News, Rumors and Opinions Saturday AM 10-5-2024

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 Sat. 5 Oct. 2024

Compiled Sat. 5 Oct. 2024 12:01 am EST by Judy Byington

Possible Timing: (Rumors)

On Tues. 1 Oct. 2024 the US Inc. Corporation ended their fiscal year without further funding by Congress from the fiat US Taxpayer Dollar, ending the fiat monetary system.

Tues. 1 Oct was also the deadline for all banks to close worldwide which were not Basel III Compliant (have gold backed currency).

On that same Tues. 1 Oct. the Quantum Financial System Global Currency Reset (allegedly) activated with at least 144 countries currencies being gold/asset-backed and trading at a 1:1 with each other, including the new gold-backed US Note of the new United States of America Republic.

On Tues. 1 Oct. 2024 the new United States of America Republic (allegedly) began its new fiscal year under a gold-backed US Note.

Wed. 2 Oct. 2024: 150 bankers who were holding up the RV were (allegedly) arrested today.

On Thurs. 3 Oct. 2024 Iraq celebrated their Independence Day.

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Global Currency Reset: Everything was done. Nothing new to report.

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Global Financial Crisis:

Fri. 4 Oct. 2024: Expert Says US Dollar is Nearing The ‘End of the Line.’ With the BRICS bloc increasing its opposition to Western hegemony, one expert has noted that the US dollar is likely nearing the ‘End of the line.’ Indeed, the currency has faced a growing de-dollarization movement on a global scale. With an economic crisis burgeoning in the country, it could spell a perfect storm for the greenback struggle.  The BRICS group has firmly embraced a position against the dollar in its policies.  That has led the way to increased local currency promotion that carries it ever closer toward a multipolar world. With the 2024 annual summit nearing, there could be even greater de-dollarization developments.  That is especially true with the BRICS Pay system nearing an official launch. https://x.com/bricsinfo/status/1842261098109763958?s=46&t=KbeHKcWo9iYbqqIySY5EJA

Operation Sandman is a collaboration of 100+ nations in agreement to simultaneously sell off their US Treasury holdings, sending them back to the US to collapse the US Dollar.

The 12 reserve banks are private corporations controlled by unelected members in the private sector.

For the last 24 hours Google has not put out any stock market news from Europe.

Read full post here:  https://dinarchronicles.com/2024/10/05/restored-republic-via-a-gcr-update-as-of-october-5-2024/

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

Militia Man  World Bank [report] today praising Iraq, is in line with ample work is being done and yet to be reported. With as good as that report is and there is more to come that is suggested to be even better is amazing.

Frank26    We know everything up to the float is done.   To make it international will take you from the float to the REER.

RayRen98   THE CLOCK IS "NO LONGER" TICKING...IT'S DONE!  ALL CURRENCIES ARE SET TO "GO" THIS TIME...NO TECHNICAL ISSUES PRESENT.

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Central Banks Desperate Action to Avoid Currency Collapse with Matthew Piepenburg

WTFinance:  10-4-2024

On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg. Matthew is a Partner of Von Greyerz AG and critic of current monetary policy actions of central banks.

During this conversation we spoke about his thoughts on the economy, why there is a debt trap, no expectation of real growth in the future, private vs public debt, calculating US Dollar devaluation, precious metals and more. I hope you enjoy!

 0:00 - Introduction

1:42 - Current thoughts on the economy?

7:16 - Concentration of growth

12:38 - Private vs public debt crisis

 26:31 - Calculating US Dollar devaluation?

 32:26 - Can they decrease the deficit?

40:16 - Why nothing about gold or silver?

50:10 - One message to takeaway?

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

MilitiaMan: Iraqi Dinar Update - Iraq Dinar News -World Bank - Report - Central Bank Governor: Mechanism in Euro

Iraqi Dinar Update - Iraq Dinar News -World Bank - Report - Central Bank Governor: Mechanism in Euro

MilitiaMan and Crew:  10-4-2024

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=N9aAElIn8uo

Seeds of Wisdom RV and Economic Updates Saturday Morning 10-5-24

Good Morning Dinar Recaps,

XRP CASE NEWS : SEC APPEAL AGAINST RIPPLE DOCKETED

The battle between the SEC and Ripple does not seem to end in the near future as the appeal by the commission against court order dated August 7 has been docketed. This move has started another round in this conflict. Though sec has submitted the appeal notice, it still has time to submit the complete appeal briefing. But Ripple’s leaders are not backing down. They remain confident that they are on the winning side of the law.

SEC Appeals Ripple Case Decision
The SEC has officially filed its appeal in the Ripple case, registering it with the United States Court of Appeals for the Second Circuit.This comes after Judge Analisa Torres, ruled out that not all sales of XRP are securities and she put a civil fine of $125 million on Ripple for institutional sale of XRP tokens.

Attorney James K. Filan confirmed the filing and shared screenshots of the appeal that is now docketed under case number 24-2648. The appeal brings the legal clash between Ripple and the SEC back into the spotlight.

Ripple’s Legal Team Responds
Stuart Alderoty, Ripple’s Chief Legal Officer, didn’t seem too surprised by the SEC’s move. In fact, he called it disappointing but not unexpected. According to him, the court had already dismissed the SEC’s accusations that Ripple acted recklessly.

There were no fraud allegations, and no one suffered any losses. He hinted that Ripple might even file a cross-appeal, but either way, the company is ready for whatever comes next.

Ripple’s CEO Speaks Out
Ripple CEO Brad Garlinghouse wasn’t shy about sharing his frustration. Posting on X (formerly known as Twitter), he slammed the SEC for continuing the case. According to Garlinghouse, the SEC’s actions haven’t helped protect investors. Instead, they’ve damaged the credibility of the agency itself.

He pointed out that Ripple, the crypto industry, and even the rule of law have already won in court. Garlinghouse is clear—XRP’s status as a non-security won’t change, no matter what the SEC tries next.

Internal Shake-ups in Commission
A spokesperson for the SEC explained the agency’s reason for appealing. They believe the district court’s ruling contradicts decades of legal precedent set by the Supreme Court. The SEC is eager to argue their case in front of the appellate court.

At the same time, the SEC’s Enforcement Director, Surbir S. Grewal, has announced his resignation. He’s stepping down from his role on October 11, sparking questions about internal disagreements over the Ripple case.

@ Newshounds News™

Source:  Coinpedia

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COINBASE TO DELIST USDT AND UNAUTHORIZED STABLECOINS IN EU BY YEAR-END UNDER MICA REGULATIONS

Coinbase, a leading cryptocurrency exchange, has announced plans to delist all unauthorized stablecoins, including Tether's USDT, from its platform in the European Economic Area by December 30, 2024

Coinbase has announced plans to delist all unauthorized stablecoins, including Tether's USDT, from its platform in the European Economic Area by December 30, 2024.

This move is in response to the European Union's new Markets in Crypto Assets (MiCA) regulations, which require stablecoin issuers to secure e-money authorization in a member state.

The MiCA regulations, which became effective in June 2024, aim to ensure regulatory compliance and consumer protection within the EU's cryptocurrency market.

Coinbase's decision to delist non-compliant stablecoins underscores its commitment to adhering to these new regulatory standards and addressing non-compliance issues.

@ Newshounds News™

Source:  The Defiant

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HK’S BANK OF EAST ASIA TESTS STABLECOIN ISSUANCE USING UDPN

Hong Kong’s Bank of East Asia (BEA) recently conducted a proof of concept (PoC) involving issuing stablecoins using the Universal Digital Payments Network (UDPN). It tested both the issuance and redemption of stablecoins (minting and burning) and trialed a mobile application for clients.

Today most stablecoin usage happens in the cryptocurrency world or jurisdictions where consumers are keen to access dollars. One reason stablecoins haven’t gone mainstream is because of missing pieces of infrastructure. However, that is changing, meaning stablecoins will become increasingly competitive with bank payments, especially cross border. Banks are not standing by. They’re engaging in multi-bank tokenized deposit trials and issuing their own tokenized deposits or stablecoins.

The UDPN is a multi-faceted project supporting the issuance of stablecoins and tokenized deposits, as well as providing an interoperability layer between different digital currencies, including central bank digital currencies (CBDCs).

“Through our PoC with UDPN, we gained insights into global practices on Central Bank Digital Currencies (CBDCs) and the mechanism of stablecoins,” said the BEA’s Stephen Leung, Group CIO, General Manager and Head of Technology and Productivity Division.

“Experiments were conducted on the issuance of stablecoins, as well as the transfer and swapping between CBDCs and stablecoins. Cross-chain interoperability was also examined between stablecoins and digital currencies on different blockchains. This has laid (an) important foundation for any partnership opportunities that may arise in the future.”

Earlier this year the bank took part in a DLT repo transaction with HSBC involving digital green bonds issued by Hong Kong.

The UDPN was founded by Red Date Technology, the co-founder of China’s Blockchain-based Service Network (BSN) and the international BSN Spartan Network. Its development partner is the GFT consultancy. Earlier this year it launched a sandbox for banks.

Hong Kong’s digital currency activities
Meanwhile, the Hong Kong Monetary Authority (HKMA) is running at least three digital currency sandboxes, although this PoC was not part of them. The HKMA recently announced the expansion of its retail CBDC sandbox to include tokenized deposits. Plus, it has a sandbox for stablecoins and another for the institutional use of wholesale CBDC, which is part of Project Ensemble.

@ Newshounds News™

Source:   Ledger Insights  

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STABLECOIN ISSUER TETHER TO DEVELOP NEW SOLUTION FOR EUROPEAN MARKET

Tether is preparing to launch a new technology specifically for the European market. This strategic move comes in response to changing regulatory frameworks in the region, especially as MiCA (Markets in Crypto Assets) regulations come into full effect.

As part of the adjustment, Coinbase has announced plans to delist non-compliant stablecoins, including Tether’s USDT, from the European Economic Area (EEA) by December 30, 2024. This shift could reshape the landscape for European crypto users.

Stablecoin Market and MiCA
The new crypto regulation of the EU, MiCA, is designed to bring more safety and control to the cryptocurrency sector. However, these new sets of rules also pose risks for certain stable coins like USDt. The regulation requires at least 60% of the stablecoin reserve to be held in EU based banks however many banks in Europe can only insure deposits up to $100,000.

This poses high risk for stablecoins like USDt. Paolo Ardoino expressed his concerns about the risk this regulation can pose for stablecoins as well as banking systems.

Although some aspects of MiCA create obstacles, Tether praised the EU for building a well-structured regulatory environment. This framework, they say, is essential for the long-term growth of the industry.

Coinbase’s Deadline for Delisting Stablecoins
Coinbase has set December 30, 2024, as the deadline. By this date, all non-compliant stablecoins will be delisted in the European Economic Area. It’s a significant move for Europe however stablecoin services for other regions will remain unharmed. Several other exchanges like OKX and Bitstamp have already taken similar steps, preparing for MiCA’s full implementation.

Circle’s USDC, a stablecoin that meets MiCA’s requirements, is expected to remain available for European users. Coinbase users in European financial zones holding USDt or other non-compliant stablecoins must convert them. They will need to switch to compliant ones like USDC before the deadline.

Tether’s Response to MiCA
Tether is addressing the regulatory changes by creating a technology solution designed specifically for Europe. Although they haven’t shared the full details yet, the company indicated that the solution will focus on meeting the needs of Europe’s stable and structured economy.

This new initiative is part of Tether’s larger plan to keep a strong presence in the European crypto market, even with the regulatory challenges.

What This Means for Crypto Users?
Despite these hurdles, Tether is positive about its future in Europe and is working directly with regulators to develop workable solutions. For European users, Coinbase’s delisting and MiCA’s new rules mean that you may need to reconsider which digital assets to hold. Switching to MiCA-compliant stablecoins like USDC is one option to ensure your portfolio stays secure under the new laws.

Tether’s upcoming product could also provide new opportunities for users who prefer USDT, but it’s important to stay informed and prepared for the coming changes.

@ Newshounds News™

Source:  Coinpedia

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Iraq Economic News and Points To Ponder Saturday AM 10-5-24

Large And Dangerous" Economic Risks Await Iraq If It Becomes Involved In The Iran-Israel Conflict
 
Economy ​ 10-2-2024, 15:43 |Baghdad today - Baghdad   Economic expert Ahmed Al-Tamimi warned today, Wednesday (October 2, 2024), of the economic danger of dragging Iraq into conflict with the United States of America. Al-Tamimi said in an interview with “Baghdad Today” that   “trying to drag Iraq into conflict with the United States of America has great and dangerous economic risks for the internal Iraqi situation, especially since the economic situation is still completely controlled by the American dollar, and any conflict with Washington will prompt a dollar crisis.”
 
This could paralyze the Iraqi economy.”

 He stated that  "Iraq depends for everything regarding its various imports on the dollar, through legal frameworks through the platform or through the parallel market, and  any American step  towards Iraq regarding the dollar will have serious effects on all Iraqi markets, and  for this reason one must be careful not to drag Iraq into conflict with America."
 
Therefore, Iraq would like to maintain good financial, economic and other relations with the American side to ensure the stability of its economic conditions.
 
Professor of International Economics, Nawar Al-Saadi, revealed on Sunday (September 29, 2024) how Lebanon’s developments will affect the Iraqi economy and the oil market during the next stage. Al-Saadi said in an interview with "Baghdad Today",
 
"With regard to the impact of the recent events in Lebanon on the Iraqi economy and the oil market,
 
we can say that the repercussions will be different based on several factors, the
 
     first of which is that the Iraqi economy depends heavily on oil exports, and
 
     any major escalation in the region." It may lead to a rise in oil prices in the short term due to fears of supply disruption or increased geopolitical risks in the Middle East region.
 
This rise may be positive for Iraq in terms of oil revenues, but it may impose new challenges related to revenue management and the stability of financial markets.”  

He stated,  “On the other hand, supply chains may be affected if the situation deteriorates further, especially if navigation or air transport lines in the region are disrupted under these circumstances, and
 
Iraq may face challenges in importing basic materials or equipment necessary for industrial projects, which "It may put pressure on development plans."  

Al-Saadi added,  “With regard to the influence of the Iraqi armed factions, any direct or indirect interference in the conflict may expose Iraq to American pressure, including imposing restrictions on dealing in the dollar, and
 
the United States previously used the card of banning the dollar to pressure governments, especially those that...  “It contributes to regional destabilization, which may deepen the financial crises in Iraq and increase the cost of foreign trade transactions.”  https://baghdadtoday.news/259111-مخاطر-اقتصادية-كبيرة-وخطيرة-تنتظر-العراق-في-حال-انخرط-بصراع-ايران-وإسرائيل.html   

Parliament Is Preparing To Approve The “Most Important” Law To Recover State Funds From The Corrupt
 
Money and business  Economy News  Member of the Parliamentary Integrity Committee, Yousef Al-Kalabi, announced today, Thursday, the completion of the second workshop to mature the law for recovering state funds from the corrupt,
 
stressing that the law will be voted on before the end of the current legislative term. Al-Kalabi said in a press interview,
 
 “The committee has completed the second workshop on the Corruption Assets Recovery Law, which is considered one of the most important laws in the House of Representatives.”

 He added,  "This law completes the legislative deficiency in the process of recovering, seizing, and accessing funds.
 
The committee hosted representatives of many departments and state institutions, including the
 
     Financial Supervision Bureau, the
     Supreme Judicial Council, the
     Integrity Commission, the
     Bar Association, and   others." Al-Kalabi pointed out that  “the Parliamentary Integrity Committee is seeking broadly and carefully to legislate the law on importing money from corrupt people because of its importance, especially since
 
some of the corrupt people’s money has turned into assets, real estate, and trade, and when an order is issued to recover the money, we find that the corrupt money has multiplied several times.”

 He stressed that  "the House of Representatives has completed the first reading of the law on importing corruption funds, and  a report will be submitted to complete the second reading of the law, provided that it will be voted on before the end of the current legislative term."
 
Observations 155     10/03/2024 - https://economy-news.net/content.php?id=48301   

Supporting The Iraqi Economy.. The Government Takes A Series Of Decisions And Measures To Activate The Role Of The Private Sector
 
Economy / investigations and reports    Yesterday, 21:31  Baghdad - IA
 
Supporting the private sector and creating job opportunities, priorities emphasized by the government program of Prime Minister Muhammad Shiaa Al-Sudani, were supported by plans to invest in the role of this sector in diversifying the economy, reducing dependence on oil, and contributing to creating sustainable development.
 
Activating the private sector
 
This trend was supported by unprecedented government decisions, including a decision issued by the Council of Ministers on January 31, 2023, amending the prices of petroleum products for private and mixed sector projects, so that the price of black oil supplied to oxidized asphalt plants would be at a price of 35% of the international bulletin price, provided that it does not exceed The price of one ton is 250 thousand dinars, with a quantity of about 70-100% of the design capacity, and the situation is kept as it is for the factories that receive black oil at a price of 100 thousand dinars per ton, and for the rest of the factories at a price of 150 thousand dinars per ton.
 
As well as introducing the private sector into the implementation of new residential city projects by a decision of the Council of Ministers dated March 7, 2023.
 
The Council of Ministers took a set of decisions on March 28, 2023, which included writing off the amounts of professional fees and construction permit fees owed by industrial projects, the amounts of fines owed by commercial companies, and the amounts of fines owed by taxpayers resulting from the application of Article (30) of the Real Estate Tax Law No. (126) of 1959..
 
Government decisions also included granting sovereign guarantees to the private sector in the tripartite budget to support the establishment of laboratories and factories and establishing agricultural projects, proposing a new vision for grants to the private sector to achieve reform efforts, activating the laws in force that care for workers in the private sector, ensuring their retirement, and proposing a retirement and social security law in order to reform the legal environment. To operate the private sector and create jobs in it, which the House of Representatives actually voted on on May 17, 2023.
 
On April 7, the Council of Ministers voted to approve the issuance of investment and partnership instructions between the public sector and the private sector for the year 2024, based on the provisions of the Constitution and the Federal General Budget Law of the Republic of Iraq for the three fiscal years.
 
On June 4, the Council of Ministers issued several decisions to support the private industrial sector, which included obliging the Ministry of Oil not to cut the monthly fuel quota for all industrial projects, for any reason, as well as not to impose a month of maintenance on industrial projects and not to withhold the monthly fuel quota for this reason, and also a decision Providing all industrial projects with their actual shares of petroleum derivatives confirmed according to the need assessment list.

On July 23, and within the framework of developing and supporting the national industry, the Council approved the recommendations of the minutes of the meeting of the Dry Gas Committee for Investment Projects and the commitment of the Ministry of Oil to allocate and equip new industrial projects planned to be established in partnership with the private sector, by public companies in the Ministry of Industry and Minerals, in quantities of dry gas,

According to the quantities needed by these projects, according to a timetable for preparation, and at prices that achieve the economic feasibility of establishing these projects.

Quantities and prices are regulated through an agreement between the Ministries of Oil and Industry and with the approval of the Ministerial Council for the Economy.

Within the framework of the government's vision for economic reform and revitalizing the investment and development movement in the country, the Council of Ministers approved on August 18 the national strategy for bank lending prepared by the Central Bank of Iraq, including the recommendations and programs established in it.
 
The strategy aims to stimulate the growth of the Iraqi private sector by improving the business environment, attracting local and foreign investors, and increasing the credit granted to it from the non-oil GDP by 2029, as well as increasing credit to small projects from the non-oil GDP and financing nearly 100,000 projects.
 
Government procedures and openings
 
Within the framework of the measures adopted by the government to advance the private sector and make it a partner in the construction and reconstruction process, the government worked to end the wrong practices that hinder the work of the private sector and raise its contribution to the national economy by approving the recommendations of the Ministerial Council for the Economy and subjecting projects to fair competition on the basis of efficiency and confronting any extortion process.
 
The implementing companies may be exposed to it, in addition to facilitating the granting of entry visas to businessmen to Iraq, forming a follow-up cell to follow up on the implementation of projects, and firmly confronting any blackmail that the implementing companies may be exposed to, from any party.
 
In this regard, the Prime Minister also held a number of meetings, including a meeting with a number of businessmen, investors and project owners in the private sector, and a meeting with representatives of private sector companies specialized in implementing sewer network projects in Baghdad, during which he called on all private sector investors to seize the available opportunities. In Iraq.
 
On July 17, 2023, the Prime Minister chaired a meeting devoted to discussing the reality of the industrial sector in Iraq and the process of launching a new industrial initiative to advance this sector, in the presence of a number of advisors and representatives of the private sector.
 
On December 2, 2023, the Prime Minister announced the offering of 90 investment opportunities in partnership with the private sector in various industrial sectors throughout Iraq.
 
On December 6, 2023, the Prime Minister sponsored the signing of the partnership contract between the Iraqi Diyar Company (private sector) and the Saudi Northern Cement Company, in the first partnerships between the Iraqi and Saudi private sectors in the field of cement.
 
On March 9, the Prime Minister opened in Basra last March 9 factories and production lines for fertilizers, both types of fertilizers and urea, in partnership with the private sector.
 
He stressed that this partnership adds modern technology to the state and covers part of the budget requirements.
 
During his visit to the United States, which began on April 14, 2024, the Prime Minister decided to include a delegation from the private sector and Iraqi businessmen and women in the visiting delegation.
 
During the visit, the Prime Minister also sponsored the signing of similar memorandums of understanding between the Iraqi private sector and American companies in the fields of energy and pharmaceutical industry. On April 18, 2024.
 
On May 1, the Prime Minister inaugurated the continuous casting factory/first phase, at the General Company for Steel Industries, in the Taji area, north of the capital, Baghdad, after rehabilitating, modernizing and operating it, with a production capacity of up to 600 thousand tons annually.

He welcomed investors from the private sector in Iraq and greeted them.
 
Their step is to invest with companies of the Ministry of Industry and Minerals.
 
On May 9, the Prime Minister launched work on the Al-Ittihad Mills Project, in the city of Al-Madhatiya in Babil Governorate, and inaugurated the Al-Ittihad Company’s sugar factory expansion project, after adding new production lines for sugar production, raising the factory’s production capacity from (4,200) tons per day to (4,200) tons per day. 6000 tons per day, and a vegetable oil extraction plant, a plant feed production plant, and a premix plant were also opened in the company.
 
On July 5, the Prime Minister opened the second specialized workshop to support the private industrial construction sector, during which a cooperation agreement was signed between the Trade Bank of Iraq (TBI) and the German Export Credit Corporation, to finance private sector development projects.
 
Last July 20, the Prime Minister opened (4) factories for the Military Industrialization Authority, including the electric car production factory at the General Military Industries Company, implemented in partnership with the private sector.
 
Directions
 
On May 17, 2023, the Prime Minister issued a number of directives aimed at strengthening the partnership with the private sector and giving it more space in development fields.
 
Among these directives is the emphasis on partnership with the private sector, disbursing dues to private sector companies implementing projects, and providing job opportunities for young people by encouraging... Investment, attracting investors, and reviewing investment licenses granted in the governorates, in addition to giving priority to supporting the private sector and continuing to hold meetings with it.
 
The Prime Minister also confirmed on July 22, 2023, that the government has launched major projects with the participation of the private sector, such as manufacturing, petrochemical, and fertilizer industries projects, and
 
there are serious requests from local and regional companies to invest in gas, phosphate, and sulfur, in addition to integrated residential city projects, which include all economic activities.
 
Five cities were announced, and we are in the process of preparing the second phase in order to prepare them for investment.
 
He stressed that the private sector is a partner in the correct implementation of projects that address pressing service crises in all sectors.
 
While the government took steps, within its ministerial platform, to encourage the private sector, the government also worked in cooperation with the House of Representatives to legislate laws that would advance the private sector, such as the National Product Protection Law No. 11, the Consumer Protection Law No. 1, and the Competition and Antitrust Law No. 14.
 
Also, on August 1, the Prime Minister directed the formation of a committee from the departments of the Ministry of Construction, Housing, Municipalities and Public Works, which will undertake the process of opening and analyzing the offers submitted by private sector companies to build schools within the projects of the Iraq Fund for Development, as well as reviewing the contracts concluded with investors in building projects. school, auditing it, and indicating its conformity with the approved specifications and conditions.
 
Events and partnerships
 
Government support for the private sector included the participation of businessmen and women in the Iraqi-Egyptian Business Forum, which was held on June 13, 2023 during the Prime Minister’s visit to Egypt.
 
As part of government efforts to revitalize the private sector, the final statement of the joint Iraqi-Jordanian committee meeting on July 24, 2023 included support for the role of the private sector in increasing the volume of trade exchange between the two countries in the fields of industry, energy, investment, transportation, agriculture, environment, health and education, for the benefit of both countries. And the two brotherly peoples.
 
On September 3, 2023, the Ministry of Transport also signed an agreement with the International Finance Corporation (IFC) to rehabilitate and develop Baghdad International Airport.
 
It included the IFC providing consultations on the path to developing the role of the private sector and enhancing its entry into the arena of public services in partnership with the public sector and sectors facing challenges. Futurism.     https://www.ina.iq/218436--.html   

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

BRICS Intra-bank System Shook The World Bank and IMF: Is Dollar Finished?

