“Tidbits From TNT” Saturday 8-10-2024
TNT:
Tishwash: Parliamentary Committee: The decline in oil prices will not affect the budget
On Saturday, the Parliamentary Oil and Energy Committee in the House of Representatives renewed its assertion that the drop in oil prices to $70 per barrel will not affect the budget.
Vice Chairman of the Committee, Nehru Mahmoud Qadir, told the Maaloma Agency, “There are concerns if the price of a barrel of oil reaches less than $70 in next year’s budget.”
He added, "The price of a barrel of oil was calculated at $70 in the budget for the year 2024, indicating that the slight fluctuation in oil prices will not affect it."
TNT:
Tishwash: Parliamentary Committee: The decline in oil prices will not affect the budget
On Saturday, the Parliamentary Oil and Energy Committee in the House of Representatives renewed its assertion that the drop in oil prices to $70 per barrel will not affect the budget.
Vice Chairman of the Committee, Nehru Mahmoud Qadir, told the Maaloma Agency, “There are concerns if the price of a barrel of oil reaches less than $70 in next year’s budget.”
He added, "The price of a barrel of oil was calculated at $70 in the budget for the year 2024, indicating that the slight fluctuation in oil prices will not affect it."
He stressed that "employees' salaries are fully insured even if oil prices drop to $70." link
Tishwash: Central Bank Governor Participates in a Workshop Specialized in Electronic Payment
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development.
His Excellency the Governor said during his speech at the workshop: The Central Bank of Iraq works side by side with the government program and the Prime Minister's direction to support electronic payment, and we are proud of what we have achieved so far. In 2023, the amounts processed through the national switchboard witnessed a significant increase, reflecting the development of the infrastructure and the expansion in the use of electronic payment channels and the impact of the campaign launched by the Prime Minister to activate electronic payment operations in general, and in the government sector in particular. His Excellency added that these upward trends continued to develop in 2024, as the amounts processed in the national switchboard systems amounted to more than (2) trillion Iraqi dinars in July alone, compared to (800) billion dinars in the same month of 2023, after which it became (1) trillion dinars in January of 2024, and government payments witnessed an additional increase, reaching (912) billion Iraqi dinars last July compared to (287) million dinars in the same month of 2023.
His Excellency pointed out that payment operations at fuel stations in Baghdad alone increased significantly, recording more than (44) billion dinars in July of this year, compared to (183) million dinars in July of 2023 and (4.5) billion dinars in December 2023, revealing a huge increase in the number of points of sale (POS) to reach more than (50) thousand points of sale this year compared to approximately (11) thousand POS points of sale at the beginning of 2023, and thousands of them are in government institutions after they were zero before the launch of the campaign in June 2023.
Expressing his hope that government institutions will adopt the establishment of units specialized in electronic payment technologies to work on following up and developing this important aspect.
Central Bank of Iraq
Media Office
August 10, 2024 link
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Tishwash: Document.. The Iraqi judiciary settles the controversy over whether the governor of the Central Bank should remain in his position or not
The Supreme Judicial Council in Iraq supported the State Council’s decision to refer the Central Bank Governor, Ali Al-Alaq, to retirement after reaching the legal age.
The Supreme Judicial Council said in an official document, a copy of which was received by Shafaq News Agency, that the same subject was studied by the Studies Committee in the Presidency of the Judicial Supervision Authority, and the same opinion of the State Council was reached in the two aforementioned decisions.
The House of Representatives had sent a letter to the Supreme Judicial Council inquiring about the judiciary’s opinion on the permissibility of the bank governor continuing in service after reaching the legal retirement age.
The State Council has decided the official position on whether or not the Central Bank Governor, Ali Al-Alaq, will continue in his position, confirming that he has exceeded the legal retirement age.
It was stated in correspondence between the State Council and Parliament, in response to the House of Representatives’ request to clarify the opinion of the State Council regarding the permissibility of the Governor of the Central Bank continuing in service after reaching the legal retirement age.
