More News, Rumors and Opinions Thursday Afternoon 8-1-2024
TNT:
Tishwash: American newspaper: Washington deploys 12 warships and 4,000 soldiers in the Middle East
The Washington Post confirmed that the United States has deployed 12 warships to the Middle East, where tensions are escalating following the assassination of Hamas political bureau leader Ismail Haniyeh in Tehran and Hezbollah military commander Fuad Shukr in Beirut.
A Pentagon official told the Washington Post that American destroyers are stationed in the Gulf and eastern Mediterranean, including the aircraft carrier USS Theodore Roosevelt, amphibious assault teams, and more than 4,000 Marines and sailors.
TNT:
Tishwash: American newspaper: Washington deploys 12 warships and 4,000 soldiers in the Middle East
The Washington Post confirmed that the United States has deployed 12 warships to the Middle East, where tensions are escalating following the assassination of Hamas political bureau leader Ismail Haniyeh in Tehran and Hezbollah military commander Fuad Shukr in Beirut.
A Pentagon official told the Washington Post that American destroyers are stationed in the Gulf and eastern Mediterranean, including the aircraft carrier USS Theodore Roosevelt, amphibious assault teams, and more than 4,000 Marines and sailors.
According to the report published by the newspaper, the United States has redirected a number of warships stationed in the Red Sea, which are carrying out operations against the Houthis in Yemen, to the Gulf and the Mediterranean, in light of the escalating tensions in the region.
On the other hand, the Israeli newspaper Yedioth Ahronoth reported that Israel warned Hezbollah through Western and regional mediators that any large-scale attack on it would lead to war, and that it intends to target fighters instead of focusing on the infrastructure supporting the fighting, and urged Hezbollah to adopt the same approach in its operations.
US Secretary of State Anthony Blinken called on all parties to stop escalatory measures, a message that was interpreted as being directed at Israel following the killing of Shukr and Haniyeh, according to the newspaper.
Regarding the US giving Israel the green light to launch operations in the Middle East, Blinken said: "The current path is heading towards more conflict, more violence, more suffering and more insecurity, and it is important to break this cycle, starting with a ceasefire in Gaza."
Speaking to reporters in Mongolia, Blinken stressed that reaching a ceasefire requires the parties to stop taking actions that lead to escalating tensions, and to find reasons to agree to the agreement rather than delaying or rejecting it. link
************
Tishwash: Iraq signs MoU with British company to develop Kirkuk fields
Prime Minister Mohammed Shia al-Sudani sponsored, today, Thursday, the signing ceremony of a comprehensive petroleum memorandum of understanding between the Ministry of Oil and the British Petroleum Company (BP) to develop Kirkuk fields for oil and gas production.
According to a statement, the Iraqi side was signed by Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, while the BP CEO Murray Auchincloss signed on behalf of the company.
The statement added, “The memorandum includes the rehabilitation and development of the four fields of the North Oil Company in Kirkuk, which are the Kirkuk field with its two domes (Baba and Avana), the Bai Hassan field, the Jambur field and the Khabbaz field, as well as the possibility of agreeing on other fields or exploration areas by agreement of the two parties, in light of the government’s efforts to optimally invest in promising opportunities in the energy sector, with the aim of increasing and enhancing oil production and gas and solar energy investments in this region.” link
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
PompeyPeter We still haven't got a speaker. We still don't have a budget and we still haven't seen 4782 in the Gazette. Is there really anybody who doubts what that is all about? It's pretty obvious in my opinion it's all linked to the rate. You've got so many laws that are ready to go but are waiting for the rate. Articles today talking about the optimism of them passing the Oil and Gas Law. It needs a rate. Obviously that's a big part of the budget. The budget hasn't come out because the budget is waiting for the rate.
Militia Man Are they going to fire up the oil and gas law at 1310? I highly doubt it. Why wouldn't they have done it already? ...They had 19 years but they've done an extra year and got that done. Now they're talking about it's an imminent situation...in the coming days... Bottom line is pressure is on.
PREPARE FOR THE GREATEST FALL OF ALL TIME AS BOND YIELDS CRATER!
Greg Mannarino 8-1-2024
WARNING: US Debt Crisis Threatens Dollar ENDGAME (what happens next?)
Taylor Kenny: 8-1-2024
THIS JUST IN: Staggering U.S. national debt hits an unprecedented $35 trillion, raising urgent concerns about inflation and the future of dollar-denominated assets. Taylor Kenney explores the significance of this milestone, its potential impact on your finances, and the broader economic implications.
Economist’s “News and Views” Thursday 8-1-2024
U.S. Banks Report Unprecedented 23% Surge in Delinquencies As Losses Increase
Atlantis Report: 8-1-2024
The U.S. banking sector is currently facing challenges as it deals with a significant surge in delinquency rates, leading to mounting losses.
Recent reports have revealed a shocking 23% increase in delinquencies, causing concern for both banks and borrowers nationwide.
U.S. Banks Report Unprecedented 23% Surge in Delinquencies As Losses Increase
Atlantis Report: 8-1-2024
The U.S. banking sector is currently facing challenges as it deals with a significant surge in delinquency rates, leading to mounting losses.
Recent reports have revealed a shocking 23% increase in delinquencies, causing concern for both banks and borrowers nationwide.
This sharp rise in borrowers falling behind on their payments has increased bank losses, impacting their profitability and stability.
Jim Willie: ¨Rate Cuts & BRICS 'Unit' Will Drive Gold Higher¨
Arcadia Economics: 8-1-2024
In the midst of a chaotic election season, a Fed meeting, and more progress by the BRICS on their 40% gold backed 'Unit,' who better to check in with than Dr. Jim Willie.
Jim talks about the the policies that Trump is going to implement if elected, how that will affect the gold market, and the latest he's hearing about the BRICS plan for their 'Unit' payment currency.
Especially at such a volatile time in the financial and political markets, you'll want to hear the latest from Jim. So click to watch the video now!
BRICS Trade 23.9% UP Amid US and EU Decline: What next?
Fastepo: 8-1-2024
The growth of trade volume between China and BRICS member states has seen a remarkable upward trajectory, significantly reshaping global trade dynamics.
In 2022, trade between China and the BRICS countries reached unprecedented levels, reflecting robust economic partnerships and strategic collaborations. China’s trade with the existing BRICS nations has been characterized by substantial increases across various sectors.
For instance, trade with Russia alone hit $190 billion in 2022, while bilateral trade with Brazil reached $165.6 billion. Trade with India and South Africa also showed significant growth, indicating deepening economic ties despite political and geographical challenges.
Collectively, China’s trade with BRICS members totaled 2.38 trillion yuan (about $325.7 billion), up 19.1% year-on-year. Exports reached 1.23 trillion yuan, up 23.9%, while imports were 1.15 trillion yuan, up 14.3%.
The inclusion of new BRICS members, each bringing unique economic strengths, is expected to further diversify and expand trade volumes.
Saudi Arabia and the UAE, as major oil producers, will enhance energy trade. Ethiopia and Egypt will add to Africa’s representation, potentially increasing infrastructure investments and economic development projects across the continent.
Conversely, trade between China and Western economies has shown signs of decline. In the first half of 2023, trade between China and the EU fell for the first time in four years, reflecting increasing geopolitical tensions and economic sanctions.
Similarly, trade with the United States experienced a downturn, with bilateral trade declining by 11.6% in 2022 compared to the previous year. These declines highlight the shifting trade dynamics as China pivots towards stronger economic relationships with BRICS countries and other emerging markets.
In this video, we delve into the transformative shift in global trade patterns, moving away from the traditional East-West axis towards a burgeoning South-South framework.
This emerging trend is reshaping not only trade routes but also the broader global order. The increasing trade and economic cooperation between countries in the Global South is heralding a new era of geopolitical influence, challenging the longstanding dominance of Western powers.
This shift signifies a profound change in the global economic landscape, with significant implications for international relations and economic policies worldwide
News, Rumors and Opinions Thursday AM 8-1-2024
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. 1 Aug. 2024
Compiled Thurs. 1 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors/Opinions)
Wed. 31 July 2024 Wolverine: “Hi Guys. Everything is go, go, go, green, green, green. …I just spoke with Reno (thumbs up sign). Get ready. Get ready for the biggest transfer of wealth in history. This is history in the making and you are all part of history. Remember to lift up your vibrations and never ever turn away from God. You have all been chosen. Tomorrow I’ll be having a special live call with our special guest Elizabeth Rodriguez who has a few words to tell us. God bless you all. Your friend, Wolverine.”
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. 1 Aug. 2024
Compiled Thurs. 1 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors/Opinions)
Wed. 31 July 2024 Wolverine: “Hi Guys. Everything is go, go, go, green, green, green. …I just spoke with Reno (thumbs up sign). Get ready. Get ready for the biggest transfer of wealth in history. This is history in the making and you are all part of history. Remember to lift up your vibrations and never ever turn away from God. You have all been chosen. Tomorrow I’ll be having a special live call with our special guest Elizabeth Rodriguez who has a few words to tell us. God bless you all. Your friend, Wolverine.”
Tues. 30 July 2024 TNT Tony: “On High Alert starting at 5am for 48 hours. Get in where you fit in.”
Wed. 31 July 2024 Suzette: “I am getting so many posts about the notifications coming out in the next 48 hours! Some of my contacts are from 2016/military. Everyone is saying to keep your email open and notifications on.”
Wed. 31 July 2024 Brazil Colombia Paymaster Hernan Bastidas, Mr. Savage: “The enterprise has over 80,000 personnel helping in this process, working in different projects for the benefits of the people. Yesterday a company in charge of the delivery is CALL CENTER will start giving notifications. Hernan Bastidas also stated that he the one directing the people to get the blessings to the CALL CENTER due each person will be attended privately and there phone number is private at the call center, GERMAN BASTIDAS also said that he is in BRAZIL providing training to others leaders as is 29 of july he has sign an NDA so ALL process now will be take care the CALL CENTER .
Tues. 30 July 2024: BQQQM! Q Phones and GESARA: Trump’s Blueprint for Q Phones and GESARA Using Stellar Blockchain for a Global Currency Revolution! – amg-news.com – American Media Group
**********
Global Financial Crisis:
Wed. 31 July 2024 Central Banks are shutting down — bankrupted. … (JFK Jr.) on Telegram
Old financial systems bankrupted. Congress, White House, IRS, Federal Reserve are shut down — U.S. Corporation is bankrupted.
Gold-backed currency, digital assets, QFS, Nesara Gesara is growing!
QFS Nesara Gesara is manifested.
Earth & humanity are under construction while business is still open. The DS are in full panic mode, desperate & wounded & is lunging wild attacks.
~~~~~~~~~~~~~
Wed. 31 July 2024 Unveiling a tangled web of covert operations, Fulford Report:
Trump declares that he will not create a Central Bank Digital Currency (CBDC), but speculation mounts that plans could change in late 2025, involving the USSF and Elon Musk.
Stay tuned as these unprecedented events continue to unfold and shape the fate of our world.
~~~~~~~~~~~~
Judy Note:
Members of the US Congress were well aware of our corrupt financial system in place since 1913 that launders US Taxpayer money to the Elite, keeps those very taxpayers in debt and has resulted in a fiat US Dollar, yet politicians have been blackmailed and paid big monies to not do anything about it – which they don’t, never have and seem to have had no incentive to change the system in the future….
The Petrodollar has come to an end.
Read full post here: https://dinarchronicles.com/2024/08/01/restored-republic-via-a-gcr-update-as-of-august-1-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Sudani is in control of his reforms. Yeah, you still got a lot of troublemakers. When you've been able to steal all your life and you depend on it and then all of a sudden it stops, you go into shock...Your sugar money stopped...Panic is what causes the bad people in Iraq to continually try to steal this monetary reform because the monetary reform will bring a new exchange rate, purchasing power and the lower notes. But if you do that then there's no way to steal the money anymore. It's a good thing for the Iraqi citizens...
Militia Man There's been some blow back. We have those guys who just don't want Iraq to move forward because their cash cow goes away. That's what we're seeing and that's why it's intense...The last few weeks have really been powerful...We are watching history being made.
Iraq Implementing e-Visas for Investors DRP Update Exchange Rates IQD & VND
Edu Matrix: 8-1-2024
Iraq Implementing e-Visas for Investors DRP Update Exchange Rates IQD & VND. Development Road Project Update. Currency News;
The FALL OF AN EMPIRE. What Are They Desperately Trying To Hide From Us?
Greg Mannarino: 7-31-2024
“Tidbits From TNT” Thursday Morning 8-1-2024
TNT:
Tishwash: Parliamentary Committee: Parliament will host the Central Bank Governor for this reason
The Presidency of the Council of Representatives agreed to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, during the upcoming sessions of the Council of Representatives.
Member of the Parliamentary Integrity Committee Hadi Al-Salami confirmed, in a statement to the National Iraqi News Agency / NINA /, that "the Presidency of the Council of Representatives approved hosting the Governor of the Central Bank in the session of the Council of Representatives, the date of which will be determined later, within the framework of the supervisory role of the work of the Central Bank and its Governor, and in accordance with the Council of Representatives Law No. 13 of 2018, Articles 27-29 thereof."
TNT:
Tishwash: Parliamentary Committee: Parliament will host the Central Bank Governor for this reason
The Presidency of the Council of Representatives agreed to host the Governor of the Central Bank of Iraq, Ali Al-Alaq, during the upcoming sessions of the Council of Representatives.
Member of the Parliamentary Integrity Committee Hadi Al-Salami confirmed, in a statement to the National Iraqi News Agency / NINA /, that "the Presidency of the Council of Representatives approved hosting the Governor of the Central Bank in the session of the Council of Representatives, the date of which will be determined later, within the framework of the supervisory role of the work of the Central Bank and its Governor, and in accordance with the Council of Representatives Law No. 13 of 2018, Articles 27-29 thereof."
He added, "Hosting the Governor of the Central Bank will be to answer the oral question before the Council of Representatives regarding the exchange rate in the parallel market, and the large financial difference from the official exchange rate, as well as what is related to the application of the standards of transparency and confidentiality and not announcing the daily bulletin of the Central Bank." link
US State Department: We will take all measures to protect our interests in the Middle East
The US State Department announced today, Wednesday, July 31, 2024, that Washington will take every possible measure to protect American individuals and interests in the Middle East.
The US State Department said in a statement, "We have seen Hamas' statement regarding Haniyeh, but we do not want to speculate on any repercussions or reactions to the incident," referring to the assassination of Ismail Haniyeh.
She pointed out that "the US commitment to Israel's security and its defense against any reckless attacks that Iran may launch is firm and unwavering."
She noted that "her efforts to reach a deal and bridge the gaps are still ongoing and represent a priority for us and for the region." link
**************
Tishwash: Official to Reuters: US carried out strike in Iraq
The United States carried out a strike in Iraq on Tuesday in self-defense, a U.S. official told Reuters, hours after Israel struck Iranian-backed Hezbollah in Lebanon and as tensions escalated in the Middle East.
The official, who spoke on condition of anonymity, said the strike was caused by a threat to US-led coalition forces.
Explosions took place on Tuesday inside a base used by Iraq's Popular Mobilization Forces south of Baghdad, killing four of its members and wounding four others, police and medical sources told Reuters.
The Popular Mobilization Forces is an official security agency that includes several armed groups allied with Iran.
Hospital sources said the initial death toll was one, but two people who were seriously injured in the blasts later died, and another body was recovered from the blast site.
The explosions came after several missiles were fired at Iraq's Ain al-Asad air base, which houses US-led forces, late Thursday, causing no damage or injuries, US and Iraqi sources said.
In a statement issued after the explosions, the Popular Mobilization Forces did not make any accusations, referring to an explosion of unknown origin.
Later, another statement by the Popular Mobilization Forces said that missiles launched by drones targeted two Popular Mobilization Forces patrols in the town of Jurf al-Sakhar, south of Baghdad.
An Iraqi military official said the cause of the explosion was still unclear and authorities would begin investigating the incident.
Two local leaders of Iraq's Popular Mobilization Forces accused the United States of carrying out airstrikes targeting the Popular Mobilization Forces base. There was no immediate comment from the US military.
Witnesses said ambulances rushed to the area where the camp is located, 50 kilometres south of Baghdad.
Iraq has seen a surge in tit-for-tat attacks since the war between Israel and Hamas broke out in October. It is a rare ally of both Tehran and Washington, hosts 2,500 US troops and has Iranian-backed militias linked to its security forces. link
*************
Tishwash: Iraqi Army receives seven Bell 505 helicopters from US
The Iraqi Army Aviation Command announced Tuesday that it has received seven Bell 505 helicopters from the United States.
The Bell 505 Jet Ranger X is an American/Canadian light helicopter developed and manufactured by Bell Helicopter.
In a statement, the Iraqi Ministry of Defense said the delivery is part of "pre-arranged contracts aimed at advancing the country's military training programs. The handover ceremony was attended by the representative of the Commander-in-Chief of the Armed Forces, the Air Force Commander, senior officers from the Ministry of Defense, the US Military Attaché, and a representative from Bell Helicopter."
"This batch will significantly update and improve our training system with modern aircraft," said Major General Mohammed Abdul Karim Awfi, Commander of Army Aviation. "It will also help in preparing skilled pilots capable of protecting Iraq's airspace and executing missions with high efficiency."
In turn, the US Military Attaché described this step as "a pioneering to enhance the command's capabilities and train pilots under ambitious and advanced plans." link
Mot: .. Bye! - Bye! --
Mot: They Say with NESARA - Things Will Be Going Back to the 1950s - What Ya Think???
More News, Rumors and Opinions Wednesday PM 7-31-2024
KTFA:
Clare: urgent ...Integrity Commission announces receiving one of the most prominent defendants in the “theft of the century"
7/31/2024
The Integrity Commission announced that it had received one of the most prominent defendants in the theft of tax deposits known as the “Theft of the Century” case.
The Integrity Commission praised the cooperation of the Federal and Regional Ministers of Interior.
KTFA:
Clare: urgent ...Integrity Commission announces receiving one of the most prominent defendants in the “theft of the century"
7/31/2024
The Integrity Commission announced that it had received one of the most prominent defendants in the theft of tax deposits known as the “Theft of the Century” case.
The Integrity Commission praised the cooperation of the Federal and Regional Ministers of Interior.
According to Iraqi officials, the scandal revolves around illegal cash withdrawals from the country’s General Tax Authority in 2021 and 2022 totaling about $2.5 billion, a huge sum even in a country that consistently ranks among the world’s most corrupt.
An Iraqi businessman named Nour Zuhair, who has become one of the most prominent suspects in the case, has recovered about 380 billion dinars ($292 million) in stolen funds since his release on bail in November 2022, the head of the National Integrity Commission, Haider Hanoun, told Reuters earlier. Zuhair has publicly asserted his innocence of all charges against him. LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man : The US Treasury will not wait. They can act at a moment's notice. That is coming from the higher-ups.
Jeff Article: "Four counties meet in Baghdad to support the development road project" ...You have to look at their timing. They finished the 5-year development plan around the end of July walking into the beginning of August. Why? Timing. They're about to revalue. Their actions strongly suggest to me personally IMO I really feel they're going to be revaluing in August.
Frank26 The bad guys in Iraq, whoever they may be, they just don't want the monetary reform. They don't want it to happen. You know that. That's the reason why we don't have the monetary reform of the Iraqi dinar. Because of the corruption that is occurring inside of the the government of Iraq. But Sudani is in good control...He sure is.
************
Tishwash: Moeen Al-Kadhimi: Corruption dates back to Saddam’s time.. Is the budget error an employee oversight?
Ask about the Sudanese objection
Badr Organization leader Moeen Al-Kadhimi, a member of parliament’s finance committee, said that the prime minister’s objection to the existence of different versions of the budget and the addition of large sums is now being justified as an “error and oversight” made by employees, but shouldn’t we ask the “accomplices” about the truth of what happened? Expressing his belief that corruption dates back to the era of Saddam Hussein and has now evolved and become more complex.
Moeen Al-Kadhimi, with the media figure Khitam Al-Gharawi:
Going too far with public money has become a culture and has reached junior employees, and this needs to be reconsidered. This has been going on since the previous regime, and now officers are not given leave or transferred soldiers unless there is something in return for that, even though managers and officials have cars, protection and good salaries, so why do you extend your hand to ill-gotten money, and it is sometimes considered cleverness? This culture needs real treatment.
(An example of corruption) is the change that occurred in the budget tables. Some ministries, such as the Ministry of Commerce, had large amounts added to the food ration item. Who will benefit from this and who colluded with them? The explanations and justifications that are being put forward are that this was an employee mistake!
There are protocols signed between Iraq and countries such as Russia, Saudi Arabia, the Emirates, Lebanon and Jordan because these countries did not respond to demands to return the money even if they knew it was smuggled because they benefit from it, and some of these countries grant citizenship to the person and consider him a citizen of theirs. An example of this is the case of Ayham al-Samarrai, the former Minister of Electricity, who was imprisoned in the Salihiya Police Station, and an American force came and got him out and escaped, and now he lives in America.
Some of the protocols signed with countries give enough space to recover the money, but other countries do not accept this, such as Switzerland, which prefers that the money remain in its banks, and is prepared to grant citizenship to the Iraqi in order to provide him with protection and keep the money, especially for executive officials.
The government has a duty to follow up on general managers, and unfortunately, until now, there are some managers who consider the position a spoil that they want to benefit from. Sometimes this is clear to see. Yesterday, I had a call regarding the issue of security clearances, and I came across an official in a company, and we clearly noticed that he was corrupt, because all matters pass through him, he approves them and covers them up, and action was taken.
The Integrity Commission, through our conversations with them, has two problems. The first is internal, which is the lack of cooperation from some ministries and departments, which are negligent in research and auditing and do not provide priorities. The second is the lack of cooperation from the countries to which the corrupt flee. link
"US Taxpayers Owe $3/4 Million Each, It's the Biggest Banana Republic of All" –
Mike Maloney: 7-30-2024
Today, Mike Maloney dives deep into the shocking reality of US debt, revealing that each taxpayer owes around $750,000.
He celebrates Argentina's new libertarian president, Javier Milei, for his bold economic reforms that have rapidly improved the nation's financial health.
Mike contrasts this with the biased and manipulative nature of today's US media. Discover in today’s video why he believes fiscal responsibility and adherence to economic laws are crucial for a nation's prosperity.
Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 7-31-24
Good Afternoon Dinar Recaps,
RUSSIA LEGALIZES BITCOIN AND CRYPTO TRANSACTIONS FOR GOVERNMENT AND BUSINESSES "In a significant legislative move, Russian lawmakers have passed a bill permitting businesses to use Bitcoin and other cryptocurrencies in international trade, according to a report by Retuers.
This development is part of Russia's strategy to circumvent Western sanctions imposed following the invasion of Ukraine. The new law, expected to take effect in September, aims to address delays in international payments, particularly with key trading partners like China, India, and the UAE."
"Central bank Governor Elvira Nabiullina, a proponent of the law, announced that the first cryptocurrency transactions will occur before the year's end. The central bank will establish an "experimental" infrastructure for these payments, with further details pending."
Good Afternoon Dinar Recaps,
RUSSIA LEGALIZES BITCOIN AND CRYPTO TRANSACTIONS FOR GOVERNMENT AND BUSINESSES
"In a significant legislative move, Russian lawmakers have passed a bill permitting businesses to use Bitcoin and other cryptocurrencies in international trade, according to a report by Retuers.
This development is part of Russia's strategy to circumvent Western sanctions imposed following the invasion of Ukraine. The new law, expected to take effect in September, aims to address delays in international payments, particularly with key trading partners like China, India, and the UAE."
"Central bank Governor Elvira Nabiullina, a proponent of the law, announced that the first cryptocurrency transactions will occur before the year's end. The central bank will establish an "experimental" infrastructure for these payments, with further details pending."
"The legislation also includes regulations on cryptocurrency mining and the circulation of other digital assets but maintains the ban on cryptocurrency payments within Russia. The central bank highlighted that payment delays have caused an 8% drop in Russian imports in the second quarter of 2024.
"Despite efforts to shift to trading partners' currencies and develop an alternative BRICS payment system, many transactions still rely on dollars and euros via the SWIFT system, risking secondary sanctions. Nabiullina emphasized that these sanctions have complicated import payments, extending supply chains and increasing costs."
" Anatoly Aksakov, the head of the Duma lower house of parliament, reportedly told lawmakers, "We are taking a historic decision in the financial sphere" by passing this legislation. "
@ Newshounds News™
Read more: Bitcoin Magazine
~~~~~~~~~
DIGITAL RUSSIAN RUBLE SET FOR MASS DISTRIBUTION JULY 2025
"MOSCOW, July 30. /TASS/. If the digital ruble is successfully tested its mass introduction is possible starting July 2025, Russian Central Bank Governor Elvira Nabiullina said addressing the Federation Council (upper house of the parliament)."
"Now I can say that if everything goes as we plan further on, with pilots implemented successfully, we will be able to shift from tests to massively introducing the digital ruble from July 2025. We target those dates, though it will be a gradual process, a gradual process of using digital rubles," she said.
"Russian President Vladimir Putin said earlier that the platform of digital ruble showed efficiency and reliability as it was tested."
"The Bank of Russia has been implementing a pilot project with real digital rubles since August 15, 2023. At the first stage, active operations are tested, such as opening wallets in digital rubles for banks and clients (individuals and legal entities), transferring digital rubles between clients, and payments at trade and service enterprises."
@ Newshounds News™
Read more: TASS
~~~~~~~~~
Statement of Commissioner Caroline D. Pham in Support of Foreign Boards of Trade Final Rule
July 29, 2024
I support the Foreign Boards of Trade (FBOT) Final Rule because it promotes access to markets for U.S. participants, competition, and liquidity. I would like to thank Maura Dundon, Roger Smith, and Alexandros Stamoulis in the CFTC’s Division of Market Oversight for their work on this rulemaking.
I will reiterate key points from my statement on the FBOT proposed rule. [1] As a CFTC Commissioner, I have made it clear that I believe in good policy that enables growth, progress, and access to markets.[2]
Accordingly, I am pleased to support Commission efforts that take a pragmatic approach to issues that hinder market access and cross-border activity. I continue to believe that this rulemaking exemplifies policy that ensures a level playing field, and I applaud this step in the right direction for market structure.
FBOTs have been a critical piece of the CFTC’s markets for decades and provide access for U.S. market participants to non-U.S. markets in realization of the global economy and international business.[3]
The main substantive amendment in the FBOT Final Rule is to Regulation 48.4, which will now include
1. introducing brokers (IBs)[4] as a permissible intermediary, in addition to
2. futures commission merchants (FCMs),
3. commodity pool operators (CPOs), and
4. commodity trading advisors (CTAs),
to enter orders on behalf of customers or commodity pools via direct access on a registered FBOT.[5]
I believe that the FBOT Final Rule will provide more choice in brokers and broker arrangements for U.S. market participants that trade foreign futures and ensure that appropriate customer protections are in place.
As sponsor of the CFTC’s Global Markets Advisory Committee (GMAC),[6] I have devoted a significant part of my Commissionership to supporting solutions that will enhance the resiliency and efficiency of global markets.[7] The FBOT Final Rule is policy that mitigates market fragmentation and the associated impact on liquidity, and promotes the overall competitiveness of our derivatives markets. I am pleased to support the FBOT Final Rule.
@ Newshounds News™
Read more: CFTC
~~~~~~~~~
GOLD ON THE MOVE with Fed Rate Cut Speculation
"The latest economic data has sparked renewed optimism in the gold market, with prices climbing over $20 as investors digested signs of cooling inflation and robust economic growth"
"The central bank’s actions in the coming months could have far-reaching implications for gold prices and the broader financial landscape."
@ Newshounds News™
Read more: Dedollarize News
~~~~~~~~~
Bank of England seeks feedback for wholesale CBDC trials
Today the Bank of England published a discussion paper on innovation in money and payments. While it covers payments across the board, it aims to gather feedback for planned wholesale central bank money trials. This will include both a wholesale central bank digital currency (wCBDC) and a synchronization solution enabling DLT transactions to settle using the real-time gross settlement (RTGS) system.
The report states, “We judge that these risks are an order of magnitude greater than the risks posed by retail use cases.”
At a retail level, the UK is now testing tokenized deposits through the Regulated Liability Network initiative. However, the paper warns of the need for progress. “Commercial bank money needs to keep pace with the needs of consumers and so carry functionalities to deliver safe and sustainable innovation in payments,” wrote the authors. “Absent such innovation, central banks may be left as the only game in town insofar as retail payments innovation is concerned.”
Regarding the wholesale CBDC trials,
in conjunction with the BIS Innovation Hub, the Bank already ran Project Meridian, which enabled a digital real estate transaction to settle via connectivity with the RTGS. Currently it’s running Project Meridien FX with the European Central Bank.
The paper outlines a series of planned wholesale tests for both the wCBDC and the synchronization solution. It envisages the latter as being a third system that integrates between the RTGS and various DLTs. It wants to run the tests side-by-side so it can make comparisons between the wCBDC and synchronization risks and complexity.
The tests encompass delivery versus payment (DvP). Other uses cases will involve payment versus payment (PvP). Synchronization is already being trialed as part of Project Meridian FX, but it also wants to explore wCBDC.
Finally, it will test interoperability with global initiatives such as the BIS Project Agorá for cross-border payments in which the Bank is a participant.
@ Newshounds News™
Read more: Ledger Insights
~~~~~~~~~
UAE residents can now trade crypto directly with their bank accounts
The new integration enables the direct conversion of UAE dirhams into Bitcoin and Ether using M2’s spot market.
Crypto exchange M2 announced that it will allow residents in the United Arab Emirates to buy and sell Bitcoin and Ether directly using their bank accounts.
In an announcement shared with Cointelegraph, the digital asset custodian said that the new integration allows UAE residents to directly convert their dirhams into Bitcoin and Ether. Through trading pairs listed on M2’s spot markets, users can trade BTC and ETH for dirhams and vice versa. In addition, users can also deposit and withdraw dirhams.
The M2 team believes that the new integration enables users to “swiftly adapt to market changes,” allowing them to easily convert their local currency into crypto.
Wider accessibility of virtual assets in the UAE
According to M2, the new integration allows the exchange to expand its offerings amid a rapidly evolving landscape. The team also believes the new integration is a milestone for the “wider accessibility of virtual assets in the region.”
Kimmel told Cointelegraph that the new integration could also help everyday investors, especially those who are not “fully entrenched” in the nuances of the trading environment.
UAE is one of the world’s “strictest” in consumer protection. In addition, the executive highlighted that this move is also regulated by the UAE government, which he described as one of the world’s “strictest regulatory frameworks” that prioritizes consumer protection.
@ Newshounds News™
Read more: Coin Telegraph
~~~~~~~~~
HOW MUCH MONEY IS IN CRYPTO?
HAVE YOU EVER CONSIDERED THE MARKET CAP ON THE LARGEST CRYPTOCURRENCIES?
IT MIGHT SURPRISE YOU
1. BITCOIN 1.3 Trillion
2. ETHEREUM 398 Billion
3. TETHER-USDT 114 Billion
4. BNB 86 Billion
5. SOLANA 84 Billion
6. XRP 35 Billion
7. USDC 33 Billion
8. DOGE 18 Billion
9. TON 17 Billion
10. CARDANO ADA 18 Billion
@ Newshounds News™
Read more: Coin Market Cap
~~~~~~~~~
What Is Market Capitalization?
"Market capitalization, or "market cap," represents the total dollar market value of a company's outstanding shares of stock. Investors use this figure to determine a company's size instead of sales or total asset value."
"Market capitalization estimates a company's value by extrapolating what the market thinks it is worth for publicly traded companies and multiplying the share price by the number of available shares. After a company goes public and begins trading on an exchange, its share price is determined by supply and demand. As market prices move, the market cap becomes a real-time estimate of the company's value. "
Market Cap and Digital Currency
Because new digital currency offerings theoretically thin the value of existing coins, tokens, or shares, a different market cap formula can be used to calculate the market cap for all authorized shares or tokens. Analysts use diluted market cap to understand potential changes to a security, token, or coin's price."
@ Newshounds News™
Read more: Investopedia
~~~~~~~~~
Newshound's Daily Breakdown Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
Will Canada Beat Japan in the Race to a Total Fiat Currency Collapse?
Will Canada Beat Japan in the Race to a Total Fiat Currency Collapse?
On July 29, 2024 By Awake-In-3D
Maybe Canada should consider Joining the BRICS gold-backed currency system – if only Canada had some gold.
Once a beacon of prosperity and stability, Canada now faces unprecedented challenges.
The nation’s standard of living is plummeting, economic policies are under intense scrutiny, and an increasing number of Canadians are considering leaving the country.
Will Canada Beat Japan in the Race to a Total Fiat Currency Collapse?
On July 29, 2024 By Awake-In-3D
Maybe Canada should consider Joining the BRICS gold-backed currency system – if only Canada had some gold.
Once a beacon of prosperity and stability, Canada now faces unprecedented challenges.
The nation’s standard of living is plummeting, economic policies are under intense scrutiny, and an increasing number of Canadians are considering leaving the country.
In This Article
Canada vs. Japan in a Currency Race to the Bottom
The Decline of Canada’s Standard of Living
By the Numbers: Canada’s Current Economic Disaster
Trudeau’s Economic Policies and Their Impact
Future Prospects for Canada’s Economy
Of course the United States is also in serious decline. However, Canada does not have the luxury of having the world’s reserve currency.
Nor does Canada hold a single ton of gold in her sovereign monetary reserves.
This article details Canada’s troubling decline, offering a comprehensive look at the forces reshaping the Great White North.
Canada’s standard of living is on track for its worst decline in 40 years, according to a new study by Canada’s Fraser Institute.
The study compared the three worst periods of decline in Canada over the last 40 years – the 1989 recession, the 2008 global financial crisis, and the current post-pandemic era.
Unlike the previous recessions, Canada is not recovering this time. Something broke.
In fact, according to the Financial Post, since 2019, Canada has had the worst growth out of 50 developed economies. Inflation-adjusted Canadian wages have been flat since 2016.
Canada vs. Japan in a Currency Race to the Bottom
While both Japan and Canada are major global economies, neither country’s currency is faring very well against King Fiat Dollar this year.
The Canadian Dollar has lost 4.34%of its value year to date while the Japanese Yenb has depreciated 8.43% against the US dollar (see charts below).
CAD/USD Year to Date
JPY/USD Year to Date
While Japan’s 250% debt to GDP is a catastrophic problem with no way out, at least they have built up their sovereign gold reserves to 846 tons as of March of 2024.
Canada, on the other hand, has absolutely zero gold reserves. What are they thinking?
As I will explain below, holding no gold reserves is only the tip of the iceberg as the economic disaster unfolding in Canada paints a very dangerous future for my friends in the Great White North.
The Decline of Canada’s Standard of Living
Canada’s per-person real GDP is still falling, and with a looming US recession, Canada could crash again before it ever recovers.
The US accounts for 75% of Canada’s exports, making its economic health crucial to Canada’s prosperity. Canadian bankruptcy filings jumped 40% last year, while CIBC reports nearly half of Canadians have zero emergency savings.
Additionally, StatsCan reports that Canada’s violent crime rate is up 40% since 2014.
An Ipsos poll found that 7 in 10 Canadians agree that “Canada is broken,” rising to 8 in 10 for those between ages 18 and 34.
The Angus Reid Institute found that 42% of Canadians are considering moving to another country.
By the Numbers: Canada’s Growing Economic Disaster
Canada’s standard of living is on track for its worst decline in 40 years.
Since 2019, Canada has had the worst growth out of 50 developed economies.
Inflation-adjusted Canadian wages have been flat since 2016.
Canada’s per-person real GDP is still falling.
The US accounts for 75% of Canada’s exports, impacting Canada’s economic health.
Canadian bankruptcy filings jumped 40% last year.
Nearly half of Canadians have zero emergency savings, according to CIBC.
Government spending has nearly doubled to almost half of GDP.
Government workers in Canada are growing almost four times faster than the private sector.
One in three Canadians now work for the government, earning 30% more in salary and benefits than private-sector counterparts.
Food inflation in Canada is up 25% since the pandemic.
Energy costs in Canada have risen 30%, partly due to a carbon tax.
Sales tax in most Canadian provinces is 13 to 15 percent on everything you buy.
Trudeau’s Economic Policies and Their Impact
Justin Trudeau’s administration has been marked by significant changes in economic policy.
Trudeau’s campaign aimed to convert Canada from a mixed economy like the US into a government-dominated economy similar to some European countries.
Under Trudeau, business investment has plunged by a third, while government spending nearly doubled to almost half of GDP.
Canadian Prime Minister Justin Trudeau. Source: True North News
Government workers in Canada are growing almost four times faster than the private sector, and one in three Canadians now work for the government, earning 30% more in salary and benefits than their private-sector counterparts.
This has made it challenging to win an election on a small-government platform, as 40% of voters are directly dependent on government-provided livelihoods.
Future Prospects for Canada’s Economy
In the near term, things will likely worsen because Canadians are stuck with Trudeau through the next election in 2025.
Conservative leader Pierre Poilievre is currently ahead in the polls, but government-funded media efforts to undermine him are narrowing his lead.
This suggests continued inflation, economic decline, mass migration, and rising crime.
Pierre Poilievre, leader of the “Common Sense Conservatives” speaks at a 2023 Town Hall meeting in Nova Scotia. Source: The Laker News
The Bottom Line
Canada is facing a critical period of economic and architectural decline. With flat wages, rising living costs, and a struggling economy, Canadians are experiencing one of the worst periods of decline in recent history.
The future of Canada’s economy remains uncertain, but addressing these issues is essential for restoring prosperity and stability.
Contributing Sources:
=======================================
© 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
BRICS to Leave World Bank: What are alternatives?
BRICS to Leave World Bank: What are alternatives?
Fastepo: 7-30-2024
Are the World Bank and IMF Truly Serving the Global South, or Is It Time for Change? The effectiveness of the World Bank and the International Monetary Fund (IMF) has come under increasing scrutiny from BRICS nations, which argue that these institutions are dominated by Western interests and fail to address the needs of developing countries.
Critics highlight the stringent loan conditions imposed by the World Bank and IMF, which often do not align with local priorities and can exacerbate economic and social challenges.
BRICS to Leave World Bank: What are alternatives?
Fastepo: 7-30-2024
Are the World Bank and IMF Truly Serving the Global South, or Is It Time for Change? The effectiveness of the World Bank and the International Monetary Fund (IMF) has come under increasing scrutiny from BRICS nations, which argue that these institutions are dominated by Western interests and fail to address the needs of developing countries.
Critics highlight the stringent loan conditions imposed by the World Bank and IMF, which often do not align with local priorities and can exacerbate economic and social challenges.
Indian Prime Minister Narendra Modi has publicly criticized the World Bank's governance structure, describing it as outdated and disproportionately favoring Western nations. Modi has called for a more equitable system that provides greater representation and decision-making power to developing countries.
This stance reflects India's broader push for reforms in international financial institutions to ensure fairer treatment of emerging economies.
South Africa's experiences with the World Bank have also been contentious. The country has faced significant challenges due to the stringent conditions attached to World Bank loans, particularly those affecting its economic policies and social programs.
In the 1980s and 1990s, South Africa was subject to structural adjustment programs mandated by the World Bank and IMF, which included austerity measures, privatization of state-owned enterprises, and trade liberalization. These policies are widely believed to have undermined South Africa's economic sovereignty and increased social inequalities.
Nobel laureate economist Joseph Stiglitz has been a vocal critic of the IMF and World Bank, particularly in the context of Russia. Stiglitz argues that the rapid privatization and market liberalization policies advocated by these institutions in the 1990s led to severe economic and social turmoil.
These policies resulted in a significant decline in GDP, increased poverty rates, and greater economic inequality, with a dramatic fall in life expectancy and rising unemployment.
Critics argue that the World Bank's policies perpetuate Western influence, marginalizing the unique economic contexts of Global South nations.
In response, BRICS has established the New Development Bank (NDB) to support infrastructure and sustainable development projects, providing an alternative to traditional financial institutions.
Geopolitical considerations also play a crucial role in BRICS' stance. The bloc's resistance to Western sanctions and efforts to trade in non-dollar currencies illustrate its push for a more equitable global financial system.
These actions underscore the growing desire among BRICS nations to reduce dependency on the US dollar and create a more inclusive economic order.
This video explores the criticisms of the World Bank, examining its historical Western control and the contentious programs that have had mixed impacts on global development.
It delves into the reasons behind the Global South's shift towards alternatives like the NDB, emphasizing the need for financial systems that support more sustainable and equitable growth.
News, Rumors and Opinions Wednesday AM 7-31-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 31 July 2024
Compiled Wed. 31 July 2024 12:01 am EST by Judy Byington
Judy Note: On Tues. 30 July 2024 the US National Debt (to the Deep State Cabal) hit over $35 Trillion. Although Congress was legally liable to pass and conform to a budget each year, they have never done so to my knowledge during my 80 year lifetime.
The British Crown then sent the US Taxpayer monies on to the Vatican Bank, where the Black, Grey and White Popes then used it again for their own purposes, and then sent our monies on to their Central Banks across the World – where Bankers made even more money off of US Taxpayers.
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. 31 July 2024
Compiled Wed. 31 July 2024 12:01 am EST by Judy Byington
Judy Note: On Tues. 30 July 2024 the US National Debt (to the Deep State Cabal) hit over $35 Trillion. Although Congress was legally liable to pass and conform to a budget each year, they have never done so to my knowledge during my 80 year lifetime.
The British Crown then sent the US Taxpayer monies on to the Vatican Bank, where the Black, Grey and White Popes then used it again for their own purposes, and then sent our monies on to their Central Banks across the World – where Bankers made even more money off of US Taxpayers.
About a month later the US Taxpayer monies were returned to a Cabal Deep State owned bank in New York, where they charged us Taxpayers interest in order to use our own monies to pay their private corporation US Inc. employees.
That’s where the National Debt came from: Over $35 Trillion in debt of Taxpayer Monies caused by the Cabal, was now owed to the Cabal.
Members of the US Congress were well aware of this corrupt financial system that has been in place since 1913, yet have been blackmailed and paid big monies to not do anything about it – which they don’t, never have and seem to have had no incentive to change the system in the future….
Soon we will be going back to 1955 prices: The value of $8,000 in 1955 was approximately equivalent to $85,896.23 in today’s money, adjusted for inflation.
~~~~~~~~~~~~
Tues. 30 July 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
Tier4b (us, the Internet Group) could get notified to set redemption appointments on Wed. 31 July and start appointments on Thurs. 1 Aug, or be notified on Thurs. 1 Aug and start appointments that same day.
On Tues. 30 July Bankers and Paymasters tied into Wells Fargo, Bank of America and HSBC were working to get information, consolidate procedures and finish.
Paymasters have been paying out Bond Holders.
A US Treasury Email came out tonight to Paymasters that told them to key in their codes and ID to fund the rest of their Bond Holders, but the computer wouldn’t let them complete the transaction. They were told to wait until morning to finish the job.
We have been told that the Restitution and Reclamation Allowances will be paid out the first week in August – which is, of course, this week.
Paymasters have said that everything is completed and Iraq is ready.
When Tier4b is paid we will be hydrating the banks.
~~~~~~~~~~
Tues. 30 July 2024 Wolverine
Tues. 30 July 2024 Wolverine: “Heard from the Asian country that Wednesday is D day – liquid for them – spendable money to their members. It will be very emotional for all of you guys. I want you to get ready as Tier4B is coming, I can assure you of that. Keep an eye on your emails as well. This will be the biggest transfer of wealth in the history of mankind and all of you are part of it – Always thank the person who invited you, to this incredible blessing, to be called by God to change the world. I, for one, will help the people in Venezuela to help their suffering. God bless you.” …Wolverine
~~~~~~~~~~~
Tues. 30 July 2024 Mr. Pool on Telegram:
As I see it, we are waiting for some public announcements to come forth including:
1. Public announcement of the USN on the gold and asset standard
2. Public announcement of the new USN notes money supply
3. Public announcement of USN bills paid.
a. Iraq has a trust problem with the US.
b. They need to see items 1-2 and three above publicly announced So they can go forward.
4. Public announcement of the new Iraq international Dinar rate
5. Public announcement of the new Iraq international data rate published in The Gazette
6. Public announcement of Nesara
7. Public announcement of Gesara
8. Public announcement of Biden gone
10. Private announcement of RV notifications including 800 numbers and Starlink a. Private announcement of tier 3 liquidity and spendable. b. Private announcement for liquidity of all tiers
11. Public announcement of the following
a. Social Security increase and change of system
b. Reclamation monies
c. Debt forgiveness jubilee
d. Other funds as applicable
We should begin to see these flowing out in the soon coming immediate future
There are other events that are important such as the stock market crash, EBS, and the new financial system. I have chosen not to include them in the list above, but those things are coming and we should pay attention to real events that are about to and very soon begin to unfold.
Hold the line and stay steady. Lock your faith into the Word of God. What is about to happen is biblical and we should understand that.
See you on the other side. The other side is the Promised Land. Are you truly ready?
Read full post here: https://dinarchronicles.com/2024/07/31/restored-republic-via-a-gcr-update-as-of-july-31-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff The World Trade meeting...July 18th, that's their 3rd World Trade accession meeting. They waited 16 years for that meeting. 16 years. Reason why is because there's conditions and requirement that have to be met for that meeting. A tradable convertible currency...they cannot be under US/UN sanctions. That's why they've waited 16 years for that meeting...Everybody's who's on the board of directors and members board will only have until August 15th, this was in print, to get their comments submitted for this World Trade accession...
Militia Man Article: "Paralyzed for 19 years.. Parliamentary optimism about passing the most important laws in Iraq" Quote: “The oil and gas law is the most important of the suspended laws...this issue will be resolved in the coming days.” There is absolutely no coincidence that this law is on the table now...We never know what the coming days will mean. However, with...where Iraq is in her reforms and the loss of revenues from the Kurdistan Region, the pressure has been mounting for results needing to take place and quickly. This is a very good sign of things to come and likely first or at the same time...
************
One Million IQD at 80 Cents Equals How Much in Profits and Taxes?
Edu Matrix: 7-30-2024
One Million IQD at 80 Cents Equals How Much in Profits and Taxes? For IQD Investors and US Taxpayers, Here's the Scoop and What You Will Need to Do
Economist’s “News and Views” Tuesday 7-30-2024
West Panic: Italy’s Meloni In Beijing For Desperate Reset, Russia Drops Major BRICS Update
Sean Foo: 7-30-2024
After breaking away from China's Belt & Road, Italy's Meloni is in Beijing to reset economic relations.
Rome follows more G7 countries trying to tilt towards China to hedge themselves against an unpredictable US election.
Meanwhile, Russia has dropped a big update. A major South-East Asian economy could be joining BRICS very soon.
West Panic: Italy’s Meloni In Beijing For Desperate Reset, Russia Drops Major BRICS Update
Sean Foo: 7-30-2024
After breaking away from China's Belt & Road, Italy's Meloni is in Beijing to reset economic relations.
Rome follows more G7 countries trying to tilt towards China to hedge themselves against an unpredictable US election.
Meanwhile, Russia has dropped a big update. A major South-East Asian economy could be joining BRICS very soon.
35 TRILLION DEBT WALL: Historic National Debt Surges, US Pays $2.4 Billion in Interest Daily
Lena Petrova: 7-30-2024
WARNING: Banks May Not Survive This (what the experts aren’t telling you)
Taylor Kenny: 7-30-2024
New data reveals unprecedented levels of lending to banks, suggesting an alarming fragility within the sector. Despite reassurances of stability, the sudden surge in bank term funding and credit lending signals deep underlying issues.
As experts warn of a looming financial meltdown, the urgency to protect personal wealth has never been more critical.
Stay tuned as Taylor Kenney uncovers the stark realities facing our banking system.
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-30-24
Good afternoon Dinar Recaps,
USDT= TETHER'S STABLECOIN IS THE BIGGEST CRYPTOCURRENCY BEHIND BITCOIN IN EAST ASIA
"There’s arguably nothing special about Tether in itself, not least because the stablecoin still hasn’t undergone a full audit. However, it has become a lifeline in parts of the world where trading crypto with fiat currencies is either prohibited or very difficult, whereas it remains marginal in markets such as the United States."
"Tether may be viewed with a mixture of suspicion and bemusement in the West, but in East Asia it is the biggest cryptocurrency after Bitcoin."
"According to Chainalysis’ 2020 Geography of Cryptocurrency Report, STABLECOINS account for 33% of all value traded on-chain in East Asia, as opposed to 21% or Western Europe and 17% for North America. And of the STABLECOINS traded in East Asia, 93% of the traded value comes from Tether."
Good Afternoon Dinar Recaps,
USDT= TETHER'S STABLECOIN IS THE BIGGEST CRYPTOCURRENCY BEHIND BITCOIN IN EAST ASIA
"There’s arguably nothing special about Tether in itself, not least because the stablecoin still hasn’t undergone a full audit. However, it has become a lifeline in parts of the world where trading crypto with fiat currencies is either prohibited or very difficult, whereas it remains marginal in markets such as the United States."
"Tether may be viewed with a mixture of suspicion and bemusement in the West, but in East Asia it is the biggest cryptocurrency after Bitcoin."
"According to Chainalysis’ 2020 Geography of Cryptocurrency Report, STABLECOINS account for 33% of all value traded on-chain in East Asia, as opposed to 21% or Western Europe and 17% for North America. And of the STABLECOINS traded in East Asia, 93% of the traded value comes from Tether."
"This is big, and pretty much all of this outflow comes from China. As the table below indicates, Chinese traders exclusively use Tether to trade with Bitcoin, while traders in Japan and South Korea predominantly use their respective national currencies."
@ Newshounds News™
Read more: Crypto Advantage
~~~~~~~~~
UK joins ‘E-Commerce Joint Initiative’ to promote digitalization of customs documents and processes
The agreement, known as the E-Commerce Joint Initiative, was finalized on July 26, 2024, after five years of negotiations involving 90 countries, aiming to eliminate customs duties on digital content
▪️ The agreement eliminates customs duties on digital content, lowering costs for UK businesses
▪️ It mandates the adoption of digital customs systems and e-documents, potentially increasing UK GDP by up to £24.2 billion
▪️ The initiative also introduces legal safeguards against online fraud, enhancing consumer protection.
The UK has joined a groundbreaking global digital trade agreement, the first of its kind negotiated under the World Trade Organization (WTO).
The agreement, known as the E-Commerce Joint Initiative, was finalized on July 26, 2024, after five years of negotiations involving 90 countries.
This initiative aims to modernize international trade by promoting the digitalization of customs documents and processes, and is expected to significantly benefit the UK economy.
Digitalisation of customs documents and processes
The E-Commerce Joint Initiative focuses on creating a more efficient and secure global trade environment.
By committing to the digitalization of customs documents and processes, the agreement seeks to replace outdated paper-based systems.
This transition is expected to save time and reduce costs for businesses by eliminating the need for physical signatures and the physical exchange of documents.
The Organization for Economic Co-operation and Development (OECD) estimates the value of global digital trade at around £4 trillion and growing.
The UK’s involvement in this agreement could see a significant economic boost.
According to the UK government’s analysis, adopting advanced digital trading systems could increase the UK’s GDP by up to £24.2 billion, based on 2023 GDP figures.
The agreement also aims to protect consumers from online fraud and misleading product claims.
By establishing a common set of rules, it helps create a safer environment for digital transactions.
For UK businesses, particularly those in financial services, the adoption of e-documents and e-signatures will simplify international transactions, reducing reliance on paper contracts and manual processes.
@ Newshounds News™
Read more: Trade Finance Global
~~~~~~~~~
WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants agreeing to a two-year extension of a moratorium on taxation of cross-border electronic transmissions — mitigating the fragmentation that businesses face when transacting internationally is top of mind for global enterprises.
The 91 WTO members participating in the discussions account for over 90% of global trade, and the joint statement’s co-conveners, Australia, Japan and Singapore, were able to pass an agreement banning the imposition of “customs duties on electronic transmissions between a person of one Party and a person of another Party.”
Role of Standardization
Crucially, within the text of the WTO agreement, are the hints of a slow-but-sure reimagining of cross-border commerce’s digital transformation — both around international e-invoicing and paperless global trade.
“The Parties recognize that electronic invoicing frameworks can help improve the cost effectiveness, efficiency, accuracy, and reliability of electronic commerce transactions.
As PYMNTS has covered, the move toward e-invoicing is not merely about converting a paper invoice into a digital format; it’s about reimagining the entire business-to-business (B2B) invoicing process to be more streamlined and better integrated into digital business ecosystems.
The workflow transformation promises to reduce errors, lower costs, and speed up B2B payment processes, offering benefits to companies of all sizes.
Already, more than 80 countries have put in place a mandate for e-invoicing or continuous transaction control (CTC) requirements as governments around the world look to prioritize tax reform and real-time reporting.
PYMNTS Intelligence data has found that nearly half (45%) of small and medium-sized businesses (SMBs) cited manual invoice review as a problem when making payments, with 19% saying it was their top issue.
“With a view to creating a paperless border environment for trade in goods, the Parties recognize the importance of eliminating paper forms and documents required for importation, exportation, or transit of goods …
Cross-border payments often involve multiple intermediaries, resulting in high fees and long processing times.
“If you do a $10 transaction today, you’ll probably spend a very significant part of that $10 as fees. And we need to get to a point where that base fee is something that you don’t have to think about, so that you can do low-value transactions at scale — that could change the landscape of cross-border payments,” Ram Sundaram, COO at TerraPay, explained to PYMNTS.
@ Newshounds News™
Read more: PTMNTS
~~~~~~~~~
RICS Summit 2024
Russia will hold the BRICS Summit in Kazan from October 22 to 24, 2024.
During its BRICS presidency this year, Russia has said it will focus on "promoting the entire range of partnership and cooperation within the framework of the association on three key tracks – politics and security, the economy and finance, and cultural and humanitarian ties."
@ Newshounds News™
Read more: Uniting to Combat NTDs
~~~~~~~~~
Newshound's Daily Breakdown Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps