“Tidbits From TNT” Saturday 9-7-2024

TNT:

Tishwash:  Urgent  Baghdad and Washington agree on a plan for the withdrawal of international coalition forces

Reuters news agency reported that the United States and Iraq agree on a plan for the withdrawal of international coalition forces from Iraq.

Reuters said, "The understanding between America and Iraq will witness the departure of hundreds of soldiers by September 2025."

She pointed out that "the understanding between America and Iraq stipulates the withdrawal of all forces in 2026."  link

Tishwash:  Approval of a plan to introduce solar energy systems to homes in Iraq

Prime Minister Mohammed Shia Al-Sudani chaired a meeting on the electricity sector today, Thursday (September 5, 2024), during which a plan was approved to introduce solar energy systems to homes in Iraq.

The Prime Minister's media office said in a statement received by "Baghdad Today" that "Al-Sudani chaired a special meeting to improve the electricity situation, in which the plans, programs and treatments prepared by the Ministry of Electricity and the authorities concerned with this sector were discussed."

He added, "During the meeting, a plan was approved to introduce the solar energy system to homes, through contracting with solid companies to reduce the loads on the electrical grid system. The Ministry of Electricity's plan for generation, transmission and distribution in the long term was also discussed, in addition to its plan for next summer, for which the necessary allocations were approved, and its implementation will begin now."

He stressed that "during the meeting, the economic model for purchasing electricity was approved, which came after several meetings and the follow-up of the Prime Minister and his guidance with the participation of the (KBR) company, which represents the advisory body to the government, in order to study it and submit recommendations regarding it."  link

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Tishwash:  Three times more... Investment Authority announces increase in investment volume to $69 billion

Chairman of the National Investment Commission, Haider Makiya, announced today, Friday, an increase in the volume of investments achieved during a year and a half, while indicating that the amount reached 69 billion dollars, and explained the details of the largest environmentally friendly city in Baghdad.

"The volume of investments achieved by the Authority since the beginning of 2023 until mid-2024 amounted to $69 billion," Makiya told the Iraqi News Agency (INA), noting that "this number is the largest achieved by the Authority since its establishment until the beginning of 2023, which did not exceed $25 billion, achieving an increase of three times this amount."

He added that "the Authority is working continuously and seriously to consolidate the idea of ​​(productive investment), which represents a purposeful message to achieve in various economic sectors instead of merely setting a specific vision and seeking to provide the necessary implementation tools for it, which gives the Authority greater flexibility in controlling the type of investments, the extent of the need for them, and their feasibility," noting that "there are a number of successful investment models that the Authority is currently working on, including the (Sustainable Baghdad Forests) project, which is implemented on an area estimated at 700 dunums, and qualifies it to be one of the largest environmentally friendly cities and the largest residential cities in Baghdad, with an investment volume of up to one and a half billion dollars."  link

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Tishwash:  Saleh: 70% of the market and the private sector are {gray} and evade paying taxes

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the existence of a “grey market” that accounts for nearly 70% of the market or private sector activity, “indicating that this percentage evades paying legal taxes.”

Saleh said in a press statement, "Taxes constitute in total about (25) percent of the gross domestic product in developed countries, while in Iraq they do not exceed (4) percent due to tax evasion, as the gray market, which is not known to the tax authorities, constitutes a percentage close to (70) percent of the market or private sector activity."

He added, "While negative taxes, which are cash income subsidies paid to the poor class, constitute (5) percent of the annual gross domestic product, and this constitutes the tax defect that compensates for the difference between the type of tax with the revenues of oil rents."  link

Mot:  Happy International Dog Day!

Mot: . Amazing Ad She Wrote... 1500 guys Responded!! 

Seeds of Wisdom RV and Economic Updates Saturday Morning 9-7-24

Good Morning Dinar Recaps,

BRICS SUMMIT 2024: 54 NATIONS TO ATTEND, DITCHING THE US DOLLAR – IS BITCOIN ADOPTION NEXT?

▪️The BRICS summit for 2024 is gaining momentum, with about 54 nations likely to attend.

▪️Bitcoin might take center stage as the group explores an alternative currency in an aggressive de-dollarization push.

About 54 nations are set to attend the highly anticipated BRICS 2024 Summit scheduled for next month. A major discussion at the event would focus on reducing US dollar trade settlements within the group. This has raised questions about the adoption of Bitcoin (BTC) among BRICS member countries.

This bloc is an intergovernmental organization with Brazil, Russia, India, China, and South Africa as its founding members.

Expectations of BRICS Expansion

Market participants are highly anticipating an expansion announcement from BRICS, just like it did in the BRICS 2023 Summit. As noted in our previous report, the economic group welcomed UAE, Egypt, Ethiopia, and Iran in January, bringing the total number of member countries to nine.

Notably, the BRICS Group’s first attempt at expansion was in 2010, when it welcomed South Africa as a member. With 54 countries expected to attend the BRICS Summit this year, a similar expansion could take place. Russian aide Yury Ushakov said 36 heads of state have received invitations, while 18 nations have already confirmed they will attend.

Compared to 2022, the BRICS group has grown into a key economic collective on a global scale. With a key event on the horizon, the group’s influence has amplified further this year. While 2023’s summit had the most historic announcement, this year’s event is set to be the biggest in the Bloc’s history.

Officials have praised the preparations for the upcoming event. Ushakov stated,

We are satisfied with the way the perpetration [for the summit] is going. The preparations are indeed serious, as the event is of an unprecedented scale.

Notably, talks about expansions have also been going on, with many countries expressing interest in joining the economic group. As discussed earlier, almost 30 countries expressed interest in joining the group in January. This has only increased over the previous eight months, highlighting the group’s growing influence on economic, political, and security collaboration.

BRICS De-dollarization Efforts With Blockchain

The upcoming event could have an unprecedented impact on global finance as the BRICS bloc has been actively working towards de-dollarization. A recent update we covered shows that the group has been developing its BRICS Pay system.

The blockchain-based payment system is set to be the global south’s answer to the West’s SWIFT. Market players think the system could finally debut at the upcoming summit.

As more nations move away from the US dollar’s dominance, BRICS may contemplate embracing Bitcoin. The digital asset is largely decentralized and inclusive of all investors without discrimination, which makes it a good fit for the BRICS.

The approval of spot Bitcoin exchange-traded funds (ETFs) in the United States has further strengthened Bitcoin’s position as an asset class. Therefore, integrating Bitcoin into the new BRICS payment system could be a major topic at the BRICS 2024 Summit.

@ Newshounds News™

Source:  Crypto News Flash

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US SEC TARGETS CRYPTO MARKET AGAIN, REVOKES SECURITIES LICENSE OF CRYPTO LENDER

The US SEC has revoked the securities license of a crypto lender for non-compliance with reporting requirements, sparking concerns of regulatory overreach in the crypto market.

▪️US SEC revokes Salt Blockchain's securities license due to non-compliance with reporting rules.

▪️SEC claimed that the crypto lender failed to file periodic reports since December 31, 2021.

▪️Regulatory action sparks concerns about SEC's regulatory overreach in the crypto market.

▪️Expert predicts increased enforcement actions by SEC near fiscal year-end.

The US SEC has once again targeted the digital assets sector, with the latest regulatory actions against crypto lender Salt Blockchain. The agency has revoked the securities license of the crypto lender, sparking discussions in the market. It’s worth noting that the regulatory body has received heavy backlash from the crypto community recently, claiming the regulatory overreach of the agency.

US SEC Revokes Salt Blockchain’s Securities License

The US SEC has recently disclosed in a report that it has revoked the registration of securities for Salt Blockchain. The move against the Delaware-based crypto lender comes as the firm failed to comply with legal report requirements, the report showed.

The order states that the company hasn’t filed periodic reports since December 31, 2021, which violates Section 13(a) of the Securities Exchange Act of 1934, along with other rules. Notably, this non-compliance with reporting requirements has led the agency to impose sanctions, ultimately revoking the firm’s securities license.

Meanwhile, Salt Blockchain had previously faced regulatory hurdles in 2020, but it appeared that the firm has resolved those issues. Besides, the company has even explored potential buyers at a point. However, the latest regulatory action highlights the firm’s ongoing compliance struggles.

Meanwhile, the revocation became effective on September 6, 2024, and marks a significant setback for Salt Blockchain as it navigates the regulatory landscape.

Notably, the order showed that Section 12 (j) of the Securities Exchange Act grants authority to the agency to suspend to freeze a securities license if an issuer fails to maintain the legal requirements.

Crypto Market Remains On Edge

The SEC’s latest action against Salt Blockchain has stirred debates about the agency’s regulatory approach toward the crypto sector. Critics argue that the SEC’s enforcement strategy is too aggressive, potentially stifling innovation and growth within the digital assets market.

Many in the crypto community view these actions as part of a broader pattern of regulatory overreach. Notably, the agency has recently faced heavy criticism for issuing a Wells Notice against OpenSea, targeting NFTs.

In addition, Jake Chervinsky, Chief Legal Officer of VariantFund, noted that enforcement actions by agencies like the US SEC and CFTC could intensify as their fiscal year-end approaches on September 30. Chervinsky suggested that regulatory bodies often increase enforcement activities near fiscal deadlines to bolster performance metrics for budgetary reviews. In a recent X post, the CLO said:

“It’s typical in September to see a flurry of enforcement actions as they shore up their performance reports and budget requests for Congress.”

@ Newshounds News™

Source:  CoinGape

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ANALYSTS BELIEVE TOKENIZATION SOLVES GLOBAL TRADE FINANCE ISSUES

▪️Tokenization can solve global trade finance issues, say major financial analysts.

▪️It simplifies financing, increases liquidity, and reduces transaction costs.

▪️Efforts like MakerDAO's competition promote tokenization despite adoption challenges.

Analysts from major financial institutions believe tokenization will significantly solve global trade finance issues. According to stakeholders from Standard Chartered and HSBC, tokenization will make financing options more accessible for interested organizations.

HSBC Global Trade Solutions Product Manager Bhriguraj Singh recently stated in an interview that tokenization would be directly beneficial for these companies and trade finance providers.

According to Singh, tokenization will simplify financing and distribution in global trade processes, which could make banks and other companies more liquid.

Tokenization and Trade Finance Gap

Tokenization is the process of representing real-world assets (RWAs) or data on a blockchain. This process increases liquidity and improves accessibility. 

By converting assets into tokens on a blockchain, tokenization speeds up trade transactions and reduces transaction costs due to the absence of intermediaries.

 Steven Hu, Head of Digital Assets, Trade, and Working Capital at Standard Chartered, believes blockchain technology will optimize financial services and make credit facilities more accessible.

The trade finance gap refers to the difference between import and export demands and the corresponding approvals. According to the Asian Development Bank (ADB), this gap worsened by 29.4% in 2022, reaching $2.5 trillion from $1.7 trillion in 2020. Estimates predict this figure will rise to $36.2 trillion by 2030.

“Imagine a future where the trade finance element is structured within a digital token and can be freely traded in secondary markets. This will turn into a new potential business model based on fees.” – Steven Hu

Advantages of tokenization include expanding a company’s target audience and making it easier to invest in unfamiliar markets. Additionally, it significantly reduces the transaction process, allowing companies to transfer securities and make instant payments via blockchain. Otherwise, this process could take several days.

While Steven Hu praises the benefits of tokenization, he also noted that a lack of expertise could delay its adoption.

Ongoing Efforts

While widespread adoption of tokenization may take time, efforts are already underway by various stakeholders. For instance, in July, MakerDAO announced a tokenization competition for innovators looking to introduce related products.

MakerDAO’s Spark Tokenization Grand Prize plans to include $1 billion worth of tokenized real-world assets (RWA) into the decentralized finance (DeFi) ecosystem. The competition prioritizes proposals aligned with MakerDAO’s Spark ecosystem and focuses on those with high liquidity and competitive pricing potential.

The judging panel includes renowned platforms such as Steakhouse Financial and Phoenix Labs, which will evaluate the submitted proposals. After selecting several finalists, MKR token holders will vote to determine the ultimate winner.

Tokenization has the potential to narrow the global trade finance gap. HSBC and Standard Chartered officials state that this technology will optimize financial services and make credit facilities more accessible. However, the lack of expertise and the process of widespread adoption may take time.

Meanwhile, organizations like MakerDAO are undertaking various initiatives to promote tokenization. These processes should be closely monitored, and developments should be carefully followed.

@ Newshounds News™

Source:  CoinTurk News

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STAKING REWARDS TO HOST WORLD’S LARGEST STAKING SUMMIT IN BANGKOK NOVEMBER 8–9, 2024

Crypto staking explorer Staking Rewards has announced that its international staking conference is returning for its third consecutive year.

The two-day summit will be hosted in Bangkok, Thailand, from November 8-9, 2024, uniting key participants in the global staking industry to provide insights and innovations that will shape the future of PoS (proof-of-stake).

Set to be hosted at the Siam Kempinski Hotel in Bangkok, the 2024 Staking Summit promises to be the largest event of its kind.

Over the course of two days, delegates will hear keynotes, panel discussions, fireside chats and participate in workshops that illuminate the latest industry developments across the multi-chain landscape.

Topics such as Bitcoin staking, restaking, LSTfi, validators, home staking and emerging PoS chains will be among the many themes up for debate during a conference that covers every aspect of the multi-billion dollar staking industry.

@ Newshounds News™

Read more:  Daily Hodl

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HOW GENERATIVE AI IS TRANSFORMING BANKING  |  Youtube

@ Newshounds News™

Source:  Currency Facts

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CBI Bank's High Stakes NYC Negotiations  |  Youtube

@ Newshounds News™

Source:  Currency Facts

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STOCK MARKET CRASH SILVER'S NEXT MOVE!  |  Youtube

@ Newshounds News™

Source:  Currency Facts

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TRUMP'S BOLD PLAN TO SAVE THE DOLLAR!  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Saturday AM 9-7-2024

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 fro the Restored Republic via a GCR: Update as of Sat. 7 Sept. 2024

Compiled Sat. 7 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Fri. 6 Sept. 2024 TNT Update: The rates are still live. All kinds of meetings yesterday . Everyone says it’s going to happen by Monday. Some believe this evening.

Fri. 6 Sept. 2024 Wolverine: We are there – at the finish line. This should be our weekend. Anytime after 5 pm and before Sunday. Things are happening now as you don’t see it. Huge platforms have been completed and in a few days they are going to get paid.

A lot of bond holders and foundations have received their notification and are flying to Reno or to their respective platform. The Precatorias still have not been released yet. The report of the Precatorias having been released to its Brazilian people was disinformation. The EBS is imminent as I spoke to a contact in New York and he has assured me that there are military presence in New York and there is huge hotel where most military are staying. This is not only in New York but in various cities in USA.

Fri. 6 Sept. 2024: QFS NEWS: All Banks are Transitioning Over Into the QFS – Start Getting Hold of the ISO 20022 XLM and XRP – 8 Billion People Will Inevitably Transition to the QFS – amg-news.com – American Media Group

Tues. 3 Sept. 2024: BRICS Pay Blockchain System to Launch Next Month? – BRICS news (brics-news.com)

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Global Financial Crisis:

Fri. 6 Sept. 2024 Bitcoin. Market Crash. Goldman Sachs: https://www.forbes.com/sites/digital-assets/2024/09/05/goldman-sachs-issues-huge-fed-crash-warning-as-a-legendary-trader-suddenly-flips-his-bitcoin-price-prediction/

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Quantum Financial System QFS

This is the Great Financial Shift leading to a new Quantum Financial System that can only contain true asset-backed currency. An asset-backed digital currency qualifies as a “currency.”

All currencies will be “Asset Backed” in each country. This could be gold, silver, platinum, oil, precious metals or any other major asset that the country has.

Only two cryptocurrencies will be backed by gold – XRP and XLM!

All others, not backed by assets, will disappear by the end of 2024.

Quantum software and computers make the system the most secure on the planet and impossible to hack.

All banking transactions will eventually be conducted in QFS.

Banks as we know them will change dramatically.

QFS will hold all money in “Digital Form”, although it will still be asset-backed.

All money transfers (moves) will contain at least 50 movement records, which will be stored in milliseconds simultaneously on six main surface server farms.

All cash movements are kept in permanent records. So there is NO fraud or criminal activity that cannot be traced.

All people will have a “digital wallet” account with QFS rather than with a bank. This digital wallet is 100% secure.

You can use your “Debit Card” directly from this account.

You can transfer money with 100% security to any bank account, country, citizen anywhere in the world.

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Fri. 6 Sept. 2024 Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency

The collapse of the fiat system has been a long time coming. Historically, fiat money, which lacks intrinsic value, became the global standard in the 20th century. This shift allowed governments and central banks to print money freely, unbound by the tangible value of precious metals. Over time, this led to rampant inflation, economic bubbles, and numerous financial crises. The 2008 financial crisis, fueled by reckless lending practices and inadequate oversight, exposed the vulnerabilities of the fiat system. Governments responded by printing even more money, further eroding the value of currencies and deepening the crisis of confidence.

In the wake of the 2008 crisis, digital currencies like Bitcoin emerged, offering a decentralized alternative free from the grip of central banks and government control. However, these digital currencies were not without their own issues-high volatility, lack of intrinsic value, and associations with illigal activities limited their ability to truly replace the flawed systems they sought to disrupt.

Enter the USN US Note, a new currency that promises to bridge the gap between the stability of traditional assets and the innovation of digital finance. As the sun rises over the horizon, casting its golden hue across the land, the USN US Note emerges like a phoenix from the ashes of a broken financial system. This currency is more than just a means of exchange; it is a symbol of financial redemption, a return to an era where money was backed by real value-gold. The USN US Note, backed by the Quantum Financial System (QFS) and the undeniable value of gold, stands as a beacon of hope against the backdrop of economic despair and deceit that has plagued us for generations.

For far too long, our financial systems have been mired in deceit, and instability. The fiat currency system, with its lack of intrinsic value, has led us down a path of endless debt and economic uncertainty. Central banks, with unchecked power, have manipulated markets, eroded savings, and fostered financial inequality. But now, with the advent of the USN US Note, there is a bold departure from this flawed past.

At the core of the USN US Note’s promise is the Quantum Financial System (QFS), a revolutionary financial network that utilizes quantum computing technology to ensure the highest levels of security, transparency, and efficiency. Unlike traditional financial systems, which are susceptible to hacking, fraud, and manipulation, the QFS is virtually impenetrable. It guarantees that every transaction is secure, transparent, and immutable, restoring trust in our financial systems.

The cornerstone of the USN US Note is its gold backing. Each note is backed by a specific amount of gold, ensuring that it retains intrinsic value. This gold-backed stability provides a safeguard against inflation, making the USN US Note a reliable store of value. It embodies a time-honored principle: money should be grounded in real, tangible assets. By merging the stability of a gold-backed currency with the efficiency and transparency of digital systems, the USN US Note addresses the shortcomings of both fiat and digital currencies.

This new currency represents not just a financial instrument but a revolution in how we perceive and interact with money. The USN US Note, underpinned by the QFS, is set to redefine the future of finance, offering stability, transparency, and true economic redemption. A new era in finance has dawned, bringing with it the promise of a stable and prosperous future.

Read full post here:  https://dinarchronicles.com/2024/09/07/restored-republic-via-a-gcr-update-as-of-september-7-2024/

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

Frank26  Article:  "The Central Bank of Iraq reveals the mechanism for ending the electronic platform"  IRAN... SAY BYE BYE TO YOUR CASH COW AND MOOOVE OVER!  Quote: "During the year 2024 and until now, 95% of the transfer process from the electronic platform to the correspondent banking mechanism directly between it and Iraqi banks has been achieved"   MONETARY REFORM HAS BEEN ACHIEVED!

Militia Man   Who is at the helm of the Central Bank of Iraq?  He [Alaq] got a lot of bad press recently.  People were trying to get rid of him.  He's probably doing such a good job they didn't like it and they wanted him out because the cash cow which is the parallel market makes them billions and they aren't going to have that anymore.  That time Is over.

BRICS Shocked the Western World: What's Going on?

Fastepo:  9-6-2024

Countries in the BRICS alliance and other Global South nations have increasingly expressed discontent with the United Nations, citing several prominent issues.

 At the forefront is the disproportionate sway that Western powers hold over key international organizations and decision-making forums. These nations argue that the current UN framework fails to properly represent their interests and perspectives, leading to demands for a more equitable and democratic global structure.

 At a recent BRICS summit, member nations called for extensive reforms within the UN, with a particular focus on enhancing the role of emerging economies.

One of their primary concerns is the composition of the Security Council, alongside the need to revisit the veto power held by its permanent members.

This growing dissatisfaction has fueled calls for comprehensive reform or even a total restructuring of the UN, aiming to create a more balanced and representative system of international governance. In this analysis, we will delve into the key reforms being proposed and the motivations driving these changes.

https://www.youtube.com/watch?v=k2--oLOTWRk

More News, Rumors and Opinions Friday PM 9-6-2024

MikeCristo8: China and Russia are Now Ready to use the Gold-Backed Unit

Thursday, 5 September 2024

MikeCristo8   @MikeCristo8

China is now a consumption economy.

Arnaud Bertrand: This is huge: China announces that they'll "give all Least Developed Countries (LDCs) having diplomatic relations with China, including 33 countries in Africa, zero-tariff treatment for 100 percent tariff lines". This means zero-tariff on all products or goods exported to China… Show more

China is shorting oil in dollars before the gold currency launch.

Russia has already bought the gold.

They’re just suddenly making an announcement about it.

Something tells me OPEC has already made the transition to sell oil in gold.

What’s going to happen to all the macro people when the rate cut doesn’t happen?

China is using its citizens’ gold accounts to back the unit by 40%.

Russia accepts gold for oil payments.

Is it coming together now?

The unit has launched.

The General: BREAKING: Russia will start selling oil for gold starting in September.

China and Russia are now ready to industrialize using the gold-backed unit.

Bypassing the dollar in balance of payments.

Source(s):
https://x.com/MikeCristo8/status/1831604089790328872
https://x.com/MikeCristo8/status/1831707967357599983
https://x.com/MikeCristo8/status/1831720250909597816
https://x.com/MikeCristo8/status/1831753302486479014
https://x.com/MikeCristo8/status/1831765667634409912
https://x.com/MikeCristo8/status/1831818263120244839
https://x.com/MikeCristo8/status/1831824828355228006
https://x.com/MikeCristo8/status/1831851422335533202

https://dinarchronicles.com/2024/09/05/mikecristo8-china-and-russia-are-now-ready-to-use-the-gold-backed-unit/

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

yada  ...It has been a week since the 95% of the banks in Iraq were activated to handle all the foreign currencies for business and trade. Im of the mind they were monitoring the movements of the currencies for the region and hence the expectation for any moment of us to exchange.

Mike Cottrell   The word I got earlier this week was that things are in progress…and to stand by...But I am very encouraged by what is going on.  Whether it is in the next few days or the next few weeks…I see this coming to a climax. I really do. And I am very pleased.

TAKE ACTION NOW! DOLLAR MELTDOWN CONTINUES. AND WHAT IS ABOUT TO HAPPEN IS MUCH WORSE.

Greg Mannarino:  9-6-2024

https://www.youtube.com/watch?v=FMCyy-6MqfQ

Credit Crisis Hits HARD As 50 Million Americans Abandon Creditors!

Atlantis Report:  9-6-2024

The United States is grappling with an unprecedented financial crisis, with up to 50 million Americans defaulting on their debts.

This has triggered significant disruption in the nation’s credit system, causing widespread economic instability

Lenders are scrambling to contain the fallout, while consumers are overwhelmed by growing debt.

Although the American economy has weathered numerous challenges in recent years, the current credit crisis stands out as the most severe.

 With more than 50 million people halting payments to creditors, the situation has progressed from early warnings to a full-scale emergency.

 As consumer debt surges, the impact is becoming painfully clear.

https://www.youtube.com/watch?v=LN9KaSQMQvA

Seeds of Wisdom RV and Economic Updates Friday Afternoon 9-6-24

Good Afternoon Dinar Recaps,

IS THE XRP LEDGER SET FOR MAJOR UPGRADE? RIPPLE CEO BRAD GARLINGHOUSE DROPS NEW CLUES

▪️Ripple is upgrading the XRP Ledger (XRPL) with key advancements like the introduction of smart contracts and the Ethereum Virtual Machine (EVM) sidechain.

▪️Ripple CTO David Schwartz and XRPL Labs Director Wietse Wind have expressed differing views on adopting Layer 1 smart contracts.

Blockchain startup Ripple has recently undertaken the task of upgrading the XRP Ledger, the underlying blockchain technology that powers up Ripple’s global payments network.

Earlier this week, Ripple shared that it’s upgrading its XRP Ledger to enhance its functionality by focusing on key advancements such as smart contracts introduction to the XRPL mainnet and thus boosting programmability through the upcoming EVM Sidechain, per the CNF report.

Ripple CEO Brad Garlinhouse has expressed optimism about the future of the XRP Ledger, stating that “The foundations of crypto infrastructure serving real-world use cases are steadily becoming more robust by the day.”

The recent announcements regarding the smart contracts and the EVM sidechain for the XRP Ledger come over and above the Automated Market Maker (AMM) functionality announced earlier this year.

Ripple Chief Technology Officer (CTO) David Schwartz expressed his enthusiasm for the integration, which aims to strengthen XRPL’s role in the Decentralized Finance (DeFi) sector.

The introduction of Automated Market Makers (AMMs) will simplify token exchanges, improving transaction efficiency and enhancing the overall user experience. 

These innovations will further boost XRPL’s appeal while attracting a wider user base and driving adoption and growth in the DeFi ecosystem as it continues to hit new milestones, per the CNF report.

The XRPL EVM Sidechain and XRPL Hooks

Revealed earlier this year in 2024, the EVM Sidechain will bridge the XRP Ledger along with the Ethereum Virtual Machine (EVM). This would further pave the way for developers to build decentralized applications (dApps) that leverage the strengths of both platforms.

The XRP EVM Sidechain brings forth a compelling proposition wherein developers familiar with the EVM ecosystem can deploy their existing dApps on the XRP Ledger which will benefit from faster transaction speeds and lower fees. On the other hand, the XRP Ledger developers will gain access to a vast library of existing dApps along with the broader developer community.

A key element in XRPL’s evolution is the introduction of Hooks, a foundational technology that will allow seamless integration of smart contracts into XRPL’s mainnet. Ripple said it will focus on making these smart contracts permissionless, enabling anyone to deploy them while ensuring they are accessible to developers of all skill levels.

Moreover, the platform will offer extensive customization options, allowing developers to tailor smart contracts to meet specific requirements. 

XRPL Labs Director Wietse Wind expressed mixed emotions about the recent adoption of Layer 1 (L1) smart contracts following years of dedicated effort by XRPL Labs. Wind shares his disappointment in discovering Ripple’s change in stance through indirect sources rather than direct communication, per the CNF report.

This sentiment comes in contrast to earlier remarks by Ripple CTO David Schwartz at XRP Ledger Apex, where the mainnet was described as a “fixed function ledger” not designed for smart contracts.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

CARDANO INITIATES CONWAY ERA WITH SUCCESSFUL CHANG HARD FORK

▪️Cardano successfully implemented the Chang hard fork, initiating the Conway era.

▪️ADA holders voiced concerns about governance and reward system changes.

▪️Hoskinson clarified the new governance options for withdrawing staking rewards.

