“Tidbits From TNT” Friday 5-31-2024

TNT:

Tishwash:  A parliamentary committee determines the main reason for not approving the oil and gas law.. What is Kurdistan’s relationship?

 The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.

Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”

He added, "The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law."

He stated that "the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil." link

Tishwash:  Baghdad Stock Exchange closes due to instability in dollar prices 

The exchange rates of the US dollar continued to be unstable against the Iraqi dinar, with the close of trading on the Al-Kifah Stock Exchange today.

Selling prices in exchange shops recorded 146,000 dinars for 100 dollars, while purchasing prices reached 144,000 dinars for 100 dollars.

Economic specialists warned of the sudden rise of the dollar, noting that the reason was due to speculators withdrawing the American currency from the market and selling it later at high prices, which negatively affects the stability of the financial market and the local economy.

link

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CandyKisses:  Abu Saeeda: American forces will not withdraw from Iraq, and the nature of their presence will be changed

Information / Baghdad...

The head of the movement and the presence of Mohammed Sharif Abu Saida, ruled out the withdrawal of US forces from Iraq, expecting to change the status of their presence.

Abu Saida told Al-Maalouma that "America controls 3 of the largest military bases in the region, Ain al-Assad, Harir and Victoria inside Iraq and al-Tanf near the Iraqi-Syrian border."

He added that "the extension of the state of emergency in Iraq by US President Joe Biden is an explicit confirmation of the continued presence of his military forces in Iraqi territory," pointing out that "the visit of Prime Minister Mohammed Shia Al-Sudani to Washington last month did not discuss the file of withdrawal of US forces from Iraq."

"Anyone who talks about a systematic withdrawal of US forces from Iraq is delusional, as what will happen is to change the status of these forces from a combat soldier to an advisor," he said. 

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Tishwash:  Adopting international standards brings Iraq closer to the International Labor Organization

Consensus on the importance of strengthening the work sectors in the public and private sectors, and in the financial sector in particular, by adopting governance, risk management and compliance procedures and their role in evaluating performance to achieve goals and avoid economic diseases of all kinds, and to bring Iraq closer to the international labor system.

Advisor to the Prime Minister for Financial Affairs Dr. Mazhar Muhammad Saleh said during the Governance, Risk Management and Compliance Forum organized by the House of Wisdom for Training and Consulting: The importance of the forum stems from focusing on three axes that are extremely important for evaluating performance within institutions, whether public or private, pointing out that governance does not allow deviation from compliance rules. The basic principles are that creating performance paths that serve the country requires commitment to these important and internationally recognized standards.

Saleh stressed that adherence to established policies is extremely important in the internal auditing process and is no less important than high disclosure and transparency, pointing out the importance of there being true integration in building human capabilities through solid training and education curricula that create competencies that rise to world-class performance.

The speech of the Acting Chairman of the Finance Committee, Atwan Al-Atwani, which was read out, confirmed that the issue of governance in public and private institutions receives international, regional and local attention as a result of the expansion of the size of institutions, due to the technological development witnessed by the world and the challenges that have been created that require a new business philosophy.

He pointed out that the GRS system is of great importance, especially in the banking sector, as well as for adopting a huge amount of data in public and private institutions via the Internet, and to achieve the goals of this system, we find that it turns data into smart data of value for institutions.

As for the authorized director of the House of Wisdom for Training and Consultations, Hisham Khaled Abbas, he stated that the forum represents a new approach that expands the importance of this concept, and that the role of governance is to promote effective management that achieves results that enhance the reality of the institution, succeeds in achieving goals, and touches on the broader results and objectives of the national economy seeking to evaluate performance and advance the economy. in general.

He stated that keeping pace with global developments is extremely important and brings us close to the international labor system and enhances confidence in the Iraqi labor market, which is looking for an international presence to complete many works, especially in the investment field in various sectors without exception, at a time when we find many major and specialized international companies looking to... Iraq is of particular importance and the business environment is studied very carefully.

Abbas pointed out that governance, compliance, and risk management are important axes that keep us close to important international and regional economies.  link

 Mot:  Don't Get it!! -- what ever Does he Mean!!??? 

Mot:  Yeppers - finded sum

News, Rumors and Opinions Friday AM 5-31-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 31 May 2024

Compiled Fri. 31 May 2024 12:01 am EST by Judy Byington

Judy Note:  The new monetary system known as the Quantum Financial System (QFS) will end the Cabal’s corruption, usury, and manipulation within the banking industry. The QFS is ready for its implementation, and is waiting behind the coulisses. This new Quantum Financial System is set to be run on a quantum computer that is based on an orbiting satellite, and is protected by Secret Space Programs to ensure that it cannot be hacked.

Global Currency Reset:  (Opinions)

Judy Note: In my opinion it appeared that Tiers 1 and 2 have been funded and Bond Holders may have received liquidity on Wed. 39 May – the same day they finalized regulations for the Global Currency Reset. Tier 3 was apparently under Non Disclosure Agreements so they may already have liquidity. Tier4b (Us, the Internet Group) could be notified for exchange appointments any time from Sat. 1 June to Tues. 4 June, with a final D Day of Thurs. 6 June. The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June and if not, there was a back wall date of Thurs. 4 July when it was believed that the GCR would be announced to the General Public.

Thurs. 30 May 2024 Wolverine: “Beautiful news came through this morning that we were going to start tomorrow Fri. 31 May. We’ve heard this before but I’m praying that it becomes a reality tomorrow. It is a process which should be finished by June 15th. Thurs. 6 June is D Day.”

