Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 8-20-24

Good Afternoon Dinar Recaps,

Bank of England to develop analytics data platform for ISO 20022

The Bank of England is working with the BIS Innovation Hub London centre on a project that will explore how technology can enhance the analytical use of ISO 20022 data to shed light on economic conditions, system liquidity and compliance.

The increased use of ISO 20022 standards for payment messages in Real Time Gross Settlement (RTGS) systems means many central banks will adopt the protocol in the coming years. The UK's high value payments system Chaps completed the cutover to the new data standard in June last year.

Project Keystone aims to develop a standardised data analytics platform focused on ISO 20022 data. As part of the project, two modules will be developed.

The first will address the complexities of handling the ISO 20022 data structure and the associated data storage requirements, and the second will provide analysis based on the data.

Keystone is intended to become an off-the-shelf component that payment system operators can integrate into their own systems.

The Bank of England believes that Keystone's support of analytics capabilities could enable payment system operators to utilize the enriched data contained within the ISO 20022 message scheme for greater understanding of economic conditions, system liquidity, and compliance with ISO 20022 standards.

In addition, as Keystone will create a standardised data platform, future users will be able to create and share additional analytics capabilities within the central banking community.

@ Newshounds News™

Source:  FinExtra

~~~~~~~~~

Nigerian tax authority to introduce crypto regulation bill in September: report

The Federal Inland Revenue Service, Nigeria’s tax authority, plans to introduce a bill to regulate the cryptocurrency sector by the end of 2024.

Speaking at a recent stakeholder engagement session with the National Assembly’s Finance Committees, FIRS Executive Chairman Zacch Adedeji said the country is set to propose a bill that would introduce laws to regulate the crypto sector, mitigate the risks involved, and benefit the nation’s economy, according to a Vanguard report.

Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service:

“Today, we cannot run away from cryptocurrency. But as we are here today, there is no law anywhere in Nigeria that regulates cryptocurrency. But it is the new thing that is happening, and we cannot run away from them.”

The new regulation is part of a broader effort to modernize existing laws in the taxation system to keep up with Nigeria‘s evolving economic landscape. Adedeji urged the FIRS’s collaboration with lawmakers to implement the bill, with the first iteration expected to be introduced in September.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

Time is NOON CST

Listen Here: Podcast Call Link 

Isaac's Room Link 
Replay YouTube Link

@ Newshounds News™

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble
Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Thoughts From DJ: “Global Equality in Trade”

DJ:  DID YOU KNOW?

It has long been understood that the end game for the GCR is to create equality in global trade. While it sounds good, is it practical? The foundation of our financial systems can shape the future of global trade in ways both expected and unforeseen. The concept of asset-backed currencies—a system where money is directly linked to tangible resources like gold, oil, or other valuable commodities can be debated.

Should the world’s currencies return to being anchored by real assets (GCR), the landscape of global trade would undergo significant transformation, altering everything from international relations to economic stability.

First of all, an asset-backed currency system would impose a new layer of discipline on nations’ monetary policies. Unlike the current fiat currency system, where money can be printed based on economic needs or political agendas, an asset-backed system requires that every unit of currency corresponds to a tangible asset.

This constraint would likely reduce the ability of countries to engage in inflationary practices, leading to more stable global prices. But for trade, this stability could be a double-edged sword. On one hand, reduced currency volatility would lower the risks associated with exchange rates, encouraging more predictable and fairer trade agreements. On the other hand, countries with fewer natural resources or valuable assets could find themselves at a disadvantage, struggling to participate equally in global commerce.

The redistribution of economic power would be another inevitable consequence. Countries rich in valuable resources—such as gold, oil, or rare earth metals—would gain significant influence. These nations would see their currencies strengthened, granting them greater leverage in international trade negotiations.

On the other hand, countries without substantial assets would face the prospect of economic marginalization. (In the context of countries, economic marginalization occurs when nations are unable to compete effectively in the global economy). This could lead to a new era of economic imperialism, where wealthy nations exert more control over poorer ones, not through military might, but through financial superiority.

International trade imbalances would have to be scrutinized more closely. In the current fiat system, countries with trade deficits can borrow money or print more currency to cover the gap. However, in an asset-backed system, this option would be severely restricted.

Nations with persistent trade deficits would have to pay with real assets, potentially depleting their reserves. This could force a radical shift in trade policies, encouraging countries to become more self-sufficient and less reliant on imports, which could, in turn, slow the pace of globalization.

Another significant impact would be the revaluation of global commodities. With currencies tied to physical assets, the demand for these commodities would increase, driving up their prices.

This could trigger a resource race, where countries hoard or aggressively acquire assets to back their currencies. The environmental and geopolitical ramifications could be huge, as nations scramble to secure dwindling resources, possibly leading to conflicts or attempts to increase borders to secure natural resources.

For businesses, an asset-backed currency system would create both challenges and opportunities. On one hand, the stability of asset-backed currencies would reduce risks associated with currency fluctuations, making long-term contracts more predictable. On the other hand, the costs associated with securing and verifying the assets backing each currency could introduce new complexities and expenses into international transactions.

While the idea of returning to an asset-backed currency system might seem like a path to greater economic stability, it would also bring about drastic changes in global trade dynamics. The benefits of reduced currency volatility and inflation control has too be weighed against the potential for increased economic inequality, resource conflicts, and a shift away from global cooperation.

We may not choose to admit it, overall, global trade shapes daily life by determining what individuals can buy, how much they pay, and the job opportunities available to them.

In this race to achieve a GCR, we might want to consider just finishing the race, not how we get there the fastest. The world has old knees, it’s probably a good idea to slow down and walk to the finish line.

There must be something else going on that we just can't see.

DJ

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=245106

More News, Rumors and Opinions Tuesday Afternoon 8-20-2024

TNT:

Tishwash:  "Iraq's bank reserves are excellent".. Parliament: We have sufficient resources to cover any financial crisis regarding salaries - Urgent

The Finance Committee of the House of Representatives confirmed, on Tuesday, that there are sufficient resources to cover any potential shortage in salaries.

Committee member Jamal Kojer said, according to the official newspaper, that "financial matters are under control and the government is fully committed to securing employees' salaries on time without any delay."

He pointed out that "the statements of the Minister of Finance and the Governor of the Central Bank confirm that salaries are fully secured this year, and that there is no fear in this regard."  link 

Tishwash:  Deputy: The coming months will witness the announcement of the international coalition's exit from Iraq

The representative of the coordination framework, Abdul Amir Al-Mayahi, confirmed on Tuesday that the next few months will witness the official announcement of scheduling the withdrawal of the so-called international coalition from Iraqi territory, pointing out that there is seriousness on the part of the government to resolve this issue and make Iraq free of foreign military presence.

Al-Mayahi told Al-Maalouma Agency, “There are negotiating committees that have reached their final stages regarding scheduling the removal of all foreign forces, or the so-called international coalition, from the military bases within which they are located.”

He added, "The government is serious about scheduling the exit of the aforementioned forces, but the current conditions in the region prevented the announcement of this schedule after it was scheduled to be announced to ensure the exit of the forces from Iraq."

He stated, "The next few months will witness the announcement of scheduling the international coalition's exit from Iraq, through the negotiating committees formed between the two sides, thus ending the foreign military presence inside Iraq."   link

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Saleh on TV talking about the possibility of using the dinar instead of the dollar on oil sales.  He's talking about how and why...  FRANK:  Sudani is now sending people on a daily basis out to talk to you...If it's not Saleh talking to you about the monetary reform, it's Alaq reminding you you're going to get purchasing power...Then it's himself that comes out and tell you the project to lift the three zeros is still on the table, we're going to give you purchasing power like we promised you this year...Your purchasing power is coming.

Militia Man   Article quote:  "Central Bank's inability to meet the needs of Iraq dinars which may force an increase in issued monetary mass."  They didn't say dollars, they said the need for dinar.  Why would they need to have dinar?  Remember...they've been bringing in 25k notes because...they're doing electronic.  All that money that comes in gets credited on cards.  They've been absorbing cash... What were they doing in the background?  They were destroying money...They didn't tell you how much money they destroyed...But they're saying they're having a problem with liquidity...a problem...to meet the need for Iraq dinar...They're going to need money to be replaced.  Could that be the new small category notes with more value? ...Why in the world would you go out and destroy a bunch of money... make it into pellets for burning, when you're going to go and create new 25k notes.  Does that make any sense to anybody?  Do you think they built that big, huge massive building...to have more inflation and a cheaper exchange rate less that 1310?  That's what they would be doing...That doesn't make any sense whatsoever. 

Travel to new york alaq iqd # iraq

Nader:  8-20-2024

https://www.youtube.com/watch?v=zWGsw8JTdKI

WARNING: Banks Are Preparing for an Imminent Banking Crisis as Property Foreclosures Soar

Lena Petrova:  8-19-2024

https://www.youtube.com/watch?v=K5L_8P9AQJA&t=8s

“Tidbits From TNT” Tuesday 8-20-2024

TNT:

Tishwash:  This is NOT the WTO   

Trade discusses the mechanism for Iraq's accession to the World Trade Points Federation

 The Private Sector Development Department discussed with the Departments of Foreign Economic Relations and Administrative and Financial Affairs at the Ministry of Trade, the mechanism for Iraq's accession to the Federal Union of World Trade Points, the legal procedures for joining, and the benefits that the Iraqi sectors will obtain.