Cardano successfully implemented the Chang hard fork, initiating the Conway era. This step represents significant progress towards full decentralization. ]

This milestone included the implementation of the CIP-1694 governance model, allowing ADA holders to actively vote on network decisions. According to the network’s blog post, this significant milestone “realizes the vision of a fully autonomous and decentralized network.”

Changes in Governance and Reward System

However, following the Chang hard fork, ADA holders began to worry about changes in governance and reward systems. Cardano’s founder Charles Hoskinson responded to these growing concerns.

“To withdraw staking rewards from the network, a user must choose one of three options: not voting, abstaining, or delegating to a DRep.”

Linda, as a stake pool operator of MALU Pool, first voiced these concerns in an X post, stating: “After the next hard fork, you will likely need to delegate to a DRep to continue withdrawing your staking rewards. (This is not confirmed yet, but it seems very likely.)” This statement led to intense discussions within the Cardano community about how governance changes would affect staking rewards.

Hoskinson’s Explanations

In response to Linda, Hoskinson detailed that ADA holders must choose one of three options to withdraw staking rewards: “not voting, abstaining, or delegating to a DRep.”

Hoskinson suggested, “If a user only chooses delegation, wallets like Lace will automatically select abstaining to simplify the user experience.”

An X user asked if abstaining meant selecting the abstaining delegation option. Hoskinson clarified that abstaining is an active choice, noting that ADA holders had confused abstaining with doing nothing. However, Hoskinson stated, “It is an action, which is why I clarified my tweet.”

Concerns in the New Governance System

Following the implementation of the Chang hard fork, there are growing concerns about the new governance system, particularly the potential for misuse or mismanagement of the roles of DReps. A user expressed their concerns, saying: “I choose to abstain. I don’t want to see little girl and boy influencer DReps zeroing out the treasury in this experiment.”

“That’s why this option is there. You can even vote no confidence in the entire system.”

Hoskinson reassured the concerned community by emphasizing the flexibility brought by the new governance system. According to Hoskinson, the new governance system allows users to express their views.

Currently, ADA holders hold the key to the network. They can participate in voting or delegate their governance rights to DReps. Stake Pool Operators like Linda continue to participate in the governance process while maintaining the network’s infrastructure.

At the time of writing, ADA is trading at $0.3253, experiencing a 1.63% decrease in the last 24 hours.

@ Newshounds News™

Source:  CoinTurk News

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BINANCE TO BECOME THE FIRST LEGAL CRYPTO EXCHANGE IN KAZAKHSTAN

Binance is just one step away from becoming the first fully regulated crypto exchange in kazakhstan. It has achieved a major milestone by securing formal consent from the Astana Financial Services Authority (AFSA).

This is a major development for the company and reflects its unwavering commitment to regulatory compliance and security in the crypto industry.

The Journey of Collaboration and Education

Binance did not get this achievement overnight. This is the culmination of a two year journey of collaboration and development. The company has been working closely with Kazakhstan’s government organizations to advance blockchain education and adoption.

Binance partnered with the Ministry of Digital Development, Innovations, Aerospace industry and the Ministry of Education.

This partnership resulted in launching a large-scale blockchain education initiative. The motive of this program is to educate 40 thousand people in Kazakhstan by 2026. This will solidify the country’s position as a leader in digital technologies.

Binance had made huge efforts for this partnership. In May 2022, the former CEO of Binance, Changpeng Zhao had a meeting with the president of Kazakhstan, Kassy-Jomart Tokayev. Their discussion regarding blockchain and crypto education became the foundation of Binance’s deep engagement in the country.

From Initial License to Fully Regulatory Consent

In October 2022, AFSA granted Binance a permanent license to operate a digital asset platform. It also allowed the exchange to provide custody services at Astana International Financial Center (AIFC). This was an initial license , a testament to Binance’s robust compliance and security controls.

This allowed the platform to offer exchange and conversion services, fiat currency deposits and withdrawals along with custody of crypto assets. In 2023, Binance launched its local digital asset platform. Government officials, representatives from the banking industry and many other prominent people joined the launch.

The Road Ahead : A fully Regulated Exchange

Binance is poised to significantly expand its operations in Kazakhstan with the recent consent from AFSA. Once the full license is won, the platform will be fully authorized to operate as a cryptocurrency trading facility.  This will enable the company to better serve the local digital assets ecosystem and set a new standard of crypto trading in the country.

The Journey of Binance in Kazakhstan, from education initiative to regulatory achievements, underscores its commitment to foster innovation, trust and growth in this dynamic market.

@ Newshounds News™

Source:  Coinpedia

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GLOBAL BANKING SHAKE UP BASEL 3 CODES  |  Youtube

@ Newshounds News™

Source:  Currency Facts

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ARGENTINA'S GOLD TRANSFER  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Friday Morning 9-6-24

Good Morning Dinar Recaps,

CORE BLOCKCHAIN UNVEILS LIQUID STAKING TOKEN FOR BITCOIN: $LSTBTC

A New DeFi Opportunity for Bitcoin Holders

Core Blockchain has introduced a new liquid staking token, $LstBTC, that promises to revolutionize how Bitcoin holders engage with decentralized finance (DeFi). 

This innovation allows users to stake their Bitcoin (BTC) without having to lock it up, offering them the ability to earn rewards while maintaining liquidity. With this launch, Core Blockchain aims to bridge the gap between Bitcoin and DeFi, enhancing BTC’s utility within this rapidly growing sector.

Liquid Staking for Bitcoin: Expanding DeFi Access

The $LstBTC token is pegged 1:1 to Bitcoin, meaning each token represents an equal amount of BTC. What sets it apart is its liquid staking feature, which resolves a longstanding issue for Bitcoin holders. Typically, staking assets like BTC requires locking them up in exchange for rewards, limiting their use in other applications.

 However, with $LstBTC, users can stake their Bitcoin and still keep it liquid, making it available for DeFi use. This dual benefit is expected to enhance Bitcoin’s role in the DeFi ecosystem, a space where the cryptocurrency has traditionally been underrepresented.

Core Blockchain believes that $LstBTC provides a new avenue for Bitcoin holders who want to earn rewards without sacrificing the flexibility of their assets.

The token’s innovative design allows users to participate in DeFi protocols, such as lending, borrowing, and yield farming, without the usual restrictions imposed by traditional staking mechanisms.

Daily Rewards in $CORE Tokens

One of the key incentives of $LstBTC is that it offers daily rewards to its users in $CORE, the native token of Core Blockchain. This feature makes staking more appealing to Bitcoin holders, who can now earn a steady stream of $CORE tokens while their BTC remains accessible for DeFi activities.

The daily reward structure provides an additional layer of utility, attracting users who want to maximize their returns without losing access to their Bitcoin.

Core Blockchain envisions $LstBTC as a tool that will drive greater adoption of its ecosystem. By integrating liquid staking with Bitcoin, the platform anticipates attracting both existing users and newcomers who are looking for more flexible ways to utilize their digital assets. This strategic move aligns with Core’s broader goal of expanding its user base and increasing participation in DeFi.

Boosting DeFi Adoption Through Security and Growth
Another critical aspect of $LstBTC is its focus on security. The token is managed through a multi-signature (multi-sig) setup, which involves multiple entities participating in its management. This added layer of protection ensures that the token is secure and resistant to single points of failure.

 Multi-sig setups are commonly used in the blockchain space to enhance security by requiring multiple approvals for any transaction, thus safeguarding the asset from potential misuse or theft.

Rich Rines, an early contributor to the Core DAO, highlighted that while Bitcoin dominates the cryptocurrency market, its integration into DeFi has been limited.

He believes that $LstBTC could be a game-changer in this regard. By making Bitcoin more accessible and usable in DeFi, Core Blockchain aims to unlock the potential of BTC in a sector where it has traditionally had a minimal presence.

The liquid staking solution not only benefits individual users but also aims to attract developers to build new products on Core’s platform. By providing a secure and flexible tool for staking Bitcoin, the company hopes to encourage the creation of additional liquid staking products, further expanding the ecosystem’s capabilities.

Driving Ecosystem Growth and Adoption
Core Blockchain anticipates that $LstBTC will attract a wider audience, from experienced Bitcoin holders to developers eager to build on the platform. The token’s unique combination of liquidity, staking rewards, and security is designed to appeal to a broad range of users, driving growth and innovation within the ecosystem.

The company expects that as more people adopt $LstBTC, the Core platform will see a surge in development activity. New liquid staking products, DeFi applications, and tools built around $LstBTC could significantly enhance the platform’s offerings. The growth in adoption could, in turn, attract more developers to the ecosystem, creating a positive feedback loop that fuels further expansion.

Core’s vision for $LstBTC is not limited to short-term gains. The company aims to position itself as a key player in the DeFi space by providing innovative solutions that address some of the industry’s most pressing challenges, such as asset liquidity and security.

By creating a product that combines these elements, Core Blockchain is paving the way for Bitcoin to play a more significant role in the future of decentralized finance.

In conclusion, the launch of $LstBTC represents a major step forward for both Core Blockchain and the broader DeFi space. By offering Bitcoin holders a way to stake their assets without locking them up, Core is addressing a key pain point for users and unlocking new opportunities for growth.

The added security of a multi-sig setup and the potential for ecosystem expansion make $LstBTC a compelling proposition for those looking to engage with DeFi while retaining the flexibility of their Bitcoin holdings.

