More News, Rumors and Opinions Thursday PM 10-31-2024
KTFA:
Clare: Al-Sudani's advisor identifies 3 priorities for the Iraqi economy: We are working on a new approach
10/31/2024- Baghdad
The Prime Minister's Representative, Technical Advisor and Head of the Sovereign Loans Initiative, Mohammed Sahib Al-Daraji, confirmed today, Thursday, that the private sector is a fundamental pillar in the government's new economic plan, while pointing to the government's efforts to reduce the transfer of hard currency and support national projects.
Al-Daraji said in a speech during the first Iraqi Economic Forum that "the Iraqi government has begun taking real steps to support the Iraqi economy, as it has changed the philosophy of the economy that suffered from a lack of clarity in the economic vision for more than twenty years."
KTFA:
Clare: Al-Sudani's advisor identifies 3 priorities for the Iraqi economy: We are working on a new approach
10/31/2024- Baghdad
The Prime Minister's Representative, Technical Advisor and Head of the Sovereign Loans Initiative, Mohammed Sahib Al-Daraji, confirmed today, Thursday, that the private sector is a fundamental pillar in the government's new economic plan, while pointing to the government's efforts to reduce the transfer of hard currency and support national projects.
Al-Daraji said in a speech during the first Iraqi Economic Forum that "the Iraqi government has begun taking real steps to support the Iraqi economy, as it has changed the philosophy of the economy that suffered from a lack of clarity in the economic vision for more than twenty years."
He pointed out that "the government is working on a new approach that considers the private sector a fundamental pillar and seeks to integrate its outputs into the national product," noting that "the government provides special support to the investment and business environment sectors, as it seeks to separate direct investment and provide an appropriate environment for the private sector to participate in projects. The government also encourages partnerships with foreign companies to demonstrate developments in the customs and tax system, such as unifying taxes and customs tariffs across regions, and exempting foreign companies from some special taxes."
He pointed out that "Iraq has begun to guarantee the private sector before international financial institutions through the Sovereign Guarantees Initiative, and has moved towards establishing an international market for carbon bonds to support project financing."
He pointed out the "three priorities of the Iraqi economy: localizing industries, integrating with global financial institutions, and developing competencies for the public and private sectors," adding that "the Iraqi market is open to global companies, especially in the construction and clean energy sectors, and that there is a trend to support the private sector through new legislation such as laws to protect intellectual property and partnerships between the public and private sectors."
He added, "The government supports the economy based on partnership with the private sector, with a focus on reducing the transfer of hard currency abroad.
He expressed his "hope that these conferences will produce outcomes that support the current government's orientations, which is the most attentive to the private sector and the most involved in decisions," noting "the presence of representatives from the private sector on the Development Fund's Board of Directors and within the Prime Minister's official delegations as a message of support for businessmen." LINK
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Clare: Al-Mashhadani is the new speaker of the Iraqi parliament
10/31/2024
Al-Mashhadani is the new speaker of the Iraqi parliament LINK
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Clare: It aims to provide 25 electronic services.. Learn about the details of the (Baghdadna) platform
10/31/2024 Baghdad
Israa Al-Jawrani, Digital Media Officer at the E-Governance and Communications Committee of the Baghdad Provincial Council, explained the details of the (Baghdadna) platform, noting that it aims to provide more than 25 electronic services.
Al-Jawrani said in a statement received by "Al-Eqtisad News", "The (Baghdadna) platform is the first of the future projects and plans in digital transformation and communications technology launched by the Governance and Communications Committee in the Baghdad Provincial Council, which aims to provide more than 25 electronic services to citizens via smart devices, which can be increased in all fields and sectors, including health, education, water and electricity, in addition to afforestation."
She added: “One of the priorities of the Baghdadna platform is how to deliver its use to residents of the outskirts of the capital, and then to the city center. After that, specialized volunteer teams will be formed in this field to teach how to educate citizens and use the platform, in addition to it including a service dedicated to the affected segments and groups in Iraqi society.”
Regarding other services that will be provided to the Baghdadi citizen through the platform, Al-Jourani said, “The near future will witness the launch of many services after completing 85% of the platform’s overall implementation.”
Regarding the mechanism of this platform’s dealing with regulations, wages, and financial collection, Al-Jourani indicated that “there will be a supervisory role over all government institutions and departments linked to the Baghdad Provincial Council, which will be obligated to implement and apply all decisions and services of the platform.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat There is NOT going to any “big lines” or celebrations in Iraq when they revalue in country. The only thing that will happen is that they will go on with life and know they have more purchasing power, but only after the reinstatement happens...They are catching up to the rest of the developed world. Also, you must remember too that the government along with the CBI is constantly now telling the citizens they are going to raise the value of the dinar to the “glory days” of the dinar. [Post 1 of 2....stay tuned]
Mnt Goat ...the CBI is now also broadcasting the videos they produced by the committee, in which my CBI contact told me earlier this year, were being produced and ready for showing, but back then we were told – not yet. Now they are being shown to the public. Yes, it is time and so yet another clue things are close...If you talk to almost any citizens now in Iraq, they will tell you that they expect this event to happen soon. [Post 2 of 2]
Or the price on the budget will go for $70-$40 To work with the budget
Nader: 10-31-2024
Countries That Have Revalued or Adjusted Their Currency - IQD Compared
Edu Matrix: 10-31-2024
Countries That Have Revalued or Adjusted Their Currency - IQD Compared Case Studies of Currency Adjustments that have taken less than ten years.
Why Iraq is going on a 20-year wait, and how Vietnam is on a 50-year wait timeframe. How investors have used the "buy and hold" investment strategy to make huge profits in exotic currencies.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 10-31-24
Good Afternoon Dinar Recaps,
US TREASURY DISCUSSES THE TOKENIZATION OF TREASURIES
During Tuesday’s meeting of the US Treasury’s Borrowing Advisory Committee, the members explored the topic of tokenizing US Treasuries. It discussed the impact of stablecoins on the demand for short term Treasuries, concluding that the effect is marginal.
The presentation covered the use of tokenized Treasuries as a safe haven in the digital asset sector. And finally, it focused on how blockchain and tokenization could improve Treasury market operations, including the benefits, costs and risks.
Good Afternoon Dinar Recaps,
US TREASURY DISCUSSES THE TOKENIZATION OF TREASURIES
During Tuesday’s meeting of the US Treasury’s Borrowing Advisory Committee, the members explored the topic of tokenizing US Treasuries. It discussed the impact of stablecoins on the demand for short term Treasuries, concluding that the effect is marginal.
The presentation covered the use of tokenized Treasuries as a safe haven in the digital asset sector. And finally, it focused on how blockchain and tokenization could improve Treasury market operations, including the benefits, costs and risks.
Stablecoins
Our calculations show the combined US Treasury and repo holdings of the two largest stablecoins, Tether and USDC as $120 billion in June 2024. Putting them on a list of the largest foreign country investors would rank them (combined) in the eighteenth spot. Yet given the total size of Treasury issuance, the figure is indeed marginal.
However, the presentation raised the concern that a collapse of a “major stablecoin like Tether could lead to a fire sale of short-dated Treasuries.”
Some other comments on the stablecoin front might be viewed as controversial by the crypto sector.
For example, it states “In a similar manner to how privately-issued ‘wildcat’ currencies were replaced by government-backed central currencies in the late-1800s, Central Bank Digital Currencies (CBDC) will likely need to replace stablecoins as the primary form of digital currency underpinning tokenized transactions.”
It also notes that “History shows that ‘private currency’ that does not meet NQA requirements leads to financial instability and as such is highly undesirable.”
NQA refers to no questions asked, in the sense that the recipient should not need to perform due diligence before receiving a stablecoin. Both quotes referenced a paper, “Taming Wildcat Stablecoins.”
The importance of intraday for tokenized Treasuries?
