Seeds of Wisdom RV and Economic Updates Monday Morning 10-21-24

Good Morning Dinar Recaps,

STABLECOINS CAN BENEFIT FINANCIAL SYSTEM, FED GOVERNOR SAYS

The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.

On Oct. 18, Federal Reserve Bank Governor Christopher Waller told an audience at the Institute of Advanced Studies that well-regulated stablecoins could benefit the current financial system.

“Stablecoins can reduce the need for payment intermediaries and thereby reduce costs of payments globally,” Waller stated, but immediately qualified his remarks by saying that stablecoin “safety is not assured.” The Fed official explained:

“If appropriate guardrails can be erected to minimize run risk and mitigate other risks, such as their potential use in illicit finance, then stablecoins may have benefits in payments and by serving as a safe asset on a variety of new trading platforms.”

Waller also argued that decentralized finance can achieve a symbiotic relationship with traditional finance instead of supplanting it altogether. This viewpoint has been previously pitched by some US lawmakers, who argue that decentralized finance and dollar-denominated stablecoins can extend dollar dominance by decades.

Stablecoins as a way to extend US dollar hegemony
On June 14, an article was published in The Wall Street Journal, written by former United States Speaker of the House Paul Ryan, making a case for how stablecoins could mitigate the looming debt crisis.  

Ryan pointed out that stablecoins create demand for US Treasurys and US dollars, which will keep the dollar competitive against the Chinese yuan and preserve its current status as the global reserve currency.

More recently, in October, US Senator Bill Hagerty introduced the Clarity for Payment Stablecoins Act building upon Representative Patrick McHenry’s 2023 stablecoin bill.

The most notable changes to the bill were provisions to regulate stablecoins at the state level and removing a clause in the 2023 version of the bill that identified stablecoins as securities.

Despite these efforts, a recent report from Chainalysis revealed that the US is lagging in stablecoin adoption. According to Chainalysis, the market share of stablecoin transactions on US-regulated exchanges dropped below 40% in 2024. Comparatively, the share of stablecoin transactions via offshore exchanges rose to 60% this year.

@ Newshounds News™

Source:  CoinTelegraph

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BRICS SAUDI ARABIA: OFFICIAL ANNOUNCEMENT ON MEMBERSHIP

Despite accepting an invitation to join the alliance in 2023, the BRICS bloc has yet to fully welcome Saudi Arabia into the alliance.

That could be set to change at the BRICS 2024 Summit, according to an official announcement. Specifically, Russian Spokesperson Dmitry Peskov noted Riyadh’s participation within the alliance will be made clear after the upcoming event.

The ongoing saga has seen different responses from both sides throughout the year. Saudi Arabia has continuously said that it is carefully observing the risks and benefits of joining the bloc. However, the alliance has continued to affirm that the country is the 10th member of the growing collective. That distinction is likely to be verified after the event takes place.

BRICS & Saudi Arabia to Clarify Position After 2024 Summit
Last year, the BRICS bloc announced its first expansion effort since 2001. Indeed, the bloc had announced that five nations had accepted invitations to join the bloc. Specifically, these countries included the United Arab Emirates (UAE), Egypt, Iran, Ethiopia, and Saudi Arabia.

However, one of those nations had not officially accepted the invitation. Saudi Arabia clarified that it had yet to join the bloc and was still considering the strategic benefits of joining the group. A year later, the situation is yet to be resolved. However, it does appear as though an answer is coming.

According to a Russian spokesperson, the BRICS group will clarify Saudi Arabia’s membership within the alliance after the 2024 Summit. The event, taking place next week in Kazan, is the biggest of the calendar year for the alliance. With questions surrounding Saudi Arabia’s attendance, the questions of its membership began to resurface.

“The summit will be held very soon,” Dmitry Peskov told Russian state media. “We will inform you additionally who will represent Saudi Arabia or if it will be represented at the summit at all. Based on this, we will make conclusions.”

In 2023, Saudi Arabia’s position in the bloc was considered a game changer. The oil and gas powerhouse would’ve brought forth unprecedented geopolitical benefits to the group. Yet, it also would have only magnified tensions with the West. These relationships are likely the basis for the country’s reluctance to join the Global South’s opposition. Yet, the answers to its membership question should be obvious after the summit concludes.

