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Dinar Recaps 20 11/22/24 Dinar Recaps 20 11/22/24

2024

MarkZ, Dr. Scott Young, and Zester on the Bitcoin act. 11/22/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

MZ: This is a recorded video from this week on an interesting, proposed law that may give us an idea as to how the new financial system may work.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

MarkZ, Dr. Scott Young, and Zester on the Bitcoin act. 11/22/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

MZ: This is a recorded video from this week on an interesting, proposed law that may give us an idea as to how the new financial system may work.

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube: https://www.youtube.com/watch?v=fzrW-0kutSQ

Dinar Recaps 20 11/22/24 Dinar Recaps 20 11/22/24

More News, Rumors and Opinions Friday PM 11-22-2024

KTFA:

Clare: Al-Sudani directs census teams to complete their mission tomorrow, Friday

11/21/2024

Prime Minister Mohammed Shia Al-Sudani directed the census teams working on implementing the general population and housing census throughout Iraq to complete the census process tomorrow, Friday.

A statement from Al-Sudani's office stated that the latter urged all citizens to show full cooperation with the mobile teams and provide correct information in order to make this important development experiment a success, on which all service and economic sectors and development efforts depend.LINK

KTFA:

Clare: Al-Sudani directs census teams to complete their mission tomorrow, Friday

11/21/2024

Prime Minister Mohammed Shia Al-Sudani directed the census teams working on implementing the general population and housing census throughout Iraq to complete the census process tomorrow, Friday.

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Clare: Dollar-Dinar Exchange Rate Gap: Causes and Treatments

Dr. Haitham Hamid Mutlaq Al Mansour 11/22/2024

Iraq relies in its monetary policy to monitor the change in the value of its dinar against the dollar on a fixed exchange rate peg system. The overall policy aims to reduce the gap between the official and actual exchange rates and stabilize it close to the target exchange rate, curbing inflation, stimulating markets, commercial, financial and investment transactions, and stimulating growth

. Therefore, reducing the exchange gap at the target exchange rate level is one of the prominent issues facing the economic policy maker in Iraq in order to limit the major repercussions that go beyond the economic scope and crystallize significantly in the social stability of the country.

This gap becomes more evident through the variation in the dollar exchange rates and the fluctuation of the real value of the dinar. Either positively, it generates revenue, or negatively, it generates additional costs that cause repercussions on purchasing power without taking individuals and economic units into account, negatively affecting local and foreign savings and investment. The more the gap varies, the greater the economic cost of investment and the higher the levels of inflation, which increases the suffering of the limited-income family sector.

It has become known that the size of the Iraqi economy's GDP depends very heavily on the oil dollar, which is the main source of the Ministry of Finance's resources, instead of the non-oil dollar, which is called the non-oil export dollar, which has very low flexibility, resulting in a sharp decline in credit deposits in the accounts of traders exporting goods in Iraqi banks in exporting countries.

This dependence exposes the exchange gap to fluctuations in the global oil market. When global oil prices rise, we witness a decrease in the exchange gap due to the increase in the supply of the dollar, while in contrast, during periods of economic recession or when oil prices fall, the gap increases significantly when the government is unable to provide an adequate supply of dollars in the official window for buying and selling dollars. In such cases, traders are forced to search for alternatives through the parallel market, which exacerbates price pressures on the weakest groups.

Referring to the reasons that widened the exchange gap, they are multiple. In addition to what was mentioned above, the reasons can be traced according to the axis of indirect reasons that are linked to the country's trade policy and the problems of border crossings related to dollar smuggling, including those related to activating the role of crossings as an authentic source of revenue. There are also indirect reasons that have a political and security nature and medium- and long-term repercussions on the movement of money and investment.

While economic and monetary reasons stand out at the forefront of direct or technical reasons, some of them are related to the nature of the banking system and the extent of its credit capacity and the level of banking compliance with the monetary and credit conditions of the Federal Reserve, which affects the levels of supply of the petrodollar.

Therefore, we find that many international banks refuse to work as correspondent banks due to the low credit rating of our banking system as a result of smuggling operations, money laundering and sanctions that affect a third of Iraqi banks. Therefore, we find that they do not stand up in this regard, except for banks that have external partnerships with Arab banking capital. They derive international acceptance from the quality of the credit rating of those countries, which facilitates the process of opening accounts with correspondent banks. Therefore, there is fear that pressures on the dollar exchange rate will increase, widening the gap.

It is also noted that among the technical reasons that led to the widening of the gap are the successive changes in the official exchange rate threshold taken by successive government administrations. The gap witnessed a transition at the end of 2020 from the stable situation in which the gap between the official exchange rate of 0.118 dinars per dollar and the actual exchange rate of 1,200 dinars narrowed, to raise the threshold in 2021 to 1,450 due to the decision of the Central Bank at the time. Then the threshold rose this time after the Council of Ministers approved in February 2023 the decision of the Board of Directors of the Central Bank of Iraq to amend the official exchange rate of the dollar against the dinar, to the threshold of 1,300 dinars per dollar.

By following the parallel dollar exchange rate in November of this year 2024, we find that it has reached the limits of 1500 dinars per dollar and exceeded it, and that the Central Bank’s selling price for cash dollars, transfers, documentary credits, and international settlements for electronic cards is at the threshold of 1300 dinars per dollar. Therefore, it is concluded that the gap in the dollar exchange rate against the dinar is still widening despite the pressures of the Federal Reserve and the Central Bank’s efforts towards compliance.

Therefore, dealing with the gap between official and actual spending should require comprehensive, integrated policies that target technical and non-technical treatments within medium- and long-term planning, the most important of which are:

Reforming the structure of the banking system, developing its efficiency, and raising the levels of its credit capacity and the flexibility of its banking compliance.

Developing tools for targeting inflation and exchange rates, which would help reduce the exchange gap and achieve price stability.

Implementing solid reforms in the financial and monetary sectors to enhance the flexibility of banking performance in accordance with the SWIFT global financial settlement system.

Coordination between fiscal and monetary policies to achieve the target exchange rate by rationalizing government spending and tightening control over the money supply.

Economic policy should enhance transparency in all financial and banking operations, by implementing clear and strict control systems to contain opportunities for corruption and exploitation of the exchange gap.

Deepening the mechanisms of border control and combating administrative corruption to increase total revenue.

Government authorities must maintain and enhance security and political stability to contribute to building confidence between local and foreign investors on the one hand and the investment environment on the other, which will stimulate further stability and growth.

Formulating an economic policy that targets technical solutions to expand the non-oil production base, and serious planning on how to diversify sources of income for the overall economy. The path of developing the agricultural and industrial sectors will be the decisive factor in reducing imports and stimulating the growth of fixed capital accumulation for the private sector. Hence, the demand for the dollar for consumer import purposes will decrease. LINK

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

Nader From The Mid East They been talking about the exchange rate every day almost to get it better and better. I think it's going to happen soon...I think it's coming. I'm just going like this with my hands [rubbing them back in forth in anticipation.]

Militia Man Article: "IMF: Arab country confirms commitment to flexible exchange rate" Quote: "The International Monetary Fund (IMF) mission that visited Egypt announced that the Central Bank has confirmed its commitment to maintaining a flexible exchange rate regime, in order to protect the Egyptian economy from external shocks." ...Flexible exchange rate...is one that is determined by market forces of supply and demand in the foreign exchange market. The IMF suggesting shocks to come is likely a heads up that change is coming. Let's hope that change to come is for Iraq's exchange rate...

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

Is the US Debt Crisis Fueling Gold's Rise? Feat Schectman, Hemke, and Kientz - LFTV Ep 200

Kinesis Money: 11-22-2024

In this milestone 200th episode of Live from the Vault, Andrew Maguire is joined by Andy Schectman, Craig Hemke, and Rob Kientz for an in-depth roundtable on how rising interest rates and speculative trading are shaking up gold and silver prices.

The panel explores the implications of these market dynamics and highlights global economic challenges, such as the growing US debt and inflation, urging the importance of holding precious metals as a safeguard against financial uncertainty.

Check out our amazing guests:

Timestamps:

00:00 Start

02:40 Introduction of panel: Andy Schectman, Craig Hemke, and Rob Kientz

03:40 The potential impact of Trump’s victory on the gold market

22:25 Expert insights on the possibly incoming revaluation of gold

39:50 The future of money: it’s already unfolding

46:20 Key concerns in politics and monetary policy

57:20 Dislocations between bonds, the dollar, and gold

https://www.youtube.com/watch?v=KXwhLW7Ezl0

DINARRECAPS8 11/22/24 DINARRECAPS8 11/22/24

Seeds of Wisdom RV and Economic Updates Friday Afternoon 11-22-24

Good Afternoon Dinar Recaps,

BRICS: WHY 2025 COULD BE THE END OF ITS DE-DOLLARIZATION EFFORTS

Despite being the BRICS focus over the last two years, 2025 could mark the end of the alliance’s de-dollarization efforts. Although the bloc has sought increased financial prominence, it has yet to truly strike at international Western hegemony.

With President-elect Donald Trump set to take over the White House in the coming years, his relationship with Russia’s Vladimir Putin could orchestrate a massive shift in perspective for the group. Since Trump won the 2024 election, Putin has already assured he is no longer interested in abandoning the US dollar.

Good Afternoon Dinar Recaps,

That year marked the start of Russia’s invasion of Ukraine. Moreover, it forced the hand of the West, with the United States moving to sanction the country in response to its military advancement.

With that being more than two years ago now, things have changed. The invasion sparked increased cooperation with the global South BRICS alliance. Specifically, Russia sought to forge plans to lessen international reliance on the US dollar. Effectively, he struck back against the West in any way he could.

Yet, things have changed. Specifically, Trump is back in office, and the sentiment from the Russian president has shifted greatly. More importantly, things for the BRICS bloc could be set to change, as 2025 could be the end of its ongoing de-dollarization efforts.

A Reuters report notes that Putin has expressed a willingness to sit down with Donald Trump and discuss ending the ongoing war in Ukraine. Although he has extensive conditions, his openness for a ceasefire is progress nonetheless.

Moreover, that comes as he already denounced a desire to truly abandon the US dollar after Trump was elected as the incumbent US President.

Trump has been outspoken about his stance regarding de-dollarization. Just as certain, the 45th president has been vocal about his belief in his own capacity to end the Ukraine war. Those two things could create a perfect storm that only hinders the nations that put their faith in BRICS de-dollarization.

It is not out of the realm of possibility to see an increase in Russian and US cooperation. That is especially true amid Trump’s return. Such an action would threaten its advances on the US dollar. More importantly, it could ensure Trump gets what he wants, assuring the greenback’s position atop global economics.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

SEC COMMISSIONER JAIME LIZÁRRAGA TO STEP DOWN IN JANUARY

The U.S. Securities and Exchange Commission will see yet another exit in January after Commissioner Jaime Lizárraga announced he will step down.

Bloomberg Law reports that the former congressional aide has said he will leave the agency on January 17. The announcement comes just a day after SEC Chair Gary Gensler announced his resignation effective January 20.

Lizárraga, Gensler, and Caroline Crenshaw are the three Democrat commissioners among the SEC’s five members. The two exits will leave Crenshaw, Hester Peirce, and Mark Uyeda, the latter two having dissented on various SEC decisions.

Notably, Lizárraga and Gensler will exit as Donald Trump, elected on Nov. 5, gets into office amid expectations of a pro-crypto White House. Reports that the Trump administration is eyeing a “crypto czar” have added to optimism, even as the industry debates on who would be the best pick for SEC Chair.

Lizárraga joined the SEC in 2022, with his term ending in 2027. Lizárraga faced criticism for overreach, with his corporate reporting regulations burdening small businesses. He was also criticized for the controversial policies that the market saw as prioritizing politics over investors.

He says his resignation is for family reasons.

“In reflecting on the challenges that lie ahead, we have decided that it is in the best interests of our family to close this chapter in my 34-year public service journey,” he said in a statement quoted by Bloomberg Law.

The crypto industry has largely criticized the SEC’s approach over the past four years, pointing to what many see as an anti-crypto stance. Trump has pledged to fire Gensler immediately upon taking office, vowing to end the current administration’s “war on crypto.”

@ Newshounds News™

Source: Crypto News

~~~~~~~~~

MASTERCARD INTEGRATES ITS MTN BLOCKCHAIN NETWORK WITH JP MORGAN’S KINEXYS DIGITAL PAYMENTS (JPM COIN)

Today Mastercard announced it has integrated its Multi-Token Network (MTN) for tokenized deposits and tokenized assets with Kinexys Digital Payments (formerly JPM Coin).

It allows clients of the two solutions to send payments across the networks. Both companies emphasized the benefits for cross border payments because of traditional challenges with speed, transparency and time zone differences.

Kinexys Digital Payments is designed to support clients with JP Morgan bank accounts, so it’s mainly used by corporates that want to move money between JP Morgan branches dotted around the world. MTN provides a simplified solution to enable banks to engage with tokenized deposits.

Instead of developing their own blockchain networks, it offers banks an API driven solution. Additionally, it provides interoperability with multiple blockchain networks. Kinexys is an example of one of those networks.

“For years, both Mastercard and Kinexys by J.P. Morgan have been committed to innovating for the future of digital asset and commercial infrastructure,” said Raj Dhamodharan, EVP, Blockchain and Digital Assets at Mastercard.

“By bringing together the power and connectivity of Mastercard’s MTN with Kinexys Digital Payments, we are unlocking greater speed and settlement capabilities for the entire value chain.”

Both solutions represent bank payments on a blockchain. Conventional cross border payments involve Swift messages being sent between banks, often with intermediary banks involved. The banks then move the money separately from the message. That works fine most of the time, but not always.

With blockchain-based transfers, there is no separation of the message and money movement. That avoids issues where money has departed the sender’s account but has not arrived at the recipient.

If there’s an issue with the payment, such as an AML query, then the transfer should not start until that’s resolved.

Kinexys and MTN experience
Kinexys Digital Payments are relatively mature, having launched in 2020. It now processes on average $2 billion in payments daily. Kinexys supports both Euros and Dollars, with plans to support instant FX soon. By contrast, MTN was first announced in mid 2023, and executed its first live transaction in a sandbox with Standard Chartered in May.

Both projects are explored in Ledger Insight’s new report on bank stablecoins and deposit tokens.

@ Newshounds News™

Source: Ledger Insights

~~~~~~~~~

FRIDAY NIGHT LIVE CALL

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Download the app on either your mobile phone or PC, then click the 'Join the Call ' Link above to listen and ask questions..

