Some “BRICS News” 10-22-2024

Jp Cortez: BRICS Aren’t The Only Ones Turning To Gold

Arcadia Economics:  10-22-2024

While the BRICS Summit is finally underway today, they're not the only significant group that has been increasingly looking towards gold lately.

It's actually been happening in the states too. Where favorable precious metals legislation has been getting passed by the majority of the states, while the legislators that are signing it often cite the same underlying reasons that the BRICS countries do.

One of the people moving that effort forward is Jp Cortez of The Sound Money Defense League, and today he joins me on the show to give an update of what's happening with the states, and the impact it's having.

To find out more, click to watch the video now!

https://www.youtube.com/watch?v=7sIS6b-fpcc

BRICS Demo BRICS-Pay, Mention ‘Unit’ is Under Discussion

Arcadia Economics:  10-21-2024

As the world gears up for the much-anticipated BRICS summit, excitement is palpable, especially with the recent announcements surrounding the BRICS-Pay card system and the emergence of discussions about a potential common currency called the ‘Unit.’

With the BRICS (Brazil, Russia, India, China, and South Africa) bloc’s aim to bolster economic collaboration among emerging markets, these developments could mark a significant shift in the global financial landscape.

Last week, BRICS member nations demonstrated their BRICS-Pay card system, which aims to facilitate smoother transactions between member countries and enhance trade efficiency.

Designed as a digital payment platform, BRICS-Pay seeks to provide an alternative to Western-dominated financial systems, enabling member states to conduct trade and transactions in their local currencies.

The demonstration showcased the card’s user-friendly interface and its capacity to process transactions securely and swiftly. This initiative is particularly aimed at reducing dependency on the US dollar and combating the volatility and limitations of existing financial systems.

During the demo, the BRICS-Pay website unveiled a note discussing the potential introduction of a common currency referred to as the ‘Unit.’ This intriguing concept has sparked debates about the feasibility and implications of a shared currency among BRICS nations.

While specifics regarding the currency’s structure remain scarce, the idea is to further integrate the economies of BRICS members and strengthen geopolitical ties in the face of an evolving global economy.

For many, the notion of a BRICS currency may seem speculative, but there have been growing calls among member states to address the imbalance caused by traditional financial systems.

As countries grapple with the repercussions of sanctions and trade disputes, a common currency could serve as a buffer against external pressures.

As the summit unfolds, it’s essential to pay attention to how these developments might impact the global economy. The BRICS nations have long sought to challenge Western hegemony; the advancement of the BRICS-Pay card and the discussions around the ‘Unit’ symbolize a new chapter in the quest for economic sovereignty.

In a world increasingly uncertain and fragmented, the rise of alternative financial systems represents not only an opportunity for the BRICS nations but also a potential reshaping of international economic norms.

As we await the outcomes of this summit, anticipation continues to build around whether these initiatives can pave the way for more significant changes in the global financial architecture.

https://youtu.be/aAO32OAH_zw

“Tidbits From TNT” Tuesday 10-22-2024

TNT:

Tishwash:  US Ambassador discusses with Oil Minister reopening Iraq-Türkiye pipeline

US Ambassador Alina Romansky discussed with Oil Minister Hayan Abdul-Ghani the reopening of the Iraq-Turkey pipeline today, Friday.

The ambassador said in a tweet followed by /Al-Youm Al-Akhbariya/, "I was pleased to visit Oil Minister Hayan Abdul-Ghani Al-Sawad to check on his health.

We also talked about increasing investments by US energy companies to help meet Iraq's energy needs, including how reopening the Iraq-Turkey pipeline will contribute to strengthening the comprehensive US-Iraqi partnership and creating investment opportunities."  link

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Tishwash:  Banking Reform Methodology at the Central Bank (2016-2026)

The steps of banking reform that the Central Bank has been taking since 2016 began when Mr. Ali Mohsen Al-Alaq was appointed Governor of the Central Bank of Iraq on 9/9/2014, which is a difficult and complex stage in Iraq's security and economic history.

 Iraq was facing security and economic shocks due to the occupation of 40% of the country's territory by the terrorist ISIS and the global drop in oil prices in June 2014 by 75%. He was reassigned again on 1/23/2023 after the emergence of new crises and challenges at the economic, financial and banking levels, focusing on the lack of control over the unprecedented rise in the US dollar exchange rate and the rise in the annual inflation rate to (7.5%) in January 2023.

The Central Bank worked from 2016 to 2020 to address the effects of the economic and security shocks, the most prominent of which was the government's inability to pay employees' salaries on time.

The Central Bank was able to use its foreign exchange reserves and the method of rediscounting treasury transfers from government support in the amount of 16 trillion dinars, and the crisis was overcome at the time. In 2015, in light of these difficult economic conditions, the Central Bank began to move to develop its plans for the coming years and draw up a methodology for banking reform and structural, technical and administrative development of the Central Bank.

This resulted in the issuance of its first strategy for the years (2016-2020), which included 5 main objectives and 140 sub-objectives, 129 of which were achieved, at a rate of 92%, during the years of implementing the strategy.

It contributed to establishing the basic structures and pillars for moving to a new stage of financial and banking reform, accompanied by the strategic banking projects plan for the years (2019-2023) and the issuance of the second strategy (2021-2023) to complete the achievement of the sub-objectives that could not be implemented in the first strategy, numbering (11) sub-objectives, during which the government continued to resort to the Central Bank and obtain (30) trillion dinars, and the total amount owed by the government became (46) trillion dinars.  

During the second term of the Governor, which began in 2023, the Central Bank worked on studying the achievements of the two previous strategies and diagnosing the foundations of the desired reform.

