Will a BRICS Bretton Woods Take Place in Kazan?

Will a BRICS Bretton Woods Take Place in Kazan?

Arcadia Economics: 9-25-2024

As the geopolitical landscape continues to evolve rapidly, all eyes are on the upcoming BRICS meeting set to take place in Kazan, Russia next month. Renowned journalist and geopolitical analyst Pepe Escobar has been at the forefront of reporting on this pivotal gathering, particularly focusing on the emerging proposal for a BRICS settlement currency known as the ‘Unit.’

The ‘Unit’ is a proposed settlement currency that aims to facilitate trade among BRICS nations without relying on the US dollar. As countries grapple with the implications of geopolitical tensions and economic sanctions, the need for an alternative currency becomes increasingly crucial. The ‘Unit’ could serve as a tool not just for trade, but also for creating a more interconnected and diverse global financial ecosystem.

The question now arises: will Kazan mark the dawn of a new financial era akin to the Bretton Woods Conference of 1944? While the situation is fluid, the stakes are undoubtedly high. If the BRICS nations successfully unveil a cohesive strategy that incorporates the ‘Unit’, it could redefine economic relations not just among its members, but also with the rest of the world.

The potential shift would not just challenge the dollar’s supremacy, but could also catalyze other regions to explore similar frameworks, seeking alternatives that reflect their specific geopolitical and economic realities.

As we approach the meeting in Kazan, anticipation grows. Will the BRICS nations be able to forge a path towards a unified settlement currency? If so, the implications for global economics could be profound. Economic analysts, policymakers, and investors alike will be watching closely as these developments unfold. Pepe Escobar’s insights serve as a reminder of the significant changes afoot in international finance, and the Kazan meeting may very well be a turning point in this ongoing saga.

https://youtu.be/rsi0e0ctxtY

https://dinarchronicles.com/2024/09/26/arcadia-economics-will-a-brics-bretton-woods-take-place-in-kazan/

“Tidbits From TNT” Thursday 9-26-2024

TNT:

Tishwash:  Prime Minister: We will switch to the correspondent banking system to conduct 100% of foreign transfers by early 2025

Iraqi Prime Minister Mohammed Shia al-Sudani said that Iraq will switch to a correspondent banking system to conduct 100% of foreign transfers early next year.

This came during discussions he held with US Deputy Treasury Secretary Wally Adeyemo and a number of officials in the ministry regarding the government's efforts and plans for economic and financial reform, the move towards diversifying sources of Iraqi output, enhancing development targets, and practical measures implemented in the field of combating money laundering.

Al-Sudani stressed that the government has made great strides in the financial and banking reform file and that 95% of bank transfers are made through the electronic platform, and the remainder will be completed by the end of this year.  link

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Tishwash:  Enhancing Transparency: Rafidain Barcode System for Iraqi and Foreign Company Incorporation Certificates

Rafidain Bank announced, today, Thursday, the adoption of the health of the issuance system via the electronic barcode system for certificates of establishment for Iraqi and foreign companies

 The bank's media stated in a statement received by {Al Furat News}, "Based on government directives to simplify procedures and automate data, Rafidain Bank announces the adoption of the issuance health system via the electronic barcode system for certificates of incorporation for Iraqi and foreign companies, in addition to working on the search, investigation and inquiry system via OFAC lists and lists affiliated with the Committee for Freezing Terrorist Funds (local and international)."

He added: "The aim of these procedures followed by the bank is to inquire and verify companies that have indicators of sanctions and bans, whether local or international, so the bank follows due diligence procedures to audit in accordance with Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015 and take the necessary precautionary measures." 

The bank confirms that the advantage of the barcode system lies in linking the bank and its branches to the ministry’s departments and cancelling the paper certificate verification process and transferring it electronically, saving time and speeding up the completion of transactions without resorting to the previous routine cycles. link

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Tishwash:  Masoud Barzani to a parliamentary delegation: There is an opportunity to legislate the oil and gas law

The President of the Kurdistan Democratic Party, Masoud Barzani, stressed today, Wednesday, September 25, 2024, that "the opportunity exists to legislate an oil and gas law to regulate the distribution of wealth."

During his reception of a delegation from the Parliamentary Finance Committee, according to a statement by the Parliamentary Media Department, received by "Baghdad Today", Barzani stressed "his desire to resolve the differences between the central government and the region, expressing his support for the Finance Committee's movement in this regard."

The meeting discussed, according to the statement, "the overall common situation and ways to resolve the pending issues between the central government and the Kurdistan Regional Government, in a way that establishes a new phase of cooperation, coordination and understanding based on respect for the Iraqi constitution."

Al-Atwani reviewed "the files that the Finance Committee delegation came to discuss with the Kurdistan Regional Government, most notably the implementation of the provisions of the Federal General Budget Law, the oil and national wealth file, the localization of employees' salaries, border crossings, taxes and customs, and other issues related to the financial aspect."

He stressed "the Finance Committee's constant efforts to find understandings that lead to radical solutions to the outstanding issues between the federal government and the region," stressing that "deferring the differences does not solve them, but rather increases their complexity."

Barzani praised the efforts of the Finance Committee "in terms of enacting laws, monitoring performance, and taking the initiative to end disputes."  link

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Tishwash:  Prime Minister stresses Iraq's openness to all forms of constructive economic partnerships

Prime Minister Mohammed Shia al-Sudani stressed, on Wednesday, Iraq's openness to all forms of constructive economic partnerships.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani received in New York today, Wednesday, the CEO of Dubai Ports Company, Sultan Ahmed bin Sulayem, which is one of the most prominent companies specialized in managing ports in the world."

He added that "the meeting discussed aspects of cooperation and the possibility of benefiting from the extensive expertise available to Dubai Ports in the field of rapid transportation of goods and re-export, especially its extensive and successful experiences in transporting goods between Asia and Europe, where bin Sulayem expressed the company's desire to cooperate with Iraq in this field, as well as the possibility of forming partnerships with the private sector in various industrial fields."

The Prime Minister stressed - according to the statement - "Iraq's openness to all forms of constructive economic partnerships," referring to "Iraq's efforts to use the available capabilities to implement the Strategic Development Road project, which is among the priorities of the government program; as it represents an important pillar for the non-oil economy and an opportunity to develop infrastructure and provide thousands of jobs and employment opportunities   link

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Mot: .. Time Flys When Ur Having Fun!!!.... 

Mot: ... Welcome to da Wonderland!!! 

“Coffee With MarkZ” Thursday Morning Chat 9-26-2024

PDK Note:  I only transcribe RV/Financial news and intel. Not political opinions or most guests on this podcast.    If a podcast is mostly political…I may not post much of it at all. Thank you

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning….. Is this another “Groundhog Day” or will something happen???

Member: I honestly FEEL this thing is ready to pop. Oct 1st is the beginning the Fiscal Year of both USA and Iraq. We will know much by Tuesday.     Imo

Member: Yes… Oct 1st seems promising

MZ: Dry on the RV front overnight….but, I have had confirmations from bond groups to bankers who are now expecting this weekend they will be full blown working.

MZ: A number of groups have been organizing in the hopes they will see the release very early next week.

MZ: I am hearing wonderful chatter and if even half of it comes to fruition it will be one heck of a week for us. Looking at the last day of September and first of October (Monday and Tuesday)

MZ: The big news in the DC area is a stop gap bill to avert the government shutdown. In the senate 78 to 18 to do the stop gap spending.

Member: They all need to go and take the debt they caused with them

Member: I honestly don’t believe Congress has had a balance budget in my lifetime and I’ve been around a while!

Member: Question mark: does it have to be printed in the gazette before we exchange or can we go privately before public/iraq public knows?

Member: I believe All private groups will go before public knows about it……hope we in the internet group on dinar sites are included in those groups.

Member: Thank You Mark, Zester and Mods..

Mark, I would really like to wake up one day to you telling me I don’t have to go to work. Can you make it happen for the love of God??

Member: Just praying super hard this is our “golden” weekend.

Member: Please Lord flip the switch

MarkZ New Discord link:  https://discord.com/invite/AxGE6k4pvx

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

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

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

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

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=6Z1sQ6DENpk

Iraq Economic News and Points To Ponder Thursday AM 9-26-24

Urgent| The Central Bank Of Iraq Decides To Refer The Babylon National Bank To Forced Liquidation
 
September 25, 2024  Baghdad/Iraq Observer  The Central Bank of Iraq decided to refer the Babel Al-Ahli Bank to forced liquidation.
 
According to a document issued by the Central Bank of Iraq, addressed to the Bank of Babylon, and received by “Iraq Observer,”  “It was decided to refer the bank to forced liquidation based on the provisions of Article No. 69 of Banking Law No. 94 of 2004.” She added:  “Appointment of Ahmed Abdel Mahdi Neama as liquidator of your bank.”

text of the document:    https://observeriraq.net/wp-content/uploads/2024/09/IMG_3517.jpeg
 
Yesterday, Monday, the US Treasury confirmed its support for Prime Minister Muhammad Shiaa Al-Sudani’s reform agenda.
 
The ministry said in a statement received by “Iraq Observer,” that
 
“Deputy Treasury Minister Wali Adeyemo met with Iraqi Prime Minister Muhammad Shia’ al-Sudani on the sidelines of the United Nations General Assembly to discuss
 
     reforming the Iraqi banking sector,
     financial relations with the United States, and
     combating illicit financing.” The statement added,
 
 “The Deputy Minister of Treasury congratulated Al-Sudani on the great progress Iraq has made in reforming the banking sector, which led to
 
     expanding Iraq’s international financial communication and
     increasing financial inclusion.”
 
Adeyemo affirmed, according to the Treasury statement,
 
“the Treasury’s support for the Central Bank of Iraq and Prime Minister Muhammad Shia al-Sudani’s reform agenda.”
 
The Deputy Minister of the Treasury praised the growth of the non-oil economy in Iraq by 6.0 percent, asking about “the steps the Prime Minister is taking to diversify the Iraqi economy from hydrocarbons, according to the US Treasury statement.”
 
It is noteworthy that the Central Bank continues to take procedures and requirements set by the US Federal Bank for the banking system in Iraq.   https://observeriraq.net/عاجل-البنك-المركزي-العراقي-يقرر-احالة/   

Publication Of The Environmental, Social And Corporate Governance (ESG) Standards Guide For Banks
 
September 25, 2024  Based on the decision of the Board of Directors of this bank No. (209) of 2024, which includes the adoption of the Environmental, Social, and Corporate Governance (ESG) standards guide for banks..For more, click here :       https://cbi.iq/static/uploads/up/file-172725786315494.pdf  
 
https://cbi.iq/news/view/2677    

The Economic Committee Supports Imposing Collection Fees On Services
 
The first 09/26/2024  Baghdad: Shaima Rasheed  The Parliamentary Economic Committee expressed its support for imposing collection fees on services.
 
Committee member Representative Yasser Al-Husseini told Al-Sabah that  “there is a trend to enhance non-oil revenues by imposing taxes and organizing collection better,” indicating that
 
“with regard to collection, the government has the right to impose fees on stable services such as water and sewage, but it must ensure continuity and quality.”
 
These services are before fees are imposed on them. 

Al-Husseini believes that  “the imposition of taxes must be linked to the presence of new economic activities, and that the government is obligated to activate its real non-oil resources, such as ports for example, which can generate good profits, making them an important source of income.” 

 He continued, "The government needs to address the gaps in collections and taxes to be able to transform these revenues into an actual source that finances the operational budget, employee salaries, and develops services." https://alsabaah.iq/103293-.html   

Why Is The Government Unable To Curb Foreign Banks' Control Over Financial Policy?
 
Economy ​ 09-22-2024, 16:15 |Baghdad today – Baghdad   Today, Sunday (September 22, 2024), Professor of International Economics, Nawar Al-Saadi, revealed the reasons for the government’s inability to confront foreign banks’ control over financial policy and foreign transfers.
 
Al-Saadi told "Baghdad Today",  "The government's inability to confront foreign banks' control over financial and monetary policy and foreign transfers is due to several main reasons, including
 
     internal challenges related to managing the economy, and
     regional and international pressures."

He added,  "Control over the banking sector in Iraq suffers from the influence of large international economic interests, especially   since many foreign banks dominate the Iraqi market through cross-border partnerships and interests."

He continued,  "This limits the government's ability to impose independent economic policies, and  
these banks may be linked to a network of regional and international interests that pressure the government through multiple channels, which makes taking radical decisions difficult."

 He continued,   “There are pressing regional factors, as international and regional powers such as the United States and European countries exercise political and economic influence in Iraq, including the banking sector, which hinders the government’s ability to bring about radical reforms.
 
In addition, the Iraqi economy is fragile and dependent on  This greatly affects external support and oil prices, which increases the impact of these external pressures on financial decision-making.”
 
The professor of international economics added:
 
“As for bearing responsibility, the blame cannot be placed on the Sudanese government now, since  
all successive governments ruling Iraq are all involved in these challenges, which are the main reason for the weakness of financial and administrative policies, and the widespread corruption in the banking system, in every way.”
 
This reinforces this phenomenon,” adding:
 
“Therefore, the matter requires broader coordination and a collective effort among all concerned parties to try to reduce the negative effects of foreign banks on the Iraqi economy.”

Al-Saadi concluded, "In general, it can be said that the Sudanese government, despite its promises of reform, is facing great difficulties as a result of external and regional pressures and international economic interests, in addition to the lack of preparedness of local institutions to deal with this situation effectively."
 
On Friday (September 20, 2024), the expert in banking affairs, Nasser Al-Kanani, stressed the need for Iraqi banks to have a specialized committee working to address failures and problems in the banking sector.
 
Al-Kanani said to “Baghdad Today” that  “the Iraqi government’s step towards forming a higher committee aimed at developing treatments for the work of banks is an important step, although it came late, as  there are many problems and failures in the banking sector, and  this sector in Iraq is still not developed and does not keep pace with development.” banking in countries of the world.

He added,  "The Iraqi government is moving towards forming such a specialized higher committee, after the recent Iraqi talks in New York between the Central Bank of Iraq, the US Treasury, and the US Federal Reserve, which stressed the need to develop the Iraqi banking sector."  https://baghdadtoday.news/258328-ما-السر-وراء-عدم-قدرة-الحكومة-كبح-سيطرة-البنوك-الأجنبية-على-السياسة-المالية؟.html   

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economics Updates Thursday Morning 9-26-24

Good morning Dinar Recaps,

RIPPLE VS. SEC: HOW THE COURT RULING SETS THE STAGE FOR RLUSD STABLECOIN LAUNCH!

Ripple’s Big Plans in “Uptober”!
Despite the rumors of SEC’s reappeal on XRP status, Ripple is poised for exciting developments next month. Monica Long, Ripple’s president, shared insights into the company’s plans, including:

▪️the upcoming RLUSD stablecoin launch

▪️enhancements to the XRP Ledger (XRPL)
▪️focus on global expansion.

SEC Case Resolved: A New Dawn for Ripple

The court ruling that XRP is not a security has provided Ripple with the clarity it desperately needed. Long noted that this victory benefits Ripple and sets a precedent for the entire crypto industry. Although the SEC might consider an appeal by October 7, however, Ripple remains optimistic about its strong position.

Ripple’s Imminent Launch to Pump the Network

Ripple is set to launch its RLUSD stablecoin by the end of 2024, pending regulatory approval. Backed by U.S. dollars and short-term Treasury bills, RLUSD aims to facilitate transactions for institutional investors without disrupting XRP’s market share. Given its favorable regulatory climate, Garlinghouse views Japan as an ideal market for RLUSD. The stablecoin is beta testing on the XRPL and Ethereum networks.

Beyond the stablecoin, Ripple plans to enhance the XRP Ledger.

Long hinted at introducing “Hooks” to bring smart contract capabilities, complementing existing features like decentralized exchanges (DEX) and automated market makers (AMM). These upgrades aim to make XRPL even more competitive in the enterprise-grade blockchain space.

According to the notable XRPL validator Vet, Ripple’s RLUSD stablecoin launch is nearing. Unusual minting activity, including the recent minting of 5,515 RLUSD tokens on Ethereum, has drawn attention; this raised the total circulating supply to 6,028 tokens and suggests an intensified testing phase. This latest issuance marks the largest since the project began in late August and aims to assess RLUSD’s performance across both the Ethereum and XRPL networks.

