“Tidbits From TNT” Thursday 10-24-2024

TNT:

Tishwash:  Parliamentary Legal: Parliament will extend its legislative term to complete important laws

The Parliamentary Legal Committee confirmed that the work on the general amnesty law is proceeding to formulate it in its final form, noting that Parliament will extend its legislative term to complete important laws. 

Committee member Raed Al-Maliki said, "Next week, the committee will focus on legislating the Personal Status Law, and work is ongoing in the committee on the general amnesty law to formulate it in a final form, and we are working to have it passed during the current legislative session."  

He added, "The House of Representatives will extend its legislative session for a month, and thus the legislative holiday will be only one month to complete some important laws. A letter was sent to the House Presidency to include some laws on the agenda during the coming weeks."

Al-Maliki said, "Among the laws that we demand to be included on the agenda are the laws (the right to obtain information, and the regulation of the right to demonstrate and peaceful assembly), as well as reading the proposals of some laws for a first and second reading, such as (the proposed law of human rights activists, and the law of the House of Representatives, its formations and amendments)  link

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Tishwash:  Al-Araji: Iraq today is free of terrorism

Today, Wednesday, October 23, 2024, the National Security Advisor, Qasim Al-Araji, announced that Iraq is "free of terrorism."

Today, the National Security Advisory held a conference to evaluate and update the Iraqi strategy for combating terrorism for the years (2012-2025), in coordination with the Counter-Terrorism Service and in cooperation with the European Union Mission in Iraq. 

Al-Araji opened the conference with a speech in which he stressed that “Iraq today is free of terrorism and we are working to sustain security and ensure its success. We must work according to the principle of citizenship, far from nationalism and sectarianism, because Iraq unites everyone and we must abandon the feeling of marginalization and work according to the law and not escape punishment. The citizen must trust the state and its judicial institutions.” 

He also pointed out that "there are no first-class or second-class Iraqis, etc., as all Iraqis are equal, and the government is strong and state institutions are strong and work to strengthen societal cohesion." 

Al-Araji said, "The government is working on the largest social integration process for those who came from Al-Hol camp, where they were subjected to psychological rehabilitation in Al-Jadaa camp under the supervision of the Ministry of Migration and Displacement and all other agencies. More than 2,000 families have been returned to their original areas so far, and what remains are 600 families undergoing rehabilitation, in preparation for their return and giving them a chance at life again."

He also stressed "the importance of monitoring social media sites that spread division and poison among Iraqis and not allowing any party or entity to divide Iraqi society, as security was achieved by the pure blood of Iraqis and must be preserved."  link

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Tishwash:  Calls to accelerate 2025 budget and boost non-oil revenues

A number of representatives called on the government to expedite the submission of the 2025 budget, warning of the delay that could affect the implementation of development projects and economic reform programs.

They stressed the importance of enhancing non-oil revenues, calling for the adoption of financial and economic policies that contribute to diversifying sources of income and improving resource management.

The representatives stressed the need to develop clear plans for investment in the oil sector, with the aim of increasing productivity and achieving additional revenues to support the budget, in light of the ongoing fluctuations in global oil prices and the economic pressures facing the country.

This comes amidst an emphasis on the need to boost non-oil revenues and ensure the achievement of financial targets to avoid any economic imbalances.

The head of the parliamentary finance committee, Atwan Al-Atwani, said: “We expect the 2025 budget to reach the House of Representatives early next year,” indicating that “the government has begun meetings to restructure the budget items.”

For his part, member of the finance committee, Mustafa Al-Karaawi, stated that “the current year’s budget stipulated the need to provide parliament with the financial schedule before the end of the fiscal year, and any delay in this will cause a delay in the start of implementing the budget and its schedules,” noting that “the non-oil revenues targeted in the budget are estimated at 27 trillion dinars, while what has been achieved so far does not exceed 8 trillion dinars only.”

Al-Karaawi added that “the Ministry of Finance indicated the possibility of collecting 3 trillion dinars per month during the coming period, and that the finance committee called on the government to boost non-oil revenues and ensure the achievement of financial targets to avoid any economic imbalances.”

The MP stressed that "the committee closely monitors the distribution of budget funds to ensure their effective use in serving citizens and strengthening the national economy," noting that "it discusses from time to time ways to increase government revenues by developing the tax and customs system."

The MP noted that "there is a government plan that relies on automating and modernizing the work systems in these institutions, and it is expected to be completed by the end of this year, which will contribute to enhancing revenues and ensuring better efficiency in collecting them."

The head of the Parliamentary Finance Committee, Atwan Al-Atwani, discussed with the delegation of the Adam Smith International Foundation a set of laws related to developing the financial and banking system.

The two sides discussed important draft laws, including the Securities and Commodities Law, the Banking Studies Center Law, and the Islamic Sukuk Investment Law, with the necessary amendments.

Al-Atwani also reviewed before the delegation the most important challenges facing the financial system in Iraq, as well as the steps and priorities of the Finance Committee within the framework of finding a correct philosophy and rational management of public money and the economy by diversifying sources of income and not relying excessively on oil to feed the state budget.

He stressed that "the Parliamentary Finance Committee, as part of its ongoing efforts and continuous efforts to maximize non-oil revenues, is currently working on amending the law of the General Authority for Monitoring the Allocation of Federal Revenues." link

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Mot: .. Danger Danger Danger 

Mot: A day without laughter (and dirt) is a day wasted…

Seeds of Wisdom RV and Economic Updates Thursday Morning 10-24-24

Good Morning Dinar Recaps,

TOKENIZATION: BIS INNOVATION HEAD SAYS PRIVATE SECTOR NEEDS TO EMBRACE CHANGE

The BIS Innovation Hub lead, Cecilia Skingsley spoke about the need for the current financial industry to embrace change. It’s one thing if there’s a department exploring the possibilities of tokenization, but if the C-suite is happy with the way things currently work because they’re making money, that inhibits progress.

“Because the financial infrastructures of today, they are not going to be fit for tomorrow,” she said, talking during the Institute of International Finance (IIF) annual meeting.

She believes there are two key requirements for tokenization to work at a global scale. One is digital identity and the other is around regulation. Different jurisdictions are creating their own rules, but there’s a need for mutual regulatory recognition, which will take time. Otherwise tokenization might just take off in certain regions, without the potential global benefit.

While some are disappointed with the slow speed of progress of tokenization, Ms Skingsley said she would have been surprised if it had moved faster. The financial sector needs to be humble. 

“The last time the financial industry got really excited about new technology, it was during the securitization era,” she said, noting its contribution to the Global Financial Crisis. Hence, it’s good to be deliberate.

Talking about today’s Financial Stability Board (FSB) report on tokenization, she noted that the FSB’s job is to highlight risks. While everyone wants safety, the public sector wants “safe, safe, safe”, whereas the private sector wants flexibility.

She also shed light on the tradeoffs that central banks consider.

In order to encourage inclusion and competition, the public sector tends to embrace low barriers to entry. That’s until that triggers financial stability risks, at which point the questions is whether they want many participants or a few, and it’s easier to supervise a few.

Another trade off relates to liquidity. On the one hand, fragmented liquidity is not good for efficient markets. But at the other extreme, the public sector doesn’t want to see dependence on one particular marketplace.

In terms of solving liquidity issues, Ms Skingsley doesn’t currently see tokenization as addressing it, although that could change. Most market observers describe the current tokenization sector as fragmented. However, it could swing from one extreme to the other.

