“Tidbits From TNT” Saturday Morning 10-19-2024
TNT:
Tishwash: Iraq signs gas supply agreement with Turkmenistan
Minister of Electricity, Eng. Ziyad Ali Fadhil, signed an agreement with Turkmen Minister of State for Gas Affairs, Maqsad Babayev, to supply Turkmen gas to power plants in Iraq.
The Minister of Electricity said, according to a statement by his media office: "With the full support of Prime Minister Mohammed Shia al-Sudani, we signed today an important agreement with Turkmenistan to supply 20 million cubic meters of gas per day, which will contribute to the operation of all our gas stations to ensure the national network."
He added: "Turkmen gas will be transported to Iraq via the Iranian pipeline network, according to the swap mechanism in cooperation with the Swiss company (Loxstone Energy)."
TNT:
Tishwash: Iraq signs gas supply agreement with Turkmenistan
Minister of Electricity, Eng. Ziyad Ali Fadhil, signed an agreement with Turkmen Minister of State for Gas Affairs, Maqsad Babayev, to supply Turkmen gas to power plants in Iraq.
The Minister of Electricity said, according to a statement by his media office: "With the full support of Prime Minister Mohammed Shia al-Sudani, we signed today an important agreement with Turkmenistan to supply 20 million cubic meters of gas per day, which will contribute to the operation of all our gas stations to ensure the national network."
He added: "Turkmen gas will be transported to Iraq via the Iranian pipeline network, according to the swap mechanism in cooperation with the Swiss company (Loxstone Energy)."
He pointed out: "The signing of the agreement was the culmination of intensive technical efforts that extended for more than a year, including multiple meetings and mutual visits, and the signing of a memorandum of understanding last year." link
Tishwash: A new law to reform the Iraqi economy.. Will it achieve aspirations?
The economic system in Iraq faces increasing challenges that require firm legislative measures to reform the current situation and achieve a qualitative shift in the national economy. In this context, a new law is being prepared within the Council of Representatives, which is expected to be voted on in the coming period.
The law, which was referred to the parliamentary economic committee months ago, covers all economic aspects of the country, and several workshops have been organized in cooperation with businessmen, industrial experts and economists to ensure a comprehensive discussion of its provisions and to identify the points that should be focused on in the final amendment of the law.
The committee’s deputy chairman, Yasser Al-Husseini, said: “The law reached the House of Representatives in general and the Economic Committee in particular months ago, and it includes all laws that include the economic aspect.”
He added, “The committee held many workshops at all levels, whether for businessmen or industrial and economic experts,” stressing that “the committee is proceeding with reading this law and working to vote on it during the next phase in cooperation with other specialized committees.”
The figures indicate that the economic sector in Iraq suffers from many challenges, most notably technological obsolescence and dilapidated infrastructure, which makes it urgent to have legislation that encourages various investments and clearly defines the partnership between the public and private sectors.
An important step
In turn, the expert in economic affairs, Abdul Salam Hassan, said, “This law is an important step on the path to economic reform, but it will not achieve the desired results without including specific provisions that focus on developing the productive sectors, most notably the industrial and agricultural sectors, and reducing dependence on oil revenues as a primary source of national income.”
Hassan added in a statement to “Iraq Observer” that “it is also necessary for the law to include measures that ensure stability in the market and facilitate the investment environment by simplifying the legal and bureaucratic procedures facing investors, in addition to providing real guarantees to protect the rights of investors, whether they are local or foreign.”
Experts also stress the need for the new laws to take into account the establishment of strict control mechanisms to combat financial and administrative corruption, and to ensure a fair distribution of resources between the various sectors and regions of Iraq.
These laws must also include stimulating the private sector to be a strong partner in the development process, by providing tax facilities and granting easy investments, in order to create an encouraging economic environment. link
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Tishwash: After a cautious calm... a sudden state of alert was imposed in "Ain al-Assad" in Anbar
Ain al-Assad Air Base, where US forces are stationed, entered a state of sudden alert today, Friday (October 18, 2024), with intensive helicopter flights in the skies of the base.
An informed source told Baghdad Today, "This afternoon, Ain al-Assad Air Base in Anbar Governorate witnessed the sudden imposition of strict security measures, with intensive flying of helicopters in the skies of the base," stressing that "these measures included the western, northern and southern parts of the base, where the security towers were observed on alert."
He added, "The reasons for this sudden mobilization are not precisely known, but the announcement of Sinwar's martyrdom may be one of the possible reasons for this mobilization, but the matter remains not precisely confirmed," ruling out that "it is within a training framework."
The source explained that "such measures are usually taken based on directives from senior leadership, whether in Washington or the main headquarters in the Arabian Gulf," noting that "sudden alerts come when something is expected to happen."
On the 10th of this month, an informed source reported that the Ain al-Assad base suddenly abandoned the state of maximum alert without prior warning, indicating that the situation is very normal and that the motives behind these changes are not known, but they may be a plan or based on an order from Washington to remove the danger. link
Mot: Why is it called beauty sleep when you wake up looking like a troll
Mot: me too ""Earl"" - Me too!! – siigghhhhh
Seeds of Wisdom RV and Economic Updates Friday Afternoon 10-18-24
Good Afternoon Dinar Recaps,
XRP LEDGER DDOS ATTACK: MAGNETIC X DEFIES HACKERS, BOOSTS SECURITY
▪️Magnetic X successfully fended off a DDoS attack.
▪️The exchange faced a similar attack in January.
▪️Magnetic X remains committed to providing decentralized trading services on the XRP Ledger.
Magnetic X, a rapidly growing decentralized exchange on the XRP Ledger, recently stopped a major distributed denial of service (DDoS) attack. The attack aimed to overwhelm the platform with traffic and disrupt its services, but the development team acted swiftly to protect the exchange.
Good Afternoon Dinar Recaps,
XRP LEDGER DDOS ATTACK: MAGNETIC X DEFIES HACKERS, BOOSTS SECURITY
▪️Magnetic X successfully fended off a DDoS attack.
▪️The exchange faced a similar attack in January.
▪️Magnetic X remains committed to providing decentralized trading services on the XRP Ledger.
Magnetic X, a rapidly growing decentralized exchange on the XRP Ledger, recently stopped a major distributed denial of service (DDoS) attack. The attack aimed to overwhelm the platform with traffic and disrupt its services, but the development team acted swiftly to protect the exchange.
The attackers demanded a ransom of several thousand Tether (USDT), but the Magnetic X team refused to comply. Instead of negotiating, they chose to boost the platform’s security to prevent further issues.
Let’s dive into the details of this epic showdown!
Magnetic X Refuses to Pay
The team quickly increased server capacity to handle the surge in traffic, ensuring the platform could manage millions of requests without any loss of user data.
Thanks to this rapid response, services were restored quickly. The exchange reassured users that it is now fully secure and recommended clearing browser cookies to fix any remaining issues.