Meanwhile, the XRP community is buzzing with speculation about how RLUSD’s debut might affect XRP’s price. Some believe that if RLUSD equals the value of one XRP, it could lead to a significant price increase for XRP, currently valued at $0.5854, well below its previous $1 peak in November 2021.

Global Expansion: Shifting Focus to Asia

While regulatory challenges persist in the U.S., Ripple’s growth is accelerating in Asia, with 40% of its activities now based in the region. Moreover, both Garlinghouse and Long have noted the long-term partnership with Japan’s SBI Group as a crucial driver of XRP adoption, positioning Ripple as a significant player in the future of decentralized finance.

As Ripple embarks on this new chapter, it is set to innovate, expand globally, and redefine the roles of both XRP and the broader blockchain ecosystem.

@ Newshounds News™

Source:  Coinpedia

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Visa Introduces Tokenized Asset Platform for Blockchain-Based Financial Services

Visa has launched the Visa Tokenized Asset Platform (VTAP), a new product designed to help banks issue fiat-backed tokens on the Ethereum blockchain.

This platform aims to digitize and automate the trading of real-world assets, such as commodities and bonds, using smart contracts. VTAP provides financial institutions with the tools and infrastructure needed to tokenize fiat currencies, enhancing transaction speed and security. One of the first banks to use this platform will be Spain’s BBVA, which plans to roll out a live pilot in 2025.

@ Newshounds News™

Source:   Bitcoin News

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PayPal Expands Crypto Services: US Merchants Can Now Buy, Sell, and Hold Bitcoin

PayPal announced that it is now letting US merchants buy, sell and hold Bitcoin and cryptocurrencies directly from PayPal business accounts.

PayPal announced that it is now letting US merchants buy, sell and hold Bitcoin and cryptocurrencies directly from their PayPal business accounts. The new capabilities, however, will not be available for users in New York, the company said.

As demand for expanded cryptocurrency capabilities is on the rise, PayPal decides to bring up new offerings.

Jose Fernandez da Ponte, Senior Vice President of Blockchain at PayPal, said that since the company rolled out features allowing users to buy and sell cryptocurrencies within their existing PayPal and Venmo accounts, it has the opportunity to observe and analyze user behavior.

PayPal Opens The Door For Crypto Business

The new feature was a result of the insights PayPal has got. It aims to address the growing demand among business owners for cryptocurrency functionalities, according to da Ponte. PayPal expects the feature to help businesses interact with cryptocurrencies with ease.

“Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We’re excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly,” da Ponte stated.

Alongside the offering, PayPal also enables businesses to transfer their cryptocurrencies to “third-party eligible wallets.” This allows them to send and get tokens to and from external blockchain addresses like cold storage wallets, which could help enhance security.

@ Newshounds News™

Read more:  Blockonomi

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News, Rumors and Opinions Thursday AM 9-26-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 26 Sept. 2024

Compiled Thurs. 26 Sept. 2024 12:01 am EST by Judy Byington

Be Prepared – On Tues. 1 Oct. 2024:

U****c. ( no idea what this word is?) Corp. dissolves, ending the fiat monetary system and closing U****c. government. The privately owned Federal Reserve and IRS will shut down. Its fiscal year ends, and it’s been bankrupt since 2008. No Congressional budget approvals, just running on fumes with a fiat dollar.

The Cabal’s Blackrock – the Deepstate’s financial arm, controlling more wealth than entire nations has already declared bankruptcy.

45,000 ILA workers at major ports will go on strike as unions push for a 77% wage increase. Half of US goods go through those ports. For each day of the strike, it will take one week to recover, severely disrupting the supply chain. Stock up on goods.

All banks worldwide not Basel III Compliant (have gold backing to their monies) will be closed. The Basel III regulations could alter the real estate market in unprecedented ways.

In the first week of October the Emergency Broadcast System will activate and broadcast documentaries 24/7 on the state of the World.

With the QFS activation governments as we know them will shrink by 90-95%.

NESARA GESARA begins as countries worldwide activate the gold/asset-backed Quantum Financial System and Global Currency Reset. The BRICS nations will head the greatest wealth transfer in history. 134 nations are ditching the fiat US dollar and moving to gold-backed currencies. Each of these currencies will trade at a 1:1 ratio.

The new United States of America Republic will start its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.

OPEC+ nations may announce further cuts to oil production, potentially driving up global energy prices.

After a long hiatus, millions of Americans will have to resume paying student loans, impacting their disposable income.

LIBOR is slated to be replaced by SOFR, marking a significant change in financial benchmarks.

Several key corporate earnings reports and economic forecasts are expected, with the potential to greatly affect already volatile markets.

The imposition of new tariffs, as trade disputes between major economies escalate, threatens to impact the cost of imports and manufacturing.

Pandemic-related housing protections, such as eviction moratoriums and mortgage forbearance programs, are scheduled to expire.

Fears of a debt crisis in emerging markets continue to rise, fueled by climbing interest rates and global economic pressures, with potential fallout for currencies.

As October 1st marks the start of the new fiscal year for many organizations, we could see budget reshuffling, layoffs, or major strategic shifts.

All of these factors are driving us towards historic events that could change the direction of this country forever. The Deepstate is well aware that there’s no turning back after this point. Expect them to fight back with everything they have, because our future means the end of their reign. They don’t want you to reach that moment of victory.

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Global Currency Reset:

Wed. 25 Sept. 2024 Wolverine:

On Tuesday, October 1, 2024, U****c.(????) Corp. dissolves – ending the fiat monetary system experiment. The gold and asset-backed quantum financial system is ready, set, and taking over. On October 1, 2024, the U****c. corporation fiscal year ends and it has been bankrupt since 2008. There are no budget approvals from Congress, it just runs on fumes with a fiat dollar.

Now, the Federal Reserve and IRS will shut down along with it. And let’s not forget Blackrock, the financial arm of the Deepstate, which controls more wealth than entire nations. They have already declared bankruptcy. If a bank does not comply with Basel III (not gold backed), it will close on October 1st.

The first week of October will change everything. The Emergency Broadcast System will break the silence and reveal all hidden truths. Countries around the world are preparing to activate the Quantum Financial System (QFS).

The BRICS nations are also making their move, with the largest transfer of wealth in history. 134 nations are abandoning the fiat US dollar and moving to gold-backed currencies. Each of these currencies will trade on a 1:1 ratio, leveling the playing field like never before.

The new Republic begins. On October 1st, the United States will begin its new fiscal year with a gold backed US banknote as part of the global monetary reset.

Tues. 24 Sept. 2024: BREAKING! Steve Quayle Reveals Walmart Canada No Longer Accepts U.S. Dollars – A Harbinger of the U.S. Dollar’s Total Collapse – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2024/09/26/restored-republic-via-a-gcr-update-as-of-september-26-2024/

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

Bruce   [via WiserNow]  Some people believe, Oh, it's all going to go it's going to start on the first of October. That's not what we're getting. That's not what my sources are saying. They're saying we're going to get this before the end of the month, or by the end of the month...

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
On our television we're now seeing Kurdistan news on our television.  We are seeing the Kurdish news is now talking about Iraq is planning on a currency redenomination.  They're saying Iraq is going to delete the three zeros and this will bring value to the currency of Iraq and it will facilitate financial transactions.  FRANK: ...Does it get any better than that?!  ...Re-denomination means they will replace the 3-zero note with lower notes because the new exchange rate will only work with the new lower notes they're about to give you.

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The situation in Iraq is good. There’s no fear of a national crisis.

Nader:  9-26-2024

https://www.youtube.com/watch?v=DGPWEOn3uJ0

BE PREPARED: Nearly 50% of ALL US Imports to Halt Due to Massive Port Strikes on October 1st

Lena Petrova:  9-25-2024

https://www.youtube.com/watch?v=bnCOjC9X2-0

Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Electronic Money Transfers

Iraq Dinar News-Iraq Plans Redenomination of Currency-Value of it Related-Electronic Money Transfers

MilitiaMan and Crew:  9-25-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

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

Iraq Economic News and Points To Ponder Wednesday Afternoon 9-25-24

What Is Iraq's Connection? An Economist Diagnoses The Reasons For The "Pessimistic" Expectations Regarding Oil Prices In The Coming Months

 Energy   Economy News – Baghdad Financial expert, Aqbal Jabr Al-Muhammadawi, explained today, Wednesday, the reasons for the expectations that confirm the decline in oil prices in the coming months to $60, while he touched on Iraq’s position.