@ Newshounds News™

~~~~~~~~~

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Dinar Recaps 20 11/22/24 Dinar Recaps 20 11/22/24

China Japan Dump Record US Bonds: Accelerating Global Currency Reset

China Japan Dump Record US Bonds: Accelerating Global Currency Reset

Awake-In-3D November 21, 2024

As Japan and China offload U.S. Treasuries, the global currency system faces a pivotal shift that could redefine international trade and finance.

The global financial system continues its historic shift as Japan and China accelerate the Global Currency Reset with record-breaking sales of U.S. Treasuries. These unprecedented moves signal a pivotal moment in international finance, challenging the U.S. dollar’s dominance as the world’s reserve currency. By understanding the motivations behind these actions and their far-reaching consequences, we can better prepare for the financial realignments reshaping global trade and economic power.

China Japan Dump Record US Bonds: Accelerating Global Currency Reset

Awake-In-3D November 21, 2024

As Japan and China offload U.S. Treasuries, the global currency system faces a pivotal shift that could redefine international trade and finance.

The Role of Japanese and Chinese Treasury Sales in the Global Currency Reset

In the third quarter of 2024, Japan and China undertook unprecedented sell-offs of U.S. Treasury securities, amounting to $61.9 billion and $51.3 billion respectively. These significant moves, captured in data from the U.S. Department of the Treasury, highlight an evolving landscape in global finance and the increasing fragility of the U.S. dollar’s dominance. While these sales reflect immediate market concerns, such as higher yields and political uncertainty, their deeper implications signal preparation for a broader financial transformation—often referred to as the Global Currency Reset.

This article explains the motivations behind these Treasury divestitures and their potential consequences for the U.S. dollar’s status as the world’s reserve currency. I also examine how these actions serve as precursors to a realignment of currency dominance, reshaping global trade and finance.

The Drivers Behind Japan and China’s Record Treasury Sales

1. Anticipation of U.S. Inflationary Policies

The mid-2024 peak in Treasury yields—bolstered by speculation over inflationary policies—was a primary catalyst for Japan and China’s record sales. These countries perceived the fiscal policies of the U.S., including tax cuts and high tariffs, as drivers of inflation and economic uncertainty. Rising yields offered an attractive exit point for large holders of U.S. debt, particularly in an environment of growing skepticism about the long-term stability of the dollar.

2. Geopolitical Risks and Domestic Strategies

Geopolitical concerns further fueled the sell-off. China, in particular, has faced escalating tensions with the U.S., with trade disputes and competition for technological dominance at the forefront. By reducing its exposure to U.S. debt, China not only hedges against potential economic retaliation but also redirects resources to bolster its currency and diversify reserves.

Japan’s motives, while similar, are intertwined with its efforts to stabilize the yen amidst fluctuating currency markets. The Ministry of Finance’s interventions in mid-2024 to prop up the yen underscore the challenges Tokyo faces in managing exchange rates while navigating external pressures.

3. Preparing for the Global Currency Reset

Beyond short-term factors, these actions reflect a strategic pivot toward a long-term vision of global financial realignment. Both Japan and China appear to position themselves for a shift in currency dominance, a hallmark of the Global Currency Reset. This phenomenon envisions a more equitable distribution of reserve currency roles, diminishing reliance on the U.S. dollar and enhancing the prominence of alternative currencies.

Consequences for the U.S. Dollar

The mass offloading of U.S. Treasuries by two of its largest foreign creditors has profound implications for the U.S. dollar, challenging its long-held status as the backbone of the global financial system.

1. Decline in Reserve Currency Utility

Historically, the dollar’s dominance has been underpinned by trust in U.S. financial stability and the liquidity of its debt markets. The divestitures by Japan and China undermine this trust, sending a signal to other nations that diversifying away from dollar-denominated assets is prudent. As more countries follow suit, the dollar’s position as the world’s primary reserve currency declines, facilitating a transition to a multipolar currency system.

2. Increased Volatility in U.S. Debt Markets

The scale of these sales has already contributed to volatility in the Treasury market. If foreign demand for Treasuries continues to decline, the U.S. faces higher borrowing costs, further straining an already ballooning federal deficit. This self-reinforcing cycle, where higher yields make Treasuries less attractive to foreign investors, accelerates the divestment trend.

3. Acceleration of Alternative Reserve Assets

Both Japan and China have actively explored alternatives to the dollar. China, for instance, promotes the use of the yuan in international trade and expands its digital currency initiatives. Japan, while less aggressive, has shown interest in regional trade agreements that minimize reliance on the dollar. Their Treasury sales serve as a catalyst for other nations to consider similar shifts, accelerating the adoption of alternative reserve assets like gold, cryptocurrencies, or other fiat currencies.

The Role of the Global Currency Reset in Shifting Currency Dominance

The Global Currency Reset envisions a new financial order, where multiple currencies share the responsibilities traditionally held by the U.S. dollar. This scenario aligns with the actions of Japan and China, which not only reduce their reliance on the dollar but also initiate a transition toward a diversified reserve framework.

1. Rebalancing Global Power

The concentration of financial power in the U.S. has long been a point of contention among emerging economies. The Global Currency Reset addresses these imbalances by elevating the roles of regional currencies, such as the yuan, and creating mechanisms for fairer trade settlements. Japan and China’s actions represent early steps in this direction, indicating their strategic focus on leadership roles in the new system.

2. Strengthening Domestic Economies

A key tenet of the Global Currency Reset is the alignment of national economies with stronger, more stable currencies. For Japan and China, reducing exposure to U.S. debt aligns with their goals of mitigating external risks and focusing on domestic growth. This strategy also enhances their ability to manage currency valuations and support broader economic initiatives, such as China’s Belt and Road Initiative.

3. The Rise of Digital Currencies

Digital currencies play a pivotal role in the Global Currency Reset, offering an alternative to the dollar-based system. China’s digital yuan is already being tested in cross-border trade, while Japan has shown interest in developing its own digital currency. These initiatives not only reduce reliance on the dollar but also position these nations as pioneers in the next generation of global finance.

Implications for the U.S. and Global Markets

The consequences of Japan and China’s Treasury sales extend beyond the U.S. dollar, influencing global markets and shaping the strategies of other nations.

1. Pressure on U.S. Fiscal Policy

The U.S. government faces increased pressure to address its fiscal imbalances, as declining foreign demand for Treasuries raises borrowing costs. This forces policymakers to make difficult choices, such as reducing spending or increasing taxes, to stabilize the economy.

2. Opportunities for Emerging Markets

As the dollar’s dominance wanes, emerging markets benefit from a more balanced financial system. Reduced reliance on the dollar enables these countries to trade and borrow in currencies that better reflect their economic realities.

3. Increased Global Cooperation

The transition to a multipolar currency system requires unprecedented levels of international cooperation. Institutions such as the International Monetary Fund (IMF) and World Bank play crucial roles in facilitating this shift, ensuring stability during the transition period.

The Bottom Line

Japan and China’s record-breaking sales of U.S. Treasuries are more than just a reaction to market conditions—they represent a strategic shift with profound implications for the U.S. dollar and the global financial system. By reducing their exposure to dollar-denominated assets, these nations signal their intent to play pivotal roles in a future where the dollar is no longer the unrivaled global reserve currency.

This realignment, often referred to as the Global Currency Reset, reshapes the financial landscape, offering opportunities for greater equity and stability. For the U.S., however, it poses significant challenges, necessitating swift and strategic action to maintain its influence in a rapidly changing world.

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Dinar Recaps 20 11/22/24 Dinar Recaps 20 11/22/24

News, Rumors and Opinions Friday 11-22-2024

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

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

Compiled Fri. 22 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 21 Nov. 2024 Wolverine: “Get ready. It’s all about to go down. On Med Beds: you will get that information on the website where you make your appointment. If you have a medical issue and can’t make it to the Redemption Center, work it out with the person you make your appointment with. He is a Military person who is working with the Med Beds.”

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 Fri. 22 Nov. 2024

Compiled Fri. 22 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

~~~~~~~~~~

Thurs. 21 Nov. 2024 Bruce:

R&R (NESARA payments to all US citizens age thirty and older) is set to start on Thanksgiving night 28 Nov. 2024 for those not exchanging

R&R will start for Tier4b (us, the Internet Group) when we exchange

SS increases will likely start in December.

Medicare should be free under President Trump.

Two sources say we should get notified on Fri. 21 Nov.

Other sources say we should get notified over the weekend and start exchanges on Mon. 25 Nov.

Ages 30-45 will get R&R over a three year period.

Ages 45-60 will get R&R over a two year period.

Age 60 and over get R&R in a lump sum payment.

The leaders who will send emails on how to set your redemption appointments to the banks and redemption centers already have the emails to send out – which will be on Fri. 22 Nov, Sat. 23 Nov, or the first of the week.

Thurs. 21 Nov. 2024: QFS Leaks: $21 Trillion in Hidden Assets Seized – Banks Collapse as Wealth is Redistributed with Asset-Backed Currencies; Blackout Attempts Fail to Protect The Cabal’s Hidden Fortune! – Gazetteller

Read full post here: https://dinarchronicles.com/2024/11/22/restored-republic-via-a-gcr-update-as-of-november-22-2024/

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

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

Frank26 Article: "Salaries may be funded after census holiday" If so...then there is a new exchange rate. It's not just funding of the salaries, it's everything. The new exchange rate, the HCL, the salaries, everything in your budget. Nothing is being held back any longer. It's plainly there explained right there in plain sight.

Bruce [via WiserNow] ...This past Saturday and this past Sunday...They took four of our currencies, Iraqi Dinar, Vietnamese Dong, Afghanistan Afghani and the Indonesian Rupiah, those four currencies are being tested on all bank screens around the globe, and they wanted to test and make sure the rates of those were coming up the same in each country where they were showing up...the word was, they all went off without a hitch. So the system is ready.

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Gold’s Not Rising, Currencies Are Failing | David Morgan

Liberty and Finance: 11-21-2024

David Morgan delves into the recent fluctuations in the gold market, explaining how geopolitical tensions, such as the ongoing Ukraine-Russia conflict, have driven gold prices up as investors seek safe-haven assets.

Morgan touches on the potential for a gold-backed BRICS currency, warning that despite this movement, the global financial system is still largely driven by the same political forces, whether in the East or West.

Ultimately, he highlights the importance of gold as a hedge against the collapse of fiat currencies, stressing that while geopolitical events may cause short-term market fluctuations, the long-term trend remains focused on the devaluation of paper money.

INTERVIEW TIMELINE:

0:00 Intro

1:20 New Orleans conference

3:30 Gold update

5:20 Update on wars

8:55 Fiat currency failure

10:43 BRICS, another globalist entity

12:00 Freedom

17:25 Gold & silver outlook

https://www.youtube.com/watch?v=PUVmBr1WJuw

DINARRECAPS8 11/22/24 DINARRECAPS8 11/22/24

Seeds of Wisdom RV and Economic Updates Friday Morning 11-22-24

Good Morning Dinar Recaps,

CONGRESSMAN THAT LED SAB 121 HOUSE VOTE, VOWS TO OVERTURN CRYPTO CUSTODY RULE

Earlier this year, both the House and Senate voted to overturn the SEC’s SAB 121 accounting rule that prevented banks from providing crypto custody solutions. However, President Biden used his veto so the rule still stands. Mike Flood, the Congressman that led the bipartisan House vote, has vowed to work with a new SEC Chair to ditch SAB 121 for good.

However, Flood’s work wasn’t entirely wasted. The dual votes highlighted the issue that forcing banks to put assets under custody on their balance sheet is both unconventional and affects their compliance with bank balance sheet rules.

Good Morning Dinar Recaps,

CONGRESSMAN THAT LED SAB 121 HOUSE VOTE, VOWS TO OVERTURN CRYPTO CUSTODY RULE

Earlier this year, both the House and Senate voted to overturn the SEC’s SAB 121 accounting rule that prevented banks from providing crypto custody solutions. However, President Biden used his veto so the rule still stands. Mike Flood, the Congressman that led the bipartisan House vote, has vowed to work with a new SEC Chair to ditch SAB 121 for good.

However, Flood’s work wasn’t entirely wasted. The dual votes highlighted the issue that forcing banks to put assets under custody on their balance sheet is both unconventional and affects their compliance with bank balance sheet rules.

As a result, it makes it prohibitively expensive for banks to provide crypto custody and inhibits innovation on the tokenization front.

Since then, the SEC has softened its stance a little. Banks can apply for exceptions and it has granted them. That’s not a practical solution, because banks have to consult the SEC on most deals.

“SAB 121, despite widespread opposition, works effectively as a regulation even though it never went through the normal Administrative Procedures Act process required for one,” Congressman Flood wrote.

“I look forward to working with the next SEC Chair to rollback SAB 121.” He didn’t pull his punches about SEC Chair Gensler. “Whether the chair leaves on his own or President Trump delivers his famous line on January 20, 2025, there’s an incredible opportunity for the new administration to turn the page on the Gensler era.”

“It should be no surprise that Gensler opposed the digital assets regulatory framework that passed the House earlier this year on a bipartisan basis. 71 Democrats joined House Republicans to pass this common sense framework.

Even though the Democrat-led Senate has refused to take it up, it represents a breakthrough moment for cryptocurrency and is likely to inform the work of the unified Republican government as the next Congress begins in January.”

@ Newshounds News™

Source: Ledger Insights

~~~~~~~~~

CFTC COMMISSIONER URGES US CRYPTO POLICY REFORMS

The CFTC’s Summer Mersinger advocated structured crypto regulations and urged the industry to engage with the incoming US administration.

Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger discussed the need for standard US crypto-related policies through notice and comment regulation.

The United States Commodity Futures Trading Commission (CFTC) has played a role in implementing the current “regulation by enforcement” strategy alongside the Securities and Exchange Commission (SEC) under the outgoing administration, as evidenced by recent charges against Uniswap Labs.

Mersinger also said recent litigation against a decentralized autonomous organization (DAO) required the CFTC to seek a court verdict for entity classification. In this case, the CFTC wanted to classify the DAO as a corporation or association:

“I really started to get uncomfortable with this idea that we were kind of setting some sort of policy through our enforcement cases and through going to court. To me, how you’re going to treat an entity that’s a policy question.”

Need for regulated relief for the crypto industry
Mersinger said that while crypto entities, including decentralized finance (DeFi), are often charged under existing categories and expected to operate under the same laws, there is no provision for them to be officially registered. She added:

“This is really tricky settlements because the information we share publicly with our enforcement settlements really doesn’t offer a lot of guidance for anyone who’s trying to do the right thing.”

As a result, Uniswap tried to do the right thing but ended up attracting more charges, Mersinger said. Still, Uniswap settled with the CFTC for a “very small fine.”

Despite its small size compared with the other agencies such as the SEC, Mersinger said that the CFTC is the “ideal regulator for the cryptocurrency spot market” as it can implement major legislative changes fairly quickly without disruptions to the market.

New laws can help crypto companies fight wrongful litigation
Moreover, she supported the introduction of new laws and regulations for crypto firms despite her predominantly conservative stance:

“What we’re seeing right now is that without those laws, you have agencies like the Federal Communications Commission (FCC) who can come in and create chaos and bring charges where maybe it doesn’t fit.”

Mersinger also recommended that the crypto industry start engaging with the new administration as soon as its leadership has been identified. “Don’t be afraid to start knocking on doors on day one because I think it’s critical to start” the conversations early on, she said.

@ Newshounds News™

Source: CoinTelegraph

~~~~~~~~~

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🌱 THE DOLLAR GAIN MEANS WHAT? | Youtube

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Dinar Recaps 20 11/22/24 Dinar Recaps 20 11/22/24

Gold’s Surge Against Fiat Currencies as Preparation for GCR and RV

Gold’s Surge Against Fiat Currencies as Preparation for GCR and RV

Awake-In-3D November 21, 2024

The transition to a gold-backed financial system is accelerating, with gold’s surge leading the charge against weakening fiat currencies.

Gold is steadily rising as a dominant force in the global financial system, signaling transformative changes ahead. As fiat currencies falter under the weight of inflation, debt, and instability, gold’s strength is no coincidence. Gold’s surge is not just a reaction to market conditions but a clear preparation for a Global Currency Reset (GCR) and Revaluation (RV). This pivotal transition to gold-backed currencies offers a glimpse of a more stable and equitable monetary future.

Gold’s Surge Against Fiat Currencies as Preparation for GCR and RV

Awake-In-3D November 21, 2024

The transition to a gold-backed financial system is accelerating, with gold’s surge leading the charge against weakening fiat currencies.

The Historic Relationship Between Gold and Fiat Currencies

Gold has long been regarded as a universal hedge against economic turmoil. Historically, fiat currencies have operated inversely to gold; stronger fiat currencies typically suppress demand for gold, while higher Treasury yields raise the opportunity cost of holding the metal. Yet, as noted in recent market trends, this inverse relationship is breaking down. Even as the US Dollar Index ($DXY) and the 10-year Treasury yields climb, gold’s surge is defying expectations.

This resilience suggests that gold is re-establishing its role as the ultimate measure of monetary value. As fiat currencies around the globe grapple with inflation, debt burdens, and economic instability, the idea of revaluing national currencies against an asset-backed standard—where gold plays a central role—has re-emerged as a serious consideration.

Gold’s Surge is a Sign of a Global Currency Transition

Inflationary Pressures and the Role of Gold

One driving factor behind gold’s sustained strength is the market’s anticipation of rising inflation. Recent indicators, such as a 1-month annualized PCE inflation rate approaching 4%, indicate that the current wave of inflation is far from over. Traditionally, gold serves as a hedge against inflation, but in this context, gold’s surge also serves as a benchmark for the diminishing purchasing power of fiat currencies.

By maintaining its value while fiat currencies face devaluation, gold effectively re-establishes its worth relative to these currencies. This recalibration hints at an eventual restructuring of currency systems to include gold-backed currencies, a foundational component of the GCR.

Trade Wars and Global Economic Realignments

The rising tensions between the United States and China, marked by anticipated new trade tariffs, have also bolstered gold’s appeal. Trade wars destabilize fiat currencies by introducing volatility and reducing investor confidence. The last major trade conflict in 2019 caused a significant shift in global currency dynamics, and the current trajectory indicates similar disruptions.

Gold’s surge highlights its increasing role as a stabilizing asset during geopolitical disruptions. As nations consider realigning their currencies with tangible assets to protect against such volatility, gold-backed currencies become a natural choice. These dynamics echo preparations for the RV, where currencies are revalued based on tangible reserves and economic fundamentals.

US Deficit Spending and Its Implications

The United States is currently running a deficit of nearly 10% of GDP, levels not seen since the 2008 financial crisis. This surge in borrowing has flooded bond markets with supply, driving yields higher and causing uncertainty about the long-term sustainability of the dollar as the world’s reserve currency.

Gold’s concurrent rise indicates that markets are already pricing in a loss of confidence in fiat currencies tied to ballooning debt. As deficits climb and the need for monetary reform grows, gold’s surge reinforces the likelihood of a move toward gold-backed currencies. This transformation aligns with the broader goals of the GCR and RV: to stabilize global monetary systems and restore trust in the value of currencies.

Fiat Currencies Revaluing Against Gold

The current market dynamics suggest that many fiat currencies are implicitly undergoing a devaluation process relative to gold. While this shift is not yet formalized, it reflects an acknowledgment of gold’s enduring value in contrast to the declining worth of paper money. This trend is particularly evident in:

Emerging Markets: Nations with struggling currencies, such as Argentina and Turkey, have seen gold demand skyrocket as citizens seek to protect their wealth from inflation and devaluation.
Central Bank Policies: Central banks worldwide are increasing their gold reserves, a move that signals a strategic pivot toward asset-backed financial systems. Countries like Russia, China, and India have been particularly aggressive in their gold acquisitions, preparing for a potential rebalancing of the global currency hierarchy.

As these patterns unfold, fiat currencies are effectively being measured and adjusted against gold’s surge, setting the stage for an eventual revaluation within the GCR framework.

Gold’s Surge and the Path Toward Gold-Backed Currencies

The notion of asset-backed currencies, particularly those tied to gold, has gained traction in recent years. Under this system, fiat currencies derive their value from tangible reserves, providing a more stable and transparent monetary foundation. Such a shift addresses many of the systemic issues plaguing the current fiat system, including unchecked debt accumulation, inflationary pressures, and currency manipulation.

In the context of the RV, this transition recalibrates national currencies to reflect their gold and tangible asset reserves. For example:

Nations with substantial gold reserves, like the United States and China, will see their currencies strengthened.
Countries with weaker reserves may experience devaluations but gain stability through a more balanced and equitable system.

The Implications of a Gold-Backed Reset

As gold continues its historic run, its role in the global monetary system is being reconsidered. Whether through formal policy changes or implicit market adjustments, fiat currencies are realigning against gold’s surge in preparation for what could be a transformative GCR and RV.

The benefits of such a reset are manifold:

Stabilized Currency Values: Anchoring currencies to gold reduces the volatility and inflationary risks inherent in fiat systems.
Restored Global Trust: An asset-backed system enhances transparency and trust in international monetary policies.
Enhanced Economic Equilibrium: By basing currency values on tangible reserves, the global economy achieves a more equitable and sustainable balance.

The Bottom Line

The rising price of gold is more than just a reaction to market conditions; it signals deeper shifts in the global financial order. As fiat currencies lose ground to inflation, debt, and geopolitical uncertainty, gold’s surge demonstrates its position as a definitive measure of monetary value.

In the context of the GCR and RV, this trend indicates that a transition to gold-backed currencies is not just probable but imminent. The revaluation of fiat currencies against gold represents a pivotal step toward restoring stability, trust, and fairness in the global monetary system. Gold’s historic strength today is poised to redefine the financial landscape for years to come.

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

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Dinar Recaps 20 11/22/24 Dinar Recaps 20 11/22/24

“Tidbits From TNT” Friday Morning 11-22-2024

NT:

Tishwash: MP Hassan Al-Asadi brings good news to a group of those covered by Article 140

Member of Parliament Hassan Al-Asadi announced, today, Thursday (November 21, 2024), good news for a group of those covered by Article 140.

Al-Asadi said in a statement received by "Baghdad Today", "After continuous follow-up with the Committee for the Implementation of Article 140 of the Constitution of the Republic of Iraq, approval was obtained to promote the transactions of the article for those who have a receipt for the years (2018, 2019, 2020) on Sunday, corresponding to 11/24/2024, at the committee's office in the city of Nasiriyah." link

TNT:

Tishwash: MP Hassan Al-Asadi brings good news to a group of those covered by Article 140

Member of Parliament Hassan Al-Asadi announced, today, Thursday (November 21, 2024), good news for a group of those covered by Article 140.

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

Tishwash: Because it contains a political aspect.. Parliamentary Wealth: The Oil and Gas Law faces difficulties

Member of the Parliamentary Oil, Gas and Resources Committee, Ali Abdul Sattar, confirmed today, Thursday, that the Oil and Gas Law has been facing difficulties since 2008.

Abdul Sattar told Al-Maalouma Agency, “The oil and gas law faces difficulties within the House of Representatives because it contains a political aspect between the region and the center.”

He added that "the law regulates financial matters and oil management for all governorates, especially the governorates producing oil and gas," noting that "the reason for the law's suspension is that it contains points of contention with the region."

He explained that "the law is still in the government's registry and has not been sent to the House of Representatives, despite the ongoing dialogues and discussions between the Baghdad government and the regional government."

He added, "The dispute is still ongoing between Baghdad and Erbil over the oil file, and we are waiting for it to be resolved and for the law to be sent to the House of Representatives for discussion and approval." link

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

Tishwash: Economist: Government should exploit rising oil prices and implement sound financial management

An economic expert called on the government to exploit the circumstances of rising oil prices and implement sound financial management.

Rashid Al-Saadi told Al-Furat News Agency: "The rise in global oil prices is due to the impact of political circumstances. With the intensification of the Russian-Ukrainian war and the challenges facing the region, in addition to the decision of the International Criminal Court regarding Netanyahu and his Minister of War, and Israel's threats to Iraq and the pressure in the region, oil importing companies are being prompted to take precautions and be careful, and the political and security factor is the decisive and influential factor in the rise in oil prices."

He explained that "Iraq's benefit from this rise is that every dollar in which oil rises serves Iraq by no less than a billion dollars annually and strengthens its budget according to the size of its production."
Al-Saadi stressed, "The government must exploit the circumstances and the rise, because as soon as there is stability in the near or distant future, oil prices may drop significantly. This is a call for the government to manage the state's finances in a rational manner." link

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

Tishwash: Dollar-Dinar Exchange Rate Gap: Causes and Treatments

Iraq relies in its monetary policy to monitor the change in the value of its dinar against the dollar on a fixed exchange rate peg system, as the overall policy aims

to reduce the gap between the official and actual exchange rates and stabilize it close to the target exchange rate, curbing inflation, stimulating markets, commercial, financial and investment transactions, and stimulating growth.

Therefore, reducing the exchange gap at the target exchange rate level is one of the prominent issues facing the economic policy maker in Iraq in order to limit the major repercussions that go beyond the economic scope and crystallize significantly in the social stability of the country.

This gap becomes more evident through the variation in the dollar exchange rates and the fluctuation of the real value of the dinar, either positively generating revenue or negatively generating additional costs that cause repercussions on purchasing power without taking into account individuals and economic units, negatively affecting local and foreign savings and investment. The more the gap varies, the greater the economic cost of investment and the higher the levels of inflation, which increases the suffering of the limited-income family sector.

The gap witnessed a transition at the end of 2020 from the stable situation in which the gap between the official exchange rate of 0.118 dinars per dollar and the actual exchange rate of 1,200 dinars narrowed, to raise the threshold in 2021 to 1,450 due to the decision of the Central Bank at the time. Then the threshold rose this time after the Council of Ministers approved in February 2023 the decision of the Board of Directors of the Central Bank of Iraq to amend the official exchange rate of the dollar against the dinar, to the threshold of 1,300 dinars per dollar.

Reforming the structure of the banking system, developing its efficiency, and raising the levels of its credit capacity and the flexibility of its banking compliance.

Developing tools for targeting inflation and exchange rates, which would help reduce the exchange gap and achieve price stability.

Implementing solid reforms in the financial and monetary sectors to enhance the flexibility of banking performance in accordance with the SWIFT global financial settlement system.

Coordination between fiscal and monetary policies to achieve the target exchange rate by rationalizing government spending and tightening control over the money supply.

Deepening the mechanisms of border control and combating administrative corruption to increase total revenue.

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

Mot: .. Happy New Day!

Mot: .... Now I Get it!!!

DINARRECAPS8 11/21/24 DINARRECAPS8 11/21/24

Seeds of Wisdom RV and Economic Updates Thursday Evening 11-21-24

Good Evening Dinar Recaps,

INDUSTRY EXECS SEEK POSITIONS ON TRUMP’S CRYPTO ADVISORY COUNCIL

President-elect Trump promised the establishment of a strategic Bitcoin ‘stockpile’ during the Bitcoin 2024 event in Nashville Tennessee.

Industry executives are reportedly seeking a seat at President-elect Donald Trump’s highly-anticipated crypto advisory council, which will be responsible for crafting regulatory policy and expected to establish a Bitcoin strategic reserve.

According to a Reuters report, Coinbase, Ripple Labs, and venture capital firm a16z are among some of the firms looking to join the council.

Good Evening Dinar Recaps,

The council may be nestled under the White House’s National Economic Council, but this is not certain, and the council may operate as a separate, standalone entity.

Speaking at the North American Blockchain Summit on Nov. 21, Bitcoin advocate and co-founder of the Satoshi Action Fund Dennis Porter explained the importance of establishing a Bitcoin strategic reserve in the United States:

"A great way for us to protect ourselves from outside influence — undue influence from our foreign adversaries — is to be in the market buying and selling Bitcoin, acting as a shock absorber for all the incredible Bitcoin miners that we have here in this country."

Porter continued by comparing the establishment of a Bitcoin strategic reserve to the Louisiana Purchase in 1803 and the US government’s acquisition of Alaska in 1867 — a point previously stated by MicroStrategy CEO Michael Saylor.

“We bought these things for pennies on the dollar,” Porter remarked and argued that the US has the same option to do the same today by adopting Bitcoin as a reserve asset before other countries beat the US to the punch.

The race is on for a Bitcoin strategic reserve
Senator Cynthia Lummis — who introduced the Bitcoin strategic reserve bill to the Senate earlier in 2024 — recently argued that the Treasury Department should convert some of its gold to Bitcoin to seed the strategic reserve with assets.

Pro-Bitcoin investor and asset manager Anthony Pompliano also remarked that the Bitcoin race between sovereign powers is underway in a Nov. 16 appearance on Yahoo Finance, and urged the US government to “Get as much Bitcoin onto the balance sheet as possible.”

However, not all industry participants are optimistic about the Bitcoin strategic reserve being established under the incoming Trump administration.

Galaxy Digital CEO Mike Novogratz previously opined that he believes a Bitcoin strategic reserve is unlikely under a Trump administration, but also forecasted a $500,000 Bitcoin price tag if the strategic reserve is founded in the near term.

@ Newshounds News™

Source: CoinTelegraph

~~~~~~~~~

CHARLES SCHWAB TO ENTER SPOT CRYPTO MARKET ONCE REGULATIONS IMPROVE

Incoming CEO Rick Wurster emphasized readiness to capitalize on evolving regulations and anticipates significant industry impact.

Charles Schwab Corp. is gearing up for a foray into the spot crypto market, signaling a strategic pivot for the financial giant in anticipation of regulatory clarity.

Incoming CEO Rick Wurster disclosed the company’s plans during a Bloomberg Radio interview on Nov. 21, emphasizing Schwab’s readiness to capitalize on evolving regulations.

Wurster said:

“We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change. We’re getting ready for that eventuality.”

His comments mark a notable shift for Schwab, which has so far limited its crypto exposure to products like exchange-traded funds (ETFs) and futures.

VanEck’s Matthew Sigel noted that the firm’s entry would be a significant moment for the industry and highlighted Wurster’s admission of regret, who said during the interview:

“I have not bought crypto, and now I feel silly.”

Competition and timing
Schwab’s move comes as competition intensifies among retail-focused investment platforms vying for investor dollars. Rival firms like Robinhood Markets and Interactive Brokers have already integrated spot crypto trading, forcing Schwab to reassess its cautious approach.

The so-called “Trump trade,” fueled by President-elect Donald Trump’s victory and its implications for crypto-friendly policies, has further accelerated the industry’s momentum.

Schwab’s current offerings focus on crypto-linked ETFs and futures contracts, allowing clients indirect exposure to the digital asset market. However, industry observers have long speculated that the firm would eventually embrace direct trading to remain competitive.

Adding to the speculation, Sigel hinted at behind-the-scenes activity, stating that a prominent crypto asset manager recently approached Schwab to pitch a partnership.

While details remain unclear, such collaborations could provide Schwab with a quicker and less risky entry into the spot market, leveraging established expertise to navigate operational and regulatory challenges.

Broader institutional shift
Shwab’s evolving stance mirrors a broader shift in institutional attitudes toward digital assets. With regulatory clarity potentially on the horizon, major players in traditional finance are increasingly exploring direct crypto exposure.

The firm’s strategic pivot could position it as a key player in the next wave of crypto adoption, bridging the gap between traditional finance and the burgeoning digital economy.

For now, Schwab appears to be laying the groundwork, aiming to meet investor demand while mitigating risks. The timeline for its entry into spot crypto markets, however, hinges on the regulatory landscape and the firm’s ability to execute its plans effectively.

@ Newshounds News™

Source: Crypto Slate

~~~~~~~~~

🌱 SEC CHAIR GENSLER TO DEPART AGENCY ON JANUARY 20 - What it means | Youtube

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Source: Seeds of Wisdom Team RV Currency Facts

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More News, Rumors and Opinions Thursday PM 11-21-2024

KTFA:

Clare: Iraqi Parliament Speaker visits Erbil

11/21/2024

The Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, headed to Erbil, the capital of the Kurdistan Region, today, Thursday.

The media office of the Council President stated in a statement that this visit comes to attend the activities of the "Middle East Peace and Security Forum", which is one of the forums that address enhancing dialogues and discussions on challenges in the Middle East.

KTFA:

Clare: Iraqi Parliament Speaker visits Erbil

11/21/2024

The Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, headed to Erbil, the capital of the Kurdistan Region, today, Thursday.

This is Al-Mashhadani's first visit to the region since assuming his new position as Speaker of the Iraqi Parliament at the end of last October, succeeding Mohammed Al-Halbousi, who was dismissed by the judiciary, and after this position remained vacant for several months. LINK

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

Clare: Planning: Announcement of preliminary results of the general census in Iraq will be next week

11/21/2024

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said on Thursday that the ministry will announce the preliminary results of the general population census next week.

Al-Hindawi added in a special statement to Shafaq News Agency that the population census includes three stages, the first of which is the numbering and enumeration stage, which began on the first of September and ended on the 30th of October.

He added that the second stage is counting the population and recording their basic data, which takes place during the curfew on Wednesday and Thursday.

Al-Hindawi also pointed out that the third phase, which is the last, begins after the end of the second phase and continues until December 10, explaining that the third phase includes detailed data on the population, which are the social and economic characteristics of the population.

The spokesman continued by saying: The initial results will be announced after collecting and verifying the data, and this will be next week, either on Sunday or Monday, stressing that the announcement will be at an official press conference, and will include the results of the population of Iraq, the population of each governorate, the number of males and females, and age groups. LINK

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

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

Mnt Goat Article: “DELETE ZEROS AND EVALUATE THE DINAR“ this…new article…by Ali Daadoush, the Iraqi economists… is concentrating on the revaluation part giving examples of countries that recently revalued and how it worked. The part that sparked my interest the most was…quote: “After the revaluation, it was linked to a basket of global currencies.” He was referring to the Chinese government Yuan and its revaluation of its currency in 2005, which was then linked to the US dollar prior to the revaluation. However, after the revaluation, it was linked to a basket of global currencies…I believe he is telling the citizens of Iraq that this also is what will occur to the IQD when it too revalu

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy said that soon all that will be on the news from now on to educate the Iraqi citizens will be on the currency being pegged to a basket and what currency. FRANK: Dear God! …They’re already done educating you on the internal actions of lifting the three zeros. Now hey are educating you on the monetary from externally, the float, which actually has nothing to do with you Iraqi citizens…This is incredible! …It really indicates you are at the very end. It’s soon to be given to you.

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

(THE US/WORLD ECONOMIC COLLAPSE IS WORSENING FASTER). AND THERE IS NO WAY TO STOP IT!

Greg Mannarino: 11-21-2024

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

Debt-Fueled Spending Crisis: Target Sounds the Alarm

Taylor Kenny: 11-21-2024

The 2024 holiday shopping season is shaping up to be one of the worst yet. With half of Americans still carrying holiday debt from last year, the cracks in the economy are becoming more evident. In this video, Taylor Kenny dives into the rising consumer debt, retail struggles, and the alarming trends we're seeing in credit card balances, layoffs, and insider selling.

As we head into a challenging holiday season, it’s more important than ever to consider how these economic factors affect your financial future and what you can do to protect yourself.

CHAPTERS:

00:00 - Introduction: The Holiday Shopping Debacle

00:24 - Rising Holiday Debt: 46% of Americans Still Owe from Last Year

01:00 - The Impact on Retail: Target's Weak Holiday Season

02:06 - Why Consumers Are Struggling: Inflation and Budget Cuts

03:12 - Record High Credit Card Debt: $1.17 Trillion and Rising

04:16 - The Dangers of Financing Basic Living Costs

05:15 - Insider Selling: A Warning Sign from Corporate Executives

06:02 - The Layoff Crisis

07:02 - Why the Economy Isn’t as Strong as They Say

https://www.youtube.com/watch?v=BH1jhK_Pg7k

DINARRECAPS8 11/21/24 DINARRECAPS8 11/21/24

Seeds of Wisdom RV and Economic Updates Thursday Afternoon 11-21-24

Good Afternoon Dinar Recaps,

BREAKING NEWS

SEC CHAIR GENSLER TO DEPART AGENCY ON JANUARY 20

Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors.

For Immediate Release 2024-182 Washington D.C., Nov. 21, 2024 —

The Securities and Exchange Commission today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop market events.

Good Afternoon Dinar Recaps,

BREAKING NEWS

He led the agency through a robust rulemaking agenda to enhance efficiency, resiliency, and integrity in the U.S. capital markets. He also oversaw high-impact enforcement cases to hold wrongdoers accountable and return billions to harmed investors.

“The Securities and Exchange Commission is a remarkable agency,” said Chair Gensler. “The staff and the Commission are deeply mission-driven, focused on protecting investors, facilitating capital formation, and ensuring that the markets work for investors and issuers alike.

The staff comprises true public servants. It has been an honor of a lifetime to serve with them on behalf of everyday Americans and ensure that our capital markets remain the best in the world.

“I thank President Biden for entrusting me with this incredible responsibility. The SEC has met our mission and enforced the law without fear or favor. I’ve greatly enjoyed working with my fellow Commissioners, Allison Herren Lee, Elad Roisman, Hester Peirce, Caroline Crenshaw, Mark Uyeda, and Jaime Lizárraga. I also thank Congress, my colleagues across the U.S. government, and fellow regulators around the world.”

@ Newshounds

Read More: SEC

~~~~~~~~~

CFTC ADVISORY SUBCOMMITTEE RECOMMENDS TOKENIZED COLLATERAL WITH NO RULE CHANGES NEEDED

The Commodity Futures Trading Commission (CFTC) has a Global Markets Advisory Committee (GMAC) made up of industry participants. Today the subcommittee on digital assets voted in favor (27-0) of three recommendations to adopt DLT and tokenized assets as collateral for margin.

The proposals would need to be adopted by the full GMAC Committee and it’s up to the CFTC to decide whether it proceeds.

The problem addressed by tokenized collateral
Stepping back, the CFTC is the primary regulator for derivatives markets. Typically derivatives require the posting of margin to cover the risk of price swings. Initial margin is provided at the outset, with variation margin during the lifetime of the derivative.

Non cash collateral is already allowed by the CFTC but is not used much for variation margin, because moving assets involves multiple intermediaries and hence delays. Plus, assets can only be transferred during office opening hours.

By contrast, tokenized assets are directly transferrable 24/7. The ability to quickly transfer tokenized assets for use as variation margin reduces counterparty and other risks. Plus, it saves money by removing the need to liquidate assets to meet margin calls.

During market panics, the need to post additional cash margin often requires selling collateral that increases market volatility.

Collateral mobility is one of the killer apps for tokenization. Beyond the CFTC and derivatives, there are already significant industry initiatives targeting collateral mobility, including HQLAᵡ, JP Morgan’s Tokenized Collateral Network, and Broadridge’s DLR which supports repo and Treasury tokenization.

The Digital Asset subcommittee proposals
The GMAC Digital Assets Markets subcommittee believes that tokenized assets could be used for margin without the need for regulatory changes. Likewise the use of DLT as books and records (without tokenization), should also not require new legislation.

Given non cash collateral is already eligible for margin, it also doesn’t require changes in eligibility rules. Committee members also concluded that existing policies and procedures for managing risks should be sufficient to support DLT.

The assets they had in mind as collateral would be World Bank bonds, government securities, corporate debt, money market funds and gold. Current CFTC criteria for non cash collateral is that the assets are liquid, hold value and lack correlation to counterparty or portfolio risks.

The Global Head of DTCC Digital Assets, Nadine Chakar, commented that “This is an opportunity for us to be able to increase the velocity of collateral in the marketplace without any changes to rules and guidance.”

DRW has been operating a significant digital asset business for years. DRW’s Chris Zuehlke said it has seen the benefits of the ability to move assets in real time 24/7 in practice. He said the company has a different view on risk where there’s a bank wire involved versus real time settlement with a DLT-based asset.

“We often times feel much more confident in our risk management processes when we know we can have a 24/7 real time settlement capability with these counterparties,” said Mr Zuehlke.

“I think that will transfer very directly to the collateral management side for derivatives based businesses under the CFTC’s purview. And I’m really excited to see that evolution take place.”

The risk of not proceeding
Christopher Perkins from Coinfund is another subcommittee member strongly in favor. He spent a large part of his career at Citi, latterly as Global Co-Head, Futures, Clearing and FX Prime Brokerage.

There’s been much criticism about a lack of technology neutrality with DLT, with extra hurdles often put in place. He argued for the reverse: that market participants should be incentivized to move to tokenized collateral.

He considers the level of ongoing Herstatt risk in the marketplace as too high. “The risk here is being able to tolerate the very inefficient settlement processes today,” said Mr Perkins. “We’re living in a world now where it takes days to settle Yen. Completely unacceptable.” He advocated for using stablecoins for variation margin.

The potential figures involved are massive. Exchange traded derivatives are small fry compared to over the counter (OTC). Global exchange traded derivatives have a notional open interest of $88 trillion versus $742 trillion for OTC. To put that in context, global stock markets total $124 trillion.

Even if the full GMAC committee proposes to advance the recommendation, the CFTC might be slow to adopt. During today’s meeting, Commissioner Pham noted that the CFTC has not yet implemented a recommendation from November 2023. That one aimed to harmonize rules relating to money market funds as eligible collateral.

@ Newshounds News™

Source: Ledger Insights

~~~~~~~~~

🌱JUDICIAL NAME - LEGAL NAME - MAINTAINING SOVEREIGNTY #CONSTITUTION #SOVEREIGNTY | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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China Sell 44% of US Treasury, will US Economy Collapse?

China Sell 44% of US Treasury, will US Economy Collapse?

Fastepo: 11-20-2024

Recently, news broke that China has sold approximately 44% of its holdings in US Treasury securities, sending ripples through financial markets and sparking a wave of speculation. For years, China has been one of the largest holders of US debt, with its purchases often seen as a sign of confidence in the US economy.

The sudden divestment raises questions about potential impacts on the US economy as well as the broader geopolitical implications. Let’s explore what this development means and whether it could lead to a collapse of the US economy.

China Sell 44% of US Treasury, will US Economy Collapse?

Fastepo: 11-20-2024

Before diving into the implications of China’s actions, it’s important to understand what US Treasury securities are. These are government bonds issued by the US Department of the Treasury to finance government spending. They are considered one of the safest investments due to the stability and creditworthiness of the US government. Investors, including foreign countries like China, purchase these securities as a way to earn interest while also holding assets perceived as low-risk.

While the sale of US Treasuries may sound alarming, declaring that the US economy will collapse is an overstatement. Here are several factors to consider:

When a major holder like China sells a significant portion of its Treasuries, it can lead to an increase in interest rates. Higher interest rates could make borrowing more expensive for consumers and businesses, possibly slowing down economic growth. However, the US economy is more resilient than ever, with a diverse financial market that allows for adjustments.

The US Treasury market is highly liquid and extends beyond foreign governments. American investors, pension funds, and other international buyers can step in to absorb any sell-off. The US dollar remains the world’s dominant reserve currency, and demand for safe assets is unlikely to evaporate entirely, even with China’s reduced involvement.

Economic interdependence means that both the US and China are invested in a stable global economy. A drastic destabilization of the US economy would have severe repercussions for economies worldwide, including China’s. This mutual reliance can lead to more cautious strategies from major global players.

Investor sentiment is also influenced by geopolitical events. While China’s sale of Treasuries may cause short-term market volatility, savvy investors often look long-term. Positive economic fundamentals in the US, including low unemployment rates and continued innovation, can maintain investor confidence.

In conclusion, while China’s sale of 44% of US Treasury securities raises valid concerns about potential economic impacts, it is not an automatic precursor to a collapse of the US economy. The interconnectedness of the global economy provides a buffer against such drastic scenarios.

It will be critical to monitor how this situation unfolds and to consider the broader economic and geopolitical landscape. The resilience of the US economy, combined with its ability to adapt and innovate, suggests it is far from facing imminent collapse due to changes in foreign holdings.

https://youtu.be/huG-Fdq5CfE

Dinar Recaps 20 11/21/24 Dinar Recaps 20 11/21/24

“Tidbits From TNT” Thursday 11-21-2024

TNT:

Tishwash: Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region

Baghdad Today - Follow-up

Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani discussed Middle East issues today, Thursday (November 21, 2024), amid unprecedented escalation of tensions in the region.

The Kremlin said in a statement followed by "Baghdad Today", that "Putin discussed, during a phone call with Al-Sudani, joint work within the framework of (OPEC+)," stressing "the importance of coordinating steps in this field."

TNT:

Tishwash: Al-Sudani, Putin discuss Middle East issues amid unprecedented escalation of tension in the region

Baghdad Today - Follow-up

He added that "the two parties discussed Middle East issues in light of the unprecedented escalation of tension in the region," noting that "issues of cooperation in the fields of trade, economy, transportation, logistics and humanitarian services were discussed link

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Tishwash: Al-Ghais: Oil and gas are God’s gift and the world must invest in energy sources without exception

The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, stressed on Wednesday that the world must adopt all energy sources without exception.

Al-Ghais said at the United Nations Climate Change Conference (COP29) that crude oil and natural gas are “a gift from God,” and that talks on limiting global warming should focus on reducing emissions, not choosing energy sources.

His comments were in line with the opening speech of Azerbaijani President Ilham Aliyev, who responded to Western criticism of his country's oil and gas industry, also describing these resources as a "gift from God."

"They are actually a gift from God," Al-Ghais, a veteran Kuwaiti oil executive, said in a speech at the conference hosted by Baku, Azerbaijan.

“These resources affect how food is produced, packaged and transported, how medical research is conducted and how medical supplies are manufactured and distributed. I could go on and on with an endless number of examples,” he added.

He pointed out that the world's governments, which set a ceiling for the rise in global temperature during the Paris summit in 2015 of no more than 1.5 degrees Celsius compared to the pre-industrial revolution level, can achieve their climate goals without shifting away from oil.

Al-Ghais continued, "The Paris Agreement focuses on reducing emissions, not on choosing energy sources."

OPEC said technologies such as carbon capture could address the climate change impacts of burning fossil fuels link

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Tishwash: Economist: Big capitals benefit from the continued rise of the dollar in Iraq

Economic expert Safwan Qusay continued confirmed today, Wednesday, that there are big heads benefiting from the economic chaos and the rise of the dollar in Iraq.

Qusay said in an interview with Al-Maalouma Agency, “There are speculators and local mafias trying to obstruct economic organization and thwart the government's attempt to control the state's resources.”

He added, "The government can strike these mafias with the force of law by directing the supervisory and security agencies against the violators and their continued presence under multiple fronts."

He pointed out that "there are those who manipulate the local dollar markets, and the regulatory bodies must be able to control the big heads that benefit from the continued economic chaos, not the arms."link

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Mot: With temperatures set to plummet tonight, John's legendary weather forecast stone might need a scarf tomorrow—if it’s white, it’s snowing!

Mot: Heeeeeee!! -- Heeeeeee!! -- Heeeeeee!! -- Loves Karma I Do!!

https://www.youtube.com/watch?v=2fxGC_VM6yE