This wasn’t the first time Magnetic X faced a DDoS attack. In January, a similar incident on the XRP Ledger saw millions of records flooding the nodes, which affected the functioning of the ledger’s historical transaction records.
Standing Strong Despite the Challenges
Despite these setbacks, Magnetic X has remained strong, continuing to provide decentralized trading, automated market maker (AMM) pools, and yield farming. The quick response to the latest attack demonstrates the exchange’s dedication to security and reliable service.
With its upgraded infrastructure, Magnetic X aims to stay at the forefront of decentralized applications (dApps) on the XRP Ledger, setting high standards for security and stability in the decentralized finance space. Security, stability, and service. That’s Magnetic X.
@ Newshounds News™
Source: CoinPedia
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SINGAPORE'S BIGGEST BANK DBS INTRODUCES 'TOKEN SERVICES' TO ENABLE BLOCKCHAIN-BASED BANKING
▪️DBS Bank said that its new suite of products will help institutional clients optimize liquidity management and streamline operational workflows.
▪️“DBS Token Services” integrates tokenization and smart contract-enabled capabilities with the bank’s existing banking services.
DBS Bank, the largest bank in Singapore by assets, has rolled out a suite of new services dubbed “DBS Token Services” as the bank continues to develop blockchain-based options for institutional clients. In a statement shared with The Block, DBS said that the new banking products integrated tokenization and smart contract-enabled capabilities with its existing banking services.
The DBS Token Services integrated the bank’s Ethereum Virtual Machine-compatible permissioned blockchain, its core payment engine and multiple industry payment infrastructures, according to the statement. Also, smart contracts enable programmability for institutions to govern the use of funds.
Specifically, the new services include Treasury Tokens, Conditional Payments, and Programmable Rewards.
Lim Soon Chong, group head of global transaction services at DBS Bank, said that DBS Token Services enables companies and public sector entities to “optimize liquidity management, streamline operational workflows, strengthen business resilience, and unlock new opportunities for end-customer or end-user engagement.”
DBS introduced Treasury Tokens in August in partnership with Ant International, allowing multinational corporations to settle multi-currency intra-group transactions around the clock.
DBS also intends to explore further applications of Conditional Payments, designed to improve payment workflows. Another feature, called Programmable Rewards, allows institutions to curate digital voucher programs.
“Using a permissioned blockchain provides DBS full control over these services, enabling the bank to harness the benefits of blockchain technology while adhering to compliance standards,” the bank said.
@ Newshounds News™
Source: The Block
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CONSTITUTION FRIDAY NIGHTS CALL | Youtube
Jim is part of the team that has researched the history of our Constitution over the last decade plus years and is a working member of the Washington Assembly in Washington, a state of the Union of States that we know as America.
He will answer any questions you have about how we lost our rights and why our government does not follow the Constitution as our founders laid out for us in our original Constitution of 1776.
If you have not heard of your Strawman accounts, how you lost your rights with your Birth Certificate, and how you are really a British citizen, then you need to join us on these calls and start asking questions.
He will even let you know how you can correct these atrocities. You can start by listening to previous calls on our youtube channel below under the video topic labeled The Constitution. We have been lied to our whole lives by our government. So come join us tonight and learn the truth about our real history.
Join us tonight at 5 PM PT - 7 PM CT - 8 PM ET in the Constitution Room on Telegram
You can download the Telegram APP here: https://telegram.org/
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
More News, Rumors and Opinions Friday Afternoon 10-18-2024
BRICS Summit in Russia Tues. 22 Oct to Thurs. 24 Oct. 2024
The BRICS summit is a chance for several nations to discuss the continued evolution of the alliance’s dealings and initiatives. This means that it will welcome both members of the collective and countries with aspirations to join.
This year, the bloc is set to introduce partner nations. This could have expansion looking very different than it did last year. Although the bloc will likely add new members, it won’t be in the same way it did in 2023.
Many of those nations are set to attend, according to reports. Specifically, there are more than 32 countries taking part in the gathering and discussions. Among them will be a lot of nations that have expressed interest in joining.
BRICS Summit in Russia Tues. 22 Oct to Thurs. 24 Oct. 2024
The BRICS summit is a chance for several nations to discuss the continued evolution of the alliance’s dealings and initiatives. This means that it will welcome both members of the collective and countries with aspirations to join.
This year, the bloc is set to introduce partner nations. This could have expansion looking very different than it did last year. Although the bloc will likely add new members, it won’t be in the same way it did in 2023.
Many of those nations are set to attend, according to reports. Specifically, there are more than 32 countries taking part in the gathering and discussions. Among them will be a lot of nations that have expressed interest in joining.
This means that Turkey, the first NATO member to seek BRICS membership, has confirmed its key leaders will attend the gathering. Moreover, Nigeria, Malaysia, Thailand, Venezuela, and Cuba will send delegates to the event. Many of these leaders have confirmed they will be in Kazan next week.
The BRICS 2024 Summit should have a full house throughout the two days. Moreover, its nine members have confirmed they will be there. This means that Russia, Brazil, India, China, South Africa, the United Arab Emirates (UAE), Egypt, Iran, and Ethiopia should be present.
https://dinarchronicles.com/2024/10/18/restored-republic-via-a-gcr-update-as-of-october-18-2024/
KTFA
Clare: Planning: The percentage of completion of operations related to the population census exceeded 90 percent
10/18/2024 Baghdad
The Ministry of Planning confirmed, on Thursday, that the percentage of completion of the population census work exceeded 90 percent, and that it was completed in most governorates, while it announced a decrease in the need for schools and stability in the annual inflation indicators.
The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the percentage of completion of operations related to the population census has achieved great progress," explaining that "work began in the field since the first of September for a period of two months, but rapid progress may lead to the completion of operations before the specified date."
He pointed out that "the work will be completed before the end of this month, with the exception of the three governorates of the Kurdistan Region (Erbil, Sulaymaniyah, Dohuk), in which work was delayed for technical reasons," noting that "the completion rate has reached more than 90 percent."
Regarding the country’s need for schools, Al-Hindawi said, “Previous estimates indicated a need for about 6,000 schools, but the implementation of many projects within the framework of the Chinese agreement and other activities significantly reduced the need,” indicating that “the ministry is awaiting the results of the general population census to provide an accurate figure on the number of current schools.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Does the CBI have a time table to their plan of reforms and are they following it? ...they are now targeting early 2025 for the reinstatement. Everything they are doing from now to the end of year is geared towards this target is on a timetable.
10-18-2024 Intel Guru Frank26 Article: "Iraq Increases Reserves at IMF by 50%" MANY CENTRAL BANKS AROUND THE WORLD INCREASE THEIR RESERVES WITH THE IQD... BECAUSE IT'S NO SECRET.
BRICS Gobbling Up Gold as '500 Black Swans' Circle the West: Bob Moriarty
Commodity Culture: 10-18-2024
Bob Moriarty believes the Western hegemony is in crisis mode as incompetent and corrupt political leaders plunge their countries into a debt-based abyss and push for unwinnable wars that will end in disaster.