@ Newshounds News™

Source:  Watcher Guru

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🌱 GOLD DEBT CLOCK WOW WOW WOW SOWT  |  Youtube

This is so IMPORTANT for the GCR!  Listen Up!

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Monday Morning 10-21-2024

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. 21 Oct. 2024

Compiled Mon. 21 Oct. 2024 12:01 am EST by Judy Byington

Judy Note: The Oct. 17 (alleged) launch of the gold/asset-backed Global Currency Reset and (alleged) demise of the US Inc.’s fiat dollar that took away the Cabal’s money supply, was designed to change all that.

On Sun. 20 Oct. the White House was engulfed with green lights. For the past 2-3 days it has been lit up with red lights (for Red October). Green now seemed appropriate for this week with the anticipated BRICS announcement of a Global Currency Reset and activation of NESARA/GESARA for The People.

As of Thurs. 17th Oct. 2024 the fiat US Dollar could no longer ( allegedly) be used for international trade, which ( allegedly) ended funding of the privately owned US Inc. Corp, plus on that same Thurs. 17th Oct. the Quantum Financial System Global Currency Reset ( allegedly) activated, which launched the new United States of America Republic.

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Global Currency Reset:

Sun. 20 Oct. 2024 BREAKING! The Four Portals of the Quantum Financial System (QFS) — USA, European, UK, and Asia-Africa-Australia Portals — are set to connect and transform the world! Discover how these portals will bring transparency, asset-backed currencies, and global financial freedom, ending deep state control. https://amg-news.com/breaking-the-four-portals-of-the-qfs-usa-european-uk-and-asia-africa-australia-portals-set-to-connect-and-transform-the-world/

Sun. 20 Oct. 2024 Captain Marvel Jr. October Surprise: Julian Assange and Chance McFadden and his contacts in the Banking industry have confirmed that starting on Thurs. 17th Oct. the gold-backed Chinese Yen (allegedly) replaced the fiat US Dollar to determine the price of oil on the Forex for international trading; the fiat US Dollar (allegedly) ceased to exist because it has no value and cannot be used for international trade; the US Inc. Corp. fiscal year ended; the Quantum Financial System Global Currency Reset (allegedly) activated and the new United States of America Republic started its new fiscal year. The October Surprise Revealed- Huge Intel (rumble.com)

Sun. 20 Oct. 2024 Wolverine: “It’s all happening this week by the grace of God. Have faith and don’t ever lose it. One of the World’s most noted Whales has just been called in to fly to a certain destination. This is about to kick off. It looks like groups are getting ready now. Foundation groups are getting ready. Please pray my friends. I’m so emotional now that I wish I could tell you more but it’s looking really good for this week. Please God let it happen. …

My sources say everything is going this week. I have absolute faith we will go this week. It’s all happening this week by the grace of God. Have faith and don’t ever lose it. Things started. The green light was given in Zurich as sovereign whales are advancing rapidly and some receiving payment. We are expecting to blast off on Monday for our big D day in Reno.

They are putting the codes in to be started. The QFS has been officially established as our payment system. The US will introduce the new strong dollar on Nov 6. 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.

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.

Sun. 20 Oct. 2024 Jentel RV Update: “Payments are being received. They started yesterday Sat. 19 2024 in other countries. To meet today’s requirements, confirmations of received payments must come from all platforms. Confirmations from the bank to the Treasury to avoid: https://dinarevaluation.blogspot.com/2024/10/payments-are-being-received-by-jentel.html

Sun. 20 Oct. 2024: BREAKING! The Four Portals of the QFS: USA, European, UK, and Asia-Africa-Australia Portals Set to Connect and Transform the World! – amg-news.com – American Media Group

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Global Financial Crisis:

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

On Mon. 14 Oct. 2024 the BRICS Summit struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies, taking a direct s**t at the dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/

Sun. 20 Oct. 2024: BRICS cooperation with Africa increases the bloc’s influence on the global economy – media. The influence of BRICS on the global economy is growing as the number of member countries increases, and the importance of cooperation with Africa is also growing, according to an analytical article in the Zimbabwean newspaper Herald. “As the number of BRICS member countries increases, so will the organization’s influence on the global economy.

