New BRICS Gold Token: Not a Cryptocurrency, Stablecoin, or CBDC

New BRICS Gold Token: Not a Cryptocurrency, Stablecoin, or CBDC

On June 23, 2024   By Awake-In-3D

Learn why the BRICS UNIT token currency is unlike anything you’ve heard about before.

In This Article

• What is the BRICS UNIT Token?

• Is the BRICS UNIT a Cryptocurrency?

• Is the BRICS UNIT a Stablecoin?

• Is the BRICS UNIT a CBDC?

• What are Blockchain Nodes in the new BRICS UNIT Financial System?

• What is the BRICS UNIT’s Role?

I get it. The revolutionary and groundbreaking makeup of the new BRICS+ gold-backed currency token (the UNIT) and its financial ecosystem is confusing.

This article explains what the UNIT token is, and how it differs from cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs).

What is the BRICS UNIT Token?

The UNIT token is a unique digital asset that is the definition of “real money”.

Combining both a stable store of value without the depreciation of fiat currencies like the US Dollar but also be fungible medium of exchange like a currency.

Unlike traditional cryptocurrencies or stablecoins, the value of the UNIT token is based on a basket of underlying assets, based on a 40% gold component and 60% local currencies component.

This combination gives the UNIT token a stable intrinsic value while being flexible and fungible for everyday transactions.

Is the BRICS UNIT a Cryptocurrency?

Cryptocurrencies, like Bitcoin, derive their value from supply and demand without being backed by physical assets.

The UNIT token, however, derives its value from a mix of gold and local currencies. This basket of assets ensures that the value of the UNIT token is more stable than that of typical cryptocurrencies, making it highly reliable for everyday use.

Is the BRICS UNIT a Stablecoin?

Stablecoins are designed to maintain a fixed value by being pegged to a fiat currency, like the US dollar.

The UNIT token, while also backed by assets, does not have a fixed value. Its value fluctuates based on the total value of its underlying assets and market demand.

This means the UNIT token is not a stablecoin, as it lacks the reverse conversion mechanism that stabilizes a stablecoins’ value.

Is the BRICS UNIT a CBDC?

Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and regulated by the central bank.

The UNIT token, however, operates on a Decentralized Autonomous Organization (DAO) structure, which means it is governed by a community of users (node operators) rather than a central authority.

This decentralized nature differentiates the UNIT token from CBDCs, ensuring it remains an apolitical and globally accessible digital currency.

What are Blockchain Nodes in the new BRICS UNIT Financial System?

In the UNIT ecosystem, individual countries that join the currency and financial network operate their own independent blockchain nodes.

These nodes ensure the decentralized and distributed nature of the UNIT token, enhancing security and reliability. Each participating country maintains control over its node, contributing to the overall resilience and integrity of the UNIT network.

This structure allows for a collaborative yet autonomous participation in the global UNIT financial ecosystem.

What is the BRICS UNIT’s Role?

The UNIT token will function as money, offering a stable medium of exchange, a unit of account, and a store of value. These are the four primary pillars of an ideal economic and financial system offering equality, fairness and prosperity for all participants.

Unlike stablecoins, which are often used as a bridge in transactions, the UNIT token is a final stage currency. It will complement local currencies rather than replace them, providing a more stable and reliable alternative for trade and investment.

The Bottom Line

The UNIT token is a decentralized, asset-backed digital currency offering the benefits of both traditional money and digital assets.

Its unique structure and intrinsic value make it a promising tool for modern financial transactions, standing apart from cryptocurrencies, stablecoins, and CBDCs.

Its operation within a DAO framework and the use of independent blockchain nodes by participating countries ensure it remains decentralized and robust, making it a viable and innovative financial instrument.

Supporting article: https://brics-plus-analytics.org/how-does-the-brics-currency-transform-the-world-economy/

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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

Economist’s “News and Views” Monday 6-24-2024

U.S. Dollar Will Lose its Reserve Status, “We Fumbled this Big Time”: Charles Payne

Daniela Cambone:  6-24-2024

The Fed is on the verge of making a monumental mistake,” warns Charles Payne, host of Fox's "Making Money with Charles Payne.” Speaking with Daniela Cambone, Payne criticizes the Federal Reserve's decision to hold interest rates steady at a 23-year high, arguing it will not benefit the economy.

He also lashes out against the Fed's “data-dependency” approach, questioning, “What data exactly are you looking at? Are you looking at late payments? Are you looking at bankruptcies?”

 On recent reports of Saudi Arabia breaking away from the petrodollar system, Payne acknowledges that de-dollarization is happening.

 "We're not doing the things that come with the sort of fiduciary responsibility of having the world's premier currency," he says.

He also advises people to stay flexible about the city where they buy their first home and to start saving. Watch the insightful interview now to learn more about Payne's views.

