Economist’s “News and Views” 10-6-2024
US Debt Clock.org Ultimate Guide | US National Debt - PT. 1
Taylor Kenny: 10-6-2024
Explore the rising U.S. national debt and its impact on your financial future.
Learn why debt per taxpayer is over $270,000 and what it means for the economy moving forward. Stay tuned for part two to find out what’s coming next.
US Debt Clock.org Ultimate Guide | US National Debt - PT. 1
Taylor Kenny: 10-6-2024
Explore the rising U.S. national debt and its impact on your financial future.
Learn why debt per taxpayer is over $270,000 and what it means for the economy moving forward. Stay tuned for part two to find out what’s coming next.
CHAPTERS:
00:00 - Introduction
00:31 - Debt Per Citizen vs Debt Per Taxpayer
01:45 - U.S. Spending and Deficit
02:54 - U.S. Debt-to-GDP Ratio
03:32 - Consequences of High Debt
04:36 - Preparing for What's Next
De-Dollarization: China Squeezes USD Debt By Guaranteeing RMB Bonds In The Global Markets
Sean Foo: 10-6-2024
The currency wars are heating up with China using their world bank to guarantee RMB bonds. This is a big move to internationalize the Chinese currency while chipping away at US dollar dominance in the debt market.
Here's how it works and why this could evolve into a big threat against the dollar system.
Timestamps & Chapters:
0:00 China Challenges USD Debt
3:14 Beijing Guarantees RMB Loans
4:41 Sponsor: Invideo AI
6:21 China To De-Dollarize Global Trade
10:10 China Economic Plan
12:48 China Debt War Escalates
Hungary SHOCKS the EU by Joining BRICS… What the Hell Is Happening?
10-6-2024
As Hungary faces growing tensions with the European Union over democratic standards and foreign policy, Prime Minister Viktor Orban's government is increasingly looking eastward.
With legal actions and frozen funds looming, Hungary is finding new opportunities in BRICS, the global bloc challenging Western dominance.
What are the implications of Hungary's shift toward BRICS for its future and the EU?
Find out in this deep dive into Hungary's evolving geopolitical strategy.
More News, Rumors and Opinions Sunday Afternoon 10-6-2024
KTFA:
Frank26: "TRIPARTITE BUDGET IS READY BECAUSE OF THE MONETARY REFORM SUCCESS.".....F26
Salaries are secured.. Finance Committee: Discussing 2025 budget schedules to begin next month
Baghdad
The Parliamentary Finance Committee announced that it will begin discussing the 2025 budget schedules early next November.
Member of the Finance Committee, Mohammed Nouri, said in a statement to the official newspaper, followed by (Mawazine News): "The committee reiterated that employees' salaries are fully secured until the end of the current year, and there is no delay."
KTFA:
Frank26: "TRIPARTITE BUDGET IS READY BECAUSE OF THE MONETARY REFORM SUCCESS.".....F26
Salaries are secured.. Finance Committee: Discussing 2025 budget schedules to begin next month
Baghdad
The Parliamentary Finance Committee announced that it will begin discussing the 2025 budget schedules early next November.
Member of the Finance Committee, Mohammed Nouri, said in a statement to the official newspaper, followed by (Mawazine News): "The committee reiterated that employees' salaries are fully secured until the end of the current year, and there is no delay."
He added that "the committee is working through its meetings with financial specialists in the Ministry of Finance and the Central Bank to address the delay in financing governorate allocations and ongoing projects, and to launch project packages in the coming few days.
" Nouri indicated that "the committee will begin discussing the 2025 budget schedules early next November, in order to ensure employees' salaries, project allocations, and other financial obligations."
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Frank26: "DATA FOR THE HCL DISTRIBUTION"...........F26
2024 Census.. Planning receives 125 thousand tablets and stresses the confidentiality of citizens’ data
10/2/2024
The Ministry of Planning announced that it has received 125,000 tablets that will be used by researchers and enumerators to conduct the general population census, which is expected to be implemented on the 20th of next month.
The ministry's media spokesman, Abdul Zahra Al-Hindawi, said in a press statement, "The past few days witnessed the arrival of 125,000 tablets to the ministry, which will be distributed among researchers and enumerators in the governorates to conduct the general population census that will be implemented on the 20th and 21st of next November, noting that a curfew will be imposed on these days to facilitate the procedures of the census employees."
He added that his ministry had prepared early to conduct the general population and housing census after efforts and preparations to implement the census had reached their peak, having made several strides through training and qualification operations for enumerators and researchers.
Al-Hindawi explained that the aim of the census is to draw a picture and map of the demographic reality to diagnose development gaps and gaps and create an image represented by numbers, statistics, details, data and development reality through sectors related to the characteristics of life.
He stated that the information that researchers will obtain from citizens will be of the highest degree of confidentiality and will be used exclusively for census purposes, noting that this procedure seeks to achieve development goals and diagnose the defect in order to develop solutions through a long-term plan that depends on the accuracy of the data to reach and identify the drawing of the new map that includes all the needs and services that should be provided. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
We seeing in TV a special report show saying what if 1000 dinars became 1 dinar. They talking about deleting the zeros again. They've been showing this all day. They just repeat it over and over again. And they're saying it's all tied to the reforms. They talk about all the good and some of the bad...We never seen them talk like this before. FRANK: These are the commercials we talked to you about that were going to be educating you on the purchasing power...They are telling you they lifted 3 zeros from the exchange rate in order for that 1,000 note to become a 1 note...They are not lifting the 3 zeros from your physical cash.
SkyWalker Flashback Article: "23 June 2011 the Central Bank of Iraq announced it is planning to delete zeros from the Iraqi dinar, and add Kurdish to the Arabic text on the notes. Said the adviser of Iraqi Central Bank governor Mothahhar Mohammed Saleh, 'The project of deleting zeroes is complete. It will be submitted to the central bank’s administration in the next session. Then, it will be passed to the ministerial council before presenting it to the Parliament for vote. The mechanisms of changing the currency will be gradual. It will be preceded by awareness campaigns for citizens. The new currency will be printed after deleting the zeros and will include the Kurdish language in addition to the Arabic language. It will bear as well photos of Iraq’s civilizations and patrimony in addition to symbols of Iraqi intellectuals and figures.” There have been similar reports of revaluing the dinar since 2007, but to date none have come to fruition.
US ECONOMIC DECLINE: Money Supply Contraction, Recession, Tariffs on Americans| Dr. Steve Hanke
Lena Petrova: 10-6-2024
Despite official economic data showing a strong labor market and a decline in inflation, US consumers suspect that there may be much more to the story.
As the Federal Reserve cuts rates and the latest jobs report beats all expectations , US economic growth is expected to fall behind that of China and India.
So - what IS really going on? Today I’m very excited to have an opportunity to connect with Dr. Steve Hanke, a well known American economist.
He is a Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore.
Seeds of Wisdom RV and Economic Updates Sunday Morning 10-6-24
Good Morning Dinar Recaps,
IMF COMPARES CBDC, FASTER PAYMENTS, E-MONEY
The International Monetary Fund (IMF) recently published a paper exploring potential choices between central bank digital currency (CBDC), faster payment systems (FPS) and e-money. Given the IMF’s focus on emerging markets, it highlights the threat to monetary sovereignty of dollar stablecoins and foreign CBDCs.
As always, local circumstances and priorities will influence choices. However, in many economies the three types of payment systems are expected to coexist in the future. The combination of different systems removes any single point of failure, helping to ensure resiliency.
Good Morning Dinar Recaps,
IMF COMPARES CBDC, FASTER PAYMENTS, E-MONEY
The International Monetary Fund (IMF) recently published a paper exploring potential choices between central bank digital currency (CBDC), faster payment systems (FPS) and e-money. Given the IMF’s focus on emerging markets, it highlights the threat to monetary sovereignty of dollar stablecoins and foreign CBDCs.
As always, local circumstances and priorities will influence choices. However, in many economies the three types of payment systems are expected to coexist in the future. The combination of different systems removes any single point of failure, helping to ensure resiliency.
All three types provide efficient instant payments. And they can all enhance financial inclusion, although technology can be a barrier for some users.
Unique advantages of CBDCs
However, the IMF views CBDC as having two unique benefits. By far the largest is ensuring retail access to central bank money continues as cash usage declines. It highlights the downward spiral with cash. As people use it less, fewer merchants remain willing to accept it.
Access to a CBDC addresses the two key monetary sovereignty threats of stablecoins and foreign CBDCs.
“Although stablecoins have not gained much use outside of crypto-asset ecosystems in advanced economies, preliminary data suggest that in emerging and developing market economies, they are being used in a limited capacity for cross-border transactions and remittances (FSB 2024).
The same analysis also suggested that there was a perceived preference for US dollar-denominated stablecoins as a store of value in countries with high inflation, currency devaluation, or the presence of capital flow measures,” the authors wrote. They warn that if there’s significant adoption, a stablecoin could start being used as an alternative unit of account.
The other area where it believes a CBDC can help is competition. A private FPS could inhibit competition, and most e-money systems are closed loop and could become monopolistic.
By contrast, the IMF believes that a CBDC can lower the barriers to entry for nonbank payment service providers, enhancing competition.
@ Newshounds News™
Source: Ledger Insights
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RIPPLE NEWS: XRP HOLDERS RALLY AGAINST SEC APPEAL, THREATEN LAWSUIT!
▪️XRP holders are petitioning against the SEC's appeal in the Ripple case and considering legal action.
▪️Attorney Rispoli believes a lawsuit against the SEC is possible but challenging, citing the Madoff case as a precedent.
▪️Rispoli emphasizes the need for reforms within the SEC to address corruption and improve transparency.
As tensions rise in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), XRP holders are speaking out on social media platforms like X.
They have launched a petition titled “Stop the SEC’s Unnecessary and Frivolous Appeal in the Ripple v. SEC Case,” which has attracted nearly 5,000 signatures.
Can a Petition Against the SEC Succeed?
In a recent podcast episode with Thinking Crypto, attorney Fred Rispoli discussed the potential outcomes of the petition and whether individual investors could sue the SEC. When asked if a petition against the SEC could succeed, Rispoli responded positively but cautioned that winning such a case would be difficult.
He highlighted that John Deaton, who has gained support from 75,000 people, might consider filing a case against the SEC. However, Rispoli pointed out the challenge of proving that the SEC acted outside its legal authority.
“And there are certainly some arguments to make that happen, especially as the revolving door has become a little more grotesque and easily, more easily able to be discovered through civil discovery, for example. But that happened in the Madoff case, where everybody that got screwed by Madoff sued the SEC and they lost on the grounds that the SEC was immune and the opinion was scathing.
The second circuit said the SEC was incompetent, imbecilic, and derelict in their duties, but they were just bad at their jobs. They didn’t go outside of the range where they could be liable, civilly liable for that.”
It’s Not Going to Be Easy!
While there is a chance for a lawsuit, Rispoli acknowledged the challenges involved. He expressed his strong support for Deaton, saying he would not want anybody else leading that charge other than Mister Deaton himself.
He also emphasized the need for broader reform within the SEC, calling for increased transparency and efforts to root out corruption beyond the current case.
@ Newshounds News™
Source: Coinpedia
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HEDERA HBAR HOLDERS AN ETF MAY BE CLOSE - HUGE MOVES ARE HAPPENING | Youtube
@ Newshounds News™
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Unchartered Territory the Constitution Call | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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News, Rumors and Opinions Sunday AM 10-6-2024
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
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. 6 Oct. 2024
Compiled Sun. 6 Oct. 2024 12:01 am EST by Judy Byington
Judy Note:
Sat 5 Oct. 2024 Major Alert: Bank of America has gone offline Worldwide. Zero balances in accounts. Withdraw all funds from your bank account now!
On 14 March 1900 123 years ago: The Gold Standard Act was an Act of the United States Congress, signed by President William McKinley and effective on March 14, 1900, defining the United States dollar by gold weight and requiring the United States Treasury to redeem, on demand and in gold coin only, paper currency the Act specified.
Global Currency Reset: (Opinions/Rumors)
Sat. 5 Oct. 2024 Wolverine: With the news that the Pentecostal group has finally released payments to their leaders it’s the start of the domino effect that soon others will start soon as well. The Precatorias should start by this week and hopefully the rest will follow. Please remain patient and believe this is happening. With the release of the Pentecostal group it’s a sign that this has started. Glory to God. God bless everyone of you. Your friend Wolverine
Sat. 5 Oct. 2024: IRAQI DINAR NEWS: WOW US Banks Now Accepting 25,000 IQD Note| DINAR NEWS 2024 | IRAQI DINAR NEW UPDATE – amg-news.com – American Media Group
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Global Financial Crisis CHECKMATE!!! The Black Swan Event: A Financial Apocalypse with Stock Market and Bitcoin Collapse, Power Grid Blackout, and EBS-Triggered Quantum Energy Revolution
The looming Black Swan Event will trigger a financial apocalypse, devastating not only the stock market but also Bitcoin and other cryptocurrencies. This catastrophic collapse will reach far beyond the financial sector, pulling even the power grid into disarray. As the world teeters on the edge of this unprecedented disaster, the Emergency Broadcast System (EBS) will signal the turning point, ushering in the downfall of the controlling cabal and the start of a new era powered by quantum energy. Are you ready for the reset as the old world crumbles?
Financial Collapse: A Black Swan Event on the Horizon: A Black Swan event is often unforeseen and has far-reaching consequences, especially in finance. This time, however, the collapse won’t be limited to stock markets. It will engulf Bitcoin, cryptocurrencies, and potentially disrupt global infrastructures. The fallout could be devastating, triggering a sequence of events that leads to a worldwide blackout, a signal of the need for a total reset of the financial and energy systems as we know them.
The Stock Market’s Imminent Crash: The financial system, with its unsustainable levels of debt, excessive Federal Reserve intervention, and unchecked greed of Wall Street, is standing on the brink of collapse. This isn’t just another correction or market downturn-it’s a complete unraveling. Cryptocurrencies, once seen as safe havens, will be hit just as hard, if not harder. Their collapse will reverberate across markets, making previous financial crises look insignificant by comparison.
With the EBS heralding a new age, we may witness a shift from traditional energy sources like nuclear power to quantum energy, transforming how the world functions. The reset will not only mark the end of the financial order but also the start of a new system that promises to revolutionize the global power structure. Prepare for the end of one world and the beginning of another.
Read full post here: https://dinarchronicles.com/2024/10/06/restored-republic-via-a-gcr-update-as-of-october-6-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Everybody should be going, 'come on Iraq! Come on World Bank! Come on Bank of International Settlements, IMF, US Treasury, US Federal Reserve!' All those players have been involved and they still are...They are not going to have a 1310 exchange rate. They're going to move to a Real Effective Exchange Rate based on fundamentals based off their non-oil products, non-oil revenues that will exceed in may cases oil output.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr. Sammy told me a real rate international for us in his opinion is just north of $4.00. FRANK: Didn't we say that it would be somewhere between $3.86 up to $4.25? ...Of course it's only an opinion by Mr. Sammy and me but we both know Mr. Sammy's information has always been spot on...You are so close.