The efforts to prepare the third strategy continued throughout 2023, and the foundations and foundations were built to set the goals for this new strategy for the years (2024-2026), which derived its main and sub-goals from the state's general economic policies and its strategy for financial and banking reform adopted by the government in the government program and from Central Bank Law No. 56 of 2004. It included programs with clear goals and initiatives for a period of three years in a special, complex economic and financial circumstance fraught with risks and challenges at the level of internal and external economic and financial relations.

The third strategy identified the main goals with 7 goals, 24 sub-goals and 75 initiatives to achieve the main and sub-goals, and charted the path for banking and financial reform

according to the following strategic goals: -
1- Supporting and enhancing monetary stability.
 2- Enhancing digital transformation, activating electronic payment and supporting cyber security.
3- Enhancing financial inclusion .
4- Maintaining a sound financial system.
5- Developing the organizational structure and developing human resources capabilities.
 6- Enhancing the position of the Central Bank locally and internationally.

7- Enhancing compliance of the banking sector and the non-banking institutions sector in line with international standards.
 Programs, policies and initiatives have been identified to achieve the goals, and perhaps the most prominent program is the launch of the National Strategy for Bank Lending in Iraq (2024-2029) and the approval of the Council of Ministers to implement it, which will restructure banking financing in Iraq in addition to leaving the electronic platform and adopting correspondent banks in foreign transfers, protecting the financial system, enhancing financial inclusion, managing monetary and financial stability, developing oversight and supervision, developing regulation in the banking sector, completing the development of the infrastructure for digital transformation, licensing digital banks, implementing regulatory policies in the Central Bank in accordance with the frameworks and technologies adopted in global central banks, raising the capabilities of human resources, developing banking operations, strengthening the bank's internal and external relations, and representing it locally and internationally.

What has been presented for the ten years of the financial and banking reform process confirms that the next two years will inevitably result in the transition to comprehensive and radical reform of the Iraqi banking sector and its transformation into a solid sector that contributes to sustainable development  link

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Tishwash:  Al-Sudani: Investment opportunities exceeded $100 billion and industrial cities were established in Baghdad

Prime Minister Mohammed Shia Al-Sudani held a meeting today, Monday, with the Chairman of the Egyptian Al-Suwaidi Group of Companies, Ahmed Al-Suwaidi, and a group of directors of Egyptian industrial and commercial companies, in the presence of a number of advisors to the Prime Minister.

 During the meeting, Al-Sudani pointed out the expansion of economic cooperation between Iraq and Egypt, especially in partnerships with the Egyptian private sector, stressing that the investment opportunities offered in Iraq, which were received from Arab and foreign companies, exceeded 100 billion dollars, and they reveal the breadth of economic growth at all levels and fields.

The Prime Minister discussed with the Egyptian delegation the study of the economic and financial model of the group in work, and cooperation in the sectors of industry, education, energy, and infrastructure. It also included discussing investment opportunities and partnership in the sector of maximizing petroleum resources, localizing the electrical transformer industry, smart meters that are linked to the electrical grid, and the carbon iron and steel industry.

It was agreed to study the establishment of industrial cities in Baghdad, as the group presented a map of projects that will be studied by the Advisory Board and sectoral bodies.   link

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Mot . Still Time to get the Word OUt!!! 

Mot:... Guess What!!!  Santa is coming

Seeds of Wisdom RV and Economic Updates Tuesday Morning 10-22-24

Good Morning Dinar Recaps,

G20 REPORT ON TOKENIZATION OUTLINES HOW CENTRAL BANKS LIKELY TO ENGAGE

The Bank for International Settlements (BIS) has been pretty supportive of tokenization, promoting the idea of the Unified Ledger where tokenized assets can be settled with tokenized money. 

Today the BIS and Committee on Payments and Market Infrastructures (CPMI) released a report for the G20 which takes an upbeat but sober view on tokenization, highlighting both the opportunities and the risks, as well as the role of central banks.

On the opportunity front, the stand out benefit is seen as the ability for a single platform to support functions that have been traditionally split (such as pre and post trade) as well as multiple types of assets and different parties.

That reduces many frictions and costs, enabling transactions that previously weren’t possible. Plus the support for delivery versus payment (simultaneous exchange of the asset and money) helps with risk reduction.

It also steps through many potential risks beyond the conventional ones. In the early stages, as tokenization matures, there is some legal uncertainty as regulations get clarified.

The paper raised an interesting legal risk: In the United States, if a company goes bankrupt, its assets are frozen. However, that’s not the case regarding repurchase agreements (repos), which usually involve a company providing collateral in exchange for cash. The BIS notes that this advantage “may not extend to tokenised versions of repo transactions.”

Meanwhile, the authors highlight that more complex platforms which support multiple issuers and assets are likely to be more expensive to build. On the other hand, it’s less expensive to develop a single issuer or asset platform, but more likely to create siloed data which defeats the object of tokenization.

The role of central bankers
This potential proliferation of siloed systems and fragmentation highlights the need for central banks. Central banks can step in to coordinate efforts.

Plus, given the propensity for payments and network effects, there’s a risk that a lack of competition between tokens could result in a “winner takes most” situation. That could mean the benefits of tokenization translate to higher profits rather than lower costs for end users. Central banks want end users to benefit from the potential economies of scale that a large platform could enable.

A second consideration is the role of the central bank in providing central bank money for the settlement of tokenized assets. The paper considers various options, including integrating existing payment systems and providing tokenized central bank money (wholesale CBDC) on a central bank platform or third party platforms. While tokenized deposits are moving forward, the BIS is concerned about the potential proliferation of stablecoins for settlement.

Third, is the potential need to monitor these new platforms. They want to assess which ones fall into similar a classification to traditional Financial Market Infrastructures (FMIs).

Finally, there’s the impact on monetary policy. For example, the use of tokenized deposits or a wholesale CBDC could change the balance between public and private money. If tokenization ends up fragmenting money, then this could affect the implementation of monetary policy.

The road ahead
“Tokenisation has significant potential to improve the safety and efficiency of the financial system,” Agustín Carstens, General Manager of the BIS.