 One of the most obvious manifestations of this trend is the gradual weakening of the dollar with a view to its replacement in global trade settlements. In the near future, this will be supplemented by such factors as the strengthening of food security in the BRICS countries, the demise of the Visa and Mastercard payment systems, and the gradual abandonment of SWIFT,” the article notes.

The Zimbabwean publication notes that BRICS is strengthening its position in Africa through large-scale investments, which could create a new source of funding for the continent’s development.

Read full post here:  https://dinarchronicles.com/2024/10/21/restored-republic-via-a-gcr-update-as-of-october-21-2024/

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

Frank26   Article 140 census was done many many years ago and used to calculate the HCL.  They're doing the new census now because they're going to introduces a new rate.

Sandy Ingram   The average cost of living for one person in Iraq is $754/month.  This amount includes rent therefore when Iraq creates a safe environment hundreds of thousands of travelers could easily spend $2,000 a month on average in Iraq.  To understand how tourism can help change a country's GDP you only have to look at Mexico.

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US Hit $882 Billion, 28-Year High, in Interest Costs on $35.7 Trillion in National Debt

Lena Petrova:  10-20-2024

As the clock ticks and fiscal challenges loom large, the numbers paint a stark picture: the United States has hit a staggering $882 billion in interest costs on its national debt—a 28-year high.

\With a national debt totaling $35.7 trillion, this alarming figure not only raises eyebrows but also sends shockwaves through the economic fabric of the nation.

Let’s break down the implications of these figures and what they mean for the American economy and its citizens.

The revelation that interest costs on the national debt have surged to $882 billion is a wake-up call for policymakers and citizens alike.

As we grapple with this financial conundrum, it’s vital to understand that today’s choices will shape the economic future for generations to come.

We have an opportunity to change course, but it requires collective action, transparency, and a commitment to prudent financial stewardship. With collaboration and a proactive mindset, America can navigate this storm and emerge stronger, avoiding the “Game Over” scenario that we all fear.

https://youtu.be/L0_ZJoQC5dY

More News, Rumors and Opinions Sunday PM 10-20-2024

KTFA:

Clare:  In Baghdad Palace.. Presidencies discuss electing a parliament speaker, approving laws and financial issues

10/19/2024

The President of the Republic, Abdul Latif Jamal Rashid, the Prime Minister, Mohammed Shia Al-Sudani, and the Judicial Council, Faiq Zidane, discussed the files of electing a new Speaker of the Council of Representatives, approving important laws, and continuing to finance ministries from the federal budget in Iraq.

According to a statement received by Shafaq News Agency, the attendees at the Baghdad Palace discussed the issue of the presidency of the Council of Representatives and the efforts made to expedite the resolution of this entitlement, and stressed the support of these efforts in a way that contributes to achieving the supreme interest and strengthening the role of the Council of Representatives in integration with the executive and judicial authorities.

The presidents discussed the reasons for the delay in presenting some important draft laws prepared by the presidency of the republic and the necessity of including them on the council’s agenda in its upcoming sessions, in addition to reviewing the judicial procedures taken in the context of publishing and media crimes, and monitoring cases of violations against the systematic campaign launched by some suspicious pages to target the presidencies, ministries, and state institutions, and prosecuting their perpetrators in accordance with the provisions of the law.

The meeting also discussed the government measures taken on the financial side, in order to ensure the financing of ministries and governorates from the investment budget and the regional development budget, in addition to preparing the appropriate environment and logistical requirements for the Independent High Electoral Commission, to begin its preparations for holding the parliamentary elections scheduled for next year.

The attendees stressed the importance of conducting the population census as a developmental goal for the country on which economic and social policies, plans and programmes depend.