When discussing the potential for tokenizing Treasuries, there were some curiosities. Firstly, the presentation outlined the potential benefits, which include:
▪️Improvements in clearing and settlement
▪️Improved collateral management
▪️Improved transparency and accountability
▪️Composability and innovation
▪️Increased inclusion and demand? (fractionalization)
▪️Increased liquidity? (including 24/7)
While ‘intraday’ repo was mentioned in a description of JP Morgan’s repo platform, it was not explicitly covered in the list of advantages. Of course, the enablement of intraday transactions is a direct side effect of improvements in clearing, settlement and collateral management that were mentioned.
Intraday allows banks to use repo to borrow and lend for an hour or two, rather than having to wait for T+1 settlement. Repurchase agreements (repo) involve the temporary transfer of securities in exchange for cash, with the transaction reversed a short while later, plus a small amount of interest.
We’re emphasizing the point because the importance of intraday to traditional financial institutions may be underappreciated in government circles. In a recent speech by Federal Reserve Governor Waller, he emphasized the potential for 24/7 repo. Yet within the industry, intraday is considered far more important than the ability to trade 24/7.
Treasuries and tokenization platforms
A list of tokenization platforms were presented, including JP Morgan’s intraday repo platform. However, there was no mention of Broadridge’s Distributed Ledger Repo (DLR). If someone asked Ledger Insights to state the most important platform in Treasury tokenization right now, it would be Broadridge’s DLR.
The total amount of tokenized Treasury funds on public blockchain is around $2 billion. DLR is used for $1 – $1.4 trillion in transactions per month, whereas JP Morgan’s platform has processed roughly $1.5 trillion since its launch in 2020. One would not expect JP Morgan’s solution to be of the same scale as DLR since it purely serves JP Morgan clients.
DLR has several purposes, with intraday repo as the main one. It also supports sponsored repo via the DTCC’s FICC platform. DLR and JP Morgan’s repo platform already achieve many of the advantages explored during the presentation. However, today they are tiny compared to the scale of the Treasury market.
The conclusion was that a tokenized Treasury platform would ideally be on a private permissioned blockchain managed by a trusted government authority.
@ Newshounds News™
Source: Ledger Insights
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Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves' Tax-and-Spend Storm
Following the latest budget reveal, the pound sterling has taken a sharp tumble, fueled by mounting worries about the U.K.’s fiscal outlook. Chancellor Rachel Reeves’ decision to pump £70 billion into government spending—funded through additional borrowing—has stirred up significant unease among investors. They’re concerned this move could lead to higher inflation and escalating interest rates.
@ Newshounds News™
Read more: Bitcoin News
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FRANKLIN TEMPLETON LAUNCHES TOKENIZED MONEY FUND ON BASE
Franklin Templeton says this is the first tokenized money fund to launch on Coinbase's layer-2 network.
Franklin Templeton is launching its tokenized money fund on Base, Coinbase’s layer-2 network, the asset manager said on Oct. 31.
The Franklin OnChain US Government Money Fund (FOBXX) is the first tokenized fund to launch on Base, Franklin Templeton said in a post on the X platform.
Created in 2021, FOBXX has previously launched on blockchain networks including Stellar, Polygon, and Arbitrum.
Franklin Templeton is unique among tokenized fund managers in outsourcing a meaningful portion of reporting requirements — such as share ownership records typically handled by an off-chain transfer agent — to blockchain networks’ public ledgers.
“We are currently the only product with the ability to use public distributed ledger technologies for official transaction record-keeping,” Roger Bayston, Franklin Templeton’s head of digital assets told Cointelegraph in July.
The launch of FOBXX on Base indicates United States regulators consider Base’s public ledger to be a legitimate instrument for financial recordkeeping.
Franklin Templeton’s FOBXX currently has net assets of approximately $435 million and has been generating annualized returns of about 4.7% as of October 2024.
It is accessible through Franklin Templeton’s Benji Investments platform.
The Base launch marks Franklin Templeton’s latest effort to enhance the accessibility of its tokenized real-world assets (RWAs).
Since its 2023 launch, Base has emerged as Ethereum’s second most popular layer-2 scaling solution, with a total value locked (TVL) of approximately $8 billion, according to L2Beat.
Arbitrum leads with upwards of $13 billion in TVL, the data shows.
Tokenized RWAs — from money funds to artworks — represent a $30-trillion market opportunity globally, Colin Butler, Polygon’s global head of institutional capital, told Cointelegraph in August.
Demand is surging for products that tokenize T-bills and other highly liquid yield-bearing assets.
FOBXX’s top rival is BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with assets under management (AUM) of approximately $530 million, according to data from RWA.xyz.
@ Newshounds News™
Source: CoinTelegraph
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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“Tidbits From TNT” Thursday 10-31-2024
TNT:
Tishwash: The private sector has begun a new phase
Dr. Murtadha Al-Khafaji, a member of the Iraqi Businessmen Union, stated that the Iraqi private sector has begun a new phase that is different from the previous one, and it has become possible to rely on its capabilities to implement projects.
Al-Khafaji said: The projects implemented by the Iraqi private sector indicate the potential of local effort, which has become comparable to global effort, as local capabilities have been developed during the last decade. He added that Iraqi human resources have gained a lot of experience, through interaction with global expertise, which has worked in more than one economic aspect. He pointed out that national companies must occupy the appropriate place within the local labor market. link
TNT:
Tishwash: The private sector has begun a new phase
Dr. Murtadha Al-Khafaji, a member of the Iraqi Businessmen Union, stated that the Iraqi private sector has begun a new phase that is different from the previous one, and it has become possible to rely on its capabilities to implement projects.
Al-Khafaji said: The projects implemented by the Iraqi private sector indicate the potential of local effort, which has become comparable to global effort, as local capabilities have been developed during the last decade. He added that Iraqi human resources have gained a lot of experience, through interaction with global expertise, which has worked in more than one economic aspect. He pointed out that national companies must occupy the appropriate place within the local labor market. link
Tishwash: Call to establish a digital gold market in Iraq
The economic and financial expert, Dr. Saif Al-Halfi, called for the establishment of a digital gold market in Iraq, the establishment of which requires cooperation between the Central Bank of Iraq, the Securities Commission, and the Iraq Stock Exchange, as it provides Iraqi investors with the opportunity to participate in the global gold market, which attracts additional investments to Iraq, and also enhances cooperation between the Iraqi banking system and international financial institutions.
Al-Halfi said that the Central Bank can issue digital gold bullion in different weights: 1 gram, 10 grams, 100 grams, approved by the government. These digital bullion can be traded on the Iraq Stock Exchange in the same way that stocks or bonds are traded, and through the market’s financial intermediaries system, where investors can buy bullion using local currencies or convert them into foreign currencies.
He added that the market can be linked to global gold prices and currency exchange rates, which enhances transparency and interaction with the global market. A platform similar to the Forex markets can also be used to trade digital gold inside Iraq in the Iraq Stock Exchange, noting that gold prices will be determined according to global exchange rates for gold and foreign currencies. This will allow investors the opportunity to speculate on gold price fluctuations and link them to changes in global currency prices, which increases profit opportunities and creates many job opportunities.
Regarding the economic benefits, Al-Halfi said: Through this market, liquidity is withdrawn from the banking system, and the digital gold market can act as a tool to withdraw cash liquidity. Instead of keeping money in banks, investors may prefer to buy digital gold, which is a safe asset that maintains its value, protects the investor’s money from high inflation rates, reduces the money supply, which is the goal, and limits inflation.
He pointed out that the digital gold market contributes to diversifying the Iraqi economy, away from the traditional reliance on oil. The market can be a platform to encourage financial innovation and develop new investment tools, especially exploiting the opportunities of the Faw Port entering operation next year, and what it provides in terms of a large base for investors, especially individuals and companies, as well as the goal we seek on the path of development.
