Awake-In-3D: Real-World Warning Signs Today of the Fiat Currency Debt System Collapse – Leading to Our RV/GCR

Awake-In-3D:

Real-World Warning Signs Today of the Fiat Currency Debt System Collapse – Leading to Our RV/GCR

On August 9, 2023 By Awake-In-3D

In RV/GCR Articles, Fiat Debt System Collapse Articles

Amid the alarming trends signaling the impending collapse of the global fiat currency debt system, we look forward to a transformative solution that will revolutionize the financial landscape.

My discussions and articles here have defined my viewpoints around “Our GCR” as a beacon of hope in these uncertain times.

This Asset-Backed Global Currency Reset isn’t just a theoretical concept; it’s beginning to unfold before our eyes. As we witness the cracks in the current system deepening, it becomes evident that the collapse of the fiat debt currency system is a necessary step for the RV/GCR to emerge as a fully-fledged alternative monetary and currency system on a global scale.

The pulse of change beats stronger as we look deeper into the possibilities presented by Our GCR.

It’s a vision that not only acknowledges the shortcomings of the status quo but also stands ready to usher in an era of financial resilience and fairness. In my perspective, the RV/GCR isn’t a distant hypothetical – it’s an imminent reality that beckons us to embrace it as the solution that can guide us beyond the impending collapse and into a new era of global economic stability.

There are many signs (too many to list here today) that reveal the imminent collapse of the global fiat currency debt system as undeniable trends signal an economic disaster on the horizon.

From plummeting tax revenues and vanishing trucking demand to escalating job cuts and soaring housing costs, the cracks in the financial framework are impossible to ignore.

Amid this crisis, emerges “Our GCR” – an Asset-Backed Global Currency Reset poised to eradicate former fiat debts and revamp global currencies under a fair and balanced ethos, recognizing all as sovereign individuals.

Real-World Warning Signs Happening Now

The world’s financial landscape is showing alarming signs of distress, indicating that the global fiat currency debt system is teetering on the edge of collapse. This impending disaster is not a mere conspiracy theory; rather, it’s a culmination of real-world trends that are undeniably painting a grim picture.

Below are just a few of these trends shedding light on the impending collapse of the fiat system, leading to an alternative solution in the form of an Asset-Backed Global Currency Reset (Our GCR).

1. Dwindling Tax Revenues and Economic Slowdown:

One of the initial harbingers of the impending collapse is the sharp decline in tax revenues for both federal and state governments. Economic activity slowdown leads to reduced tax collections, weakening the financial foundation. As evidenced by the precipitous decline in state and local income tax revenues, the severity of this trend is rivaled only by the aftermath of the Global Financial Crisis (GFC). These plummeting revenues signify an ailing economy, a clear indicator that the fiat system’s stability is compromised.

2. Plunging Trucking Demand and Freight Volume:

A telltale sign of economic turmoil lies in the trucking industry. When economic activity dwindles, demand for trucking services plummets. The second quarter of 2023 has seen a stark decline in truck freight volume and spending, rivaling the levels observed during the early days of the pandemic. This drop indicates reduced trade and commerce, suggesting that the foundations of the current financial paradigm are faltering.

3. Employment Woes and Shrinking Job Opportunities:

Traditionally considered a beacon of economic health, employment figures have taken a hit. Contrary to expectations, the latest employment report reveals a loss of 585,000 full-time jobs in a single month. This alarming trend underscores the fragility of the current economic environment and the inability to sustain consistent growth.

4. Escalating Job Cuts and Corporate Restructuring:

Amid the economic turmoil, companies across sectors are announcing an alarming number of job cuts. Even companies such as CVS Health are not immune to the economic storm. These developments highlight the ripple effect of economic decline, leading to financial instability at the individual level.

5. Soaring Housing Costs and the Burden on Homebuyers:

Rising interest rates are contributing to a nearly 20 percent surge in monthly costs for new homebuyers compared to the previous year. This surge is straining the housing market, rendering it increasingly unaffordable for average citizens. The ballooning costs are pushing the economy towards a critical inflection point.

6. Commercial Real Estate Mortgage Delinquency Surge:

The surge in delinquency rates for commercial real estate mortgages is indicative of a looming catastrophe in the commercial real estate sector. This unprecedented spike points to an impending crisis, casting a shadow over one of the pillars of the modern economy.

7. Growing Financial Vulnerability and Lack of Emergency Funds:

The increasing percentage of the population unable to cover a $400 emergency expense underlines the financial fragility faced by ordinary citizens. This lack of financial security is a symptom of deeper systemic issues within the fiat currency debt system.

These interconnected trends undeniably point to the fragility of the current global financial framework. The unsustainable nature of the fiat currency debt system is becoming increasingly apparent. To address this imminent crisis, an alternative system must be devised and implemented before the point of no return is reached.

The Alternative: Our GCR – A Sound Monetary Solution:

The looming collapse of the fiat currency debt system calls for a radical alternative that ensures stability, fairness, and prosperity for all. Enter Our GCR – an Asset-Backed Global Currency Reset that wipes out former fiat currency debts and revalues global currencies based on a set of just and balanced financial principles.

Our GCR addresses the core issues plaguing the current system by backing currencies with tangible assets, ensuring their stability and intrinsic value. This eliminates the dependence on debt and restores trust in the monetary system. Moreover, by revaluing global currencies under a fair and balanced framework, Our GCR recognizes all individuals as sovereign entities, ensuring that financial prosperity is not concentrated in the hands of a few.

The writing on the wall is clear: the global fiat currency debt system is careening towards collapse. The signs are present, and the need for an alternative is urgent. Our GCR presents a viable solution that promises stability, fairness, and a fresh start for the world’s financial landscape. It’s time for a paradigm shift that places the well-being of humanity at the forefront and paves the way for a new era of economic prosperity.

Source Links providing factual evidence for the above collapse warning signs:

US state and local governments just experienced the worst decline in income tax revenues ever recorded. This was the second steepest year-over-year percentage decline in history, with only the GFC having a worse outcome. Note that Federal tax receipts are also dropped again,… Show more

• https://www.zerohedge.com/markets/freight-volume-and-spending-declined-markedly-second-quarter

• https://www.zerohedge.com/markets/inside-todays-disastrous-jobs-report-part-time-jobs-soar-1-million-full-timers-crash

• https://www.breitbart.com/economy/2023/08/01/prescription-pink-slips-cvs-health-to-cut-5000-jobs/

• https://www.foxbusiness.com/lifestyle/homebuyers-monthly-costs-rise-20

CRE Gets Messier: Office-CMBS Delinquency Rate Spikes the Fastest Ever. Bank-Held Office Mortgages also Hit

Unlike the defaults during the Financial Crisis, this default cycle is structural, in addition to being financial.

Wolf Street

• https://www.zerohedge.com/markets/freight-volume-and-spending-declined-markedly-second-quarter

• https://www.zerohedge.com/markets/inside-todays-disastrous-jobs-report-part-time-jobs-soar-1-million-full-timers-crash

• https://www.breitbart.com/economy/2023/08/01/prescription-pink-slips-cvs-health-to-cut-5000-jobs/

• https://www.foxbusiness.com/lifestyle/homebuyers-monthly-costs-rise-20

• https://www.zerohedge.com/markets/number-americans-able-afford-400-surprise-bill-slides-era-bidenomics

• https://www.newsnationnow.com/business/wells-fargo-customers-report-missing-deposits-from-bank-accounts/

Contributing Article: http://theeconomiccollapseblog.com/7-trends-which-indicate-that-economic-disaster-is-approaching-very-rapidly/

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/real-world-warning-signs-today-of-the-fiat-currency-debt-system-collapse-leading-to-our-rv-gcr/

Awake-In-3D: The Ultimate Cheat Sheet for Understanding a BRICS Gold-Backed Currency

Awake-In-3D:

The Ultimate Cheat Sheet for Understanding a BRICS Gold-Backed Currency

On August 8, 2023 By Awake-In-3D

In RV/GCR Articles

As anticipation builds for the upcoming BRICS Summit in South Africa this month, the global economic landscape stands on the brink of a potential transformation. Understanding what’s truly happening around the potential for a BRICS gold-backed trading currency is a highly complex and geo-politically charged subject. So I have created the Ultimate Cheat Sheet that gives you everything you need in a convenient list of key information.

The landscape of BRICS Alliance discussions, rumors, and implications presents a complex tapestry that could reshape international finance. The Cheat Sheet below breaks down the intricate details surrounding the prospects of a BRICS gold-backed trade currency and the resurgence of a gold currency standard.

All the information you need is listed under a few key categories.

Hope this helps you prepare for what may be the first, tangible blueprint and fist stage of Our Global Currency Reset (GCR)!

The Big Picture: Navigating Towards a New Financial Paradigm

From Russia’s pivotal role in spearheading an expanded BRICS trade settlement currency to discussions about reviving the gold standard, the stage is set for a paradigm shift in global finance. This ultimate cheat sheet unveils a series of interconnected points that shed light on the intricate journey towards potentially breaking free from the dominance of the US dollar and western fiat currencies. As economists, investors, and policymakers grapple with the intricate web of gold and credit relationships, the groundwork for a new financial landscape is being laid.

1. Russia has confirmed the agenda for an expanded BRICS trade settlement currency at the Johannesburg summit.

2. The return of gold standards is being discussed as a possibility if a new gold-backed trade settlement currency emerges.

3. The currency board model is considered as a potential template for implementing gold standards.

4. Gold reserves must cover the bank note issue, and both Russia and China are assessed to have ample cover to implement gold standards.

5. The opportunity for other allied nations to implement currency boards with the renminbi is mentioned.

6. There is a deficit of above ground gold stocks in the western alliance and nations due to vast quantities of bullion migrating from the west to the east.

7. There are indications that a new gold-linked trade settlement currency will be proposed at the BRICS summit in Johannesburg.

8. The specific details of the proposal, including its form and implementation, are yet to be revealed.

9. Russia is leading the project, and it is speculated that Sergei Glazyev’s work may be incorporated.

10. The global confidence in throwing off the dominance of the US dollar and western fiat currencies is growing.

11. Economists and investors in the western alliance will need to understand the relationship between gold and credit in a gold standard system.

12. Social legislation and regulations may need to be rescinded, and responsibility for individual actions handed back to them.

13. Russia, China, and other countries have a stronger position to operate currency boards tied directly or indirectly to gold.

14. A currency board is a system that fixed the exchange rate to an anchor currency and guarantees convertibility.

15. A currency board requires sufficient foreign exchange reserves to cover the entire narrow money supply and provides confidence to holders of the currency.

16. The role of the monetary authority is limited to controlling currency issuance and should be separate from government funding and banking supervision.

17. The classic gold standard and currency board systems share the separation of currency issuing from banking responsibilities.

18. In the classic gold standard, gold backing for the currency does not need to be 100%. Sir Isaac Newton proposed a minimum 40% formula.

19. The 1844 Bank Charter Act required the Bank of England to back every additional bank note in circulation with gold.

20. Critics argue that currency boards and gold standards are too inflexible, but this characteristic is intentional.

21. Governments without welfare commitments can more easily avoid budget deficits under these systems.

22. Weaknesses in emerging economies’ currencies are often attributed to mismanagement, lack of international credibility, and misguided monetary policies.

23. African nations faced challenges in undoing progress made under colonial rule and exploring self-determination, often experiencing corruption and mismanagement.

24. China now offers investment in African infrastructure through local partnerships, providing an alternative to foreign aid and potential economic growth.

Breaking Down the Gold-Backed Trade Currency: Unveiling the What, How, and Why

The cornerstone of this potential transformation lies in the establishment of a gold-backed trade settlement currency within the BRICS framework. As Russia’s agenda gains momentum, supported by key players like Saudi Arabia and Iran, the implications for energy and commodity exporters become increasingly pronounced. Unraveling the intricacies of this process, we delve into the motivations, sequential steps, and the potential consequences that could ripple through global markets.

1. BRICS+ aims to establish a new industrial revolution for emerging nations, with credible gold standards as the foundation.

2. A gold-backed trade settlement currency provides an alternative payment medium to the dollar, particularly appealing to energy and commodity exporters.

3. Russia, supported by countries like Saudi Arabia and Iran, is motivated to devise and back a gold-backed trade settlement currency.

4. The next step involves major currencies within the BRICS block transitioning to gold standards, starting with Russia and then China.

5. The introduction of a gold-backed trade currency is expected to undermine the purchasing power of the dollar, leading to higher oil and gas prices.

6. Rising oil prices will benefit Russia’s finances, and a gold standard would provide protection for the rouble, leading to stable interest rates.

7. Sergei Glazyev and President Putin have expressed the objective of implementing a gold standard for the rouble.

8. As the dollar weakens, both the rouble and renminbi are likely to seek protection through gold to mitigate potential consequences.

Breaking Down Russia’s Gold Position: A Pillar of Strength

Russia emerges as a central figure with an impressive gold position, a potential linchpin for driving this transformation. With substantial gold reserves and the capacity to exert foreign financial policies, Russia’s journey towards a gold standard gathers significance. By exploring Russia’s gold reserves, both official and unofficial, this section underlines the strategic depth of its position and how it could influence the trajectory of global finance.

1. Russia officially holds 2,302 tonnes of monetary gold reserves, but there are additional unknown quantities held in the State Fund of Russia and the State Fund for Precious Metals.

2. Unofficial estimates suggest that these additional funds may contain around 10,000 tonnes of gold, potentially bringing Russia’s total state holdings to over 12,000 tonnes.

3. This amount of gold gives Russia the ability to pursue foreign financial policies and reduce dependence on external lenders, enhancing its reputation, credit rating, and investment attractiveness.

4. Sergei Glazyev, who shares similar views to President Putin, has emphasized the importance of large gold reserves for Russia.

5. Glazyev is also involved in discussions about replacing the US dollar for trade and commodity pricing in the Eurasian Economic Union, where gold is seen as a potential backing for trade settlements.

6. Russia has a significant gold mine output of 325 tonnes, which is planned to be increased and was second only to China’s output of 375 tonnes.

7. If Russia can monetize just 10,000 tonnes of its gold, it would provide four times cover for the monetary base (M0) and an additional 11% cover annually from mine output.

8. Moving the rouble onto a gold standard would be beneficial for Russia, as it could be easily maintained by refocusing policy to exercise greater control over the monetary base.

9. In the year to May, the monetary base was destructively inflated by 24%, highlighting the need for better control.

Breaking Down China’s Gold Position: The Dragon’s Hidden Arsenal

China’s carefully orchestrated accumulation of gold over decades sets the stage for a powerful influence on the unfolding narrative. Under the strategic stewardship of the People’s Bank of China, the nation’s gold reserves take on multifaceted roles. This section unravels China’s gold regulations, its production dominance, and the nuanced strategy behind its gold accumulation, all of which contribute to its substantial financial leverage.

1. China implemented regulations in June 1983 to strengthen control over gold and silver, guarantee the state’s requirements, and combat smuggling, speculation, and profiteering.

2. The People’s Bank of China (PBoC) is responsible for the control of gold and silver in China. It can allocate gold purchases to other state entities like the People’s Liberation Army and the Communist Party Youth Wing, retaining a small balance for reserve asset purposes.

3. China has become the largest gold producer in the world, mining 6,869 tonnes since 2002, and processing this gold through state-owned refineries.

4. The regulations establish the state’s monopoly over gold and silver, allowing for free importation but tightly controlling exports.

5. The PBoC established the Shanghai Gold Exchange in 2002, under its control, to permit the public to acquire gold while maintaining state control over the commodities.

6. China had been accumulating gold for nineteen years before allowing private ownership in 2002. It is estimated that the PBoC quietly accumulated as much as 25,000 tonnes during this period.

7. The cost of China’s gold accumulation equates to roughly 10% of her exports over the period.

8. The exact amount of China’s gold accumulation is speculative, but it is clear that a significant undeclared stockpile was deliberately accumulated by 2002 and allocated to various state entities.

9. Deliveries of gold to the public since 2002, through the Shanghai Gold Exchange, have totaled over 22,000 tonnes, gross of returned scrap.

10. Assuming China’s monetary authorities have 25,000 tonnes of gold available for monetization, it would cover the M0 money supply about 1.5 times at current gold prices.