BRICS Intra-bank System Shook The World Bank and IMF: Is Dollar Finished?

Fastepo:  10-4-2024

Another significant development is the launch of an intrabank system that demonstrates BRICS’ commitment to creating practical solutions for its members.

Russia and Iran have deepened their economic ties by connecting their national payment systems—Russia’s SPFS (System for Transfer of Financial Messages) and Iran’s SEPAM (System for Electronic Payment Messaging).

This integration allows both countries to conduct financial transactions in their own currencies, the ruble and the rial, bypassing the U.S. dollar and the SWIFT network.

The initiative is part of a larger effort to enhance economic sovereignty and circumvent Western sanctions that have limited both nations’ access to international financial systems.

Now, let’s discuss the dedollarization efforts by BRICS. The movement to reduce reliance on the U.S. dollar across the Global South is gaining momentum, particularly through initiatives led by major emerging economies like the BRICS bloc.

This surge in dedollarization is driven by the desire for financial independence and the need to mitigate risks associated with external sanctions.

https://www.youtube.com/watch?v=i2tGwtn_nwE

Friday Evening Chat With MarkZ 10-4-2024

Friday 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

Member: TGIF……RV?

MZ:  I do have 2 bank contacts planning on working this weekend.

MZ: There are some bond folks that will be meeting with paymasters this weekend to schedule things for next week….they are very hopeful….I hope this is it.

MZ We do have a number of banks doing some upgrades through the rest of the month and through the first week of November. Many of you guys are also getting messages from your banks. Maybe this is it??.

MZ: From Iraq: “Labor issues 15,000 Mastercard cards for full time appointees” Meaning Military and those getting pensions …moving forward with the humanitarian side of their budget.

Member: Best case scenario: Let’s say the funding for your bond folks do get funded….How does that impact us?

MZ: How is was explained to me many years ago: The bond holders would start to go en masse with real money…..then in the following days we would see fines and penalties, CMKX, Farm Claims and all of those go…..then days after that we would start getting our notifications and start going to the bank…They want to keep this quiet and out of the publics eyes. Then a week or two later they would publicly announce Nesara/Gesara.  This was my understanding 15-20 years ago. It kinda feels like things are playing out that way.

Member: (From Dinar Guru) Mnt Goat  Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!!

MZ:  It’s close – no matter which way you look at it…whether it’s after the election or the first of the year….I personally think its sooner. We all have opinions.

Member: Looking forward to this being the weekend we have been waiting for.   Fingers crossed.

Member: Have a blessed night everyone.

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...

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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=6kIB1oAkR9M

Seeds of Wisdom RV and Economic Updates Friday Afternoon 10-4-24

Good Afternoon Dinar Recaps,

XRP ADOPTION BY BRICS AND JAPAN CONTINUES, SEC APPEAL FAILS TO DETER

▪️PDespite the SEC lawsuit, the BRICS nations and Japan have continued to show interest in XRP.

▪️PThe coin has recovered from the losses triggered by the Appeal filed earlier this week.

Despite the uncertainty in the Ripple ecosystem, the XRP coin is gaining traction from prominent stakeholders and organizations. Earlier this week, the US Securities and Exchange Commission (SEC) filed an appeal in its Ripple lawsuit, potentially extending the legal battle it initiated in 2020.

As CNF mentioned earlier, the regulator’s move quickly reverberated across the community, resulting in price drops for XRP. Despite this shift, XRP is still attractive to users.

BRICS and Japan Pushes for XRP Adoption
Amid these challenges, the BRICS Alliance, an intergovernmental organization, and Japan continue to push for XRP adoption. In an X post, renowned analyst Crypto Tank said the SEC’s appeal filing had not deterred the BRICS and Japan from embracing XRP.

“SEC appeal won’t matter. BRICS and Japan are still adopting XRP, and they don’t care about the lawsuit one bit,” says Crypto Tank. The analyst’s comments reinforced opinions that XRP is crucial to the emerging financial system.

SEC appeal won’t matter. BRICS and Japan are still adopting XRP and they don’t care about the lawsuit one bit. Brad has even stated this before. XRP is the Heart of the New Financial System no matter what. Don’t get FUDded out…

— CryptoTank (@Tank2033js) October 2, 2024

He further highlighted a previous statement from Ripple’s CEO Brad Garlinghouse, describing XRP as the heart of the new financial system. Indeed, XRP’s characteristics as a bridge asset make it a popular choice amongst businesses and financial institutions.

Unlike other traditional payment networks, XRP is easily accessible, cheap, and has low to zero friction. These characteristics make the coin a more viable option for the BRICS alliance, which was created by countries seeking freedom from the US Dollar.

The BRICS nations initially comprise Brazil, Russia, India, China, and South Africa. In 2024, five new nations, including Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, joined the alliance. The alliance has promoted the use of local currency, thus reducing reliance on the US dollar.

Developing countries view this initiative as beneficial to their financial systems. Recently, the BRICS announced the development of its blockchain-based payment system. In a previous CNF article, Russian President Vladimir Putin says the system will enable BRICS nations to conduct international trade without interference from the Western financial systems.

Intriguingly, XRP adoption is also spreading across Japan. As revealed in a previous report by CNF, 80% of Japanese banks use Ripple for blockchain payments. This highlights the growing prominence of Ripple and XRP in the traditional financial sector.

Legal Battle Surrounding XRP
The SEC recently filed a notice of appeal against Judge Analisa Torres’s July 2023 ruling in the Ripple lawsuit. The ruling stated at the time that XRP sales to retail investors do not constitute securities transactions, giving Ripple a partial victory.

However, the court ruled recently that Ripple should pay a $125 million fine for violating securities laws through institutional sales. This amount is far less than the $2 billion the SEC had initially requested from Ripple.

With the appeal, most experts and community members expect the SEC to challenge XRP’s security classification when traded on exchanges. Notably, the regulator once filed an interlocutory appeal, which the court denied. Many community members hope the regulator will encounter a similar outcome this time.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

WILL SWIFT NETWORK’S UPCOMING TRIALS BOOST CRYPTO ADOPTION?

Here’s a look at banking network SWIFT’s upcoming trials for digital asset and currency transactions.

▪️SWIFT will conduct live trials for digital asset transactions in 2025, enhancing global finance.
The initiative aims to integrate various currency platforms for seamless cross-border transactions.

▪️The year 2024 has witnessed a surge in cryptocurrency adoption, largely driven by the launch and expansion of the ETF market.

In light of this trend, SWIFT, the global bank messaging network based in Belgium, is set to launch live trials of digital asset and currency transactions.

What benefits will SWIFT’s live trails offer?
This initiative will involve banks in North America, Europe, and Asia, connecting over 11,500 financial institutions worldwide.

Although SWIFT itself does not manage funds, its network facilitates secure communications and transactions among banks. This allows for the exchange of various financial messages.

Scheduled for 2025, these trials will mark a significant step in demonstrating how SWIFT can support the transfer of both digital and traditional assets across over four billion accounts globally.

This would showcase an advanced version of its infrastructure designed for real-world applications.

Remarking on the same, Swift Chief Innovation Officer Tom Zschach said,

“As new forms of value emerge, our intention is to continue offering our community the ability to seamlessly make and track transactions of all kinds of assets — using the same secure and resilient infrastructure that is integral to their operations today.”

For those unaware, the upcoming live trials will utilize SWIFT’s extensive global network to integrate various digital and traditional currency platforms seamlessly.

What’s more to it?
The trials will showcase how financial institutions can interchangeably transact across existing and emerging asset types.

This demonstration highlights the potential for banks to leverage their current SWIFT connections, thereby enhancing efficiency and accessibility in global finance.

Providing further insights on the matter, the firm added,

“Global financial institutions will have the ability to use Swift’s global platform to conduct pilot transactions for the settlement of digital assets and currencies.”

Additionally, SWIFT will transition from experimental trials to real-world applications of digital asset and currency transactions, beginning in 2025.

This initiative allows global financial institutions to utilize SWIFT’s infrastructure for seamless transactions across traditional and digital assets.

By enabling interoperability among currencies and networks, SWIFT seeks to simplify and secure cross-border financial exchanges.

This advancement reinforces SWIFT’s commitment to evolving in digital finance and positions it as a key facilitator of modern transactions.

Will CBDCs play a role?
That being said, SWIFT, which plays a crucial role in global banking, has been engaged in trials of both CBDCs and tokenized assets.

In March, the firm said that it would launch a new platform to connect CBDCs currently in development to the existing financial system.

As of the latest update, the SWIFT initiative involves different types of digital assets in combination across different platforms.

Therefore, Nick Kerigan, SWIFT’s head of innovation, put it best when he said,

“To successfully trade and settle a tokenised bond transaction, you need the cash and that’s where a tokenised deposit or wholesale CBDC comes in. It’s not good enough if you just have delivery or just payment, you need both.”

@ Newshounds News™

Source:  AMB Crypto

~~~~~~~~~

US CONGRESS WILL BE KEY IN DEFINING CRYPTO REGULATIONS POST-2024 ELECTION, EXPERT SAYS

With the 2024 presidential election just around the corner, crypto has gained significant momentum as a key issue in the race to the White House, especially with candidates Vice President Kamala Harris and former President Donald Trump expressing support for the digital asset industry.

However, law experts assert that it is not the US President who will ultimately determine the future of digital assets in the United States, but Congress.

Focus On Congressional Action As The Key
A recent report by Dr Tonya Evans, a professor at Penn State Dickinson Law, highlights that Vice President Harris has moved away from President Biden’s previously antagonistic approach to cryptocurrencies, largely driven by the Securities and Exchange Commission (SEC) and other regulators.

As reported by Bitcoinist, Harris now emphasizes a pro-innovation narrative, suggesting that blockchain and digital assets are crucial components of her vision for an “Opportunity Economy” to empower middle-class families and small businesses.

On the other hand, Trump has made headlines by promising to transform the US into the “crypto capital of the planet” and pledging to remove SEC Chair Gary Gensler from his position on his first day in office.

Despite these eye-catching promises, Evans believes that the President’s ability to enact meaningful change in the crypto landscape is limited.

Evans notes that the Congress, as the legislative branch of government, wields the real power to shape the regulatory framework governing digital assets. Under Article II of the Constitution, the President cannot unilaterally create laws or alter regulations.

Instead, the President’s role is primarily to enforce the laws that Congress passes and oversee regulatory agencies like the SEC and the Commodity Futures Trading Commission (CFTC).

Evans further explains that Congress must take decisive legislative action for sustainable progress in the digital asset industry. Yet, she has noted that many observers and advocates for cryptocurrency often focus their attention on presidential races, neglecting Congress’s vital role in regulation.

Bipartisan Support For Crypto Grows In Congress
Despite what has been seen as a lack of congressional action in recent years, Evans is championing a notable advancement in the legislative landscape with the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), which incorporates Rep. Tom Emmer’s Securities Clarity Act.

This law aims to provide much-needed clarity in the digital asset space by distinguishing between an asset and the securities contract to which it may be linked, which would be key in potential future cases such as one of the most notorious between blockchain payments company Ripple and the SEC.

In addition, support for crypto innovation is gaining traction in Congress. Figures like Rep. Maxine Waters (D-CA), once a critic of cryptocurrencies, now recognize the importance of engaging with emerging technologies.

At a recent town hall event, pro-crypto lawmakers urged Harris to adopt a more favorable stance toward digital assets. At the same time, Senate Majority Leader Chuck Schumer (D-NY) expressed optimism about passing bipartisan legislation.

Moreover, the StandWithCrypto.com database indicates that over 50 Democratic lawmakers, including prominent figures like Rep. Ro Khanna (D-CA), is now supportive of pro-crypto legislation.

Unlike the executive branch, the law professor said, Congress has the power to create tailored laws to meet the needs of the crypto industry. Evans concluded, “Now is the time to focus where the real power lies – on Congress.

@ Newshounds News™

Source:   Bitcoinist

  ~~~~~~~~~

🌍 El Salvador doubles down on Bitcoin, defies IMF concerns  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Thank you Dinar Recap

Bruce’s Big Call Dinar Intel Thursday Night 10-1-24

Bruce’s Big Call Dinar Intel Thursday Night 10-3-24  

Transcribed By WiserNow Emailed To Recaps

Music. Welcome everybody to the big call tonight  - it is Thursday, October 3rd  and you're listening to the big call. Thanks everybody for tuning in all over the globe. Thank you satellite team,  or SAT Team - as I call them, for getting the signal out to many, many, many countries, maybe not all 209 but many countries around the globe. Thank you guys for doing that and getting that out, and we just look forward to getting out here on another Tuesday or Thursday night -  tonight is Thursday, and so we'll, we'll bring you the best information that we have at this time. So before we get started, let's pray the call in,

Thank you, Bob. I guess we're about 12 or 13 after the hour now and Okay, well, let's go ahead and and talk about where in the world we are with this thing.

I can tell you that  the information that came in yesterday and last night, is pointing toward today for our notifications for not only us but bond holders, both within a 24 hour period, hence a true shotgun start for bondholders in tier three and those of us in tier 4  tier 4A and tier 4B,  the Adniral’s  groups plural - and tier 4b for us on the Internet Group.

Well, so far today, we have not received any notifications. It's a little bit surprising, because the info came in yesterday. Was very definitive about us getting ready to go. And everything being ready, everything done, and now we're just waiting for the result of that. And this could turn into a weekend event.

It could be that we get tomorrow and we start exchanges tomorrow or over the weekend. So I'm not giving up on the fact that everything was just absolutely  lit up  to come in today, but for some reason, we did not get it today. I'm not quite sure. I'm really not sure at all. So we're going to try to stay on it.

And you know what happens on a Tuesday or Thursday night after the big call is over, I tend to get more information later, an hour, two hours after the big call ends - something will come in and I’ll say, Where was that at seven or eight o'clock, where was that when I could have brought it onto the call, right? And that's been the case. But regardless of that, the Ask the prospects of this going tomorrow, Saturday through the weekend, is they're very strong, very strong.

So I would say we continue to lift up the idea of everything coming in. We understand that as far as R and R goes, those are exchanging and redeeming zim, for example, that the RNR accounts are already deposited into our quantum financial account and that we will have a queue a quantum card that we will access that account with, and then we'll be able To deposit those funds from our quantum account directly into our Wells Fargo primary or Master – and then we will go from that point on with moving funds in –

Aalso, here's a point that was brought up to me yesterday that maybe I wasn't clear 0n the quantum access card - That card that I've described is three times the thickness of a normal credit card. It is / has three chips in it, computer chips, and it is designed to only move funds from our quantum account into one or two or three bank accounts, and that's it. You don't buy anything with it. You don't charge anything with it only move funds.

Now, when you get in to your redemption center appointment, and they get to the point where they're going through they've set up your Wells account, quantity in your information to get access to it, your biometric finger or thumbprint, your username and password to get into the account, your five digit PIN code tied to you, and then a new brand new email, different email, brand new email, and it's it's password to get into that. Those things all need to be set up to get into the quantum account.

What else will you get when you set up your account, your master account, or I call it, primary account, you'll receive a debit/ credit card for the Wells Fargo Bank, a debit credit card that side to your brand new account that you've just moved into - That's how you gain access to that those funds

Now you'll also have, obviously, if you're a check writing person, you can get checks, but primarily you'll wire funds from that account. You can Zell funds from that account. You can move funds. You know that are they're using your credit debit card.

My case, I think what I'm going to do is set up anything that I have that I'm using the card for. I'll make sure that whenever that card is due, allow that card to be directly debited from my primary account to pay for everything that's due that I charge or that I you know that I charge for the month, probably do it a day or two before the due date.

Make it automatic every month. Make sure it's up to go automatically. So that's paid every month. And I don't have to be in the country to do it . I don't have to just be at all. It's automatic and automatic debit from my account to pay it off. Okay, do that every month, so there won't be anything, anything late coming, no late charges or late fees or any of that noise. It's just all going to be automatic from the master account.

Okay, so just keep that in mind if that's something you might want to do. So you're going to have the two cards right away, the quantum account , you must keep it in a very safe place.  I would not put it in a safe deposit box  althou gh seems like a good option  but let's keep it if you have the ability to keep it safe with you, not on your person, too dangerous with you, but in a safe place, at home, or wherever you feel is your safest possible place to keep the quantum account. Call it that quantum account, or quantum access card

Your credit debit card - They'll print these out stamp these when you're in the redemption center. they'll make those cards for you while you're there. You should not do those to come out. Those should be stamped and printed immediately for you. And in some cases, what I'm going to try to do is make, well, the name of my trust, for example, make it, make the primary account, the Trust Bank account, if you will  - I think we can do that, and just make sure that you know you're the signatory on it, so that your signature can go when you make a charge on that card.

 Okay, so we’ll see what they let us do with that. Should be doable, and let's see. Is there anything else to bring up tonight?  I don’t think there's a whole lot else. You guys have heard it in past calls, but I did have a question about that credit debit card yesterday, and glad I was able to answer that, speaking of what's been happening in the Carolinas and what's been happening in Maui  Gosh. That was a year ago -Gosh, cannot believe what happened in Maui was a year ago, but it was actually a year ago,

So  what I’m thinking  - we're staying on top of it  - we’re doing a call, not a big call – but a private call with with Trish, and James - he was running point on on Maui. He's got additional contacts that we're going to keep in touch with over there and try to just find out exactly what the heck is going on still, even in Maui, we're gonna stay on top of what's happening in these hurricane affected zones in the Carolinas - Virginia, Tennessee, Georgia and Florida.

I think that covers the area that was the most hit. Believe so  - we're going to continue to pray for people to be recovered, to be found, and hopefully alive, and then we'll just take it one day at a time with that,

 I am hoping that the information I got yesterday that was pointing to today for notifications was just a day behind, and that all that information is still good, but not today, but maybe tomorrow.

So I think that's quite possible, like I said, I can't verify that, but I'm glad everybody is here listening tonight, and we look forward to everything going through by the weekend. So let's go ahead and pray the call out, keeping in mind that we're still lifting up Tom and Pastor Scott for full recovery from strokes.

I don't have it tonight, but we should be able to find out something. If we have a call on Tuesday, we'll see it's possible. I'm hoping this our last call, but we'll see if it is or not. Okay. Let's pray out the call now

That's everything we wanted to say thank you

Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:08:08

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

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Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:00:40

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

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

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

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

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

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More News, Rumors and Opinions Friday Afternoon 10-4-2024

TNT:

Tishwash:  Iraqi economist expects oil price to rise to $200 if war extends to Gulf

Economist Nabil Al-Marsoumi expected on Friday that the price of a barrel of oil would rise to nearly $200 if the war in the region expanded to include the Gulf states, and Iran closed the Strait of Hormuz and cut off the flow of about 20 million barrels of oil to global markets daily.

The expert spoke in an analysis published today about the two expected possibilities regarding what he called the coming oil war. He said that the first of them is that Israel will target the Iranian oil export outlets, especially Kharg Island, through which 90% of Iranian oil exports pass. This means eliminating 1.5 million barrels of Iranian oil from the market, which will raise prices by about $5 per barrel to $82.

He added: But it will lead to cutting off the most important sources of Iranian funding, and in this case we will face several scenarios. The first is that OPEC Plus will intervene and cancel voluntary and mandatory production restrictions, which will provide sufficient oil supplies to compensate for the loss of Iranian oil, indicating that this will lead to a decrease in prices and their return to the $70 mark.

He addressed the second possibility, saying: The war may extend to include oil pumping and export stations in the Gulf, which may negatively affect Gulf oil exports, especially Saudi oil exports, which will push oil prices above $100 per barrel.

Al-Marsoumi also pointed out that Iran had previously confirmed that preventing it from exporting its oil to the world also means preventing the exit of oil from the Strait of Hormuz. If Iran closes the Strait of Hormuz, this means cutting off about 20 million barrels per day of global oil supplies, which will push prices to $200 levels, in addition to negatively impacting Gulf gas shipments that pass through the strait.

The Iraqi economic expert continued by saying that the Israeli strike will be limited to hitting oil facilities, especially Iranian refineries, which means taking out 300 to 400 thousand barrels per day of Iranian exports, noting that in this case it will have no significant impact on global oil prices, especially after Libyan oil returns to its previous levels.  link

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

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

yada  Article:  "- The Central Bank of Iraq launched its financial transfers to Turkey in the euro currency." This means the business with Turkey, primarily the pipeline that was halted in March of 23 due to illegal usage is now opening back up with transfers in Euros.  Add this to the Iraqis receiving their salaries from Jan 24 to Aug 24, we are in for great celebration with the rate release. IMO

Militia Man  Article:  "Central Bank Governor: New mechanism for financial transfers to Türkiye in euros launched" The amount of coordination that must be on going behind the scenes must be intense now.

**********

KTFA:

Clare:  Rafidain Bank announces the collection of more than four trillion dinars electronically for the benefit of 700 government departments

10/4/2024

The government-owned Rafidain Bank announced on Friday that it has collected more than four trillion dinars electronically for the benefit of 700 government departments.

A statement by the bank's media office, received by Shafaq News Agency, stated that "the number of government departments that have activated the electronic collection system until October 1st has reached more than 700 government departments."

He explained that "the total amounts that were settled and collected for the benefit of those government departments and deposited in their accounts at Rafidain Bank amounted to more than four trillion dinars."

He pointed out that "the rate of reliance on payment systems is constantly increasing and new departments will be included soon."  LINK

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

ANOTHER Major Pattern Shift Has Happened...(DELINQUENCIES HAVE SPIKED!)

Lynette Zang:  10-3-2024

In today's video we are talking about a major pattern shift in spending amongst the younger generations and how delinquencies have spiked. What does this all mean?

https://www.youtube.com/watch?v=B1jvU4jGIrQ

BRICS & BANKS: 2024 Gold Rush (Bullion Bulletin - 10/4/24)

Andy Schectman:  10-4-2024

Welcome to our compilation of videos from the previous week! We are dedicated to bringing you the latest insights and updates in the precious metals industry. In this compilation, you'll find a variety of engaging and informative content featuring expert analysis and discussions.

https://www.youtube.com/watch?v=s_t76N-opi0

Economist’s “News and Views” 10-4-2024

BRICS Dump Dollars for Gold - LFTV Ep 193

Kinesis Money:  10-4-2024

In this week’s episode of Live from the Vault, Andrew Maguire delivers a chart-driven analysis of the gold and silver price action for the first week of this year’s fourth quarter, before answering pressing community questions.

The London precious metals expert then turns his attention to the remainder of the year 2024, highlighting Indian and Chinese central bank buying, and providing an overview of the latest BRICS activity.

Timestamps

 00:00 Start

01:45 The first week of Q4

17:30 What to expect in the rest of 2024

20:45 The upcoming BRICS meeting

25:30 The gold revaluation timeline

31:00 Dedollarisation

https://www.youtube.com/watch?v=edab3Njpyog

Major Report PROVES That An Economic Crisis Is Coming!

Atlantis Report:  10-3-2024

The rising number of layoffs across various industries is a worrying trend. Despite the supposed economic growth, many people are losing their jobs.

Even industries that were believed to be safe are not immune. This is causing concern as it hasn't been seen in recent years.

Moreover, the level of consumer debt is another alarming issue. The fact that around one-third of Americans are struggling to pay their bills indicates that not everyone is benefiting from the so-called economic boom.

With the possibility of inflation and interest rate hikes, people already burdened by debt face an uncertain future.

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

George Gammon: What if the US Debt Hits $50 TRILLION Tomorrow?

Daniela Cambone:  10-3-2024

The real issue with U.S. debt isn't paying it off—it's the economic distortions fueled by government spending, says George Gammon, real estate investor and host of The Rebel Capitalist Show.

 In this insightful interview with Daniela Cambone, Gammon explains how the global monetary system allows the U.S. to pile on debt without immediate repercussions, driving a dangerous cycle of overspending.

He dives into the role of the Eurodollar system in propping up demand for U.S. Treasuries, which keeps interest rates lower than expected, even as debt levels soar.

CHAPTERS:

0:00 Economic Distortion

3:15 U.S. Debt Crisis

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

Coffee With MarkZ and Mr. Cottrell 10-4-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

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

GM MarkZ and mods. Thanks for all you do for us!

Member: Hoping for good news today……Are we close to the RV?

Member: Was hoping Mark would be wearing the golden egg shirt

MZ: I’m hoping I get to wear it early next week.

MZ:  Here’s and interesting one out of Iraq:  “Al Rafidain : More the 4 Trillion dinars electronic collection amounts for government departments"  this is a marked improvement to the government..a big increase in revenue from getting rid of graft and inefficiency by using electronic systems. They are very much streamlining their government.  This has made a massive difference in stability in Iraq.

Member: That needs to happen in the US….

MZ: “Congress unveils new program that converts the unified card into rations”  this is a bad translation – but it means their new national ID card will know their status …and is a government services card. Also a new program to help the under privileged.

Member: Today is the day Iraq pays the salaries of the Kurdish region. Yesterday was the New Year. Will tomorrow have the missing Gazette with the rate published? One can hope!

