Economist’s “News and Views” Saturday 7-6-2024
28 Countries Joining BRICS: What Next?
Fastepo: 7-5-2024
According to a Russian newspaper, Izvestia, 28 countries have expressed interest in joining BRICS, either as full members or partners.
This information was confirmed by representatives from one of the association's countries during the BRICS Foreign Ministerial Council in Nizhny in Russia. The list includes countries from different continents including Palestine.
However, Palestine, which is not yet fully recognized internationally, has expressed interest in joining as an observer state or partner.
Please note that the timing of this expansion has not yet been confirmed. Some sources, such as the Russian Prime Minister, have mentioned that it will be discussed during the BRICS summit in 2024.
28 Countries Joining BRICS: What Next?
Fastepo: 7-5-2024
According to a Russian newspaper, Izvestia, 28 countries have expressed interest in joining BRICS, either as full members or partners.
This information was confirmed by representatives from one of the association's countries during the BRICS Foreign Ministerial Council in Nizhny in Russia. The list includes countries from different continents including Palestine.
However, Palestine, which is not yet fully recognized internationally, has expressed interest in joining as an observer state or partner.
Please note that the timing of this expansion has not yet been confirmed. Some sources, such as the Russian Prime Minister, have mentioned that it will be discussed during the BRICS summit in 2024.
However, other sources believe that it will be further discussed next year. Regardless of the timing, it is important to discuss this expansion in more detail.
This video will detail all 28 countries interested in joining BRICS and analyze their potential contributions, including how their membership could expand BRICS' influence and economic clout globally.
The analysis will consider the economic, political, and strategic implications of this expansion, providing insights into how BRICS could evolve in the coming years.
Argentina Faces Reality: Renews RMB Currency Lifeline, Expands China Trade For Economic Survival
Sean Foo: 7-6-2024
While Milei preaches dollarization, his economic moves is actually drawing Argentina closer and closer to China. Not only did he secure a vital currency lifeline, he is expanding trade with China with more agricultural exports. Here's why Milei did a dramatic U-turn towards Beijing!
Timestamps & Chapters:
0:00 Milei's U-Turn On China
2:51 Scrambling For Currency Lifeline
6:00 Argentina Needs More China Trade
9:17 China's Latin American Strategy
11:39 Milei Needs Chinese Investments
Bullion Bulletin - JULY 5, 2024
Miles Franklin: 7-5-2024
Bullion Bulletin is a compilation of videos from Andy's week of interviews. In this compilation, you'll find a variety of engaging and informative content featuring expert analysis and discussions.
Jim Rickards: If They Pull This Plug Right Now, There Will be a Reckoning Upon Us
Daniela Cambone: 7-5-2024
“The problem now is if you pull the plug, it will be chaos,” warns Jim Rickards, New York Times bestselling author. In an exclusive interview with Daniela Cambone,
Rickards also states that the U.S. is caught in a financial war, with the U.S. dollar being threatened by BRICS nations and their new currency. Even though the U.S. dollar will remain the world’s reserve currency, the BRICS currency could become a successful trading currency.
“That’s how confidence is lost in the United States, slowly at first and then suddenly. So we're not at the 'suddenly' stage yet, but we're getting really close.”
Watch the powerful interview to learn more about Rickards' thoughts.
“Tidbits from TNT” Saturday 7-6-2024
TNT:
Tishwash: Sudanese congratulates Iranian president-elect
Prime Minister Mohammed Shia al-Sudani stressed, today, Saturday, the importance of continuing coordination between Iraq and Iran at the highest levels and in all fields.
The Prime Minister's Media Office stated in a statement that "Prime Minister Mohammed Shia al-Sudani congratulated Masoud Pezeshkian on his election as President of the Islamic Republic of Iran."
In a telegram sent to Pezeshkian, according to the statement, the Prime Minister expressed his "wishes for his success in his duties," stressing "the depth of relations between the two friendly neighboring countries, and the importance of continuing coordination at the highest levels, in all fields, and in a way that serves common interests." link
TNT:
Tishwash: Sudanese congratulates Iranian president-elect
Prime Minister Mohammed Shia al-Sudani stressed, today, Saturday, the importance of continuing coordination between Iraq and Iran at the highest levels and in all fields.
The Prime Minister's Media Office stated in a statement that "Prime Minister Mohammed Shia al-Sudani congratulated Masoud Pezeshkian on his election as President of the Islamic Republic of Iran."
In a telegram sent to Pezeshkian, according to the statement, the Prime Minister expressed his "wishes for his success in his duties," stressing "the depth of relations between the two friendly neighboring countries, and the importance of continuing coordination at the highest levels, in all fields, and in a way that serves common interests." link
Tishwash: US messages to Iraqi leaders: Dollar cash flow may stop
Prominent Kurdish politician, Masoud Barzani, sent messages to Iraqi political leaders, stating that the entry of some factions into the Israeli-Iranian conflict may prevent the flow of cash dollars into Iraq.
Politician Mishaan Al-Jubouri said that Barzani informed the leaders of the Coordination Framework that the American siege will be imposed on Iraq if Washington's interests are attacked.
He added that Barani also informed the leaders of the Coordination Framework that America can stop the flow of dollars to Iraq and cause harm to the country, but Iraq is unable to cause any harm to America link
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Tishwash: Prime Minister's Advisor: Iraq in the process of paying off long-term development loans to the World Bank
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Saturday, that zeroing out the debts to the International Monetary Fund reflects Iraq's high and solid creditworthiness, while indicating that Iraq is in the process of paying off long-term development loans to the World Bank.
Saleh told the Iraqi News Agency (INA): "Iraq has entered into about 5 programs with the International Monetary Fund since 2004 until the end of 2018, including 3 credit readiness programs, and all of them were characterized by providing loans whose function was to support the state of stability and economic reform in Iraq in two directions. The first: loan programs, as Iraq received loans from the International Monetary Fund to help it overcome economic crises, as these loans included supporting the general budget and financing economic stability programs, especially during the war on ISIS terrorism."
He added: "As for the other direction: in the field of economic reforms, as the International Monetary Fund usually stipulates that countries that receive loans implement certain economic reforms. In the case of Iraq, these reforms included improving the management of public finances and the banking sector, enhancing transparency, combating corruption, and reforming the energy sector."
He pointed out that "these loans did not exceed $5 billion per loan, and the actual withdrawal from them will not exceed $3 billion or more in each case, and according to a repayment program that takes place every 6 months with grace periods of two years before repayment with a moderate annual interest that usually does not exceed 4.5%, and the terms of these loans do not exceed five years."
He pointed out that "Iraq has repaid the loans that were withdrawn during the past twenty years according to regular payment mechanisms and are close to zeroing out unless they are all zeroed out today, which reflects the high and solid creditworthiness of the Republic of Iraq in repayment before the international financial community in particular and towards multilateral international financial organizations in general."
He continued: "But certainly there are long-term development loans that belong to the World Bank that are still in place, which is another development financial organization, and are worth a few billion and are in the process of repayment, and some of them are still in the process of committing to withdrawing them to spend them on completing development projects contracted with the World Bank, and they are also long-term soft loans."
He stressed that "cooperation relations continue between Iraq and the International Monetary Fund in various fields, including providing technical advice and supporting economic policies," noting that "the relationship between Iraq, the International Monetary Fund and the World Bank is important for achieving economic stability and sustainable development in the country."
He pointed out that "Iraq has been a founding member of the International Monetary Fund and the World Bank since 1945." link
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Tishwash: The Iraqi Private Sector and Improving the Investment Environment in the National Development Plan 2024-2028
During the past three months, the Ministry of Planning and the specialized work teams have made efforts to prepare and prepare the National Development Plan 2024-2028, the draft ofD which addressed in detail the main challenges facing the Iraqi private sector and the main objectives aimed at achieving its effective contribution to improving the investment environment.
While I agree with what is stated in the plan, we emphasize the need to add the basic pillars stated in the private sector development strategy.
For the years 2014-2030, and in particular its three time periods, its four pillars, its four pillars, what has been achieved since its launch in 2014, and what has not been achieved.
It is also necessary to state what has been achieved from Iraq’s Vision 2030, which clearly outlined the path to achieving a “strong and developing private sector.”
In addition to determining what has been achieved during the implementation of previous national development plans and the economic, financial and banking reform strategy included in the government program of the current government and what is the real role through which the private sector should contribute with government participation and support in managing the overall economy. This requires providing a legislative environment and a stable business environment and focusing on the axes that aim to build sound preliminaries for the transition to a complete economic reform. This is what we all agree on, but this requires the government and the private sector in all its banking, industrial, agricultural, energy, health, construction, tourism and service sectors to participate and cooperate in implementing the transitional, medium and long-term economic reform strategy.
This means involving the private sector in a greater role in economic decision-making and leading the market institutionally and legislatively through the following:
1- Contributing with the government to improving the business environment in Iraq and providing an encouraging investment climate to attract national and foreign capital in accordance with the government’s program and encouraging and stimulating the achievement of partnerships between the public and private sectors in financing and developing development projects that have achieved implementation rates.
Good and its allocations are included in the general budgets of 2024 and 2025
2- Contributing with the government to creating a new legislative environment based on Article (25) of the Permanent Constitution, the strategies and laws related to economic reform, the private sector development strategy, its pillars and specific contents, in a way that ensures its activation and leadership of the market in the future.
3- Maintaining and activating the partnership, dialogue and cooperation between the private sector and the government by taking rapid measures to activate the Private Sector
Development Council and start its work under the chairmanship of the Prime Minister, enacting a special law for it and forming a joint advisory council from the government and private sectors linked to the council that includes experts from the various economic sectors nominated by the council members and provides its advice and works according to a special system approved by the council.
4- Contributing with the government in developing policies, mechanisms and strategies and participating in following up on their implementation to resolve the transition to time-programmed stages to a market economy.
5- Working with the government to provide additional sources of funding for the state’s general budget by adopting the development and diversification of resources towards raising
the percentage of resources other than oil in the gross domestic product, by activating the real economy and diversifying sources of national income.
6- Work to encourage the establishment and development of small, medium and micro enterprises in order to achieve comprehensive and sustainable development, including the formation of specialized institutions for this purpose and issuing a special law to develop and advance these projects and determine their economic feasibility and benefit from the Riyada initiative launched by the Prime Minister and the National Lending Strategy launched by the Central Bank on 5/25/2024.
7- Cooperation in financing and ensuring the implementation of central plans to provide infrastructure to encourage and develop the private sector in industry, trade, agriculture, tourism, health, energy, construction, strengthening and services.
8- Activating the role of specialized banks and private banks to provide soft loans to the national private sector, as well as finding solutions to the problems of taxes and accumulated interest incurred by owners of projects that have stopped production, and setting a short- and medium-term financial policy.
9- Coordination and cooperation with the relevant ministries and financial and statistical institutions, especially the Ministries of Planning and Finance, in building a financial and statistical information base and ensuring its transparency. link
Mot: Things Like This -Ya Just Can't Make up!!!!
Mot: Hah - They Say its Gunna Beeeee Hot!!!!
News, Rumors and Opinions Saturday AM 7-6-2024
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 Sat. 6 July 2024
Compiled Sat. 6 July 2024 12:01 am EST by Judy Byington
Trust The Plan:
US Debt and Economic Collapse: The US debt is projected to reach an unprecedented $35 trillion, with federal public debt surpassing 100% of the country’s annual economic output by 2025. This fiscal trajectory indicates the imminent bankruptcy of the US CORPORATION and the need for a new economic system.
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 Sat. 6 July 2024
Compiled Sat. 6 July 2024 12:01 am EST by Judy Byington
Trust The Plan:
US Debt and Economic Collapse: The US debt is projected to reach an unprecedented $35 trillion, with federal public debt surpassing 100% of the country’s annual economic output by 2025. This fiscal trajectory indicates the imminent bankruptcy of the US CORPORATION and the need for a new economic system.
US Treasury Notes and Wall Street: Wall Street is bracing for a flood of new US Treasury Notes, signaling the transition to a new financial system. This move is part of the broader strategy to collapse the old system and usher in a new era of economic transparency and fairness.
The Economic upheaval will lead to a Global Currency Reset, GESARA/NESARA and debt forgiveness. The Alliance is pushing for global debt forgiveness through GESARA. This initiative aims to liberate nations from financial enslavement and promote economic equity.
A Black Swan Sky Event will disrupt normalcy and trigger a series of reactions including a collapse of the Petrodollar Stock Market Crash, Bank closures, affecting economies worldwide.
A Blackout is deemed necessary to control the fallout from the anticipated events including preventing runs on banks and a complete collapse of the Stock Market.
Global Currency Reset:
Fri. 5 July 2024: Japan resets their currency – the Global Currency Reset start: https://x.com/RAGrubb2/status/1808929522189799656?t=4eSAQUdjfPCr0RUAVQEVhw&s=35
Fri. 5 July 2024: Wolverine: “They have started in Brazil and it’s not just Brazil. I’m hoping it’s also Hong Kong and Reno. It’s happening and won’t be announced. Keep an eye on your emails.” Thurs. 4 July 2024 Wolverine: “Since MarkZ let it out of the bag: Brazil starts payments on Friday 5 July 2024. Blessings. …There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning. Tier4b is defiantly going to exchange very soon. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Private contractors are being paid. Bond Holders are starting. I’ve seen the signed contracts and certified documents for the reset. It’s defiantly happening.”
The Rodriguez Trust located in Tagalog Philippines has indicated that Nesara/Gesara is about to start. The gold is located in the Philippines too. …Sampalog1958 on Telegram Fri. 5 July 2024
Thurs. 4 July 2024 : No guarantees but the latest from the banker is the scuttlebutt from above him is certain bond groups will be notified over this weekend and should that occur the currency notices will go out next Tuesday or Wednesday 9, 10 July 2024, with appointment scheduling afterwards with exchanging beginning the week of the 15th of July.
Tues. 2 July 2024 Bruce: The word from a Redemption Center Head was that Tier4b (us, the Internet Group) were going to get notified on Fri. 5 July and receive appointments over the weekend. NESARA should be announced the 8th or the 9th.
Sun. 30 June 2024 Breakfast with Tiffany: USD funds for Trigger Files have been released and will be ready for disbursement next Mon. 8 July and prerequisites for launching USN Bills now being finalized and scheduled for disbursement on that July 8th.
GESARA is supposed to be announced July 8th as well, been further advised Trigger Bond payment Monday 1st and bond redemption payments Thursday 4th, public release of USN Bills and Currency Revaluation starting the 8th.
The Global Currency Reset release of funds across the World has been given, with funds coming directly from the US Treasury Department of Defense Operations.
The launch of the RV was slowed down due to many Hacker and Cyber Attacks.
There will be an Internet Blackout
The White Hat Military are in control of the redemption process.
Wells Fargo and HSBC are leading these operations across the Globe.
There are local institutions in countries around the World that are connected and ready for Global notifications with access to Treasury Departments in the different countries.
All banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.
Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.
The RV is being negotiated on the Forex.
Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.
Sun. 30 June 2024: Look for something to happen around Mon. 8 July in regards to the NESARA announcement that will tie in with November 5th, allowing for the 120 days.
Read full post here: https://dinarchronicles.com/2024/07/06/restored-republic-via-a-gcr-update-as-of-july-6-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Al-Sudani told us what? The project to delete the zeros is on the table. He said $1 will equal 1.32 dinars...If you look at the math, that's dropping the 3-zeros.
Frank26 Question: "Do they have to pass the HCL before it RIs?" The HCL is already passed. The HCL has no need for anything. It sits there. Now, parliament is coming out and saying, we need to pass some laws in order for you to have the HCL and that might be.
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Imminent: Panic In The Bank System | Rafi Farber
Liberty and Finance: 7-5-2024
Rafi Farber says bank reserves may drop dramatically, putting the banking system in deeper crisis. The Federal Reserve may be able to prop the system up momentarily, but not forever.
"This is a finite system," he says. He discusses other factors that show "the endgame" may be close at hand, even within months.
INTERVIEW TIMELINE:
0:00 Intro
1:40 Bank reserves
12:45 Home sales
15:15 Yen & fiat currencies
19:38 Platinum
24:00 Last thoughts
7 Expenses That Will Drain Your Retirement Savings the Fastest
7 Expenses That Will Drain Your Retirement Savings the Fastest
Casey Bond Fri, July 5, 2024
You’ve spent a good portion of your life working and saving for retirement. Once you reach that milestone, you want to feel confident that your nest egg is big enough to cover your needs in your golden years.
As you retire, it’s important to anticipate some of the costs eating into your savings. Here are seven expenses that can drain your retirement savings — and how to plan for them.
7 Expenses That Will Drain Your Retirement Savings the Fastest
Casey Bond Fri, July 5, 2024
You’ve spent a good portion of your life working and saving for retirement. Once you reach that milestone, you want to feel confident that your nest egg is big enough to cover your needs in your golden years.
As you retire, it’s important to anticipate some of the costs eating into your savings. Here are seven expenses that can drain your retirement savings — and how to plan for them.
Healthcare
Even with Medicare, out-of-pocket healthcare expenses can be significant, according to Taylor Kovar, certified financial planner and CEO at The Money Couple and Kovar Wealth Management. “This includes prescriptions, surgeries, and long-term care costs,” said Kovar.
One estimate by HealthView Services Financial finds that a healthy 65-year-old couple who retired in 2021 will likely spend between $156,208 and $1 million on healthcare costs during retirement, depending on where and how long they live.
How To Plan: Kovar said it’s a good idea to have a health savings account (HSA) or a similar fund specifically for medical expenses. “Regularly reviewing your health insurance and considering supplemental insurance can also help mitigate these costs,” he added.
Homeownership
If you own a home, that can be another source of major expenses that eat into retirement funds. “As homes age, significant repairs like roof replacements or plumbing issues become more frequent,” Kovar said. From 2016 through 2020, Americans aged 65 and older spent an average of $16,880 per year on housing-related costs, according to the Bureau of Labor Statistics.
How To Plan: Kovar recommends setting aside a home maintenance fund and conducting regular home inspections to help anticipate and spread out these costs.
Inflation
Inflation can significantly impact your future savings, since you’ll need to take larger withdrawals to make up for the higher cost of living, according to Jeff Busch, partner and investment advisor representative at Lift Financial. “This can be particularly troublesome if your portfolio is made up of fixed income strategies that can’t keep up with inflation by increasing income over time,” said Busch.
How To Plan: To mitigate inflation, Busch said you may want to invest a portion of your portfolio in stocks that have historically provided better returns than bonds and cash. In general, he added, maintaining a diversified portfolio can be a big help in the long run.
Adult Children (and Their Children)
From student loans to cell phone bills, many retirees find themselves financially assisting their adult children or even their grandchildren. A study by Merrill Lynch found that in 2018, 79% of parents were providing financial support to their adult children, contributing a combined total of $500 billion annually.
How To Plan: Kovar said it’s essential to set boundaries and have open financial discussions with family to ensure this support doesn’t derail retirement plans.
To Read More:
https://www.yahoo.com/finance/news/7-expenses-most-likely-drain-170042871.html
More News, Rumors and Opinions Friday Afternoon 7-5-2024
KTFA:
Frank26: "THIS IS THE HCL FOR THE CITIZENS BECAUSE THEY STOLE THE MONEY FOR IT... TODAY THEY SAY THE OPPOSITE IN ORDER TO SURVIVE IN IRAQ!!!"............F26
Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad
7/4/2024 Baghdad
Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.
Al-Moussawi said in an interview with Al-Eqtisad News: “So far, the draft oil and gas law is almost complete, with a high percentage that may reach 90%, but there are some objections from the Kurds regarding some points, which are summarized in handing over oil imports and exploited and unexploited natural resources to Baghdad, as Erbil refuses to do so.”
KTFA:
Frank26: "THIS IS THE HCL FOR THE CITIZENS BECAUSE THEY STOLE THE MONEY FOR IT... TODAY THEY SAY THE OPPOSITE IN ORDER TO SURVIVE IN IRAQ!!!"............F26
Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad
7/4/2024 Baghdad
Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.
Al-Moussawi said in an interview with Al-Eqtisad News: “So far, the draft oil and gas law is almost complete, with a high percentage that may reach 90%, but there are some objections from the Kurds regarding some points, which are summarized in handing over oil imports and exploited and unexploited natural resources to Baghdad, as Erbil refuses to do so.”
She added: "We hope that Masoud Barzani's visit will be the beginning of resolving the crisis of the law and its legislation after an agreement with the political foundations in Baghdad, which is the Coordination Framework, as all political blocs are moving towards legislating the oil and gas law that regulates the country's natural resources."
The member of the Parliamentary Oil Committee explained that "the Oil and Gas Law contributes to exploiting the largest possible amount of undiscovered oil fields and also contributes to achieving self-sufficiency in petroleum derivatives and optimal exploitation of wasted natural resources estimated at hundreds of billions of dollars that contribute to diversifying the state's financial resources." LINK
Frank26: "THE MONETARY REFORM 'BONDS' THE VALUE OF THE MONETARY REFORM....F26
Securities Commission: The government has successfully completed the sale of financial bonds
7/3/2024 Baghdad
The Securities Commission confirmed on Wednesday that the government had successfully completed the sale of financial bonds, while indicating that many foreign investors had purchased those bonds.
The head of the authority, Faisal Al-Haimus, said: “The government has successfully completed the sale of financial bonds,” indicating that “all financial bonds that were sold were subscribed to, and this reflects the strength and stability of the State of Iraq.”
He pointed out that "there are many foreign investors who bought financial bonds, and this reflects the stability of the Iraqi state."
Government bonds are a type of debt-based investment where you lend money to a government in exchange for an agreed-upon interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to earn set returns that are paid at regular intervals. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said something strange and interesting. Don't be surprised when this does come out it will come out pretty close to the cap or just maybe a fixed rate...It is possible they come out just right away at $3.22 because remember this is the reinstatement of our currency. FRANK: Boom! Boom! FIREFLY: They have so much riding on this with investment and any setback in the market could lead to a disaster of our monetary reform. Let's just say it comes out at $3.22 and it starts to move in the float or it could be fixed rate for a special period of time...
Mnt Goat I want to quote from the financial advisor to the Prime Minister, Mazhar Muhammad Saleh from one of the articles – “The fixed exchange rate system in Iraq is based on the highest international reserves in the history of Iraq and its monetary policy, as foreign currency covers more than 100% of the total currency currently issued.” So, this is telling us that the foreign reserves can back the dinar now in circulation by 100%... This is amazing. What wealth. But the dinar is still at 1/6 of a penny?
Iraq's New Dollar Distribution for Travelers
Nader: 7-5-2024
The CBI has created a new and safer way for travelers to exchange currencies at airports to avoid issues like, scams and fraudulent exchanges.
Are You Ready for an IQD Revalue?
Edu Matrix: 7-5-2024
Are you even ready for an Iraqi Dinar or Any Currency Revalue? It takes more than exchanging your banknotes to prepare for increased income. Here's what you need to know if you have never been wealthy before.
World Turns its Back on the Collective West - News from the 24th SCO Summit
World Turns its Back on the Collective West - News from the 24th SCO Summit
Think BRICS: 7-5-2024
Discover how the world is shifting towards a multipolar world order, prioritizing regional cooperation and economic integration.
The Shanghai Cooperation Organization (SCO) emerges as a key Eurasian alliance driving this transformation. In this discussion with Clive Ettia and Anastasia of Think BRICS and Rhod Mackenzie of @SCOBRICSInsight we delve into the SCO's significant impact on regional stability and global geopolitical dynamics, focusing on its member states: Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Pakistan, India, Iran, and the new Belarus.
We explore the economic resilience fostered by the SCO amidst global challenges like fuel shortages and sanctions on Russia, and how alternative trade systems and financial innovations are being developed to counter Western economic pressures.
World Turns its Back on the Collective West - News from the 24th SCO Summit
Think BRICS: 7-5-2024
Discover how the world is shifting towards a multipolar world order, prioritizing regional cooperation and economic integration.
The Shanghai Cooperation Organization (SCO) emerges as a key Eurasian alliance driving this transformation. In this discussion with Clive Ettia and Anastasia of Think BRICS and Rhod Mackenzie of @SCOBRICSInsight we delve into the SCO's significant impact on regional stability and global geopolitical dynamics, focusing on its member states: Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Pakistan, India, Iran, and the new Belarus.
We explore the economic resilience fostered by the SCO amidst global challenges like fuel shortages and sanctions on Russia, and how alternative trade systems and financial innovations are being developed to counter Western economic pressures.
At the recent summit in Astana, Kazakhstan, Russian President Vladimir Putin underscored the SCO's role in shaping a more equitable international system.
We examine the complex relationship between Russia and Kazakhstan, highlighting their strategic maneuvering within the SCO. Additionally, we discuss India's pioneering efforts to create an alternative to the SWIFT financial messaging system, promoting rupee trade settlements and enhancing economic sovereignty.
Join us as we analyze the SCO's proactive stance in global affairs, emphasizing its pivotal role in fostering regional cooperation and economic integration.
This video provides a comprehensive understanding of how the SCO is positioned as a cornerstone of stability and development in Eurasia and beyond.
While this video offers an in-depth analysis of the Shanghai Cooperation Organization's (SCO) influence on regional cooperation, economic integration, and geopolitical tensions, it does not cover detailed individual profiles of the SCO member states or their internal political dynamics.
The focus is primarily on the collective actions and strategies of the SCO rather than specific national policies.
Additionally, this video does not delve into the historical formation of the SCO or its early years of development. For those interested in the origins and initial challenges of the SCO, further research and separate sources will be necessary.
By concentrating on the current and forward-looking aspects of the SCO's role in the multipolar world order, we aim to provide viewers with a clear and concise overview of its contemporary relevance and future potential.
News, Rumors and Opinions Friday 7-5-2024
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. 5 July 2024
Compiled Fri. 5 July 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors/Opinions)
Thurs. 4 July 2024 Wolverine: “Since MarkZ let it out of the bag: Brazil starts payments on Friday 5 July 2024. Blessings. …There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning. Tier4b is defiantly going to exchange very soon. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Private contractors are being paid. Bond Holders are starting. I’ve seen the signed contracts and certified documents for the reset. It’s defiantly happening.”
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. 5 July 2024
Compiled Fri. 5 July 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors/Opinions)
Thurs. 4 July 2024 Wolverine: “Since MarkZ let it out of the bag: Brazil starts payments on Friday 5 July 2024. Blessings. …There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning. Tier4b is defiantly going to exchange very soon. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Private contractors are being paid. Bond Holders are starting. I’ve seen the signed contracts and certified documents for the reset. It’s defiantly happening.”
Thurs. 4 July 2024 Banker: No guarantees but the latest from the banker is the scuttlebutt from above him is certain bond groups will be notified over this weekend and should that occur the currency notices will go out next Tuesday or Wednesday 9, 10 July 2024, with appointment scheduling afterwards with exchanging beginning the week of the 15th of July.
Tues. 2 July 2024 Bruce: The word from a Redemption Center Head was that Tier4b (us, the Internet Group) were going to get notified on Fri. 5 July and receive appointments over the weekend. NESARA should be announced the 8th or the 9th.
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Sun. 30 June 2024 Breakfast with Tiffany: USD funds for Trigger Files have been released and will be ready for disbursement next Mon. 8 July and prerequisites for launching USN Bills now being finalized and scheduled for disbursement on that July 8th.
GESARA is supposed to be announced July 8th as well, been further advised Trigger Bond payment Monday 1st and bond redemption payments Thursday 4th, public release of USN Bills and Currency Revaluation starting the 8th.
The Global Currency Reset release of funds across the World has been given, with funds coming directly from the US Treasury Department of Defense Operations.
The launch of the RV was slowed down due to many Hacker and Cyber Attacks.
There will be an Internet Blackout
The White Hat Military are in control of the redemption process.
Wells Fargo and HSBC are leading these operations across the Globe.
There are local institutions in countries around the World that are connected and ready for Global notifications with access to Treasury Departments in the different countries.
All banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.
Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.
The RV is being negotiated on the Forex.
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Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.
Sun. 30 June 2024: Look for something to happen around Mon. 8 July in regards to the NESARA announcement that will tie in with November 5th, allowing for the 120 days.
Wed. 3 July 2024: Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency – American Media Group (amg-news.com)
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Global Financial Crisis:
Thurs. 4 July 2024 The Financial Tsunami is HERE: Crypto Predictions, Next Black Swan, XRP, QFS, GCR, US Treasury Note and Crypto Currency Regulations.
Wed. 3 July 2024: Viral Video: Nationwide Bank in UK REFUSING Withdrawals by Depositors! A Wake-Up Call for the UK! – American Media Group (amg-news.com)
Wed. 3 July 2024: BQQQM!!!! New QFS NESARA/GESARA Election Voting System Redesigned for All – Dave XRP Lion – American Media Group (amg-news.com)
Thurs. 4 July 2024 Canada: A recent measure dictates that individuals who gain capital taxes exceeding C$250,000 ($180,804) will face a tax rate of 66.7%, a notable increase from the current 50%. Moreover, companies and trusts will also see their capital gains taxed at the same elevated rate of 66.7%. This adjustment aims to ensure a fairer distribution of tax burdens and aligns with efforts to address income inequality and bolster public revenues.
Thurs. 4 July 2024 Zimbabwe introduces plan to jail individuals caught using the US Dollar and other foreign currency for up to 10 years.
Read full post here: https://dinarchronicles.com/2024/07/05/restored-republic-via-a-gcr-update-as-of-july-5-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The Oil and Gas [Law] and the presidency of the House of Representatives, I think those are going to be coming, tie to tie, hand in hand because...if they need to value...assets, they're going to need a real effective exchange rate...
Frank26 Question "Does the budget have to be in The Gazette before we see a change in the rate?" No. They can make the change and then it can pop up in the Gazette. The Gazette is not something that is a mandatory in order for it to be revealed. The budget is a mandatory in order for it to be revealed.
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US Economy on the verge of Collapse: Japan Final Nail in the Coffin of US Dollar
Fastepo: 7-5-2024
Japan has been significantly cutting back on its U.S. Treasury holdings, marking a notable change in its investment approach. By May 2024, Japan's holdings had fallen to $1.212 trillion, the lowest level since January 2020, representing an 18.5% year-over-year decline.
Several factors contribute to this reduction. First, the increasing yields on Japanese government bonds have made domestic investments more appealing to Japanese investors.
Additionally, the Federal Reserve's recent rate hikes have raised hedging costs for foreign investors, thereby diminishing the attractiveness of U.S. Treasuries.
This strategic shift underscores Japan's evolving focus on more favorable investment opportunities within its own market.
“Tidbits From TNT” Friday Morning 7-5-2024
TNT:
Tishwash: Iranian Ambassador after Meeting Barzani: Our Relationship with the Region is Deep-rooted and Growing
Iranian Ambassador to Iraq Mohammad Kazem Al-Sadig met with Kurdistan Democratic Party (KDP) leader Massoud Barzani in Baghdad on Thursday. Sadig tweeted that Iran’s relations with the Kurdistan Region are old, deep-rooted and growing.
“Today I met with Masoud Barzani in Baghdad and discussed issues of mutual concern and ways to improve bilateral relations,” Sadiq tweeted. “Security and trade are pillars of regional development and the main priority in the relations between the two sides,” he added.
The meeting was part of the agenda of Massoud Barzani's visit to Baghdad, which began yesterday, Wednesday, and is scheduled to end on Thursday night. It included a series of meetings, discussions and talks with political and diplomatic parties in Baghdad. link
TNT:
Tishwash: Iranian Ambassador after Meeting Barzani: Our Relationship with the Region is Deep-rooted and Growing
Iranian Ambassador to Iraq Mohammad Kazem Al-Sadig met with Kurdistan Democratic Party (KDP) leader Massoud Barzani in Baghdad on Thursday. Sadig tweeted that Iran’s relations with the Kurdistan Region are old, deep-rooted and growing.
“Today I met with Masoud Barzani in Baghdad and discussed issues of mutual concern and ways to improve bilateral relations,” Sadiq tweeted. “Security and trade are pillars of regional development and the main priority in the relations between the two sides,” he added.
The meeting was part of the agenda of Massoud Barzani's visit to Baghdad, which began yesterday, Wednesday, and is scheduled to end on Thursday night. It included a series of meetings, discussions and talks with political and diplomatic parties in Baghdad. link
CandyKisses: Central Bank Explains New Mechanism for Delivering Dollars to Travelers
The Central Bank of Iraq revealed, on Thursday, the new mechanism for passengers to receive foreign currency (dollars), which will be exclusively through corporate outlets and banks at international airports.
"The goal of the new mechanism, which will enter into force on July 14, is to reach the real traveler and pass proper transactions, as well as facilitate the arrival of travelers to the dollar faster," the bank said in a statement.
The Central Bank reviewed "the new mechanism for travelers to receive their share of foreign currency (dollars) by the traveling citizen going to the authorized exchange companies, spread in all cities to deliver the amount in dinar equivalent to the citizen's share of the dollar according to the official exchange rate of the Central Bank of Iraq."
He pointed out that "the company will work to enter the data of the traveling citizen and remove his name in the electronic platform of the Central Bank of Iraq and deliver him a receipt that supports the process of depositing the dinar, to receive the cash dollar exclusively inside the airport," noting that "when completing the departure procedures, the amount will be delivered in dollars through the ports available at the airport, 24 hours a day, 7 days a week."
The statement noted that "the Central Bank decided to allow exchange companies to receive more than one quota during the week in order to achieve full response to traveler requests."
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Tishwash: Al-Sudani: Our country has natural and human resources and assets, some of which have not been invested to this day.
Prime Minister Mohammed Shia al-Sudani confirmed, today, Thursday, that Iraq has the highest growth rate in the region, while pointing out the necessity for the government sector to perform its duties.
The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA), "Prime Minister Mohammed Shia Al-Sudani sponsored, today, Thursday, the annual celebration of the National Job Day, which was held at the government palace in the capital, Baghdad, where 50 distinguished employees in various fields were honored, who were chosen by specialized committees; For their excellence in job performance."
Al-Sudani praised “the distinguished employees who worked hard and deserved distinction,” stressing that “this selection of male and female employees proves the strength of the Iraqi and the principles, confidence, and positive energy he carries.”
He added, "The martyr who sacrificed himself for Iraq and the Iraqis remains the first distinguished person," praising "the initiative to honor distinguished employees."
He appreciated “the efforts of the concerned committee and everyone who contributed to this initiative, which confirms the ability of employees in the public sector and negates the negative image of them, as it highlights the loyal, efficient, productive and honest employee,” noting “the presence of other numbers of distinguished employees who perform their duties with dedication and high efficiency.”
The Prime Minister referred to “the stories of distinguished employees that are worthy of consideration and enhance confidence in government employees, especially since some of them were able to transform the difficult circumstances and challenges they are experiencing into success, distinction and dedication in the public service they provide to citizens,” indicating that “one of the people of determination achieved excellence over his colleagues in programming, as well as the insightful student in Shatra who excelled and overcame her health conditions, which is a case of creativity that we have the right to be proud of.”
He touched on “the pivotal and essential role of the public sector in building the country, and its implementation of the government’s program and priorities, in addition to its importance in improving the country’s reality in all areas, as Iraq is witnessing the highest growth rate in the region, and the government sector must perform its duties in this regard,” stressing that “the government has made significant progress in less than two years in working and addressing challenges in all areas, as our country possesses natural and human resources, capabilities, and resources, some of which have not been invested to this day.” link
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Tishwash: Al-Sudani: Iraq is witnessing the highest growth rate in the region
Prime Minister Mohammed Shia al-Sudani confirmed today, Thursday, that Iraq is witnessing the highest growth rate in the region.
The Prime Minister's media office stated in a statement received by "Al-Eqtisad News" that Al-Sudani "sponsored today, Thursday, the annual celebration of the National Job Day, which was held at the government palace in the capital, Baghdad, where 50 distinguished employees in various fields were honored, who were chosen by specialized committees; for their excellence in job performance."
Al-Sudani praised the "distinguished employees who worked hard and deserved distinction. This selection of male and female employees proves the strength of the Iraqi and the principles, confidence and positive energy he carries," stressing that "the martyr who sacrificed himself for Iraq and the Iraqis remains the first distinguished one."
He added, "We commend the initiative to honor distinguished employees, and appreciate the efforts of the relevant committee and everyone who contributed to this initiative, which confirms the ability of employees in the public sector, and negates the negative image of them, as it highlights the loyal, competent, productive and honest employee," noting that "there are other numbers of distinguished employees who perform their duties with dedication and high efficiency."
He pointed out that "the stories of distinguished employees are worthy of consideration and enhance confidence in government employees, especially since some of them were able to transform the difficult circumstances and challenges they are experiencing into success, distinction and dedication in the public service they provide to citizens," indicating that "one of the people of determination achieved excellence over his colleagues in programming, as well as the insightful student in Shatra who excelled and overcame her health conditions, which is a case of creativity that we have the right to be proud of."
During the ceremony, Al-Sudani addressed the "pivotal and essential role of the public sector in building the country, and its undertaking of implementing the government's program and priorities, in addition to its importance in improving the country's situation in all fields, as Iraq is witnessing the highest growth rate in the region, and the government sector must perform its duties in this regard."
He stressed that "the government has, in less than two years, made significant progress in working and addressing challenges in all areas, as our country possesses natural and human resources, some of which have not been invested to this day." link
Mot: Don’t ask- just pour
Mot: This Guy Flew His Drone Through Fireworks. What He Filmed..........
More News, Rumors and Opinions Thursday PM 7-4-2024
KTFA:
Clare: The Prime Minister directs the suspension of official work next Sunday on the occasion of the Islamic New Year
7/4/2024
Prime Minister Mohammed Shia Al-Sudani directed to suspend official work next Sunday, on the occasion of the Islamic New Year. LINK
KTFA:
Clare: The Prime Minister directs the suspension of official work next Sunday on the occasion of the Islamic New Year
7/4/2024
Prime Minister Mohammed Shia Al-Sudani directed to suspend official work next Sunday, on the occasion of the Islamic New Year. LINK
Clare: Integrity Commission to Nina: We have achieved advanced steps in the file of recovering funds
7/4/2024
The Federal Integrity Commission confirmed that it has achieved advanced steps in the file of recovering Iraqi funds smuggled from abroad.
The Director of the Department of Relations with Non-Governmental Organizations, Moataz Al-Abbasi, said in a statement to the National Iraqi News Agency / NINA /: "The file of recovering funds is still active and developing rapidly, and there is international cooperation as we have taken extensive steps that recently led to the recovery of one of the wanted persons from abroad and taking legal measures against him."
He added, "The Integrity Commission is concerned with developing an anti-corruption strategy, as we have completed a national strategy for the years 2021-2024, and we are currently working on developing a new strategy for the coming years 2025-2030."
He explained: "The strategies depend on international cooperation, the development of global expertise, and the exchange of data and other strategies, so the Integrity Commission has been keen to exchange experiences and meetings with the parties concerned with developing strategies, and this helps us develop a good national strategy that is measurable and produces clear results." LINK
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Clare: Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad
7/4/2024 Baghdad
Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.
Al-Moussawi said in an interview with Al-Eqtisad News: “So far, the draft oil and gas law is almost complete, with a high percentage that may reach 90%, but there are some objections from the Kurds regarding some points, which are summarized in handing over oil imports and exploited and unexploited natural resources to Baghdad, as Erbil refuses to do so.”
She added: "We hope that Masoud Barzani's visit will be the beginning of resolving the crisis of the law and its legislation after an agreement with the political foundations in Baghdad, which is the Coordination Framework, as all political blocs are moving towards legislating the oil and gas law that regulates the country's natural resources."
The member of the Parliamentary Oil Committee explained that "the Oil and Gas Law contributes to exploiting the largest possible amount of undiscovered oil fields and also contributes to achieving self-sufficiency in petroleum derivatives and optimal exploitation of wasted natural resources estimated at hundreds of billions of dollars that contribute to diversifying the state's financial resources." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Once you see the HCL, when will you see the new exchange rate? **snap** [That fast].
Militia Man The Oil and Gas [Law] and the presidency of the House of Representatives, I think those are going to be coming, tie to tie, hand in hand because...if they need to value...assets, they're going to need a real effective exchange rate...
Wolverine There will be no announcement of the RV. The notifications...to exchange will just come out without warning...very soon...Private contractors are being paid...I’ve seen the signed contracts and certified documents for the reset. It’s...happening.
BREAKING NEWS Iraq's Successful Bond Sale Completed
Edu Matrix: 7-4-2024
Iraq sold government bonds to local and foreign investors. The sale was successful.
Even THE BANKS Say This Is GARBAGE!
Lynette Zang: 7-4-2024
Today we are talking about these banking "stress tests" and how they are apparently showing us that the banks can handle a market collapse...
Seeds of Wisdom RV and Economics Updates Thursday Evening 7-4-24
Good Evening Dinar Recaps,
WHAT IS A TIER ONE BANK? "Banking regulations known as the Basel Accords require banks to have different types of capital on hand. These liquid and cash assets balance out the risk-weighted assets that banks hold. This increases banks' stability, which increases the stability of the overall financial system. "
"Tier 1 capital is the primary funding source of the bank. Typically, it holds nearly all of the bank's accumulated funds. These funds are generated specifically to support banks when losses are absorbed so that regular business functions do not have to be shut down. Under Basel III, the minimum tier 1 capital ratio is 10.5%."
Good Evening Dinar Recaps,
WHAT IS A TIER ONE BANK?
"Banking regulations known as the Basel Accords require banks to have different types of capital on hand. These liquid and cash assets balance out the risk-weighted assets that banks hold. This increases banks' stability, which increases the stability of the overall financial system. "
"Tier 1 capital is the primary funding source of the bank. Typically, it holds nearly all of the bank's accumulated funds. These funds are generated specifically to support banks when losses are absorbed so that regular business functions do not have to be shut down. Under Basel III, the minimum tier 1 capital ratio is 10.5%."
"What Do the Basel Accords Do?"
"The Basel Accords are international banking regulations that ensure banks have enough capital on hand both to meet their obligations and absorb any unexpected losses. They are set by the Basel Committee on Bank Supervision (BCBS)."
© Newshounds News™
Read more: Investopedia
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Crypto Industry Is About to Boom, Is Outperforming the Internet: Architect Partners
The digital asset industry added more than $750 billion in value in the first half of the year, the report said.
—The cryptocurrency industry is starting a major growth phase, the report said.
—Architect Partners said the industry added more than $750 billion in value in the first half of the year.
—Crypto, the stepchild of the internet, is outperforming its predecessor at the same part of their respective life cycles, the advisory firm said.
The digital asset industry is beginning a major growth phase and is in a far better place than it was two years ago, investment bank Architect Partners said in a quarterly report published last week.
© Newshounds News™
Read More: Coin Desk
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"ISO 20022 is an ISO standard for electronic data interchange between financial institutions."
"Over the next four years, ISO will revolutionize the banking sector by improving efficiency, data quality and the ability for organizations to establish enhanced controls."
"Over 70 countries have already adopted ISO 20022 in their payment systems including Switzerland, China, India and Japan. SWIFT, which begins its own migration journey to ISO 20022 in November 2022, estimates 80% of global, high-value payments by volume will be processed through the standard by 2025."
© Newshounds News™
Read more: The Global Treasurer, Wikipedia
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BRICS and XRP
"In its foundational documents, including summit declarations and joint communiqués, BRICS emphasizes key principles like respect for sovereignty, non-interference in the internal affairs of member states, and a commitment to a multipolar world. These documents typically revolve around topics such as trade, investment, technology, and sustainable development."