Thurs. 30 May 2024 Bruce (by Sue): High Sources says 800 numbers today or tomorrow Fri. 31 May and could kick off on Sat. 1 June.   

Thurs. 30 May 2024 Bank Story, Anon: “Today at 3am my wife got a text message from Santander Bank stating that her Google pay setup using the Santander Card had been cancelled. I spoke to the tech support and asked him are you on QFS? He said yes they are on Quantum Financial System. That Santander was on the QFS was very exciting news.”

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Global Financial Crisis:

Fed Chair Jerome Powell and the FOMC tomorrow. The Federal Reserve plays a pivotal role in managing the U.S. monetary policy, including the control of money printing and interest rates. Since 1971, the U.S. dollar has operated under a fiat monetary system, meaning it is not backed by gold or any other physical commodity. Instead, its value is based on the “full faith and credit” of the U.S. government. The Federal Reserve’s decisions on interest rates can impact borrowing costs, inflation, and the national debt. Lowering interest rates can make borrowing cheaper, potentially increasing the national debt. This has raised concerns about the sustainability of the U.S. debt, with some viewing it as a potential bubble or Ponzi scheme. https://t.me/USDebtClockAmerica

Thurs. 30 May 2024: BOOM! QFS Exposing the Deep State’s Machinations! The Great Money Laundering Scheme -Taxpayer Money Laundered Through Privately Owned Tax Offices – American Media Group (amg-news.com)

Thurs. 30 May 2024: US Debt Clock: Wake-up Call to the Republic – 22 States Sue the Fed Seeking Audit of Private Banking Syndicate – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/05/31/restored-republic-via-a-gcr-update-as-of-may-31-2024/

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

Militia Man  Iraq has not...been paying for things for 1310 through the dinar.  They've been using oil money in dollars...That's going to cease.  We already know they've got about 90% of all of the commercial activity in Iraq [aside from Kurdistan] using the dinar in-country.  They talked many times that liquidity is tight in Iraq with the dinar...All the citizens that are dealing in dinar and own dinar, I think they're going to be in good shape.  If you're only dealing in the dollar and they change the value of the currency...you are going to suffer...

Pimpy  Article: "Expert: The Iraqi economy is witnessing a remarkable growth, with the decline in the dollar exchange rate."  This is good.  We need this to happen.  Iraq needs it to happen.  More importantly the policies that are being implemented by Iraq are favorable amongst the IMF, World Bank and all those people who are involved with making sure Iraq stay on track, stops laundering money and financing terrorist.  The more Iraq continues to stay on track and prove to the world they are going to behave themselves for now on the doors open for Iraq to rejoin the international community...

Comparing the IQD to the VND Iraqi News IQD VND HTG Rates

Edu Matrix:  5-31-2024

Comparing the IQD to the VND Iraqi News IQD VND HTG Exchange Rates There are major differences between Iraq and Vietnam, but what they have in common is frustrating.

Fifty yeas vs. 20 years waiting for currency to increase in value against the US dollar.

https://www.youtube.com/watch?v=VCuRZWqJNE4

Is the U.S. Empire Coming to an End (Destruction of the U.S. Dollar)?

Sachs Reality:  5-30-2024

Will the BRICS announce a new currency in their 2024 summit, would this collapse the U.S. dollar?

https://www.youtube.com/watch?v=Xd1i0oqSOqk

Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24

Good Evening Dinar Recaps,

"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"

The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.

Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce.  This is a 14.3% increase.

Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.

To top it all off, the Global Economy is moving into virtual assets that are called "tokenized assets." Each asset contains gold to support its value even the stablecoins which represents a country's currency has to have enough gold to sustain a Level Playing Field price in trade.  MoneyWise   YCharts.

Everything is turning to gold, and gold will set us free.

© Goldilocks

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READ DOC Here:

Thank you Sam for finding the above information for me. I knew it had to be somewhere.

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Everything on the new QFS either relates to gold, or it is backed by a precious metal.

These new digital standard protocols will be the mechanism by which money is moved going forward.

The future of money is in gold. Everything the world touches going forward will be because of a metal asset that enables it to do so.

© Goldilocks

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Status of Banks’ Unrealized Losses in Q1: Worsened after Brief Rate-Cut-Mania Relief | Wolf Street

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New York Stock Exchange to list Bitcoin options -  Ledger Insights - blockchain for enterprise

Bitcoin Announcement:

"Today the New York Stock Exchange (NYSE) said it plans to launch cash-settled spot Bitcoin options with the price tracking the CoinDesk Bitcoin Price Index (XBX), subject to regulatory approval."

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Once our digital assets moving towards regulation and becoming law are complete, the ability to move our "tokenized assets" backed by gold as a tier one asset will bring the banking system and the markets into correlated price patterns.

This will enable us to move forward with the new economy and begin the process of credit valuation adjustments across all sectors of the market including Forex.

© Goldilocks

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The BuyBacks that started yesterday have not turned the markets around. BuyBacks usually reset a market and support a market. So far, it is not working. The next FOMC meeting is June 11th through the 12th. We may be looking at some monetary policy changes. We have to keep our eyes open much wider than before...

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Article (10) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and based on the supervisory and supervisory role of this bank, it was decided to oblige the Anti-Money Laundering and Terrorist Financing Department in the electronic payment service providers/processors company to follow up on the movements that take place. On cards (whether prepaid, credit or debit)

https://cbi.iq/news/view/2595

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Meeting with the Minister of Agriculture at ROSL, 2024 | Youtube

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Comparing the IQD to the VND Iraqi News IQD VND HTG Rates | Youtube

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THE WORLD ECONOMY IS COLLAPSING FASTER... AND SOCIETY IS BEING "DECONSTRUCTED." Mannarino | Youtube

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Trading Halt | Investopedia

Market Announcement:

A delay in ticker reporting was announced about an hour ago. This delay is expected to be over 2 hours.

This does not make sense to me as a trader. Something is not right. Why would anyone buy in a stock market whereby the buy/sell indicators were delayed?

This is very dangerous.

"Trading can be halted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch, due to regulatory concerns or because the price of the security or an index has moved rapidly enough to trigger a halt based on exchange rules."

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It looks like I have the rest of the day off.

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All Time High Asset Prices | Youtube

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Ripple submits a letter to Judge Torres:

1 & 2

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De Dollarization: Are American Allies (the EU) joining BRICS move?

De Dollarization: Are American Allies (the EU) joining BRICS move?

Fastepo: 5-30-2024

You may have heard the term de-dollarization. This concept involves reducing reliance on the US dollar for international trade, financial transactions, and reserves.

 While it is often associated with eastern or anti-western countries like the BRICS nations and their allies, the trend has now expanded beyond these regions.

Surprisingly, even the European Union has joined the movement, reflecting a broader shift in global financial strategies. The trend towards dedollarization in Europe and globally is gaining momentum, driven by several geopolitical and economic factors.

The EU's drive towards de-dollarization is motivated by several strategic factors. Primarily, it aims to reduce vulnerability to US sanctions, which impact European businesses by limiting their ability to engage in transactions involving the dollar

Enhancing financial autonomy is another key motive, allowing the EU to implement independent economic policies and increase the euro's stability as a global currency.

Promoting the euro in international trade helps mitigate exchange rate risks and strengthens the EU's geopolitical influence. Economic stability and risk diversification are also crucial, as reliance on the dollar exposes the EU to economic fluctuations and US policy changes.

 Additionally, facilitating trade with countries like China and Russia, which are also pursuing de-dollarization, and leveraging technological innovations in financial systems, such as SEPA and the digital euro, further support this strategic shift

 In this video, we dive deep into the concept of de-dollarization from the EU's perspective.

https://www.youtube.com/watch?v=nCA_Zmm2etI

More News, Rumors and Opinions Thursday Afternoon 5-30-2024

Entire Financial System Can Go Down Soon – Chris Martenson

By Greg Hunter’s USAWatchdog.com 

Dr. Chris Martenson holds a PhD in pathology from Duke University, is a futurist and an economic researcher.  Dr. Martenson was one of the very few scientists who called…[rest of paragraph redacted]

In a new market meltdown, Dr. Martenson sees chaos and gives a hypothetical example: “China attacks Taiwan, and there is a 10 sigma move in the bond market.  Oh no, all these derivatives have blown up.  These people are supposed to be winners, and these people are supposed to be all losers.  No, no, they don’t have any money for that stuff.  It’s too complicated.  I don’t think anybody understands how this works anymore. 

 I could not find anybody who could tell me the whole thing.  I could find people who knew bits and pieces, but they knew their slice. . . . I am trying to stitch this thing all together. 

I get uncomfortable when I can’t answer the most basic questions, and that is how much risk is there in the system and where is it?”

In short, Dr. Martenson is worried about the whole financial system going down.  Dr. Martenson says, “Yes, I am worried about the whole system going down, and that leads to all sorts of speculation. . . .

 Imagine this, we wake up one day, and the markets are not open on Monday.  Oh no, glitch.  Problem.  Then, it’s two days and not open, three days not open.  People are getting worried.  Friday, and the markets are still not open.  Monday comes, and they say it’s a super big problem, and we don’t know how to resolve it. . . . They offer you 100% value today in a Central Bank Digital Currency (CBDC) account or you can wait it out and hope it gets resolved, and it might take a decade.”

Dr. Martenson likes gold, silver, land and basically all (clear title) physical assets to protect you from “The Great Taking.”  Martenson has an upcoming seminar with “The Great Taking” author David Webb (and others) to help you to counter the theft that will surely come in the next financial meltdown.

In closing, Dr. Martenson says, “This has been a series of large amplitude blunders that keep getting bigger and bigger.  The Great Taking” is the framework built, that just in case all this colossal blundering blows up, Congress and Wall Street flips a coin and you get heads we win and tails you lose.  This is the oldest story in the book.”

There is much more in the 38-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the founder of PeakProsperity.com, Dr. Chris Martenson for 5.28.24.

https://rumble.com/v4y3dpu-entire-financial-system-can-go-down-soon-chris-martenson.html

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VAL THOR

THIS AM I CALLED MY CREDIT UNION, ONLINE BANKING WAS DOWN. 

I ASKED IF THEY WERE CONVERTING OVER FROM SWIFT TO QFS. 

AN IMMEDIATE YES! 

ONLINE 3 HRS LATER. IT HAD BEEN DOWN FOR 15 HRS.

https://dinarchronicles.com/2024/05/29/val-thor-credit-union-acknowledges-qfs/

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

Militia Man  Article quote: "If we assume the Central Bank issues a new currency this will not affect the exchange rate of the Iraqi dinar."  This guy is not wrong...It won't in my view.  The exchange rate will affect the new small denominations though...If they change the value of the exchange rate by dropping the three zeros, therefor the new denominations will be affected by it, which will be value.  It's pretty simple.