He pointed out that establishing a digital gold market requires a strong technical infrastructure, including secure electronic platforms and clear regulatory laws to protect investors’ rights. This will increase job opportunities, the ability to diversify and innovate, and the emergence of a start-up culture.
Al-Halfi explained that the digital gold markets aim to enhance transparency and ease in gold trading, and provide investors with a real opportunity to work, trade and speculate on gold prices without the need to own actual gold. When the investor wants to convert gold into bullion or jewelry, these foundations allow him to convert digital gold into bullion while paying mining and crafting fees. All of these products create real and comprehensive investment business opportunities, which creates and enhances a flexible and innovative investment environment in Iraq.
Gold is one of the financial assets that has always been a safe haven for investors, especially in times of economic, political and regional turmoil. Here, with the global digital and financial development, new markets have emerged for digital gold trading, where gold can be easily bought and sold through electronic platforms. In light of these developments, it is possible to create a market for digital gold trading in Iraq, especially with the government’s trend towards establishing digital banks and strengthening electronic payment systems, especially the use of electronic payment cards. link
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Prime Minister's Advisor: Iraq is moving towards strengthening partnership with foreign companies and stimulating investment
The Prime Minister's Representative, Technical Advisor and Head of the Sovereign Loans Initiative, Mohammed Sahib Al-Daraji, confirmed today, Thursday, that the private sector is a fundamental pillar in the government's new economic plan, while pointing to the government's efforts to reduce the transfer of hard currency and support national projects.
Al-Daraji conveyed, in his speech during the first Iraqi Economic Forum, which was attended by the correspondent of the Iraqi News Agency (INA), "the greetings of Prime Minister Mohammed Shia al-Sudani and his support for this conference," explaining that "the Iraqi government has begun taking real steps to support the Iraqi economy, as it has changed the philosophy of the economy that suffered from a lack of clarity in the economic vision for more than twenty years."
He pointed out that "the government is working on a new approach that considers the private sector a fundamental pillar and seeks to integrate its outputs into the national product," noting that "the government provides special support to the investment and business environment sectors, as it seeks to separate direct investment and provide an appropriate environment for the private sector to participate in projects. The government also encourages partnerships with foreign companies to demonstrate developments in the customs and tax system, such as unifying taxes and customs tariffs across regions, and exempting foreign companies from some special taxes."
He pointed out that "Iraq has begun to guarantee the private sector before international financial institutions through the Sovereign Guarantees Initiative, and has moved towards establishing an international market for carbon bonds to support project financing."
He pointed out the "three priorities of the Iraqi economy: localizing industries, integrating with global financial institutions, and developing competencies for the public and private sectors," adding that "the Iraqi market is open to global companies, especially in the construction and clean energy sectors, and that there is a trend to support the private sector through new legislation such as laws to protect intellectual property and partnerships between the public and private sectors."
He added, "The government supports the economy based on partnership with the private sector, with a focus on reducing the transfer of hard currency abroad.
He expressed his "hope that these conferences will produce outcomes that support the current government's orientations, which is the most attentive to the private sector and the most involved in decisions," noting "the presence of representatives from the private sector on the Development Fund's Board of Directors and within the Prime Minister's official delegations as a message of support for businessmen link
Mot.. ""Opal"" Loves October - cause ~~
Mot: . He Knew She Knew - that He Knew She Knew - so He .....
Mot: ... You Can Use Him fer 2 Months or More!!!
Seeds of Wisdom RV and Economic Updates Thursday Morning 10-31-24
Good Morning Dinar Recaps,
SOME EU STATES UNHAPPY WITH ECB CONTROLLING DIGITAL EURO LIMITS – REPORT
Politico reported that some European states, including Germany, France, the Netherlands and six other countries, are concerned about the European Central Bank (ECB) having the right to specify holding limits for the digital euro central bank digital currency (CBDC).
A concern is that the ECB could set the wallet limits too high, resulting in deposits flowing out of banks. One diplomat called it a “battle for power” between central banks and politicians
Good Morning Dinar Recaps,
SOME EU STATES UNHAPPY WITH ECB CONTROLLING DIGITAL EURO LIMITS – REPORT
Politico reported that some European states, including Germany, France, the Netherlands and six other countries, are concerned about the European Central Bank (ECB) having the right to specify holding limits for the digital euro central bank digital currency (CBDC).
A concern is that the ECB could set the wallet limits too high, resulting in deposits flowing out of banks. One diplomat called it a “battle for power” between central banks and politicians.
An opposite worry is that the limits might be viewed as inhibiting financial freedoms and hence a Big Brother move. A related concern is that the digital currency could be out of touch with consumer needs and not adopted.
While the EU’s treaty gives the ECB certain privileges, the digital euro will have its own legislation, which has yet to be passed.
Before the recent European elections, several amendments were proposed to a draft. Politico viewed the notes of one of the meetings, which showed that nine countries objected to the ECB deciding on wallet holding limits.
If the ECB sets the holding limit, it views this as preserving any decision from political pressures.
How would digital euro holding limits work?
A couple of key points were not covered in the Politico piece. Firstly, the whole point of the digital euro is to create a pan European payment system in an attempt to dislodge the dominance of non-European players such as Visa and Mastercard. While SEPA may be pan European, it is purely a backend solution. Hence, it seems logical that there needs to be a single limit for the entire EU block.
If the ECB doesn’t get to decide, how would it work practically? An annual vote on limits?
Messy waterfalls
The messier point is the implementation of the holding limits. If the holding limit is €3,000 and someone receives money that pushes the balance over, then any excess funds will be swept into a bank account.
On the other hand, if someone makes a payment and doesn’t have enough digital euros in their wallet, it can automatically pull the money from the connected bank account. These are the waterfall and reverse waterfall functions.
This has a few implications. At a practical level, some people like to keep tabs on how they spend money. If there’s a lot of movement between your bank and the digital euro wallet, that gets rather messy and hard to track. A lack of visibility also helps fraudsters.
Changing tack, one of the potential advantages of a CBDC is it could provide super efficient payments. However, with the waterfall and reverse waterfall, some payments could have three payment legs: the sender doesn’t have enough funds so it pulls money from their bank; the CBDC payment; and the recipient now has too much in their wallet, so that’s swept into their bank account.
That’s why several countries believe there will be pressure to provide higher limits, so there’s less need to use the waterfall functionality.
Some have noted that the waterfall also requires all banks in the EU to support real time payments 24/7, involving significant work. However, EU instant payment regulations were adopted earlier this year, so that will be a requirement with or without the digital euro.
Debates around setting the holding limit
In one of the more recent legislative proposals, it was suggested that banks and payment providers could set the limits themselves. The Dutch central bank published a digital euro paper concluding that holding limits would be critical, especially during the transition phase.
Another report commissioned by the European Banking Federation found a €3,000 limit with a 40% takeup would increase bank funding costs by €8.8 billion.
For its part, the ECB says it would set the limits based on the economic circumstances at launch. However, one of the tasks it’s been working on recently is coming up with a methodology to make the decision.
@ Newshounds News™
Source: Ledger Insights
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STABLECOINS WILL THRIVE OVER CBDCS: CIRCLE CEO
Jeremy Allaire believes most governments are open-minded toward crypto and stablecoin regulations.
Speaking at the current Binance Blockchain Week in Dubai, the CEO of Circle, the issuer of the second-largest stablecoin, expressed optimism regarding global regulation toward the sector.
He also asserted that people would prefer privately-issued stablecoins over government-launched CBDCs, which has been evident in China.
Allaire spoke a lot about the current regulatory environment in numerous countries and outlined the overall positive sentiment coming from most. In fact, he noted that even those who have been publicly against the sector or sitting on the sidelines, are actually watching carefully what others would do and are ready to follow suit with comprehensive regulations.
He believes the next 12 months will be crucial for the stablecoin space, which has already grown to roughly $170 billion, with Tether’s USDT and Circle’s USDC responsible for the lion’s share.
