More News, Rumors and Opinions Tuesday PM 8-13-2024
TNT:
Tishwash: Foreign Exchange Service Provider Agents Working Procedures
Date: 8/12/2024
The Arbaeen of Imam Hussein (peace be upon him)... The Iraqi Day of Volunteer Work) Licensed banks All approved electronic payment companies All approved exchange companies from categories (A) and
(B) M. Procedures for the work of agents of external transfer service providers
TNT:
Tishwash: Foreign Exchange Service Provider Agents Working Procedures
Date: 8/12/2024
The Arbaeen of Imam Hussein (peace be upon him)... The Iraqi Day of Volunteer Work)
Licensed banks All approved electronic payment companies All approved exchange companies from categories (A) and (B)
M. Procedures for the work of agents of external transfer service providers
Greetings.. Based on the supervisory and supervisory role of this bank, and in order to regulate the work procedures of agents providing foreign remittance services in light of the rapid developments in the financial transfer service, and to limit its misuse for speculation purposes and benefiting from the exchange rate difference.
It is decided that you will obtain valid residency and passports for non-Iraqis (foreigners) for the purpose of completing transfers, provided that these supporting documents represent the minimum requirements, and you can request any additional document if necessary.
To act accordingly. With appreciation.
I reply. Ammar Hamad Khalaf, Deputy Governor, Agency link
Tishwash: Al-Sudani confirms Iraq's commitment to protecting international coalition advisers and ending their mission
The media office of Prime Minister Mohammed Shia al-Sudani confirmed today, Tuesday, that the latter received, late on Monday night, a phone call from US Secretary of State Anthony Blinken, during which developments in the region and efforts to support regional and international stability were discussed.
A statement issued by the office stated that during the call, Al-Sudani renewed Iraq's principled position on the real reasons behind the destabilization, represented by the continued aggression on Gaza, stressing "the necessity for major countries and international organizations to play their full role in stopping the crimes committed against the Palestinian people, and to apply international laws on perpetrators of crimes against humanity to the aggressors and to stop this horrific brutality, in addition to preventing the violation of the sovereignty of the countries of the region."
Al-Sudani also stressed Iraq's commitment to preventing any directed action that would lead to a breach of security, or expose the advisors of the international coalition to fight ISIS present in Iraq to any danger, stressing the continuation of communication between the two sides in order to end the coalition's missions in Iraq, and move to bilateral security relations that serve the interests of enhancing security and stability.
For his part, the Foreign Minister reviewed the ongoing diplomatic efforts to stop the escalation, and the United States' commitment to continuing consultations with the Iraqi side on regional issues, and supporting the path to strengthening relations and cooperation between the two countries, according to the statement.
Secretary of State Antony Blinken spoke by phone with Iraqi Prime Minister Mohammed Shia al-Sudani on Monday evening, the US State Department said.
The ministry indicated that Blinken stressed again the importance of the Iraqi role in providing protection for the international coalition's military advisers from attacks by pro-Iranian militias.
The two sides agreed to continue mutual consultations on regional issues and to work to strengthen bilateral relations between the United States and Iraq, according to a statement by the US State Department.
US Secretary of State Antony Blinken is scheduled to arrive in the Middle East today and plans to visit Qatar, Egypt and Israel.
The visit comes amid tensions in the region, which is anticipating a dual Iranian attack with the Lebanese Hezbollah on Israel, in response to the assassination of the head of the Hamas political bureau, Ismail Haniyeh, in Tehran, and the killing of Fuad Shukr, a prominent Hezbollah leader, during an airstrike in the southern suburbs of Beirut. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Government signal: high export capacity boost currency value" It's an education piece...Why is the country of Iraq and the financial advisers talking...? Because the fact things are changing. They want to make the people aware that there are things happening. I believe give reassurances to why they're doing what they're doing. If you're going to have a value change...people need to have a little bit of a warning...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
We have another guy on TV talking about the WTO accession...He is saying the plan for Iraq to release a fully convertible currency is in October of this year. FRANK: The WTO guy needs to shut his mouth...You know very well what Sudani has promised you. And you know very well it's coming...It's not the WTO's prerogative to tell the world this information. The WTO is so desperate to get Iraq into the WTO so they can make money off of them...This guy is trying to spill the beans for his advantage. All I know is that it is happening.
New Inflation Data May Have Just Changed Fed's Rate Cut Plan
George Gammon: 8-13-2024
Economist’s “News and Views” Tuesday 8-13-2024
Banks Are Closing Branches Faster Than EVER!
Atlantis Report: 8-12-2024
The banking industry has changed significantly in recent years, affecting how we interact with financial institutions.
The familiar sight of bank branches in cities and suburban areas is quickly disappearing. Major banks like Wells Fargo, Bank of America, and JP Morgan Chase are closing their physical locations at an unprecedented rate.
This leaves many customers bewildered and concerned about the future of banking.
Banks Are Closing Branches Faster Than EVER!
Atlantis Report: 8-12-2024
The banking industry has changed significantly in recent years, affecting how we interact with financial institutions.
The familiar sight of bank branches in cities and suburban areas is quickly disappearing. Major banks like Wells Fargo, Bank of America, and JP Morgan Chase are closing their physical locations at an unprecedented rate.
This leaves many customers bewildered and concerned about the future of banking.
Major banks like Wells Fargo, Bank of America, and Chase have all announced significant closures. For instance, Wells Fargo recently closed 30 branches in just one week, contributing to the growing concern among customers who rely on these physical locations.
LIVE! The US ECONOMIC MELTDOWN IS WORSENING MUCH FASTER THAN WE THOUGHT.
Greg Mannarino: 8-12-2024
UK Economy Declared “Broke & Broken” As Russian Airspace Ban Hits British Airlines Hard
Sean Foo: 8-13-2024
In a shocking admission, the new Labour government itself has declared the UK is broke and broken. This shows how dire the situation is and we must understand the difficult balancing act the UK is in.
We must also talk about the Russian airspace ban and how sanctions on Russia has backfired on British airline giants.
Timestamps & Chapters:
0:00 UK Financially Broke & Broken
2:40 Britain's Big Debt Trap
5:15 Escaping Economic Stagnation
8:04 Painful Russian Airspace Ban
10:51 No BREXIT Reversal
“Tidbits From TNT” Tuesday 8-13-2024
TNT:
Tishwash: 500 electronic payment cards used to transfer money outside Iraq were seized and their holders were arrested in Baghdad
The Intelligence Agency announced the seizure of 500 electronic payment cards used to transfer money outside Iraq and the arrest of their holders in Baghdad.
The agency stated in a statement received by (Today News), that "its detachments specialized in combating organized crime in Baghdad/Karkh monitored information indicating the existence of an illegal network that transfers money outside Iraq through electronic payment cards."
TNT:
Tishwash: 500 electronic payment cards used to transfer money outside Iraq were seized and their holders were arrested in Baghdad
The Intelligence Agency announced the seizure of 500 electronic payment cards used to transfer money outside Iraq and the arrest of their holders in Baghdad.
The agency stated in a statement received by (Today News), that "its detachments specialized in combating organized crime in Baghdad/Karkh monitored information indicating the existence of an illegal network that transfers money outside Iraq through electronic payment cards."
It added, "Immediately, an intelligence team was formed and the locations of the accused were identified, where the place was raided and the accused, numbering (6), were arrested with (500) electronic payment cards in their possession that they use to transfer money outside Iraq illegally."
It indicated that "a light weapon (2 pistols and 2 rifles) and other materials used in transferring money were seized."