Ms Skingsley also noted that a few central banks are adapting their real time gross settlement (RTGS) to accommodate DLT-based financial market infrastructures (FMIs). The Bank of England is one of them.

“An increasing number of central banks are wanting to allow for a DLT-based FMI. And then you will see the beginnings of bridges from the current to what could be future tech.”

@ Newshounds News™

Source:  Ledger Insights

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BRICS CURRENCY OFFICIALLY UNVEILED

A mock-up of the upcoming BRICS currency has finally been unveiled at the alliance’s ongoing summit in Kazan, Russia. Indeed, Russian president Vladimir Putin was seen with a mock-up up “BRICS bill” at the summit, the first time the new currency has been put on display.

The BRICS bill in question features the five BRICS nations’ flags (Brazil; Russia; India; China; and South Africa) connected together to form a circle. The displayed currency appeared to be a note with a value of 100. On the flip side of the note appears to be multiple additonal flags, likely of new interested countries that may join BRICS. These include Mexico; Egypt, Nigeria, and Bahrain.

The BRICS bloc has yet to formally announce the launch of the new BRICS currency, however, it has been at the front and center of conversations within the bloc for years. Earlier today, Chinese President Xi Jinping made a historical announcement regarding the bloc’s new payment system.

Speaking to those in attendance, the president discussed why the system is so important to groups that continued seeking a multipolar world. “There is an urgent need to reform the international financial architecture,” Jinping said. “BRICS must play a leading role in promoting a new system that better reflects the profound changes in the international economic balance of power,” he added.

BRICS Currency Launch To Be Revealed Soon?
The blockchain-based BRICS pay system has always been viewed as a key de-dollarization development. For the bloc, it presents a chance to circumvent Western financial infrastructure like the SWIFT payment platform. Therefore, presents a key opportunity for nations within the group to promote the use of their currencies for trade.

The BRICS bloc has enjoyed unprecedented growth over the last two years. It has sought to increase its presence on a global scale and disrupt the West’s dominant run. Throughout the last year, it has increased its de-dollarization efforts to lessen overall reliance on the US dollar. The new BRICS currency will be the next key step in establishing a world where USD isn’t the supreme leader.

The BRICS currency is expected to be backed by gold, the precious metal currently establishing new highs in value. According to reports, the new currency will consist of a backing of 40% gold and 60% tied to local currencies. The regional currencies could involve the Chinese yuan, Russian ruble, and Indian rupee, among other member’s legal tenders.

@ Newshounds News™

Source:  Watcher Guru

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🌱 BRICS OFFICIALLY ADDS 13 NEW NATIONS TO THE ALLIANCE AS PARTNER COUNTRIES  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Thursday AM 10-24-2024

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 Thurs. 24 Oct. 2024

Compiled Thurs.24 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 23 Oct. 2024 Wolverine: “Seven Whales have been paid and have returned home so they can start releasing funds. I have been assured we will be paid this week and it will be a blissful month. A very big person is in Zurich right now.”

Wed. 23 Oct. 2024 Banker: Still hearing by Friday to schedule appointments.

Wolverine From a high contact: From my understanding, the Redemption has already been aware of the Citizens with Fakes and were sending “Notifications” deliberately to lure them to come to Europe to trap them. This won’t delay things as it was planned

Wed. 23 Oct. 2024 BRICS Summit: BRICS just confirmed 159 nations will join the new gold/asset-backed Global Financial System.

Wed. 23 Oct. 2024 Zurich: There have been three sting operations in Zurich. Last week they arrested 73 more people. The previous month there had been over 300 arrests. Mostly Colombian and Venezuelan citizens with fake Zimbabwean Bonds. Many sellers have had their bonds confiscated by the “authorities” and ordered to leave the country within 24 hours. @Era54321Dorada

Wed. 23 Oct. 2024: Global Currency Reset is HERE! Full Power of the GCR/RV Unleashed, QFS Funds Ready, and GESARA/NESARA Set to Trigger the Biggest Wealth Transfer in History! – Gazetteller

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Global Financial Crisis:

Wed. 23 Oct. 2024: BREAKING! The American Economy Is About to Crash Harder Than We’ve Ever Seen And It’s All by Design – amg-news.com – American Media Group

Wed. 23 Oct. 2024: BOOOOM!!! The Quantum Financial System is Unstoppable: How the National Quantum Initiative Act and GESARA NESARA Will Obliterate Financial Tyranny and Unite the World! VIDEO – amg-news.com – American Media Group

Tues. 22 Oct. 2024: BREAKING: Putin and UAE’s Bin Zayed Hold Moscow Talks Ahead of BRICS Summit – US Dollar’s Control Over Oil Trade on the Brink! VIDEO – amg-news.com – American Media Group

Wed. 23 Oct. 2024: US trucking company files for bankruptcy. A Texas trucking company recently filed for Chapter 7 bankruptcy as it liquidates its assets after shutting down operations due to financial difficulties. According to Freight Waves, Sunset Logistics Inc., which is based in Irving, Texas, and five of its affiliates filed for Chapter 7 bankruptcy protection as part of an effort to liquidate assets. The outlet noted that Sunset Logistics filed a bankruptcy petition on October 3 in Dallas in the U.S. Bankruptcy Court for the Northern District of Texas. The trucking company had ceased operating on September 29 due to rising costs, low freight rates, and the current state of the U.S. economy. https://americanmilitarynews.com/2024/10/us-trucking-company-files-for-bankruptcy/

Wed. 23 Oct. 2024: On pace to close over 1000+ US Banks this year This is TOTALLY normal right? A sure sign of a healthy economy? This is NOT normal and NOT healthy The signs are there, you just need to SEE them Join for AMC updates and research, memes and more! https://t.me/amc4all

EBS Thurs. 24 Oct. 2024,  (RUMOR) Ten Days of Darkness Sun. 27 Oct. 2024:

Thurs. 24 Oct. 2024 EBS Alerts Begin (RUMOR)

At Any Time: Tier4b (Us, The Internet Group) notification to set redemption appointments

Mr. Pool: On Thurs. 25 Oct. 2024 the EBS Emergency Broadcast System (allegedly) starts. Prepare by buying food, medications, toilet paper. Get ready. This will be all over the World. Take your money out of the bank.

Wed. 23 Oct. 2024: Breaking News! Global EBS Alert Set to Activate—Prepare Your Phones on October 24-25!  …

Are you ready? The Quantum Financial System (QFS) will replace the old corrupt system. The elites’ banks, stock markets, and currencies will crumble. The greatest wealth transfer in history is about to take place, and the people will finally be free.

We are days away from the most significant event in human history. The old world is falling apart, and a new era is rising. Prepare yourself—physically, mentally, and spiritually. There’s no turning back once this begins.

The time for talking is over. Now, it’s time to act. Stay strong. Trust the plan. The storm is here.

Read full post here:  https://dinarchronicles.com/2024/10/24/restored-republic-via-a-gcr-update-as-of-october-24-2024/

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

Militia Man   I believe they will show and expose the Real Effective Exchange Rate to the currency and there will be a period of time they're going to monitor and adjust...Doesn't matter what the exchange rate is...they have to make  adjustments...Things change in societies and cultures.  

10-23-2024   Intel Guru Frank26  IMO once you see the HCL you will see the new exchange rate.  They have to go hand in hand the same way your lower notes need a new exchange rate.  They also have to go hand in hand.  