However, Allaire noted that this is still a fraction of the global financial space, which is hundreds or even thousands of times larger. This means that the stablecoin industry still has lots of room for growth.
On the question whether the majority of global population will prefer central bank digital currencies or stablecoins, Circle’s CEO was adamant that they will go for the latter.
This is because people prefer privately-issued products and the innovation coming from them, rather than government-backed alternatives.
He outlined China as a good example. The world’s most populated nation launched its own CBDC a few years ago, but is yet to see actual usage, according to Allaire. He said people only use it once the government provides free coupons.
@ Newshounds News™
Source: CryptoPotato
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🌱TOP QUESTIONS ABOUT EXCHANGING FOREIGN CURRENCY ANSWERED! SOWT | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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News, Rumors and Opinions Thursday AM 10-31-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts fro the Restored Republic via a GCR: Update as of Thurs. 31 Oct. 2024
Compiled Thurs. 31 Oct. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 30 Oct. 2024 Wolverine: Looks like this is it everyone!
Things have started in certain places. Some Bond Holders have already got notifications with appointments on Monday. Some Bond Holders already have notifications for tomorrow.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts fro the Restored Republic via a GCR: Update as of Thurs. 31 Oct. 2024
Compiled Thurs. 31 Oct. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 30 Oct. 2024 Wolverine: Looks like this is it everyone!
Things have started in certain places. Some Bond Holders have already got notifications with appointments on Monday. Some Bond Holders already have notifications for tomorrow.
Tier4b (us, the Internet Group) should be getting notifications for the currencies today Wed. 30 Oct, from 6 pm RENO time onwards.
All needs to be done before the election.
I have been assured all is ready to go
I received this info from Brazil Tues. 29 Oct. 2024: Tier4B internet group is officially active. It is a great honor to announce the Launch of the Tier4B internet Group. The use and unification under Tier4 ensure that all systems are flawless.
We are waiting for the determination of the Wells Fargo National Bank Association, which is the guardian of these resources. Miguel Ribeiro is one of these people. The release of funds by the BC, requires authorization determination by Wells Fargo Bank which can happen at any time. The authorization has already arrived since 4 pm and all good to go from tomorrow (October 30, 2024).
I received a call from a close friend of mine and things are moving on his side, and hopefully, we will get 4B notifications.
Wed. 30 Oct. 2024: Tier4b funds released in Brazil.
On Fri. 1 Nov. 2024 Texas, the possible site of the new US Republic Capitol, was going to gold-backed currency.
On Wed. 30 Oct. 2024 Joanna Morning Star: “I was on the phone with Chief Fast Horse and his guest, Robert. Chief Fast Horse was driving to a private plane hangar they have in Santa Barbara to then fly over to the Hopi reservation in Sedona, Arizona. So yeah, this is cool. Humanitarian work is commencing. Chief says the RV would never work when the US was a corporation. He says they are now dispersing the funds because we are in the new Republic. Wanted to share the good news.”
~~~~~~~~~~~~
Global Financial Crisis:
Wed. 30 Oct. 2024 US Banks were sitting on $750 Billion in Real Estate losses, seven times larger than total during the Global Financial Crisis.
Wed. 30 Oct. 2024: The U.S. Treasury plans to borrow nearly $1.4 trillion over six months, with $546 billion from October to December and $823 billion from January to March next year, reflecting rising debt and fiscal challenges. With the national debt nearing $36 trillion and interest payments consuming a growing share of federal revenues, economists warn the debt outlook remains uncertain, with no stabilization expected by 2029.
Read full post here: https://dinarchronicles.com/2024/10/31/restored-republic-via-a-gcr-update-as-of-october-31-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
CBI saying they have plans in place to cancel out the dollar auctions soon because there is still corrupt in these transaction. FRANK: That is correct. Sudani is removing the auctions from the CBI because that's where all the stealing was occurring. The auctions will no longer be in the control of the banks but in control of Sudani of the GOI...Sudani is not playing any more games. You are about to have your purchasing power as he promised you...
Mnt Goat Remember about the Cash Center that recently opened to receive the stashes and hordes of dinars. The first point is these were dinars NOT dollars...These are NOT exchange centers. They are simply depositing their hoards of dinars in the bank and putting them into electronic form...They are staying in dinars, NOT U.S. dollars... these centers show us some success of just the beginning stages of the process to delete the zeros. This is part of the process is to collect these stashes of notes. These are not only needed for liquidity in the banks but also to coincide with the shrinking of the monetary mass that is needed to raise the rate of the dinar, when they do pull the trigger on the higher “official” CBI rate in- country.
Putin Pushes For NEW International Payment System: What Is It And How Does It Work?
GeoFlux: 10-30-2024
In a bold move, Russian President Vladimir Putin is pushing for a new international payment system that could potentially reshape the global economic landscape.
The proposed BRICS Pay System, backed by the expanding BRICS group, aims to challenge the dominance of the US dollar and provide an alternative to the Western-controlled SWIFT system.
Built on blockchain technology, this system promises faster, cheaper, and more secure transactions in member nations' currencies.
The development of the BRICS Pay System is part of a broader trend of de-dollarization, as countries seek to reduce their reliance on the US dollar in international trade. This shift could lead to significant changes in global trade patterns, financial power dynamics, and economic governance.
While the BRICS Pay System faces significant challenges, such as economic disparities among member nations and regulatory hurdles, it presents intriguing opportunities for investors.
As the global financial landscape evolves, staying informed about these developments will be crucial for navigating the future of international finance.
Seeds of Wisdom RV and Economic Updates Wednesday Evening 10-30-24
Good Evening Dinar Recaps,
STABLECOINS BOOSTING DEMAND FOR US T-BILLS: TREASURY DEPT
The United States Treasury Department is taking an interest in stablecoins and tokenization.
Stablecoins seem to be increasing demand for short-term United States government bonds known as Treasury bills, according to US Department of the Treasury meeting minutes published Oct. 30.
In an Oct. 29 meeting, the US Treasury’s Borrowing Advisory Committee weighed the benefits of stablecoin adoption and Treasury bill tokenization, with one member suggesting the US create a permissioned blockchain for T-bills, the minutes said.
Good Evening Dinar Recaps,
STABLECOINS BOOSTING DEMAND FOR US T-BILLS: TREASURY DEPT
The United States Treasury Department is taking an interest in stablecoins and tokenization.
Stablecoins seem to be increasing demand for short-term United States government bonds known as Treasury bills, according to US Department of the Treasury meeting minutes published Oct. 30.
In an Oct. 29 meeting, the US Treasury’s Borrowing Advisory Committee weighed the benefits of stablecoin adoption and Treasury bill tokenization, with one member suggesting the US create a permissioned blockchain for T-bills, the minutes said.
The comments are the latest from US government officials indicating a nascent openness to meaningfully integrating blockchain technologies into the US financial system.
“[B]ecause most stablecoin collateral reportedly consists of either Treasury bills or Treasury-backed repurchase agreement transactions, the growth in stablecoins has likely resulted in a modest increase in demand for short-dated Treasury securities,” one Committee member said, according to the minutes.
The committee said T-bill tokenization “could lead both to operational improvements and to innovation in the Treasury market” but could also pose risks to financial stability.
One member suggested that “tokenization in the Treasury market would likely require the development of a privately controlled and permissioned blockchain managed by a trusted government authority.”
Stablecoins — tokens pegged to the US dollar — are emerging as the core infrastructure for trading and payments.
Total stablecoin market capitalization hit record highs in 2024 and now approaches $180 million, according to CoinMarketCap.
Tether USDT dominates among stablecoins with a market capitalization of $120 billion.
Circle’s USD Coin USDC is a distant second, with a market capitalization of approximately $35 billion, according to CoinMarketCap.
Meanwhile, tokenized real-world assets (RWAs) — from Treasury securities to artworks — represent a $30-trillion market opportunity globally, Colin Butler, Polygon’s global head of institutional capital, told Cointelegraph in August.
Demand is surging for products that tokenize T-bills and other highly liquid yield-bearing assets.
Among the largest in terms of assets under management (AUM) are BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and Franklin OnChain US Government Money Fund (FOBXX), with AUM of approximately $530 million and $410 million, respectively.
@ Newshounds News™
Source: CoinTelegraph
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A Tax-free Crypto era?
This idea of tax-free crypto transactions has generated buzz among investors and entrepreneurs. If the U.S. is successful in eliminating capital gains taxes on crypto transactions, it could position itself as a global crypto hub. This could attract significant capital from international investors and encourage U.S.-based companies to invest in blockchain and crypto technology.
For an average crypto holder, this could be the start of a new era where crypto can be used as both a payment method and a store of value without further tax concerns.
@ Newshounds News™
Source: CoinPedia
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RIPPLE NEWS: EX-CTO’S GAME-CHANGING ANNOUNCEMENT COULD REDEFINE XRP LEDGER
▪️ Ex-Ripple CTO Stefan Thomas says he’s working on a new version of Codius, the smart contract hosting protocol that allows more versatility and flexibility.
▪️One expert says this is a big deal for the XRP Ledger as it allows off-chain smart contract execution and cross-ledger
compatibility.
Stefan Thomas, Ripple’s first Chief Technology Officer (CTO), is developing a new version of Codius, the smart contract protocol he developed a decade ago. This could open up new opportunities for the XRP Ledger.
Today, smart contracts are widespread and easier than ever to write and deploy. However, this wasn’t always the case. Back in the early 2010s, these contracts were still in their early stages and quite rigid. Thomas, who was the CTO of Ripple at the time, set out to change this, and Codius was born.
While it initially launched as a Ripple project, Codius soon gained a life of its own. Essentially, it offers a more versatile and flexible approach to deploying smart contracts, which allows them to run on any blockchain, dApp or server. These contracts can also interact with multiple other ledgers and blockchains, besides the one on which they are deployed.
Codius died years ago, but Thomas—now the CEO of Coil—recently revealed that he is working on reviving it.
Smart contracts have evolved since the days of Codius, and many of the features the team was working on in 2014 can now be found in existing blockchain networks. However, Codius retains some key tech that one expert believes could be vital to the XRP Ledger today.
Could Codius Accelerate XRP Ledger Adoption?
In a thread on X, renowned writer and entrepreneur Max Avery revealed that Codius’s unique features include decentralised hosting, which creates a peer-to-peer network for services, built-in billing, which allows programs to pay for their operations and language flexibility, which allows developers to use the language they are most proficient in.
But why does this matter for the XRP Ledger? Well, according to Avery, integrating Codius’ technology would introduce off-chain smart contract execution, which would reduce the load on the XRP Ledger and allow it to continue processing transactions at high speed.
Codius also comes with cross-ledger compatibility, which would allow dApps on the XRP Ledger to interact with those from multiple other blockchains.
“Codius’s blockchain-agnostic approach enhances versatility, enabling complex decentralized applications and cross-chain operations,” he noted.
Other benefits would include flexible smart contracts and a scalable application layer that distributes the computation load.
He added: “Codius enhances the XRP Ledger ecosystem by providing off-chain smart contract execution, preserving and potentially increasing XRP’s TPS, and opening up new use cases through interoperability. It’s a significant step forward for the XRP Ledger.”
XRP trades at $0.524, gaining 2% in the past day
@ Newshounds News™
Source: Crypto News Flash
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CENTRALIZED STABLECOINS MAY POSE RISK TO DEFI — CURVE FINANCE FOUNDER
As centralized US dollar-pegged stablecoins continue to gain popularity, the potential for regulatory capture has grown.
The potential risks of overcollateralized stablecoins have recently come into sharper focus. Michael Egorov, founder of the decentralized borrowing and lending platform Curve Finance, argued that these risks are not necessarily the reserve-related risks commonly noted by investors but geopolitical risks posed by government regulation.
In an interview with Cointelegraph, Egorov said that the underlying assets backing collateralized stablecoins, including cash deposits in financial institutions and government securities such as United States Treasury bills, are vulnerable to asset freezes and seizures.
The Curve founder’s answer to these potential sanctions is to achieve maximum decentralization through algorithmic stablecoins, which do not rely on physical cash deposits or short-term cash equivalents:
“If you have something totally decentralized, then it is just software running onchain autonomously, so you cannot really do anything to it, and, in principle, it's still fully trackable.”
“For [the US dollar], keys are never yours. So, that’s a problem,” Egorov stated, before asserting that truly decentralized stablecoins, provide “algorithmic assurance” to investors that their funds won’t evaporate due to asset seizures.
Stablecoins backed by physical fiat assets lack any such guarantee, Egorov told Cointelegraph.
Stablecoins and growing geopolitical risk
The geopolitical risks posed by centralized stablecoins outlined by the Curve Finance founder are a growing concern among industry executives and lawmakers.
On Oct. 25, The Wall Street Journal published a story claiming that USDt
issuer Tether was under investigation by US authorities for allegedly breaking Anti-Money Laundering laws and US sanctions.
Tether CEO Paolo Ardoino denied the claims and outlined the company's reserve assets backing the USDT stablecoin.
During a recent appearance at the Plan B event in Lugano, Switzerland, the Tether CEO also argued that the European Union’s Markets in Crypto-Assets Regulation (MiCA) poses systemic risks for crypto and financial institutions due to banking reserve requirements.
Ardoino explained that the MiCA regulations require stablecoin issuers to hold at least 60% of their deposits in regulated banks, which can lend 90% of those assets to clients and create significant deposit risk for stablecoin firms in the event of bankruptcy or bank failure.
@ Newshounds News™
Source: Cointelegraph
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🌱TOP QUESTIONS ABOUT EXCHANGING FOREIGN CURRENCY ANSWERED! SOWT | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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More News, Rumors and Opinions Wed. Afternoon 10-30-2024
MikeCristo8: US Treasuries are Being Recycled into Gold
Tuesday Oct. 29, 2024
I don’t think it’s a gold reset.
I think it’s a Commodities exchange are the real BRICS currency.
*SILVER
*PLATINUM
*COPPER
*PALLADIUM
Corn
Grain
Wheat
Soybean
MikeCristo8: US Treasuries are Being Recycled into Gold
Tuesday Oct. 29, 2024
I don’t think it’s a gold reset.
I think it’s a Commodities exchange are the real BRICS currency.
*SILVER
*PLATINUM
*COPPER
*PALLADIUM
Corn
Grain
Wheat
Soybean
The fiat system is collapsing. China is selling.
Basically mbridge just shut down the dollar through SWIFT. So the BIS is blocking non-dollar payments.
This is what the New Development Bank is for. To Override SWIFT.
Basically mbridge is blocking all dollars from flowing to the BRICS countries.
Mbridge was always going to be a tool to shut down the dollar in global finance. The BIS is just now figuring it out.
BRICS trade. It’s a barter system. You’re trading commodities & goods which can then settle with local currencies at an agreed upon change rate.
BRICS doesn’t have a bond market, don’t need one.
The G7 currencies will fail because the world is no longer trading credit.
This is important. U.S. Treasuries are being recycled into gold.
From @LukeGromen: "Gold has diverged v. oil, v. 10y US real rates, v. LT UST futures, v. western gold ETF inventories, and v. the USD, and yet western consensus continues to miss what is happening here: BRICS net surpluses [more than $780 billion in 2023] are being recycled into gold. How high will gold prices be when western consensus finally understands this?"
Janet Yellen is setting up the banks as the fall guy for when this goes down.