The Director General of the Department, Ibtihal Hashem, stated in a statement: "The meeting discussed an explanation of the union as an international non-profit organization, which was established under Swiss laws in 2000 and is concerned with managing and developing international trade points in order to activate electronic commerce, in addition to its capabilities to provide small and medium-sized companies with commercial information for member states located in developing and least developed countries."

The meeting also discussed the issue of transforming the electronic trade systems currently operating within the international arena in order to raise the export level of the Iraqi private sector and introduce the outside world to the comparative advantage of Iraqi industries.

The union includes more than 74 countries in its membership, including 6 Arab countries.link 

Tishwash:  Government Advisor: Al-Alaq's upcoming visit to New York will support the protection and stability of the banking system

 The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, confirmed on Saturday that the upcoming visit of the Governor of the Central Bank, Ali Al-Alaq, to ​​New York will support the protection and stability of the banking system, while he pointed out that the file of the sanctioned banks requires negotiation due to the possibility of an error or exaggeration in issuing the decision to sanction them.

Saleh said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the Central Bank is a strategic institution that works to support the value of the dinar and its stability, and to build balances in the Iraqi balance of payments, regularity of payments, and international reserves that support Iraq's foreign trade."

He added, "Due to the rentier nature of the economy, the Central Bank and its reserves have become the feeder and financier of foreign trade for the private sector."

He pointed out that "Iraqi oil sales are in dollars, and are deposited with the US Federal Reserve through an open account in the name of the Central Bank, which is managed by the bank on behalf of the Iraqi government."

He continued, "The upcoming visit of the Governor of the Central Bank, Ali Al-Alaq, to ​​New York City in the United States of America comes to protect the Iraqi banking system and support its stability."

He explained that "the Central Bank, by virtue of its work and responsibility to maintain the financial system of Iraq, must negotiate with the American side regarding the file of the sanctioned banks to alleviate the severity of the deprivation on the banks, as there may be an error or exaggeration that was previously decided to be sanctioned by the American side," stressing that "there is insistence and communication from the Central Bank of Iraq in a good and positive way to protect the Iraqi banking system."

Earlier, the Governor of the Central Bank, Ali Al-Alaq, confirmed in an interview with the Iraqi News Agency (INA), that "there will be meetings held with the Federal Bank and the US Treasury Department at the end of this August to review aspects related to external transfer operations and discuss sanctions on some banks."  link

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

Tishwash:  Economist identifies weaknesses in banking system: 80% of money supply in citizens’ homes – Urgent

Financial and economic affairs expert Alaa Jaloub Al-Fahd revealed today, Sunday (August 18, 2024), a weakness in the Iraqi banking system, while confirming the presence of 80% of the cash mass in citizens’ homes.

Al-Fahd told Baghdad Today, "The amount of cash liquidity pumped into the local market is estimated at the size of annual government spending, and this includes salaries, wages, and others. It constitutes a large percentage and is considered the citizen's purchasing power."

He added that "the rise in income levels after 2003, due to the increase in salaries, led to an increase in purchasing power, and this led to an increase in the level of demand for real estate and other things," indicating that "the rise in real estate prices has nothing to do with the issue of the increase in the citizen's cash liquidity or not, because this increase is dependent on the issue of supply and demand."

Al-Fahd explained that "any increase or decrease in the volume of liquidity is estimated by the size of real spending and the size of savings, considering that the citizen's income is divided between consumption and savings, and the higher the savings rate, the more it is supposed to be exploited economically through investment."

He pointed out that "there is a weakness in the banking system's ability to absorb all the cash available to citizens, as most of this cash is inside homes, far from banks," noting that "the amount of cash available to citizens in homes is estimated at more than 80% of the issued cash mass, and this constitutes a weakness in the banking system, in withdrawing that mass and investing it."

It is noteworthy that financial expert Saleh Al-Masrafi confirmed on Tuesday (August 6, 2024) that Iraq is among the highest countries in the Middle East in the file of hoarding money, while he diagnosed a grave error in the Iraqi banking system .

The banker said in an interview with Baghdad Today, "The accumulations that have continued for many years have pushed citizens to lose confidence in banks and resort to hoarding money in their homes," indicating that "its percentage reaches 70% of financial liquidity, and these are large numbers that indicate that we are among the highest countries in the Middle East in hoarding money ."

He added that "hoarding money in the financial concept is a grave mistake that will confuse the financial process and reduce the government's ability to provide liquidity to pay salaries," explaining that "resorting to electronic payment is a step in the right direction, but the most important thing is withdrawing liquidity, and there are several ways ."

The banker pointed out that "the recent issuance of treasury bonds is a correct decision, but the media propaganda to create a culture of safe investment in the street is very weak, and this is what creates low rates of dealing with them, even though the interest rates are attractive ."

He stressed the "necessity of seeking to expand the circle of withdrawing liquidity from homes and creating a movement of money that contributes to increasing the recovery of investment and granting government loans, especially with the presence of requests that exceed by 5 times the amount of money allocated for loans in any sector, especially housing."   link

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

Tishwash:  It can revive the Iraqi budget.. $14 billion in “losses” due to the halt of Kurdistan’s oil exports

 Oil consultant and expert, Govind Shirwani, revealed today, Monday (August 19, 2024), that the losses from stopping the export of oil from the Kurdistan Region exceeded $14 billion after a year and a half of cessation.

In an interview with Baghdad Today, Sherwani said, “The losses of not exporting the Kurdistan Region’s oil through the Turkish port of Ceyhan exceeded 14 billion dollars, and this is a very large number, and it could have revived the Iraqi budget, which suffers from a lack of liquidity.”

He added, "There are meetings between the Iraqi Ministry of Oil, the Ministry of Natural Resources in the region, and some representatives of foreign companies, but so far there have been no positive indications indicating the resumption of oil exports, but the participation of the three parties in itself is good progress."

Turkey had earlier halted Iraq's exports of 450,000 barrels per day via the oil pipeline that runs from the Kurdistan Region in northern Iraq to the Turkish port of Ceyhan on March 25, 2023.

Turkey's decision to suspend exports came after an arbitration ruling by the International Chamber of Commerce ordered Turkey to pay Baghdad $1.5 billion in compensation for damages caused by the Kurdistan Regional Government exporting oil without permission from the government in Baghdad between 2014 and 2018.

Attempts to restart the pipeline have been delayed by Turkey's presidential election last month and discussions between the Iraqi government's state oil marketing company SOMO and the Kurdistan Regional Government over an export deal that has now been reached.

Among the issues to be resolved is whether Turkey will seek to negotiate the size of the compensation ordered by the International Chamber of Commerce, sources told Reuters earlier.

It also wants outstanding issues in other open arbitration cases to be permanently resolved before it agrees to resume flows, the sources said.

The Kurdistan region is suffering from a cash shortage due to the pipeline shutdown, and Iraqi politicians and Kurdish lawmakers said the region had no choice but to approve the budget, from which it would receive 12.67 percent of the total 198.9 trillion dinars ($153 billion).

The loss in revenue for the Kurdistan Regional Government due to the 80-day oil shutdown amounts to more than $2 billion, according to Reuters calculations based on exports of 375,000 barrels per day, in addition to the historical discount the KRG offers relative to the price of Brent crude.

The pipeline also exported about 75,000 barrels per day of federal crude   link

Mot:  As the UnHappy Parents Drop off da Kids fer School!!!

Mot:  .. ole Julie is getting Finicky as She Seasons!!

Seeds of Wisdom RV and Economic Updates Tuesday Morning 8-20-24

Good Morning Dinar Recaps,

US federal agencies are planning to redefine 'money' to include crypto in reporting rules

Federal regulators aim to treat crypto and traditional currency equally for financial institution reporting.

Key Takeaways

▪️US agencies aim to treat cryptocurrencies as traditional money for reporting purposes.
▪️Final rulemaking on crypto as money expected by September 2025.

Several top US federal agencies are collaborating to revise the definition of “money” to strengthen reporting requirements for financial institutions handling domestic and cross-border cryptocurrency transactions.

The US Department of the Treasury’s semiannual regulatory agenda, released on August 16, reveals an upcoming federal effort to level the regulatory playing field for cryptocurrencies and traditional fiat currency.

The Board of Governors of the Federal Reserve System and the Financial Crimes Enforcement Network intend to revise the meaning of “money” used in the Bank Secrecy Act.

According to the agenda, the agencies aim to ensure that the rules apply to transactions involving convertible virtual currency, defined as a medium of exchange that either has an equivalent value as currency or acts as a substitute for currency, but lacks legal tender status.

 The proposal will also extend reporting requirements to digital assets with legal tender status, including central bank digital currencies.

The final notice of proposed rulemaking is currently scheduled for September 2025, subject to clearance. This move comes as the US government recently shifted approximately 10,000 Bitcoin linked to a dated Silk Road raid on August 14.

In addition to crypto, the Department of Justice is actively amending regulations and legal mandates for artificial intelligence.

 On August 7, the DOJ asked the United States Sentencing Commission to update its guidelines to provide additional penalties for crimes committed with the aid of AI. 

These recommendations seek to expand beyond established guidelines and apply to any crime aided or abetted by simple algorithms.

In June, the US Supreme Court overturned the Chevron doctrine, significantly affecting the SEC’s regulatory authority over crypto policies.

In May, the US Treasury and IRS introduced new tax regulations for crypto brokers, requiring transaction reporting and record-keeping of token costs starting in 2026.

Earlier this month, Senators Wyden and Lummis criticized the DOJ’s treatment of crypto software services as equivalent to unlicensed money-transmitting businesses, highlighting potential conflicts with the First Amendment.

This regulatory push reflects the growing recognition of crypto and digital assets as significant components of the financial system. By aligning reporting requirements for crypto with those of traditional currency, regulators aim to enhance transparency and combat potential illicit activities in the crypto space.

@ Newshounds News™

Source: CryptoBriefing and Federal Register

~~~~~~~~~

IOTA News: Tangle Treasury Implements New Anti-Fraud Measures to Protect Grant Distribution

▪️ The Tangle Treasury has implemented significant improvements in data and financial security, introducing a new anti-money laundering (AML) and counter-terrorist financing (CTF) policy.

▪️ Nicole O’Brien will lead as the AML/CTF officer for IOTA’s Tangle Treasury, overseeing adherence to best practices, improving internal protocols, and training staff.

The IOTA and Shimmer communities received an important update from the Tangle Treasury regarding the enhanced backend improvements.

 The latest advancements currently focus on boosting data and financial security while refining proposal reviews and grant management processes.

Thus, in an effort to mitigate risks associated with fund allocations, the Tangle Treasury unveiled a new counter-terrorist financing (CTF) and anti-money laundering (AML) policy. 

The broader goal here is to safeguard the Treasury’s primary mission of issuing grants to other promising projects while minimizing the risk of the funds falling into the hands of scammers and other malicious players.

These improved screening features will further enhance the Treasury’s operational efficiency while protecting community investments. As we know, the Tangle Treasury has made significant strides in enhancing internal processes while ensuring community funds’ safety.

With its AML and CTF policy, Tangle DAO has also implemented additional protective measures such as conducting rigorous background checks and enhanced know-your-customer (KYC) procedures for all the proponents as well as grant recipients such as proof-of-address, proof of identity, screening against sanction lists from major countries and blocs, as well as checks for politically exposed persons (PEP).

