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News, Rumors and Opinions Tuesday AM 11-26-2024
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 26 Nov. 2024
Compiled Tues. 26 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 23 Nov. 2024: A very credible source said that the RV would occur prior to or around Thanksgiving.
Sat. 23 Nov. 2024 Wolverine: “We are definitely going to have a good Christmas. Just letting you know that I’m now under NDA. I cannot talk right now so I cannot hurt the process. Please respect my NDA guys. We are now definitely close.”
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 26 Nov. 2024
Compiled Tues. 26 Nov. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 23 Nov. 2024: A very credible source said that the RV would occur prior to or around Thanksgiving.
Sat. 23 Nov. 2024 Wolverine: “We are definitely going to have a good Christmas. Just letting you know that I’m now under NDA. I cannot talk right now so I cannot hurt the process. Please respect my NDA guys. We are now definitely close.”
Read full post here: https://dinarchronicles.com/2024/11/26/restored-republic-via-a-gcr-update-as-of-november-26-2024/
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DID YOU KNOW?
Nov 24th Post 2024 (End of Fractional Banking)
If the GCR was to happen now or in the near future, it can be assumed that, in some fashion, we would have to utilize the current banking system. So I looked at how much banks make and how they make it. Looking at Wells Fargo, Bank of America (BofA) and J.P. Morgan Chase.
In 2023 Chase had $134.4 Billion in revenue with a net of $48.3 Billion. Wells Fargo had $89.4 B in revenue with a net of $19.1 B. B of A had $96.5 B in revenue with a $26.5 B net. In 2019(prior to the pandemic) Chase had $36.4 B net, BofA $27.4 B net and Wells Fargo $19.6 B net.
Banks primarily generate money through several activities:Interest Income: Banks lend out customer deposits in the form of loans, charging interest. They earn by maintaining a gap between the interest paid on deposits and the interest charged on loans.Fees: Banks charge fees for services like account maintenance, overdrafts, wire transfers, and credit card usage. Investments: They invest in financial instruments such as bonds, equities, or real estate. Trading & Advisory: Larger banks earn from trading securities and offering financial advisory services.
What I didn’t know was in March 2020, the Federal Reserve eliminated reserve requirements for banks. (Don’t know how this conflicts with Basel 3.5) This effectively ended the traditional practice of maintaining a minimum reserve percentage or Fractional Reserve Banking. With Fractional Reserve Banking , banks were required to reserve a portion of deposits for every dollar they loaned .With a $100 deposit the bank could loan out $90. Now, with no reserve amount required, the banks can loan out all of its deposits. Keep in mind when I say “deposit”, that’s your money they are loaning out.
From March 2022 to July 2023, the Fed increased rates 11 times, raising the federal funds rate from near zero to 5.25–5.50%—the fastest pace of hikes in decades. The question is, how come the banks’ net profit increased substantially during and after the pandemic? Theoretically raising interest rates curbs inflation.
But the banks made more money with the higher rates? It’s called Increased Net Interest Margin (NIM). Banks earn money by lending funds at higher interest rates than they pay on deposits (your money).When the Fed raises rates, the interest banks charge on loans (like mortgages, credit cards, and business loans) typically increases faster than the interest they pay on customer deposits. This widens the NIM, directly boosting profitability. The banks are making a fortune on the suffering of the rest of us. And the Fed is complicit.
All that being said, if the GCR was to happen now, the massive funds deposited into the banks would follow this scenario. The banks would basically have unlimited discretion what they can do with your money. It all points to the need for a new, completely different, financial system for the GCR to engage. Until we see that, we won’t see a GCR.
We all want to go skating but you can’t go ice-skating when the lake isn’t frozen.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...we are still seeing lots of news from Iraq on educating the citizens in many areas. One biggie is the census... This level of census has NEVER been conducted since the 2003 invasion. Lots has changed since. This census is also part of the Article 140 and the process of determining the shares of the excess oil revenue streams to be divided up to the citizens as part of the Hydrogen Carbon Law (HCL) this is also better know as the Oil and Gas Law. Yes, the GOI does plan to administer oil profit shares to the citizens much like they do in the Saudi and Kuwait. [Post 1 of 2]
Mnt Goat However...you can see that they first must rebuild their economy and infrastructure. Today there is not much remaining of oil revenues after they pay all their bills. The surplus will come once they diversify their economy and these other sources of revenue come pouring in, as we are seeing now to begin...I would not gamble on this HCL triggering the RV, as many...seem to think will happen when they finally pass the Oil and Gas Law. [Post 2 of 2]
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Elites And Bank CEO’s In PANIC As Economic Collapse Is Imminent!
Atlantis Report: 11-26-2024
The global economy is standing on the brink, and the warning signs are impossible to ignore. Bank CEOs and economic elites are scrambling to respond as fears of a 2024 and 2025 recession grow louder.
Inflation continues to erode purchasing power, debt is reaching unsustainable levels, and even the job market is showing cracks.
Reports suggest the European Central Bank may implement three rate cuts this year, signaling instability across the eurozone. Meanwhile, in the U.S., declining wage growth and rising unemployment are painting a grim picture for workers.
With first-quarter figures providing only temporary relief, the question remains: Are we prepared for what’s coming?
Seeds of Wisdom RV and Economic Updates Monday Evening 11-25-24
Good Evening Dinar Recaps,
BRICS: NEWS INDIA EXTENDS CBDC PAYMENTS TO NEW COUNTRIES
BRICS member India is strengthening its CBDC mobile payment ties with many more countries for cross-border transactions. Bloomberg reported that India is partnering with multiple countries in South Asia to process mobile payment systems.
The countries include the Philippines, Sri Lanka, and its BRICS counterpart the United Arab Emirates (UAE). T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI) confirmed the development at the conference in Cebu, Philippines.
Good Evening Dinar Recaps,
BRICS: NEWS INDIA EXTENDS CBDC PAYMENTS TO NEW COUNTRIES
BRICS member India is strengthening its CBDC mobile payment ties with many more countries for cross-border transactions. Bloomberg reported that India is partnering with multiple countries in South Asia to process mobile payment systems.
The countries include the Philippines, Sri Lanka, and its BRICS counterpart the United Arab Emirates (UAE). T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI) confirmed the development at the conference in Cebu, Philippines.
In addition, BRICS member India has already maintained the CBDC payment agreement with Bhutan and Nepal. The RBI is collaborating with ASEAN countries to integrate the platform for all like-minded nations. For the uninitiated, India is among the first countries in the world to successfully launch the pilot batch of the CBDC testing.
BRICS country India is assessing the possibilities of launching the CBDC digital currency for government, retail, and institutional usage.
It is also studying the impact a CBDC currency could have on the overall economy, banking systems, and monetary policies. When asked about when the CBDC digital currency could be launched, Sankar said that India is not in a hurry. “We are in no hurry to roll it out immediately. Once we have some visibility of what the outcome or impact will be, we’ll roll it out. We don’t keep a specific timeline for that.”
@ Newshounds News™
Source: Watcher Guru
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WHY XLM: IS STELLAR THE MOST UNDERRATED CRYPTO?
▪️Stellar has seen a significant price surge, sparking renewed interest in its potential.
▪️Stellar's co-founder, Jed McCaleb, emphasizes its real-world utility, advanced features, and potential to revolutionize global finance.
▪️Stellar's high transaction volume, native stablecoins, decentralized exchange, and secure smart contracts ensure it as a strong player.
The Stellar market has soared by an astounding 478.057% since November 5, making waves across the crypto community. This unexpected price surge has left many asking: Could Stellar be one of the most underrated projects in crypto?
Co-founder Jeb McCaleb recently shared insights that reveal the true power behind Stellar—insights that most people have overlooked until now. What makes this project so special? Let’s dive deeper and uncover why Stellar might just be more than meets the eye.
Steller’s Growing Popularity
Stellar’s popularity has grown significantly in recent years, with the sharp rise in XLM’s price this month showing the growing interest in the project. While McCaleb acknowledged this increased attention, he pointed out that many people still don’t fully understand the potential of Stellar.
Despite the buzz, he believes the project remains underrated.
Stellar vs. Ethereum
One of McCaleb’s key points was about the scale of Stellar’s daily transactions. He noted that Stellar handles at least ten times more transactions daily than Ethereum, and a large portion of these transactions involve real-world payments.
This impressive transaction volume, combined with its practical use cases, is a major reason for the recent rise in XLM’s price.
Stellar’s Powerful Features
Stellar offers several unique features that have contributed to its popularity and price surge:
▪️Native Stablecoins: Stellar supports its own stablecoins, which makes it perfect for cross-border payments.
▪️Built-in Decentralized Exchange (DEX): Stellar’s integrated DEX allows easy token swaps without the need for third-party exchanges.
▪️On-Chain Governance: The project includes built-in governance features, ensuring more transparency and security.
▪️Safer Smart Contracts: Stellar’s platform allows secure smart contracts, making transactions safer.
▪️Passkey and Multi-Signature Support: The network enhances security with passkey support and native multi-signature features.
McCaleb also emphasized Stellar’s efficiency, noting that the platform supports fast transactions with near-zero fees. This cost-effectiveness and speed make it a top performer in the crypto space, and a big reason why Stellar is gaining more attention.
