA.

Developer Puts Forth Key Cardano Proposal
Earlier this week, core developer Andrew Westberg proposed tackling prolonged issues on the blockchain. This proposal could alter Cardano’s approach to managing transactions and smart contracts. Westberg’s proposal revolves around the concept of intent related to Cardano’s eUTxO (Extended Unspent Transaction Output) model.

The developer explained on GitHub that many blockchain users often submit transactions without fully specifying all the details. He cited an example using market orders, where users do not specify the exact price they are willing to pay for an asset. This leaves the price open for another system to determine.

These incomplete or partial actions, often called “intents,” present challenges, especially in Cardano, which is known for its strict rules and deterministic nature. Unlike Ethereum, where smart contracts can change a transaction’s outcome during confirmation, Cardano’s protocol requires all transaction details to be disclosed upfront.

This approach ensures the predictability and security of the blockchain platform. Westberg, however, noted that it restricts flexibility, particularly in circumstances where non-determinism, the capacity to change transaction details in real-time, is desired.

Westberg proposed developing a system that allows users to express their “intent” to bridge this gap. He also proposed having the network match and fulfill these intents efficiently, whether on-chain or off-chain. This would make the process more flexible and user-friendly while maintaining the security that Cardano is known for.

In an X post, Westberg urged the protocol developers to prioritize the proposal as it gives the community composability and BabelFees.

“It allows the eUTxO model to shine and pack the hell out of transactions with tons of useful work,” Westberg added.

It is important to note that the Babel Fees feature enables users to pay transaction fees using various tokens, not just ADA. In response to Westberg’s post, Hoskinson commented, “Andrew is correct. It’s a long overdue enhancement that will massively improve Cardano.”  

His endorsement emphasizes the importance of the proposed enhancements for the protocol’s future development.

The Focus on Ecosystem Upgrades
Meanwhile, Westberg’s proposal follows several ecosystem developments implemented by  Cardano. For instance, Cardano unveiled new releases to the Hydra scaling solution in April.

CNF reported that the new version supports cardano-node v.8.9.0 and integrates the Conway block format. Hydra, Cardano’s layer 2 scaling solution, aims to increase transaction speed by offering high throughput, low latency, and the lowest costs.

Subsequently, the blockchain unveiled the Ouroboros Leios consensus mechanism and the Chang hard fork upgrade. The Ouroboros Leios upgrade, which was recently launched, helped Cardano enhance transaction efficiency and scalability, as noted by CNF. On the other hand, the Chang hard fork upgrade introduced Cardano to decentralization governance.

Overall, these advancements, including Westberg’s proposal, are anticipated to strengthen Cardano’s position as a leading blockchain platform.