Bloomberg Markets: US Treasury Secretary Janet Yellen said that fraud in the banking system is becoming a huge problem
https://dinarchronicles.com/2024/10/29/mikecristo8-us-treasuries-are-being-recycled-into-gold/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick This base currency they are now teaching the Iraqi citizens about in the hybrid monetary plan is considered the domestic currency which is the IQD. In this case the lower notes that will be coming out. Base currency means the Iraqi dinar it is a first currency in a currency pairing...The IQD will be the dominant currency in Iraq and on the Forex due to its pairing. That step is the float to reach the real effective exchange rate.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy [FRANK: Who runs one of the banks in Iraq] said all that is needed at this point is a new rate to push forward the remaining things. The budget has not been released yet but it will be. Then the HCL also needs to be voted and we need the Speaker of the House. All of these things are working together. To see that budget and the HCL we're going to need to see the Real Effective Exchange Rate. FRANK: The Real Effective Exchange Rate will come when it starts to float. That's part two of the 'hybrid monetary reform plan'. Part One is to give you purchasing power. I agree with Mr. Sammy...there are major events that are coming to an intersection that will collide with great force for your new exchange rate and currency.
Fed Is ‘Too Powerful, Too Prominent, Too Political’, Why Dollar Needs Gold Link Back – Judy Shelton
Kitco News: 10-29-2024
Dr. Judy Shelton, former economic advisor to President Donald Trump and author of Good as Gold: How to Unleash the Power of Sound Money, warns that America’s growing debt and dependence on fiat currency could erode global trust in the dollar.
In an interview with Jeremy Szafron, Anchor at Kitco News, Dr. Shelton presents her bold vision for a financially stable America. She critiques Federal Reserve policies, pointing out that they have driven wealth inequality and fueled inflation. Dr. Shelton advocates for a return to sound money by restoring some link between the U.S. dollar and gold.
She explains how Treasury bonds convertible to gold could offer a solution and reinforce the dollar’s position as the global reserve currency.
00:00 - Coming Up
2:02 - Introduction: Good as Gold - How to Unleash the Power of Sound Money
6:32 - Dollar’s Decline
9:47 - Federal Reserve’s Power
17:22 - Fed Reform?
23:42 - Why Gold
29:17 - Lessons from the Past: Classic Gold Standard vs Bretton Woods
37:02 - Proposal Gold-Convertible Debt Securities
44:12 - De-Dollarization
52:27 - Inflation Target Debate
57:12 - Fiscal Responsibility
Bankers Likely Secretly Buying Gold and Silver
Bankers Likely Secretly Buying Gold and Silver
Liberty and Finance: 10-29-2024
In the ever-evolving landscape of finance and economics, the conversation around sound money—a term most commonly associated with tangible commodities like gold and silver—continues to gain momentum. Recently, Dunagun Kaiser and Patrick Holland joined the informative platform Liberty and Finance to delve deeper into this crucial topic, exploring both its historical significance and its contemporary relevance within the United States.
The discussion begins with an exploration of sound money’s rich history. For centuries, civilizations around the world relied on precious metals as a basis for their currencies. The intrinsic value of gold and silver made them a reliable means of trade, instilling trust and stability in economic systems.
Bankers Likely Secretly Buying Gold and Silver
Liberty and Finance: 10-29-2024
In the ever-evolving landscape of finance and economics, the conversation around sound money—a term most commonly associated with tangible commodities like gold and silver—continues to gain momentum. Recently, Dunagun Kaiser and Patrick Holland joined the informative platform Liberty and Finance to delve deeper into this crucial topic, exploring both its historical significance and its contemporary relevance within the United States.
The discussion begins with an exploration of sound money’s rich history. For centuries, civilizations around the world relied on precious metals as a basis for their currencies. The intrinsic value of gold and silver made them a reliable means of trade, instilling trust and stability in economic systems.
Dunagun noted that sound money encompasses not just a form of currency but a broader philosophy about financial integrity and wealth preservation.
Kaiser and Holland articulated how this philosophy stands in stark contrast to fiat currencies—government-issued money that lacks intrinsic value and is not backed by physical commodities. Fiat currencies are prone to inflation and devaluation, leading to economic instability for individuals and nations alike.
By returning to sound money principles, the duo argues that societies can reclaim economic trust and promote sustainable growth.
As the conversation shifted to the current state of the sound money movement in the U.S., Holland highlighted notable efforts spearheaded by various states, including Texas, Florida, and Missouri. These states have emerged as champions of sound money legislation, advocating for measures that recognize and promote the use of gold and silver as legal tender. Their proactive stance serves as a model for other states seeking to implement similar initiatives.
One crucial aspect of this movement is the recognition of the importance of local legislation in protecting and promoting sound money principles. Grassroots efforts and state-level initiatives have the potential to create significant shifts in national policy. Holland emphasized that while federal frameworks impose certain restrictions, empowered states can serve as laboratories for financial innovation and reform.
During the dialogue, the advantages of a gold standard were explored. By anchoring currency to a tangible asset, a gold standard ensures a more stable economic environment. Kaiser and Holland discussed how this system facilitates predictable, measured inflation rates, which can foster better long-term financial planning for individuals and businesses alike.
Furthermore, a return to a gold standard can curb excessive government spending and debt accumulation. When currencies are not tied to tangible assets, there’s a temptation for governments to print money in times of crisis, leading to a corrosive cycle of debt. A sound money approach reinforces fiscal discipline, promoting responsible governance and economic integrity.
The discussion also touched upon the global landscape, where a notable trend has emerged. Central banks around the world are increasingly accumulating gold. This behavior suggests a growing recognition of gold’s value as a hedge against economic uncertainty and inflation. Kaiser pointed out that as global economic conditions become more volatile, the demand for sound money principles may increase exponentially.
The implications of this trend could be profound; a resurgence of interest in gold could signal a shift in how financial markets operate. Countries are beginning to reconsider their monetary policies, reflecting a broader acknowledgment of the benefits of sound money—something that advocates like Kaiser and Holland find encouraging.
In conclusion, the Liberty and Finance discussion underscored the critical importance of grassroots movements in reclaiming financial sovereignty. By fostering state-level initiatives and encouraging local leadership, advocates of sound money can facilitate broader changes in how currency is perceived and utilized.
As individuals become more informed about the different forms of money and their implications, societies can start to demand change. The journey towards sound money is not just a policy shift but a cultural one—an awakening to the importance of financial integrity in building a resilient and prosperous society.
As Dunagun Kaiser and Patrick Holland demonstrated through their insights, the sound money movement is not just important for today, but vital for the economic futures we wish to create. It’s a call to arms for investors, consumers, and policymakers alike to become advocates for a monetary system rooted in value, reliability, and trust.
Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-30-24
Good Morning Dinar Recaps,
HBAR ADOPTION EXPANDS AS DUBAI LAUNCHES DIGITAL WILL SOLUTION ON HEDERA
▪️Unlike traditional wills that manage physical assets, the DIFC Courts have chosen Hedera for its reliability, security, speed, and trust, ensuring a transparent process.
▪️This initiative underscores Dubai’s strategic approach to establishing a sustainable digital asset infrastructure and regulatory framework.
Good Morning Dinar Recaps,
HBAR ADOPTION EXPANDS AS DUBAI LAUNCHES DIGITAL WILL SOLUTION ON HEDERA
▪️Unlike traditional wills that manage physical assets, the DIFC Courts have chosen Hedera for its reliability, security, speed, and trust, ensuring a transparent process.
▪️This initiative underscores Dubai’s strategic approach to establishing a sustainable digital asset infrastructure and regulatory framework.
The Dubai International Financial Centre (DIFC) announced its integration of Hedera’s Hashgraph technology which will power a new Digital Asset Will inheritance solution.
This initiative is distinct from the traditional FinTech focuses like tokenized assets and payments. Thus, it marks a unique application of distributed ledger technology (DLT) in estate planning, especially for digital asset inheritance.
