More News, Rumors and Opinions Monday Afternoon 1-16-2023
DJ: DID YOU KNOW?
A few years back we published an article on DLT’s . All banks were required to update systems to accommodate DLT’s. At the time I expressed that it was probably the most important feature relevant for the functional deployment of the GCR. It went relatively unnoticed at the time.
Distributed Ledger Technology (DLT) refers to the technological infrastructure and protocols that allows the simultaneous access, validation, and record updating in an immutable manner (meaning unchanging over time or unable to be changed) across a network that’s spread across multiple entities or locations.
On March 9, 2022 Executive Order 14067 was signed. Officially titled “Ensuring Responsible Development of Digital Assets” Other than the obvious functional meaning in the title, it also asks for more work to be done into developing a U.S. “Central Bank Digital Currency” or CBDC.
In recent months a white paper was published titled “ The Regulated Liability Network: Digital Sovereign Currency”. The paper presents one potential avenue for upgrading sovereign currency systems with shared ledger technology. The fundamentals of this white paper have recently been deployed and several central banks are actually experimenting and using DLT. The full adoption of distributed ledger technology by the regulated financial system has yet to be a large-scale transformation of market infrastructures but it has started. All things large start small.
There isn’t enough physical currency in print or can be printed to facilitate a global currency exchange. It has to be a digital format. For a digital format to be in place various elements have to, one, be created and two, be deployed. It has to be immutable, secure and incorruptible. DLT (basically blockchain ), coupled with assets backing the values of currency, quantum computing and quantum encryption is the only possible means for what has been identified as the GCR/RV to engage.
I can’t express it enough when I say quit looking at the end product of receiving funds and pay attention to the mechanisms surrounding the event that need to be in place and functional for it to happen. The adoption of this White Paper is one of those functions.
The singular thing that affects if a currency is effective is if the public using the currency has confidence in it. The pros and cons of a digital currency is highly debatable. But if in its creation it can remain immutable the pros vastly out-way the cons and is good news for the beginning of the GCR.
DJ
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=215369
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Courtesy of Dinar Guru
Frank26 Article: "THE CENTRAL BANK CALLS ON EXCHANGE COMPANIES IN "KURDISTAN" TO ADAPT TO ITS INSTRUCTIONS AND THREATENS VIOLATORS" CBI GIVES FINAL INSTRUCTIONS ON THE MONETARY REFORM TO ALL OF ITS BANKS
Sandy Ingram International news feeds light up with details on the Iraqi PM statement on US troops. Article: "Iraqi PM backs indefinite US troop presence in country" Quote: "Iraq would like similar relations with Washington to those enjoyed by Saudi Arabia and other Persian Gulf oil and gas producers says Iraqi Prime Minister Mohammed al-Sudani"
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TNT:
Tishwash: Deputy: The dollar file is ambiguous and marred by corruption
A member of the House of Representatives, Amir Al-Mamouri, confirmed, on Monday, that the currency auction has become a front for draining the dollar and making profits from corrupt money, pointing out that the file of resolving the dollar crisis has not made any progress.
Al-Mamouri said in a statement to Al-Maalouma, that "the exchange rate in the local markets is 160,000 for every 100 dollars, without finding any real solutions," noting that "there are corruption deals in the exchange rate file."
He added, "The House of Representatives is serious about finding out the reasons for the high exchange rate and finding solutions to save the poor classes," noting that "there are more than 75 government and private banks that we do not know the nature of their work."
Al-Mamouri asked, "Do the banks in Iraq perform a service, or is their presence only money laundering and smuggling them out of the country," stressing that "the dollar file requires the government to take a serious stand and be transparent with the public."
The independent MP, Amer Abdel-Jabbar, warned earlier of the crisis of the continued rise of the dollar on the poor segments, expressing his surprise at the failure to include a paragraph discussing the rise in the exchange rate of the dollar on the agenda of the session last Saturday. link
Banks Increasing Credit Limits at Rapid Pace To Keep You in a Chokehold
Stansberry Research: 1-16-2023
In part two of Greg Mannarino's discussion with Daniela Cambone, he says, "the government is creating more slaves to the current system, more than ever before."
"We are going to see currency devaluation on a grand scale this year," Mannarino continues. He concludes by explaining the most optimal way to use credit, and why he "never, ever, ever carries debt."
You can find part one here: https://youtu.be/0H2uiyDb0HE
MARKETS A LOOK AHEAD: Goldman Sachs ADMITS "Economic Data INACCURATE (Fake)!
Greg Mannarino: 1-16-2023