It continued, "This operation came after obtaining the necessary judicial approvals, and the accused were referred to the competent investigative authorities to receive their just punishment." link
Nearly 200 billion dinars in "fines" from the Central Bank of Iraq on banks and exchange companies
The Central Bank of Iraq announced on Tuesday that fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 181 billion Iraqi dinars during the past six months.
A table of the bank, which Shafaq News Agency has reviewed, showed that "the fines imposed on banks and financial companies during the past six months, starting from January until the end of last June, amounted to 181 billion, 842 million, 854 thousand, and 458 dinars," indicating that "the fines also included 151 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts, and grace periods."
The table showed that "January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, and 62 dinars, with 17 administrative penalties, while June witnessed the lowest fines, reaching 2 billion, 829 million, 157 thousand, and 288 dinars, with 30 administrative penalties."
The table did not show the names of the banks that were fined and subjected to administrative penalties.
The Iraqi Stock Exchange Investors Association had criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks. link
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Washington orders the acceleration of the arrival of one of its aircraft carriers in the Middle East
Erbil (Kurdistan 24)- US Defense Secretary Lloyd Austin has ordered the aircraft carrier USS Abraham Lincoln to "expedite its arrival" to the Middle East, the Pentagon announced on Sunday, as military escalation threatens the entire region amid the war between Israel and Hamas in the Gaza Strip.
Pentagon spokesman Pat Ryder said Austin had ordered the fleet, led by the USS Abraham Lincoln and including F-35C fighter jets, to move more quickly, in the face of the threat of a large-scale attack by the Lebanese Hezbollah, backed by Tehran, or by Iran itself against Israel.
Ryder added that Austin held a conversation with his Israeli counterpart, Yoav Galant, on Sunday, and also ordered the deployment of the missile submarine "USS Georgia" in the same area.
The two men discussed "the importance of limiting harm to civilians, making progress toward a ceasefire and releasing hostages held in Gaza," as well as deterring Iranian-backed groups from launching attacks, he said.
Tensions have risen recently after the assassination of Hamas political bureau chief Ismail Haniyeh in Tehran and Hezbollah's senior military commander Fouad Shukr in Beirut's southern suburbs.
Last week, Washington announced that it would strengthen its military presence in the Middle East by deploying more warships and fighter jets.
The aircraft carrier Abraham Lincoln is scheduled to join another US aircraft carrier in the region, the USS Theodore Roosevelt. link
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Joint Operations: We will not allow Iraq to be an arena for any international or regional conflict - Urgent
The Joint Operations Command confirmed, on Tuesday (August 13, 2024), that it will not allow Iraqi lands to become an arena for any international or regional conflict, while indicating that Iraq will not be a starting point for attacking others.
The spokesman for the command, Major General Tahseen Al-Khafaji, said in an interview with "Baghdad Today", "According to the directives of the Commander-in-Chief of the Armed Forces, Mohammed Shia Al-Sudani, Iraq cannot allow itself to be an arena for settling scores and does not accept attacks from within or from without."
He added, "The Iraqi position is clear, which is to prevent it from being used as an arena for any regional or international conflict in any way, and it will not be a starting point for attacking others."
The Iraqi arena has recently witnessed security incidents represented by the bombing of aircraft that the Popular Mobilization Authority said were American, on units in the Jurf al-Sakhar district, north of Babil Governorate, while the Ain al-Assad base in Anbar Governorate was subjected to a missile attack that resulted in injuries among the American forces stationed inside the base.
These developments come in light of the war waged by the Zionist entity against civilians in Gaza, which has been reflected in the rest of the countries that have entered the war against the entity, including Iraq, where armed factions in Iraq announce from time to time the implementation of operations targeting the entity with drones at times and missiles at other times, in addition to participating with the Houthi Ansar Allah in Yemen to carry out these operations.
The world is currently waiting for Iran to respond to the assassination of the head of the political bureau of Hamas, Ismail Haniyeh, in the heart of the capital, Tehran, but it has not yet implemented the response.
Observers expect that Iran will carry out a devastating strike targeting Tel Aviv in cooperation with the Lebanese Hezbollah, which also vowed to respond to the assassination of the leader Fouad Shukr in Lebanon. link
Mot: hhhhheeeeyyyyy ----- Macarena ~~~ https://www.youtube.com/watch?v=MMRVbhbIkjk
Mot: . Not to Fool with Mother Nature-- So I must Follow ~~~
News, Rumors and Opinions Tuesday AM 8-13-2024
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 Tues. 13 Aug. 2024 Compiled Tues. 13 Aug. 2024 12:01 am EST by Judy Byington
Global Financial Crisis: (Rumors/Opinions)
By Congress passing the Independent Treasury Act of 1920 the Political Elites turned the US Treasury with it’s US Taxpayer dollars over to a private corporation owned by the Cabal, US Inc. … (JFK Jr.) on Telegram Mon. 12 Aug. 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 Tues. 13 Aug. 2024
Compiled Tues. 13 Aug. 2024 12:01 am EST by Judy Byington
Global Financial Crisis: (Rumors/Opinions)
By Congress passing the Independent Treasury Act of 1920 the Political Elites turned the US Treasury with it’s US Taxpayer dollars over to a private corporation owned by the Cabal, US Inc. …(JFK Jr.) on Telegram Mon. 12 Aug. 2024
Did you ever hear of the Independent Treasury Act of 1920? The Independent Treasury Act of 1920 suspended the de jure (meaning “by right of legal establishment”) Treasury Department of the United States government.
Our Congress turned the US Treasury Department over to a private corporation, which when seen in its true light, is a fascist Monopolistic Cartel, the Federal Reserve and their agents.
The bulk of the ownership of the Federal Reserve System, a very well kept secret from the American Citizen, is held by these banking interests, and NONE is held by the United States Treasury:
Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Chase Manhattan Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Kuhn Locb Bank of New York
The Federal Reserve is at the root of most of our present statutory regulations, “laws”, in the control and regulation of virtually all aspects of human activity in the United States, through successively socialistic constructions laid upon the Commerce clause of the Constitution.
Basically, the Federal Reserve is the “STATE” of the United States.
Thomas Jefferson once said: “I believe that banking institutions are more dangerous to our liberties than standing armies”.
The Gold Standard is how we undo all of this corruption.
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Mon. 12 Aug. 2024 A New Beginning: The Activation of GESARA/ NESARA …Gitmo TV on Telegram
Amid chaos and uncertainty, there is a glimmer of hope in the form of GESARA NESARA. This mysterious acronym signifies a significant shift in global affairs.
It is said that the dismantling of old systems in government, education, finance, healthcare and trade is underway, promising a new era for humanity. Could this be a ray of hope in these turbulent times?
Star-Link Satellite Awaiting the Green Light: One of the most surprising claims is that the Star-Link satellite is ready to send emergency alerts to all mobile phones worldwide. These satellites are supposedly on standby, waiting to transmit signals. If true, this would be an unprecedented step in coordinating global events.
The simultaneous mass arrest of over 500,000 people, including members of the global political elite, would be a spectacle like no other.
A Black Swan Lurking – A Global Stock Market Crash: Ominous predictions of an imminent Black Swan Stock Market Crash are heightening the growing tensions. Such an event could send shockwaves around the world and lead to a global monetary transition affecting 209 countries. The impact of such a crisis is beyond imagination, and the world watches with bated breath.
Sun. 11 Aug. Bombshell!!! Martial Law Unleased …Charlie Ward & Friends on Telegram
EBS Alert’s Urgent Broadcast and How Redemption Centers Might Be Our Only Hope! | Alternative | Before It’s News
Rumors suggest that the populace might be urged to stay indoors for their safety, especially during ‘Disclosures‘, while the final arrests take place. However, a resilient and awakened citizenry, now more than ever, won’t be silenced or confined.
The Emergency Broadcast System (EBS) is on the horizon, and when it hits, it will be swift, silent, and shocking. Like a ghostly shadow, everything familiar will fade into obscurity.
The bustling stock market? Halted. The digital world you’re so intricately linked to? Gone. And trust me, when the EBS alert vibrates your cell phone, echoing the chilling announcement, you’ll know it’s begun.
These messages, sourced from the Starlink, are there to stay. Deleting them? Forget about it. They’re imprinted, lasting reminders of the changing times.
Essentials First: Stock up on clean drinking water. Ensure there’s enough food, not just for you, but for your pets too. Medicines? Get them in advance. Remember, the digital world is on a hiatus, so medical records are inaccessible.
Cash is King: In a world where digital transactions become obsolete, cash will be your savior. ATMs might be out of service, and swiping those cards at gas pumps? Dream on.
Mental Fortitude: When the shock hits, it’s vital to keep your wits about you. Before you extend your hand to others, ensure you’re mentally fortified. Some might be in a state of shock, unable to respond. In such cases, a breath of fresh air, a gentle walk, might help.
But when the switch is flipped back, expect a metamorphosis. A world pulsating with positive energy, devoid of evil’s grasp. The internet? Transformed. Banking systems? Revolutionized. This, dear readers, is the dawn of an era of transparency and abundance. A veritable paradise on Earth.
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Mon. 12 Aug. 2024: Basel III: The End! Redemption News – Currency Revaluation and Redemption in a Surveillance State! – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2024/08/13/restored-republic-via-a-gcr-update-as-of-august-13-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 All this time we've been waiting for the new exchange rate to come out. We've been waiting since the beginning of this year. Nothing. What's going on? It's scheduled. We have the budget, it's ready to go, what's going on? The problem is the thievery, those that steal. The bad politicians in the government of Iraq that steal the money through the CBI
auctions have been tamed...The US Treasury is making all the decisions now...
Breitling The key for Iraq - For them not to be dependent on the dollar. If they economy is 100% energy then they're going to be 100% dependent on the US dollar. How do they get their currency outside of that? They have to open up to doing business in completely different sectors... Then they can attach that part of the economy to the Iraqi dinar. And they can add value to the dinar as they see fit. That's always been the underlying goal of what we want Iraq to do...
Crash Not Over: 50% Haircut is Coming for the Market Warns Bubba Horwitz
Danela Cambone: 8-12-2024
"I still think there's a 50 to 60% haircut coming to the markets,” warns Todd Bubba Horwitz, founder and CEO of Bubba Trading.
In an interview with Daniela Cambone, Horwitz dives deep into the critical issues facing the U.S. economy, from the manipulation of interest rates by the Federal Reserve to the looming crisis in over-leveraged banks.
He argues that the Fed's interference is contributing to the destruction of capitalism, insisting that interest rates should be determined by the free market.
"There's a buyer and a seller, and they will find the correct rate," he asserts. As markets face potential downturns, he advises investors to focus on solid companies and to protect their wealth by investing in physical metals like gold and silver.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-13-24
Good Morning Dinar Recaps,
Kenya to introduce digital asset ETPs
Kenyan investors will soon access digital asset exchange-traded products (ETPs) on the country’s main equities exchange.
DeFi Technologies, a Canada-based company, has struck a new partnership with the Nairobi Stock Exchange (NSE) to facilitate the issuance and trading of digital asset ETPs in the East African country.
NSE signed the Memorandum of Understanding (MoU) with Valour, a subsidiary of DeFi Technologies, this week. Established in 2019, Valour offers 33 ETPs in Europe, including in Börse Frankfurt, Euronext Paris, Euronext Amsterdam, and the Nordic Growth Market.
Good Morning Dinar Recaps,
Kenya to introduce digital asset ETPs
Kenyan investors will soon access digital asset exchange-traded products (ETPs) on the country’s main equities exchange.
DeFi Technologies, a Canada-based company, has struck a new partnership with the Nairobi Stock Exchange (NSE) to facilitate the issuance and trading of digital asset ETPs in the East African country.
NSE signed the Memorandum of Understanding (MoU) with Valour, a subsidiary of DeFi Technologies, this week. Established in 2019, Valour offers 33 ETPs in Europe, including in Börse Frankfurt, Euronext Paris, Euronext Amsterdam, and the Nordic Growth Market.
The MoU, which also includes market liquidity provider SovFi, allows Valour to deploy its ETPs on the Kenyan stock exchange, develop market infrastructure for digital assets, and eventually expand to tokenizing real-world assets.
@ Newshounds News™
Source: CoinGeek
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Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules
Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.
▪️ The CFTC's notice of proposed rulemaking for prediction markets drew various comments from the public, including the crypto industry.
▪️ Crypto industry stakeholders say the rules are too broad and would constitute an overreach, considering the recent 'Chevron court decision.
Dragonfly Digital Management and Crypto.com have joined crypto exchange Coinbase (COIN) in criticizing the Commodities Futures Trading Commission's (CFTC) proposed rules on prediction markets.
Critics say that the CFTC's proposed rules broadly categorize and ban certain event contracts, including those related to gaming – with Coinbase calling the CFTC's proposed definition of gaming too ambiguous – and elections, raising concerns that this overreach exceeds statutory authority, stifles innovation, and neglects the economic benefits these contracts provide.
"Political event contracts should not be equated with gambling on games of chance like the Super Bowl. Rather, elections have significant economic implications," Dragonfly's Jessica Furr and Bryan Edelman, its counsel, wrote in a letter to CFTC.
"These contracts were designed to serve crucial risk hedging functions, aligning with the requirements of the Commodity Exchange Act (CEA), and offer valuable predictive data to the public."
Dragonfly also argues that the CFTC's proposed rule overreaches by broadly banning prediction markets without proper evaluation, especially given the Supreme Court's recent 'Chevron' decision, which limits the agency's interpretive authority without a Congressional mandate.
Crypto.com's Steve Humenik, its Special Vice President in charge of Capital Markets, argues that the CFTC's attempt to ban prediction markets violates a rulemaking process dictated by the CEA, which involves a three-step approach.
According to the CEA, the three-step process requires the CFTC to assess whether a contract involves an excluded commodity, whether it engages in specified activities, and whether it's contrary to the public interest before banning it.
"The CFTC must articulate its justification for determining that a given contract has an underlying excluded commodity. This should not be a foregone conclusion," Humenik wrote.
"We urge the CFTC not to sidestep its obligations to undergo a three-step review process with respect to these types of event contracts, and to eliminate this aspect of the Event Contracts NOPR [notice of proposed rulemaking]."
@ Newshounds News™
Source: CoinDesk
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More News, Rumors and Opinions Monday PM 8-12-2024
DJ: DID YOU KNOW?
When it comes to the GCR/RV understanding why it is essential is a good way to begin to understand it. Noting the currencies that are generally recognized as the ones that will increase in value and generate the expected windfall.
When you’re talking about Global Currency Reset it includes adjusting undervalued currency, devalued currency and overvalued currency. We’re talking ALL currencies. Some will adjust up in value but the bulk will stay the same or go down in value.