Managing digital assets in inheritance is a new challenge, unlike conventional wills that distribute stocks, cash, and gold. As a result, the DIFC Courts have chosen Hedera’s technology for its reliability, security, speed, and, most importantly, trust.
Moreover, the governing council of Hedera provides the DIFC and beneficiaries a complete peace of mind via a trusted, transparent process.
Some of the key features of Hedera like the Hedera Consensus Service (HCS), have played a crucial role in offering audit trails at every step along with accuracy.
This helps to ensure the correct management of inheritances. For example, HCS’s real-time audit logs prevent mistakes in transferring assets, safeguarding beneficiaries from potential delays or errors.
The DIFC’s move highlights Dubai’s forward-thinking strategy in building sustainable digital asset infrastructure and regulation, setting a standard for digital asset planning. This collaboration is a win for both Hedera as a DLT leader and Dubai’s vision for long-term, responsible digital asset growth.
Key Developments in the Hedera Ecosystem
The Hedera ecosystem is currently seeing strong growth as several industry players are willing to transition to blockchain tech and prefer Hedera for its transparent governance and trust.
Earlier this month, investment firm Canary Capital announced the launch of the first HBAR Trust in the United States, reported CNF. This fueled further speculation around the potential introduction of a Hedera-focused Exchange-Traded Fund (ETF).
The Canary HBAR Trust will provide safe access for investors to crypt+ocurrency HBAR while opening the gates for institutional participation in the crypto. Steven McClurg, CEO of Canary Capital, highlighted that the HBAR Trust is designed to provide U.S. institutional investors with new opportunities to tap into the growing demand for crypto-related products.
On the other hand, Prove AI recently launched its artificial intelligence product on the Hedera blockchain allowing businesses to securely manage their AI training data while ensuring compliance by using Hedera’s secure and scalable infrastructure.
Furthermore, Hedera will also provide governance solutions for businesses interacting with AI regulations and development, reported CNF.
In other news, Karate Combat, the world’s premier professional strike league, has announced the upcoming launch of its Layer-2 platform on the Hedera blockchain. Named “UP,” this Layer-2 blockchain and crypto-native software licensing platform is set to go live in Q1 2025, aiming to propel Web3 adoption across esports, sports, and entertainment sectors, reported CNF.
@ Newshounds News™
Source: Crypto News Flash
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COINBASE BRINGS REAL-TIME DEPOSITS VIA DEBIT CARDS BY PARTNERING WITH VISA
Coinbase users can now fund their accounts in real-time with eligible Visa debit cards, thanks to a new integration with the Visa Direct network.
Coinbase users in the U.S. and Europe can now deposit funds to their accounts with an eligible Visa debit card, following a new partnership with Visa. In an Oct. 29 press release, Visa said the integration allows Coinbase customers to deposit funds in real-time, offering flexibility for those looking to respond quickly to crypto market movements.
The feature aims to streamline access to trading funds by reducing wait times traditionally associated with crypto funding. The Visa Direct network facilitates immediate deposits, enabling users to top up accounts or make crypto purchases almost instantly. Visa debit cardholders can also cash out to their bank accounts in real time, minimizing delays across all major transactions on the platform.
“Providing real-time account funding using Visa Direct and an eligible Visa debit card means that those Coinbase users with an eligible Visa debit card know that they can take advantage of trading opportunities day and night,” said Yanilsa Gonzalez Ore, head of Visa Direct, North America for Visa
This latest partnership marks another step in Visa’s expanding role in the crypto market, building on the company’s recent introduction of a blockchain platform for banks to manage fiat-backed tokens.
Earlier in October, Visa launched the Visa Tokenized Asset Platform, a network enabling financial institutions to mint, burn, and transfer fiat-backed tokens, including stablecoins. BBVA, the Spanish banking giant, became the platform’s first client, with plans to trial the technology on the public Ethereum blockchain starting in 2025.
@ Newshounds News™
Source: Crypto News
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🌱ZIMBABWE DITCHES U.S. DOLLAR FOR GOLD-BACKED CURRENCY. WHAT DOES IT MEAN? | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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News, Rumors and Opinions Wednesday AM 10-30-2024
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 Wed. 30 Oct. 2024
Compiled Wed. 30 Oct. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Tues. 29 Oct. 2024 Charlie Ward: Breaking! Military Intel: EBS Training Complete, Countdown to the Great Currency Revaluation Begins!
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 Wed. 30 Oct. 2024
Compiled Wed. 30 Oct. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Tues. 29 Oct. 2024 Charlie Ward: Breaking! Military Intel: EBS Training Complete, Countdown to the Great Currency Revaluation Begins!
The countdown to the Great Currency Revaluation (RV) has started! Prepare for this historic shift in global finances and power. Unprecedented opportunities and revelations await as the EBS (Emergency Broadcast System) stands ready to broadcast the truth, shaking the foundations of our world.
For centuries, the powerful elites have used financial systems to enslave the masses, but RV changes everything. Imagine currencies like the Iraqi Dinar, Vietnamese Dong, and Indonesian Rupiah rising to new levels, breaking the chains of the old financial order. This isn’t just another shift; it’s a total reset.
The RV Impact: A move to real wealth and freedom. Debt and fiat currency will crumble under NESARA and GESARA laws, opening doors for all. This isn’t a theoretical concept—military and global finance teams are primed to execute a financial revolution. As the old systems collapse, new financial structures based on quantum technologies will take their place, putting the power back into the hands of the people.
This global reawakening means freedom from debt slavery, control, and lies. As we approach this monumental change, stay informed and ready. Change is here, and it’s unstoppable. Are you prepared to witness history unfold?
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Tues. 29 Oct. 2024 Bruce: (RUMORS(
A Tradable Dinar Rate came up on the Forex Sunday night 20 Oct. and has been trading in some Middle East countries
Since last Sun. 20 Oct. the government of Iraq has been paying people at their new Dinar Rate.
The EBS is supposed to get the information out.
A Redemption Center Regional Head had a 12 hour day today, received an email that contained information about tomorrow around 11 am EST. He forwarded it on to other Redemption Centers.
It is possible we could get started some time tomorrow Wed. 30 Oct. to set our appointments and get started with appointments on Thurs. 31 Oct.
Tues. 29 Oct. 2024: Breaking! The NESARA LAW and What Happens When Implemented 2024 | Prophecy | Before It’s News
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Tues. 29 Oct. 2024 NESARA GESARA BOMBSHELL …False Flags on Telegram (RUMORS)
Debt Forgiveness – A Total Financial Reset! All your debts? WIPED OUT! Mortgages, loans, credit card debt—gone! This isn’t a favor; this is justice for decades of financial crisis.
Tax Liberation – The IRS is about to be SMASHED! Say goodbye to the income tax nightmare! NESARA brings in a 14% flat tax on non-essential goods, cutting off the government’s greedy hands from your paycheck!
The Federal Reserve—GAME OVER! The Fed is about to be dismantled. A new, Treasury-backed “Rainbow Currency” will replace the worthless paper dollars, backed by gold, silver, and platinum!
Financial Privacy Restored – NESARA ends the constant surveillance on your finances. No more government control over your money—it’s yours, and yours alone!
Humanitarian Projects – NESARA is launching global humanitarian efforts, with funding that will transform lives worldwide. This is about more than survival, it’s about abundance for all!
Restitution and Redemption – The elites’ stolen wealth will be returned to the people. NESARA will right the wrongs of the past, with restitution for unconstitutional acts and unjust debt.
NESARA GESARA isn’t just a policy—it’s a global reset that will destroy the old world order and give power back to the people. The 30+1 provisions are the blueprint for a global revolution. Are you ready for the explosion?
Read full post here: https://dinarchronicles.com/2024/10/30/restored-republic-via-a-gcr-update-as-of-october-30-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Television is saying the dinar has grown in strength locally and that the decline of the dollar market is looking good, saying this is great that the black market is failing, the monetary reform is succeeding and soon to bring forth what was promised. FRANK: Woo! Yes it is great because this is what is needed in order to bring out the new exchange rate. As the dollar drops your currency grows.
