Awake-In-3D: China and Russia are Leading BRICS Alliance to Introduce a Gold-Backed Currency: Can it Challenge the US Dollar?

Awake-In-3D:

China and Russia are Leading BRICS Alliance to Introduce a Gold-Backed Currency: Can it Challenge the US Dollar?

On June 22, 2023 By Awake-In-3D

What You Need to Know

As a precursor to Our GCR, the global financial landscape is witnessing a tectonic shift as nations increasingly turn away from the US dollar and seek alternatives that offer stability and trust. China and Russia, recognizing the erosion of faith in the US currency, are strategically positioning themselves within the BRICS Alliance to introduce a new gold-backed currency.

Below, I break this complex situation down into an easy-to-understand format. I discuss the rising trend away from the US dollar, the growing role of China’s yuan, the significance of gold in international trade, and how the BRICS Alliance could potentially challenge the dominance of the G7 Alliance and the US dollar.

Key Points:

1. The erosion of trust in the US dollar and the search for alternatives

2. China’s expanding influence and the role of the yuan in global trade

3. The significance of gold as a trusted asset and settlement currency

4. The strategic positioning of China and Russia within the BRICS Alliance

5. Potential implications for the G7 Alliance and the future of the US dollar

Key Statistics and Figures:

• Argentina has doubled its currency swap access to $10 billion, with the swap being in Chinese yuan (CNY) instead of US dollars.

• Pakistan has signed a deal with Russia to buy crude oil, settling the bill in CNY rather than USD.

• Global central banks have engaged in record-breaking levels of CNY currency stacking via FX swap lines, with 109 billion yuan stacked by the end of March.

• Gold discoveries have been shrinking, with no major discoveries since 2019.

• The US has been increasing interest rates amidst a massive debt bubble, raising concerns about solvency risk and potential dollar debasement.

In today’s global financial landscape, the US dollar’s role as the dominant reserve currency is being increasingly challenged. Nations around the world are seeking alternatives that offer stability, trust, and protection against geopolitical uncertainties. China and Russia, recognizing this paradigm shift, are strategically positioning themselves within the BRICS Alliance to introduce a new gold-backed currency that could challenge the G7 Alliance and the US dollar’s supremacy. This article delves into the underlying factors driving this trend and the potential consequences it may have on the global financial order.

The Erosion of Trust in the US Dollar

The history of bankrupt empires and regimes serves as a cautionary tale, highlighting the dangers of unsustainable fiscal policies and short-sighted political decisions. The Federal Reserve and the United States find themselves at a crossroads, where the choice between saving the system or sacrificing the currency becomes increasingly apparent. As nations witness the consequences of the US weaponizing the world reserve currency through politically motivated sanctions, they are turning away from the US dollar.

China’s Expanding Influence and the Rise of the Yuan

China’s emergence as a global economic powerhouse has been accompanied by a steady increase in its influence and stature. The Chinese yuan (CNY) is gaining prominence as a settlement currency, particularly in energy and real asset deals. Unlike the US dollar, the yuan is not seeking to become the world reserve currency but instead plays a significant role in trade settlement. China’s growing liquidity, established swap lines, and increasing gold reserves demonstrate its determination to shape the future financial order.

The Significance of Gold as a Trusted Asset

In times of financial uncertainty, gold has historically served as a safe haven for nations seeking stability. Unlike fiat currencies, gold has an intrinsic value and limited supply, making it a trusted asset. The abandonment of the gold standard by the US in 1971 marked a turning point, leading to the gradual erosion of trust in the US dollar as a reliable store of value. As demand for gold continues to rise while discoveries shrink, the price of gold is poised to increase, highlighting the importance of this precious metal in the evolving global financial landscape.

China and Russia’s Strategic Positioning within the BRICS Alliance

China and Russia, cognizant of the changing dynamics, are leveraging their positions within the BRICS Alliance to challenge the dominance of the G7 Alliance and the US dollar. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, have been steadily enhancing their economic cooperation and diversifying away from the US dollar. China and Russia’s increasing gold reserves and their focus on strengthening relationships with other nations based on mutual interests and trust provide a solid foundation for the introduction of a new gold-backed currency.

Implications for the G7 Alliance and the Future of the US Dollar

The introduction of a gold-backed currency by the BRICS Alliance, led by China and Russia, poses significant implications for the G7 Alliance and the future of the US dollar as the dominant reserve currency. As nations gradually shift their focus away from the USD and seek alternatives, the US’s solvency risk and dollar debasement become increasingly apparent. The evolving global financial landscape may witness a redistribution of power, where China and Russia’s strategic maneuvering within the BRICS Alliance plays a pivotal role.

Conclusion

The gradual decline in trust and confidence in the US dollar has paved the way for a potential challenge from the BRICS Alliance, led by China and Russia, in the form of a new gold-backed currency. As nations seek stability, trust, and an alternative to the US dollar, the role of the yuan as a settlement currency and the significance of gold as a trusted asset cannot be overlooked. The strategic positioning of China and Russia within the BRICS Alliance indicates a shift in the global financial order and raises questions about the future of the G7 Alliance and the US dollar’s supremacy.

Awake-In-3D | GCR RealTimeNews

https://ai3d.blog/china-and-russia-are-leading-brics-alliance-to-introduce-a-gold-backed-currency-can-it-challenge-the-us-dollar/

Awake-In-3D: Declassified: DNA Molecule Quantum Computing – QFS Technology Finally Revealed?

Declassified: DNA Molecule Quantum Computing – QFS Technology Finally Revealed?

On June 22, 2023 By Awake-In-3D

Finally! I have been able to review 13-year old, DECLASSIFIED documentation on advanced, developments in quantum computing technology which provides what the QFS is potentially built upon. Unlocking the secrets of DNA-based quantum computing which details disruptive advancements that reshapes data management, computational power, and complex decision-making.

Below I have summarized the details and unparalleled advantages of this groundbreaking technology, where the future of financial systems meet the cutting edge of science.

As we step into the future of the global financial system, specifically Our GCR, one technology has loomed large – The QFS. Or, more accurately, Quantum Financial Data Management Computing.

While the development for this groundbreaking technology was being revealed as far back as 2010, it is now increasingly clear that significant breakthroughs in quantum computing for financial system data management are likely here today.

I have reviewed a declassified document that appears to be serious information. While I obviously cannot absolutely vouch for the validity of the declassified information, as an Electrical Engineer, the details are both compelling and technically competent. Here is my plain language assessment of a highly technical document in the context of Quantum Financial System Data Management applications.