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Can the Iraqi Dinar Help Resolve US Economics?
Edu Matrix: 10-6-2024
Can the Iraqi Dinar Help Resolve US Economics? Probably not. However, here's what it can do!
“Tidbits From TNT” Sunday Morning 10-6-2024
TNT:
Tishwash: Al-Sudani discusses with the British Ambassador setting a new date for his visit to the United Kingdom
Prime Minister Mohammed Shia Al-Sudani discussed, today, Sunday, with the British Ambassador to Iraq, Stephen Hitchcock, setting a new date for the former's visit to the United Kingdom.
During the meeting, the Prime Minister stressed the need for the international community and the UN Security Council to play their essential role in maintaining security and stability, especially with what is happening in the region, from the continuation of the Zionist aggression on Gaza and Lebanon, and the persistence and exaggeration in targeting civilians in a war of genocide that requires condemnation and denunciation from the entire world, and requires respect for international laws and not violating them by any party.
TNT:
Tishwash: Al-Sudani discusses with the British Ambassador setting a new date for his visit to the United Kingdom
Prime Minister Mohammed Shia Al-Sudani discussed, today, Sunday, with the British Ambassador to Iraq, Stephen Hitchcock, setting a new date for the former's visit to the United Kingdom.
During the meeting, the Prime Minister stressed the need for the international community and the UN Security Council to play their essential role in maintaining security and stability, especially with what is happening in the region, from the continuation of the Zionist aggression on Gaza and Lebanon, and the persistence and exaggeration in targeting civilians in a war of genocide that requires condemnation and denunciation from the entire world, and requires respect for international laws and not violating them by any party.
During the meeting, they discussed the progress of relations between the two countries and ways to enhance them, as well as setting a new date for the Prime Minister's visit to the United Kingdom, which had previously been postponed due to developments in the region. link
Tishwash: Planning: The annual inflation rate in Iraq is slight and does not exceed 3%
The Ministry of Planning confirmed, today, Saturday, that the annual inflation rate in Iraq does not exceed 3%, noting that the procedures for providing the food basket and its materials in the markets have maintained prices and prevented inflation rates from rising.
Ministry spokesman Abdul Zahra Al-Hindawi told the Iraqi News Agency (INA): "One of the reasons for the rise in the inflation rate at times is the presence of a large cash mass in circulation in market and commercial transactions," noting that "the annual inflation rate in Iraq is slight, not exceeding 3%."
He added that "if we want to compare this rate with what exists in some countries, it is incomparable, as there are wild increases in them," noting that "a rate of 3% is normal and logical in light of the Iraqi reality."
He continued, "The measures taken by the government regarding supporting the food basket have clearly maintained prices in local markets and prevented their inflation," noting that "the increase in any country increases inflation rates, but in Iraq the situation is under control thanks to government measures." link
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Tishwash: Al-Sudani asked the ruling coalition to “move quickly before war”
Government official: Tehran stalls when asked to curb factions
A senior government official confirmed that Iraqi Prime Minister Mohammed Shia al-Sudani informed the leaders of the “Coordination Framework” with comprehensive details about the “expected risks to Iraq” resulting from the escalation between Israel and Iran, while stressing that Tehran is practicing “deception” when asked to keep factions away from the ongoing war.
Concern increased among political and governmental circles that Iraq would be exposed to a strike after two Israeli soldiers were killed in a drone attack on the Golan base, early Friday morning.
The official spoke to Asharq Al-Awsat, on condition of anonymity, about a set of measures that Al-Sudani is taking to avoid war, including “increasing the momentum of political mediation” to convince the factions not to involve Iraq in the war, and that he “informed the leaders of the Coordination Framework of everything about the risks, and called on them to move quickly.”
The official acknowledges the possibility of “the strike occurring,” even though “the information available to the Iraqi authorities indicates that the attack by the Iraqi factions was carried out from outside Iraqi territory with weapons that arrived from Iraq,” he said.
Sudanese mediations
The source revealed that the mediators chosen by Al-Sudani to pressure the factions have approval from Iran to talk about the war file and the conditions for calm with its agents in Iraq.
The source said, "The three figures had previously been asked to mediate in certain events over the past few years."
Last week, Asharq Al-Awsat revealed that Prime Minister Mohammed Shia Al-Sudani had asked three Shiite figures to mediate to rein in the factions and prevent them from getting involved in the war between the Lebanese Hezbollah and Israel, after information was circulated within the ruling coalition that Israel had identified 35 Iraqi targets.
Sources said at the time that Ammar al-Hakim was among these figures, along with two influential figures in the Shiite space who have not yet been revealed.
In contrast, there are reports that two Iraqi factions, likely the Al-Nujaba Movement led by Akram al-Kaabi, and the Hezbollah Brigades led by Abu Hussein al-Hamidawi, are refusing to respond to mediators and insisting on continuing to launch missile attacks on Israel.
The Iraqi official acknowledged the existence of “intransigence among some factions,” but the Prime Minister realizes that his country is in the “eye of the storm,” and has informed most of the leaders of the “Coordination Framework” of this.
The official reported that "Al-Sudani literally said: Iraq is unable to avoid a military strike if it occurs, and we must remove the danger from the country by not getting involved in the war."
Iranian Supreme Leader Ali Khamenei said during his Friday sermon that “the Islamic Republic’s allies in the region will not back down,” reinforcing fears that Iraqi factions linked to Iran will not back down from their decision to attack Israel.
Iraqi sources reported that the "Coordination Framework" coalition discussed what was said to be a "security report on dozens of targets to be struck and assassinated by Israel in Iraq."
Government efforts to prevent escalation
The official stated that "Al-Sudani, unlike some previous prime ministers, did not allow the exit of Iraqi funds to feed the conflict axes, through his high coordination with the American side and the American Treasury to monitor the exit of Iraqi funds in a strict manner, and he often demands that the Iranians enter through the official gates to obtain their financial dues owed by Iraq."
The official added, "Today, international auditing companies are working alongside the Central Bank to monitor the exit and smuggling of money, and what is happening today is that all the money gates that were open are now completely closed."
The official revealed that "the United States of America informed Iraq since the outbreak of the war in Gaza on October 7, 2023 that it had put pressure on Israel to prevent it from launching strikes on Iraq, in exchange for Iraq's commitment not to engage in the war."
The official added, "Washington does not oppose the positions of the Iraqi government, which is within the green line of issuing statements against Israel and supporting the Lebanese and Palestinian peoples, as well as sending aid," but "it will not accept Iraq providing any material or military support to factional groups or others."
Regarding the possibility of the Iraqi authorities asking the Iranian side to rein in the factions affiliated with it, the official confirmed that “Tehran is practicing a kind of trickery in this direction, as its response often hints that the factions have their own decision and the understanding with them is like the government.” link
Mot: . Once the RV Hits.. and ur Single -- Remember !!!!!
Mot: I Did it !!! ~~~~
More News, Rumors and Opinions Saturday PM 10-5-2024
KTFA:
Clare: Switzerland wants investment opportunities for its companies in Iraq
Baghdad -
Today, Saturday, the Prime Minister received the Swiss Ambassador to Iraq, Daniel Hohn, after the reopening of the Swiss Embassy in Baghdad. The latter confirmed the desire of his country's companies to work and benefit from investment opportunities in Iraq.
Al-Sudani's office said in a statement received by 964 Network:
Prime Minister Mohammed Shia Al-Sudani received today, Saturday, the Swiss Ambassador to Iraq, Mr. Daniel Hon, who is the first ambassador of his country after the reopening of the Swiss Embassy in Baghdad.
KTFA:
Clare: Switzerland wants investment opportunities for its companies in Iraq
Baghdad -
Today, Saturday, the Prime Minister received the Swiss Ambassador to Iraq, Daniel Hohn, after the reopening of the Swiss Embassy in Baghdad. The latter confirmed the desire of his country's companies to work and benefit from investment opportunities in Iraq.
Al-Sudani's office said in a statement received by 964 Network:
Prime Minister Mohammed Shia Al-Sudani received today, Saturday, the Swiss Ambassador to Iraq, Mr. Daniel Hon, who is the first ambassador of his country after the reopening of the Swiss Embassy in Baghdad.
The Prime Minister welcomed the reopening of the Swiss Embassy after about 33 years of closure, and considered it an important step and a new stage in relations between the two countries, stressing the importance of activating the joint working committees, which would contribute to more fruitful bilateral cooperation.
The meeting witnessed an emphasis on the mutual desire to strengthen Iraqi-European relations, especially in light of the stable security situation in Iraq, the development renaissance that included all vital economic sectors, the government’s support for the work and investment environment, and the creation of constructive economic partnerships.
For his part, Ambassador Hon stressed that reopening his country's embassy in Baghdad would contribute to strengthening mutual relations, and help Swiss companies to operate in Iraq and benefit from available investment opportunities.
The meeting touched on the ongoing Zionist aggression on Gaza and Lebanon, its targeting of defenceless civilians, the role of the European Union in stopping this massacre, and the position of the international community required to limit the expansion of the conflict in the region, and the dangers and threats it poses to regional and international security. LINK
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Clare: Digital Banks: The Next Phase of Digital Transformation in the Egyptian Sector
10/5/2024
With steady steps, the Central Bank continues to implement the banking reform strategy, one of the main objectives of which is to achieve digital transformation in the banking sector, which the Central Bank began in 2017 with clear stages included in its first, second and third strategies.
During the past two years, cooperation between the government, with the personal support and follow-up of the Prime Minister, and the Central Bank was a fundamental step to activate and accelerate the transformation to digital government and the transition from a cash economy to a digital economy, focusing on developing payments within Iraq and using technology to improve financial inclusion, developing information technology, establishing digital banks, using artificial intelligence in banking services, and using modern technologies in loans, compliance, risk management, combating money laundering and terrorist financing, and combating banking fraud.
The results during 2023 and 2024 recorded a qualitative leap in the volume of transactions in electronic payment operations and the use of modern banking technologies.
The rate of digital transformation and electronic payment increased to 48.5% compared to 20% in the past years. This is an indicator that confirms the success of the plans and procedures adopted to achieve a major transformation with a distinguished national effort for digital transformation and electronic payment.
This joint effort by the cadres of the Central Bank, the government, banks and electronic payment companies has clearly contributed to having an advanced infrastructure to implement and accommodate electronic payment tools and various financial services.
The banking reform has now entered the phase of transformation to digital banks, and the Central Bank is currently examining and auditing about 70 requests to license new digital banks according to the precise controls and conditions adopted by the Central Bank.
This constitutes a real and promising start for technical banking development in Iraq, bridging the technical gap with the countries of the world in this field. This facilitates the provision of smart banking services, reduces the chances of fraud and corruption, and provides important data on the nature of transactions, their control, and compliance.
Therefore, digital banks are a new stage of digital transformation and banking reform. We hope that the Central Bank will soon take the first step by licensing digital banks that show, through examination, audit and study, that they are committed to the applicable controls and conditions. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The market economy is coming together, the World Bank is addressing Iraq is moving toward a market economy. That means...at some point, could be any day, any time, they're going to have to go into the international world...
Mnt Goat ...the dinar is not going to change in value IN THE COUNTRY OF IRAQ as a result of the project to delete the zeros...No one in Iraq is going to get rich off this swap out...So when we exchange, OUTSIDE of Iraq, we exchange our dinar we will get the rate of exchange for our OWN COUNTRY according to the exchange rate...The banks are going to be VERY strict on this.
Jon Dowling & Bill Holter The End Of The Fed Reserve October 2024 Updates
Chris Real World: 10-4-2024
Central Banks in PANIC Mode! Why Silver Prices Are Set to SHOCK the World | Henry Weingarten
Wall Street Silver: 10-5-2024
Henry Weingarten joins us to discuss the catastrophic collapse coming to central banks and the global economy! Henry also discusses the potential of silver prices going up!
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 10-5-24
Good Afternoon Dinar Recaps,
RIPPLE VS SEC NEWS: WHAT EXACTLY IS GARY GENSLER APPEALING?
The SEC has filed an appeal against a previous ruling that deemed programmatic sales of XRP as not constituting investment contracts, a decision that significantly reduced the penalties Ripple faced.
However, there has been a lot of confusion regarding this appeal and XRP enthusiasts took to social media to express their frustration.
Additionally, discussions centered around the complexities surrounding secondary sales of XRP, clarifying that the court did not specifically rule on transactions involving retail investors trading on exchanges.
Good Afternoon Dinar Recaps,
RIPPLE VS SEC NEWS: WHAT EXACTLY IS GARY GENSLER APPEALING?
The SEC has filed an appeal against a previous ruling that deemed programmatic sales of XRP as not constituting investment contracts, a decision that significantly reduced the penalties Ripple faced.
However, there has been a lot of confusion regarding this appeal and XRP enthusiasts took to social media to express their frustration.
Additionally, discussions centered around the complexities surrounding secondary sales of XRP, clarifying that the court did not specifically rule on transactions involving retail investors trading on exchanges.
A user asked whether the SEC’s recent appeal letter only referenced the penalties judgment, not the broader ruling from last year, and if this limits the SEC to appealing just the penalties aspect. Marc explained that the appeal references the final judgment, which triggers both parties’ rights to appeal.
This judgment also finalizes the previous year’s summary ruling, which is the main focus of the SEC’s appeal, though penalties and disgorgement will likely be included as well.
In response to another question about whether the SEC will appeal everything or just the fine and Ripple’s sales of XRP, Marc indicated that the SEC is likely to challenge the court’s decision that Ripple’s programmatic and non-cash XRP sales were not securities transactions.
This had already been hinted at a year ago, with the inclusion of disgorgement and penalties, though the latter isn’t the central objective of the appeal.
Another user said that the SEC originally requested much larger penalties than what was ultimately ruled by Judge Torres, suggesting the SEC was primarily focused on monetary penalties. Marc clarified that the SEC’s main objective is not the money itself, as it doesn’t go to them, though they will likely raise arguments regarding the penalty and the absence of disgorgement while pursuing the appeal.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
EL SALVADOR’S BUKELE TEACHES BITCOIN TO ARGENTINA’S VICE-PRESIDENT, SPARKING INTEREST IN BTC AND ADA-LEGAL CURRENCIES
El Salvador’s President Nayib Bukele met with Argentina’s Vice President Victoria Villaruel to discuss bitcoin-focused policies during an official visit.
Argentine President Javier Milei is set to meet Cardano founder Charles Hoskinson to discuss blockchain and crypto-currencies in the region.
During a recent official visit to Argentina, El Salvador’s president, Nayib Bukele, discussed the country’s bitcoin-centric policy with Argentina’s vice-president, Victoria Villaruel. Villaruel mentioned the meeting on her X account, which focused on the implementation and regulation of Bitcoin in El Salvador.
Ms. Villaruel showed interest in El Salvador’s bitcoin bond project, which received a great deal of international attention after Mr. Bukele’s administration adopted bitcoin as legal tender. She said, “I’d like to take this brief opportunity to ask you some questions about bitcoin.”
Ms Villaruel then asked about the digital asset and sought Mr Bukele’s views on its effect on the country’s economy. In response, Mr. Bukele stated that he was ready to share the measures taken by his administration regarding the integration of bitcoin into the country’s economic system.
El Salvador became the first country in the world to recognize bitcoin as legal tender in 2021. The administration has since launched several projects, such as bitcoin bonds. Bukele’s administration aims to use bitcoin bonds to raise funds for infrastructure and technology projects. Villaruel expressed her interest in learning more about bitcoin bonds and their implications for the economy.
In addition to the bond, the two leaders also discussed the creation of the National Digital Assets Commission, a regulatory authority set up for El Salvador’s digital assets market. This body has played a role in drawing up the guidelines governing the use of bitcoin.
Crypto-currency discussions extend beyond El Salvador’s borders
The meeting between Bukele and Villaruel is part of a wider dialogue on crypto-currencies in Latin America. Argentina has witnessed a growing interest in digital assets, making the conversation between the two leaders particularly relevant.
The dialogue is set to continue as Argentine President Javier Milei is due to meet Cardano founder Charles Hoskinson later this month. Hoskinson has expressed interest in supporting the development of blockchain in South America, with a focus on advancing general crypto-currency needs.
As recently highlighted by Crypto News Flash, Hoskinson is expected to discuss with Milei the future of Cardano and its opportunity to advance Argentina’s digital economy.
IMF reiterates cautious stance on bitcoin adoption
IMF spokeswoman Julie Kozack reiterated the organization’s position at Thursday’s press conference. She stressed the need to minimize public sector exposure to bitcoin.
“What we have recommended is to reduce the scope of bitcoin law, strengthen the regulatory framework and oversight of the bitcoin ecosystem,” said Ms. Kozack, stressing the need for prudent management of the crypto-currency.
Since its adoption, the IMF has criticized El Salvador’s bitcoin law and expressed the need for the government to reduce the risks associated with integrating Bitcoin into the country’s financial system. In response to the concerns of the IMF and other international organizations, President Bukele revealed that El Salvador had acquired nearly $400 million worth of Bitcoins.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
98% OF RIPPLE XRP HOLDERS WON'T GET RICH BECAUSE OF THIS MISTAKE
This video is about XRP. This video is about XRP and Ripple and the SEC APPEAL. XRP update.
@ Newshounds News™
Source: YOUTUBE
~~~~~~~~~
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Real Assets are Historically Cheap Right Now Here’s One Example
Real Assets are Historically Cheap Right Now. Here’s One Example.
Notes From the Field By James Hickman / Simon Black / Sovereign Man October 2, 2024
The “green energy” revolution is one of the biggest fantasies of today.
For example, they tell us that fossil fuels are going away, that the gasoline powered internal combustion engine is a thing of the past, and that everyone wants to drive an electric vehicle (EV).
Clearly, that’s why over 90% of consumers still choose gas powered vehicles...
So the government instead has to step in to mandate electric vehicle use, attempting to force manufactures to sell 50% electric vehicles by 2030.
Real Assets are Historically Cheap Right Now. Here’s One Example.
Notes From the Field By James Hickman / Simon Black / Sovereign Man October 2, 2024
The “green energy” revolution is one of the biggest fantasies of today.
For example, they tell us that fossil fuels are going away, that the gasoline powered internal combustion engine is a thing of the past, and that everyone wants to drive an electric vehicle (EV).
Clearly, that’s why over 90% of consumers still choose gas powered vehicles...
So the government instead has to step in to mandate electric vehicle use, attempting to force manufactures to sell 50% electric vehicles by 2030.
They conveniently ignore the fact that the American electric grid cannot handle that kind of power demand.
And if the $1 billion per EV charging station Secretary of Transportation Pete Buttigieg is spending from the trillion-dollar infrastructure bill is any indication, we’re not going to get there in six years.
The “green energy” revolution is one of the biggest fantasies of today.
Meanwhile, auto manufacturers are actually scaling back EV production as demand slows and infrastructure gaps remain vast.
Governments and activists may wish it were otherwise, but fossil fuels are not going away for decades. Yet, the belief that they are has led to massive misallocations of capital into renewables.
We’ve talked about this in regards to oil, natural gas, and the uranium required for nuclear power. All of these energy assets have been ignored by investors, or demonized by activists and governments, despite remaining absolutely critical.
And the same thing is true of the metals necessary to build traditional internal combustion engines.
Mining companies are obsessed with finding more metals like nickel and cobalt for the “green energy” revolution. Meanwhile, the specific niche metals required for gas vehicles have been neglected.
I’m talking about platinum group metals (PGMs). These include six metals—platinum, palladium, rhodium, iridium, ruthenium, and osmium—renowned for their high melting points and corrosion resistance.
Over 80% of palladium and 90% of rhodium is used in gas vehicle emissions control systems to convert toxic gases into less harmful substances.
And it seems investors have believed the lies of the climate fanatics, assuming that demand for these metals will drop precipitously as everyone flocks to electric vehicles.
This ignores, first, the actual reality that people still prefer gas vehicles.
Second, the fact that hybrid-electric vehicles are actually the most popular alternative to gas-only vehicles.
And while the EPA-regulation wants everyone to drive electric vehicles, hybrids also satisfy its 50% mandate.
Already, hybrid vehicles account for about 25% of vehicle sales in the US. And they actually use more PGMs per vehicle than traditional combustion engine cars.
But the supply of PGMs is shrinking.
South Africa, the dominant producer of platinum and rhodium, has struggled with power shortages, labor strikes, and declining investment in its mining sector. Russia, another major player, faces sanctions and geopolitical uncertainty that disrupt its palladium production.
With these two countries controlling the vast majority of global supply, the market is heading for significant deficits in the coming years. The numbers are already telling: in 2023 and 2024, the platinum, palladium, and rhodium markets all ran deficits, as in, more was consumed than produced.
Despite this looming shortage, prices for PGMs have plummeted.
Palladium is down 66% from its 2022 highs, and rhodium has crashed by 80% since 2021. This collapse in prices has put major PGM producers on the back foot, forcing them to cut jobs, and even shut down some operations.
Investors, spooked by the drop, are shorting palladium at record levels, convinced that the future belongs to EVs. But they’re missing the bigger picture.
False narratives like these are one reason why many real assets are historically cheap right now.
Real assets are physical, tangible goods like certain commodities and natural resources which have intrinsic value tied to real world uses. This includes energy assets like oil and uranium, productive technology, and fertile farmland.
It also includes critical minerals and metals, like the ones we have been discussing.
Unlike financial assets and paper money, they cannot be conjured out of thin air by central banks and government. Which is why they protect wealth against inflation.
And the type of conditions present in the PGM market is a classic example of finding a historically undervalued real asset.
A crucial, critical resource with limited supply? Check.
A burgeoning shortage, with no movement in the markets to remedy it? Check.
A historically low price for the critical resource? Check.
That’s why this summer we wrote to subscribers of our investment research service, The 4th Pillar, about a company which mines PGMs.
But rather than traditional mining, it extracts these metals from tailings— the waste left over from other mining operations.
And that means it actually gets its source material delivered to it for free...
This company has a deal with a chrome miner for the exclusive right to process the chrome mine tailings. It gives back the recovered chrome, and keeps all the extracted PGMs for itself.
It’s a symbiotic relationship with no money exchanged, no profit share, and no royalty owed.
This low-cost, efficient business model has allowed the company to stay profitable even as PGM prices have cratered.
With a rock-solid balance sheet and minimal debt, it is perfectly positioned to weather the current downturn and capitalize when the market inevitably turns.