Mnt Goat  ...we read three articles about the CBI official rate equaling the Parallel or Black market rate in the coming days. WOW!...Saleh, the prime minister’s financial advisor, then goes on to say this will make one dinar equal to one dollar in Iraq. WOW! ...I was told by my CBI contact months ago to watch for right before the CBI makes one more “official” rate change closer to 1000 from 1320. If you take 1000...and delete the three zeros 1000 what do you have? Of course, you have a situation of 1 dinar equals 1 dollar...But I believe that when they CBI does make this next official rate change it will move closer to 1166 and not 1000 which would make 1 dinar = 1.16 dollars just over a dollar to help the banks retrieve these dollars hoarded outside of the banks...   Let’s sit tight and watch this play out.

Jim Rickards Warns Real Danger is Not U.S. Treasuries Collapsing but Something Far Worse

Daniela Cambone:  5-30-2024

Russia could retaliate by freezing the entire Western clearance system, warns Jim Richards, New York Times bestselling author.

 In an exclusive interview with Daniela Cambone, Richards explains that if Western countries seize Russian assets, Russia could sue Euroclear, the largest clearing, settlement, and custody organization in Europe, to recover damages.

“You could throw a monkey wrench into the entire global clearance and settlement system by disrupting Euroclear, which is probably second only to DTCC in terms of settlement and clearance.”

Additionally, Richards states that we may need to return to the gold standard to restore confidence in the U.S. dollar.

“But if you have to go back to a gold standard, $27,000 would have to be the price in order to avoid massive deflation.”

https://www.youtube.com/watch?v=hM8EcWUb4mI

Some “BRICS News” Thursday 5-30-2024

BRICS Announce Resolution For New Payment & Settlement Activities

Arcadia Economics:  5-29-2024

The BRICS International Financial and Economic Forum opens on Monday in Moscow, and according to the organizing committee of the forum, a resolution will be adopted on new payment, settlement, and emission activities of the countries of the association.

We've talked on the show previously about a currency project called The Unit, that is reportedly being moved forward with the BRICS Business Council as a potential structure for a payment settlement mechanism.

And now the latest announcement sheds more light on what the BRICS are aiming for, with the information this time coming directly from them.

 Vince explains what happened and what it means, and also goes through the latest gold and silver news and developments. To find out more, click to watch the video now!

https://www.youtube.com/watch?v=Amz6zQaCMt8

BRICS Expansion: Venezuela Officially Ditches Dollar!

GlobalEconinsights:  5-29-2024

BRICS expansion: Venezuela officially ditches Dollar! In a move signaling a shift in global economic power, Venezuela has officially announced its decision to ditch the dollar in favor of closer ties with the BRICS nations - Brazil, Russia, India, China, and South Africa.

This strategic move is seen as a significant step towards reducing dependency on the US currency and forging stronger alliances with emerging economies. Stay tuned to learn more about how Venezuela's decision to join the BRICS alliance could impact the global financial landscape.

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

Karen's ad code

Would You Pay €1 For This House?

Would You Pay €1 For This House?

Notes From the Field by James Hickman (Simon Black)  May 29, 2024

In 2007, Giuseppe Ferrarello found himself facing a monumental challenge as the newly-elected mayor of Gangi, Italy — an incredibly picturesque yet dwindling town nestled in the mountains of Sicily.

Like many rural communities across Italy and beyond, the village of Gangi was grappling with depopulation and economic decline. Once home to 15,000 people, its population by 2007 stood at just 7,000. Young people in particular were leaving to seek job opportunities in northern Italy and elsewhere in Europe, leaving behind aging parents and empty houses.

At first glance, the situation seemed hopeless. Gangi’s inland location far from the coast rendered it unattractive to tourists.

But Ferrarello refused to give up and adopted a bold strategy to revitalize his town through the “One Euro Houses program” — a pioneering initiative aimed at attracting new residents and rejuvenating abandoned properties.

Under the program, buyers could purchase local derelict houses for a symbolic price of just one euro... but with strings attached. New owners had to commit to restoring the properties within four years.

Ferrarello’s idea was successful in attracting foreign investors. And over the next few years, the little hamlet was recognized as the “Jewel of Italy,” and named one of the “The most beautiful Italian villages.”

New residents and tourists from Europe and beyond arrived, to the delight of the local businesses and artisans.

And over the following years, several towns across Italy, Spain, France, and even the UK launched their own projects offering housing at a ‘symbolic price’.

At face value it seems like a stupendous bargain to buy a house in Europe for just 1 euro. But are these offers really worth the strings attached?

Super cheap real estate deals across various EU countries exist because the properties are worthless to their current owners. These often-dilapidated homes are located in small towns far from major population centers and tourist attractions, and many have been abandoned for generations, requiring extensive renovation.

Property taxes, though modest, make these properties a burden. And buyers typically must commit to spending at least €35,000 to renovate the property within two to three years.

If you fail to meet these obligations, you risk losing a €1,000 to €5,000 insurance deposit held by the municipality, losing the property, or both.

Other costs include €1,500 in legal fees, and roughly €3,500 for mandatory civil engineering and architectural plans.

There’s also no guarantee that €35,000 will be enough to complete renovations; many of these properties are “historic,” meaning you can’t do whatever you want. Plenty of local regulations will govern what you can and cannot do.

Therefore, renovating a small, 100 square meter (1,076 sq.ft.) home can cost between €60,000 and €160,000 to bring it to a livable and rentable condition.

Engaging in such a project could certainly benefit adventurous souls with ample free time.

But there are other challenges as well. You either need to speak Italian and be prepared for the complexities of southern European bureaucracy, or you’ll have to spend even more money on project managers.