First one has to question why a country who has an undervalued currency would want to increase its value. An undervalued currency is one that is priced lower than its true market value or purchasing power parity, often due to market perceptions or government intervention, making exports cheaper and more competitive, boosting exports and reducing trade deficits.
DJ: DID YOU KNOW?
When it comes to the GCR/RV understanding why it is essential is a good way to begin to understand it. Noting the currencies that are generally recognized as the ones that will increase in value and generate the expected windfall.
When you’re talking about Global Currency Reset it includes adjusting undervalued currency, devalued currency and overvalued currency. We’re talking ALL currencies. Some will adjust up in value but the bulk will stay the same or go down in value.
First one has to question why a country who has an undervalued currency would want to increase its value. An undervalued currency is one that is priced lower than its true market value or purchasing power parity, often due to market perceptions or government intervention, making exports cheaper and more competitive, boosting exports and reducing trade deficits.
But it can also contribute to inflation making imported goods more expensive creating higher costs for consumers and businesses that rely on foreign goods.
An overvalued currency is priced higher than its market value or purchasing power parity, which can make exports more expensive and imports cheaper, potentially leading to trade deficits
A devalued currency, on the other hand, occurs when a government deliberately lowers the value of its currency relative to others, typically through official policy changes, to boost export competitiveness or reduce trade deficits. Historically these policies create overprinting of their currency.
The most direct effect of over-printing currency is hyperinflation, a condition where prices of goods and services increase uncontrollably. As the money supply expands, the value of each unit of currency decreases, leading to a loss of purchasing power
Germany (1923) The Weimar Republic experienced one of the worst hyperinflation in history. In November 1923, the German mark became almost worthless..
Zimbabwe (2009) experienced hyperinflation in the 2000s, with inflation reaching an estimated 79.6 billion percent month-on-month in November 2008.
In 1985 Bolivia faced hyperinflation by overprinting with inflation rates peaking at 24,000% annually.
Hungary (1945-1946) . After World War II, Hungary faced massive war debts and reparations. The government printed money to meet these obligations. Hyperinflation in Hungary reached unprecedented levels, with prices doubling approximately every 15 hours.
Currently the U.S. is following the same trajectory as these previous failures by overprinting the U.S. dollar. And if the bulk of transactions of currency changes is going to be in USD , it’s something to pay attention to.
The point of the GCR is to create a global monetary system, where these shenanigans, of a country’s policies, to manipulate global trade through manipulation of their currency values, will be a thing of the past.
Understand that the GCR is all about world trade. Understanding that will help you keep your focus in the right direction.
When you’re trying to hit a home run, keep your eye on the ball not the fence you’re trying to hit it over.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Referring Al-Alaq to retirement: a legal step or settling political scores?" It's been ongoing for the last few days there's been a suggestion that he was going to resign. There wasn't any meat and potatoes to that...Then they went after his age. They said he was too old. Then now there suggesting there's political scores that are doing this battle and giving bad publicity...Some people out there...made a lot of money, they're not going to any more, off those dollar auctions. They did it for a long long time.
Mnt Goat ...we read yet more articles on the banking reforms now in motion, just as I was told would take place... Yes, measures are being put in place just as my [CBI] contact told me would happen and the situation with the banks is going to be resolved, and soon
TNT:
Tishwash: It will provide 5 thousand job opportunities.. 3 central markets will soon open in Baghdad
The Ministry of Trade announced today, Monday, the imminent opening of 3 central markets in the capital, Baghdad, after their rehabilitation work reached advanced completion rates, confirming the provision of no less than 5,000 job opportunities in each central market.
The Director General of the Central Markets Company at the Ministry, Zahra Al-Kilani, said that “the construction, electrical and mechanical works in the central Al-Amel Market and Al-Salihiya Market are nearing completion, and we are awaiting the arrival of the goods that will be displayed in these markets, followed by the opening of the central Al-Shaab Market,” stressing that “work in the central markets has reached advanced stages.”
She added, "The company focused on rehabilitating the central markets in Baghdad Governorate as the capital, after which it will move to the governorates, including Nineveh, Kirkuk, Najaf, Diwaniyah, Maysan and Basra."
She explained that "the Iraqi constitution urged the open market, as well as the federal budget laws that were issued after that, which urged participation with the private sector, which is a global system, so the company concluded partnership contracts with companies specialized in the field of central market activity."
She pointed out that "the statistical studies and economic tables prepared by the company in cooperation with accredited consulting offices indicate that each market will accommodate no less than 5,000 job opportunities for young people, distributed among workers, administrators, and accountants, in addition to other jobs."
She pointed out that "there are marketing exhibitions in the governorates of Diyala, Muthanna and Karbala to sell electrical and electronic devices, and the payment method is in cash or in installments."
She noted that "the company's branch building in Babylon Governorate has been transformed into a free market, and is awaiting the issuance of a customs decision from the General Authority of Customs, so that the market can begin its work and enter commercial operation." link
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Update on Iraq's Financial Outlook in 2025
Nader: 8-12-2024
A HOUSE OF CARDS BUILT OVER A POOL OF GASOLINE.
Greg Mannarino: 8-12-2024
Seeds of Wisdom RV and Economic Updates Monday Afternoon 8-12-24
Good Afternoon Dinar Recaps,
ISO 20022 Crypto: List of Compliant Coins & Tokens in 2024
Cryptocurrency projects that are ISO 20022 compliant can seamlessly integrate into traditional financial systems and introduce blockchain immutability and data decentralization to the financial sector.
It is worth noting that not all institutions have adopted the requirements to be ISO 20022 ready yet – according to a Forbes report from earlier this year, about 72% of banks are ISO 20022 compliant. The institutions that haven’t yet taken the necessary steps to become ISO 20022 compliant will have until 2025 to do so.
It is also worth mentioning that “ISO 20022 compliant coin” could be considered a misnomer, as the coin or token itself is not compliant. Instead, what we mean when referring to a project as ISO 20022 compliant is that it leverages some of the messaging language defined by the standard to more easily communicate and exchange data between the project’s own solutions (for example, Ripple’s payment network) and external financial systems (for example, SWIFT).
Good Afternoon Dinar Recaps,
ISO 20022 Crypto: List of Compliant Coins & Tokens in 2024
Cryptocurrency projects that are ISO 20022 compliant can seamlessly integrate into traditional financial systems and introduce blockchain immutability and data decentralization to the financial sector.
It is worth noting that not all institutions have adopted the requirements to be ISO 20022 ready yet – according to a Forbes report from earlier this year, about 72% of banks are ISO 20022 compliant. The institutions that haven’t yet taken the necessary steps to become ISO 20022 compliant will have until 2025 to do so.
It is also worth mentioning that “ISO 20022 compliant coin” could be considered a misnomer, as the coin or token itself is not compliant. Instead, what we mean when referring to a project as ISO 20022 compliant is that it leverages some of the messaging language defined by the standard to more easily communicate and exchange data between the project’s own solutions (for example, Ripple’s payment network) and external financial systems (for example, SWIFT).