They also discussed the overall situation on the regional scene, developments in the "Zionist aggression on Palestine and Lebanon", and the efforts made to contain these attacks and strengthen the unity of the political position towards protecting Iraq and its people from any possible escalation.  LINK

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Clare: Minister of Planning: The percentage of completion of numbering and inventory operations reached 96% in 15 governorates

10-20-2024

Deputy Prime Minister and Minister of Planning, Mohammed Ali Tamim, announced on Sunday that the numbering and enumeration operations are approaching their end in 15 governorates, indicating that the actual completion rate has reached more than 96%, and work continues 24 hours a day to complete this stage, which is an important and essential stage for the general population census.

This came during the Minister's chairing of the ninth session of the Ministry's Opinion Board, which was held today, Sunday. His Excellency added that the work is witnessing remarkable progress in the governorates of the Kurdistan Region, where the completion rate has reached about 65%.

Tamim said that what has been achieved so far represents a great success for the ministry, in a huge and major project such as the population census project, as actual work began last May, and the ministry was able to complete all requirements and implement all stages in record-breaking periods.

He pointed out that the situation has become reassuring in light of the great efforts made by the General Authority for Statistics and Geographic Information Systems.  LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Mr. Sammy...knows someone that attended a big meeting with the Untied States Treasury and the CBI and they said Iraq is coming off the electronic platform.  FRANK: The auctions.  FIREFLY:  And expanding the dinar to go outside of our borders and go international at the end of the year.  So all we will see for now on, according to Mr. Sammy, are just steps taking place to get there.  But the grand prize will not happen until the end of the year.  Mr. Sammy said his friend was there and knows this first hand.  FRANK:  My heart still holds out for this year though but...these two months are important to make sure everything comes out in order for the citizens to be successful.

Mnt Goat   Finance Minister Taif Sami Mohammed stressed the need “to adhere to timetables to achieve economic reforms”.   Yes, Iraq is on a timetable, and I don’t think they are going to mess this one up under Al-Sudani as they have in the past.

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Iraq Makes Bid for WTO & Increased Reserves at IMF by 50%-Exchange Rate Increase

Edu Matrix:  10-20-2024

Iraq Makes Bid for WTO & Increased Reserves at IMF by 50% - Important financial Moves in Iraq - Exchange Rates IQD and Argentina Pesos.

The video talks about why Iraq's joining the WTO is a significant financial decision and how increasing Reserves by 50% places Iraq in a more controlling interest in the IMF.

https://www.youtube.com/watch?v=ualaHYjN7Us

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

Good Afternoon Dinar Recaps,

BRICS SUMMIT TO FAR SURPASS US PRESIDENTIAL ELECTION IN GLOBAL IMPORTANCE, RUSSIAN OFFICIAL CLAIMS

The BRICS summit, not the U.S. presidential election, will be the defining event of global history, a Russian official claims. With BRICS expanding and 65% of its transactions now in national currencies, they argue the world is shifting away from U.S. dominance toward sovereign partnerships. 

“I believe that in 2024 the vector of human development will be established in Kazan, and not in the wavering United States,” the official noted.

BRICS Over US Election? Russian Official Sees a Decisive Global Shift Ahead
Russian Federation Council Speaker Valentina Matviyenko has emphasized that the upcoming BRICS summit, rather than the U.S. presidential election, will be the crucial event that will shape the future of global history.

In a post on her Telegram channel, Matviyenko argued that “the world has changed significantly” and made it clear that the U.S. election would not hold the same influence over the world community as Washington might hope. She was quoted by Tass as stating:

The upcoming U.S. presidential elections will not be the most important event of the year for the world community and will not determine the further course of history. No matter how much Washington would like it to be. The BRICS summit will be that event.

Matviyenko went on to highlight that the changes taking place are “objective and irreversible processes.” Additionally, she underscored the significance of the summit’s high-level representation and the increasing number of membership applications as indicators that “truly responsible leaders of sovereign states” are aware of BRICS’ growing importance. She further asserted, “I am sure that news from Russia will be followed on all continents.”

BRICS, originally formed in 2006 by Brazil, Russia, India, and China, and later joined by South Africa in 2011, is now expanding further. In January, Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia became full members of the group.

This expansion comes during Russia’s presidency of BRICS. The main event of Russia’s presidency will be the BRICS summit in Kazan, scheduled for Oct. 22-24. In the meantime, the U.S. presidential election is slated for Nov. 5.

Matviyenko also noted:

I believe that in 2024 the vector of human development will be established in Kazan, and not in the wavering United States.

“The three days of the BRICS summit and the negotiations of the leaders of the world majority in the capital of Tatarstan will have a decisive influence on our future,” she opined.

Russia’s State Duma Speaker Vyacheslav Volodin said BRICS is challenging the dominance of Washington and Brussels as more nations seek equal partnerships prioritizing their interests. Volodin noted a global shift away from alliances with the U.S. and its allies, favoring cooperation that respects sovereignty and mutual benefit. 

BRICS countries are increasingly using national currencies, with 65% of transactions now conducted in local currencies, while the U.S. dollar and euro account for less than 30%, indicating efforts to reduce reliance on Western financial systems, a trend driven by sanctions and geopolitical tensions.

@ Newshounds News™

Source:  Bitcoin News 

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SIAM COMMERCIAL BANK LAUNCHES STABLECOIN CROSS BORDER PAYMENTS

Siam Commercial Bank (SCB), one of Thailand’s big five banks, has launched a stablecoin solution for cross border payments, including remittances. The project graduated from the Bank of Thailand regulatory sandbox in October 2024.

The bank partnered with SCB 10X, its venture and innovation arm, and Singapore fintech Lightnet for the launch with custody technology provided by Fireblocks. We’ve requested details about the public blockchain and stablecoins being used, but didn’t receive a response in time for publication.

Cross border payments usually require banks to have pre-funded Nostro accounts at the destination. Using stablecoins this may not be needed. Plus stablecoin transfers are very inexpensive and can happen 24/7.

“By leveraging blockchain technology and stablecoins, we are making cross-border remittances more efficient, reliable, and accessible for everyone,” said Thanawatn Kittisuwan, First EVP & Head of Digital Juristic & Payment at SCB.

Initially the solution targets consumers, but now SCB plans to work on offering it to corporate customers. The big three Japanese banks are looking to do something similar for cross border payments, but they hide the use of stablecoins. Hence, clients initiate bank payments in the usual way.

SCB Tech X also participated in a Hedera DLT stablecoin trial that involved other banks, including Korea’s Shinhan Bank, a Taiwanese Bank, and South Africa’s Standard Bank as an observer.

@ Newshounds News™

Source:  Ledger Insights

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🌱 BRIC' PAYMENT CARD? WHAT IS BRIC WHAT DOES IT HAVE TO DO WITH ANYTHING?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Follow the Timeline 

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Subscribe to Newsletter

Thank you Dinar Recaps

New BRICS Currency and Increasing Western Sanctions is a Global Reset in Progress

New BRICS Currency and Increasing Western Sanctions is a Global Reset in Progress

Awake-In-3D October 18, 2024

With sanctions accelerating de-dollarization, BRICS nations are leading efforts to restructure the global financial order.

As the global financial landscape continues to transition, the new BRICS currency initiative emerges as a formidable challenge to the U.S. dollar’s dominance.

In response to geopolitical tensions and sanctions, nations are seeking alternatives to dollar-based trade, with BRICS countries leading the charge toward a new gold-backed financial system.

With gold prices surging past $2,700 per ounce, this transformation could realign the global economy and spark the long-discussed Global Currency Reset (GCR).

The question now is whether the upcoming BRICS summit will mark the dawn of a new era in international finance, reshaping the balance of power from West to East.

Sanctions, De-dollarization, and the Birth of Alternative Financial Systems

Western sanctions against Russia, following its 2022 conflict in Ukraine, triggered a series of unintended consequences, forcing targeted countries to explore financial alternatives beyond the U.S.-dominated system.

These sanctions effectively cut Russia off from global markets tied to the dollar-based SWIFT network, compelling it to strengthen economic partnerships with China, India, and other BRICS nations. In response, Russia has begun settling transactions in Chinese yuan and other local currencies, adding further momentum to de-dollarization efforts.

The consequences of these developments go beyond the BRICS members. Other nations—particularly those wary of Western influence—have taken notice. The U.S. dollar’s use as a geopolitical tool has raised concerns about economic sovereignty, fueling interest in establishing a new global reserve currency.

This evolving landscape hints at a recalibration of the global economy, a key hallmark of the GCR, where the structure of international finance is realigned to reflect the interests of more players than just the West.

The New BRICS Currency: A Challenge to Dollar Dominance?

Rumors of a new BRICS currency, reportedly 40% backed by gold and 60% by a basket of member-state reserves, have attracted significant global interest ahead of the BRICS summit in Kazan, Russia, on October 22-24. Although experts predict that a formal unveiling is unlikely at this meeting, the discussions alone indicate that the world is moving toward a future where the U.S. dollar will no longer reign supreme.

This shift aligns closely with the Global Currency Reset (GCR), a process that seeks to restructure the global monetary system and diversify away from a single currency’s dominance.

In recent years, central banks worldwide have increased their gold reserves, viewing the precious metal as a hedge against inflation and geopolitical instability. With gold prices now hovering around $2,700 per ounce, many believe that asset-backed currencies will play a key role in the future financial system—an idea long associated with the GCR movement.

A new BRICS currency could set off a chain reaction of currency revaluations (RV) across the globe. If the proposed currency is anchored by tangible assets like gold, it compels other countries, including those in the West, to revalue their own currencies to remain competitive in global trade.

Such a move would mark the most significant shift in international monetary policy since the collapse of the Bretton Woods system in the 1970s.

The U.S. Dollar’s Waning Influence

While the U.S. dollar still accounts for 84% of global trade transactions, its dominance is eroding due to several factors, including the rise of the Chinese yuan. China has successfully positioned its currency as an alternative to the dollar, particularly in oil markets, through initiatives like the petroyuan.

As energy trade—a key pillar of the dollar’s dominance—diversifies, BRICS countries have an opportunity to reduce their reliance on the dollar even further. Notably, Saudi Arabia has expressed interest in settling oil transactions in yuan, marking a potential end to the petrodollar era. If the BRICS currency materializes, it will likely prompt other countries to recalibrate their financial policies and accelerate the shift toward a multipolar financial system, as envisioned in the GCR.

Geopolitical Implications of the GCR and RV

A successful launch of a BRICS currency will likely prompt other countries to recalibrate their currency policies. With gold serving as the backbone for the new financial system, currencies across the globe must undergo revaluation (RV) to maintain credibility and parity in international trade. This process would mark a historic shift in monetary policy, requiring nations to shift their focus from debt-backed fiat currencies to tangible, asset-backed reserves.

India, an influential BRICS member, faces a critical decision point. While it remains committed to deep economic ties with the U.S., it also recognizes the benefits of participating in the GCR movement and supporting a new global reserve currency. India’s balancing act reflects the complexities involved in creating a new world orderr, where economic and geopolitical interests are often in conflict.

The Bottom Line: The New BRICS Currency is a Path Toward a New Global Financial Order

The rise of a BRICS currency—combined with growing geopolitical tensions, sanctions, and the search for financial alternatives—suggests that the world is approaching a Global Currency Reset. The potential decline of the U.S. dollar’s dominance signals not only a change in how global trade is conducted but also a shift toward revaluation of currencies based on tangible assets. While the future trajectory remains uncertain, one thing is clear: the financial system of tomorrow will not look like the system of today.

The upcoming BRICS summit is unlikely to deliver the final blueprint for a new global currency, but it will certainly push forward the conversation about how the world’s economic future will be shaped. With precious metals playing a key role in this transition, the competition for currency dominance is just beginning—ushering in an era where gold, not fiat, will likely decide the balance of power.

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News, Rumors and Opinions Sunday 10-20-2024

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. 20 Oct. 2024

Compiled Sun. 20 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset Timeline:  (Rumors/Opinions)

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

On Mon. 14 Oct. 2024 the BRICS Summit struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies, taking a direct s**t at the dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/

On Tues. 15 Oct. 2024 Zimbabwe’s new gold-backed currency officially entered general circulation.