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U.S. Debt Hits Crisis Point: Can BRICS Shift Power Away from the U.S. Dollar? - Adam Button

Kitco News:  10-24-2024

Jeremy Szafron, Anchor at Kitco News, interviews Adam Button, Managing Editor at ForexLive, to explore critical developments in global markets, including the rising influence of BRICS, the U.S. dollar's strength, and surging global debt.

Button breaks down the implications of the BRICS nations' push for alternatives to the U.S. dollar, potentially reshaping the currency landscape with a gold-backed system.

The conversation also touches on the Federal Reserve's response to growing inflation and debt, as well as the recent interest rate cut by the Bank of Canada, with Button sharing insights into how these dynamics could influence the U.S. dollar's future.

00:00 - Introduction:

BRICS' Growing Influence

 01:15 - Will the Fed Cut Rates Further?

03:30 - Bank of Canada’s Rate Cut

 05:45 - U.S. Debt and Dollar Outlook

08:00 - IMF’s Growth Warning

10:30 - BRICS and De-Dollarization

12:55 - Gold’s Rally Explained

15:30 - Election’s Impact on USD

17:50 - Trade Tensions and FX Impact

19:45 - Investment Insights

https://www.youtube.com/watch?v=O_UJOMBi8M8

Rich Americans May Be About To Lose A Tax Benefit They Love

Rich Americans May Be About To Lose A Tax Benefit They Love — and now they're racing to get their affairs in order

Christy Bieber  Mon, October 21, 2024    Moneywise

Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience.

Generate Key Takeaways

The clock is ticking for wealthy families who want to take advantage of a major tax break that allows for the tax-free transfer of up to $27.22 million in assets.

The tax break was established by the Tax Cuts and Jobs Act, which was signed into law in 2017, and it is sunsetting automatically in 2025 — so it could disappear for the foreseeable future.

Here's what the tax break is, along with some details on how families are rushing to take advantage of it and some advice on whether you should do the same.

Tax breaks on wealth transfers could be cut in half next year

The Tax Cuts and Jobs Act made many changes to the tax rules, but one of the biggest modifications involved a significant increase to the estate and gift tax exemption.

In 2017, wealthy individuals could transfer a total of $5,490,000 in assets without incurring estate or gift taxes. This is called the lifetime exemption and it applies to gifts you make above the annual exempt amount, as well as to assets that you transfer upon your death.

The new law significantly increased the amount you could transfer. The limit jumped up to $11,180,000 in 2018 and has been adjusted upward automatically each year.

In 2024, it's possible to transfer as much as $13,610,000 without owing taxes. This is per person doing the transferring. Married couples can combine their exemptions to transfer $27.22 million.

That big increase will go away next year unless lawmakers act again. When it goes away, the amount you can transfer tax-free will fall to somewhere in the $6 million to $7 million range. Assets above that threshold will be subject to a 40% transfer tax.

As a result of this change, many wealthy families are eagerly transferring assets this year while they can still take advantage of the larger exemption to move money to children and other loved ones without owing the IRS a cut.

Should you follow the lead of wealthy families?

While the change to the estate and gift tax exemption could profoundly impact wealthy Americans, it is likely to have no consequences at all for the vast majority of people.

TO READ MORE:  https://www.yahoo.com/news/finance/news/rich-americans-may-lose-tax-105500873.html

Seeds of Wisdom RV and Economic Updates Wednesday Evening 10-23-24

Good Evening Dinar Recaps,

WHY IOTA’S SUPPLY INCREASE ISN’T A THREAT: INFLATION AND ECOSYSTEM GROWTH KEY

▪️Since IOTA increased the token supply last year to 4.6 billion—up from an initial 2.79 billion—there have been concerns that this has suppressed its price.

▪️However, one ecosystem member says the increase was in line with the broader inflation, other major tokens experienced similar figures, and it’s the ecosystem growth that ultimately matters.

In September last year, IOTA made a massive announcement, revealing that it would increase the supply of IOTA tokens from 2.79 billion to 4.6 billion. Since then, some analysts have claimed that the new tokens have been the key factor suppressing the price of the token.

However, one community member argues that what the ecosystem builds on the network is more important than the token inflation.

In its September 2023 announcement, IOTA revealed that it would release new tokens every two weeks for the next four years, presumably up to the end of 2027. 

Of the new 1.82 billion tokens, the ecosystem fund, which includes the IOTA Foundation and the Tangle Ecosystem Association, would receive 31%, the highest share. The funds would go towards supporting developers to build on IOTA. Contributors received 5%, while Assembly stakers got 3.5%.

Did IOTA’s Supply Increase Suppress the Price?
Since the announcement, debate has been heated over the effect it has had on the price. IOTA’s price has dipped 22% since September last year. However, in that time, it has surged to a yearly high of $0.4146 in March this year, which sent its market cap to $1.32 billion.

He states that today, the token supply has only increased by 24.5% (currently stands at 3.48 billion).

This may seem like a lot, but when we consider USD inflation (which has grown by 29% over the same period), things start to look very different…The takeaway? The supply increase has not hurt IOTA’s value as much as you might think.

The member further notes that IOTA has been getting a bad rep like it was the only token whose supply had increased since it hit its all-time high back in 2017. In that time, BTC supply has grown 18%, while Ethereum’s is up 25%. Cardano has increased by a much bigger rate than IOTA at 35%. However, all these projects haven’t been attacked and accused of suppressing the price.

He adds:

The increase in supply is common for most crypto projects, and it’s a natural part of blockchain ecosystems, especially those with staking rewards or inflationary mechanisms.

Token inflation isn’t the most important factor for a crypto project, the member added. Rather, it’s more about “expanding the ecosystem (IOTA 2.0, SCL1, Shimmer), which brings value far beyond supply metrics.”

Remember: Market dynamics, adoption, and technological advancements will ultimately drive long-term value. The supply increase is a part of this evolution, not a hindrance.

IOTA trades at $0.1169, dipping 1.7% in the past day to bring its weekly losses to 5.3%.

@ Newshounds News™

Source:  Crypto News Flash

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BRICS 2024 PIC

JUST IN: BRICS officially adds 13 new nations to the alliance as partner countries (not full members).

🇩🇿 Algeria
🇧🇾 Belarus
🇧🇴 Bolivia
🇨🇺 Cuba
🇮🇩 Indonesia
🇰🇿 Kazakhstan
🇲🇾 Malaysia
🇳🇬 Nigeria
🇹🇭 Thailand
🇹🇷 Turkey
🇺🇬 Uganda
🇺🇿 Uzbekistan
🇻🇳 Vietnam

@ Newshounds News™

Source:  @Brics News

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WILL REGULATORS ALLOW TOKENIZED COLLATERAL FOR DERIVATIVES IN THE EU AND US?

During the SIBOS banking event yesterday, David Durouchoux from Société Générale (SocGen) FORGE explained that combining tokenization and derivatives is crucial to encourage the sector to grow.

However, derivatives are not part of the EU DLT Pilot Regime, which relaxes certain laws for DLT and tokenization.

Derivatives traders have to provide collateral as margin when prices move against them. However, traditionally the transfer of collateral is slow because it takes time to settle.

This results in added risks. It also means when traders want to withdraw collateral, it takes time. Hence, the desire to explore alternatives such as tokenization.

Meanwhile, Stateside there are moves afoot to get the Commodity Futures Trading Commission (CFTC) to support DLT-based collateral used for margin. We spoke to the CEO of Hashnote, a traditional finance (TradFi) affiliated firm that has launched a tokenized money market fund, USYC.

He sees the crypto world as a stepping stone to getting tokenized money market funds (MMFs) accepted as collateral in TradFi.