XRP KEY FEATURES
1. Fast and cheap cross-border payments
2. The XRP ledger can handle up to 1,500 transactions per second
3. Uses the cost and energy-efficient XRP Ledger Consensus Protocol
4. Ripple has established partnerships with numerous traditional financial institutions, including Bank of America, Santander Bank, and Intesa Sanpaolo
CARDANO ADA
1. Smart contract support
2. Rappidly expanding DeFi ecosystem
3. Specially designed proof-of-stake (PoS) consensus algorithm called Ouroboros
QUANT QNT
1. A blockchain interoperability protocol, allowing different blockchains to communicate with each other
2. It can handle a large number of transactions without sacrificing performance
3. Governed by a decentralized body of stakeholders
ALGORAND ALGO
1. Algorand can be used to send and receive payments quickly and easily
2. Can be used to create and deploy smart contracts
3. Supports decentralized applications (dApps)
4. Uses a proof-of-stake consensus mechanism, which is very energy-efficient
STELLAR XLM
1. Fast and cheap transactions
2. Uses a unique consensus mechanism called the Stellar Consensus Protocol (SCP)
3. Stellar transactions are cheaper than traditional remittance methods, such as wire transfers
4. Stellar can be used to build decentralized applications
HEDARA HBAR
1. Heder HashGraph supports smart contracts and dApps
2. Very energy efficient and suitable for high-volume applications
IOTA (MIOTA)
1. IOTA transactions do not require any fees
2. Designed to be data-oriented, meaning that it can be used to transfer data as well as value
3. IOTA is designed to be quantum-resistant, meaning that it is secure against attacks from quantum computers
4. Uses a unique consensus mechanism called the Tangle
XDC NETWORK XINFIN (XDC)
1. The XDC Network is a hybrid blockchain, meaning that it combines the benefits of both public and private blockchains
2. Can handle up to 2,000 transactions per second
3. Designed to be compliant with regulatory requirements
4. Can be used to track the movement of goods and materials through a supply chain
"ISO 20022’s primary aim is to modernize the traditional financial sector, making it easier for institutions to handle data. The standard could help cryptocurrencies integrate with the traditional sector in ways that were previously impossible."
@ Newshounds News™
Source: CoinCodex
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TEN SECOND MONEY TRANSFERS
European Council adopts regulation on instant payments:
"The instant payments regulation will allow people to transfer money within ten seconds at any time of the day, including outside business hours, not only within the same country but also to another EU member state. The regulation takes into consideration particularities of non-euro area entities."
"Payment service providers such as banks, which provide standard credit transfers in euro, will be required to offer the service of sending and receiving instant payments in euro."
"The new rules will come into force after a transition period that will be faster in the euro area and longer in the non-euro area, that needs more time to adjust."
@ Newshounds News™
Read more: Consilium
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Bitcoin price 12 Months after each halving event :
2012 HALVING - $182
12 Months later- $510
2026 HALVING- $661
12 Months later- $2,600
2020 HALVING- $8,600
12 Months later- $58,000
2024 HALVING-$63,870
12 months later- _?
Where you think Bitcoin price will be 12 months after this halving?
@ Newshounds News™
Source: Twitter
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@ Newshounds News™
Source:
~~~~~~~~~
You are here in 2024.
#XRP Tokenization of Everything
@ Newshounds News™
Source: Twitter
~~~~~~~~~
BRICS countries no longer attaching much importance to DOLLAR — Indian expert
"Sameep Shastri also underscored that he completely disagrees with the assertions that Western countries are the strongest economies in the world
NEW DELHI, August 12. /TASS/. The BRICS member states are no longer attaching much importance to the dollar and successfully using national currencies, Vice Chairman of BRICS Chamber of Commerce and Industry, Sameep Shastri, told TASS."
""I think we are going to see de-dollarization soon. We have already started our trade using rubles and rupee and yuan and rupee, our own currencies, and we do not attach much value to dollar anymore. And I think that is important for each and every country that we should not be dependent on one single currency. We should be dependent on our own currency, and we should make it strong and make our economy strong," he said."
@ Newshounds News™
Source: TASS
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Thailand launches crypto regulatory sandbox to kick-off adoption
The initiative is designed to support the testing and development of services related to digital assets,
The Securities and Exchange Commission of Thailand (SEC Thailand) has launched a Digital Asset Regulatory Sandbox.
The initiative is designed to support the testing and development of services related to digital assets, providing a structured environment where businesses can explore innovative solutions within a regulated framework.
The sandbox aims to facilitate the integration of new financial technologies while maintaining a flexible regulatory approach that addresses the specific risks associated with digital asset transactions.
The term “digital asset” is often usually broadly, but has a specific meaning in Thailand. It includes both cryptocurrencies and digital tokens. Cryptocurrencies are classified as being used as a medium of exchange. In contrast, the feature of a digital token is it grants rights.
It might be an investment token that provides rights in a project or business or a utility token used to receive goods, services or other rights. Thailand has specific rules for real estate tokens.
The sandbox covers both types of tokens and six roles:
Digital Asset Exchange
Digital Asset Broker
Digital Asset Dealer
Digital Asset Fund Manager
Digital Asset Advisor
Digital Asset Custodial Wallet Provider
In order to take part in the sandbox, applicants have to have sufficient capital and adequate management and systems in place.
@ Newshounds News™
Source: CryptoSlate, Ledger Insights
~~~~~~~~~
Japan: SBI-backed ODX to list digital bonds following release of START
Osaka Digital Exchange is set to begin listing digital bonds that meet its strict requirements of complying with Know Your Customer and anti-money laundering rules.
Barely one year after Osaka Digital Exchange (ODX) rolled out a digital securities platform for trading security tokens, several reports have emerged that the exchange is set to begin listing digital bonds.
The SBI-backed digital exchange confirmed that ODX’s START platform will host digital bonds that meet the listing criteria. Since START’s launch in late 2023, real estate security tokens have been the most common issuances on the platform, given their innate popularity in Japan.
ODX will open its doors to three digital bonds in the coming months but specifics were not disclosed to the public. The successes of digital bonds in Europe may have played a role in ODX’s decision to expand the scope of its offering, with its backers reportedly giving the nod to the move.
SBI, the largest shareholder in the exchange, has approved the decision to list digital bonds while Nomura (NASDAQ: NRSCF), SMBC, and Daiwa Securities (NASDAQ: DSECF) have also given the green light to the move.
Armed with the raft of approvals, ODX appears set to begin listing digital bonds that meet its stringent requirements. The exchange will look for bonds that are regulatory compliant and meet relevant Know Your Customer (KYC) and anti-money laundering (AML) rules.
The incoming digital bonds will be approved for secondary trading if they possess smart contract functionality to automate redemption processes and highly secure systems. Other perks to speed up the listing process include interoperability, high liquidity levels, and proper risk management.
It appears that the exchange will stick to its policy of discounting seller fees to improve adoption, but it remains unclear whether the firm will bring back zero fees for users.
“We will dedicate our best efforts to collaborate with our participants and supporters so that the secondary market “START” can contribute to the further development of the security tokens market,” ODX said in December.
@ Newshounds News™
Read more: CoinGeek
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JP Morgan Documentation on Banks’ Involvement in Blockchain acknowledges Ripple’s potential to disrupt cross border payments GLOBALLY.
Major nod to Ripple from the worlds largest bank.
But more importantly, note the text at the bottom of the document.
“This document is being provided for the EXCLUSIVE USE of Mihail Turlakov at Sberbank of Russia”
Exclusive use.🧩
This document was crafted specifically to present relevant initiatives in blockchain to the largest Commercial bank in Russia while citing Ripple as a prominent example.
Russia + JP Morgan + Ripple
Plans on Plans
@ Newshounds News™
Source: Twitter
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Epic Economist: This is What the Final Stages of a Bubble Economy Looks Like Just Before a Collapse
Epic Economist: This is What the Final Stages of a Bubble Economy Looks Like Just Before a Collapse
Monday, 12 August 2024, 1:08 AM
As we navigate the complex landscape of our economy today, it feels like we are precariously perched on the edge of a giant bubble ready to burst. The sensation is akin to standing on the precipice of a high cliff, where the view is breathtaking yet terrifying.
Ever since the Great Recession crashed down upon us, our leaders have resorted to extreme measures never before witnessed in modern economic history. The cumulative impact of these actions casts long shadows on our financial future, leaving us to wonder: how long can this bubble hold?
Epic Economist: This is What the Final Stages of a Bubble Economy Looks Like Just Before a Collapse
Monday, 12 August 2024, 1:08 AM
As we navigate the complex landscape of our economy today, it feels like we are precariously perched on the edge of a giant bubble ready to burst. The sensation is akin to standing on the precipice of a high cliff, where the view is breathtaking yet terrifying.
Ever since the Great Recession crashed down upon us, our leaders have resorted to extreme measures never before witnessed in modern economic history. The cumulative impact of these actions casts long shadows on our financial future, leaving us to wonder: how long can this bubble hold?
In the years following the Great Recession, the Federal Reserve embarked on a bold policy of quantitative easing, effectively creating trillions of dollars out of thin air to inject liquidity into the financial system. While designed to stave off a more profound crisis, this widespread injection of capital has consequences that reverberate through the economy. Initially, it seemed like a necessary remedy; stock markets soared, and optimism flourished. However, there’s an underlying tension that accompanies that rise—an awareness that such hyperinflation of currency cannot last indefinitely.
As individuals, we feel this dissonance in various ways. On one hand, we celebrate record-low unemployment rates and much-needed support for struggling households; on the other, alarming signals emerge from the depths of the financial system. The feeling is like riding a roller coaster: exhilarating yet unnerving, as we rise higher and higher, the anticipation of a steep plunge lurking just around the corner.
Compounding our economic anxiety is the sheer scale of our national debt, which has surged to a staggering $35 trillion and continues to climb at an alarming pace. This debt—larger than the economies of many nations—stands as a testament to our governing bodies’ willingness to incur liabilities with seemingly little regard for future implications.
Politicians in Washington appear locked in a cycle of spending, often prioritizing short-term gains over long-term stability. As they crawl into increasingly uncharted territories of fiscal policy, there exists a genuine fear within us: what happens when the weight of this debt becomes untenable? What will the burden of repayment mean for future generations? The anxiety of living at the edge of a bubble is exacerbated by the constant hum of pessimism about potential inflation, interest rate hikes, or worse, another financial collapse.
Beyond spreadsheets and stock prices, we must not forget the human element of these financial machinations. The everyday worker, the small business owner, the college graduate forging a path through adulthood—these individuals feel the weight of economic uncertainty most acutely. As wages stagnate and living costs rise, we find ourselves caught in a cycle of disappointment and disillusionment. The optimistic images projected by the media often clash with our lived realities where the prospect of homeownership becomes less attainable, and aspirations are shelved for more immediate needs.
In this environment, we become both wary and resilient. We adapt, find creative solutions to our challenges, and hold tight onto hope, even as we stand teetering at the brink of unpredictability. The social fabric stretches thin, yet pockets of community resilience emerge, offering solace amid chaos.
So, how does it feel to live on the edge of a bubble? It feels like a rushing river of uncertainty where the future is unknown and precarious. It’s a place where we balance hope for economic recovery against the looming fears of another collapse. As we look forward to what policymakers will do next—whether it’s dialing back fiscal aggression or making more radical choices—we can only brace ourselves for the consequences that lie ahead.
The bubble may one day burst, leaving us to reckon with the fallout. The feeling of living in this moment is one of shared anxiety, yes, but it’s also an opportunity to prepare for what comes next. As we reflect on the lessons from the past, we must advocate for a more sustainable future, where radical solutions don’t come at the expense of economic stability. Only then can we hope to find a balance that helps maintain our footing on this unstable ground.
Watch the video from Epic Economist for more information.
“Tidbits From TNT” Monday 8-12-2024
TNT:
Tishwash: Government Advisor: Increased Export Capacity Boosts Currency Value
The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Saleh, stated that the global currency rates are determined in two main ways: floating and fixed prices, indicating that there are many local and international factors that control the strength of the currency, such as supply and demand, interest rates, inflation, growth in the local economy, trade balance, and others.
While he pointed out that the strength of the national currency is linked to its external value, specifically the exchange rate, as the external value of money is directly linked to the stability of the current account of the balance of payments,
TNT:
Tishwash: Government Advisor: Increased Export Capacity Boosts Currency Value
The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Saleh, stated that the global currency rates are determined in two main ways: floating and fixed prices, indicating that there are many local and international factors that control the strength of the currency, such as supply and demand, interest rates, inflation, growth in the local economy, trade balance, and others.
While he pointed out that the strength of the national currency is linked to its external value, specifically the exchange rate, as the external value of money is directly linked to the stability of the current account of the balance of payments, especially in the long term.
Saleh said in an interview with “Al-Sabah” followed by “Al-Eqtisad News”, that “the stability of the external value of the currency requires a balance or surplus in the current account of the balance of payments relative to the gross domestic product, which should indicate a stable state at a minimum of no less than 4 percent annually, and that achieving this goal certainly depends on a sustainable increase in the annual growth rate of the gross domestic product, and exports exceeding imports within the country’s trade balance.”
Dr. Saleh pointed out that if “the country has the capacity to export goods and services more than it imports, this enhances the value of the national currency, especially the external value of the currency itself, and here the economy indicates a positive state, in addition to the availability of supporting foreign reserves that represent the main buffer against potential external factors and their effects on the overall economic situation.”
The government advisor also explained that “foreign reserves express the ability to maintain the stability of the external value of money, i.e. the stability of the exchange rate, including the strength of the commercial efficiency of reserves, which should cover the money supply in the broad sense, and more than 75 percent of that supply, noting at the same time that high sovereign and private debts can weaken the business, unless there is good financial management of debts that always leads to strengthening confidence in the national currency.”
Saleh pointed out that “the other aspect that is linked to the value and stability of the currency is the internal value of the national currency. Just as we talk about the stability of the external value of the currency, i.e. the exchange rate and its exchange power with other currencies, the internal value of the currency is the other aspect of the stability and strength of the currency. Here, the value of the national currency is directly linked to the general level of prices, i.e. the inflation index.” He explained, “If the general level of prices means the strength of goods and services expressed in money, then there is a correlation between price stability and the value of the national currency itself. This requires the availability of a wise monetary policy undertaken by central banks that makes the growth in the money supply commensurate with the growth in the gross domestic product or national income.”
The speaker noted that “the quantity theory of money is based on the principle of the neutrality of money, which holds that the cause of inflation in the long run is money itself, as growth in the money supply that is not proportional to growth in the gross domestic product leads to either inflation or contraction in the growth of the general price level. Therefore, the effect of money on the overall economy, as addressed by the quantity theory of money, means that if the amount of money in the economy increases, and there is no parallel increase in economic output, this will lead to an increase in the general price level.” link
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Tishwash: Due to financial violations, a representative demands that Sudanese terminate the assignment of governor of the Central Bank
Today, Monday, member of the Parliamentary Integrity Committee, Hadi Al-Salami, called on the Prime Minister to end the assignment of the Governor of the Central Bank, Ali Al-Alaq, stressing that he will direct oral questions to the Governor of the Central Bank.
He told Al-Maalouma Agency, “There are parliamentary demands to end the assignment of the Central Bank Governor due to his failure to control the official dollar exchange rate and the parallel price.”
He added, "There are many observations on the performance of the Central Bank Governor, in addition to his reaching the legal age, indicating that he directed questions to the Central Bank Governor and is waiting for a date to be set by the Presidency of the House of Representatives to host him inside the House of Representatives.”
He stressed that “the reason for the hosting request is the presence of a major defect in the bank’s work and the existence of financial violations estimated at approximately $120 million per month.” link
************
Tishwash: Signing a cooperation protocol between the Iraqi and Egyptian stock exchanges...aims at this matter
Today, Monday, the Chairman of the Board of Governors of the Iraq Stock Exchange, Thaer Adnan Hashem, signed a cooperation protocol to enhance joint work with the Egyptian Stock Exchange management.
The media office of the Iraq Stock Exchange stated in a statement received by "Al-Eqtisad News" that "the Chairman of the Board of Directors of the Egyptian Stock Exchange, Ahmed Al-Sheikh, signed a cooperation protocol between the stock exchanges of the two countries with Thaer Adnan Hashem, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), in the presence of Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, and Hiba Al-Sayrafi, Vice Chairman of the Egyptian Stock Exchange."
He added that "the protocol aims to strengthen cooperation ties and raise the level of coordination between the two parties, increase prospects for joint work and exchange of expertise and information in all aspects of investment and develop existing legislative procedures for both parties, in addition to working to increase investment awareness and attract mutual investments between the two countries and direct savings towards investment in securities, as well as support the transition to the digital economy to increase the competitive capabilities of both stock exchanges."
In turn, the Chairman of the Egyptian Stock Exchange, Ahmed El Sheikh, confirmed that "the protocol aims to develop joint cooperation between the two parties and exchange expertise and information regarding updating legislation, regulations, procedures, work programs and methodologies related to trading in securities, as well as exchanging periodic and annual bulletins issued by both stock exchanges, as well as exchanging periodic information related to companies registered and traded in the two markets."
He added: "We are working to provide the basic information that investors in both countries need to increase mutual investments in the two stock markets."
He pointed out that "the two parties will discuss mechanisms to support and diversify the financial products available to investors and increase liquidity in both markets," stressing that "the two parties will work to encourage capacity building and training between brokerage firms and companies listed on the two stock exchanges in a way that serves the achievement of the goals of spreading awareness and exchanging expertise."
He explained that "signing this protocol comes within the framework of implementing Article (58) of the Egyptian Stock Exchange's development strategy, which falls under the sixth axis related to "promoting and spreading financial culture, training and international relations."
In this context, Faisal Al-Haimus, Chairman of the Iraqi Securities Commission, stressed that “signing this protocol represents a vital step towards deepening cooperation between the stock markets in Iraq and Egypt, which reflects our common keenness to strengthen economic relations between the two countries,” noting that “this agreement does not only aim to exchange expertise and information, but also seeks to develop the infrastructure of the financial markets in both countries by adopting the latest technologies and applying the best international practices.”
Al-Haimas added: “We realize that financial markets represent the cornerstone of developing the national economy, and therefore strengthening the partnership between the two markets will directly contribute to achieving sustainable economic growth and attracting foreign investments. We also believe that this protocol will open new horizons for cooperation in various fields, such as financial innovation and the development of new financial products, which will help enhance the competitiveness of both markets.”
Al-Haimas stressed the “commitment of the Securities Commission to provide full support for the success of this cooperation, noting that the Commission will work to provide the appropriate regulatory environment to implement the provisions of the protocol effectively,” expressing his “confidence that this cooperation will enhance the efficiency of the two markets, and increase levels of transparency and disclosure, which will enhance investor confidence and contribute to achieving the goals of joint economic development.”
For his part, Thaer Adnan Hashim, Chairman of the Board of Governors of the Iraq Stock Exchange (Iraqi Stock Exchange), stated: “The signing of this protocol, which was sponsored by the Chairman of the Securities Commission / Faisal Al-Haims, is an important step towards enhancing joint cooperation between Iraq and Egypt in the field of securities markets, as this agreement aims to exchange expertise and information between the two markets, especially with regard to updating the legislation, regulations and procedures related to securities trading.”
He explained that "this protocol is an opportunity to develop the infrastructure of financial markets, increase investment awareness, and attract mutual investments between the two countries. We will also work to support the transition to the digital economy, enhance the competitive capabilities of both stock exchanges, and encourage capacity building and training between brokerage firms and listed companies." link
Mot: ..... Just Wondering ~~~~
Mot . Reality Hitting Home!!! – siiggghhhhh Pickles not doing chores
News, Rumors and Opinions Monday AM 8-12-2024
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 Mon. 12 Aug. 2024
Compiled Mon. 12 Aug. 2024 12:01 am EST by Judy Byington
Sun. 11 Aug. 2024 Martial Law Unleased: EBS Alert and How Redemption Centers might be our only hope, Mr. Pool on Telegram
The Emergency Broadcast System (EBS) is on the horizon, and when it hits, it will be swift, silent, and shocking. Like a ghostly shadow, everything familiar will fade into obscurity. Just like the eerie silence of 2020, we’ll be asked to remain rooted, perhaps for days, maybe weeks.
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 Mon. 12 Aug. 2024
Compiled Mon. 12 Aug. 2024 12:01 am EST by Judy Byington
Sun. 11 Aug. 2024 Martial Law Unleased: EBS Alert and How Redemption Centers might be our only hope, Mr. Pool on Telegram
The Emergency Broadcast System (EBS) is on the horizon, and when it hits, it will be swift, silent, and shocking. Like a ghostly shadow, everything familiar will fade into obscurity. Just like the eerie silence of 2020, we’ll be asked to remain rooted, perhaps for days, maybe weeks.
There’s chatter about the Military potentially overseeing the nation until fresh elections are held, precisely 120 days post the Gesara announcement. The focus should shift towards electing individuals with business acumen, particularly those who can rejuvenate local businesses, and more importantly, food-growing enterprises.
The bustling stock market? Halted. The digital world you’re so intricately linked to? Gone. And trust me, when the EBS alert vibrates your cell phone, echoing the chilling announcement, you’ll know it’s begun.
These messages, sourced from the Starlink, are there to stay. Deleting them? Forget about it. They’re imprinted, lasting reminders of the changing times.
Essentials First: Stock up on clean drinking water. Ensure there’s enough food, not just for you, but for your pets too. Medicines? Get them in advance. Remember, the digital world is on a hiatus, so medical records are inaccessible.
Cash is King: In a world where digital transactions become obsolete, cash will be your savior. ATMs might be out of service, and swiping those cards at gas pumps? Dream on.
Mental Fortitude: When the shock hits, it’s vital to keep your wits about you. Before you extend your hand to others, ensure you’re mentally fortified. Some might be in a state of shock, unable to respond. In such cases, a breath of fresh air, a gentle walk, might help.
Your TV, phone, and internet will spring back to life, unveiling a spectacle titled ‘Disclosures’. Rumor has it, it might even grace the big screens. But this isn’t your typical Netflix binge. It’s a 24/7, 8-hour block broadcast, lasting anywhere between 3 to 10 days.
But when the switch is flipped back, expect a metamorphosis. A world pulsating with positive energy, devoid of evil’s grasp. The internet? Transformed. Banking systems? Revolutionized. This, dear readers, is the dawn of an era of transparency and abundance. A veritable paradise on Earth.
~~~~~~~~~~~~
Global Financial Crisis:
Sun. 11 Aug. 2024 $2,460,000,000 worth of Bitcoin & Ethereum options expire today.
Sun. 11 Aug. 2024 Buffet Sold Stake in Apple: https://search.yahoo.com/search?p=Warren+Buffet+Sold+1%2F2+Stake+in+Apple&fr=iphone&.tsrc=apple
Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation (FDIC).
U.S. Banks Facing $517 Billion of Unrealized Losses.
Read full post here: https://dinarchronicles.com/2024/08/12/restored-republic-via-a-gcr-update-as-of-august-12-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Dr. Jan Halper-Hayes I still get a lot of questions from people: When is something going to happen? Why is it moving along so slowly? Murphy's law said anything that can go wrong, will. That's life. We do need the financial reval to happen. There were documents that were going to go into law, went to a committee in Iraq and some people decided to change some things. When it got back to the final decision making group they identified these things were snuck in. They sent the process back to the start. That's life, that happens...When Iraq gets their act together they get to be back on the financial markets and their currency can trade.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: K2 company is studying risk management on things of our banks and they are giving away information on dropping the zeros. FRANK: K2 is a very good insurance company. The fact they are talking about the lifting of the three zeros for the reinstatement, that's timing...It is an insurance company for banks. Why would they be talking about the process of lifting the three zeros? That's pretty obvious.
Japan Just Sold 75% Of It's US Treasury & SHOCKS The World!
Tech Beat: 8-11-2024
In this video, we look at Japan's startling and unprecedented move to sell off 75% of its US Treasury holdings, which sent shockwaves through global financial markets.
This decision represents a dramatic shift in Japan's economic strategy, with potentially far-reaching effects for both the United States and the world economy.
We investigate the reasons for this rapid sell-off, examining the possible factors that prompted Japan to cut its exposure to US debt.
Could it be a reaction to rising interest rates, fears about the stability of the US currency, or a strategic reallocation of Japan's foreign reserves?
We examine the fundamental elements motivating this decision and what it means for the future of US-Japan ties.
Furthermore, we investigate the global implications of Japan's actions, namely how this move may affect other key holders of US debt and the broader financial markets.
What does this signify for the US Treasury market, and might it cause a domino effect in other countries? Join us as we examine these crucial concerns and make predictions for what lies ahead in this quickly changing economic world.
Seeds of Wisdom RV and Economic Updates Monday Morning 8-12-24
Good Morning Dinar Recaps,
Putin signs law allowing FOREIGN BANKS to OPEN BRANCHES in Russia
"Russian President Vladimir Putin signed a law that allows foreign banks to open branches in Russia but also provides for a number of restrictions on their activities. The document was published on the official portal of legal information."
"The goal is to create conditions for the development of a system of international settlements and attracting foreign investment, the explanatory note says."
"The work of branches of foreign banks will be aimed precisely at this. That is why they will not be able, like ordinary banks, to open deposits for individuals and companies, accounts in precious metals, engage in trust management of money and other property."
Good Morning Dinar Recaps,
Putin signs law allowing FOREIGN BANKS to OPEN BRANCHES in Russia
"Russian President Vladimir Putin signed a law that allows foreign banks to open branches in Russia but also provides for a number of restrictions on their activities. The document was published on the official portal of legal information."
"The goal is to create conditions for the development of a system of international settlements and attracting foreign investment, the explanatory note says."
"The work of branches of foreign banks will be aimed precisely at this. That is why they will not be able, like ordinary banks, to open deposits for individuals and companies, accounts in precious metals, engage in trust management of money and other property."
"Foreign banks will have the right to work in the securities market through a branch created in Russia. Each bank will be allowed to establish only one branch. The law also provides for setting requirements for the qualifications and business reputation of the banks’ officials."
"The law will come into force on September 1, 2024."
@ Newshounds News™
Source: TASS
~~~~~~~~~
How to Protect Your Cryptocurrency Holdings
THIS ARTICLE IS FOR THOSE WHO MAY BE INTERESTED IN STORING THEIR DIGITAL CURRENCY IN AN OFFLINE WALLET
"The first step to protect your cryptocurrency is picking the right wallet type. Wallets are divided into various categories like hardware wallets, software wallets, and paper wallets. "
Hardware wallets which can be put on USB devices offer robust security as they store private keys offline where possible online dangers cannot access them.
Software wallets can be used for handling keys and carrying out transactions, as they are simple to use in desktop or mobile applications. But, they do not offer very high security because they can be influenced by malware or hacking.
Paper Wallets are created by printing private keys and public addresses on physical paper, which gives a physical dimension to the concept of safety. Every wallet type has advantages and restrictions, so choose one that matches your security needs and how frequently you use it.
1. Use powerful passwords that are unique to the wallet and any associated accounts.
2. Avoid using simple passwords or ones that have been used before on other accounts.
3. Use two-factor authentication (2FA) as a second layer of security, which will ask for a different verification like a code sent to your mobile.
4. Always make sure that you are updated with the latest updates on your software and wallet firmware – this is important so as to have all security fixes in place and safeguard against any known vulnerabilities.
5. When linking up with your wallet from public or unsecured networks, do it cautiously as this could let potential threats get access into contact with the stored assets within it.
Backing Up Your Wallet
Nearly all wallets include a backup feature that provides you with a recovery phrase, often called a seed phrase. It’s basically a list of words which can be utilized to restore your wallet if anything happens to it. Ensure you keep this recovery phrase somewhere safe. Having several copies stored in different locations
"By choosing the right type of wallet, using strong safety methods, backing up your wallet, and taking additional security steps; you can greatly reduce the risk of losing digital assets.
If you do these careful actions, then it is certain that your cryptocurrency will remain safe but also simple to access. This allows for confident management and improvement of investments. "
@ Newshounds News™
Source: CryptoTimes
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Ripple XRPL and Dubai
"Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in the city established as a financial hub for businesses operating throughout the Middle East, Africa, and South Asia."
" Speaking on the matter was Ripple’s CEO – Brad Garlinghouse – who described the UAE as “one of the most advanced jurisdictions globally” when it comes to offering regulatory clarity for licensed companies to offer crypto services.
“Our partnership with the DIFC Innovation Hub promises to drive the adoption of blockchain technology in the region as the XRPL continues to be a leading blockchain for the region’s start-ups and scaleups building real use cases,” he added.
"Arif Amiri – CEO of the DIFC – highlighted the deal with Ripple as a “significant milestone” that “further cements DIFC’s role as a leading global hub for talent, tech, and innovation.”
"It is interesting to note that Ripple’s Middle East and Africa (MEA) regional office is located within the Dubai International Financial Center.
Less than a year ago, the zone approved XRP for use, meaning licensed crypto firms operating within can incorporate the token into their services. "
@ Newshounds News™
Source: CryptoPotato
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Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands
THIS ARTICLE REVEALS HOW VULNERABLE DIGITAL ASSETS CAN BE IF A ROGUE GOVERNMENT BEGINS TO RESTRICT ACCESS TO YOUR CRYPTO EXCHANGE.
THIS RE-ESTABLISHES THE NEED FOR SOLID LAWS AND REGULATIONS TO PROTECT THE PUBLIC
"Venezuelan Government Cuts Access to Binance Users Connecting Through State-Owned ISP"
"The censorship actions of the Venezuelan government have reached the cryptocurrency sector. According to local media, state-owned telecom and internet service provider (ISP) CANTV has blocked access to Binance, the world’s largest cryptocurrency exchange."
"CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world.
The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as a savings tool."
@ Newshounds News™
Source: Bitcoin
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