The State Council had explained, according to the documents, that Clause (First) of Article (103) of the Constitution stipulated that the Central Bank shall be a financially and administratively independent body whose work shall be regulated by law and which shall be accountable to the House of Representatives. Article (2) of the Central Bank Law issued pursuant to Order No. (56) of 2004 of the (dissolved) Provisional Coalition Authority stipulated that the Central Bank shall be a legal entity with full capacity and independence and subject to accountability.
He pointed out that the legislator has explicitly stipulated that retirement upon reaching the legal age is an inevitable retirement by law unless exempted by a special provision, and since there is no special provision exempting the Governor of the Central Bank from the provisions of inevitable retirement upon reaching the legal age.
The State Council confirmed that the legal principle states: “Heads of independent bodies are subject to the legal retirement age.” link
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Tishwash: Iraq loses $52 billion in foreign investment due to "corruption"
On Saturday, the head of the "Iraq Al-Mustaqbal" Foundation concerned with economic affairs, Manar Al-Obaidi, referred to the latest report of the United Nations Development Program, which revealed the exit of more than 5 billion US dollars in foreign direct investments from Iraq in 2023.
The report showed, according to Al-Obaidi, that Iraq lost foreign investments worth more than 52 billion US dollars from 2013 to 2023.
Al-Obaidi stressed, in a statement received by Shafak News Agency, the importance of foreign investments in stimulating economic growth, increasing job opportunities, and transferring knowledge, stressing that foreign investments are an important source of income for funds not linked to state revenues or local investments.
Al-Obaidi identified the main reasons for the exit of these investments from Iraq, which include the deteriorating business environment, lack of transparency, accumulated bureaucracy, and multiple and conflicting decision-making sources, explaining that the lack of clear laws to protect foreign investors’ funds also contributed to this deterioration.
Al-Obaidi described the private sector support programmes as “weak slogans”, pointing out that the totalitarian and socialist thinking is prevalent in government institutions, which has negatively affected the objectives of investment agencies that have focused mainly on local real estate investments rather than in the fields of energy, infrastructure and productive projects.
Al-Ubaidi stressed that the continuation of socialist and pastoral thinking in government agencies will lead to the continued draining of foreign investments from Iraq.
He stressed the need for a real will to improve the business environment through three basic elements: transparency, facilities, and protection, in order to attract foreign investors and strengthen the Iraqi economy. link
Mot: ..... OK Gals!! -- What Can Ya Do With $5......
Mot: ... Once More - a Great Person Saying ~~~~~
News, Rumors and Opinions Saturday AM 8-10-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 10 Aug. 2024
Compiled Sat. 10 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Opinions/Rumors)
Bruce: Over 1500 Farm Claims have been paid out. Prosperity Packages National Guard deliveries started on Fri. 9 Aug. We would get notification to set appointments for Tier 4B and Tier 4A by noon Sat. 10 Aug. The new currency rates were trading on the Forex till Sunday 11 Aug. at 5pm.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 10 Aug. 2024
Compiled Sat. 10 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Opinions/Rumors)
Bruce: Over 1500 Farm Claims have been paid out. Prosperity Packages National Guard deliveries started on Fri. 9 Aug. We would get notification to set appointments for Tier 4B and Tier 4A by noon Sat. 10 Aug. The new currency rates were trading on the Forex till Sunday 11 Aug. at 5pm.
Wolverine:
A trusted military intelligence contact confirmed that GCR Liquidity release began at exactly 3:00 PM PDT on Wed. 7 Aug. 2024 and would unfold over the next 72 hours. “The Sovereign Committee and US federal government have just approved T4A and B payments – this has started Reno, Miami, and other East Coast states.”
Those holding ZIM bonds will receive a $500 million advance until structured payments begin.
All non-ZIM FX proceeds will be immediately accessible.
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.
Distributions are scheduled to begin after Sat. 10 Aug.
Mid-September was anticipated to be a period of substantial activity of significant financial movement.
~~~~~~~~~~~~~~
On Fri. 9 Aug. 2024 the below briefly appeared on a John F. Kennedy Jr. Telegram site, but then disappeared so it is not known if it was valid or not: John F. Kennedy Jr.
Sources said delays were from making sure QFS system and all the test clients were done perfectly so they can see their funds in their accounts (or hold SKRs) but would not be able to use these funds until the shotgun start has started.
