Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-9-24
Good Afternoon Dinar Recaps,
Trump Jr. to Launch Crypto Platform, to “Take on” Banks
PAY ATTENTION TO THIS ONE. THIS ARTICLE IS ANOTHER CONFIRMATION THE DIRECTION OF THE FINANCE WORLD .
"On August 8, Donald Trump Jr. revealed plans for a new DeFi platform aimed at addressing banking access inequality. During a Q&A session on the subscription-based platform Locals, Trump Jr. clarified that this venture is not a memecoin but a comprehensive crypto platform designed to take on traditional banking systems."
“This isn’t about creating a memecoin,” Trump Jr. stated, emphasizing that his initiative represents a broader and more impactful platform. However, he did caution that it will be some time before the project comes to fruition, withholding specific timelines for now.
Good Afternoon Dinar Recaps,
Trump Jr. to Launch Crypto Platform, to “Take on” Banks
PAY ATTENTION TO THIS ONE. THIS ARTICLE IS ANOTHER CONFIRMATION THE DIRECTION OF THE FINANCE WORLD .
"On August 8, Donald Trump Jr. revealed plans for a new DeFi platform aimed at addressing banking access inequality. During a Q&A session on the subscription-based platform Locals, Trump Jr. clarified that this venture is not a memecoin but a comprehensive crypto platform designed to take on traditional banking systems."
“This isn’t about creating a memecoin,” Trump Jr. stated, emphasizing that his initiative represents a broader and more impactful platform. However, he did caution that it will be some time before the project comes to fruition, withholding specific timelines for now.
"He expressed frustration with the current financial system’s exclusivity and its tendency to limit financing opportunities to select individuals. “Decentralized finance is very appealing to me, especially for those of us who have been debanked,” he said.
"Speculation about the new crypto project surged earlier in the week after Trump Jr. tweeted about DeFi, leading many to believe it might involve a new memecoin. On August 7, he posted on X, “We’re about to shake up the crypto world with something HUGE. Decentralized finance is the future — don’t get left behind.”
"Trump Jr. also warned against fraudulent tokens claiming affiliation with the Trump name, stating, “I love the crypto community’s enthusiasm for Trump, but beware of fake tokens. The only official project will be announced by us directly, and it will be fair for everyone.”
@ Newshounds News™
Source: CryptoTimes
~~~~~~~~~
RIPPLE´S STUART ALDEROTY MENTIONS THE PHRASE "HITTING THE #RESET BUTTON" FOUR TIMES IN HIS INTERVIEW WITH CNBC
CLICK ON THE LINK TO HEAR THE 1 MINUTE INTERVIEW
1) "[...] FINALLY, THIS ADMINISTRATION WILL TURN THE PAGE ON THEIR WAR ON CRYPTO AND HIT THE RESET BUTTON."
2) "[...] AND THIS ADMINISTRATION TRULY IS SERIOUS ABOUT HITTING THE RESET BUTTON ON THEIR WAR ON CRYPTO, THERE SHOULD BE NO APPEAL."
3) "WHAT WE NEED AS A COUNTRY IS TO HIT THE RESET BUTTON [...] AND CREATING CLEAR LAWS."
4) "THE COMBINATION OF OUR LITIGATION OUTCOME, THE COMBINATION OF THE ELECTION SEASON WE´RE IN, WE CAN REALLY SEE A RESET BUTTON HERE"
@ Newshounds News™
Read more: X formerly Twitter
~~~~~~~~~
Speaking of RESET
Here is the New US Debt Clock image from yesterday
AND NEW BOXES WERE ADDED TO THE DEBT CLOCK YESTERDAY
@ Newshounds News™
Source: US Debt Clock
~~~~~~~~~
RIPPLE RIPPLE RIPPLE
"Testing, testing…RLUSD! We’re excited to share that Ripple USD (RLUSD) is now in private beta on XRP Ledger and Ethereum mainnet. RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading – please be cautious of scammers who claim they have or can distribute Ripple USD"
"RLUSD will be valued 1:1 to the US dollar (USD) and 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. These reserve assets will be audited by a third-party accounting firm, and Ripple will publish monthly attestations."
"This is a significant milestone and a step closer to bringing more high-quality assets to the XRP Ledger, driving new opportunities, liquidity, and institutional use cases for users, developers, and applications."
@ Newshounds News™
Source: X formerly Twitter
~~~~~~~~~
BRICS Strike Back: Russia and India Team Up to Challenge Dollar Dominance
The trend of de-dollarization continues to gain traction despite many analysts saying the threat is overblown as India and Russia have announced a new partnership that will see their respective payment systems – India’s RuPay and Russia’s MIR – integrated to allow for seamless cross-border transactions without the need for U.S. dollars.
The partnership announcement follows the recent visit by India’s Prime Minister Narendra Modi to Moscow, during which the two countries forged new alliances and trade agreements. At the meeting, India confirmed its commitment to open trade with Russia, a key BRICS counterpart, and will facilitate trade using the RuPay and MIR payment systems.
As part of their agreement, Russian President Vladimir Putin and Modi reportedly set a goal to achieve $100 billion in trade turnover between Russia and India by 2030.
As part of their agreement, Russian President Vladimir Putin and Modi reportedly set a goal to achieve $100 billion in trade turnover between Russia and India by 2030.
@ Newshounds News™
Source: InfoBrics
~~~~~~~~~
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
Is U.S. Dollar Becoming an ‘Unhinged Paper Currency’? ‘It’s Worst It’s Ever Been!’ – Art Laffer
Is U.S. Dollar Becoming an ‘Unhinged Paper Currency’? ‘It’s Worst It’s Ever Been!’ – Art Laffer
Kitco News: 8-9-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Dr. Arthur Laffer, Founder & Chairman of Laffer Associates and Former Economic Advisor to President Reagan and President Trump.
Laffer says the U.S. dollar is moving towards becoming an “unhinged paper currency.” He discusses de-dollarization, the implications of the weaponization of the U.S. dollar, and the competing global payment alternatives gaining traction, including Bitcoin and gold.