IOTA Tangle Treasury Appoints Nicole O’Brien

In order to oversee all these processes, IOTA’s Tangle Treasury has appointed Nicole O’Brien as its CTF/AML officer. In her role, O’Brien will ensure adherence to best practices, enhance internal protocols and provide training for staff members.

These advancements, along with improved data security, bookkeeping, and the introduction of standard operating procedures (SOPs) for finance administration and grant management, will help boost the Tangle Treasury’s efficiency and professionalism. 

Further updates, including a call for new proposals, will likely come in the coming weeks.

The IOTA Tangle is an innovative form of Distributed Ledger Technology (DLT) specifically created for Web3 while using a unique structure based on directed acyclic graphs (DAG) instead of the conventional blockchain model, per the CNF report.

Recently, IOTA has put a major focus on enhancing trust and security, especially for its Identity wallets, per the CNF report.

Also, the European Identity Wallet seeks to transform the Identity verification process by allowing users to log into websites without passwords while securely sharing verified information with simplicity.

In collaboration with the European Commission, IOTA has introduced a new prototype solution using distributed ledger technology (DLT) in order to boost the management of the intellectual property rights marketplace while allowing users to utilize automated, transparent digital contracts, eliminating the need for traditional negotiations, reported CNF.

 @ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

Cardano Founder Charles Hoskinson Launches $1 Million Bug Bounty Challenge Ahead of the Chang Hard Fork

▪️ Charles Hoskinson, Cardano’s co-founder, has announced a $1 million prize for hackers who successfully breach its newly introduced Lace Paper Wallet.

▪️ At the Rare Evo 2024 event, Hoskinson highlighted the upcoming Chang hard fork and the transition to the Voltaire Era.

Cardano’s (ADA) Charles Hoskinson has announced a $1 million bug bounty challenge to the ADA community pending the implementation of the long-awaited Chang Hard Fork.

Speaking at the recent Rare Evo 2024 event, Hoskinson announced that the newly introduced Lace Paper Wallet would be the object at the center of this challenge, with participants expected to breach its defense. 

The Lace Paper Wallet Bug Bounty Program would run until the end of 2024, or someone successfully breaches its security and retrieves the Non-Fungible Tokens (NFT) inside.

The Web3 wallet was developed by Cardano’s (ADA) parent company, Input Output Global (IOG), with Paper Wallet integrated to beef up its security. According to reports, the added features would enable users possessing PGP keys to use a single encrypted QR code to restore their wallet.

This is, I think, the most secure paper wallet ever generated in the history of our industry.

In a video posted on X on August 17, Hoskinson expressed confidence in the wallet, boasting of its protection against attacks that encourage malicious actors to gain control of private keys to facilitate an authorized transaction.

Hoskinson Highlights Other Updates in the Cardano

At the Rare Evo 2024 event , Hoskinson highlighted the demonstration of the powerful scaling solution, Hydra, featuring the classic game “Doom”.

According to experts, this underscores its capabilities of handling high-throughput, real-time applications. Also, the expected Voltaire Era, which the Chang Hard Fork would introduce, was highlighted.

As we explained earlier, this upgrade would transfer governance controls to the community. According to Cardano’s Emurgo, the first phase was initiated in July 2024 with the next part expected in the fourth quarter of 2024 (Q4 2024).

The Chang Hard Fork is a technical component of the Voltaire era of the Cardano roadmap, which focuses on implementing a sustainable and distributed governance framework. With the first part set to be initiated in July 2024, the next part of the Hard Fork upgrade is set to happen by Q4 of this year.

The second phase would mark the full-force decentralized governance and an exit from the technical bootstrapping phase.

The Delegate Representatives (DReps) are also expected to be introduced as a governance body. In addition to the possibility of the SPOs voting on governance actions, a Constitutional Committee would be online to grow membership above the seven of the interim committee.

Finally, the community will take charge of the Treasury withdrawal.

Cardano users will be able to propose treasury debits via governance actions. The three bodies (Constitutional Committee, DReps, and SPOs) will vote on them, and if approved, ADA will be moved out of the treasury. 

From that point forward, the future of the Cardano blockchain will be in the hands of its community, along with its power to draft and ratify the Cardano Constitution. This will mark a monumental step not only for the network but also for the blockchain industry as a whole, as Cardano will be the first truly distributed and community-run blockchain network.

At press time, ADA was trading at $0.33, having declined by 2% in the last 24 hours.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Tuesday AM 8-20-2024

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. 20 Aug. 2024

Compiled Tues. 20 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Mon. 19 Aug. 2024 Wolverine: “It is Tues. 20 Aug. here in Australia and it looks like it’s going to start today.”

Mon. 19 Aug. 2024 TNT: “On Fri. 16 Aug. they tested the system. On Sat. 17 Aug. because the system was live, they were paying “Front of the Line” people who wanted to be nameless. They said we should get paid out Sunday evening, or Monday morning, but here it is and we wait.

They are still expecting it today. They said it has been completed since Thursday. They hope to be done funding all Central Banks today before we go. People are being paid in the US already. It should be international sometime after two o clock into tomorrow morning Tues. 20 Aug.

I’m hearing people were exchanged at a live rate internationally. All the three letter agencies are saying it has been done since Thursday. They all agree it is a live rate. They say there are Wealth Managers calling clients to tell them they will be funded and liquid today.

 For people in Canada there will not be 800 numbers. The Canadian Bank System is different than the US. In Canada the five major banks will do the exchange. Foreign exchange is the responsibility of the government, not the banks. The banks can restrict smaller branches, but the government is in charge. All five major banks in Canada will be exchanging. In Canada at the time of the RV, contact one of the five major banks to do your exchange.”

~~~~~~~~~~~~

Sat. 17 Aug. 2024: BOOOM!!! A Comprehensive Disclosure of the NESARA/GESARA Global Economic System: Exploring the Benefits of a 100% Gold Asset-Backed Currency, Price Discovery, and… – amg-news.com – American Media Group

Mon. 19 Aug. 2024: Unbelievable! Iran Teams Up with BRICS to Launch the Quantum Financial System! – Gazetteller

Global Financial Crisis:

Mon. 19 Aug. 2024 Central Bankers are Criminal Money Swindlers: the Biggest Fraud Using Counterfeit Money, Peter B. Meyer

Get to know the greatest criminal money swindlers on this planet and learn how it was possible. There is no greater fraud than that perpetrated by central bankers. The Federal Reserve and the ECB have ‘illegally’ acquired a monopoly on money creation and supply control. They can increase or decrease their balance sheet at any time at no cost by buying assets with fake money, which is mostly perpetual government debt.

They have quintupled the adjusted monetary base since 2008 while keeping interest rates close to zero. In other words, they are constantly manipulating the money supply and interest rates while bailing out banks and financing massive government deficit spending.

Money is half of almost every transaction. To manipulate money is to manipulate the whole economic system.

The basic unit of the system is a type of money the world has never had before: the post-1971 fiat dollar and later the euro. It’s paper money – worth whatever people think it’s worth, managed by people who think it should be worth less over time.

The amount of liquid reserves banks have to hold against their loans is now so small that it places “almost no constraint” on the amount of credit the system can and has created.

Banks only have to maintain a certain “capital adequacy ratio”. This limits their lending to a multiple of their equity, the money provided by their shareholders.

Of course, money is only valuable as long as there is not too much of it. The market can absorb a little counterfeit money. But there’s a limit. And that limit has been greatly increased, thanks to (1) A global overcapacity of production, financed by past credit. (2) A huge glut of cheap labor, also largely created by the credit expansion of the past 30 years. Without these two unique circumstances, the irresponsible policies of central banks – QE and ZIRP – would probably have pushed inflation into double digits or even higher.

There’s no need to worry about how much governments can borrow. Central banks buy government bonds – hold them on their balance sheets – return the interest payments – and the whole thing is forgotten. And when those bonds mature, central banks can use the repaid principal to buy more government debt!

In effect, today’s gaggle of Central Bankers are doing something that Central Bankers of the past could only dream of: printing money without causing inflation.

Politicians, too, are enjoying this unique opportunity for recklessness. They will be able to do what no one could do before: borrow money without paying it back.

The public has not yet read about this in the press, but it will soon. However, readers who have understood the money scam explained previously already know that there is no need for governments to repay their loans to central bankers, because the money they lent to governments didn’t come from taxpayers, it came from nowhere, like the rest of the world’s money.

There are two kinds of money in circulation: (1) Money derived from energy is wrongly called ‘fiat money.’ (2) Money derived from NOTHING, created by central banks is ‘debt money’.