”Central banks along with the private sector must continue to explore novel technologies and develop solutions that are fit for purpose for the future financial system.

However, tokenisation also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential.  The BIS is committed to exploring aspects of these challenges through its analysis and Innovation Hub projects in the years ahead.”

@ Newshounds News™

Source:  Ledger Insights

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JAPAN'S DPP LEADER PLEDGES 20% TAX CAP ON CRYPTO GAINS IN POLICY PITCH FOR UPCOMING ELECTION

▪️The leader of Japan’s Democratic Party for the People has included the reduction of taxes on crypto gains as part of the party’s policy statement.

▪️Japan currently imposes taxes of up to 55% on crypto gains as cryptocurrency is classified as miscellaneous income.

Yuichiro Tamaki, the leader of Japan’s Democratic Party for the People (DPP), has proposed a plan to reduce the tax on crypto gains to 20% as part of his policy statement for the upcoming general election.

“If you believe that cryptocurrency should be taxed at a flat 20% rate, instead of being treated as miscellaneous income, please vote for the Democratic Party for the People. We also propose no taxes on cryptocurrency-to-cryptocurrency exchanges,” Tamaki wrote on X on Sunday.

In a policy statement, the party suggests a 20% separate self-assessed tax and proposes exempting taxes on cryptocurrency exchanges, raising the leverage limit from 2x to 10x, and introducing crypto ETFs. Tamaki also wrote in an X post in July that Japan should “aim to become a major cryptocurrency nation through deregulation and tax reform.”

“With the leverage ratio for retail investors limited to 2x, there is little incentive for speculators to enter the market,” Daiki Moriyama, director of Japan- and Singapore-based gaming blockchain builder Oasys, told The Block.

Japan currently imposes taxes of up to 55% on crypto gains, as cryptocurrency is classified as miscellaneous income. In December, the government approved a tax regime revision that seeks to exclude corporations from paying tax on unrealized crypto gains if they hold the assets longer-term.

“Cryptocurrency trading volumes in Japan remain extremely low,” Moriyama said. “Consequently, Japanese cryptocurrency exchanges, which rely mainly on trading fees as their primary source of revenue, are struggling to generate profits.”

Tamaki’s ambition to reform crypto taxes may still be far from becoming a reality. DPP currently holds seven seats in the House of Representatives, and Japan is set to hold a general election on Oct. 27 to fill its 465 lower house seats.

A survey conducted by the Asahi Shimbun, a major Japanese newspaper, showed that, in single-seat areas, the DPP may double its pre-election total of four seats. In the proportional representation category, DPP may increase its seats.

@ Newshounds News™

Source:  The Block  

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.WOW - FEDERAL RESERVE NOTE REMOVED FROM THE U.S. DEBT CLOCK - GLOBAL SHIFT? GOOD NEWS - WATCH  |  Youtube

 @ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Tuesday AM 10-22-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 22 Oct. 2024

Compiled Tues. 22 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 21 Oct. 2024 CBD Gurus Bartel Rumor Only: A Bond Holder said the GCR would be released on Wed. 23 Oct., while another Bond Holder said they would be paid 50% on Tues. 22 Oct, but the GCR wouldn’t really be released for another ten days. An Iraqi Contact said the Dinar would be revalued on Tues. 22 Oct., while another Iraqi Contact said it would be revalued on Wed. 23 Oct. He said only the Dinar and Zim Bonds would revalue, while the other currencies would have to wait for another ten days to two weeks.

Mon. 21 Oct. 2024 Wolverine: “It’s coming this week. That’s all I’m allowed to say.”

Tues. 22 Oct. to Thurs. 24 Oct. BRICS Summit. 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 Wed. 23 Oct. the White House will be engulfed with green lights. 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. …The 17th Letter (JFK Jr.) on Telegram

Mon. 21 Oct. 2024: BOOOM!! JAPAN TO BEGIN USING XRP FOR ALL PAYMENTS WORLDWIDE – A GLOBAL GAME CHANGER! – amg-news.com – American Media Group

Mon. 21 Oct. 2024: QFS Information Center: Quantum Financial System and the Tier 4B Internet Group! The World of Currency Revaluation, Redemption Centres, and NESARA GESARA Payments! – amg-news.com – American Media Group

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Global Financial Crisis:

Mon. 21 Oct. 2024 Dutch Central Bank prepares for a new monetary system. https://www.thegoldobserver.com/p/dutch-central-bank-admits-it-has

Mon. 21 Oct. 2024 Since the earliest days of America until 1971, the country had used the “gold standard” for money. Under this system, U.S. currency was backed by physical gold, much of which kept in a heavily guarded location in Fort Knox, Kentucky. This was intended to keep the price of money relatively standard and prevent runaway inflation, i.e. one dollar equals _x _grams of gold. …American Patriot on Telegram https://www.govtrack.us/congress/bills/115/hr5404

Red full post here:  https://dinarchronicles.com/2024/10/22/restored-republic-via-a-gcr-update-as-of-october-22-2024/

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  TV says the recommendations for Ernst and Young about banking reforms will be approved by the council of Ministers to proceed with the banking reforms.  FRANK:  Ernst and Young are playing a very important part in the Monetary Reform process with the CBI and United States Treasury.  Their involvement is very deep.  To see this report from them once again tells me we are running out of time...

Sandy Ingram   Here's why joining the World Trade Organization is so important.  The WTO can open the door to new business opportunities, attract more investments, and create jobs.  It's a major step towards boosting Iraq's economy and connecting with the world.  Iraq's Trade Minister...just announced Iraq is back at the negotiating table working towards becoming a member of the WTO... [I'll] keep you updated on Iraq's WTO progress...

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BRICS PAY CARD Is Here: Successfully Tested & Launched! | What's Next?