@ Newshounds News™

Source:  Crypto News Flash 

~~~~~~~~~

CRYPTO EVENTS TURN TO REGULATION AND POLITICS AS US ELECTION LOOMS

Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.

With less than a month until the people of the United States decide who will represent them in the House of Representatives, Senate, and the Presidency, some crypto events seem to be focused on regulation and politics.

Attending the Permissionless III conference in Salt Lake City, Utah, and Ripple Swell in Miami, Florida, in October, Cointelegraph noted that many panels included takes from high-level executives on their predictions for what would happen in the November race between Democrat Kamala Harris and Republican Donald Trump for the US presidency, and what the outcome could mean for the industry in 2025.

Whether the topics of discussion initially focused on regulation or included stablecoins or Bitcoin participants suggested that digital assets had become more of a mainstream issue in US politics in 2024 in a way never before seen.

“Every single panel is talking about regulations,” Ripple’s head of US public policy, Lauren Belive, told Cointelegraph at Swell on Oct. 16, adding:

“We’ve seen a much broader swath now of policymakers really interested in the nuances of this technology.”

The crypto industry has made several inroads in 2024 compared to the US midterms in 2022 or the 2020 elections. During Trump’s presidency from 2017 to 2021, he referred to Bitcoin as based on “thin air,” also calling the cryptocurrency a “scam” after leaving office. Both major party candidates have since made statements suggesting they intend to support the industry if elected.

“I do think there’s a frustration and a sense that this is technology, and technology shouldn’t be a political issue — it’s become one in the United States,” Fireblocks head of legal and compliance, Jason Allegrante, told Cointelegraph. “I think that’s why people are now being much more vocal about what the potential impact of this election is.”

Crypto wins regardless of the outcome?

While regulation has always been a concern for many in the industry, the number of lawmakers and policymakers willing to discuss digital assets — including at crypto-focused events — seems to be increasing.

Trump gave a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee. Several presidential candidates and lawmakers also spoke at the North American Blockchain Summit in 2023, which will resume after the US Election on Nov. 5.

“We’re going to be starting [in 2025] with the most educated Congress we’ve ever had because we have so many first-time candidates who are coming in with positions on crypto,” Blockchain Association CEO Kristin Smith said at a Permissionless panel on Oct. 9.

Coinbase chief policy officer Faryar Shirzad added at a different panel on Oct. 11:

“Regardless of what happens in the elections, we will have a very significantly advanced debate around the crypto issues and a very large cohort of members of the House and the Senate […] who will now come in with brand new pro-crypto voices.”

Prediction platform Polymarket, at the time of publication, put Trump at a 60% chance of winning the US Presidency over Vice President Harris.

The Kalshi marketplace, which began allowing bets on US elections after winning in court against the Commodity Futures Trading Commission, put Republicans’ odds of winning control of the House, Senate, and the Presidency at 42% at the time of publication.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

🌱AUDIO WHAT WAS SAID ABOUT NESARA? BANKING TO WHO ARE YOU? GREAT REPLAY IF YOU MISSED THE CALL |  Youtube

YOU MISSED THE CONSTITUTION CALL LAST NIGHT?  You can still hear it here!  Click the Youtube link above!

@ 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

News, Rumors and Opinions Saturday AM 10-19-2024

From Recaps Archives

Daz:   ITS EASY TO BELIEVE IN JUST THE FACTS 

I SUSPECT MUCH OF THE STUFF WE HAVE HEARD FROM ALL OVER THE NET OVER THE YEARS CONTAINS AN ELEMENT OF TRUTH..SOME MORE THAN OTHERS OF COURSE.

I DETERMINED LONG AGO THAT THERE HAVE BEEN VERY FEW DELAYS IN THE PROCESS. BUT THERE HAVE BEEN A LOT OF COURSE CORRECTIONS AND FALSE STARTS...AND THE RV WAS EVEN USED AT TIMES AS A TOOL TO PRY OPEN A FAULT OR WEAK SPOT THAT NEEDED REPAIR OR ARREST.

WITH ALL PROCESSES YOU MUST SET GOALS AND THOSE GOALS ARE MARKERS TO MEASURE PROGRESS TOWARDS A FINAL SUCCESSFUL RESOLUTION. SOMETIMES THOSE GOALS ARE HIT...AND SOMETIMES THEY ARE MISSED...BUT EITHER WAY YOU ADAPT, ADJUST AND TRY TO NAVIGATE A NEW OR MORE SUCCESSFUL PATH TO THE END OF IT...ULTIMATELY, IT IS JUST A PROCESS.

I ALWAYS GO BACK TO A SINGLE PIECE OF INFORMATION THAT IN PART, SHOWS CLEARLY A FEW SIMPLE FACTS. AND FOR ME, ITS THE FOUNDATION OF MY CONFIDENCE AND TRUST.

WITH THAT SAID, LETS LOOK AT WHAT WE "KNOW".
__________________________________

 IRAQ HAS ALWAYS BEEN A WEALTHY, RICH CULTURE WITH A STRONG HERITAGE AND SIGNIFICANT HISTORY.

IRAQ ALWAYS HAD AMPLE RESOURCES AND A STRONG ECONOMY... IN ITS OWN RIGHT.

THEIR MONEY ALWAYS HAD VALUE, HISTORICALLY AND CONSISTENTLY.

DUE TO PRESSURES TO ENACT A LIBERATION OF IRAQ AND EFFECT A REGIME CHANGE...A COALITION OF NATIONS "TURNED OFF THE MONEY (DINAR)" AS PART OF A WAR EFFORT AND STRATEGIC ASSAULT TO DEBASE THE FINANCES OF REVOLT, RESISTANCE AND INSURGENCY AGAINST THAT CHANGE IN 2004.

THERE WAS, AND STILL IS, A PLAN TO GIVE REBIRTH AND REVITALIZE THAT ECONOMY, INFLUENCE THAT CULTURE AND, EVENTUALLY EMBRACE IRAQ, ITS PEOPLE AND THEIR WEALTH AND TRADE INTO THE GLOBAL ECONOMIC FOLD.

AND, WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES INVOLVED HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET...  THEY WILL JUST AS SIMPLY.... "TURN THE MONEY BACK ON".

IT WILL ALL COME TOGETHER WITH A PUBLIC RELEASE AND PERMISSION FOR ALL OF US TO EXCHANGE IN ANY MANNER WE WANT, ALMOST ANYWHERE WE WANT...AND IT WILL BE A SAFE, ORGANIZED, ULTIMATELY FAIR AND REASONABLY SIMPLE BUSINESS TRANSACTION.