~~~~~~~~~~~

MAGA General on Telegram: How About Restored Republic:

No Income Tax
No Tax on Wages
No Property Tax
No Inheritance Tax
No Sales Tax on Used Homes & Items
No Vehicle Registration Fee’s
No Licensing Fee’s
No Tax on Food and Pharmaceuticals
Dissolution of Federal Reserve Banks and IRS
How about returning the money stolen to Retiree’s from SSN
How about a 14-17% National Sales Tax on New Items Only
How about an increase in 61+ Retiree SSN Pmts up to $5,000.00 A MONTH
How about Restitution of Chattel Bonds to people abused by them
How about the Restoration of Common Law
How about the Restoration of the Titles of Nobility Amendment
The end to Admiralty-Civil-Equity Laws.

Read full post here:  https://dinarchronicles.com/2024/08/20/restored-republic-via-a-gcr-update-as-of-august-20-2024/

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

Militia Man  All the calls for Alaq to leave his post - They came at him all week last week.  But guess what, he's still in his position...When they treated his incompetence it's obvious they have an agenda.  They've been...trying to get him gone for over a year and haven't been able to.  It's obvious the US, the US Fed and Al-Sudani feel it's not necessary or they would have probably done it already.

Walkingstick   [Iraqi Bank friend Aki in Michigan]  The monetary reform is very solid.  Things are looking good...What happened with the CBI governor, he's not going anywhere.  The government can't fire Alaq in the same way Maliki fired the governor of the CBI Dr. Shabibi.  Maliki had no authority, he had no right to fire Dr. Shabibi.  Dr. Shabibi went and worked with the US Treasury to make sure the monetary reform plan was completed...

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

Vietnam Currency Up in Value: Can Iraq Do the Same?

Edu Matrix:  8-20-2024

Vietnam Currency Up in Value: Can Iraq Do the Same Vietnam's GDP in the three months ending in June rose 4.14% from a year ago.

https://www.youtube.com/watch?v=rtD-39_RyoU

Seeds of Wisdom RV and Economic Updates Monday Afternoon 8-19-24

Good Afternoon Dinar Recaps,

US federal agencies are planning to redefine 'money' to include crypto in reporting rules

Federal regulators aim to treat crypto and traditional currency equally for financial institution reporting.

Key Takeaways
▪️US agencies aim to treat cryptocurrencies as traditional money for reporting purposes.
▪️Final rulemaking on crypto as money expected by September 2025.

Several top US federal agencies are collaborating to revise the definition of “money” to strengthen reporting requirements for financial institutions handling domestic and cross-border cryptocurrency transactions.

The US Department of the Treasury’s semiannual regulatory agenda, released on August 16, reveals an upcoming federal effort to level the regulatory playing field for cryptocurrencies and traditional fiat currency.

The Board of Governors of the Federal Reserve System and the Financial Crimes Enforcement Network intend to revise the meaning of “money” used in the Bank Secrecy Act.

According to the agenda, the agencies aim to ensure that the rules apply to transactions involving convertible virtual currency, defined as a medium of exchange that either has an equivalent value as currency or acts as a substitute for currency, but lacks legal tender status.

The proposal will also extend reporting requirements to digital assets with legal tender status, including central bank digital currencies.

The final notice of proposed rulemaking is currently scheduled for September 2025, subject to clearance. This move comes as the US government recently shifted approximately 10,000 Bitcoin linked to a dated Silk Road raid on August 14.

In addition to crypto, the Department of Justice is actively amending regulations and legal mandates for artificial intelligence.

On August 7, the DOJ asked the United States Sentencing Commission to update its guidelines to provide additional penalties for crimes committed with the aid of AI. These recommendations seek to expand beyond established guidelines and apply to any crime aided or abetted by simple algorithms.

In June, the US Supreme Court overturned the Chevron doctrine, significantly affecting the SEC’s regulatory authority over crypto policies.

In May, the US Treasury and IRS introduced new tax regulations for crypto brokers, requiring transaction reporting and record-keeping of token costs starting in 2026.

Earlier this month, Senators Wyden and Lummis criticized the DOJ’s treatment of crypto software services as equivalent to unlicensed money-transmitting businesses, highlighting potential conflicts with the First Amendment.

This regulatory push reflects the growing recognition of crypto and digital assets as significant components of the financial system. By aligning reporting requirements for crypto with those of traditional currency, regulators aim to enhance transparency and combat potential illicit activities in the crypto space.