MoneyTM:  10-22-2024

The BRICS PAY CARD has officially launched and it's set to revolutionize the global financial system!  In this video, we'll break down everything you need to know about this groundbreaking payment solution from BRICS nations.

Learn how it challenges the dominance of traditional currencies, what it means for international trade, and why it’s a game-changer for global finance!

https://www.youtube.com/watch?v=z6J1bNDZShk

BRICS News : TRIPLE Growth in UAE/ Russia Trade as Focus Shifts Towards "Strategic" Partnership

Lena Petrova/ World affairs in context:  10-22-2024

https://www.youtube.com/watch?v=fplDNVo85dI

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

Good Evening Dinar Recaps,

XRP NEWS: WHO IS THE SEC PROTECTING IN THE RIPPLE LAWSUIT?

In a recent interview, James Murphy, known as Metalawman, discussed the ongoing lawsuit involving the SEC and Ripple. He answered an important question: who exactly is the SEC defending in this case?

On The Good Morning Crypto Show, he was questioned whether the SEC is claiming to protect regular retail investors by targeting Ripple or if they are actually looking out for the institutional investors who got in early and profited significantly since 2014.

The SEC’s True Motives: Protecting Whom?
Murphy pointed out that while the SEC’s mission is to protect investors and promote orderly financial markets, the reality is different. 

The agency isn’t acting on behalf of retail XRP holders or the institutions that bought XRP at a discount. In fact, none of the institutions have ever sued Ripple for alleged securities violations because their investments have been profitable.

The legal expert argued that the SEC’s lawsuit should never have been initiated. He explained that the SEC has limited resources and should focus on cases with clear violations.

In the crypto space, where scams and fraudulent schemes abound, the SEC chose to pursue a case with no real damages or losses involved.

He also compared this situation to the case against Coinbase, a publicly traded company with transparent financial reporting, suggesting that the SEC is not helping anyone with these actions.

Murphy concluded that, without any losses suffered by victims, it would be impossible to return any funds, which raises questions about the validity of the case itself.

The Ripple Effect: Implications for XRP Holders
The legal battle between Ripple and the SEC continues, with both sides preparing for appeals. The SEC plans to challenge the district court’s findings, while Ripple intends to file a cross-appeal regarding the SEC’s claims. Despite ongoing regulatory challenges, XRP’s price has remained stable at around 54 cents.

@ Newshounds News™

Source:  CoinPedia

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STRIPE BUYS STABLECOIN PLATFORM BRIDGE IN RECORD-BREAKING $1.1B DEAL: REPORT

The deal highlights Stripe’s growing focus on crypto, following its recent integration of USDC and partnership with Coinbase’s Base network.

Fintech giant Stripe has finalized a deal to acquire stablecoin platform Bridge for $1.1 billion.

This purchase marks the largest acquisition in the crypto industry to date.

Record $1.1 Billion Deal
TechCrunch founder Michael Arrington revealed the news in a post on X, stating, “This deal is done. $1.1b.”

Bridge, co-founded by Sean Yu and Zach Abrams, provides software tools enabling businesses to accept payments in stablecoins. The platform allows companies to create, store, send, and receive such assets.

Zach Abrams previously served as Head of Consumer at Coinbase and founded the peer-to-peer payments company Evenly, which was later acquired by Square. Before co-founding Bridge, Sean Yu held key engineering roles at major companies such as Coinbase, Square, DoorDash, and Airbnb.

Earlier this year, the startup received $58 million in funding from prominent investors, including Sequoia, Haun Ventures, Ribbit, and Index Ventures. According to Forbes, this included a $40 million Series A funding round that valued the company at $200 million. It means that Stripe’s $1.1 billion acquisition is a major bump from Bridge’s previous worth.

Launched in August, the firm said in a statement that its mission is to address the financial challenges posed by local currencies in an interconnected global economy. Bridge aims to overcome these obstacles by leveraging stablecoins, which offer faster, more affordable, and accessible payment solutions.

Stripe’s Growing Crypto Focus
Stripe, a payment processing platform that enables businesses to accept credit, debit, and other online payments, has been aggressively expanding its presence in the cryptocurrency space.

Just six months ago, the co-founder John Collison announced that the company would start supporting global stablecoin payments. This materialized when it integrated Circle’s USD Coin (USDC) into its payment interface two weeks ago.

In June, the payment processing firm also partnered with Coinbase. This introduced three new features, including the integration of the exchange’s Base Layer 2 network into its crypto payment products.

Stripe has also integrated USDC on Base into its fiat-to-crypto onramp, allowing faster conversion of fiat funds to crypto for its U.S. customers. Coinbase also agreed to include Stripe as a payment option for customers buying digital assets through its Coinbase Wallet.

In March 2024, the company reported passing $1 trillion in total payment volume for the year, with businesses using the platform accounting for roughly 1% of global GDP.

@ Newshounds News™

Source:  CryptoPotato

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🌱 OKIE EXPLAINS 13303 AND WAS THERE. THIS IS YOUR HISTORY ALSO ON DINAR.   |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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🌱 FUNDRAISER FOR OKIE DETAILS BELOW  |  Youtube

We are sending Okie a care package with some good food. If you would like to donate, he appreciated it before and will again. He has only asked for prayers. Thank you for your kindness. Thank You for Your Kindness! Okie Donation Link and info

https://www.seedsofwisdomteam.com/#ok...

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Newshound's Podcast Link

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Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

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Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Monday PM 10-21-2024

TNT:

Tishwash:  EdgeNext and Commercis announce Partnership for Iraq Expansion

Cloud infrastructure and edge computing services company EdgeNext has announced a strategic partnership with Commercis, a UK-based connectivity, cybersecurity, and innovative IT solutions provider.

According to a press release, this collaboration will enable the expansion of EdgeNext's cloud delivery services throughout Iraq, "bringing transformative improvements to the country's digital landscape."