SocGen FORGE: digital bonds as collateral for derivatives
As context, SocGen FORGE provided the infrastructure for the issuance of the very first European Investment Bank (EIB) digital bond of €100m that was issued on the Ethereum blockchain in early 2021.

Mr Durouchoux said that a key requirement is to develop liquidity for digital bonds first. While DLT is already used for repo, it is usually based on the tokenization of existing government bonds.

The next step is to use digitally native bonds for repo. This is already happening in some jurisdictions, such as Switzerland.

“If we have that, then we can build up on that a derivative market, which is efficient. We have trading rooms, we are sell side and we know how to do it,” he said, adding that there have been discussions with the European Commission about reforming the DLT Pilot Regime law to support derivatives.

There are two types of derivative opportunities. ,One is tokenized derivatives and the other is the use of tokenized collateral for derivative margin calls. 

The latter is the one more widely discussed and experimented with because tokenization enables collateral mobility. Rather than collateral being stuck with a single custodian and taking two days to settle, tokenization enables collateral to transfer almost instantly.

Tokenized collateral takes shape
Several solutions are already available. Europe’s HQLAᵡ is the traditional finance platform for mobilizing collateral. JP Morgan has its Tokenized Collateral Network and Broadridge’s repo solution DLR can also be used for collateral mobility. State Street says it’s working on a tokenized money market fund for use as collateral.

Some of this has been triggered by the interest in tokenized money market funds in the crypto world. Franklin Templeton was the first traditional finance (TradFi) firm to launch a tokenized money market fund on a public blockchain, with BlackRock launching BUIDL this year.

Hashnote’s tokenized MMF used as collateral for derivatives
In fourth place in crypto money market funds (MMF) is another TradFi affiliated firm, Hashnote, which is associated with high frequency trading firm DRW and its crypto offshoot, Cumberland.

Hashnote’s USYC fund, with $375 million in assets under management, isn’t a typical MMF in that its cash is in a bank during the day and earns yield on overnight repo.

It is the first tokenized money market fund to be accepted as collateral by crypto derivatives firm Deribit. Cumberland is one of the TradFi-linked firms that are using it as collateral. Hashnote’s CEO Leo Mizuhara told Ledger Insights that it sees crypto as a stepping stone to getting USYC accepted in the TradFi sector.

“My long game for the collateral product at least (is) that we want to be in the CME, in Eurex and LCH,” he said, calculating the collateral between them at around $90 billion, a figure substantially larger than crypto sector collateral. Short term he hopes to roll out the offering with crypto exchanges Binance, ByBit and OKX.

There are sufficient traditional finance firms active in the crypto world that they can lobby to include tokenized collateral.

“You get adoption in the crypto world, and you get the TradFi firms to tell the CFTC, ‘hey we trust this product, it’s working’,” said Mizuhara. “That’s how you get into the TradFi world and become dependable”.

In fact, the CFTC’s advisory group is already recommending that DLT-based collateral be allowed.

Meanwhile, Bloomberg reported that BlackRock has similar plans with its BUIDL MMF. BUIDL is already accepted as collateral at prime brokers FalconX and Hidden Road and it is eyeing Deribit, Binance and OKX as well.

Tokenized design matters
Hashnote’s Mizuhara pointed out that its USYC fund has a key advantage, because interest accumulates within the token. By contrast, BlackRock airdrops interest as new tokens to BUIDL holders once a month.

That’s fine for individual holders, but it’s a challenge if an intermediary has to ensure these airdropped tokens are distributed to clients. It’s an extra process that has to be programmed.

And the whole point of tokenized collateral is to reduce friction and enhance efficiencies.

@ Newshounds News™

Source:   Ledger Ins9ghts  

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🌱 DID DONALD J TRUMP BUY DINAR? SEEDS OF WISDOM TEAM  |  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

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Dr. Judy Shelton: Why Shouldn't the Dollar be as Good as Gold?

Dr. Judy Shelton: Why Shouldn't the Dollar be as Good as Gold?

Palisades Gold Radio:  10-23-2024

Tom welcomes a well known and interesting guest for the first time to the show, Dr. Judy Shelton.

Judy is Senior Fellow at the Independent Institute and author of Good as Gold, passionately advocates for sound money as a moral obligation of governments to their citizens.

Sound money, according to Shelton, should maintain its value over time, acting as an unchanging standard for economic planning and transactions.

 She criticizes the Federal Reserve's policy of debasing the U.S. dollar through inflation targeting, which undermines its purchasing power and creates inequality in society.

The Federal Reserve was initially established to provide an elastic currency that addressed seasonal economic fluctuations. However, the role of the Fed has shifted significantly over time, leading to concerns about its growing dependence on the government for budgeting needs and potential consequences for the economy and small businesses.

 Shelton argues for market-determined interest rates, pointing to historical examples like the gold standard.

 She also highlights the importance of accurate data in monetary policy decision-making and critiques central banks' conflicting policies on a global scale that can lead to currency wars and instability in international trade.

 Shelton advocates for a new international monetary system anchored by a gold convertible long-term US Treasury bond, which would promote stability and accountability in international transactions.

She recalls her unsuccessful nomination to the Federal Reserve and expresses her belief that economic growth under President Trump's agenda and Elon Musk's involvement could lead to controlling the budget and promoting sound money.

Shelton urges for less central planning by governments, believing there is a collective yearning for trustworthy, stable money in society.

The interview concludes with Dr. Judy Shelton expressing her gratitude for the opportunity to discuss her ideas and the success of her book "Good as Gold" on Amazon's charts. She encourages listeners to get radical and demand sound money from their governments for a more prosperous economy based on individual liberty.

Time Stamp References:

 0:00 - Introduction

0:45 - Sound Money & Morality

2:27 - Money Vs. Currency

4:32 - Price Stability?

11:52 - Fed Control & Hubris

18:30 - Central Planning & Mkts

24:03 - Fed 'Independence'

27:20 - Pricing Money Free Mkt.

36:10 - C.B. Global Effects

 39:34 - BRICS & Gold?

44:34 - U.S. Gold Bonds?

55:30 - Golds History of Restraint

 59:15 - Politics & Financial Plans

1:01:59 - Nominee & 'Extreme Views'

1:10:22 - Book 'Good as Gold'

 1:11:50 - Get Radical & Wrap Up

Talking Points From This Episode

Dr. Judy Shelton advocates for sound money as a moral obligation of governments to ensure economic stability and planning through unchanging currency value.

The Federal Reserve's inflation targeting policy weakens U.S. dollar purchasing power, leading to inequality and potential consequences for the economy.

Shelton proposes a new international monetary system anchored by a gold convertible long-term US Treasury bond for stability in global transactions.

https://www.youtube.com/watch?v=k6DsJFqXl20

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 10-23-24

Good Afternoon Dinar Recaps,

BRICS NEWS: IRANIAN AMBASSADOR URGES BRICS TO DEVELOP A BANKING SYSTEM FREE FROM WESTERN STANDARDS

▪️At BRICS, the Iranian Ambassador to Russia, Kazem Jalali, criticized existing Western financial standards for disproportionately benefiting Western nations while harming developing countries.

▪️As the BRICS nations convene in Kazan from October 22 to 24, discussions will focus on enhancing cooperation and financial independence.

Ahead of the 16th BRICS Summit, Iranian Ambassador to Russia, Kazem Jalali, has called on BRICS member nations to build a financial and banking system free from Western influence. 