@ Newshounds News™

Source: CryptoBriefing and Federal Register

~~~~~~~~~

IOTA News: Tangle Treasury Implements New Anti-Fraud Measures to Protect Grant Distribution

▪️ The Tangle Treasury has implemented significant improvements in data and financial security, introducing a new anti-money laundering (AML) and counter-terrorist financing (CTF) policy.

▪️ Nicole O’Brien will lead as the AML/CTF officer for IOTA’s Tangle Treasury, overseeing adherence to best practices, improving internal protocols, and training staff.

The IOTA and Shimmer communities received an important update from the Tangle Treasury regarding the enhanced backend improvements. The latest advancements currently focus on boosting data and financial security while refining proposal reviews and grant management processes.

Thus, in an effort to mitigate risks associated with fund allocations, the Tangle Treasury unveiled a new counter-terrorist financing (CTF) and anti-money laundering (AML) policy. 

The broader goal here is to safeguard the Treasury’s primary mission of issuing grants to other promising projects while minimizing the risk of the funds falling into the hands of scammers and other malicious players.

These improved screening features will further enhance the Treasury’s operational efficiency while protecting community investments. As we know, the Tangle Treasury has made significant strides in enhancing internal processes while ensuring community funds’ safety.

With its AML and CTF policy, Tangle DAO has also implemented additional protective measures such as conducting rigorous background checks and enhanced know-your-customer (KYC) procedures for all the proponents as well as grant recipients such as proof-of-address, proof of identity, screening against sanction lists from major countries and blocs, as well as checks for politically exposed persons (PEP).

IOTA Tangle Treasury Appoints Nicole O’Brien

In order to oversee all these processes, IOTA’s Tangle Treasury has appointed Nicole O’Brien as its CTF/AML officer. In her role, O’Brien will ensure adherence to best practices, enhance internal protocols and provide training for staff members.

These advancements, along with improved data security, bookkeeping, and the introduction of standard operating procedures (SOPs) for finance administration and grant management, will help boost the Tangle Treasury’s efficiency and professionalism. Further updates, including a call for new proposals, will likely come in the coming weeks.

The IOTA Tangle is an innovative form of Distributed Ledger Technology (DLT) specifically created for Web3 while using a unique structure based on directed acyclic graphs (DAG) instead of the conventional blockchain model, per the CNF report.

Recently, IOTA has put a major focus on enhancing trust and security, especially for its Identity wallets, per the CNF report.

Also, the European Identity Wallet seeks to transform the Identity verification process by allowing users to log into websites without passwords while securely sharing verified information with simplicity.

In collaboration with the European Commission, IOTA has introduced a new prototype solution using distributed ledger technology (DLT) in order to boost the management of the intellectual property rights marketplace while allowing users to utilize automated, transparent digital contracts, eliminating the need for traditional negotiations, reported CNF.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

Cardano Founder Charles Hoskinson Launches $1 Million Bug Bounty Challenge Ahead of the Chang Hard Fork

▪️ Charles Hoskinson, Cardano’s co-founder, has announced a $1 million prize for hackers who successfully breach its newly introduced Lace Paper Wallet.

▪️ At the Rare Evo 2024 event, Hoskinson highlighted the upcoming Chang hard fork and the transition to the Voltaire Era.

Cardano’s (ADA) Charles Hoskinson has announced a $1 million bug bounty challenge to the ADA community pending the implementation of the long-awaited Chang Hard Fork.

Speaking at the recent Rare Evo 2024 event, Hoskinson announced that the newly introduced Lace Paper Wallet would be the object at the center of this challenge, with participants expected to breach its defense.

 The Lace Paper Wallet Bug Bounty Program would run until the end of 2024, or someone successfully breaches its security and retrieves the Non-Fungible Tokens (NFT) inside.

The Web3 wallet was developed by Cardano’s (ADA) parent company, Input Output Global (IOG), with Paper Wallet integrated to beef up its security. According to reports, the added features would enable users possessing PGP keys to use a single encrypted QR code to restore their wallet.

This is, I think, the most secure paper wallet ever generated in the history of our industry.

In a video posted on X on August 17, Hoskinson expressed confidence in the wallet, boasting of its protection against attacks that encourage malicious actors to gain control of private keys to facilitate an authorized transaction.

Hoskinson Highlights Other Updates in the Cardano

At the Rare Evo 2024 event , Hoskinson highlighted the demonstration of the powerful scaling solution, Hydra, featuring the classic game “Doom”.

According to experts, this underscores its capabilities of handling high-throughput, real-time applications. Also, the expected Voltaire Era, which the Chang Hard Fork would introduce, was highlighted.

As we explained earlier, this upgrade would transfer governance controls to the community. According to Cardano’s Emurgo, the first phase was initiated in July 2024 with the next part expected in the fourth quarter of 2024 (Q4 2024).

The Chang Hard Fork is a technical component of the Voltaire era of the Cardano roadmap, which focuses on implementing a sustainable and distributed governance framework. With the first part set to be initiated in July 2024, the next part of the Hard Fork upgrade is set to happen by Q4 of this year.

The second phase would mark the full-force decentralized governance and an exit from the technical bootstrapping phase. The Delegate Representatives (DReps) are also expected to be introduced as a governance body.

In addition to the possibility of the SPOs voting on governance actions, a Constitutional Committee would be online to grow membership above the seven of the interim committee.

Finally, the community will take charge of the Treasury withdrawal.

Cardano users will be able to propose treasury debits via governance actions. The three bodies (Constitutional Committee, DReps, and SPOs) will vote on them, and if approved, ADA will be moved out of the treasury. 

From that point forward, the future of the Cardano blockchain will be in the hands of its community, along with its power to draft and ratify the Cardano Constitution. 

This will mark a monumental step not only for the network but also for the blockchain industry as a whole, as Cardano will be the first truly distributed and community-run blockchain network.

At press time, ADA was trading at $0.33, having declined by 2% in the last 24 hours.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble
Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

They’re Now Staging A Banking Collapse, Why Did Warren Buffett Sell $50B in Stocks??

They’re Now Staging A Banking Collapse, Why Did Warren Buffett Sell $50B in Stocks??

Atlantis Report:  8-18-2024

Recently, there has been a lot of talk in the financial world about big stock sell-offs by well-known investors, including Warren Buffett.

Often called the "Oracle of Omaha" because of his exceptional investing skills, Buffett's actions in the stock market are closely followed and considered as signs of wider economic trends.

The news that Buffett's company, Berkshire Hathaway, sold off over $50 billion in stocks has caused a lot of discussion in the investment community, leading to speculation about the reasons behind these decisions and what they might mean for the global economy.

In the last several months, Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has sold over $50 billion worth of stocks, including massive chunks of Bank of America and Apple shares. Warren Buffett's recent stock sales are significant not only because of the sheer volume but also because of the companies involved.

 In May, Buffett sold $21 billion worth of Apple stock, and later, in December, he sold another $28.7 billion of other stocks. This follows a sale of $2.3 billion worth of Bank of America stock earlier in the year.

Combined, these sales surpass $50 billion, a staggering amount that has left many financial analysts and investors scratching their heads.