Even if you persevere through the purchase and renovation process, consider the most probable outcome — an illiquid property in a tiny village lacking appeal to both Italians and foreigners alike. Because most of these towns aren’t as successful as Gangi at reigniting their tiny economies.

But if owning a beautiful home in Italy is your goal (and part of your Plan B), it probably makes more sense to just look at the wide selection of regular cheap properties available throughout the country.

After all, owning an Italian home does offer the allure of breathtaking scenery, cultural richness, relaxation, outdoor activities, and even an investment potential… all in one picturesque package.

Even for as low as €60,000 to €160,000, you can find a nice Italian property with no strings attached — no hunting for reliable information, no applying for remodeling and construction permits, no actual renovation, and no time wasted.

Properties almost anywhere in Italy remain remarkably cheap, as the country has, so far, missed the real estate boom experienced by its European neighbors.

As of March 2024, the average Italian property price per square meter stood at €1,850, just 6.6% higher than the nationwide low recorded in February 2020.

Property prices in Spain average €2,098 per sq.m., and €2,596 in Portugal.

And 22 provinces (out of 106) across Italy have current province-wide prices below €1,000 per square meter. That’s definitely cheap.

For example, in Gangi, the original “€1 house” village, this 151 sq.m., 3-story house in the town center offers great views, is in livable condition, and is selling for just €35,000.

(Personally, I’d rather pay 35k for the finished home than have paid 1 euro and gone through all the time, money, and work to renovate it.)

And it’s not just the cheaper southern Italy that has these deals.

Genoa — a famous port city just south of Milan, and the birthplace of Christopher Columbus — is still 47% below its 2012 peak, with plenty of options below €1,000 per square meter.

Biella — less than 90 minutes from Milan and situated right at the foot of the Alps, next to lakes, mountains, and ski resorts — offers this spacious and modern 250 sq.m. apartment located right in the town’s historic area, selling for €155,000 — a very inexpensive €620 per square meter

Now, believe it or not, this article isn’t really about buying property in Italy. To some people, Italy may be their idyllic retirement dream. Others couldn’t care less. The larger issue is how to think about a “Plan B”.

Remember, the central idea behind a Plan B is to mitigate risks by taking sensible actions — actions which make sense regardless of what happens (or doesn’t happen) in the future.

For a lot of people, a big part of their Plan B is having a second property overseas. A second home abroad, combined with residency or citizenship, is sort of like an insurance policy: you might not ever need it… but in case you ever do, you’ll be damn glad you have one.

A second residence means that you’ll always have a place to go in case, for whatever reason, you need to leave your home country. This could be enormously valuable to you and your family.

But even if that day never comes (and hopefully it doesn’t), it’s hard to imagine you’ll be worse off for owning a nice property in a place where you really enjoy spending time-- which you were able to purchase on the cheap and generate modest cashflow while you’re not using it.

For some people, Italy ticks that box. For others, it doesn’t. And for others, buying a second home isn’t the right move either. Everyone has unique, individual circumstances.

The key idea is that we can apply this same logic to other elements of a Plan B, including our finances.

For example, we have long argued why inflation will grow and become a major problem for the US dollar in the coming years; it will be extremely difficult to take on $20+ trillion in new debt in the next decade without serious, serious inflation.

Real assets are a major inflation hedge. And right now, many real assets-- including key commodities and the companies which produce them — are historically cheap.

We’re talking about high quality gold or copper miners that generate fantastic profits, have virtually zero debt, and pay 8%+ dividends… yet their shares trade at laughably low valuations.

If our inflation thesis plays out as expected, these types of companies will do extremely well, and shareholders could be richly rewarded.

But even if inflation never materializes (which is highly doubtful), it still makes sense to consider owning a strong, profitable business that pays a great dividend.

James Hickman Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/would-you-pay-e1-for-this-house-150891/

“Tidbits From TNT” Thursday 5-30-2024

TNT:

CandyKisses:  Sudani announces the opening of 48 power transmission stations and 152 electricity distribution stations in Iraq

 {Political: Al-Furat News} Prime Minister Mohamed Shia Al-Sudani announced the opening and operation of 200 power transmission and electricity distribution stations.

The media office of the Sudanese in a statement received by {Euphrates News}, that "Sudanese announced the opening and operation of 48 transmission stations for electric power for ultra high and high pressure, and 152 power distribution stations in all provinces of Iraq."

"This is part of the first phase of a package of projects to solve bottlenecks in electricity transmission and distribution networks in Baghdad and a number of provinces," he said.

Tishwash:  Al-Sudani discusses with the New Generation bloc steps for economic reform

On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani discussed with the New Generation Bloc the government’s steps towards economic reform.

The Prime Minister's media book stated in a statement received by Al-Maalouma, that "Prime Minister Muhammad Shiaa Al-Sudani received members of the House of Representatives from the New Generation Bloc, and during the meeting, they discussed the general conditions in the country, the conditions in the Iraqi Kurdistan region, and discussed the government's steps in Implementing the priorities of its program in economic reform, providing services, and alleviating unemployment and poverty rates, in a way that helps achieve a development renaissance that will be reflected in the economic and social situation in general.”

He added, "The meeting witnessed an emphasis on the importance of coordination and integration of work between the executive and legislative authorities, which is in the best interest of the country, and also stressed the need for political forces to make the required efforts in addressing issues and differences in visions, with the aim of enhancing stability throughout Iraq and preserving the democratic approach." Which supports the state and its institutions.”  link

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CandyKisses:  Parliament finances talk about the deficit of the budget: we will adopt this mechanism to fill it

Economy News - Baghdad

Today, Thursday (May 30, 2024), the Parliamentary Finance Committee revealed the mechanism for bridging the financial deficit in the fiscal budget for the year 2024 sent by the government to the House of Representatives.

Committee member Moeen Al-Kazemi said that "the 2024 budget, according to the schedules sent by the government to the House of Representatives, amounts to (211) trillion dinars, and the government's oil and non-oil revenues amount to (147) trillion dinars, and this means that the deficit will be (64) trillion dinars, and we in the Finance Committee will follow up on this issue and give our perceptions regarding addressing the deficit in the upper limit."

Al-Kazemi indicated that "the government wants to address this deficit by borrowing from the Central Bank of Iraq in the amount of (20) trillion dinars and from other banks with a value of (5) trillion dinars and issuing new national bonds with (5) trillion dinars, and with a rise in oil prices, up to (16) trillion dinars, and for this we will have multiple meetings with the competent government agencies to find out the details of that process and how it is possible to fill the deficit away from borrowing and reduce it."

On Wednesday (May 22, 2024), the Parliamentary Finance Committee began holding its first meeting after receiving the 2024 budget tables, to review the budget tables and start studying them for the purpose of proceeding with their approval.

Later, the Finance Committee confirmed in a statement that it held its first meeting on the Federal Budget Law for the year 2024 with the aim of developing a comprehensive plan to review and analyze the budget tables and items related to them after their arrival from the Prime Minister's Office

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Tishwash:  China: We support the development of Iraq's economy and are confident of securing our companies and individuals working there

On Wednesday, Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fouad Hussein, held discussions with Wang Yi, member of the Political Bureau of the Central Committee of the Communist Party and Minister of Foreign Affairs of the People's Republic of China, on the sidelines of the tenth session of the ministerial meeting of the Arab-Chinese Cooperation Forum currently held in Beijing.

During the meeting, Chinese Foreign Minister Wang Yi renewed his welcome to accept the invitation to visit Iraq, and also welcomed the holding of the joint Iraqi-Chinese committee meeting scheduled to be held in Baghdad.

The meeting discussed many bilateral issues of common interest between the two countries, including political, economic and military issues. China is Iraq's first trading partner and one of the largest importers of Iraqi crude oil, and it has a large number of companies working in various fields to advance the Iraqi economic situation.

Hussein touched on the development project launched by the Iraqi government, which links Iraq from the port of Al-Faw to Turkey and Europe in the north, and the possibility of aligning this strategic project with the Chinese Belt and Road Initiative, which Iraq joined in 2015.

Hussein stressed the Iraqi government's efforts to diversify the sources of the economy in the fields of agriculture and religious tourism, and called on Chinese companies to invest in the field of alternative energy and gas, noting that Iraq will play an important role in investing in associated gas.
They also discussed banking and financial cooperation between the two countries, as well as China’s support for Iraq to obtain financial financing for investment in infrastructure projects from the Asian Infrastructure Investment Bank, especially in development road projects.
The two sides appreciated the diplomatic efforts in opening the Iraqi Consulate General in Guangzhou and the Chinese Consulate in Basra, as well as welcoming the opening of the Beijing-Baghdad line of Iraqi Airlines.

Wang Yi stressed China's continued support for Iraq's efforts to preserve its sovereignty and develop its economy and in the field of combating terrorism and rejecting all foreign interference. He also expressed his confidence that Iraq will provide security guarantees to Chinese institutions, companies and individuals working in Iraq.

For his part, Fouad Hussein stressed the ongoing cooperation between the two countries in the field of mutual support for international positions, pointing to Iraq’s important role in improving relations in the countries of the region, especially in bringing the views between Saudi Arabia and Iran closer. He appreciated the Chinese efforts on all pivotal issues, including the Palestinian issue and its decisions.  link

Mot:  ... Beeeeeeeeeeeeee Shur and Has a Very ~~~~~~

Mot:  . Tips on Cleaning the House!! -- frum ole ""Mot "" of Course!

How to Predict the Collapse of the Global Financial System Before It Happens

How to Predict the Collapse of the Global Financial System Before It Happens

On May 24, 2024  By Awake-In-3D

These simple early warning signs in US Dollar markets will help you know before it’s too late.

In This Article

• Bond Market Instability as a Warning Sign

• Central Bank Interventions: A Prelude to Collapse

• The US Dollar’s Surge: A Harbinger of Crisis

• Recognizing the Final Indicators of Systemic Failure

We all know that the global fiat financial system is approaching the edge of collapse.

Of course, it is simply not possible to predict the actual date.

Yet, there are some fundamental warning signs to look for ahead of the inevitable crash.

Understanding a few simple indicators like the bond market instability, central bank’s taking desperate measures, and a record-breaking surge of the US dollar’s value against other major currencies will help you predict that the system is about to fail sooner rather than later.

I explain each of these basic warning signs below.

Sovereign Bond Market Instability: The First Warning Sign

The bond market is a barometer of economic health, and its instability signals impending disaster.

During periods of growing financial system stress, the bond market can experience a very weak demand (bids) as investors scramble for safety.

The high probability of weak bond sales during an accelerating crises will trigger central bank intervention.

However, massive central bank intervention will present a double-edged sword.

When risk can’t be contained within the sovereign debt market, it spills over into corporate bonds or credit spreads, indicating the credit markets are heading into a global dollar credit freeze.

Dramatic Central Bank Interventions: A Prelude to Collapse

Central banks are often seen by mainstream news outlets as saviors in times of crisis, but their interventions.

