Gold Telegraph: Conversations with Judy Shelton, Part 1

Gold Telegraph: Conversations with Judy Shelton, Part 1

Nov. 3, 2024

 “I want the United States to be the leader if there’s any kind of gold backing to a currency.” – @judyshel

Economic advisor to former President Donald Trump, Judy Shelton, joins me for a captivating conversation spanning a wide range of subjects.

Judy Shelton is a Senior Fellow at the Independent Institute and author of the book Good as Gold: How to Unleash the Power of Sound Money.

She is the former Chairman of the National Endowment for Democracy and former U.S. Director of the European Bank for Reconstruction and Development. She has testified before the U.S. Senate Banking, Senate Foreign Relations, House Banking, House Foreign Affairs, and Joint Economic Committee.

In our conversation, we explore a series of compelling topics, highlighted by Judy’s riveting career stories, including her interactions with figures like Alan Greenspan, Paul Volcker, and other influential central bankers.

One of the most powerful revelations she shared was Paul Volcker’s frank admission: he had always believed the United States would eventually return to the Bretton Woods system.

For those unfamiliar, Volcker was referencing the pivotal moment known as the Nixon Shock in 1971, when President Nixon abruptly suspended the U.S. dollar’s convertibility into gold, shattering the foundation of the Bretton Woods system.

At that historic moment in history, Volcker served as the Under Secretary of the Treasury for International Monetary Affairs.

This marked the transition to a pure fiat monetary system.

We get into a wide-ranging conversation that covers many topics, which include:

• The US Dollar
• The U.S. National Debt as a Security Threat
• Federal Reserve’s Role in America’s debt and Financial Instability
• Historical Perspectives on Monetary Policy
• Potential Return to a Gold-Backed System
• Comparisons Between Soviet Central Planning and Current Economic Policies
• BRICS Countries and Global Financial Shifts
• Treasury Bond Backed by Gold and the Potential for Gold Backed Stablecoins
+ much more.

I hope you all enjoy this conversation, and a big thank you to @judyshel for joining me for our first Gold Telegraph conversation.

TIMESTAMPS:

0:49 – How much does the US dollar’s global dominance depend on the upcoming election?

2:08 – Is debt a threat to U.S. national security?

3:20 – How responsible is the Federal Reserve for America’s current debt level?

7:54 – How has the Federal Reserve contributed to the financial instability we face today?

13:22 – How do you see today’s shifting global landscape, given your deep background in historical analysis?

19:46 – Are we on the verge of another major global monetary shift, and what might it look like?

29:13 – Was there a specific moment or event early in your career that sparked your interest in the study of gold?

34:09 – Memorable stories from your conversations with Alan Greenspan, Paul Volcker and Robert Mandel

39:22 – How do you define sound money?

46:14 – How interconnected are sound money, economic opportunity, stability, and global peace, especially in today’s polarized world?

49:51 – Why do you think so many policymakers dismiss and mock gold, even as global demand is at records and central banks are stockpiling?

54:13 – How does the Fed’s dual mandate open it to political vulnerabilities, and could a rules-based system address these issues?

59:37 – How does the Fed’s centralized control over interest rates affect what is supposed to be a market-based economy?

1:02:48 – Are central banks aggressive policies eroding or undermining capitalism and the concept of free markets?

1:06:23 – Are BRICS nations positioning gold to become a unit of account and medium of exchange, potentially bypassing the traditional financial system?

1:09:38 – Could imposing tariffs on countries that move away from the dollar actually help America maintain its financial muscle?

1:14:47 – What gives you hope for potential reforms that could create a monetary system supporting economic freedom and stability for everyone?

1:16:58 – Could we potentially see you in the next administration advocating for these policies?

https://twitter.com/i/status/1853109702248280206

Source(s):   https://x.com/GoldTelegraph_/status/1853109702248280206

https://dinarchronicles.com/2024/11/03/gold-telegraph-conversations-with-judy-shelton-part-1/

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Gold Telegraph: Judy Shelton Says Debt is a National Security Threat

In my conversation with Judy Shelton, I asked whether debt poses a national security threat to the United States.

She responded, “It is a national security threat, and this has been developing over a long time…”

Watch the entire conversation, here:

The United States Treasury is spending roughly 3% of GDP on interest payments for the national debt, marking the highest ratio since 1996.

The national debt is now nearly $36 trillion.

Do people actually think this can go on forever?

Source(s):
https://x.com/GoldTelegraph_/status/1853175191108477104
https://x.com/GoldTelegraph_/status/1853173647680114982

https://dinarchronicles.com/2024/11/03/gold-telegraph-judy-shelton-says-debt-is-a-national-security-threat/

Seeds of Wisdom RV and Economic Updates Monday Morning 11-4-24

Good  Morning  Dinar Recaps,

PAKISTAN MOVES TO LEGALIZE CRYPTO AS GOVERNMENT SIGNALS SHIFT IN FINANCIAL POLICY

Pakistan moves to legalize crypto as the government proposes amendments to the SBP Act, signaling a shift in its financial policy.

According to a report by The Express Tribune, the amendments would allow the SBP to issue digital currency and manage the country’s money in both physical and digital forms.

The amendments also include the proposal to grant the SBP power to conduct “central bank digital currency” business, adding that CBDCs could operate as a legal tender. Moreover, the SBP plans to establish a subsidiary to develop and operate digital payment systems, the report reads.

Historically, Pakistan’s central bank has categorized cryptocurrencies like Bitcoin (BTC) as illegal tender, issuing warnings about the associated risks. The central bank specifically highlighted the lack of legal protections for financial losses resulting from the high volatility of cryptocurrencies.

The proposed amendments introduce penalties for the unauthorized issuance of digital currencies, imposing fines equal to twice the value of any illegal currency created, per the report.

While no specific timeline has been announced for federal cabinet approval of the amendments, these changes could shift the narrative toward regulatory oversight and the integration of digital currencies into Pakistan’s financial framework. The amendments would also expand the SBP board’s authority, enabling it to approve a wider range of financial reports and enhance governance processes.

@ Newshounds News™

Source:  Crypto News

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KRAKEN LAUNCHES LICENSED CRYPTO DERIVATIVES IN AUSTRALIA

Kraken expands into Australia’s crypto derivatives market with a regulated broker service for wholesale investors.

Kraken, a centralized cryptocurrency exchange, introduced a licensed brokerage service in Australia targeting wholesale clients and designed to meet the needs of institutional and large-scale investors.