It continues:

"This partnership will integrate Commercis's regional infrastructures with EdgeNext's global network of over 1,700 edge nodes. Together, the companies will deliver high-performance content delivery, cloud security, and low-latency services to enterprises and public sectors across Iraq.

"One of the key elements of this partnership is cloud gaming in Iraq, which will provide exclusive access to globally leading gaming platforms, enhancing the gaming experience for users in the region.

"The cloud gaming will be supported by EdgeNext's gaming platform, with Commercis's extensive regional infrastructure offering scalable rack space and reliable connectivity to key data centers across Iraq, ensuring seamless access to global gaming services."  link

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Tishwash:  Croatian PM: Iraq represents an important opportunity for development and investment in the energy and oil sector

Croatian Prime Minister Andrej Plenkovic confirmed today, Monday, that Iraq represents an important opportunity for development and investment in the energy and oil sector, while stressing the need to develop bilateral cooperation in the military, security and economic fields.

A statement by the Ministry of Foreign Affairs - received by the Iraqi News Agency (INA) - stated that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met with the Prime Minister of the Republic of Croatia Andrej Plenkovic, in the presence of the Croatian Foreign Minister and the Croatian Ambassador to Iraq, where the meeting was devoted to discussing paths of cooperation and partnership between the two countries, in a way that enhances their efforts to achieve sustainable economic development and prosperity."

The statement added that "the two sides discussed ways to enhance cooperation in the economic, investment and energy sectors, with a focus on the oil and gas sector, and stressed the importance of expanding cooperation in vital areas of common interest."

Hussein pointed out - according to the statement - to "the need to enhance cooperation between the two countries in the field of combating terrorism, and reviewed the outcomes of his European tour. The meeting addressed coordination on unifying positions regarding the war in Gaza and Lebanon."
He stressed that "the continuation of the war in Gaza and Lebanon may lead to the outbreak of new conflicts in other regions," stressing that "the only way to prevent this is to increase pressure on the Zionist entity to cease fire."

For his part, the Croatian Prime Minister expressed his "congratulations on the opening of the Iraqi embassy in Croatia," stressing "the importance of its presence in deepening relations between the two countries at various levels." He also stressed "the need to develop bilateral cooperation, especially in the military, security and economic fields," noting that "Iraq represents an important opportunity for development and investment, especially in the energy, oil and gas sector."

The statement concluded with the Foreign Minister expressing his "happiness to visit the friendly Republic of Croatia," stressing "the strength of relations between the two countries and their mutual keenness to strengthen them in a way that serves their development goals and contributes to achieving the interests of their peoples."  link

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

Militia Man  You have Al-Sudani calling on the House of Representatives to vote in their president.  The optics of them having 3 presidencies available all at the same time when/if...they revalue their currency is a pretty big deal.  The optics would really look good globally.  You got a strong foundation...security and stability at the borders... knocking on the door of the WTO...the TIR contract they signed days ago...international agreements.  Everything is gearing up for what? Iraq going international.

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Mr Sammy wants you to know the opening of these cash deposit centers that Sudani is bringing in with the CBI are a start of collecting and a start of the deletion of the zero notes.  It gives us an avenue to trade in the notes instead of clogging up our regular banks.  FRANK:  These currency centers have been licensed by the CBI, Sudani and the US Treasury in the last few weeks.  Things are moving very fast for you citizens to receive your monetary reform.

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Matt Riley, Vince Lanci: Will BRICS Move Gold-Backed 'Unit' Forward At This Week's Summit

Arcadia Economics:  10-21-2024

https://www.youtube.com/watch?v=udI4nzgJfKk

LIVE! (IS A DEBT MARKET IMPLOSION IMMINENT?) ITS CERTAINLY SOMETHING WE NEED TO WATCH FOR.

Greg Mannarino:  10-21-2024

https://www.youtube.com/watch?v=9gX_h_glbE8

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

Good Afternoon Dinar Recaps,

INDONESIAN REGULATORS EXTEND LICENSE APPLICATION DEADLINE FOR CRYPTO EXCHANGES

The Indonesian Commodity Futures Trading Regulatory Agency has extended the deadline for crypto exchanges to meet the necessary requirements to get their Physical Crypto Asset Traders license as part of a revised government bill.

In an Oct. 20 press release, the Indonesian Commodity Futures Trading Regulatory Agency — known locally as Bappebti — announced that the deadline for crypto exchanges to meet the requirements needed for a Physical Crypto Asset Traders license.

Crypto exchanges have until the last week of Nov. 2024 to fulfill the registration requirements. The regulatory agency clarified that the extension only applies to crypto exchanges that are already listed under Prospective Crypto Asset Physical Traders.

The extension is part of the newly revised government bill, Bappebti Regulation Number 9 of 2024.

The new bill requires crypto exchanges to sign a partnership deal with a local government body and implement Know Your Transaction standards as well as grants trading opportunities for institutional entities.

Oscar Darmawan, CEO of major Indonesian crypto exchange INDODAX, expressed his gratitude to Bappebti for giving crypto exchanges more time to adjust to the regulations set by the government.

“This will also help strengthen the crypto industry as a whole by ensuring that every crypto exchange complies with the standards that have been set,” Oscar said in his statement to local media outlets on Oct. 20.

He explained that INDODAX is currently going through the validation process and is awaiting approval from Bappebti in order to get the license. Darmawan also assured that the exchange company will comply to the latest regulations.

Head of the Bureau of Legislation and Enforcement at Bappebti, Aldison stated that Regulation Number 9 2024 will act as a roadmap to regulating the crypto ecosystem in Indonesia. Among the changes made, Aldison highlighted how it accommodates institutions looking to trade in digital assets. Previously, only individual entities were mentioned in the bill.

“Legal entities and business entities can also become digital asset traders,” added Aldison.

He explained that licensed crypto exchanges are still required to sign a partnership agreement with the Indonesian Directorate General of Population and Civil Registration of the Ministry of Home Affairs, as per the new regulations.