MZ: On the bond side there are more confirmations that they are expecting payments early next week…most are focused on Tuesday.

MZ: One bond trader swears that we should expect our announcements around Tuesday or Wednesday next week. We have to wait and see if this is accurate or not.

MZ: Seems to be a black out or brown out on the group side.

MZ: I now have 2 bankers/redemption folks who say they will be working this weekend. One of them said they are making new system software updates….while the other one says they are preparing for an influx of new wealth management clients this month.

Member: I'm new to the RV info. I have Dinar and Dong. My question is once the RV happens, do we exchange back to USD? Or would we hold the foreign currency until after the USD collapses?

Member: Supposedly when the Fiat system collapses…..the new system and new USN notes that are asset backed are ready to step in….I sure hope it’s true.

Member: I will admit, I’m in a state of frustration, even though I know we should be close to the finish line

Member: Mnt goat is positive no RV until after elections. I guess that makes sense…..Maybe next administration will push RV through.

Member: Another 3.8 earthquake on Vancouver Island British Columbia, this morning. Everyone felt it.

Member: Another hurricane forming to take same path as the last one.

Member:  If there was ever a time to have our humanitarian funds... this is the time!!

Member: Rumor is 150 Bankers have been arrested that were trying to stop it.

Member: Wish I believed it.  Been hearing the boy who cried wolf for years….nothing is ever true.

Member: Seriously…how bad does it have to get before the white hats step in?

Member: “I Want The Truth!!”…..“You Can’t Handle The Truth!!” – A Few Good Men

​​Member: I sure hope October is our month...

Member: I had a dream last night that I was telling people about the RV... and that it was going to happen... and it happened in the dream

Member: May your dreams come true….lol

Member: Let us pray for comfort, peace, safety and grace for all those affected from that horrific storm. Also that the RV appears soon to help everyone

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Iraq Economic News and Points To Ponder Friday AM 10-4-24

Economists Determine The Reasons For The Rise In The Dollar In Iraq And Expect It To Exceed 160,000

Economy  Iraq  Dollar prices Dinar to rise  2024-10-03 01:23  Shafaq News/ The “Future Iraq” Foundation for Economic Studies and Consultations, on Thursday, attributed the reasons for the rise in the price of the dollar against the dinar in Iraq to the decline in transfers of other currencies and the  inability to cover the demand for foreign currency for the purpose of import, expecting the rise to continue, bringing the price of one dollar to 1,600. dinar in the coming period.
 
The head of the institution, Manar Al-Obaidi, said in a statement received by Shafaq News Agency, that the prices of the dollar against the dinar during the past days reached the range of 1,550 dinars per US dollar.

Al-Obaidi attributed  the reason for the rise to the decline in transfers of other currencies, specifically the UAE dirham and the Chinese yuan, as a result of the large restrictions set by correspondent banks that are in the process of enhancing the balances of these currencies,
 
in addition to the reservation of the banks under the Citi-Pilot project in opening accounts for operating companies and limiting them to working with companies. She had previously been treated differently than others.

Among the reasons that the head of the institution spoke about is “the inability of all transfer mechanisms to cover the demand for external currency for the purpose of importing some goods, specifically mobile phones and gold, which are considered the highest value goods for import, which prompts importers to resort to the parallel market for the purpose of importing.”.

He added,  "It is expected that the dinar will continue to decline against the dollar, and it may reach rates of 1,600 dinars per dollar in the coming months if the problems are not addressed through practical solutions."
 
1- Increasing the network of correspondent banks around the world, especially in the UAE and China.
 
2- Controlling financial policy by limiting the entry of some types of goods in order to reduce demand for them versus supply.
 
3- Pressure on the banks under the Citi-Pilot project to be more open to accepting a wide range of clients.
 
4- It may be necessary to temporarily prevent the import of some goods to reduce the demand for foreign currencies until more organized and smooth solutions are found for the external transfer process. Al-Obaidi said,
 
“Without adopting these solutions, the dinar will continue to decline against the dollar and may exceed the 1,600 barrier soon.”
In turn, economic and financial expert Abdul Rahman Al-Mashhadani attributed the rise in the dollar exchange rates in Iraq to political rather than economic reasons..

Al-Mashhadani said in a statement to Shafaq News Agency,   “The dollar has stabilized for a long period in the past few days at 149 to 150 thousand Iraqi dinars for a $100 bill, especially after transferring the dollars of real travelers to the airport, organizing the sales process in a smooth manner, and resolving the crisis of bottlenecks on exchange companies and payment companies available inside.”

Airport." He added,  "There are no economic reasons or justifications behind the rise because the central bank is still financing large amounts of foreign trade, and this is the important element that covers the volume of orders for merchants."

The expert expected that  "the rise in exchange rates is due to the  
     unrest witnessed in the region and the
     fear that Iraq is one of the stations that could be targeted,
 
which prompted merchants to liquidate the accounts of debtors and creditors, especially those who have obligations to merchants abroad.
 
Fear of instability may cause a rise and thus will be affected."
 
The merchant must pay what he owes. He noted that the second matter “is the fear and panic that afflicts people in such crises.
 
They turn to converting dollars for fear that things will get worse and they will be forced to travel or emigrate, even if they are inside Iraq,” adding that “the dollar is the safest means at hand because it is needed in "Markets."
 
The price of the dollar rose in local markets to reach approximately 155 thousand dinars compared to 100 dollars after the events that the region witnessed, including military operations in Lebanon and Iran on the one hand and Israel on the other hand.    https://shafaq.com/ar/اقتصـاد/م-سسة-اقتصادية-تحدد-اسباب-ارتفاع-اسعار-الدولار-بالعراق-وتتوقع-وصوله-لـ1600-دينار   

Government Advisor: There Is No Concern About Iraq’s Financial Situation And Our Foreign Reserves Are Diverse
 
Time: 10/02/2024 14:02:16 Read: 2,834 times  {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, reassured about the country’s financial and economic situation.

Saleh told {Al-Furat News} agency:  “We should not worry about the ongoing fluctuations, whether in monetary gold or the various foreign currencies that make up the country’s foreign reserve portfolio, which varies from major foreign currencies and monetary gold and in accordance with the international standard investment guides that it adopts.”

The monetary authority has high-level technical cooperation with multilateral international financial organizations, specifically the International Monetary Fund and the World Bank.”’

 He stated,  “Usually, the Central Bank of Iraq hedges in managing its sovereign investment portfolio with a well-studied and highly sensitive diversification, with standard ratios and precise weights for each foreign currency, in addition to the cash gold from which the foreign reserves are composed.
 
This is within the scope of what is called hedging against the risks of fluctuations in currency and gold exchange rates, which is a policy that expresses efficiency.” Managing the country's investment portfolio according to diversification in various foreign currencies and gold. Saleh explained,
 
“A fall in the market value of gold, for example, must be offset by a rise in the value of the dollar or other foreign currencies through managing the components of the foreign reserves portfolio itself, as
 
diversification is an important pillar of the hedging policy in managing investments in foreign assets from currency exchange rate fluctuations.” foreign currencies and gold by diversifying the country’s sovereign investment portfolio.” ‘

He pointed out that  "the sovereign investment portfolio avoids what is called in the literature of the accounting policy of central banks (unrealized losses), by immediately realizing (unrealized profits), 

which are the same unrealized profits that correspond to the unrealized losses resulting from the fluctuation of gold or foreign exchange prices at the time." same". 

 He pointed out that  "a good diversification policy, in the assets or holdings of the investment portfolio,
provides sufficient neutrality in  preserving the total market value of the country's foreign asset reserves and  always stabilizing their value."   https://alforatnews.iq/news/مستشار-حكومي-لا-قلق-في-الوضع-المالي-للعراق-واحتياطنا-الأجنبي-متنوع   

Banking Advisor: The Government Is Committed To Opening New Horizons For Partnership With Investors
 
Economy     1-10-2024, 17:39  Baghdad - IA - Wissam Al-Mulla  Today, Tuesday, the representative of the Prime Minister and his advisor for banking affairs, Saleh Mahood, affirmed the government’s commitment to supporting the Securities Commission and opening new horizons for partnership with investors,
 
calling on the legislative authority to accelerate the issuance of the necessary legislation to meet the requirements of the modern market and enhance the investment environment in Iraq.
 
Mahood said at the World Investor Day Conference - attended by the Iraqi News Agency (INA) correspondent:
 
“It is a great honor to represent Prime Minister Muhammad Shiaa Al-Sudani in this event organized by the Securities Commission,” indicating that
 
“this conference represents a vital platform for strengthening ties.” between the government and investors and highlights the investment opportunities available in Iraq.” 

He added,  "The world lives today in an era characterized by rapid economic changes, which requires activating the role of the securities sector as a main tool for stimulating economic growth," adding,
 
"The Iraqi government headed by Muhammad Shiaa Al-Sudani is fully aware of the importance of this sector as a lever for growth and attracting local and international investments."". 

 He pointed out that “global experiences have proven that investments are not only an engine for growth, but rather a
 
  means of developing infrastructure,
  creating job opportunities, and
  enhancing transparency and
  efficiency in resource management,” considering that
 
“the Securities Commission is a vital partner in achieving these goals, as it works to regulate markets and enhancing their protection. 

Mahood emphasized "the importance of cooperation between the public and private sectors," stressing that  "the success of investments depends on investment partnerships that contribute to mitigating risks and increasing confidence." 

 He explained, "There is an urgent need to accelerate the issuance of the necessary legislation to modernize the legal system to suit the requirements of the modern market, as
 
there must be clear mechanisms to protect investors and facilitate investment procedures, which contributes to improving the business climate in the country." 

He pointed out, "The importance of strengthening corporate governance, as building a strong governance system is vital to ensuring transparency," stressing: "Investors must feel that their money is protected and that there are effective mechanisms to monitor performance." 

 Mahood called for "focusing on education and awareness, as building human capabilities and developing skills in the financial sector contribute to creating an attractive investment environment," stressing "the importance of establishing training programs and workshops targeting investors, bankers, and government agencies." 

He stressed, "The commitment of the Iraqi government and Prime Minister Muhammad Shiaa Al-Sudani to provide support to the Securities Commission and open new horizons for cooperation and partnership with investors," considering, "This conference is an important step towards building a prosperous and sustainable Iraqi economy."    https://www.ina.iq/218206--.html   

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

Seeds of Wisdom RV and Economic Updates Friday Morning 10-4-24

Good Morning Dinar Recaps,

CFTC REPORTEDLY MULLING ACCEPTING DIGITAL ASSETS AS TRADING COLLATERAL

The proposal faces multiple steps before approval, but its passage could ultimately be a boon for the digital assets market.

The use of digital assets as trading collateral could be approved by the United States Commodity Futures Trading Commission (CFTC) by the end of the year.

According to a report from Bloomberg, a subcommittee of the Commodity Futures Trading Commission’s Global Markets Advisory Committee recently voted affirmatively to recommend a proposal allowing digital ledger technology-based collateral in commodities and derivatives trading.

In effect, were the proposal to be accepted by the CFTC, traders could settle transactions using digital assets as collateral with the same speed and ease as similar digital ledger and blockchain based transactions.

Brokers would be able to accept blockchain-based tokenized assets, such as BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), via market-embedded systems.

Tokens as collateral
The use of blockchain-based assets as collateral in trading is already fairly common throughout the participating marketplace. However, those participants are limited to large firms such as BlackRock and JP Morgan. The CFTC’s general approval could serve as a catalyst for mainstream adoption.

However, it’s unclear at this time what exactly the Global Markets Advisory Committee has recommended or what’s even in the aforementioned proposal. According to Bloomberg, the main committee still has to approve the subcommittee’s recommendation before the proposal can be formally submitted to the CFTC for approval.

There’s no guarantee that the CFTC will approve the proposal or that it will pass without potential restrictions concerning which institutes and blockchains can participate.

As Cointelegraph recently reported, spot Bitcoin exchange-traded funds (ETFs) demonstrated banner performance throughout the month of September.

BlackRock's Bitcoin ETF in particular outperformed its peers. It saw the highest daily inflow of any fund during the month on Sept. 25, during a five-day inflow streak across all spot Bitcoin ETFs in the United States.

This demonstrates the growing popularity and prospective value of digital assets in the traditional finance markets. It could also serve as a bullish indicator for digital asset adoption overall and play some role in the CFTC’s decision-making process.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

IMF PRESSURES EL SALVADOR TO OVERHAUL BITCOIN REGULATIONS

According to the International Monetary Fund (IMF), El Salvador has an annual GDP growth rate of 3% and roughly $144 million in outstanding loans.

During an Oct. 3 press conference, the International Monetary Fund (IMF) renewed calls pressuring El Salvador to scale back its Bitcoin policies and overhaul its regulatory framework surrounding the digital asset.

Julie Kozack,  director of the IMF’s communications department, did not specify the exact details behind the proposed regulatory shift but instead provided this statement:

"What we have recommended is a narrowing of the scope of the Bitcoin Law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting public sector exposure to Bitcoin."

Since El Salvador legalized Bitcoin as a form of legal tender in 2021, the IMF has pressured the Central American country to step away from Bitcoin and embrace traditional financial infrastructure.

In August 2024, the IMF voiced the same demands but admitted that many of the purported risks of Bitcoin adoption “have not yet materialized.”

IMF attitude to Bitcoin and crypto
The IMF has expressed concerns regarding Bitcoin. As some fiat currencies experience devaluation, certain individuals and a few nation-states have begun exploring alternatives, including Bitcoin, which is often viewed as offering a different monetary framework compared to traditional fiat systems.

In 2023, the IMF provided technical consulting to help Andorra record and monitor Bitcoin transactions. Later, in March 2024, it suggested Pakistan institute a capital gains tax on crypto to qualify for a $3 billion loan.

More recently, IMF executives floated the idea of taxing energy used for crypto mining to reduce carbon emissions. This added tax could drive up energy costs for miners by 85%, a potentially devastating blow for an industry already struggling with post-halving economics and increased mining difficulty.

IMF pushes central bank digital currencies
While the IMF continues to oppose Bitcoin and non-state-controlled cryptocurrencies, it is simultaneously pushing for central bank digital currencies (CBDC) globally.

This past September, the IMF released its ”REDI” framework for CBDC development. REDI stands for regulation, education, design, and incentives — geared toward helping central banks make CBDC adoption more palatable to prospective populations.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

The BRICS economic bloc will add around 10 new members during its upcoming summit.

The world continues to change in big ways.

I will be covering this event live in real-time.

@ Newshounds News™

Source:   Gold Telegraph X  

~~~~~~~~~

️BREAKING NEWS:  El Salvador doubles down on Bitcoin, defies IMF concerns

Crypto community members have advised the Central American country's to reject the IMF recommendations.

El Salvador has doubled down on its Bitcoin moves despite ongoing pressure from the International Monetary Fund (IMF) regarding the country’s use of the digital asset.

On Oct. 4, Juan Carlos Reyes, President of the National Commission on Digital Assets (CNAD), announced that the Central American country’s lawmakers had passed “important amendments to the CNAD law.”

Bitcoin moves
According to him, these changes grant the CNAD authority to regulate Bitcoin companies in the country.

Further, the CNAD will now be the primary regulatory body overseeing the nation’s Bitcoin industry. It will also implement a risk-based regulatory framework to position El Salvador as a global digital asset adoption and regulation leader.

Reyes added:

“Our team [will] combine regulatory knowledge with practical Bitcoin experience, ensuring a balanced and effective approach.”

Reyes also mentioned that more information on the proposed regulatory framework will be shared in the coming weeks.

In a parallel development, the National Bitcoin Office (ONBTC) of the Office of the President of El Salvador stated that the country was building new capital markets on the bellwether digital asset.

According to ONBTC:

“Only on bitcoin can an individual ever self-custody their wealth and property. Capital will never form upon chains designed for velocity rather than sovereignty.”

These moves came after the IMF once again expressed concerns about El Salvador’s Bitcoin initiatives.

Julie Kozack, Director of the IMF Communications Department, stated that the country’s stance on Bitcoin remains an ongoing topic of discussion. She said:

“What [IMF] has recommended is a narrowing of the scope of the bitcoin law, strengthening the regulatory framework and oversight of the bitcoin ecosystem, and limiting the public sector exposure to bitcoin.”

Interestingly, this recommendation follows the IMF’s earlier acknowledgment that some risks associated with El Salvador’s Bitcoin involvement have not yet materialized.

Despite the IMF’s caution, many in the crypto community have advised the country to ignore this advice. Mathew Sigel, head of digital assets at VanEck, accused the IMF of holding El Salvador “hostage” over its pro-Bitcoin stance despite the nation’s economic and societal progress.

Instead, Sigel encouraged President Nayib Bukele to “stand firm” as his “vision is driving a remarkable transformation.”

@ Newshounds News™

Source:  CryptoSlate

~~~~~~~~~

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