The Future of Stellar
McCaleb described Stellar as a powerful payment system that fits perfectly with the true purpose of cryptocurrency. He hopes that both businesses and individuals will soon recognize the value of using Stellar for financial transactions. He also predicts that Stellar will play a major role in the global financial system in the near future.
FAQs
What makes Stellar XLM unique?
Stellar’s unique features include native stablecoins, a built-in DEX, on-chain governance, safe smart contracts, and a scalable, secure platform ideal for financial transactions.
Is Stellar XLM underrated?
Despite its strong fundamentals and growing popularity, Stellar is often considered underrated due to a lack of widespread understanding about its real-world impact and capabilities.
What’s clear is that Stellar’s journey has only just begun, and its impact will soon be seen in the crypto industry.
@ Newshounds News™
Source: CoinPedia
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AUSTRALIA BEGINS CONSULTATION ON OECD CRYPTO REPORTING FRAMEWORK
Australia’s Treasury seeks input on implementing the crypto-asset reporting framework within its domestic tax laws.
Australia’s Treasury Department released a consultation paper seeking feedback on applying an international reporting standard for cryptocurrency transactions. The initiative is part of a broader effort to enhance tax transparency and combat global tax evasion.
The consultation, launched on Nov. 21, focuses on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF).
The OECD framework sets standardized rules for collecting tax data on crypto-asset transactions and sharing that information among tax authorities.
The paper presents two options for implementing CARF: adopting the framework into Australian tax law or taking a more tailored approach that would target the needs of the Australian Taxation Office.
Adopting an international standard on crypto reporting
In 2022, the OECD — an intergovernmental organization creating international standards — developed and released CARF to combat global tax evasion using crypto assets.
The OECD developed CARF in 2022 to combat global tax evasion through crypto assets. In 2023, 47 countries, including Australia, committed to adopting the framework. The initiative is expected to enhance visibility into crypto transactions and bolster international information exchange.
Australia is now moving toward integrating CARF into its tax law by consulting with stakeholders.
OECD’s CARF will mandate crypto exchanges and wallet providers to report specific crypto transactions to the relevant tax authorities. The information collected would include digital asset purchases.
According to the consultation paper, CARF reporting requirements may start in 2026. The Treasury stated:
“Subject to a final decision of Government, it is envisaged that CARF reporting requirements would commence from 2026, to ensure the first exchanges between the ATO and other tax authorities could take place by 2027. This timeframe would also be subject to future legislative priorities.”
The Treasury also said this timeframe will provide enough lead time for reporting crypto providers to update their systems.
Other countries implementing CARF into tax laws
Other jurisdictions have also started integrating CARF into their domestic laws. On April 18, Canada announced it would apply the framework by 2026.
On May 18, Switzerland issued a public consultation for applying the standards to its local tax laws. The country also intends to implement the framework to enhance tax transparency for crypto assets.
Meanwhile, New Zealand introduced the framework in a new tax bill. On Aug. 27, the New Zealand Minister of Revenue submitted a proposal to implement the framework into its laws. Crypto providers are expected to collect information starting on April 1, 2026, and submit them by June 30, 2027.
@ Newshounds News™
Source: CoinTelegraph
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WISDOMTREE FILES FOR XRP ETF VIA DELAWARE TRUST, JOINS BITWISE, CANARY CAPITAL IN THE RACE
Moving beyond Bitcoin, asset managers are now eyeing towards XRP as the next big player in the ETF space. In a latest develoment, the Global ETF provider WisdomTree has filed to launch an XRP ETF in the U.S. notably, this is the third filing to establish a spot XRP ETF in the country. Moreover, the XRP price soared over 10% after the announcement.
Eleanor Terrett Confirms The Legitimacy
The trust filing represents a preliminary step in the ETF launch process, preceding a formal application to the SEC.
The update was shared by Fox journalist Eleanor Terrett. Terrett also confirmed the legitimacy of the filing with WisdomTree, which manages over $100 billion in assets.
Also, just recently, the organization introduced its physical Ripple ETP in Europe. The latest Delaware filing shows the firm’s growing interest in Ripple’s native token.
Additionally, two other firms have filed for an XRP ETF. In October, Bitwise and Canary Capital filed for spot XRP ETFs with the U.S. SEC.
XRP Surges 10%
The news has driven a notable price surge for XRP, with its value rising over 10% in intraday trading. Many market experts anticipate that if XRP breaks out above $1.50, its price could rally to over $2 in the short term.
Renowned analyst Armando Pantoja in a bullish outlook has suggested that XRP could surge to $8-$30. This optimism stems from expectations that Ripple’s long-standing legal battle with the U.S. SEC may resolve favorably in early 2025 in line with Trump’s return and Gensler’s exit.
With SEC Chair Gary Gensler set to resign, speculation is mounting around the future of XRP ETFs, particularly due to the Ripple SEC case. Experts believe that Gensler’s departure could lead to a relaxation in regulations potentially easing the path for XRP ETFs under new leadership.
@ Newshounds News™
Source: CoinPedia
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Why Tokenized Gold Is the Key to Currency Revaluation Success
Why Tokenized Gold Is the Key to Currency Revaluation Success
Awake-In-3D November 24, 2024
Explore how tokenized gold addresses the logistical and financial challenges of traditional assets while aligning global currencies with tangible value during the Global Currency Reset.
In a world undergoing a Global Currency Reset, tokenized gold is emerging as a groundbreaking solution to modern financial challenges. By combining the timeless stability of gold with the efficiency of blockchain technology, tokenized gold simplifies asset management while aligning global currencies with tangible value. This innovative approach not only ensures economic stability but also creates new opportunities for equitable participation in a revalued economy.
Why Tokenized Gold Is the Key to Currency Revaluation Success
Awake-In-3D November 24, 2024
Explore how tokenized gold addresses the logistical and financial challenges of traditional assets while aligning global currencies with tangible value during the Global Currency Reset.
In a world undergoing a Global Currency Reset, tokenized gold is emerging as a groundbreaking solution to modern financial challenges. By combining the timeless stability of gold with the efficiency of blockchain technology, tokenized gold simplifies asset management while aligning global currencies with tangible value. This innovative approach not only ensures economic stability but also creates new opportunities for equitable participation in a revalued economy.
Integrating Traditional Assets with Tokenized Gold Technology
For centuries, gold has served as the cornerstone of financial systems. Even after the gold standard was abandoned in many countries, its intrinsic value has remained a benchmark for economic stability. During a currency revaluation (RV), where authorities adjust currencies to reflect their true market value, tokenized gold often acts as a stabilizing force. It provides tangible backing to currencies, instilling confidence among investors and governments alike.
However, physical gold has limitations—it is cumbersome, expensive to store, and often inaccessible to smaller investors. This is where tokenized gold, the process of creating digital tokens backed by physical gold, steps in to modernize gold’s role in the financial ecosystem.
A Modern Solution for Currency Revaluation
Gold tokenization involves issuing blockchain-based tokens that represent ownership of physical gold. Each token is securely linked to a specific quantity of gold, stored in professional vaults and audited regularly. The blockchain provides an immutable ledger, ensuring transparency and preventing fraud.
In the context of the RV, tokenized gold offers several advantages:
Liquidity: Unlike physical gold, tokenized gold trades instantly on digital platforms, enabling faster transactions and greater market participation.
Fractional Ownership: Investors can hold small fractions of gold, making it accessible to individuals and institutions with varying investment capacities.
Borderless Trading: Blockchain technology allows tokenized gold to be traded globally without the restrictions of traditional financial systems.
These features make tokenized gold an attractive asset during the RV, where rapid adjustments in currency values require assets that are both stable and flexible.
The Role of Tokenized Gold in Currency Revaluation
One of the primary goals of the RV is to align currency values with tangible assets, creating a more stable and transparent financial system. Tokenized gold integrates effectively into this framework, providing a digital standard for currency valuation.
Stability: Gold’s historical stability ensures that tokenized gold provides a reliable benchmark during volatile periods of revaluation.
Transparency: Blockchain technology guarantees traceability and accountability for tokenized gold, fostering trust among governments, institutions, and investors.
Accessibility: Tokenized gold democratizes access to gold reserves, enabling smaller economies to use tangible assets as collateral.
Economic Impact of Tokenized Gold
The introduction of tokenized gold into the global financial system will significantly impact currency valuation and economic behavior during the RV:
Strengthening Currency Reserves
Governments and institutions can use tokenized gold to enhance currency reserves without the logistical challenges of storing physical gold. This approach establishes a more efficient and secure backing for global currencies.
Facilitating International Trade
Tokenized gold serves as a universal medium of exchange, reducing reliance on traditional fiat currencies. This aligns with the GCR’s objective of creating a balanced and equitable global trade system.
Encouraging Investment and Stability
Tokenized gold’s liquidity and accessibility attract a broader range of investors. Increased participation strengthens overall trust in the financial system and contributes to long-term stability.
Challenges and Considerations
While tokenized gold holds immense potential, several challenges must be addressed to achieve widespread adoption:
Regulatory Hurdles: Global harmonization of rules regarding digital assets and gold reserves will be essential.
Technological Risks: Robust cybersecurity measures must protect tokenized gold from vulnerabilities such as hacking and fraud.
Market Volatility: Gold’s value can still fluctuate, requiring mechanisms to manage these fluctuations effectively during the RV process.