Al-Muhammadawi said in an interview with Al-Eqtisad News, "The return of the oil price fluctuations crisis in global markets with the importance of expectations and predictions regarding the expected decline in oil prices in the coming months according to the Citigroup Bank memorandum to $60 per barrel based on intellectual foundations and experiences in diagnosis, analysis, forming scenarios, estimates of building oil prices and studying the market."

He added: "It is clear that the atypical changes in geopolitical variables and other external factors affecting oil prices are being ignored, as well as the repercussions of market dynamics that keep pace with global, objective and realistic changes and developments."

He continued: "One of its most important results is obstructing Iraq's path following in the footsteps of Venezuela, Ecuador and others, due to reasons of vigilance, shock, and the return of realistic awareness and sound systematic thinking to form economic and financial decisions according to realistic and objective economic methodological foundations." https://economy-news.net/content.php?id=48003

Minister Of Transport Discusses With The International Maritime Organization Returning Iraq To The White List

Money and business  Economy News – Baghdad  On Wednesday, Minister of Transport Razzaq Muhaibis Al-Saadawi discussed with the Secretary-General of the International Maritime Organization, Arsenio Dominguez, in London, the procedures for returning Iraq to the International Maritime Organization’s white list.

The Ministry of Transport said in a statement, seen by "Al-Eqtisad News", that "Minister of Transport Razzaq Muhaibis Al-Saadawi, accompanied by MP Zahra Al-Bajari, Head of the Parliamentary Transport and Communications Committee, Chairman of the Iraqi Maritime Authority Abdul-Azim Ghafil, Director General of Ports Farhan Al-Fartousi, Director General of Maritime Transport Ahmed Jassim Al-Asadi, Maritime Attaché at the Iraqi Embassy and Deputy Permanent Representative to the Organization Mazen Al-Kaabi, visited the headquarters of the International Maritime Organization in London to discuss ways to enhance and develop joint cooperation between the two sides.

" The statement added, "The Minister of Transport met with the Secretary-General of the International Maritime Organization Arsenio Dominguez to discuss procedures for returning Iraq to the IMO's white list."

He continued, "Al-Saadawi reviewed the advanced stages that Iraq has reached in implementing international requirements in the field of protecting ships and the lives of workers in the maritime sector, and working towards a blue environment," expressing his hope that "cooperation between the organization and the Iraqi Maritime Authority will be in a broader field through exchanging visits to specialized workshops, to proceed with implementing all international requirements."

The Minister of Transport extended an invitation to the Secretary-General of the International Maritime Organization to visit Iraq and see the Iraqi maritime sector, while Dominguez appreciated the efforts of the Ministry of Transport to re-include Iraq in the white list of member states of the International Maritime Organization, stressing, "to respond to the invitation to visit Iraq, early next year." https://economy-news.net/content.php?id=48015

Rafidain Bank Announces The Collection Of More Than 3 Trillion Dinars Through Electronic Collection Transactions From State Departments And Institutions Within 9 Months

Wednesday 25 September 2024 | Economic Number of readings: 188  Baghdad / NINA / Rafidain Bank announced the total amounts of financial settlements related to electronic collection movements from state departments and institutions that have activated electronic collection and switched to electronic transactions and collected bills and fees from beneficiaries electronically via bank cards and POS devices.

The bank stated in a statement that more than 3 trillion dinars is the value of the amounts collected during the first nine months of this year, indicating that this achievement represents the great interaction using electronic payment in financial transactions and ensuring the preservation of money movement paths and making them in a safe and transparent environment. / End9

https://ninanews.com/Website/News/Details?key=1157326

The Central Bank Of Iraq Decides To Close The Babylon Bank

Banks  Economy News – Baghdad   According to a document issued by the Central Bank of Iraq, addressed to the Babylon Bank, and received by "Al-Eqtisad News", it decided to "refer the bank to forced liquidation based on the provisions of Article No. 69 of Banking Law No. 94 of 2004. He added: "Appointing Ahmed Abdul Mahdi Nehme as liquidator of your bank."

https://economy-news.net/content.php?id=47992

Iraq Ranks Eighth Among The Largest Importers Of American Rice

Wednesday 25 September 2024 | Economic Number of readings: 120  Baghdad / NINA / While the United States of America represents less than 2% of global rice production, it ships nearly 5% of global exports, and is currently the fifth largest exporter. Therefore, exports are important for the rice industry in the United States, as about 45% of the crop is exported each year.

According to the US Department of Commerce, "Iraq ranked eighth in the largest importer of American rice for the year 2023."

The ministry stated in a table that "the countries importing American rice for the year 2023, Mexico came in first place as the largest importer of American rice with 638.1 thousand tons, followed by Central America in second place with 633.3 thousand tons, followed by Haiti in third place with 421 thousand tons, Japan comes in fourth with 293 thousand tons, and Canada comes in fifth with 250.7 thousand tons."

She added, "Colombia came in sixth place with 136 thousand tons, South Korea came in seventh place with 132 thousand tons, Iraq came in eighth place with 111.3 thousand tons, Saudi Arabia came in ninth place with 109.6 thousand tons, Venezuela came in tenth place with 82.4 thousand tons, Jordan came in eleventh place with 64.8 thousand tons, Taiwan came in twelfth place with 56.1 thousand tons, the Dominican Republic came in thirteenth place with 25.9 thousand tons, and the United Kingdom came in fourteenth place with 24.9 thousand tons."  https://ninanews.com/Website/News/Details?key=1157403

Parliamentary Opinion: Iraq Is Experiencing Stable Economic Conditions With A Financial Surplus

Economy  |  09/25/2024 Mawazine News – Baghdad  The Parliamentary Finance Committee confirmed that Iraq's financial and economic situation is good, and that revenues exceed the fears resulting from the possibility of a global decline in oil prices.

Member of the Parliamentary Finance Committee, Jamal Kocher, stated in a statement that "oil prices have not fallen to worrying levels, and therefore we are now in a stable economic situation with a financial surplus, and therefore we cannot talk about a crisis unless oil prices fall to less than $70."

He stressed that "Iraq has gone through many economic and oil crises in the past, but the financial situation has remained stable and there is no fear of a current crisis." https://www.mawazin.net/Details.aspx?jimare=255398

Oil Prices Stabilize, Brent Hits $75 A Barrel

Economy  |  09/25/2024  Mawazine News – Baghdad  Oil prices steadied on Wednesday after rising in the previous session as excitement over economic stimulus in China, the world's biggest crude importer, faded, but an industry report showing a drop in U.S. crude and fuel inventories supported the market. Brent crude futures were up 3 cents at $75.20 a barrel by 00:04 GMT,

U.S. West Texas Intermediate crude lost 2 cents to $71.58 a barrel. Prices rose about 1.7% on Tuesday after China announced its strongest economic stimulus since the COVID-19 pandemic, with interest rate cuts and government funding. But analysts warned that more fiscal aid was needed to boost confidence in the world’s second-largest economy, blunting the initial impact on oil prices from the announcement.

U.S. crude inventories fell by 4.34 million barrels last week, while gasoline stocks fell by 3.44 million barrels and distillate inventories fell by 1.12 million barrels, according to market sources, citing figures from the American Petroleum Institute on Tuesday.

https://www.mawazin.net/Details.aspx?jimare=255382

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Wednesday Evening 9-25-24

Good Evening Dinar Recaps,

BRICS NEWS:

BRICS EXPANDS: 23 COUNTRIES APPLY, 159 NATIONS ADOPT BLOCKCHAIN-BASED PAYMENTS

▪️23 countries have applied to join the BRICS alliance, with 24 more expressing informal interest, totaling 47 nations.

▪️BRICS is promoting de-dollarization, aiming to use local currencies for trade instead of the US dollar, which could impact various US sectors.

According to recent reports, 23 countries have formally submitted their applications to join the BRICS alliance before the 2024 summit, global economic shifts are taking center stage.

The BRICS countries, Brazil, Russia, India, China, and South Africa, have become popular among the new members of emerging markets, mainly from Asia, Africa, and South America, to expand their trade operations using

The growing interest in BRICS reflects a broader movement toward de-dollarization, where nations seek to reduce dependency on the US dollar for international trade.