But again, this isn’t just the story of PGMs and vehicle markets.
Everywhere you look, real assets are historically cheap.
Often these same conditions exist— the market for a critical resource has been ignored by investors, or demonized by activists, cutting into supply, while demand stays steady, or even grows.
While frustrating, these lies create enormous opportunity. The best way to capitalize is by investing in critical real asset companies at historic lows. As inflation rises and markets correct, those who invest now stand to benefit immensely.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
PS-
The 4th Pillar is our highest tier investment research service that focuses entirely on undervalued real asset businesses. Based on our track record, an annual membership is well worth the $1,995 cost.
If you’re interested in subscribing you can do so here.
“Tidbits From TNT” Saturday 10-5-2024
TNT:
Tishwash: Iraqi Prime Minister receives first Swiss ambassador after 33 years
Iraqi Prime Minister Mohammed Shia al-Sudani received today, Saturday, the Swiss Ambassador to Iraq, Daniel Hon, who is the first ambassador of his country after the reopening of the Swiss embassy in Baghdad.
The Prime Minister welcomed the reopening of the Swiss embassy after about 33 years of closure, and considered it an important step and a new stage in relations between the two countries. He stressed the importance of activating joint working committees, which would contribute to more fruitful bilateral cooperation, according to a statement issued by his office and received by Shafaq News Agency.
TNT:
Tishwash: Iraqi Prime Minister receives first Swiss ambassador after 33 years
Iraqi Prime Minister Mohammed Shia al-Sudani received today, Saturday, the Swiss Ambassador to Iraq, Daniel Hon, who is the first ambassador of his country after the reopening of the Swiss embassy in Baghdad.
The Prime Minister welcomed the reopening of the Swiss embassy after about 33 years of closure, and considered it an important step and a new stage in relations between the two countries. He stressed the importance of activating joint working committees, which would contribute to more fruitful bilateral cooperation, according to a statement issued by his office and received by Shafaq News Agency.
The meeting witnessed an emphasis on the mutual desire to strengthen Iraqi-European relations, especially in light of the stable security situation in Iraq, the development renaissance that included all vital economic sectors, the government’s support for the work and investment environment, and the creation of constructive economic partnerships.
For his part, Ambassador Hon stressed that reopening his country's embassy in Baghdad would contribute to strengthening mutual relations, and help Swiss companies to operate in Iraq and benefit from available investment opportunities.
The meeting touched on the ongoing Zionist aggression on Gaza and Lebanon, its targeting of defenceless civilians, the role of the European Union in stopping this massacre, and the position of the international community required to limit the expansion of the conflict in the region, and the dangers and threats it poses to regional and international security. link
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Tishwash: Government Advisor: Development Fund Provides Great Support to Private Sector
Advisor to the Prime Minister, Hussein Flamers, confirmed today, Saturday, that the Development Fund provided the private sector with unprecedented great support, while setting two conditions for developing the private sector.
Flamers said in a statement to the Iraqi News Agency (INA): "Prime Minister Mohammed Shia Al-Sudani blessed the first national forum for the private sector, which is held by the Private Sector Development Department at the Ministry of Trade, in cooperation with Bayt Al-Hikma for Training and Consulting," indicating that "such meetings put us in the forefront and we are on the right path in developing the private sector."
Flamers explained that "we must benefit from the versions that preceded us in other countries and developed the private sector and work to have a single window that enables those working in the private sector to be a source of glory for it and for the process to run smoothly," noting that "the government program presented by Prime Minister Mohammed Shia Al-Sudani supports the private sector."
He explained that "the Iraqi Development Fund provided the private sector with unprecedented support, but we need legislation, and intensifying laws and legislation is a very important step in developing the private sector," noting that "financial and banking services, facilitating and simplifying procedures, and providing services are all part of supporting the private sector, which depends on achieving two conditions: the first is simplifying procedures, and the second is reducing the efforts expended." link
************
Tishwash: Iraqi forces decide to keep out of Israel’s battles with Hezbollah and Iran
Officials and paramilitary commanders say Israeli attacks could be ruinous for Iraq and even topple its government
The Iraqi political and armed forces affiliated to Tehran have decided to distance themselves from Israel’s battles with Hezbollah and Iran, fearing that expanding the growing Middle Eastern wars could ruin Iraq and their own positions.
Iraqi officials and leaders of Iranian-backed armed factions told Middle East Eye that the focus instead will be on providing humanitarian aid and financial support to civilians affected by Israel’s war on Lebanon.
No US interests or military bases in Iraq or Syria will be targeted by Iraqi armed factions until further notice, commanders said.
Over the past year, Israel’s onslaught on Gaza has drawn reprisals from Hezbollah in Lebanon, Yemen’s Ansar Allah (commonly known as the Houthi movement), and Iraqi paramilitary groups.
Meanwhile, Israel has begun waging war on Lebanon. It has also killed Hezbollah’s leader, Hassan Nasrallah, and assassinated Ismail Haniyeh, Hamas’ political leader, in Tehran.
In response, Iran rained ballistic missiles on Israel on Tuesday, causing significant damage to Israeli military bases.
The escalation has raised the prospect of further Iraqi participation, whether through Iraq’s regular military or its multitude of paramilitary groups.
However, Iraqi officials say there is a belief that this would lead to the collapse of Iraq’s political, economic and military system and the fall of its government.
Sudani seeks calm
Over recent days, Iraqi Prime Minister Mohammed Shia al-Sudani has held dozens of meetings with political leaders, commanders of armed factions allied with Iran and the top brass of Iraq’s security services.
According to one of Sudani’s advisers, the prime minister sought to “explain the reality of the situation facing Iraq and the consequences of any Iraqi party getting involved in the ongoing conflict”.
He also met with various Arab and western diplomats, and spoke to several neighbouring leaders, including the Egyptian president, Qatar’s emir and the king of Jordan.
Sudani pressed them to help “stop the ongoing Zionist aggression on Lebanon and Gaza, which threatens to expand the conflict throughout the region", his adviser said.
Iraqi officials and commanders of armed factions told MEE they believe Iraq will be one of four countries that Israel will strike soon, in response to the Iranian missile attack.
'Sudani has been striving to deprive the Israelis of any pretext that could be used to strike Iraq'
- Adviser to the prime minister
A succession of dramatic and ruthless Israeli attacks on Lebanon and Hezbollah over the past two weeks have been met joyously by Israel’s leadership and public.
Yet, Sudani’s adviser noted, “the Iranian missiles have dispelled their euphoria”.
“This means that it will definitely respond to this attack. Israel will inevitably attack Iraq, as it will attack Syria and Yemen, in addition to some oil facilities in Iran,” he said.
"Sudani has been striving to deprive the Israelis of any pretext that could be used to strike Iraq,” the adviser added.
"Iraq's political, security and economic situation is fragile and will not endure any party's adventure. Any ill-considered action in the coming days will have a high price and could burn everything."
Potential targets
Sources in the armed factions and security services predict Israel could hit several targets, including the headquarters of the Popular Mobilisation Forces (PMF), a governmental umbrella organisation that oversees various paramilitaries, including those close to Iran.
Last week, rumours were rife in political and media circles that Israel had drawn up a list of 35 targets in Iraq, including the locations and names of political leaders and the heads of armed factions.
Yet paramilitary commanders and security officials insisted to MEE there is no indication that such a list exists.
“Its targets in Iraq are known and clear. It will attack the camps of some armed factions, as well as the camps and headquarters of the Popular Mobilisation Forces, and may target some commanders of the armed factions,” a senior PMF official told MEE.