Buffett is not alone in his massive stock sell-off. Jamie Dimon, CEO of JP Morgan Chase, the largest bank in the world, sold $140 million worth of his own stock in the bank. This is notable as it is the first time in his 18-year tenure that he has sold such a significant portion of his holdings.

 Other high-profile CEOs and founders, including Jeff Bezos, Elon Musk, Mark Zuckerberg, and members of the Walton family, have also been selling off large amounts of stock.

https://www.youtube.com/watch?v=Tz0OouNvdi0

“Tidbits From TNT” Monday 8-19-2024

TNT:

Tishwash:  Government Advisor: “Petro Dinar” Requires Good Stock of Foreign Currencies and Gold

The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, explained today, Sunday, that "the adoption of the dinar in pricing oil, or what is called (petro dinar), requires, first of all, the availability of foreign reserve currencies or gold, as Russia did when it purchased Russian oil with gold-backed rubles, which caused problems that we will discuss later."

He added in press statements that "these foreign reserves must be available (as a necessary condition) and operate according to a high standard of efficiency that guarantees the stability of the exchange rate linked to oil (the petro dinar) in order to hedge against oil price fluctuations to ensure the stability of the exchange rate (the petro dinar) itself."

“Linking oil sales to the dinar on a fixed basis with oil prices instead of the foreign reserves base means linking the dinar to the oil asset cycle first, and that oil is sold according to global oil prices. If the exchange rate of the dinar (petrodinar) against the (petrodollar) is fixed, and oil prices fall, then the demand for the dinar for accounting purposes will certainly fall, and the dinar will be exchanged for oil in larger quantities and the demand for the (petrodinar) will be lower, and vice versa,” he added.

He pointed out that "any deviation between oil prices (petrodollar) and the exchange rate (petrodinar) according to international market data will be considered a cost that requires compensation by paying fewer dinars or collecting a higher dinar in the opposite case," indicating that "international reserve currencies are foreign currencies held by central banks and global financial institutions as part of their cash reserves. These currencies are used in international transactions and settling debts between countries, and are a standard for international payments and facilitating global trade."  link  

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

Tishwash:  Parliament falsifies the budget again.. Al-Mandlawi may lose his position!

 MP Basem Khashan confirmed the possibility of terminating the membership of the acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, if the charges of tampering with the budget tables that were recently revealed by the Prime Minister’s Office are proven, noting that the parliament committed legal violations in amending the budget tables and they were on their way to being published and implemented had it not been for the government’s scrutiny, indicating that many MPs were subjected to deception in this file.

The Council of Ministers had spoken of an increase of 15 trillion dinars in the last tables, and it was not included in the agreement, discussions and voting, requesting a re-audit.

Khashan said, in an interview with the media figure Ahmed Mulla Talal:

The budget tables sent by the Council of Ministers were changed and their allocations were manipulated in the House of Representatives in an illegal manner.

The forged schedules would have been published and implemented had it not been for the Cabinet's scrutiny.

Most of the budget schedules have been changed, and the process has been carried out by ignoring a large number of parliamentarians.

The legal violations committed by the House of Representatives in amending the budget tables are countless and are considered a major crime.

The funding for the ration card basket has been increased to 5 trillion dinars for contracts that include major problems.

Manipulation and alteration operations can be legally classified under the crimes of alteration with the intent to defraud, regardless of the size of the amounts and figures that were manipulated.

The acting Speaker of the House of Representatives is responsible for tampering with the budget tables sent to the Cabinet.

The Federal Court can terminate Mohsen Al-Mandalawi’s membership, if the charges of manipulation are proven.  link

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

Tishwash:  Iraq: Qusay Shafiq reveals major financial scandals and demands investigation

Public money scandals continue in Iraq

 Dr. Qusay Shafiq, a well-known activist on social media, sparked widespread controversy after revealing huge financial scandals related to the management of public funds in Iraq. He accused the government and parliament of manipulating the financial budget tables, wondering about the fate of tens of billions of dollars that were not spent transparently.

Shafiq referred in a tweet on the “X” website to what he described as the “theft of the century,” which the Integrity Commission estimated at $2.5 billion, equivalent to 4 trillion Iraqi dinars. However, he expressed his surprise at the large gap between this figure and the ongoing corruption in manipulating the budgets of recent years, as he revealed that the manipulation of the 2024 budget tables reached about $10 billion.

In a related context, Shafik touched on the Food Security Law, noting that about $20 billion has been allocated to it, but he wondered about the entities that monitored the disbursement of this money, stressing that the Ministry of Finance and the Central Bank have not received any of this money so far. He added, “$10 billion was spent on infrastructure projects, but where did the remaining $10 billion go?”

Shafik discussed the budgets of previous years, including the budgets of 2014, 2020, 2022, and 2023, noting that no funds were disbursed to the governorates from the 2023 budget. This raised questions about how the authorities deal with public funds, especially in light of the Central Bank’s report, which indicated that the cash reserve had not increased despite the significant rise in oil prices due to regional conflicts.

Qusay Shafiq concluded his statements by calling for a comprehensive investigation into previous financial deals, stressing that the people’s money is a trust that must be preserved. These statements come at a time when Iraq is witnessing increasing pressure from citizens and international observers, who are demanding greater transparency and accountability in the management of public funds.

Shafiq's statements are a strong call for regulatory bodies and government authorities to take urgent action to curb corruption and clarify the fate of the allocated funds, as the Iraqi people await answers on how their financial wealth is managed.  link

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

Tishwash:  Urgent In numbers.. The Central Bank buys dollars from the Ministry of Finance in an unprecedented move since 2003

An economic expert revealed an “unprecedented” figure for the value of the dollars purchased by the Central Bank of Iraq from the Ministry of Finance during the month of July.

The Central Bank of Iraq purchased $9.6 billion from the Ministry of Finance in July 2024, the highest value since the bank began purchasing dollars from the ministry in 2003," Manar Al-Obaidi said in a statement received by {Euphrates News}.
He added, "The purchases did not exceed this value during the past ten years except once in October of last year, at $10 billion."

Al-Obaidi explained, "Thus, the rate of dollar purchases from the Central Bank for the year 2024 has reached $5.9 billion per month, the highest over the past ten years, with an annual growth rate of 10%. The growth rate had previously risen in 2023 to 20%."

He attributed "this increase in purchases to the Ministry of Finance's need for local currency to cover its increasing expenses over the past years, especially with the increase in operating spending and raising the level of spending in the 2023, 2024 and 2025 budgets."

Al-Obaidi expected that "this rate will rise in the coming months with the Central Bank's inability to meet the need for Iraqi dinars, which may force it to increase the issued monetary mass to meet the ministry's expenditure needs."  link

Mot:  . Better safe than sorry 

Mot: pickles loves cheese

News, Rumors and Opinions Monday AM 8-19-2024

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. 19 Aug. 2024

Compiled Mon. 19 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Sat. 17 Aug. 2024 Wolverine: “It’s all coming through this next week. 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.

Wolverine cont…….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.”