BRICS and XRPL: A Surprising Convergence
"Surprisingly, within the realm of these documents, a unique convergence with blockchain technology, particularly Ripple’s XRPL, becomes apparent. The mention of XRPL within BRICS documents reflects an acknowledgment of the potential of blockchain technology to reshape the global financial landscape. This recognition indicates that the member nations of BRICS perceive blockchain as a strategic enabler for enhancing financial systems, fostering transparency, and promoting efficient cross-border transactions."
"Ripple’s XRP Ledger (XRPL) stands out in the blockchain space due to its focus on facilitating real-time, cross-border transactions with minimal fees. Unlike traditional financial systems, which can be slow, costly, and subject to intermediaries, XRPL’s decentralized nature allows for seamless peer-to-peer transactions, enabling faster remittances and lower fees. So, the integration of XRPL technology could potentially streamline trade and investment between BRICS member states, promoting economic growth and collaboration."
© Newshounds News™
Read more: All Coin Buzz
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Vietnam's Digital Payments Landscape: A Look at the Emerging Trends
Vietnam's digital payment ecosystem is undergoing a remarkable transformation, driven by a tech-savvy population, government initiatives, and innovative financial solutions. Over the past decade, the country has seen a surge in digital payment adoption, making cashless transactions a way of life for millions of Vietnamese people.
Vietnam's digital payment revolution is marked by a shift away from cash transactions toward convenient, secure, and efficient digital payment methods. E-wallets, QR code payments, contactless cards, and innovative fintech solutions have played a pivotal role in reshaping the country's payments landscape.
Read more: FinExtra
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Japan Is on a Web 3.0 Hot Streak, and the World Should Take Notes
From its cultural heritage to cutting-edge technological advancements, Japan is where ancient customs and modern marvels converge.
The unique blend of tradition and innovation reflects Japan’s strategic positioning within crypto.
Putting regulatory clarity into practice
Despite crypto’s evolution from a speculative investment to an asset class contributing to a balanced portfolio, governments worldwide remain conflicted about how to regulate it.
While it’s not atypical for regulatory bodies to disagree on how to oversee financial instruments, the approach to crypto assets continues to be divisive.
India, for example, has no centralized authority handling crypto regulations and offers no guidelines for settling disputes when dealing with digital assets, leaving investors to trade at their own risk.
The absence of regulations allows unmonitored practices to flourish – and without appropriate safeguards, criminals can and do benefit from the lack of oversight, leaving law-abiding citizens to suffer.
Without laws, there are no legal ramifications, and crypto has magnified this issue before when people or organizations have gotten away with crimes due to legal shortcomings.
{{This is why putting the Regulations into place is so important.}}
Read more: DailyHodl
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CRYPTOCURRENCY EXPLAINED WITH PROS AND CONS FOR INVESTMENT
Learn what you need to know before you invest in a virtual currency | Investopedia
☝An excellent article if you are new to crypto
~~~~~~~~~
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Thank you Dinar Recaps
Willem Middelkoop: The Big Reset - How Power and Pricing is Shifting Away From the West
Willem Middelkoop: The Big Reset - How Power and Pricing is Shifting Away From the West
Palisades gold Radio: 7-3-2024
Tom Bodrovics welcomes back Willem Middelkoop, author of 'The Big Reset,' to delve into his insights on the anticipated transformation of the international monetary system and its effects on global finance and investment strategies.
Published in 2007, 'The Big Reset' garnered considerable attention after the financial crisis in 2008 due to Middelkoop's beliefs regarding the impending collapse of the dollar system as a result of mounting debt and economic instability.
In this conversation, he reflects on how his viewpoint has progressed since 'The Big Reset's debut and the emergence of Bretton Woods 3.0 from the eastern world, as well as the shift towards commodity-based currencies.
Willem Middelkoop: The Big Reset - How Power and Pricing is Shifting Away From the West
Palisades gold Radio: 7-3-2024
Tom Bodrovics welcomes back Willem Middelkoop, author of 'The Big Reset,' to delve into his insights on the anticipated transformation of the international monetary system and its effects on global finance and investment strategies.
Published in 2007, 'The Big Reset' garnered considerable attention after the financial crisis in 2008 due to Middelkoop's beliefs regarding the impending collapse of the dollar system as a result of mounting debt and economic instability.
In this conversation, he reflects on how his viewpoint has progressed since 'The Big Reset's debut and the emergence of Bretton Woods 3.0 from the eastern world, as well as the shift towards commodity-based currencies.
Middelkoop highlights the importance of gold in the context of evolving reserve currencies and its function as a hedge against currency devaluation. He underscores the significance of comprehending the process rather than fixating on timing when anticipating these financial transitions.
Discussing potential alternatives to the US dollar as the world's primary reserve currency, Middelkoop acknowledges China's expanding influence and burgeoning gold reserves. He asserts that the transition will unfold gradually with minimal impact on daily life for western residents but issues a warning of potential harm to Europe in the power struggle between the U.S. and China.
Moreover, he voices concerns regarding economic and geopolitical risks, particularly escalating tensions among major world powers that could lead to significant military confrontations.
Middelkoop shares his investment portfolio strategy, dividing it equally among equities, real estate, liquid cash or Bitcoin, physical gold, and silver.
He advocates for diversification and caution in response to the inflation of bond and equity valuations. Middelkoop believes that commodity-backed currencies and base metal producers present opportunities for underpriced investments. Middelkoop also addresses the difficulties faced by the silver mining industry due to jurisdictional risks, low silver prices, and a lack of incentives for exploration.
Time Stamp References:
0:00 - Introduction
0:45 - The OG Reset Book
8:10 - Hindsight & Timing
13:05 - Pozsar & Dedollarization
17:47 - Gold Vs. Fiat History
20:45 - A New Gold Standard?
23:30 - Global Debasement
29:38 - Dollar Replacements?
33:15 - BRICS 'Trade' Currency
36:39 - Hegemony & Conflict Risks
44:02 - Dollar Weaponization
46:08 - Silver & Physical Deficits
48:44 - Central Banks & Silver
53:36 - No New Silver Finds??
56:45 - Jurisdictional Risks
1:00:07 - Portfolio Weighting
1:03:09 - Signposts Ahead?
1:05:33 - Wrap Up
Talking Points From This Episode
- Middelkoop emphasizes gold as a hedge against currency devaluation in the context of evolving reserve currencies.
- He highlights China's expanding influence and growing gold reserves as potential alternatives to the US dollar.
- Middelkoop advocates for diversification in investment portfolio, including commodity-backed currencies and underpriced base metal producers.