CHAPTERS:

 00:00 De-dollarization

 5:48 HSBC statement about the US dollar

7:21 Fed rate cuts

10:58 Job market

13:50 People can’t retire

16:52 Housing purchasing

20:44 Stock market

23:39 Investing in precious metals

24:58 Future of America

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

BRICS' WIN IN ASIA: Malaysia & Thailand Apply to Join, While Japan Is Ditching US Treasuries

Lena Petrova:  6-24-2024

https://www.youtube.com/watch?v=oI4qrr87zN4

US Dollar to Get Re-Priced from ‘Widely Overvalued’ Levels, Massive Impact on Gold, Bitcoin Targets

Kitco News:  6-24-2024

U.S. Treasuries will be dumped as global reserves by 2030 as the U.S. dollar will get re-priced from "widely overvalued" levels, Luke Gromen, founder and president of Forest for the Trees (FFTT), tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

Gromen weighs in on what he sees as the new global reserve asset and what it means for gold and Bitcoin prices.

https://www.youtube.com/watch?v=Vv9DVOhyNhE

Goldilocks' Comments and Global Economic News Monday 6-24-24

Goldilocks' Comments and Global Economic News Monday 6-24-24

Good Evening Dinar Recaps,

CFTC Announcement:

"Washington, D.C. — The Commodity Futures Trading Commission Open Meeting scheduled for Monday, June 24, 2024, has been cancelled. The matters under consideration have been completed through the Commission’s seriatim process."

Let's take a close look at what has been completed.

* "Final capital and financial reporting comparability determinations and orders for certain nonbank swap dealers domiciled in Japan, Mexico, the European Union (limited to France and Germany), and the United Kingdom

* Applications of ForecastEx LLC for Registration as a Derivatives Clearing Organization and a Designated Contract Market"

The first item on the list above that was completed dealt with Cross-Border applications of Swaps Provisions. Capital and Financial reporting is being allowed by non-U.S. swap dealers and market participants (MSPs) that meet agreed upon standards with their home jurisdiction's regulations instead of the CFTC's. You can look at the list above of Nations that qualify.

The reason for the above being so important is because of the following procedures. These swap execution facilities have to be registered to operate as derivatives clearing organization that will allow global access to foreign currency exchanges and other financial instruments of interest.

The final item deals with designating contracts. Designated Contract Markets (DCMs) are exchanges that list trading futures or option contracts that are based on all types of commodities. And this, comes under the Commodities and Futures Trading Commission (CFTC) and their governance.

Compliance Date: Effective July 13, 2023. Derivative Clearing Organizations DCOs must comply by July 12, 2024.  (See Federal Register link below)

The completion of these swap dealer compliance issues in the Forex Market comes at a time when Iraq has just completed their requirements on phase one of their economic reforms. Phase one is a completion of reforms that have now qualified Iraq for international trade.  CFTC  Federal Register

© Goldilocks

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Options Clearing Corporation: Risk Management Transformation | Youtube

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Understanding Treasury Contract Specifications | Youtube

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Central Bank Swap Arrangements, Explained | Youtube

👆  Goldilocks pointed to this article

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Hong Kong invites global opinions on web3 and virtual assets future - StartupNews fyi