The alliance has promoted local currency usage as a means of boosting economic independence, with developing countries viewing this initiative as beneficial to their own financial systems. 

In addition to the 23 nations that have officially applied, another 24 countries have expressed informal interest in joining BRICS, bringing the total number of potential members to 47.

This could be a major blow to some of the biggest industries in the United States since the country’s economic dominance has been rooted in the use of the US dollar internationally.

The de-dollarization process, strengthened by BRICS countries, maybe the first step in shifting the current world’s financial system paradigms.

Internal Divisions Emerge Over BRICS Enlargement Process
The next BRICS summit is planned for October 22-24 in the Russian region of Tatarstan, Kazan and will consider the admission of new members as well as other important issues.

However, the existence of the alliance has been marked by internal conflicts on the issue of expansion. While China and Russia have supported the idea of the expansion of the bloc, India has urged the need for a moratorium on the enlargement process for at least five years.

Key discussions at the summit are likely to revolve around trade agreements and the extended use of local currencies for cross-border transactions, a core objective of BRICS’ de-dollarization efforts. 

The expansion debate will be closely watched as the alliance continues to shape its role in the global economic landscape.

BRICS Explores Blockchain-Based International Payment System
Over the past few months, BRICS has increased its activities to develop new financial structures that are designed to weaken the dollar. 

As Crypto News Flash stated earlier, the bloc is now considering the possibility of creating an international payment system that will be based on the blockchain and will involve more than 159 foreign partners. It would prefer transactions in other currencies than the dollar, for example, the ruble or the yuan.

However, there has been a lot of misconception concerning the initiative, and it has been rumored that 159 countries had signed up for the system prior to its launch. However, such claims have been discredited, and there is no evidence to support such a high level of engagement.

BRICS’ pursuit of de-dollarization and alternative financial systems signifies a transformative period in international trade, where local currencies and advanced technologies could redefine economic interactions across borders.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

DTCC TOKENIZATION PILOT FINDS 'SIGNIFICANT' IMPROVEMENTS TO LIQUIDITY AND COLLATERAL OPTIMIZATION

The Depository Trust & Clearing Corporation’s latest blockchain pilot found “robust functionality and potential” for tokenizing Treasuries.

The Depository Trust & Clearing Corporation has announced the results of its U.S. Treasury Collateral Network tokenization pilot, finding “robust functionality and potential” for distributed networks.

Four investors, four banks, two central counterparties and three custodians participated in the experiment, which tested 10 different use cases. The financial privacy-focused Canton Network was tapped for the effort.

“The successful completion of this pilot proves that tokenized assets could be leveraged to optimize collateral,” Kelly Mathieson, chief business development officer at Digital Asset, a firm involved in the pilot, said in a statement.

The pilot was conducted between June and July to test the feasibility of “complex real-world transactions” like cloning and settling a “digital twin” for U.S. Treasuries. It also looked into real-time margin calls, asset recalls and other portfolio management services.

“In hypothetical default scenarios, secured parties seized pledged assets, transferring ownership in atomic transactions, ensuring legal certainty and control,” DTCC wrote in a press release.

Nadine Chakar, longtime blockchain advocate and global head of DTCC Digital Assets, noted in particular that the system “significantly” improved liquidity and collateral optimization.

DTCC has been experimenting with blockchain since at least 2020, when it launched a pilot program called Project Ion looking to test out alternative settlement methods. The firm is responsible for clearing several hundreds of trillions of dollars worth of transactions annually.

@ Newshounds News™

Source:  The Block

~~~~~~~~~

RIPPLE’S PARTNERS DLOCAL AND SHOPEEPAY EXPAND TO SOUTHEAST ASIA

▪️dLocal expands partnership with ShopeePay, reaching 200 million new e-commerce customers across four Southeast Asian countries.

▪️Ripple’s network strengthens in Asia as dLocal, Tranglo, and Instarem enhance cross-border payment solutions.

The most recent developments from Ripple’s ecosystem show considerable growth for its users and partners in the Southeast Asian e-commerce business. dLocal, a RippleNet-based payment platform since 2017, has announced an expanded relationship with ShopeePay, allowing its merchants to accept payments in four new markets: Thailand, Malaysia, Indonesia, and the Philippines.

This move significantly expands access to an estimated 200 million additional e-commerce buyers in Asia. The fact that ShopeePay is powered by Tranglo, another Ripple partner, adds to Ripple’s regional prominence.

dLocal Expands with ShopeePay Thailand, Adding Payout Solutions
Furthermore, dLocal does not limit itself to pay-ins. In conjunction with ShopeePay Thailand, the company is expanding its offerings to include merchant payout options. 

This dual functionality considerably improves the seamlessness of payment processing, allowing businesses to receive payments more swiftly while also handling disbursements with greater simplicity.

This cooperation underscores dLocal’s efforts to reestablish its footprint following a period of setbacks, demonstrating renewed growth and a commitment to growing its services in emerging regions.

Previously, CNF reported that Tranglo expanded its services to Brunei, with the goal of providing migrant workers with faster and more secure remittance choices using Ripple’s blockchain technology.

This expansion highlights the growing importance of blockchain in improving cross-border payment solutions, and Tranglo’s efforts to integrate Ripple’s technology demonstrate the potential efficiencies it may bring to financial transactions.

As we previously highlighted, Instarem, another Ripple affiliate, has also made considerable gains in cross-border payment procedures by integrating Apple Pay with their Amaze card.

This integration improves the convenience of contactless payments across borders via mobile devices, demonstrating how Ripple’s network of partners is always growing to provide cutting-edge solutions for a wide range of payment requirements in the digital era.

@ Newshounds News™

Source:   Crypto News Flash  

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GOLD RUSH! LETS DIG IN  | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team Currency Facts  

~~~~~~~~~

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Thank you Dinar Recaps

LITTLE BY LITTLE w/ G. Edward Griffin and Andy Schectman

LITTLE BY LITTLE w/ G. Edward Griffin

Andy Schectman:  9-25-2024

In today’s video, Andy reflects on a book that profoundly impacted his understanding of finance, history, and power structures—The Creature from Jekyll Island by G. Edward Griffin.

First published in 1994, this book uncovers the secretive origins of the Federal Reserve and dives deep into the world of banking, exposing the hidden forces shaping global economies.

Since his last reading, Andy has found even more meaning in Griffin's work. The book doesn’t just provide a history lesson—it reveals the mechanics behind financial systems, shedding light on how policies created in boardrooms ripple through society, often with devastating consequences for everyday people.

Andy explains how this eye-opening book has fueled his desire to educate and inspire others to look beyond mainstream narratives about money.

Whether you're curious about how the Federal Reserve came to be, or you want a better understanding of financial institutions’ roles in shaping our lives, this book has become a must-read for anyone passionate about financial freedom.

Andy shares his personal journey with the book, and how The Creature from Jekyll Island continues to resonate with him today, sparking conversations on truth, transparency, and control over our own futures.

https://www.youtube.com/watch?v=351Longuhlg

Wednesday Evening Chat With MarkZ 9-25-2024

Wednesday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

The first 5-10 minutes there is no sound and technical difficulties

Member: Good evening to Mark, Mods and fellow hopium addicts.

Member: Hear anything good today Mark?

MZ:” A Delegation from the Parliament’s Finance heads to Kurdistan to discuss these files” When they are talking about files- they are also talking about tables or dollars. This is important because it is about the HCL….and they are pounding out the differences.   This is another big one.

MZ: “The governor of the Central Bank announces the imminent adoption of telephones in the completion of banking operations in digital banks.” Almost every Iraqi has a cellphone and they are adopting online banking.  This will make revaluation stuff simpler. This is part of the “white paper” reforms. We are seeing steady progress.

MZ: I am getting absolutely overwhelmed with bond contacts  Looking and believe and who have been told they will be completed early next week by the start of the new US fiscal year on Oct 1. It has become a deafening roar that they all expect funds on Monday or Tuesday . These are non NDA people….whereas the NDA people expect it sooner.

MZ: We will see if it comes to fruition.

Member: What does that mean for us ?

MZ: It means we most likely will go about the same time . As I understand it.

MZ: No update on CMKX…yet.

Member: I’m new. What is CMKX?