On Thurs. 17 Oct. 2024 the gold-backed Chinese Yen replaced the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar ceased to exist because it has no value and cannot be used for international trade.

On Thurs. 17 Oct. the US Inc. Corp. fiscal year ended; has not been funded by Congress for the next fiscal year and thus will be forced to close down, ending the fiat monetary system.

On Thurs. 17 Oct. all banks closed worldwide that were not Basel III Compliant (have gold backed currency).

Thurs. 17 Oct: International Day for the Eradication of Poverty was observed, marking adoption of the Convention on the Rights of the Child (UNCRC) on 20 November 1989.

On Thurs. 17 Oct. LIBOR was replaced by SOFR, marking a significant change in financial benchmarks.

On Thurs. 17 Oct. the new United States of America Republic started its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.

On Saturday 19 Oct. 2024 Iraq celebrates their Independence Day.

Tues. 22 Oct. to Thurs. 24 Oct. BRICS Summit To Announce Global Currency Reset. The event in Kazan hosting 24 leaders, 32 countries will initiate a massive shift in macroeconomics through the arrival of its BRICS Pay system. The event is expected to be the largest foreign policy event ever held in Russia. That should be a massive moment for the global south and its continued efforts toward increased competition with the West. https://watcher.guru/news/who-will-attend-brics-summit-2024-key-leaders-confirmed https://www.dailynewsegypt.com/2024/10/13/brics-summit-in-kazan-to-host-24-leaders-32-countries

On Sun. 27 Oct. into Mon. 28 Oct. 2024 Project Sandman (US Dollar crash) was expected to kick off.

Sat. 19 Oct. 2024 Wolverine: “My sources say everything is going this week. I have absolute faith we will go this week. It’s all happening this week by the grace of God. Have faith and don’t ever lose it.”

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: Things started. The green light was given in Zurich as sovereign whales are advancing rapidly and some receiving payment. We are expecting to blast off on Monday for our big D day in Reno. They are putting the codes in to be started. 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.

Fri. 18 Oct. 2024: XRP, NESARA-GESARA, QFS 3.0, and the National Quantum Initiative Act: The Financial Revolution Uncovered! [MUST WATCH] – amg-news.com – American Media Group

~~~~~~~~~~~

Global Financial Crisis:

Fri. 18 Oct. 2024: South African President Cyril Ramaphosa says BRICS has potential to drive significant change in the global economy and international relations. “BRICS now covers 43% of the world’s population…the opportunities for cooperation and economic progress are immense.”

Read full post here:  https://dinarchronicles.com/2024/10/20/restored-republic-via-a-gcr-update-as-of-october-20-2024/

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

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

Frank26   Many people pose the question, I don't have my receipt.  If I'm ever audited what am I going to do?  If I don't have my receipt I'm going to be in the 40% [tax bracket]. I don't want to pay that much taxes.  What do I do?  Did you write a check?  Your canceled check is your receipt.  Did you use a credit card?  You bank statement from your credit card is your receipt...

Militia Man  Those people [Who have 'hoarded mattress dinars'] are expecting the stock market to run big time when they change the value of their currency based off of a Real Effective Exchange Rate based off real assets, non-oil [revenue].  That's what's in focus right now.  It's phenomenal.  This is a good sign of things to come.

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

MARKETS A LOOK AHEAD: (CRITICAL UPDATES...) STOCK MARKET, GOLD, SILVER, CRYPTO, MORE!

Greg Mannarino:  10-20-2024

https://www.youtube.com/watch?v=yR-rGYjx2eM

BRICS speeds up development of independent payment system

TRT World:  10-19-2024

TRT is a Turkish public broadcast service.

The upcoming BRICS summit in the Russian city of Kazan will focus on its new, independent international payment system. The group has grown in membership this year, and supporters of the BRICS expansion say it shows a growing dissatisfaction with current international institutions. Dasha Chernyshova reports.

https://www.youtube.com/watch?v=bV1iaDkoHSI

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 

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🌱 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

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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

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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

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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

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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

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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.

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© 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.

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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

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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

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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.

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Source:  Crypto News Flash

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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