New BRICS Currency and Increasing Western Sanctions is a Global Reset in Progress

New BRICS Currency and Increasing Western Sanctions is a Global Reset in Progress

Awake-In-3D October 18, 2024

With sanctions accelerating de-dollarization, BRICS nations are leading efforts to restructure the global financial order.

As the global financial landscape continues to transition, the new BRICS currency initiative emerges as a formidable challenge to the U.S. dollar’s dominance.

In response to geopolitical tensions and sanctions, nations are seeking alternatives to dollar-based trade, with BRICS countries leading the charge toward a new gold-backed financial system.

With gold prices surging past $2,700 per ounce, this transformation could realign the global economy and spark the long-discussed Global Currency Reset (GCR).

The question now is whether the upcoming BRICS summit will mark the dawn of a new era in international finance, reshaping the balance of power from West to East.

Sanctions, De-dollarization, and the Birth of Alternative Financial Systems

Western sanctions against Russia, following its 2022 conflict in Ukraine, triggered a series of unintended consequences, forcing targeted countries to explore financial alternatives beyond the U.S.-dominated system.

These sanctions effectively cut Russia off from global markets tied to the dollar-based SWIFT network, compelling it to strengthen economic partnerships with China, India, and other BRICS nations. In response, Russia has begun settling transactions in Chinese yuan and other local currencies, adding further momentum to de-dollarization efforts.

The consequences of these developments go beyond the BRICS members. Other nations—particularly those wary of Western influence—have taken notice. The U.S. dollar’s use as a geopolitical tool has raised concerns about economic sovereignty, fueling interest in establishing a new global reserve currency.

This evolving landscape hints at a recalibration of the global economy, a key hallmark of the GCR, where the structure of international finance is realigned to reflect the interests of more players than just the West.

The New BRICS Currency: A Challenge to Dollar Dominance?

Rumors of a new BRICS currency, reportedly 40% backed by gold and 60% by a basket of member-state reserves, have attracted significant global interest ahead of the BRICS summit in Kazan, Russia, on October 22-24. Although experts predict that a formal unveiling is unlikely at this meeting, the discussions alone indicate that the world is moving toward a future where the U.S. dollar will no longer reign supreme.

This shift aligns closely with the Global Currency Reset (GCR), a process that seeks to restructure the global monetary system and diversify away from a single currency’s dominance.

In recent years, central banks worldwide have increased their gold reserves, viewing the precious metal as a hedge against inflation and geopolitical instability. With gold prices now hovering around $2,700 per ounce, many believe that asset-backed currencies will play a key role in the future financial system—an idea long associated with the GCR movement.

A new BRICS currency could set off a chain reaction of currency revaluations (RV) across the globe. If the proposed currency is anchored by tangible assets like gold, it compels other countries, including those in the West, to revalue their own currencies to remain competitive in global trade.

Such a move would mark the most significant shift in international monetary policy since the collapse of the Bretton Woods system in the 1970s.

The U.S. Dollar’s Waning Influence

While the U.S. dollar still accounts for 84% of global trade transactions, its dominance is eroding due to several factors, including the rise of the Chinese yuan. China has successfully positioned its currency as an alternative to the dollar, particularly in oil markets, through initiatives like the petroyuan.

As energy trade—a key pillar of the dollar’s dominance—diversifies, BRICS countries have an opportunity to reduce their reliance on the dollar even further. Notably, Saudi Arabia has expressed interest in settling oil transactions in yuan, marking a potential end to the petrodollar era. If the BRICS currency materializes, it will likely prompt other countries to recalibrate their financial policies and accelerate the shift toward a multipolar financial system, as envisioned in the GCR.

Geopolitical Implications of the GCR and RV

A successful launch of a BRICS currency will likely prompt other countries to recalibrate their currency policies. With gold serving as the backbone for the new financial system, currencies across the globe must undergo revaluation (RV) to maintain credibility and parity in international trade. This process would mark a historic shift in monetary policy, requiring nations to shift their focus from debt-backed fiat currencies to tangible, asset-backed reserves.

India, an influential BRICS member, faces a critical decision point. While it remains committed to deep economic ties with the U.S., it also recognizes the benefits of participating in the GCR movement and supporting a new global reserve currency. India’s balancing act reflects the complexities involved in creating a new world orderr, where economic and geopolitical interests are often in conflict.

The Bottom Line: The New BRICS Currency is a Path Toward a New Global Financial Order

The rise of a BRICS currency—combined with growing geopolitical tensions, sanctions, and the search for financial alternatives—suggests that the world is approaching a Global Currency Reset. The potential decline of the U.S. dollar’s dominance signals not only a change in how global trade is conducted but also a shift toward revaluation of currencies based on tangible assets. While the future trajectory remains uncertain, one thing is clear: the financial system of tomorrow will not look like the system of today.

The upcoming BRICS summit is unlikely to deliver the final blueprint for a new global currency, but it will certainly push forward the conversation about how the world’s economic future will be shaped. With precious metals playing a key role in this transition, the competition for currency dominance is just beginning—ushering in an era where gold, not fiat, will likely decide the balance of power.

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

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

News, Rumors and Opinions Sunday 10-20-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 20 Oct. 2024

Compiled Sun. 20 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset Timeline:  (Rumors/Opinions)

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched the fiat US Dollar and will now pay trade in local gold/asset-backed currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

On Mon. 14 Oct. 2024 the BRICS Summit struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies, taking a direct s**t at the dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/

On Tues. 15 Oct. 2024 Zimbabwe’s new gold-backed currency officially entered general circulation.

On Thurs. 17 Oct. 2024 the gold-backed Chinese Yen replaced the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar ceased to exist because it has no value and cannot be used for international trade.

On Thurs. 17 Oct. the US Inc. Corp. fiscal year ended; has not been funded by Congress for the next fiscal year and thus will be forced to close down, ending the fiat monetary system.

On Thurs. 17 Oct. all banks closed worldwide that were not Basel III Compliant (have gold backed currency).

Thurs. 17 Oct: International Day for the Eradication of Poverty was observed, marking adoption of the Convention on the Rights of the Child (UNCRC) on 20 November 1989.

On Thurs. 17 Oct. LIBOR was replaced by SOFR, marking a significant change in financial benchmarks.

On Thurs. 17 Oct. the new United States of America Republic started its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.

On Saturday 19 Oct. 2024 Iraq celebrates their Independence Day.

Tues. 22 Oct. to Thurs. 24 Oct. BRICS Summit To Announce Global Currency Reset. The event in Kazan hosting 24 leaders, 32 countries will initiate a massive shift in macroeconomics through the arrival of its BRICS Pay system. The event is expected to be the largest foreign policy event ever held in Russia. That should be a massive moment for the global south and its continued efforts toward increased competition with the West. https://watcher.guru/news/who-will-attend-brics-summit-2024-key-leaders-confirmed https://www.dailynewsegypt.com/2024/10/13/brics-summit-in-kazan-to-host-24-leaders-32-countries

On Sun. 27 Oct. into Mon. 28 Oct. 2024 Project Sandman (US Dollar crash) was expected to kick off.