@ Newshounds News™

Source:  Cointrust

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DECENTRALIZED PHYSICAL INFRASTRUCTURE NETWORKS OFFER NEW OPPORTUNITIES IN THE CRYPTO WORLD

▪️DEPIN integrates physical assets with blockchain technology.

▪️It has significant potential in energy and smart city projects.

▪️Widespread adoption may take time due to early-stage development.

In the world of cryptocurrencies, decentralized physical infrastructure networks (DEPIN) are emerging as a new application area. This new technology is expected to create a significant shift in the crypto ecosystem. DEPIN aims to enable decentralized applications (dApps) to integrate more with the physical world.

What is DEPIN?

Decentralized physical infrastructure networks allow users to manage physical assets using blockchain technology. This includes controlling sensors, distributed energy sources, and other physical devices via blockchain. DEPIN is noted to have significant potential, particularly in the energy sector and smart city projects.

Revolution in the Energy Sector

The use of DEPIN in the energy sector can enable more efficient management of distributed energy resources. Users can optimize their energy consumption by managing individual energy sources like solar panels through blockchain. This can lead to reduced costs and more equitable energy distribution.

Smart City Applications

In smart city projects, DEPIN technology can enable more efficient and sustainable management of city infrastructure. For example, DEPIN can be considered for areas such as traffic management, waste collection, and water resource management. This technology is expected to reduce infrastructure costs while improving service quality in cities.

MV Capital argues that DEPIN will be the next major application area for cryptocurrency. The company states that this technology holds great potential for the future and can create a revolution in many sectors.

“DEPIN will enable decentralized applications to integrate more with the physical world.” – MV Capital

DEPIN, along with decentralized finance (DeFi) and other blockchain-based applications, can create a new wave in the crypto ecosystem. The adoption of this technology can enable cryptocurrencies to be used more widely in real-world applications.

DEPIN stands out as an innovation that integrates crypto technology not only with digital financial transactions but also with the physical world. This technology is considered for a wide range of uses, from energy management to city infrastructure.

There is a general consensus that DEPIN technology holds great potential in the energy sector and smart city projects. However, some sources emphasize that the technology is still in its early stages and that widespread adoption may take time.

While there is agreement on DEPIN’s potential, it is noted that more development is needed for the technology to mature. Discussions on this topic show that there are different views on what the future impact of DEPIN will be

@ Newshounds News™

Source:  Cointurk News

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JAPAN MULLS LOWER CRYPTO TAX RATES IN 2025 OVERHAUL

The country intends to lower taxes on crypto to a flat rate of 20% – in line with taxes that currently apply to traditional assets such as stocks.

Japan's financial regulator, the Financial Services Agency (FSA), has proposed a significant overhaul of the country's tax code for fiscal year 2025. A key component of this reform is a potential reduction in the tax rate for cryptocurrency assets.

In a recent request submitted to the government, the FSA advocated for treating cryptocurrencies as traditional financial assets, aligning them with publicly traded investments. This move could pave the way for a more favorable tax environment for crypto holders in Japan.

“Regarding the tax treatment of cryptocurrency transactions, cryptocurrency should be treated as a financial asset that should be an investment target for the public,” the FSA said.

The FSA's proposal aligns with the growing sentiment among crypto advocates in Japan, who have been petitioning the government to reform the tax on cryptocurrencies, saying that high tax rates on crypto profits are "hindering" the ability to save and invest.

Currently, crypto profits in Japan are subject to a miscellaneous income tax rate ranging from 15% to 55%. The highest rate applies to earnings exceeding 200,000 Japanese yen ($1,377). This compares unfavorably to the 20% maximum tax rate on profits from stock trading.

For corporate entities, the tax burden on unrealized crypto gains is even more substantial, with a flat 30% rate applied at the end of each financial year, regardless of whether a profit has been realized through a sale.

At the WebX Conference held in Tokyo last week, Japanese Minister of Economy, Trade and Industry Takeru Saito said he would help the industry create more use cases by implementing tax reforms to support the development of start-ups, local media reported.

While the FSA's proposal represents a positive step towards a more crypto-friendly tax environment in Japan, the ultimate outcome will depend on the deliberations of the tax system research committee and the country's national legislature.

If approved by both houses of the Japanese government, the proposed tax reforms could significantly impact the nation's crypto industry.

@ Newshounds News™

Source:  Blockhead

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Farm Bill Showdown Will Congress Act  |  Youtube

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Source:  Currency Facts

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India's Blockchain Revolution  |  Youtube 

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Friday AM 9-6-2024

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. 6 Sept. 2024

Compiled Fri. 6 Sept. 2024 12:01 am EST by Judy Byington

The Storm is Upon Us
Imminent
Worldwide Financial Collapse
Global Currency Reset Release, Along With NESARA/GESARA Funds

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

Judy Note: Friday 6 Sept. 2024 activation of the new Global Quantum Financial BRICS payment system was expected and if so, will drive a final nail into the D********e C***l Globalist’s Coffin. Their total reliance on the U****c. fiat dollar that had nothing to back it, meant the Globalists would be officially broke, while the World would function on gold/asset-backed currencies of Sovereign Nations that traded at a 1:1 with each other.

Right now and Worldwide, Customer Service Only Banks and financial institutions were connecting to the Quantum Financial System grid – a fortress of security, with quantum-level encryption that no hacker or rogue state could penetrate.

The C***l no longer would hold control over the Global Financial System, no longer could hold The People hostage in debt. Once a BRICS Nation Blockchain Payment was made by an individual on the new system in an account only they had access to, it would create a totally transparent online digital footprint that was fast, secure, couldn’t be deleted, while removing any element of possible corruption.

Gold/asset-backed Quantum Financial System, NESARA/GESARA appears to be live for the greatest transfer of wealth in history

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(Note:Just because there is a “Big Name” attached to intel- does not mean that is really the real person-There is a lot of “fake” information everywhere….Use discernment and consider everything a rumor until we are actually at the banks)

Thurs. 5 Sept. 2024 URGENT UPDATE! The Financial System’s Collapse is Imminent—EBS, QFS, and NESARA Are Set to Launch! …Julian Assange on Telegram https://t.me/JulianAssangeWiki/2188

The Storm is upon us, and the truth is breaking through faster than they can cover it up. High-level insiders are confirming that the Quantum Financial System (QFS), the Emergency Broadcast System (EBS), and NESARA are not just rumors—they’re ready to roll out!

Politicians in the know are leaking critical details, whether by accident or design, preparing us for the seismic shifts ahead. This is a coordinated effort, folks—those who want to be on the right side of history when the hammer drops are making their moves now.

The signals are clear, the signs are everywhere. These leaks aren’t just chatter—they’re warnings. The QFS is on its way, the EBS is about to be activated, and NESARA is set to transform our world. The old corruptt system is crumbling, and the new one is rising from the ashes.

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Thurs. 5 Sept. 2024 Wolverine: “The RV is imminent. Just stay put. It is coming.”

Thurs. 5 Sept. 2024 Bruce: “The Dinar is trading on the Forex, but the rate is not exchanging yet. My sources say R&R payments will be paid the first ten days of September. The amounts will be shown in our new accounts on the Quantum Financial System when we go in to redeem. Bond Holders can already see their money in their accounts, but they do not have access to it yet. My sources say that the days of Sept. 6, 7 and 8 will be important dates for us.

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Thurs. 5 Sept. 2024 The Quantum Financial System (QFS), Ben Fulford:

This is the Great Financial Shift leading to a new Quantum Financial System that can only contain true asset-backed currency. An asset-backed digital currency qualifies as a “currency.”

All currencies will be “Asset Backed” in each country. This could be gold, silver, platinum, oil, precious metals or any other major asset that the country has.

Only two crypto currencies will be backed by gold – XRP and XLM!

All others, not backed by assets, will disappear by the end of 2024.

Quantum software and computers make the system the most secure on the planet and impossible to hack.

All banking transactions will eventually be conducted in QFS.

Banks as we know them will change dramatically.

QFS will hold all money in “Digital Form”, although it will still be asset-backed.

All money transfers (moves) will contain at least 50 movement records, which will be stored in milliseconds simultaneously on six main surface server farms.

All cash movements are kept in permanent records. So there is NO f***d or criminal activity that cannot be traced.

All people will have a “digital wallet” account with QFS rather than with a bank.

This digital wallet is 100% secure.

You can use your “Debit Card” directly from this account.

You can transfer money with 100% security to any bank account, country, citizen anywhere in the world.

We will receive “Q” phones (Quantum Phones) and “Q” computers to ensure 100% security worldwide.

Thurs. 5 Sept. 2024 Breaking News: Launch of New Gold-Backed Economy!

Now, a new era is dawning—one backed by gold, digital assets, and the revolutionary Quantum Financial System (QFS). As the d********e’s grip loosens, NESARA GESARA emerges as the beacon of financial freedom, tearing apart the globalist chains that have enslaved humanity for generations. The stage is set for a global economic shift that will return wealth and power back to the people.

We are standing on the edge of a new era. Under Trump’s leadership, with the support of GESARA and the QFS, we will see the rise of a golden age—an age of prosperity, transparency, and liberty. Be vigilant, stay informed, and above all, be ready. This is our time, and freedom is coming.

Read full post here:  https://dinarchronicles.com/2024/09/06/restored-republic-via-a-gcr-update-as-of-september-6-2024/

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

Militia Man   Article:  "The Central Bank of Iraq reveals the mechanism for ending the electronic platform"  Quote:  "During the year 2024 and until now, 95% of the transfer process from the electronic platform to the correspondent banking mechanism directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains...which will be transferred...before the end of this year..."   We should all be very clear about what is transpiring before our eyes with Iraq's reforms...We are seeing the end results with a mere 5% left to complete...So they already achieved what they were working on in the past. They are ready for completion to the best of my understanding now. Not later. Wow!

Frank26   Article:   "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency"  This is what's happening right now.  This is called diversion tactics...slight of hand.  This was done with China and it was done with Kuwait...This is part of the monetary reform.  To put out disinformation that is a deterrent, maybe, that is putting speculators at bay.  

Inflation goes down again

Nader:  9-5-2024

https://www.youtube.com/watch?v=1VyWFZQL-cM

What happened in the meeting Iraq and the treasury?

Nader:  9-5-2024

https://www.youtube.com/watch?v=mNLjOzeO3vQ

“Tidbits From TNT” Friday Morning 9-6-2024

TNT:

Tishwash:  UAE, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman extend additional voluntary output cuts

 The OPEC+ countries have agreed to extend their additional voluntary production cuts of 2.2 million barrels per day for two months until the end of November 2024.

This came as these countries that previously announced additional voluntary cuts in April and November 2023, including the United Arab Emirates, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on 5th September, 2024, during which the eight member countries emphasised their collective resolve to ensure full compliance with the voluntary production adjustments.

In recognition of this strengthened resolve and renewed firm commitment, the eight participating countries have agreed to extend their additional voluntary production cuts of 2.2 million barrels per day for two months until the end of November 2024, after which these cuts will be gradually phased out on a monthly basis starting 1st December, 2024, with the flexibility to pause or reverse the adjustments as necessary.

The overproducing countries also reconfirmed their commitment that the entire overproduced volume will be fully compensated for by September 2025.

In August 2024, Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Algeria, and Oman, conducted two ministerial discussions with Iraq and Kazakhstan. Both countries were urged to achieve full conformity and compensate for the overproduced volumes since January 2024. Iraq and Kazakhstan committed to engage with secondary sources to outline their plans for production adjustments to achieve compliance and meet the compensation schedules they submitted to the OPEC Secretariat on 22nd August.

The group includes Iraq and Kazakhstan, who have overproduced since January 2024, but have strongly reaffirmed their commitment to the agreement and to their compensation schedules submitted to the OPEC Secretariat as agreed under the 53rd meeting of the JMMC on 3rd April 2024.

Iraq and Kazakhstan reinforced their commitment during the OPEC Secretary General’s visits in late August, conducted in coordination with Saudi Arabia's Minister of Energy and the Chairman of the OPEC and non-OPEC Ministerial Meetings. During those visits, the OPEC Secretariat organised workshops with the secondary sources where both countries provided extensive details on the immediate and concrete measures they are implementing to achieve full conformity with the required production levels and to meet their compensation schedules for August and for September. These measures included advancing field maintenance plans and reducing production alongside with delaying and canceling spot sales for the month of August. Moreover, the countries committed to adjust compensation plans for any over produced volumes in August.  link

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Tishwash:  Iraqi Ambassador to Egypt Calls on Arab Companies to Invest in Iraq

Iraqi Ambassador to Egypt Qahtaan Taha Khalaf announced on Thursday Iraq's support for Egypt in the face of the Zionist campaign to disrupt the Palestinian cause, while calling on Arab companies to invest in Iraq.

Khalaf said, in the opening session of the 114th session of the Economic and Social Council, which was followed by "Al-Eqtisad News", that "the Republic of Iraq supports the Arab Republic of Egypt in what it is exposed to in terms of fabricated Zionist accusations, campaigns and plans in an attempt to disrupt the Palestinian cause."

He added that "the Iraqi government welcomes hosting the 34th regular Arab Summit in Baghdad in 2025," noting that "this grand celebration that the Arab nation is looking forward to, we are trying to come up with decisions that rise to the level of the current challenges, in order for the summit to constitute a qualitative leap in the field of joint Arab action."

He pointed out that "the delegates supporting the Republic of Iraq communicated with the General Secretariat of the League of Arab States to set a date for the meeting of the third team concerned with developing economic and social work headed by Iraq," noting that "the meeting did not take place due to emergency circumstances, the last of which was setting August 26 and a memorandum was circulated in this regard, but the visit of Iraqi Prime Minister Mohammed Shia al-Sudani to Egypt prevented the meeting from being held."

He explained that "Iraq's policy is focused on economic openness, building a broad network of economic relations and attracting investments, and from these starting points, the Iraqi government has developed an ambitious program to develop all sectors, enhance and improve services and simplify procedures."

He added that "the companies that have been present in Iraq for years include Turkish, Iranian and Chinese companies, and we find Arab companies from Egypt, neighboring countries and other Arab countries alongside them," calling on Arab countries to "participate in rebuilding Iraq and exploiting the available opportunities in restoring infrastructure in Iraq."

He thanked "the United Arab Emirates for presenting a study of the work of this council and the General Secretariat of the League of Arab States and the employees for their efforts to prepare for this meeting and provide full support to reach the best results for the advancement of joint Arab action."  link

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

Tishwash: Iraq's gateway to the world.. All eyes are on the launch of the FAO and corruption is the biggest "risk"

Iraq is preparing to announce the imminent launch of the Grand Faw Port, one of the largest strategic projects in the country, despite the major challenges that this project has faced since its inception.

Faw Port is an important commercial gateway linking Iraq to the outside world and reducing dependence on the ports of neighboring countries.

The project has faced many obstacles, including financing, political tensions, and logistical challenges. However, official authorities confirm that the project has overcome most of these obstacles, and that the official launch of the port is imminent, which raises hopes of boosting trade and investment in Iraq.

Jamal Al-Halbousi, an expert in maritime border demarcation, says, “The news coming from the port of Al-Faw is good and joyful, especially since the work rate on the project now reaches 98 percent, according to the Daewoo company implementing the port, which is equipped with five docks. Work is now underway to complete the fifth dock, which is 1,750 meters long.”

He added, "More important than these docks is the navigation channel leading to them, as work is being done on it at the agreed capacity so that it can accommodate large ships and navigation is at a very high economic level, meaning that the depth of the navigation channel should not be less than 19.8 metres, and so far it has reached 12 metres or a little more."

He points out that “many aspects have been completed, such as the roads, most of which have been completed, as well as the bridges, the submerged tunnel, and the container yard,” noting that “there are five other projects that complement the port and these must be carried out, and according to the Ministry of Transport, the percentage of completion in them exceeds the timeframes set for them, but until now we need to test them, as within 20 days water must be pumped into the submerged tunnel for the test.”

Al-Halbousi hopes for the “success of the Faw Port project, because that would close all doors to competing ports in the region. Therefore, the five docks must be coordinated and interconnected, and the work must be in one chain. There must be a gradual completion, and there must be an appropriate mechanism for the work and the idea of ​​transporting and transferring goods.”

Regarding the obstacles, he confirms that “corruption is the biggest obstacle facing the port of Faw, so there must be efficient management, and unfortunately Iraq lacks it so far. If the same administrative work in other Basra ports, such as Khor Al-Zubair and others, is reflected in the port of Faw, it will be a disaster for the new port. However, if it is managed by expert companies, the port is a historic opportunity for Iraq to revive the economy.”

 He added, "The port will start operating with five docks, and their success in operation will give Iraq an opportunity to develop and increase the docks because Umm Qasr Port operates with 29 docks, and what is planned for the Grand Faw Port is to contain a greater number of docks than what is present in Umm Qasr Port."

For his part, economic expert, Ziad Al-Hashemi, explains that “the port of Faw holds great strategic importance for the growing Iraqi economy, in which the rate of imports increases annually.”

He added, "The Faw Port, with its five berths, will be able to provide modern services and operations that facilitate the speed and smoothness of handling containers entering and leaving the port, which will enhance commercial movement and the availability of goods required within the Iraqi markets."

Al-Hashemi confirms that “the project may face some challenges related to the contracting process with port operating companies, managing the docks, and the movement and operations of the port, in addition to the fact that the failure to complete the development road paths may cause a limitation in linking the port facilities with the land paths towards the Iraqi governorates, which creates a bottleneck that causes delays in the flow of goods.”

He explained that "there are potential security and political challenges for parties that may want to exploit the port to obtain illegal financial gains and resources. The port may also face a decrease in demand for its cross-border trade services to and from Turkey and neighboring countries, due to the fragile security and political stability, which may lead to an increase in the costs of transit and insurance for containers passing through Iraq to and from the port for the benefit of other countries."

The Faw Port was supposed to have 99 berths and be the largest port in West Asia, surpassing the Jebel Ali Port in the United Arab Emirates. The port adds strategic importance to Iraq and generates huge financial returns through the transport of goods and oil products faster than before.

Fourteen years have passed since the foundation stone was laid for the construction of this port, but political conflicts and the intersection of internal and external interests, in addition to corruption factors, prevented its completion, which prompted the "Popular Movement for the Belt and Road", last April, to demonstrate in the vicinity of the Green Zone, to expose the files of financial and administrative corruption in the Grand Faw Port.

The Greater Faw Project represents an important economic and political goal, given its high financial cost and political and social importance, as many political actors and armed groups seek to control or undermine it to achieve personal gains and political goals.

The Ministry of Transport confirmed this week that the five-berth project, one of the projects of the Grand Faw Port, is witnessing remarkable progress on the ground and faster than its scheduled timelines, noting that the Korean company Daewoo has reached a completion rate of 98 percent in the project.

It is noteworthy that the project to establish the container terminal for the Grand Faw Port, which is one of the five projects of the project, includes the construction of five giant docks for unloading ships with a length of 1,750 meters, and the construction of a container yard with a length of 2,000 meters.  link

Mot: .. School -- First Day

Mot:  Ever Wonder Why Parents dont post the Second Day of School????

Seeds of Wisdom RV and Economic Updates Thursday Evening 9-5-24

Good Evening Dinar Recaps,

ICCS DIGITAL STANDARDS INITIATIVE SHARES DIGITAL TRADE, EBL CASE STUDIES

The International Chamber of Commerce’s (ICC) Digital Standards Initiative (DSI) for trade documents has come a long way since its founding in 2020.

 In April it published a document that outlined no less than 36 different trade documents and associated standards. Now it has released a series of 22 case studies, including several on electronic bills of lading (eBL).

An eBL has several advantages over the paper version. Given bills of lading are used to collect cargo, they are valuable documents. 

Paper versions are prone to forgery, whereas electronic ones are digitally signed. They’re also much more efficient. McKinsey predicted that eBL could lead to $6.5 billion in direct cost savings.

In order for the importer to collect the cargo on arrival, the original bill of lading has to be couriered from the departure point to the destination.

This can cause delays if it doesn’t arrive fast enough. Plus, couriers carrying the bill of lading have to travel between airports and the ports, creating wasteful emissions.

This latter point was one of the case studies in the ICC paper. Earlier this year, the shipping blockchain network GSBN explored the potential environmental impact, estimating that there’s a potential saving of 440,820 metric tons per year in CO2 emissions. We analyzed the report, finding the figures were rather high, but the saving is nonetheless significant.

BHP contributes to 25% eBL target

Another eBL case study relates to mining firm BHP. One of the key benefits it found by using eBL is that amendments to eBLs are much faster. Otherwise, a new original bill of lading would have to be couriered a long way if there are amendments. This helps to avoid delays in customs clearance.

Stepping back, several shipping organizations have made commitments to adopt eBL, including the FIT Alliance, with only around 2% digitized in 2022. A key hold up is a lack of interoperability between different solutions, something that the ICC is trying to address.

In early 2023, the Digital Container Shipping Association (DCSA), secured commitments from nine of the top ten largest container shipping carriers to adopt eBLs. The first deadline was 50% in five years, with 100% in ten years.

Another shipping association, BIMCO, joined the effort with a shorter target of 25% by 2025. After just a year, four shippers, BHP, Rio Tinto, Vale and Anglo American, have already reached an average adoption rate of 25.1% for iron ore trades.

Lloyds Bank adopts two blockchain solutions

Earlier this year we reported that Lloyds Bank had partnered with WaveBL for eBL. Additionally, it is working with Enigio to use its blockchain-based digital promissory notes (dPN).

The case study starts with shipping carrier MSC issuing an eBL using the waveBL platform. Then the exporter’s bank sent the eBL to Lloyds, which was working for the importer. Lloyds issued a digital promissory note (dPN), that the importer signed.

That digital signature allowed Lloyds to release the eBL faster. Lloyds reckons the solutions reduced the transaction time from 15 days to 24 hours. Plus, it removed the need for six courier trips.

“Together, the eBL and the dPN have eradicated the need for any physical paper to change hands,” said Rogier van Lammeren, Head of Trade and Working Capital Products, Lloyds Bank.

“This has meant a faster transaction, which helps shorten parties’ working capital cycles, with less risk, at lower cost and with significantly less admin for the businesses involved.”

Meanwhile, another case study involved eBL platforms WaveBL and TradeGo integrating verifiable Legal Entity Identifiers (vLEI) into their solutions. Plus, there was a client case study for blockchain eBL solution CargoX.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

PUTIN CALLS WEST'S POLICY TO BAN RUSSIA FROM DOLLAR SETTLEMENTS ‘STUPID’

The head of state noted that in this situation, Russia and its friendly countries are switching to national currencies in their mutual settlements

VLADIVOSTOK, September 5. /TASS/. The West already understands that it made a mistake, and its stupid steps are only pushing countries to abandon the dollar, Russian President Vladimir Putin said speaking at the plenary session of the Eastern Economic Forum.

"The financial and political authorities of the United States are pushing this process with their not just sloppy, but unprofessional and stupid actions. I think, they already understand that they made a mistake, but they simply cannot get out of this rut.

It is probably rather embarrassing for them to admit that they made a mistake. They should have already made some corrections, as they see that the tools they use do not work," Putin said.

He noted that in this situation, Russia and its friendly countries are switching to national currencies in their mutual settlements. But the Western leaders are not ready to abandon their policies, he added.

"Apparently, only those people who will replace today's generation of politicians can do this. Because changing something means admitting your mistakes. Apparently, this is difficult. And what is the reason for such behavior?

Apparently, they were counting that everything would collapse in our country. That is why they banned us from dollar service. But the trends are not obvious. They only push, as I have already said, these processes, but the trends in the use of currency are connected with the growth of the [Russian] economy," Putin said.

The Eastern Economic Forum is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024. The main theme of the EEF this year is ‘Far East 2030. Combining strengths to create new potential’. The Roscongress Foundation is the Forum’s organizer. TASS is the general information partner of the EEF.

@ Newshounds News™

Source:  TASS

~~~~~~~~~

Trump Doubles Down on Bitcoin, Says He's Got a Job for Elon Musk If Elected

Outlining the economic policies of a potential Trump administration, the former president said Musk could lead a new government fraud task force.

During a speech before the Economic Club of New York on Thursday, Republican candidate for U.S. president Donald Trump asserted that the country would be the “world capital of crypto and Bitcoin.”

In addition to reiterating his stance on digital assets, Trump also proposed—at the suggestion of Telsa CEO Elon Musk—a new government efficiency commission that will audit the federal government.

“I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government, making recommendations for drastic reforms,” Trump said. “We need to do it.”

Musk agreed, tweeting in response to reports of Trump’s remarks, “This would unlock tremendous prosperity for America.”

@ Newshounds News™

Read more: Decrypt

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 9-5-24

EU UNIFIED LEDGER FOR TOKENIZATION PROPOSED BY BANQUE DE FRANCE GOVERNOR

It’s well known that the Banque de France is a fan of wholesale CBDC and tokenization. It started running wholesale CBDC trials in 2020. In a speech yesterday, Governor François Villeroy de Galhau outlined his vision for a Capital Markets Union (CMU) and a Banking Union within Europe. An EU Unified Ledger is one of his strategies to improve payments.

He described the Unified Ledger as “a new public-private infrastructure built around a distributed ledger that would include a wholesale central bank digital currency (CBDC), tokenised commercial bank money and tokenised financial instruments, and potentially the digital euro later on. This shared infrastructure would streamline transactions, reduce risks and costs, and thus foster CMU, while preserving the two-tier financial system.”

Rather than a “big-bang” migration he suggests a phased approach targeting specific market segments. Those that currently involve manual or domestic processes might be at the front of the queue. However, he envisions it expanding to a range of tokenized assets and cross border functionality.

While that’s on the wholesale side of payments, he also discussed retail payments. He noted that TIPS is a good backend solution, but that Europe lacks a common front-end payment solution such as in Brazil and India. He hopes that a digital euro might fit that role and envisions eventually integrating the digital euro with foreign faster payment systems.

Meanwhile, the Banque de France is one of the seven central banks involved in the BIS Project Agorá, the proposed unified ledger for cross border payments. Separately, the Banque de France’s DL3S wholesale CBDC platform is the only CBDC amongst three payment options in the European Central Bank’s current wholesale DLT settlement trials in central bank money. It was used to settle the first sovereign digital bond issued in EMEA by Slovenia.

@ Newshounds News™

Sources:  
LedgerInsights
Project Agora 
Banque de France    
Wholesale DLT Settlement Trials   

~~~~~~~~~

IN TRUMP-BACKED CRYPTO PROJECT, INSIDERS ARE POISED FOR UNUSUALLY BIG TOKEN PAYOUTS

The team could get 70% of World Liberty Financial's tokens, a significantly higher-than-normal allocation from a project marketed as a solution to the “rigged” traditional finance system.

A whopping 70% of Trump-backed World Liberty Financial's WLFI tokens will be reserved for the project's insiders, according to a white paper draft obtained by CoinDesk.

Of the remaining 30% of the tokens distributed via a public sale, the founding team will also receive a portion of the proceeds.

When asked if a 70% allocation to insiders is high, one source who advises projects on such matters replied, "LMAO. Nice joke, ser."

World Liberty Financial, the new crypto lending platform promoted by former U.S. President Donald Trump and his sons, advertises itself as a way of "putting the power of finance back in the hands of the people" and a solution to the "rigged" traditional finance system.