“The only two figures who are actually targeted are Akram al-Kaabi, the commander of Harakat Hezbollah al-Nujaba, and Abu Hussein al-Muhammadawi, the commander of Kataeb Hezbollah,” the official said.
The official noted that the leaders of other Iranian-linked armed factions have traded their military roles for more political and economic ones, and no longer have any real influence on the armed resistance to Israel.
“The Israelis and Americans know this and are well aware of it, and have no interest in targeting them,” he said.
On Tuesday evening, immediately after the Iranian missile attack ended, the anti-Israel Iraqi paramilitaries that make up the “Islamic Resistance” issued a joint statement. They said they would not target US interests and military bases in Iraq unless Washington helps Israel attack Iran, or if Iraq’s airspace is used for Israeli bombing raids.
“Then all American bases and interests in Iraq and the region will be our target,” the statement said.
“All parties agreed to stop any military operations at this stage, but if Israel strikes any of them, everyone will respond at once,” a Harakat Hezbollah al-Nujaba commander told MEE.
"American and Israeli interests in Iraq and the region will all be targeted."
Precautionary measures
Sudani has put all Iraqi military forces on high alert since Tuesday evening. Most armed faction commanders have not appeared in public since then.
Meanwhile, a meeting was convened by the Popular Mobilisation Forces' leadership on Monday to discuss the latest developments and ways to secure its offices and forces, commanders told MEE.
According to one person present at the meeting, they all agreed to avoid engaging in the escalating regional conflict, including attacking US forces in Iraq, which they had done repeatedly before the beginning of this war.
They also decided to reduce the number of paramilitary troops at their headquarters and inform commanders to avoid being there, too.
The PMF leadership agreed to send all commanders strict instructions that all the fighters registered with the organisation should not be involved in the regional conflict in any way.
“If they decide to engage in the battle, they should not use their fighters registered on the Popular Mobilisation’s payroll, or its vehicles or equipment,” said the source at the meeting.
One senior commander, who was also at the meeting, described the situation as “very critical” and said “any mistake, we will all pay the price for”.
“We are targeted. Our troops’ locations, headquarters and weapons warehouses are exposed and known, so there is no room for any uncounted action,” he said.
“It is easy. We are regular troops, so our choice is the government’s choice. It is that simple.” link
Mot: . Ahah!!! -- it's a Trick!! -- but I Fooled um!!
Mot: .. Fall is Here -- or is it -----
News, Rumors and Opinions Saturday AM 10-5-2024
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. 5 Oct. 2024
Compiled Sat. 5 Oct. 2024 12:01 am EST by Judy Byington
Possible Timing: (Rumors)
On Tues. 1 Oct. 2024 the US Inc. Corporation ended their fiscal year without further funding by Congress from the fiat US Taxpayer Dollar, ending the fiat monetary system.
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. 5 Oct. 2024
Compiled Sat. 5 Oct. 2024 12:01 am EST by Judy Byington
Possible Timing: (Rumors)
On Tues. 1 Oct. 2024 the US Inc. Corporation ended their fiscal year without further funding by Congress from the fiat US Taxpayer Dollar, ending the fiat monetary system.
Tues. 1 Oct was also the deadline for all banks to close worldwide which were not Basel III Compliant (have gold backed currency).
On that same Tues. 1 Oct. the Quantum Financial System Global Currency Reset (allegedly) activated with at least 144 countries currencies being gold/asset-backed and trading at a 1:1 with each other, including the new gold-backed US Note of the new United States of America Republic.
On Tues. 1 Oct. 2024 the new United States of America Republic (allegedly) began its new fiscal year under a gold-backed US Note.
Wed. 2 Oct. 2024: 150 bankers who were holding up the RV were (allegedly) arrested today.
On Thurs. 3 Oct. 2024 Iraq celebrated their Independence Day.
~~~~~~~~~~
Global Currency Reset: Everything was done. Nothing new to report.
~~~~~~~~~~
Global Financial Crisis:
Fri. 4 Oct. 2024: Expert Says US Dollar is Nearing The ‘End of the Line.’ With the BRICS bloc increasing its opposition to Western hegemony, one expert has noted that the US dollar is likely nearing the ‘End of the line.’ Indeed, the currency has faced a growing de-dollarization movement on a global scale. With an economic crisis burgeoning in the country, it could spell a perfect storm for the greenback struggle. The BRICS group has firmly embraced a position against the dollar in its policies. That has led the way to increased local currency promotion that carries it ever closer toward a multipolar world. With the 2024 annual summit nearing, there could be even greater de-dollarization developments. That is especially true with the BRICS Pay system nearing an official launch. https://x.com/bricsinfo/status/1842261098109763958?s=46&t=KbeHKcWo9iYbqqIySY5EJA
Operation Sandman is a collaboration of 100+ nations in agreement to simultaneously sell off their US Treasury holdings, sending them back to the US to collapse the US Dollar.
The 12 reserve banks are private corporations controlled by unelected members in the private sector.
For the last 24 hours Google has not put out any stock market news from Europe.
Read full post here: https://dinarchronicles.com/2024/10/05/restored-republic-via-a-gcr-update-as-of-october-5-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man World Bank [report] today praising Iraq, is in line with ample work is being done and yet to be reported. With as good as that report is and there is more to come that is suggested to be even better is amazing.
Frank26 We know everything up to the float is done. To make it international will take you from the float to the REER.
RayRen98 THE CLOCK IS "NO LONGER" TICKING...IT'S DONE! ALL CURRENCIES ARE SET TO "GO" THIS TIME...NO TECHNICAL ISSUES PRESENT.
Central Banks Desperate Action to Avoid Currency Collapse with Matthew Piepenburg
WTFinance: 10-4-2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Matthew Piepenburg. Matthew is a Partner of Von Greyerz AG and critic of current monetary policy actions of central banks.
During this conversation we spoke about his thoughts on the economy, why there is a debt trap, no expectation of real growth in the future, private vs public debt, calculating US Dollar devaluation, precious metals and more. I hope you enjoy!
0:00 - Introduction
1:42 - Current thoughts on the economy?
7:16 - Concentration of growth
12:38 - Private vs public debt crisis
26:31 - Calculating US Dollar devaluation?
32:26 - Can they decrease the deficit?
40:16 - Why nothing about gold or silver?
50:10 - One message to takeaway?
Seeds of Wisdom RV and Economic Updates Saturday Morning 10-5-24
Good Morning Dinar Recaps,
XRP CASE NEWS : SEC APPEAL AGAINST RIPPLE DOCKETED
The battle between the SEC and Ripple does not seem to end in the near future as the appeal by the commission against court order dated August 7 has been docketed. This move has started another round in this conflict. Though sec has submitted the appeal notice, it still has time to submit the complete appeal briefing. But Ripple’s leaders are not backing down. They remain confident that they are on the winning side of the law.
SEC Appeals Ripple Case Decision
The SEC has officially filed its appeal in the Ripple case, registering it with the United States Court of Appeals for the Second Circuit.This comes after Judge Analisa Torres, ruled out that not all sales of XRP are securities and she put a civil fine of $125 million on Ripple for institutional sale of XRP tokens.
Good Morning Dinar Recaps,
XRP CASE NEWS : SEC APPEAL AGAINST RIPPLE DOCKETED
The battle between the SEC and Ripple does not seem to end in the near future as the appeal by the commission against court order dated August 7 has been docketed. This move has started another round in this conflict. Though sec has submitted the appeal notice, it still has time to submit the complete appeal briefing. But Ripple’s leaders are not backing down. They remain confident that they are on the winning side of the law.