Sat. 19 Oct. 2024 Wolverine: “My sources say everything is going this week. I have absolute faith we will go this week. It’s all happening this week by the grace of God. Have faith and don’t ever lose it.”

Fri. 18 Oct. 2024 TNT: “Everything is a go. It’s going to be a super fantastic weekend. Some say by Sun. the 20th. Some say by Sat. the 19th.  Some say tonight, Fri. night. They fully plan it this weekend.”

Thurs. 17 Oct. 2024 Bruce: Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct. They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct. BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.

Fri. 18 Oct. 2024 Wolverine: Things started. The green light was given in Zurich as sovereign whales are advancing rapidly and some receiving payment. We are expecting to blast off on Monday for our big D day in Reno. They are putting the codes in to be started. The QFS has been officially established as our payment system. This innovative system guarantees security, transparency and efficiency in all transactions. The new strong dollar on Nov 6: The USA will introduce the new strong dollar which symbolizes the strength and stability of our economy. That came through a couple of hours ago. The USN has started digitally. They are already doing trading using USN, but the ones in the states will be the physical note. The commercial digital dollar is now being used as Swift system is gone. Reno is moving the money to Zurich paymasters so they will be ready to start Monday. There are reports that German bond holders are getting funds.

Fri. 18 Oct. 2024: XRP, NESARA-GESARA, QFS 3.0, and the National Quantum Initiative Act: The Financial Revolution Uncovered! [MUST WATCH] – amg-news.com – American Media Group

~~~~~~~~~~~

Global Financial Crisis:

Fri. 18 Oct. 2024: South African President Cyril Ramaphosa says BRICS has potential to drive significant change in the global economy and international relations. “BRICS now covers 43% of the world’s population…the opportunities for cooperation and economic progress are immense.”

Read full post here:  https://dinarchronicles.com/2024/10/20/restored-republic-via-a-gcr-update-as-of-october-20-2024/

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

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

Frank26   Many people pose the question, I don't have my receipt.  If I'm ever audited what am I going to do?  If I don't have my receipt I'm going to be in the 40% [tax bracket]. I don't want to pay that much taxes.  What do I do?  Did you write a check?  Your canceled check is your receipt.  Did you use a credit card?  You bank statement from your credit card is your receipt...

Militia Man  Those people [Who have 'hoarded mattress dinars'] are expecting the stock market to run big time when they change the value of their currency based off of a Real Effective Exchange Rate based off real assets, non-oil [revenue].  That's what's in focus right now.  It's phenomenal.  This is a good sign of things to come.

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

MARKETS A LOOK AHEAD: (CRITICAL UPDATES...) STOCK MARKET, GOLD, SILVER, CRYPTO, MORE!

Greg Mannarino:  10-20-2024

https://www.youtube.com/watch?v=yR-rGYjx2eM

BRICS speeds up development of independent payment system

TRT World:  10-19-2024

TRT is a Turkish public broadcast service.

The upcoming BRICS summit in the Russian city of Kazan will focus on its new, independent international payment system. The group has grown in membership this year, and supporters of the BRICS expansion say it shows a growing dissatisfaction with current international institutions. Dasha Chernyshova reports.

https://www.youtube.com/watch?v=bV1iaDkoHSI

Iraq Economic News and Points To Ponder Sunday AM 10-20-24

Among Them Are Exchange Rates.. The Most Prominent Advantages Of Increasing Iraq’s Share In The International Monetary Fund

Money and business  Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Saturday, that increasing Iraq's share of the international monetary fund is a step to confront economic challenges and stabilize the dinar, while he pointed out that it is a tool against exchange rate fluctuations and inflation problems and to enhance investors' confidence in the Iraqi economy.

Saleh told the official agency, which was followed by "Al-Eqtisad News", that "Iraq maintains a reserve of gold within its foreign reserves, and it is part of the official reserves of the Central Bank of Iraq, as monetary gold is a means of supporting the value of the Iraqi dinar and achieving the desired economic stability."

“When inflation rises and the value of foreign currencies falls, the price of gold usually rises, so gold is a hedge against inflation or currency devaluation. It is also a type of long-term investment and contributes to diversifying the country’s sovereign investment portfolio, because it is originally stable compared to currency volatility,” he added.

He continued: "Our country holds about 150 tons of gold, which constitutes a percentage of the country's foreign currency reserves. This reserve is managed in accordance with the guidelines issued by multilateral international financial organizations. It represents a hedging tool and a safe and appropriate haven, as it is an important part of the national currency cover."

He pointed out that "the monetary authority in our country has sought in recent years to increase its gold reserves, in order to confront economic challenges and ensure the stability of the Iraqi dinar."

He explained that "gold remains a protection tool against fluctuations in exchange rates and inflation problems, and it also contributes to enhancing investor confidence in the Iraqi economy."

Earlier, the Council of Ministers approved increasing Iraq's share in the International Monetary Fund by the equivalent of (831,900,000) SDR, or the equivalent of (1.45025127) trillion dinars, according to the exchange rate on October 8, 2024, provided that the amount of the increase is included in the allocations for the year 2025, and that the proposed increase will lead to an increase in Iraq's share in the International Monetary Fund by 50% of the previous share, and to an increase in Iraq's voting power. 133 views    10/19/2024 - https://economy-news.net/content.php?id=48887

The Dollar Opens The Beginning Of The Week Higher Against The Dinar In Baghdad

19/10/2024  Mawazine News – Economy  The US dollar exchange rate rose in Baghdad markets on Saturday morning.

The dollar price rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 153,300 dinars per 100 dollars, while it recorded 153,000 dinars per 100 dollars last Thursday.

The selling prices in exchange shops in the local markets in Baghdad recorded an increase, as the selling price reached 154,250 dinars, while the purchase price reached 152,250 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=256066

Al-Sudani: We Will Reach A Production Stage Exceeding 80% In Three Years

Local | 03:05 - 10/19/2024  Mawazine News – Baghdad  Prime Minister Mohammed Shia al-Sudani announced today, Saturday, the production of 25% of Iraq's need for antibiotics, stressing that a pharmaceutical production stage exceeding 80% will be reached within three years.

His office stated, in a statement received by "Mawazine News", that "al-Sudani opened, today, two factories for antibiotics (cephalosporins) and immunosuppressive drugs, which are private sector projects, within the program to localize pharmaceutical industries in Iraq, which the government has adopted as a priority in its program."

Al-Sudani was briefed on "the stages of work in the factory, which has adopted the most advanced global technological origins, represented by the Italian company (EMA), which specializes in pharmaceutical industries, and met with the working cadres from various scientific specialties, in addition to reviewing the stages of implementing a new factory for cancer treatment drugs at a cost of (60) million dollars, which is planned to be completed in the coming months."

He pointed out that "this factory was established in light of the government's decisions taken since the beginning of its work," stressing that "the goal of localizing the pharmaceutical industry was among the priorities of the work, and was accompanied by providing facilities to private sector drug producers, in the field of issuing loans and sovereign guarantees to establish pharmaceutical projects.

" Al-Sudani noted that "the products of this factory of antibiotics will cover about (25%) of the country's need, which is important to achieve self-sufficiency," stressing "work to achieve drug security, as it is not permissible to accept that local pharmaceutical products cover 10% of the original drug market, which is worth more than (3) billion dollars."

He explained that "contracts for establishing pharmaceutical projects have increased under the current government by more than 60%, which is a positive indicator for reaching a production stage exceeding 80% during the next three years, especially for life-saving drugs and cancer patients' drugs, which are expensive and difficult to secure on a permanent basis," stressing "work to establish the pharmaceutical industrial city."

Cephalosporins are life-saving antibiotics, and they will be produced in all their pharmaceutical forms up to the fourth generation, which include suspensions with a capacity of (12) million vials annually, capsules with a capacity of (450) million capsules annually, tablets with a capacity of (600) million tablets annually, and intramuscular and intravenous injections (vials) with a capacity of (40) million injections annually.   https://www.mawazin.net/Details.aspx?jimare=256064

Oil Posts 7% Weekly Loss.. Brent At $73

Energy  Economy News - Follow-up  Oil futures fell on Friday, posting a weekly loss of more than 7% after data showed China's economic growth slowed and as investors weighed mixed forecasts for the Middle East.

Brent crude futures fell $1.39, or 1.87%, to settle at $73.06 a barrel, while U.S. West Texas Intermediate crude fell $1.45, or 2.05%, to $69.22 a barrel.

Brent fell more than 7% this week, while WTI lost about 7%, their biggest weekly declines since Sept. 2, after the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency cut their forecasts for global oil demand in 2024 and 2025.

The economy in China, the world's largest oil importer, grew in the third quarter at the slowest pace since early 2023, but data on consumption and industrial production beat expectations in September.

“China is important to the equation in terms of demand, so that is having a big impact on prices here today,” said John Kilduff, a partner at Again Capital in New York.

China's refinery output also fell for the sixth straight month as weak fuel consumption and lower refining margins weighed on Processing operations.

“We can’t ignore the impact of electric vehicles in China,” said Neil Atkinson, an independent energy analyst based in Paris and former head of the International Energy Agency’s oil division.

"There are many factors at play here, the economic weakness in China, but also the move towards electrification of the transport sector," he added.

Electric vehicle sales in China jumped 42% in August to a record high of more than 1 million vehicles.

China's central bank has rolled out two financing plans that will initially inject 800 billion yuan ($112.38 billion) into the stock market through newly launched monetary policy tools.

“Chinese data is showing tentative signs of improvement, but recent briefings on additional economic stimulus have left market participants feeling frustrated,” said Rishi Rajanala, partner at Aegis Hedging.

US President Joe Biden said yesterday that there is an opportunity to deal with Israel and Iran in a way that could potentially end their conflict in the Middle East for a while.

When Biden visited Berlin, he told reporters he had an understanding of how and when Israel would respond to the Iranian missile attack, something investors are still anxiously awaiting, Alex Hudis, an analyst at brokerage StoneX, said in a note.

The Lebanese Hezbollah group announced yesterday, Friday, the transition to a new and escalating phase in the confrontation with the Israeli forces after the killing of Yahya Sinwar, head of the political bureau of the Palestinian Islamic Resistance Movement (Hamas).

This dashed earlier hopes today that Sinwar's death would hasten an end to an escalating war in the Middle East.

The US Energy Information Administration said that crude production in the United States reached a record level at the end of last week, as production rose by 100,000 barrels per day in the week ending October 11 to record 13.5 million barrels per day, after recording the previous peak of 13.4 million barrels per day two months ago.

Oil prices received support after data from the US Energy Information Administration showed that US crude oil, gasoline and distillate inventories fell last week.

U.S. retail sales rose slightly more than expected in September, and investors still see a 92 percent chance the Federal Reserve will cut interest rates in November. 92 views 10/19/2024 - https://economy-news.net/content.php?id=48884

Within A Week..More Than One Billion Dollars In Sales From The Central Bank Of Iraq

Saturday 19 October 2024 14:28 | Economic Number of readings: 69  Baghdad/ NINA / The total sales of the Central Bank of Iraq of hard currency during the days in which the auction was opened last week exceeded one billion dollars.

The Central Bank sold during the past week and for the 5 days in which the auction was opened one billion, 317 million, 374 thousand, and 259 dollars, at a daily average of 263 million, 474 thousand, and 852 dollars, higher than the previous week, which amounted to one billion, 309 million, 74 thousand, and 838 dollars.

The highest dollar sales were on Sunday, where sales amounted to 270 million, 808 thousand, and 434 dollars, while the lowest sales were on Wednesday, where sales amounted to 253 million, 497 thousand, and 545 dollars.

Foreign remittance sales during the past week amounted to "one billion, 279 million, 724 thousand, and 259 dollars, an increase of 97% compared to cash sales, which amounted to 37 million, 650 thousand dollars. / End   https://ninanews.com/Website/News/Details?key=1163065

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

Seeds of Wisdom RV and Economic Updates Sunday Morning 10-20-24

Good Morning Dinar Recaps,

BRICS SUMMIT TO SEE ALLIANCE TAKE MAJOR STEP TO END US DOLLAR

With the landmark event just days away, the BRICS 2024 Summit is set to see the economic bloc take a major step toward ending US dollar dominance. 

Indeed, the collective will gather in Kazan, Russia for the event that could be one of its most important. Chief among the matters to be discussed by the bloc is its ongoing de-dollarization efforts.

At the recent Business Forum that took place in Moscow, the bloc officially debuted the long-awaited BRICS Pay system. The alliance debuted a demo card for participants to utilize throughout the weekend. Those efforts will likely continue at the summit, with the bloc poised to make monumental announcement

BRICS to Take Major De-Dollarization Step at 2024 Summit
The BRICS Summit has become one of the most important days for the alliance. In 2023, it saw the bloc welcome its first expansion effort since 2023.

Specifically, the United Arab Emirates (UAE), Egypt, Ethiopia, and Iran joined the collective. This year, the bloc is expected to welcome similar landmark announcements.

Among them are key efforts to lessen economic reliance on the West. Indeed, the BRICS Summit 2024 will see the bloc take a major step toward ending US dollar dominance.

According to a new Reuters report, Russia is going to engage participating countries in taking part in building an international payment platform. Specifically, the platform would be “immune” to Western sanctions.

Imposed sanctions after Russia’s invasion of Ukraine have been a constant issue for the alliance.

Their presence has become a catalyst for the bloc’s continued efforts to promote local currencies. At the upcoming summit, those efforts are set to be magnified as they attempt to increase economic prominence on a global scale.

The proposal will be rooted in the connection of commercial banks. It would utilize blockchain, similar to the developing BRICS Pay platform. Altogether, it will likely be the continued expansion of the payment platform that has been in development for much of the last year.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

CHARLES HOSKINSON PREDICTS CARDANO WILL SURPASS BITCOIN AND ETHEREUM

▪️Hoskinson believes Cardano will surpass Bitcoin and Ethereum in the future.

▪️The network's growth relies on technological innovation and decentralized governance.

▪️Community focus is prioritized over marketing efforts for sustainable development.

Charles Hoskinson, the founder of Cardano  expressed his belief that the Cardano network will eventually grow larger than Bitcoin and Ethereum, providing a timeline for when this might occur. He indicated that the Voltaire era would give Cardano a competitive edge over other layer-1 networks.

Future of Cardano
Hoskinson stated that Cardano would become a larger network than Ethereum in ten years and surpass Bitcoin in twenty years. He also noted that most governments will be working on their own infrastructures in the coming decade.

Cardano being larger than Bitcoin and Ethereum would mean that ADA‘s market value would exceed that of BTC and ETH. Currently, ADA holds the eleventh position in market value, while BTC and ETH occupy the first and second positions, respectively.

Advantages of Decentralized Governance
Hoskinson firmly believes in Cardano’s superior technology compared to other networks, predicting that this advantage will become more evident over time. He emphasized the network’s competitive edge through decentralized governance and promising plans.

He highlighted the importance of decentralized governance, stating they prefer building a genuine community over merely focusing on marketing.

Despite aiming to establish an independent structure free from central intermediaries and global firms, progress toward these goals has been extremely slow, causing community dissatisfaction.

Hoskinson’s comments on the Voltaire era highlighted how Cardano distinguishes itself from other layer-1 networks, criticizing others’ reliance on venture capital funding as contrary to the purpose of blockchain technology.

His statements have sparked various opinions regarding Cardano’s potential for future growth, with experts closely monitoring how its technology and community-focused approach may influence market dynamics. The goal of Cardano surpassing Bitcoin and Ethereum is built on its technological innovations and decentralized governance strategy, with its success dependent on market conditions and network adoption.

@ Newshounds News™

Source: CoinTurk 

~~~~~~~~~

🌱 WHEN WILL THE RV GCR HAPPEN? HOW WILL I KNOW AND BE FUNDED?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Sunday Morning 10-20-2024

TNT:

US Ambassador Alina Romanowski said a “vibrant” private sector and reforms in the banking sector could attract investment to Iraq.

 Romanowski's statement, which she posted on her account on the "X" platform, came on the sidelines of a discussion she described as "fruitful" that took place with the ambassadors of the Iraqi Economic Contact Group, the Trade Bank of Iraq, and the Prime Minister's Office , announcing her support for Iraq's efforts towards sustainable and comprehensive economic development.

Romanowski concluded her post with the hashtag #ComprehensiveUS-IraqiPartnership  link

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

Tishwash:  Ernst & Young presents plan to reform Rafidain Bank to Iraqi Prime Minister

The auditing and financial consulting firm “Ernst & Young” submitted a package of recommendations to Prime Minister Mohammed Shia Al-Sudani, which included the new legal status of Rafidain Bank, its capital, and its work strategy to proceed with the restructuring process in a way that qualifies it to meet the global requirements for modern banking.

This came during a meeting chaired by Al-Sudani to follow up on efforts to develop the work of the government banking sector, in the presence of representatives of the international auditing company and the Governor of the Central Bank, Ali Al-Alaq, in which he stressed that the restructuring of Rafidain Bank is the first step in the government’s banking reforms, which have given special attention to following up on all reports related to it and submitted by the relevant authorities.

Al-Sudani pointed out that the restructuring will work to provide Rafidain Bank with specifications and standards through which problems can be overcome and confidence can be given to citizens, in addition to enhancing cooperation with local and foreign investors .  link

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

Tishwash:  Increase in the market value of companies listed on the Iraq Stock Exchange 

The market value of listed companies increased in market Iraq For securities to exceed the 20 trillion dinar barrier for the first time Iraqi Supported by the banking sector, which represents 50% of the total market value of listed companies, and the communications sector, which represents 39% of the total market value, according to the head of the “Iraq Al-Mustaqbal” Foundation for Economic Studies and Consultations, Manar.Al-Obaidi.

He saysAl-Obaidi In a post I followed Sumerian News, the market value of banking sector companies rose from 6.88 trillion dinars Iraqi In 2021 to reach 10 trillion dinars Iraqi In 2024, the market value of telecommunications companies also increased from 7.3 trillion in 2021 to 7.82 trillion dinars.

The market value of the industrial sector declined compared to 2021, and the market value of the agricultural sector also declined over the four years, according to Al-Obaidi It shows  that the hotel and tourism sector witnessed a significant increase with a growth rate of 61% compared to 2021, so that the market value of the sector rose from 390 billion dinars in 2021 to more than 620 billion dinars in 2024.

It is expected to witness market Iraq Securities will see a significant increase in the coming months and years, especially with the improvement in the revenues of listed companies and the development of their businesses, which makes it a market capable of attracting domestic and foreign investments. It is expected that the market value of the market will reach the 50 trillion dinar barrier in the coming years .Iraqi Supported by the rise in share prices of successful companies as well as the listing of many companies, whether in the public or private sector, on the market, according to Al-Obaidi.   link

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

Tishwash:  Minister of Finance participates in the activities of the Arab-Turkish Economic Forum in Istanbul

Minister of Finance Taif Sami participated today, Saturday, in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul.

The ministry said in a statement received by the Iraqi News Agency (INA): "Minister of Finance Taif Sami participated in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul, in the presence of an elite group of government officials, businessmen and investors from Arab countries and Turkey, and Arab finance ministers."

The statement added, "This year's forum focused on enhancing economic and investment cooperation between Arab countries and Turkey, highlighting investment opportunities in areas such as energy, infrastructure, manufacturing and technology."

The statement continued, "The Minister of Finance delivered a speech during the session, in which she stressed the importance of the economic partnership between Arab countries and Turkey in supporting economic growth and enhancing financial stability in the region."

Sami said in her speech on the occasion - according to the statement: "This forum represents a real opportunity to exchange experiences and build long-term strategic partnerships between Arab countries and Turkey, especially in light of the current global economic challenges. She also called for enhancing joint investments and increasing the volume of trade exchange between the two sides."

She pointed out the importance of "completing the construction of the global trade corridor and taking advantage of Turkey's strategic location and the Arab region as a bridge linking major global markets in Asia, Europe and Africa, and facilitating trade movement efficiently to expand investment and energy corridors. "

She added that "Iraq is currently working - in cooperation with the World Bank - to establish and rehabilitate railways; for the purpose of establishing the development road project, and its strategic importance in linking Asia with Europe, in addition to its economic and development returns for the two countries and regional countries."

The statement concluded, "The Minister of Finance held a series of bilateral meetings with a number of Turkish officials and their counterparts from Arab countries; to discuss ways to enhance financial and investment cooperation and discuss issues of common interest."  link

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

Mot: . da Thought fer da Daze!!!! 

Mot:  Sooooo -- Enjoy!!!!! 

Saudi Gold Accumulation: Preparing for Currency Revaluations and Dollar Decline

Saudi Gold Accumulation: Preparing for Currency Revaluations and Dollar Decline

Awake-In-3D October 18, 2024

Recent and secretive Saudi gold accumulation aligns with a growing global trend, fueling expectations of an imminent currency reset.

The global financial landscape can feel like a never-ending puzzle, but one thing is becoming increasingly clear – the secretive Saudi gold accumulation hints at something big on the horizon.

As the kingdom stockpiles gold and shifts away from traditional dollar-based systems, we are left wondering: Are we on the verge of a Global Currency Reset?

We should certainly keep tabs on how Saudi Arabia’s gold strategy aligns with emerging financial trends, what it could mean for currency revaluations, and how these developments might reshape the world’s financial order.

A New Chapter in Global Monetary Policy

Historically, Saudi Arabia has played a critical role in upholding the global dollar-based financial framework. Its long-standing adherence to pricing oil exclusively in U.S. dollars since the 1970s secured the petrodollar system, reinforcing the dollar’s dominance.

However, Saudi gold accumulation reveals alignment with a broader de-dollarization movement and indicates preparations for a potential global financial reset.

Saudi Arabia’s gold strategy, similar to that of China and other Asian nations, reflects a departure from traditional market practices. Rather than adjusting gold imports based on market fluctuations, the Saudis continue acquiring reserves despite rising prices.

This accumulation suggests deliberate preparations for future currency revaluations or even the collapse of the current dollar-dominated financial system.

Gold’s Role in Currency Revaluations

The steady progress of Saudi gold accumulation positions the kingdom to benefit from currency revaluations (RV).

With fiat currencies under increasing scrutiny, gold offers a neutral, sanction-resistant asset. If Saudi Arabia or other nations realign their currencies with gold, exchange rate systems could shift dramatically. This would not only bolster the national currency but could also pave the way for asset-backed monetary frameworks, reshaping international trade.

Saudi Arabia’s focus on accumulating gold feeds speculation about new monetary structures. Tying the riyal more closely to gold would ripple across oil-exporting nations reconsidering their reliance on the U.S. dollar.

This aligns with the larger Global Currency Reset (GCR), where currencies could be revalued or backed by physical assets, weakening the influence of fiat systems.

The Geopolitical Context Behind Saudi Gold Accumulation

Saudi gold accumulation aligns with a growing trend among nations adjusting their reserve strategies due to geopolitical risks. After the West froze Russia’s foreign reserves in early 2022, many countries, wary of similar actions, turned to gold. China, Thailand, and now Saudi Arabia are expanding their physical reserves to safeguard against economic manipulation.

Discrepancies between reported gold purchases and actual trade flows further highlight Saudi Arabia’s hidden acquisitions. Data from the World Gold Council (WGC) and the International Monetary Fund (IMF) indicate rising central bank gold buying—often without public disclosure. SAMA seems to be quietly funneling gold into reserves while avoiding direct confrontation with the U.S., ensuring a strategic safety net for upcoming currency realignments.

What the Global Currency Reset Could Mean for Saudi Arabia

Saudi gold accumulation suggests the kingdom is preparing for a future in which currencies are backed by tangible assets. This move aligns with discussions surrounding a potential Global Currency Reset (GCR). In this scenario, national currencies with substantial gold reserves could be revalued, challenging the dominance of the U.S. dollar.

Saudi Arabia’s gold reserves not only secure economic stability but also place the kingdom in a powerful position to influence the evolving financial order. A currency revaluation could involve pegging the riyal to gold or transitioning to an oil-backed currency, compelling other nations to adopt similar measures. As more countries diversify into asset-backed currencies, the realization of a GCR becomes increasingly likely.

Oil, Gold, and the Decline of the Dollar

Saudi Arabia’s influence in both the oil and gold markets represents a significant challenge to the dollar’s status as the global reserve currency. As more countries adopt gold-backed reserves and consider alternatives to the petrodollar, the global financial system faces mounting pressure. Saudi gold accumulation mirrors similar strategies among Asian nations, such as China, in what appears to be a coordinated effort to diminish the dollar’s dominance.

By strategically increasing its gold reserves, Saudi Arabia is signaling a pivot toward a financial framework where precious metals play a foundational role. Whether through currency revaluations or a full-scale Global Currency Reset, these developments are set to reshape the global financial system, giving gold-rich nations a leading role in the emerging order.

The Bottom Line

Saudi Arabia’s covert gold purchases underscore the kingdom’s preparations for a financial future centered around tangible assets, diminishing the U.S. dollar’s influence. As nations continue shifting their reserves from fiat to gold, a Global Currency Reset (GCR) may soon realign global exchange rates and trigger currency revaluations (RV).

Through persistent Saudi gold accumulation, the kingdom positions itself as both a catalyst and beneficiary of this transformation. Whether it introduces a gold-backed riyal or plays a strategic role in shaping a multi-polar currency framework, the kingdom is clearly preparing for life beyond the dollar.

With 160 tonnes of gold already added to its reserves—and likely more on the way—the nation stands ready for whatever financial reset lies ahead.

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

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

More News, Rumors and Opinions Saturday PM 10-19-2024

 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. 19 Oct. 2024

Compiled Sat. 19 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 18 Oct. 2024 TNT: “Everything is a go. It’s going to be a super fantastic weekend. Some say by Sun. the 20th. Some say by Sat. the 19th.  Some say tonight, Fri. night. They fully plan it this weekend.”

Thurs. 17 Oct. 2024 Bruce: Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct. They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct. BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.

~~~~~~~~~~

Fri. 18 Oct. 2024 Wolverine:

We received intel saying things started. The green light was given in Zurich as sovereign whales are advancing rapidly and some receiving payment.

Last night I got intel that someone got paid from a close contact of mine. Things are actually moving forward in that side of the world.

Also hearing things in Reno as well.

We are expecting things to happen and blast off on Monday for our big D day in Reno. Bruce’s intel was in line with what we are hearing. 

They are putting the codes in to be started. Some sort mechanism that needs to be put in to release this.

The operative on the transfer of rights on historical items global recovery group, acting as representative of seller at the sovereign buyer level, statement on the status of asset recovery Friday Oct 18, 2024: We are pleased to inform you that we have achieved crucial milestone in our process. All sovereigns have given the green light for the official start, which implies the launch of the QFS as the payment vehicle system. This progress is a testament to our continued dedication and effort.

The authorization of all sovereign marks the beginning of a new era in the management and release of payments QFS implementation: The QFS has been officially established as our payment system. This innovative system guarantees security, transparency and efficiency in all transactions.

The new strong dollar on Nov 6: The USA will introduce the new strong dollar  which symbolizes the strength and stability of our economy.That came through a couple of hours ago.

The USN has started digitally. They are already doing trading using USN, but the ones in the states will be the physical note. The commercial digital dollar is now being used as Swift system is gone.

Reno is moving the money to Zurich paymasters so they will be ready to start Monday.

There are reports that German bond holders are getting funds. Not known if funds are fiat or new USD. Holders are told to get their paperwork ready.

One of the main intel providers who comes from the Latino community/Spanish speaking community, has basically signed off, and he said this will be his last audio. He knows we are in the final stages right now, so he has given us his “good bye” He is a great intel provider, the same way Bruce is. Take care guys we are nearly there. Wolverine

~~~~~~~~~~

Fri. 18 Oct. 2024 Saudi Arabia is making bold moves that could reshape the global financial system—and they’re doing it quietly. Through secret purchases in Switzerland, the Saudi central bank has accumulated 160 tons of gold. This shift suggests more than just a hedge against uncertainty. It looks like the kingdom is gearing up for a Global Currency Reset (GCR) and possible currency revaluations (RV)

Fri. 18 Oct. 2024 BRICS nations—led by China—are buying gold at unprecedented levels, paving the way for a massive currency revaluation that could change how money works across the globe.

Read full post here:  https://dinarchronicles.com/2024/10/19/restored-republic-via-a-gcr-update-as-of-october-19-2024/

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

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

Militia Man  The evidence is abundant.  Iraq is finalizing her reforms.  With what?  The support of American partnerships especially with large economic reforms and financial aspects in Iraq...These things are going to be linking the East to the West and they told you, via what?  Iraq's Development Road Program.  They're going to need the freedom of capital movement.  That's going to be the Real Effective Exchange Rate.

Frank26   Remember when...Alaq went to the United States Treasury and then he came back and then Sudani went to the Untied States Treasury in New York...Do you know where the United States Treasury is right now? ...In Baghdad at the CBI...During this meeting, IMF probably, WTO, well of course, they're there...What did they discuss? The financial inclusion plans in Iraq and about the digital transformation.  This is all part of the monetary reform...

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

BRICS New Payment System “BRICS Pay” Successfully Tested & Launched! | What's Next?

We Love Africa:  10-19-2024

In what is a massive moment for the economic alliance, BRICS Pay has officially been unveiled.

At the BRICS Business Forum taking place in Moscow, participants received brand new cards for the long-awaited payment system.

The cards are the first official debut of the landmark project. Russian State Media originally reported the demo cards contain 500 rubles that can be used for payment throughout three locations at the World Trade.

Moreover, participants will be able to spend the funds throughout the Thursday and Friday events.

 Throughout the last two years, the BRICS bloc has sought increased financial autonomy. Specifically, they have sought increased de-dollarization in an effort to lessen international reliance on Western currencies.

With the bloc’s annual summit just a week away, it has made a massive step toward that goal already. The bloc’s BRICS Pay system has officially been unveiled at the collective’s Business Forum in Moscow.

Those who participate in the event have received a demo version of the payment system card. They have been giving funds to spend through the blockchain-based system.

The card can be registered through a QR code, according to firsthand reports. Additionally, the funds already placed on the card are reportedly valid for the purchase of beverages or souvenirs at the event.

The arrival is like a preview of what could come at next week’s summit. The BRICS 2024 Summit is poised to see the full launch of the payment system. There, the world should get better insight into how it will work and, more importantly, who will participate.

 It provides a clear opportunity for the global south. Specifically, it allows increased local currency trade and challenges US dollar dominance.

https://www.youtube.com/watch?v=pb9E73-72L0

Rising BRICS Gold Reserves Could Trigger Worldwide Currency Revaluation (RV)

Rising BRICS Gold Reserves Could Trigger Worldwide Currency Revaluation (RV)

Awake-In-3D  October 18, 2024

BRICS countries are positioning themselves to redefine currency values across the globe by building massive gold reserves.

BRICS Gold Purchases Signal Global Financial Realignment

Over the past two years, BRICS nations—particularly China—have increased their gold holdings, collectively purchasing thousands of tons. China alone holds over 2,800 tons, with other member states following closely. Analysts increasingly suggest these BRICS gold purchases go beyond hedging against inflation, indicating a strategy to reshape the global financial order.

By reducing US Treasury bond holdings and dollar reserves, the BRICS bloc is building a multilateral financial framework to diminish the dollar’s influence. This strategy is not just about economic security; it lays the foundation for a more substantial financial transformation.

The Multilateral Shift: BRICS Gold and the Decline of Dollar Influence

The development of the BRICS mBridge payment system plays a central role in this shift. Designed to promote trade using local currencies and gold, it provides a practical alternative to SWIFT, the US-dominated financial messaging system.

With BRICS nations moving toward gold-backed trade, they reduce exposure to currency volatility and economic sanctions. This transition aligns with the concept of a Global Currency Reset (GCR), which envisions a financial system built on asset-backed standards, reducing reliance on fiat currencies.

The New UNIT Stablecoin and Currency Revaluation Outlook

The BRICS bloc is also developing the UNIT stablecoin, a digital currency backed by 40% gold and 60% BRICS currencies, all convertible to gold. The UNIT could serve as a catalyst for currency revaluation (RV), offering a new valuation standard tied to tangible assets.

Currency revaluation involves adjusting exchange rates to reflect a currency’s true value in the global economy. The transparency and stability offered by the UNIT may prompt other nations to realign their currencies with gold-backed models, reducing volatility and restoring financial trust.

How the Global Currency Reset (GCR) Could Unfold

The introduction of the UNIT and the BRICS mBridge platform signals a shift toward a new global financial system. Several key developments may shape the unfolding of the GCR:

1. Gold-Backed Valuation Model
   Currencies linked to gold-backed systems will see their exchange rates recalibrated to reflect real asset values, driving revaluations worldwide.

2. Diversification from the Dollar
   As more nations adopt gold-backed currencies, the decline in dollar reserves will lower the dollar’s value, encouraging others to redefine their exchange rates independently.

3. Regional Currencies Anchored to Gold
   Countries outside the BRICS framework may restructure their currencies around gold-backed standards, creating a new global exchange rate system based on tangible assets.

4. Impact on Developing Nations
   Emerging economies could benefit from joining the BRICS payment system, aligning their currencies with gold-backed models. This shift may trigger revaluations, reducing dependency on the dollar and increasing financial autonomy.

Challenges and Future Implications

The transition to a new financial system presents challenges. Resistance from countries heavily invested in the dollar-based system is expected, and the rollout of the UNIT and the BRICS mBridge must be carefully managed to avoid disruptions.

Geopolitical risks are also likely, as the US and its allies may respond with sanctions or other economic measures to defend the dollar’s dominance. However, with the BRICS bloc accounting for over 37% of global GDP, efforts to halt this shift may not be sufficient to stop the momentum toward de-dollarization.

The Bottom Line: A Period of Economic Realignment

The accumulation of BRICS gold reserves and the development of a gold-backed financial system mark the beginning of a global economic shift. As the group advances the UNIT stablecoin and the BRICS Bridge payment platform, the financial system is poised for a Global Currency Reset (GCR).

This reset will likely result in currency revaluations (RV) worldwide, as nations adopt gold-backed standards for greater financial stability and independence from the dollar. Though challenges remain, the BRICS gold-backed strategy represents the rise of a multipolar financial order that will redefine global trade, finance, and currency valuation.

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

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 10-19-24

Good Afternoon Dinar Recaps,

GLOBAL DEBT WILL SHATTER $100,000,000,000,000 THIS YEAR AS GOVERNMENTS PREPARE TO INCREASE SPENDING, WARNS IMF

The International Monetary Fund (IMF) is sounding the alarm on skyrocketing levels of debt held by governments around the world.

In its newest Fiscal Monitor Report, the IMF says global debt is expected to surpass $100 trillion by the end of the year.

That’s up from $97 trillion a year ago, with the United States accounting for about half of the $3 trillion increase.

The IMF says government debt is expected to reach about 93% of global gross domestic product by the end of this year and will approach 100% of GDP by 2030.

The report argues countries should confront their debt risks now, while interest rate reversals give lawmakers space to implement fiscal tightening measures.

“With inflation moderating and central banks lowering policy rates, economies are better positioned now to absorb the economic effects of fiscal tightening.

Delaying would be both costly and risky, as the required correction grows as time goes by; and experience shows that high debt and lack of credible fiscal plans can trigger adverse market reaction, constraining room to maneuver in the face of turbulence.”

The report also highlights the difficulty in truly identifying all government obligations, warning debt forecasts are often overly optimistic.

The IMF says its “debt-at-risk” model suggests that in a severely adverse scenario, global public debt could surge to 115% of GDP within three years due to the potential for weaker growth amid tight financial conditions and other factors like unforeseen policy changes.

Despite the risks, the IMF says government spending is actually set to increase.

“Previous IMF research has shown that fiscal discourse across the political spectrum has increasingly tilted toward higher spending.

And countries will need to increasingly spend more to cope with aging and healthcare; with the green transition and climate adaptation; and with defense and energy security, due to growing geopolitical tensions.”

Earlier this year, the UN also called for “urgent reforms” to the international financial system to address the concerns over surging public debt, which it referred to as a “growing burden to global prosperity.”

@ Newshounds News™

Source:  DailyHodl

~~~~~~~~~

KENYA IMPLEMENTS REAL-TIME CRYPTO TRACKING FOR BETTER TAX COMPLIANCE

▪️The KRA’s new system will integrate with crypto platforms to track real-time transactions, aiming to curb tax evasion and fraud.

▪️Kenya plans to use AI and machine learning to enhance tax compliance and recover lost revenue from the growing crypto market.

Tracking crypto transactions in real-time is something the Kenya Revenue Authority (KRA) is doing in big measure. This action is meant to solve the rising tax losses in the nation resulting from ineffective monitoring of the developing crypto market.

Given Kenya’s crypto sector’s projected Ksh 2.4 trillion in transactions between 2021 and 2022—about 20% of the country’s GDP—a more strong tax collection mechanism becomes absolutely vital.

Real-Time Tracking for Crypto Transactions to Enhance Tax Compliance
To gather important transaction data, including the time, date, and value of every operation, the new tax system will interface with crypto markets and exchanges.

Preventing tax avoidance and making sure all income connected to cryptocurrency is taxed in line with Kenya’s Income Tax Act are the main goals of the KRA.

Though organizations like the Capital Markets Authority or the Central Bank of Kenya mostly control them, profits from cryptocurrency transactions are legally taxable.

This legislative change coincides with the growing popularity of cryptocurrency in Kenya, despite not being as common as other financial innovations like mobile money.

Mostly because digital currencies have cheaper fees and simplicity of cross-border money transfers than conventional banking systems, many people utilize them to save money, send remittances, and make overseas purchases.

But because of their distributed character, cryptocurrency have also drawn appeal to people engaged in illicit operations such as money laundering and fraud.

Apart from real-time tracking, the KRA intends to improve tax compliance using artificial intelligence (AI) and machine learning technologies. These technologies will enable the authority to identify fraudulent behavior and maximize resource allocation, thereby perhaps recovering billions of tax-lost income.

The KRA has a larger reform agenda, including this technical makeover to modernize its systems and raise general tax collecting efficiency.

Simultaneously, comparable initiatives are under progress abroad. For instance, as we previously highlighted, Italy has suggested taxing crypto’s capital gains between 26% and 42%.

This action might fundamentally change the scene of European crypto investment since it will force investors to look for better tax conditions outside than Italy.

Aiming to support the expansion of its digital currency industry, Japan’s Financial Services Agency (FSA) is also contemplating a uniform 20% tax on crypto transactions, according to CNF.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

🌱 SILVER VS GOLD AND WHAT ABOUT COPPER? | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

🌱AUDIO WHAT WAS SAID ABOUT NESARA? BANKING TO WHO ARE YOU? GREAT REPLAY IF YOU MISSED THE CALL |  Youtube

YOU MISSED THE CONSTITUTION CALL LAST NIGHT?  You can still hear it here!  Click the Youtube link above!

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

6 Wealth-Destroying Mistakes People Make Every Day Without Knowing It

6 Wealth-Destroying Mistakes People Make Every Day Without Knowing It

Nicole Spector  Fri, October 18, 2024   GOBankingRates

When we think about wealth, we tend to think mostly about building and maintaining it. But we need to look at the other side of the equation, too: losing wealth. It’s easier to do than you think, and you could be losing wealth regularly with no idea that you’re doing so.

GOBankingRates spoke with financial experts to learn about wealth-destroying mistakes people make every day, without even knowing it.

Not Monitoring Expenses

Got an iron-clad budget in place? Great! But are you also meticulously managing and monitoring your daily expenses? If not, you’re likely losing wealth.

“Many misjudge their expenses or don’t keep an eye on their spending patterns,” said Steven Kibbel CFP, ChFC, CLU, senior editor at InternationalMoneyTransfer.com. “The ‘leak’ may impede attempts to increase wealth. You may reduce wasteful expenses and increase your savings by keeping a close eye on your spending and developing a thorough budget.”

Holding Too Much Cash

It’s crucial to have liquid cash easily available in the event of an emergency, but it’s important not to store too much cash in a savings account, even if it’s generating interest. By keeping too much of your savings in cash, you’re losing money in the long run.

“You’re not only missing out on a huge opportunity to invest and grow your money but you are also allowing your money to erode in value over time relative to inflation,” said Carla Adams, founder and financial advisor at Ametrine Wealth.

“Certainly you should keep a portion of your money in cash (an emergency fund should typically be about 3-6 months of your living expenses), but long-term savings should get invested in stocks and/or bonds.”

Yes, investing in the stock market does come with risks, but there are ways to go about it so you still come out on top.

“Investing in the stock market may seem incredibly risky — and it can be if you’re investing in individual stocks — but if you invest in broad index funds, you can expect an average return rate of about 10% per year,” Adams said. “Short-term market fluctuations can be huge at times; but, for long-term savings, the risk you take on will pay off and your money will double roughly every seven years if you’re invested in an all-equity portfolio.”

Making Just the Minimum Monthly Payment on Credit Cards

TO READ MORE: https://finance.yahoo.com/news/6-wealth-destroying-mistakes-people-130115750.html

Economist’s “News and Views” Saturday 10-19-2024

Europe Is Plunging and the U.S. Economy Is Next - This Time China Won't Help

Sean Foo:  10-19-2024

The ECB just did another emergency rate cut, front-running the Federal Reserve again. This isn't a sign of confidence, it shows the EU is desperate to save their economy.

However, this isn't solving the structural and geopolitical issues. Manufacturing costs are far too high and even China's stimulus won't save them. Here's what you must know.

Timestamps & Chapters:

 0:00 EU Big Emergency Rate Cut

3:02 Europe's Economy Structural Collapse

5:53 China Stimulus Won't Save The West

8:47 Beijing's Money Only For Local Industries

 11:47 Europe's Only Winning Move

https://www.youtube.com/watch?v=KZmJ1N2fcdU

BRICS Summit 2024: Digital Currencies Blockchain Platform, Focus on Infrastructure, BRICS Bank Role

Lena Petrova:  10-19-2024

https://www.youtube.com/watch?v=rYcf2UBad1c

15 Signs Everyday Americans Are About To Break Financially

Epic Economist:  10-18-2024

In 2024, tens of millions of Americans are going completely broke, and millions more are just barely scraping by, new data shows.

You've probably noticed that the value of our money isn't the same anymore. In fact, the dollar has lost 95% of its purchasing power since the 70s.

But recently, that decline has become even more pronounced. Today, households don't have enough money coming in, but bills are piling up.

That's why debt levels are rising astronomically while people's savings accounts are running dry, which is putting thousands of U.S. banks at increased risk of failure.

When the U.S. consumer isn’t in a healthy financial shape, bad things tend to happen. And now, conditions are eerily similar to what we experienced during the run up to the Great Recession.

 With higher living expenses and tighter access to credit, families and individuals in the U.S. are being hit from all sides.

The following facts we compiled for you in this video are going to be an eye-opener about the current state of the U.S. economy and the challenges we are all facing. Without further ado, Here are 15 Signs That Everyday Americans Are About To Break Financially.

https://www.youtube.com/watch?v=20IXWM4AUDk

Weekend News With MarkZ 10-19-2024

Weekend News 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

GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM

Member: Good Morning Mark, Mods and my Patriot Family

Member: Rod Steele said yesterday that the HCL/WTO ascension is all done

MZ: I also think it’s all done…..except for announcements….those announcements are very important.

MZ: “Financial Advisor: Increasing iraq’s share in the International Monetary Fund is a step to enhance the stability of the dinar”   This is a big piece and now we are starting to feel that effect. It is increasing the stability and the prominence of Iraq. The dinar is becoming a “Special Drawing Rights “ (SDR) Currency ….and recognized worldwide.

MZ: “Stability in dollar exchange rates in Baghdad, Basra and Erbil”  Now that Erbil and the Kurdistan region is “playing ball” the stability of the rates are balancing.

MZ: “Iraq to build longest submerged tunnel in the Middle East” Iraq is boosting trade routes and becoming a hub ….they are going to be able to greatly increase oil exports.

Member: How are you feeling about the RV Mark?

MZ: I am still feeling warm and fuzzy

Member: When I feel warm and fuzzy- I take a shower…lol

MZ: I do know of a couple of wealth managers/redemption folks working over the weekend. They do not think we will be doing exchanges this weekend….but do think it is in the very near future.

MZ: I have not heard anything new from CMKX or any individual currency.

Member: Perhaps the (RV) is tied to this upcoming Brics meeting?

Member: The big BRICS meeting starts Tuesday I believe. I think it’s going to be BIG

Member: when do you think forex will have a live rate

Member: Bruce says Monday we will get the toll free numbers. Tuesday we will be exchanging

Mark, Jen was saying she feels 4b will happen this coming week. What do you think Mark?

MZ: I think there is an excellent chance we could go this week. Bond contacts are expecting massive movement this week. Mid week about Wednesday or so. But nobody knows the exact timing.

Member: so when we exchange – will we get old fiat money or new asset backed money???

Member:IMO- when we exchange our currency we will exchange to the USTN not the USD fiat which is dead.

Member:  I believe we're waiting for the public announcements of the USTN and the QFS.

Member: Got a call yesterday from PNC Bank. Sent it to voicemail. Will call next week and poke and prod for answers about wealth management.

Member: You’re watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD

Member: I wish everybody a great weekend!

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 WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

MR. C WILL BE JOINING MARK ON MONDAY MORNING AND ALSO ON HIS NORMAL FRIDAY!

Youtube:     https://www.youtube.com/watch?v=Z9_as2iYRUc

MilitiaMan&Crew News Reporting - Iraq Dinar Updates - Exchange Currency

MilitiaMan&Crew News Reporting - Iraq Dinar Updates - Exchange Currency

10-18-2024

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?app=desktop&v=1A2N8HNWECo&si=mMIDhJ42K1xQQPPm