~~~~~~~~~~

Sat. 17 Aug. 2024 Free and Easy Missouri on Telegram Fri. 16 Aug. 2024: On Fri. 16 Aug. we were told it would go between 12 noon and 12 midnight. It did go through so you know some people got paid yesterday. Banks were putting it in to make sure it would go. This morning Sat. 17 Aug. there are people getting paid. Certain people have privileges that you don’t have yet. Some will be elevated there by Mon. 19 Aug. Should have 800#s tonight after 5 pm. The system is live and it’s working. If not tonight, then we’ll start tomorrow morning.

Fri. 16 Aug. 2024 TNT Tony: “The system is live and working. People high up exchanged Thurs. 15 Aug. and Fri. 16 Aug. The system is working. We are hours maybe a day away. Iraq officially RV’d with a Rate of $3.19, Contract Rate $28.50 after Banks closed 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.”

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. 

Sat. 17 Aug. 2024: BOOOM!!! A Comprehensive Disclosure of the NESARA/GESARA Global Economic System: Exploring the Benefits of a 100% Gold Asset-Backed Currency, Price Discovery, and… – amg-news.com – American Media Group

~~~~~~~~~~

Global Financial Crisis:

Sat. 17 Aug. 2024 Yesterday, 53 years ago, the United States temporarily suspended the dollar’s convertibility to gold. The world is still waiting. Today, we witnessed history. Interesting coincidence.https://x.com/goldtelegraph_/status/1824637729361006968?s=46

Sat. 17 Aug. 2024 Rite Aid Shuts Down All Stores in Two States, Leaving Tens of Thousands Scrambling for Essential Medications. Rite Aid has announced the closure of all its stores in Michigan and Ohio, following a staggering total of over 856 store closures since filing for Chapter 11 bankruptcy in October 2023. https://www.thegatewaypundit.com/2024/08/rite-aid-shuts-down-all-stores-two-states/

Sat. 17 Aug. 2024: Iranian banks hit by MAJOR CYBERATTACK after Supreme Leader Ayatollah Ali Khamenei promised retaliatory attack against Israel https://www.newstarget.com/2024-08-16-iranian-banks-hit-by-major-cyberattack.html

Read full post here:  https://dinarchronicles.com/2024/08/19/restored-republic-via-a-gcr-update-as-of-august-19-2024/

***********

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

Mnt Goat   Article quote:   “that the government is demanding guarantees for non – substituent currency back to the markets”.  This means the reinstatement back to the FOREX trading markets. The CBI wants guarantees that once they begin the process of the Project to Delete the Zeros, it will go all the way to the reinstatement. So is this not what my CBI contact also told us?

Militia Man  Just because you've been in it 20 years doesn't mean anything to me.  I love you and I care about that.  I respect it but if you're down and out all the time and you're saying, 'I've heard this before.' It's not true.   Don't lie to yourself.  All this data we're having right now is fresh.  It's new.  It's totally different than it was 20 years ago, 10 years ago, since Sudani got in office...Everything we're showing is in black and white. A lot of people out there have a darn good idea that change is coming...

WARNING: Banks Are Preparing for an Imminent Banking Crisis as Property Foreclosures Soar

Lena Petrova:  8-18-2024

https://www.youtube.com/watch?v=K5L_8P9AQJA

ANOTHER Recession Indicator Has Been TRIGGERED!

Lynette Zang:  8-17-2024

In today's video we are talking about the SAHM rule being triggered due to the recent rise in unemployment and what that means for you and your money...

https://www.youtube.com/watch?v=APZ5QkP4uPc

Seeds of Wisdom RV and Economic Updates Monday Morning 8-19-24

Good Morning Dinar Recaps,

U.S. Government’s Crypto Holdings: Everything You Must Know

Arkham Intelligence shows that a wallet tied to the U.S. government is sitting on a hefty stash of cryptocurrency. A massive fortune can heavily influence the markets, and we have previously seen how the German Government’s Bitcoin sell-off affected the markets. Amid the political drama and crypto confusion, let’s find out how much the U.S. Government holds.

When we say hefty, think 203,200 BTC, which clocks in at roughly $12 billion, along with 50,200 ETH, worth around $130 million. On top of that, the address holds 750.7 wBTC, valued at about $44.41 million, plus a variety of other tokens. Altogether, the total value of the assets is estimated to be around $12.4 billion.

Jackson Hole Symposium

@ Newshounds News™

Read More:  https://telegra.ph/Jackson-Hole-Symposium-08-19

~~~~~~~~~

Mastercard to cut around 1000 jobs - Bloomberg

@ Newshounds News™

Source:  https://telegra.ph/Mastercard-to-cut-around-1000-jobs---Bloomberg-08-19

~~~~~~~~~

Jackson Hole Economic Policy Symposium The 2024 Economic Policy Symposium. "Reassessing the Effectiveness and Transmission of Monetary Policy," will be held Aug. 22-24.

@ Newshounds News™

Source:   https://telegra.ph/Jackson-Hole-Addressing-policy-challenges-and-marking-milestones-08-19

  ~~~~~~~~~

Crypto Market Jitters Amid Political Drama

This discovery comes at a rather tense time, with the U.S. political landscape adding more fuel to the already unpredictable crypto market. Vice President Kamala Harris has thrown her support behind the digital currencies, echoing the vision of the Democratic President-Elect.

But here’s the kicker: the current administration doesn’t seem to be on the same page. The government’s recent $2 billion crypto sell-off has stirred the pot, contradicting the pro-crypto stance many expected.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

Dubai court recognizes crypto as a valid salary payment

UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions.

In a significant update to the United Arab Emirates’ judiciary approach to crypto, the Dubai Court of First Instance recognizes salary payments in crypto as valid under employment contracts.

Irina Heaver, a partner at UAE law firm NeosLegal, explained that the ruling in case number 1739 of 2024 shows a shift from the court’s earlier stance in 2023, where a similar claim was denied because the crypto involved lacked precise valuation.

Heaver believes this shows a “progressive approach” to integrating digital currencies into the country’s legal and economic framework.

Dubai court recognizes inclusion of tokens in salary

Heaver said that the case involved an employee who filed a lawsuit claiming that the employer had not paid their wages, wrongful termination compensation and other benefits.

The worker’s employment contract stipulated a monthly salary in fiat and 5,250 in EcoWatt tokens. The dispute stems from the employer’s inability to pay the tokens portion of the employee’s salary in six months.

In 2023, the court acknowledged the inclusion of the EcoWatts tokens in the contract. Still, it did not enforce the payment in crypto, as the employee failed to provide a clear method for valuing the currency in fiat terms.

“This decision reflected a traditional viewpoint, emphasizing the need for concrete evidence when dealing with unconventional payment forms,” Heaver said.

However, the lawyer said that in 2024, the court “took a step forward,” ruling in favor of the employee and ordering the payment of the crypto salary as per the employment contract without converting it into fiat. Heaver said:

“This decision reflects a broader acceptance of cryptocurrency in employment contracts and highlights the court’s recognition of the evolving nature of financial transactions within the Web3 economy.”

Heaver added that the court’s reliance on the UAE Civil Transactions Law and Federal Decree-Law No. 33 of 2021 in both judgments shows the consistent application of legal principles in wage determination. 🍳

Far-reaching implications for UAE crypto adoption

According to Heaver, the decision also sets a positive precedent that encourages the further integration of digital currencies in everyday financial transactions. The lawyer believes that this fosters a more inclusive and innovative business environment. Heaver said:

“This ruling affirms that if an employment contract includes such terms, both the company and the employee must honor them. It is reassuring to see the court recognize that wages, whether paid in fiat or cryptocurrency, are the rightful entitlement of the employee for their agreed-upon work.”

Heaver added that it’s a win for employees and a significant step forward in the UAE’s journey toward becoming a digital economy leader.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble
Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps