Economist’s “News and Views” Thursday 7-25-2024

BRICS Now Controls 72% of the World’s Rare-Earth Metals

We love Africa:  7-24-2024

In a significant geopolitical shift, the BRICS nations—Brazil, Russia, India, China, and South Africa—have now emerged as custodians of an astonishing 72% of the world’s rare-earth metals. After consolidating control over a significant portion of global oil supplies, this new monopoly on rare-earth elements presents profound implications for global trade, technology, and the balance of power in the international arena.

Rare-earth metals are a group of 17 elements essential for the production of high-tech devices, renewable energy technologies, and various defense applications. Items ranging from smartphones, electric vehicles, and wind turbines to military equipment rely heavily on these metals. As the world increasingly pivot towards technology and sustainable energy solutions, the demand for these precious resources has skyrocketed.

The BRICS nations, by controlling such a substantial share of rare-earth metals, position themselves as crucial players in an increasingly competitive global economy. Imagine if BRICS decided to trade these materials in currencies other than the US dollar. Such a strategy could undermine the dollar’s role as the world’s primary reserve currency, disrupting established commercial practices and inciting economic volatility.

This potential disruption could lead to a significant shift toward a multipolar world, where power and influence are distributed among several nations rather than being concentrated in a few Western countries. The implications of this could resonate across numerous sectors, including technology, industry, and defense. With dominance over essential resources, BRICS would have leverage in negotiations, partnerships, and global policy decisions.

The BRICS nations controlling 72% of the world’s rare-earth metals represents both a seismic shift in global economics and the potential for lasting geopolitical ramifications. If they leverage this power effectively, it could catalyze a transition to a multipolar world where Western dominance is challenged.

As the global landscape continues to evolve, businesses, governments, and societies must adapt to these changes. The strategic approaches adopted by both BRICS and the Western nations in response will undoubtedly shape the contours of the future economy and international relations. The world is on the brink of a new era—one where resources dictate power and alliances are more crucial than ever.

https://youtu.be/GqD6pv9Q0ng

Powerful Economic Indicator Signaling "Hard Landing" May Have Started

George Garmin:  7-24-2024

https://www.youtube.com/watch?v=k8HRPhrXEu8

Is the US Dollar’s Dominance Coming to an End?

Kitco News: 7-24-2024

In a recent illuminating interview on Kitco News, anchor Jeremy Szafron had the opportunity to converse with Tavi Costa, a Partner and Macro Strategist at Crescat Capital. Their discussion touched on some of the most pressing concerns in the economic landscape today: the future of the U.S. dollar, growing sovereign debt concerns, and the implications for global markets. As inflationary pressures mount and geopolitical tensions escalate, these topics are increasingly relevant for investors and everyday citizens alike.

Lower interest rates could potentially create a temporary alleviation of debt obligations, but they may also spur inflationary pressures, diminishing the dollar’s purchasing power. This, Costa believes, will have cascading effects across global markets, especially in commodities.

The forecasts may look grim for the dollar, they open the door for substantial investment opportunities in the commodities sector. Investors looking for a hedge against inflation and currency risk might find solace in allocating their assets towards tangible commodities.

Costa’s insights on the U.S. dollar, sovereign debt, and global markets are both sobering and enlightening. His bearish outlook prompts a reconsideration of long-held assumptions about currency strength and encourages a shift toward commodities as a potential safeguard against economic instability. As we navigate through these challenging times, the perspectives shared in this interview serve as a crucial reminder of the interconnectedness of global financial systems and the importance of proactive investment strategies.

https://youtu.be/TngMlys_bmc

The Difference Between Currencies and Bonds in the GCR

The Difference Between Currencies and Bonds in the GCR

On July 24, 2024 By Awake-In-3D

In RV/GCR

A straightforward explanation of how gold-backed currencies and bonds differ and how they will be transacted in the Global Currency Reset (GCR)

In This Article

• General Definitions and Functions of Currencies and Bonds

• Key Differences Between Bearer Bonds and Registered Bonds

• How Transactions Will Work in the GCR

The Global Currency Reset (GCR) represents a significant shift. This reset involves the revaluation of currencies and bonds backed by gold. Understanding the distinctions between gold-backed currencies and bonds, particularly in the context of the GCR can be helpful in the broader landscape of things.

This article aims to provide a clear and simple explanation of these differences, including the unique characteristics of Bearer Bonds and Registered Bonds, and how transactions will be handled.

General Definitions and Functions of Currencies and Bonds

Currencies are are considered legal tender issued by a country’s central bank or government, with their value tied to a specific weight of gold.

These currencies act as a medium of exchange, facilitating everyday transactions.

Bonds are financial instruments representing a loan made by a person or entity to a borrower, which can be a government, municipality, or entity.

Bonds are used to raise capital and provide periodic interest payments to bondholders. Unlike currencies, bonds return the principal amount at maturity.

Key Differences Between Bearer Bonds and Registered Bonds

To the best of my knowledge, all GCR bonds are Perpetual Bearer Bonds, which have distinct characteristics compared to Registered Bonds:

Bearer Bonds: Bearer Bonds are unregistered, meaning ownership is transferred by simply delivering the physical bond certificate. They offer anonymity to the bondholder but carry a higher risk of theft or loss since possession equates to ownership. Perpetual bonds do not have specified maturity dates.

However, to the best of my knowledge, all GCR bonds do require adequate provenance (history of ownership) that show that the bonds were not implicated in any criminal activity.

Registered Bonds: Registered Bonds are recorded in the name of the bondholder. Ownership is transferred through a formal registration process. They provide greater security against theft or loss but do not offer the same level of anonymity.

Key Differences Between Gold-backed Currencies and Bonds

While both currencies and bonds will be linked to various weights of gold in the GCR, their purposes, issuers, and returns, differ significantly:

Purpose: Currencies are used for everyday transactions, whereas bonds are investment vehicles that appreciate over time.

Issuer: Currencies are issued by governments or central banks. Bonds can be issued by governments, municipalities, and other entities.

Return: Currencies do not provide a return in the form of interest unless held in interest-bearing accounts. Bonds, however, generally provide interest income over time.

How Transactions Will Work in the GCR

In the GCR, gold-backed currencies will be exchanged similarly to traditional currencies, only there will likely be a digital (blockchain) component and/or process involved. [More on the decentralized ledger and payment system in future articles.]

Conversely, bonds will be redeemed rather than exchanged. This means bondholders will receive appreciated rates and the principal amount at maturity, rather than using bonds for everyday transactions.

ALSO READ: Trading Platforms for RV/GCR Bonds and Currencies Explained

In the case of ZIM perpetual bonds, the principle value will come from its gold-backed component along with accrued, underlying interest appreciation. No one really knows what that appreciation factor is.

Since most GCR bonds are Perpetual Bearer Bonds, the transaction process involves the physical delivery of the notes to transfer ownership at the time of transaction.

DISCLAIMER: This article is for educational and entertainment purposes only and does not constitute financial advice. I am not a certified financial or investment advisor. Always seek professional guidance before making financial decisions.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-difference-between-currencies-and-bonds-in-the-gcr/

“Tidbits From TNT” Thursday 7-25-2024

TNT:

Tishwash:  Black Money" Fuels Investment Stock Exchange.. Countries That Prospered with Looted Iraqi Money

 Former MP Manar Abdul Muttalib, on Thursday (July 25, 2024), identified the features of black money in the Iraqi investment stock exchange, indicating that this money stolen from the Iraqi treasury has revived the economies of several countries .

Abdul Mutalib said in an interview with Baghdad Today, "There is no accurate figure for the amount of money looted in Iraq after 2003, but all indications indicate that it is hundreds of billions of dollars, some of which was smuggled abroad and some of which was turned into support for building economic wings for parties, forces and companies ."

She added, "The investment environment in Iraq is going against the trend in the world in that anyone with $100,000 can invest in a project worth $100 million. This is a paradox, especially since the state provides the land for free and it builds with customers' money, especially in housing projects that represent a fertile environment for attracting money ."