SEC Appeals Ripple Case Decision
The SEC has officially filed its appeal in the Ripple case, registering it with the United States Court of Appeals for the Second Circuit.This comes after Judge Analisa Torres, ruled out that not all sales of XRP are securities and she put a civil fine of $125 million on Ripple for institutional sale of XRP tokens.
Attorney James K. Filan confirmed the filing and shared screenshots of the appeal that is now docketed under case number 24-2648. The appeal brings the legal clash between Ripple and the SEC back into the spotlight.
Ripple’s Legal Team Responds
Stuart Alderoty, Ripple’s Chief Legal Officer, didn’t seem too surprised by the SEC’s move. In fact, he called it disappointing but not unexpected. According to him, the court had already dismissed the SEC’s accusations that Ripple acted recklessly.
There were no fraud allegations, and no one suffered any losses. He hinted that Ripple might even file a cross-appeal, but either way, the company is ready for whatever comes next.
Ripple’s CEO Speaks Out
Ripple CEO Brad Garlinghouse wasn’t shy about sharing his frustration. Posting on X (formerly known as Twitter), he slammed the SEC for continuing the case. According to Garlinghouse, the SEC’s actions haven’t helped protect investors. Instead, they’ve damaged the credibility of the agency itself.
He pointed out that Ripple, the crypto industry, and even the rule of law have already won in court. Garlinghouse is clear—XRP’s status as a non-security won’t change, no matter what the SEC tries next.
Internal Shake-ups in Commission
A spokesperson for the SEC explained the agency’s reason for appealing. They believe the district court’s ruling contradicts decades of legal precedent set by the Supreme Court. The SEC is eager to argue their case in front of the appellate court.
At the same time, the SEC’s Enforcement Director, Surbir S. Grewal, has announced his resignation. He’s stepping down from his role on October 11, sparking questions about internal disagreements over the Ripple case.
@ Newshounds News™
Source: Coinpedia
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COINBASE TO DELIST USDT AND UNAUTHORIZED STABLECOINS IN EU BY YEAR-END UNDER MICA REGULATIONS
Coinbase, a leading cryptocurrency exchange, has announced plans to delist all unauthorized stablecoins, including Tether's USDT, from its platform in the European Economic Area by December 30, 2024
Coinbase has announced plans to delist all unauthorized stablecoins, including Tether's USDT, from its platform in the European Economic Area by December 30, 2024.
This move is in response to the European Union's new Markets in Crypto Assets (MiCA) regulations, which require stablecoin issuers to secure e-money authorization in a member state.
The MiCA regulations, which became effective in June 2024, aim to ensure regulatory compliance and consumer protection within the EU's cryptocurrency market.
Coinbase's decision to delist non-compliant stablecoins underscores its commitment to adhering to these new regulatory standards and addressing non-compliance issues.
@ Newshounds News™
Source: The Defiant
~~~~~~~~~
HK’S BANK OF EAST ASIA TESTS STABLECOIN ISSUANCE USING UDPN
Hong Kong’s Bank of East Asia (BEA) recently conducted a proof of concept (PoC) involving issuing stablecoins using the Universal Digital Payments Network (UDPN). It tested both the issuance and redemption of stablecoins (minting and burning) and trialed a mobile application for clients.
Today most stablecoin usage happens in the cryptocurrency world or jurisdictions where consumers are keen to access dollars. One reason stablecoins haven’t gone mainstream is because of missing pieces of infrastructure. However, that is changing, meaning stablecoins will become increasingly competitive with bank payments, especially cross border. Banks are not standing by. They’re engaging in multi-bank tokenized deposit trials and issuing their own tokenized deposits or stablecoins.
The UDPN is a multi-faceted project supporting the issuance of stablecoins and tokenized deposits, as well as providing an interoperability layer between different digital currencies, including central bank digital currencies (CBDCs).
“Through our PoC with UDPN, we gained insights into global practices on Central Bank Digital Currencies (CBDCs) and the mechanism of stablecoins,” said the BEA’s Stephen Leung, Group CIO, General Manager and Head of Technology and Productivity Division.
“Experiments were conducted on the issuance of stablecoins, as well as the transfer and swapping between CBDCs and stablecoins. Cross-chain interoperability was also examined between stablecoins and digital currencies on different blockchains. This has laid (an) important foundation for any partnership opportunities that may arise in the future.”
Earlier this year the bank took part in a DLT repo transaction with HSBC involving digital green bonds issued by Hong Kong.
The UDPN was founded by Red Date Technology, the co-founder of China’s Blockchain-based Service Network (BSN) and the international BSN Spartan Network. Its development partner is the GFT consultancy. Earlier this year it launched a sandbox for banks.
Hong Kong’s digital currency activities
Meanwhile, the Hong Kong Monetary Authority (HKMA) is running at least three digital currency sandboxes, although this PoC was not part of them. The HKMA recently announced the expansion of its retail CBDC sandbox to include tokenized deposits. Plus, it has a sandbox for stablecoins and another for the institutional use of wholesale CBDC, which is part of Project Ensemble.
@ Newshounds News™
Source: Ledger Insights
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STABLECOIN ISSUER TETHER TO DEVELOP NEW SOLUTION FOR EUROPEAN MARKET
Tether is preparing to launch a new technology specifically for the European market. This strategic move comes in response to changing regulatory frameworks in the region, especially as MiCA (Markets in Crypto Assets) regulations come into full effect.
As part of the adjustment, Coinbase has announced plans to delist non-compliant stablecoins, including Tether’s USDT, from the European Economic Area (EEA) by December 30, 2024. This shift could reshape the landscape for European crypto users.
Stablecoin Market and MiCA
The new crypto regulation of the EU, MiCA, is designed to bring more safety and control to the cryptocurrency sector. However, these new sets of rules also pose risks for certain stable coins like USDt. The regulation requires at least 60% of the stablecoin reserve to be held in EU based banks however many banks in Europe can only insure deposits up to $100,000.
This poses high risk for stablecoins like USDt. Paolo Ardoino expressed his concerns about the risk this regulation can pose for stablecoins as well as banking systems.
Although some aspects of MiCA create obstacles, Tether praised the EU for building a well-structured regulatory environment. This framework, they say, is essential for the long-term growth of the industry.
Coinbase’s Deadline for Delisting Stablecoins
Coinbase has set December 30, 2024, as the deadline. By this date, all non-compliant stablecoins will be delisted in the European Economic Area. It’s a significant move for Europe however stablecoin services for other regions will remain unharmed. Several other exchanges like OKX and Bitstamp have already taken similar steps, preparing for MiCA’s full implementation.
Circle’s USDC, a stablecoin that meets MiCA’s requirements, is expected to remain available for European users. Coinbase users in European financial zones holding USDt or other non-compliant stablecoins must convert them. They will need to switch to compliant ones like USDC before the deadline.
Tether’s Response to MiCA
Tether is addressing the regulatory changes by creating a technology solution designed specifically for Europe. Although they haven’t shared the full details yet, the company indicated that the solution will focus on meeting the needs of Europe’s stable and structured economy.
This new initiative is part of Tether’s larger plan to keep a strong presence in the European crypto market, even with the regulatory challenges.
What This Means for Crypto Users?
Despite these hurdles, Tether is positive about its future in Europe and is working directly with regulators to develop workable solutions. For European users, Coinbase’s delisting and MiCA’s new rules mean that you may need to reconsider which digital assets to hold. Switching to MiCA-compliant stablecoins like USDC is one option to ensure your portfolio stays secure under the new laws.
Tether’s upcoming product could also provide new opportunities for users who prefer USDT, but it’s important to stay informed and prepared for the coming changes.
@ Newshounds News™
Source: Coinpedia
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