Economist’s “News ad Views” Saturday 8-17-2024

Rafi Farber: 1970s Are Repeating, and That Is Good News for Gold

Arcadia Economics:  8-16-2024

Despite the rise to $2,500 an ounce, gold is still below where it was in 1971 in terms of percentage of assets on the Federal Reserve's balance sheet.

Back on August 15, 1971 - exactly 53 years ago yesterday - gold made up 12% of Fed assets.

Today, even at $2,500, it makes up less than 9%.

By those metrics, we are lower now at $2,500 than we were at $35 in 1971. From that point, gold rose by a factor of 24x to the 1980 top.

A repeat of that move brings us to a top of about $60,000 per ounce. That rally also ended with a 15:1 gold to silver ratio. That brings us to $4,000 per silver ounce in a full blown monetary panic.

This is not a prediction. It's just simple math, and if we do have a repeat of the 1970s, that it where the math leads. To learn more, click the button to watch the video now!

https://www.youtube.com/watch?v=IPvNlTzKL0Y

The 'Biggest Black Swan' That 'Scares' Rick Rule

David Lin:   8-17-2024

Rick Rule, Rick Rule, Founder of Rule Media, and co-founder of Battle Bank, answers viewer questions, including whether or not the economy is heading into a "global depression", outlook for commodities, and how he picks mining stocks.

0:00 - Intro

1:00 - Are we in a recession?

3:30 - Copper

6:35 - Rising debt

12:20 - Building prosperity

15:00 - Inflation

17:50 - Market sentiment

21:26 - Liquidity concerns

24:33 - Mining stocks

30:15 – Mining M&A

 34:00 - Commodities and AI

38:00 - Copper deficits

40:30 - Rick's stock picking strategy

https://www.youtube.com/watch?v=I2EA1SFNyHc

Dollar Liquidity Flooding Ahead, Sovereign Debt Crisis Looms - How to Monetize Chaos: Jack Mallers

Kitco News:  8-17-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Jack Mallers, CEO and Founder of Strike, who warns that markets will be flooded with dollar liquidity “in a major way” before the year-end.

Mallers discusses the state of the U.S. economy, the Federal Reserve’s next moves, and implications for the equity markets and Bitcoin.

 He explains how the U.S. government deals with its debt trap, stating that the only way out is by debasing the U.S. dollar, printing more money, and creating massive asset bubbles.

 Mallers weighs in on how to “monetize” this chaos. He shares his thoughts on Bitcoin as a reserve asset, giving his latest Bitcoin price outlook for the short and longer term.

Mallers also explores the potential for Bitcoin as both a store of value and a medium of exchange, along with its role in the global financial system.

https://www.youtube.com/watch?v=IV2dVE6S2yM

News, Rumors and Opinions Saturday AM 8-17-2024

Note From Dinar Recaps:

We were just notified that a long time intel provider for many years has passed away. 

AngelQuest was a newshound at KTFA and posted at several other sites for many years.

RIP Darline. Prayers and condolences to all of your friends and family.

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. 17 Aug. 2024

Compiled Sat. 17 Aug. 2024 12:01 am EST by Judy Byington

Judy Note: Trump recently warned of an unprecedented collapse of the US and World financial markets, “It will be a Blow Up like you’ve never seen before, a Bankruptcy of the entire system, perhaps the Nation”

Fri. 16 Aug. 2024 Will Barney, former Banker: “We are undergoing a massive transition in the World and the financial system is about to collapse. Chase Bank has lost two billion in deposits. It’s a Banking Apocalypse. The Military is on heavy movement throughout the US. There are internet outages where people are being taking into custody and the Military wants to stop communication. There are tests of the EBS system. Germany is on the edge of a big financial collapse. All credit could freeze up. The RV will likely be during the EBS. Train derailments are continuing. The Deep State is moving cargo they shouldn’t be and the Cabal is deliberately spilling chemicals into the ground water to create chaos.”

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Global Currency Reset: (Rumors)

Judy Note: What we think we know as of Sat. 17 Aug. 2024:

Fri. 16 Aug. 2024 TNT Tony: “The system is live and working. People high up exchanged yesterday Thurs. 15 Aug. and today Fri. 16 Aug. The system is working. We are hours maybe a day away – tonight or tomorrow morning Sat. 17 Aug. emails could come out. Iraq has officially RV’d with a Rate of $3.19, Contract Rate $28.50. It would happen after Banks close tomorrow Sat. 17 Aug. Tier4b (us, the Internet Group) will be notified Mon. 19 Aug. with exchanges beginning Tues. 20 Aug.”

Fri. 16 Aug. 2024 MarkZ: Mark was hearing the process was underway.  More bond contacts continuing to anticipate payments through the weekend. One large group in Reno is expectant but hasn’t started yet. Redemption Centers on standby. Mark suggested things could very well start this weekend but don’t be disappointed if it takes an extra day or two.

Thurs. 15 Aug. 2024 Bruce: “The USN will be on the Forex Sun. night 18 Aug. and will be seen on bank screens Mon. morning 19 Aug. Tier4b(us, the Internet Group) should get notified sometime by Tues. 20 Aug. 2024.Tier 4b exchange/redemption appointments should start by Wed. 21 2024.”

Fri. 16 Aug. 2024 Wolverine: “Exciting things have happened, but I’m not allowed to say what. People are expecting something Sun. night 18 Aug. Just to let you know guys is to get ready. I’m sorry that I can’t say anything as everyone is under total NDA now and soon I will be as well. That opera will be release any day now.

Thank you for all the support you have all given me as this is one of the most hardest things that I have done in my life as it has control our way of life for years and played with our emotions. We have seen so many of our compatriots that did not make it and thankfully their family will cross the finish line for them.

During this journey I never thought that I was going to be attacked viciously and even to this day the attacks are still continuing. I know within my heart that I’m doing God’s work and that too many of you are suffering and you need hope and a messenger to know what is going on. As soon as I’m under NDA you won’t hear from me anymore but my job has been completed and I can leave with good conscience that I have done everything possible to help you.

 The opera will be release once I receive the green light. Don’t forget the Get Together in February 2025 here in Sydney as we are planning to have the biggest party that Sydney has ever held with all these patriots coming from so many countries. Remember that it’s going to be a gala night and so wear your best clothes everyone. I’ll let you all know the day and the address of the Get Together. Love you all. Your friend Wolverine.”

Thurs. 15 Aug. 2024 Farm Claims liquidity, Ginger’s Liberty Lounge: Reports regarding Farm Claims settlements being paid are accurate; and this is a very nice item which we can happily check off our “non negotiable list”. I was unable to share the exact details from my own confirmed contact, so I am sharing this other news passed along from someone else. 8.14.24. Lamb: “I just got off the phone with a friend of mine, she told me that her friend that had registered with the farm claim packages … He woke up to $500,000 in their bank account with no explanation, no nothing, he showed her the bank statement and knows this other person had “no pot to piss in” before (per se). So the statement about farm claims being paid is 100%.”

Fri. 16 Aug. 2024 RV Highlights: Nesara will be announced first. This way the PUBLIC (everyone) will receive financial relief from debts. The RV will also be released QUIETLY for T4b for us to revalue.  Once 4b is done or nearly done, then the public will commence on their exchange.  The purpose of the NDA is to keep T4b mouths shut (or their funds will be clawed back) regarding the amount of rates being paid out because the PUBLIC will NOT be receiving the same high rates. This is to keep the PUBLIC for being upset and causing backlash. 

Read full post here:  https://dinarchronicles.com/2024/08/17/restored-republic-via-a-gcr-update-as-of-august-17-2024/

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

Buckeyetree  Talking about new currency, lower notes, signifies to Iraqis that a rate change is coming with purchasing power, being able to buy more with less, the opposite of inflation.  Alak and Sudani are holding back the lower notes till they can give them the new rate.  The Iraqis win, and we win because a rate change is coming which requires new notes.

Nader From The Mid East   [Iraq former government/UN employee friend Imad from Basra update]  Question:  "Have they come out with the new notes in Iraq?"   No.  They working on it.

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Fiat Money FAILING, Gold HITS All-Time Highs (2024)

The Market Sniper:  8-17-2024

https://www.youtube.com/watch?v=zyPy3yfIxqs

Seeds of Wisdom RV and Economic Updates Friday Afternoon 8-16-24

Good Afternoon Dinar Recaps,

U.S. Crypto Bill Can Happen This Year, Senate's Schumer Tells Crypto Backers of Harris

At the opening Crypto4Harris event, industry supporters of the Democratic presidential candidate suggested Harris will lead a crypto surge, though she hasn't yet shared her view.“something passed out of the Senate.”

▪️U.S. Senate Majority Leader Chuck Schumer came out guns-blazing during a Crypto4Harris event, saying what's been considered a longshot idea of getting some kind of crypto legislation out this year could really happen.

▪️Billionaire Mark Cuban said former President Donald Trump and his party are primarily interested in crypto to make rich digital assets investors richer.

Sens. Debbie Stabenow and Kirsten Gillibrand joined nearly a dozen other Democratic lawmakers, as well as industry titans like Mark Cuban and Anthony Scaramucci, in a virtual event to garner crypto support for Vice President Kamala Harris's presidential bid.

U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer (D-N,Y,) said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender.

@ Newshounds News™

Read more: CoinDesk

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Stablecoins Can Make the World a Safer Place. Regulators Should Encourage Them  - OPINION

The global financial system will be better off if stablecoins are fully adopted and foreign exchange risk goes the way of the dinosaurs, says Christopher Perkins, president of CoinFund.

In 1974, German regulators liquidated Herstatt Bank because it was unable to settle its foreign exchange obligations. Time zone differences and a lack of global settlement technology led to its demise. 

In the aftermath of this and other bank failures, central bankers formed the Basel Committee on Banking Supervision that same year to set standards for bank capital, liquidity and funding.

Fifty years later, “Herstatt” risk is synonymous with foreign exchange settlement risk, and the Basel Committee has become a powerful forum for global bank supervision because of the regulatory capital standards it sets. Its Basel Rules are designed to ensure that banks are sufficiently capitalized based on the underlying risks of their activities.

However, across the $7.5 trillion a day global foreign exchange markets, Herstatt risk remains. While the financial services industry has sought to modernize its infrastructure, many currencies still take as long as two days to settle. 

And across the $700 trillion derivatives market, lumbering daily batch settlement processes fail to keep pace with the real time volatility of the markets that they seek to collateralize.

But breakthroughs in technology have the potential to banish settlement risk to a thing of the past. There’s a crucial role for blockchain technology to play. Stablecoins, tokens designed to be pegged to an underlying currency and settled on blockchains, can now reduce currency settlement latency from days to a matter of seconds.

The global financial system will be better off if stablecoins are fully adopted and Herstatt risk goes the way of the dinosaurs

Stablecoins, a form of cryptocurrency, are not without risk. Unregulated stablecoins have “de-pegged” in the past because of design flaws or the failure of traditional banks that held their fiat reserves.  

But, strong policies and thoughtful regulations that require transparency and minimum reserve asset standards mitigate these risks. Bank insolvency risk — an issue stemming from traditional, not cryptocurrency markets — can be reduced through more effective capital standards, diversification or policies that allow for the bankruptcy remoteness of stablecoin reserves. or policies that allow for the bankruptcy remoteness of stablecoin reserves.

Properly regulated and backed by quality reserves, stablecoins — with their instant and simultaneous settlement on blockchains — reduce counterparty risk because obligations are satisfied immediately. 

From payments to collateral to foreign exchange markets, this undoubtedly improves the safety and soundness of the global financial system. Clearly, today’s foreign-exchange settlement system is in dire need of a technology overhaul, and regulations should incentivize the adoption of technologies, like stablecoins, that mitigate risk.

Last month, the Basel Committee published a framework describing how stablecoins can achieve “preferential” capital treatment. But, to the Basel Committee, this means that projects achieving these standards will simply receive the same capital treatment as the underlying fiat currency tokenized by the stablecoin.

The banking sector and the global financial system will be better off if stablecoins, settled over blockchains, are fully adopted and Herstatt risk goes the way of the dinosaurs. It’s time for regulators to actually incentivize their use.

@ Newshounds News™

Read more:  Coin Desk,  BIS

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INTERVIEW WITH BOB LOCK on his new book, " MANAGING SUDDEN WEALTH THROUGH SMART TEAM BUILDING A Guide For The Post-RV World  ".  

Listen on Youtube Currency Facts

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NEWS BRIEFS from the NEWSHOUNDS

▪️Donald Trump Holds Over $1M in Ether, Also Receives NFT Licensing Fees  |  CoinDesk 

▪️Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time  |  CoinDesk

▪️Dubai court recognizes crypto as a valid salary payment  |  CoinTelegraph 

▪️Coinbase, KuCoin join list of crypto exchanges seeking licenses in Turkey | Crypto . News

~~~~~~~~~

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Thank you Dinar Recaps

159 Countries Set to Adopt BRICS New Payment System

159 Countries Set to Adopt BRICS New Payment System

Joshua Ramos   August 16, 2024

Amid the alliance’s continued efforts to create a SWIFT alternative, the economic alliance has sought to create its very own BRICS payment system. It will play a major role in the alliance trade dealings. Specifically, allowing unilateral settlement to be done without the need for the US dollar.

The move is poised to be vital for the bloc and participating nations, and it appears there will be a lot of them. According to one Russian official, there are already 159 countries seeking to adopt the system currently. With a potential launch coming in October, it could have massive global market ramifications.

Countries Flock to BRICS Payment System as SWIFT Opposition Emerges

The past several years have seen the BRICS alliance committed to enhanced de-dollarization efforts. With the impact of Western sanctions on Russia, the move is a clear promotion of local currency and alternative settlement methods. Although many have been skeptical, there is no denying its popularity to this point.

According to Russia’s Central Bank Governor, Elvira Nabiullina, 159 countries are ready to adopt the BRICS payment system when it goes live. Indeed, these foreign participants are looking to explore an expansion to Russia’s System for Transmitting Financial Messages (SPFS) platform.

Nabiullina said the system “is an alternative to SWIFT.” Moreover, she added, “Similar infrastructure exists in some other countries. We are holding discussions on the interaction of such platforms, but here the interest and technical readiness of our partners are important.”

The payment system has become increasingly important for the alliance. The mechanism is a priority of the upcoming BRICS 2024 Summit, according to the head of Russia’s BRICS Presidency Council, Viktoria Panova.

“Active efforts are underway to create a financial payment mechanism that would make cooperation between BRICS countries easier, maintaining their sovereign trade and economic exchanges,” she said. “This issue tops the agenda because every member of the group sees it as important,” she added.

The system’s debut should come with immediate activity. Additionally, it could open the door to expanded trade dealings for the alliance. With a plethora of nations seeking membership, they could opt to embrace the system when it launches. At this point, there is a chance it is ready for October’s critical summit.

Read full post here:    https://watcher.guru/news/159-countries-set-to-adopt-brics-new-payment-system?c=515

More News, Rumors and Opinions Friday Afternoon 8-16-2024

KTFA:

Clare:  Attracting investors and limiting currency smuggling.. Specialist explains the importance of "digitizing" Iraqi banks

8/16/2024   Baghdad 

Financial and economic expert Nawar Al-Saadi revealed, today, Friday (August 16, 2024), the importance of the benefits of "digitizing" financial transactions for Iraqi banks, while pointing out that digitization can enhance financial inclusion by attracting users who do not deal with traditional banks by providing easy-to-access and easy-to-use services.

Al-Saadi told Baghdad Today that “digitizing financial transactions in Iraqi banks can provide significant benefits, especially in terms of reducing currency smuggling,” indicating that “by adopting digital systems, banks can track all financial transfers with greater accuracy and transparency. This means that each transaction is automatically recorded and saved in a central database that can be reviewed at any time. This allows the relevant authorities to monitor and quickly detect suspicious financial activities, making it difficult for smugglers to exploit the financial system to smuggle currencies.”

“Digitizing the banking system contributes to reducing money laundering cases, as these operations usually depend on exploiting loopholes in traditional systems, but with an advanced digital system, these operations become more complex. Digitization also allows the use of advanced technologies such as artificial intelligence to analyze patterns in banking data and identify any abnormal or suspicious transactions,” he added, stressing that “this helps prevent money laundering by early identification of unusual activities and reporting them to the competent authorities.”

Al-Saadi explained that “to implement this digital transformation in Iraq, there is a need for investments in technological infrastructure and developing the institutional capabilities of banks,” noting that “this requires providing modern technology, training employees to use it effectively, in addition to developing legislation and laws that protect users and encourage digital transactions. It is also important to enhance customer awareness of the benefits of digital transactions and build their confidence in the new systems.”

He stressed that “digitization in banks contributes to achieving more transparency and credibility in the financial system, as each transaction can be easily tracked and reviewed. It also improves the operational efficiency of banks by completing transactions faster and at a lower cost. In terms of security, digitization provides higher levels of protection against fraud and theft through advanced encryption technologies.”

The financial and economic expert concluded by saying, “Digitization can enhance financial inclusion by attracting users who do not deal with traditional banks by providing easy-to-access and easy-to-use services. Digitizing financial transactions in Iraqi banks also has great potential to enhance economic stability and reduce the risks associated with money laundering and currency smuggling, leading to a safer and more efficient financial system.”   LINK

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Clare:  Rafidain Bank warns its customers of "electronic fraud" and issues instructions to them

8/16/2024

Rafidain Bank confirmed, on Friday, its keenness to educate its customers and the public about sound practices in using electronic services in general, and to direct the customer to take caution and care, to ward off the risks that may result from any attempts to access the customer's personal and financial information, through electronic fraud, telephone fraud, viruses and spyware, and identity theft.

In a statement today, Rafidain Bank recommended its customers to adhere to the following guidelines: Avoid easy knowledge of the password, keep it confidential, avoid using common and well-known passwords that are easy to guess, and change them periodically. The bank advised its customers - for their security and safety - to refrain from using known information such as date of birth, phone number, or any easily recognizable part of the customer's name as a password.

The bank’s statement urged customers to avoid disclosing their password and personal data, and to maintain the confidentiality of their salary card number (Master or Visa Card), Internet banking, and mobile banking application, and not to disclose them even to bank employees, stressing that the customer’s information and data, whether domiciled in his salary or otherwise, should be updated whenever there is a change through the branches.

The bank directed its customers to “continuously check your account movements (via account statement, movements in the phone application), and if you have any doubts about any of them, visit your branch or the Banking Awareness and Public Protection Department in the bank’s general management.”

The statement gave examples of fraudulent messages, "These messages are sent to you by someone impersonating an employee at the bank you deal with, who sends you messages asking you for information about your bank account or credit card under the pretext of verifying their numbers."

Fraud by tricking your account into browsing

The bank explained that many users were trapped on social networks through the trick of “Find out who browsed your Facebook account” or any other social network.

Prize Winning Messages

The bank noted that "such messages claim that you have won valuable prizes or a trip to a certain country, and the sender of the message asks you to pay a certain amount to receive your prize. Never do that."

Fundraising fraud

The statement stressed that "they collect money in a deceptive manner, as these fraudsters publish fake stories about a patient's need for treatment, a poor family, or others, and ask for donations from social media users."

Online job postings

The bank said, "If you apply for a job online, you will definitely be asked to fill out an application form. You can do that, but be careful not to write down your bank account number and credit card."

Tips to protect yourself from fraud attempts

The bank addressed customers, saying: Do not interact with people who ask you to pay a small amount of money to get a prize, gift, or other offers.

The statement continued, "You do not agree to transfer a conversation with a specific person outside of social networks, such as communicating via WhatsApp or providing that person's email address."

The bank called on customers to verify the identity of people who message them due to an emergency, claiming to be their friends or relatives, warning that messages that contain spelling and grammatical errors are always suspect and you should be careful of them.

The bank also said in its recommendations to customers and clients, "If you want to provide assistance or help, do so through official and trusted sources," stressing that "do not trust pages that represent large companies or public figures that you have not verified."

He also continued, "Do not trust any social media pages that claim to make you a quick profit through the Internet or working from home," stressing that "do not click on links that you receive via WhatsApp or social networks or those that are published in comments."

The bank urged customers to take precautions and be careful to avoid falling victim to criminal methods that aim to defraud citizens and steal their money by having people impersonate employees working in financial institutions, international institutions or private companies, and then do the following:

Communicating with customers via social media (Facebook, Instagram, WhatsApp) under the pretext of providing financial assistance, prizes, or monthly salaries for a specific period, in exchange for obtaining the customer’s personal information, data and a picture of the bank card granted to him, the secret number, and the OTP verification code.

Use the data and information necessary to create accounts in the name of customers, modify their account data, update their data, or request the number that will be sent to you via SMS, and then carry out electronic transfer operations for the purposes of paying bills and purchases, charging mobile phone balances, or making electronic financial transfers to other persons.

Communicating with the beneficiaries of the money transfers under the pretext that they were executed in their favor by mistake, and then asking them to reverse the amount by transferring it to a specific account or charging a specific phone balance.   LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
We see Saleh again on TV.  This is the second time he talks to us now about the float.  He's saying the float can be adventurous.  We intend to have it fixed.  Ours will be fixed or managed float.  That is what's best at this time for Iraq and our currency.  He went and talked about how...we went from 11,000 ATMs to over 55,000...in gas stations alone... FRANK:  Ever since the United States Treasury showed up last week they just cannot stop talking to you every day on the television about the success of the monetary reform...new lower notes...the new exchange rate...Now it's gone way deeper into the float.

Mnt Goat   Article quote:  “introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years”. How can this possibly...“lop” when they will continue trade and use these larger three zero notes in the background for 10 more years after they complete the Project...So no more negative stuff about a LOP…please! 

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Global Debt Just Hit Levels You Won't Believe (Here's Why It Matters)

George Gammon:  8-16-2024

https://www.youtube.com/watch?v=_isu8dz60jo

BRACE For IMPACT! This Is The Complete Collapse of the US Dollar

Atlantis Report:  8-13-2024

The United States dollar has been the dominant force in the global financial ecosystem, playing a central role in international trade and serving as the world's primary reserve currency. This has given the US significant economic influence and stability for many years. However, as we move through the challenges of the 21st century, there are threats on the horizon that could disrupt this established financial order.

https://www.youtube.com/watch?v=7qUPs4HSpDg

Economist’s “News and Views” Friday 8-16-2024

Is the dollar doomed? Feat. Andy Schectman - LFTV Ep 186

Kinesis Money:  8-16-2024

n this week’s episode of Live from the Vault, Andrew Maguire is joined by Andy Schectman, President & Owner of Miles Franklin, one of the first companies to be approved as an authorised reseller of minted products.

 The precious metals experts open with a discussion about the Bank of International Settlements Project mBridge, before discussing the widespread repatriation of gold by global central banks amid continued developments in the BRICS saga.

https://www.youtube.com/watch?v=X5mFb4NtPzw

These 2 Powerful Countries Got Invited To Attend BRICS 2024 Summit! What's Going On?

We Love Africa:  8-15-2024

BRICS rolled out their first two invitations to Venezuela and Bolivia to attend the 2024 summit.

Venezuela was the first country to receive the invitation and President Nicolas Maduro will attend the summit. “As BRICS chair, President Vladimir Putin invites President Nicolas Maduro to attend the BRICS+ summit,”

 The Eastern European nation Bolivia is the second country to have received the BRICS invitation for the 2024 summit. The Bolivian President Luis Arce will attend the summit along with his delegates. “He (the President) has been invited to the summit in Kazan in October,” State news agency ABI said.

Both Venezuela and Bolivia are interested in joining the alliance to revive their respective native economies.

The 16th BRICS summit will be held from October 22 to 24, 2024 in the Kazan region of Russia. Decisions about inducting new countries, de-dollarization, and new currency status could be discussed.

In addition, bloc is keen on de-dollarization and aims to push local currencies ahead of the US dollar for cross-border transactions.

The 2024 BRICS summit will decide the prospects of the US dollar that could affect the American economy.

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

Germany Nord Stream Bombshell, Japan Crashes & PM Resigns, Prepare For U.S. Price Controls

Sean Foo:  8-16-2024

Germany drops a big update on the Nord Stream saga. However, this doesn't change the fact their economy is still in real danger with deindustrialization not stopping.

Meanwhile, Japan's Prime Minister resigns and US Price Controls might be coming if Harris wins!

Timestamps & Chapters:

 0:00 Nord Stream Saga Big Update

2:18 Goodbye To Cheap Russian Gas

6:08 Japan's Kishida Shock Resignation

9:20 US Crazy Price Controls Plan

https://www.youtube.com/watch?v=KoT8N43bo2Q

News, Rumors and Opinions Friday AM 8-16-2024

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. 16 Aug. 2024

Compiled Fri. 16 Aug. 2024 12:01 am EST by Judy Byington

Possible Timing of the Quantum Financial System, NESARA GESARA Secrets on Telegram Thurs. 15 Aug. 2024

The city of Basel, located in the north-west of Switzerland, is one of the most dynamic economic regions of Switzerland and home to the world headquarters of the Bank for International Settlements. 

The Basel Committee on Banking Supervision was created in 1974.

Its 45 members comprise central banks and bank supervisors from 28 jurisdictions, the South African Reserve Bank is part of it.

The Basel Accords were formed with the goal of creating an international regulatory framework to reduce various risks.

Basel 4’s higher thresholds will further restrict banks’ ability to lend.

Basel 4 was originally intended to start on 1 Jan. 2022, but in March 2020 was delayed due to the pandemic till Jan. 2023, and will be enforced over 5 years (2027).

All banks across the Globe have to be Basel 4 Compliant (meaning their money had to be asset-backed), many banks have since consolidated, or closed completely.

Since Friday 3 Feb. 2023 all Basel 4 Compliant banks were expected to go public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law, this is the Re-evaluation of all the global currencies (meaning the global currency reset) – the Iraqi Dinar will be the first indicator that will trigger the rest: bloomberg.com/news/articles/…

FIAT money is backed by a country’s government instead of a physical commodity or financial instrument. This means most coin and paper currencies that are presently being used throughout the world are FIAT money. This includes the US Dollar, the British Pound, the Euro and the SA Rand.

All Basel 4 compliant countries will then put out their new currencies and take the old money in, so the FIAT Dollar will become obsolete outside of the US and millions hidden will become worthless.

The world will use the FIAT and then transition over to the precious metals / commodity backed currencies and the USD / Sterling Pound and Euro will have no value whatsoever anymore.  

The use of the FIAT will be used for up to 90 days Feb. / March / April 2025 parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter. 

No FIAT currency or any other form of currency or cash can be deposited into the QFS without going through an exchange process and having a digital gold certificate assigned. Without the gold certificate the computer will not recognize it as money. 

The redemption of Zim Bonds creates a transaction where the gold certificates are activated and put into your account(s) in the QFS.

No currency is automatically activated in the QFS.

When the time comes, each owner of a bank account will access the QFS portal and can exchange their FIAT currency in that bank account to the QFS.

The QFS already knows if the money is clean and non-terroristic and will allow the exchange to take place, it will then be assigned the gold certificate and become active for use.

11 Global Banks Probing The Wonderful World of Quantum Technologies since 2021 already: thequantuminsider.com/2021/06/23/11

Is your bank Basel 4 and QFS compliant? No need to worry, you will get a QFS wallet and operate your wallet from your phone.

There are three Main Groups driving this initiative:

1 – Swiss Banking Group AG
2 – INDUS – BRICS
3 – US SPACE FORCE

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Thurs. 15 Aug. 2024 Bruce:  (RUMORS)

On Mon. 19 Aug. 2024 NESARA/GESARA is supposed to be announced either by Justice Clarence Thomas or by General Mike Flynn.

The new USN is supposed to be coming out around that same Mon. 19 Aug. 2024.

The R&R allowances are part of NESARA

If you have Zim and you have a dire health need you will get precedent for a Med Bed appointment. Ask for it at your exchange/redemption appointment.

On Mon, Tues, Wed. Aug. 19, 20, 21 Med Beds will be rolled out.

The USN is out on Forex and on bank screens Sun. night 18 Aug. and will be seen on bank screens Mon. morning 19 Aug.

Tier4b (us, the Internet Group) we should get notified sometime Tues. 20 Aug. 2024.

Tier 4b exchange/redemption appointments should start Wed. 21 2024

Redemption Center leaders will be emailed information on Sun. 18 Aug. afternoon to send out Monday 19 Aug.

Social Security increases (of 80%) should start around Wed. 21 Aug. 2024.

Restitution and Reclamation Allowance: The money we will get back from birth, marriage, death certificates that were traded as bonds. We will get back the interest paid on mortgages, bank loans, credit cards, etc.

It will be different for those who have Zim – will get the R&R in the Quantum Account. They will tell us how much that will be before our exchange.

The Quantum Card is not something we carry around. Put it in a very safe place and only use it when moving from Quantum Account into your bank account. You can have three different banks.

To access your Quantum Account you will need to have a (1) a biometric thumb or finger print (2) a password (3) a User Name (4) a five digit ID number (5) an Email address.

Non Exchangers (28 years of age and older), US Citizen or Green Card Holder will have their R&R by direct deposit in your bank account.

Non Exchangers R&R payments start on Mon. 18 Aug. and will take 18 days to deposit in your account.

If you are under 65 in order to receive your R&R payment, you have to stay employed at least 30 hours a week until retirement age.