An Introduction to DNA Molecular Quantum Computing

Unleashing the Potential of DNA Quantum Computing Technology: Advantages, Significance, and Capabilities

In the realm of quantum computing, an intriguing and highly promising technology stands out: DNA quantum computing. Building upon the principles of molecular computing and leveraging the unique properties of DNA molecules, this revolutionary approach offers a host of advantages and capabilities that make it a significant contender in the field. In this article, we will explore the significance of DNA quantum computing technology, delving into its advantages, capabilities, and the immense potential it holds for transforming the landscape of quantum computing.

Advantages of DNA Quantum Computing:

Massive Parallelism: Unlocking Computational Power

One of the primary advantages of DNA quantum computing lies in its ability to leverage the massive parallelism inherent in DNA molecules. DNA-based systems can perform a vast number of computations simultaneously, vastly exceeding the capabilities of traditional computing methods. This inherent parallelism allows for accelerated processing and enables complex calculations at an unprecedented scale.

Compact Data Storage: Efficient and Dense Information Encoding

DNA molecules possess an extraordinary capacity for storing information. With their ability to encode vast amounts of data in a compact form, DNA-based quantum computing systems offer unparalleled efficiency in data storage. This advantage becomes particularly significant in financial data management, where the ability to process and store large volumes of data is crucial.

Fault Tolerance: Resilience in the Face of Errors

Errors are an inevitable part of computing systems, and quantum computers are no exception. However, DNA quantum computing technology exhibits inherent fault tolerance. Due to the redundancy and self-correcting nature of DNA-based systems, errors that occur during computations can be detected and rectified, ensuring the reliability and accuracy of results. This fault tolerance makes DNA quantum computing resilient to errors caused by factors such as cosmic radiation.

Capabilities of DNA Quantum Computing:

Complex Computational Power: Tackling Complex Financial Problems

DNA quantum computing technology opens up new horizons for solving complex financial problems. The immense computational power of DNA-based systems allows for the efficient execution of intricate algorithms and simulations, enabling financial institutions to analyze vast datasets, perform risk assessments, optimize portfolios, and model complex financial scenarios with exceptional accuracy and speed.

Nanoscale Repair Mechanisms: Enhancing System Longevity

DNA-based quantum computing systems offer a unique advantage in terms of nanoscale repair mechanisms. Unlike traditional solid-state devices that are prone to wear and damage, DNA circuits can repair themselves at the nanoscale. This capability ensures the longevity and durability of the computing system, mitigating the impact of cosmic radiation and normal wear and tear, thereby reducing maintenance costs and enhancing system reliability.

Versatility and Scalability: Tailoring Solutions to Financial Needs

DNA quantum computing technology is highly versatile and scalable, offering the potential for tailoring solutions to meet the specific needs of the financial industry. The ability to design and engineer DNA-based circuits and logic gates allows for customization and optimization of computational processes, ensuring compatibility with various financial algorithms and applications. Moreover, the scalability of DNA-based systems enables seamless integration with existing financial infrastructures, paving the way for smooth adoption and implementation.

Significance of DNA Quantum Computing:

Accelerating Financial Computations: Real-Time Decision-Making

The significance of DNA quantum computing technology lies in its ability to accelerate financial computations, thereby enabling real-time decision-making. Financial institutions can leverage the parallel processing capabilities of DNA-based systems to process vast amounts of data rapidly, leading to more informed and timely decision-making. This advantage becomes particularly critical in high-frequency trading, risk analysis, and algorithmic trading, where split-second decisions can make a significant impact.

Data-Intensive Financial Analysis: Unleashing Insights

With the increasing volume and complexity of financial data, the significance of DNA quantum computing technology becomes evident in its ability to unleash valuable insights. DNA-based systems can efficiently process and analyze large datasets, detecting patterns, trends, and correlations that may go unnoticed with traditional computing methods. By extracting actionable insights from vast amounts of data, DNA quantum computing empowers financial institutions to make data-driven decisions with enhanced precision and accuracy.

Secure Financial Operations – Advanced Encryption and Security

Data security is a paramount concern in the financial industry. DNA quantum computing technology offers advanced encryption and security mechanisms, bolstering the protection of sensitive financial information. With the ability to develop quantum-resistant encryption algorithms, DNA-based systems ensure that financial data remains secure even in the face of quantum computing advancements that may pose a threat to traditional cryptographic systems.

Quantum Computing: Unleashing Unprecedented Computational Power

Quantum computing harnesses the fundamental principles of superposition and entanglement to unlock exponential computational power. Over the past decade, substantial progress has been made in developing practical quantum computing systems, moving beyond theory to concrete implementations. This progress, combined with advancements in hardware, algorithms, and error correction techniques, has brought us closer than ever to realizing the full potential of quantum computing.

While the source material mentioned the challenges associated with ion trap technology and cryogenic systems, significant strides have been made in addressing these obstacles DNA molecule circuit design. These developments bring quantum computing closer to becoming a practical tool for data management in the financial industry.

Quantum Computing and Financial Data Management: Redefining Possibilities

The financial industry thrives on data, and quantum computing presents an unparalleled opportunity to transform data management. The massive computational power of quantum computers enables the analysis of vast datasets in real-time, empowering the new financial and currency system to extract valuable insights, detect patterns, and make data-driven decisions with unprecedented speed and accuracy. Quantum algorithms specifically designed for financial applications were being secretly studied and developed well over a decade ago, promising to revolutionize risk analysis, fraud detection, and algorithmic trading platform management.

Data Security and Encryption: Fortifying Financial Systems

With the growing threat of cyberattacks, data security is of paramount importance in the financial sector. Quantum computing not only poses a disruptive force in data analysis but also in data encryption. The ability of quantum computers to perform complex mathematical calculations threatens current cryptographic systems. However, this challenge also opens the door for developing quantum-resistant encryption algorithms, ensuring the long-term security of financial data in an era of quantum computing.

Quantum Computing and Risk Analysis: Enhanced Decision-Making

Risk analysis is a critical aspect of financial operations. Quantum computing has the potential to accelerate risk calculations, allowing for more comprehensive and accurate assessments. Complex financial models can be simulated in real-time, enabling institutions to make informed decisions and mitigate risks proactively. The speed and computational power of quantum computers offer a significant advantage in managing risk, resulting in more robust financial systems.

Conclusion

DNA quantum computing technology represents a significant breakthrough in the field of quantum computing, with far-reaching implications for financial data management and computational capabilities. Its advantages, such as massive parallelism, fault tolerance, and compact data storage, coupled with its capabilities in tackling complex financial problems, nanoscale repair mechanisms, and versatility, make it a technology of immense significance. By harnessing the power of DNA-based quantum computing, financial institutions can accelerate computations, gain valuable insights, enhance data security, and make informed decisions in real-time. As DNA quantum computing continues to evolve and mature, its potential to reshape the financial landscape becomes increasingly apparent, offering new horizons of efficiency, accuracy, and reliability in financial computations.

Over the past 13 years, quantum computing has evolved from a theoretical concept to a technology on the brink of revolutionizing financial data management. From data analysis and encryption to risk analysis and portfolio optimization, quantum computing offers unparalleled potential for enhancing the efficiency, security, and real-time management of financial systems globally.

Awake-In-3D | GCR RealTimeNews

https://ai3d.blog/declassified-dna-molecule-quantum-computing-qfs-technology-finally-revealed/

Awake-In-3D: Commercial Real Estate: A Likely Trigger for Fiat Financial System, then US Dollar Collapse

Awake-In-3D:

Commercial Real Estate: A Likely Trigger for Fiat Financial System, then US Dollar Collapse

On June 20, 2023 By Awake-In-3D

CRE (Commercial Real Estate) debt is a ticking time bomb for the U.S. banking/financial industry. It’s forming a perfect storm with serious implications for the Fiat Dollar. Here’s what’s happening:

• The FED has raised interest rates faster and higher that any time in history making CRE new loans far more expensive than a few years ago.

• Tennant occupancy and lease revenues are are at an all time low due to the new work-from-home business landscape reality today.

• As CRE Development and Property Management firms seek to refinance their properties, they no longer qualify for new loans due to the higher interest payments coupled with lower Tennant revenue streams.

• Banks are increasingly tightening their lending standards to prevent further erosion of bank stability and risk aversion.

• Many CRE properties will be forced into bankruptcy as loans dry up and foreclosures are ramping up each month right now.

• Pension and Insurance firms holding CRE bonds for revenue (liquidity to pay beneficiaries and claims) will come under increasing operational stress as all perfect storm above plays out.

• This will all culminate in U.S. Fiat Dollar weakness sparking a global fiat currency collapse.

U.S. CRE (Commercial Real Estate) assets grew to $6.0 trillion (23.0% of GDP) by the end of 2022. Life insurance companies hold 12% of that.

The U.S. Life Insurance sector holds about $900 billion, or 17% of their total cash and invested assets, in CRE – mostly in commercial mortgage loans (CMLs) and Commercial Mortgage Backed Securities (CMBS).

Over one-fifth of the industry’s total CRE exposure is to the office sub-sector, while another 16% is to retail.

Also, US Small Bank’s exposure to CRE has ballooned during the last few years. If CRE comes under stress as many fear, we will see a huge turmoil in the banking/financial sector.

There is growing concern over a potential commercial real estate (CRE) debt crisis that could trigger a collapse in the financial system and devalue the U.S. Dollar. While U.S. banks were viewed positively last year, the alarm has been raised due to smaller banks’ exposure to CRE, particularly commercial offices that have been financially impacted by the increase in remote work.

As downtown offices remain empty or underutilized, the value of office buildings is declining, and smaller banks hold a significant share of these assets. Unlike larger banks, which only have about 6% of their assets in CRE, many smaller banks have around 33% exposure to the sector. Small banks have historically faced challenges in commercial real estate, often leading to their failure. This creates additional stress on small banks and the associated risks to the economy. Banks are facing increased pressure to tighten credit standards while managing their declining CRE portfolios.

Furthermore, the Federal Reserve’s ongoing interest rate increases add to the concerns. While the decline in office occupancy hasn’t fully affected the CRE sector yet, many CRE loans are coming due in the coming months. This presents challenges for new lending and refinancing, as reduced rental revenues and higher interest rates for borrowing and refinancing pose significant obstacles.

The key problem is the potential impact of these risks on overall economic stability. Financial crises in specific sectors have historically spread through contagion to other sectors, causing dramatic economic pain. Past crises such as savings and loans, developing country debt, energy finance speculation, and the mortgage and securities crisis of 2008 have revealed the risks of speculative booms affecting the entire economy.

This time, the problem lies in a much larger financially driven crash associated with risky lending and contagion, primarily driven by small banks and CRE lending. If a contagion takes hold and spreads to other, already strained financial system sectors, the probability for a system-wide collapse increases exponentially. Then down goes the Fiat U.S. Dollar.

Awake-in-3D GCR RealTimeNews

https://ai3d.blog/commercial-real-estate-a-likely-trigger-for-fiat-financial-system-then-us-dollar-collapse/

Awake-in-3D: "IMF’s Global CBDC Platform: Another Step Towards an Elitist Global Currency Reset?"

IMF’s Global CBDC Platform: Another Step Towards an Elitist Global Currency Reset?

On June 19, 2023 By Awake-In-3D

The IMF is developing a platform for central bank digital currencies to enable cross-border transactions, but this appears to be yet another step towards a global currency reset backed by fiat currency-based assets, including gold hoarded by central banks, leading to an elitist financial system. Is this the future of money, or a dangerous step towards economic inequality?

I have always held the view that there are two GCR scenarios heading our way. Our GCR and the Elitist Monetary Reset. This is obvious given that both sides know the current, global fiat system experiment is coming to its logical conclusion.

Both alternative systems will utilize assets. Our GCR is backed by off-ledger gold, their Reset will be backed by fiat currencies, perhaps SDRs (Strategic Drawing Rights), and perhaps some central bank gold reserves – which is why global central banks are buying gold in record amounts over the past 18 months.

The IMF’s most recent announcement of their interconnecting CBDC payment platform initiative is their next step.

The International Monetary Fund (IMF) is developing a platform for central bank digital currencies (CBDCs) that will enable cross-border transactions. The IMF wants central banks to agree on a common regulatory framework for digital currencies to allow global interoperability.

Already, 114 central banks are exploring CBDCs, with about 10 having crossed the finish line. IMF Managing Director Kristalina Georgieva emphasized that CBDCs should be backed by assets, and that cryptocurrencies are an investment opportunity only when backed by assets. Georgieva also suggested that CBDCs could promote financial inclusion and reduce the cost of remittances.

The creation of a global CBDC platform would prevent the rising popularity of decentralized cryptocurrencies from filling a regulatory void. Critics suggest that this is another step towards a global currency reset backed by fiat currency-based assets, including gold hoarded by central banks, leading to an elitist financial system.

Article Reference: www.reuters.com/markets/imf-working-global-central-bank-digital-currency-platform-2023-06-19/

https://ai3d.blog/imfs-global-cbdc-platform-another-step-towards-an-elitist-global-currency-reset/

Awake-In-3D - GCR Comics Vault

GCR Comics Vault

“Nonsense wakes up the brain cells. And it helps develop a sense of humor, which is awfully important in this day and age. Humor has a tremendous place in this sordid world. It’s more than just a matter of laughing. If you can see things out of whack, then you can see how things can be in whack.”

Dr. Seuss

Between 2012 and 2015, the GCR scene was wildly prolific. It was akin to the Wild West of an evolving GCR landscape. I was writing prolifically on Dinar Land chat sites, always asking the “inconvenient questions” which often times got me outright banned from nearly every public chat room there was.

We were being constantly told by the Intel Gurus of the day that the GCR was happening and even completed on a daily basis. Yet there was always a reason that we couldn’t exchange our IQD or VND. It was simultaneously stressful and frustrating.

These were the days when it was all about the IQD, VND, Iranian Rial and the Indonesian Rupiah. But then, the Zimbabwe Dollar hit the scene sparking an entirely new sphere in the RV/GCR landscape. Until that point, most of us couldn’t imagine that a currency denominated in amounts up to 100 Trillion could even exist Not to mention that these ZIM were Bonds, not currency notes.

Through all of the frustration and confusion, I began creating a series of GCR Comics to break the tension of the times with parody and humor. Some of you new to the GCR world may not recognize some of the faces and names mentioned in these comics, but the messages and memes conveyed are still relevant today.

I’ll place contextual captions under each comic where possible. New comics will be added periodically.

2013: I adopted the online “Bad Robot” avatar and the user name Awake-I’m-3D. The logo was eventually noticed by Hollywood legal folks and I had to abandon the Red Robot graphic in 2016.

2013: [Meme from the Bruce Willis movie “The Sixth Sense”] The constant reports of liquid funds moving from GCR Collateral Accounts to Paymasters worldwide.

2014: Awaiting the Dragon Family Elders to release GCR funding liquidity. Dave Schmidt was a prominent Dinar Land personality at the time discussing the Dragon Families and their connection to the GCR.

2015: Iraqi Prime Minister Abadi trying to get IMF Chairman Christine Lagarde’s attention for a multi-billion loan. Dinar Land “Intel” stated that once Iraq secured this IMF loan, the RV would be triggered. We were also being told that the IMF was bankrupt and closed down.

2017: [Meme on the Keanu Reeves movie “Bill & Ted’s Excellent Adventure”] Disclosure of NESARA and the GCR kept missing “back wall” dates. I figured the one’s tasked with Disclosure had signed NDAs and couldn’t disclose the Disclosure.

2015: Scarface Tony Montana wants to get rid of his Fiat Dollars after he learns about the GCR

2015: Tony Montana goes all in on ZIM 100T Bond notes. Growing tired of waiting for the GCR to happen, he confronts a banker to redeem his ZIM.

2015: After redeeming his ZIM, Tony learns he only got the Public Tier 5 rate of instead of the Private Tier 4 rate.

Awake-In-3D: The End of Global Fiat Currencies: China’s Belt and Road Initiative and the BRICS Alliance Sets the Stage for Our GCR

Awake-In-3D:

The End of Global Fiat Currencies: China’s Belt and Road Initiative and the BRICS Alliance Sets the Stage for Our GCR

On June 16, 2023 By Awake-In-3D

The rapid advancement of China’s Belt and Road Initiative and the BRICS Alliance’s plans to create a new gold-backed currency sets the stage for Our Global Currency Reset, bringing an end to the reign of global fiat currencies when the current financial system collapses.

As the world becomes increasingly interconnected, the West is threatened by the success of the BRI and is responding with a proxy war against Russia and a rival infrastructure investment partnership. China and the BRICS Alliance are committed to cooperation, sustainable security, and a new global financial system that is fair, equitable, and gold-backed. In this article, I outline how this new era of global economic power dynamics will unfold and what it means for the future of the world economy.

The BRI and EAEU Integration

China’s President Xi Jinping and Russia’s President Vladimir Putin have fully integrated their strategy at the level of Belt and Road Initiative (BRI) and Eurasian Economic Union (EAEU) interaction. They aim to boost connectivity with Afghanistan, Pakistan, and Iran and prevent foreign interference and color revolution attempts that could disturb BRI. Putin emphasized working with China to “link the integration processes” of EAEU and BRI, thus “implementing the large-scale idea of building a large-scale Eurasian partnership.”

The G7’s Response

The West, on the other hand, is using the new Western mantra of “de-risking” to contain China. They have committed to raising $600 billion for a Global Infrastructure Investment Partnership to rival BRI. However, no serious Global South player thinks they are being “coerced” to join BRI. In fact, the G7’s efforts have been deemed a thinly disguised exercise about “containing” China.

China’s New Security Initiative

At the recent Shangri-La dialogue platform in Singapore, State Councilor and Defense Minister General Li Shangfu explained China’s “New Security Initiative”. He stressed the concept of “common, comprehensive, cooperative, and sustainable security” and dismissed the “so-called ‘Indo-Pacific strategy’” as a tawdry Hegemon rant. Li made it clear that Taiwan is China’s Taiwan, and how to solve the Taiwan question is the Chinese people’s business.

China vs. The West

As China’s BRI gains momentum and its alternative development model gains popularity in the Global South, the West is becoming increasingly threatened. The US/NATO proxy war against Russia in Ukraine is seen as a move to interrupt BRI’s progress and halt its potential success. Meanwhile, China is committed to working with all parties to strengthen the awareness of an “Asia-Pacific community with a shared future,” emphasizing the importance of cooperation and sustainable security.

What it all Means

As China’s Belt and Road Initiative gains momentum and its alternative development model gains popularity in the Global South, it is also coupled with the BRICS Alliance growth and plans to create a new gold-backed currency.

This is the blueprint and sets the stage for Our Global Currency Reset, bringing an end to the reign of global fiat currencies when the current financial system collapses.

 While the West is threatened by the BRI’s success and is responding with a proxy war against Russia and a rival infrastructure investment partnership, China and the BRICS Alliance are committed to cooperation, sustainable security, and a new global financial system that is fair, equitable, and gold-backed. It remains to be seen which model will prevail, but the stage is set for a new era of global economic power dynamics.

GCR Real-Time News

https://ai3d.blog/the-end-of-global-fiat-currencies-chinas-belt-and-road-initiative-and-the-brics-alliance-sets-the-stage-for-our-gcr/

Awake-In-3D The Rise of New Geopolitical Alliances Uniting to Replace Fiat Currencies and Resetting the Global Financial Order

Awake-In-3D

The Rise of New Geopolitical Alliances Uniting to Replace Fiat Currencies and Resetting the Global Financial Order

On  June 15, 2023  By  Awake-In-3D

Setting the stage for Our GCR, a seismic shift is underway in the global financial arena as new geopolitical alliances challenge the dominance of the US Dollar-based monetary system. With China’s expansion in Riyadh and Egypt’s pursuit of BRICS membership, a paradigm shift is on the horizon. Brace yourself for a provocative exploration of how these alliances aim to reset the global financial order, offering an alternative to the US Dollar and reshaping the balance of power in the world economy. The winds of change are blowing, and the implications are profound.

Now is a good time to summarize what’s been happening so far ahead of the upcoming 2023 Annual BRICS Summit in August.

Key Facts

• The Middle East’s sovereign funds are projected to reach $10 trillion by 2030.

• China anticipates receiving between $1 trillion and $2 trillion in investment inflows from the Middle East.

• Egypt joined the BRICS New Development Bank, which could help the country address its economic crisis – shunning the IMF.

• More than a dozen new countries have expressed interest in joining BRICS over the past few months alone.

• BRICS foreign ministers expressed willingness to admit new members, including Saudi Arabia.

• The Bank of China is set to open its first branch in Riyadh, Saudi Arabia by November 2023.

• The Bank of China aims to introduce the Chinese yuan to the world and promote its use in commercial transactions.

• Egypt has officially applied to join the five-member BRICS bloc of emerging economies.

• Egypt is interested in BRICS’ initiative to maximize trade transfers to alternative currencies and potentially create a joint currency.

• Egypt is planning to pay for imports from India, China, and Russia in their local currencies instead of the US dollar.

• Strategically-improtant Middle-eastern nations including Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have all formally asked to join BRICS.

• The Hong Kong Stock Exchanges and Clearing Ltd predicts that more than 10 to 20 percent of the Middle East’s sovereign funds will be invested in China.

In a rapidly changing world, new geopolitical alliances are forming as a transformative response to the existing global financial order dominated by the US Dollar-based fiat currency system. These alliances are driven by the goal of offering an alternative, asset-backed monetary system that challenges the hegemony of the US Dollar and resets the global financial and currency system. This article delves into the motivations behind these alliances and explores how they seek to reshape the global financial landscape, offering a more diversified and multipolar approach to global governance.

The Bank of China Expands in Riyadh: An Alternative to the US Dollar

The Bank of China’s decision to open its first branch in Riyadh represents a significant step towards establishing an alternative to the US Dollar-dominated monetary system. By introducing the Chinese yuan as a global currency and promoting its use in commercial transactions, China aims to challenge the US Dollar’s role as the primary global reserve currency. This move encourages other countries to consider diversifying their currency holdings and reduces their dependence on the US Dollar. As China strengthens its economic ties with the Arab world, this alliance poses a substantial challenge to the existing financial order.

Egypt’s Pursuit of BRICS Membership: A Shift in Trade Mechanisms

Egypt’s official application to join BRICS signifies its intention to be part of an alliance that seeks to reset the global financial and currency system. BRICS countries, including Brazil, Russia, India, China, and South Africa, are actively engaged in maximizing trade transfers to alternative currencies and exploring the creation of a joint currency. Egypt’s interest in joining BRICS reflects its desire to reduce its reliance on the US Dollar and seek alternative trade mechanisms that promote financial independence and stability. By diversifying payment mechanisms and forging closer economic ties with BRICS nations, Egypt aims to recalibrate international trade and contribute to reshaping the global financial landscape.

BRICS: Catalyst for a Paradigm Shift in Global Finance

BRICS, with its vision of a more inclusive multilateralism, aims to reset the global financial landscape by challenging the dominance of Western-dominated institutions. The bloc, through its willingness to admit new members, including Saudi Arabia, seeks to rebalance the global order and provide a platform for nations to assert their economic sovereignty. By fostering partnerships and collaboration among member countries, BRICS offers an alternative framework for global governance that accommodates diverse interests and perspectives. The potential expansion of BRICS membership and the interest from nations worldwide signals a paradigm shift in the global financial and currency system.

Economic Implications: Redefining Investment Patterns and Currency Usage

As new alliances emerge, the economic implications reverberate throughout the global financial system. China stands to benefit from the Middle East’s sovereign funds, which are projected to reach $10 trillion by 2030. The redirection of a significant portion of these funds towards investments in China provides an alternative investment avenue and diversifies away from traditional Western markets. Furthermore, Egypt’s plans to trade in local currencies with countries like India, Russia, and China present an opportunity to reduce dependency on the US Dollar and establish a more diversified and robust trade ecosystem. These shifts in investment patterns and currency usage reset the balance of economic power and contribute to the ongoing transformation of the global financial landscape.

Summary

The formation of new geopolitical alliances and the pursuit of alternative monetary systems mark a significant shift in the global financial and currency system. By challenging the US Dollar-dominated fiat currency system, these alliances aim to reset the global financial landscape and promote a more diversified and multipolar approach to global governance. The Bank of China’s expansion in Riyadh, Egypt’s pursuit of BRICS membership, and the growing interest from nations worldwide reflect a desire for financial autonomy and the need to redefine trade mechanisms.

 As these alliances gain momentum and control over essential resources, such as energy and rare earth minerals, they contribute to reshaping the geopolitical dynamics and offer an alternative to the US Dollar-based monetary system. The global financial order is undergoing a transformation, and the rise of these new alliances signifies a resetting of the global financial and currency system towards a more balanced and interconnected future.

Source: GCR Real-Time News

https://ai3d.blog/the-rise-of-new-geopolitical-alliances-uniting-to-replace-fiat-currencies-and-resetting-the-global-financial-order/

Awake-In-3D: GCR Update: Iraq’s Budget – A Recipe for Disaster

Awake-In-3D

GCR Update: Iraq’s Budget – A Recipe for Disaster

On June 14, 2023 By Awake-In-3D

Is this a GCR signpost? Seriously? IRAQ IS NOT READY TO FLOAT HER CURRENCY. Hence, any rumors of such an IQD RV, without GCR gold and infrastructure, are simply wishful thinking. Our GCR is critical to Iraq’s RV.

Iraq’s Parliament recently approved a 2023 budget of 198.9 trillion Iraqi dinars ($153 billion), allocating record funds for public wage bills and development projects. However, the budget deficit is estimated at a record 64.36 trillion Iraqi dinars, and Iraq’s increasing dependence on oil revenue is a risk to its economic independence.

Here’s my analysis in detail…

IMF warns of mounting deficits and financial pressure

The International Monetary Fund (IMF) warns that the increasing public wage bill would contribute to mounting deficits and financial pressure, barring a big increase in oil prices. To break even, Iraq requires an oil price of $96 bpd, while the price averaged $71.30 bpd in May. The IMF recommends that Iraq implement a significantly tighter fiscal policy to strengthen resilience and reduce the government’s dependence on oil revenues while safeguarding critical social spending needs.

Iraq ignores recommendations to tighten fiscal policy

Despite the IMF’s recommendations, Iraq’s budget adds more than half a million new public sector workers, including contractors, daily employees, and full-time staff. This hiring flies in the face of the recommendations of many observers who say Iraq should tighten fiscal policy. Mohammed Nouri, a member of the Parliament’s finance committee, revealed that more than a million new workers were added, raising the total cost of public wages and pensions to more than $58 billion. Ahmed Tabaqchali, a visiting fellow at the London School of Economics Middle East Center, put the figure of new employees at about 600,000.

Budgets frequently delayed due to instability and political disputes

Iraq’s budgets are supposed to be adopted before the beginning of the year they cover but are frequently delayed or not passed at all due to instability and political disputes. This instability, coupled with Iraq’s increasing dependence on oil revenues, is a recipe for disaster. The country has one of the fastest-growing populations in the world, projected to double from 43 million to about 80 million by 2050. Most of the economy is state-led, with high unemployment and frequent protests over various discontent.

Iraq’s reliance on oil revenue is a risk to its economic independence

Iraq’s increasing dependence on oil revenue is a risk to its economic independence. The budget is based on an oil price of $70 per barrel and projections of oil exports at 3.5 million barrels per day, including 400,000 bpd from the semi-autonomous Kurdistan region. The budget sets the exchange rate for oil revenues in U.S. dollars at 1,300 Iraqi dinars per dollar. It will remain valid through 2025, though it is subject to amendment, including to the oil price it uses given its near-total dependence on oil revenue.

Iraq’s decision to add more public sector workers, coupled with its increasing dependence on oil revenue, is a recipe for disaster. The more the country increases its spending, the more vulnerable it becomes. The budget’s projections of oil exports at 3.5 million barrels per day, including 400,000 bpd from the semi-autonomous Kurdistan region, are not sustainable given Iraq’s near-total dependence on oil revenue.

Kurdistan issue addressed in the budget

The budget takes steps to address long-standing issues between Iraq and the semi-autonomous Kurdistan region, with its oil revenues set to be deposited in an account overseen by the Iraqi central bank.

This move comes after Kurdistan unilaterally exported crude via Türkiye despite Baghdad’s objections. However, the flows have not resumed, and the country is still dependent on oil revenue. Under an agreement signed between Baghdad and Irbil in April, Iraq’s state-run marketing company SOMO will have the authority to market and export crude oil produced from fields controlled by the Kurdish region.

How Could this affect the Iraqi Dinar Exchange Rate Without a GCR?

This hesitancy could lead to a decrease in the demand for the Iraqi dinar, which would result in its value decreasing relative to other currencies. Additionally, if the IMF’s warnings about mounting deficits and financial pressure come to fruition, this could also lead to a decrease in the value of the dinar. Therefore, it is important for Iraq to take steps to address its financial situation and reduce its dependence on oil revenues to maintain the value of its currency on the world exchange rates.

Conclusion

IRAQ IS NOT READY TO FLOAT HER CURRENCY. Hence, any rumors of such an RV without GCR gold and infrastructure are simply wishful thinking.

Iraq must take steps to address its financial situation and reduce its dependence on oil revenues. A significantly tighter fiscal policy is needed to strengthen resilience and reduce the government’s dependence on oil revenues while safeguarding critical social spending needs.

The country’s decision to add more public sector workers, coupled with its increasing dependence on oil revenue, is a recipe for disaster. The IMF has warned that Iraq’s increasing public wage bill would contribute to mounting deficits and financial pressure, barring a big increase in oil prices. Iraq’s budgets are frequently delayed or not passed at all due to instability and political disputes, and the country has one of the fastest-growing populations in the world. Iraq’s reliance on oil revenue is a risk to its economic independence, and it remains to be seen whether the country will take steps to address the situation.

The increasing dependence of Iraq’s economy on oil revenue, coupled with the country’s decision to add more public sector workers, could negatively impact the value of the Iraqi dinar on the world exchange rates. Investors may become hesitant to invest in a country with a growing budget deficit that is heavily reliant on a single commodity.

Ai3d.blog    

https://ai3d.blog/iraqs-dependence-on-oil-revenue/

Awake-In-3D Asian Clearing Union agrees to use Iran’s financial messaging system as SWIFT alternative

Awake-In-3D

Asian Clearing Union agrees to use Iran’s financial messaging system as SWIFT alternative

On June 14, 2023 By Awake-In-3D

The Asian Clearing Union (ACU) has announced that it will replace SWIFT, a dollar-based international system, with Iran’s financial messaging system, SEPAM, as an alternative in trade exchanges between ACU members starting next month.

The move is part of a broader de-dollarization trend that is being driven by growing rebellion against US dollar dominance and the US government’s use of economic warfare to punish countries that resist its agenda.

The adoption of Iran’s SEPAM by the ACU will be an interim measure as the ACU plans to develop its own messaging system over the next few months. The ACU comprises the central banks of India, Pakistan, Iran, Bangladesh, Myanmar, Maldives, Nepal, Sri Lanka, and Bhutan. Belarus and Mauritius applied for ACU membership at the May summit meeting.

Russia and Belarus have been excluded from SWIFT, and they have established their own alternative connection by linking Iran’s SEPAM with the Financial Messaging System of the Bank Of Russia. Russian Deputy Prime Minister Alexander Novak has said that approximately 80% of their mutual settlements are in national currencies: rials and rubles.

The trend of de-dollarization is the inevitable outcome of the US government’s use of economic warfare to punish countries that resist its agenda. The quantity of US sanctions has increased by 933% between 2000 and 2021. Countries are compelled to look for non-dollar trade alternatives to avoid being targeted over some future controversy with Washington.

ACU’s move follows a growing assortment of other de-dollarization initiatives around the world. China and France’s Total trade liquid national gas in yuan, Russia and China use the ruble or yuan for more than 70% of their trade, India and Russia trade oil in rupees, Banco BBM from Brazil has joined China’s SWIFT alternative, and 19 countries are applying to join BRICS.

As the world-changing transition towards de-dollarization continues, the global western financial system hegemony is bleeding from within. In this environment, it is no wonder that the Russia-China strategic partnership exhibits no intention of interrupting the “enemy” when he is so busy defeating themselves.

www.ai3d.blog  

https://ai3d.blog/asian-clearing-union-agrees-to-use-irans-financial-messaging-system-as-swift-alternative/

Awake-In-3D :Understanding SOFR: The New Benchmark for Global Credit Markets

Understanding SOFR: The New Benchmark for Global Credit Markets

On June 13, 2023 By  Awake-In-3D

Is the transition to the SOFR interest rate benchmark going to push the proverbial button on the RV/GCR? It seems that nearly every event in the financial economy these days is labeled as a “the trigger” for Our GCR. This is simply not the case. My regular readers know my position on Our GCR release being the collapse of the current Fiat Currency System. Consequently, I view volatile economic and financial events as falling dominoes in the inevitable fiat debt system implosion. As the financial industry rushes to meet the June 30th (2023) transition deadline from LIBOR to SOFR-based interest rates, it may further increase default risks for banks but it is not a GCR trigger event.

So let’s become factually familiar with SOFR and what may lie ahead for the current financial system landscape.

Introduction

The global credit markets are undergoing a major shift as the industry moves away from the London Interbank Offered Rate (LIBOR), the benchmark for interest rates for decades. The replacement for LIBOR is the Secured Overnight Financing Rate (SOFR), a benchmark that was introduced by the Federal Reserve Bank of New York in 2018.

What is SOFR?

SOFR is an interest rate benchmark that is calculated based on transactions in the U.S. Treasury repurchase market. The rate is derived from the cost of borrowing cash overnight, collateralized by U.S. Treasury securities. It is a risk-free rate that reflects the cost of overnight borrowing in the U.S. Treasury market. SOFR is calculated and published daily by the Federal Reserve Bank of New York, and it is intended to replace LIBOR as the primary benchmark for short-term interest rates.

Why is SOFR Important?

LIBOR has been the primary benchmark for interest rates for decades, but the rate has been plagued with issues. The benchmark has been subject to manipulation, and the market that underpins it has dwindled, making it increasingly difficult to calculate. In addition, the Financial Stability Oversight Council (FSOC) in the United States has raised concerns about the potential systemic risk posed by LIBOR’s discontinuation. These concerns prompted the industry to explore alternative benchmarks, and SOFR emerged as the leading candidate.

SOFR is a more reliable and transparent benchmark than LIBOR. It is based on actual transactions in the U.S. Treasury repo market, which is a much larger and more liquid market than the interbank market that underpins LIBOR. SOFR is also less susceptible to manipulation since it is based on observable market prices rather than estimates submitted by banks. As a result, SOFR is expected to be a more accurate reflection of the underlying cost of borrowing.

The Impact of SOFR on the Global Credit Markets

The transition from LIBOR to SOFR is expected to have a significant impact on the global credit markets. The shift will affect a wide range of financial products, including bonds, loans, and derivatives. The transition is expected to be particularly challenging for legacy contracts that reference LIBOR and do not have fallback provisions. These contracts will need to be amended to include fallback language that specifies an alternative benchmark if LIBOR is discontinued.

The shift to SOFR is also expected to require changes to the infrastructure that supports the credit markets. Market participants will need to modify their systems and processes to accommodate SOFR, and new products and services will need to be developed to support the new benchmark. The industry is already working on developing new products and services that are based on SOFR, including SOFR-based futures and options and SOFR-linked bonds.

The Impact of SOFR on Borrowers and Lenders

The shift to SOFR is expected to have an impact on both borrowers and lenders. Borrowers may see changes in the pricing of their loans, as SOFR is generally expected to be lower than LIBOR. This could result in lower borrowing costs for some borrowers, particularly those with floating rate debt. However, borrowers may also face increased costs associated with amending legacy contracts to include fallback provisions.

Lenders, on the other hand, may see changes in their funding costs. Since SOFR is a risk-free rate, lenders may need to adjust their pricing to reflect the lower risk associated with SOFR-based loans. Lenders may also face increased costs associated with modifying their systems and processes to accommodate SOFR.

The Transition to SOFR

The transition from LIBOR to SOFR is a complicated process that requires significant coordination among market participants. The Alternative Reference Rates Committee (ARRC) in the United States has been leading the effort to transition to SOFR, and it has developed a set of recommended best practices for market participants to follow.

One of the key challenges of the transition is the need to amend legacy contracts that reference LIBOR. The ARRC has recommended that market participants include fallback language in these contracts that specifies an alternative benchmark when LIBOR is discontinued.

Another challenge of the transition is the need to modify the infrastructure that supports the credit markets. Market participants will need to modify their systems and processes to accommodate SOFR, and new products and services will need to be developed to support the new benchmark.

SOFR May Place Increased Stress on Already Stressed Banks

The switch from LIBOR to SOFR as the new benchmark rate has raised concerns about the potential negative impact on bank balance sheets during times of financial stress. The effective demise of the tainted London Interbank Offered Rate (LIBOR) this month and the switch to the risk-free Secured Overnight Funding Rate (SOFR) has renewed concerns about the impact of the new measure on banks.

The transition to SOFR has been well-telegraphed for years and US banks are mostly prepared for the new rate regime. However, LIBOR’s permanent shutdown on June 30 comes on the heels of a destabilizing outflow of deposits at the nation’s mid-tier banks.

While US banks are mostly prepared for the new rate regime, the effective demise of LIBOR and recent outflow of deposits at mid-tier banks has heightened concerns about the transition. One main concern is that SOFR has no credit component and tends to fall during financial crises, which could hurt banks’ balance sheets and constrain lending to the broader economy.

This was highlighted by the New York Fed in a study released in December 2022. “Banks are going to be more exposed with SOFR lines of revolving credit because borrowers, in a crisis, will be able to borrow at a very low rate (when SOFR rates goes down),” said Darrell Duffie, professor of finance at the Stanford Graduate School of Business and a co-author of the New York Fed study. “When corporations borrow under revolving lines of credit at a low rate during a crisis, the banks will have to fund those borrowings at a time when bank funding costs are going way up,” he added.

In 2019, several regional banks sent a letter to US regulators, warning that the transition to SOFR could adversely affect loan extension. The assumption was that if SOFR falls, commercial borrowers would tend to hoard liquidity by drawing on their lines of credit. Revolving lines of credit make up the largest share of bank lending to corporations at 59%, Duffie said.

The New York Fed study concluded that the transition to SOFR may have implications for bank funding costs and balance sheets, especially in times of stress. “While SOFR is a more robust and transparent rate than LIBOR, it may be more sensitive to changes in market conditions,” the report said.

Despite these concerns, some analysts argue that the benefits of switching to SOFR outweigh the risks. SOFR is considered a more reliable benchmark rate than LIBOR, which was tainted by manipulation scandals. The switch to SOFR is also expected to reduce systemic risk in the financial system.

Conclusion

The transition from LIBOR to SOFR has raised concerns about the potential negative impact on bank balance sheets during times of financial stress. While SOFR is a more reliable benchmark rate than LIBOR, it has no credit component and tends to fall during financial crises, which could hurt banks’ balance sheets and constrain lending to the broader economy. However, regulators have been working closely with banks to ensure a smooth transition, and many banks have already started using SOFR in transactions. The benefits of switching to SOFR are, according to the “experts”, expected to outweigh the risks, and the switch is also expected to reduce systemic risk in the financial system … Maybe

https://ai3d.blog/understanding-sofr-the-new-benchmark-for-global-credit-markets/

Awake-In-3D: ISO20022 QFS Explained: It’s a Messaging Standard – Not a Payment System

Awake-In-3D

ISO20022 QFS Explained: It’s a Messaging Standard – Not a Payment System

On June 12, 2023 By Awake-In-3D

There is a lot of talk in GCR Land about ISO20022. Most notably, that this Standard is somehow synonymous with the QFS. But is it? In this article, we will explore the key features of ISO20022, its benefits, and how it is being adopted by the financial industry. We will also answer one of the most common questions about ISO20022: Is it an actual QFS payment system?

The ISO is the International Standards Organization. It is an independent, non-governmental international organization with a membership of 168 national standards bodies. Through its members, it brings together experts to share knowledge and develop voluntary, consensus-based, market relevant International Standards that support innovation and provide solutions to global challenges. One of the more popular standards is ISO9001.

You have probably seen this designation on most manufacturers’ websites and it means that these companies comply with an International Standard for Quality Control in their production operations.

ISO20022 is similar in that it is a Standardized protocol in the financial industry for describing a pending payment transaction between financial institutions such as banks. It’s like the SWIFT Messaging System only it modernizes the overall structure of the transaction’s details not currently possible with SWIFT.

The global financial system is complex and interconnected, with financial institutions using a variety of payment systems and messaging formats to exchange information about transactions. ISO20022 is a messaging protocol that defines a standardized way for financial institutions to communicate about payment transactions. However, it is important to note that ISO20022 is not an actual payment system itself.

In this article, we will explore the key features of ISO20022, its benefits, and how it is being adopted by the financial industry.

The Importance of Standardization in Financial Messaging

Financial messaging is a critical component of the global financial system. Financial institutions must exchange information about transactions in a timely and accurate manner to ensure that payments are processed correctly and efficiently. However, with so many different payment systems and messaging formats in use, it can be challenging to achieve standardization and interoperability between different systems.

This is where ISO20022 comes in. ISO20022 is a messaging protocol that defines a standardized way for financial institutions to communicate about payment transactions. It provides a common language for financial messaging, making it easier for different payment systems and platforms to communicate with each other. This leads to greater efficiency, transparency, and automation in financial services.

What is ISO20022?

ISO20022 is a messaging protocol that defines a standardized way for financial institutions to exchange information about payment transactions. It specifies the format, structure, and content of the messages that are sent between different systems and platforms.

ISO20022 was developed by the International Organization for Standardization (ISO) in collaboration with the financial industry. It is designed to be flexible and adaptable, allowing it to be used across a wide range of financial services and transaction types.

The standard includes a variety of message types that cover different types of financial transactions, such as payments, securities, and foreign exchange. Each message type includes specific fields and data elements that must be included in the message, ensuring that the information is consistent and complete.

ISO20022 is also designed to be extensible, meaning that it can be customized to meet the specific needs of different financial institutions and payment systems. This flexibility allows financial institutions to use ISO20022 messaging while still maintaining their own unique systems and processes.

The Benefits of ISO20022

ISO20022 offers a number of benefits for financial institutions and the wider financial industry. Some of the key benefits include:

Improved Efficiency: By using a common language for financial messaging, financial institutions can communicate more easily and efficiently with each other. This reduces errors and delays in payment processing, leading to faster and more reliable transactions.

Increased Transparency: ISO20022 provides a standardized way to exchange information about payment transactions, making it easier for financial institutions to track and monitor transactions. This leads to greater transparency and visibility into the payment process, reducing the risk of fraud and other types of financial crime.

Greater Automation: ISO20022 supports the use of automation and straight-through processing (STP) in financial services. This means that more of the payment process can be automated, reducing the need for manual intervention and increasing efficiency.

Improved Risk Management: By standardizing the way that financial institutions exchange information about payment transactions, ISO20022 helps to reduce the risk of errors and fraud. This leads to improved risk management and increased confidence in the financial system.

Is ISO20022 an Actual Payment System?

One of the most common misconceptions about ISO20022 is that it is an actual payment system. However, this is not the case. ISO20022 is a messaging protocol that facilitates communication between payment systems, but it is not a payment system itself.

Payment systems are the actual platforms that process and settle payments. Examples of payment systems include SWIFT, SEPA, and Fedwire. ISO20022 can be used alongside these payment systems to facilitate communication and exchange of payment information.

In fact, many payment systems are in the process of adopting the ISO20022 standard for their messaging systems. For example, SWIFT has announced plans to migrate to the ISO20022 standard for its messaging system by 2025. This will allow for greater standardization and interoperability between different payment systems, leading to a more efficient and transparent financial system.

Conclusion: The Future of Financial Messaging

ISO20022 is a critical component of the global financial system, providing a common language for financial messaging that facilitates communication between different payment systems and platforms. While it is not an actual payment system itself, ISO20022 is being adopted by the financial industry at a rapid pace, with many payment systems already implementing the standard.

The benefits of ISO20022 are clear: improved efficiency, increased transparency, greater automation, and improved risk management. As the financial industry continues to evolve and innovate, ISO20022 will play an increasingly important role in facilitating communication and standardization between different systems and platforms.

Overall, ISO20022 is the universal language of financial messaging, helping to ensure that transactions are processed accurately and efficiently, and that the global financial system remains secure and resilient in the face of change.

While ISO20022 is a far more flexible and efficient messaging system than SWIFT, the many claims in GCR Land that “ISO20022 Compliant” financial institutions are somehow connected to the QFS is an optimistic stretch of the imagination. It is certainly not a marker or predictor for timing the release of Our GCR.

Reference Links:

Ai3D GCR Real-Time News

https://www.iso.org/home.html

https://www.iso.org/news/ref2467.html

https://ai3d.blog/iso20022-qfs-explained-its-a-messaging-standard-not-a-payment-system/