News, Rumors and Opinions Friday AM 6-28-2024

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. 28 June 2024

Compiled Fri. 28 June 2024 12:01 am EST by Judy Byington

(Rumors/Opinions)

Judy Note: From the information herein it’s assumed that matters regarding the Global Currency Reset and changeover to Restored Republics of the World is imminent.

The Military was waiting on the World Court for legalities according to Common Law, to be finalized between nations.

Everything has been completed for NESARA/GESARA payouts including GESARA being announced through certain media, making it legal.

All debts of various nations including the US, have been settled using GESARA funds collected from the Cabal. GESARA has begun paying out in several countries, with the US payouts to citizens scheduled.

Payouts for the Global Currency Reset has been authorized, scheduled and reported.

Word was that right now some Tier 3 Zim Holders were in Reno meeting with their Wealth Managers and proceeding with the redemption process. The Pentecostal Group has already started to pay out their Group One.

On Thurs. 27 June the new Iraqi Dinar rate was available to citizens of Iraq through their debit cards and ATMs.

Iraq has scheduled an announcement of their new Dinar Rate by publication in their Gazette on Sat. 29 June, with the celebration scheduled for Sun. 30 June.

Very soon Tier4b was expected to begin exchanges in China, the process going across Asia and into Europe and then to the US.

The Pentecostal group will begin to pay out their Group Two on Thurs. 4 July – the same day the US will be celebrating Independence Day with major announcements expected.

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Global Currency Reset and NESARA/GESARA:

Thurs. 27 June 2024 Bruce:

• All of my information tonight is coming from Iraq.

• Today one of our sources was at the Iraqi Airport in Baghdad and was able to use his Iraqi debit card to access funds. For him to do that he had to have the new Iraqi Dinar Rate.

• Today a source in Iraq said we would have the Iraqi Budget in the Gazette over this weekend.

• My sources say Tier 4b notification could come the last three days of this month – Fri, Sat or Sun. 28, 29, 30 June.

• Iraq was planning on celebrating their new Iraqi Dinar Rate on Sun. 30 June

• The contract rate on the Dinar went up another dollar today. They will give that rate to you if you are a US citizen.

• We don’t know when this is going to go. My Iraqi contact said our time was coming in a matter of days.

Thurs. 27 June 2024 MarkZ: The new Iraqi Dinar Rate was not in the Wed. Gazette, but they did fully expect their new rate in the month of June. The country cannot function too long with the ATMs loaded with the new gold-backed Dinar Note. Banking contacts say it will happen sometime between July 4-8, while outsiders were saying July 12-13.

Thurs. 27 June 2024 Wolverine:

• My contact in Brazil just called and said “We won. We won. They have stated paying out.”

• No one really knows when the RV is going to hit. It will come as a thief in the night.

• The people that I have spoken to are people that have high level contacts and they are not gurus or messengers.

• I received an audio from a friend which was a conversation of the paymaster and him and telling when his money is going to be deposited and how many dollars (which is a lot of zeros). That was real not a made up stories.

• Looks like things have started and/or ready to go.

• I received great news regarding Asia and the Philippines which will be going soon. All good news from Asia.

• I also have great news from my source in Brazil: “Good information – and the people in Brazil have indicated to you officially, by part of the table, they were notified that everything is as scheduled and everything reported has already been authorized.” Also, some people in Brazil are going around with Bibles and thanking God for everything. People are getting very emotional, and people are being told to remain grounded. So, emotions are high quite down there!

• I should receive Intel coming from Reno and hopefully get the news I have waited for. My associate has spoken to my Whale and said we are now closer than ever! He is waiting to get notified and waiting to go to Reno or whatever table he belongs to.

• We will get notified, hopefully, any day right now. We have been told that before the end of the month we will be able to hopefully celebrate.

• We heard from TNT saying that by Sunday we will celebrate, and all is lining up with Iraq.

• All this has been very hard and draining on me Thank you for all your support. One of the toughest roles I have ever done. I have been involved in many things prior to the internet, but when the internet came through the attacks started. I was confronted with unrelenting things I had never encountered before, and to think I was not even a leader. When I embarked on this spiritual journey, I never thought these things would occur as we are here to help humanity, not here just for ourselves, but to help our fellow man. Things from all fronts saying it is happening.

• My friend called, and it was an incredible emotional call, and he is getting really excited.

• I am sure this news I have given you will lift your spirits, and hopefully in a few hours, I will get some news from Reno, and if it is the news I am waiting for, then we will have an emergency live call and we will get Carpathia to talk with us.

• The Pentecostal group came out and it looks they have actually started to pay out Group One.

• The owner came out with a post saying they are going to start paying the Second Group by the 4th of July.

• Maybe Bruce got it right this time, as the notifications may come today, so keep an eye on your emails as they may pop up! Have a beautiful day, Wolverine

Global Financial Crisis:

• Thurs. 27 June 2024: BOOOM!!! US Debt Clock: The Dawn of the US Treasury Dollar: A Bankless Revolution in Finance (Must See Video) – American Media Group (amg-news.com)

• Thurs. 27 June 2024: BOOOM!!! Everything Is Related: GESARA, QFS, GCR/RV, ISO 20022, BASEL III, Protocol QFS 20, and DINAR are Components of the New Financial System! – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/06/28/restored-republic-via-a-gcr-update-as-of-june-28-2024/

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

Frank26   What sense would it make for Iraq to join, at a program rate, the WTO?  It makes no sense.  The Vietnamese dong it's in the WTO but...they are totally different.  They deal with China and they have undervalued currency.   Vietnam is a totally different scenario.  Going into the WTO at a program rate is ridiculous...Everything is waiting for the new exchange rate so everything will make sense...

Militia Man  Iraq's working party on the accession of Iraq [to WTO] is July 18th 10:00am. I think we're waiting for a precursor to that.  But...obviously they're going to have accession.  When that exactly happens, on what day, is to be determined.  They have things that have to happen prior to that.

Why A "CREDIT FREEZE/COMPLETE LOCK-UP" Of The System MAY NOT BE TOO FAR OFF.

Greg Mannarino:  6-27-2024

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

There Are Multiple Banking Crises Happening RIGHT NOW…

Lynette Zang:  6-27-2024

Today's video we are discussing the multiple banking crises that are happening right now, right under our noses and the effect it has on your money...

https://www.youtube.com/watch?v=A9ifrOOZDdg

“Tidbits From TNT” Friday Morning 6-28-2024

TNT:

Tishwash:  Iraq secures its borders with more than 950 thermal cameras

Today, Thursday, the Ministry of Interior announced the deployment of more than 950 thermal cameras on the Iraqi border.