Understand that the Swift System might still be in use until all old currency has been declared useless, but those evil sources are still trying their best to keep it open or slow down the exchange.
Sources say Monday/Tuesday for release of emails/800#
International Default Rates (not Humanitarian):
Dinar will value at a “RI” rate from the time Iraq was invaded which would put it around $3.22 – $3.78
Zim was being offered at a default rate of first two 100T aa bond notes up to 30 T notes at $20 Million each, 31 T notes and up would default to $15 million decreasing the more notes you own.
HOWEVER the AA Zim are Bonds and we have been told they can NOT be renegotiated, ASK for the contract/solverant rate
These rates can be negotiated on your second visit with your projects and team members.
You will have 90 days to exchange
Have all currency on a spreadsheet and a copy for your appointment personal.
Currency should be separated by countries and denominations
Have your projects ready with a copy for your appointment personal.
Have your amounts ready to take care of your immediate needs.
No cash will be given, but an account of 50,000 to 100,000 will be put in your account
You can bring accountants, lawyers, banker and or family members but all must sign a NDA
The money from your birth certificate is already deposited in that account, as well as the repayment of the loans you have requested, student loans, mortgages, etc.
We all have monies that is ours in those accounts. You do not need to have Zim Bonds or Dinar. It is money that you have earned during your life and that is in that account.
Once everyone has collected the bonuses, the general public will come, they will be called to the redemption center, they will be given a QFS card and they can use their money.
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Global Financial Crisis:
Fri. 9 Aug. 2024: Bank of England expected to lose £254 BILLION from the QE money printing programme since December 2021 – The Economist
Fri. 9 Aug. 2024: Number of bankruptcies in Germany “unexpectedly” rose in July to the highest level in about ten years. https://www.berliner-zeitung.de/news/iwh-zahl-der-insolvenzen-im-juli-auf-rekordwert-gestiegen-berlin-besonders-betroffen-li.2242948
Fri. 9 Aug. 2024 US Traders lose billions on volatility short after Stocks Rout: https://www.reuters.com/markets/us/traders-lose-billions-big-volatility-short-after-stocks-rout-2024-08-07/
Major US Banks shut down 33 locations in just two weeks:
National banks continue to shut down branches at an alarming rate, with multiple locations being shuttered in just two weeks in July.
33 is a significant number for “them”
Florida lost the most branches, with Ohio, Virginia and Texas following with three branches each in those states.
Bank of America closed 100 branches in 2024 alone.
California saw the most closures at 72 while New York was second with 51 and Pennsylvania had 40 branches closed.
Banks closing branches include:
1. Chase
2. Lemont
3. PNC
4. Dollar Bank
5. Axiom Bank
6. Wells Fargo
7. Zions Bancorporation
8. Capitol, Citizens
9. Bank of America
Read full post here: https://dinarchronicles.com/2024/08/10/restored-republic-via-a-gcr-update-as-of-august-10-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat My CBI contact said...that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final...The news media ran off half cocked with the story... She said let’s wait and see what happens to Mr. Alaq. If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon... [Post 1 of 2....stay tuned]
Mnt Goat She [CBI contact] thinks he will remain as the proxy director for a period more... I believe he does...have the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors...Let’s see what happens. [Post 2 of 2]
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DOLLAR CRASH & END OF EMPIRE: Iran War, Dollar's Loss of Reserve Status, Propaganda | Dr. Ron Paul
Lena Petrova: 8-9-2024
Was Deep State Interference Exposed in Blocking Iraq’s Currency RV?
Was Deep State Interference Exposed in Blocking Iraq’s Currency RV?
On August 8, 2024 By Awake-In-3D
Recent leadership changes at Iraq’s Central Bank have raised suspicions of a hidden agenda. Could deep state operatives be behind the move to obstruct Iraq’s currency revaluation?
If you’re curious about what’s really going on with Iraq’s Central Bank, you’re not alone. Recent changes in leadership have sparked a lot of intriguing questions in my mind about Western (G7) deep state interference.
Mustafa Ghaleb Mukheef, the former Governor, has been replaced by Ali Mohsen Al-Alaq, but why? Some say it’s because of the Iraqi Dinar’s sharp decline, but there’s a deeper story here.
Was Deep State Interference Exposed in Blocking Iraq’s Currency RV?
On August 8, 2024 By Awake-In-3D
Recent leadership changes at Iraq’s Central Bank have raised suspicions of a hidden agenda. Could deep state operatives be behind the move to obstruct Iraq’s currency revaluation?
If you’re curious about what’s really going on with Iraq’s Central Bank, you’re not alone. Recent changes in leadership have sparked a lot of intriguing questions in my mind about Western (G7) deep state interference.
Mustafa Ghaleb Mukheef, the former Governor, has been replaced by Ali Mohsen Al-Alaq, but why? Some say it’s because of the Iraqi Dinar’s sharp decline, but there’s a deeper story here.
Mukheef might have been involved in a covert agenda by Western deep state operatives to block Iraq’s efforts to revalue its currency.
This article explains the allegations, the investigations, and what these events mean for the future of the IQD.
In This Article
Leadership Changes Amidst Depreciation of the IQD Currency Rate
Scrutiny of the New Acting Governor
Investigations and Allegations of Mismanagement
The Deeper Implications: Hidden Agendas
The sudden replacement of Mustafa Ghaleb Mukheef, the Governor of the Central Bank of Iraq (CBI), has raised eyebrows. Was this merely a response to the depreciating value of the Iraqi Dinar (IQD), or are there deeper, more sinister reasons at play?
Leadership Changes Amidst Depreciation of the IQD Currency Rate
The Iraqi Dinar has depreciated significantly, losing around 7% of its value in just two months.
Mukheef’s replacement, Ali Mohsen Al-Alaq, who previously held the position from 2014 to 2020, has returned as the “acting” governor.
The conflicting reports about Mukheef’s departure—whether a resignation or dismissal by Prime Minister Mohammed Shia al-Sudani—add to the intrigue.
The depreciation of the IQD currency rate alone doesn’t seem sufficient to explain such drastic leadership changes. Could there be more to Mukheef’s exit than meets the eye?
Scrutiny of the New Acting Governor
Al-Alaq’s extended interim appointment has not gone without scrutiny.
Hadi Al-Salami, a member of Iraq’s Integrity Committee, disclosed ongoing investigations into Al-Alaq’s tenure. According to Al-Salami, the Prime Minister was urged to terminate Al-Alaq’s appointment due to alleged violations.
Despite these calls, Al-Alaq remains in his position, raising questions about his true role and influence.
Investigations and Allegations of Mismanagement
The Integrity Committee has referred several issues to the Integrity Commission and the Public Prosecutor, including alleged mismanagement of exchange rates and financial irregularities.
Substantial sums of money and benefits have reportedly accrued to various Arab and foreign banks, sparking further investigation.
Additionally, Al-Salami revealed that the Acting Speaker of Parliament has agreed to host Al-Alaq in upcoming sessions to address numerous questions about his actions as governor.
Al-Alaq’s defense centers on his claims of effective management and forthcoming discussions with the Federal Reserve and the US Treasury Department.
The Deeper Implications: Hidden Agendas
Mukheef’s replacement may not simply be about the depreciation of the IQD currency rate.
There are suspicions that Mukheef could have been a Western (G7) deep state operative, deliberately stalling Iraq’s progress towards the Iraqi Dinar revaluation.
Soran Omar, a member of the Iraqi parliament’s Economic Committee, announced that Al-Alaq has reached retirement age and submitted his resignation to the Prime Minister.
However, Al-Alaq’s continued presence, despite reaching the legal retirement age, suggests powerful backing that defies standard procedures.
The Bottom Line
The leadership changes at the Central Bank of Iraq raise more questions than answers.
While the official narrative cites the depreciation of the IQD currency rate, the persistence of allegations, the unusual circumstances surrounding appointments, and the shadow of potential Western deep state influence suggest a more complex reality.
As Iraq faces critical decisions on the Iraqi Dinar revaluation, the true motivations behind these moves warrant closer examination.
=======================================
© GCR Real-Time News
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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
~~~~~~~~~
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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
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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
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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
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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
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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
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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
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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
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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.
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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.
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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/
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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