The new service offers Australian clients crypto-based derivatives trading, a financial product tied to cryptocurrency prices without requiring direct ownership of digital assets.

Eligible clients have been able to trade crypto-based derivatives via Kraken’s platform since Nov. 3. Interested clients can apply or check their eligibility for the service through the Kraken Pro app.

The launch of Kraken’s new Australian-targeted broker service demonstrates the exchange’s move toward regulatory compliance, preparing it to handle potential institutional liquidity inflows.

New service offering details
Kraken’s new product, available through its Australian financial services-licensed broker, allows clients to access multiple crypto options with multi-collateral support.

The suite of derivatives includes features like collateral flexibility, supporting fiat, stablecoins and other cryptocurrencies, while offering risk management tools and trading strategies designed to enhance asset security.

Despite the new service’s potential advantages, Kraken warned investors of the high risks associated with some crypto derivatives in which losses can “substantially” exceed initial investments.

Kraken commitment to compliance
The exchange’s expansion into the Australian wholesale derivatives market is the latest step in aligning with local regulatory requirements.

In the launch announcement, Jonathan Miller, Kraken’s general manager for Australia, said that Australian wholesale clients are seeking an option “to execute advanced trading strategies using a licensed broker.”

Miller added that the country has been a “cornerstone” of the exchange’s global operation and expressed Kraken’s commitment to regulatory compliance while unlocking “institutional demand for crypto assets.”

Kraken to launch Ink blockchain in 2025
Kraken’s plans to launch its own blockchain in early 2025, dubbed “Ink,” were revealed in a Bloomberg report in Oct 24..
The report said that the new blockchain aims to allow users to trade, borrow and lend tokens without intermediaries while simplifying the decentralized finance (DeFi) process.

Ink signals Kraken’s step away from its current position in crypto and toward Web3 and decentralization principles as it bids to make DeFi more accessible and cost-effective for users.

@ Newshounds News™

Source:  CoinTelegraph

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🌱 WARREN BUFFETT PREFERS CASH AND WHY  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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Americans Lose Billions To Online Scams

Americans Lose Billions To Online Scams

Kenneth Niemeyer  Mon, November 4, 2024  Business Insider

Banks and the federal government point fingers as Americans lose billions to online scams.  The American Bankers Association is urging federal action on online financial fraud.  Banks are facing increased liability for scams, with $10 billion in losses reported last year.

ABA's proposed measures include a national strategy, new federal offices, and updated fraud laws.

Remember the Spider-Man meme where he points at himself? Banks and the federal government are in a similar situation, pointing to each other to solve the problem of online financial scams.

For its part, the government wants banks to take on more responsibility, and more consistently refund their customers who fall victim to online scams. Banks, on the other hand, want the government to do more to prevent those scams in the first place.

The problem is real. Almost 1 in 3 Americans have been the victim of a scam in the past year, with an average loss of $1,600 a person, according to a study from IPX, a financial analysis firm.

According to the Federal Trade Commission, consumers reported more than $10 billion in losses last year from online scams. The agency's data also showed that consumers using payment apps reported losing $210 million.

It's also a major headache for the banks.

American Bankers Association CEO Rob Nichols called for the federal government to create a national scam prevention strategy last week. Nichols also said that Congress should "create and fund" an Office of Scam and Fraud Prevention while speaking to bankers at the association's annual convention in October.

"The scale of fraud taking place every day is a massive burden for our country and for the millions of hardworking women and men whose lives are affected by it," Nichols said at the convention, according to Forbes. "It will take a united effort — with support from both inside and outside the banking industry — to win this fight."

The government, meanwhile, has repeatedly called on financial institutions to improve compensation for victims who lose money to scams.

In August, the Consumer Financial Protection Bureau launched an investigation into JP Morgan, Bank of America, and Wells Fargo, all part owners of Zelle.

TO READ MORE:  https://www.yahoo.com/finance/news/banks-federal-government-point-fingers-061424300.html

“Bits and Pieces” in Dinarland Monday AM 11-4-2024

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. 4 Nov. 2024

Compiled Mon. 4 Nov. 2024 12:01 am EST by Judy Byington

Be Ready, Prepared, Expectant
Expect Chaos on Election Day Tues. 5 Nov. 2024:
National Guard Deployed To Major Cities, Fencing Surrounds US Capitol, White House
Meanwhile, Global Currency Reset Tier4b Has Been Activated in a new Gold/asset-backed Global Financial System Designed To Defund The Bad Guys

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

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Possible Timing:

Wed. 30 Oct. 2024: Tier4b funds (allegedly)  released in Brazil.

Also on Fri. 1 Nov. 2024 Texas, the possible site of the new US Republic Capitol, transferred it’s money into gold-backed currency.

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The below were rumored dates which were subject to change (anything could happen):

Tues. 5 Nov. 2024 Cyber Attack, election results, change of President, get 800s

Thurs. 7 Nov. 2024 begin scheduling Tier4b (us, the Internet Group) appointments

Tues. 12 Nov. 2024 begin Tier4b appointments

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Global Currency Reset:

Sun. 3 Nov. 2024 Wolverine: “I can tell you with 100% assurance that things are moving. This is our week. One of the seven big leaders of this movement told me this morning that it was happening this week, probably at least by Friday 8 Nov. 2024.”

Sun. 3 Nov. 2024 MarkZ: “A source in the Middle East says that Sudani just said that the currency transition should be completed by Victory Day Tues. 10 Dec. 2024. This means that things will be going very soon if it is to be completed by then.” … “A bank employee said that they had been signing a lot of NDAs, all of the employees were under a gag order and couldn’t talk about (Nesara) and would be transitioning to a wealth management location. They also said they have completed their training, have a new Delarue Machine and the money comes out in November.”

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Global Financial Crisis:

Sun. 3 Nov. 2024: The United States Treasury is spending roughly 3% of GDP on interest payments for the national debt, marking the highest ratio since 1996. The national debt is now nearly $36 trillion.

Read full post here:  https://dinarchronicles.com/2024/11/04/restored-republic-via-a-gcr-update-as-of-november-4-2024/

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
CBI governor Alaq on television saying our foreign reserves at 140% above our current issued currency.   FRANK:  Based on those words, can you just imagine the potential of your next exchange rate?!

Militia Man  They're maintaining control of the general level of pricing, they're controlling inflation, reducing both in the management of monetary mass.  Reducing the monetary mass, what does that do?  If you take money out of the system, there's less of it...You have more value.  They're reducing the money supply.  Inflation rate was at 7.5% now it's down about half of that 3.8%.  If they reduced inflation by almost 50%, then wouldn't that likely be reasonable to presume that they reduce the monetary mass about the same amount?  It sure seems like it.

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Inflation down to 3% cool

Nader:  11-4-2024

https://www.youtube.com/watch?v=cCFjAFX7Qp0

Vince Lanci:Gold, Silver, and Tier 1 Assets Explained - Part 1

Arcadia Economics:  11-3-2024

If it's been a while since you've heard an update about how the Basel banking framework applies to the gold & silver markets, and especially if the whole concept was a little confusing the first time around, then today's show with Vince Lanci is for you!

 To find out more, click to watch this great overview of gold, silver, and tier 1 assets now!

https://www.youtube.com/watch?v=dQdBBqe0Vbc

“Tidbits From TNT” Monday Morning 11-4-2024

TNT:

Tishwash:   The Special Representative of the Secretary-General of the United Nations arrives in Najaf to meet with Mr. Sistani

 The Special Representative of the Secretary-General of the United Nations, Mohammed Al-Hassan, arrived in Najaf today, Monday, to meet with the Grand Ayatollah, Sayyid Al-Sistani.

The UN Secretary-General had earlier announced the appointment of Mohammed Al-Hassan as his new Special Representative in Iraq and Head of the United Nations Assistance Mission in Iraq (UNAMI), succeeding his former Special Representative, Jeanine Hennis-Plasschaert.  link

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Tishwash:  Extension of the legislative term of the Iraqi parliament for an additional month to pass laws

 Member of the Parliamentary Legal Committee, Mohammed Al-Khafaji, revealed on Monday that the current legislative session of the Council of Representatives ends on the 9th of this month, and that extending it for another month is subject to Article 58 of the Iraqi Constitution. 

He added in a statement to Shafaq News Agency that according to this article, the legislative term can be extended at the request of the President of the Republic, the Prime Minister, the Speaker of the House of Representatives, or 50 representatives, provided that the extension is approved by a vote of the majority of the members of the House.

Al-Khafaji explained that there is a trend to extend the legislative session from November 9 to December 9, in order to organize the work of Parliament and approve pending laws, as the past period witnessed repeated postponements in the Council’s sessions and the incomplete agenda.

Al-Khafaji pointed out that the extension will provide an additional opportunity for the government to submit the draft general budget law for 2025, which is supposed to be submitted before the end of this year. He stressed the importance of the government taking advantage of this time to avoid the delay that the budget witnessed this year. link

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Tishwash:  Al-Sudani receives a memorandum of understanding to establish a higher ministerial council between Iraq and the Netherlands

Prime Minister Mohammed Shia al-Sudani received, on Monday, a memorandum of understanding to establish a higher ministerial council between Iraq and the Netherlands for governmental cooperation in all fields.

Al-Sudani's office stated in a statement received by Shafaq News Agency that the latter received the new Dutch Ambassador to Iraq, Janet Alberda, and congratulated her on assuming her duties in Iraq, stressing the importance of strengthening bilateral relations in various fields, and working to develop them, in a way that achieves mutual benefit and common interests.

Al-Sudani received a draft memorandum of understanding to establish the Supreme Ministerial Council between the governments of Iraq and the Netherlands, for the purpose of working on ministerial cooperation in all fields, in addition to discussing the issue of the withdrawal of the coalition and entering into bilateral relations between the two countries.

During the meeting, the situation and developments in Lebanon and Gaza were discussed, and the importance of seeking to stop the war and deliver relief supplies to the affected areas and those afflicted by the aggression was emphasized  link

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Tishwash:  Prime Minister: The necessity of strengthening Iraq's position to be at the forefront of the region's countries in the technological aspect

Prime Minister Mohammed Shia al-Sudani stressed, on Sunday, the necessity of strengthening Iraq's position to be at the forefront of the countries of the region in the technological aspect.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani chaired the second meeting of the Supreme Committee for Artificial Intelligence."

He added that "Al-Sudani listened, at the beginning of the meeting, to the government plans related to developing aspects related to artificial intelligence for employees, educational and educational sectors, and the agriculture and water resources sector, in addition to reviewing the legislative policy; in order to prepare a draft law regulating the work of artificial intelligence applications."

He continued that "Al-Sudani reviewed the details and proposals related to introducing the subject of computers and artificial intelligence into the curricula of the Ministry of Education in the next academic year, stressing the need for every school to have a smart screen and an internet connection to establish a special laboratory for artificial intelligence, stressing the need to strengthen Iraq's position to be at the forefront of the countries of the region in the technological aspect, with its various capabilities and potentials in this field."

He explained that "Al-Sudani agreed to launch an initiative aimed at attracting competencies from abroad in the public and private sectors, including leaders and employees, by training 100 digital leaders as a first stage, and informing them of the latest experiences in this field, under the supervision of international experts, in order to create and implement policies in order to raise the quality of services provided to citizens." link

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Mot: Remember when no one ever said… “Where’s my phone”!   

Mot: . Every Year bout This Time! - Where is My Catalog   

More News, Rumors and Opinions Sunday AM 11-3—2024

KTFA:

Clare:  Governor of the Central Bank of Iraq meets with employees of the Erbil branch

November 03, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, visited the bank's branch in Erbil.

His Excellency the Governor inspected some departments in the branch building, where he was briefed on the progress of their work and the achievements of the branch.

His Excellency the Governor directed the need for cooperation and work on stimulating financial policies to advance the banking sector and the services provided by banks to citizens, in addition to making observations on the need to intensify efforts to enhance the capabilities of banking work.

His Excellency urged the branch employees to provide the best banking services to the residents of the geographical area supervised by the branch, directing the need to strengthen the supervisory and regulatory position of the Central Bank over banks operating in the Kurdistan Region of Iraq.

Central Bank of Iraq
Media Office
November 3, 2024  LINK

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Henig:  Sudani and Mashhadani stress the importance of cooperation between the legislative and executive authorities

Political |   06:12 - 03/11/2024 Mawazine News - Baghdad Prime Minister Mohammed Shia al-Sudani and Parliament Speaker Mahmoud al-Mashhadani stressed on Sunday the importance of cooperation between the legislative and executive authorities.

According to a statement by his office received by "Mawazine News", that "Prime Minister Mohamed Shia Sudani, met on Sunday, Speaker of the House of Representatives Mahmoud Al-Mashhadani." Al-Sudani extended his congratulations to Al-Mashhadani on the occasion of his election as Speaker of the House of Representatives, stressing that "the achievement of this important constitutional entitlement enhances political and social stability, and consolidates the democratic choice of all political forces."

The Prime Minister stressed "the importance of cooperation between the executive and legislative authorities, and integration in their work in order to complete the requirements of the government program, in a way that contributes to meeting the aspirations of our people in various fields."

https://www.mawazin.net/Details.aspx?jimare=256340

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Television is saying now the currency auctions were a mistake and the dinar should be link to a basket of currencies.  They say it's the best thing for our economy.  FRANK:  This monetary reform education is off the hook isn't it?!  They're telling them constantly.  It won't stop!

Nader From The Mid East  I read an article about the oil price ...Remember I told you the oil price is $70.  It's really wrong...The Chairman of the CBI comes out and says, hey, we need to change the price of oil from $70 to $40 because they know the oil can reach $50 or $60 on the prices.  In the budget if you put oil at $70, couple months from now you're losing especially when the war ends...Oil for sure going to go down.  The next step on the oil prices will be $40 in the budget.  That's very good because they know they're going to change the rate and they want oil price in the budget works with the rate.

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Wow this number are crazy looking money IQD Iraq

Nader:  11-3-2024

https://www.youtube.com/watch?v=r0Gwd_QUPLI

MARKETS A LOOK AHEAD: SOMETHING IS GOING TO BREAK...

Greg Mannarino  :  11-3-2024

https://www.youtube.com/watch?v=gafq39AdDmk

Panic Of 1907: The Stock Market Crash That Brought Us The Fed

Panic Of 1907: The Stock Market Crash That Brought Us The Fed

Catherine Brock  October 23, 2024   Yahoo Personal Finance

Crises have a way of ushering in change, especially in the realm of personal finance. Some of the worst stock market crashes in U.S. history have been followed by regulatory reform efforts to protect investors.

For example, legislators established the Securities and Exchange Commission after the crash of 1929 and passed the Dodd-Frank Act after the 2008 financial crisis.

The banking and stock market breakdown that preceded the creation of the Federal Reserve System is less well known. Called the “Panic of 1907” or the “Bankers Panic of 1907,” the crash had far-reaching consequences that influence how banks operate today. The details of the story also highlight key takeaways that can help investors manage risk.

Bankers Panic of 1907

Greed underpins many stock market scandals, and the Bankers Panic of 1907 was no exception. Under the pressures of the 1907 recession, a group of businessmen attempted to manipulate the stock price of mining company United Copper. The group consisted of three brothers — Augustus Heinze, Arthur Heinze, Otto Heinze — and an associate named Charles Morse. The four of them were majority shareholders in the copper company prior to their price manipulation scheme.

Margin Buying Gone Wrong

The Heinze brothers and Morse had financed many of their United Copper shares in a practice called buying on margin.

Buying on margin is still common today. Brokers loan money for the stock buy and then hold shares as collateral. If the shares' collective value dips too low, the broker can ask the investor to provide more funding. If the investor does not, the broker can sell the shares to pay down the loan balance. The sale creates a loss for the investor.

The Heinze brothers and Morse were facing this scenario. United Copper's share price had fallen, and they were under pressure to provide more collateral.

Failed Short Squeeze

While reviewing the United Copper holdings, Arthur Heinze determined that investors were shorting the company's stock. A short position is a bet the stock price will decline. It involves borrowing shares and selling them to someone else. The Heinze brothers believed their United Copper shares were being lent without their knowledge.

Otto Heinze formulated a plan. He would buy up available shares of United Copper to drive the price higher. The higher price would force short sellers to close their positions — which they could only do by purchasing shares on the open market. Heinze would sell them the shares and use the proceeds to repay the margin loans.

Unfortunately for the U.S. economy, Heinze was wrong. He drove up the price of United Copper with excessive purchases, but the expected demand from short sellers did not materialize. With no buyers for his shares, Otto refused to pay his broker for the trades.

The broker, Gross & Kleeberg, sold the shares at a loss, and the price of United Copper crashed. Gross & Kleeberg subsequently shut down and Otto Heinze was banned from trading.

A Complex Web Of Influence And The Financial Aftermath

TO READ MORE: https://finance.yahoo.com/personal-finance/panic-of-1907-stock-market-crash-that-brought-us-the-fed-213058656.html

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 11-3-24

Good Afternoon Dinar Recaps,

XRP LEDGER MAKES MAJOR LEAP FOR INSTITUTIONAL-GRADE DEFI AS THIS FEATURE LAUNCHES

According to an exciting announcement by the RippleX official X account, the XRPL oracle pricing amendment is now live. This amendment adds a "Price Oracle" feature to XRP Ledger, as defined in the XLS-47 specification. The XRPL price oracle is intended to store pricing information about asset pairs that exist outside of XRP Ledger, allowing smart contracts that rely on XRP Ledger to use this information.

A blockchain oracle is a system in which a service feeds information to the blockchain about the outside world, which may subsequently be accessed by decentralized apps (dApps) that run primarily on or with the blockchain.

Oracles provide a secure and efficient means of bringing real-world data onto a given blockchain system for smart contract use. This is particularly critical for institutional DeFi, which is central to XRPL.

XRPL’s Oracle is protocol-native, which means that it is built into the network itself and not a Layer 2, similar to XRPL’s AMM.

External oracles such as Band Protocol and DIA, which are currently integrated into XRPL, will also be able to connect and provide price feed data.

With the new XRPL price oracle and integrations with Band Protocol and DIA, XRPL's native oracles will be able to offer real-time data for key DeFi features like the AMM and lending protocols.

This represents a significant step forward for institutional-grade DeFi. The XRPL DID amendment went live last week, marking yet another significant milestone for XRP Ledger. DID is a unique, user-owned identifier that is not controlled by any central authority.

Use cases for XRP price oracle
Many upcoming XRPL protocols will require oracles, such as the XRPL Lending Protocol for lending rates and liquidation management, as well as the XRPL AMM and DEX for determining asset prices across all Web2 and Web3 marketplaces. The XRPL EVM Sidechain will also need it to support EVM smart contracts and quick data syncs between the mainnet and sidechain.

Tokenized assets would also require an XRP price oracle. In February, Ripple and Zoniqx announced a partnership that will bring Zoniqx's asset tokenization infrastructure to XRP Ledger. This would require that the prices of real-world assets be streamed on-chain in real time.

@ Newshounds News™

Source:  U Today

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CARDANO COMMUNITY DIVIDED ON CHARLES HOSKINSON’S ROLE AS BLOCKCHAIN EMBRACES DECENTRALIZATION

▪️Cardano has launched Node 10.11, a significant update that supports the Chang 2 hard fork.

▪️This upgrade empowers ADA holders and encourages active participation in Cardano's governance.

▪️Meanwhile, the Cardano community is divided on the role of the blockchain network's founder, Hoskinson.

Cardano has introduced Node 10.11, marking a major leap in the network’s journey toward decentralized governance.

On November 1, Intersect MBO, a Cardano-led member organization, launched Node 10.11 as the first mainnet release to support the Chang #2 inter-era hard fork. This upgrade transitions the network from its initial technical bootstrapping phase into a fully on-chain governance model.

Cardano’s Governance Evolution Continues with Chang #2
Node 10.11 includes features designed to empower governance within the Cardano ecosystem. 

Stake Pool Operators (SPOs) can now delegate their votes to preset options, and Delegated Representatives (DReps) gain an auto-abstain feature.

The update also enhances Cardano’s ledger, command-line interface (CLI), API, and networking code, creating a more robust foundation for governance and user interaction.

Intersect highlights the Chang 2 upgrade as the completion of Cardano’s move to fully on-chain governance, an evolution from the initial bootstrap model introduced in the first Chang upgrade.

This shift allows ADA holders—who since the Chang 1 update on September 1, have been able to delegate governance responsibilities to DReps or represent themselves—to play a more active role in the network’s decision-making processes.

Under the new Chang 2 framework, ADA holders must delegate to a DRep to withdraw staking rewards, although rewards will continue to accrue regardless of delegation status. Withdrawals will be possible only after delegating to a DRep or selecting the auto-abstain or no-confidence options. 

This would encourage active participation in Cardano’s governance structure as it moves closer to its decentralized vision.

“Following a successful Chang #2 hard fork, decisions on the Cardano blockchain will be shaped and voted on via fully decentralized governance, as detailed in CIP-1694,” Intersect stated.

Meanwhile, as Cardano enters this new phase, its founder, Charles Hoskinson, has engaged the community in a unique way. Following some recent public criticism, Hoskinson launched a poll on X (formerly Twitter) asking, “Is Charles Hoskinson a cancer for Cardano?”

As of now, the vote is nearly split, with the “no” responses holding a narrow majority at 51% to 49%. However, the poll has sparked diverse reactions across the community. Some prominent ADA supporters have defended Hoskinson and suggested the poll results might be influenced by bots or external factors.

Indeed, with six days remaining, the poll reflects the community’s mixed perspectives on Hoskinson’s role and influence within Cardano.

@ Newshounds News™

Source:  Be In Crypto

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🌱 LAYERS OF THE GLOBAL CURRENCY RESET & REVALUATION: WHAT YOU NEED TO KNOW!  |  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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BRICS Unit Backed by Gold to Shutdown US Financial Control

BRICS Unit Backed by Gold to Shutdown US Financial Control

Sean Foo:  11-2-2024

In a time of unprecedented financial evolution, today’s conversation between Sean Foo and Andy Schectman offers deep insights into the growing influence of BRICS nations (Brazil, Russia, India, China, and South Africa) and their potential to disrupt the Western-dominated financial landscape.

 As globalization reshapes the way economies interact, the global South is pivoting to establish a more autonomous payment platform, directly challenging the traditional supremacy of the US dollar.

The implications of these developments cannot be overstated, especially with the prospect of a new monetary unit that could be backed by gold.

BRICS has long been considered a coalition with aspirations extending beyond mere economic cooperation. As its members account for a significant portion of the world’s population and economic output, BRICS aims not just to enhance trade among its members but also to create an alternative financial ecosystem.

The recent push to develop a payment platform allows these nations to bypass Western-controlled payment systems, fostering greater financial autonomy and efficiency.

The establishment of an independent payments platform by the global South marks a pivotal shift in global trade dynamics. By creating a robust infrastructure for monetary transactions that does not rely on traditional Western mechanisms—like the SWIFT system—nations within BRICS and beyond can enhance their economic sovereignty.

This move is essential as countries increasingly seek to insulate themselves from external economic pressures and sanctions often wielded by Western powers.

In the discussion, Sean Foo and Andy Schectman emphasize the potential economic advantages of this platform. Nations within the alliance can expect reduced transaction costs, improved efficiency, and the opportunity to expand trade relations without the constraints imposed by Western financial institutions. Moreover, this initiative aligns with the broader geopolitical strategy of asserting financial independence and fostering regional ties.

Yet, the most compelling aspect of this conversation is the prospect of a new monetary unit, potentially backed by gold. As Andy Schectman points out, this represents a significant challenge to the existing Western financial systems. A gold-backed currency brings historic worth and inherent value, essentially revitalizing a time-tested standard that offers a hedge against inflation and currency devaluation.

The introduction of a gold-backed monetary unit would serve to stabilize currencies of the BRICS nations, potentially attracting other countries disillusioned with the volatility of the US dollar. It’s a strategic move that could reshape global power dynamics, leading to a shift away from a singular reliance on the dollar and creating a multipolar financial world.

The implications of these developments could be profound for the Western financial system. If countries are able to transact in an alternative currency that is stable and dependable, it undermines the dollar’s role as the world’s reserve currency. Given that the US and, by extension, its allies have relied heavily on dollar dominance to impose financial sanctions and leverage economic power, the emergence of a gold-backed unit poses a direct challenge to their authority.

As global economic interdependence shifts, we may witness a recalibration of how financial transactions are conducted, which could lead to greater economic resilience among nations within the BRICS framework.

In their timely discussion, Sean Foo and Andy Schectman shed light on the transformative journey of the global South as it seeks financial independence and reshapes the existing monetary order. The establishment of a payments platform among BRICS nations and the viability of a gold-backed currency highlight a strategic pivot that could disrupt the hegemony of the US dollar.

As we move into an era characterized by economic uncertainty and geopolitical tension, keeping an eye on the developments among BRICS nations is more essential than ever.

This emerging financial landscape may not only redefine trade relations but also signify a broader shift toward a multipolar world. The unfolding narrative of finance in the 21st century is far from complete, and the outcomes of these transformative changes will undoubtedly echo in global markets for years to come.

https://youtu.be/6eUca44ILm8

US Debt Default Inevitable, Only One Way to Stop it

US Debt Default Inevitable, Only One Way to Stop it

David Lin:  11-3-2024

In the ever-evolving landscape of the U.S. economy, one topic looms over discussions like a dark cloud: the potential for a debt default. According to John Deaton, Managing Partner of Deaton Law Firm and Senate Candidate for Massachusetts, this scenario is not only possible—it’s becoming increasingly inevitable unless decisive action is taken.

In a recent conversation with financial journalist David Lin, Deaton outlined the gravity of the situation and proposed solutions to avoid what could be one of the most significant financial crises in American history.

To fully grasp the seriousness of the impending default, we must first understand what the debt ceiling is and why it poses such a threat. The debt ceiling refers to the maximum amount of money that the U.S. Treasury can borrow to cover expenses that Congress has already approved. When this limit is reached, the government must either raise the ceiling or face the consequences of not being able to fund its obligations.

In recent years, political gridlock has made raising the debt ceiling a contentious issue. As the national debt climbs over $31 trillion, each new debate about raising the ceiling seems to bring us closer to the brink of default. According to Deaton, the stakes have never been higher; the nation faces the painful prospect of a fallout that could affect not only the economy but the lives of millions of Americans.

A U.S. debt default would send shockwaves through the global economy, destabilizing financial markets and eroding trust in America’s creditworthiness. The domino effect could cause interest rates to spike, investments to plummet, and create uncertainty in households and businesses alike.

Deaton points out that a default would not only harm economic growth but also impact critical programs like Social Security and Medicare. With so many lives at stake, the question arises: how do we avoid such a catastrophic scenario?

According to Deaton, the route to averting a debt default lies in bipartisan cooperation and fiscal responsibility. Leaders from both sides of the aisle must recognize that putting politics aside in favor of a long-term solution is essential. The U.S. government must adopt a more disciplined approach to budgeting, focusing not just on cutting spending but also on finding new sources of revenue.

Additionally, Deaton emphasizes the importance of restructuring how we think about the national debt. Instead of viewing it solely as a burden, he advocates for strategies that leverage the debt to stimulate economic growth. This includes investment in infrastructure, technology, and education, which could ultimately yield higher returns for the country.

To truly address the looming crisis, Deaton believes we need a paradigm shift in how we approach fiscal policy. This requires transparency in government spending and a commitment to addressing the root causes of our national debt. Politicians must be held accountable for their decisions, and the public must become more engaged in the conversation around economic policy.

The potential for a U.S. debt default is a pressing issue that cannot be ignored. As John Deaton eloquently pointed out in his discussion with David Lin, the only way to stop this impending crisis is through bipartisan leadership and a commitment to fostering a robust economy.

By rethinking our approach to national debt and focusing on long-term growth, we can safeguard the future of the American economy and avoid the disastrous consequences of default.

The time for action is now. It’s up to our leaders and citizens alike to advocate for responsible fiscal policies to ensure that the U.S. remains a pillar of economic stability on the global stage.

The road ahead may be challenging, but with collective effort and sound decision-making, it is one we can travel together.

https://youtu.be/WOSd6Qwa4JM

News, Rumors and Opinions Sunday 11-3-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 3 Nov. 2024

Compiled Sun. 3 Nov. 2024 12:01 am EST by Judy Byington

Judy Note:

On Fri. 1 Nov. 2024 the state of Texas was (allegedly) set up as home to the new Quantum Financial System for the new US Republic, with their currency being gold-backed US Treasury Notes. Texas has (allegedly) applied to be a part of BRICS.

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

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Global Currency Reset:

Sat. 2 Nov. 2024 Wolverine: “I’ve just spoken to a high up contact. It’s defiantly here. There’s no doubt about it. It’s here.”

Sat. 2 Nov. 2024: Word via a banker from the higher ups is that an announcement will be made shortly after Tues. results is that in addition to the President, many changes will be following shortly. We will be getting the 800 numbers and begin scheduling appointments toward the end of the week, with those appointments (general public?) to be made around Tues. 12 Nov. 2024.

Sat. 2 Nov. 2024: Breaking! The BRICS Alliance, NESARA GESARA, Quantum Financial System (QFS) and Q Phones: The Deep State’s Greatest Fear Realized! – amg-news.com – American Media Group

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Global Financial Crisis:

Sat. 2 Nov. 2024 Banking Crash has begun. Oklahoma Bank shut it’s doors. https://x.com/therealkiyosaki/status/1852696565313605691?s=46

Sat. 2 Nov. 2024 EBS, Ten Days of Communication Darkness …Patrick B. Kennedy on Telegram

The E B S is going to air playing an 8 hour video. It will be replaying 3 times a day for 10 days Communication Darkness. During those 10 Days of Communication Darkness the following things will happen.

People are urged to stock up on at least three weeks of food and water. Be prepared with food, water, toilet paper, generators etc. for this great awakening reveal.

We are promised the new Star-link Internet System by the end of the month.

We will have new currency called the USN US NOTE and gold backed.

The time is now to alert as many who will listen. Do not have too much pride. Go warn those you love even though they think you’re crazy. Your goal for others is truly to help absorb the shock of what is coming.

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Sat. 2 Nov. 2024 The 30+1 Primary Provisions of NESARA GESARA: The Ultimate Blueprint for Global Transformation …David Wilcock on Telegram

1. Debt Forgiveness: All bank-related debts, including credit cards, mortgages, and loans caused by illigal banking practices, will be eliminated. This financial “jubilee” will free people from oppressive financial institutions.

2. Termination of the IRS: The IRS will be permanently shut down, and its employees will be reassigned to the new Treasury-based tax collection system.

3. Abolishment of Income Tax: Income taxes, including taxes on investments and retirement accounts, will be completely removed, as they were unconstitutionally imposed.

4. Flat-Rate Sales Tax: A 14% flat-rate sales tax will be introduced on new, non-essential goods (excluding food, medicine, and used items) to fund government operations, ensuring a fairer and more transparent tax system.

5. Restoration of Financial Privacy: New systems will be implemented to protect financial privacy, ending widespread data theft and hacking.

6. Re-indexing of Precious Metals: Gold, silver, and other precious metals will be re-indexed within 30 days of NESARA’s completion, stabilizing the economy.

7. Federal Reserve Phase-Out: The Federal Reserve will be dissolved over the course of a year, transitioning all monetary control to the U.S. Treasury.

8. Banking Reform: Banks will face new limits on rates and fees, while citizens gain stronger custody rights over their funds. Banks will be phased out over 3-5 years post-NESARA.

9. Boost to Senior Citizens’ Benefits: NESARA will increase benefits for senior citizens, ensuring financial support during their later years.

10. Global Peace Initiatives: The U.S. will cease all aggressive military actions, focusing on peaceful diplomatic relations worldwide.

11. QFS (Quantum Financial System): Most NESARA-related exchanges of foreign currency and bonds will be securely stored in blockchain accounts via the Quantum Financial System.

12. Humanitarian Project Funding: Large-scale funding will be provided for domestic and global humanitarian projects, allowing for widespread societal improvements.

13. Redemption of Currencies and Bonds: Individuals will have the opportunity to redeem or exchange their foreign currencies and ZIM bonds at specific rates for personal use and humanitarian projects.

14. Reclamation of Stolen Assets: Assets stolen by corrupt institutions, including the Federal Reserve and Wall Street, will be reclaimed and restored to rightful owners.

15. Return to Constitutional Law: NESARA will restore Constitutional Law within the U.S. legal system, eliminating unconstitutional practices.

16. Reinstatement of the Title of Nobility Amendment: Americans under foreign influence or control will lose their citizenship and be deported to prevent foreign interference in domestic affairs.

17. New Elections: Immediate Presidential and Congressional elections will be held within 120 days of NESARA’s announcement, wiping the slate clean of previous corrupt regimes.

18. New QFS Voting System: A revolutionary voting system based on the Quantum Financial System (QFS) will replace the current election system. Only those who have participated in NESARA benefits will be eligible voters.

19. Release of Suppressed Technologies: Over 6,000 hidden patents for advanced technologies, including free energy and medical cures, will be made public.

20. Privatization of the U.S. Postal Service: The USPS will be privatized to streamline operations and improve efficiency.

Read full post here:  https://dinarchronicles.com/2024/11/03/restored-republic-via-a-gcr-update-as-of-november-3-2024/

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

Militia Man  The Forex markets are really liquid markets.  Iraq is going to have a relationship with that in a not too distant future.

Frank26  Money exchange buildings...there's 100's of them inside of Iraq...And there's hundreds of them outside of Iraq...There are exchange centers and there are private banks that represent the CBI all over the world...

Walkingstick  IMO what's going on with these bank centers, this is another reason why they are sending the citizens of Iraq to these centers right now, in order to learn how to use these currency exchange centers.  Brilliant.  

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Urgent News from Iraq Air Defense System CBI and Development Road Project Update

Edu Matrix:  11-3-2024

In this urgent update, we bring you the latest developments on Iraq's Air Defense System, critical news from the Central Bank of Iraq (CBI), and important insights into the Development Road Project.

Get the most recent information on Iraq’s strategic defense upgrades and the implications these moves might have on Iraq’s economy, infrastructure, and the future of the Iraqi Dinar (IQD) rate.

https://www.youtube.com/watch?v=RwU3yotUQ3M

Seeds of Wisdom RV and Economic Updates Sunday Morning 11-3-24

Good  Morning  Dinar Recaps,

COINBASE EXPANDS CFTC-REGULATED FUTURES WITH SILVER AND STELLAR (XLM) CONTRACTS

▪️Coinbase recently announced the launch of futures contracts for silver (SLR) and stellar lumens (XLM) through its Coinbase derivatives exchange.

▪️Coinbase’s futures contracts for these assets align with its mission to offer secure, accessible and regulated financial products.

Coinbase Derivatives’ primary goal in launching new cryptocurrency futures contracts is to create markets that offer retail traders diversification, price discovery, risk management and margin.

It has taken a significant step toward its goals with the launch of new futures contracts for silver (SLR) and Stellar (XLM).

These join the list of products already regulated by the CFTC, which includes LTC, DOGE, SHIB, AVAX, DOT, LINK, Gold, BTC, ETH, BCH and Oil. In its official account X announced that the contracts will be launched on November 11, 2024.

Coinbase Derivatives is a Commodity Futures Trading Commission (CFTC) registered contract marketplace that allows users to trade and hedge the price of digital assets. 

Derivatives are contracts that derive their value from an underlying asset or commodity, allowing you to gain exposure to an underlying asset without buying it.

The impact of Coinbase’s silver futures and XLMs
Coinbase’s official statement suggests that by combining traditional commodities such as Silver with cryptocurrencies such as Stellar, they aim to create a more comprehensive trading platform.

This approach aims to diversify opportunities, allowing investors to manage risk across different asset classes. The futures contracts they offer support effective pricing, meaning they help establish fair market prices and allow traders to respond with confidence to market changes.

The Stellar and Silver contracts are designed to increase market accessibility and are structured for retail trading with smaller contract sizes. 

Specifically, each Silver contract represents 50 troy ounces, while each Stellar Lumens contract is 5,000 tokens. With the introduction of these retail-sized contracts, Coinbase aims to encourage broader participation among retail traders who may be looking for affordable ways to enter the futures markets.

With silver being a new tradable asset for Coinbase, it reflects a push into the commodity markets. Silver futures offer users a means of hedging against inflation or other economic changes, as silver remains a traditionally stable asset in times of market volatility.

On the other hand, XLM is a decentralized open source network that allows for low-cost cross-border transactions between any cryptocurrency pair.

In addition, Stellar has a decentralized exchange (DEX) that allows users to trade assets on the network. In addition to its low-cost trading capabilities, Stellar uses a unique system, the Stellar Consensus Protocol (SCP), to process transactions faster and more reliably than many traditional networks.

In other developments, CNF reported that Robinhood announced its support for Stellar on its official X account on October 23. This allows EU users to deposit and withdraw XLM on the Robinhood app.

This is an important move for Robinhood and XLM, as flexibility in handling the currency can benefit both ecosystems. Despite a 1.94% drop in XLM’s price to $0.0914 in the last 24 hours, trading volume increased 10.74% to $54.29 million, indicating continued investor interest in XLM’s various use cases.

@ Newshounds News™

Source:  Crypto News Flash

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METAMASK DEV CONSENSYS: SEC CLAIMS UNSUPPORTED IN LAW

Ethereum infrastructure developer Consensys has filed its response to the U.S. Securities and Exchange Commission’s claims of federal securities law violations, adding to its lawsuits against the agency.

The SEC previously accused Consensys’ crypto wallet, MetaMask, of operating as an unregistered broker and securities issuer.

Consensys fully refuted the SEC’s allegations, criticizing the agency and its chair, Gary Gensler, for what it described as an unconstitutional attack on the decentralized finance ecosystem. Its court-submitted reply reaffirmed its stance and dissatisfaction with the SEC’s lawsuit.

This action is just the latest step in the SEC’s recent campaign to seize control over the future of blockchains and cryptocurrency, one of the fastest-growing and most innovative technologies in the world… The SEC’s attempt to impose its regulatory authority on this technology and insert itself into this crypto architecture is unsupported in the law — its claims must fail.

Consensys response to SEC suit

Before becoming the subject of an SEC probe, Lubin’s firm had sued the SEC over its Ethereum investigation. Agency prosecutors closed the inquiry and promptly filed a complaint against MetaMask’s creator. The SEC alleges that MetaMask facilitated illegal securities trading and that its staking service violated financial regulations.

Consensys countersued the regulator to determine whether the law grants the SEC regulatory oversight. Bill Hughes, a lawyer for Consensys, revealed that U.S. Judge O’Connor granted an expedited calendar for the case.

Meanwhile, CEO Joseph Lubin announced staff layoffs attributed to regulatory battles and macroeconomic factors, with Consensys reducing its workforce by 20%.

Several firms under pressure from SEC litigation may see the approaching U.S. general elections as a potential advantage. Digital asset companies have donated over $190 million to crypto-focused super PACs like Fairshake, outspending all other industries.

@ Newshounds News™

Source:  Crypto News

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🌱 WARREN BUFFETT PREFERS CASH AND WHY  | 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

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Sunday Morning 11-3-2024

TNT:

Suspended laws await Al-Mashhadani’s “hammer”... Parliament Speakerfaces “complex” files and short time

The head of the Iraqi Center for Strategic Studies, Ghazi Faisal, believed that the suspended laws and draft laws that are still in the drawers of the House of Representatives will constitute a burden on the remainder of the current session under the leadership of the new Speaker of the House of Representatives, Mahmoud Al-Mashhadani.

Faisal said in an interview with Al-Mada, “Some laws will be postponed to the next session due to the selective approach followed by parties or blocs in the House of Representatives in legislating laws.”

He stressed that "there are about 50 laws referred to in the constitutional articles, and they are extremely important laws related to the implementation of the constitution. When they are not enacted, the constitutional articles related to them remain frozen and inactive."

Dozens of laws are still pending in the halls of the House of Representatives, awaiting approval for months, and some of them have been frozen for years due to disagreements between political blocs over them or proposals to amend them.

For his part, political analyst Omar Al-Nasser said in an interview with Al-Mada, “Mashhadani will face multiple challenges, most notably unifying the Sunni ranks and unifying his discourse, in addition to dealing with the file of ministerial amendments that Al- Sudani intends to propose, which is a complex path that requires consensus between the forces and parties.”

Al-Nasser explained to Al-Mada that “Al-Mashhadani will face a number of challenges, most notably the suspended laws, the relationship between Baghdad and Erbil, and regional tensions. If he is able to deal with these files in a positive way , he may contribute to restoring confidence between the citizen and the political class.” link

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Tishwash:  Parliamentary Finance to NINA: Approval of 2025 general budget schedules after legislative recess

The Parliamentary Finance Committee revealed the date for approving the schedules of the Federal General Budget Law for the new year 2025.

Committee member, MP Moeen Al-Kazemi, stated in a statement to the National Iraqi News Agency / NINA /, that "the Council of Representatives will enter the legislative recess on the ninth of this month, and there is a trend to extend the work of the sessions for only one month, after which the schedules of the General Budget Law 2025 will be approved."

He added, "After settling the issue of electing the Speaker of Parliament, the conditions are now ready and favorable for approving the four laws: the draft amendment to the General Amnesty Law, the proposed Personal Status Law, the draft law on military service and retirement for the Mujahideen of the Popular Mobilization Forces, and the draft law to return the properties covered by the decisions of the dissolved Revolutionary Command Council to their owners."

He continued, "There is an expected ministerial change, and this places the parliamentary committees before an important and great responsibility to activate their role in following up on the work of the government. It also requires more understanding and harmony in the State Administration Coalition to approve the change of some ministers.  link

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Tishwash:  Parliamentary Investment and Development Committee calls for commitment to the “Investment Law”

The Parliamentary Investment and Development Committee called on the National Investment Commission and investment authorities in the governorates to oblige investors and developers to abide by the Investment Law, stressing the endeavor to amend its provisions to appear in the form of an integrated draft law that guarantees the investor's right and at the same time guarantees the state's right.

The committee stressed the importance of attracting real estate developers to contribute to the development of residential lands, in implementation of an item in the budget stipulating the necessity of distributing government lands after preparing them for housing. Committee member, Diaa Al-Hindi, explained in an interview with "Al-Sabah", followed by "Al-Eqtisad News", that "this item gives developers the opportunity to develop areas by paving roads and providing basic services, which makes them ready to receive residents, provided that the collection of revenues is allocated to them after the development process."

He pointed out that "current housing projects focus on building complexes that aim to achieve quick profits without paying full attention to the quality of infrastructure or services," noting that "most countries in the world are currently moving towards resorting to real estate developers to ensure an appropriate housing level that meets the needs of citizens and achieves sustainable development."

Regarding the laws that the Parliamentary Investment Committee is working on, Al-Hindi revealed that the committee has completed the “Industrial Investment” law, which is now ready for a vote in Parliament, and has also completed discussing the “Investment Law Amendment” to present it as an integrated project that supports investment efforts in the country and encourages attracting local and international investors.

In turn, committee member Susan Mansour said, “The investment law exists and is legislated, and although it is relatively solid, some of its provisions are elastic and need to be amended, as it is one of the most important laws, especially at this stage when Iraq needs to open up to the economic world,” indicating that “the investment law is the tool that properly regulates the investment process in the country  link

She added, “Most investors do not adhere to the current investment law, calling on the National Investment Commission to adhere to the standards of the law and implement its provisions on investors in a real manner, so that investment in Iraq can rise and become an attractive international environment for investment.”

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Mot.. Extra Sleep there is -- unless ---

Mot: Gunna be Interesting I Thinks!!!!  Crazy week

Mot: ...... Getting Ready she is!!!  Daylight saving time doing nothing