In addition, crypto exchanges are obligated to list on the National Crypto Asset Futures Exchange and become a member of the Crypto Asset Clearing House. If not, they risk having their applications for the license revoked.

In an Oct. 18 press release about the new regulations, Bappebti aims to build a modern, adaptable and transparent crypto ecosystem.

Bappebti will adjust existing regulations in accordance with the Commodity Futures Trading Law. The crypto industry is very fast and dynamic, so it requires an ecosystem that is strong and able to meet market needs,” said Ir. Kasan, Head of Bappebti.

@ Newshounds News™

Source:  Crypto News

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GOLD SURGES TO RECORD HIGH AMID SAFE-HAVEN DEMAND

Gold prices surged to a new record high of $2,729.30 per ounce on October 21, bringing their gains for 2024 to over 30%. The commodity’s latest increase is attributed to increased safe-haven demand amid escalating tensions in the Middle East and the closely contested U.S. election.

This sentiment also fueled a rise in silver prices, which reached their highest level since 2012.

Rising geopolitical risks and the anticipation of U.S. interest rate cuts have boosted gold prices, making it a sought-after asset for investors. Vivek Dhar, an analyst at the Commonwealth Bank of Australia, predicts gold futures will rise to an average of $3,000 per ounce by the fourth quarter of 2025.

@ Newshounds News™

Source:  Bitcoin News 

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GOLD PRICE MEANS NOTHING COMPARED TO SILVER PRICE AT SPOT TODAY!  - The Economic Ninja | Youtube

@ Newshounds News™

~~~~~~~~~

XRP HOLDERS THE FINANCIAL FREEZE IS COMING - BIS BIG PLANS REVEALED - Common Sense Crypto | Youtube

@ Newshounds News™

~~~~~~~~~

🌱 WHY IS GOLD ON THE RISE? WHAT ABOUT OTHER METALS?  |  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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Silver Soars as Dollar Cracks, BRICS, SWIFT, and the Future of Money

Silver Soars as Dollar Cracks, BRICS, SWIFT, and the Future of Money

Smart Silver Stacker:  10-20-2024

In dramatic market movements this past week, silver has surged past the $33 mark, experiencing a remarkable rise of over 6% in a single day. This is not just a minor fluctuation; it marks the highest level for the precious metal in over a decade.

This impressive rally comes alongside fresh turbulence in the U.S. dollar index (DXY), leading many analysts to speculate about the future trajectory of both silver and the broader financial landscape.

The recent rally in silver is compelling. As it broke the $33 barrier, many saw it not just as an isolated event but a potential signal for a larger market breakout. Historically, silver has been viewed as a safe haven asset, often moving inversely to the performance of the U.S. dollar. The dollar index, which recently displayed signs of wearing down after a month-long ascent, suggests growing uncertainty in the greenback’s dominance.

As the dollar began to show signs of weakness, investors are looking for shelter in precious metals, particularly silver. Why? Silver’s dual nature—as both an industrial metal and a store of value—makes it a particularly attractive option in times of economic instability. Investors are increasingly realizing that with the global economy becoming more intertwined and fragile, holding tangible assets like silver can provide a hedge against inflation and currency depreciation.

The decline of the U.S. dollar has significant implications for silver and other precious metals. A weaker dollar generally increases demand for commodities priced in dollars, making them cheaper for holders of other currencies. This scenario can drive up prices further, prompting a surge in investment interest. Moreover, as the dollar weakens, hedge funds and other institutional investors may turn to silver as a hedge against economic uncertainty.

As we watch these shifts unfold, it’s essential to recognize how interconnected global markets are. The U.S. dollar has long held the status of the world’s reserve currency, but recent trends suggest the potential for a gradual erosion of that dominance. Should the dollar continue to decline, precious metals like silver could see significant upward price momentum.

Adding another layer to this intricate financial tapestry are comments from Russian President Vladair Putin ahead of the BRICS summit. Putin’s statements indicate a shift away from the U.S. dollar in global trade, with discussions of alternatives to the SWIFT payment system coming to the forefront. Such developments suggest a coordinated effort by non-Western nations to establish a new financial infrastructure that bypasses traditional U.S.-dominated systems.

If major economies—particularly those in the BRICS group (Brazil, Russia, India, China, and South Africa)—successfully create an alternative economic framework, it could lead to a more multipolar world in terms of currency usage. A decline in reliance on the dollar could diminish its value and pave the way for precious metals to serve as alternative stores of value in a world where fiat currencies become more volatile.

The confluence of the silver surge, the weakening dollar, and geopolitical shifts presents a compelling narrative: we may be witnessing the early stages of a significant financial transition. As investors keep a close watch on these developments, silver’s recent surge seems to be just the beginning of a much larger trend.

In conclusion, the current financial landscape is ripe with potential shifts, fueled by both market dynamics and geopolitical tensions. The implications of these changes could set the stage for a new era in global finance—one where silver and other precious metals play an increasingly pivotal role.

As we move forward, the next few months may reveal whether silver’s breakout is the start of something much larger. Only time will tell.

Watch the video below from Smart Silver Stacker for further insights.

https://youtu.be/_EpA-pC-Fnc

“Tidbits From TNT” Monday 10-21-2024

TNT:

Tishwash:  For a strong economic partnership..Iraq intends to sign 11 memoranda of understanding with Spain

Minister of Transport Razzaq Al-Saadawi announced today, Monday, 11 memoranda of understanding that will be signed with Spain, while calling on Spanish companies to participate effectively in the next session of the Baghdad and Iraq Reconstruction Exhibition.

Al-Saadawi said in a speech during the launch of the 13th session of the Iraqi-Spanish Joint Committee, “It is appropriate for me to begin my speech with the major shift in Iraq’s new economic and trade policy to deepen the bonds of trade, economic and international cooperation to restore Iraq’s leading role as an important and major axis regionally and internationally.”