Bob points out that Russia and China have been gobbling up gold more than any other nation and in the new monetary system ahead, the BRICS nations will send the US dollar packing and establish a long-lasting reign as the next global superpower.
00:00 Introduction
00:42 Can the BRICS Unit Challenge the USD?
11:02 Final Days of the Western Empire
13:53 We Are in the Fourth Turning
17:13 Gold Mining Stock VS Gold
19:08 Gold Stocks to Watch
21:09 How to Evaluate Gold Stocks
23:30 Outlook on Silver Market
25:42 Will the US Election Take Place?
30:23 Why Won't the West Negotiate With Russia?
35:54 Being Geographically Diversified
Reset Coming: New One-World System to Revalue Gold to $150k, Is BRICS the Trigger? Andy Schectman
Reset Coming: New One-World System to Revalue Gold to $150k, Is BRICS the Trigger? Andy Schectman
Kitco News: 10-17-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who says the world is bracing for a reset, with a new system potentially revaluing gold to $150,000 an ounce.
Schectman breaks down what to expect from the upcoming 16th annual BRICS summit being held in Kazan, Russia, on October 22-24. He explains reports around the new common currency known as the ‘Unit’ and elaborates how Project mBridge fits in.
Reset Coming: New One-World System to Revalue Gold to $150k, Is BRICS the Trigger? Andy Schectman
Kitco News: 10-17-2024
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who says the world is bracing for a reset, with a new system potentially revaluing gold to $150,000 an ounce.
Schectman breaks down what to expect from the upcoming 16th annual BRICS summit being held in Kazan, Russia, on October 22-24. He explains reports around the new common currency known as the ‘Unit’ and elaborates how Project mBridge fits in.
Schectman talks about the future of the U.S. dollar, the accelerating de-dollarization trend, U.S. response, and the inevitability of central bank digital currencies (CBDCs). He also shares his view on gold in this new one-world system that he forecasts.
00:00 Coming Up
02:08 Introduction: BRICS Summit
04:21 De-dollarization and Gold Accumulation
07:42 Central Bank Gold Repatriation
11:04 Project mBridge and the ‘Unit’
13:46 BRICS Expansion
23:21 Common Currency
41:33 CBDC, Future of Currencies
53:49 US Response
58:25 Fiscal Irresponsibility
59:12 Decline of the Dollar’s Purchasing Power
01:02:58 Global Economic Shifts and BRICS
01:10:05 Role of Gold in a New Economic System
01:13:26 Speculations on Gold Revaluation
01:18:47 Future of the Dollar
Seeds of Wisdom RV and Economic Updates Friday Morning 10-18-24
Good Morning Dinar Recaps,
RIPPLE NEWS: SEC’S FORM C FILING SPARKS BACKDATING CONTROVERSY; HERE’S THE TRUTH
Today, the SEC shared specific details about its appeal regarding the Ripple XRP lawsuit. For the past two weeks, it was clear the SEC intended to appeal, and they have now filed a Form C to outline their arguments.
What the SEC is Appealing
The SEC is focusing on Ripple’s programmatic sales of XRP on digital asset trading platforms. They are also bringing Ripple executives Brad Garlinghouse and Chris Larsen back into the case, alleging that they aided and abetted these sales.
Good Morning Dinar Recaps,
RIPPLE NEWS: SEC’S FORM C FILING SPARKS BACKDATING CONTROVERSY; HERE’S THE TRUTH
Today, the SEC shared specific details about its appeal regarding the Ripple XRP lawsuit. For the past two weeks, it was clear the SEC intended to appeal, and they have now filed a Form C to outline their arguments.
What the SEC is Appealing
The SEC is focusing on Ripple’s programmatic sales of XRP on digital asset trading platforms. They are also bringing Ripple executives Brad Garlinghouse and Chris Larsen back into the case, alleging that they aided and abetted these sales.
However, it’s important to note that the SEC is not appealing the court’s ruling that XRP is not a security, nor are they contesting the $125 million monetary penalty imposed on Ripple.
The fact that the SEC isn’t appealing the classification of XRP as a non-security is seen as a positive development for the market. However, there are still challenges ahead for Ripple and its executives.
Market Reaction and Legal Concerns
Following the SEC’s filing, some pro-XRP lawyers expressed concerns on social media, claiming that the SEC backdated their filing. They raised questions about the timing and ethics of the filing.
However, former SEC lawyer Marc Fagel pointed out that the SEC downloaded supporting documents just before submitting the filing, which raises suspicions about whether they were fully aware of their obligations.
Attorney Bill Morgan questioned the reasoning behind waiting a day to submit the documents and suggested that if they prepared the filing on the 17th but dated it the 16th, it could indicate ethical issues. Marc agreed, questioning why they would download the documents on the 16th and delay submitting them. While there could be a filing error, there’s currently no evidence to support that theory.
Marc replied and said, “Backdating is bad. I don’t think anyone would disagree (I spent several years at the SEC on backdated stock option cases). But we can speculate all sorts of things which would be bad without benefit of evidence.”
@ Newshounds News™
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BRICS ADVANCES PLANS FOR ‘MULTICURRENCY SYSTEM,’ AIMING TO DETHRONE US DOLLAR
▪️Russia is proposing the use of multicurrency payments in BRICS to minimize the dependence upon the US dollar.
▪️Russia proposes using blockchain to minimize expenses and dependence on the conventional banking sector.
Russia has called on BRICS nations to establish a new cross-border payments network as part of a broader strategy to reduce dependency on the global financial system, including SWIFT. The proposal is to enhance the economic relations within the bloc and to promote intra-bloc dealings in local currencies.
This comes in the wake of several actions taken by the US and its allies, including closing major Russian banks from the Society for World Interbank Financial Telecommunication (SWIFT) and seizing Russia’s foreign assets. It is worth noting that Russia has been subjected to several severe sanctions since it launched the operation in Ukraine in February 2022.
BRICS Multicurrency System Proposal
The Russian Finance Ministry, the Bank of Russia and the Moscow-based Yakov & Partners have submitted a report on the ‘multicurrency system’. The proposed system would shield the BRICS countries from outside threats, including sanctions that have extraterritorial jurisdiction.
The report stresses that US foreign policy is not always congruent with other countries’ interests, and this is why the country needs financial independence.
The network would rely on a group of banks with international capabilities that would be able to operate in the local currencies of the BRICS countries. Further, it has been suggested that the BRICS member central banks should establish direct links to minimize the impacts of external financial pressures.
The plan also includes the establishment of new trading platforms for major goods, including oil, gas, grains, and gold, to boost trade within the BRICS countries. These measures are considered to be a broader plan for decreasing the use of the U.S. dollar in international transactions.
BRICS Members Prepare for Upcoming Summit in Kazan
While Russia has been trying to decrease its exposure to the US dollar, other members of the BRICS have remained connected to the dollar-dominated financial system. According to the Brookings Institution, the USD was used in 58% of cross-border transactions that did not involve the euro in 2022, and 54% of trade finance instruments were denominated in USD.
The release of Russia’s report comes amid preparation for the BRICS summit scheduled to take place in Kazan from the 22nd to the 24th of October. The summit will be led by President Vladimir Putin after the recent addition of Iran, the United Arab Emirates, Ethiopia, and Egypt into the bloc.
Russia also suggested in the report that DLT could further improve cross-border payments within the BRICS framework. The system would use tokens for settlements and be a multinational platform. The report notes that the major advantage of DLT is the ability to reduce credit risk.
In addition, the use of DLT can also decrease the time and the costs in the process since there are no need for correspondent banks and do compliance checks. The authors estimate that if BRICS countries use this system for half of their cross-border transactions, the total annual cost could be reduced by $15 billion.
@ Newshounds News™
Source: Crypto News Flash
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🌍CONSTITUTION FRIDAY NIGHTS CALL | Youtube
Jim is part of the team that has researched the history of our Constitution over the last decade plus years and is a working member of the Washington Assembly in Washington, a state of the Union of States that we know as America.
He will answer any questions you have about how we lost our rights and why our government does not follow the Constitution as our founders laid out for us in our original Constitution of 1776.
If you have not heard of your Strawman accounts, how you lost your rights with your Birth Certificate, and how you are really a British citizen, then you need to join us on these calls and start asking questions. He will even let you know how you can correct these atrocities. You can start by listening to previous calls on our youtube channel below under the video topic labeled The Constitution.
We have been lied to our whole lives by our government. So come join us tonight and learn the truth about our real history.
Join us tonight at 5 PM PT - 7 PM CT - 8 PM ET in the Constitution Room on Telegram
You can download the Telegram APP here: https://telegram.org/
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's Podcast Link
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Follow the Roadmap
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Seeds of Wisdom Team™ Website
Subscribe to Newsletter
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News, Rumors and Opinions Friday AM 10-18-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 18 Oct. 2024
Compiled Fri. 18 Oct. 2024 12:01 am EST by Judy Byington
Possible Timing
Judy Note: These Possible Timing Dates have been adjusted according to new information received – perhaps the changes were made because of use of the Julian Calendar?
On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched the fiat US Dollar and will now pay trade in local gold/asset-backed currencies:
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 18 Oct. 2024
Compiled Fri. 18 Oct. 2024 12:01 am EST by Judy Byington
Possible Timing
Judy Note: These Possible Timing Dates have been adjusted according to new information received – perhaps the changes were made because of use of the Julian Calendar?
On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched the fiat US Dollar and will now pay trade in local gold/asset-backed currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies
On Mon. 14 Oct. 2024 the BRICS Summit struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies, taking a direct shot at the dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/
On Tues. 15 Oct. 2024 Zimbabwe’s new gold-backed currency officially entered general circulation.
On Thurs. 17 Oct. 2024 the gold-backed Chinese Yen replaced the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar ceased to exist because it has no value and cannot be used for international trade.
On Thurs. 17 Oct. all banks (allegedly) closed worldwide that were not Basel III Compliant (have gold backed currency).
Thurs. 17 Oct: International Day for the Eradication of Poverty was observed, marking adoption of the Convention on the Rights of the Child (UNCRC) on 20 November 1989.
On Thurs. 17 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, which meant that NESARA/GESARA also activated across the World on 17 Oct. 2024.
On Thurs. 17 Oct. LIBOR was replaced by SOFR, marking a significant change in financial benchmarks.
On Thurs. 17 Oct. the new United States of America Republic (allegedly) started its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.
On Thurs. 17 Oct. 2024 Congress adjourned for 30 days (Congress can only be arrested when it’s not in session).
On Saturday 19 Oct. 2024 Iraq celebrates their Independence Day.
Tues. 22 Oct. to Thurs. 24 Oct. BRICS Summit To (allegedly) Announce Global Currency Reset. The event in Kazan hosting 24 leaders, 32 countries will initiate a massive shift in macroeconomics through the arrival of its BRICS Pay system.
The event is expected to be the largest foreign policy event ever held in Russia. That should be a massive moment for the global south and its continued efforts toward increased competition with the West. https://watcher.guru/news/who-will-attend-brics-summit-2024-key-leaders-confirmed https://www.dailynewsegypt.com/2024/10/13/brics-summit-in-kazan-to-host-24-leaders-32-countries
On Sun. 27 Oct. into Mon. 28 Oct. 2024 Project Sandman (US Dollar crash) was expected to kick off.
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Thurs. 17 Oct. 2024 Bruce: (RUMORS)
Your R&R monies will already be in your Quantum Account that you will activate when you do your exchange.
You will have a new email account set up at the Redemption Center.
Your Quantum Card will only be used to transfer funds from your Quantum Account to your Master bank account with Wells. You can transfer to other banks from there.
A source at Social Security reported that Social Security increases are not going to be in October, but will be in the month of November. You will get your added payment (a 80% to 100% increase from what you are presently receiving) a week after you get your regular payment.
Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct.
They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct.
BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.
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Thurs. 17 Oct. 2:48 am Ginger: “Protecting my contacts, while I’m not permitted to explain the exact details, I’ll just tell you I’ve verified the most encouraging and LEGIT news for Tier 1 through Tier 4A / Bond holders that I’ve ever heard from my REAL People contacts on Wednesday. It took several hours to vet the details after work, so I’m reporting this, with extreme CONFIDENCE.”
Thurs. 17 Oct. 2024: Over 35 countries have confirmed their participation in the upcoming BRICS Summit in Russia.
Read full post here: https://dinarchronicles.com/2024/10/18/restored-republic-via-a-gcr-update-as-of-october-18-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO last week a series of meetings have been occurring with banks. IMO the Central Bank of Iraq is...sending out a 'beacon'...a submarine ping...This data, information, intel, is coming and it's now coming fast to all these [U.S.] banks...They went from denying and saying it's a scam to...they're saying we'll talk to you soon.
Babysmom Community Comment: ...HCL is completed and fully funded today. We’re up next... Babysmom: HCL STANDS FOR HYDROCARBON LAW. IT IS THE LAW THAT DIVVIES UP THE PROFITS FROM BAGHDAD'S SALE OF OIL, WITH PROFITS GOING TO THE OTHER PARTS OF IRAQ. THERE HAS ALWAYS BEEN A BACK AND FORTH ABOUT HOW MUCH OF A PROFIT PERCENTAGE THE OTHER PARTS OF IRAQ WOULD RECEIVE.
Zimbabwe's Currency Problem Is A Glimpse Into Our Future...
Lynette Zang: 10-17-2024
Today we are talking about an update to the Zimbabwe situation and drawing comparisons to our own currency problems... IS THIS OUR FUTURE?
30 Sec To Midnight: "Stock Insiders Are Selling, I'm Buying SILVER" | Mike Maloney
10-17-2024
Mike Maloney breaks down why we’re on the brink of the biggest financial collapse in history—larger than 2008.
With Nvidia’s market valuation soaring to unsustainable heights and corporate insiders selling off, the signs are clear: the bubble will pop, and the fallout will be catastrophic.
Maloney also reveals how key economic data is being hidden and why he’s buying physical silver as the ultimate hedge against the coming storm. Get ready for what’s next and learn how to protect yourself.
“Tidbits From TNT” Friday Morning 10-18-2024
TNT:
Tishwash: Al-Sudani to Lukoil delegation: The government attaches great importance to developing oil industries and production capacities
Prime Minister Mohammed Shia al-Sudani stressed, on Thursday, that the government attaches great importance to developing the oil industries and Iraqi production capabilities.
A statement from his office received by Al-Mirbad stated that "Prime Minister Mohammed Shia al-Sudani received a delegation from the Russian oil company Lukoil, where they reviewed the progress of cooperation with the company and the executive work it is undertaking in Iraq."
TNT:
Tishwash: Al-Sudani to Lukoil delegation: The government attaches great importance to developing oil industries and production capacities
Prime Minister Mohammed Shia al-Sudani stressed, on Thursday, that the government attaches great importance to developing the oil industries and Iraqi production capabilities.
A statement from his office received by Al-Mirbad stated that "Prime Minister Mohammed Shia al-Sudani received a delegation from the Russian oil company Lukoil, where they reviewed the progress of cooperation with the company and the executive work it is undertaking in Iraq."
The statement added that "the Prime Minister listened to a briefing on the company's work in the West Qurna 2 and Orido oil fields, and the progress of implementation."
The Prime Minister stressed - according to the statement - that "the government attaches great importance to the issue of developing the oil industries and Iraqi production capabilities, and a priority in implementing development projects; in order to maximize revenues, especially in the field of transitioning to the production of various petroleum and petrochemical derivatives, based on a broad and strong infrastructure for the oil sector, especially in the field of extraction." link
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Tishwash: Government advisor identifies 4 directions to revitalize the private sector in Iraq
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed Iraq’s ability to activate the private sector through development funds.
Saleh told Al Furat News Agency: “The funds allocated to development funds can be greatly utilized to stimulate the private sector in Iraq, especially in light of major projects such as the Grand Faw Port and the Development Road.”
He said, "These projects represent strategic opportunities to stimulate economic growth and attract investments, and they also contribute to improving infrastructure and making Iraq an important center for maritime and land trade in the region."
Saleh pointed out that development funds can direct part of their investments to:
1 - Infrastructure supporting the private sector: through financing road, railway, port and airport projects, which contribute to improving the business environment and facilitating transportation and shipping operations.
2- Financing small and medium enterprises: Encouraging the growth of these projects through financial facilities such as soft loans or providing guarantees, which contributes to creating job opportunities and improving the local economy.
3- Investing in technology and innovation: Supporting the development of the private sector’s technical capabilities by financing research and development and encouraging companies to adopt new technologies that improve productivity and efficiency.
4- Developing the logistics sector: Providing financial support for logistics projects that contribute to supporting the port of Faw and linking Iraq to regional and international markets.
5- Stimulating the industrial sector: Allocating funds to develop national industries, especially those related to energy, manufacturing industries, and petrochemicals, to expand the local production base and enhance its competitiveness in global markets, noting the importance of the five industrial cities and economic zones proposed to be established on the path of development and their role in this regard.
The Prime Minister's Advisor stressed that "thanks to these initiatives, Iraq will be able to revitalize the private sector and make it a major partner in economic development and achieve maximum benefit from its strategic geographical location." link
************
Al-Sudani chairs a meeting to follow up on efforts to develop the work of the government banking sector
Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on efforts to develop the work of the government banking sector, in the presence of representatives of Ernst & Young Auditing and Financial Consulting.
Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Thursday on efforts to develop the work of the government banking sector, in the presence of representatives of Ernst & Young for Auditing and Financial Consulting.
A statement issued by Al-Sudani's media office stated that during the meeting, a package of recommendations was presented by the company to proceed with the reform of Rafidain Bank, which included the new legal status of Rafidain Bank, its capital, its work strategy, and the new consultant who will work with the bank to meet the global requirements for modern banking.
The statement explained that these recommendations will be submitted to the Ministerial Council for the Economy, which will then submit them to the Council of Ministers for approval.
The statement quoted Al-Sudani as saying that the issue of restructuring Rafidain Bank is the first step in the government’s banking reforms, which have been given special attention to follow up on all reports related to it, submitted by the relevant authorities, especially the committee concerned with the restructuring process.
The Prime Minister stressed the importance of the banking sector reform project, which began with Rafidain Bank, pointing out the work to provide a bank with specifications and standards through which problems can be overcome and confidence can be given to citizens, in addition to enhancing cooperation with local and foreign investors. limkn
Mot....... Why - I Say!! -- Why!!!
Mot: ...... Friday it is
Seeds of Wisdom RV and Economic Updates Thursday Evening 10-17-24
Good Evening Dinar Recaps,
IRELAND DRAFTING URGENT CRYPTO LAWS BEFORE EU MONEY-LAUNDERING RULES
Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.
Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.
No details were shared about the new crypto legislation or when it might come into force.
Good Evening Dinar Recaps,
IRELAND DRAFTING URGENT CRYPTO LAWS BEFORE EU MONEY-LAUNDERING RULES
Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.
Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.
No details were shared about the new crypto legislation or when it might come into force.
The EU’s “Anti-Money Laundering and Countering the Financing of Terrorism Act” will enhance the powers of financial intelligence units, enabling them to suspend transactions.
It will also impose stricter reporting requirements for crypto exchanges and a 10,000 euro ($10,850) limit on cash payments. There will be more stringent monitoring of large transactions and new reporting requirements for high-value transactions.
The legislative framework covers a range of areas posing risks, including crypto assets and crowdfunding. It also “complements other regulations such as Markets in Crypto-Assets Regulation (MiCA),” the European Commission noted earlier.
In September, Derville Rowland, deputy governor of the Central Bank of Ireland, said that the country aims to stay at the forefront of safe innovation through MiCA.
She said that crypto regulations were essential for Europe to become a global leader in adapting and adopting new technologies.
The EU’s MiCA regulations — separate from its AML/CFT act — came into effect in June 2023.
“It is important that Ireland, as a small, open economy with a thriving financial services industry, is an active participant in preventing its financial system from being used for money laundering and terrorist financing purposes,” said the Central Bank of Ireland.
As of July, the Central Bank of Ireland had approved 15 virtual asset service providers. These included Gemini, Ripple, Paysafe, MoonPay and Coinbase, which agreed to delist non-compliant stablecoins from its European platform.
@ Newshounds News™
Source: CoinTelegraph
~~~~~~~~~
XLM NEWS: PAXOS ANNOUNCES STELLAR NETWORK INTEGRATION TO DRIVE STABLECOIN ADOPTION
▪️Paxos’ integration with the Stellar network aims to accelerate institutional adoption of stablecoins, enhancing global access to digital dollars.
▪️The partnership highlights Paxos’ focus on regulatory compliance and trust, positioning both companies to drive stablecoin adoption in global financial markets.
Paxos, known for its highly regulated tokenization platform, continues to build trust and credibility by complying with financial regulations in every region it operates.
Following a recent CNF update on leading stablecoin issuers embracing an international set of stablecoin standards, Paxos announced its integration with the Stellar network at the Meridian 2024 conference, marking a significant step in expanding its tokenization platform.
Stellar is a well-regarded open-source blockchain used for payments and remittances. In a press release, Paxos CEO and Co-Founder Charles Cascarilla stressed:
We are excited to partner with Stellar to make trustworthy stablecoins more accessible to global institutions. Stablecoins will revolutionize the global financial system and open access to people around the world. This collaboration will accelerate the adoption of stablecoins by users worldwide.
This partnership is expected to facilitate institutional adoption of stablecoins, which are issued by properly regulated institutions. As stablecoins gain traction, they are becoming crucial for enterprises and institutions looking to engage with more open and secure digital economies.
The collaboration with Stellar highlights Paxos’ commitment to ensuring its tokenized assets meet global financial regulations and enhance stablecoin accessibility.
Paxos CEO and Co-Founder Charles Cascarilla expressed excitement about the partnership, stating that stablecoins are poised to revolutionize the global financial system.
By making stablecoins more accessible through Stellar’s low-cost and high-speed infrastructure, Paxos aims to accelerate institutional adoption of digital dollars globally.
Stellar’s CEO, Denelle Dixon, emphasized the importance of Paxos as a regulated financial institution in advancing tokenized assets on the Stellar network, praising its ability to foster trust and credibility.
Paxos’ Regulatory Strength and Global Partnerships
With a strong focus on regulated offerings, Paxos supports global enterprises and institutions, including major partners like PayPal, Mastercard, and Nubank.
The company’s infrastructure enables these partners to tokenize, custody, and trade digital assets seamlessly, contributing to a more efficient global financial system.
By late 2024, Paxos plans to bring assets to the Stellar network, further strengthening its position in the digital economy. Paxos’ commitment to trust and transparency, along with its regulatory credentials, underscores its role as a leader in blockchain-based financial infrastructure.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
CHEVRON OVERTURN UNLIKELY TO IMPACT SEC'S CONDUCT — RIPPLE CLO
In 2023 alone, the Securities and Exchange Commission filed over 20 lawsuits against firms and individuals in the crypto industry.
Ripple’s chief legal officer, Stuart Alderoty, believes that the June 2024 overturn of Chevron USA Inc. vs. Natural Resources Defense Council by the United States Supreme Court will have little impact on the Securities and Exchange Commission’s (SEC) strategy of pursuing crypto compliance through enforcement.
In an interview with Cointelegraph’s Turner Wright, Alderoty stressed that only a leadership change would cause a shift in SEC posturing.
“I think under this leadership, the SEC has done tremendous institutional damage to what was once a very well-respected agency,” the Ripple CLO said.
Alderoty also stated that the SEC’s continued litigation against the crypto industry — including the recent appeal in the Ripple lawsuit — was deliberate and meant to create maximum confusion among industry participants:
"This SEC, under this leadership, I don't think they much care if they're right or wrong as a matter of law. I think their goal is through a massive wave of enforcement actions — and now on appeal — to keep a cloud of legal uncertainty over the industry."
“I think ultimately they will be proven wrong again. I don’t think they’re bothered by that,” Alderoty said, before characterizing the SEC’s aggressive stance toward the crypto sector as “Very disturbing.”
Loper Bright vs. Raimondo — overturning 40 years of precedent
The 40-year precedent set by the Chevron case in 1984 was overturned by the United States Supreme Court in the Loper Bright Enterprises v. Raimondo case on June 28, 2024.
The 1984 decision paved the way for courts to defer to regulatory agencies and their internal — often arbitrary — methods of policy enforcement.
For the nascent crypto industry, this meant that startups faced prohibitive regulatory demands from multiple government regulators that choked off innovation and discouraged investment, especially from institutional firms.
In July 2024, Uniswap Labs cited the Chevron overturn as an argument against the SEC’s proposed expansion of what legally qualifies as an “exchange” under the Exchange Act of 1934 — a regulatory change that would bring decentralized finance projects under the purview of the SEC.
@ Newshounds News™
Source: CoinTelegraph
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🌱 SILVER VS GOLD AND WHAT ABOUT COPPER? | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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A Real Asset With A 12% Dividend Yield
A Real Asset With A 12% Dividend Yield
Notes From the Field By James Hickman / Simon Black October 17, 2024
It’s very hard to overstate just how obliterated the global economy was following World War II. Europe was in ruins, with many major cities having been bombed back into the Stone Age. Japan had literally been nuked.
And just about every economy around the world that still had any manufacturing capacity was pumping out guns, bullets, and bombs; there was hardly any economic activity taking place that wasn’t somehow tied to the war.
It was sort of like Covid— the regular economy was shut down... and governments discovered very quickly that they couldn’t simply turn the global economic machine back on with the flip of a switch.
A Real Asset With A 12% Dividend Yield
Notes From the Field By James Hickman / Simon Black October 17, 2024
It’s very hard to overstate just how obliterated the global economy was following World War II. Europe was in ruins, with many major cities having been bombed back into the Stone Age. Japan had literally been nuked.
And just about every economy around the world that still had any manufacturing capacity was pumping out guns, bullets, and bombs; there was hardly any economic activity taking place that wasn’t somehow tied to the war.
It was sort of like Covid— the regular economy was shut down... and governments discovered very quickly that they couldn’t simply turn the global economic machine back on with the flip of a switch.
The transition from obliterated war economy to booming peacetime economy was an incredibly difficult one. So in 1948, the United States (which was among the only developed major economies still standing) launched the Marshal Plan.
The idea was simple, America would shovel $13 billion (which, as a percentage of global GDP is equivalent to around $5 trillion today) around the world to facilitate trade and economic development.
But alongside the financial aid came a promise: the US Navy would protect the seas, ensuring that the global flow of goods could continue unimpeded.
For decades, American naval dominance guaranteed a level of safety and stability that allowed international trade to thrive. Shipping routes were secured, costs remained low, and commerce could flow relatively uninterrupted across the world's oceans.
The post-WWII era ushered in an unprecedented period of cooperation and prosperity, making international trade easier, faster, and more profitable.
But those calm seas are growing choppy again.
The war between Russia and Ukraine, for example, has drastically altered oil trade routes. Russian crude oil, which once flowed easily into Europe, is now making much longer journeys to places like India, where it’s refined and then sent back to Europe as diesel.
This convoluted, inefficient process is adding enormous strain and cost to shipping routes, increasing the “ton miles”, i.e. each mile that a ton of product must travel.
But this is just one example. In the Middle East, the Houthis in Yemen have launched attacks on vessels transiting the Red Sea, creating a new chokepoint in global shipping lanes. Pirates have increased their attacks in the area as well.
Many oil tankers are now rerouting entirely around the southern tip of Africa to avoid the Suez Canal, extending travel times significantly.
The further oil must go, the more tankers are needed. The problem is, these changes took place quite rapidly, yet shipbuilding is not an industry that can quickly respond to that demand.
Shipbuilding is a slow, capital-intensive process. And after years of underinvestment, there are hardly any new tankers being built. Shipyards are busy constructing other types of vessels, but the number of new oil tankers remains near record lows.
At the same time, a large chunk of the existing global fleet is over 20 years old, nearing the end of its lifespan. This imbalance is going to worsen before it gets better, leading to a serious shortage in oil tankers at the exact moment when the world needs them most.
The combination of more ton miles and fewer ships is creating a perfect storm in the tanker market.
This imbalance is inflationary. Both shipping and energy are core components of nearly every supply chain. Higher costs to transport oil mean higher costs for just about everything else we buy—from groceries to manufactured goods.
Climate fanatics can pretend that the world is ready to run off wind and solar, which is why they suppress investment in everything from new drilling, to transport ships. But the reality is, oil is still the most important energy source on earth.
Energy is a prime example of a real asset— a critical resource that keeps the economy going, and cannot be created out of thin air by governments and central banks.
And the shipping companies which transport that oil are real asset businesses... which is why we have been following this industry closely.
One company in particular that we told subscribers about in our premium investment research stands out as being uniquely positioned to capitalize on these trends.
It has a fleet of 82 ships, with an average age of just over 10 years, meaning they have plenty of life left. They can also continue to benefit from the shortage of ships as long as it lasts— which we know from the global orderbook for new ships, will be several years at least.
But this also means the company won’t have to spend huge amounts of capital in the near future buying new ships. And already, it carries little debt... yet still pays around a 12% dividend.
Again, in addition to the dynamics of debt, deficits, and dysfunction in the US government which promise to increase inflation, global conflict is also inflationary.
This is another example of the real asset companies not only poised to do well in an inflationary world, but that are also trading near historic low valuations.
This shipping company, for example, is trading at a P/E (price to earnings) ratio of just 4.44.
While we can wish all we want that the world was not becoming less cooperative, that won’t change the reality. Better to position ourselves to benefit under these conditions, by investing in companies that actually gain from that disorder.
We’ve talked a lot about this same dynamic when it comes to gold, and why central banks around the world are turning to it, and away from the US dollar.
We also talked about it recently in relation to how the prices of certain critical metals have been artificially suppressed by climate fanatics who think the days of gas vehicles are past. They are wrong.
The best way to fight back, while inflation-proofing your future, is to invest in critical real asset companies at historic lows.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
PS-
Our premium investment research service, The 4th Pillar, has provided recent, in-depth reports on several undervalued real asset businesses, which we believe are set to boom under these conditions
https://www.schiffsovereign.com/trends/a-real-asset-with-a-12-dividend-yield-151662/
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 10-17-24
Good Afternoon Dinar Recaps,
STABLECOIN ADOPTION IN U.S. IS LOW: CHAINALYSIS REPORTS
According to a Chainalysis report, stablecoin adoption in the U.S. has slowed, with regulatory uncertainty driving more transactions to global markets.
Stablecoin adoption in the U.S. has slowed in 2024 compared to global markets, according to an October 17 report by blockchain analysis firm Chainalysis.
Good Afternoon Dinar Recaps,
STABLECOIN ADOPTION IN U.S. IS LOW: CHAINALYSIS REPORTS
According to a Chainalysis report, stablecoin adoption in the U.S. has slowed, with regulatory uncertainty driving more transactions to global markets.
Stablecoin adoption in the U.S. has slowed in 2024 compared to global markets, according to an October 17 report by blockchain analysis firm Chainalysis.
The report highlights that while stablecoin use has surged internationally, U.S. markets have seen a decline in their share of stablecoin transactions, dropping from roughly 50% in 2023 to below 40% in 2024.
Global Stablecoin Adoption Outpaces the U.S.
As per the report, this slowdown in adopting stablecoin in the U.S. is largely attributed to the lack of regulatory clarity.
Chainalysis noted that, in contrast to other regions, the U.S. has failed to make significant regulatory progress in the digital assets space, particularly stablecoins, contributing to a stagnation in adoption.
While the U.S. stablecoin market is experiencing a relative decline, global markets have witnessed increased adoption.
More transactions are now taking place on non-U.S.-regulated exchanges, reflecting a growing demand for stablecoins in emerging markets.
This surge is driven by stablecoins’ ability to offer a stable store of value in regions with volatile currencies and limited access to U.S. dollars.
Populations in these areas use stablecoins to access U.S. dollar stability without needing traditional banking systems.
U.S. Regulatory Uncertainty and Global Competition
Chainalysis also emphasized that regulatory uncertainty in the U.S. contributes substantially to the country’s slowdown in stablecoin adoption.
Unlike regions such as the European Union, United Arab Emirates, Singapore, and Hong Kong, which have enacted clear regulatory frameworks encouraging digital asset growth, the U.S. struggles to regulate stablecoins.
Additionally, the European Union’s Markets in Crypto-Assets Regulation (MiCA), implemented in June 2024, has provided much-needed clarity for stablecoins in Europe, attracting projects and fostering adoption.
Meanwhile, Circle warns that without clear guidance, the U.S. could forfeit its influence in the stablecoin market and lose its leadership in dollar-based on-chain commerce.
While the U.S. lags in regulatory progress, there have been steps toward developing a stablecoin framework.
In July 2023, the House Financial Services Committee advanced a stablecoin bill aimed at providing regulatory clarity.
Circle remains optimistic, hoping that Congress will pass the bill to establish clear anti-money laundering (AML) and sanctions obligations for stablecoin issuers, ensuring the U.S. retains its role in the global stablecoin market.
@ Newshounds News™
Source: CryptoNews
~~~~~~~~~
RIPPLE NEWS: CEO BRAD GARLINGHOUSE CONSIDERS IPO PATH, SAYS ‘SEC IS NOT OUR FRIEND’
At the recent Swell conference, Ripple CEO Brad Garlinghouse addressed the possibility of the company going public. When asked about a potential IPO in light of regulatory clarity expected next year, he clarified, “An IPO has not been a high priority for us. Part of that is because the SEC is not our friend.”
In an interview with Thinking Crypto, he said that most companies seek to go public primarily to raise capital. In contrast, Ripple has maintained a strong financial position, allowing it to invest in various projects and make acquisitions without the immediate need for public funding. “We have a hostile SEC and a company that doesn’t need to raise capital,” he said, explaining why an IPO is not at the forefront of Ripple’s agenda.
Garlinghouse did acknowledge the importance of ensuring liquidity for shareholders and maintaining appropriate company valuation. However, he reiterated that prioritizing an IPO is not urgent, especially given the time-consuming process it entails. “Even when I think about it, usually when a company says they’re going public, it still takes twelve plus months,” he said, adding that regulatory conditions must improve first.
The Crypto Market Outlook for 2025
When discussing the broader crypto market as it heads into 2025, Garlinghouse expressed positivity despite the challenges the industry has faced.
Garlinghouse pointed out that the U.S. government’s previously hostile stance towards crypto is beginning to shift, especially with major players like BlackRock entering the space. He explained the importance of this development, as it indicates increasing institutional interest in blockchain technology and its potential applications.
While acknowledging the difficulty of making accurate predictions about crypto prices, Garlinghouse remains optimistic about the next year or two, suggesting that positive changes may occur sooner rather than later.
@ Newshounds News™
Read more: CoinPedia
~~~~~~~~~
🌍 Q: Can I sell my Zim for money today? Can I gift Currency? DYOR | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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More News, Rumors and Opinions Thursday Afternoon 10-17-2024
MikeCristo8: This will Reset Oil Back onto a Gold Standard
10-16-2024
The whole point of the BRICS alliance is to stabilize the Middle East oil markets away from the dollar SWIFT payment systems.
This involves having a new currency to settle your Middle East oil trade.
BRICS is likely to introduce a *small basket of currencies backed by oil and gold.
That will reset oil back onto a gold standard.
MikeCristo8: This will Reset Oil Back onto a Gold Standard
10-16-2024
The whole point of the BRICS alliance is to stabilize the Middle East oil markets away from the dollar SWIFT payment systems.
This involves having a new currency to settle your Middle East oil trade.
BRICS is likely to introduce a *small basket of currencies backed by oil and gold.
That will reset oil back onto a gold standard.
Doesn’t everyone realize that the liquidity problems faced by banks is.
Because the dollar no longer settles the oil trade.
China is devaluing the yuan against gold to get oil onto a gold standard.
https://dinarchronicles.com/2024/10/16/mikecristo8-this-will-reset-oil-back-onto-a-gold-standard/
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 17 Oct. 2024
Compiled Thurs. 17 Oct. 2024 12:01 am EST by Judy Byington
Wed. 16 Oct. 2024 The 30+1 Primary Provisions of NESARA GESARA: The Ultimate Blueprint for Global Transformation …David Wilcock
1. Debt Forgiveness: All bank-related debts, including credit cards, mortgages, and loans caused by illigal banking practices, will be eliminated. This financial “jubilee” will free people from oppressive financial institutions.
2. Termination of the IRS: The IRS will be permanently shut down, and its employees will be reassigned to the new Treasury-based tax collection system.
3. Abolishment of Income Tax: Income taxes, including taxes on investments and retirement accounts, will be completely removed, as they were unconstitutionally imposed.
4. Flat-Rate Sales Tax: A 14% flat-rate sales tax will be introduced on new, non-essential goods (excluding food, medicine, and used items) to fund government operations, ensuring a fairer and more transparent tax system.
5. Restoration of Financial Privacy: New systems will be implemented to protect financial privacy, ending widespread data theft and hacking.
6. Re-indexing of Precious Metals: Gold, silver, and other precious metals will be re-indexed within 30 days of NESARA’s completion, stabilizing the economy.
7. Federal Reserve Phase-Out: The Federal Reserve will be dissolved over the course of a year, transitioning all monetary control to the U.S. Treasury.
8. Banking Reform: Banks will face new limits on rates and fees, while citizens gain stronger custody rights over their funds. Banks will be phased out over 3-5 years post-NESARA.
9. Boost to Senior Citizens’ Benefits: NESARA will increase benefits for senior citizens, ensuring financial support during their later years.
10. Global Peace Initiatives: The U.S. will cease all aggressive military actions, focusing on peaceful diplomatic relations worldwide.
11. QFS (Quantum Financial System): Most NESARA-related exchanges of foreign currency and bonds will be securely stored in blockchain accounts via the Quantum Financial System.
12. Humanitarian Project Funding: Large-scale funding will be provided for domestic and global humanitarian projects, allowing for widespread societal improvements.
13. Redemption of Currencies and Bonds: Individuals will have the opportunity to redeem or exchange their foreign currencies and ZIM bonds at specific rates for personal use and humanitarian projects.
14. Reclamation of Stolen Assets: Assets stolen by corrupt institutions, including the Federal Reserve and Wall Street, will be reclaimed and restored to rightful owners.
15. Return to Constitutional Law: NESARA will restore Constitutional Law within the U.S. legal system, eliminating unconstitutional practices.
16. Reinstatement of the Title of Nobility Amendment: Americans under foreign influence or control will lose their citizenship and be deported to prevent foreign interference in domestic affairs.
17. New Elections: Immediate Presidential and Congressional elections will be held within 120 days of NESARA’s announcement, wiping the slate clean of previous corrupt regimes.
18. New QFS Voting System: A revolutionary voting system based on the Quantum Financial System (QFS) will replace the current election system. Only those who have participated in NESARA benefits will be eligible voters.
19. Release of Suppressed Technologies: Over 6,000 hidden patents for advanced technologies, including free energy and medical cures, will be made public.
20. Privatization of the U.S. Postal Service: The USPS will be privatized to streamline operations and improve efficiency.
https://dinarchronicles.com/2024/10/17/restored-republic-via-a-gcr-update-as-of-october-17-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Bank Story] BRAD: Huntington Bank in Pennsylvania...I funded my account with a small amount of money and I said I'd like to place an order for Iraqi dinar but before I do I want to see how much I can get for my money...To make a long story short they sell them at the program rate, which you know is nothing special...By the time I left I realized all I had to do was have her remove money from my account. I was on top of the world. I came home and called...Gary. I said you live in Indianapolis, Do you have any Huntington Banks where you are? [Post 1 of 2....stay tuned]
Frank26 [Bank Story Continues] He goes yeah. I said, you want to call them and see if you can purchase the dinar and dong? He goes sure thing. He text me back half hour later, he goes, Brad I can get them here in Indianapolis too. They come out of Miami...Why would Huntington Bank all of a sudden be selling dinar and dong at...970 branches in 11 states? Boom! FRANK: ...I have a Huntington Bank here in Toledo Ohio, they wouldn't sell dinars in the past. Why are they doing it now? The reason why IMO is because it opens the door for them to exchange the three zero notes. [Post 2 of 2]
LBMA Survey Foresees Silver Rising To $45 Per Ounce
Arcadia Economics: 10-17-2024
The LBMA just held its annual conference in Miami, where they compiled their precious metals survey. Which calls for silver to outperform gold, and rise to $45 per ounce.
To get a full recap of their conclusions and what you can take away from them, Vince Lanci goes through the report and puts it all in context.