The spokesman for the Ministry and the Security Media Cell, Brigadier General Muqdad Miri, said in a statement received by the “Eshan” platform: “We have reached more than (950) thermal cameras on the Iraqi borders with neighboring countries during the past two years.”

He added, “This number of cameras came after only 200 were installed over the past years.” link

Tishwash:  Iraq signs a contract with Saudi Arabia to build a submarine cable to increase internet capacity

The Iraqi Ministry of Communications signed a contract for the submarine cable construction project with the Saudi Telecom Company with the aim of increasing internet capacity in Iraq.

Iraqi Minister of Communications Hiyam Al-Yasiri stated that this contract is the third of its kind signed by the current Iraqi government.

She said in a press conference following the signing, "After signing this contract, the landing procedures will begin, which include surveying the site for water and moving the necessary ships for that, and then landing the cable at the Al-Faw station to be used in marketing internet capacities and increasing the internet capacities entering Iraq."

Omar Al-Amiri, Director General of the Department of Relations and Media at the Iraqi Ministry of Communications, said, “Many international companies will pass their capacities through submarine and land optical cables, and this will help facilitate the movement of international communications and will link the countries of Africa and Asia to Europe via Iraq.”

He stressed that such projects will have a "positive economic impact on Iraq by activating and investing in its geographical location."

For his part, Ali Yassin, Director General of the Iraqi General Company for Communications and Information Technology, explained that “the To Africa submarine cable is one of the most important strategic submarine cables that passes through more than 33 countries.”

He added that Iraq's joining this path will help increase Internet capacities.

The Iraqi Ministry of Communications stated that the new submarine cable project strengthens Iraq's geographical position and consolidates its success in international communications (transit) called (the Road of Civilizations), noting that the rate of international communications passing through Iraq has increased to more than (one terabyte) during the past two months.  link

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Tishwash:  “National Bank violations” place the governor of the Central Bank before parliamentary accountability

MP Alia Nassif directed a parliamentary question to the Governor of the Central Bank of Iraq regarding the preparation of non-Iraqi employees and managers and their salaries working in the National Bank.

She called in a tweet she published on her account on the X platform, which the “Iraq Observer” agency viewed, which stated: Based on Article 61/Seventh of the Constitution and Article 29 of the Law of the Council of Representatives and its formations and Articles “50, 51, 53” of the internal regulations of the Council of Representatives, to inform Parliament of the legal basis for the National Bank’s violation of Iraqi laws, the Central Bank, the Banking Law and the instructions of the Central Bank.

She pointed out the reasons for not declaring the actual salaries of the National Bank employees to the Social Security Department, especially non-Iraqis, due to the receipt of information about tax evasion and informing Parliament of the procedures.

Earlier, Representative for the State of Law, Alia Nassif, revealed that the National Bank of Iraq controls 33% of dollar sales in Iraq, confirming that this bank is 77% owned by non-Iraqis.

Nassif said in a tweet on the #Iraq."

Nassif added: “In 2023, this bank bought $10.8 billion from the currency sales window. The volume of dollars sold from the currency sales window for the year 2023 amounted to $33.4 billion, according to data from the Central Bank of Iraq. The National Bank’s dollar purchase rate is 33% of the total sales of the foreign currency window.”

Nassif asked: “Who is responsible for this financial disaster?”

The book addressed to the governor   link

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Tishwash:  Construction of a modern bank in Sidekan at a cost of 1.4 billion dinars

As part of the Kurdistan Regional Government's efforts to improve and develop the banking system, the establishment of an advanced bank in the Sidekan area within the boundaries of the Soran Independent Administration is scheduled to be completed in the near future, to facilitate the completion of citizens' transactions.

The mayor of Sidekan district, Ihsan Chalabi, said in a statement to the Information Department in the regional government that "the process of establishing the modern Sidekan Bank is underway at a cost of 1.4 billion dinars, knowing that the completion rate has reached 95%," noting that "the establishment of this bank will contribute to strengthening the banking system in the region."

"The completion of the bank will provide a great service to the citizens of the judiciary and will save them a lot of time and expenses," he added.

A number of residents of the district confirmed that the bank "will be very useful because it will save them a lot of effort and time during their reviews of government departments and institutions in the cities of Soran and Erbil."

It should be noted that the Kurdistan Regional Government has taken important steps in the field of salary distribution and digitization of the banking system as by 2025, one million people will have their own bank accounts.  link

Mot: ... What Day is Today 

Mot:  . Amazing just how Insightful ole ""Earl"" can beeeee 

Global Economic News from the Seeds of Wisdom Team Newshounds Thursday Evening 6-27-24

Global Economic News from the Seeds of Wisdom Team Newshounds Thursday Evening 6-27-24

Good Evening Dinar Recaps,

"UAE: New guidelines for public-private partnerships, Sandbox Conditions regulation

The PPP Manual and the Sandbox Conditions regulation are crucial steps in the UAE’s strategy to build the country’s business ecosystem

The UAE’s Ministry of Finance announced the approval of the Public-Private Partnership (PPP) manual by the UAE Cabinet.

This manual is designed to foster a robust framework for federal government entities to efficiently execute developmental and strategic projects, leveraging the financial, administrative, and technological prowess of the private sector, reported state news agency WAM.

The PPP Manual aims to motivate private sector participation in national projects, enhancing societal and economic benefits.

It outlines procedures for designing, planning, and implementing projects, ensuring transparency and accountability between federal entities and private sector partners."

© Newshounds News™

Read more:  Gulf Business

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"HSBC chooses UAE to debut its global trading platform

HSBC said its WorldTrader platform connects to 77 exchanges across 25 markets

HSBC has selected the UAE as the inaugural market for its new digital trading platform, WorldTrader.

This platform provides HSBC Wealth and Personal Banking (WPB) customers with access to a vast range of investment options, covering up to 80 per cent of global stock market capitalisation.

Through WorldTrader, users can trade equities, exchange-traded funds (ETFs), and bonds, as well as invest in mutual funds and fixed-income products, said the release announcement.

HSBC WorldTrader

WorldTrader connects to 77 exchanges across 25 markets, catering to the growing demand for international investments."

© Newshounds News™

Read more:  Gulf Business 

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"Money and Payments: The U.S. Dollar in the Age of Digital Transformation

This paper examines the pros and cons of a potential U.S. central bank digital currency, or CBDC, and is the first step in a discussion of whether and how a CBDC could improve the safe and efficient domestic payments system. Money and Payments: The U.S. Dollar in the Age of Digital Transformation (PDF) invites comment from the public. Importantly, the paper does not favor any policy outcome.

The paper summarizes the current state of the domestic payments system and discusses the different types of digital payment methods and assets that have emerged in recent years, including stablecoins and other cryptocurrencies. It concludes by examining the potential benefits and risks of a CBDC, and identifies specific policy considerations."

© Newshounds News™

Read more:  Federal Reserve

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"Bitwise CIO Says Spot Ethereum ETFs To Attract $15,000,000,000 in First 18 Months – Here’s Why

“Everyone wants to know how much spot ether exchange-traded products (ETPs) will attract in net flows. My answer: $15 billion in their first 18 months.”

Hougan says his estimate is based on ETH’s market capitalization relative to Bitcoin’s, how similar products have performed in other markets such as the UK and Canada and the impact of the carry trade strategy."

© Newshounds News™

Read more:  DailyHodl  

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"Gary Gensler Provides Ethereum ETF Update While Slamming ‘Highly Centralized’ Crypto Industry

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the approval process for spot market Ethereum (ETH) exchange-traded funds (ETFs) is “going smoothly.”

In a new interview at the Bloomberg Invest Summit in New York, Gensler indicates that the SEC will give final approval to the ETH ETF applications, but stops short of giving a timeline.

He says that the agency’s staff is working through the particulars of required registration and disclosure statements for the ETH ETFs.

“I don’t know the timing, but it’s going smoothly. You can almost follow it publicly. You see these filings…""

© Newshounds News™

Read more:  DailyHodl 

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"How Vulnerable Are Our Digital Systems?

The problem is that the technological revolution as we fashioned it 30 years ago gradually evolved in an ever more centralized way, wholly dependent on a weak and old-fashioned electrical grid of networks without much duplication or backstopping. The software too has become centralized for each industrial purpose. If one thing goes wrong in any system with a single point of failure, the whole comes to a grinding halt.

It’s amazing to consider that the old analogue world that lasted from the ancient world until the 21st century did not have this problem. It was more durable, physically anchored, fixable by human hands, comprehensible, and manageable. The move to digital everything introduced a fragility to the whole that we are only now discovering.

This is not only a problem for whole industries. It affects individuals too. "

© Newshounds News™

Read more:   ZeroHedge

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"China’s Missing Gold Reserves: Unveiling the Mystery

A recent report from a Singapore-based newspaper stirs fresh speculation regarding China’s gold stockpile, suggesting it may be significantly larger than officially reported. This revelation comes from economist Chen Long, who identified a substantial discrepancy when he compared China's total gold holdings—encompassing retail buyers, regional banks, and the People’s Bank of China—with the country’s gold import and production figures.

The Four-Figure Discrepancy
Chen Long’s analysis uncovered a striking four-figure gap in China's gold reserves. The reported holdings, when combined from various sources, do not align with the impressive numbers seen in import and production data. This raises an important question: where is the missing gold?"

© Newshounds News™

Read more:  ZeroHedge  

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Newshound's Daily Breakdown Podcast for June 27, 2024

MP3 Here

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Thursday PM 6-27-2024

Thoughts From Holly: 6-27-2024

Hi everyone, I haven’t done a post about the RV in so long because it’s been wash, rinse, repeat forever..

I hear all the chatter that everybody hears but until I know that the codes have been entered all the chatter is the same that it’s always been and it’s no use reporting on that.

A friend of mine said you’ve been quiet for so long people have  forgotten about you ha ha.  What can I tell you because I know many are losing hope as this drags on. 

1.  based on Iraq’s progress things are definitely on track to being done. 

2.  based on the global situation, it’s heightened to a level that we are seeing the destruction of the old guard. 

3.  there is so much mis-direction. Mis-‘information at a very fast pace that it’s very confusing. 

Holly Cont…….

4. they will never ever tell us what they are going to do, when they’re going to do it, or how they’re going to do it. 

5. All we can do is sit back and wait for this to happen and live your life until it does. 

6. This is the most important, don’t stop living your life till this happens. Continue living your life. 

7. I see a culmination of this sometime this summer and it could go now or it could be later, no one and I mean no one will know when.

8. We are definitely in the end time of all of this.

-Holly

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

Frank26   Question   "What does the 'coming period' mean in Iraq time?"  It means in the near proximal future.  It means within arms reach.  It means it's already happened...or they never would have telegraphed it the way they're doing now.  That's just the way the Middle East is.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
How can Sudani say again today the dinar is worth more than the dollar, yet it's still 1320?  My bank guys says, simple.  All these contracts and agreements with other countries is with dinar at a new rate which they are operating it without nobody else's knowledge...it has to be that, no other explanation. 

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TNT:

Tishwash:  The President of the Republic approves the 2024 budget schedules

Today, Thursday, President Abdul Latif Rashid ratified several laws, including the 2024 budget schedules.

The Presidency of the Republic stated in a statement received by {Al-Furat News}, that “The President of the Republic, Abdul Latif Rashid, ratified a number of draft laws, which are the schedules of the Federal Budget Law for the year 2024, the first amendment to the law against prostitution and homosexuality, and the law extending the work of the Independent High Electoral Commission.”

And the first amendment law to the law regulating the rent of agricultural lands and ownership of the right to dispose of them for agricultural and veterinary graduates.”

She added, "The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqa'i to enter into force."

The Presidency of the Republic confirmed that it is “moving forward in supporting legislation and laws that are in the interest of the country and citizens, by approving the laws approved by the House of Representatives, as well as by submitting draft laws by the Presidency of the Republic to the House of Representatives for the purpose of discussing and approving them.”

 link

A different version

 Today, Thursday, President Abdel Latif Gamal Rasheed approved a number of laws, including the 2024 budget schedules.

The Presidency’s Media Department said in a statement received by Al Sa’a, “The President of the Republic ratified a number of draft laws, which are the schedules of the Federal Budget Law for the year 2024, the first amendment to the law against prostitution and homosexuality, the law extending the work of the Independent High Electoral Commission, and the amendment law.” The first is a law regulating the rental of agricultural lands and granting the right to dispose of them for agricultural and veterinary graduates.”

She added, "The laws were sent after their approval by the President of the Republic for publication in the Iraqi newspaper Al-Waqae' to enter into force."

On the 14th of this month, the House of Representatives sent the decision to approve the 2024 budget schedules to the Presidency of the Republic for approval.

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The Stock Market WILL CRASH 80% OR MORE. Extreme Distortions. IMPORTANT UPDATES.

Greg Mannarino:  6-27-2024

https://www.youtube.com/watch?v=hbOllNxi4xg

FIVE STAGES of Denial During Economic Collapse

Taylor Kenney:  6-27-2024

Taylor Kenney uncovers The 5 Stages Of Denial that people face during an economic collapse, inspired by Brandon Smith's insightful article. Learn why mainstream experts often overlook critical warning signs and how you can stay ahead of the curve.

 This engaging discussion not only breaks down the psychological barriers to accepting financial reality but also empowers you with the knowledge to safeguard your future.

Thank you, Brandon Smith from Alt-Market.us, for allowing us to use this article to create this video. You can find the original article here: https://alt-market.us/the-five-stages...

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

Global Economic News from the Seeds of Wisdom Team Newshounds Thursday Afternoon 6-27-24

Global Economic News from the Seeds of Wisdom Team Newshounds Thursday Afternoon 6-27-24

Good Afternoon Dinar Recaps,

WEF regards Việt Nam as a model of robust developing economy

"They view Vietnam as a model of a robust developing economy that effectively leverages the opportunities of the Fourth Industrial Revolution."

"Both sides were pleased with the significant developments in the cooperation between Vietnam and the WEF in recent times, especially the signing of the Memorandum of Understanding (MOU) for the 2023-26 period last year at the WEF's summer meeting in Tianjin, China."

They were also extended a formal invitation to attend the WEF annual meeting in Davos 2025.

Read more:  Vietnam News

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"UAE: Gold prices in Dubai recover in early trade after plunging Dh2.5 per gram

Globally, gold was steady at $2,299 per ounce at 9.10 am UAE time, trading at nearly a two-week low, due to a stronger US dollar and higher bond yields."

© Newshounds News™

Read more:   Khaleej Times

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"Strengthen Central Bank Independence to Protect the World Economy  

Independence is critical to winning the fight against inflation and achieving stable long-term economic growth, but policymakers risk facing pressure amid a wave of elections this year.

To strengthen this work, we introduced a new way to measure independence based on which aspects of it matter most, according to our recent survey of central banks.

And to increase accountability, we have developed a transparency code that helps central banks assess and improve their practices."

© Newshounds News™

Read more:  IMF

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"IRAQ AND CHINA STRENGTHEN TIES WITH MAJOR DEVELOPMENT INITIATIVE"

"Iraq's 17 billion Strategic Development Road (SDR) will create a transport corridor from Basra to Europe, linking China's Belt and Road Initiative (BRI)."

We're seeing more countries choosing to invest in Iraq as they develop into a recognized market economy.

© Newshounds News™

Read more:  Oil Price

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"Digital euro would maintain freedom to choose how Europeans pay - ECB

With Europe inching towards the issuance of a digital euro, the ECB has embarked on a charm offensive, taking to media outlets across the continent to reassure citizens that the new payments option will compliment, not replace, cash and provide them with greater freedom of choice.

While a final decision on issuing a digital euro has yet to be made, the ECB last year moved onto a two year preparation phase ahead of any launch, which would come in 2026 at the earliest.

In an article published in a host of publications, executive board member Piero Cipollone makes the case for a digital euro, noting that "we do not yet have a cash equivalent for making digital payments, which limits our freedom in an increasingly digital age"."

© Newshounds News™

Read more:  FinExtra 

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"Central banks must raise game in face of AI - BIS

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

AI will have a transformative effect on the financial system, labour markets, productivity and economic growth, says the BIS in a new report which warns that widespread adoption could have repercussions for inflation dynamics.

"The rapid and widespread adoption of AI implies that there is an urgent need for central banks to raise their game," says the BIS. "Central banks need to upgrade their capabilities both as informed observers of the effects of technological advancements as well as users of the technology itself."

*************

As a user of the technology, central banks can boost nowcasting by using real-time data to better predict inflation and other economic variables and to sift through data for financial system vulnerabilities, allowing authorities to better manage risks."

© Newshounds News™

Read more: FinExtra 

~~~~~~~~~

"Chase is the first bank in all lower 48 US states, what next?

Andrea Principe, managing director – Northeast division director – consumer banking, Chase, took to the stage at Future Branches in Boston to explore how while the banking industry faces challenges in sustaining core deposits, deepening customer trust, and building relationships, it is important to learn from failures, reengage with customers, and provide exceptional in-person experiences.

Across the US and worldwide, there is a need to balance technology and human connection in branch banking, and adapt branch networks to cater to various customer segments. Additionally, banks’ community development initiatives should be bolstered to build trust and offer financial support to underserved communities.

Chase's branch strategy, focusing on client relationships and digital investments."

© Newshounds News™

Read more: FinExtra  

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Japanese Yen Meltdown Sparks Financial Panic: Awake-In-3D

Today’s Japanese Yen Meltdown Sparks Financial Panic

On June 26, 2024  By Awake-In-3D

Global Markets in Turmoil as Yen Crashes to Historic Level Against the US Dollar

In This Article:

1. Japan Government Prepares for Massive Yen Intervention

2. Impact on Gold, Oil, and Bond Markets

3. Concerns Over Global Financial Contagion

4. Expert Opinions on the Yen’s Future

The Japanese yen has tumbled to its weakest value since 1986 following comments from Japan’s Vice Finance Minister Masato Kanda. This historic decline comes despite government recent efforts to stabilize the currency, raising concerns about a global financial contagion.

Japan Government Prepares Massive Intervention

Vice Finance Minister Masato Kanda expressed serious concern over the yen’s rapid depreciation, labeling the moves as “one-sided.”

He reassured the public that the government is closely monitoring the market with a high sense of urgency.

Kanda emphasized that all necessary actions would be taken against any excessive movements, though he refrained from commenting on whether the current situation qualified as excessive.

Earlier statements by Kanda indicated that Japanese authorities were ready to intervene in the currency markets at any time. Finance Minister Shunichi Suzuki echoed this sentiment, stating that all possible measures would be taken to manage market developments.

Despite these reassurances, the yen’s value continued to slide, prompting further market volatility.

Pic 2

Yen Plummets to Historic Level Today: Rising Above 160 Yen to the US Dollar

Impact on Gold, Oil, and Bond Markets

The yen’s depreciation against the dollar creating a cascading effect on various markets today.

The stronger dollar has triggered significant selling in gold, oil, and treasury bonds. Investors are reacting to the uncertainty and potential for further market disruptions, resulting in increased volatility across global financial markets.

Gold, traditionally seen as a safe-haven asset, saw its value drop as the dollar strengthened.

Similarly, oil prices were impacted, with fears of a broader economic slowdown weighing on demand.

The bond market also experienced turbulence, with Japanese interventions reportedly funded through the sale of US treasuries.

Concerns Over Global Financial Contagion

The continued weakening of the yen has sparked fears of a broader global financial contagion.

Japan’s extensive, but unsuccessful interventions in the currency market have raised eyebrows internationally, particularly in the US.

The US Treasury Department recently added Japan to its “monitoring list” for foreign-exchange practices, reflecting growing concern over the potential impacts of Japan’s actions on global markets.

Experts worry that a collapse of the yen could trigger a domino effect, destabilizing other currencies and markets worldwide.

The inter-connected nature of global finance means that significant movements in one major currency can have far-reaching consequences, including leading to a global financial crisis.

Expert Opinions on the Yen’s Future

Market analysts are divided on the yen’s future trajectory. Some suggest that Japanese authorities might intervene if the yen’s value exceeds 160 against the dollar. While others suggest that authorities might wait for even more volatility before stepping in again.

Despite these differing views, the consensus remains that the yen’s path forward is fraught with uncertainty.

The government’s current measures appear woefully insufficient to stem the tide, and further much more drastic interventions will be necessary to prevent a complete collapse of the Yen.

The Bottom Line

The yen’s decline to its weakest level since 1986 has set off alarm bells in global markets. Despite reassurances from Japanese officials, the currency’s rapid depreciation has highlighted the limitations of government interventions.

As fears of a global financial contagion grow, the yen’s future remains uncertain, with increasing ramifications for markets and economies worldwide.

Contributing article: https://www.zerohedge.com/markets/yen-tumbles-1986-lows-after-japanese-currency-chief-comments-gold-oil-bonds-dump

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© GCR Real-Time News

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Pope Calls for New Financial System and Debt Jubilee: Supports BRICS Gold-Backed Currencies

Pope Calls for New Financial System and Debt Jubilee: Supports BRICS Gold-Backed Currencies

On June 26, 2024  By Awake-In-3D

Pope Francis Aligns with BRICS+ in Bold Financial Reform Proposal

In This Article

• Pope Francis’ urgent appeal to global finance ministers and economists

• The need for a new international financial architecture

• The 2025 Jubilee Year as a catalyst for debt relief

• Insights on the pope’s economic perspective

As the global fiat currency debt system faces undeniable collapse, Pope Francis has made a powerful appeal supporting international mechanisms for debt relief ahead of the Vatican’s 2025 Jubilee Year.

He lamented that poorly managed globalization has deprived millions of a dignified future.

In order to try to break the debt-financing cycle, it is necessary to create a multinational mechanism, based on the solidarity and harmony of peoples, that takes into account the global nature of the problem and its economic, financial and social implications.
Pope Francis, June 5th 2024

“We find ourselves facing a debt crisis that mainly affects the countries of the south of the world, generating misery and anguish, and depriving millions of people of the possibility of a dignified future,” said Francis on June 5. “Consequently, no government can morally demand that its people suffer deprivations incompatible with human dignity.”

The pope called for a new international financial architecture to break the financial-debt cycle that has contributed to a current global debt now estimated at $313 trillion.

He is likely referring to and putting his support behind the ongoing BRICS+ development of a new gold-backed currency and financial system when he speaks of the “Global South.”

Pope Francis’ Call to Action

Francis’ remarks were delivered during a meeting with participants in the “Addressing the Debt Crisis in the Global South” conference.

Organized by the Pontifical Academy of Social Sciences, the conference included some 50 finance ministers, economists, and international development agency heads.

The meeting comes as major legislation is being considered in New York and the United Kingdom on sovereign debt restructuring.

It occurs at a time when both church leaders and development groups are pushing for greater foreign debt relief, coinciding with the upcoming 2025 Jubilee Year, a once-every-quarter-century event that includes the Biblical tradition of forgiving debts.

“For this reason, dear friends, the Holy Year of 2025, to which we are heading, calls us to open our minds and hearts to be able to untie the knots of the ties that strangle the present, without forgetting that we are only custodians and stewards, not masters,” Francis told conference participants.

The Need for a New Financial System

Eric LeCompte, the leader of Jubilee USA, a network of religious and development groups advocating for international debt relief, described the pope’s remarks as “powerful and forceful.”

LeCompte, who attended the Vatican conference, noted that “secular institutions are aware that 2025 is a Jubilee Year” and are interested in using it to push new policies for a better global financial model.

 “Debt can no longer be disconnected from the broader economic stability of nations,” said LeCompte. He believes that the pope has always understood this connection, as evidenced by his proactive stance on economic reform.

“The north really owes a debt to the south because we took all of their resources and fueled industrialization,” he said. “We took from them and now we owe them a debt to be able to ensure their economic stability.”

The Impending Collapse of the Fiat Currency System

In his June 5 remarks to economists and financial leaders, Francis emphasized the need for a multinational mechanism for dealing with debt to counteract an “every man for himself” attitude, where “the weakest always lose.”

According to LeCompte, what the pope is really demanding is a “global transformation of our financial system” to address the collapse of the current fiat currency debt system.

While Francis is building on the teachings of Popes John Paul II and Benedict, LeCompte pointed out that Francis speaks from direct experience, having faced long-standing economic crises during his time as Archbishop of Buenos Aires.

“He stared down the barrel of a gun from these vulture funds in Argentina … and led his country through the greatest economic crisis the country had ever faced,” said LeCompte. “He has a direct understanding of these issues, saw what they did and saw what inequities in the financial system do to developing countries.”

The Bottom Line

Pope Francis’ call for a new financial system and a global debt jubilee ahead of the 2025 Jubilee Year is a clarion call for economic justice.

His emphasis on the interconnectedness of global financial stability highlights the moral imperative for global financial leaders to act.

The ongoing collapse of the global fiat currency debt system underscores the urgency of his appeal, as the world can no longer deny or wish away these critical issues.

The BRICS+ development of a new gold-backed currency and financial system offers a tangible solution, aligning with the pope’s vision for the future.

Contributing article: https://www.ncronline.org/vatican/vatican-news/ahead-2025-jubilee-pope-francis-rallies-global-finance-heads-back-debt-relief

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

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News, Rumors and Opinions Thursday AM 6-27-2024

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. 27 June 2024

Compiled Thurs. 27 June 2024 12:01 am EST by Judy Byington

ALERT!!!
Unrealized Losses at US Banks Exceed Bank Reserves
The FDIC Doesn’t Have Enough Money To Cover Bank Deposits
US Bank Runs Imminent

Prepare for 10 Dark Days of Military Controlled Lockdown

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 Global Currency Reset of 207 nations to gold/asset-backed currencies was said to have the effect of automatically shutting down the Cabal’s international operations. That was because the Illuminati’s “Dirty Monies” wouldn’t be accepted on the new Global Financial System that was already functioning independent of banks on over 500 Star Link Satellites floating above us in the air.

Wed. 26 June 2024 US Banks unrealized losses have reached $525 billion. This is almost seven times bigger than the great financial crisis of 2008. The unrealized losses have exceeded the total reserves of America’s largest banks. In addition, the FDIC doesn’t have enough money to cover bank deposits.

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Global Currency Reset:  (Rumors/Opinions)

Wed. 26 June 2024 Wolverine: It’s ready to go, in fact it has already started. Some are getting paid and they are all under NDA. Another source says it is going to be this week, but things are happening right now and they are processing the first group. The second group should go around the 4th of July, while some say right after Thurs. 4 July.

Wed. 26 June 2024 TNT Tony: “Every single source says it’s done and we await the go signal. So we wait. There is agreement amongst them re: when it will be announced and what they are waiting on. Sunday 30 June 2024 is a celebration day in Iraq. They are waiting for the trigger, there is a trigger. He won’t tell us what that is. The Dinar Live New Rate Window is Thurs. 27 June 5pm EST 2024 to Sunday morning 30 June 2024.

Tues. 25 June 2024 MarkZ: “I am getting inundated with bank contacts telling me to expect that things have already started, but coming to fruition in banks after July 4, with a rollout in the days immediately following – around the 6th and 7th. That is the rumor. Remember that we don’t know the timing. I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for.”

Wed. 26 June 2024 Frank 26: Iraqi Prime Minister Al Sudani and his team went to the US Treasury and delivered the monetary reforms that Sudani would implement for RV and RI of the IQD. That was the reason they were reforming the banking sector, which would increase the value of the Iraqi Dinar.

Wed. 26 June 2024: NESARA GESARA – The Cry for Restitution and Justice: The Shocking Truth About Our Stolen Wealth and the Cry for Restitution – American Media Group (amg-news.com)

Global Financial Crisis:

Wed. 26 June 2024 US Banks unrealized losses have reached $525 billion. This is almost seven times bigger than the great financial crisis of 2008. The unrealized losses have exceeded the total reserves of America’s largest banks. In addition, the FDIC doesn’t have enough money to cover bank deposits. …US Debt Clock on Telegram Wed. 26 June 2024

Wed. 26 June 2024 The United States Federal Reserve has been allegedly hacked by a Ransomware group called LockBit. The declaration was made through a post on the Dark Web. The group claims to have extracted 33 terabytes of sensitive banking information. The data reportedly includes confidential details of American banking activities. This could be one of the most substantial breaches of financial data in history if proven to be true. They are already linking this group to Russia. There has been no confirmation of the breach by the Federal Reserve so far. The number 33 should tell you everything you need to know. The Federal Reserve has less than 24 hours according to the group.

Read full post here:  https://dinarchronicles.com/2024/06/27/restored-republic-via-a-gcr-update-as-of-june-27-2024/

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

Mnt Goat   Article:  "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA"  ...in the past years I said – What is the US waiting for? Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now its opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.

Militia Man  Oil is in the budget for 2023 was at $70 but oil has been over $80 for quite some time.  They're gaining a lot of money.  Then they've increased non-oil revenues at the borders, a lot of money.  Liquid natural gas etc, a lot of money...This is happening...They've talked about sovereign funds...If all the stuff is what they're saying it is...these guys are going to be popping with money.

EXCELLENT Progress in Iraq; Stock Market; Development Road Project Latest Update

Edu Matrix:  6-27-2024

https://www.youtube.com/watch?v=z4d89OfQukY

Andy Schectman: JP Morgan Raises Silver Target To $34

Arcadia Economics:  6-27-2024

Gold and silver have sold off over the past week. But while that's happened, JP Morgan has just published a new report recommending to buy the metals on the dip.

 JP Morgan has targets of $2,600 for gold and $34 for silver by 2025. And of course they are just one of the many banks that has recently been increasing their gold and silver price forecasts.

 So Andy Schectman joins me on the show to talk about the bank coverage that's going out to the institutional funds, new inflation comments by Zoltan Pozsar, and a change in the physical gold and silver premium levels.

To find out the latest in the precious emtals markets, click to watch the video now!

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

“Tidbits From TNT” Thursday 6-27-2024

TNT:

CandyKisses:  Al-Muthanna Investment: The governorate is witnessing a qualitative boom in the size of projects

Information/Muthanna...The Muthana Investment Authority confirmed on Thursday that the governorate is witnessing a qualitative boom in the size of economic projects during the current period.

The head of the authority, Adel al-Yasiri, told the Information Agency that "the province has dozens of investment projects, including completed and others under construction, which will be completed within specific timetables."He added, "The Muthanna Investment Commission is currently supervising dozens of projects in various vital sectors that drive the economic wheel in the province."

Al-Yasiri pointed out that "all these projects are of great benefit and return to Muthanna in general and to the people of the province by providing job opportunities and implementation with the best engineering specifications required."

CandyKisses:  Sudani stresses the importance of developing cooperation with NATO after the end of the mission of the international coalition in Iraq