~~~~~~~~~~

Thurs. 15 Aug. 2024 Farm Claims liquidity, Ginger’s Liberty Lounge: Reports regarding Farm Claims settlements being paid are accurate; and this is a very nice item which we can happily check off our “non negotiable list”. I was unable to share the exact details from my own confirmed contact, so I am sharing this other news passed along from someone else. 8.14.24. Lamb: “I just got off the phone with a friend of mine, she told me that her friend that had registered with the farm claim packages … He woke up to $500,000 in their bank account with no explanation, no nothing, he showed her the bank statement and knows this other person had “no pot to piss in” before (per se). So the statement about farm claims being paid is 100%.”

Read full post here:  https://dinarchronicles.com/2024/08/16/restored-republic-via-a-gcr-update-as-of-august-16-2024/

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

Militia Man  What I bring has data behind it.  I'm not just making it up or just getting phone calls.  I'm actually doing the work.  I put it together.  It takes a lot of time to put all the work together.  I like doing it because it does help so many people...You're not the only ones that are tired.  Everybody in our crews can be tired at times.  We all need to support..

Fnu Lnu  There will be NO NDA necessary for a public transaction with a public bank for a publicly traded currency! PERIOD. The only people who have NDA's, like myself, have a contractual agreement to sell Dinar to private buyers at a rate not published and is not public. There are buyers that have contracted to buy Dinar from private sources because they might be sanctioned from using the auctions or buying from the source. They are doing it for Oil Credits. ONLY they have NDA's. No other will have any reason for a NDA.

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

Good news for iqd iraq finance

Nader:  8-15-2024

https://www.youtube.com/watch?v=zk7kYEg74Lo

“Tidbits From TNT” Friday Morning 8-16-2024

TNT:

Tishwash:  Activating the joint strategic framework on the table of the foreign ministers of Iraq and Turkey

Foreign Minister Fuad Hussein confirmed, today, Thursday (August 15, 2024), that he discussed with his Turkish counterpart, Hakan Fidan, ways to activate the strategic framework agreement between the two countries.

Hussein said in a post on the "X" platform, which was followed by "Baghdad Today", "Today we held a fruitful meeting with our friend Hakan Fidan," indicating that "the meeting discussed frameworks for enhancing joint cooperation between our two countries."

He added, "During the meeting, we discussed ways to activate the strategic framework agreement that was signed during President Erdogan's visit to Baghdad," noting that "the two parties stressed the importance of deepening bilateral relations in a way that serves common interests  link

Tishwash:  The Ministry of Foreign Affairs reveals the postponement of the announcement of the end of the international coalition's military mission in Iraq

 Today, Thursday, the Ministry of Foreign Affairs announced the postponement of the announcement of the end of the international coalition's military mission. 

The Ministry stated, in a statement received by the “Al-Ma’louma” Agency, that “there are no American forces in Iraq except for the military advisors who are under the umbrella of the international coalition.” These advisors are included in the outcomes of the work of the Supreme Military Committee, and the two parties are committed to the established mechanisms and their outcomes.” 

He added, "The work of the Supreme Military Committee focused during the past months on assessing the threat of ISIS with the aim of reaching a deadline to end the military mission of Operation Inherent Resolve, and on this basis, the presence of international coalition advisors of all nationalities on Iraqi soil will be ended." 

The Iraqi Foreign Ministry pointed out that “these discussions included details that included the hierarchy of advisors' withdrawal from the sites, and all that remained agreement on the details and date of the announcement and some other logistical aspects,” noting that “we were very close to announcing this agreement, but due to recent developments, Postponing the announcement of the end of the international coalition’s military mission in Iraq.” 

He pointed out that “the bilateral relationship with the United States in all fields, including the security relationship, is completely separate from the path of the relationship with the international coalition forces.” This relationship existed before the coalition and will continue after it, and the Iraqi delegation discussed the future of the security relationship in the areas of training, arming, equipping and cooperation.” Security, in light of what is permitted by the Iraqi Constitution and the framework of the strategic agreement between Iraq and the United States.    link

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

Tishwash:  A deputy reveals the results of the war on “hard currency” smuggling

On Thursday, Representative Yasser Iskandar revealed the results of the war on the smuggling of hard currency from Iraq. 

Iskandar said in an interview with Al-Maalouma, “The smuggling of hard currency is one of the tools that drain the economy and creates an anomaly in the balance of exchange rates and pushes the parallel market to rise, which leads to excessive prices in the markets, the price of which is paid by the simple people.” 

He added, “The efforts of the Ministry of Interior with the Central Bank and supporting formations contributed to reducing the file of hard currency smuggling by 80%, while directing 11 specific strikes to companies and offices dealing in the file of selling currency illegally.” 

He pointed out that "currency smuggling is part of corruption that requires exceptional efforts to dismantle it, and government committees are continuing to expose it day after day." 

It is noteworthy that the smuggling of hard currency leads to an increase in exchange rates in Iraq, which puts pressure on the markets and leads to the emergence of excessive prices.   link

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

Tishwash:  Parliamentary Oil Committee reveals details of oil smuggling from the region to Iranian ports

The Parliamentary Oil and Gas Committee revealed, on Thursday, the details of oil smuggling from the Kurdistan Region to Iranian ports, explaining that this operation caused a crisis in the transfer of crude oil between Iraqi refineries.

The committee’s deputy chairman, Adnan al-Jaberi, said in a press interview, “We have seen a document issued by the State Oil Marketing Organization (SOMO) regarding the smuggling of oil from the Kurdistan Region to Iranian ports,” noting that “this document states that oil is smuggled from Erbil and Sulaymaniyah via tankers through the Bashmakh and Pirouz Khan crossings.”

Al-Jabri added, "The document revealed that the price of transporting one ton of crude oil to Iran is $135," noting that "this issue caused an internal crisis in the land transport of oil, considering that most of the tankers are private and have turned towards loading these smuggled materials, and there has been a defect in the transport of official oil, because SOMO pays $33 per official ton, while the cost of transporting smuggled oil reaches $135 per ton, and thus most of the tankers have turned to transporting smuggled oil."

Al-Jaberi continued, "This crisis has caused the accumulation of crude oil in a number of refineries, which has affected the quantity of petroleum derivatives in these refineries," noting that "the Parliamentary Oil and Gas Committee is following up on this issue with importance, and we will host general managers in this regard."   link

Mot: ooooooooh the Games they Play!!! 

Mot: Only ""Cat Owners"" can Relate!!! 

Seeds of Wisdom RV and Economic Updates Thursday Evening 8-15-24

Good Evening Dinar Recaps,

XRP Adoption in Japan: A Comprehensive List of Banks Embracing Ripple’s Technology

▪️Leading banks in Japan are tirelessly working towards shifting how Cross-border transactions are handled by integrating the XRP ecosystem.

▪️Banks like SBI Holdings and Mizuho Bank, part of a 61-member consortium, are working towards worldwide cryptocurrency adoption, especially XRP.

Ripple is emerging as a dominant force in the crypto sphere. The token is rapidly gaining traction, and Japan is at the forefront of this trend by wholeheartedly embracing XRP. Additionally, Japan is also at the front line, particularly in the realm of cross-border payments.

As per a recent CNF report, Ripple has formed strong alliances with leading financial institutions. Notably, 80% of Japanese banks have collaborated with this crypto titan.

List of Japanese Banks set to use #XRP.

1️⃣ SBI Holdings – Tokyo
2️⃣ Mizuho Bank – Tokyo
3️⃣ Sumitomo Mitsui Trust Bank – Tokyo
4️⃣ Resona Bank – Osaka
5️⃣ Bank of Yokohama – Yokohama
6️⃣ The Chugoku Bank – Okayama
7️⃣ The Tokyo Star Bank – Tokyo
8️⃣ The Toho Bank – Fukushima
9️⃣… pic.twitter.com/BCoK3Df41f

— Jack Straw (@JackStr42679640) August 12, 2024

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

Cardano’s Hoskinson Names AI-Blockchain Use Cases—Is ADA Ready to Seize the Moment?

▪️In his recent presentation at the Ai4 conference, Cardano co-founder Charles Hoskinson addressed the intricacies around the merging of blockchain technology and Artificial Intelligence (AI).
▪️According to him, AI’s reliance on huge computational resources could be offset by the existence of tokenomics.

The groundbreaking entry of Artificial Intelligence (AI) into the crypto or blockchain space was the focal point of the Ai4—Artificial Intelligence Conferences 2024, which featured Cardano’s (ADA) Charles Hoskinson as a speaker.

In his keynotes, Hoskinson delved into the ongoing situation of AI leveraging blockchain as an incentive and trust layer to create a decentralized marketplace for data, models, and inference.

Summarizing Hoskinson’s speech:

Merging blockchain and AI presents significant challenges but also opens up opportunities for innovation. From governance and data privacy to decentralized marketplaces and ethical concerns, the intersection of these technologies requires careful coordination and incentives alignment to unlock its full potential.

@ Newshounds News™

Read more:  Crypto News Flash

~~~~~~~~~

Member-countries of Eurasian banks council can agree upon common approaches in ESG sphere

Countries identified resolution of issues related to disclosure of reports in the sustainable development sphere and the expansion of the range of financial products in ESG among key tasks during the three next years

MOSCOW, August 15. /TASS/. All member-countries of the Eurasian Council of Central (National) Banks (ECB) informed about their involvement in the Environmental, Social and Governance (ESG) and climatic transition agenda, according to data of the poll held by the Bank of Russia.

Countries identified resolution of issues related to disclosure of reports in the sustainable development sphere and the expansion of the range of financial products in ESG among key tasks during the three next years.

"Several ECB countries issued regulatory legislative acts or documents of advisory nature, describing requirements/recommendations as regards the disclosure of information by public companies and financial institutions in the sustainable development sphere. 

The next step can be agreement of unified approaches to disclosure of information in sustainable development sphere in ECB space, which can provide in particular for development of the common capital market to finance sustainable development," the Bank of Russia said.

Furthermore, harmonization of approaches to sustainable (including green) kinds of activity and joint analysis of practices of assigning ESG ratings and their methodologies are possible over time, which will contribute to further development of the sustainable development financing market.

ECB countries noted significance of arising climatic risks and recognized the need to assess these risks and roll out approaches towards their recording and regulation. 

"The majority of countries considers over time the possibility of introducing regulation for banks in management of climatic risks within the framework of internal procedures of capital adequacy assessment and risk-sensitive stimulating regulation," the Bank of Russia said. 

@ Newshounds News™

Read more:  TASS

~~~~~~~~~

IOTA Enhances Trust and Security in European Identity Wallets for E-Commerce

▪️The European Identity Wallet is set to transform identity verification by allowing users to log in to websites without the need for passwords, while sharing verified information with ease.

▪️The integration of Self-Sovereign Identity (SSI) and decentralized identifiers (DIDs) is seen as a key step in combating these issues, with organizations like IOTA and Impierce Technologies leading efforts.

The implementation of the European Identity Wallet is nearing 2026, with several organizations exploring its potential while focusing on user authentication. 

This wallet will revolutionize identity verification by offering users a secure and seamless way to confirm their identity with greater certainty.

The IOTA Foundation is one of the key organizations working towards making the European Identity Wallet project a success.

Along with user authentication, Self-Sovereign Identity (SSI) has been gaining traction in the B2B sector, particularly in trade and finance. Furthermore, the European Identity Wallet currently lacks support for organizational identification. Thus, its correct usage can help restore trust in digital spaces by combating crypto scams and frauds.

With the upcoming eIDAS 2.0 regulations, users will be able to log in to any complaint website using the European Identity Wallet without having to create an account or password.

 Furthermore, this Wallet will allow users to share verified information, including email, age, address, and contact numbers, just with a click of a button.

This helps reduce customer friction while streamlining the overall eCommerce experience. The mutual authentication enabled by this process benefits both the user and the website, helping to build trust on both sides.

A Proof-of-Concept project, UniMe, seeks to get certified as a European Identity Wallet after recently updating its login flow. The user has to do domain verification to validate the identity. Furthermore, UniMe employs other trust layers, giving the user confidence that they are logging into a secure website.

IOTA Helps to Build the Trust in Digital Identity

One of the biggest challenges today is establishing trust between users, websites, and businesses, especially in a B2B environment amid the rampant spread of scam emails, fraudulent invoices, fake social media accounts, and deceptive websites. With online space facing such threats, the concept of “don’t trust but verify” is becoming even more essential.

The upcoming eIDAS 2.0 regulation and the European Identity Wallet offer a promising solution to restore trust. This regulatory shift aims to provide companies with the necessary tools to protect users, customers, and clients from online fraud. 

Impierce Technologies is at the forefront of this initiative, developing core technology components that allow businesses to participate in a trusted information exchange ecosystem.

The solution uses the decentralized identifiers (DIDs) of the World Wide Web Consortium (W3C) to create unique identifiers for companies.

This system can operate either without blockchain using did: web or be published to blockchain platforms such as EBSI or IOTA, enhancing trust in the verified identity, as reported by CNF.

Furthermore, according to the CNF report, the European Sandbox Initiative selected IOTA’s Web3 ID solution earlier in June.

@ Newshounds News™

Source:  CryptoNews

~~~~~~~~~

Telegram mini-app TON Turbo allegedly an exit scam

After many users raised concerns about withdrawals, a Telegram mini-app called TON Turbo began scrubbing its digital footprint.

TON Turbo, a project built atop The Open Network, offers users so-called Toncoin mining rigs to generate profits by depositing crypto via a Telegram chat box. The mining rigs promised nearly doubled returns on the initial capital, with an opportunity to earn TON and prominent memecoin Shiba Inu .

However, several aspiring miners using the platform reported withdrawal difficulties. Replies on the project’s Telegram channel suggested its deposit mechanism was a one-way corridor.

Additionally, TON is a proof-of-stake blockchain where validators are the key network contributors. Mining typically refers to proof-of-work networks like Bitcoin, which relies on participants called miners to validate transactions and discover new coins.

Once users sent crypto to the virtual mining rig, it seemingly churned profits over time, but withdrawing rewards was impossible. When users pointed out the issue, TON Turbo disabled customer support and locked its chat rooms.

The protocol closed replies between July 27 and Aug. 5, but the team continued to post promotional updates on X and Telegram.

TON Turbo ghosts customers

TON Turbo claimed to have secured several marquee partnerships, including with The Open Network, Tonkeeper, Telegram mini-game Dogs, and Shiba Inu.

These claims were unverified, and crypto.news could not find proof of said partnerships outside of TON Turbo’s announcements. Requests for comments sent to TON Turbo admins were unanswered at press time.

Project admins had deleted their Telegram accounts, and the private social network tagged updates on TON Turbo’s channel as a “scam.”

Social media and the project’s Telegram channel signaled that hundreds to thousands of investors tried using the supposed Telegram mining rig. How many users may have suffered losses is unknown, and how much was lost to this apparent exit scam remains to be seen.

 @ Newshounds News™

Source:  Crypto . News

~~~~~~~~~

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More News, Rumors and Opinions Thursday PM 8-15-2024

TNT:

Tishwash:  As the region continues to steal oil...the oil and gas law is in the parliament's drawers

The draft oil and gas law is one of the most controversial issues between the political blocs and the Kurdish national component.

The Kurds continue to steal Iraqi oil and sell it on the black market for half its market value, which is a huge waste of the country's financial resources.

Independent politician Adnan Abdullah confirmed on Thursday that oil smuggled from the Kurdistan region is sold for less than half its value.

Abdullah told Al-Maalouma, “The region smuggles about 300,000 barrels per day, and this is no secret and the government and all political forces know about it.”

He added, "The smuggled oil is sold for less than half its value, which is what drives some brokers in neighboring countries to deal with the smuggling file due to the large profits, noting that" mutual interests with some forces in Baghdad push for not opening this sensitive file."

He pointed out that "oil smuggling is illegal and represents a drain on the national wealth that everyone must preserve and its management must be federal."

It is noteworthy that oil smuggling operations from the Kurdistan Region have been ongoing for years by some of the ruling parties in the region.

Despite the government's moves to end the violations of the region's oil exports by passing the Oil and Gas Law, the obstacle of the Kurdish parties is what is pushing to suspend the law by objecting to the paragraphs and articles of the law that will end the region's Violations in the operations of extracting and exporting oil through the Turkish port of Ceyhan.

The  continuous objection and the placing of obstacles are due to preventing the approval of the law that may end the theft of contracts with foreign extraction companies in which the Barzani government is a major partner, in addition to ending the seizure of oil revenues and the positions They control as a result of exporting independently of the central government and the national SOMO company. 

The Kurdish objection is centered on the paragraph of the control of the National Marketing Company (SOMO) over the operations of extracting, exporting and selling oil and gas.

Legal experts confirmed that all the articles that the Kurdish parties object to are not legal and constitutional, but rather in order to continue seizing the country's wealth.  

The sources indicate that the Kurdish parties exploit the weakness of the governments in order to obtain high percentages of money, oil and gas revenues, and the approval of the law will end all these operations.

This is one of the reasons for not passing the oil and gas law from the House of Representatives, due to the major political differences that will keep the law in the drawers of the House of Representatives.

Member of the committee, MP Mohammed Anouz, ruled out today, Thursday, the ability of the political blocs to pass the oil and gas law and some other controversial laws.

Anouz told the / Al-Maalouma / agency, “The legal committee has a number of controversial laws that cannot be passed due to the political differences over them.”

He added, "There are laws that cannot see the light during this session due to the deep differences, most notably the oil and gas law that has not been decided for four previous parliamentary sessions."
He confirmed that the law will be postponed to the next session in the hope that it will find consensus on it.   link

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

Tishwash:  State Department in response to US State Department spokesman: There are no US forces in Iraq except for military advisors

One journalist, with his inaccurate answer, the State Department would like to clarify the following:

First: There are no American forces in Iraq except for military advisors who are under the umbrella of the international coalition. These advisors are included in the outputs of the work of the Military Committee

The highest level, and both parties are committed to the established mechanisms and their outcomes. Second: The work of the Supreme Military Committee during the past months focused on assessing the threat of ISIS with the aim of reaching a deadline for ending the military mission of Operation Inherent Resolve. On this basis, the presence of international coalition advisors of all nationalities on Iraqi soil will be terminated.

These discussions included details that included the hierarchy of advisors’ withdrawal from the sites, and all that remained was to agree on the details and date of the announcement and some other logistical aspects. We were very close to announcing this agreement, but due to recent developments, the announcement of the end of the international coalition’s military mission in Iraq was postponed.

Third: The bilateral relationship with the United States in all fields, including the security relationship, is completely separate from the course of the relationship with the international coalition forces. This relationship existed before the alliance and will continue after it. The Iraqi delegation discussed the future of the security relationship in areas:  link

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

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

Frank26  Question: "Why is no one speaking of the WTO meeting with Iraq on Friday?"  Because it's not that important.  They were supposed to get everything done by the 15th for the WTO.   What are they going to do Friday?  They're just going to talk about it.  It's not until the value of the Iraq dinar is released and the lower notes and lifting of the three zeros, that's when they'll join the WTO...Why do they want a sanctioned rate? ...They don't.  They know exactly what they're doing.

Militia Man  There are a lot of things that are rough and tumble out there.  On a good note, everything  we're seeing is still focused and still on track and I think we're going to be in good shape.  If they launched this over a year ago, we're coming to a close.  I firmly believe it, they're coming to a close and they're getting ready to do what they have to  do...

BRICS Move Gold-Backed 'Unit' Plans Forward Ahead Of October Meeting In Kazan

Arcadia Economics:  8-14-2024

Various Russian officials have made comments alluding to a greater gold involvement in the monetary system ever since (and in some ways even before) they were kicked out of the SWIFT system in 2022.

Yet while there have been no formal announcements, signs of progress have been emerging. And 2 months ago Matt Riley joined me on the show to talk about 'the Unit,' which is a proposal for a payment settlement currency that would include a 40% gold backing.

Today Matt returns to the show and provides an update on how the plan is evolving ahead of the BRICS October meeting, and whether he expects an announcement at that meeting.

We also talk about whether a successful Unit would ultimately force the west to put some sort of collateral behind their own currencies, and whether he expects people to front-run the move if the plan continues to progress and eventually become more public.

While we don't yet know the ultimate outcome, evidence of the possibility of a potentially landscape-changing transition continues to emerge.

And to find out more about it, months before most of the world will ever have any idea, click to watch the video now!

https://www.youtube.com/watch?v=J23gSixFjnk

Why Are These US STATES Buying GOLD? Just Like Central Banks

Why Are These US STATES Buying GOLD?  Just Like Central Banks

VRIC Media:  8-15-2024

We are set up for a historic decade in the commodity sector, this show will be the central source of information and study for my portfolio strategy.

It will be a place where myself and other investors from the sector will stress test our ideas and discuss where we are allocating capital.

This week, I am joined by Jp Cortez, Executive Director of the Sound Money Defense League, who is here to make his case for the return of sound money.

 Jp dives deep into the resurgence of gold and silver as viable forms of money, the legislative victories across U.S. states removing barriers to using precious metals, and the growing trend of states and individuals adopting a personal gold standard.

We also explore the strategic importance of gold in protecting wealth, the challenges of counterparty risk, and the broader implications of these trends for the future of money in America.

0:00 Intro

1:18 The Case for Gold as Money

5:19 - Advantages of Gold & Silver Ownership

13:48 Counterparty Risk & Gold's Role

 18:42 States Adopting Gold in Treasury

 23:57 Global & National Trends in Gold Acquisition

 39:22 - Sound Money as a Constitutional Right

 44:50 - Sound Money Scholarship

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