More News, Rumors and Opinions Sunday PM 9-15-2024

KTFA:

Frank26:  "BECAUSE THE WRONG PATH WAS A PROGRAM RATE"..........F26

 Al-Sudani: Iraq today is on the right path

 9/14/2024

 Prime Minister Mohammed Shia Al-Sudani, during a dialogue seminar by the Anki Foundation for Studies and Research on the path to development, in the presence of Mr. Al-Hakim:

Iraq depends on oil as the only source to cover its expenses, which have begun to increase.

The development path needs more study and clarification.

We must think properly to activate sectors that support oil.

- There must be projects that suit Iraq to be a focus of development.

We have started establishing and implementing the development road project, which will transform Iraq into an open country.

We have unnatural materials that have not been exploited in industries and the strategic location of Iraq. 

We are in the planning, design and other studies phase and we have approached the World Bank to begin implementing the development road from Basra to Mosul.

Capital finds opportunity in Iraq amid security and political stability

- Many capitals want to invest in Iraq

Iraq today is on the right track   LINK

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

Frank26:   "WHY?... BECAUSE... THE MONETARY REFORM DEMANDS THIS"..........F26

 Al-Alaq: The number of digital banks in Iraq will be greater than neighboring countries

9/14/2024

The Governor of the Central Bank of Iraq expected, on Saturday, that the number of digital banks in the country would increase and be larger than in neighboring countries.

This came during his hosting of the activities of the Electronic Payment Conference towards Financial Stability in Iraq, which was launched in the capital, Baghdad, and was attended by a Shafaq News Agency correspondent.

Al-Alaq said during the hosting that “the experience of digital banks in the world is an experience that indicates a shift towards an approach that is completely consistent with technical developments and employing them in a direction that serves various operations.”

He added, "Digital banks are widely spread in the world, and the volume of financial transactions for these banks has reached about 5 trillion annually, and it is hoped that the number will reach about 7 trillion dollars by the year 2027."

Al-Alaq also pointed out that this is an important indicator that calls on us to stimulate this aspect, focus on it and push it forward, adding that “Iraq will be one of the countries that will advance in digital banks that occupy an important space, and the number of these banks in Iraq will be greater than in neighboring countries.”

He continued by saying, "Before launching the licensing round for digital banks, the Central Bank conducted in-depth studies and reviewed the experiences of other countries extensively until we set the necessary rules and controls to license this type of bank."

The Central Bank Governor concluded his speech by saying, “We were surprised that the number of applicants to establish digital banks exceeded 70 banks,” stressing that “the Central Bank is studying the applications to establish digital banks, sorting them out, and selecting a limited number of them.”  LINK

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
Mr Sammy [Iraqi bank manager friend] says we are in charge of our own money.  It's not being overseen by the US Treasury.  FRANK:  This is the most powerful thing I can share with you tonight...IMO when Alaq came back he told everybody there's no more sanctions on the banks of Iraq...That means your program rate does not exist anymore.  FIREFLY:  Mr Sammy says they are running the new system...This new system will remain for the rest of the year...This monetary reform education phase we're in right now will last for this whole year...  [Post 1 of 2....stay tuned]

Frank26   [Iraq boots-on-the-ground report]    FRANK:  Mr. Sammy and I are on the same page.  The only difference is he's turning the page a little slower than I am.  I do not see this going into next year.  Actually it's impossible.  I see the monetary reform education...commercials...US Treasury revealing to you all sanctions have been release, which tells me we are extremely close...Mr Sammy...tells you it's coming at the end of the year or beginning, I tell you it's now...  [Post 2 of 2]

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

Fed’s Own Charts Show Dollar’s Purchasing Power Heading to Zero, Hyperinflation Next – Lynette Zang

Kitco News:  9-15-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Lynette Zang, Founder & CEO of Zang Enterprises, who warns that the transition to hyperinflation has already begun.

Zang says to expect tremendous market volatility in 2025, adding that the public will start losing confidence in the U.S. dollar.

She also breaks down the latest developments when it comes to the health of the U.S. banking sector, her recession outlook, global monetary system shifts, and the role that gold plays.

Zang also shares her gold price outlook and how to prepare for the coming economic uncertainty.

00:00:00 Coming Up

00:01:42 Introduction: Health of the Banking Sector

00:04:54 Currency Life Cycles

 00:07:25 Global Reserve Currencies

00:14:42 Economic Indicators and Recession Outlook

00:21:01 Hyperinflation Concerns

 00:37:01 Banking System Collapse and Bail-ins

 00:46:50 FDIC, Public Perception, Banking Confidence

 00:52:33 The Role of Gold in Economic Stability

 01:00:27 Global Monetary System Shifts

 01:11:37 Preparing for Economic Uncertainty

https://www.youtube.com/watch?v=rDyI_d3KsDo

Economist’s “News and Views” Sunday 9-15-2024

"The Debt Trap Is Sprung" | Alasdair Macleod

Liberty and Finance:  9-14-2024

Alasdair Macleod discusses the current state of the banking system and the rising value of gold.

He highlights the increasing fragility of banks, citing Warren Buffett's significant sell-off of Bank of America shares as indicative of broader concerns about inflation and capital flow.

Macleod explains that central banks' aggressive gold accumulation responds to the potential devaluation of fiat currencies, with gold reaching all-time highs partly due to weakening confidence in the dollar.

According to Macleod, the ongoing shift in investment toward gold reflects a flight from unstable financial systems and increasing investor fear.

This analysis underscores the growing importance of precious metals as a hedge against economic instability and currency risk.

NTERVIEW TIMELINE:

0:00 Intro

 1:36 Banking system

7:45 Gold's rally

15:15 Economic outlook

19:55 Gold BRICS currency?

https://www.youtube.com/watch?v=GXNvGo0u818

Silver to Outperform Gold 4 to 1 as New Monetary System Emerges in the Next 3 Years

David Lin:  9-15-2024

David Morgan, Publisher of The Morgan Report, discsusses the outlook for gold, silver, and how the gold "barometer is signalling "stormy times ahead".

1:00 - Gold vs silver

4:19 - Silver as industrial metal

7:30 - Gold as a barometer

8:30 - Stormy times ahead

11:20 - Bankruptcies

16:00 - Inflation outlook

 21:40 - Increased deficit

24:10 - Federal reserve rate cut

27:00 - Capital flow shifts

29:46 - Dollar outlook

 32:30 - New monetary system

33:30 - Why hasn't silver hit new highs?

36:50 - Industrial use case of silver

 38:20 - Silver mining

40:00 - How money controls us

https://www.youtube.com/watch?v=m1vhyEueV8Q

A Powerful Economic Indicator Just Triggered A MASSIVE Warning

George Gammon:    9-14-2024

https://www.youtube.com/watch?v=fz4o8A5RF6g

“Tidbits From TNT” Sunday 9-15-2024

TNT:

Tishwash:  Al-Sudani: Iraq today is on the right path

Prime Minister Mohammed Shia Al-Sudani, during a dialogue seminar by the Anki Foundation for Studies and Research on the path to development, in the presence of Mr. Al-Hakim:

Iraq depends on oil as the only source to cover its expenses, which have begun to increase.

The development path needs more study and clarification.

We must think properly to activate sectors that support oil.

- There must be projects that suit Iraq to be a focus of development.

We have started establishing and implementing the development road project, which will transform Iraq into an open country.

We have unnatural materials that have not been exploited in industries and the strategic location of Iraq. 

We are in the planning, design and other studies phase and we have approached the World Bank to begin implementing the development road from Basra to Mosul.

Capital finds opportunity in Iraq amid security and political stability

- Many capitals want to invest in Iraq

Iraq today is on the right track

Iraq is witnessing recovery and stability and everyone needs his return

Iraq will enter the gas market after investing in several fields

Iraq is the best corridor in the communications and optical cable file 

Providing job opportunities is one of the reasons that prompted us to proceed with the development road project.

We concluded the Faw Investment Refinery contract and it was activated.

With these projects, we will recreate the experience of the sixties and seventies to work in the private sector to provide job opportunities.

- The railway designs for the development road project have been fully completed.

- The third meeting of the Ministerial Council on the development path will be held next November.

We have started preparing a study on forming a body to manage the development road project.

- We have made real reforms in the tax and banking system.

There is no spot on Iraqi territory outside the control of our security forces, and we have directed the preparation of a comprehensive plan to secure the path of development.

The development road project needs 5 years to be completed.  link

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

Economist: Lower oil prices will not affect dollar exchange rate and salaries in Iraq - Urgent

Economic expert Mustafa Akram Hantoush explained today, Saturday (September 14, 2024), that the decline in oil prices will not affect the exchange rate of the dollar and salaries in Iraq.

Hantoush said in an interview with Baghdad Today, "The dollar exchange rates in Iraq will not be affected by the decline in oil prices, as this issue depends on supply and demand in the local market, and has no relation to the oil file and oil revenues."

He explained that "in terms of operating expenses, including salaries, they will not be affected by the crisis, even if oil prices reach $50, as the state is able to pay salaries and governing expenses."

Hantoush added that "the impact of fluctuations in oil prices will greatly affect investment programs, and that oil prices may threaten the state's investment side, as happened in the past years, including 2015, 2016, and 2017, when projects suffered from significant delays in those years."

These financial concerns reflect the challenges facing the global oil market, as oil prices have fallen significantly in recent weeks due to weak global demand, especially from China, which is the world's largest oil importer.

Every now and then, fears are circulated in Iraq about the government’s inability to pay employees’ salaries due to financial liquidity, especially since the country’s oil imports, which constitute more than 90% of the Iraqi economy, are in Iraq’s account at the US Federal Reserve.   link

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

Tishwash:  Are the winds of “economic” change blowing after electronic payment?

Will electronic payment end the fluctuations of the Iraqi economy, and what if it has a negative impact on it? And how can it be controlled without supervision?

These are big questions that the “Iraq Observer” agency puts in the hands of those in charge, while the activities of the “Electronic Payment towards Financial Stability in Iraq” conference were launched today, Saturday, in the capital, Baghdad, under the auspices of Prime Minister Mohammed Shia Al-Sudani, and jointly organized by the Prime Minister’s Office, the Association of Private Banks, and the Central Bank of Iraq, at the Rashid Hotel, with the attendance of Arab and international banking figures.

Absolute rentierism

In turn, the economic expert Abdul Karim Al-Issawi said, “All the economic reforms and legal legislation undertaken by the Iraqi governments in the field of advancing and developing the performance of the economy to reduce the contribution of the extractive sector in the formation of commodity sectors, the contribution of other economic commodity sectors; foremost of which are agriculture and industry.”

Al-Issawi told the Iraq Observer Agency, “The stereotype of absolute rentierism from a single funding source represented by oil export revenues remains as it is.”

The economic expert explained that “one of the reasons for this, most notably the absence of correct and scientific visions to restore life to the manufacturing industries after they were exposed to sabotage and the loss of their qualified cadres, and the industries were exposed to the phenomenon of commercial dumping practiced by neighboring Arab and non-Arab countries, the result of which was their exclusion from competition, in addition to the lack of control over official and unofficial border crossings.”

He continued: “On the other hand, the process of employing workers has doubled as a policy followed by successive Iraqi governments after 2003 for reasons and motives, most of which are political and without well-studied scientific planning. The problem was reinforced by the weak contribution of the private sector to economic development, which did not receive appropriate support.”

He pointed out that there is a point that must be noted and reminded of: the transitional phase laws have increased public expenditures from the federal budget, and as a result, made the allocations for operating expenses account for more than 80% of Iraq's annual budget.

He added, "It is unfortunate that this large amount of spending is not on Iraqi products, but rather on imports of foreign goods and services, and thus is reflected in the economic multiplier of the countries exporting to Iraq."

He said that the reality of the Iraqi economy puts the government of Prime Minister Mohammed Shia al-Sudani before difficult choices that must be made to reduce spending, rationalize government expenditures for the three presidencies, and reduce budget allocations for some ministries that receive taxes from providing services to beneficiaries.

He said: “It is certainly necessary for Iraqi governments to always keep in mind that the issue of diversifying the Iraqi economy is extremely important, given the nature of crude oil in global markets as a commodity that is exposed from time to time to shocks whose effects Iraq cannot avoid due to the lack of economic and financial buffers such as sovereign funds or a stock market, which can be resorted to to provide financial resources to meet the requirements of operational and investment expenses.

He added: “What reinforces these fears are the geopolitical tensions in the Middle East and the military threats between the occupying entity and Iran and other areas in southern Lebanon and Yemen and from parties in Iraq. There is no doubt that a direct military clash will quickly affect Iraq’s oil exports if Iraq’s ports are targeted and the Strait of Hormuz is closed.”

Official reassurance

In turn, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured citizens after the global decline in oil prices.

“Despite the noise surrounding the global energy markets and the conflicting possibilities about their impact on the national economy, it is necessary to know the strengths of the Iraqi economy,” Saleh said in a statement followed by the “Iraq Observer” agency. “The decline in Iraq’s external debt to its lowest level in the last forty years, not exceeding $10 billion, came from the government’s determination to follow a precise program to settle the external debt, which today constitutes less than 9% of the country’s total foreign exchange reserves, which are approximately $108 billion, and are the highest reserves in the country’s monetary and financial history.”

He added, "In terms of stability and growth in economic activity, the growth indicators in the non-oil GDP have touched 6%, supported by construction and housing activities and infrastructure development, in addition to the development of grain sector production, accompanied by the renaissance of the transportation and communications sector and the growth of the digital economy."

Quarter of a billion

While the Central Bank of Iraq's dollar sales amounted to more than $257 million in the currency auction.

The bank sold in its auction the day before yesterday 257 million 345 thousand 110 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to $244,595,110, up 95% from cash sales of $12,750,000.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 15 banks, and the total number of exchange companies participating in the auction was 22 companies.  link

Mot:  ooooooooooh the Insight of the INternet is just Awesome at times!!!!  Fainting goat

https://www.youtube.com/watch?v=NmMKaBL7mks

Mot:  Nothing is Impossible = but… 

Seeds of Wisdom RV and Economic Updates Sunday Morning 9-15-24

Good Morning Dinar Recaps,

BREAKING: RIPPLE CLO CONFIRMS XRP VS. SEC CASE IS FINALLY OVER-$5 NEXT?

▪️Ripple’s legal battle with the SEC concludes, marking a significant moment for the cryptocurrency industry.

▪️Future SEC cases involving digital assets may take into account the fair notice defense that Ripple used.

Stuart Alderoty, Ripple’s Chief Legal Officer, has officially declared the end of the company’s long-running legal battle with the United States Securities and Exchange Commission (SEC), as has been highlighted by blockchain researcher Collin Brown.

Alderoty recently announced that the U.S. District Court for the Southern District of New York, presided over by Judge Analisa Torres, issued its final ruling on August 7, 2024. This ruling is a key milestone for Ripple because the court cut the SEC’s first proposed penalty of over $2 billion to a much more manageable $125 million.

Furthermore, the verdict imposes restrictions on Ripple’s future XRP sales to institutional clients in the United States, indicating a partial triumph for the business.

Ripple Legal Win May Shape Future Crypto Regulation
The outcome of this high-profile case not only brings closure to Ripple, but it also has a long-term consequence on the cryptocurrency sector. Alderoty noted that Ripple’s fair notice defense, a cornerstone of their legal strategy, is still relevant for other cryptocurrency startups facing regulatory problems from the SEC.

This approach has the potential to set precedent in future cases, particularly those involving whether some digital assets qualify as securities under US law. This outcome may influence how authorities handle enforcement actions in the rapidly expanding digital asset industry, where clarity is sometimes missing.

Prior to this statement, as we previously reported, Coinbase’s Chief Legal Officer, Paul Grewal, expressed public concerns about the SEC’s inconsistent treatment of multiple cryptocurrencies.

Grewal specifically addressed the ambiguity surrounding Ethereum’s treatment, which continues to perplex the crypto community.

His critique emphasized the SEC’s shifting posture, leaving market participants unsure about which tokens would be investigated as securities. This broader regulatory picture has made many companies and token holders nervous, as being designated a security can have serious financial ramifications.

Investors Eye the $5 Target
The conclusion of Ripple’s legal battle with the SEC, however, does not eliminate well the uncertainty for XRP holders. But the crypto has been gaining market traction, with XRP last trading at around $0.5859, up 2.76% over the last 24 hours and 10.10% over the last week.

This price increase coincides with newfound hope among many in the XRP community, also known as the XRP Army. According to CNF, analysts, notably Captain Faibik, expect that XRP will achieve a mid-term target of $2.5, igniting hopes for even bigger rises.

Some investors are hoping to break through the $5 mark, which has long been a target but has remained out of reach.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

BRICS NEWS

CHINA AND IRAN CALL FOR ‘DURABLE CEASEFIRE’ IN GAZA AT BRICS SECURITY CONFERENCE

China’s top diplomat Wang Yi meets Russia’s Vladimir Putin and national security chiefs of Iran and India on sidelines of forum

China and Iran jointly called for a “durable ceasefire” in Gaza and resumption of talks for a “two-state” solution on the sidelines of the Brics security conference in Russia.

In a Thursday meeting in St Petersburg, China’s top diplomat Wang Yi and Iranian Supreme National Security Council Secretary Ali Ahmadian discussed the situation in Gaza as tensions between Iran and Israel escalated.

According to a Chinese foreign ministry readout, Wang and Ahmadian both called for “a full withdrawal of troops” from Gaza and Palestinian sovereignty and self-governance.

China advocates a “two-state” solution for the Israeli-Palestinian conflict. Iran, which has long denied Israel’s legitimacy as a state, has shown some signs of a shift in its policy, including voting in favour of a UN resolution on a humanitarian truce in Gaza last year, which also called for a two-state solution.

Iran promised revenge on Israel after Hamas leader Ismail Haniyeh was assassinated in Iran in July.