Speaking on October 22 in Dubai, Jalali highlighted the need for the BRICS bloc to create its own systems and regulations. He believes this will offer fairer opportunities for countries in the Global South.

Iranian Ambassador On BRICS Payment
Jalali emphasized that the existing Western financial standards disproportionately benefit Western nations while causing harm to developing countries. According to the ambassador, these standards are tailored to Western needs and have historically imposed unfair rules on other regions.

“We should not align ourselves with Western financial systems, as they cause significant damage to Global South nations,” Jalali stated, as reported by the Irna news agency. 

The ambassador urged BRICS countries to explore alternative financial mechanisms. He specifically mentioned focusing on banking cooperation and a new financial messaging system that could operate independently of Western models.

Moreover, the Iranian ambassador criticized current Western frameworks. He spotlighted areas of criticism such as financial regulations and counterterrorism measures, which he described as being built on biased standards. “The West has established rules in these areas based on its own interests, rather than considering the needs of other nations,” Jalali remarked.

The call for reform comes at a crucial time, as BRICS nations gather in Kazan, Russia, from October 22 to 24 for their annual summit, reported CNF. With Russia holding the BRICS chairmanship for 2024, the summit will feature discussions to boost cooperation among member countries. Jalali’s remarks appear to be in line with underlined goals for the summit where financial independence and collaboration are key themes.

Will They Be Successful In Implementing Fair Standards?
Jalali also pointed out that BRICS has the potential to redefine global financial practices. He stressed that the group could implement fair standards that reflect the needs of both BRICS nations and other developing countries. “BRICS member states may create fair standards in this area for themselves and other countries interested in cooperation,” he noted.

BRICS, originally formed in 2006 by Brazil, Russia, India, and China, welcomed South Africa in 2011. The bloc has continued to grow, with Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE officially joining as full members on January 1, 2024.

With growing calls for financial independence, the 16th BRICS Summit serves as a key platform for discussions on breaking away from Western-dominated systems. 

Moreover, the BRICS Pay system is reportedly mimicking Europe’s SWIFT, which makes it very efficient. Also, the bloc is using blockchain technology in its de-dollarization efforts, per the CNF report.

@ Newshounds News™

Source:  Crypto News Flash

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VIETNAM ANNOUNCES BLOCKCHAIN STRATEGY, AIMS TO LEAD ASIA BY 2030

Vietnam’s government launched its National Blockchain Strategy, targeting legal frameworks, infrastructure, and innovation to boost its blockchain ecosystem by 2030.

Vietnam officially launched its National Blockchain Strategy on October 22, aiming to become a leader in blockchain technology across Asia by 2030. The strategy outlines key steps for Vietnam to develop blockchain platforms, products, and services within the country and targets the creation of 20 reputable blockchain brands by 2025.

“Vietnam will become a leading country in the region and have an international position in researching, deploying, applying and exploiting Blockchain technology,”

Vietnam’s National Blockchain Strategy

Indonesia recently replaced Vietnam and entered Chainalysis’ global crypto adoption index for the first time, ranking third behind India and Nigeria.

A central goal of the strategy is to establish at least three blockchain testing centers in major cities to support blockchain development and application. These centers will ensure security, promote innovation, and form a national blockchain network.

Vietnam’s five blockchain goals
The Vietnamese government has laid out five key actions to support its blockchain goals:

▪️Improving the legal environment
▪️Building blockchain infrastructure
▪️Developing human resources
▪️Promoting research and international cooperation
▪️Encouraging the growth of blockchain applications.

Various ministries, including the Ministry of Information and Communications, will oversee these initiatives.

To achieve these objectives, Vietnam plans to encourage collaboration among digital technology companies to build blockchain platforms and enhance the competitiveness of local firms in the global market.

The Vietnam Blockchain Association will play a key role in leading initiatives to promote blockchain development under the strategy.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

We are sending Okie a care package with some good nutritious food to replace the Walmart microwave meals he has been eating. If you would like to help Okie, he really appreciated the food sent in the past and will again. He does need prayers and has only asked for prayers. Thank you for your kindness.

Go to the Seeds of Wisdom Team Website - Scroll down the home page to see the many ways you can Donate to help Okie.

 @ Newshounds News™

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WHEN WILL THE RV HAPPEN? WHAT IS NEEDED?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Wednesday Afternoon 10-23-2024

KTFA:

Clare:  Labor announces the release of the full-time employee salary for the month of October

10/23/2024  Baghdad - WAA 

The Ministry of Labor and Social Affairs announced, today, Wednesday, the launch of the full-time appointee's salary for the current month of October 2024.

The Ministry's Disability and Special Needs Rights Commission said in a statement received by the Iraqi News Agency (INA): "It launched the full-time assistant salary for more than (388) thousand and (107) beneficiaries in Baghdad and the governorates for the current month of October 2024."

It indicated that it "completed the disbursement procedures for more than (388) thousand and (107) beneficiaries to launch the full-time assistant salaries for them with a total amount of more than (66) billion and (327) million dinars for the month of October of the current year," calling on the beneficiaries to "go to the approved outlets for disbursement after notifying them with a message from the banks." LINK

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Clare:  Communications: Iraqi Post has achieved great success in digital transformation of financial transactions

10/23/2024  Baghdad - WAA 

The Ministry of Communications confirmed, today, Wednesday, that the Iraqi Post has achieved great success in the digital transformation of financial transactions.

The spokesman for the Ministry of Communications, Omar Abdul Razzaq Musaheb, said in a statement received by the Iraqi News Agency (INA): "The General Company for Post and Savings has achieved great success in terms of digital transformation operations for financial transactions by converting postal books that are decades old into easy-to-use electronic cards that allow citizens to view their balance and know all movements in their account through the electronic application "Ki".

He added that "the digital transformation operations achieved their desired goals of reducing corruption and manipulation of citizens' deposits, which contributed to enhancing citizens' confidence in the procedures adopted by the Post and Savings Company," noting that "they came in compliance with the paragraphs of the government program that emphasize the importance of activating digital transformation and electronic payment in financial transactions instead of cash currency trading."

Abdul Razzaq continued, "The Central Bank of Iraq is fully aware of all the financial activities of the General Postal and Savings Company through a monthly position submitted by the company, contrary to what is being promoted."

He pointed out that "the parties that are trying to downplay the importance of this achievement or seek to mislead public opinion with false information in this regard are the same bankrupt parties that do not want the wheel of reconstruction to advance in the work of the ministry's joints."  LINK

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

Militia Man  The reconstruction of a war torn country is massive...If you've been invested in this for a long period of time and done your research you know back in World War II we had Germany, Japan, what happened to those countries?  They got destroyed, sadly, but...they build them back to powerhouses.  Iraq's going to be another powerhouse...The Development Road is going to support that.  It's going to be huge.

Frank26  What did Dr. Sabibi want in order to bring forth the new exchange rate for the Iraqi dinar to remove the three zeros sanctioned program rate?  Stability and Security...Banks were still being nasty...They were still selling dollars under the table at a ridiculous exchange rate...Isn't what Jesus was mad about were the money exchangers ripping off the innocent people?  Yeah, that's what I'm mad about because it has delayed my investment.  But no more.  Do you agree Sudani has control of his banks?  He shut down over 100...and bringing in these centers that he is controlling with Alaq from Central Bank of Iraq.

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

BREAKING NEWS: Three Major Events in the Middle East This Morning

Edu Matrix:  10-23-2024

BREAKING NEWS: Three Major Events in the Middle East This Morning

These events can change currency values based on investors decisions.

Terror attack i n Turkey, BRICS summit in Russia, North Korean Troops in Russia

https://www.youtube.com/watch?v=T-NAa5cARuE

LIVE! (Out Of Time?) THIS IS GOING FROM BAD TO WORSE RAPIDLY...

Greg Mannarino:  10-23-2024

The Debt Market IS A TIME BOMB. In your opinion... Is it about to go off? Or will the Fed step in?

https://www.youtube.com/watch?v=-CPY-1Iy3VE

Some BRICS News 10-23-2024

JUST IN: Burkina Faso Makes the Bold Move to Join BRICS!

We Love Africa:  10-23-2024

Fed Up with Dollar & Euro, Burkina Faso Makes the Bold Move to Join BRICS!

Is Burkina Faso about to shake the world order? Burkina Faso is joining BRICS to move away from the U.S. dollar and euro by joining BRICS.

But critics are saying de-dollarization is still far off. Is that true? Can nations representing nearly half of the world’s population, who seek to be part of BRICS, really not dethrone the dollar?

Let’s find out.

https://www.youtube.com/watch?v=KQAisnJ8DsE

BRICS' NEW WORLD: Western-Led Order Put on Notice as BRICS Challenges Financial & Political System

Lena Petrova/World affairs in context:  10-23-2024

https://www.youtube.com/watch?v=FpfmzJYEZO4

Elite US economist warns: dollar system is weakening as gold BRICS rise

Geopolitical Economy report:  10-23-2024

The US dollar is gradually losing its dominance, and foreign central banks are buying fewer Treasury securities, instead holding more gold in their reserves, warns Mohamed El-Erian, a mainstream American economist.

 Ben Norton discusses how countries are seeking financial alternatives, especially Global South nations around BRICS.

https://www.youtube.com/watch?v=KnMAit5MP-Y

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-23-24

Good Morning Dinar Recaps,

11 COUNTRIES MIGHT JOIN BRICS IN 2024 AS ‘ASSOCIATED PARTNERS’

BRICS turned from the de-facto five-member alliance to a nine-member bloc after the expansion in 2023. It could have been an 11-member grouping if Saudi Arabia and Argentina had accepted the invitation last year. The 16th summit is being held in the Kazan region of Russia and all the nine countries will decide the future of the grouping.

Topics about de-dollarization, new trade deals, usage of local currencies for cross-border transactions, and BRICS expansion will be decided at the 2024 summit. 

Expansion will be the most talked about topic at the summit as nearly 47 countries have applied to join BRICS. While 25 countries have formally submitted their applications, 22 other nations have informally expressed to join the bloc.

BRICS Expansion: 11 Countries To Be Inducted in 2024 Summit?

A recent report indicates that BRICS could turn from a nine-country alliance to a 20-member bloc after the 2024 summit. The expansion could add 11 countries to the grouping but they will have fewer rights than the existing nine members. 

A senior official said on the condition of anonymity that the 11 countries will have enough opportunities to contribute but will not have decision-making powers.

They will be a part of BRICS but will not have a consensus approach to write trade policies and de-dollarization efforts. They will most likely remain ‘associate partners’ which is a first-of-its-kind in the alliance’s history.

The 2024 BRICS expansion remains a mystery as 47 countries are ready to join the group. Selecting 11 out of the 47 applications will be a herculean task as what they bring to the table matters. Therefore, the 16th summit’s expansion will be important and it will decide the future of the BRICS alliance.

@ Newshounds News™

Source:  Watcher Guru

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RIPPLE VS. SEC UPDATE: KEY INSIGHTS FROM LEGAL EXPERTS ON APPEAL COURT NOTICE

▪️Ripple’s executive has 14 days to file the required acknowledgment and Notice of Appearance in the case against the US Securities and Exchange Commission.

▪️According to former securities lawyer Marc Fagel, there is no evidence to prove that the SEC did not file its Form C earlier than the deadline.

Crypto News Flash (CNF) recently reported that the US Securities and Exchange Commission (SEC) has submitted its Civil Appeal Pre-Argument Statement (Form C) to the Second Circuit Court of Appeals.

Fascinatingly, the counsel for the defending party (Ripple Labs), technically referred to as the appellee’s counsel, has failed to submit the required acknowledgment and Notice of Appearance by the due date (October 18, 2024).

🚨 BREAKING: NEW RIPPLE VS. SEC FILING FROM TODAY: The court has not received the acknowledgment and notice of appearance on the due date October 18, 2024!

Remember: If they do not comply with these requirements within 14 days their appeal will be dismissed!“ #XRP pic.twitter.com— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) October 22, 2024

Details Shared by Insiders
According to a document shared by crypto influencer Amelie, the defendant has been given 14 days from the notice date to comply with this requirement. Failure to do so would subject the hearing of its oral argument to the court’s discretion.

Explaining the contents of this document, retired securities lawyer Marc Fagel clarified that this letter was addressed to Ripple executive Chris Larsen who has not yet filed his appearance in the case. Before his explanation, a section of the XRP enthusiasts alleged that the document was directed to the SEC for its supposed late filing.

To dispel this, Fagel clarified that the US regulator prepared its Form C on the morning of October 16 (the due date) but docketed it the following day. 

According to him, there is no available evidence that suggests that the Form C was not filed earlier. Confirming our October 17 publication, no evidence of filing was found on October 16. According to a CCN report, an ex-SEC official even admitted that the Commission missed out on the deadline.

The official NOA date is Oct. 2. So the deadline was Oct. 16. The only hope the SEC has is for the court to consider Columbus Day a national public holiday. I don’t think that’s the case.

Contesting the argument of Fagel, an X user identified as Vincent Wong pointed out that preparing the Form C document on the morning of the deadline day does not mean it was filed.

It is like saying I prepared for the test. That doesn’t mean I took the test. Lack of evidence also doesn’t mean that it was filed earlier.

Legal Expert Calls Ripple Out
Commenting on the latest court document, legal expert Fred Rispoli pointed out that Ripple appears to be at fault for failing to file a form on time. According to him, this is not a big deal. However, it is quite worrying since it pays a collective amount of $8000 per hour to the legal team.

Amid this development, XRP has lost 1.49% of its value in the last 24 hours to trade at $0.52. On top of that, its 24-hour trading volume has recorded a decline of 16%, with $1 billion changing hands at press time.

Meanwhile, Bitget chief analyst Ryan Lee believes that the asset would hover within the range of $0.50 and $0.80 by the end of the year.

XRP’s price is likely to fluctuate between $0.50 and $0.80 by the end of the year, though this projection is highly contingent on regulatory developments and shifts in sentiment, particularly within the U.S. market…This hesitation could translate into short-term price volatility for XRP, as the market waits for more concrete results.

@ Newshounds News™

Source:  Crypto News Flash,  Twitter

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🌱 WHAT YOU NEED TO KNOW ABOUT THE NEW FINANCIAL SYSTEM  |  YOUTUBE

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Wednesday AM 10-23-2024

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 Wed. 23 Oct. 2024

Compiled Wed. 23 Oct. 2024 12:01 am EST by Judy Byington

Global Financial Crash Event:

Mon. 28 Oct. 1929 was the Black Monday Market Crash.

Mon. 28 Oct. 2024 was also on a Monday. 

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched the fiat US Dollar and 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

By Mon. 14 Oct. 2024 the BRICS Summit had 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, plus EAS testing happened across dozens of US States.