MZ: It’s the stock ticker for CMKM Diamonds. This is the largest lawsuit ever won against the United States. The SEC has pulled a lot of shenanigans and defrauded a bunch of people. We won the case in a landmark decision against the United States government. This is part of the settlements and we the stockholders want paid. The money is sitting around in trusts somewhere and Al Hodges and Mr. Mayhew tied it to asset backed dollars. …otherwise we would have already been paid in fiat dollars. .

MZ: That is the short of it .  .

Member: Thanks all….enjoy your evening….hope we all wake up to notifications.

MarkZ New Discord link:  https://discord.com/invite/AxGE6k4pvx

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

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

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

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

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

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

Youtube:     https://www.youtube.com/watch?v=sPEpa-Zkqcs

Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24

Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call - it is Tuesday, check my date on this -  September 24th and you're listening to the big call. Thanks everybody for tuning in tonight. Thank you, wherever you're listening. All over the globe - big call universe out there, we're excited and we welcome you're being welcomed into the big call tonight. I'm excited about what I want to share tonight – I know Sue is and Bob is also, so let's go ahead and pray  the call in.

Let's get into the Intel portion of the call and see where we are. First thing I want to talk about is the idea that as of tomorrow, 25th of September, there are no more  privatized  central banks around the globe. No more privately held, privately owned central banks.

Now, most of the Central  banks had orchid that might have been Rothschild that might have been what do you call it some of the other hierarchical people that own the banks.

And remember, our own Federal Reserve is one of those banks that is almost totally dissolved. It'll be gone by October 1, and might be gone mark, because the Fed is dead, basically, and that was owned by, I thought it was about 300 private individuals  based in Europe. I'm not positive about that. That's what I think I remember.

So, yeah, the fed was our Central Bank -  and now our central bank is the New People's Treasury, and this is what's based out there in the bayou reservation in Nevada, and that don't worry about anything. We paid off all our debts as far as the government is concerned – and we  have boo coo funds available in our new let's call it New People's Treasury.

Some of the guys referring to it as the people's treasury. I mean, be careful that, because it sounds like the People's Republic of China, but it's not.

This is our new treasury, which is ready to go with new USN on the designation on the bank screens and Forex as United States new – some say US Note -  but it is our new currency – no longer  USD for dollar.

Now, we may get switched around a bit, but right now, the USTN  - United States Treasury note is what we should have as our actual folding / put it in your pocket,  put it in your purse -  put it in your money clip type of cash money, okay, United States Treasury note.

Now, when will that come out? When will it be out? Out? We know it's in the banks we know it's in redemption centers but when will we see it ?  Own it – hold it  and pass and take it?  Probably after the NESARA is introduced  - which should be starting  October 1, which is a week from tonight, it should be starting then -  going back to Central  banks.

 Remember I told you -  I think it was last Thursday -  maybe a week ago today -  I told you about the Iraqi Bank, which was the Central Bank of Iraq – remember? the CBI. Well, the CBI became the SBI Sovereign Bank of Iraq, and that was they’re referring to their “new” central bank as their new central bank, as the sovereign Bank of Iraq. SBI, okay, no more CBI it’s  SBI  

And speaking about that and  Iraq - there was a flight made of some dignitaries and security teams last Sunday afternoon out of Iraq. It was coming to the US to meet with President Trump  and Judy Shelton and  some other people here, probably 20 and that was to put some things together.

I don't know what the results of that were when they're here or not, and whether they get it back to Iraq or not, but that is one little piece that came in, and for today, we're first  to bring that out  so that’s good.

Also, we are hearing we heard yesterday, which was a nonfall day, as you guys know, on Monday, Monday that one of our bond pay masters said that he understood that we would be getting our notifications, which is those are the emails which contain the 800 number for us to dial up to the call centers  and book our appointments - he said, in his opinion, what he was being told that would occur either today or tomorrow.

Well, it did occur today, but tomorrow is definitely in play to receive the 800 numbers, and we got another piece that came from our military -  part of the US Space force, they came in and said that the opinion of this person was through our additional military contacts that we would be notified tomorrow, Wednesday the 25th  

Now realize that you guys know when we get the numbers, when we get the emails that contain the 800 number, it's game over, because that is well over 50% of the game it's when we get those numbers, 800 number, and set our appointments. It's man, it's Katie  bar the door. It's all over but crying. We're ready to go. We're ready to set our appointments. We set our appointment, and then we go. It's that simple.

So at the redemption centers, I know that let's see. Was over the weekend, we had rates coming up on screens, not all the rates, though, this was as of Friday last Friday, with some rates showing on redemption center screens and rates coming up on bank screens for populating slow, blinking slowly, and that indicates that they get ready to stop and get solid, then we have those rates in that are potentially tradable.

That was not the case – as of Friday , and it was hard for us to have that during the weekend, but I believe probably by now or by tomorrow, things are moving along where we have those rates intact.

Hopefully that's the case. I know that. And we don't do rates per se on the big call. I told you guys, they should offer you the contract rate for your Dinar, and it's tied to the per barrel price of oil that is being sold out of Iraq, not to Iraq, but by Iraq to Egypt -  Turkey, to other countries that Iraq is exporting oil to, and and we did find out, let's see, what was that – one other thing?

One other thing that salaries are being paid out, I believe that either today or tomorrow, tomorrow, salaries in Iraq are being updated and paid out. And that's good. When they catch up on that and they get salaries paid in newly revalued dinar that is now it won't matter in country as much as it will for us, but that's a really good thing down rate don't have it

It was doing well upwards, and the hope is, course, that it produced to move up, and anything else is more or less. You know, I told you guys a long time ago, I think that most of those currencies except for zim and except  for the Dinar  and maybe, yeah, except for the Dong – those three -  

They're going to be stand outs -  really good, but the other currencies are going to be in the 4- $7 range, or that's where it is. But anyway, I think guys, if our intel holds up, and I've said this before, I know, but if it holds up and I’ve said this before – and watch me after the call tonight, I'll get slammed with some new Intel, probably tonight, late, maybe tomorrow.

But that doesn't help me, no, does it? That doesn't give me something to talk about right now on the call, but I think we're really we should get it now. Some people, and I know if you're reading online, and many of you do, you see things about October 1. So let's talk about what October 1 is.

One it's start of the new fiscal F-i-s-c-a-l -  fiscal, not physical.  Fiscal Year starting October 1. That'll be the last dayof the current Fiscal year Is September 30. Okay, so October 1, if I know my in my brain, calendar is also a week from tonight, a week from today, I have been told that this will go – meaning  our RV, our 800 numbers will go before the end of September, or by the end of September.

Some people believe, Oh, it's all going to go it's going to start on the first of October. That's not what we're getting. That's not what my sources are saying. They're saying we're going to get this before the end of the month, or by the end of the month, and we expect to see restitution and reclamation  allowance.

 We're also expecting to have debt forgiveness this month, although I'm going to make this a caveat -  we think that NESARA and we also heard President Trump today talk about GESARA – Global - economic, strategic and Recovery Act. GESARA is looming, looming, and that's what he said at his rally today in Savannah, Georgia.

So that's looming. And if GESARA is losing, I think NESARA is also looming -  And it could be that they both start being brought out October 1. I don't have that definitively -  except, but I believe that makes sense.

The new USN, the our new ustn, currency. Other aspects of NESARA, our new President Trump, is pushing for a 15% corporate tax rate,  but remember our consumption tax under NESARA for new goods and items, 15% for that as well.

 So you know that means that new items would have 15% in the price in contained within the price of new goods. Okay, that's what the intention is under NESARA

And that, if I understand that that 15% would be divided between states, individual states and collect tax and the federal government. I don't know if it's a 50/50, split. It might be favoring one or more than the other, but that is supposed to be what this contained under  NESARA  - debt relief, mortgage.

Zeroed out -  credit card balances are zeroed out, our restitution, Reclamation allowance coming back to us , all these things are part of NESARA. So will that start now, or will that start on October 1? I don’t know – We don’t know that -  we don't have that definitively, but I think it's around the corner for us.

Obviously, we're looking at the rate, rates and the exchange and the 800 numbers to get the RV and our blessing underway. That's our first concern, and the other things are added on to us. I guess you could say – we get that later.