@ Newshounds News™

Source:  SCMP

~~~~~~~~~

GLOBAL BANKING NETWORK SWIFT PAVES WAY FOR TOKENIZED ASSET INTEGRATION

SWIFT, the global banking communications network, not the wildly popular American popstar, has announced plans to integrate digital assets.

On Sept. 11, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced that it was “paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies.”

The organization has a vision of enabling its members to transact with both traditional and emerging crypto assets on its interbank network.

SWIFT is a cooperative established in 1973 in Belgium and owned by the banks and other member firms that use its services.

Ethereum Connections?
VanEck’s head of digital assets research, Matthew Sigel, observed that the only layer-1 blockchain SWIFT has ever mentioned in such communications is Ethereum.

He also noted that their experiments focus on interoperability between traditional finance and emerging technologies such as tokenized assets and CBDCs.

The announcement acknowledged the growth in tokenized real-world assets (RWA), citing Standard Chartered research that estimated their market size would reach $30 trillion by 2034.

 It added that market sentiment is certainly strong, with 91% of institutional investors interested in investing in tokenized assets.

SWIFT noted that there are currently fragmented “digital islands” due to divergent platforms, technologies, and regulations. There is also a high level of complexity for institutional investors dealing with multiple tokenization platforms.

SWIFT has been experimenting with blockchain transfers and RWA, noting:

“Our successful blockchain interoperability experiments showed how Swift’s infrastructure can facilitate the transfer of tokenized value across public and private blockchains.”

However, it plans to evolve its infrastructure to offer access to digital assets and currencies across various use cases and enable securities investors to simultaneously pay for and exchange tokenized assets in real time.

“The payment leg will initially be made using existing fiat currencies, but will later be able to use tokenized forms of money, such as CBDCs, tokenized commercial bank money, or regulated stablecoins.”

In the coming months, SWIFT plans to continue developing technical solutions with the financial community.

No Crypto on SWIFT
While the announcement sounds promising for crypto, it is highly unlikely that users will be able to send decentralized digital assets such as Bitcoin or Ethereum using the network. However, it could be a boon for the underlying infrastructure, such as Ethereum and Chainlink.

In September 2023, SWIFT conducted an experiment with banks leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

Earlier that year, SWIFT announced a collaboration with Chainlink, which included several financial institutions to assess the feasibility of integrating with diverse blockchain networks.

@ Newshounds News™

Source:   Crypto Potato

~~~~~~~~~

CRYPTO MARKET AWAITS FOMC & POWELL’S SPEECH AMID US FED’S 0.5% RATE CUT BETS

The crypto market awaits the FOMC meeting and Powell's speech, with soaring bets on a 0.5% US Fed rate cut fueling optimism over a potential recovery.

▪️The crypto market expects a 0.5% US Fed rate cut in September, boosting optimism and potential rallies.

▪️The FOMC meeting and Powell's speech are likely to impact the crypto market's upcoming stance and trends.

▪️The soaring bets over the 50 bps Fed rate cut helped Bitcoin price to hit $60K last week.

The crypto market is bracing to enter a crucial week, amid soaring bets over a 50 bps US Fed rate cut. This marks a significant phase for the broader financial market, let alone the crypto space, with the US FOMC interest-rate decision in focus. In addition, Fed Chair Jerome Powell is also scheduled to speak following the FOMC meeting, which would provide cues on the central bank’s upcoming stance with their policy rate plans.

Crypto Market To Enter A Crucial Week
The crypto market eagerly awaits the much-awaited September FOMC meeting on the policy rates. With the latest cooling US CPI and PPI inflation figures, bets are recently soaring over a 0.5% Fed rate cut at the upcoming meeting.

Notably, this optimistic view has also fueled a rally in the broader financial market, with the US stock market noting its best trading week since November last year. In addition, Bitcoin soared past the $60K mark last week, indicating the increasing risk-bet appetite of the market participants.

According to the CME FedWatch Tool, there is a 50% probability of a 50 bps rate cut by the US Federal Reserve at their upcoming meeting. Simultaneously, the same bets are also there towards a smaller rate cut of 0.25%. Besides, the market is anticipating a 100 bps cut in the policy rates with three rate cuts this year. This development appears to have bolstered the broader market sentiment.

Fed Chair Jerome Powell’s Speech In Focus
Following the FOMC interest-rate cut decision on Wednesday, September 18, Fed Chair Jerome Powell is also expected to hold a press conference on the same date. The crypto market will keep a close watch on the speech for cues on the potential move of the central bank going forward.

Although it is expected that Powell would signal a dovish stance, given the recent economic data, any other move could dampen the market sentiment. It’s worth noting that last week Bitcoin and the top altcoins noted a recovery following the soaring bets over a larger interest rate cut.

Having said that, any hawkish comment could hinder the recovery phase of the crypto market, potentially triggering a massive selloff in the broader financial sector.

Meanwhile, September tends to be a bearish month for the crypto sector, especially Bitcoin. However, market expert predicts that with soaring bets over an easing policy rate plan, the market may witness a strong rebound ahead. In addition, the fourth quarter is also expected to bring a bullish sentiment among investors, potentially triggering a rally in the market.

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

Circle predicts stablecoins will become mainstream global payment method

Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space.

Circle, the issuer of the world’s second-largest stablecoin USDC, feels “confident” that stablecoins will become mainstream money. Simultaneously, regulations should be harmonized globally to ensure compliance for all payment stablecoin issuers.

“Circle is confident that there will be mainstream adoption of stablecoins as the money for the internet age,” Dante Disparte, chief strategy officer and head of global policy at Circle, told Cointelegraph in an exclusive interview.

“We expect there will be internet payments firms and other financial services companies that (will) attempt to enter or to expand in this space, which is a strong signal that stablecoins are here to stay,” Disparte pointed out.

However, Disparte feels it is equally important that rules and regulations be harmonized globally. He said that the essential principles of conservative reserving and financial crime compliance should be applied equally to any company claiming to issue a payment stablecoin.

Circle moves to New York  
Disparte’s comments come as the stablecoin issuer prepares to move its global headquarters to New York by early 2025 after filing for an initial public offering (IPO) in January.

Disparte pointed out that the US framework empowers state banking and money transmission supervisors to develop and regulate the payments industry at the state level. Other countries regulate payments or electronic money (e-money) activities at a national level.

“A key question now is whether the US will finally enact federal stablecoin rules or maintain the status quo of uncertainty, which policymakers in both US political parties say is unacceptable,” Disparte said. He explained:

“The absence of a US regulatory framework for dollar-referenced stablecoins represents a threat to American interests. This vacuum could incentivize the creation of products that exploit trust in the dollar while bypassing US regulations, potentially becoming a refuge for illicit actors.”

Federal legislation for payment stablecoins is essential to promote safe competition for how Americans send, spend, save, and secure their money in an increasingly technology-dependent market, according to Disparte.

The stablecoin bill, advanced by the House Financial Services Committee in July 2023 has generated significant policy momentum and support, he said.

“Congress should approve such a bill on a bipartisan basis, and the President should sign it if it comes to his desk. The legislation would create a floor for all issuers to comply with US anti-money laundering, countering terrorist financing and sanctions obligations,” Disparte said.

He added that these norms should be applied to US issuers of payment stablecoins, as well as their international counterparts, many of whom are being licensed to issue dollar-denominated stablecoins from jurisdictions including the EU and UAE.

Will EU’s MiCA 2.0 fill gaps in the regime?
The European Union’s Markets in Crypto-Assets Regulation (MiCA) came into partial effect in June, with new rules concerning stablecoins coming into force on June 30.

On July 1, Circle said it had become the first global stablecoin issuer to achieve compliance with the MiCA regulatory framework after it got the Electronic Money Institution (EMI) license from the French banking regulatory authority. Circle’s USDC (USDC) and EURC are regulatory compliant under the new rules.

“With MiCA, Europe succeeded in doing what other jurisdictions, including the U.S., have yet to achieve: provide legal and regulatory clarity for not one piece of the digital asset market, but all of it,” Disparte said. However, he pointed out:

“Like all novel rules or comprehensive regulations, MiCA is imperfect, and in places overly prescriptive, so much so that EU policymakers are already contemplating MiCA 2.0, which would potentially fill certain gaps in the regime, such as non-fungible tokens, decentralized finance and other areas.”

Stablecoin market sees increasing competition
Competition in the stablecoin market is heating up with new entrants like PayPal’s USD-pegged stablecoin, PayPal USD , which has already surpassed $1 billion in market cap. Ripple Labs has started testing its USD-pegged stablecoin, Ripple USD (RLUSD), on both the XRP ledger and Ethereum, and it plans to expand to more blockchains.

Tether’s USDT remains the largest stablecoin with a market cap exceeding $118 billion, according to data from CoinMarketCap. Tether has also announced plans for a new stablecoin pegged to the UAE dirham (AED).

On Aug. 26, the market cap for stablecoins, excluding algorithmic ones, reached a record $168 billion. The market hit an all-time high of $167 billion in March 2022 but fell to $135 billion by the end of that year.

“We invite any competitors to come to America, the EU, Singapore, and beyond, to submit themselves to a vigorous licensing process, to follow the same standards that are the bedrock of our company, and to join us as regulation-first, compliant companies so that this ecosystem can grow and thrive long into the future,” Disparte added.

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

SILVER UPDATES  | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Team Currency Facts

~~~~~~~~~

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News, Rumors and Opinions Sunday AM 9-15-2024

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 Sun. 15 Sept. 2024

Compiled Sun. 15 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sat. 14 Sept. 2024 Wolverine: “Guys, I’ve just been told that the RV has started as Iraq is officially live on the big screen. By tomorrow Mon. 16 Sept. we should have Tiers starting to receive payment, which is liquid money. Waiting to hear more later on. I’m very certain that notification should come any day now.

Wolverine: Like I was told, September is the golden month. …I’m absolutely excited. Some people have been waiting for this for thirty years. We were told that this has started. It is liquid money. It is my opinion that notifications should be coming out today Sun. 15 Sept, or tomorrow Mon. 16 Sept. at the latest. Take care. Have a beautiful day.” …Wolverine

Later Sat. 14 Sept. 2024 Wolverine: “All banks have paid the transactions released yesterday in their accounts. Now they just need to send the notifications to those involved. You can celebrate because there is no turning back. They have up to 72 hours to finalize the transaction, with the risk of a fine of 20 billion per institution. The Hague Court entered this battle and brought order to this brothel.” https://www.in.gov.br/web/dou/-/resolucao-bcb-n-410-de-11-de-setembro-de-2024-584289886

Sat. 14 Sept. 2024 TNTRayren98: “Every source is saying it completed last night Fri. 13 Sept. We are awaiting start time.”

Sat. 14 Sept. 2024 MarkZ: “I finally found a bond person NOT under an NDA. A really big bond deal. I did a little poking and was informed there is a final bond contract getting paid on the 18th. I find this interesting because it appears that starting on the 18th they are not making them sign an NDA on bond deals. I did a quick search and found another bond holder with an appointment just after the 18th….none of those require an NDA. To me this is huge good news and means they plan on having most bonds done by the 18th because then it won’t matter about the secrecy.

Sat. 14 Sept. 2024 JR VERIFIED bank story on Telegram: 1 million Dinar is showing on bank screens for $800 USD. That means that the Dinar is in play, tradable and the value is increasing. We’re not there yet, but there is movement.

Sat. 14 Sept. 2024: Bombshell! RESTITUTION: The Future of America’s Economy, the US Debt Clock, and the XRPL Revolution – From U****c. to USA Republic (video) – amg-news.com – American Media Group

BRICS Announces 34 New Countries Formally Applied to Join the Alliance https://watcher.guru/news/brics-announces-34-new-countries-formally-applied-to-join-the-alliance

The US Dollar is Upgrading: Welcome to the Decentralized Future! …US Debt Clock on Telegram

On Mon. 16 Sept. at 8 pm EST the announcement of World Liberty Finance will officially mark our transition into Decentralized Finance (DeFi), a system designed for true freedom and financial empowerment. We are about to leaving the slow and outdated BIG banks behind.

This secret window posted on (9/12/2024) from the US Debt Clock proves that the plan is unfolding exactly as anticipated. We are upgrading the US dollar—it’s no longer just a currency. It’s a stock, it’s a bond, and it’s A BANKLESS REVOLUTION, that eliminates unnecessary middlemen and gives power back to the people.

We’ve talked about this for years, and now, it’s all coming to life. The future of finance is decentralized, and World Liberty Finance is the key to unlocking it.

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

Sat. 14 Sept. 2024 Bond Payout by Batman

Payouts to the large bondholders will only take one week and not the 6-12 months stated. I know this as fact.

Redemption of the bonds will actually fund the GCR. This is how the gold will be transferred to back the new asset-backed currencies worldwide. Again, this is something I know as fact.

Payments being made this week will include instant liquidity.

The percentage of the monetary value of the legitimate bonds outstanding I believe will be well over 90%.

The facts I receive are not from another guru, or a Telegram channel or some other pundit. They come directly from the source. People can either accept that or dismiss it. If it helps some people, then great. If people don’t want to believe that or if they want to dismiss it then so be it.

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

Global Financial Crisis:

The USA is paying $3 BILLION a day in interest expenses.

Sat. 14 Sept. 2024 Foreign Banks Now Officially Target UBS: The traditional foreign bank was long considered a dying model. Following the end of Credit Suisse, the remaining players were now planning to go on the offensive. https://www.finews.com/news/english-news/64356-auslandbanken-credit-suisse-ubs-schroder-adrian-noesberger-afbs-2

Sat. 14 Sept. 2024: JPMorgan Chief Jamie Dimon has warned US economy faces an outcome worse than a recession.

Many years ago a politician exposed the Central Bank Scam to Congress: “All banks across the Globe are presently broke because of their practice of Fractional Banking where they have lent money that they don’t have. They print and use money that has no backing. If any of us did that we would go to prison.”

Sat. 14 Sept. 2024 Canada: Hey folks. Your neighbor here, figured I’d share some info with you. I’m Canadian. Walmart here will stop accepting USD on September 23rd. I’ve been digging trying to find out why. No one seems to know, I’ve had people dance around the question. If been left on hold for more than 20 mins until I’ve had to hang up. The closest thing I got to an answer was from a manager that said “It has something to do with new security features on the bills, and our machines can’t recognize it or accept it.” Anyone have any idea what’s going on? …Jay Rider on Telegram

Read full post here:  https://dinarchronicles.com/2024/09/15/restored-republic-via-a-gcr-update-as-of-september-15-2024/

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
TV had the crooks on saying changing the exchange rates will lead to deep corruption and smuggling.  They are trying everything to stop this.  FRANK: Yes, they're crooks...They are so angry there's no more auctions.  There's no more ability for them to steal what they have been stealing from you...You have great leadership with Sudani...They cant's steal anymore, isn't it fantastic?

Clare  Article: "Iraq buys nearly 52 tons of gold in three years"  Quote: "According to the latest schedule published in September by the Council...Iraq bought 51.9 tons of gold during the previous years from 2022 until September2024...Iraq bought 33.9 tons of gold in 2022, 12.3 tons in 2023, and 5.7 tons in 2024, including 3.1 tons in February and 2.6 tons in May."

US Is Disappointed by the Decision: Who is Next?

Fastepo:  9-15-2024

The U.S. withdrawal from Iraq, scheduled to occur between 2024 and 2026, represents the culmination of a series of failures in the region, ultimately leading to America being pushed out of a country it once invaded with overwhelming force.

The withdrawal, set to unfold in two phases, reflects how the U.S. found itself unable to sustain a lasting and stable presence in Iraq. The reduction of troops, particularly from 2024 onward, marks the final chapter of America's involvement, which began with the 2003 invasion to oust Saddam Hussein under the pretext of non-existent weapons of mass destruction.

At the height of the Iraq War in 2007, the U.S. had over 170,000 troops deployed, struggling to contain a civil war and insurgency that their invasion had unleashed.

The troop surge was a desperate attempt to salvage the situation, and while it temporarily reduced violence, it failed to secure long-term peace or stability. After withdrawing in 2011, the rise of ISIS in 2014 forced the U.S. to return under Operation Inherent Resolve, aiming to counter the extremist group.

Yet even this intervention revealed the limitations of American military power, as U.S. forces found themselves bogged down in an increasingly hostile environment. The political landscape in Iraq shifted decisively against the U.S. presence following the 2020 assassination of Iranian General Qassem Soleimani by an American drone strike in Baghdad.

This event sharply escalated tensions, with the Iraqi parliament passing a resolution demanding the complete expulsion of foreign troops. It was a clear signal: the U.S. was no longer welcome. Iranian-backed militias, which had gained significant influence within Iraq, intensified their attacks on American positions, using rockets and drones to target bases and force the U.S. to reconsider its presence.

The Iraqi government, under Prime Minister Mohammed Shia al-Sudani, has responded to this pressure by advocating for a U.S. withdrawal. Claiming that Iraq’s security forces are now capable of defending the nation, the Prime Minister has underscored Iraq's desire to assert its sovereignty and independence, free from the shadow of foreign military presence.

The drawdown of U.S. forces, therefore, reflects a broader failure of American policy in Iraq. Once seen as a liberating force, the U.S. presence has come to be viewed as a destabilizing influence, contributing to the very unrest it sought to quell.

https://www.youtube.com/watch?v=TAe5r4fuahA

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 9-14-24

Good Afternoon Dinar Recaps,

XRP Ledger Set for Upgrades as Amendments Secure Majority

XRP Ledger (XRPL) might be poised for significant upgrades in the days ahead as key amendments have recently gained majority support from the network's validators.

On XRP Ledger, fully functional transaction process changes are introduced as amendments and validators vote on them. According to Vet, an XRPL dUNL validator, two XRP Ledger amendments just gained the majority and are now in the two-week activation period. These two amendments are fixPreviousTxnID and fixEmptyDID, a crucial amendment required before the DID amendment.

Amendments represent new features or other changes to transaction processing. The amendment system utilizes the consensus process to approve any changes that affect transaction processing on XRP Ledger.

To be enabled, amendments must have at least 80% support from trusted validators for two weeks. If support falls below 80%, the amendment is temporarily rejected, and the two-week time frame repeats.

If an amendment achieves more than 80% support for two weeks, it passes and the change is permanent for all subsequent ledger versions. To disable a previously enacted amendment, a new amendment must be introduced.

Two new XRPL specs published Aside from the two amendments that have entered the two-week activation period, Mayukha Vadari, a senior software engineer at RippleX announced the addition of two new specs to XRP Ledger this week. Vadari in a tweet stated she had published two new XRPL specs focused around permissioning and compliance.

First, XLS-80d: Permissioned Domains, which is a building block feature aimed at making on-chain permissioning easier to handle, developing on top of XLS-70d. Second, XLS-81d: Permissioned DEX — Secure and regulated trading environments. Vadari believes that these additions will help to drive greater flexibility and safety on XRPL.

@ Newshounds News™

Source:  U Today

~~~~~~~~~

New US Bill Aims To Bring Order To Crypto Chaos With Unified Regulations

Congressman John Rose of Tennessee introduced the “BRIDGE Digital Assets Act,” one of the most important legislative proposals with changes in the regulatory landscape of crypto assets in the United States.

It provides for a Joint Advisory Committee consisting of participants from the Securities and Exchange Commission and the Commodity Futures Trading Commission. It would, therefore, look to harmonize the sometimes-conflicting regulations existing presently between the two agencies for digital assets, coming under both securities and commodities jurisdictions.

Rose argues that the “regulation-by-enforcement” approach stifles innovation and drives investment overseas, requiring the United States to create an environment friendlier to digital asset development.

Joint Committee’s Role
It proposes a composition for the Joint Advisory Committee that should consist of at least 20 participants from the private sector, including digital asset issuers, academic researchers, and users.

They would be able to provide insight into and make recommendations regarding digital asset regulations with respect to aspects such as decentralization, functionality, and security.

The committee will be expected to meet at least twice a year, with findings and recommendations mandated to be done and given both to the SEC and the CFTC. This collaborative approach could bridge the regulatory gap to create a more cohesive approach in regulating digital assets, hence benefiting both consumers and investors.

Addressing Gaps In Crypto Regulation
One of the key features of the BRIDGE Digital Assets Act is that it aims to deal with the confusion at the current regulatory level. Both the SEC and CFTC interpret digital assets in a different way, hence creating confusion among businesses and investors.

The bill calls for a joint committee where the two agencies further align their regulatory frameworks with cooperation and clarity. The catch here is that the alignment shall avail an opportunity for a harmonized approach in the regulation of digital assets, which if realized would raise the protection of customers, as well as disclosure and economies in transaction costs.

Future Implications
The BRIDGE Digital Assets Act could be a major change in how digital assets are regulated in the United States. It also includes a specific timeline for actualizing the bill: the agencies, the SEC and CFTC, will adopt a joint charter to provide for the committee within 90 days and will appoint the members on the committee within 120 days, while the first meeting is expected to take place within 180 days of the enactment.

This structured approach not only sets a framework for the improvement of regulatory practices but also points toward new innovation in the digital asset space. As the crypto industry is still evolving, perhaps the BRIDGE Act would be the key to unlock such a balance between regulation and innovation, one that will finally play to the benefit of the US economy and its positioning in the global digital asset landscape.

@ Newshound

Cardano (ADA) Upgrade Ogmios v6.7.0 Just Landed: What's New

The novel release of Ogmios, a Cardano-node bridge interface responsible for the interaction with Ouroboros via JSON/RPC endpoints, addresses the issues with the so-called transactions era mismatch, CF open source tech director says. 

Cardano (ADA) era mismatch errors are gone with Ogmios v6.7.0 release Cardano (ADA), a major proof-of-stake (PoS) network, received an upgrade for Ogmios, a crucial component of its node software stack. Ogmios v6.7.0 release is focused on fixing the issues with transactions from previous "Eras," i.e., phases of Cardano (ADA) consensus maturation.

As explained by Cardano Foundation tech director Matthias Benkort, with the new software activated, the system automatically upgrades transactions from previous eras (up until Alonzo) on submission.

Published Sept. 13, 2024, Ogmios v6.7.0 is designed to address the issue where the ledger would complain about receiving a transaction in an invalid era (typically Babbage or Alonzo) while being in a more recent era (typically Conway). As covered by U.Today previously, Cardano (ADA) ushered into Conway era with the activation of its long-anticipated Chang hard fork.

The upgrade affects the period after the activation of the Alonzo hard fork in mid-September 2021. DEX Screener finally added Cardano (ADA) liquidity pools tracking Software packages with the upgrade are available in the official GitHub repository of Cardano (ADA) dubbed Cardano Solutions.

The Cardano (ADA) ecosystem witnessed yet another major milestone this week. For the first time ever, its liquidity pools became visible on DEX Screener, a popular browsing platform for decentralized finance (DeFi).

As of printing time, DEX Screener tracks 34 ADA-based liquidity mechanisms with various Cardano-based altcoins. The largest one, BOOK/ADA has a verified marker cap of $121 million in equivalent while SNEK/ADA amassed $55 million.

@ Newshounds News™

Source:   U Today  

~~~~~~~~~

Ripple Set to Introduce Ethereum-Compatible Smart Contracts on XRP Ledger

This upgrade will enable developers to create scalable dApps, DeFi projects, and supply chain management solutions across XRPL, Ethereum, and EVM networks.

▪️Ripple is upgrading the XRP Ledger with Ethereum-compatible smart contracts via a new sidechain.

▪️The upgrade incorporates the Axelar network for cross-chain token transfers and introduces Wrapped XRP (eXRP) as the main token on the sidechain.

▪️It sparked debate within the XRP community about Ripple's long-term strategy, particularly regarding the company's support for RLUSD on the Ethereum blockchain.

@ Newshounds News™

Source:  Newz Chain

~~~~~~~~~

IMF Backs BRICS Expansion

Enhanced international economic cooperation “should be welcomed and encouraged,” a spokeswoman has said.

ASIATODAY.ID, ANKARA – Expansion of BRICS could be beneficial globally and should therefore be “encouraged,” Julie Kozack, a spokeswoman for the International Monetary Fund (IMF), told journalists on Friday in response to a question about Ankara’s plans to join the group.

Türkiye was the latest nation to formally apply for BRICS membership in early September. Founded in 2009 by Russia, China, India and Brazil, the organization was joined by South Africa the following year. In 2024, the group expanded further to include Egypt, Iran, the United Arab Emirates and Ethiopia.

Earlier on Friday, Russian President Vladimir Putin noted that up to 34 nations had expressed interest in BRICS, with ongoing discussions about potential partnerships.

When asked if the IMF “sees any dangers in BRICS,” Kozack replied, “our view is that improved and expanding international cooperation and deepening trade and investment ties among groups of countries should be welcomed and encouraged,” especially if aimed at “reducing fragmentation and lowering trade and investment costs” among participating nations.

The spokeswoman also emphasized that “the decision to join such initiatives is a sovereign decision of each member country.”

Ankara has previously asserted its right to establish relations with any nation or international organization it deems fit, stating that its engagement with BRICS or the Shanghai Cooperation Organization (SCO) does not interfere with its other commitments, including to NATO.

“We do not consider BRICS to be an alternative to any other structure. We regard all these structures and alliances as having distinct functions,” Turkish President Recep Tayyip Erdogan said earlier. He added that Ankara seeks to be a “reliable partner” for all organizations it is part of.

“As a NATO member, we do not see it as a problem to interact with countries in the SCO, BRICS, the European Union, or the Organization of Turkic States. We believe these relationships contribute to world peace,” the Turkish leader stated.

Bloomberg reported earlier in September that Turkish membership could be considered at the upcoming BRICS summit in Kazan, Russia, in late October. Erdogan has been invited to the meeting. Russian presidential aide Yury Ushakov confirmed that Ankara formally applied for membership and said the organization would consider it. (RT/AT Network)

@ Newshounds News™

Source:   Asia Today

~~~~~~~~~

In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance

As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide.

Transforming Global Finance: The Rising Influence of Stablecoins
According to the Castle Island Ventures report, stablecoins, once primarily used as trading tools within the cryptocurrency space, are now integral to more traditional financial transactions.

This transformation reflects a significant shift from their initial purpose, highlighting their importance beyond the crypto-sphere.

Researchers point to a staggering $2.6 trillion in transactions settled through stablecoins in the first half of 2024 alone, indicating their growing prominence as a reliable medium for both everyday and large-scale financial activities. 

The report notes that over 20 million addresses engage with stablecoins monthly, highlighting their critical role in the financial practices of both individuals and businesses globally.

In emerging markets, stablecoins are increasingly preferred for their ease of use and reliability, providing a digital alternative to traditional banking systems that may be inaccessible or unreliable. This trend is particularly pronounced in regions with volatile economic conditions, where stablecoins offer a semblance of stability and security. The report states:

Stablecoins are particularly appealing when dollar banking is non-existent or hard to access, in countries exhibiting high inflation, or countries with poor or costly access to fiat transactional networks.

In the report, Castle Island Ventures explained it collaborates closely with regulatory bodies to navigate the complexities of the global financial landscape.

The researchers conclude that evolving regulatory frameworks are crucial for maintaining the integrity and efficacy of stablecoin transactions, which promise to enhance financial inclusion worldwide.

@ Newshounds News™

Source:  Bitcoin

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THIS IS IMPORTANT - New Bill Seeks To Reconcile Regulatory Division Between SEC and CFTC | Youtube 

@ Newshounds News™

Source: Seeds of Wisdom Team Currency Facts

~~~~~~~~~

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Thank you Dinar Recaps

News, Rumors and Opinions Saturday Afternoon 9-14-2024

KTFA:

Clare:  Iraq buys nearly 52 tons of gold in three years

9/14/2024

The World Gold Council announced on Saturday that Iraq has bought about 52 tons of gold during the past three years.

According to the latest schedule published in September by the Council and reviewed by Shafaq News Agency, "Iraq bought 51.9 tons of gold during the previous years from 2022 until September 2024."

He added, "Iraq bought 33.9 tons of gold in 2022, 12.3 tons in 2023, and 5.7 tons in 2024, including 3.1 tons in February and 2.6 tons in May."

The World Gold Council is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.    LINK

Clare:  Al-Sudani: Iraq today is on the right path

9/14/2024

Prime Minister Mohammed Shia Al-Sudani, during a dialogue seminar by the Anki Foundation for Studies and Research on the path to development, in the presence of Mr. Al-Hakim:

Iraq depends on oil as the only source to cover its expenses, which have begun to increase.

The development path needs more study and clarification.

We must think properly to activate sectors that support oil.

- There must be projects that suit Iraq to be a focus of development.

We have started establishing and implementing the development road project, which will transform Iraq into an open country.

We have unnatural materials that have not been exploited in industries and the strategic location of Iraq. 

We are in the planning, design and other studies phase and we have approached the World Bank to begin implementing the development road from Basra to Mosul.

Capital finds opportunity in Iraq amid security and political stability

- Many capitals want to invest in Iraq

Iraq today is on the right track   LINK

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Clare: Al-Alaq: The number of digital banks in Iraq will be greater than neighboring countries

9/14/2024

The Governor of the Central Bank of Iraq expected, on Saturday, that the number of digital banks in the country would increase and be larger than in neighboring countries.

This came during his hosting of the activities of the Electronic Payment Conference towards Financial Stability in Iraq, which was launched in the capital, Baghdad, and was attended by a Shafaq News Agency correspondent.

Al-Alaq said during the hosting that “the experience of digital banks in the world is an experience that indicates a shift towards an approach that is completely consistent with technical developments and employing them in a direction that serves various operations.”

He added, "Digital banks are widely spread in the world, and the volume of financial transactions for these banks has reached about 5 trillion annually, and it is hoped that the number will reach about 7 trillion dollars by the year 2027."

Al-Alaq also pointed out that this is an important indicator that calls on us to stimulate this aspect, focus on it and push it forward, adding that “Iraq will be one of the countries that will advance in digital banks that occupy an important space, and the number of these banks in Iraq will be greater than in neighboring countries.”

He continued by saying, "Before launching the licensing round for digital banks, the Central Bank conducted in-depth studies and reviewed the experiences of other countries extensively until we set the necessary rules and controls to license this type of bank."

The Central Bank Governor concluded his speech by saying, “We were surprised that the number of applicants to establish digital banks exceeded 70 banks,” stressing that “the Central Bank is studying the applications to establish digital banks, sorting them out, and selecting a limited number of them.” LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Television is talking about a historical meeting and it was all good. It was between Erbil and Baghdad.  After the meeting they said all pay will be equal now, that's saying the HCL is done.  They're saying salaries will be released Sunday.   However Sunday is a big holiday for us so let's see what happens. 

Militia Man  The news out of late is completely off the charts and it points to I believe international.  Internationalism is where Iraq is headed.  I don't believe for a minute they're going to stop until they complete it...

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

Dollar 's Demise: End of Hegemony, Currency Multipolarity, mBridge, Global Economics| Dr W. Powell

Lena Petrova:  9-14-2024

The US dollar, as the global reserve currency, has been the backbone of the United States as a great power and without a strong dollar, its days of unquestionable hegemony are numbered.

How quickly will de-dollarization happen? Is the Global majority de-dollarizing in order to simply take revenge, to cause a power shift or are there are much deeper, much more complex reasons that nobody is talking about?

 I had the pleasure of discussing mBRIDGE, BRICS' currency backed by commodities, US dollar demise due to weakening US global role and other important topics with a wonderful guest. I’m excited to be joined by Dr. Warwick Powell.

Warwick is an Adjunct Professor at Queensland University of Technology in Australia. He is the go-to expert on on digital technologies, global political economy & governance. Also, Warwick is  a Senior Fellow at Taihe Institute in Beijing.

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

Seeds of Wisdom RV and Economic Updates Saturday Morning 9-14-24

Good Morning Dinar Recaps,

Positioning for growth in Hong Kong’s evolving digital assets markets

Hong Kong has evolved rapidly into a global beacon for the issuance and trade of digital assets, with investors attracted to the city’s growing liquidity and to incentives and guardrails provided by a proactive regulator.

Innovation within the space has seen not only crypto spot and futures ETFs flourish, but also the issuance of the world’s first blockchain-based, multi-currency green bond. 

The market is now anticipating more, with the establishment of a stablecoin sandbox earlier this year set to see more digital products hit the market.

The demand for new investment opportunities including ETFs has been strong for both institutions and retail investors, including family office, who are relatively new to the asset class, experts at a recent Bloomberg conference said.

Global demand goes local
A conference speaker shared that digital asset is a fast-growth market, with more than $100 billion invested in at least 245 crypto ETFs worldwide, and Hong Kong has responded enthusiastically to capitalizing on this growing market.

The Securities and Futures Commission (SFC) has approved five bitcoin and ether spot and futures-based ETFs in the city, launched by China AMC, Bosera, Harvest, CSOP, and Samsung.

More digital investment products are in the pipeline too, stablecoins among them. These are digital assets tied to fiat currencies that are seen as essential to anchoring the asset class into regular markets. Several stablecoins are being considered for inclusion in a sandbox programme devised by the Hong Kong Monetary Authority (HKMA).

Additionally, a robust cross-border market infrastructure that provides a bridge to the huge market in mainland China is expected to bring firepower to new markets. So-called dim sum bonds, for instance, facilitate investment in both directions across the frontier – including by global firms based south of the border – and can be crafted to embrace digital assets.

The characteristics of the Hong Kong market that make it attractive to other asset investors also apply to digital assets. Its low-tax fiscal regime operates within a business-friendly environment backed by a strong legal system.

Strong regulatory backing to foster growth
A regulatory framework engineered by the SFC and HKMA to provide a supportive environment for investors is enabling Hong Kong’s rise as a digital power. The rapid approval of crypto ETFs, the licensing of trading platforms, and the stablecoin sandbox have boosted confidence in Hong Kong’s potential to be a regional hub.

Tokenization: A democratizing force in investing
The same drivers of demand for digital assets – principally institutions and family offices – would likely clamor for more tokenized products. The cost of trading them is lower and execution is instantaneous – an important consideration amid the operational expense being incurred to meet T+1 post-trade settlement rules.

Hong Kong has the infrastructure in place to accommodate an expansion of its tokenized offerings, and it is at no greater disadvantage than its competitors in terms of the challenges that tokenization presents. Ensuring trusted and secure data, and formulating roadmaps to advance from product proof-of-concept stages are difficulties faced by product manufacturers worldwide.

Technology is crucial to seize new opportunities

With Hong Kong’s prospect of strengthening its position at the digital asset vanguard, market participants will look to update their data and technology stacks to take advantage of the coming opportunities. That’s likely to be the case for wealth managers and family offices especially, which are less likely to have the expertise or tools to operate optimally within the digital space.

Technology will also be crucial in meeting the fast-changing regulatory obligations as well as to enable firms to tap new opportunities associated with the market.

@ Newshounds News™

Read more:  Bloomberg

~~~~~~~~~

BIS Codifies VSD Policies, Removes Caps on Non-Egregious Base Export Penalties
13 Sep 2024 by Ian Cohen

A new final rule issued by the Bureau of Industry and Security this week will codify a host of updates the agency made to its administrative enforcement policies over the past three years, including measures to help BIS more quickly resolve minor voluntary disclosures and increase penalties on exporters who choose not to report serious violations.

 Other changes will give BIS broader discretion to impose higher fines, including by eliminating language that had capped maximum base civil penalties for “non-egregious” violations.

@ Newshounds News™

Read more:  Export Compliance Daily

~~~~~~~~~

BRICS NEWS: WILL SAUDI ARABIA’S DITCHING OF THE PETRODOLLAR OPEN THE DOOR FOR BITCOIN AND XRP IN OIL SETTLEMENTS?

▪️US dollar under serious threat as Saudi Arabia’s top official discloses that the country is open to using Yuan for crude settlement amid the upcoming BRICS Summit.

▪️However, the US could “put up a fight” as former president Donald Trump proposes 100% tariffs on countries moving away.

The de-dollarization strategy is still on as Saudi Arabia seeks to implement the BRICS long-term goal by moving away from the Petrodollar to the Petroyuan. While the Middle Eastern country has not yet joined the alliance, it has been invited to attend the 2024 summit.

 Before its official acceptance, Saudi Arabia doubled its effort to strengthen its existing relationship with China by incorporating Chinese products such as the C919 passenger jet, electric vehicles, and renewable energy infrastructure.

To take this relationship to the next level, Saudi Minister of Industry and Mineral Resources Bandar Al-khorayef has disclosed that the country is open to new ideas, including using yuan in a crude settlement. According to him, their decision hinges on the country’s best interest, as they try not to mix politics with business.

The petroyuan is not substantial to [the ministry]; we believe Saudi Arabia will do what’s in its best interest … but I think Saudi Arabia will always try new things and is open to new ideas, and we try not to mix politics with commerce.

According to experts, the broader use of petroyuan is seen as the next step for the internationalization of the Chinese currency and a challenge to the US dollar’s dominance. Beijing’s effort to advance the reach of the Yuan in international trade is evident in the three-year currency swap deal signed with Saudi Arabia last year. This deal was worth 50 billion yuan (US$7.1 billion) and demanded that trading partners trade in local currencies.

Saudi Arabia Defends Idea, BRICS Alliance Receives Massive Interest
Saudi Arabia is China’s second-largest source of crude export and a formidable entity in global supplies. This implies that ditching the Petrodollar could greatly impact the US economy.

Speaking on this possibility, Khorayef explained that its monitoring policy is based on balancing the exchange rate between the yuan and the US dollar. However, he did not provide a timeline for when this would happen.

This gives us a great opportunity to plan and compete, but most importantly, it gives our investors who will invest in our country the ability to hedge their risk on currency…From a commercial point of view, between a supplier and a customer, I think such an arrangement can happen with the freedom they have. It is not something that we would look at from a policy point of view.

Conversely, BRICS is increasing its effort to mitigate the reliance on the US dollar by designing its native currency.

Fascinatingly, this idea has resonated with over 50 countries which have expressed interest in joining the alliance. According to our previous report, all interested countries are located within four main continents – Asia, Africa, South America, and Eastern Europe.

According to analysts,  However, the US is willing to strongly resist this expansion as presidential candidate Donald Trump threatens that the BRICS initiative and the successful implementation of the pretroyuan idea could position Bitcoin and XRP as places of exploration. his administration would impose a 100% tariff on these countries. As we explained, Trump has also proposed a 60% increment on all Chinese imports when elected into office.

@ Newshounds News™

Source:  Crypto News Flash   

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In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance

As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide.

Transforming Global Finance: The Rising Influence of Stablecoins

According to the Castle Island Ventures report, stablecoins, once primarily used as trading tools within the cryptocurrency space, are now integral to more traditional financial transactions.

This transformation reflects a significant shift from their initial purpose, highlighting their importance beyond the crypto-sphere.

Researchers point to a staggering $2.6 trillion in transactions settled through stablecoins in the first half of 2024 alone, indicating their growing prominence as a reliable medium for both everyday and large-scale financial activities.

The report notes that over 20 million addresses engage with stablecoins monthly, highlighting their critical role in the financial practices of both individuals and businesses globally.

In emerging markets, stablecoins are increasingly preferred for their ease of use and reliability, providing a digital alternative to traditional banking systems that may be inaccessible or unreliable. 

This trend is particularly pronounced in regions with volatile economic conditions, where stablecoins offer a semblance of stability and security. The report states:

Stablecoins are particularly appealing when dollar banking is non-existent or hard to access, in countries exhibiting high inflation, or countries with poor or costly access to fiat transactional networks.

In the report, Castle Island Ventures explained it collaborates closely with regulatory bodies to navigate the complexities of the global financial landscape. 

The researchers conclude that evolving regulatory frameworks are crucial for maintaining the integrity and efficacy of stablecoin transactions, which promise to enhance financial inclusion worldwide.

@ Newshounds News™

Source:  Bitcoin News

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THIS IS IMPORTANT - New Bill Seeks To Reconcile Regulatory Division Between SEC and CFTC | Youtube

@ Newshounds News™

Source: Seeds of Wisdom Currency Facts

~~~~~~~~~

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Bits and Pieces is Dinarland Saturday AM 9-14-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 14 Sept. 2024

Compiled Sat. 14 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Opinions/Rumors)

Fri. 13 Sept. 2024 Wolverine:

It looks like it has started.  I said two days ago that Zurich had started. It is a process. If you have not received your blessing it is because it is not yet your turn.  I received intel two days ago from various sources coming out, and one big source came from Mauricio, and he is delighted that things have started.

Wolverine cont……We also have info from San Paulo that there are sovereign payments, and various other places, including Miami.

This is to come through in the month of September and it will be a glorious month. Everyone is to be paid this month, even the Tier4B people, all this within a few days.

We are in a critical stage now. There are evil people in these channels, and would not be surprised even in the Chosen One channel, as well, trying to get as much intel to order to do harm to anyone of us.

I am not going to go to Colombia due to security reasons. Have been asked by close friends not to go.  It is a lovely country, but in every country, there are bad people.  

The US Treasury has been given orders to release the funds. Hold on to your boots – it is coming. 

The Yellow Dragon bonds are to close soon.  Make sure to send me a private message if you are interested, so you can acquire those funds which are so valuable.

I get sporadic intel at any hour of the day. I should have a surprise for you, if all I have been told comes through, then we will have an IMPROMPTU CALL  later on today.

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Wed. 11 Sept. 2024 MarkZ: “My expected window opens today (Wed. 11 Sept. through Sun. 15 Sept).

Fri. 13 Sept. 2024 Iraq is having an important meeting this weekend to announce a new digital economic system backed in assets.

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Global Financial Crisis:

Fri. 13 Sept. 2024 Libya still cut off from foreign banks, defiant veteran central banker says. Libya’s central bank, at the centre of a weeks-long crisis that has slashed oil output, remains cut off from the international financial system, its veteran governor who was removed by political factions in a contested move told Reuters on Thursday. Sadiq al-Kabir, speaking from self-imposed exile in Istanbul, said the Central Bank of Libya (CBL) board appointed by western Libyan factions to replace him controls the country’s internal payments system but foreign banks are not dealing with it. “All international banks that we deal with, more than 30 major international institutions, have suspended all transactions,” he said, adding that he also remained in contact with other institutions including the International Monetary Fund, the U.S. Treasury and JPMorgan.

Fri. 13 Sept. 2024: “America is going bankrupt extremely quickly. The interest payments on the national debt just exceeded the defense budget.”  …Elon Musk on Telegram

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Fri. 13 Sept. 2024 Military in training for Implementation of the Emergency Broadcast System. …John F. Kennedy Jr. on Telegram

We hear the schedule is now finally firm, but again I’m just the messenger. Be ready to adjust if needed in regards to possible time changes. Only a select few know the moment of exact and precise timing of events. For security and other obvious reasons it must be properly kept private.

People are urged to stock up on at least three weeks of food and water. Be prepared with food, water, toilet paper, generators etc. for this great awakening reveal.

We will have new currency called the USN US NOTE and gold backed.

The time is now to alert as many who will listen. Do not have too much pride. Go warn those you love even though they think you’re crazy. Your goal for others is truly to help absorb the shock of what is coming.

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Fri. 13 Sept. 2024 Quantum Financial System, Global Currency Reset, and the Med Beds 5D ~ Trust the Plan! …David Wilcock on Telegram

Get ready for an explosive shift in reality. The Quantum Financial System (QFS), Global Currency Reset (GCR), and the Med Beds are just the beginning. We’re on the brink of a revolution unlike anything before.

As global currencies prepare to revalue, a massive shift is underway. It’s about more than money—it’s about the restoration of freedom and the exposure of hidden technologies, including 6000 life-saving cures long kept from the public. Yes, the elites have hoarded these for themselves while keeping the masses sick and dependent.

The next few weeks will be pivotal. Prepare for the unexpected as the QFS and GCR take center stage. Trust the plan, stay alert, and watch as the storm intensifies. The truth is unfolding before our very eyes, and we’re about to witness the greatest transformation in human history.

Read full post here:  https://dinarchronicles.com/2024/09/14/restored-republic-via-a-gcr-update-as-of-september-14-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Mr Sammy [Bank manager friend] says soon Iraq will be complete with banking reforms but not to look for new rate until by end of year... FRANK:  I think right along with you because Sudani made that promise and...that was a holy solemn oath.  You can't break that...Twice he's said this year and now he says the reform education is almost done.

Bruce   [WiserNow]  I think this says everything, according to this very good source...after markets close  [Friday]...everything should be released for us...we can begin to set appointments and hopefully exchange starting Saturday. I know redemption center staff told us they would be going in...Friday, Saturday, Sunday...it looks very good for [Friday] or Saturday... Let's see what happens, and we should have a very exciting and wonderful weekend.

Alak has a massage for you

Nader:  9-14-2024

https://www.youtube.com/watch?v=PRkE68YKWsY

Stagflation Warning: JPMorgan CEO Issues an Alert, Says Fed's Rate Cuts May Cause Economic Crisis

Lena Petrova:  9-13-2024

https://www.youtube.com/watch?v=v2JuJPfk6us

“Tidbits From TNT” Saturday Morning 9-14-2024

TNT:

Tishwash:  Launch of the Electronic Payment Conference towards Financial Stability in Iraq

The activities of the Electronic Payment Conference towards Financial Stability in Iraq began today, Saturday.

The correspondent of the Iraqi News Agency (INA) stated that "under the slogan (Enhancing Financial Stability in Iraq), the electronic payment conference was held under the supervision of the Central Bank and in cooperation with the Association of Banks,"

Noting that "the conference was attended by representatives of the relevant Iraqi ministries, governors of foreign central banks, diplomatic missions, international institutions operating in Iraq, information technology companies, electronic payment companies, banks and international financial institutions, in addition to Iraqi and foreign private banks operating in Iraq."

He added that "the banking technologies conference represents an important platform for achieving cooperation between financial and banking institutions in Iraq and international financial information technology companies."  link

Tishwash:  Government Advisor: Iraq Recently Paid 2 Trillion Dinars of Its External Debt

The Iraqi Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, stated that the government's internal debt has decreased by two trillion Iraqi dinars.

Mazhar Mohammed Salih said, "Iraq is not among the countries with external debt at the present time," indicating that "the external public debt is less than 10 billion dollars, and this will be paid between now and 2028."

He explained that "there are allocations in the general budget to pay off debts, and this is what has made Iraq always in the credit rating and creditworthiness at level B, and it is stable like many countries such as Jordan, Egypt, Pakistan and others."

Mazhar Mohammed Salih noted that "this debt has decreased, because Iraq has not borrowed and its external loans are few compared to its many repayments, especially during the past ten years on a regular basis."

"At the same time, the dual financial crisis in 2014-2017 and the dual financial health crisis in 2019-2020 led Iraq to resort to internal borrowing, not from the Iraqi financial market but from government banks, as if the state borrowed from itself through its policies," according to the advisor to the Iraqi Prime Minister.

He added: "Today, the external debt constitutes less than 5% of the GDP, while the global standard is 60% of the permissible GDP, so Iraq is not considered a final debtor in external debt, but rather very simple things."

He believed that "the largest debt at the present time is the internal debt, which was 78 trillion Iraqi dinars when the state needed to borrow in the dual financial and security crises in 2014-2017 and the financial and health crises in 2019-2021, as the government resorted to internal borrowing and then this debt accumulated."

Mazhar Muhammad Salih revealed that "the internal debt decreased from 78 trillion to 76 trillion Iraqi dinars, meaning that there is an improvement in repayments," considering Iraq's situation "good in terms of external debt and solid and there is no problem at all."

The advisor to the Iraqi Prime Minister pointed out that "there are those who exaggerate this issue, and I believe that this exaggeration is incorrect," stressing that "the debt policy is a solid and well-known policy and has its contexts in repayment and settlements, whether currently or in the future."

The Iraqi government had previously announced last April, through its spokesman, Bassem Al-Awadi, that the government had taken a series of executive measures and adopted a package of financial decisions, which resulted in reducing the external public debt by more than 50%, so that the debt decreased from $19.729 billion at the end of 2022 to $15.976 billion in 2023, reaching approximately $8.9 billion this year.  link

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Tishwash:  Arab Monetary Fund: We are working with Iraq to build national financial strategies

Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Fahd bin Mohammed Ali Al-Turki, stressed today, Saturday, the need to work with Iraq to build national financial strategies through well-known and technical programs. 

Al-Turki said in a speech during the Electronic Payments Conference towards Financial Stability in Iraq, which was attended by the correspondent of the Iraqi News Agency (INA): "The various regulatory capabilities played a fundamental role in creating a digital regulatory environment to motivate banks and financial institutions to employ modern technologies to transform towards digital transformation and banking services, enhance their efficiency and reduce risks, including cybercrimes."

He added: "In this area, the regulating legislation, electronic financial transfers, digital financial consumer protection and anti-money laundering requirements must achieve a balance between stimulating digital transformation on the one hand and managing and reducing risks on the other hand." 
He continued: "The good design of payment systems and ensuring environmental control between them and their interconnection with other systems such as credit systems would enhance the efficiency of digital transformation and opportunities for economic growth," indicating that "digital transformation is a fundamental factor in reshaping the banking sector in the Arab region." 

He pointed out that "governments and central banks can play a role in supporting digital transformation, by establishing digital regulation, and this is evident from investing in digital infrastructure and addressing cybersecurity challenges, which helps create an environment that enhances innovation and growth in the banking sector."

“What is heartening is what we heard from the Central Bank Governor regarding working on many of these aspects, which is that having a tight regulatory framework is crucial to enhancing digital innovation, as governments should focus on equal opportunities and ensuring that regulations are consistent to reduce risks,” he said.

He explained that "investing in digital infrastructure would stimulate digital banking services that help enhance access to banking services and products for the population using the financial system and non-using the financial system, adding: "The Arab region has renewed modern financial technology companies in its countries for increased investments, reaching 1,500 companies by the end of the first half of 2024 compared to less than 300 companies four years ago in financial activities worldwide and the region." 

He added that "important global modern financial technology statistics provide huge opportunities for investment in this sector, as total investments in modern financial technologies in 2023 amounted to about 115 billion US dollars, and investment in this sector is expected to continue to grow steadily until it reaches 325,000,000,000 by 2026. According to the International Finance Report, the Arab region has faced varying attacks over the past four years, in addition to the digital gap can vary."

He added: "There is still a digital gap between developing and developed countries, which limits the spread of digital payments in some regions, in addition to relying on technology without creating systems Alternative, which makes digital payments vulnerable to disruption in the event of any technical problems.”
He pointed out that "with the increase in the number of financial transactions and their expansion, the use of artificial intelligence emerges in this context, as it can contribute in the field of digital expansion to revealing huge amounts of data in a short time and searching and detecting abnormal patterns that may indicate fraud operations." He explained that "this is done using machine learning techniques that learn from previous data and accurately and quickly identify suspicious natural and abnormal patterns.

It also helps monitor and analyze the behavior of users of financial services to ensure normal payment patterns. If any unusual activity is detected, the system can send immediate alerts to verify the validity of transactions. In addition, artificial intelligence techniques are used to strengthen digital identity applications such as voice recognition to verify the user's identity before completing financial transactions, which increases the level of security. Understanding the full objects of the number and financial technologies requires continued attention to many aspects." 

He pointed out that "the Governor of the Central Bank of Iraq mentioned many things, most notably investment in infrastructure represented by the extensive use of mobile phones, especially in remote areas, and the development of agency networks that meet the need of individuals to carry out withdrawal and deposit operations at the local and regional levels, and the distribution of the scope of digital identity, including electronic fingerprint systems and the expansion of open application program interfaces, which are available to the public so that developers can access software that represents property rights so that new applications can communicate and interact with each other."

He continued: "Developing legal and regulatory frameworks that allow users of financial services to organize their use and ensure a competitive environment, taking into account the importance of whether non-banking institutions should be allowed to access the infrastructure of national banks and issue electronic money and how to do so, and paying attention to developing regulatory and supervisory capabilities to reduce risks and enhance financial and digital awareness and education."

He stated that "modern financial technologies play a major role in achieving the goals of financial inclusion, and in recent years, cooperation between institutions and parties in the financial sector has led to sponsorship and encouragement from Arab central banks to achieve real progress in the levels of financial inclusion in the Arab region, as it received the benefits of central banks, financial service providers and government agencies from financial technologies to expand access to financial services for those not dealing with the banking sector according to the database of the global Tex Index and the World Bank."

He stressed that "there is a significant increase in the adoption of digital financial services in the Arab region, especially after the Corona pandemic, as the percentage of adults compared to what it was in 2017, which was 30%, was reinforced by the spread of mobile phone services, as the task of distributing access to digital services in rural areas was represented," adding that "the praise and cooperation between the Arab Monetary Fund and the Central Bank, whether through the active participation of the bank's cadres in the work of the committees according to the work emanating from the Council of Governors of Arab Central Banks or through the famous and technical programs with the Central Bank of Iraq, which include contributing to building national strategies for financial contribution."  link

Mot: Ya Know.. She just Might have a Point = Huh!!!! 

Mot: ....... YES!!! == a Believer I Am!!! 

More News, Rumors and Opinions Friday PM 9-13-2024

From Recaps Archives

Never Sell Your Seed by GTabDinar

Hi Mateys! You know….a long time ago I was listening to my grandfather talk about when times were tough on the farms of America…around the time of the great depression (we are close to that these days). He said that his family would live from day-to-day just hoping to make ends meet until the next crop was harvested.

They had planted the crops, watered them, weeded them out, nurtured them, fertilized them, watered them some more and then they harvested them. The harvest needed to last throughout the long winter that was to come, in addition, until the new harvest of that year’s crops.

 Along with the harvest, they would always save some seed for next spring’s planting. Hopefully more seed than they planted the year before; always looking to provide more for their families and perhaps to help others.

During the winter things got so tough that they had to make ends meet by working additional jobs, cutting back on all expenses and finding other ways to survive the long winter and spring months.

One year it got so bad, things had to be sold in order to buy food to eat and survive. He told me his Father told him that they would “never sell their seed.” He did not know what that meant until later on in life.

In short, his Father and Mother knew that in order to make it next year and the years far after that (and to expand the crops for the future), they had to save their seed. The seed was worth a fortune, but they never sold it.

Without the seed there was a very slim chance to plant the following year’s crops.

On a daily basis, I get emails, IM’s and calls from fellow Mateys and others who are so tired of the ride that they want to just get out and sell their Dinar.

Your Dinar is your seed.

That is the worst thing anyone can do at this point in the journey. I have counseled many to not do that. Do whatever else you need to do….but don’t do that! We are so close to the end that we can see land on the horizon.

Now is not the time to get rid of your Dinar. Sell whatever else you can, if you have to, to make ends meet…but never sell your seed if you can avoid it.

Make drastic changes in your lifestyle, if needed but once again….never sell your seed. Without it….you have no chance of growing crops for future years and even increasing crop production for future years. This is a full reference to income in future years. Crops are your income.

These requests also remind me of my coaching career. I would always tell my kids (all 400-500 of them!) to never quit. You may be getting beat up on the field but you never….never….never quit. There is always the next at bat. There is always the next play. And there is always the next game.

If you quit now…you will have very little chance of playing again, much less winning a game, or getting a hit. Baseball is like life and life is like baseball. Sometimes you win; sometimes you lose….but you never stop trying. NEVER!!!

To sum this all up, I have a love for people in general….and my Mateys in particular. Like I have said before….I wish I could make all our problems go away. I cannot. But if you ask me, I will tell you not to quit. And never…..never…..NEVER….. sell your seed!

 You’ll need it to live your life in the future to the fullest. Lots of nevers today huh?!?!!

Our Lord expects this from us. BTW…I read the last chapter….we win! Thanks Mateys and wake up rich! In more ways than one!!!   

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

Militia Man  Article from Saleh financial advisor for the prime minister...they're getting ready to be able to export natural resources, agriculture...It's the economic renaissance...They've been talking about maximizing their non-oil revenue and reducing debts.  They've been knocking it out of the park...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  We are seeing a commercial on TV.  It's 5 or 6 minutes long showing our new cards we are going to be receiving in the mail very shortly they tell us.  They're showing the citizens going to banks and ATMs getting money out.  They are showing us how to do this...This informational stage we are in is like Mr. Sammy [Bank friend] said, it will last for the rest of the year.  FRANK:  The commercials are now starting because Alaq has returned...

We Are In A Debt-Based Collapse | Francis Hunt

Liberty and finance:  9-13-2024

Francis Hunt provides an in-depth analysis of the current precious metals market. He emphasizes that the ongoing surge in gold prices is driven by a global shift away from fiat currency and a looming debt-based collapse.

Hunt suggests that while gold remains the most promising investment, silver is expected to eventually outperform but may need more time to gain momentum.

Overall, Hunt suggests investors to focus on gold and cautiously consider silver, given the broader economic uncertainties and potential for significant market shifts.

INTERVIEW TIMELINE:

0:00 Intro

1:10 Gold's surge

3:59 Gold's chart

12:45 Catalysts for gold

16:38 Platinum and palladium

20:30 Economic update

https://www.youtube.com/watch?v=287-aQk5J68