CoinDesk has obtained a draft white paper for the project. It reveals that the vast majority of the power promised by World Liberty Financial will be concentrated in the hands of a select few insiders: 70% of WLFI, the project's "governance" crypto token, will be "held by the founders, team, and service providers."

The remaining 30%, according to the white paper, will be distributed "via public sale," with some of the money raised from that also going to project insiders – though some will be reserved in a treasury "to support World Liberty Financial's operations

A 70% allocation to insiders is unusually high. Ethereum's Genesis block reserved a combined 16.6% of ether (ETH) for the Ethereum Foundation and early contributors (though co-founder Vitalik Buterin later said they received even less). The three companies behind Cardano, another popular blockchain project, retained a combined 20% of ADA at its launch. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is estimated to hold a little over 5% of the total supply.

Asked if a 70% allocation to insiders is high, one source who advises early stage projects replied: "LMAO. nice joke ser."

World Liberty Financial has not finalized its plans yet, according to a person close to the project.

"The team is working with a lot of contributors, and we're not quite sure which version [of the white paper] you are referring to at the moment, but they have not finalized their tokenomics yet," according to a statement from World Liberty Financial. "All the information we've shared so far that is final/approved can be found on WLF's Twitter (X) and Telegram. Those will be the main channels for any announcements."

The token details from the draft white paper follow a CoinDesk report Tuesday about World Liberty Financial, which revealed that the project's team includes members of the Trump family plus people behind a recently hacked crypto app. CoinDesk also reported that World Liberty Financial will be built atop Aave, the popular Ethereum-based lending platform.

World Liberty Financial's allocation raises the question of whether the project is an attempt to cash in on the Trump family's fame rather than build a novel DeFi platform. Pre-sale proceeds have historically been largely invested back into projects, to grow them. If insiders plan to hoard most of the World Liberty Financial money for themselves, how will it deliver on its lofty promises?

One of those lofty promises is to make the U.S. the "crypto capital of the planet." In a Wednesday Telegram post, the World Liberty Financial team advised skeptics that its "plan will speak for itself. The brightest minds in crypto are backing us, and what's coming will make all doubters think twice."

"Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance," the post added. "We believe that DeFi is the future, and we're committed to making it accessible and secure for everyone.

In general, public token pre-sales are rare in today's crypto industry, largely because initial coin offerings (ICOs) – which were once the preferred method for crypto startups to raise funds by selling tokens directly to investors – have fallen out of favor. This shift occurred due to increasing regulatory scrutiny, widespread fraud and the emergence of alternative fundraising models that offer more oversight and investor protections.

World Liberty Financial's approach differs from a traditional ICO, however, because the WLFI token will be non-transferable, meaning it cannot be traded between users. This restriction is likely intended to protect World Liberty Financial from securities law violations.

WLFI token that can't be transferred
According to the white paper, "All $WLFI will be non-transferable and locked indefinitely in a wallet or smart contract until such time, if ever, $WLFI are unlocked through protocol governance procedures in a manner that does not contravene applicable law."

It continues: "Each purchaser of $WLFI will be screened to ensure that no specially designated nationals or other persons sanctioned by FinCen are permitted to purchase $WLFI." "FinCen" seems to be a mistaken reference to the Office of Foreign Assets Control, or OFAC, a U.S. Treasury Department office that's distinct from the Financial Crimes Enforcement Network (FinCEN).

Earlier this week, CoinDesk revealed World Liberty Financial's links to Dough Finance, a recently hacked lending app whose founders include Zak Folkman, a former pick-up artist and entrepreneur who is officially registered as the owner of World Liberty Financial LLC.

While Donald Trump appears to hope that World Liberty Financial could help him earn favor with the blockchain industry, even some of the former president's supporters in the industry are warning that the plan could backfire.

"Is there something that we, as crypto twitter, can collectively do to stop the launch of world liberty coin," Nic Carter, a prominent crypto industry figure and Trump supporter, asked on X (formerly Twitter).

He added: "I think it genuinely damages trump's electoral prospects, especially if it gets hacked (it'll be the juiciest DeFi target ever and it's forked from a protocol that itself was hacked). it's also an obvious target for the SEC. at best it's an unnecessary distraction, at worst it's a huge embarrassment and source of (additional) legal trouble. so are we signing a petition or what?"

Ahead of its launch, the project has attracted the attention of fraudsters and hackers. Yesterday, the X accounts of Eric Trump's wife Lara Trump and Trump's youngest daughter Tiffany Trump were hacked and used to promote a crypto scam crafted to look like World Liberty Financial.

Donald Trump is officially listed as the project's "Chief Crypto Advocate." His two oldest sons, Don Jr. and Eric, share the role of "Web 3 Ambassador." Barron Trump, the former president's 18-year-old son, is World Liberty Financial's "DeFi Visionary."

Though the Trump family appears to have been heavily involved in the promotion and inception of the project, the white paper takes pains to distance the project from any political affiliation, stating: "World Liberty Financial is not owned, managed, operated, or sold by Donald J. Trump, the Trump Organization, or any of their respective family members, affiliates, or principals. However, they may own $WLFI and receive compensation from World Liberty Financial and its developers. World Liberty Financial and $WLFI are not political and have no affiliation with any political campaign."

@ Newshounds News™

Source:  CoinDesk

~~~~~~~~~

XRP Lawsuit Update Today: Ripple Delays $125M Penalty as SEC Appeal Looms

Ripple has successfully delayed the $125 million penalty payment due to the SEC's potential appeal of the August 7 ruling.

Both Ripple and the SEC have the option to appeal the ruling, which could significantly delay the resolution of the case.

The uncertainty surrounding the case has negatively impacted XRP's price and trading volume.

With just 32 days left for the appeal and SEC’s silence post aug 7 is brewing the market with No appeal propaganda. Ripple Labs is hitting pause on the $125 million penalty as their legal battle with the SEC takes another twist. With the SEC hinting at a possible appeal of the August 7th ruling, Ripple’s legal team has successfully requested to delay the hefty payment.

Both sides are now eyeing their next move in what could be a game-changing showdown!

Ripple vs SEC Update
Judge Torres has approved Ripple’s request to keep the $125 million penalty in a bank account while the SEC decides its next move. This temporary hold gives both Ripple and the SEC time to appeal or respond to the important decision about XRP’s programmatic sales.

Ripple’s legal team, in a September 4 filing, secured approval from the SEC to delay paying the $125 million penalty until after September 6. The attorneys proposed depositing $139 million, representing 111% of the judgment amount, into a bank account for 30 days while both parties assess their next steps.

The Appeal Deadline Approaches
The court’s decision extends the time for potential appeals, allowing both Ripple and the SEC to file if they choose. If an appeal goes ahead, the case might drag on for years. Although Ripple had initially said they wouldn’t appeal, experts believe they might still need to do so to avoid accepting the $125 million penalty.

Fred Rispoli, a lawyer supporting XRP, suggested that a decision on the SEC’s appeal might not come until 2026. He noted that the SEC’s lawsuits against crypto exchanges have weakened its stance, making an appeal less likely. Rispoli also predicted an 80% chance that the SEC might drop the appeal if Hester Peirce becomes SEC Chair.

Despite the uncertainty, Ripple’s Chief Legal Officer, Stuart Alderoty, remains optimistic that an appeal won’t drastically change the case’s outcome. He believes the SEC has only a 10% chance of overturning the decision through an appeal.

XRP Price Analysis
The ongoing legal uncertainty has impacted XRP’s price, which has lost all of its recent gains. Currently trading at $0.55, XRP has seen a 15% drop in trading volume over the past 24 hours. Additionally, open interest in XRP futures has decreased by 0.67%, indicating reduced interest from derivatives traders.

Ripple and the SEC will need to decide on their legal strategies in the coming months. The crypto sector is watching closely as the possibility of an appeal looms. XRP holders are eager for a resolution that could significantly affect the crypto market. The SEC has until October 6 to challenge the August 7 ruling, and the XRP community remains on edge.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

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Economist’s “News and Views” Thursday 9-5-2024

China Just Helped Russia & Iran By Ditching All US Imports!

Tech Beat:  9-5-2024

In this video, we look at a critical geopolitical situation in which China has taken a brave move by dramatically lowering its reliance on US imports. This move has an impact not only on the global economy, but it also indicates a stronger alliance with Russia and Iran.

We'll look at why China made this move, what it means for its trade policies, and the broader ramifications for international relations and economic power dynamics. As tensions between China and the United States escalate, China's new economic plans line more closely with nations such as Russia and Iran, both of whom confront their own set of issues with Western countries.

 China's shift in import preferences away from the United States not only strengthens its ties with these countries, but also creates a more united front against Western economic pressure.

 This strategic alliance might have a long-term impact on global economic patterns and political relationships. Join us as we discuss how this decision is transforming the economic landscape, what it means for the future of US-China ties, and how Russia and Iran will gain from this change.

https://www.youtube.com/watch?v=50LPGxbEAws

"End Hegemonism": 2024 China-Africa Summit Kicks Off, Counters Neocolonialism and Hegemony

Lena Petrova:  9-4-2024

https://www.youtube.com/watch?v=Oso4RQZKVv4

Recession Watch: New Data Signals Trouble - Here's What You Need to Know

Taylor Kenny:  9-5-2024

This is a big day for data from Bloomberg on the reality of where our economy is and where it is headed. They're trying to tell us we're not in a recession but what do these numbers tell you?

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