Shafaq News / Prime Minister Mohammed Shiaa Al-Sudani stressed on Thursday the importance of developing cooperation with NATO after the end of the mission of the international coalition led by the United States of America in Iraq.

This came during his meeting with the commander of the North Atlantic Treaty Organization (NATO) mission in Iraq, General Lucas Schroers, who recently took office, according to a statement issued by the Sudanese media office.

The statement stated that, during the meeting, the security situation in the region was discussed, and the efforts of the mission and its cooperation with the Iraqi security institutions in the field of advice and training were reviewed, and in the field of intelligence coordination towards the prosecution of remnants of remnants of ISIS terrorist gangs.

The statement added that the Prime Minister stressed the importance of developing bilateral cooperation with the mission in the areas of training and information coordination, with the Iraqi armed forces after the end of the international coalition mission in Iraq, in a way that enhances security and helps in the stability of the region.

For his part, General Schroors expressed his thanks to the government, for supporting the mission, and providing the necessary facilities for its work in Iraq, according to the statement.

Earlier this year, the Iraqi Foreign Ministry announced the success of the negotiations with America and the agreement to form a "supreme military committee" to draft a specific and clear timetable that determines the duration of the presence of the advisers of the international coalition in Iraq.

On Wednesday, June 5, a political source was informed, revealed a 40-day deadline granted by armed Iraqi factions to Prime Minister Mohammed Shia Al-Sudani, to resolve the file of removing US forces from the country, promising that otherwise it would resume their attacks against US military forces.

In early February, attacks by armed groups on U.S. forces in Iraq and Syria stopped, after a drone attack killed three U.S. soldiers in Jordan, in response to which the United States carried out air strikes on sites in Iraq and Syria.

In the midst of the new developments, a political source familiar with Shafaq News told Agency that "a number of armed factions have given the Sudanese and his government until mid-July to resolve the file of removing American forces from the country."

The source added, "The factions stipulated the establishment of an announced and binding timetable for the resolvement of this file, and otherwise military operations against American goals and interests in Iraq and the region will be resurred."

On January 30, 2024, the Hezbollah Iraq Brigades announced the cessation of its operations against US forces in order to “not embarrass the Iraqi government,” recommending its fighters “temporarily negative defense.”

Iraqi armed factions launched periodic attacks on US bases in Iraq and Syria, which began in late October 2023, against the backdrop of the Gaza war.

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CandyKisses:  Al-Sudani receives the commander of the NATO mission in Iraq

Prime Minister Mohamed Shia Al-Sudani received, on Thursday, the Commander of the North Atlantic Treaty Organization (NATO) Mission in Iraq, General Lucas Schroers, who recently assumed his duties.

During the meeting, they discussed the security situation in the region, and reviewed the mission's efforts and cooperation with Iraqi security institutions in the field of advice and training, and in the field of intelligence coordination towards pursuing the remnants of ISIS terrorist gangs.

The Prime Minister stressed the importance of developing bilateral cooperation with the mission in the fields of training and information coordination with the Iraqi armed forces after the end of the international coalition mission in Iraq, in a way that enhances security and helps stabilize the region.

For his part, General Schroers expressed his thanks to the government for supporting the mission and providing the necessary facilities for its work in Iraq.

Prime Minister's Media Office

27- June- 2024

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Tishwash:  European Union: The Iraqi government has achieved development in international investment

The European Union announced, on Wednesday, that the Iraqi government has achieved progress in international investment, while noting that it sets an example of cooperation with international legal standards.

The European Union Ambassador to Iraq, Thomas Seiler, said in his speech during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, entitled (Mediation: New Horizons for Facilitating Business and Retaining Investors in Iraq), followed by “Al-Iqtisad News,” “I congratulate the Iraqi state and business leaders on the great Iraqi achievement.” represented by the signing of the Singapore Agreement on Mediation,” indicating that “this agreement is considered a basic international treaty that seeks to reach a settlement between the conflicting parties.”

He added, "One of the points of importance for the Iraqi government is the development in international investment as well as commercial transactions, taking into account that disputes may arise due to differences between parties across countries. Therefore, when this happens, the parties need an appropriate method to resolve these disputes in an efficient manner and in an appropriate time, and thus mediation."

 It is the one who does this, as it provides an opportunity for the parties to resolve the problem effectively when disputes arise. It also gives an opportunity for the parties to maintain working relationships, which is consistent with the best interest of investors as well as local companies who seek to move forward with investment operations, which are extremely important for Iraq.

He explained that "Iraq, by signing the Singapore Convention, has clearly sent a signal about its commitment to developing the mediation infrastructure, and therefore this requires adopting legislation to enforce mediation operations that take place based on approvals issued by Iraqi courts and are applicable to the parties, as well as the list of countries joining this increasing convention, represented recently by the accession of the Kingdom of Saudi Arabia, Turkey, Jordan and Iran."

He continued: “After Iraq ratified the New York Convention 2021, we welcome the great efforts to adopt the mediation law and I believe that it will be launched soon,” noting that “the issue of ratification is very important and therefore the Iraqi government is providing evidence and an example of alignment and cooperation with international legal standards as well as through the adoption of these mechanisms for effective alternative dispute resolution, as they are very important for enhancing investment as well as economic development and stability.”

He pointed out that "Iraq has made great progress in the United Nations program as well as through international programs," stressing "the Iraqi government's continued support for this process  link

Mot: . Wee Folks Training 101 

Mot:  ... Special Moments with the ""Wee Folks"" cleaning the house

More News, Rumors and Opinions Wednesday PM 6-26-2024

KTFA:

Clare:  Al-Sudani: Iraq has become a safe and attractive environment for capital

6/26/2024

Prime Minister Muhammad Shiaa Al-Sudani confirmed: “Iraq has become a safe and attractive environment for capital from international companies, and a preferred market for businessmen and investors.”

During his presidency of the eighth meeting of the Supreme Committee for Reconstruction and Investment, Al-Sudani stressed the necessity of not slowing down or delaying in making decisions that are compatible with the economic reform approach LINK

Clare: What is the importance of Iraq joining international agreements?

 The Chairman of the National Investment Commission, Haider Makiya, stressed today, Wednesday, the importance of Iraq joining international agreements to enhance the investment sector, noting that Iraq has provided real guarantees to attract foreign investments.

Makiya said, in his speech, during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, that “Iraq’s accession to the International Settlement Agreement resulting from international mediation and disputes that was signed in 2024, will contribute to achieving the goals of sustainable development and encouraging the increasing use of international mediation as a means.” Effective for settling cross-border disputes, for the purpose of maintaining trade and investment relations between the parties involved in the investment process.” 

He added, "This agreement has a pivotal dimension, foremost among which is finding an alternative method to litigation procedures before international arbitration bodies in disputes arising from investment, especially since Iraq joined in 2015 the International Center for the Settlement of Investment Disputes between States and Citizens of Other Countries, and this "It will give foreign investors the right to resort to the Washington Center."

He continued, "Also, the Republic of Iraq's accession to the New York Convention on the Recognition of Foreign Judgments of 1958 means completing all the necessary legislative environment to provide real guarantees and protection for foreign investors, and this will reflect positively on attracting foreign capital to Iraq, which aims at the construction and reconstruction process, and will raise Iraq's classification." .

He explained, "This agreement enhances the Iraqi investment reality, because it includes many international and qualitative strategic investment opportunities that impose contracts with specialized foreign companies for investment purposes. This requires Iraq to provide legal protection to those companies by resolving disputes in the event that they arise from investment contracts that It is imposed by state institutions on these companies, which prefer to resort to international arbitration to guarantee their rights, as stipulated in Article 27 of Investment Law No. 13.”

He pointed out, “Iraq’s accession to the International Mediation Agreement (Singapore Agreement) is necessary to attract foreign investments and achieve intended development, especially in light of Iraq’s transformation and dependence on a free market economy. This agreement will also create a legal framework that allows reliance on agreements.” The settlement resulting from mediation is easily implemented by all countries.”

 Makiya stressed that “the legal department at the National Investment Authority and the investment authorities in the governorates will work to include international investment contracts by relying on mediation mechanisms in investment-related disputes before resorting to international arbitration, which will send a message of reassurance to foreign investors and foreign companies in order to proceed with resolving disputes.” related to these contracts, is easier than entering into international commercial arbitration procedures.”

He pointed out that "the Republic of Iraq's accession to the International Commercial Arbitration Convention and the Singapore Mediation Convention, in addition to concluding many agreements to encourage and protect mutual investments between Iraq and many international countries, made Iraq occupy the fourth place in the classification of foreign direct investment."

And the best emerging markets to invest in 2024.”

He stressed that "the noticeable improvement in the investment climate in Iraq comes as a result of government efforts made to strengthen the economic and investment sector, in attracting foreign investments," calling on foreign companies, foreign investors and businessmen to "visit Iraq to learn about the investment opportunities included in the investment map, and to attend the forum."

 "Iraq Investment Bank, which will be held next November, will launch more than 100 investment opportunities with integrated approvals, and review the benefits and guarantees that the investment law will provide to investors."   link 

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

Mnt Goat  She [my CBI contact] said that her committee was directed to be ready in June and did plan in June to begin the project to delete the zeros but the Central Bank as not yet received the assurances needed in writing from the US Treasury that they would support us fully all the way through the process. To me this meant to conduct the project to delete the zeros, swap out the notes and then onward to the reinstatement of the dinar.  I was assured I was correct in my thinking.  I already knew this as this was all in the Dr Shabibi plan anyway. This was just a confirmation that they are still closely following this part of the plan anyway...   the US is still holding back and not fully supporting the financial reforms and the events that were supposed to happen at the end of the second phase of the reform process.  [Post 1 of 2....stay tuned]

Mnt Goat   So as investors where do we stand with the RV?  Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point... But I will tell you that I was told last month that for us to see the RV, there was only two phases and that they were completing the 2nd phase in June. So go figure… What would you now think?  [Post 2 of 2]

The US Is About To Be Blindsided By Saudi Arabia And China

Atlantis Report:  6-26-2924

There has been a significant change happening in the global economic and geopolitical landscape.

 The United States, traditionally a dominant force, is facing a challenge from an unexpected partnership between Saudi Arabia and China.

 Motivated by their own economic and strategic goals, these two countries have been quietly working together.

Their growing alliance will disrupt the current power balance and force the U.S. to make a huge adjustment to its approach.

The U.S. dollar has been the primary currency used in the global oil trade for many years. This was supported by an agreement in which Saudi Arabia, a major oil exporter, exclusively sold oil in dollars.

 This arrangement, known as the "petrodollar" system, has been crucial in maintaining U.S. economic strength by ensuring a steady global demand for the dollar and U.S. Treasury securities.

https://www.youtube.com/watch?v=Nt40yDa6khs

News from the Seeds of Wisdom Team Newshounds Wednesday Afternoon 6-26-24

News from the Seeds of Wisdom Team Newshounds Wednesday Afternoon 6-26-24

Good Evening Dinar Recaps,

CBDC is future of money; no competition with UPI: RBI Governor

“The future of money is CBDC and it’s not in competition with UPI. CBDC and UPI will coexist,” Das said during his address at the 188th Annual General Meeting of the Bombay Chamber of Commerce and Industry.

The bank has started incorporating new features into the new currency so that one can program even the conditions of their CBDC transfers.

Read more:  Currency Insider

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CBDCs can improve cross-border payments, financial inclusion in the Middle East: IMF

Cross-border payments are one of the key areas CBDCs can improve, the Washington-based lender of last resort says. Oil exporters in the region have been grappling with cross-border inefficiencies for decades. Existing solutions like Buna, a multi-currency cross-border payment system, have failed to make the expected impact.

“CBDCs that address these inefficiencies could significantly cut transaction costs,” the IMF said.

The most advanced cross-border CBDC project in the Middle East is mBridge, which includes the UAE and, as of this month, Saudi Arabia. mBridge, which also includes China, Hong Kong, and Thailand, entered the MVP stage recently.

Read more:  Currency Insider

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Dollar inches up against dong

Globally, the dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of U.S. price data at the end of the week, Reuters reported.

At 159.78 per dollar, the yen's level has markets on alert for intervention since that is only a whisker shy of where Japanese authorities likely stepped in to buy yen in April.

The dollar index, which measures the U.S. unit against six peers, was steady at 105.64, while the euro was at $1.0715.

Read more:  Vietnam Express

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What It Means to Be Regulated by FINRA

Have you ever wondered who protects investors—and how? If you invest, it can pay to know about FINRA, the Financial Industry Regulatory Authority. FINRA is a not-for-profit organization authorized under the federal securities laws and registered with the Securities and Exchange Commission (SEC). Alongside the SEC, FINRA oversees U.S. member broker-dealers and their personnel, including individuals who recommend or sell securities products to the public. FINRA’s mission is protecting you, the investor, and ensuring the integrity of our country’s securities markets.

Read more:   FINRA

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XRP Bullish Cues Could Help Token Rally 91% In July

One of the bullish cues in XRP’s favor was Ripple receiving approval from the Dubai Financial Services Authority (DFSA) for use in the Dubai International Financial Centre (DIFC).

This milestone enhances the DIFC’s digital asset ecosystem by enabling licensed virtual asset companies to integrate XRP into their services.

Dubai’s Regulatory Advancement

As the first external virtual asset to gain regulatory clearance within DIFC’s framework, the approval marks a crucial step in the global adoption of XRP.

Read more:   CoinChapter

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Markets in Crypto-Assets Regulation (MiCA)  |  ESMA Europa

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