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Asset managers update proposals for Ether ETFs, eyeing July launch — Blockchair News

~~~~~~~~~

Commission seeks input from industry on the use of artificial intelligence in finance - European Commission

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The podcast 6/22/24 on Vietnam should get everyone excited about where we are with FACTS. Podcast     Youtube

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Goldilocks' Daily Breakdown Podcast Link

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New BRICS+ Currency Is the Key to Global Financial Prosperity

New BRICS+ Currency Is the Key to Global Financial Prosperity

On June 22, 2024 By Awake-In-3D

Discover how the UNIT Ecosystem’s innovative design will trigger a global currency reset, leveraging 2.5X the purchasing power of its intrinsic gold-backing.

In This Article

1. The Superior Purchasing Power of UNIT-Based Currencies

2. Explaining the UNIT’s 2.5X Purchasing Power Leverage of Gold

3. Mechanisms Behind the Global Currency Reset and Revaluation

4. The Long-Term Impact on Global Trade and Investments

Trust and confidence in traditional G-7 fiat currencies is waning as their purchasing power evaporates into unsustainable debt.

However, the new UNIT ecosystem offers a revolutionary financial system solution with its gold-backed UNIT tokens, providing superior purchasing power, store of value, and stability.

Unlike traditional fiat currencies, UNIT tokens leverage their intrinsic gold collateral, making them a more reliable and economically efficient option for international trade and transactions.

Countries that participate in the UNIT Ecosystem will see their native currencies revalue higher than traditional fiat currencies in terms of purchasing power (exchange rate valuation).

The Superior Purchasing Power of UNIT-Based Currencies

UNIT-based currencies derive their superior purchasing power and stability from their unique design and gold backing. Here are the key reasons why UNIT-based currencies have higher value than traditional G-7 fiat currencies:

1. Gold-Backed Stability: UNIT tokens are anchored to a basket containing 40% gold, providing intrinsic value. This backing ensures that UNIT-based currencies are more stable and less susceptible to inflation and geopolitical risks compared to fiat currencies.

2. Leverage Over Gold Collateral: By minting UNIT tokens with 60% local currencies and 40% gold, the ecosystem offers x2.5 leverage over the gold collateral. This leverage enhances the purchasing power of UNIT tokens, making them more valuable than pure fiat currencies.

3. Reduced Transaction Costs: The UNIT ecosystem reduces the full economic costs associated with cross-border payments in local currencies, which can approach 10%. These costs include commissions, exchange rate differences, and working capital expenses. Lower costs translate to higher effective value for those using UNIT tokens.

4. Economic Benefits for Trade: Importers benefit from reduced transactional costs, while exporters gain from the stability of financial flows. The stability and lower costs of using UNIT tokens in cross-border trade increase their purchasing power compared to traditional fiat currencies.

Explanation of the UNIT’s 2.5x Leverage Over Gold Collateral

The 2.5x leverage over gold collateral in the UNIT ecosystem allows for the creation of UNIT tokens that have greater economic value and purchasing power than the actual gold backing them.

Here’s what the UNIT Token is made up of:

• Gold Collateral: Each UNIT token is backed by a basket that includes 40% gold. This means that for every UNIT token issued, there is a certain amount of gold held as collateral to guarantee the token’s value.

• Leverage Mechanism: By accepting 60% of the value in local currencies from the Global South and 40% in gold, the ecosystem effectively multiplies the value of the gold collateral. For every unit of gold value, the system issues tokens worth 2.5 times that value.

This leverage allows the UNIT ecosystem to create more value from the gold it holds. For instance, if the gold collateral is worth $1 million, the system can issue UNIT tokens valued at $2.5 million.

The leveraged value means that UNIT tokens can facilitate larger transactions and carry greater purchasing power than the actual amount of gold held. This makes UNIT tokens more efficient for use in cross-border trade and other economic activities.

By leveraging the gold collateral, the UNIT ecosystem maximizes the economic utility of the gold, enabling more significant economic activity without requiring equivalent physical gold reserves for every transaction.

Mechanisms Behind the Global Currency Reset and Revaluation

The UNIT ecosystem’s innovative design facilitates a global currency reset and revaluation. Here’s how it works:

1. Gold Collateral: Minting UNIT tokens with local currencies and gold provides a stable, leverage-backed currency for international transactions.

2. Enhanced Value: The intrinsic value from gold backing and reduced transaction costs make UNIT tokens more valuable than traditional fiat currencies.

3. Plug-and-Play Solution: The ecosystem integrates seamlessly with existing financial infrastructure, minimizing complexity and reducing reliance on political or regulatory solutions.

4. Increased Circulation: As UNIT tokens circulate more widely, economies of scale will accrue, enhancing the ecosystem’s attractiveness and further increasing the purchasing power of UNIT-based currencies.

The Long-Term Impact on Global Trade and Investments

The UNIT ecosystem’s stable and apolitical nature, combined with its advanced technological solutions, will foster global economic growth and stability. Here are the expected long-term impacts:

1. Reduced Risk: UNIT’s stable value will lower the risk for all parties involved in trade and capital transactions.

2. Facilitate Development: The ecosystem will support the growth of an indigenous capital base in the Global South, reducing dependence on external sources.

3. Enhanced Balance-of-Payments: The introduction of UNIT for cross-border trade will positively impact the balance-of-payments for the Global South due to its stability and lower transaction costs.

4. Promote Integration: Diverse participants will integrate into the UNIT ecosystem, creating a level playing field and facilitating long-term investment and development.