When central banks rush to stabilize the bond market, they expose the system’s inherent weaknesses.

As risk migrates from the sovereign debt market to other areas, such as corporate bonds or the currency market, the fragility of the entire system becomes publicly apparent and creates a self-fulfilling panic prophecy.

A Record-breaking Surge of the US Dollar: The Final Sign

In times of global financial stress, the US dollar emerges as the ultimate safe haven. It literally is the cleanest dirty shirt in the currency laundry basket.

However, the dollar’s final earth-shattering surge won’t be a sign of dollar strength, but actually the last phase of the global fiat system collapse.

Non-US countries hold massive amounts of dollar-denominated debt, and when crises hit, they struggle to refinance these obligations. This causes huge demand for dollars globally resulting in a worldwide dollar shortage.

Especially in the global EuroDollar shadow banking market.

The resulting dollar scarcity drives up its value, particularly in the offshore Eurodollar market. There will be no dollars to be had and a parabolic surge in the US dollar’s value will result (supply and demand basics).

As capital flees emerging markets and returns to the US, the dependency on the US dollar becomes a glaring weakness.

The global financial system, tightly wound around the dollar, will be pushed to its breaking point.

This final dollar surge is not a sign of confidence but a desperate grasp for stability as the global financial system completely unravels.

Recognizing the Final Indicators of Systemic Failure

To predict the impending collapse of the global fiat financial system, watch for these ominous signs:

1. Desperate Central Bank Interventions: Large-scale, frequent efforts by central banks to prop up the bond market signal deep-seated instability.

2. US Dollar Scarcity: A sharp increase in demand for US dollars, especially in offshore markets, indicates severe stress.

3. Volatile Currency Movements: Wild fluctuations in exchange rates, with the US dollar soaring against other currencies, reflect panic and instability.

4. Emerging Market Crises: Early liquidity crises in emerging markets can quickly escalate, engulfing major economies and signaling a global meltdown.

As the crisis reaches its zenith, the US dollar will experience a euphoric surge, reaching record-breaking highs.

This final rally is the ultimate warning sign of the fiat financial system’s imminent collapse. When the world fixates on the US dollar as the last bastion of value, the system is on the brink of failure.

The Bottom Line

The collapse of the global fiat financial system is not a question of if, but when. By recognizing the bond market’s instability, central bank interventions, and the US dollar’s historic surge, one can foresee the impending disaster.

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© GCR Real-Time News

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

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

Follow me on Twitter: @Real_AwakeIn3D

News, Rumors and Opinions Thursday AM 5-30-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 30 May 2024

Compiled Thurs. 30 May 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Judy Note: From the below information it appeared that Tiers 1 and 2 have been funded and Bond Holders were set to receive liquidity on Wed. 39 May – the same day regulations for the Global Currency Reset would be finalized. Tier 3 appeared to be under Non Disclosure Agreements so they may have completed appointments and/or have liquidity. Tier4b (Us, the Internet Group) could be notified with exchange appointments set any time from Sat. 1 June to Tues. 4 June, with a final D Day of Thurs. 6 June. The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June, with a back wall date of a Tier4b finish by Thurs. 4 July. It was believed that the GCR would be announced (where Tier 5 the General Public could exchange at the new international currency rates) on Thurs. 4 July.

Tues. 28 May 2024 Wolverine:

Sovereign Bond Holders are getting ready to get notifications and lots happening with Paymasters getting ready.

I have been told Brazil should get liquidity tomorrow Wed. 29 May.

All is in line from Sat. 1 June onward for T3 and T4.

T1 and T2 are completed. This was confirmed with various sources.

I have been told the National Bank of Brazil (from my source on the inside), is that they are about to hopefully release the funds and their liquidity tomorrow Wed. 29 May for the bond holders.

Most of you are currency holders, and what I have been told (I know you guys are frustrated) is that anytime during the week we should get our notifications for currency.

There is a lot of intel I cannot tell you. I have been told not to say anything, but all good news coming in. Hope all I have been told will come to reality. I do not have anymore.

This is all that came through early this morning.

What I have been told is that Brazil will be released first, that is what came out, but cannot confirm, but that is what people say that Brazil will go first. I do not care who goes first, just want it to start.

Take care guys have a beautiful day. Wolverine.

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Wed. 29 May 2024 MarkZ: “I absolutely believe this has started and cannot be stopped. …It’s very quiet still on the Historic Bond side. My European contact who had a meeting yesterday is still MIA. I still go straight to his voicemail. The phone is simply not turned on. I hope that is a very positive thing. I know of three Historic Bond Contacts with appointments today.”

On Wed. 29 May 2024 the MICA (Global Regulations) are done. Then, we begin the process of implementing the QFS. It will not be done in one day, but the process begins. …Goldilocks

Tues. 28 May 2024 Bruce via Sue: Our number one Intel Guy said we could expect midday and early evening for notifications anytime from now to the weekend Sat. 1 June and maybe exchange Thurs. 30 May through the weekend. Another call from a person very high and strategic said to look for the 800s anytime from tomorrow Wed. 29 to Tues. 4 June.

Tues. 28 May 2024 TNT: This morning’s notification still says 99.9%. Be Alert!

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Payout for Tier Groups involved in the RV:

The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RVand Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.

A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!

Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA.

Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.

Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5 The general public who never paid attention to the Intel.

The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.

It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.

Read full post here:  https://dinarchronicles.com/2024/05/30/restored-republic-via-a-gcr-update-as-of-may-30-2024/

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

Militia Man  1320 that's where we're at - the official exchange rate.  If they were to adjust and drop the three zeros, what's that become? 1.32 to the dollar...That transition can happen in a fast and furious manner...The least  amount of shock to the markets that's when it could occur...  

Deepwoodz  Surely everybody that puts just a little bit of thought into this understands that the biggest announcement in Iraqs history will come with all the who’s who, all the wannabe’s, and all the news organizations, celebrations in the street...etc...in one place with horns blaring to make the RI known to the citizens and the rest of us shortly after.

IMPORTANT Iraq Losing Millions Each Month

Edu Matrix:  5-29-2024

IMPORTANT Iraq Losing Millions Each Month - Iraqi Oil Minister call for immediate meeting with KRG and Oil Contractors to resolve the oil export through Turkey's pipeline. Issue that has been going on since March of 2023.

https://www.youtube.com/watch?v=u5C6ttOL-NE

Goldilocks' Comments and Global Economic News Wednesday Evening 5-29-24

Goldilocks' Comments and Global Economic News Wednesday Evening  5-29-24

Good Evening Dinar Recaps,

Commerz Banking Announcement:

"Commerzbank has completed a strategic migration and simplification of its global FX, FX derivatives, equities and commodities activity, streamlining trading and risk in Murex’s integrated MX.3 platform."

MX.3 is a cloud-based solution. It enables public agencies, banks, clearing brokers and other businesses to manage operations in trading, costs, funding, risk management, compliance tracking, and more.

Several banks are making their transition into the new digital economy. This is one of many that are currently involved in making foreign currency exchange possible.  AssetServicingTimes |  Murex News

© Goldilocks

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e-HKD Announcement:

"The Hong Kong Monetary Authority (HKMA) is accelerating its exploration of a central bank digital currency (CBDC) with the launch of the next phase of its e-HKD pilot program. A key area of focus will be the use of e-HKD for mortgage pricing and disbursement, potentially offering benefits for both consumers and banks.

This initiative follows a successful six-month trial that concluded last October, providing valuable insights into potential applications for digital currency. The new phase will involve a deeper dive into the technology, business models, and regulatory frameworks surrounding e-HKD transactions."

This comes at a time when Hong Kong is in process of going through their Inspection of Crypto Platforms’ Offices Licensing process.

June 1st, 2024, is the deadline for applications to be finished and inspections to begin. This process will ensure that new monetary policies and regulations are being followed.  CrypTotimes   Bitcoinist

© Goldilocks

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CBDC Announcement:

"In a vote of 216 - 192, the House of Representatives passed Emmer's bill that would prohibit the Federal Reserve from issuing a surveillance-style central bank digital currency (CBDC) that could give the federal government the ability to monitor and control individual Americans' spending habits."

This new bill is moving through Congress as we speak. It does not mean that Retail CBDC is going away entirely. It just means that the ability to know and interfere with your private affairs through a Central Bank Digital Coin is an issue no one wants to live with going forward.

Project Tourbillon is in the works to produce a form of cash like anonymity for Retail CBDC. The protection of people's identities is currently being tested. There is a question of speed that needs to be resolved along with the above therefore mentioned.

Last Updated on March 21st, 2024.

This is the name for the trial of a prototype Central Bank Digital Currency (CBDC), using technology based on David Chaum's eCash 2.0 design. (See link below)  Emmer House  BIS   Pat Crypt

© Goldilocks

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"Thailand will apply to become a member of the BRICS economic bloc, the government of the Southeast Asian country announced on Tuesday."

To give you an idea how important this move is. Vietnam is the largest trading partner with Thailand at the present time. This could shift when they become a market economy in July adding to the ability to trade with the US as well.

It is just simply important to note that the world Trading Map is changing rapidly. As we have discussed before, 80% Plus trades are done across the waters. This is more than enough of a percentage to change exchange rates on a global scale.

This is also why the World Trade Organization is reconfiguring trade exchange rate percentages and plans on presenting them to us the second half of this year.   BigNewsNetwork   Trade

Watch the water.

© Goldilocks

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Project Tourbillon explores anonymity for digital payments | Youtube

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Semler Scientific unveils strategy for Bitcoin Treasury | Crypto News

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Ripple and Axelar Foundation Partner to Enhance XRP Ledger’s Interoperability Across Blockchains | Axelar 

Ripple and Axelar Foundation are partnering to bring seamless interoperability to the XRP Ledger (XRPL) across a diverse range of blockchain networks. XRPL is a decentralized, layer 1 blockchain with reliability and stability proven for over a decade that is trusted by businesses and builders globally for the efficient tokenization and exchange of crypto-native and real-world assets. This collaboration aims to drive forward a more interconnected blockchain ecosystem, offering developers new opportunities for integration and application development. Axelar’s network will serve as an additional resource to further broaden XRPL's utility and reach.

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Digital Asset Investor | Twitter

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Microsoft introduces Copilot bot for Telegram users; here's how it works - BusinessToday

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READ PDF HERE

BBPA_20240529174000.pdf

Here is the Treasury BuyBacks we talked about yesterday.

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"Master's in Digital Financial Technologies at KSU"

👆 It looks like we are far enough along with understanding the new Financial System that we can now teach a class in it.

Somebody has the full picture, or they would not be able to teach it.  Drive News Letter
Here we go.

© Goldilocks

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IMPORTANT   Iraq Loosing Millions Each Month | Youtube

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European Commission Arm Says Convergence of Blockchain and AI Is ‘Upcoming Trend’ To Watch - The Daily Hodl

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Master of Science in Digital Financial Technologies (Fintech) | Kennesaw State University

Here is another one. Do you see a trend?

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