Abdul Muttalib pointed out that black money (referring to corrupt and looted money) “exists in all sectors, including investments, but the possibility of uncovering it is difficult and complicated because there is no money in the names of politicians. However, seeing the level of prosperity and extravagance and comparing it with their situation years ago gives an indication of the extent of corruption .”

She explained that "corrupt funds were smuggled to neighboring countries and were thrown into large investment projects that revived the economies of several capitals, to the extent that those countries do not actually cooperate with Baghdad in order to clarify the fate of Iraq's funds because they benefit in different ways," indicating that "searching for Iraq's previous funds is difficult, but the most important thing is to reconsider the investment file and make it within a scope that serves the country's economy and to approve serious steps to combat corruption in order to preserve what remains of the country's wealth  link

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Tishwash:  Saleh: The Central Bank's dollar reserves are solid and the GDP rate is very optimistic

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the cohesion of foreign reserves, especially the dollar, at the Central Bank of Iraq.

Saleh told Al Furat News Agency, "Covering urgent expenses in dollars, as they represent the desired demand for foreign currency, in addition to the level of sufficiency of incoming foreign currency flows and the level of maintaining the country's reserves of the total foreign currency held by the Central Bank, is subject to two main factors."

He explained that the first factor is "the nature of the oil asset cycle, which is still at its highest levels of global price increases due to the strength of global demand for energy, and that economic expectations indicate that potential price fluctuations towards a decline are still out of reach and are largely linked to the end of military operations in Ukraine, and the return of the flow of Russian gas and oil, especially to European markets, as the Russian Federation is the second largest oil-producing country in the world and leads the production and export of gas to major consumer markets in the European continent directly." 

The other factor, according to Saleh, “is related to the surplus in the current account of the Iraqi balance of payments, as estimates issued by international financial institutions indicate that this percentage of the surplus in the current account of the Iraqi balance of payments to the country’s gross domestic product is no less than {positive 6%}, which is a very optimistic positive percentage.”

He explained that "both factors indicate the cohesion of the country's foreign reserves, which are generated by high oil export revenues to date, versus control over outward cash flows of foreign currency to meet local demand for imported goods, services and foreign benefits, as the current account of the balance of payments indicates that it is in a positive and stable position and is consistent with the general budget's spending tendencies during the current fiscal year 2024."  link

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Tishwsh:  Central Bank Under Wide Criticism After Failure To Control Exchange Rate

The Central Bank of Iraq announced today, Wednesday, the total sales of foreign currency through the electronic window. The window recorded the total amounts of transfers abroad (remittances, credits) at $267,587,912, while the total cash sales amounted to $7,050,000, bringing the total to $274,637,912.

The Central Bank set the selling price for transfers and cash at 1,310 dinars per dollar, while documentary credits and international settlements for electronic cards were set at 1,305 dinars.

The Central Bank of Iraq is facing widespread criticism from various economic and political circles due to its current policies and its inability to control the exchange rate of the dinar against the dollar. Under the government of Mohammed Shia al-Sudani, who decided to reduce the exchange rate to 1,320 dinars per dollar, the Central Bank was unable to actually control the price, which led to the emergence of a parallel market benefiting private banks that were described as similar to shops for exchanging dollars.

The instability of the exchange rate and the emergence of the parallel market have increased pressure on the Iraqi economy. These private banks are one of the biggest beneficiaries of the current situation, as they can buy dollars at lower prices than the official market and sell them at higher prices in the parallel market. This situation leads to economic instability and increases the burden on citizens who face rising prices due to the fluctuation of the exchange rate.

These problems reflect the weakness of the Central Bank of Iraq’s management and the inability to take effective measures to limit the influence of the parallel market. Many experts believe that the Central Bank needs to adopt more stringent policies and coordinate with government agencies to achieve tangible economic stability. The current situation requires serious steps to narrow the gap between the official and parallel markets and ensure price and exchange rate stability.

It is imperative that the Central Bank of Iraq strengthens oversight of the financial market and takes strict action against banks that exploit the situation to make illicit profits. The Iraqi government must also support the Central Bank through comprehensive economic policies that contribute to the stability of the local currency and the strengthening of the national economy.

The biggest challenge facing the Central Bank of Iraq and the Iraqi government remains achieving economic stability and ensuring fair distribution of opportunities and resources among all segments of society. Addressing the problem of the exchange rate and the parallel market requires joint efforts from all concerned parties to reach radical and sustainable solutions.  link

Mot: .. Don't Worry!! -- Beeee Happy!!

https://www.youtube.com/watch?v=wIm-tMAktTo

News, Rumors and Opinions Thursday AM 7-25-2024

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. 25 July 2024

Compiled Thurs. 25 July 2024 12:01 am EST by Judy Byington

Activation of the Emergency Broadcast System Worldwide =
Mainstream Media Satellites Go Down =
Communications Blackout =
New Quantum System =
Military Law =
GESARA =
Freedom From Debt Chains of the Cabal

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.

THE EBS – WHAT TO EXPECT:  Rumors/Opinions

There will be (allegedly) a EBS message sent over phones, TV and radio around the Globe saying that in the next five hours or so, everyone needed to be home for a global lockdown that would last 10 to 12 days.

NESARA will be announced to the world, which will show that EVERYTHING NEW is beginning.

At the end of the 12 days, they will give out an 800 number for individuals to call to obtain an appointment to set up your Quantum money account on the new Star Link Satellite System.

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Global Currency Reset:  Opinions/Rumors

Wed. 24 July 2024 Ginger’s Liberty Lounge: Happy Camper German Bond Holders were being processed in Europe. That fits in with what we are experiencing here! A friend of mine who lives in Germany is very close to what’s happening in Zurich! She told me two weeks ago that everything was being processed and settled, and I asked her how far along they were, how long it would take and she sent me pictures of a boat party which took place on a big lake so apparently she’s not allowed to talk about it, that was answer enough for me.

Tues. 23 July6 2024 Wolverine: The millions of people in the Precatorios Platform were made liquid on Tues. 23. Private contractors are also being paid. More have been called into Zurich. My Asian contact said that their platform starts on Wed. 24 July. I was told Mon. night, that a certain country in Asia was about to release on Tues. 23 July. China as well. A committee member in London confirmed that funds will be released Tues. afternoon in Reno and payments on Wed. 24 July.  Reno has liquid funds. They received instructions to pay on Wed. 24 July. On Thursday D-1-D-2 will be released. The platforms will receive their funds on Wed. 24 July, but they must wait for D1 and D2 to go live on Thursday. Dubai 1 and Dubai 2 provide all the money for the exchange. At this moment there is a start in Brazil, for the beneficiaries of this process.

Tues. 23 July 2024 Bruce: Tier4b (us, the Internet Group) could be notified at any time. Bond Holders have been told they will be notified on Wed. 24 July and get access to their monies on Thurs. 25 July.

Tues. 23 July 2024 MarkZ: Historic Bond paperwork – especially on the Asian Bonds – has been sent to the Hague. I’m hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck.”

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Global Financial Crisis:

Wed. 24 July 2024 US Banks to begin reporting Russian assets for eventual forfeiture under new law.

On Wed. 24 July 2024 the Stock Market was Big Red Mad.

Read full post here:  https://dinarchronicles.com/2024/07/25/restored-republic-via-a-gcr-update-as-of-july-25-2024/

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

Frank26   The Iraqi dinar is the only currency in Iraq.  Therefore that currency has to go up in value.  It  has to go up in value, it's going International.  How do you know it's going international?  Because Sudani...Alaq, the governor of  the CBI said so.  I'm not pulling things out of the air.  I'm repeating to you what these great leaders are doing in their  county...

Frank26  The direction that the monetary reform is going is in the direction to add value and introduce new lower denoms and to change the exchange rate and then to float.  That's the step we're in.  We're not in a step where we need to pass laws.  We're not in a step where we need permission from anybody over there, over here, over there - United Nations Security Council, the Untied States Treasury, nobody.  We're at the point where Neil Armstrong is just about to put that right foot on the moon.

Iraq US Security Summit in Washington DC This Week

Edu Matrix:  7-25-2024

Iraq US Security Summit in Washington DC This Week

https://www.youtube.com/watch?v=doHpLf6fF9s

BRACE FOR IMPACT! It's the total collapse of the US Dollar

Morris Invest:  7-24-2024

https://www.youtube.com/watch?v=Be4ut-k5tkU

Seeds of Wisdom RV and Economic Updates Wednesday Evening 7-24-24

Good Evening Dinar Recaps,

XRP WHALES Go On $84 MILLION Buying Spree To Lock Down 140 Million Tokens

"XRP whales look to have regained their confidence in the XRP token, with recent data showing an accumulation trend among these investors. This is significant as XRP eyes the $1 mark and as these XRP whales could play a role in facilitating such a price rally. "

"Crypto analyst Ali Martinez recently shared data from the on-chain analytics platform Santiment, which shows that XRP whales bought over 140 million XRP ($84 million) this past week."

"This increase in whale accumulation is also a factor that could contribute to such a rally, as these investors could use their market influence to push XRP’s price to new highs. Santiment recently noted that XRP’s impressive rebound is supported by the rising level of coins held by xrp whales and sharks with over 100,000 tokens. According to Santiment, this category of investors now holds over 51 billion XRP tokens, a new all-time high (ATH).

"n addition to this significant whale accumulation, network activity on the XRP ledger (XRPL) also paints a bullish picture for XRP. Santiment revealed that the XRPL is witnessing a notable increase in new addresses created and total addresses interacting on the network. Both metrics are at their highest levels since March.

"Specifically, data from Santiment shows that 1,721 new XRP wallets were created on July 18 and that 47,363 individual addresses interacted on the network that day. This is also a bullish signal as it suggests that retail investors are also flocking into the XRP ecosystem in anticipation of higher prices from the crypto token. XRP’s technicals also suggest that a significant price rally is on the horizon. "

@ Newshounds News™

Read more:  Bitcoinist

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South African Startup Neonomad to Launch Rand-Backed STABLECOIN

"South African fintech startup Neonomad, a hybrid exchange platform, is set to launch Zarcoin (ZARC), a rand-backed stablecoin. The goal of Zarcoin is to bridge the gap between traditional and crypto finance while enabling seamless local and cross-border transactions."

"According to a report, the STABLECOIN is set to cater to both unbanked and banked South Africans, utilizing Solana Pay for instant and low-cost transactions."

"For his part, Devon Krantz, COO of Neonomad, stated that the STABLECOIN and the firm’s app are intended to facilitate multiple offerings, even in the decentralized finance (defi) space. He added that Neonomad’s platform is specially designed to transition users from traditional banking platforms to the startup’s “secure STABLECOIN ecosystem.”

"Meanwhile, the report revealed that the hybrid exchange platform also plans to launch an educational program to boost cryptocurrency usage among South Africans. Neonomad aims to achieve this by launching a coworking space for crypto enthusiasts in Cape Town sometime during the last quarter of 2024."

@ Newshounds News™

Read more:  Bitcoin

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TWO CALLS COMING SOON

1.  A call from ISAAC  -  WHO IS ISSAC -  BIO

Isaac has SKRs, buyers, and contact with the Paymasters' Paymaster and Chinese Dragons.

2. A call with BOB LOCK - COMMON LAW - TRUSTS - ZIM

Read more:  Isaac

Read more:  Bob Lock

Calls are recorded and in the archive room. 

When we have the details they will be shared all over. Stay tuned.

Let's cover the questions you might have.

Where are we with the RV in News?
▪️ Join: Newshounds News 
▪️ Join: QA RV Classroom 
▪️ Listen: Podcast 

What about trust, Zim to RV updates?
▪️Join:  Bob Lock RV - Trust - New Book 

What are the updates on crypto and more?
▪️Join: Start Here

~~~~~~~~~

Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

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Thank you Dinar Recaps

News, Rumors and Opinions Wednesday PM 7-24-2024

KTFA:

Clare: Central Bank Governor discusses with UN Regional Representative the development of bilateral programmes

July 23, 2024

His Excellency the Governor of the Central Bank of Iraq, Chairman of the Anti-Money Laundering and Terrorist Financing Council, Mr. Ali Mohsen Al-Alaq, received the Regional Representative of the United Nations Office on Drugs and Crime for the Middle East and North Africa, Ms. "Christina Albertin" and her accompanying delegation. 

During the meeting, they discussed strengthening bilateral relations and completing the programs achieved between the two sides, especially with regard to capacity building in following up on criminal proceeds in accordance with international best practices.

The guest delegation praised the efforts made by the Iraqi Anti-Money Laundering and Terrorist Financing Office in combating cross-border crimes, following up on proceeds, and strengthening the work of the internal, regional and international system.

It is noteworthy that Iraq is hosting the Second Baghdad International Conference on Combating Drugs, under the patronage of the Prime Minister, who made it clear in his speech during the conference that drugs threaten the stability of the region, and Iraq's vision towards combating them is not limited to the harm targeting its youth, but will be a factor in comprehensive instability in the region if neglected.

Central Bank of Iraq
Media Office
July 23, 2024

https://cbi.iq/news/view/2622

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Clare: Baghdad Governor: The capital's development road path will include the largest commercial exchange station

7/23/2024

Baghdad Governor Abdul Muttalib Al-Alawi chaired an expanded meeting to discuss the final path of the development road, noting that it will include the largest commercial exchange station in the capital.

The Media and Government Communication Department in Baghdad Governorate stated: "The meeting witnessed the participation of representatives from the Ministries of Construction and Housing and Public Municipalities and Planning, a number of general managers and the technical assistant to the Governor of Baghdad and heads of administrative units in the districts and sub-districts in Baghdad Governorate."

The governor said, according to the statement: "The files of conflicts and compensations for the owners of disposal rights and everything related to this important and vital path for Iraq and Iraqis were discussed, in terms of the economic, social, security and political aspects," noting that: "The path that will pass through Baghdad Governorate cuts approximately 28-30 km after changing the path line, and contains the largest commercial exchange station in Baghdad, and will give a clear economic return and provide employment for workers."

Al-Alawi pointed out: "The attendees stressed the need for cooperation and coordination between the concerned parties to establish this important strategic vital line, which will give Iraq an important strategic and economic dimension."   LINK

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

Mnt Goat   Again, I have to ask as to why the reinstatement has not already occurred, if no other rate on FOREX than to reflect the assets of the oil rentier economy already established and ongoing as we know it prior to 1990.  Prior to 1990, the rate of the dinar was hovering around $3.22. So why are they still artificially suppressing the rate now? Now, it’s 1/6 of a penny? The war has been over for 21 years, all of Chapter VII sanctions are lifted a year and a half ago, Iraq is producing 1/3 more oil than in 1990, their monetary reserves are the highest in history, up to 150 tons of GOLD and many more other marketable assets are now in motion...  [Post 1 of 2....stay tuned]

Mnt Goat   Oh…did I mention de-dollarization and all the banking and anti-corruption measures already put in place...I believe it is this “all or nothing” attitude that is holding back Iraq as it needs its currency back online now. This is especially true for attracting foreign investors...  my CBI contact told me...why the Project to Delete the Zeros is stalled. I will not get into details of these reasons...as I feel we must just buckle down and wait for this Biden administration to end, at least the part that is controlling the US Treasury and pretending to work with Iraq...I have strong knowledge from my CBI contact this is what has been holding up the RV. The US Treasury will NOT release it...  [Post 2 of 2]

IRAQ- Saudi Arabia China Heavily Investing in Iraq Micro Special Report

Edu Matrix:  7-24-2024

IRAQ- Saudi Arabia China Heavily Investing in Iraq Micro Special Report - This is what is happening behind the curtains when it comes to investing in Iraq's future.

https://www.youtube.com/watch?v=ost2Rw3ahLU

Hidden In Plain Sight: YOU ARE NOT ALLOWED TO KNOW... A "BLACK HOLE INSIDE A BLACK HOLE."

Greg Mannarino:  7-24-2024

No loans, No deposits and no deals.

https://www.youtube.com/watch?v=1ZvLImOlqm0

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 7-24-24

Good Afternoon Dinar Recaps,

PUTIN WANTS RUSSIA TO EMBRACE THE DIGITAL RUBLE

"The digital ruble has proven its viability and it is time to move on to a wider use of the currency, Russian President Vladimir Putin said at a meeting about the economy."

"Digital currency works much the same way as national currencies used by central banks of various countries, making transactions more transparent and easier to track. 

Russia is not the first country to think about going digital; the leader in this sphere is China, which was among the first nations to widely introduce digital currency with the digital yuan, Natalya Milchakova, lead analyst at Freedom Finance Global, explained to Izvestia. Only a few countries have fully switched over to using digital currencies, mostly countries in the Caribbean, such as the Bahamas and Jamaica."

""Russia wants to be at the cutting edge of modern technologies, including financial services. The DFA (tokens) market is already taking off in the country, including those issued by major industrial enterprises in order to inject money into promising projects," Milchakova explained.

Putin wants to take this a step further: to move on to a wider large-scale implementation of the digital ruble in the economy, business and finance. This may help the government in terms of controlling the budget, cutting the cost of budget payments and easing trans-border transactions."

"The digital ruble has a chance to become a full-fledged payment instrument for individuals and companies but to make this a reality, the government has a lot of work to do, and it must learn from past mistakes made by other countries when implementing such currencies.

There, people saw certain risks for financial confidentiality or restrictions of financial freedom," the legislator noted in a conversation with Izvestia."

@ Newshounds News™

Read more:  TASS

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WHAT IS "JUNK SILVER?"

"United States 90% silver coins were minted to be used as money, were used as money, and could be used as money again.  Minted before 1965, they are called junk silver coins because they have no collector or numismatic value.  The coins are bought and sold for the value of their silver content."

"When minted, a bag of 90% junk silver coins contained 723 ounces of silver, but because of wear a smelted bag of dimes or quarters will net about 715 ounces. A bag of half-dollars will net a little more, maybe 718-720 ounces because half-dollars did not circulate as much as dimes and quarters, and, therefore, did not suffer as much wear."

"Because a “bag” ($1000 face) contains approximately 715 ounces of silver, it tracks the spot price of silver. If silver goes up ten cents, a bag of US silver coins rises $70 or so; however, when junk silver coins are in short supply their premiums can increase."

"Although many investors buy junk silver coins as bullion investments, other investors buy junk US silver coins for “survival purposes.” These buyers fear the worst for the dollar, that it will be printed until it becomes worthless. If this “worst-case scenario” were to become reality, US silver coins would be used for the purpose they were originally minted: as money."

@ Newshounds News™

Read more:  CMI Gold & Silver

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STABLECOIN ACTIVITY IN ARGENTINA

"A graph of Bitso crypto exchange activity in Argentina demonstrates the high level interest in stablecoins. Stablecoins entirely dominate the daily volumes as opposed to other cryptocurrencies. It would be easy to assume that Argentinians are not interested in Bitcoin, but that’s not quite true."

"At first we thought there might be a mistake. However, there are several rationales for both these graphs to be accurate. 

Take the scenario of someone who lives in Argentina. When they receive their wages they convert them to dollar stablecoins. Then whenever they want to spend money, they draw down dollars. That would create a lot of stablecoin activity. The same person could still have their savings in Bitcoin. Hence. the daily transactions could be evidence of everyday spending."

@ Newshounds News™

Read more:  Ledger Insights

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What’s keeping silver down while gold hold above $2,400?

"(Kitco News) - Gold has been able to maintain a solid uptrend, building a new base with each rally; however, this momentum has not filtered through the entire sector as silver struggles to find its footing."

"While gold is fighting for support at higher lows around $2,400 an ounce, silver is struggling around $29 an ounce. Silver's underperformance compared to the yellow metal has pushed the gold/silver ratio to its highest level in two months, back above 82 points."

"Some analysts have said that gold is benefiting as a safe-haven asset because of rising geopolitical uncertainty, fueled by the U.S. elections in November."

“Silver usually follows the price movements of gold disproportionately. However, this has recently only applied to the downside. The previous upward movement in gold following the US inflation figures was more or less ignored by silver,” said Carsten Fritsch, Commodity Analyst at Commerzbank.

“The relative weakness in silver is likely due to the weakness in base metals. This is because industrial applications are expected to account for almost 60% of silver demand this year.”

"Although silver continues to struggle, many investors are still not ready to give up on the precious metal. In a recent interview with Kitco News, Robert Minter, Director Of Investment Strategy at abrdn, said that he expects silver to eventually outperform gold as the Federal Reserve starts to cut interest rates."

@ Newshounds News™

Read more:  Kitco

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SENATOR CYNTHIA LUMMIS RELEASES REPORT ATTACKING BIDEN'S MINING TAX

The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

On July 23, Senator Cynthia Lummis released a report arguing against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners.

The report, titled "Powering Down Progress: Why A Bitcoin Mining Tax Hurts America", put the Bitcoin
BTC mining industry into sharper focus, highlighting the benefits of the critical mining infrastructure to the United States' energy grid.

Lummis cited the Bitcoin Energy and Emissions Sustainability Tracker as evidence that Bitcoin mining is cleaner than is commonly imagined, noting that up to 52.6% of BTC mining might be emissions-free.

A breakdown of sustainable Bitcoin mining. Source: Batcoinz

The pro-crypto senator then turned her attention to the increasing role of Bitcoin mining facilities in securing the energy grid. Mining facilities represent large, dynamic electrical loads that can be used to balance and redistribute energy to electrical grids during times of need.

Perhaps no other example illustrates this more than the ongoing efforts between the Electrical Reliability Council of Texas (ERCOT) and Bitcoin miners to stabilize electrical grids. The GOP lawmaker explained that in 2022, Bitcoin miners were able to sell 1500 megawatts of energy back to the grid during peak demand. A similar pattern played out in 2024, with Bitcoin mining infrastructure acting as a Controllable Load Resource for Texas’ grid during winter storm Heather.

A 30% tax would hurt the environment that regulators claim to protect
The Wyoming senator explained that levying a 30% excise tax on Bitcoin miners would disincentivize them from seeking sustainable forms of energy and novel energy recycling techniques. Although Lummis gave the example of sequestering methane from trash dumps to mine Bitcoin, similar examples can be seen in El Salvador, where the government mined 474 Bitcoin using volcanic energy.

Another example of the energy efficiencies introduced by Bitcoin mining can be found in the Satakunta region of Finland, where an entire community of 11,000 individuals is warmed by excess heat produced by a Marathon Digital mining facility.

The mining giant also signed an agreement with Kenya’s government earlier this year to further develop the country’s renewable energy sector, a thriving industry already delivering up to 80% of the country’s energy needs.

The Laffer Curve will get the final laugh
Lummis concluded her report by arguing that increasing taxes on Bitcoin miners will lead to the industry leaving the United States, reducing the sought-after tax revenues. This inverse relationship between tax rates and tax revenue is known as the Laffer Curve.

A chart highlighting Bitcoin hashrate dominance between global powers from 2019-2022. Source: Powering Down Progress by Senator Cynthia Lummis

The senator pointed out that this has already happened in China, where the 2021 mining ban drove out the once-thriving mining industry.

Before the ban, Chinese miners controlled a majority of the Bitcoin network’s hashrate.

@ Newshounds News™

Read more:  Coin Telegraph

~~~~~~~~~

What are the strongest currencies in the world? (2024)

Ever wondered which is the strongest currency in the world? There are lots of factors which can push a currency up the global rankings, from low inflation to a strong economy, to interest rates or oil and gas exports.

What is currency strength?
According to Nasdaq a strong currency is:

“A currency whose value compared to other currencies is improving, as indicated by a decrease in the direct >exchange rates for the currency”.

Put simply, the definition of a ‘strong currency’ is when a currency is worth more than another country's currency. ‘Currency strength’ refers to how strong or weak a currency is at any given time.

What are the top 10 strongest currencies?

1. Kuwaiti dinar
The Kuwaiti dinar (KWD) is the world’s strongest currency, and this is for a number of reasons. For starters, Kuwait has one of the largest oil reserves in the world.

It’s also a wealthy country, whose government has prioritised the growth of the country’s private sector, the diversification of the economy and responsible budgetary policies. All of these factors have contributed to the stability and resilience of the Kuwaiti dinar.