So that's what I wanted to bring to you guys tonight. I feel good about where we are - I wish we knew absolutely that we would be getting notifications tomorrow, but we don't know that absolutely will. But let's see what happens. Let's wait and see

Okay, let's just see where this goes. I think we're halfway through our week, you know, Tuesday, oh Thursday, if we don't, but otherwise, we're ready to go a regular roll. And I'm hoping that we get numbers tomorrow and either start exchanges tomorrow or Thursday. Charlie Ward’s Thursday, all right, so we'll see what happens.

Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24  REPLAY LINK  Intel Begins 56:36

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHg0Y

Bruce’s Big Call Dinar Intel Thursday Night 9-19--24  REPLAY LINK  Intel Begins   1:11:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgae

Bruce’s Big Call Dinar Intel Tuesday Night 9-17-24  REPLAY LINK  Intel Begins 1:02:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH56t

Bruce’s Big Call Dinar Intel Thursday Night 9-12-24   REPLAY LINK   Intel Begins   1:13:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5uP

Bruce’s Big Call Dinar Intel Tuesday Night 9-10--24  REPLAY LINK  Intel Begins 1:07:27

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5TN

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 9-25-24

Good Afternoon Dinar Recaps,

ETHEREUM IS A ‘DICTATORSHIP,’ CLAIMS CARDANO FOUNDER CHARLES HOSKINSON

Hoskinson says the Ethereum network is more like a “dictatorship” where Vitalik Buterin exerts too much influence over the development of the decentralized network.

Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, its founder Charles Hoskinson said.

Speaking to Cointelegraph at Token2049 in Singapore, Hoskinson attacked Ethereum’s governance model, claiming it relies too heavily on its co-founder Vitalik Buterin for direction.

Hoskinson said that blockchains can elect to keep the protocol forever simple, like Bitcoin, or “pick a king” to run things. However, Cardano’s new governance model solves the “governance trilemma” of “efficiency, effectiveness and integrity” by using delegated representatives and a members-based organization called Intersect to distill complex governance topics down for a vote.  

“If you have those three things, then you have a fair shot of avoiding the anarchy of Bitcoin or the dictatorship of Ethereum, and you actually have something that can move forward with one voice, but it’s still decentralized at the end of the day because it represents everybody.”

Pressed to explain his controversial remark comparing Ethereum to a dictatorship, Hoskinson stated that Ethereum’s “entire vision” starts and ends with the 30-year-old Buterin.

Hoskinson at Token2049 in Singapore. Source: Cointelegraph

“Everybody looks to him for the roadmap. Everybody looks to him for inspiration, and he’s also the only person who has enough power to rally people,” he said. “If you were to remove him from the equation right now, what’s the next hard fork going to look like, and how quickly can they actually get there?” he asked.

Hoskinson said Buterin was primarily responsible for altering the Ethereum roadmap away from sharding-based optimization of the base chain and toward rollups and layer-2 networks for scalability.

In recent months, the Ethereum roadmap has been heavily criticized for empowering “extractive L2s” as fee revenue and activity on the L1 dropped.

“Where does this idea of embracing layer 2s or rollups come from? Was it some random Ethereum engineer — or was it Vitalik Buterin writing a blog post about it, talking about it, and advocating for it?”

Although Hoskinson believes Ethereum is heavily influenced by Buterin’s vision, Buterin does not wield unilateral power in the decentralized network.

The blockchain uses a mix of offchain and onchain governance, including the Ethereum Foundation and community and stakeholder input into Ethereum Improvement Protocols, with critical decisions taken at core developer meetings. Contentious decisions can result in a hard fork, as happened with The DAO hack rollback that resulted in Ethereum Classic.

Hoskinson was one of eight original co-founders of Ethereum and CEO of the Ethereum Foundation, but his for-profit vision for the protocol clashed with Buterin’s and the young creator fired him from the project at a meeting in Switzerland in 2014.

While Hoskinson conceded that he had played a broadly similar role in shaping Cardano since 201, he said the network’s new governance model is designed to ensure that “Charles, alive or dead, doesn’t matter. There’s still going to be innovation on a daily basis.”

Cardano’s Chang hard fork in early September turned its Cardano (ADA) asset into a governance token, enabling holders to elect representatives and vote on development proposals and on funding for community projects. The founding entities that have guided the project so far — the Cardano Foundation, Input Output Global and Emurgo — can no longer trigger forks and upgrades.

Hoskinson said the interplay between the members-based organization of researchers and engineers — dubbed Intersect — and the delegate representatives is a much more “collaborative model” that functions with or without an active founder.

“They can talk to each other, vote, and come up with and use a blockchain-based government to ratify a roadmap on a regular basis,” said Hoskinson.

Cardano is still working on finalizing a constitution that will likely set hard limits on some core issues, such as supply and how governance works.

@ Newshounds News™

Source:  CoinTelegraph

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IRELAND TO STREAMLINE LICENSING PROCESS FOR CRYPTO BUSINESSES

Ireland's Central Bank is enhancing its authorization process for crypto companies as the European Union prepares to implement the Markets in Crypto-Assets Regulation. Deputy Governor Derville Rowland announced this development during a speech at AFME's 8th Annual European Compliance and Legal Conference on September 23, 2024.

The authorization process, which crypto businesses must complete to operate legally in Ireland, involves regulatory approval of a company's financial stability, risk management systems, and compliance with anti-money laundering regulations. 

Rowland stated, "We have been working to continually improve our authorisation process," adding, "Better risk assessment, better communication and better supervisory outcomes have been the output of that work."

This move comes as part of Ireland's preparation for MiCAR, a EU-wide regulatory framework for crypto-assets. MiCAR aims to establish consistent rules across EU member states for crypto-asset issuers and service providers. "We are working closely with our EU Peers and the ESAs to ensure the necessary coordination and consistency across Europe," Rowland said.

Rowland highlighted the significant potential of blockchain technologies: "We can see the many areas where the blockchain has significant potential to bring about positive change, even transformation, in how we do things. Whether this be tokenisation of investment products or improvements in post-trade infrastructure and interoperability, there are important positive stories to tell."

The Central Bank aims to strike a balance between innovation and risk management. "It is important that these benefits can be realised, whilst also ensuring that the risks are well understood and managed." Rowland also noted the key role of regulation: "Regulation plays a crucial role in the safe, and therefore enduring, adoption of innovation into the system."

Concerns Over Implementation And Compliance
While this move aims to simplify procedures, some industry representatives express concerns about potential challenges during implementation. "Talking about regulations in this industry is good, as governments are getting ready for mass-adoption.

The problem is, how will these regulations hinder development, and most importantly, deployment," says Daniel Logvin, CEO at LedgerByte. "Compliance is a very tough thing to achieve, especially when lots already have systems that work," Logvin adds.

"It provides increased regulatory clarity, which will help support institutional trust, investor confidence and consumer protection," notes Susana Esteban, Managing Director at FTI Consulting. However, she cautions that "It adds more compliance responsibilities (and potentially costs) for crypto companies and traditional financial entities working with digital assets."

Ireland's Potential As A Crypto Hub
According to an October 2023 article by Ben Strack in Blockworks, Ireland's appeal to crypto companies has been growing for years. The Irish government launched an "Innovation Hub" in 2018, facilitating engagement between fintech firms and the Central Bank of Ireland.

Coinbase opened its Dublin office in late 2018, while Gemini became the first Virtual Asset Service Provider (VASP) in Ireland in July 2022. MoonPay gained VASP status in August 2023, and Kraken received E-Money Institution authorization in September 2023.

"We welcome regulatory clarity and continued improvement and enhancements by regulators to adapt regulations to both protect users and markets but also balancing out the need to continue to foster innovation and growth," says Gracy Chen, the CEO of Bitget. 

Certainly Ireland is always high on the list for innovative companies to be based there as a global financial centre, its membership and access to the European Union as well as its favourable business environment including its deep talent pool. This certainly helps to encourage crypto-companies to consider Ireland more seriously as a base."

"If Ireland pairs this with tax incentives or a business-friendly environment, it could become a hub for crypto firms, but this legislation is EU wide and it may have some competition for business," suggests Richard Lofthouse the Head of Risk and Data Science at InFlux Technologies.

Balancing Regulation With Innovation In EU
MiCAR regulates previously uncovered crypto-asset activities in the EU, including their issuance, custody, administration, and trading on platforms and exchanges. 

"This could position the EU as a leader in crypto regulation, but being a leader in rules doesn't always translate to success in the market. It's important for the EU to find a balance between strong regulation and allowing room for innovation to stay competitive globally," Logvin states.

