News, Rumors and Opinions Monday Morning 8-1-2022
DJ: DID YOU KNOW?
Here is a reality check. As a potential participant in the looming GCR/RV/Historical Asset Redemption event the general view of participants is to focus on the end result. Meaning the distribution of funds. Little regard is put on the reality of how money actually moves though the systems.
Most don’t realize the complexity of how it works. There are literally thousands of various agencies and compliance oversight protocols built into the banking I.T systems that must be complied with for the money to move. Some of these agencies and protocols are misrepresented, misunderstood and redefined by various Intel providers.
Below are a few of the more prominent and spoke of agencies.
FATCA (Foreign Account Tax Compliance Act). Requires that foreign financial institutions and certain other non-financial foreign entities report the assets held by U.S. account holders. (Financial accounts and foreign assets)
CHIPS (Clearing House for Interbank Payments System) All Large interbank transfers of money in USD must pass through CHIPS. It is the largest private sector USD clearing system in the world, clearing and settling $1.8 trillion in domestic and international payments, per/day.
CIPS (Cross-Border Interbank Payment System) is a payment system that offers clearing and settlement services for its participants in cross-border Chinese currency (RMB) payments and trade. Backed and developed by the Peoples Bank of China (PBOC) in 2015. CIPS uses SWIFT ( Society for Worldwide Interbank Financial Telecommunications)standards and codes to define the type of financial transaction). In 2021, CIPS processed around 80 trillion RMB ($12.68 trillion) with 1280 financial institutions in 103 countries and regions having now been connected to the system.
AML Act (Anti-Money Laundering Act of 2020) Built within the current banking system all financial transaction pass through the FinCEN (The U.S. Department of Treasury “Financial Crimes Enforcement Network”) it’s main purposes were to stop the financing of terrorism and the laundering of criminal financial gains.
The USA Patriot Act . The official title of the act is (Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) . Its purpose is to deter and punish terrorist acts in the U.S and around the world. It has a major focus to prevent, detect and prosecute international money laundering and financing of terrorism.
These are just a few of the dozens of compliance and regulatory issues for International Cross-border transactions. Now consider that each country has its own set of rules and regulations to adhere to.
Also think of what kind of I.T. system that would be needed to gather and process all the collective data needed to pass the individual compliance of the thousands of agencies globally. We are talking trillions of transactions DAILY!
This is what the Quantum Financial System is supposed to be able to do. But the countries of the world have to agree to allow access to their individual data fields for the quantum algorithms to be utilized. And there lies the remaining problem. DJ
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=204513
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KTFA:
Clare: An extension movement calls for the dissolution of Parliament
Baghdad - The extension movement called for the dissolution of parliament.
And she stated in a statement: We affirm our endeavor to dissolve Parliament and hold early elections in accordance with a fair electoral law through a constitutional amendment that will be submitted to a popular referendum and the formation of an independent Federal Supreme Court. LINK
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Courtesy of Dinar Guru
Jeff At the end of the day Iraq cannot go international if the rate remains below zero...it is a reinstatement. That means put it back to where it was in the $3+ range. Iraq has to put their rate back that's comparable to the region. None of the other middle eastern countries have a rate below zero. Some of the lowest rates in the Middle East are maybe down around where Saudi Arabia is - around a quarter. That's the low side.
Tivon ...Purchasing Power for the citizens will come regardless of a new government or budget. Why do you think they have already completed the new salary scale? Because the EFSL covers what? All Contracts & Procedures. Not the GOI. Not the budget. At least for this year.
HI HO SILVER WITH WITH BILL HOLTER, ANDY SCHECTMAN & Jean-Claude@BeyondMystic
7-29-2022
Recession, Inflation, And The Global Economy By Peter Schiff, Gregory Mannarino, And Jeff Snider
CryptoStudio247: Jul 31, 2022
This video is very informative, you'll see Peter Schiff, Gregory Mannarino, and Jeff Snider opinions on "Recession, Inflation, and the Global Economy." They also explain the factors influencing it. So, listen till the end to understand the complete game.