The Combined Influence of Russia and China on a BRICS Gold Standard: A New Global Landscape

The intertwining journeys of Russia and China converge to establish a potent potential for a BRICS gold standard. The sheer weight of their combined efforts raises questions about the fate of the US dollar, the viability of existing fiat currency systems, and the prospects of a tectonic shift in international finance. Delving into the broader implications, this section examines the dynamics that could catalyze or hinder the realization of a new gold-backed financial order.

1. China and Russia are moving towards protecting their currencies and their joint project for global industrialization of emerging economies by potentially adopting gold standards.

2. China has been secretly accumulating gold bullion since 1983, and if the People’s Bank of China (PBoC) had accumulated 20,000-25,000 tonnes by 2002, the total could exceed 30,000 tonnes today.

3. Russia accelerated its plans to acquire monetary gold following Western sanctions.

4. Both China and Russia appear to be in a position to comfortably cover their narrow money supply measures, particularly bank notes issued by the monetary authority.

5. Asian central banks are also reporting the accumulation of higher gold reserves, indicating a wider adoption of gold standards.

6. The adoption of gold standards by China and Russia would lead to an accelerated destruction of the US dollar’s purchasing power, which is already on a path of decreasing value due to its debt trap.

7. However, China’s economic objectives, particularly the protection of her export markets, may make gold standards unlikely as it would undermine major fiat currencies.

8. Janet Yellen’s recent meetings in Beijing and Henry Kissinger’s subsequent visit were likely attempts to address the potential threat of a new gold-backed trade settlement currency on the dollar’s standing.

9. China’s focus is increasingly on protecting her investments in Asia, Africa, and Latin America, as rising dollar interest rates can be damaging to emerging nations, which may encourage them to seek protection by joining BRICS.

Summing It All Up as We Await the Forthcoming BRICS Summit: A Glimpse into the Future

As the world’s attention turns to the impending BRICS Summit in South Africa, this guide offers a panoramic view of the multifaceted forces at play. From the fading dominance of the dollar to the potential collapse of the fiat currency system, the intricacies of global finance are dissected, providing a lens through which to understand the converging currents of change. With Russia and China at the helm of a potential transformation, this ultimate cheat sheet illuminates the journey towards a new economic era, poised on the edge of redefining the world’s financial order.

1. The Russian and Chinese axis sees clear advantages in supporting a new trade settlement and commodity purchasing gold-backed currency, and the introduction of such a currency could happen rapidly, taking the world by surprise.

2. The fiat currency regime based on the dollar is believed to have run its course, leaving multiple debt traps and an outlook of stagflation or worse within the western alliance.

3. The world’s fiat currency regime is facing existential crises, including government debt traps, a turning credit cycle, and the inability of major central banks to rescue failing commercial banks.

4. The collapse of the bullion trading system, which revolves around swaps, leases, and rehypothecations of bullion, could add to the problems and be triggered by the end of the fiat currency system.

5. China and Russia have prepared for this moment, with sufficient bullion available to cover their narrow money supply and protect their currencies from a fiat currency crisis.

6. Other nations may find it more difficult to move towards gold backing of their currencies due to a shortage of monetary gold caused by double counting of reserves through leasing and swaps.

7. Many BRICS attendees at the Johannesburg meeting may need to rely on China’s yuan through a currency board relationship if they want to pursue gold backing for their currencies.

8. The rest of the world faces the prospect of being trapped in a widespread fiat currency collapse with no visible escape.

Contributing Source Article: https://www.goldmoney.com/research/gold-is-replacing-the-dollar

OTHER ARTICLES YOU MIGHT LIKE:

• Clarifying the Basel III Accords – History, Key Banking Changes, and Impact on Physical Gold

• Europe’s Gold Agreement and Plans for a Gold Standard Currency (Part 1)

• GCR Fast Lane: A Likely Merger Between BRICS and The SCO

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-ultimate-cheat-sheet-for-understanding-a-brics-gold-backed-currency/

Awake-In-3D: NESARA and WorldCoin Promise Universal Basic Income – What You Need to Know

Awake-In-3D:

NESARA and WorldCoin Promise Universal Basic Income – What You Need to Know

On August 6, 2023 By Awake-In-3D

In CBDCs and Digital Finance, RV/GCR Articles

One of the widely stated core tenants of NESARA (or GESARA) has been Universal Basic Income (UBI). Regardless of your thoughts or opinions on NESARA/GESARA, which quickly morphed into an economic “toolbox” fixing every problem known to humanity, we are now presented with the Worldcoin Project promising to deliver UBI to everyone on the planet.

I suppose if one believes that XRP/XLM/Stellar is the QFS network, it would not be a far stretch to believe that billionaire Sam Altman’s WorldCoin Project is a part of NESARA. Altman is a celebrity Silicon Valley entrepreneur and notably known today as the Co-Founder and CEO of the OpenAi Project (ChatGPT, etc.).

I will leave ultimate discernment up to you, but here’s my take on what doesn’t smell right about Sam’s most recent project called WorldCoin.

The Dangers of Worldcoin – A likely Bad Guy Global Tracking System

Worldcoin, a project claiming to provide a solution for proof of personhood for every human on the planet, presents several concerning dangers.

The “All-Seeing Orb” and Biometric Data Collection

Worldcoin utilizes a device called the Orb, which employs infrared cameras, sensors, and AI-powered neural networks to scan people’s irises and verify their humanity. These Orbs are being installed in cities worldwide, with individuals offered $30 to participate and provide their irises to the All-Seeing Orb. So far, over two million people in 30 countries across five continents have participated.

The Promise of Cataloging for Future Opportunities

The proponents of Worldcoin argue that cataloging every real human on the planet is crucial to ensure that no one is left behind in the forthcoming era of advanced general intelligence (AGI) when AI surpasses human intelligence. They claim that by registering everyone, prosperity and opportunities can be equally distributed.

Problems with AGI and Habsburg AI

However, there are significant issues with AGI. When AI is trained on synthetic data rather than “pure human data,” it can become what researchers refer to as “Habsburg AI.” This term describes a system heavily trained on the outputs of other generative AIs, resulting in an inbred mutant with exaggerated and grotesque features. This raises concerns about the reliability and trustworthiness of AGI systems developed through such methods.

Woldcoin Goes Beyond Global Identification – It Promises Universal Basic Income as Bait

Worldcoin’s promoters make grand promises of massive wealth and universal basic income (UBI) for all. They claim that distributing wealth equally among every human on the planet is a noble goal. However, it is essential to question the true intentions behind these promises.

The Temptation of UBI and Material Abundance

The offer of UBI and the vision of a materially abundant world through Worldcoin may appear enticing at first glance. But it is crucial to consider the motivations behind such proposals. History has shown that once individuals acquire power, they often seek to consolidate and expand it rather than genuinely sharing it.

How Would Worldcoin Provide Global UBI?

Worldcoin proposes to provide universal basic income (UBI) through its cryptocurrency called Worldcoin (WLD). While the exact mechanism and funding details are not explicitly outlined in the provided information, the general idea is that the wealth generated through the Worldcoin network will be distributed equitably among all humans as UBI.

It is likely that the funds for UBI distribution would come from various sources within the Worldcoin ecosystem. One possibility is that Worldcoin’s creators intend to allocate a portion of the newly created cryptocurrency tokens to fund the UBI program. This would involve generating a fixed supply of Worldcoin tokens and distributing them regularly to eligible individuals as a form of UBI.

Another potential source of funding could be transaction fees or revenue generated through the Worldcoin network. If the network facilitates various financial activities, such as transactions, investments, or decentralized applications, a portion of the fees or revenue generated from these activities could be allocated to support the UBI program.

However, without further specific details about the financial model and implementation plan of Worldcoin, it is challenging to provide precise information on how the funds for UBI distribution will be obtained. It would require a more comprehensive understanding of the project’s underlying mechanisms and economic structure.

Conclusion

Worldcoin raises concerns regarding the collection and usage of biometric data, the pitfalls of AGI, the true motivations behind promises of wealth and UBI, and the potential erosion of privacy. It is crucial to approach initiatives like Worldcoin with caution, considering the risks and implications they pose to individuals and society as a whole.