Today     1 USD = 0.305640 KWD     

2. Bahraini dinar
The second most valuable global currency is the Bahraini dinar (BHD). Oil and gas again play a part in the Bahraini dinar’s strength, as a major part of the country’s income derives from exports of gas and oil.

Bahrain has also become a regional financial hub, which has attracted international capital and helped to expand the country’s economy.

Today     1 USD = 0.377000 BHD   

3. Omani rial
The Omani rial (OMR) is another of the world’s strongest currencies, again thanks to exports of oil and gas. However, the government in Oman is working on lessening the country’s dependence on oil markets. It has taken steps to support other industries in order to diversify the economy, which should help to sustain the resilience of the rial.

Today    1 USD = 0.385015 OMR   

4. Jordanian dinar
The Jordanian dinar (JOD) is high up the list of the world’s strongest currencies for a combination of reasons. It is an oil and gas exporting nation, but is less dependent on this than some of its neighbours.

Other factors contributing to the dinar’s success include the actions of Jordan’s central bank, which has taken a cautious approach to monetary and fiscal policy. It is dedicated to price stability and exchange rate flexibility, as well as keeping ample foreign exchange reserves to protect against external shocks.

Today     1 USD = 0.708500 JOD

5. British pound
Now we come to a familiar currency - the British pound sterling or GBP. The pound is the fifth-strongest world currency in 2024, despite the turbulence of Brexit and uncertainty surrounding ties between the UK and the EU. The UK has also experienced political upheaval, such as the ‘mini budget’ by then-PM Liz Truss which triggered a major drop in the value of the pound.

While the pound may have experienced volatility over the last few years, it remains one of the most popularly traded currencies. Its strength and resilience is partly down to the UK’s reputation as one of the world’s biggest countries by Gross Domestic Product (GDP).

Today    1 USD = 0.773784 GBP

*️⃣NOTE:  Since this article was published the British pound has moved to 6th place and the Gibraltar pound has move up to the 5th position.

6. Gibraltar pound  
In the sixth spot on our list is the Gibraltar pound (GIP). The driving force behind its stability and strength is its relationship to the British pound (GBP). The GIP is pegged to the GBP, and the two countries maintain a close relationship.

Today    1 USD = 0.773754 GIP

7. Cayman Islands dollar    
The Cayman Islands dollar (KYD) derives its strength and stability due to the territory’s status as a leading global financial hub. The islands are home to a wide range of financial institutions, enterprises and investment funds, all attracted by a robust regulatory system, advanced banking infrastructure and advantageous tax policies.

Today    1 USD = 0.820000 KYD

8. Swiss franc
The 8th strongest global currency is the Swiss franc (CHF). The Swiss National Bank (SNB) ensures the stability of the currency with a range of crucial measures. This includes implementing monetary policy, maintaining price stability and supervising banks and the financial sector in Switzerland. All of this bolsters investor confidence in the Swiss franc.

Today    1 USD = 0.884350 CHF

9. Euro
The euro (EUR) is one of the world’s major reserve currencies, whose value is influenced by a large number of variable factors. This is because it is the currency of 20 EU member countries, all with their own economic policies.

However, monetary policy and price stability within the region is overseen by the European Central Bank (ECB). The bank has taken steps to maintain the stability and reliability of the euro, primarily by careful management of inflation.

Today    1 USD = 0.921700 EUR

10. US dollar
Last, we have the US dollar (USD) - the world’s 10th strongest currency. You might be surprised not to see the dollar higher up the list, as it is by far the most traded currency on the planet. Plus, the US economy is the biggest in the world in terms of GDP. The dollar is used to price commodities, and it’s also one of the world’s largest reserve currencies. Major US banks are also global leaders.

However, the strength of a currency is determined by complex factors, including supply and demand in the foreign exchange market.

What is the weakest currency in the world?
The Iranian rial (IRR) is the weakest currency in the world.5

What is the most traded currency in the world?
The US dollar is the world’s most traded currency.²

How is foreign currency priced?
There are two main ways that foreign currency is priced. The first uses a floating rate, which is determined by the open market through global supply and demand. If the currency is in demand, its value usually increases.

The second pricing method is a fixed rate, also known as a pegged rate. This is determined by the government through its central bank, and is set against another major global currency (such as USD or EUR, for example).

What is the most stable global currency?
The Swiss franc (CHF) is generally considered to be the most stable currency in the world in 2024.6

What is the strongest currency pair?
The strongest currency pair is the euro (EUR) and US dollar (USD),7 as it is one of the most commonly traded and both locations have large and strong economies.

How do I know which currency is stronger?
One of the easiest ways to work out which currency is stronger is to compare one currency to another, using exchange rates. A higher exchange rate suggests that a currency is stronger compared to the other.

In what country is GBP worth the most?
To determine where GBP is worth the most, you would typically look at exchange rates against other currencies. But remember that exchange rates fluctuate constantly based on factors such as economic conditions, interest rates and geopolitical events.

This means you’ll need to look at exchange rate data to see which country's currency offers the most favourable exchange rate against the British pound at any given time. When researching, watch out for hidden fees to make sure you’re getting the fairest price. At Wise, we’re transparent and upfront about the cost, we use the mid-market rate, and never hide fees*.

@ Newshounds News™

Read more:  Wise

~~~~~~~~~

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Chris Macintosh: We are Facing a 1 in 100-Year Financial Rebalancing

Chris Macintosh: We are Facing a 1 in 100-Year Financial Rebalancing

Palisades Gold Radio:  7-24-2024

Tom Bodrovics welcomes a new guest to the show Chris Macintosh. Chris is the founder of CapitalistExploits and a seasoned hedge fund manager with experience in seven countries.

They engage in a discussion revolving around ongoing recalibrations and rotations in capital markets, focusing primarily on the deindustrialization of the West and financialization as significant shifts over the last few decades.

Chris underlines the disconnect between Western nations' massive market caps and their actual production capabilities. He also discusses short-term changes such as the increasing dominance of few companies in the S&P 500, accounting for a substantial percentage of market capitalization, and passive capital flows from Western economies affecting investing, particularly smaller companies.

Chris expands on the potential consequences of a mere 10% rebalance in Western markets, emphasizing instability arising from massive sovereign debts, derivative markets, and potential debt cycle inflation. He highlights the anomaly of passive capital flows toward large cap stocks and the importance of asymmetry in investing for low downside risk with significant upside potential.

 Chris mentions automation selling during a downturn and seeking contrarian sectors as an alternative investment strategy. The conversation shifts to cover geopolitical risks, including the possibility of 'great taking' or conflict, having assets outside the financial system in counter-cyclical, counter-jurisdictional asset classes like food, shelter, agriculture, precious metals, and maintaining a long-term perspective.

Chris discusses the importance of education, problem-solving skills, diversification, and taking action to deal with fear. He prefers Latin and South America for living and investing.

 He advocates for banking in multiple jurisdictions and investing in cash-flowing businesses.

Time Stamp References:

0:00 – Introduction

 1:07 - Economic Overview & Trends

14:30 - Derivatives & Rebalancing

 24:14 - A Silent Bull Market

27:59 - Liquidity Analysis

31:30 - Great Taking & Risks

36:05 - Cloudstrike & Russia

39:08 - War & Capital Shifts

42:57 - Politics Stability & Capital

 49:07 - Interesting Jurisdictions

 54:19 - Banking & Diversification

58:24 - Fear, Volatility & Action

 1:04:13 - Wrap Up

Talking Points From This Episode

- The West's massive market caps vs production capabilities create instability due to debt and derivative risks.

- The impact of passive capital flows on investing, with unloved sectors offering potential protection.

 – Preparing for a rotation away from overvalued equities and towards undervalued sectors.

https://www.youtube.com/watch?v=YjrkdxSpVp8

Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained

Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained

On July 23, 2024 By Awake-In-3D

A written summary and follow up of the new BRICS Gold-Backed UNIT currency system and exchange rate pair valuations

This is a written summary of the Endgame GCR Episode 2 Podcast with Marie G. and Awake-In-3D.

Episode 2 focuses on the BRICS currency model, particularly the gold-backed UNIT system. The discussion aims to go deeper into this model, as previously discussed in Episode 1.

Episode 2 of the podcast centers on the idea of exchanging or redeeming GCR currencies and bonds for a higher exchange rate within the new gold-backed system. This system, referred to as the BRICS UNT or UNIT currency system, is designed to operate using gold backing.

Several assumptions are made for calculating currency rates within this system. These include using the price of gold per gram and considering the gold holdings of each BRICS country.

Variables such as the amount of gold each country possesses are factored in, despite some uncertainties. For instance, China’s gold purchases have continued in private channels despite official reports of cessation.

The UNT formula is composed of 40% gold and 60% currency basket. There are assumptions regarding the number and composition of the currencies in this basket. The global currency reset (GCR) aims to be gold-backed, seeking to achieve increased transparency and valuation based on each participating nation’s gold holdings.

The composition of the currency basket was also based on limited information from the UNT currency system white paper. Additionally, assumptions were made about the capabilities of digital platforms for exchanging UNT-based currencies.

The results from the calculations were impressive, even with the assumptions. The numbers and formulations were derived from the available data from BRICS and Russian government sources, resulting in fascinating insights.

In this segment, the discussion highlights the current members of the BRICS Plus alliance, which now includes ten countries: China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. Argentina, initially invited, rescinded its invitation.

Additionally, Iraq and Vietnam were mentioned but not included in the main analysis. Further detail on the IQD and VND exchange rates against a pure fiat currency (such as the USD, EUR, etc.) will be presented in a future episode of the Endgame GCR Podcast.

We present the latest gold reserves per country based on data from the International Gold Council and other sources. They acknowledge that China and Russia likely possess more gold than officially reported, as they are the largest gold producers globally.

For calculations, gold reserves are converted into grams. For instance, China has 2.262 billion grams of gold in reserves. The gold price per gram is also provided, with one gram of gold priced at 561 yuan in China and 6,765 rubles in Russia.

A critical aspect discussed is the weighted average of each country’s share of gold. The total gold reserves for the BRICS countries amount to approximately 7.5 billion grams. Due to lack of data, Ethiopia’s gold reserves are not included.

China contributes 30% to the total gold reserves, while Russia contributes 31%, making them the largest contributors as seen in the chart below.

We then explain the formula for calculating the new gold-backed currency value, or purchasing power, based on the UNT system. The formula involves a 40% gold component and a 60% currency component.

Using China as an example, with a 30% share of the total gold reserves and the gold price of 561 yuan per gram, the calculation proceeds as follows:

1. Calculate 40% of the gold component: 40% of 561 equals 224.4.

2. Multiply the 30% share by the gold price: 30% of 561 equals 168.3.

3. Take 40% of this value: 40% of 168.3 equals 67.32.

For the currency component, calculate 60% of the gold price:

• 60% of 561 equals 336.6.

Adding these components gives the value of one UNT in yuan:

• 67.32 plus 336.6 equals 403.92, approximately 404 yuan per UNT.

Additionally, this translates to the gold value, where one UNT-based Yuan equals the equivalent value of 0.72 grams of gold.

These calculations are applied to other BRICS countries, providing a comparative understanding of how the UNT system will function. This detailed explanation aims to ensure transparency and accuracy, utilizing tangible data to the best of the our abilities.

In the final part of the discussion, we address the practical implications of the new gold-backed UNT system for international trade among BRICS Plus countries. They focus on how these countries will engage in trade without relying on fiat currencies or converting into U.S. dollars.

The BRICS Plus alliance includes China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. As these countries transition to the gold-backed UNT system, they will no longer use fiat currencies for transactions.

For example, if China buys oil from Russia, they will use the UNT system rather than converting currencies to U.S. dollars.

The new currency exchange rates under the UNT system are explained using specific examples. One UNT equals 404 yuan, and one UNT equals 4,900 rubles.

This establishes a new currency pairing system for trade. The exchange rate between the yuan and ruble under the gold-backed system indicates that one gold-backed yuan is slightly less than one gold-backed ruble because Russia’s gold holdings are slightly larger than China’s.

The chart shows various currency pairings, highlighting near-parity among them. For instance, the ruble to yuan exchange rate is 1.005, while the yuan to Indian rupee exchange rate is 1.19.

This near-parity across all participating currencies is significant, as it means that countries can trade almost one-to-one using the UNT system, which contrasts sharply with current disparities in fiat currency values.

A striking comparison is made between the IQD (Iraqi dinar) and the yuan. Currently, the IQD is valued at 1,310 to one U.S. dollar, and the yuan at 7.2 to one U.S. dollar.

Under the UNT system, these currencies achieve near-parity, with the IQD and yuan exchange rate around 0.84 to 1.16. This parity provides a more balanced and equitable cross-border trading environment.

The discussion also touches on the potential implications for global trade if BRICS countries engage with fiat currency-based economies like the U.S. or Europe.

The cost of using U.S. dollars for trade would be significantly higher compared to using the UNT system. This highlights the competitive advantage and cost-effectiveness of the gold-backed system for international transactions.

We emphasize that the UNT system will create purchasing power parity (PPP) between countries, leading to a more level playing field. This system could potentially reduce the wage disparity between workers in different countries by establishing more equal currency values.

In the conclusion of this podcast episode, we reflect on the broader implications of the UNT system for global finance. We discuss the potential for increased purchasing power and liquidity within the system, driven by the inherent arbitrage opportunities.

The transition to a decentralized, blockchain-based financial system is anticipated to enhance the efficiency and fairness of international trade, aligning with the goals of the global currency reset (GCR).

The podcast underscores the profoundly transformative potential of the gold-backed UNT system, highlighting its ability to establish a more equitable and balanced global economic landscape.

Read the official BRICS UNIT (UNT) Q&A here:

Click to access unit_faq.pdf

=======================================

© GCR Real-Time News

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

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

Follow me on Twitter: @Real_AwakeIn3D

News, Rumors and Opinions Wednesday AM 7-24-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 24 July 2024

Compiled Wed. 24 July 2024 12:01 am EST by Judy Byington

Imminent!
Emergency Broadcast System Release Globally
Global Communication Blackout
NESARA/GESARA Release
Freedom From Debt to The Deep State Cabal
Global Currency Reset of 209 Sovereign Nations to Gold/Asset-backed Currencies

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.

Global Currency Reset:  (Opinions/Rumors)

Tues. 23 July 2024 Bruce:

The Emergency Broadcast System and Emergency Warning System will (allegedly) start on Wed. 24 July or Thurs. 25 July.

The Redemption Center screens (allegedly) showed solid rates late Tues. afternoon.

By Wed. 24 July at 9:30 EST the rates will be (allegedly) solid on the Redemption Center screens.

Staff will(allegedly)  be sent in at 10 and 2 pm to cover day on Wed. 24 July.

Tier4b (us, the Internet Group) should get notified Wed. 24 July and start that same day.

The Iraqi Dinar(allegedly)  has a Contract Rate that will be offered to US citizens – very high

Zim Holders (allegedly) have precedent going in for appointments and for Med Bed appointments

Bond Holders will (allegedly) be notified on Wed. 24 July and get access to their monies on Thurs. 25 July.

~~~~~~~~~~

Tues. 23 July 2024 MarkZ: Some interesting historic bond stuff. I am hearing comforting things from the bond side and this is coming from many sources….that historic paperwork –especially on the Asian bonds was sent to the Hague. I am also hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck” and seems to be moving much quicker now that the current administration is no longer delaying things. They are too preoccupied to keep slowing and stopping things right now.

Mon. 22 July 2024 Banker: “The banker is traveling back to Texas on Wednesday and is hopeful for a Thursday announcement with appointment scheduling to follow thru the weekend. We shall see.”

Tues. 23 July 2024 Wolverine:

“I am so excited. The Precatorios Platform was (allegedly) made liquid today. We are talking millions of people. Private contractors are also(allegedly)  being paid. I also heard that more have been called into Zurich. My Asian contact said that their platform starts on Wed. 24 July.”