Esteban concludes, "Regulatory certainty can be a competitive advantage. MiCAR provides regulatory guidelines, which could make EU-based crypto businesses more attractive to institutional investors and partners, boosting their global credibility."

@ Newshounds News™

Source:  Forbes

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GENSLER IGNORED DIGITAL ASSETS IN CONGRESSIONAL TESTIMONY BEFORE 4 HOUR GRILLING ON CRYPTO

Gensler defends SEC's stance on crypto amid congressional criticism over lack of clear regulations.

SEC Chair Gary Gensler faced criticism during yesterday’s congressional hearing over the agency’s approach to regulating cryptocurrencies despite omitting any mention of digital assets in his written testimony. 

Lawmakers and SEC commissioners questioned the effectiveness and clarity of current strategies, highlighting concerns about “regulation by enforcement” and the absence of explicit guidelines.

House Financial Services Committee Chairman Patrick McHenry noted that the House had passed the FIT 21 Act to establish clear rules and robust consumer protections in the digital asset ecosystem. “More than two-thirds of the House, including 71 Democrats, rejected Chair Gensler’s approach to digital assets by supporting clarity and consumer protection,” McHenry stated during the hearing.

The FIT 21 Act’s definition of decentralization was a point of contention. Some lawmakers questioned whether setting a 20% ownership threshold and allowing anonymous self-hosted wallets could hinder enforcement efforts and regulatory oversight.

Commissioner Hester Peirce criticized the SEC’s reliance on enforcement actions without providing clear regulatory guidance. “It’s a very bad approach to trying to regulate an industry if you’re trying to protect investors,” Peirce said. She emphasized that this method is inefficient, leaving market participants uncertain about the SEC’s authority and compliance boundaries.

Commissioner Mark Uyeda echoed the need for the SEC to articulate how existing securities laws apply to digital assets. “The Commission, for instance, could have articulated, specifically in the context of crypto and digital assets, how you apply this test,” Uyeda remarked, referring to the Howey Test used to determine whether an asset qualifies as a security.

Despite these criticisms, Gensler maintained that current laws regarding digital assets are sufficient and explicit. Gensler asserted,

“Regardless of where somebody stores their ledger if they tokenize a security—an equity, a bond, or an investment contract—it’s important to make sure that the investors and the investing public have the disclosures they need.”

He argued that tokenization does not alter the fundamental economics of an asset being a security.

Concerns were also raised about the influence of celebrity promotions and potential “pump and dump” schemes in the crypto space. Representative Bill Foster questioned whether the SEC has adequate authority to address issues where influencers promote investments without disclosing compensation. 

“I’ve heard concerns from industry participants about influencers, bloggers, celebrities, and others that use their celebrity status to promote investments without disclosing that they are, in fact, being paid to do so,” Foster said.

Gensler responded by saying,

“I would say I think the laws are strong. I mean, it’s always gaps in resources and we get, uh, on, on average a year 40 to 50,000 tips, complaints, and referrals. That’s, uh, What, 4, 000 a month or so.

And, uh, we, we have to prioritize those tips and complaints and referrals.”

The divide between the SEC’s current regulatory approach to crypto and the desire for more precise guidelines became evident throughout the hearing. 

While some commissioners believe that statutory definitions from Congress are necessary, others argue that the SEC could utilize its existing authority more effectively to provide clarity for the crypto industry.

The SEC’s written and oral testimony centered on topics like cybersecurity incidents, conflicts of interest in securitization markets, and enhancements to public reporting and data transparency.

However, the agency’s omission of any direct references to cryptocurrencies in its testimony highlights the tension between its priorities and the concerns of lawmakers and industry participants seeking regulatory clarity in the rapidly evolving digital asset landscape.

The call for clear rules of the road and robust consumer protections remains a pressing issue, with stakeholders advocating for a regulatory framework that fosters innovation while safeguarding investor interests.

@ Newshounds News™

Source:   CryptoSlate

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HOW PARAGUAY IS REDEFINING BLOCKCHAIN SOVEREIGNTY WITH LEGALEDGER – NO MORE GAS FEES!

▪️Paraguay launches Blockchain Chamber, promoting sovereign blockchain innovation for government, finance, commerce, civil, and military applications.

▪️Legaledger, built on Hyperledger and Besu, eliminates transaction gas fees for military and legal operations under law 6.822/21.

Paraguay has taken a significant step in the blockchain arena by establishing the Paraguayan Blockchain Chamber, aimed at fostering financial innovation on a sovereign blockchain.

The chamber’s spokesperson and director, Ricardo Prieto, discussed the initiative’s main focus: developing blockchain solutions for both public and private sectors, including government, finance, commerce, civil, and military ecosystems.

The project, named Legaledger, is built on the Hyperledger and Besu platforms, marking it as the world’s first third-generation blockchain network with national sovereignty. It uniquely features an exemption from gas fees for transactions involving military and legal security, in accordance with Paraguayan digital law 6.822/21.

Prieto highlighted Legaledger’s innovative fractal architecture design, which is the first to employ a dual blockchain mechanism (Hyperledger Fabric + Besu) and has the capability for regional and global replication.

“The Blockchain Network has an innovative fractal architecture design, the first with a double blockchain mechanism (Hyperledger Fabric + Besu) and regional and global replication capacity, thus achieving frictionless interoperability between all countries,” the director explained.

This design facilitates seamless interoperability across countries. He referenced a recent report from the Bank for International Settlements (BIS) on the risks and uncertainties associated with Distributed Ledger Technology (DLT), emphasizing the challenge banks face in conducting due diligence and supervision due to reliance on third-party blockchains. The BIS report suggests operating with sovereign blockchain networks to provide legal security within a country.

In 2021, Paraguay enacted Law No. 6.822/21 concerning trust services for electronic transactions, electronic documents, and transferable electronic documents – referred to as the Second Floor Digital Law.

“With the Law, we began to design Legaledger (powered by Hyperledger Foundation + HSM), the first Blockchain Network with national sovereignty, without gas payments, with legal security and with the ability to be replicated in any country in the world with perfect interoperability. Frictions between all participating countries.”

With this law, Paraguay began designing Legaledger, powered by the Hyperledger Foundation and HSM, creating the first blockchain network with national sovereignty that does not require gas payments, offers legal security, and can replicate in any country with perfect interoperability.

“The idea of creating a third-generation blockchain network arises from the need to offer legal security to procedures and transactions carried out on blockchain, something that is practically impossible in global blockchain networks”.

Another benefit of this initiative is the digitization of governmental, civil, and military judicial procedures, and the tokenization of financial assets and real-world assets (RWA), all with absolute legal security. This effectively eliminates identity theft and fraud risks, such as rug pulls, according to Prieto.

Challenges have since the project’s inception in 2021, particularly in tokenizing real estate assets. Discussions with legal advisors revealed potential fraud risks in the approach, highlighting the distinction between possession and ownership.

The public registry, which involves notaries and others to secure transactions on paper, ensures legal security for property ownership, which is not guaranteed by public blockchain tokens alone.

Legaledger is designed to be fractal and can be implemented across companies, conglomerates, states, and countries, maintaining interoperability for what is called sequencing, publishing procedures, or transactions, including international operations.

“No country in the world has the digital law that Paraguay has (Law 6.822/21), however, in many countries apartments and other physical assets were being tokenized that did not actually connect real rights with the tokens created on public blockchains, as we know this is very easy.

Each country has its Public Property Registry Agency, in which notaries and others participate, to control the operation that is carried out on paper, to provide legal security regarding the ownership of the object in question.”

To perfect tokenization with legal security, a unique digital law is necessary to allow digitalization of rights over tangible and intangible assets on a sovereign Blockchain network. 

The resulting tokens must be managed and safeguarded within the network and can be bought, sold, or transferred digitally to anyone or any institution worldwide with legal certainty and without repudiation.

Ultimately, countries implementing a sovereign blockchain network with legal security will become an international digital jurisdiction, meaning the country will achieve a high level of procedure digitalization and asset tokenization within a legal framework and application scope without repudiation, concluded the spokesperson for the Paraguayan Blockchain Chamber.

@ Newshounds News™

Source:  Crypto News Flash

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GCR - RV BREAKDOWN |  Youtube

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Source: Seeds of Wisdom Team Currency Facts 

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