• Contributing article: https://off-guardian.org/2023/08/05/worldcoin-ai-requires-proof-that-you-are-human/

• Learn more about NESARA here

RELATED Ai3D POST:

Worldcoin’s Global Blockchain ID – A Gateway to Government Control and Financial Manipulation?

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/nesara-and-worldcoin-promise-universal-basic-income-what-you-need-to-know/

Awake-In-3D: The Truth – Massive Quantity of Vatican Gold Taken to USA Requiring 650 Plane Loads!

Awake-In-3D:

The Truth – Massive Quantity of Vatican Gold Taken to USA Requiring 650 Plane Loads!

On August 4, 2023 By Awake-In-3D

In RV/GCR Articles

The claims of massive gold removal from the Vatican and its transportation to the United States have been circulating on various conspiracy theory and RV/GCR (Revaluation/Golden Currency Reset) rumor mill sites for quite some time. As evidenced by the chronological report and web links provided, these reports date back to September 2020 and have resurfaced on multiple occasions since then. It is important to note that the sources reporting these events are often known for spreading speculative and unverified information, making it crucial to exercise critical thinking and scrutinize such claims carefully.

The reported events include allegations of an international military force repatriating an unprecedented 650 plane loads of gold and cash from the Vatican to the US Treasury. Additionally, there have been claims of the closure of thousands of Vatican bank accounts associated with illegal activities and the arrest of high-profile individuals, including the Pope. Furthermore, the mentioned amounts of gold, ranging from $34 quintillion to “more gold than you can imagine,” raise eyebrows and warrant skepticism.

While these reports may capture the attention of certain audiences, it is vital to rely on credible and authoritative sources to verify such extraordinary claims. Major media outlets have not reported on these events, and reputable experts in the field have dismissed the claims as unrealistic and unsupported by evidence.

In the chronological list below, I outline the origin and proliferation of these claims, examining the key dates and web links that trace their circulation back to 2020.

By critically analyzing the information and its sources, we can better understand the nature of these reports and discern the likelihood of their veracity. As we delve into the details, it becomes evident that the current reports of gold being removed from the Vatican and transported to the United States are highly likely to be false claims perpetuated by dubious sources.

Chronological Report on 650 Plane Loads of Vatican Gold Seizure between 2020 and 2021

1. Date: September 24, 2020

   Article: “Vatican Pedophile Network Closed as Gold Repatriated to US Treasury”

   Author: Judy Byington

   Link: https://beforeitsnews.com/politics/2020/09/vatican-pedophile-network-closed-as-gold-repatriated-to-us-treasury-3213118.html

   Summary: An international military force reportedly repatriated 650 plane loads of gold and cash from the Vatican to the US Treasury. Charlie Ward, Ph.D., claimed his team secured the gold and valuables and also stated that 13 demon-bloodline families, Mafia heads, the Pope, and 350 personnel in the Vatican were arrested. This action led to the closure of over 6,000 Vatican bank accounts used for illegal activities.

2. Date: October 22, 2020

Location: Vatican City to Jerusalem (tunnel)

Associated Authors : Marilyn Williams, Charlie Ward, Mark Taylor (author of a prophetic word)

Web Link:  https://marilynjwilliams.com/more-gold-than-you-can-imagine-found-in-the-tunnel/

Summary: A tunnel between Vatican City and Jerusalem was discovered containing gold. The amount of gold found is “more gold than you can imagine” stacked 13 levels high for the first 150 miles (241 kilometers) of the tunnel and “650 planes used to transport the gold”.

3. Date: July 15, 2021

   Article: “Was $34 Quintillion In Gold Seized From The Vatican?”

   Author: Ryan King

   Link: https://checkyourfact.com/2021/07/15/fact-check-34-quintillion-gold-seized-vatican/

   Summary: A Facebook post claimed that $34 quintillion in gold was seized from the Vatican and would be distributed globally. However, Fr. Roger Landry, an attaché to the Permanent Observer Mission of the Holy See to the United Nations, debunked the claim as false, stating that such an amount of gold is unrealistic and non-existent.

4. Date: February 1, 2021

   BlogTalk Radio Broadcast: Jim Willie – “Many Plane Loads of Gold Have Been Removed From the Vatican”

   Author: Jim Willie

   Link: https://www.blogtalkradio.com/ohioexopolitics/2021/02/01/jim-willie–many-plane-loads-of-gold-have-been-removed-from-the-vatican

   Summary: Jim Willie reported on BlogTalk Radio that many plane loads of gold had been removed from the Vatican. However, no specific details about the amount of gold or the circumstances of its removal were provided in the information available.

Please note that the information presented in these reports should be evaluated critically, as some of the claims may lack reliable sources or be speculative in nature. Always verify information from multiple credible sources before accepting it as factual.

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-truth-massive-quantity-of-vatican-gold-taken-to-usa-requiring-650-plane-loads/

Awake-In-3D: A Tale of Two Financial Doom Loops – Japan Leads and the USA Follows

Awake-In-3D:

A Tale of Two Financial Doom Loops – Japan Leads and the USA Follows

On August 3, 2023 By Awake-In-3D

In RV/GCR Articles, Fiat Debt System Collapse Articles

In an era of mounting financial challenges and escalating risks to global economies, the need for a stable and sustainable monetary system becomes increasingly evident. When we closely examine the economic landscapes of both the USA and Japan, the pressing need for a transformative approach becomes apparent.

Spiraling debt levels, surging inflation, and the vulnerability of fiat currencies call for a viable alternative – Our Gold-backed RV/GCR.

The intrinsic value and trust of gold, its protection against inflation, the fiscal discipline it instills, and its potential for crisis resilience and global cooperation, are the compelling reasons behind embracing a gold-backed currency.

Such a monetary system holds the key to charting a path towards economic stability, prosperity, and resilience in the face of uncertainties, safeguarding the well-being of our economies and citizens alike.

The USA is Following in Japan’s Financial Footsteps – Off the Fiat Debt Cliff

The world is witnessing two economic powerhouses, Japan and the United States, grappling with unprecedented financial challenges. As Japan’s latest attempts to escape financial collapse come into focus, it becomes clear that the USA is not immune to the dangers of its own burgeoning debt system.

By examining Japan’s journey and its striking similarities to the USA’s current situation, we can argue that both nations are facing an unavoidable crash in the global fiat currency debt system.

1. Soaring Debt Levels

Japan has long been grappling with an astronomical national debt, amounting to approximately 265% of its GDP. Years of deficit spending, combined with an aging population and slow economic growth, have contributed to this precarious situation.

The United States is not far behind Japan, with its debt-to-GDP ratio surpassing 130%. Spiraling fiscal deficits, driven by increased government spending and reduced tax revenues, have placed the nation on a dangerous trajectory.

Comparative Insight: Both countries share an alarming reliance on debt financing, leading to unsustainable debt levels. The inability to effectively tackle these mounting obligations poses a significant threat to their respective economies.

2. Central Bank Intervention

In response to its prolonged economic stagnation, Japan’s central bank, the Bank of Japan (BOJ), implemented aggressive monetary policies, including Quantitative and Qualitative Monetary Easing (QQE) and Negative Interest Rate Policy (NIRP). These measures aimed to stimulate inflation and boost economic growth.

The USA’s Federal Reserve has similarly adopted unconventional monetary policies, such as Quantitative Easing (QE), to address economic challenges in the aftermath of the 2008 financial crisis. The Fed’s intervention has led to a ballooning balance sheet and artificially low interest rates.

Comparative Insight: While central bank intervention provided temporary relief, it has also created new risks and vulnerabilities. In both cases, the measures failed to generate robust and sustainable economic growth, raising concerns about the effectiveness of such strategies in the long term.

3. Persistent Deflation and Inflation Concerns

Despite aggressive monetary measures, Japan has struggled to break free from deflationary pressures that have plagued its economy for decades. Persistent deflation undermines consumer spending and business investment, further exacerbating economic challenges.

The USA faces an opposite concern, battling rising inflation rates that erode purchasing power and reduce the real value of debt. Soaring inflation is triggered by excessive government spending, supply chain disruptions, and other economic factors.

Comparative Insight: Japan’s inability to escape deflation and the USA’s struggles with surging inflation demonstrate the built-in financial doom loop of fiat currency systems. Both scenarios illustrate the unintended consequences of policy interventions and the challenges in achieving sustainable price stability.

4. Economic Growth and Structural Reforms

Japan has struggled to achieve sustained economic growth, partially due to its aging population and lack of structural reforms. These challenges have hindered productivity and innovation, hampering the country’s overall economic performance.

The USA’s economic growth, while relatively stronger than Japan’s, is also marred by structural issues. Disparities in income distribution, lack of investment in critical sectors, and a dependence on consumer spending raise concerns about the nation’s long-term economic viability.

Comparative Insight: Both Japan and the USA need to address underlying structural issues to foster sustainable economic growth. Failure to implement comprehensive reforms could lead to prolonged stagnation and hinder efforts to escape the debt trap.

Japan’s ongoing struggles with a debt-ridden economy serve as a stark warning to the United States and the global community. As the USA finds itself on a parallel path of soaring debt levels, central bank intervention, and economic challenges, the risk of a looming financial collapse cannot be ignored. The similarities between Japan’s past and the USA’s current financial situation highlight the pressing need for decisive actions and comprehensive reforms to avert an impending crash of the global fiat currency debt system.

The Gold-Backed Solution: Charting a Path for Economic Stability in the USA and Japan

As we closely examine the financial challenges faced by both the USA and Japan, the urgent need for a stable and reliable monetary system becomes apparent. In light of the looming risks associated with fiat currencies, I wholeheartedly advocate for a gold-backed financial system as the only viable alternative to avert an impending financial catastrophe in both nations.

A gold-backed financial system presents a compelling solution to the risks of fiat currencies, inflation, and unsustainable debt levels. By restoring trust, protecting against inflation, promoting fiscal discipline, and fostering global cooperation, a gold-backed currency can chart a path towards stability, prosperity, and financial security for both nations.

Related Articles:

• https://ai3d.blog/japans-catastrophic-debt-and-the-inevitable-collapse-of-the-yen-fiat-currency/

• https://ai3d.blog/bank-of-japans-recent-tweak-has-gone-horribly-wrong/

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/a-tale-of-two-financial-doom-loops-japan-leads-and-the-usa-follows/

Awake-In-3D: Zimbabwe’s Golden History, BRICS, and A New Gold-Backed Currency

Awake-In-3D:

Zimbabwe’s Golden History, BRICS, and A New Gold-Backed Currency

On July 30, 2023 By Awake-In-3D

In RV/GCR Articles

As Zimbabwe’s rich history intertwines with tales of gold and grandeur, the nation emerges as a potential game-changer within the BRICS Alliance. From ancient times, Zimbabwe’s name has been etched in stone, resonating with mythical connections to King Solomon and boasting a storied past of a thriving gold trade.

Today, as the global economic landscape evolves, Zimbabwe’s vast gold reserves hold the promise of shaping the future of the BRICS group.

In this article, I outline Zimbabwe’s golden legacy, exploring its historical ties to the precious metal and the possibilities that lie ahead for the nation’s potential entry into the BRICS Alliance.

You will learn the tale of Zimbabwe’s golden past and its potential significance in reshaping the dynamics of international economics in the not-too-distant future.

The Golden History of Zimbabwe

Zimbabwe and King Salomon

There is no credible historical evidence to support a direct connection between the region known as Zimbabwe today and King Solomon of Israelite history. The association between King Solomon and Zimbabwe is primarily based on folklore, myths, and unsupported claims rather than any well-researched facts I could find.

The notion of a connection between King Solomon and Zimbabwe gained popularity in the late 19th century when European explorers and adventurers speculated on the origins of the Great Zimbabwe ruins. Some early European colonizers, influenced by biblical narratives, hypothesized that the structures at Great Zimbabwe were built by the biblical figure of King Solomon or by the Queen of Sheba, who is said to have visited King Solomon.

However, archaeological and historical research has since disproven these claims. The Great Zimbabwe ruins were, in fact, constructed by the indigenous Shona people, who inhabited the region during the medieval period, dating back to the 11th century AD. The city served as the capital of the Mutapa Empire, a powerful trading kingdom with a rich cultural heritage and no direct connection to King Solomon.

Meaning of the Word “Zimbabwe”

The word “Zimbabwe” is believed to have originated from the Shona language, one of the major languages spoken in the region. It is a combination of two Shona words: “zimba,” which means “house” or “venerated house,” and “mabwe,” which translates to “stone.” When combined, “Zimbabwe” roughly translates to “venerated houses of stone” or “house of stone,” referencing the impressive stone structures of the ancient city of Great Zimbabwe, which was once the capital of the Mutapa Empire and is now a UNESCO World Heritage Site.

The Stone Symbols on Zimbabwe’s Monetary Notes

The Zimbabwean currency featured stones on its banknotes as a symbolic representation of the iconic Great Zimbabwe ruins, which are ancient stone structures located in the country. Great Zimbabwe was the capital of the Mutapa Empire and is a significant historical and cultural site in Zimbabwe’s history.

The use of these stone structures on the currency was meant to celebrate and showcase the country’s rich heritage and historical legacy. The ruins of Great Zimbabwe are an important national symbol, and their inclusion on the banknotes aimed to evoke a sense of national pride and identity.

History of Great Zimbabwe’s Gold Trade

Around the 11th century AD, the rise of the Mutapa Empire marked the beginning of Great Zimbabwe’s significance in the gold trade. The region’s abundant gold reserves made it a coveted destination for traders from far-flung lands.

The Mwanamutapa, the empire’s rulers, recognized the value of this precious metal and established a thriving gold trade network that extended to distant markets such as Egypt,  Persia and China. Great Zimbabwe’s strategic location, nestled between the Zambezi River and the Indian Ocean, facilitated these lucrative trade connections.

The wealth derived from gold trade enabled Great Zimbabwe to flourish both economically and culturally. The empire’s capital, known for its monumental stone structures, became a symbol of power and prosperity including the hilltop acropolis at Great Zimbabwe, serving as both a fortress and a shrine.

The Portuguese Invade and Conquer

In the early 16th century, the Portuguese arrived on the shores of Africa with their sights set on controlling the lucrative gold trade. As they established posts inland along the Zambezi River, their presence posed a threat to the Mwanamutapa’s authority over the gold-rich region. They coveted the wealth of Great Zimbabwe and sought to exploit it for their own gains.

By the mid-17th century, the Portuguese managed to gain control of the Mwanamutapa Empire, significantly altering the dynamics of the gold trade in the region. The empire’s once-flourishing gold market suffered a severe blow as Portuguese monopolistic policies and violent conduct disrupted trade routes and caused the flight of populations to safer regions.

The Portuguese rule over Great Zimbabwe and its gold reserves had far-reaching consequences. The once-prosperous empire faced diminishing returns as gold intended for the Crown was diverted into private hands. The local dynastic rulers who had once thrived on the gold trade were now weakened, and rivalry and conflicts undermined their command in the interior.

The Portuguese influence on the region’s gold trade was marked by economic exploitation and cultural disruption. Their presence led to the decline of traditional trading emporiums, such as Kilwa, and the destruction of Arab-Swahili trading fleets. This caused a collapse in the maritime trade, leaving the once-thriving gold market in disarray.

Zimbabwe’s Legacy and Rediscovery

Despite the decline of Great Zimbabwe’s gold trade, the legacy of its golden past endured. Tales of hidden mines, buried treasures, and lost cities spread far and wide, capturing the imaginations of adventurers and archaeologists alike. The intriguing ruins of Great Zimbabwe itself became a testament to the ancient empire’s golden age, beckoning explorers to uncover its mysteries.

The tale of Great Zimbabwe’s gold continues to captivate the world, offering a window into the complexities of history, trade, and power in the heart of Africa.

Speculating on Zimbabwe’s Entry into the BRICS Alliance

The possibility of Zimbabwe joining the BRICS alliance has captured the imagination of the global financial community. With its rich and illustrious history of gold, Zimbabwe stands poised to become a pivotal player in shaping the future of the BRICS Alliance.

A Golden Opportunity: Strengthening BRICS’ Economic Sovereignty

Zimbabwe’s inclusion in the BRICS alliance would bring a unique advantage – its vast gold reserves. As the group seeks to create a new gold-backed trading currency, Zimbabwe’s wealth of knowledge and experience in handling precious metals could be instrumental.

Gold, a tangible and stable asset, could serve as a foundation to bolster economic sovereignty within BRICS nations. This move aligns with the alliance’s vision of reducing dependence on the US Dollar-dominated fiat currency system.

Forging a Path to Resilience: A Gold-Backed Trading Ecosystem

By embracing Zimbabwe’s golden legacy, the BRICS alliance could forge a path to resilience and economic stability. A gold-backed trading currency offers a hedge against inflation and financial crises, providing participating nations with a robust financial infrastructure. It could pave the way for fairer trade practices and alleviate the risks associated with currency manipulation, promoting equitable growth for emerging economies within the alliance.

Global Impact: Shifting the Paradigm of International Economics

Zimbabwe’s potential entry into the BRICS alliance could have far-reaching global ramifications. Market dynamics might experience a transformative shift, with BRICS gaining prominence as a viable alternative to traditional fiat currencies. As the world watches this development closely, countries seeking a more reliable and equitable trading platform may flock towards the BRICS group, bolstering the alliance’s influence on the international stage.

While Zimbabwe’s golden potential is alluring, challenges may arise during the implementation of a gold-backed trading currency. Collaborative integration among BRICS members will be crucial to ensure a seamless monetary system. Addressing issues such as gold reserves verification, technological infrastructure, and regulatory frameworks will necessitate extensive cooperation among participating nations.

What It All Means

As speculation mounts over Zimbabwe’s potential entry into the BRICS alliance, the nation’s golden legacy and vast reserves offer a compelling case for its inclusion. Embracing its historical ties to gold, Zimbabwe could play a pivotal role in the alliance’s journey towards economic sovereignty and a more resilient trading ecosystem.

A golden dawn could be on the horizon, where Zimbabwe and BRICS stand united in shaping the future of global finance, leaving a lasting legacy that echoes through the annals of history.

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/zimbabwes-golden-history-brics-and-a-new-gold-backed-currency/

Awake-In-3D: China, Shanghai and Gold Manipulation – A BRICS Currency Strategy?

Awake-In-3D:

China, Shanghai and Gold Manipulation – A BRICS Currency Strategy?

On July 28, 2023 By Awake-In-3D

In RV/GCR Articles, Fiat Debt System Collapse Articles

A mesmerizing tale of gold, intrigue, and hidden agendas. Step into the heart of Shanghai’s gold market, where the People’s Bank of China and the BRICS Alliance meticulously weave a grand strategy to challenge the prevailing fiat dollar currency system.

As the enigmatic plot unfolds, witness the cunning manipulation of gold prices, the artful accumulation of reserves, and the creation of a powerful gold benchmark. In this captivating saga, discover the secret mission to revolutionize the global financial landscape with a gold-backed currency, leaving the world wondering if a new era of monetary dominance is about to dawn.

 Prepare to be enchanted by the twists and turns of this spellbinding story—a story that could reshape the future of currencies and economies.

Once upon a time…

…in the heart of the bustling city of Shanghai, an enigmatic plot was unfolding behind the walls of the Shanghai Gold Exchange (SGE). Little did the world know that within this complex web of gold trading, a grand strategy was being orchestrated by the People’s Bank of China (PBoC) and the BRICS Alliance.

It all began with a deep appreciation for the timeless allure of gold—a precious metal coveted for its intrinsic value and potential to anchor a stable currency. China and the BRICS nations understood the power of gold and embarked on a secret mission to accumulate vast reserves.

Through the PBoC’s cunning interference in the SGE, the prices of gold on this exchange were artfully manipulated. Distortions between Shanghai and London gold prices created an illusion of robust domestic demand, projecting China’s economic strength to the world. But behind the scenes, China and its BRICS partners were seizing the opportunity to acquire more gold at favorable prices, steadily bolstering their reserves.

As the plan evolved, a carefully crafted benchmark emerged—the Shanghai Gold Benchmark Price (SHAU). This audacious move aimed to challenge the established LBMA Gold Price in London. China was setting the stage for a gold-backed currency, anchored to its vast reserves, ready to rival the dollar-dominated fiat system.

Though some saw the PBoC’s interference as an obstacle to internationalization, it was, in fact, a part of the master plan. The manipulation spurred China to resolve these issues, presenting a robust and transparent gold market, instilling confidence among international investors and central banks.

With each passing day, the BRICS nations were quietly amassing significant gold reserves, positioning themselves as formidable players in the global gold market. But this was not just about gold; it was a grand design to challenge the existing fiat dollar currency system.

Whispers of a secretive meeting among the BRICS leaders hinted at a game-changing move—an audacious leap into the future with a gold-backed currency. This currency, backed by the collective gold reserves of BRICS nations, would challenge the dominance of the fiat dollar system, altering the global financial landscape forever.

As the world speculated and leaders puzzled over the grand scheme, China and the BRICS Alliance remained shrouded in mystery, executing each step of their strategic plan with precision and finesse.

The fate of the global financial order hung in the balance. Could this alliance of nations truly challenge the might of the existing fiat currency system? Only time would reveal the outcome of this intriguing tale—a story of gold, power, and the pursuit of a new monetary world order.

The above story is obviously speculative on my part. While I took creative liberty in writing it in a Spy Drama, fictional style, the real world manipulation of the Shanghai Gold Exchange (SGE) by the People’s Bank of China (PBoC) has significant implications for the global gold market, particularly in the context of the Western Gold Exchange in London.

List of Terms used in the information that follows:

• PBoC – People’s Bank of China

• SGE – Shanghai Gold Exchange

• SGEI – Shanghai International Gold Exchange

China’s Gold Manipulation Discovered

China’s gold manipulation has come to light through astute observations and meticulous tracking of gold prices on the Shanghai Gold Exchange (SGE) and the Shanghai International Gold Exchange (SGEI). Analysts noticed significant price discrepancies between the SGE and London’s gold market, indicating interference in the form of restricted gold imports and exports by the People’s Bank of China (PBoC).

By studying historical data and examining the premiums and discounts on the SGE relative to the international benchmark, suspicions arose about the central bank’s role in influencing the gold market. Through these careful investigations, the PBoC’s efforts to manage capital flight and strengthen the Chinese economy through gold manipulation were revealed, unveiling a complex web of actions that could have far-reaching consequences in the global gold market.

As they studied the historical data, they noticed that the PBoC’s interference had become evident since 2014 when the SGEI was launched. The difference in premiums between the SGE and SGEI revealed the extent of the central bank’s actions.

Buy Low – Sell High

The PBoC has taken repeated actions that have affected the gold market significantly. They restricted gold imports into China, leading to higher gold premiums on the SGE compared to the international benchmark gold prices in London. This happened because limited gold supply within China caused the local gold prices to surge.

At times when China was importing more gold than it was exporting, the PBoC appeared to set a minimum premium of 0.5% on the SGE above the international benchmark. This move aimed to demonstrate strong Chinese demand for gold and possibly benefit importing banks financially.

But the central bank’s meddling didn’t stop there. They also prohibited gold exports from the Chinese domestic market. As a result, when the Chinese decided to sell gold, the prices on the SGE dropped drastically, creating a steep discount compared to London prices.

What it Means

The manipulation impacts physical gold movements between Shanghai and London. As one of the largest gold trading centers globally, London’s gold prices serve as a benchmark for the global gold market. The PBoC’s actions raise doubts about the credibility of benchmark prices, potentially fragmenting the gold market and challenging London’s status as a dominant player. As China and the BRICS Alliance position themselves with substantial gold reserves and a potential gold-backed currency, the London Gold Market faces the prospect of increased competition and a potential shift in the dynamics of the global gold market.

In respect to the facts above, I still wonder if there remains a more subtle agenda at play as the BRICS Alliance prepares to challenge US Dollar dominance and the Western Fiat Currency System.

Supporting Article: https://www.gainesvillecoins.com/blog/pboc-manipulates-sge-gold-price

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Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/china-shanghai-and-gold-manipulation-a-brics-currency-strategy/

Awake-In-3D: Japan’s Catastrophic Debt and the Inevitable Collapse of the Yen Fiat Currency

Awake-In-3D:

Japan’s Catastrophic Debt and the Inevitable Collapse of the Yen Fiat Currency

On July 28, 2023 By Awake-In-3D

In Fiat Debt System Collapse Articles

When I first launched GCR Real-Time News last year, I began by discussing how the Yen would likely be the first major currency to collapse ahead of the introduction and implementation of Our GCR. I still believe this today, so it’s time to revisit and update the current situation.

The Japanese Yen could be the first fiat currency to collapse and trigger a worldwide financial crash due to the country’s unsustainable debt problem, coupled with a lack of effective economic reforms and a dependency on aggressive, and failing, monetary policies.

Given Japan’s position as the third-largest economy globally and its extensive international financial linkages, the collapse of the Japanese Yen could have significant contagion effects on other major economies. The inter-connectedness of the global financial system could amplify the impact of a Japanese Yen collapse, potentially triggering a worldwide financial crash.

All the Financial Reasons in a Nutshell

1. Unsustainable Debt Burden: Japan’s debt-to-GDP ratio of approximately 265% is the highest among major global economies, making it an outlier in terms of fiscal responsibility. The sheer magnitude of debt creates an immense financial burden on the government, raising concerns about its ability to service the interest payments in the long run.

2. Perpetual Debt Trap: Japan finds itself in a perpetual debt trap, where borrowing to pay off ever-growing interest repayments creates a vicious cycle. The constant need for borrowing to cover debt obligations reduces the government’s ability to invest in growth-oriented initiatives and exacerbates the debt problem further.

3. Diminished Fiscal Flexibility: The BOJ’s aggressive and failing monetary policies, including negative interest rates and bond purchases, have left the central bank with limited tools to combat economic downturns effectively. With interest rates already near zero, the BOJ lacks the necessary firepower to stimulate the economy if a crisis occurs.

4. Limited Economic Reforms: Despite decades of economic challenges, Japan has struggled to implement significant reforms to improve productivity and boost economic growth. The lack of structural changes and innovation in the economy hinders Japan’s ability to break free from the debt burden and achieve sustainable growth.

5. Risk of Default: The significant gap between Japan’s debt level and its tax revenue raises the risk of default, especially if interest rates rise even slightly. If investors lose confidence in the Japanese Yen and demand higher yields on government bonds, the cost of servicing the debt could become unsustainable, leading to a crisis.

6. Contagion Effects: Given Japan’s position as the third-largest economy globally and its extensive international financial linkages, the collapse of the Japanese Yen could have significant contagion effects on other major economies. The interdependence of the global financial system could amplify the impact of a Japanese Yen collapse, potentially triggering a worldwide financial crash.

Bottom Line

Japan’s desperate financial and economic situation, characterized by an unsustainable debt burden, perpetual debt trap, limited fiscal flexibility, and insufficient economic reforms, poses significant risks to the stability of the Japanese Yen. The combination of these factors makes the Japanese Yen a potential candidate to be the first fiat currency to collapse and could have far-reaching implications, potentially triggering a global financial crash.

As with all of the major fiat currency nations globally today, Japan’s future hinges on its ability to break free from the shackles of unsustainable fiat debt System and steer the nation towards a more stable and prosperous future by joining in the global movement towards adoption of an asset-backed currency and the elimination of central bank monetary policy manipulation and corruption.

Reference articles for mind-numbing financials:

• BOJ Tweaks YCC For “Greater Flexibility”, Sending Bond Yields Soaring

• https://www.reuters.com/markets/currencies/japan-finance-minister-warns-against-excessive-yen-weakening-2023-06-30/

• https://www.bloomberg.com/news/articles/2023-07-28/boj-loosens-grip-on-long-term-yields-in-ueda-s-first-surprise#xj4y7vzkg

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/japans-catastrophic-debt-and-the-inevitable-collapse-of-the-yen-fiat-currency/

Awake-In-3D: The Basel 3 “Endgame” Explained – Not the RV/GCR Event We’ve Been Led to Believe

Awake-In-3D:

The Basel 3 “Endgame” Explained – Not the RV/GCR Event We’ve Been Led to Believe

On July 28, 2023 By Awake-In-3D

In RV/GCR Articles

There’s been much hype in GCR Land about the Basel 3 “Endgame”. It’s been framed as a turning point in Our GCR as much as SOFR and FedNow were. Yet here we are, still waiting for anything significant to change.

Unfortunately, and with much disservice to our GCR Land community, many RV/GCR “information providers” throw these terms and events out there with little explanation or context. In the end, all this does is place additional confusion and anxiety onto an already difficult GCR landscape. This is unfortunate, so let’s figure this out together without the Hopium or hype.

So What is the Basel 3 “Endgame” All About?

Regulatory agencies have recently unveiled a proposal to fortify the banking system by making modifications to capital requirements for large banks. This substantial endeavor, known as the Basel III endgame, seeks to increase the strength and resilience of the financial sector. By better reflecting underlying risks and enhancing risk measurement consistency, the proposal aims to safeguard against future turmoil and ensure a more stable banking environment.

Why the Word “Endgame”?

The term “endgame” is used to describe the final phase or iteration of the Basel III regulatory framework. It signifies that the proposed changes represent the culmination of a long process that began after the global financial crisis of 2007-2009.

The initial Basel III standards were implemented to address weaknesses in the banking system that were exposed during the crisis. Over the years, regulators have worked to refine and enhance these standards, leading to the development of the Basel III endgame.

The term “endgame” suggests that the proposed changes in the endgame phase are the last set of modifications needed to achieve the desired objectives of Basel III. It signifies that regulatory agencies believe the proposed adjustments will provide the necessary strength and resilience to the banking system, effectively concluding the regulatory efforts that started after the financial crisis.

In essence, “endgame” is a term used to indicate that the proposed changes represent the final stage of a comprehensive regulatory process, aimed at solidifying the banking system and reducing the likelihood of future financial crises.

The Basel 3 Endgame has had a Long Timeline

• 2007-2009: The global financial crisis occurs, prompting the need for regulatory reforms.

• 2017: The final iteration of Basel III, known as the Basel III endgame, is agreed upon.

• 2018-Today: Proposal Comment Period: Stakeholders and the public have an opportunity to provide comments on the proposal, allowing for feedback and refinement. Regulatory agencies collect data and analyze feedback to further refine and assess the impact of the proposed changes.

• November 30, 2023: The comment period for the Basel III endgame proposal closes, marking the deadline for submitting comments.

• 2023-2025: Banks start preparing for the implementation of the proposed changes, ensuring compliance with the new requirements.

• July 1, 2025: Large banks begin transitioning to the new framework outlined in the Basel III endgame proposal.

• July 1, 2028: Full compliance with the new framework is expected to be achieved by this date, marking the completion of the Basel III endgame.

The Basel 3 Endgame in Non-Financial Terms

In simpler terms, the Basel III endgame proposal is a comprehensive plan to strengthen the banking system and make it more resilient. By implementing modifications to capital requirements and risk measurement, regulators intend to ensure that banks are better prepared to weather financial downturns. The proposal aims to create a safer financial environment, reducing the likelihood of future banking crises and promoting stability in the global economy.

By adhering to a standardized framework and considering the risks associated with various activities, regulators aim to create a more stable banking environment, ultimately benefiting the overall economy and safeguarding against future financial turmoil.

Sidebar: Basel 3 General Details

The Basel III endgame is the final iteration of the Basel III regulatory framework, which was established by the Basel Committee on Banking Supervision following the global financial crisis of 2007-2009. Here are key details about the endgame proposal:

1. Purpose: The proposal aims to increase the strength and resilience of the banking system by modifying large bank capital requirements to better reflect underlying risks and improve risk measurement consistency.

2. Applicability: The proposed changes primarily apply to banks with $100 billion or more in total assets, while community banks are exempt.

3. Capital Framework Standardization: The proposal seeks to standardize aspects of the capital framework related to credit risk, market risk, operational risk, and financial derivative risk.

4. Inclusion of Unrealized Gains and Losses: Banks would be required to include unrealized gains and losses from certain securities in their capital ratios.

5. Supplementary Leverage Ratio and Countercyclical Capital Buffer: The proposal introduces the supplementary leverage ratio and the countercyclical capital buffer, if activated.

6. Estimated Impact: The proposed improvements are estimated to result in an aggregate 16 percent increase in common equity tier 1 capital requirements for affected bank holding companies. The effects would primarily affect the largest and most complex banks, with variations based on their activities and risk profiles.

7. Transition Provisions: The proposal includes transition provisions to allow banks sufficient time to adapt to the changes while minimizing adverse impacts.

Now you know – and knowledge is Power.

Related Awake-In-3D Articles:

• Clarifying the Basel III Accords – History, Key Banking Changes, and Impact on Physical Gold

• The FedNow Rollout and Its Implications for a US $CBDC

• Understanding SOFR: The New Benchmark for Global Credit Markets

• The Intersection of FedNow, SOFR, Basel III, and CBDCs: Unveiling the Fed’s Real-Time Control of the Financial System – Is This Our GCR?

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-basel-3-endgame-explained-not-the-rv-gcr-event-weve-been-led-to-believe/

Awake-In-3D: Clarifying the Basel III Accords – History, Key Banking Changes, and Impact on Physical Gold

Awake-In-3D

Clarifying the Basel III Accords – History, Key Banking Changes, and Impact on Physical Gold

On July 27, 2023 By Awake-In-3D

In RV/GCR Articles

Did Basel 3 just asset-back all bank balance sheets, connect to the QFS and bring forth Our GCR? Of course not.

The Basel III Accords, developed as a response to the 2008 financial crisis, have significantly reshaped the global banking sector. This regulatory framework introduces key changes such as increased capital requirements, liquidity standards, and leverage ratios to enhance the stability and resilience of banks.

Notably, Basel III reclassifies physical gold as a Tier 1 asset, recognizing its liquidity and stability. However, it does not directly impact the asset-backing of fiat currencies. While many countries have adopted or are in the process of implementing Basel III, the specific timelines and extent of implementation may vary.

Overall, Basel III aims to fortify the banking system, foster financial stability, and redefine the role of physical gold as a strategic component of banks’ balance sheets.

History of Basel Accords

The Basel Accords take their name from the city of Basel, Switzerland, where the Bank for International Settlements (BIS) is headquartered. The Basel Committee on Banking Supervision (BCBS), a global banking supervisory body, developed these international regulatory standards to promote financial stability.

Basel I, implemented in 1988, focused on credit risk and introduced minimum capital requirements for banks. Basel II, introduced in 2004, aimed to refine and strengthen the original framework by taking into account market risk and operational risk. However, the 2008 financial crisis exposed several shortcomings of Basel II, leading to the development of Basel III.

Key Changes Implemented by Basel III Accords

1. Capital Requirements: Basel III increased the minimum capital requirements for banks, emphasizing high-quality capital reserves to enhance their ability to absorb losses during economic downturns. Banks are now required to maintain a common equity Tier 1 (CET1) capital ratio of at least 4.5% of their risk-weighted assets.

2. Liquidity Standards: Basel III introduced new liquidity requirements to ensure banks have sufficient liquid assets to meet their short-term obligations. The Liquidity Coverage Ratio (LCR) mandates that banks maintain a minimum level of high-quality liquid assets to cover potential outflows during a 30-day stress period.

3. Leverage Ratio: The accords introduced a non-risk-based leverage ratio to limit excessive borrowing and prevent overleveraging. Banks must maintain a minimum leverage ratio of 3%, which is the ratio of Tier 1 capital to the bank’s total exposure.

Basel III and Physical Gold

Basel III’s impact on physical gold is a notable aspect to consider. Under the previous regulations, gold assets held by banks were classified as Tier 3 assets, which had a higher risk weighting and required higher capital reserves. This discouraged banks from holding physical gold on their balance sheets.

However, Basel III made a significant change by reclassifying physical gold as a Tier 1 asset. This means that gold held in the form of bullion or unallocated gold accounts with trusted counterparties can now be considered as high-quality liquid assets. As a result, banks are now incentivized to hold physical gold, as it contributes to their liquidity and capital requirements.

The reclassification of physical gold as a Tier 1 asset acknowledges its historical role as a safe-haven asset and recognizes its liquidity and stability. This change not only boosts the demand for physical gold but also enhances its status as a viable investment option.

Basel III Impact on Asset Backing of Currencies

Basel III does not have a direct impact on the asset-backing of fiat currencies.

The accords primarily focus on regulating the banking sector by establishing capital and liquidity requirements, and they do not address the specific backing or value of currencies issued by central banks. The asset-backing of fiat currencies is determined by the monetary policy and practices of individual central banks. These policies often involve factors such as economic stability, inflation targets, and the confidence and trust in the issuing central bank. While Basel III may indirectly impact the stability of banking systems and overall financial markets, it does not directly influence the asset-backing of fiat currencies.

Conclusion

The Basel III Accords represent a comprehensive regulatory framework designed to strengthen the global banking sector and prevent a repeat of the 2008 financial crisis. With increased capital requirements, liquidity standards, and leverage ratios, Basel III aims to bolster the resilience of banks and mitigate systemic risks. Moreover, the reclassification of physical gold as a Tier 1 asset under Basel III highlights the importance of this precious metal as a store of value and a strategic component of banks’ balance sheets. As the financial landscape continues to evolve, understanding the implications of regulatory frameworks like Basel III becomes increasingly crucial for investors and financial institutions alike.

SOURCE REFERENCE: https://www.bis.org/bcbs/basel3.htm

 https://ai3d.blog/clarifying-the-basel-iii-accords-history-key-banking-changes-and-impact-on-physical-gold/

Awake-In-3D: Elon Musk’s Financial Revolution – Could ’X’ Disrupt Fiat Payment Systems?

Awake-In-3D:

Elon Musk’s Financial Revolution – Could ’X’ Disrupt Fiat Payment Systems?

On July 25, 2023 By Awake-In-3D

In CBDCs and Digital Finance

Elon Musk’s X platform is set to revolutionize the global financial landscape, offering users the power to conduct their entire financial world within a single app. With ambitions to encompass half of the global financial system, X could disrupt traditional banking and payments, introducing a new era of decentralized transactions and financial inclusivity.

As the X platform emerges from Twitter’s rebranding, it promises a comprehensive integration of social networking, messaging, banking, payments, and more, resembling China’s influential WeChat.

This development could create a significant shift in the way we navigate the financial realm as X unleashes its potential to reshape the world of fiat currency.

The X payment platform has the potential to exist outside of the current financial infrastructure by leveraging innovative technologies and decentralized systems. By incorporating features like blockchain technology and digital currencies, X could provide users with direct peer-to-peer transactions, eliminating the need for traditional intermediaries such as banks or payment processors.

This decentralized nature could enable faster, more secure, and cost-effective transactions, while also offering greater financial inclusion to individuals who may not have access to traditional banking services. Additionally, by integrating various financial services within the platform, X could create a self-contained ecosystem for users to manage their finances, reducing reliance on traditional financial institutions.

Key points supporting the implications for the global fiat currency financial system:

1. Twitter’s rebranding to X, led by Elon Musk, is part of a larger plan to incorporate financial services on the platform.

2. Elon Musk hinted that users can expect to conduct their “entire financial world” on the X platform in the coming months.

3. Musk’s X Corp enterprise acquired Twitter to advance the development of his “everything app,” which will also be called “X.”

4. Musk envisions X as an “everything app” that includes social networking, messaging, video, content, banking, payments, and data.

5. If executed correctly, X has the potential to encompass “half of the global financial system,” similar to China’s WeChat super app.

6. Musk has been advocating for integrating financial services onto the platform since acquiring Twitter in October 2022.

Overall, the introduction of X as an all-encompassing platform with integrated financial services implies a potential disruption to the global fiat currency financial system, as users could conduct various financial activities within a single app potentially outside of central bank and government control and surveillance.

Source Reference: https://cointelegraph.com/news/elon-musk-says-x-will-offer-an-entire-financial-world-in-the-coming-months

https://ai3d.blog/elon-musks-financial-revolution-could-x-disrupt-fiat-payment-systems/