The Bottom Line

The UNIT ecosystem offers a revolutionary solution to the trust crisis in global finance. By anchoring UNIT tokens to gold and providing a stable, adaptable currency, the ecosystem will spark a global currency reset and revaluation.

This change promises to enhance global trade, reduce economic risks, and promote sustainable development, particularly in non-G7 countries.

Supporting article: https://winepressnews.com/2024/05/20/brics-discusses-accepting-the-unit-a-new-decentralized-monetary-system-backed-by-gold-and-local-currencies/

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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

The US Debt Is Near $1,000,000 Per American: Where the Money Went and Why It Matters to You

The US Debt Is Near $1,000,000 Per American: Where the Money Went and Why It Matters to You

J. Arky   Sat, June 22, 2024  GoBankingRates

America has a problem: We, as a country, are in a massive money hole. It’s one of many issues the nation is currently facing and attempting to figure out a solution forward. While many nations frequently struggle to maintain balance in a financial standing with lenders and other countries, the United States is facing a staggering number of $1,000,000 worth of debt per citizen.

In March 2024, CNBC reported that America’s national debt “…permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months. U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 trillion.”

That is a lot of money and there are not a lot of clear answers as to how to pay it off. Even in an advanced country, which is often seen as the richest and most powerful nation in the world, the path to wiping the slate clean and going back to zero remains murky at best. So where did all this debt come from and how is it going to impact you as a citizen of the United States? GOBankingRates checked in with a few economists to find out.

How Did We Get Here?

“The U.S. national debt reaching nearly $1,000,000 per American can be a startling figure, but it is essential to break down where this debt comes from and its implications,” said Dennis Shirshikov, a finance professor at the City University of New York.

Shirshikov defined the national debt as the total amount of money that the U.S. federal government owes to creditors, which range from financial institutions, private investors and other lenders across international lines.

“It comprises both public debt, owed to foreign and domestic investors, and intragovernmental holdings, such as Social Security and Medicare trust funds,” Shirshikov explained. “The debt has accumulated over decades due to persistent budget deficits, where government expenditures surpass revenues.”

The rise of high-interest consumer credit options played a huge role for the current balance facing Americans, according to Michael Schmied, senior financial analyst at Kredite Schweiz, who specifically highlighted the role of credit cards, personal loans and those tempting buy-now-pay-later offers as contributors to the nation’s debt.

“They make borrowing money way too easy — and often come with sky-high interest rates,” Schmied said. “This combo has led folks to rack up debt faster than they can pay it off, pushing the average debt per person up to almost $1 million.”

Where Did All This Money Go?

To Read More:

https://www.yahoo.com/finance/news/us-debt-near-1-000-190024462.html

“Tidbits From TNT” Monday Morning 6-24-2024

TNT:

Tishwash:  Al-Nujaba: There is no solution to the American presence in Iraq except through “military jihad”

Today , Sunday, Al-Nujaba Movement identified a single solution to end the American presence in Iraq.

The movement stated in a statement received by Al-Youm Al-Akhbariya: “We congratulate the brothers in the Sayyid al-Shuhada Brigades on the rise of the Mujahid Abdullah Razzaq Anoun al-Safi as a martyr following a brutal American attack.”

She continued, "This targeting and previous American terrorist operations confirm, beyond doubt, the validity of what the Al-Nujaba Movement has repeatedly declared, that the presence of these occupying forces is a hostile combat presence whose job is to protect the interests of the American and Zionist occupation."

Al-Nujaba continued her statement: "We affirm the continuation of our jihadist work." Military, which we consider to be the only solution that limits and ends the existence of the occupation.” link

Tishwash:  The President of the Republic calls for amending laws related to investment

The President of the Republic, Abdul Latif Gamal Rashid, called today, Monday, for amending the laws related to investment, while praising the efforts of the Financial Supervision Bureau.

A statement from the Presidency of the Republic, received by Al-Iqtisad News, stated that “President of the Republic, Abdul Latif Jamal Rashid, received today at Al-Salam Palace in Baghdad, the Chairman of the National Investment Authority, Haider Muhammad Makiya,” noting that “during the meeting, the National Authority’s work plans and its investment policy were reviewed.”

The President of the Republic pointed out "the necessity of overcoming obstacles facing investors, as well as supporting Iraqi businessmen and involving them in the investment process."

He explained that "activating investment requires making amendments to some of the applicable laws," stressing his support for "everything that would facilitate and revitalize this vital sector in a way that strengthens the national economy and provides job opportunities."

He stressed "developing communication mechanisms, exchanging experiences and information, and enhancing the process of trade partnerships between Iraq and countries with expertise in this field."

For his part, Makiya stressed the Authority's "keenness to develop the work," reviewing "the investment plans and projects currently in the works, in addition to the future plans drawn up to develop all cities in Iraq and serve their residents."

The statement continued, "The President of the Republic, Abdul Latif Jamal Rashid, also received today at Al-Salam Palace in Baghdad, the head of the Financial Supervision Bureau, Ammar Subhi Khalaf, and during the meeting, the work of the Financial Supervision Bureau was discussed."

The President of the Republic stressed "the importance of the Bureau's work in establishing concepts of integrity and transparency for the work of state institutions," noting "the necessity of continuing efforts to preserve public money and combat administrative and financial corruption."

He pointed out that "promoting the concepts of integrity and anti-corruption helps support the country's development process, enhances investment and supports the private sector, and provides equal opportunities for all," indicating "the importance of strengthening coordination between all regulatory bodies to achieve these goals."

He referred to "the work of the Financial Supervision Bureau in monitoring the performance of state institutions," praising "the efforts made by it in taking care of public money, reducing waste of spending, and monitoring the implementation of development projects in the country."

For his part, Ammar Sobhi Khalaf appreciated the “directives of the President of the Republic,” reviewing the work progress of the Financial Supervision Bureau, the tasks assigned to it, and the plans drawn up to develop the work in the future to achieve the goals set for it.” link

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Tishwash: Warning against trading digital currencies in Iraq

The Securities Commission warned against trading digital currencies in Iraq, noting that there are 9,000 currencies in the world.

Waddah Al-Taha, a member of the Authority’s Council, explained that digital currencies are virtual currencies created by individuals, not an entity authorized by governments, and they are based on unsubstantiated assumptions, whether they are currencies, gold, or other assets.

He added that the existence of digital currencies depends on scarcity, such as Bitcoin, of which there are 21 million pieces, and their acquisition requires solving a puzzle to access them, or using mining or logarithms, and they consume a lot of electrical energy.

Al-Taha pointed out that adopting such assets to exchange goods using cryptocurrencies is a dangerous gesture the more it is adopted, but it has been imposed in one way or another on countries or companies, and is not determined by influential parties, whether the United States, China, or other major economies, noting that it must There should be rules for these currencies, not that the door be wide open for them.

He refused to let Iraq deal in these currencies because they lacked basis for evaluation except supply and demand.  link

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CandyKisses:  Disabling official working hours next Tuesday (Tomorrow) on the occasion of Eid Al-Ghadir

Baghdad - Mil

The State Media Cell announced, on Sunday, the disallation of official working hours next Tuesday on the occasion of Eid Al-Ghader Al-Aghar.

The official media quoted the spokesman for the team, Haider Al-Majeed, followed by "Mil", that "The Prime Minister, Mohammed Shia Al-Sudani, directed during the meeting of the Council of Ministers, in its twenty-fourth regular session, held on 2024/6/10, to disrupt official working hours on Tuesday, corresponding to June 25, 2024, in all ministries and government institutions, coinciding with the day of Ghadeer, based on the provisions of Article (1/I/G) of the Law on Public Holidays (12 of 2024)."

With the launch of the activities of "Al-Ghadeer Week" with the participation of 12 countries, the Iraqi Ministry of Interior confirmed, on Friday, the preparation of a plan to secure the atmosphere of Eid Al-Ghadeer Al-Agar and facilitate the entry and movement of visitors in Najaf and the rest of the governorates.

Last Thursday, the Supreme Committee for the activities of "Ghadeer Week" in Iraq announced the completion of the preparations and preparations for that religious occasion, which was approved on a recent official holiday.

On the 18th day of Dhul-Hijjah according to the Hijri calendar, Shiites celebrate "Eid Al-Ghadir," which is the date on which the Prophet Muhammad delivered the sermon of Ghadeer in the area of "Ghadeer Kham", while returning from his last argument (the farewell pilgrimage), in the tenth year of Hijra, in which his cousin, Imam Ali, was given an imam to Muslims after him.

On May 22, the Iraqi parliament voted on the bill for public holidays, which included the Eid al-Ghadeer holiday.

Mot: ... ssssshhhhhhhhhhhhhhh 

Mot :Getting Serious Now - Got my new workout equipment 

News, Rumors and Opinions Monday AM 6-24-2024

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 Mon. 24 June 2024

Compiled Mon. 24 June 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: On Sat. 22 June 2024 Texas Snake, Wolverine, MarkZ and Tony all reported that this weekend Redemption Center staff were put on a one hour alert for report to their stations in order to schedule Tier4b (Us, the Internet Group) appointments and later, help complete currency exchanges. A HSBC Bank Manager in Australia confirmed the above, saying the one hour alert extended until Thurs. 27 June. Wolverine said the Brazilian channel was adamant that this is our week. A Bond Holder claimed he was promised liquidity by Tues. 25 June. Tony maintained that the Dinar Contract rate was $28.50, though you had to ask for it.

Global Financial Crisis:

The mother of all stock market bubbles is in plain sight. https://x.com/globalmktobserv/status/1804643025328488647?s=46&t=P2Ls81hs8j9RD7M6kNgOvw

Jekyll Island and the Truth Behind the Federal Reserve: https://beforeitsnews.com/economics-and-politics/2024/06/jekyll-island-the-truth-behind-the-federal-reserve-videos-2532166.html

Sun. 23 June 2024 Greg Hunter & Bill Holter: No Way Financial System Survives! – Must Video | Economy | Before It’s News (beforeitsnews.com) 

Financial writer and precious metals broker Bill Holter has been documenting all the un-payable debt that has been building up in the financial system like cancer. The latest black hole of default is coming from a big bank in Japan.

 Norinchukin Bank is selling $63 billion in Treasuries and other sovereign bonds to stay afloat. Then there is recent news announced by the FDIC that 63 US banks (the names are being kept secret) have more than $500 billion in losses, and let’s not forget about the trillions in losses sitting on the books of European banks ready to suck the world into a black debt hole. 

This is just a few of many on a long list of destabilizing problems that can tank the entire over-indebted financial system. Holter warns, “The list is so long, it could be a banking problem. It could be a derivatives problem. It could be a derivatives problem in the stock market, the bond market and you could see a failure to deliver in silver. 