Is U.S. Dollar Becoming an ‘Unhinged Paper Currency’? ‘It’s Worst It’s Ever Been!’ – Art Laffer
Kitco News: 8-9-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Dr. Arthur Laffer, Founder & Chairman of Laffer Associates and Former Economic Advisor to President Reagan and President Trump.
Laffer says the U.S. dollar is moving towards becoming an “unhinged paper currency.” He discusses de-dollarization, the implications of the weaponization of the U.S. dollar, and the competing global payment alternatives gaining traction, including Bitcoin and gold.
00:00 Coming Up
02:07 Introduction: U.S. Dollar
04:27 Global Economic Decline
07:23 U.S. Economic Indicators
15:18 Trade and Sanctions
19:24 De-dollarization and Global Monetary System
26:06 Economic Policies and Future Outlook
40:46 King Dollar and Global Prosperity
41:24 U.S. Economy
43:14 Sanctions vs. Military Strength
47:02 The BRICS and Alternative Currencies
52:53 Bitcoin as a Strategic Reserve Asset
01:10:14 Global Economic Prosperity
“Tidbits From TNT” Friday 8-9-2024
TNT:
Tishwash: Sudden escalation"... America threatens Iran with a "devastating strike" and reveals a message to it
America threatened Iran today, Thursday, August 8, 2024, with a "strike and devastating consequences" if it launched a major attack against Israel, in revenge for the assassination of former political bureau chief Ismail Haniyeh in Tehran at the end of last month.
The Wall Street Journal quoted an American official as saying, "We warned Iran that it could suffer a devastating blow if it launched a major attack on Israel."
"We sent a message to Iran that there is a risk of escalation if it launches a major retaliatory attack," the US official added.
TNT:
Tishwash: Sudden escalation"... America threatens Iran with a "devastating strike" and reveals a message to it
America threatened Iran today, Thursday, August 8, 2024, with a "strike and devastating consequences" if it launched a major attack against Israel, in revenge for the assassination of former political bureau chief Ismail Haniyeh in Tehran at the end of last month.
The Wall Street Journal quoted an American official as saying, "We warned Iran that it could suffer a devastating blow if it launched a major attack on Israel."
"We sent a message to Iran that there is a risk of escalation if it launches a major retaliatory attack," the US official added.
He said, "Our message to Tehran did not include a threat to carry out an American strike against targets in Iran," stressing that "they warned Iran of consequences for its economy and the stability of its government if it launched a major attack."
For its part, the US State Department announced that "escalating the conflict could harm the Iranian economy," adding, "We continue to make clear to Iran that it should not escalate the conflict."
The US State Department stated that the US administration "does not communicate directly with Hezbollah, but we have partners in the region who are talking to the party."
The world, the countries of the region, and Israel are awaiting the Iranian military response to the assassination of the former head of the political bureau, Ismail Haniyeh, at his residence in Tehran on July 31, a day after the inauguration of the new Iranian president.
In the latest Iranian threats, Iran's acting Foreign Minister Ali Bagheri told France Presse today, "Our response to Haniyeh's assassination will be costly for Israel, but it will be in the interest of the region's security," stressing that "Israel is not in a position to wage war against Iran." link
************
Tishwash: Parliamentary Committee: Consultative meetings to amend the Investment Law
A member of the Parliamentary Investment Committee confirmed, on Friday, that consultative meetings will be held to amend the investment law in the country.
Committee member Asaad Al-Bazouni told {Al-Furat News} agency that “ the parliamentary investment committee is working on amending the investment law, especially with regard to industrial investment, and discussing its paragraphs through large advisory sessions, especially since Iraq is now heading towards the private investment sector, so there is a need for the law to be suitable for the Iraqi environment and for investors from other countries.”
Al-Bazouni pointed out that "work is underway on the law because it is of great importance in the field of investment, especially since Iraq needs investment because Iraq relies on oil and other simple resources," indicating that "by activating investment and the private sector, there will be other doors for Iraq's income. The budget now has a large deficit and the decline in oil prices is declining and putting us in a big problem, especially since the budget was calculated on the basis of $60 per barrel."
He added, "Reliance on oil resources causes us major problems, and we must rely on more than one resource. Iraq is capable in its industry, agriculture, investment, and lands, and we need to provide a safe and suitable environment for economists, foreign investors, and major international companies . "link
************
Tishwash: Parliamentary Finance: Political and economic reasons prevent Iraq from opening foreign currency channels
The Parliamentary Finance Committee confirmed, today, Friday (August 9, 2024), that there are political and economic reasons preventing Iraq from opening channels for foreign currencies other than the dollar.
Committee member Jamal Kojer said in an interview with Baghdad Today, "Iraq's failure to open channels for foreign currencies other than the dollar is certainly due to political and economic reasons and internal and external factors."
Kocher explained that "opening a window for foreign currencies is done through the presence of tourism, various foreign investments, and foreign industry inside Iraq, and until now the security environment and the political environment are not conducive to providing such an atmosphere, and for this reason there is no window for foreign currencies, and therefore the matter is limited only to dealing in dollars."
It is noteworthy that the Central Bank of Iraq decided on July 4, 2024, to start selling dollars to travelers, exclusively through corporate and banking outlets at international airports.
Meanwhile, the Central Bank decided to grant category “AB” exchange companies the ability to record internal and external remittance activities via the FITR platform. link
************
Tishwash: Revealing the ministries that constitute 80% of the value of salaries in Iraq
Today, Thursday, August 8, 2024, the head of the "Iraq the Future" Foundation for Economic Studies and Consultations, Manar Al-Obaidi, revealed the ministries that constitute 80% of the value of salaries in Iraq.
Al-Obaidi said in a post on Facebook, followed by Sumaria News, that the ministries that constitute 80% of the value of salaries are: the Ministry of Interior 14 trillion dinars annually, the Ministry of Education 10 trillion dinars annually, the Ministry of Defense 8 trillion dinars annually, the Council of Ministers and all the bodies under it 6 trillion dinars annually, in addition to the Ministry of Health 5.6 trillion dinars annually, and higher education 2.6 trillion dinars annually, in addition to the Council of Representatives 500 billion dinars annually.
He added that most ministries witnessed annual growth in their salaries during 2024 and 2023, noting that some ministries, such as electricity, oil, industry and communications, have mostly self-financed directorates, so their salary schedules do not appear in the government's operating expenses. link
Mot: . You's Ready?? -- I's Ready - I Is!!!
Mot: ....... Hmmmmmmmmmmmm - No Comment! – LOL
Zimbabwe Approves Roadmap to Replace US Dollar with Gold-Backed Currency
Zimbabwe Approves Roadmap to Replace US Dollar with Gold-Backed Currency
August 7, 2024
HARARE– Zimbabwe’s cabinet has approved a comprehensive plan to transition from the US dollar to the country’s gold-backed currency, the Zimbabwe Gold (ZiG), in economic transactions.
The roadmap for this shift will be detailed by Finance Minister Mthuli Ncube.
“On modalities to operationalize the ZiG currency as legal tender for use in the economy, a de-dollarization roadmap is now in place,” Information Minister Jenfan Muswere announced at a post-cabinet briefing in Harare on Tuesday.
Zimbabwe Approves Roadmap to Replace US Dollar with Gold-Backed Currency
August 7, 2024
HARARE– Zimbabwe’s cabinet has approved a comprehensive plan to transition from the US dollar to the country’s gold-backed currency, the Zimbabwe Gold (ZiG), in economic transactions.
The roadmap for this shift will be detailed by Finance Minister Mthuli Ncube.
“On modalities to operationalize the ZiG currency as legal tender for use in the economy, a de-dollarization roadmap is now in place,” Information Minister Jenfan Muswere announced at a post-cabinet briefing in Harare on Tuesday.
He mentioned that the timeline for implementation would be presented by Minister Ncube but did not specify when this announcement would occur. The Treasury has not provided immediate comments on the matter.
For the past 15 years, Zimbabwe has heavily relied on the US dollar, which currently constitutes about 70% of all economic transactions, according to central bank data. When the gold-backed ZiG was launched in April, the dollar was used in 85% of transactions.
President Emmerson Mnangagwa has indicated that the ZiG might become the sole currency by 2026, ahead of the initial target year of 2030, a move that has garnered support from the banking sector.
In the interim, authorities are planning to increase penalties for those involved in “unjust price hikes, manipulation of the ZiG currency, smuggling, and all forms of unfair trade practices” to encourage the adoption of the ZiG, Muswere stated. The fines will be raised from a minimum of $200 to a maximum of $5,000 or the equivalent in ZiG.
Source: (Bloomberg)
Seeds of Wisdom RV and Economics Updates Friday Morning 8-9-24
Seeds of Wisdom RV and Economics Updates Friday Morning 8-9-24
CFTC announces $1M award for crypto whistleblower The United States Commodity Futures Trading Commission (CFTC) announced that a whistleblower who assisted the financial regulator in an enforcement action “connected to digital asset markets” would receive a $1 million reward.
In an Aug. 8 notice, the CFTC said it had brought an enforcement action against a firm connected to the digital asset space based on “information about improper trading” provided by an unnamed whistleblower. The regulator did not suggest which crypto firm it was referring to.
Seeds of Wisdom RV and Economics Updates Friday Morning 8-9-24
CFTC announces $1M award for crypto whistleblower
The United States Commodity Futures Trading Commission (CFTC) announced that a whistleblower who assisted the financial regulator in an enforcement action “connected to digital asset markets” would receive a $1 million reward.
In an Aug. 8 notice, the CFTC said it had brought an enforcement action against a firm connected to the digital asset space based on “information about improper trading” provided by an unnamed whistleblower. The regulator did not suggest which crypto firm it was referring to.
“Identifying unlawful conduct in the digital asset marketplace is a major priority for the CFTC, especially as everyday Americans are increasingly victimized by digital asset scams,” said CFTC enforcement director Ian McGinley. “During the last fiscal year, digital asset cases accounted for almost 50% of the CFTC’s docket, and the majority of whistleblower tips that year were related to digital assets.”
@ Newshounds News™
Source: Coin Telegraph
FTX, Alameda Research Must Pay Customers $12.7 Billion In Fraud Suit
Collapsed crypto exchange FTX and its sister trading firm Alameda Research must pay $12.7 billion to resolve a suit from the Commodity Futures Trading Commission (CFTC), according to a court order on Thursday, marking the latest financial blow for convicted head Sam Bankman-Fried’s once thriving crypto empire.
THIS COULD BE THE CASE ASSOCIATED WITH THE $1M Whistleblower Payout!
@ Newshounds News™
Source: Forbes
~~~~~~~~~
US lawmakers introduce legislation to expand Secret Service authority in battling crypto crimes
The bill aims to address the urgent need for robust measures against the complex landscape of digital asset crimes.
A new bill introduced in the Senate seeks to strengthen the US Secret Service’s authority to investigate crimes involving crypto.
The bipartisan effort, led by Senator Catherine Cortez Masto (D-NV) and Senator Chuck Grassley (R-IA), aims to combat transnational cybercriminal activities, including unlicensed money-transmitting businesses, structured transactions, and fraud against financial institutions.
The bill aims to address the urgent need for robust measures against the complex landscape of digital asset crimes. The lawmakers said the legislation will empower the Secret Service to act decisively against these threats, ensuring the safety and security of the financial system.
Expanding authority
The proposed legislation aims to expand the Secret Service’s investigative authority, granting it increased jurisdiction to address crimes involving digital assets, including fraud, money laundering, and illegal money-transmitting businesses.
This expansion will equip the agency with the necessary tools to tackle the evolving nature of cybercriminal activities. According to Grassley:
“Cybercriminals are becoming more innovative and elusive. By enhancing the Secret Service’s authority, we can better protect Americans from financial fraud and other cyber-related crimes.”
The bill encourages enhanced collaboration between the Secret Service and other federal agencies, such as the Department of Justice and the Financial Crimes Enforcement Network (FinCEN).
@ Newshounds News™
Source: CryptoSlate
~~~~~~~~~
BitGo secures major payment license from Singapore’s MAS
California-based digital asset trust and security company BitGo has received a Major Payment Institution license from the Monetary Authority of Singapore.
The company made the announcement on Aug. 8, stating that the MPI license allows it to offer regulated crypto payment services in Singapore, including custody and trading.
Following the approval, BitGo’s Singapore clients will be able to buy and sell crypto from the company’s cold storage custody solutions. Additionally, according to BitGo, the services will include access to its liquidity as well as insured cold storage custody solutions.
The crypto custodian now joins 27 other digital asset companies, including Coinbase and Ripple XRP, which have already secured full MPI licenses to offer crypto services in the city state.
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
Thiel-backed One Trading secures license from Dutch regulator for perpetual futures
Crypto exchange One Trading has been granted an Organized Trading Facility license by the Dutch financial regulator to bring crypto futures onshore in the European Union.
One Trading, a crypto trading platform incubated by Bitpanda, has secured a license from the "Dutch Financial Markets Authority", becoming the only perpetual futures trading venue in the European Union.
The so-called Organized Trading Facility license positions the Netherlands-headquartered crypto exchange as the first cash-settled perpetuals platform in Europe, including the U.K., the press release reads. One Trading founder Joshua Barraclough says the license is part of the company’s mission to enable all customer types “to go long or short on any asset, use any asset as collateral, settle everything instantly, and perpetually roll contracts.”“With this license, we are well positioned to introduce new regulated products and offer institutional-grade solutions to all customer types starting with BTC and ETH products where no onshore E.U. regulated venue currently exists.”
Joshua Barraclough
One Trading emerged as an independent entity from Bitpanda Pro, a unit of the Austrian exchange catering to institutional crypto traders. In 2023, the exchange raised €30 million in a Series A round led by Peter Thiel’s Valar Venture with participation from other investors, including MiddleGame Ventures, Speedinvest, Keyrock, and Wintermute Ventures. In addition to the OTF license, One Trading also holds a virtual asset service provider license from the Italian regulator.
@ Newshounds News™
Source: Crypto News
Banks and Their Tech Suppliers Face More IT Scrutiny in Europe
Banks and their IT providers will soon face tougher scrutiny in the European Union (EU).
That’s because of the Digital Operational Resilience Act (DORA), which passed last year but isn’t set to be enforced until January of 2025. A report Thursday (Aug. 8) by CNBC examines the implications of the law, particularly in the wake of last month’s CrowdStrike outage.
DORA requires banks to carry out strict IT risk management, digital operational resilience testing, information and intelligence sharing on cyber threats and vulnerabilities, along with taking measures to manage third-party risks.
In addition, the report notes, companies will have to assess their “concentration risk” in relation to outsourcing critical operational functions to third-party companies.
These IT providers often provide “critical digital services to customers,” Joe Vaccaro, general manager of Cisco-owned internet quality monitoring company ThousandEyes, told CNBC.
“These third-party providers must now be part of the testing and reporting process, meaning financial services companies need to adopt solutions that help them uncover and map these sometimes hidden dependencies with providers,” said Vaccaro.
Lenders will also have to “expand their ability to assure the delivery and performance of digital experiences across not just the infrastructure they own, but also the one they don’t,” he added.
As the report notes, DORA aims to help banks escape incidents like the massive IT outage last month when a software update glitch at cybersecurity provider CrowdStrike caused Microsoft Windows systems to crash at airports, hospitals and financial services companies.
Weeks later, the fallout from the outage continues, with Delta Air Lines — which canceled more than 5,000 flights following the disruption and says it stands to lose $500 million — threatening legal action against CrowdStrike.
CrowdStrike struck back against the airline’s claims on Sunday (Aug. 4), arguing that while it accepts responsibility for the outage, it does not accept responsibility for Delta’s IT decisions, noting that “Delta’s competitors, facing similar challenges, all restored operations much faster.”
As PYMNTS wrote earlier this week, the incident underlines the importance of third-party vendors like cloud service providers and IT companies in maintaining resilient infrastructure.
@ Newshounds News™
Source: PYMNTS
~~~~~~~~~
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
News, Rumors and Opinions Friday AM 8-9-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 9 Aug. 2024
Compiled Fri. 9 Aug. 2024 12:01 am EST by Judy Byington
Judy Note: The CIA US Oil Dollar that once controlled Middle East Oil was done and Money Laundering Operations were falling apart with the fiat US Dollar near collapse – making the fake Wall Street Financial Report to be placed in limbo.
Money was evaporating inside a massive Black Swan Event Collapse and the Deep State Cabal was going broke.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 9 Aug. 2024
Compiled Fri. 9 Aug. 2024 12:01 am EST by Judy Byington
Judy Note: The CIA US Oil Dollar that once controlled Middle East Oil was done and Money Laundering Operations were falling apart with the fiat US Dollar near collapse – making the fake Wall Street Financial Report to be placed in limbo.
Money was evaporating inside a massive Black Swan Event Collapse and the Deep State Cabal was going broke.
Global Currency Reset: (Opinions/Rumors)
Thurs. 8 Aug. 2024 Bruce:
We were big on today and we did have some things that got started like BH’s paid out of Reno and lots of flights in and out – 3 per hour.
Nothing on CMKX yet – but be patient and hasn’t happened for everybody yet.
Over 1500 Farm Claims have been paid out and a good thing. Three specific people we know one was paid all different sums for Farm Claims.
Prosperity Packages: We confirmed they had the meeting last Saturday and decided to use hand to hand delivery for those payments. Now I hope they will call before they show up and it’s a pretty sizeable check and also the people that will be doing the deliveries will be National Guard – two coming to the door. Those deliveries start tonight Thurs. 8 Aug. or tomorrow morning Fri. 9 Aug.
We know that today RC staff went in at noon – but didn’t get the Green Light to send out to the staff and principals in all of those centers. So we still don’t have that happening yet – but could happen tomorrow Fri. 9 Aug. or Saturday 10 Aug.
The Latest this evening was that we would get notification to set appointments for Tier 4B and Tier 4A Saturday morning by noon 10 Aug.
Exchanges could also occur on Sat. 10 Aug.
Redemption Centers would be open on Sat. 10 Aug. to do our exchanges for currency and bonds.
The ZIM rate is extremely high – Dinar and also Dong but we don’t have Dong rate yet.
On Thurs. 8 Aug. all 19 new rates were flashing really fast on the bank screens and will be solid by tomorrow Fri. 9 Aug. or Saturday 10 Aug.
The rates are trading on Forex till Sunday 11 Aug. at 5pm.
Everything is moving behind the scenes but I don’t have anything on the political front.
We are looking at getting this well underway for us but we don’t know the actual start rate of Nesara and Gesara – but we think it might just come out and not be announced.
Our currency will be asset backed with the new Gold backed dollar and the old fiat currency will go away – but don’t save the new because eventually it will also still be useless at some point in time and New USN United States New notes.
Pay attention between now and the weekend for those emails. The latest info took Friday out and put Saturday 10 Aug. in play.
~~~~~~~~~~~~
Thurs. 8 Aug. 2024 Wolverine:
Good Intel from Bruce today is what I told you yesterday. It has commenced. Tier 4B should comenmcé any time now.
I’m hoping to get the green light tomorrow Fri. 9 Aug. and I’ll know when I have to fly off. When that happens you won’t hear from me ever again until the Get Together. My job will be done.
OBTW in regards to MarkZ it was no offence to Mark as I do respect him and the work he has done throughout the years but I can categorically say what Mark said this morning was BS. He probably being cautious or he’s being told to be quiet.
~~~~~~~~~~
Thurs. 8 Aug. 2024 American Media Group, Wolverine:
Liquidity Release and Notifications Have Begun!
At exactly 3:00 PM PDT (on Wed. 7 Aug. 2024), our trusted military intelligence contact confirmed that the long-awaited liquidity release and notifications for tiers and lower categories, including 4B, has officially begun. This monumental event will unfold over the next 72 hours, bringing significant financial changes and opportunities for those involved. Stay tuned as we delve into the details and implications of this groundbreaking launch.
The Liquidity Release, An Overview: At the heart of today’s explosive news is the start of the liquidity release. This process is crucial to distributing funds across various financial tiers and categories, including the highly anticipated Tier 4B. For months, anticipation and speculation have surrounded this event, and now it’s finally happening.
Our military intelligence contact, who has been a trusted source of information, indicated that everything was set in motion at 3:00 PM PDT (on Wed. 7 Aug.). Shotgun issuance is expected to distribute funds and notifications within the next 72 hours. This swift and decisive action is designed to ensure a smooth and efficient distribution of financial resources to those who have been patiently waiting.
Restrictions and Happiness What to Expect: Although our contact was not at liberty to discuss specific limits and limitations, he assured us that the outcome will be overwhelmingly positive. Details will be revealed during the appointments, but preliminary information suggests that everyone will be very pleased with the rates.
One of the highlights is the 90-day advance of ZIM. Those holding ZIM bonds will receive a $500 million advance until structured payments begin. This important advance provides immediate liquidity and demonstrates the financial system’s commitment to ensuring that participants have access to substantial resources quickly.
Immediate access to non-ZIM FX proceeds: In addition to the ZIM advance, all non-ZIM FX proceeds will be immediately accessible. This means that participants can begin using their funds without delay. For those who choose to place their funds under a structured payment program (SPP), there will be an advance of up to $250 million until the first SPP payment is made. This structured approach ensures that funds are managed effectively while also providing immediate liquidity to recipients.
The launch is done – a week late but finally here. Today, August 7th, marks an important milestone. Although the launch happened a week later than initially promised, it is crucial to focus on the fact that it actually happened. The reasons for the delay are still unclear, but what matters now is the start of distributions.
These distributions are scheduled to begin next week, after August 10th, setting the stage for significant financial activities and opportunities.
Preparing for the change. With the launch already underway, it is time to prepare for the upcoming changes. The next few days will be crucial as we understand the change and begin to set up preliminary structures to create corporate bonds. This preparation phase is vital to ensure that we can smoothly transition to the full funding cycle.
Mid-September is anticipated to be a period of substantial activity and significant financial movements are expected. Those who are aware and prepared will not be caught off guard by the big booms expected in the coming weeks.
Stay safe and focused. In these transformative times, it is essential to stay safe, focused, and vigilant. The changes taking place will have far-reaching implications and being prepared is key. Watching and praying, as our contact advises, will help to stay focused and prepared.
The Road Ahead: Big News in the Days and Weeks Ahead The news of the shotgun release is just the beginning. The coming days and weeks promise to be filled with important developments and opportunities. Those involved at the financial levels and tiers will need to stay informed and prepared to act as the situation evolves.
Understanding Shotgun Liquidity Release: What is Shotgun Release? The term “instant release” refers to a rapid and simultaneous distribution of funds across multiple financial levels and tiers. This method ensures that all participants receive their allocations promptly, minimizing delays and maximizing efficiency. This strategy is particularly important in scenarios where large sums of money need to be distributed quickly to a wide group of recipients.
Why Now? The timing of this release is critical. The global financial landscape is undergoing significant changes and the release of these funds is a key part of a broader strategy to stabilize and stimulate economic activity. By injecting liquidity into the market, the aim is to encourage growth, provide immediate financial relief and lay the groundwork for sustained economic development.
Mid-September is predicted to be a period of substantial activity and significant financial movements are expected. Those who are aware and prepared will not be caught off guard by the major booms expected in the coming weeks.
Stay safe and focused. In these transformative times, it is essential to stay safe, focused and vigilant. The changes taking place will have far-reaching implications and being prepared is key. Watching and praying, as our contact advises, will help to maintain focus and readiness.
The road ahead: Big news in the days and weeks ahead. The news of the shotgun launch is just the beginning. The coming days and weeks promise to be filled with important developments and opportunities. Those involved at the financial levels and levels will need to stay informed and prepared to act as the situation evolves.
Read full post here: https://dinarchronicles.com/2024/08/09/restored-republic-via-a-gcr-update-as-of-august-9-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff Since Al-Alaq returned as the CBI governor I've always shared he would only remain until Iraq RVs. Now they're talking about forcing him into retirement!
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Alaq has just retired from the CBI as the governor. FRANK: Thank you for your service Alaq. Move over, the US Treasury is here. FIREFLY: Hours earlier Alaq was on Channel One saying don't believe the rumors and the TV said he was retiring. Now he does retire. FRANK: The US Treasury is not playing...
Heads Up BREAKING NEWS Troops Being Deployed to Middle East
Edu Matrix: 8-8-2024
Heads Up BREAKING NEWS Troops Being Deployed to Middle East - US Troops Injured in Attack at Military Base in Iraq. Troop Deployment is for the Entire Region.
DITCH THE DOLLAR: China & Russia To Use Barter to Grow Bilateral Trade & Avoid Western Sanctions
Lena Petrova: 8-8-2024
As a Currency Reset looms: Why Gold is Your BEST DEFENSE Right Now
Why Gold is Your BEST DEFENSE Right Now
Taylor Kenny: 8-8-2024
Fueled by runaway government debt and relentless money printing, Taylor Kenney further explores the continuing collapse of the U.S. dollar.
As a currency reset looms with central banks worldwide scrambling, gold takes center stage as the ultimate financial safeguard.
Taylor reveals why now is the moment to shield your assets to prepare for what's coming next.
Why Gold is Your BEST DEFENSE Right Now
Taylor Kenny: 8-8-2024
Fueled by runaway government debt and relentless money printing, Taylor Kenney further explores the continuing collapse of the U.S. dollar.
As a currency reset looms with central banks worldwide scrambling, gold takes center stage as the ultimate financial safeguard.
Taylor reveals why now is the moment to shield your assets to prepare for what's coming next.
Why GOLD; Dollar Death & New BRICS Gold Currency, Q&A | Andy Schectman
Why GOLD; Dollar Death & New BRICS Gold Currency, Q&A | Andy Schectman
Soar Financially: 8-8-2024
Andy Schectman of Miles Franklin joins us at the Rule Symposium to discuss the decay of the US Dollar, the new BRICS currency "The Unit" which will be GOLD BACKED and answers audience questions.
We dive deep into the dealings of China in the silver market and other shenanigans by the big banks, including JP Morgan.
Why GOLD; Dollar Death & New BRICS Gold Currency, Q&A | Andy Schectman
Soar Financially: 8-8-2024
Andy Schectman of Miles Franklin joins us at the Rule Symposium to discuss the decay of the US Dollar, the new BRICS currency "The Unit" which will be GOLD BACKED and answers audience questions.
We dive deep into the dealings of China in the silver market and other shenanigans by the big banks, including JP Morgan.
Chapters & Timestamps (AI generated):
00:00 Introduction
00:09 Erosion of the Dollar and Government Spending
00:25 New BRICs Settlement Currency
00:38 Special Coverage from the World Symposium
01:00 Introduction of Guests
01:14 Audience Questions
01:30 Precious Metals IRA and Exit Strategy
02:00 Benefits of Precious Metals IRA
02:37 Definition of IRA and Its Benefits
03:15 Undervaluation of Assets and Future Strategies
03:55 Market Trends and Precious Metals Allocation
04:36 Future of Precious Metals Market
05:00 Storage Business Potential
05:12 Importance of Storage and Brokerage Business
06:00 Future of Precious Metals Market Continued
06:50 Macro Questions: Gold and Silver Revaluation
08:00 Historical Perspective on Gold and Silver
09:00 Real Value of Gold and Silver
11:00 China and Bullion Banks
12:50 Importance of Gold to China
15:00 BRICs Currency and Project Enbridge
16:20 Project Enbridge and Central Bank Digital Currencies
17:50 Impact of New BRICs Currency on USD
19:00 Implications of New Settlement Currency
20:50 Transparency in Gold Holdings
22:00 Gold Revaluation Account
23:50 Repatriation of Gold by Countries
25:00 Project Enbridge and Cross-Border Payments
26:20 Impact on US Dollar
27:30 Presentation Highlights at Rule Symposium
29:00 Actions and Ramifications of US Policies
31:00 Resetting the System and Modern Monetary Theory
32:00 JP Morgan and Silver Price Target
33:50 JP Morgan's Role in Precious Metals Market
36:30 Interview with Chairman of Silver Institute
37:20 Closing Remarks and Call to Action
Seeds of Wisdom RV and Economics Updates Thursday Evening 8-8-24
Good evening Dinar Recaps,
Economist Jim Rickards Highlights Gold's Opportunity During Market Meltdowns
"Gold is being profiled as a relevant investment option in economic uncertainty and market instability times. Jim Rickards, a U.S. economist and best-selling author of books like “Currency Wars” and an opinion contributor to several newspapers and publications including The New York Times and The Washington Post, has referred to the investment opportunity that gold presents during acute market setbacks."
"In social media, Rickards reinforced its solid opinion of gold as a hedge against market instability, predicting the price movement of the precious metal during these events.
"Rickards says, "In a stock market meltdown, gold goes down due to selling by weak hands who need cash for margin calls. The strong hands take a beat, wait for a bottom. Then they jump in with both feet because they know it’s way up from there."
"Rickards has been analyzing gold’s position in today’s economy, stating that the metal might be used in case of a global currency meltdown to re-establish the gold standard, with many countries, including the U.S., purchasing gold to support the value of their currency."
Good evening Dinar Recaps,
Economist Jim Rickards Highlights Gold's Opportunity During Market Meltdowns
"Gold is being profiled as a relevant investment option in economic uncertainty and market instability times. Jim Rickards, a U.S. economist and best-selling author of books like “Currency Wars” and an opinion contributor to several newspapers and publications including The New York Times and The Washington Post, has referred to the investment opportunity that gold presents during acute market setbacks."
"In social media, Rickards reinforced its solid opinion of gold as a hedge against market instability, predicting the price movement of the precious metal during these events."
Rickards says, "In a stock market meltdown, gold goes down due to selling by weak hands who need cash for margin calls. The strong hands take a beat, wait for a bottom. Then they jump in with both feet because they know it’s way up from there."
"Rickards has been analyzing gold’s position in today’s economy, stating that the metal might be used in case of a global currency meltdown to re-establish the gold standard, with many countries, including the U.S., purchasing gold to support the value of their currency."
"Nonetheless, while some markets rebounded after Monday’s meltdown, gold continued to trade down, losing the $2,400 mark. Even after slipping down, gold prices are still almost 15% up during 2024, reaching historic high levels just some days ago."
"According to the World Gold Council, demand is expected to maintain the next year supported by central bank gold purchases for portfolio diversification and protection purposes."
@ Newshounds News™
Source: Bitcoin
~~~~~~~~~
BREAKING: Victory for Ripple as XRP Is Not a Security in the US; $125M Fine for the Truth
Ripple’s decisive victory over the SEC has officially ruled XRP a non-security.
Judge Torres reduced the SEC’s demanded fine from $2 billion to $125 million.
Ripple has exciting news following its recent victory over the US Securities and Exchange Commission (SEC). XRP has been officially classified as a non-security, a designation that was highly disputed during Ripple’s litigation against the Commission.
Court Significantly Reduces SEC Penalties for Ripple’s Institutional XRP Sales
In addition, as Ripple CEO Brad Garlinghouse noted in his most recent tweet, the court has reduced the SEC’s penalties for institutional XRP sales that violate federal securities laws.
"The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.
This is a victory for Ripple, the industry and the rule of law. The SEC’s headwinds against the whole of the XRP community are gone."
Judge Torres of the Southern District of New York levied the penalties after concluding that Ripple’s 1,278 institutional sales transactions breached securities regulations.
Previously, Judge Torres decided in July 2023 that Ripple violated federal securities laws by selling XRP directly to institutional clients. However, automated sales of XRP to retail clients through exchanges did not violate securities regulations.
Recently, the SEC failed to appeal a portion of the order that excused Ripple from securities law violations in programmatic sales.
Furthermore, Judge Torres has forbidden Ripple from future violations of federal securities laws, signaling that any violations will necessitate the issue of a court order. Ripple must file a registration statement if it intends to sell securities in the future.
Interestingly, Ripple’s convincing triumph has generated a surge in demand for XRP. At the time of writing, XRP was up 17.88% over the last 24 hours to $0.6055. Its daily trade volume has risen more than 200% to $5.05 billion. The price of XRP has quickly risen to pass crucial levels, $0.50 and $0.60.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~
Solana ETF Approved by Brazilian SEC
Following its approval by the Brazilian regulator, the ETF is in a pre-operational phase, awaiting approval by Brazilian stock exchange B3.
Brazil's Securities and Exchange Commission (CVM) has approved a spot Solana exchange-traded fund (ETF).
According to local business publication exame, the ETF, created by Brazilian asset manager QR Asset and operated by fund administrator Vortx, is in a pre-operational phase, pending approval by Brazilian stock exchange B3.
The ETF will reference the CME CF Solana Dollar Reference Rate, created by CF Benchmarks and the Chicago Mercantile Exchange (CME).
Speaking to exame, QR Asset manager and chief investment officer Theodoro Fleury described the firm as a "global pioneer in this segment, consolidating Brazil's position as a leading market for regulated investments in crypto assets."
Solana ETFs around the world
With the CVM's approval, Brazil has outpaced the U.S. in the race to bring a spot Solana ETF to market. Following the surprise approval of multiple U.S. spot Ethereum ETFs, firms including VanEck and 21Shares have filed S-1 registration forms with the U.S. Securities and Exchange Commission (SEC) in the hope of securing approval.
In May, British bank Standard Chartered predicted in a research note that Solana and XRP ETFs are on the horizon, "albeit this is likely a 2025 story not a 2024 one."
Last month, VanEck's head of digital assets predicted that approval of a U.S. Solana ETF hinges on the outcome of the U.S. presidential election, dubbing the lack of a regulated futures market for Solana a "Psyop" by SEC chair Gary Gensler.
However, asset manager BlackRock has sat out the race, taking a skeptical position and predicting that "it will be a while before we see anything else" beyond Bitcoin and Ethereum ETFs.
Meanwhile, to the north, investment fund manager 3iQ has filed for a Solana ETF in Canada, aiming to be the first to market in North America. Interestingly, 3iQ has said from the outset that the fund would stake the SOL it buys to back shares. “The Solana Fund offers easy exposure to SOL without technical complexity,” the company wrote at the time. “As part of our investment strategy, the Solana Fund will stake SOL to earn rewards.”
@ Newshounds News™
Source: Decrypt
~~~~~~~~~
BRICS: Russia Officially Legalizes Bitcoin and Crypto Mining
"In another important sign of BRICS development in digital currencies, Russia has officially legalized Bitcoin and crypto mining in the country. Indeed, Moscow’s president, Vladimir Putin signed a law Thursday that legalizes the cryptocurrency process to specified persons."
The legislation will only allow “legal entities and individual entrepreneurs included in a register,” to mine crypto, Russian state media reports. However, it also legalizes mining for any individuals who “do not exceed the energy consumption limits,” proposed by the government.
"The past several months have seen BRICS embrace digital assets in a massive way. The group is reportedly considering the creation of a native currency using blockchain technology. It could be set to use these digital assets as a way to move further from the US dollar. Recent legal actions taken by one of its leading nations certainly support that assertion."
"As BRICS develops its digital currency infrastructure, Russia has officially legalized Bitcoin and crypto mining. The law will reportedly allow cryptocurrencies to be traded on native blockchain platforms. Moreover, it will go into effect in just ten days."
"This isn’t the first pro-crypto law Russia has passed this year. In late July, the country moved to allow crypto payments in international trade. The decision was made to combat Western sanctions."
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
Newshound's Daily Breakdown Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
More News, Rumors and Opinions Thursday PM 8-8-2024
TNT:
Tishwash: America announces the arrival of F-22 aircraft to the region to confront the threats of Iran and its agents
The US Central Command announced on Thursday the arrival of F-22 aircraft to the region as part of US reinforcements to confront threats from Iran and its proxies.
"F-22 aircraft have arrived in the region to mitigate the possibility of regional escalation," the US Central Command said.
The Middle East is bracing for a possible new wave of attacks by Iran and its allies following the assassination of the head of the political bureau of the Palestinian resistance movement (Hamas) in Tehran and a senior commander in the Lebanese Hezbollah group in Beirut, raising fears of a wider war in the Middle East.
TNT:
Tishwash: America announces the arrival of F-22 aircraft to the region to confront the threats of Iran and its agents
The US Central Command announced on Thursday the arrival of F-22 aircraft to the region as part of US reinforcements to confront threats from Iran and its proxies.
"F-22 aircraft have arrived in the region to mitigate the possibility of regional escalation," the US Central Command said.
The Middle East is bracing for a possible new wave of attacks by Iran and its allies following the assassination of the head of the political bureau of the Palestinian resistance movement (Hamas) in Tehran and a senior commander in the Lebanese Hezbollah group in Beirut, raising fears of a wider war in the Middle East.
US Secretary of State Antony Blinken said US officials were in contact with allies and partners in the region and that there was "unanimous agreement" that no party should take any actions that would escalate the situation. link
Tishwash: Parliamentary Integrity Committee prepares to question the Governor of the Central Bank of Iraq
Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed on Thursday that his committee has been following up for more than a year on the file of ending the assignment of the Governor of the Central Bank, Ali Al-Alaq, from his position.
Al-Salami explained to Shafaq News Agency that the committee addressed the Prime Minister several times to pressure him to end Al-Alaq's assignment, due to the existence of many violations against him.
He added that the government program announced by the Prime Minister when forming the government includes the necessity of ending the management of positions by proxy after six months of forming the government, noting that Al-Alaq is still managing the position by proxy without any action to cancel his assignment so far.
Al-Salami pointed out that there are many files and violations related to the Central Bank, which have been referred to the Integrity Commission and the Public Prosecution, indicating that these violations include issues related to the lack of control over the exchange rate in the market, in addition to millions of dollars and interest received by Arab and foreign banks, including Jordanian banks.
He revealed that the Acting Speaker of the House of Representatives approved the request to host the Governor of the Central Bank in the upcoming sessions, noting that there are many questions that will be put to the Governor during the hosting session.
In contrast, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, told the official Iraqi News Agency that meetings will be held with the Federal Reserve and the US Treasury Department at the end of this August to review aspects related to foreign transfer operations and discuss the sanctions imposed on some banks.
Al-Alaq confirms the success of the Central Bank in leading the steps related to foreign transfers and selling the dollar. link
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: "PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS" Quote: "the government must work on amending and adding new paragraphs to the law..." WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far...
Frank26 We don't know if Alaq is truly gone. But he is right now while the US Treasury is there...The US Treasury is overseeing all of the dollar transaction now in the CBI. Not the total operations of the CBI but most of it.
BEYOND THE VAULT WITH ANDY, BIX (BIll) & JEAN-CLAUDE - AUG 8
Beyond Mystic: 8-8-2024
BRICS: US Stock Market Suffers Major Crash; Is It the End of the Dollar?
We love Africa: 8-7-2024
Amid BRICS de-dollarization, the crisis has reached the West, with more than $2 trillion being wiped out of the US stock market in the first hour of trading. Indeed, concerns about America’s facing an economic slowdown have caused panic across global markets.
Now, all eyes are on the US dollar’s potential to cope with the concern.
Inside Zimbabwe’s New Plan to Replace US Dollar with Gold
Inside Zimbabwe’s New Plan to Replace US Dollar with Gold
On August 7, 2024 By Awake-In-3D
The key strategies behind Zimbabwe’s transition to the gold-backed ZiG currency, de-dollarization and what it means for the future.
What This Means in Simple Terms Zimbabwe is trying to stop using US dollars and start using a new gold-backed currency called ZiG. The government has made a plan for this change, but it’s not easy.
Inside Zimbabwe’s New Plan to Replace US Dollar with Gold
On August 7, 2024 By Awake-In-3D
The key strategies behind Zimbabwe’s transition to the gold-backed ZiG currency, de-dollarization and what it means for the future.
What This Means in Simple Terms
Zimbabwe is trying to stop using US dollars and start using a new gold-backed currency called ZiG. The government has made a plan for this change, but it’s not easy.
The ZiG is doing well so far, staying stable against other currencies. More people are using it, but many are still unsure because past local currencies didn’t work out. The government is working hard to make sure people trust and use the ZiG.
This change is part of Zimbabwe’s effort to control its own economy better and reduce dependence on the US dollar. The success of this plan will depend on continued government support and building public trust in the new currency.
The Government’s Dedollarization Roadmap
Zimbabwe’s cabinet recently approved a roadmap to phase out the US dollar in favor of the ZiG.
Information Minister Jenfan Muswere announced that a plan to operationalize the ZiG as legal tender is now in place, marking a significant step toward economic independence.
This transition is supported by penalties for unjust price hikes and manipulation, ranging from $200 to $5,000, aimed at reinforcing the currency’s use.
Stability of the ZiG Amid Economic Challenges
Since its launch in April 2024, the ZiG has maintained its stability against major currencies, including the US dollar.
Trading at 13.76 against the US dollar, the ZiG demonstrates resilience despite Zimbabwe’s complex economic environment.
The currency’s gold backing, initially set at $100 million and 2.5 tons of gold, has grown to over $375 million, reinforcing its value.
The US dollar, meanwhile, has seen fluctuations, with the dollar index (DXY) experiencing significant drops due to economic uncertainties in the US.
Growing Usage and Trust Issues
The use of the ZiG has more than doubled since its introduction, now accounting for about 30% of all transactions in Zimbabwe.
However, widespread acceptance remains a challenge. Many Zimbabweans, having experienced the failure of previous local currencies, are cautious. The government is addressing these concerns by increasing penalties for price manipulation and unfair trade practices to bolster confidence in the ZiG.
Despite these efforts, the transition is slow as the US dollar still dominates the market.
Economic Impacts and Future Prospects
Zimbabwe’s move to the ZiG aims to achieve economic sovereignty, but the country faces significant hurdles.
The ongoing El-Nino-induced drought has strained resources, and key exports like tobacco and platinum have seen declining prices. Despite these challenges, the government’s commitment to the ZiG demonstrates a clear, long-term vision for economic stability.
The ability of the ZiG to maintain its value will depend on the government’s continued support and effective management of the currency.
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