HANG IN THERE BUT...KEEP LIVIN'.

WE'RE READY WHEN THEY'RE READY.

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

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

Bruce   [via WiserNow]   ...the Iraqi dinar... we're hearing now it's either going to be on the forex with a new rate, either Friday night...or Sunday night. My bet is Sunday after the Forex comes back up after having been turned off or closed for 48 hours, which is typical every weekend, from five o'clock Friday to five o'clock Sunday, it's down. It's down so that they can reconcile accounts on forex...The word was get ready for the weekend. 

Pimpy  What is Iraq's Hydrocarbon Law?  ...Iraq Hydrocarbon Law also known as Iraq's oil Law is aimed to create a legal framework for the management of oil production and revenue sharing amounts various stakeholders in Iraq...Stakeholders are the Iraqi government, the companies that are involved, the different provinces, the different governments... Remember you got some very corrupt politicians, if they had it their way, they'd keep it all for themselves but the money is going to be distributed based on the per capita of each province.  That makes it a lot more fair...Each territory is going to decide what they want to do with their version of the funds.

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

BRICS Pay Card Is Here (+Demo!): BRICS Successfully Launches New Payment Card Ahead of 2024 Summit

Len Petrova:  10-18-2024

https://www.youtube.com/watch?v=9AleNK3u9Og

NEW 2024 Fake | How to Spot The NEW Fake Zimbabwe 100 Trillion Dollars Banknote

Banknote World: 

Fraudsters will attack any banknote or product where they think they can make money and get away with their crime.

With the high collector value of the Zimbabwe 100 Trillion banknotes, counterfeiters have tried to produce and pass NEW 2024 Fake Zimbabwe 100 Trillion banknotes.

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

“Tidbits From TNT” Saturday Morning 10-19-2024

TNT:

Tishwash:  Iraq signs gas supply agreement with Turkmenistan

Minister of Electricity, Eng. Ziyad Ali Fadhil, signed an agreement with Turkmen Minister of State for Gas Affairs, Maqsad Babayev, to supply Turkmen gas to power plants in Iraq.

The Minister of Electricity said, according to a statement by his media office: "With the full support of Prime Minister Mohammed Shia al-Sudani, we signed today an important agreement with Turkmenistan to supply 20 million cubic meters of gas per day, which will contribute to the operation of all our gas stations to ensure the national network."

He added: "Turkmen gas will be transported to Iraq via the Iranian pipeline network, according to the swap mechanism in cooperation with the Swiss company (Loxstone Energy)."

He pointed out: "The signing of the agreement was the culmination of intensive technical efforts that extended for more than a year, including multiple meetings and mutual visits, and the signing of a memorandum of understanding last year."  link

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

Tishwash:  A new law to reform the Iraqi economy.. Will it achieve aspirations? 

The economic system in Iraq faces increasing challenges that require firm legislative measures to reform the current situation and achieve a qualitative shift in the national economy. In this context, a new law is being prepared within the Council of Representatives, which is expected to be voted on in the coming period.

The law, which was referred to the parliamentary economic committee months ago, covers all economic aspects of the country, and several workshops have been organized in cooperation with businessmen, industrial experts and economists to ensure a comprehensive discussion of its provisions and to identify the points that should be focused on in the final amendment of the law.

The committee’s deputy chairman, Yasser Al-Husseini, said: “The law reached the House of Representatives in general and the Economic Committee in particular months ago, and it includes all laws that include the economic aspect.”

He added, “The committee held many workshops at all levels, whether for businessmen or industrial and economic experts,” stressing that “the committee is proceeding with reading this law and working to vote on it during the next phase in cooperation with other specialized committees.”
The figures indicate that the economic sector in Iraq suffers from many challenges, most notably technological obsolescence and dilapidated infrastructure, which makes it urgent to have legislation that encourages various investments and clearly defines the partnership between the public and private sectors.

An important step

 In turn, the expert in economic affairs, Abdul Salam Hassan, said, “This law is an important step on the path to economic reform, but it will not achieve the desired results without including specific provisions that focus on developing the productive sectors, most notably the industrial and agricultural sectors, and reducing dependence on oil revenues as a primary source of national income.”

Hassan added in a statement to “Iraq Observer” that “it is also necessary for the law to include measures that ensure stability in the market and facilitate the investment environment by simplifying the legal and bureaucratic procedures facing investors, in addition to providing real guarantees to protect the rights of investors, whether they are local or foreign.”

Experts also stress the need for the new laws to take into account the establishment of strict control mechanisms to combat financial and administrative corruption, and to ensure a fair distribution of resources between the various sectors and regions of Iraq.

These laws must also include stimulating the private sector to be a strong partner in the development process, by providing tax facilities and granting easy investments, in order to create an encouraging economic environment.  link

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

Tishwash:  After a cautious calm... a sudden state of alert was imposed in "Ain al-Assad" in Anbar

Ain al-Assad Air Base, where US forces are stationed, entered a state of sudden alert today, Friday (October 18, 2024), with intensive helicopter flights in the skies of the base. 

An informed source told Baghdad Today, "This afternoon, Ain al-Assad Air Base in Anbar Governorate witnessed the sudden imposition of strict security measures, with intensive flying of helicopters in the skies of the base," stressing that "these measures included the western, northern and southern parts of the base, where the security towers were observed on alert."

He added, "The reasons for this sudden mobilization are not precisely known, but the announcement of Sinwar's martyrdom may be one of the possible reasons for this mobilization, but the matter remains not precisely confirmed," ruling out that "it is within a training framework."

The source explained that "such measures are usually taken based on directives from senior leadership, whether in Washington or the main headquarters in the Arabian Gulf," noting that "sudden alerts come when something is expected to happen."

On the 10th of this month, an informed source reported that the Ain al-Assad base suddenly abandoned the state of maximum alert without prior warning, indicating that the situation is very normal and that the motives behind these changes are not known, but they may be a plan or based on an order from Washington to remove the danger. link

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

Mot:  Why is it called beauty sleep when you wake up looking like a troll

Mot:  me too ""Earl"" - Me too!! – siigghhhhh   

Seeds of Wisdom RV and Economic Updates Friday Afternoon 10-18-24

Good Afternoon Dinar Recaps,

XRP LEDGER DDOS ATTACK: MAGNETIC X DEFIES HACKERS, BOOSTS SECURITY

▪️Magnetic X successfully fended off a DDoS attack.

▪️The exchange faced a similar attack in January.

▪️Magnetic X remains committed to providing decentralized trading services on the XRP Ledger.

Magnetic X, a rapidly growing decentralized exchange on the XRP Ledger, recently stopped a major distributed denial of service (DDoS) attack. The attack aimed to overwhelm the platform with traffic and disrupt its services, but the development team acted swiftly to protect the exchange.

The attackers demanded a ransom of several thousand Tether (USDT), but the Magnetic X team refused to comply. Instead of negotiating, they chose to boost the platform’s security to prevent further issues.

Let’s dive into the details of this epic showdown!

Magnetic X Refuses to Pay
The team quickly increased server capacity to handle the surge in traffic, ensuring the platform could manage millions of requests without any loss of user data.

Thanks to this rapid response, services were restored quickly. The exchange reassured users that it is now fully secure and recommended clearing browser cookies to fix any remaining issues.

This wasn’t the first time Magnetic X faced a DDoS attack. In January, a similar incident on the XRP Ledger saw millions of records flooding the nodes, which affected the functioning of the ledger’s historical transaction records.

Standing Strong Despite the Challenges
Despite these setbacks, Magnetic X has remained strong, continuing to provide decentralized trading, automated market maker (AMM) pools, and yield farming. The quick response to the latest attack demonstrates the exchange’s dedication to security and reliable service.

With its upgraded infrastructure, Magnetic X aims to stay at the forefront of decentralized applications (dApps) on the XRP Ledger, setting high standards for security and stability in the decentralized finance space.  Security, stability, and service. That’s Magnetic X.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

SINGAPORE'S BIGGEST BANK DBS INTRODUCES 'TOKEN SERVICES' TO ENABLE BLOCKCHAIN-BASED BANKING

▪️DBS Bank said that its new suite of products will help institutional clients optimize liquidity management and streamline operational workflows.

▪️“DBS Token Services” integrates tokenization and smart contract-enabled capabilities with the bank’s existing banking services.

DBS Bank, the largest bank in Singapore by assets, has rolled out a suite of new services dubbed “DBS Token Services” as the bank continues to develop blockchain-based options for institutional clients. In a statement shared with The Block, DBS said that the new banking products integrated tokenization and smart contract-enabled capabilities with its existing banking services.

The DBS Token Services integrated the bank’s Ethereum Virtual Machine-compatible permissioned blockchain, its core payment engine and multiple industry payment infrastructures, according to the statement. Also, smart contracts enable programmability for institutions to govern the use of funds.

Specifically, the new services include Treasury Tokens, Conditional Payments, and Programmable Rewards.

Lim Soon Chong, group head of global transaction services at DBS Bank, said that DBS Token Services enables companies and public sector entities to “optimize liquidity management, streamline operational workflows, strengthen business resilience, and unlock new opportunities for end-customer or end-user engagement.”

DBS introduced Treasury Tokens in August in partnership with Ant International, allowing multinational corporations to settle multi-currency intra-group transactions around the clock.

DBS also intends to explore further applications of Conditional Payments, designed to improve payment workflows. Another feature, called Programmable Rewards, allows institutions to curate digital voucher programs.

“Using a permissioned blockchain provides DBS full control over these services, enabling the bank to harness the benefits of blockchain technology while adhering to compliance standards,” the bank said.

@ Newshounds News™

Source:  The Block

~~~~~~~~~

🌍CONSTITUTION FRIDAY NIGHTS CALL  |  Youtube

Jim is part of the team that has researched the history of our Constitution over the last decade plus years and is a working member of the  Washington Assembly in Washington, a state of the Union of States that we know as America. 

He will answer any questions you have about how we lost our rights and why our government does not follow the Constitution as our founders laid out for us in our original Constitution of 1776.

If you have not heard of your Strawman accounts, how you lost your rights with your Birth Certificate, and how you are really a British citizen, then you need to join us on these calls and start asking questions.  He will even let you know how you can correct these atrocities. You can start by listening to previous calls on our youtube channel below under the video topic labeled The Constitution.

We have been lied to our whole lives by our government.  So come join us tonight and learn the truth about our real history.

Join us tonight at   5 PM PT  -   7 PM CT  -   8 PM ET   in the Constitution Room on Telegram

You can download the Telegram APP here:  https://telegram.org/

@ 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 Friday Afternoon 10-18-2024

BRICS Summit in Russia Tues. 22 Oct to Thurs. 24 Oct. 2024

The BRICS summit is a chance for several nations to discuss the continued evolution of the alliance’s dealings and initiatives. This means that it will welcome both members of the collective and countries with aspirations to join.

This year, the bloc is set to introduce partner nations. This could have expansion looking very different than it did last year.  Although the bloc will likely add new members, it won’t be in the same way it did in 2023.

Many of those nations are set to attend, according to reports. Specifically, there are more than 32 countries taking part in the gathering and discussions. Among them will be a lot of nations that have expressed interest in joining.

This means that Turkey, the first NATO member to seek BRICS membership, has confirmed its key leaders will attend the gathering. Moreover, Nigeria, Malaysia, Thailand, Venezuela, and Cuba will send delegates to the event. Many of these leaders have confirmed they will be in Kazan next week.