Some type of warfare could crash the system. You could see warfare in Ukraine, Israel or Taiwan. The system is so unstable, at this point, it could be anything that could bring it down. Unpayable debt is not just a US problem. This is all over the world.

 Central banks are having to issue huge amounts of debt because we are in the exponential decay phase. We are exactly where Richard Russell said we would be 20 years ago.  It’s inflate or die, and the only way to inflate is to create more money supply.”

Read full post here:  https://dinarchronicles.com/2024/06/24/restored-republic-via-a-gcr-update-as-of-june-24-2024/

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

Mnt Goat  Article:  "Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil"   ...There it is again in articles.   Do we need the Oil and Gas law referendum passed prior to the Reinstatement?  We were told we do. Let’s see what happens.

6-23-2024   Intel Guru Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
The television is showing the new 35 white paper report from the IBBC is on our de-dollarization...Our country has removed foreign currencies they tell us...De-dollarization has been successful.  We don't use any other currencies except the Iraqi dinar.  They are very pleased with what the Iraqi dinar is about to go through.

MARKETS A LOOK AHEAD: A GREAT FALL...

Greg  Mannarino:  6-23-2024

https://www.youtube.com/watch?v=FSHFdLUBA6I

‘The Collapse Of Our Entire Financial System’: MASSIVE G7 Decision Marks The End

Atlantis Report:  6-23-2024

For many years, the G7 summit has been a symbol of international cooperation, uniting the world's most powerful economies to address important global issues. These annual meetings have allowed leaders to have productive discussions and develop joint strategies, from economic policies to nuclear weapons. However, the recent G7 summit signals a significant shift that will profoundly impact the global financial system.

https://www.youtube.com/watch?v=0z-O9m3ZSSQ

If The Grid Fails, Will Currency Work? | Rafi Farber

If The Grid Fails, Will Currency Work? | Rafi Farber

Liberty and Finance:  6-22-2024

As the war in Israel is getting worse, Rafi Farber discusses how he's preparing. He is now grappling with the risk of the electrical grid failing and social unrest increasing.

While these risks may seem remote to those who live in the U.S., he discusses how these risks are everywhere.

Basic use of credit cards or ATMs could be halted by a grid down scenario.

"This is why I have silver in my house," says Farber.

INTERVIEW TIMELINE:

 0:00 Intro

1:11 Preparedness

6:41 Understanding risks

9:59 Repo market

14:15 Gold open interest

17:32 A currency reset?

21:54 Last thoughts

https://www.youtube.com/watch?v=q3ujrccomQ8

More News, Rumors and Opinions Sunday PM 6-23-2024

No Way Financial System Survives – Bill Holter

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Financial writer and precious metals broker Bill Holter has been documenting all the unpayable debt that has been building up in the financial system like cancer.  The latest black hole of default is coming from a big bank in Japan.  Norinchukin Bank is selling $63 billion in Treasuries and other sovereign bonds to stay afloat. 

Then there is recent news announced by the FDIC that 63 US banks (the names are being kept secret) have more than $500 billion in losses, and let’s not forget about the trillions in losses sitting on the books of European banks ready to suck the world into a black debt hole. 

This is just a few of many on a long list of destabilizing problems that can tank the entire over-indebted financial system. 

Holter warns, “The list is so long, it could be a banking problem.  It could be a derivatives problem.  It could be a derivatives problem in the stock market, the bond market and you could see a failure to deliver in silver. 

Some type of warfare could crash the system.  You could see warfare in Ukraine, Israel or Taiwan. 

The system is so unstable, at this point, it could be anything that could bring it down. 

Unpayable debt is not just a US problem.  This is all over the world. 

Central banks are having to issue huge amounts of debt because we are in the exponential decay phase.  We are exactly where Richard Russell said we would be 20 years ago.  It’s inflate or die, and the only way to inflate is to create more money supply.”

Add to that the $10 trillion in debt the US Government has to roll over by the end of the year.  Meanwhile, the US government piles on $1 trillion in new debt every 100 days.  What could go wrong?

Holter said the last time he was on USAW that there was a little less than a 50% chance we would even have an election.  Now, he predicts it is more likely there will be no 2024 Presidential Election. 

Holter says, “There is no way the system, as it is now, survives.  It’s mathematically impossible.  So, if it is mathematically impossible, are they going to blow smoke . . . up until the day it blows up?  Or are they going to do something to blow it up and then say our programs and policies were working except for XYZ this or whatever. 

They have to kick the table over.  They cannot allow the table to fall over on its own because then there is going to be finger pointing. 

To avoid the finger pointing, they have got to kick the table over.”

Holter also thinks gold is going to exponential numbers to back all the debt the USA has.  If you go with the 8,030 tons of gold the government claims is in Fort Knox, you will need a dollar price of gold at “$125,000 per ounce for 100% gold backing of the dollar.”

Holter also says, “The dollar is being pushed out of the global financial system. . . . Demand for dollars is shrinking at a time when borrowing demand is rising.”  This is a going to be a disaster for America and anyone holding dollars in the future.

In closing, Holter says, “The financial collapse that is coming will be worse than anything we have ever experienced.  This is going to be far worse than the Great Depression simply because society itself is far worse. . . . Back in the Great Depression, you had neighbors helping neighbors.  Today you will have neighbors picking on other neighbors like vultures.”

There is much more in the 51-minute interview.

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter for 6.22.24.