The Bottom Line: Tokenized Gold in a Revalued Economy
In a world poised for a Global Currency Reset, tokenized gold represents a transformative asset. By integrating the stability of gold with the innovation of blockchain technology, it offers stability, transparency, and accessibility in an era of rapid economic transformation. Governments, institutions, and investors must collaborate to address regulatory, technological, and economic challenges, ensuring that tokenized gold fulfills its potential as a cornerstone of a revalued global economy.
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Seeds of Wisdom RV and Economic Updates Monday Afternoon 11-25-24
Good Afternoon Dinar Recaps,
NEW OIL-RICH MIDDLE EASTERN COUNTRY EXTENDS SUPPORT TO BRICS
The BRICS alliance is gaining the support of oil-rich Middle Eastern countries in its aggressive global push towards de-dollarization. The bloc inducted oil exporting nations like the UAE, Egypt, and Ethiopia during the 15th summit in South Africa. It also invited Saudi Arabia to join the group but the Kingdom is yet to officially decline the offer.
As of 2024, the BRICS alliance controls nearly 30% of all the global oil supply. BRICS received a boost in the arms after it inducted oil-exporting countries into the alliance. It is now looking to take control of the oil and gas sector and push local currencies for cross-border transactions.
Good Afternoon Dinar Recaps,
NEW OIL-RICH MIDDLE EASTERN COUNTRY EXTENDS SUPPORT TO BRICS
The BRICS alliance is gaining the support of oil-rich Middle Eastern countries in its aggressive global push towards de-dollarization. The bloc inducted oil exporting nations like the UAE, Egypt, and Ethiopia during the 15th summit in South Africa. It also invited Saudi Arabia to join the group but the Kingdom is yet to officially decline the offer.
As of 2024, the BRICS alliance controls nearly 30% of all the global oil supply. BRICS received a boost in the arms after it inducted oil-exporting countries into the alliance. It is now looking to take control of the oil and gas sector and push local currencies for cross-border transactions.
BRICS: Oil-Rich Bahrain Extends Support to the Alliance
Oil-rich Middle Eastern country Bahrain has extended full support for the BRICS alliance.
Despite not receiving an invitation to be a part of the bloc, Bahrain has always attended the summits and programs held by the group. Bahrain did not receive an invitation to be a part of the ‘Partner Countries’ either which was sent during the 16th summit.
“We (Bahrain) take part in the BRICS Plus group’s activities. We always participate in all BRICS Plus meetings,” said the Middle Eastern nation’s Ambassador to Russia Ahmed Al Saati.
The oil-rich nation is keen on supporting BRICS without being a part of the alliance. “This is an international association. An invitation should come from the organization itself. However, we have always been participating; we attended the Nizhny Novgorod event,” the Ambassador explained to Russian news outlet Tass.
The development indicates that emerging economies, including oil-rich nations, are keen on supporting BRICS. They find it to be an alternative to the Western-dominated global financial sector. This puts the Western hegemony at risk as developing countries are seeking alternative options to the US dollar.
@ Newshounds News™
Source: Watcher Guru
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RIPPLE NEWS: $3.8B TOKENIZED FUND LAUNCHES ON XRPL
Ripple and Archax just made a big move that could change how institutional finance works. Together, they’ve launched the first ever tokenized money market fund on the XRP Ledger (XRPL). It’s based on abrdn’s $3.8 billion US Dollar Liquidity Fund, and it’s a huge deal for anyone watching the rise of tokenized assets.
A Major Step by Ripple
This isn’t your everyday blockchain project. Ripple has invested $5 million into abrdn’s Lux fund tokens, signaling its serious commitment to real-world asset (RWA) tokenization. ]
Archax, being a UK-regulated exchange, adds the compliance and trust needed for institutional adoption. Ripple’s XRPL technology brings in efficiency, aiming to make financial transactions smoother and cheaper.
The best part? This is the first tokenized fund on XRPL. That means the fund gets all the benefits of blockchain, like fast settlements and less reliance on middlemen. It’s not just innovation—it’s problem-solving.
Why Tokenized Assets Are a Big Deal
Tokenized funds are growing fast. They already manage over $1 billion in assets, and experts believe this could skyrocket to $16 trillion by 2030. Ripple, abrdn, and Archax are getting ahead of the curve, setting the stage for how tokenized assets could work in the future.
And there’s more. Duncan Moir from abrdn says this isn’t just about technology—it’s about saving time and money. Moving funds on-chain means faster processes and fewer delays. Ripple’s Markus Infanger agrees, calling XRPL a leader in helping institutions scale their operations.
What to Expect Next
This partnership is just the start. As tokenized assets grow, more institutions will likely jump on board. Ripple and Archax are leading the way, showing how blockchain can reshape finance.
For Ripple, this isn’t just a win. It’s a statement. They’re proving blockchain isn’t just about crypto—it’s about transforming the way money moves globally.
@ Newshounds News™
Source: CoinPedia
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WHY IRAQ’S FINANCIAL REVOLUTION IS A BIG DEAL | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Everything You’ve Been Taught About MONEY Is WRONG
Everything You’ve Been Taught About MONEY Is WRONG
Taylor Kenny: 11-24-2024
Discover the truth about money, currency, and debt in this eye-opening video.
Learn how fiat currency erodes your wealth, why inflation benefits governments but punishes savers, and why true money, like gold, remains the ultimate store of value.
If you're concerned about protecting your financial future, this is a must-watch!
Everything You’ve Been Taught About MONEY Is WRONG
Taylor Kenny: 11-24-2024
Discover the truth about money, currency, and debt in this eye-opening video.
Learn how fiat currency erodes your wealth, why inflation benefits governments but punishes savers, and why true money, like gold, remains the ultimate store of value.
If you're concerned about protecting your financial future, this is a must-watch!
CHAPTERS:
00:00 - Introduction: Is everything you know about money a lie?
00:26 - Currency vs. Money: The critical difference
01:21 - How fiat currency is tied to debt
02:36 - Financial wealth vs. real wealth
04:10 - Why fiat currency loses value
05:45 - Inflation: Who benefits and who suffers?
07:30 - Protecting yourself with gold
Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System
Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System
Awake-In-3D November 24, 2024
As currencies revalue and gold returns to prominence, blockchain emerges as the foundation of a new monetary system.
The financial world is at a turning point, and I want to share why this moment is so significant for all of us. For decades, fiat currencies have dominated the global economy, but their instability has created challenges we can no longer ignore. Now, a powerful shift is underway—a Global Currency Reset and Blockchain movement that merges gold’s timeless value with the efficiency of blockchain technology. This alliance has the potential to reshape the financial system entirely, and I’m here to walk you through why it matters and what it could mean for our future.
Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System
Awake-In-3D November 24, 2024
As currencies revalue and gold returns to prominence, blockchain emerges as the foundation of a new monetary system.
The financial world is at a turning point, and I want to share why this moment is so significant for all of us. For decades, fiat currencies have dominated the global economy, but their instability has created challenges we can no longer ignore. Now, a powerful shift is underway—a Global Currency Reset and Blockchain movement that merges gold’s timeless value with the efficiency of blockchain technology. This alliance has the potential to reshape the financial system entirely, and I’m here to walk you through why it matters and what it could mean for our future.
We now find ourselves witnessing a profound financial system transformation, one that parallels the United States’ departure from the gold standard in 1971. This time, the shift is marked not by the abandonment of gold but by its resurgence alongside the adoption of blockchain technology and cryptocurrencies. A growing alliance between traditional banking institutions, blockchain platforms, and the reintegration of gold as a foundational asset signals a significant leap toward a tokenized financial future—one widely viewed as a precursor to a Global Currency Reset and Blockchain transformation.
According to a recent McKinsey & Company report, ‘Tokenised financial assets: Moving from pilot to scale’, tokenisation has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational efficiencies and new avenues for revenue generation.
This new monetary framework intertwines cutting-edge digital innovation with the timeless stability of precious metals. While this “New Alliance” promises unprecedented opportunities for financial growth and reform, it also raises critical questions about economic sovereignty and the balance of power in a rapidly digitizing world.
The Departure From Gold: A Historical Parallel
The decision to decouple the U.S. dollar from gold in 1971 fundamentally altered the global financial system. By transitioning to a fiat-based economy, the U.S. and its allies gained greater flexibility to manage monetary policy, albeit at the cost of stability tied to a tangible asset. Critics argue that this move opened the door to inflation, debt expansion, and the erosion of purchasing power.
Today, a similar crossroads looms, but with a critical distinction: gold is expected to regain prominence as a central pillar of the new financial order. Traditional banks, which have historically relied on centralized, fiat-based systems, are now embracing blockchain technology—a decentralized ledger system that underpins cryptocurrencies. However, this digital revolution does not mean abandoning gold; instead, gold will play a crucial role in stabilizing a future tokenized system, paving the way for the Global Currency Reset and Blockchain adoption.
Just as fiat currencies replaced gold-backed money, blockchain is positioned to replace fiat as the primary infrastructure of the global economy. Yet, unlike the 1971 shift, this transition seeks to reintroduce gold as a stabilizing force in conjunction with blockchain and cryptocurrencies.
The Alliance of Banks, Blockchain, and Gold in a Global Currency Reset
A central component of this transformation is the merging of three powerful forces: highly regulated banking systems, the relatively unregulated and decentralized crypto industry, and the enduring value of gold. Together, these components form the foundation of a new monetary system designed to address the shortcomings of fiat currency and support the goals of a Global Currency Reset and Blockchain-based framework.
To facilitate this alliance, significant steps are enabling banks and cryptocurrencies to operate under more flexible regulations. Deregulation allows financial institutions to explore blockchain’s potential while also creating pathways for cryptocurrencies to enter the mainstream. Simultaneously, central banks continue amassing gold reserves in preparation for its anticipated role in the Global Currency Reset and Blockchain-driven economy.
Gold’s intrinsic value, combined with blockchain’s efficiency and transparency, provides a unique opportunity to create a hybrid system. By tokenizing gold—representing it as digital assets on blockchain networks—banks and governments integrate physical and digital financial systems, ensuring a level of stability that fiat currencies alone cannot offer.
Gold’s Role in the Global Currency Reset and RV Framework
In the context of the GCR, gold represents both a historical relic and a cornerstone of the future. Proponents of the Global Currency Reset and Blockchain system argue that the current fiat-based system is unsustainable due to widespread manipulation, trade imbalances, and uncontrolled monetary expansion. A return to gold-backed currencies, facilitated by blockchain technology, will restore trust and equity in global trade.
Revaluation (RV) is another key component of this vision. Many national currencies will likely be recalibrated to reflect their true economic value, with gold playing a pivotal role in determining these valuations. For decades, the disparity between fiat currency values and real-world assets, including gold, continues to fuel economic instability. By anchoring currencies to gold and other tangible assets, the RV eliminates this imbalance, creating a more transparent and equitable system.
Blockchain technology accelerates this process by enabling the tokenization of gold and other commodities. This innovation facilitates efficient, cross-border transactions while ensuring that every token is backed by a verifiable physical asset. Together, gold and blockchain form a symbiotic relationship, providing both stability and efficiency to the emerging financial paradigm.
The U.S. Leads the Charge
The United States is spearheading this transition, capitalizing on its leading position in both the financial and tech sectors. Reports indicate that cryptocurrencies are likely to be included in the U.S. Strategic Reserves, further legitimizing digital assets. However, gold’s role in this new framework remains equally significant. As one of the largest holders of gold reserves, the U.S. is uniquely positioned to integrate gold into its blockchain-based financial systems.
By combining gold with blockchain, the U.S. establishes a dual-layered system that merges the stability of tangible assets with the innovation of digital technology. This move solidifies the U.S.’s position as a leader in the tokenization movement while ensuring its dominance in a revalued, gold-backed global economy.
Moreover, the U.S. government’s strategic moves align with broader global trends. Countries like China and Russia are actively increasing their gold reserves, preparing for a post-fiat monetary system. In this context, the U.S. embraces the alliance between banks, blockchain, and gold to maintain its economic leadership.
The Benefits and Risks of the New Alliance
The integration of gold, blockchain, and banking offers undeniable advantages. For the banking sector, blockchain technology delivers efficiency, transparency, and cost savings. For the crypto industry, collaboration with banks provides legitimacy and access to a vast customer base. For gold, its tokenization ensures that its value integrates efficiently into the digital economy. Together, these forces drive unprecedented levels of investment and innovation, reshaping global financial markets.
However, this alliance carries risks. Critics warn that mainstreaming cryptocurrencies could undermine their foundational goal of decentralization, concentrating power in the hands of a few large institutions. Similarly, deregulating banks raises concerns about unchecked financial speculation.
Most troubling is the potential for a fully tokenized, gold-backed economy to become a tool for centralized control. While gold and blockchain are often touted as forces of stability and transparency, their adoption by banks and governments may result in a system tracking every transaction, raising concerns about individual privacy and economic freedom.
The Bottom Line: A Balanced Future
The alliance between banks, blockchain, and gold represents a turning point in the evolution of the global financial system. Just as the move away from the gold standard reshaped economies in the 20th century, the reintegration of gold into a blockchain-based system sets the stage for a new era of monetary reform. This transition promises innovation, stability, and equity but also poses risks to economic sovereignty and individual freedom.
As we approach a Global Currency Reset and Blockchain adoption, the inclusion of gold as a fundamental component ensures a measure of stability in an otherwise uncertain future. The principles guiding this transition will determine whether it serves the people or entrenched powers. The future of money may be digital, but its foundation will remain grounded in the enduring value of gold.
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News, Rumors and Opinions Monday 11-25-2024
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. 25 Nov. 2024
Compiled Mon. 25 Nov. 2024 12:01 am EST by Judy Byington
Restored Republic:
Sun. 24 Nov. 2024 Ezrah Cohen: We are in the midst of the most significant military operation in history, and it’s about to reach a critical point. https://t.me/Official_EzraCohen
Are you ready for the Great Comeback? The global media is prepping for Disclosure Day, where GESARA’s principles, the largest wealth transfer in human history, and the new global economic system will be revealed.
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. 25 Nov. 2024
Compiled Mon. 25 Nov. 2024 12:01 am EST by Judy Byington
Restored Republic:
Sun. 24 Nov. 2024 Ezrah Cohen: We are in the midst of the most significant military operation in history, and it’s about to reach a critical point. https://t.me/Official_EzraCohen
Are you ready for the Great Comeback? The global media is prepping for Disclosure Day, where GESARA’s principles, the largest wealth transfer in human history, and the new global economic system will be revealed.
Get ready for 10 days of communication darkness. Shutdowns will occur, but only in certain areas. Banks will close, ATMs and credit cards will stop working, and you’ll need at least three weeks of food and water. If you’re unprepared, don’t worry—the military has your back and will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of freedom and justice.
The Quantum Financial System will release NESARA/GESARA funds, erasing debts and restoring our economy to the prosperity of the 1950s.
Mark your calendars—Fri. 29 Nov. 2024—Disclosure Day is coming, and with it, the dawn of a new era of freedom and justice. The world will finally know the truth, and we will witness the greatest comeback in history.
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Global Currency Reset:
TNT TONY SUMMARY:
Ray was very excited. Tony said that Ray was trying to reveal the good things.
Tony said that he had a special weekend of ups and downs.
Two updates during the weekend of ups and downs.
The trailer was supposed to be presented during the weekend, but it was not.
All three charter agencies reported that the celebration planned for Saturday has been rescheduled for TODAY IN ZURICH.
They said that the trailer is complete and we will see it today.
Some banks received memos today that the RV is happening and we could see that at any time today.
The VND Exchange rate is currently 0.39 US dollars
We will make a lot of changes after the RV on our end, as it becomes a new world for us.
All the three letter agencies said the RV WILL HAPPEN TODAY.
Ray is very excited. When asked between 1 and 10.. with 10 being the highest… Ray said he is at 12 !
Tony was asked the same question and Tony said, 9.
Some people will have accounts in multiple currencies. Tony said he would not accept any.
They said it is already done and released. The process is already underway.
The banks and the Federal Reserve are waiting for the email right now.
Tony said he’s also been waiting for the email from the banks.
1The RV has been COMPLETED AND RELEASED and the process is underway right now.
Sun. 24 Nov. 2024: Mastering QFS: A Complete Guide to Fund Transfers, Account Setup, and Understanding RV & Redemption Funds – amg-news.com – American Media Group
Sat. 23 Nov. 2024: BQQQM!!! Quantum GESARA aka TRUMPSARA: G.E.S.A.R.A, Farmers Plan & More – Power Back to the People! – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2024/11/25/restored-republic-via-a-gcr-update-as-of-november-25-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The 2024 budget, we haven't seen that yet. Why haven't we see it? We haven't seen it yet because they're hiding that until the last minute. Remember this going from 1310 or 1320 exchange rate and changing it to a massive degree needs secrecy to some large degree all the way through the process. But they still have to educate their citizens, they still have to indicate what are they doing and how are they going to do it and why...2024 budget exposure is what to me is the key. It's that Rosetta Stone..
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Economist on television is explaining about how a revaluation works. They're giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies. Wow...It's being told to us constantly now every day. The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies. FRANK: If they tell you it's going to be pegged to a basket of other currencies,...it means we have a new exchange rate because that's the only reason the other currencies in the basket will play along with it...They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!
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BRICS announces UAE as the Gold Hub.
Emerging World order: 11-24-2024
In this video, we dive into how the United Arab Emirates is setting the stage to become the heart of the BRICS Gold Economic Corridor.
With a massive $129 billion in annual gold trade and Dubai’s strategic initiatives through the Multi Commodities Centre (DMCC), the UAE is positioned to transform global trade dynamics.
This move aligns with BRICS nations' push for financial independence by leveraging gold to bypass the U.S. dollar and foster a stronger economic alliance.
Seeds of Wisdom RV and Economic Updates Monday Morning 11-25-24
Good Morning Dinar Recap
NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE
Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.
Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.
Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.
Good Morning Dinar Recap
NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE
Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.
Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.
Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.
In a move to better manage its power grid amid the growing popularity of cryptocurrency mining, Texas has introduced new regulations requiring crypto miners in the Electric Reliability Council of Texas (ERCOT) region to report their power demand.
Announced by the Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson on November 21, the rule mandates Bitcoin [BTC] miners to provide detailed information about the location, ownership, and electricity demand of their operations.
This regulation aims to ensure stability and efficiency in the state’s power grid as the number of mining facilities increases.