The BRICS 2024 Summit should have a full house throughout the two days. Moreover, its nine members have confirmed they will be there. This means that Russia, Brazil, India, China, South Africa, the United Arab Emirates (UAE), Egypt, Iran, and Ethiopia should be present.

https://dinarchronicles.com/2024/10/18/restored-republic-via-a-gcr-update-as-of-october-18-2024/

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

KTFA

Clare:  Planning: The percentage of completion of operations related to the population census exceeded 90 percent

10/18/2024  Baghdad

The Ministry of Planning confirmed, on Thursday, that the percentage of completion of the population census work exceeded 90 percent, and that it was completed in most governorates, while it announced a decrease in the need for schools and stability in the annual inflation indicators.

The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the percentage of completion of operations related to the population census has achieved great progress," explaining that "work began in the field since the first of September for a period of two months, but rapid progress may lead to the completion of operations before the specified date."

He pointed out that "the work will be completed before the end of this month, with the exception of the three governorates of the Kurdistan Region (Erbil, Sulaymaniyah, Dohuk), in which work was delayed for technical reasons," noting that "the completion rate has reached more than 90 percent."

Regarding the country’s need for schools, Al-Hindawi said, “Previous estimates indicated a need for about 6,000 schools, but the implementation of many projects within the framework of the Chinese agreement and other activities significantly reduced the need,” indicating that “the ministry is awaiting the results of the general population census to provide an accurate figure on the number of current schools.”  LINK

8*********

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

Mnt Goat  Does the CBI have a time table to their plan of reforms and are they following it?  ...they are now targeting early 2025 for the reinstatement. Everything they are doing from now to the end of year is geared towards this target is on a timetable.

10-18-2024   Intel Guru Frank26   Article:   "Iraq Increases Reserves at IMF by 50%"  MANY CENTRAL BANKS AROUND THE WORLD INCREASE THEIR RESERVES WITH THE IQD... BECAUSE IT'S NO SECRET.

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

BRICS Gobbling Up Gold as '500 Black Swans' Circle the West: Bob Moriarty

Commodity Culture:  10-18-2024

Bob Moriarty believes the Western hegemony is in crisis mode as incompetent and corrupt political leaders plunge their countries into a debt-based abyss and push for unwinnable wars that will end in disaster.

Bob points out that Russia and China have been gobbling up gold more than any other nation and in the new monetary system ahead, the BRICS nations will send the US dollar packing and establish a long-lasting reign as the next global superpower.

00:00 Introduction

00:42 Can the BRICS Unit Challenge the USD?

11:02 Final Days of the Western Empire

13:53 We Are in the Fourth Turning

17:13 Gold Mining Stock VS Gold

19:08 Gold Stocks to Watch

21:09 How to Evaluate Gold Stocks

23:30 Outlook on Silver Market

25:42 Will the US Election Take Place?

30:23 Why Won't the West Negotiate With Russia?

35:54 Being Geographically Diversified

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

Reset Coming: New One-World System to Revalue Gold to $150k, Is BRICS the Trigger? Andy Schectman

Reset Coming: New One-World System to Revalue Gold to $150k, Is BRICS the Trigger? Andy Schectman

Kitco News:  10-17-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who says the world is bracing for a reset, with a new system potentially revaluing gold to $150,000 an ounce.

Schectman breaks down what to expect from the upcoming 16th annual BRICS summit being held in Kazan, Russia, on October 22-24. He explains reports around the new common currency known as the ‘Unit’ and elaborates how Project mBridge fits in.

Schectman talks about the future of the U.S. dollar, the accelerating de-dollarization trend, U.S. response, and the inevitability of central bank digital currencies (CBDCs). He also shares his view on gold in this new one-world system that he forecasts.

00:00 Coming Up

02:08 Introduction: BRICS Summit

 04:21 De-dollarization and Gold Accumulation

07:42 Central Bank Gold Repatriation

11:04 Project mBridge and the ‘Unit’

13:46 BRICS Expansion

23:21 Common Currency

41:33 CBDC, Future of Currencies

 53:49 US Response

58:25 Fiscal Irresponsibility

59:12 Decline of the Dollar’s Purchasing Power

 01:02:58 Global Economic Shifts and BRICS

01:10:05 Role of Gold in a New Economic System

 01:13:26 Speculations on Gold Revaluation

 01:18:47 Future of the Dollar

https://www.youtube.com/watch?v=-K6tTaqPXXk