https://rumble.com/v52z8ew-no-way-financial-system-survives-bill-holter.html

https://dinarchronicles.com/2024/06/23/greg-hunter-w-bill-holter-no-way-the-financial-system-survives/

**

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 Sun. 23 June 2024

Compiled Sun. 23 June 2024 12:01 am EST by Judy Byington

Global Financial Collapse Imminent

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for your family and to share with others in case of emergency.

Judy Note: The U.S. Petro Dollar (CIA money that controls Middle East Oil) was finished. The fiat US dollar was near collapse. No major country wanted the U.S. Federal Reserve Dollar for trade. Fake Wall Street financial reports were in limbo. Money was running out across the World as the Deep State money was evaporating inside a massive Black Swan Financial Collapse Event. It’s time for a Global Currency Reset to gold/asset-backed monies.

Wolverine and MarkZ confirmed that bank personnel were on a one hour alert to be called in over the weekend. Tony felt there was a 99% chance Tier4b would be notified this weekend

Sat. 22 June 2024 Wolverine: “Hi Wolverine, I wanted to tell you and others in Australia that my friend here in oz who is a HSBC bank manager just msg me he has been placed on call until 1 hour notice until Thurs. 27 June, I am confident the window for us is about to open, cheers Peter.”

Sat. 22 June 2024 Mike Bara: The “Bondholder” is once again certain he gets paid out on Tuesday 25 June, but he is returning to his city of origin tomorrow. He HAS to be in this location to get his payout. This means the payout COULD come sooner than Tuesday 25 June 2024.

Sat. 22 June 2024: GESARA Redemption Centers Information: GESARA Matrix Revealed as Your Golden Ticket to Instant Millionaire Status! – American Media Group (amg-news.com)

Global Financial Crisis:

Sat. 22 June 2024 Malaysia, which controls 25% of the world’s sea route trade via the Strait of Malacca, announced it is joining BRICS: https://www.newstarget.com/2024-06-21-malaysia-joining-brics-sea-trade-strait-malacca.html

Sat. 22 June Washington DC: The US Treasury Building in DC has been boarded up in boards painted orange.

The U.S. Oil Dollar (CIA money controlling the Middle East oil) was done. The fiat dollar was near collapse and no major country wanted the U.S. Federal Reserve Dollar. The fake Wall Street financial reports were in limbo. Money was running out across the World as the Deep State money was evaporating inside a massive Black Swan Event Financial Collapse.

Read full post here:  https://dinarchronicles.com/2024/06/23/restored-republic-via-a-gcr-update-as-of-june-23-2024/

CBI Begins Second Phase of Reform RE Boom 120 °F and Rate Expectations

Edu Matrix:  6-23-2024

CBI Begins Second Phase of Reform RE Boom Heat and Rate Expectations! CBI Excellent News; RE Boom; 120 °F; Exchange Rate Profit Potential.

https://www.youtube.com/watch?v=wm2iIJH_0-g

Iraq's Central Bank Releases New Reform Strategy

Nader:  6-23-2024

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

Goldilocks' Comments and Global Economic News Sunday Afternoon 6-23-24

Goldilocks' Comments and Global Economic News Sunday Afternoon 6-23-24

Good Evening Dinar Recaps,

From Last Night:

China has been selling their US Treasury Bonds and buying gold to create a diverse net worth of their holdings in gold. It has allowed them to decouple their economy from the dollar and begin a Treasury Bond Market of their own.      

As of May 2024, gold makes up 4.9% of China's foreign exchange reserves. Central Banks have been buying gold at record rates around the world to achieve their Independence and Sovereignty.

The bond market plays an important role in the valuation of financial assets. The utilization of this financial tool will aid the countries who have moved through their Article 4 consultations with the IMF to achieve financial clarity and direction.

China intends to move into their Treasury Bond Market gradually. They intend to use this as a liquidity tool to help manage interest rates and move their monetary system forward through the support of gold as collateral instead of the dollar.

Other countries around the world are in process of doing the same. Over time, we will be witnessing an increase of exchange rates determined by each country's ability to collateralize their newfound level of Independence through gold as it deflates their inflating economies.

It is important for us to watch these new trends as they will create new valuations upon currencies that have been lying dormant for many years. These new local currencies being traded between nations going forward will soon be operating from their own strength and support through gold.  Morning Star Investopedia

Gold will set us free.

© Goldilocks

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"The tokenized US Treasuries market reached an all-time high of 2,143 holders on June 18th, with a 250% year-to-date growth, according to data aggregator RWA.xyz. The Ondo Short-Term US Government Bond Fund (USDY) leads with 1,054 holders and over $218 million in tokenized bonds."

Tokenized US Treasury Market! Do you see it's importance now? And why, Central Banks have been buying so much gold? The Central Banks have been the banks for our banks for a long time, and now, they are about to become our banks through a Digital Network System.

As our bond markets are tokenized, they will be the underlying assets that support the rest of our country's currencies. Because these tokens have gold within there net worth, it will turn our fiat system into a Real World Asset backed by gold utilizing a digital protocol that standardizes each transaction made around the world.

This is the new Gold Standard, of which, we are in process of achieving. It will guide us forward into more and more creative possibilities that are endless in their capacity to achieve abundance we have not seen before.

We are certainly not there yet, and transitions can be hard. But, we are standing at the edge of an opportunity that requires faith, hope, and love for those around us as we journey through this time together.  CryptoBriefing   RWA

The world we have been seeking for so long has just found us, and we are about to step into it.

© Goldilocks

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Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield | Youtube