The necessity for such regulations comes as Texas continues to attract a significant number of crypto mining operations due to its relatively low energy costs and crypto-friendly policies.
However, the surge in energy consumption by these operations has raised concerns about the potential strain on the state’s power infrastructure, especially during peak demand periods.
By having a clear picture of the energy demands from crypto mining, Texas can better prepare and adjust its grid management strategies to prevent outages and maintain reliable energy distribution.
Global regulatory trends in crypto mining
Texas is not alone in its efforts to regulate the energy use of crypto mining activities. Around the world, various jurisdictions have started implementing similar rules to address the environmental and infrastructural impacts of this burgeoning industry.
For example, New York recently passed a bill that places a temporary moratorium on certain types of cryptocurrency mining operations that use carbon-based fuel. This legislation is part of broader efforts to align the state’s crypto mining activities with its climate targets.
Similarly, countries like China have taken more drastic measures by completely banning cryptocurrency mining, citing excessive energy consumption and environmental concerns as primary reasons.
These global shifts in the regulatory landscape indicate a growing awareness and response to the complex interplay between cryptocurrency mining and regional energy systems.
The new Texas rule is part of a broader trend where regional governments are scrutinizing the environmental and infrastructural impacts of cryptocurrency mining.
While more territories evaluate and implement regulations, crypto miners are increasingly required to adapt to these changing conditions. Compliance with such regulations not only supports local infrastructure but also pushes the crypto mining industry towards more sustainable practices.
As the BTC mining industry continues to expand, the introduction of regulatory measures like those in Texas is crucial for ensuring that growth is balanced with the needs and limitations of local power grids and environmental standards.
These regulations could set precedents for how other regions manage the intersection of technology, energy consumption, and environmental responsibility in the age of cryptocurrency.
@ Newshounds News™
Source: AMBCrypto
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COINBASE EXPLORES BLOCKCHAIN PARTNERSHIP WITH KENYA'S SAFARICOM
Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase’s broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education.
While regulatory uncertainties have previously hindered Coinbase’s operations in Kenya, recent positive developments and partnerships with local entities like Yellowcard suggest a growing interest in cryptocurrencies and blockchain technology in the country.
@ Newshounds News™
Source: Bitcoin News
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HONG KONG’S ZA BANK IS FIRST BANK IN ASIA TO LAUNCH RETAIL CRYPTO SERVICES
Today Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service. It claims to be the first Asian bank to launch a retail service. Rather than building an exchange from scratch, like most banks, it is launching in partnership with an existing cryptocurrency exchange, HashKey Exchange
Initially the bank supports trading only in Bitcoin and Ethereum in both HKD and USD. For the first three months after activation, ZA Bank is offering 0% commission, with minimum investments of USD 70 or HKD 600.
The offering has been integrated with the main bank app. The bank cited a recent survey by the Hong Kong Association of Banks, saying it found that 70% of respondents would find it convenient to trade crypto via their banking apps.
“The rise of cryptocurrency presents investors with more diverse asset allocation opportunities,” said Calvin Ng, alternative CEO of ZA Bank. “As a bank, we prioritise security and compliance, which is why we’ve partnered with HashKey, a global-leading licensed virtual asset exchange, to meet regulatory standards and deliver bank-grade security in virtual assets trading – our key competitive advantage in the Asian market.”
ZA Bank is Hong Kong’s largest digital bank with 800,000 users as of June 2024 (Hong Kong population 7.5m). The company is owned by ZA Global, an affiliate of Zhong An, the large Chinese insurance company which was co-founded by the entrepreneurs behind some of China’s biggest technology firms – Alibaba, Tencent and Ping An insurance.
Other bank cryptocurrency services
While ZA Bank may be the first Asian bank to offer retail crypto trading, Singapore’s DBS Bank was the first to launch a crypto service almost four years ago, which it built in-house. However, the DBS Digital Exchange targets only institutional and accredited investors.
Probably the largest number of retail bank crypto services are in Latin America. Europe is catching up, especially with the enactment of the bulk of the EU’s MiCA crypto regulations at the end of this year. BBVA was one of the pioneers, starting a service in Switzerland in mid 2021, followed by the launch of Garanti BBVA Digital Assets in Turkey last year.
@ Newshounds News™
Source: Ledger Insights
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THE UGLY TRUTH ABOUT THE 2020 ELECTION CONTROVERSY NO ONE TELLS YOU | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
THE ECONOMIC RESET: NESARA & GESARA EXPLAINED | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Thank you Dinar Recaps
“Tidbits From TNT” Monday Morning 11-25-2024
TNT:
Tishwash: MP: We need to extend the legislative term for 8 sessions and the budget is the top priority
Representative, Mohammed Al Shammari, called for extending the legislative term for 8 sessions, while stressing that the federal budget for the year 2025 is the top priority.
Al-Shammari told {Euphrates News} that: "There are important laws suspended within the House of Representatives, some of which are controversial and others need to be passed to serve the people."
TNT:
Tishwash: MP: We need to extend the legislative term for 8 sessions and the budget is the top priority
Representative, Mohammed Al Shammari, called for extending the legislative term for 8 sessions, while stressing that the federal budget for the year 2025 is the top priority.
Al-Shammari told {Euphrates News} that: "There are important laws suspended within the House of Representatives, some of which are controversial and others need to be passed to serve the people."
He added, "The controversial laws that were included in one basket are the Personal Status Law, the General Amnesty, and the Popular Mobilization. In addition to these laws, there are laws in all the drawers of the parliamentary committees, including the Security and Defense Committee, where the Intelligence Service Law and Diplomatic Passports Law are ready, but due to these differences, they were postponed. "
Al -Shammari continued, "The Personal Status Law is not binding on all the Iraqi people, and everyone has the choice to choose the law that suits their situation."
Al-Shammari stressed "the need to extend the legislative term to 8 sessions to compensate for what we missed in the last legislative term, and for the Parliament Presidency to prioritize the laws according to the needs of the people."
He added, "I believe that the issue of the federal budget for 2025 and its completion for the next fiscal year is of utmost importance, and the parliamentary circles have the determination to approve the budget schedules, and we hope that the law will be passed in the coming days." link
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Tishwash: Kirkuk publishes lists of 369 families: Go to Article 140 office to receive compensation
From the expatriates to the governorate
Kirkuk
On Sunday, the Article 140 Office in Kirkuk Governorate called on 369 expatriate families to visit it with the aim of completing the deficiencies in their submitted transactions and updating their data to obtain official documents and compensation certificates.
Kakarsh Sadiq - Head of Article 140 Office in Kirkuk, to 964 Network :
The names of the heads of households published in today’s lists are from families who came to the governorate and returned to Kirkuk several years ago. Their transactions have been completed almost completely, except for some deficiencies that must be completed.
The deficiencies we have indicated in the transactions of the 369 families are not the same, as each family has a deficiency in a specific subject, so their transactions cannot be completed except by visiting the office.
We are constantly publishing lists of the names of the immigrant families, informing them of the need to visit the office to obtain the compensation for this constitutional article, which amounts to 10 million Iraqi dinars for each family, or to complete obtaining the official documents for residence in Kirkuk. link
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Tishwash: Iraq needs to improve its investment environment to attract international companies
$233 billion is the cost of stopping gas flaring in Iraq by 20402
A report by the international energy news website S&P Global revealed that the International Finance Corporation (IFC) estimates that Iraq needs investments of $233 billion to implement programs to reduce and stop gas flaring in the country by 2040, at a time when experts stated that Iraq must improve its investment environment to be able to attract international energy companies to help achieve this goal.
The report indicated that Iraq, which is considered one of the countries in the world that wastes the gas associated with its oil production by flaring it, was among the concerns of the climate change conference sponsored by the United Nations, with estimates that it needs investments of hundreds of billions of dollars to finance programs aimed at reducing and ending gas emissions in its fields.
According to estimates by the International Finance Corporation (IFC), Iraq needs approximately $233 billion in investments to implement programs to reduce and end gas flaring by 2040, while manufacturing it and using it to improve self-sufficiency in generating electricity and protecting the environment from pollution.
According to the International Energy Agency, the goal of the Iraqi National Program (NDC) is to reduce gas emissions in the country by 15% by 2030, noting that 13% of that goal depends on international support and assistance.
“At COP29, on this particular issue, we are seeing real progress in moving from planning to action. Developed countries and international organizations are ready to help and support Iraq in this area,” Jonathan Bangs, a climate change policy advisor at the Clean Air Task Force (CATF), told S&P Global Platts. He noted that a top priority of the Iraqi National Program Framework is to stabilize the foundations of gas-flaring plants in oil and gas fields.
The report noted that capturing associated gas, in addition to reducing its contribution and impact on climate change, would enable Iraq to profit from its gas reserves and help provide sustainable electricity to its citizens, a vital goal in a country that suffers from power outages, especially in the hot summer months when air conditioning requires maximum power consumption.
In an interview conducted in March 2024, the Deputy Minister of Oil for Gas Affairs, Izzat Saber, said that in 2023, Iraq made progress in the process of collecting and processing gas, achieving 60% benefit from this process by collecting 7.8 billion cubic feet of gas.
However, information based on satellite images from that year indicated that 636.8 billion cubic feet of gas were flared, causing heavy gas emissions.
Evgenia Miburova, a researcher in the field of gas emissions, said that the quantities of gas flared are equivalent to the quantities of gas that Iraq signed over five years with Iran, which will export 642.4 billion cubic feet of gas to Iraq annually, and this quantity is not far from the amount of gas consumed in Iraq in 2023, which is 722 billion cubic feet.
“Iraq’s ability to meet its domestic gas needs will depend on the speed of implementation of gas processing plant projects and the launch of new gas projects, as well as the growth rate of gas demand,” researcher Meburova added. “In addition, collecting associated gas in oil fields not only reduces the rate of gas flaring, but also reduces the country’s dependence on oil alone, with the abundance of natural gas to feed power plants.”
Meburova said that this shift is important because burning oil fuel generates more harmful gases than burning associated gas. According to local figures, Iraq burned 267,000 barrels per day of oil fuel oil to generate electricity in August 2023. She pointed out that the Iraqi National Program plan also includes goals to improve control related to reducing methane emissions and switching from oil fuel oil to natural gas fuel to improve self-sufficiency in power generation.
However, experts point out that Iraq needs to improve and facilitate the terms of its contracts in order to attract investment, stressing that another obstacle is the need to improve the security environment and eliminate corruption, which always discourages investors from coming to the country.
Sara Vakhshouri, an analyst at SVB International Energy, says, “Iraq must establish clear investment laws and conditions that are far from routine bureaucracy in order to attract investor money.”
About S&P Global link
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Mot: Family --- aaaaahhhhhhh
Mot: ....... cooking the Turkey
More News, Rumors and Opinions Sunday PM 11-24-2024
KTFA:
Clare: In detail.. The Iraqi budget is subject to political and economic amendments on Tuesday
11/24/2024
The Finance Committee of the Iraqi Council of Representatives revealed, on Sunday, the details of amending the budget law included on the agenda of next Tuesday's session.
The agenda of the House of Representatives for Tuesday included the first reading of the draft law amending the first law of the Federal Budget Law of the Republic of Iraq for the fiscal years (2023, 2024, 2025) No. (13) of 2023.
KTFA:
Clare: In detail.. The Iraqi budget is subject to political and economic amendments on Tuesday
11/24/2024
The Finance Committee of the Iraqi Council of Representatives revealed, on Sunday, the details of amending the budget law included on the agenda of next Tuesday's session.
The agenda of the House of Representatives for Tuesday included the first reading of the draft law amending the first law of the Federal Budget Law of the Republic of Iraq for the fiscal years (2023, 2024, 2025) No. (13) of 2023.
Regarding these amendments, the committee member, MP Jamal Kocher, told Shafak News Agency, "The amendment to the budget law includes one paragraph, which is the cost of producing oil in the Kurdistan Region. The previous amount was very small, and after studying and discussing between the federal government and the regional government, they reached the conclusion that the estimate should be immediate to address and solve the problem, and it should be (16) dollars per barrel, until the final answer is obtained from the advisory committee specialized in determining production costs in coordination with the regional government and production companies operating in the fields."
Kocher added, "This amendment aims to solve the problem and re-export the Kurdistan Region's oil to the Turkish port of Ceyhan. There is a political agreement on this, and the political agreement stressed the necessity of solving this problem. Without the political agreement, this amendment would not have been presented in the House of Representatives, and it will be passed according to this agreement without any obstacles within the parliament regarding this increase."
For his part, member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, explained that the paragraph amending the general budget law will be limited to Articles 12 and 13 related to the Kurdistan Region’s oil exports and revenues.
Al-Kadhimi explained that "Article 12, which will be amended in the budget law, relates to the costs of producing and transporting oil in the region, as the costs of producing oil differ in Basra and are calculated at $6 per barrel, while in the Kurdistan Region they are calculated at $20."
He pointed out that "Article 13 of the budget law, which will witness amendment, relates to the region's oil exports and its export via the Turkish port of Ceyhan."
Al-Kadhimi pointed out the importance and emphasis on amending the budget law and voting on it before the end of the current legislative session, especially since the extended session will end on December 9. LINK
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Clare: Artificial Intelligence in Iraq.. Expected Projects with the Digital Cooperation Organization
11/24/2024
Iraqi Prime Minister Mohammed Shia al-Sudani confirmed on Sunday that artificial intelligence and digital transformation are the focus of administrative and economic reforms in the country, while the Secretary-General of the Digital Cooperation Organization praised these efforts.
His media office said in a statement received by Shafaq News Agency that Al-Sudani received today the Secretary-General of the Digital Cooperation Organization, Dima Al-Yahya, where the meeting witnessed discussions on Iraq's progress in the field of digital transformation, within a comprehensive strategy for digital business and artificial intelligence, in line with the government's ambitions and the growing international requirements in this field.
During the meeting, Al-Sudani stressed that the government has laid the foundations for digital transformation, and has worked on this file in more than one path and included it in administrative and economic reforms and what is related to electronic payment, explaining Iraq's ability to develop this sector and achieve a qualitative shift in it, in addition to openness to cooperate with the organization in finding projects that serve Iraq and the region, within the framework of digital transformation and artificial intelligence.
For her part, Dima Al-Yahya praised Iraq’s development in the digital field and the ongoing qualitative shift, which creates a suitable environment for a number of projects that the organization intends to implement inside Iraq.
She stressed the organization's readiness to enter into projects that serve the government's plans for digital transformation, and that have real benefits for the human resources that Iraq possesses, and benefit from the available material resources, and the high desire and readiness. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man We had some information that came from here in the United States of people that have boots on the ground [in Iraq]. When I say boots on the ground I mean literally boots on the ground. Having some of that information is key because they called today and said proudly that they affirmed they got information from the source in the military. These guys are talking on TV, not just Channel One or Channel Three but many sources. They're talking about helping the citizens. They're going to bring them purchasing power.
Frank26 Monetary reform education right now is at a very high peak where we can see very clearly. Sudani intentions are very clear...Purchasing power is but only one of many things that he's bringing to you Iraqi citizens and the rest of the world will benefit from that generosity.
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Salah talking finance Iqd Iraq
Nader: 11-24-2024
Why EU’s Currency Is DONE: Record Collapse & DeIndustrialization To Worsen In 2025
Sean Foo: 11-24-2024
The Euro just suffered a record collapse to its low in 2022. However, this fall isn't done and the crash could worsen in 2025. A rising China and Trump's trade war could send the US dollar rising higher. As a result, the Euro could crash further which could escalate deindustrialization as well!
Timestamps & Chapters:
0:00 Euro Record Plunge
2:54 Currency Crisis Hits EU Industries
5:42 Trump's Big Economic Shock
8:21 China Dethrones The Euro
11:11 EU Economic Crisis Not Over
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 11-24-24
Good Afternoon Dinar Recaps,
XRP LAWSUIT NEWS: EX-SEC ATTORNEY SAYS ‘NO SETTLEMENT’ BECAUSE GENSLER WON ‘HALF THE CASE’
XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.
Good Afternoon Dinar Recaps,
XRP LAWSUIT NEWS: EX-SEC ATTORNEY SAYS ‘NO SETTLEMENT’ BECAUSE GENSLER WON ‘HALF THE CASE’
XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.
However, former SEC lawyer Marc Fagel responded, saying that the SEC has already won half of the case. He doubts the same commissioners who voted to appeal the other half would change their stance now. While it’s possible, he finds it unlikely and reassured that the case won’t get dismissed.
He wrote, “They already won half the case. I don’t know why the same commissioners who voted to appeal the other half would reverse course now. Possible, but seems unlikely.”
Conclusion: What’s Next For Ripple And XRP?
XRP has reached $1.5, with an increase in trading volume. Analysts are bullish, with some predicting a price surge to $2 in the near term. XRP is currently showing strong bullish momentum, and the launch of an XRP exchange-traded fund (ETF) in the U.S. could push its price even higher.
The recent rise is also fueled by new developments, such as the listing of physical XRP across major European exchanges. Ripple’s CEO, Brad Garlinghouse, has expressed optimism about the future of XRP, especially with Donald Trump’s potential Treasury Secretary pick, Scott Bessent, which could further benefit XRP’s outlook.
According to lawyer Jeremy Hogan, the Ripple vs. SEC case could be resolved by spring or early summer 2025. Gensler’s exit may speed up the process and lead to a more favorable regulatory environment for XRP.
@ Newshounds News™
Source: CoinPedia
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RWA INC ANNOUNCES $RWA TOKEN LAUNCH ACROSS MAJOR EXCHANGES ON NOVEMBER 25, 2024
On November 25, 2024, RWA Inc is set to launch its utility token $RWA on KuCoin, Gate.io, and MEXC, bringing years of hard work to fruition. Since its founding, RWA Inc has aimed to redefine how investors and businesses interact with real-world assets, by creating a trusted platform that bridges the gap between traditional markets and the Web3 space.
$RWA Token: Powering the Ecosystem
The $RWA token serves as the backbone of RWA Inc’s multi-asset platform, playing an integral role in the functions of its products and services. It supports staking mechanisms, reduces transaction fees, and powers user engagement across the ecosystem, including the Launchpad, Exchange, Community Hub, and the forthcoming Marketplace.
RWA Launchpad: The launchpad utilizes a tiered-staking mechanism, enabling users to stake $RWA and earn high APYs, allocation for launchpad projects, rewards, and early access to innovative ventures.
RWA Exchange: The exchange incorporates a tiered-staking system that reduces trading fees for investors and allows $RWA to be used for transaction fee payments.
Community Hub: While staking is not available, users can earn $RWA by engaging with campaigns, creating content, and participating in community-driven activities.
RWA Marketplace: In the forthcoming marketplace, $RWA will function similarly to the exchange, lowering transaction fees through staking and serving as a payment method for transactions.
In addition to its core functionalities, the $RWA token provides:
Governance: Token holders can participate in governance decisions, influencing the future development of the platform.
Access: The token grants priority access to launchpad projects, exclusive campaigns, and reward programs.
Liquidity: As the primary medium for transactions within the ecosystem, $RWA facilitates secure trading and ensures smooth operations across products.
IDO Fundraising Campaign
As part of RWA Inc’s launch it is actively raising $800,000 USD through a series of Initial DEX Offerings (IDOs). These IDOs are hosted on prominent launchpads Decubate, Eesee, and Ape Terminal, chosen for their reputations and ability to reach diverse investor audiences.
This multi-platform raise is designed to maximize brand exposure and offer investors the flexibility to participate using their preferred platforms. This approach effectively expands RWA Inc’s market reach, laying the foundation for a successful fundraising campaign and in turn, the next phase of the project development.
Exchange Listings
Upon the conclusion of the IDOs, the $RWA token is set to go live on three CEXs. This listing marks a pivotal moment for RWA Inc, with trading set to begin on November 25, 2024, at 10:00 AM UTC. Investors will be able to trade the token on KuCoin, Gate.io, and MEXC, three exchanges renowned for their global reach, reliable trading infrastructure, and support for innovative projects.
Go-to-Market Strategy
RWA Inc’s go-to-market strategy leverages its Launchpad for onboarding innovative startups and driving adoption of real-world asset tokenization. They are focused on a specific profile of token issuers, starting with Web2 startups/scaleups from seed to B-series stage, who are looking for disruptive ways to raise capital for their growth companies. With a carefully curated pipeline of projects ready for launch. RWA Inc will likely start onboarding its first clients shortly after launch.
The companies’ revenue streams are generated through their tokenization service, launchpad IDOs, listing fees, staking mechanisms, and transaction fees paid in $RWA, creating a diversified and sustainable model for platform growth.
To further strengthen the ecosystem, 50% of the platform’s profit has been committed to a buy-back and burn mechanism, fortifying long-term value for stakeholders.
The RWA Inc project was carefully designed for long-term value generation and aims to lead the tokenized RWA market by example. This strategic approach has garnered the company traction in what is the fastest-growing market in the Web3 space.
About RWA Inc:
RWA Inc offers end-to-end real-world asset tokenization through a cutting-edge multi-asset platform that includes tokenization as-a service, a launchpad, and a marketplace.
With a short-term focus on startup utility tokens for our go-to-market strategy, our primary emphasis is on strategically expanding into startup equity tokens, real estate, collectibles, and other asset classes via registered security tokens.
As an innovator in the RWA niche, we help tech startups and established companies successfully launch utility and security compliant tokens and thrive in the Web3 market. Our approach addresses the need for extensive tokenization support for Web2 startups, fostering their dynamic growth potential. Our versatile solution aims to unlock opportunities across diverse asset classes, enhance liquidity, broaden market reach, support business development, and unlock asset value, effectively meeting market demands.
@ Newshounds News™
Source: Blockchain Reporter
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XRP SECURES GOLDEN CROSS AGAINST BITCOIN, WHAT'S NEXT?
XRP has achieved a major technical pattern in its Bitcoin (BTC) pairing, forming a golden cross. This technical pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average.
A golden cross happens when the 50-day simple moving average (SMA) crosses above the 200-day SMA, indicating potential upward momentum. XRP has been steadily gaining ground against Bitcoin in recent weeks. The recent altcoin bull run has seen funds flowing from Bitcoin into other cryptocurrencies, including XRP.
@ Newshounds News™
Source and Read more: U Today
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GOLDEN CROSS PATTERN EXPLAINED WITH EXAMPLES AND CHARTS
What Is a Golden Cross?
A Golden Cross is a chart pattern in which a relatively short-term moving average crosses above a long-term moving average. It is a bullish breakout pattern that forms when a security's short-term moving average (such as the 50-day moving average) crosses above its long-term moving average (such as the 200-day moving average) or resistance level.
As long-term indicators carry more weight, the Golden Cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.
▪️A Golden Cross is a technical chart pattern indicating the potential for a major rally.
▪️The Golden Cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
▪️The Golden Cross can be contrasted with a Death Cross, which indicates a bearish price movement.
How Does a Golden Cross Form?
The Golden Cross is a momentum indicator, which means that prices are continuously increasing—gaining momentum. It means that traders and investors have changed their outlooks to bullish rather than bearish. The indicator generally has three stages.
The first stage requires that a downtrend eventually bottoms out as buyers overpower sellers. In the second stage, the shorter moving average crosses over the larger moving average to trigger a breakout and confirms a downward trend reversal.
Note
Support is a low price level that the market does not allow. Resistance is a high price level that the market resists. A breakout occurs when the price crosses one of these levels.
The last stage is a continuing uptrend after the crossover. The moving averages act as support levels on pullbacks until they cross back down.
The most commonly used moving averages for observing the Golden Cross are the 50-day- and 200-day moving averages. Generally, longer periods tend to form stronger, lasting breakouts. For example, the 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals.
Day traders commonly use smaller periods like the 5-day and 15-day moving averages to trade intra-day Golden Cross breakouts. Some traders might use different periodic increments, like weeks or months, depending on their trading preferences and what they believe works for them.
But when choosing different periods, it's important to understand that the larger the chart time frame, the stronger and more lasting the Golden Cross breakout tends to be.
@ Newshounds News™
Source and Read More: Investopedia
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BRICS Breaking News: 🇨🇳 China discovers $83 billion gold reserve.
“This comes as gold prices have soared recently and are set to reach record highs in the coming months” 👀🔥
@ Newshounds News™
Source: X BRICS INFO
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A BIG CHANGE FOR THE IRAQI DINAR - Economic Ninja | Youtube
@ Newshounds News™
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THE END OF THE DOLLAR: GLOBAL FINANCE SHIFT 2024 | 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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“Tidbits From TNT” Sunday 11-24-2024
TNT:
Tishwash: Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive.
Jamal Kojer, a member of the Parliamentary Finance Committee, explained today, Saturday, that the budget schedules have not reached the Finance Committee yet, and we have not been informed of the date of sending them to the House of Representatives.
Kocher added in his statement to {Euphrates News} Agency, "Once the schedules reach the committee, they will be announced and the sessions for the first reading will begin if they include texts. If the schedules are devoid of texts, the committee will begin reading the schedules only."
TNT:
Tishwash: Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive.
Jamal Kojer, a member of the Parliamentary Finance Committee, explained today, Saturday, that the budget schedules have not reached the Finance Committee yet, and we have not been informed of the date of sending them to the House of Representatives.
Kocher added in his statement to {Euphrates News} Agency, "Once the schedules reach the committee, they will be announced and the sessions for the first reading will begin if they include texts. If the schedules are devoid of texts, the committee will begin reading the schedules only."
He stressed that "the committee will work to prevent tampering with the schedules, as happened previously." link
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Tishwash: The Trade Bank of Iraq (TBI) announced today, Saturday, a plan to open a number of new branches.
The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said that “the plan included opening an office for the bank in SOMO Oil Marketing Company in Rusafa and a cash deposit office in Karkh in the Red Crescent Society in Al-Mansour area, as well as opening a branch in Karkh in 14 Ramadan Street, in addition to opening a branch in Karkh in Al-Saydiyah area, in addition to opening a branch in the governorate center in Samawah in Al-Baraka Mall.
The statement indicated that “the plan also included preparing to open other new branches, namely the Ziona branch in Rusafa, the Tikrit branch in Salah al-Din Governorate, a branch in Basra Governorate, and the Diwaniyah branch in Qadisiyah Governorate.” link
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Tishwash: The European Union organizes a workshop in Basra on central administration and the wealth distribution system
The European Union organized a workshop in Basra on central administration and the wealth distribution system.
Basra Governor Asaad Al-Eidani stressed during the workshop that the distribution of wealth has limitations for the poorest areas as well as areas with high population density, in addition to areas that were damaged by the wars that Iraq witnessed.
He added that Basra has three resources for distributing wealth in the budget, which are: regional development, border crossing revenues, and petrodollars. Basra may not be given its full revenues, which are according to the constitution, due to the financial situation and challenges facing the country. He pointed out that during the past two years there are debts owed to the governorate that must be given those entitlements.
Al-Eidani explained that "the infrastructure projects being implemented in the province have contributed significantly to improving the economic situation in various housing units, noting that house prices in the province have witnessed a noticeable doubling during the past few years, reaching ten times their previous value.
Al-Eidani pointed out that these improvements reflect the impact of development projects on improving the standard of living and enhancing the value of real estate assets in Basra." link
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Tishwash: MEPS24: US Consul in Erbil highlights promising economic opportunities for Iraq
On Saturday, Steven Bitner, the US Consul General in Erbil, spoke about the "economic opportunities" that will bring significant benefits to both Iraq and the United States.