He added, “The Iraqi government, headed by Prime Minister Mohammed Shia al-Sudani, has begun working to adopt a policy of economic openness to the countries of the world, in addition to maximizing the role of the private sector in the economic development process,” indicating that “Iraq is witnessing a qualitative shift today through investing in its geographical location, as it will be a cornerstone for the sustainable economy through the land railway link project from Iraq through Turkey and from there to Europe, to transport goods and link the Middle East to the European continent.”

He continued: “Iraq has been linked with friendly Spain by historical relations dating back to the seventies of the last century, perfumed by the bilateral agreement for cooperation in various economic, commercial, scientific and technical fields, signed between the governments of the two countries in 1972, which had a great impact on the contribution of Spanish companies to many economic activities in Iraq, in implementation of the paragraphs that were agreed upon in the last minutes of the previous session held in Madrid in 2013.”

He pointed out that “through the continuation of the committee’s sessions, there will be a number of opportunities available to greatly enhance the level of bilateral cooperation in many commercial, economic and technical fields,” stressing “the need to enhance joint work to increase and diversify the volume of trade exchange between our two countries, as this cooperation will play a major role in strengthening the economy to serve both parties.”

He stated that "Iraq is looking forward to being a strong economic partner for Spain, in addition to the participation of Spanish companies in Iraqi infrastructure projects."

He added: “Today we meet again in the meetings of the 13th session of the Iraqi-Spanish Joint Committee for Economic, Technical and Commercial Cooperation, and we hope that this meeting will have fruitful results. I would also like to take this opportunity to invite Spanish companies to participate in the reconstruction projects of Iraq, and take its place in the investment map launched by the National Investment Commission in Iraq and achieve effective participation in the next session of the Baghdad International Fair,” noting “the importance of the Spanish government’s support and assistance to complete all the obligations required for Iraq to obtain full membership in the World Trade Organization.”

Al-Saadawi expressed his “deep thanks and gratitude to the Spanish government and people, and their efforts to develop economic and trade relations between Iraq and Spain,” expressing his hope that “these efforts will be successful for both sides to reach common goals that serve the interests of the two friendly countries, which the Spanish side requested to be signed during the Prime Minister’s visit to Spain.”

He pointed out that "the agreement included:

 First: A memorandum of understanding proposed by the Federation of Iraqi Chambers of Commerce sent to the Spanish side.

Second: A memorandum of understanding proposed by the Iraqi Federation of Industries sent to the Spanish side.

Third: A memorandum of understanding proposed by the Iraqi Contractors Union sent to the Spanish side.

Fourth: A memorandum of understanding proposed by the Iraqi Ministry of Water Resources sent to the Spanish side.

Fifth: A memorandum of understanding proposed by the Iraqi Ministry of Youth and Sports, also sent to the Spanish side.

Sixth: An executive program proposed by the Tourism Authority to activate the agreement signed between the two countries in 1979, also sent to the Spanish side.

He pointed out that “the position of the memoranda of understanding proposed by the Iraqi side, which the Spanish side requested to be followed up outside the scope of the joint committee, through the Ministry of Foreign Affairs with the relevant authorities, in coordination with their representatives directly, considering that they are outside the scope of economic and trade cooperation, and according to the opinion of the Spanish side, are:

1- A memorandum of understanding proposed by the Iraqi Ministry of Foreign Affairs sent to the Spanish side.

2- A memorandum of understanding proposed by the Iraqi Ministry of Education sent to the Spanish side.

3- A memorandum of understanding proposed by the Ministry of Higher Education and Scientific Research sent to the Spanish side.

4- A memorandum of understanding proposed by the Iraqi Ministry of Culture, also sent to the Spanish side.

5- A memorandum of understanding proposed by the Iraqi Ministry of Justice to the Spanish side.link

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Tishwash:  Rafidain Bank organizes a workshop on cyber security

Rafidain Bank organized a workshop on cyber security today, Sunday, in cooperation with the American University in Baghdad.

The bank said in a statement received by the Iraqi News Agency (INA): "Under the patronage of the General Manager of Rafidain Bank, Ali Karim, and in cooperation with the Continuing Education Center at the American University in Baghdad, the Bank's Preparation and Training Division organized a workshop to train the bank's employees on cybersecurity techniques."

He added that "the workshop witnessed a high-level presence represented by the General Manager of Rafidain Bank, the Vice President of the American University, and the Director of the Continuing Education Center, in addition to a number of managers of the bank's departments and divisions.

" He continued that "the workshop addressed the most prominent challenges facing the Iraqi banking system in the field of cybersecurity, and discussed how to address these challenges to ensure the protection of data and financial systems."

In a meeting with officials at the American University, the General Manager of Rafidain Bank confirmed - according to the statement - that "the bank's management vision is based on developing and empowering human resources in various specializations, with a focus on the field of cybersecurity." 

He stressed "the importance of intensifying efforts to train employees and applying quality standards to ensure the provision of accurate and fast banking services that meet customer needs and enhance their satisfaction and confidence." link

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Tishwash Head of Parliament's Finance Committee talks about "dollar smuggling" and "investor privileges" in Iraq

New bank after merging "Rafidain and Rashid"

The head of the Finance Committee in Parliament, Atwan Al-Atwani, admitted that "dollar smuggling" continues, while revealing privileges for investors in the real estate market in Iraq.

 Al-Atwani, a leader in the State of Law Coalition led by Nouri al-Maliki, spoke on Saturday, in a television talk show followed by the “Al-Jabal” platform, hesitantly about “forging import invoices,” but he confirmed, in contrast, the continuation of “dollar smuggling through the purchase of goods that are not audited at the ports.”

He said, "Dollar sales through the Central Bank, which are around $300 million per day, are not all returning to the country in the form of goods," explaining that "there is tax evasion, a defect in the ports, and goods going to other countries."