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 trade and thus the fiat US Dollar ceased to exist because it had no value. Also on Thurs. as their fiat global monetary system ended, the US Inc. Corp. fiscal year also ended and all banks closed worldwide that were not Basel III Compliant (have gold backed currency). At that same time the Quantum Financial System Global Currency Reset activated with at least 144 countries currencies being gold/asset-backed and trading at a 1:1 with each other, plus the new United States of America Republic started its new fiscal year under a gold-backed US Note as part of this Global Currency Reset.

Mon. 21 Oct. to Thurs. 24 Oct. SWIFT Event in China.

Tues. 22 Oct. to Wed. 23 Oct. Federal Reserve meeting in Philadelphia, PA

Sometime between Tues. 22 Oct. to Thurs. 24 Oct. the BRICS Summit was expected to announce their Global Currency Reset.

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

Mon. 28 Oct. 2024 Expected Black Monday Market Crash.

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Global Currency Reset:

Judy Note: Ginger recently stated that we will be notified at the very last moment before we go to our exchanges. All prior protocols have been mostly scraped. (It was suspected because greedy creatures infiltrated the system and devised some devious plot). The bottom line: wait patiently until an official notification.

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Tues. 22 Oct. 2024 Bruce:

Everything we are hearing is pointing to this going right away- even this evening

I received information that F&P – the Farm Claims and Native American claims will be paid out tonight and tomorrow and hearing that happens and then we GO

Bond Holders are going to receive their notifications at approximately the same time as us – then they’ll put in their codes and they will have a pre-designated amount from a year ago for the first 60 days.

When redeeming Zim the amount in the QFS can move up to 1.6B into each LLC to last for 60 days and after that we can do whatever we need to do with what remains in the QFS.

You can have up to three different banks to hold accounts for you.

Interest rates – that’s the amount that we are going to be paid in the bank accounts – NOT THE QFS WHICH IS NON INTEREST BEARING. The Banks will pay us interest. We have the ability to gain between 5% – 8 and quarter percent – now if you have a load of Zim – the lower this rate will be.

They want us to go as many years as possible on our Zim payout to see the full fruition of our projects.

At least three separate sources including a member of the US Treasury have said we would be notified and exchanged either Tuesday, Wednesday or Thursday and this is definitely the week.

Things are happening today and tonight including all those claims being paid overnight.

The increase in SS payment to 62 and older you’ll receive that in November.

MedBeds will be available this coming Saturday 26 Oct. and if we hold Zim we’ll be given priority.

~~~~~~~~~~

Tues. 22 Oct. 2024 Mike Bara: I know for a fact (not hearsay) of TWO whales who were called to Zurich on Sunday night to cash-in on their bonds. One of them who was to check in has now gone completely silent (NDA).

Tues. 22 Oct. 202 Banker: “RV between now and the 25th med beds come online on the 25th. 26th and 27th Nesara Gesara.”

A Whistleblower from Greece states that the Bank of Greece had a whole floor that they used to keep their documentation. That floor has been emptied and became the Treasury. Now it’s filled with pallets (each one of them about 110 to 115 kilos) with printed NEW DRACHMAS (the new currency) it was the currency that Greece used to have, but now was likely gold backed.

Read full post here:  https://dinarchronicles.com/2024/10/23/restored-republic-via-a-gcr-update-as-of-october-23-2024/

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

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

Mnt Goat  We must remember that the RV is not an event by itself that will just happen someday but it is a byproduct of the reforms...It can not happen without the reforms and one of the reforms (besides all the banking, insurance and stock market reforms) is the currency reform. The Project to Delete the Zeros will begin the final stage...if these strategies are completed the likelihood of seeing the IQD on FOREX again is extremely high. I believe it is inevitable...When it is time, it will be on FOREX and with the kind of rate we all anticipate. Today the IQD rate in the Quantum Financial System (QFS) is $3.96. When they decide to allow the IQD back on the exchanges, the rate will be mapped over to the exchanges from the QFS.

Frank26    I'm using Chase.  There are many other banks you can use that exchange foreign currency, it's not just Chase.  I use Chase because...their partner JP Morgan.  You see Chase Bank is not going to exchange the currency for you.  No, they don't have that type of capital.  Their partners JP Morgan will exchange the Iraqi dinar for you...

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Banks And Credit Card Companies Will Now STOP Lending, Customers Are SHOCKED

Atlantis Report:  10-23-2024

A lawsuit against major credit card companies, like Visa and Mastercard, has sent shockwaves through the financial industry. Interchange fees, which are transaction charges merchants must pay every time a customer uses a credit or debit card, have been a contentious issue in the retail industry.

Retailers have argued that these fees are excessively high, unfair, and ultimately passed on to consumers through higher prices for goods and services.

The lawsuit aimed at resolving a long-standing dispute over swipe fees charged to retailers has far-reaching consequences for consumers and businesses.

https://www.youtube.com/watch?v=1ENc-eeZqaw

LIVE! The IMF WARNS Of "Potential BIG Upcoming" Stock Market DROP. Why Say This Now?

Greg Mannarino:  10-22-2024

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

“Tidbits From TNT” Wednesday Morning 10-23-2024

TNT:

Tishwash:  Removing zeros and revaluing the Iraqi dinar

Ali Daadoush

The concepts and scientific names in economics differ according to the specialization and the branches derived from it. When talking about the exact specialization, economic variables must be named by their scientific names. One of these names is the term redenomination, or as it is called (removing zeros from the currency). Countries usually resort to it to address rampant inflation and the decline in the value of the local currency, as the old currency is replaced with a new currency at a fixed price by removing at least 3 zeros from the old currency.

Currency revaluation becomes necessary when it comes to hyperinflation because it takes a very large number of old banknotes to facilitate trade, especially in local markets, and small banknotes become useless, as an individual needs millions of banknotes to buy simple or necessary household or food needs, an example of this is what happened in 2006 when Zimbabwe renamed its currency at a rate of (1000 old Zimbabwe dollars) for a new Zimbabwe dollar.

In addition, deleting zeros from a currency can also happen when a country joins a monetary union, as happened in the eurozone, and begins using a currency like the euro instead of its local currency. When the euro was introduced in 1999, member states first used the new currency for electronic payments and accounting, then switched from their local banknotes and coins to the euro in 2002.

There are several reasons behind renaming the currency (removing zeros), and they can be summarized as (controlling inflation, facilitating trade and the economy, political factors such as a change in government, for example, in addition to technical considerations such as updating financial systems, which are usually part of a larger project to update the country’s financial systems, such as converting to new digital systems for dealing with the currency).

From what has been mentioned, we find that (deleting zeros) is not carried out randomly, but rather is implemented after a comprehensive study of the economy and the challenges it faces, and it must be accompanied by other economic and financial measures to protect the economy from financial fluctuations. Therefore, renaming the currency is a complex decision that requires a comprehensive study of the economy and politics in the country, and it must be implemented while minimizing the potential negative effects on the economy and citizens.   link

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Tishwash:  Three Obstacles to Iraq's Accession to BRICS

Professor of International Economics, Nawar Al-Saadi, revealed today, Tuesday (October 22, 2024), the reasons for Iraq not joining the BRICS group.

Al-Saadi told Baghdad Today, “Iraq has not joined the BRICS group yet for several reasons related to the current economic and political situation, in addition to the fact that Iraq does not meet the conditions for joining, the most prominent of which is that it be among the major economies in the region.

However, Iraq’s economy is primarily rentier and depends solely on oil exports as a primary source of income, which makes its economy less diversified compared to the group’s founding countries such as China and India.”

He added: "The second important question is that Iraq should have absolute financial sovereignty over its economy, and not as it is now, where it is subject to the rules and conditions of the US Federal Reserve in granting financial shares ."

“Iraq’s trade relations with some BRICS members, such as Brazil and South Africa, are not strong enough to support it in this direction. In addition, Iraqi foreign policy is still balanced between competing global powers, including the United States, which is cautiously looking at BRICS expansion and its geopolitical influence,” he said, noting that “in the future, these dynamics may change, especially if economic diversification is enhanced, internal political stability is achieved, and absolute financial sovereignty is achieved.”

He noted that "if Iraq joins, it may benefit from expanding opportunities for economic cooperation with countries such as China and Russia, including investments in infrastructure and non-oil sectors, which may help reduce dependence on oil and diversify sources of income ."

The professor of international economics concluded his statement by pointing out that “there are some potential harms to Iraq joining BRICS and entering a bloc that challenges Western hegemony, especially the United States, which may lead to diplomatic or economic tensions with the West, which negatively affects Iraq’s current trade and political relations with Western countries. Also, dealing with some of the founding countries of BRICS, such as Russia, which faces international sanctions, may put Iraq in sensitive positions on the international scene.”

BRICS is a group of nine countries: Saudi Arabia, Russia, China, South Africa, India, Brazil, the UAE, Iran and Egypt

The number of members of the bloc, which focuses on economics before politics, has increased and seeks to break Western "hegemony" over the international system, but many factors make this a long and thorny path, according to experts.

Russia, the group's founding state and embroiled in a brutal war with Ukraine, is hosting more than 20 leaders at the annual summit, setting an ambitious agenda, most notably "dedollarization" and alternative financial mechanisms.  link

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Tishwash: Report: Iraq has concluded an important agreement that consolidates its strategic role and international status

 A Western website reported that Iraq has concluded an "important" agreement to enhance its position in regional trade, noting that it consolidates its strategic role as a transit center and supports the vision of expanding non-oil sectors. 

The "RO" website stated in a report translated by "Mill" that "Iraq, after joining the International Road Transport Agreement, is now ready to strengthen its position in regional trade after signing an important customs agreement." 

He added, "The Republic of Iraq has achieved a major milestone by signing the guarantee agreement between the General Authority of Customs and the National Association for International Land Transport," indicating that "this agreement paves the way for the implementation of the United Nations System for International Land Transport in Iraq." 

He stressed that "the international road transport system significantly reduces border waiting times by enabling goods to be shipped from the country of origin to the country of destination in closed loading compartments controlled by customs through a multilateral and mutually recognized system." 

He explained that "international road transport allows trucks to cross borders efficiently and safely without having to wait for hours and days on end, and provides a financial guarantee managed by the International Road Transport Union to pay customs duties and taxes." 

He pointed out that "Iraq's accession to the International Land Transport Agreement consolidates its strategic role as a transit center and supports the country's economic vision to expand its non-oil sectors." 

“The TIR system, globally recognised for its 75 years of high safety standards and efficiency, is rapidly expanding in the Middle East, from Oman and the UAE to Saudi Arabia and, most recently, Qatar, where TIR is already reducing border crossing times by up to 92% and costs by 50% while boosting trade in the region,” he explained.   link

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Mot: Don't Kid Yourself - the Trees Know!!! – siigghhhhhh

Mot:  . Hall🎃ween will s🎃🎃n be here! 

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

Good Evening Dinar Recaps,

BRICS DE-DOLLARIZATION BEGINS: 40 COUNTRIES TO ATTEND 2024 SUMMIT

The de-dollarization initiative is no longer confined to BRICS as other emerging economies are participating in the discussions at the 2024 summit.

The outreach session will be conducted on the last day of the summit on October 24, 2024. Topics such as de-dollarization, new trade policies, and the usage of local currencies will take center stage. The nine-member alliance will meet for the first time at the table for discussions after the expansion last year.

Russian President Vladimir Putin confirmed that officials from 40 countries will attend the outreach session at the BRICS 2024 summit. The participants include countries from the Commonwealth of Independent States (CIS), Asia, Africa, Eastern Europe, South America, and the Middle East. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade.

“On the last day of the summit, there will be a meeting in the BRICS Plus/Outreach format with the participation of representatives from almost 40 countries,” he said.

 The BRICS outreach will highlight the importance of de-dollarization and the need to end reliance on the US dollar. Representatives from various international organizations will also attend the outreach session of the BRICS 2024 summit.

BRICS Strengthens the De-Dollarization Agenda at the 2024 Summit
The BRICS alliance is strengthening the de-dollarization agenda at the 2024 summit by convincing developing countries to end dependency on the US dollar. The move will bolster the native economies of developing countries and safeguard their local currencies and businesses.

The New Development Bank (NDB), commonly called the BRICS Bank will also provide loans to developing nations for infrastructural developments. The loans worth mi-*llions or billions will be disbursed in local currencies and sideline the US dollar in all transactions.

Therefore, the BRICS 2024 summit will see the de-dollarization agenda take a new course globally.

@ Newshounds News™

Source:  Watcher Guru

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ELMNTS LAUNCHES TOKENIZED INVESTMENT PLATFORM ON SOLANA, BACKED BY OIL AND GAS ROYALTIES

Elmnts' public beta introduces a compliant platform for tokenizing real-world assets, allowing investors to access oil and gas royalties through blockchain technology. Expansion into retail offerings planned for the future.

Elmnts, a blockchain-based platform focused on tokenizing investment funds backed by mineral rights royalties, has officially entered its public beta. Built on the Solana blockchain, Elmnts enables accredited investors to access investment opportunities in oil and gas royalties through a legally compliant and user-friendly platform.

The launch marks a significant step toward bringing institutional credibility to tokenized assets. Investors can review opportunities, qualify for investments, and track their portfolios all in one place, offering a streamlined experience without the complexities associated with traditional cryptocurrency platforms. Each investment fund is backed by real-world assets—income from mineral rights royalties derived from companies extracting oil and gas from land owned by the fund.

Elmnts' platform combines familiar financial frameworks with blockchain technology, providing institutional and high-net-worth investors with secure, regulated access to high-yield assets. 

"Our mission at Elmnts is to use blockchain technology to bring liquidity and access to high-yielding but otherwise illiquid and low-access assets," said James Pacheco, Chief Product Officer at Elmnts, in a company press release.

"This public beta marks a significant step in legitimizing tokenized investments and paving the way for future retail offerings."

Elmnts is positioning itself for future growth, with plans to extend its offerings to retail investors while maintaining regulatory compliance.

This development follows the company's $2 million pre-seed raise in August 2024, which was backed by notable investors, including Solana co-founders Raj Gokal and Anatoly Yakovenko and other prominent figures in the blockchain space. The funds will be used to expand the platform and further disrupt the traditional commodities investment market.

@ Newshounds News™

Source:  Solana Floor

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We are sending Okie a care package with some good nutritious food to replace the microwave meals he has been eating. If you would like to help Okie, he really appreciated the food sent in the past and will again. He has only asked for prayers. Thank you for your kindness.

Go to the Seeds of Wisdom Team Website - Scroll down the home page to see the many ways you can Donate to help Okie.

@ Newshounds News™

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30M METAMASK USERS CAN NOW ACCESS XRP LEDGER🌱  |  Youtube

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Source:  Seeds of Wisdom Team RV Currency Facts

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