During a panel discussion at the Middle East Peace and Security Forum (MEPS24) at the American University in Duhok, the Kurdistan Region, Bitner stated that "the strategic agreement between the two countries encompasses various aspects, including economic, cultural, health, and environmental cooperation, as well as strengthening mutual relations."
"For the past twenty years, security and political concerns have dominated the relationship between the United States and Iraq. However, recent efforts have focused on economic opportunities that will benefit both countries," he noted.
Notably, MEPS24 features participation from the President of Iraq, the Speaker of the Iraqi Parliament, the President of the Kurdistan Region, and numerous local, Arab, and international officials.
Organizers of the two-day forum emphasize that it includes panel discussions, seminars, and workshops on the situation in the Middle East and the world. "The forum aims to build bridges of cooperation between participating countries, discuss problems and solutions, and explore the role of society in the Middle East." link
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Mot: . Bet You Didn't Know!
Mot: ..... at Long Last!!! Michael rows his boat ashore
Decoding the Global Currency Reset (GCR/RV): An Overview
Decoding the Global Currency Reset (GCR/RV): An Overview
Awake-In-3D November 23, 2024
Uncover the origins, key components, and future implications of the Global Currency Reset (GCR).
The Global Currency Reset (GCR) is more than just a buzzword in global economics—it’s a concept that has sparked both curiosity and debate. Whether you’re new to the idea or have been following its evolution, understanding the GCR requires a clear grasp of its origins, driving factors, and potential outcomes. In this article, we’ll explore how the Global Currency Reset could reshape financial systems worldwide, addressing long-standing economic imbalances and redefining monetary stability.
Decoding the Global Currency Reset (GCR/RV): An Overview
Awake-In-3D November 23, 2024
Uncover the origins, key components, and future implications of the Global Currency Reset (GCR).
The Global Currency Reset (GCR) is more than just a buzzword in global economics—it’s a concept that has sparked both curiosity and debate. Whether you’re new to the idea or have been following its evolution, understanding the GCR requires a clear grasp of its origins, driving factors, and potential outcomes. In this article, we’ll explore how the Global Currency Reset could reshape financial systems worldwide, addressing long-standing economic imbalances and redefining monetary stability.
Introduction: What is the Global Currency Reset?
The Global Currency Reset (GCR) is a transformative framework in global economics, focused on recalibrating the world’s monetary systems to address imbalances, inequalities, and inefficiencies in currency values. For some, it is a beacon of hope, promising economic equity and sustainability; for others, it remains an elusive theory met with skepticism.
In this article, we aim to bridge the gap between newcomers eager to grasp the fundamentals of the Global Currency Reset and seasoned veterans refining their understanding of its intricacies. By exploring the origins, drivers, and implications of the Global Currency Reset, we’ll build a solid foundation for understanding this fascinating and often misunderstood phenomenon.
The Origins of the Global Currency Reset
The concept of a currency reset is not entirely new. Historically, monetary realignments have occurred during times of major global upheaval, such as wars, financial crises, or economic collapses. Key examples include:
The Bretton Woods Agreement (1944): Established the U.S. dollar as the world’s reserve currency, pegged to gold, and created a system for stabilizing exchange rates.
The Nixon Shock (1971): President Nixon ended the gold standard, transitioning currencies to a fiat system where values are no longer tied to tangible assets.
The Global Currency Reset builds on these historical precedents while introducing a modern, coordinated, global approach to recalibrating currency values.
Why is the Global Currency Reset Gaining Attention Now?
The growing focus on the Global Currency Reset stems from several converging factors:
Global Debt Crisis: Soaring national debts have made the current financial system unsustainable for many countries.
Economic Disparities: The wide gap between developed and developing economies highlights the urgent need for equitable monetary adjustments.
De-Dollarization: Many nations are actively seeking alternatives to the U.S. dollar as the dominant reserve currency, exploring asset-backed currencies and bilateral trade agreements.
Technological Advancements: Blockchain and digital currencies enable transparent and efficient global transactions.
These drivers fuel the Global Currency Reset narrative, prompting discussions about whether a reset will restore balance to the international financial system.
Key Components of the Global Currency Reset
While interpretations of the Global Currency Reset vary, several core elements remain consistent in most discussions:
Currency Revaluation (RV): The revaluation of national currencies reflects their true market value. Advocates argue this adjustment corrects decades of artificially manipulated exchange rates.
Asset-Backed Currencies: A shift away from fiat currencies to those backed by tangible assets like gold, silver, or other commodities. Proponents assert this increases transparency and stability while reducing inflationary pressures.
Debt Forgiveness: A restructuring or elimination of unsustainable national debts represents a necessary step to provide struggling economies with a renewed economic framework.
Unified Financial Systems: The creation of a global framework for fair trade and financial cooperation. This could involve updated International Monetary Fund (IMF) practices or entirely new institutions.
How the Global Currency Reset Will Be Implemented
The implementation of the Global Currency Reset and the associated Revaluation of Currencies (RV) hinges on innovative financial systems that address the limitations of the current fiat-based and centralized monetary structures. A promising vision for the Global Currency Reset/RV involves the integration of gold-backed currencies, blockchain technology, decentralized ledgers, and a multi-polar cross-border payment infrastructure.
Gold-Backed Currencies: A Return to Tangible Value. The cornerstone of this strategy is the transition from fiat currencies to gold-backed systems. Unlike fiat money, gold-backed currencies derive their value from physical reserves of precious metals, offering transparency and stability. Countries adopting this model peg their national currencies to specific quantities of gold or other tangible assets, ensuring intrinsic value. This approach curbs inflation, restores confidence in national currencies, and reduces reliance on speculative monetary practices.
Blockchain Technology: A Transparent and Secure Foundation. Blockchain technology provides the ideal infrastructure for a transparent and tamper-proof Global Currency Reset system. By leveraging decentralized ledgers, participating nations digitize gold reserves, with each unit of currency represented by a digital token backed by physical gold held in secure reserves. Blockchain ensures accountability by tracking and verifying all transactions and monetary adjustments in real time. Its transparency reinforces trust, while its security features protect against fraud and cyber threats.
Decentralized Ledger Systems: Reducing Reliance on Centralized Systems. A decentralized ledger system aligns with the goals of a multipolar world by reducing reliance on centralized systems. This structure ensures equal participation, where all nations, regardless of size or economic power, have an equitable voice in decision-making. Distributed governance manages monetary policies and exchange rate adjustments collaboratively through consensus mechanisms. Decentralization mitigates risks associated with centralized points of failure, ensuring fairness and resilience.
Multi-Polar Cross-Border Payment Infrastructure. The Global Currency Reset requires a robust and independent payment system to facilitate cross-border transactions without existing centralized frameworks like SWIFT or U.S. dollar hegemony. A multi-polar payment system achieves this by diversifying settlement currencies, using a basket of gold-backed digital currencies from multiple nations instead of a single reserve currency. This infrastructure promotes bilateral and regional trade, enabling nations to trade directly using their gold-backed currencies. Blockchain-enabled systems ensure instant settlements, reducing costs and delays.
Coordinated Adoption and Integration. For the Global Currency Reset to succeed, adoption and integration will be carefully orchestrated. Pilot programs will test gold-backed digital currencies within national economies to refine the system before full-scale implementation. Participating nations will establish international agreements on currency valuations, reserve audits, and blockchain interoperability. Developing a shared blockchain standard ensures seamless transactions and compatibility across borders, minimizing disruption during the transition and equitably distributing the benefits.
Supporters and Critics of the Global Currency Reset
The GCR community includes a diverse range of supporters, from economists and policymakers to grassroots advocates. Proponents highlight its potential to address global economic inequalities, stabilize volatile currencies, and create a more equitable financial system. However, critics question the feasibility of the Global Currency Reset, citing logistical complexities of coordinating a global reset, risks of unintended consequences such as market instability, and concerns over the motives of those promoting the reset, especially in speculative markets.
Implications for the Global Economy
A successfully implemented Global Currency Reset will initiate a new era of financial stability and cooperation. Key outcomes include economic realignment, where developing nations benefit from fairer currency valuations, boosting trade and investment; reduced debt burdens, where restructuring or forgiving debts frees up resources for infrastructure and development; and a shift in power dynamics, where a Global Currency Reset challenges the dominance of established reserve currencies, redistributing influence among emerging economies. Conversely, the failure of the Global Currency Reset risks exacerbating existing inequalities and deepening economic divides.
The Role of the Global Currency Reset Community
The growing Global Currency Reset community plays a crucial role in driving awareness and fostering dialogue around this complex issue. For newcomers, joining the community provides opportunities to learn, engage, and contribute to discussions about the future of global finance. For veterans, sharing knowledge and mentoring others strengthens the movement’s foundation.
The Bottom Line: A Vision for the Global Currency Reset
The Global Currency Reset is more than an economic concept; it is a vision for a world where financial systems are fair, sustainable, and inclusive. Whether you’re just discovering the Global Currency Reset or have been following its evolution for years, understanding its core principles is the first step toward meaningful engagement.
As we continue this series, we will delve deeper into the mechanics, implications, and controversies surrounding the Global Currency Reset, offering insights for both seasoned experts and curious newcomers. Stay tuned for our next article: Understanding Currency Revaluation (RV): The Basics.
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