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Tokenized Municipal Bonds | Andrew Samu | Youtube

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The Swiss National Bank (SNB) has announced that it has become the world’s first central bank to ‘carry out a monetary policy operation in a live production environment’ using distributed-ledger technology’ (DLT).

It made the announcement during a press conference in Zurich (20 June) that led with updates on topics such as inflation and the Swiss economic outlook before focusing on fintech-related innovation – chiefly new ambitions for its wholesale central bank digital currency (CBDC) pilot initiative ‘Project Helvetia’.

The SNB stated that it had successfully issued digital SNB bills on the SIX Digital Exchange (SDX) – the ‘tokenised assets’ platform sibling of the SIX Swiss Exchange, Switzerland’s principal stock exchange – ‘at the beginning of June’. The token-based bills, which had an issuance volume of CHF 64 million (about £56.6m/$71.6m), had a one-week term. Currency Insider  SNB

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China Securities Regulatory Commission

The CSRC will explore the introduction of STAR 50 index futures and options, establish “green channels” for M&A, and optimise market-maker and trading mechanisms, among other measures. | Global Times

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CBI Begins Second Phase of Reform RE Boom 120 °F and Rate Expectations | Youtube

👆  Goldilocks pointed to this article

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Goldilocks Daily Podcast -- Vietnam Hot Topic 06.22.2024 

LISTEN HERE:

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Leave your comments in the Goldilocks Q&A  Link   

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Some “BRICS News” Sunday 6-23-2024

BRICS Currency Unveil in 2024: What Next?

Fastepo:  6-22-2024

The BRICS nations are developing a new currency to reduce global reliance on the US dollar. This effort aims to enhance economic integration, diminish US influence, and offer an alternative for international trade and finance.

In the first week of June, Russian President Vladimir Putin announced this initiative during the St. Petersburg International Economic Forum.

The concept of a BRICS currency gained more attention following the 2008 global financial crisis, which exposed vulnerabilities in the global financial system dominated by the US dollar.

In 2022, during the 14th BRICS Summit, Russian President Vladimir Putin highlighted the need for a new global reserve currency to reduce reliance on the dollar and euro.

 To facilitate cross-border transactions among member states, the BRICS Pay system was introduced.

 It leverages digital technologies and blockchain to provide a secure, transparent, and efficient payment platform.

This system is seen as a precursor to a more unified BRICS currency.

In 2024, BRICS nations announced plans to create a digital currency payment system, leveraging blockchain technology to enhance financial integration and reduce reliance on Western financial systems like SWIFT.

https://www.youtube.com/watch?v=0XI0xyQVcRk

Malaysia Just Changed the Future of Asia with THIS One Move!

Cyrus Jenssen:  6-23-2024

Malaysia is moving forward and will be joining BRICS later this year! This is massive news for the BRICS alliance as Thailand has also announced similar intentions. Malaysia and Thailand joining BRICS is huge news and no one is more excited about this than China who depends on the Strait of Malacca for its oil imports.

Malaysia is joining BRICS to help boost it's local currency as the BRICS organization will be launching a new currency trading platform later this year! Let's break it down in today's video

0:00 - Intro to Malaysia Joining BRICS

 1:16 - Why the Strait of Malacca is so Important

3:25 - China's Backup Plan

4:20 - How China Built It's Reputation in Asia

 5:55 - Why Malaysia is China's Best Friend in Asia

6:55 - Why the World Wants to Move Away from US Dollar

 8:30 - Why Turkey Will Join BRICS

9:05 - How Joining BRICS Will Help Malaysia

https://www.youtube.com/watch?v=WJ8WgPoMYDw

How BRICS Nations Are Overcoming Western Bias in University Rankings

Think BRICS: 6-22-2024

Discover how BRICS nations are overcoming Western bias in university rankings through innovative strategies and cooperation. Education, economic growth, and global competitiveness are at the forefront of this transformation.

This video explores how BRICS countries, under Russia's presidency, are enhancing education standards, establishing the BRICS Network University, and promoting eco-climatic literacy.

Learn about the significant efforts in higher education, such as the BRICS International Olympiad and the development of an alternative university ranking system. Key figures like Viktor Sadovnichy and institutions like Moscow State University are leading the charge for a fairer, more comprehensive evaluation of global education standards.

The video delves into the impact of Xi Jinping's policies on Chinese universities and the ongoing efforts to strengthen academic cooperation among BRICS countries.

 Highlighting major events such as the BRICS Summit and the BRICS Rectors' Forum, it underscores the importance of policy change, mutual recognition of qualifications, and collaborative research.

This holistic approach aims to create a skilled human capital base crucial for economic growth and social equity. With a focus on shared prosperity, the video illustrates how BRICS nations are setting new benchmarks in global education.

00:00 Introduction to Education's Economic Impact

 00:33 The Importance of Education in BRICS Countries

00:44 BRICS Education Initiatives Under Russia's Presidency

01:52 BRICS Network University Project

02:09 Mutual Recognition of Qualifications

 02:15 Environmental and Cultural Initiatives

02:38 BRICS International Olympiad and University Rankings

03:19 Challenges in Global University Rankings

 04:50 Alternative University Ranking Systems

05:47 Impact of Geopolitics on Education

07:20 China's Shift in University Rankings

09:01 BRICS Unified Regulatory Framework

09:45 BRICS Science Academies Meeting

10:39 International Scientific Collaboration

11:34 Successful Educational Cooperation

 12:42 The Role of Education in Economic Growth

13:14 Conclusion and Final Thoughts

https://www.youtube.com/watch?v=wyIcw1RGoSw