“I have been crying a lot and full of happiness. What a day to wake up to. I received a call at 5 am this morning and listened to the yells and screams of joy from leaders in the Precotorious group! It is mindboggling that all this has been released at last. They will be blessed in a few days onto a digital wallet.  It is a Stablecoin, so they do not have to worry as that particular crypto goes down.  There will also be debit cards from wallets.  No bank will have hold on their money from a bank account. It has been absolutely phenomenal on that platform Thanks to Brazil people will enough oxygen to breathe and not worry about the help they need so much.

Last night, a certain country in Asia is (allegedly) about to release today. China as well.  They are about to be released as well. Listen to Wolvie he knows !  This is the week we have waited for – FOR all of us!!!!

Zurich Source -I was told that there was a big meeting of the London Committee this morning. Everything is in progress. Waiting for the (allegedly) start of activities tomorrow Wed. 24 July.

A committee member in London confirmed that funds will be released this afternoon in Reno and payments tomorrow Wed. 24 July.  That is, has the delivery and return of the trigger contracts (allegedly) been completed or is it still pending? Pending.

If what Zurich and London say is correct, activation payments will begin tomorrow Wed. 24 July.  Reno has liquid funds.  They received instructions to pay tomorrow morning 1. Farmers-2-Elderly -3 Platforms.

On Wednesday, to (allegedly) pay the ‘whales’.

On Thursday D-1-D-2 will be (allegedly) released.  The platforms will receive their funds tomorrow, but they must wait for D1 and D2 to go live on Thursday.  Dubai 1 and Dubai 2 provide all the money for the exchange and although the Platforms can receive your funds and send contracts, notices, etc.,

God bless you all we have finally arrived. This is the news guys. We have finally arrived. Give a big hug to your family, wife, husband, sons and daughters, we have finally arrived. This is the week we have been waiting for. And at last, Precatorios is released for millions.  We have finally arrived. God Bless you.

Five years on this, almost six years, has taken lots of toll on my health, lost my hearing as well, and I need those med beds, and hoping those will be available soon. I will be traveling very soon guys. Very soon. I will leave the channel to Carpathia and that is all from me. Have a beautiful day, love you guys, with all my heart. Wolverine.

“What are Precatorios? Around 2018, a pilot test was carried out in Brazil where funds were delivered to several holders, as part of their negotiations of financial instruments. These funds were blocked without legal justification, to which the beneficiaries responded with a lawsuit. When a ruling was not received within the stipulated time, a legal resource called Precatoria was used, which had a successful result. Because of this, the program was named that way. As within the transaction the humanitarian issue or donations are required, this is where the opportunity to participate in this program arises.

At this moment there is a start in Brazil, for the beneficiaries of this process. We must take into account the respective travel times to each representative according to their Region, then to each leader and continuing with the lists, it takes time to organize the logistics, which is why we cannot establish exact dates.

The processes was in the final stretch. The main representatives were already in training and organization to give the pass to the nations and in turn the different representatives of each nation are developing tests on the lists depending on their logistics, to have effective deliveries and fast and above all legally, for the support of each recipient.

Read full post here:  https://dinarchronicles.com/2024/07/24/restored-republic-via-a-gcr-update-as-of-july-23-2024-2/

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

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

Margarita   Article Quote:   "The World Trade Organization usually intervenes in the exchange rate policy when the concerned country deliberately keeps the value of its local currency low in order to improve the competitiveness of local production and encourage exports at the expense of foreign goods,"  WOW!...the wto DOES USUALLY interfere in the exchange rate policy...

MarkZ   [via PDK]  I am...hearing the only reason the RV did not go over the weekend was fights over the value of some old German bonds. But things are now “unstuck” and seems to be moving much quicker now that the current administration is no longer delaying things . They are too preoccupied to keep slowing and stopping things right now.

The US Literally Cannot Repay Its National Debt.

New Money:  7-23-2024

The Congressional Budget Office has admitted that the US national debt cannot be repaid. So what's the solution from the US Government and Federal Reserve, will this weigh on the election, and what will the result be for the stock market?

CONTENTS

 0:00 The U.S. Can't Repay Its Debt

 1:00 How the Government Goes Into Debt

4:00 The Size of the Deficit

8:15 Inflating Away the Debt

 12:40 Fixing the Deficit

https://www.youtube.com/watch?v=iK5dpPzjaPA

Silver vs Fiat: The Fall of Minimum Wage in Real Terms | Mike Maloney

Mike Maloney:  7-23-2024

In this eye-opening video, Mike Maloney breaks down complex economic concepts to reveal that the minimum wage has effectively fallen by over 70% since 1963.

Using the example of silver quarters, he illustrates the decline in purchasing power and discusses the broader implications of income inequality and flawed economic policies.

Learn why raising the minimum wage might not be the solution and explore alternative approaches to solving economic disparities.

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

Seeds of Wisdom RV and Economic Updates Tuesday Evening 7-23-24

Good Evening Dinar Recaps,

BRICS IS MAKING PREPARATIONS FOR A US DOLLAR COLLAPSE

"According to a Russian IMF representative, BRICS is ready to offer an alternative to the US Dollar amid the currency’s collapse, and the bloc must prepare for such an instance. The alliance, consisting of Russia; India, China; Brazil; South Africa; and supporting nations, has been working to abandon the US Dollar for some time."

"The BRICS bloc is working to develop a new BRICS currency to replace the US dollar, alongside local currencies between nations. In an interview with RIA Novosti published on Friday, Russian IMF rep Alexey Mozhin noted that the shortcomings of the current financial system are becoming more apparent.

Furthermore, he points out that many publications have started to mention BRICS as a group that will offer a successful alternative to the greenback."

“Such a proposal is being discussed,” the director told RIA Novosti. “In the event of the collapse of the dollar and the international monetary system, it will be necessary to turn the said BRICS accounting unit into a real currency, backed by exchange goods.”

BRICS CURRENCY TO SERVE AS SUBSTITUTE IF US DOLLAR COLLAPSES

"The BRICS bloc has turned to blockchain technology for its brand-new payment system, according to reports. Indeed, its efforts have sought to build a competing currency built on digital assets."

"The US Dollar is still a ways away from crashing altogether, however, the path is there for BRICS to do damage. The greenback is still the global reserve, but a mounting US Debt has ensured that it won’t remain a fact forever.

"Furthermore, support around the BRICS bloc has grown over the past few years, with more countries likely to receive invites to join in 2024.
With more support in numbers and finances, BRICS could develop a strong contending currency to fight the US dollar."

@ Newshounds News™

Read more:  The Republicans Voice

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GOLD, SILVER: India's TAX CUT to Offer a Bullish Boost for the Metals?

"Today, India slashed its import tax on gold and silver, a move that could further boost demand for both precious metals in the world’s second-biggest gold market and support higher prices globally. The move will cut taxes on gold and silver imports by more than half, lowering duties from 15 percent to 6 percent."

"India will also lower the import tax on platinum to 6.4 percent."

"World Gold Council Indian operations CEO Sachin Jain told Reuters the tax cut is “a massive step in the right direction.”

“It will reduce the incentives for smuggling of gold. It will create a level playing field for honest industry stakeholders.”

"Gold was up about $14 in overseas trading after officials announced the tax cut. Even with the high import taxes, Indian gold demand has been strong. Through the first five months of 2024, gold imports into India increased by 26 percent year-on-year, with 230 tons of gold flowing into the country. This is despite record-high prices."

"Indians have historically had an affinity for gold. Indian households own an estimated 25,000 tons of gold, and that likely understates the amount given the large black market in the country. Gold is deeply interwoven into the country’s marriage ceremonies and cultural rituals. Indians have long valued the yellow metal as a store of wealth, especially in poorer rural regions."

"Gold isn't considered a luxury in India. Even poor Indians buy gold. According to a 2018 ICE 360 survey, one in every two households in India had purchased gold within the last five years. Overall, 87 percent of Indian households own some gold. Even households at the lowest income levels in India hold some of the yellow metal. According to the survey, more than 75 percent of families in the bottom 10 percent of income managed to buy some gold."

@ Newshounds News™

Read more:  Investing

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146 TRILLIONpic

@ Newshounds News™

Read more:  https://x.com/SMQKEDQG/status/1780670320522747961

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Warren Buffett Dumps $1.5 Billion Worth Bank of America Shares

Ace investor Warren Buffett’s investment arm Berkshire Hathaway has dumped $1.5 billion worth of Bank of America (BAC) shares. The recent regulatory filings show that the billionaire offloaded 33.9 million Bank of America shares. The BAC stocks were sold at an average price of $43.56 per share. After the sale from Berkshire Hathaway, BAC stocks fell to $42.30 with a decline of 1.40%.

The reduction is significant and has come as a surprise to the US stock market. Warren Buffett is known to hold stocks for the long term and not offload them mid-way. However, despite the sell-off, Warren Buffett is still the second-biggest holder of Bank of America stocks. Berkshire Hathaway holds a 10.8% stake in BAC after falling from the top position to the second due to the sell-off

@ Newshounds News™

Read more:  Watcher Guru

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IS TRUMP RIGHT TO WORRY THAT CHINA COULD TAKE OVER CRYPTO?

Does China regret banning Bitcoin mining in 2021? Could it opt back in? Can a single nation even control decentralized assets like BTC?

It’s only recently that Donald Trump has paid any attention to crypto. But now he wants to be the “crypto president,” and he’s raising digital assets as a geopolitical issue.

Asked on July 16 why he’s suddenly embracing the crypto community, he told Bloomberg:

“If we don’t do it, China is going to pick it up and China’s going to have it—or somebody else, but most likely China.”

In the interview, Trump explained how the recent experience with his “Mugshot” NFT Collection “opened my eyes” to cryptocurrencies, saying, “80% of the money [from the NFT sale] was paid in crypto. It was incredible.”

“So we have a good foundation [i.e., crypto]. It’s a baby. It’s an infant right now. But I don’t want to be responsible for allowing another country to take over this sphere,” he added.

His remarks raised several interesting questions — and not just whether China, which banned crypto trading and Bitcoin mining in 2021, is even interested in reentering the crypto trading and mining markets.

It touches on the relationship between governments and the crypto/blockchain sector generally.

To what extent can any single sovereign nation control decentralized and diversified digital assets like Bitcoin and Ethereum.

Is it even possible?

Why China?
China was once a major crypto player. The largest crypto exchanges, such as Binance, were located in China, and as much as 75% of Bitcoin mining took place on the Chinese mainland, according to estimates.

But in 2021, China cracked down on crypto trading and mining, and by July of that year, Bitcoin mining had essentially vanished on the mainland.

Recent developments, however, have raised speculation “that the Chinese government may be warming to cryptocurrency and that Hong Kong may be a testing ground for these efforts,” noted Chainalysis in October.

Indeed, in April 2024, the central government approved the launch of several Bitcoin exchange-traded funds (ETFs) in Hong Kong. Some observers think China wants to make Hong Kong a crypto hub — despite a continued trading ban on the mainland.

China’s Bitcoin ban a “strategic blunder”

“Absolutely,” Daniel Lacalle, chief economist of Tressis, told Cointelegraph.

“Beijing’s 2021 mining crackdown was a strategic blunder,” Emiliano Pagnotta, associate professor of finance at Singapore Management University, told Cointelegraph.

China wants to maintain tight control of capital outflows on the mainland, Wang, assistant professor in the economics department at the University of Essex, told Cointelegraph, which is why it banned crypto trading.

But Hong Kong, while controlled by China, has a different economy. It has always had open market policies and free capital flow, and crypto might find a natural home in the former British colony. Wang added:

“Hong Kong serves as the hub to allow some capital flow in and out of mainland China, which is important for Hong Kong and also for mainland China.”

“The digital asset ETF market in Hong Kong has indeed seen substantial growth since its launch in April 2024,” Patrick Pan, chairman and CEO of OSL — a crypto-exchange now operating in Hong Kong — told Cointelegraph.

Pan added that mainland China “has maintained a stringent stance against cryptocurrency trading and speculations.”

Pan points out, however, that China has largely accepted the importance of cryptocurrencies’ underlying blockchain technology.

“China’s development and gradual rollout of the digital yuan showcase an interest and capacity to embrace blockchain technologies, which bring long-term benefits to the country’s financial infrastructure through enhanced efficiency and security of its financial systems,” said Pan.

China may be softening its stance on crypto
Chinese government decision-making is opaque, so one may never know if China truly regrets its 2021 crypto ban. But what is clear is that “the country is reassessing its approach, especially as it sees the strategic value in digital assets,” Zennon Kapron, founder and director of consulting firm Kapronasia, told Cointelegraph, adding:

“The softening stance in Hong Kong could be a strategic move to remain competitive in the fintech and digital finance space without fully reversing its mainland policy.”

But is it too late?

“China still has advantages, such as access to cheap hardware and electricity in certain regions,” Kapron allowed. “If the government were to provide incentives or loosen restrictions, it’s conceivable that some level of dominance could be reestablished.”

It wouldn’t be easy, though. “The global mining landscape has become more diversified, making it harder for any single country to dominate,” observed Kapron.

“Bitcoin mining is not like making CPUs, but more similar to producing solar panels, building railways, etc. China has the capacity and even the comparative advantage in this type of mass production.”

Crypto trading may be a different matter, though. China is unlikely to change its trading ban on the mainland unless it first changes its capital markets policy, said Wang.

Pagnotta, by comparison, said China could still be a force within the crypto sector, particularly if it demonstrates more pragmatism and regulatory clarity.

“China now seems more open to the crypto industry and has allowed the launch of Bitcoin and ETH ETFs in Hong Kong,” said Moreno.

“Despite China’s ban on Bitcoin mining, Chinese mining pools still hold nearly 54% market share,” CryptoQuant founder Ki Young Ju posted on July 1. “While not all participants in these pools are Chinese, some mining farms might still be operating covertly in China, with authorities possibly concealing data.”

China’s central government also remains a Bitcoin “whale” as a result of its past activities — holding 190,000 BTC, or about 1% of the Bitcoin currently in existence. This is not a trivial amount.

Could China dominate crypto again?
Wang, for his part, believes that if China really sets its mind to it, it could still “play a super important, if not dominating, role” in the global crypto sector.

Not only does it have natural advantages, but there is a huge demand for using cryptocurrencies to send Chinese assets abroad, Wang added, especially given China’s tight capital market controls.

The biggest cryptocurrency exchange platform in the world in terms of trade volume is still Binance, “which is a company started in China by a Chinese but later moved abroad, and still 20% of Binance’s trade comes from China,” noted Wang.

As per Trump’s remarks, is crypto really emerging as a new theater of competition between the great powers? According to Pagnotta:

“Trump wants votes, and he understands that tens of millions of Americans hold digital assets and see it as an important electoral issue. Drawing a contrast to Biden or China in this regard is politically astute.”

“At a more profound level, Trump does not want a Chinese/BRICS [i.e, Brazil, Russia, India, China, South Africa]-led central bank digital currency [CBDC] to become dominant. Even if he did not suddenly become a genuine Bitcoiner, he surely comprehends enough game theory to realize that Bitcoin is the politically neutral global property rights system in the 21st century,” added Pagnotta

In doing so, the former US president could simply be applying the ancient wisdom that “the enemy of my enemy is my friend.”

Still, others believe the suggestion that China may once again try to gain dominance in the global crypto market is just plain wrong. Leading cryptocurrencies like Bitcoin and Ether are too diversified and decentralized now to allow control by any one sovereign state.

“China’s influence in the crypto market may grow, particularly through initiatives like the digital yuan,” said Kapron, “but achieving dominance over decentralized cryptocurrencies is a different challenge altogether.”

Trump’s recent utterances may reflect a strategic concern, continued Kapron, “but the reality is that the decentralized and diversified nature of these digital assets acts as a significant barrier to dominance by any single nation.”

Added economist Lacalle:
“There is no such thing as nationalist crypto. The beauty of the crypto market is that it is completely diversified and decentralized. The concept of government control of crypto makes no sense to anyone that understands independent currencies.”

@ Newshounds News™

Read more:  COIN TELEGRAPH

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