On the other hand, he denied his knowledge of the existence of "statistics on currency evasion", while calling for monitoring the work of traders and investors who obtain dollars at the "official price".

Last year, Prime Minister Mohammed al-Sudani revealed that currency smuggling abroad was done through “forged invoices, and the money was going out and being smuggled, and this is a reality, otherwise what were we importing for $300 million a day? ”

"Certainly this money was leaving Iraq and this has been a chronic problem for years," he added.

The official exchange rate is 1,320 dinars to the dollar. But at the money changers, the dollar is worth 1,500 dinars.

Banking restructuring

Regarding the banking situation in Iraq, the head of the Finance Committee revealed the existence of an international company called “K2” that “tracks financial transfers” in Iraqi banks.

He said that there is a "decision to merge some banks, and a new bank will be formed through Rafidain and Rashid, and it will operate in a modern way . "

He revealed that Rafidain Bank has been subject to "sanctions since the time of the former regime."

The United States banned some banks in Iraq from dealing in dollars, as the number of those banks reached 31 banks, due to suspicion of smuggling dollars to Iran and other countries.

There are about 72 banks in Iraq, including 29 private Islamic banks, 25 private commercial bank-         

Real estate market

Regarding the rise in real estate prices in Iraq, and Baghdad in particular, Al-Atwani attributed this to “the increase in demand in the housing market and the lack of supply,” stressing that “Iraq needs 3 million housing units.”

The head of the Finance Committee said, " The residential complexes are not sufficient, and have solved only 20% of the housing crisis in Iraq."

Al-Atwani revealed what he described as a “flaw in the investment laws,” stating that Iraq “gives free land to the investor, loans, and offers him customs exemptions, and we need someone who comes and has money.”

The head of the parliament's finance committee also criticised "granting investors land in city centres", but praised the government's now building entire residential cities "outside the centres".

 Political opinions

In other political and economic issues, Al-Atwani said that “the Minister of Finance promised to provide 3.5 trillion dinars in 2024 through taxes,” while denying the existence of political wills preventing “interrogating the government’s financial officials.”

He also confirmed the decline in the presence of what are known as “economic offices” affiliated with the parties, despite his confirmation of the existence of “partisan interests” in the economic file.

Al-Atwani hoped that Iraq would not be exposed to "economic blows" due to the crisis in the region.

The leader of the State of Law considered that Iraq "is part of the axis of resistance, but it does not want war."

He added, "Iraq has an Islamic commitment to countries that are being killed," stressing that "Iraq will defend itself by all means if it is subjected to strikes."  link

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Mot: ....... Almost!!!! 

Mot: Chopping wood…..

America Is Entering A New 'Economic Supercycle'

America Is Entering A New 'Economic Supercycle'

Linette Lopez  Sun, October 20, 2024  Business Insider

No one's going to sound an alarm, blast out a text message, or shoot you an email about it, but the US economy is undergoing a historic shift. We are leaving one long period of expansion — what economists refer to as a "supercycle" — and entering a very different one.

Over the past 15 years, the economy has been characterized by weak demand and low interest rates — a decade-and-a-half hangover from the Great Recession. Now, experts tell me, that is coming to an end.

The world has changed, and we are entering an era of higher growth, creeping inflation, and geopolitical instability that will reroute the flow of money around the world. A new era has arrived, but it's going to be bumpy.

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The good news is that this new era looks as if it will be unencumbered by some of the problems that put a ceiling on growth during the previous era. The most salient feature of the old period, economists say, was the risk of deflation — the possibility that a lack of demand would cause wages and prices to spiral downward, a trap that is extremely difficult to escape.

In an effort to avoid that fate, policymakers in Washington pushed interest rates down to zero and encouraged all kinds of risky behavior among investors, businesses, and everyday consumers.

Investors trying to reach their benchmarks "had to creep out on the risk spectrum," Josh Hirt, a senior economist at Vanguard, tells me. "Supercheap debt," he says, made it easy for businesses to "overexpand and overhire."

The pro-risk environment had some earth-shifting consequences. Silicon Valley put the internet on our phones, China blew a massive bubble in its property market, and the world started investing in renewable energy.

But low interest rates did little to boost demand, and the economy consistently grew slower than it did before the crash, never notching above 3% GDP growth. It was only after the massive government stimulus, spurred by the pandemic, that the economy reached escape velocity, pushing up wages and starting to grow at a healthy clip.

Now, economists say, we're entering a supercycle that will be characterized by three sweeping forces. First, higher interest rates will reward savers, making it more expensive to take risks. Second, geopolitical and economic volatility will generate inflationary effects, reintroducing the specter of soaring prices.

And third, industrial planning will be increasingly influenced by national-security concerns, altering supply chains across industries. How low interest rates wind up settling will establish a new gravitational pull in global markets, recalibrating the forces that determine where the economy is most likely to grow — and where investment is most likely to flow.

The new supercycle "puts the economy in a completely new era," says Silas Myers, the CEO of Mar Vista Investments, which oversees $4 billion in assets. He warns that an entire generation of investors, lenders, and entrepreneurs have failed to embrace the "profound impact" that the new economic era will have on their businesses.

"We were in a time that was less demanding and more forgiving," Myers says. "But that time is ending."

One of the clearest signs that a new economic supercycle has arrived is when the financial rules go topsy-turvy. The previous supercycle was ushered in when the Federal Reserve, in response to the destruction caused by the financial crisis, cut its benchmark interest rate to 0% — the first time the central bank went all the way to the bottom.

The structural shift sent shockwaves throughout the world. Yields on Treasury bonds tanked, meaning investors had to start taking some serious risks if they wanted to make money. This new adventurism pushed stocks higher and higher.

TO READ MORE:  https://www.yahoo.com/news/america-entering-economic-supercycle-094602486.html

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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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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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