Mnt Goat Article: "WHAT IS THE TOTAL SPENDING AND PRICE OF A BARREL OF OIL IN THE 2025 BUDGET?" Quote: "...the price of a barrel of oil in the three-year budget, to which the 2025 budget is subject, was set at $70..." Just wanted to reiterate once again that the budget is based on a the prices of a barrel of oil and not the rate of the dinar... They never held up announcing a budget because of the RV.
BAD to WORSE: $628 Billion in Unpaid Debt, Housing Crisis, US Consumers Are Struggling to Pay Bills
Lena Petrova: 10-29-2024
Tidbits From TNT” Wednesday Morning 10-30-2024
TNT:
Tishwash: Rafidain Bank studies establishing an electronic platform for trading government bonds
Rafidain Bank confirmed, today, Wednesday, the establishment of an electronic platform for trading government bonds.
The bank stated in a statement received by Al-Maalouma Agency that it “will sponsor an expanded meeting in cooperation with the Securities Commission and the Iraq Stock Exchange to discuss launching an electronic platform for trading government bonds.”
He pointed out that "the meeting will be sponsored by the Minister of Finance and the Governor of the Central Bank of Iraq." link
TNT:
Tishwash: Rafidain Bank studies establishing an electronic platform for trading government bonds
Rafidain Bank confirmed, today, Wednesday, the establishment of an electronic platform for trading government bonds.
The bank stated in a statement received by Al-Maalouma Agency that it “will sponsor an expanded meeting in cooperation with the Securities Commission and the Iraq Stock Exchange to discuss launching an electronic platform for trading government bonds.”
He pointed out that "the meeting will be sponsored by the Minister of Finance and the Governor of the Central Bank of Iraq." link
Tishwash: The Central Bank republishes controls for declaring funds and bringing them in or out of Iraq
Today, Tuesday (October 29, 2024), the Central Bank of Iraq republished the controls for declaring funds, while indicating that it allows the entry or exit of amounts less than $10,000.
The bank said, according to a statement received by "Baghdad Today", that "in order to reduce the risks of bringing in and out money across the Iraqi borders and exploiting this in money laundering or terrorist financing operations, and based on the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2025, and the provisions of Controls No. 1 of 2029 (amended Controls No. 1 of 2017), the following must be adhered to:
1. It is permitted to bring in or take out amounts less than (10,000) dollars (ten thousand US dollars) or its equivalent in other currencies without declaring them.
2. It is permitted to bring in or take out amounts exceeding (10,000) dollars (ten thousand US dollars) to 20,000 dollars (twenty thousand US dollars) provided that they are declared, with the necessity of presenting evidence supporting the purpose of bringing in or taking out these amounts. In the event that supporting documents are not available, the traveler must submit a pledge to bring these documents after (30) days from the date of declaration.
3. It is prohibited to bring in or take out amounts exceeding (20,000) dollars (twenty thousand US dollars) or its equivalent in other currencies, and the process of bringing in or taking out these amounts shall be exclusively through financial institutions.
4. It is prohibited to bring in or take out amounts exceeding (1,000,000) dinars (one million Iraqi dinars) even if they are declared, and the amount will be seized and legal measures will be taken against it. 5. Declaration of precious stones and metals if their value exceeds (10,000) ten thousand US dollars. 6. Declaration of financial instruments that are negotiable to bearer or are transferred inside or outside Iraq by a person, postal service, shipping service or any other means and whose value exceeds (1,0000) ten thousand US dollars link
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Tishwash: The Dinar Under Siege: How Do Smuggling Mafias Strike the Cash Reserve?
Reports indicate a worrying increase in the activity of currency smuggling mafias in Iraq, which has raised widespread questions about the serious repercussions of this activity on the Iraqi economy.
Such operations that aim to transfer money abroad illegally lead to huge losses in the cash reserve and affect the state’s ability to finance basic needs, and contribute to the exacerbation of inflation and the deterioration of the value of the Iraqi dinar.
One economic analysis states that: “Currency smuggling operations weaken Iraq’s foreign exchange reserves, increasing the country’s inability to meet its basic import needs, and leading to a deterioration in the balance of payments. This illegal outflow of funds not only leads to weak domestic investment, but also creates an unstable economic environment, raising concerns among foreign and local investors alike.”
Another aspect of the negative effects of these operations appears in the financing of illegal activities such as drug trafficking and support for armed groups, indicating that currency smuggling is not only an economic issue, but a security problem that affects the stability of Iraq more deeply.
The various methods used to smuggle money include foreign imports that take place outside the official platform of the Central Bank, which is a violation of the laws and increases chaos in the market.
Reports indicate that some parties are deliberately seeking to weaken the national currency by raising the price of the dollar in an exaggerated manner, which raises questions about the possibility of internal parties colluding with smuggling networks to increase their profits at the expense of the national economy.
Expert Mohammed Al-Kubaisi explains that currency smuggling mafias exploit political and economic crises to increase their activities, taking advantage of weak government oversight and financial turmoil to achieve huge profits.
The problem seems to go beyond the economy to include deeper issues related to weak legislation and government control, which is prompting some analysts to call on the government to take strict measures, including imposing strict controls on financial transactions and setting policies that encourage local investment to limit the flow of money abroad. link
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Lilfish: IMF Touts US Economy the Growth Engine of the World
WASHINGTON, Oct 22 (Reuters) - The U.S. economy will continue to provide most of the thrust for global growth through the balance of this year and in 2025, led by robust consumer spending that has held up through a wrenching bout of inflation and the high interest rates used to tame it, the International Monetary Fund said on Tuesday.
In its latest World Economic Outlook, the IMF raised its 2024 and 2025 economic growth forecasts for the U.S. - the only developed economy to see its outlook marked up for both years - and its chief economist said the "soft landing" sought by the Federal Reserve in which inflation eases without big damage to the job market had largely been achieved.
Emerging market powerhouses India and Brazil also stood out on the upside of the IMF forecasts, while it dialed back growth expectations for China for this year and left next year's forecast for the world's No. 2 economy at a below-trend 4.5%.
Still, it warned that risks abound from armed conflicts, potential new trade wars and the hangover from the tight monetary policy employed by the Fed and other central banks to rein in inflation.
"Today, the IMF reported that the United States is leading the advanced economies on growth for the second year in a row," Lael Brainard, the director of the White House's National Economic Council, said in a statement.
The IMF's latest World Economic Outlook said the shifts will leave 2024 global GDP growth unchanged from the 3.2% projected by the global lender in July, setting a lackluster tone for growth as world finance leaders gather in Washington this week for the IMF and World Bank annual meetings.
Global growth is projected to be 3.2% in 2025, one-tenth of a percentage point lower than forecast in July, while medium-term growth is expected to fade to a "mediocre" 3.1% in five years, well below its pre-pandemic trend, the report showed.
Nonetheless, the IMF's chief economist, Pierre-Olivier Gourinchas, said some countries, including the U.S., were showing resilience.
"The news on the U.S. is very good in a sense," Gourinchas said at a press conference in Washington. "The labor market picture remains one that is fairly robust, even though it has cooled off."
"I think the risks of a recession in the U.S. in the absence of a very sharp shock would be somewhat diminished," he said.
Although Gourinchas said it looked as if the global inflation battle had largely been won, he told Reuters in an interview there is a risk that monetary policy could "mechanically" become too tight without interest rate cuts in some countries as inflation subsides, weighing on growth and jobs.
CONSUMER STRENGTH
The IMF revised its 2024 U.S. growth forecast upward by two-tenths of a percentage point to 2.8% due largely to stronger-than-expected consumption fueled by rising wages and asset prices. The global lender also upgraded its 2025 U.S. growth outlook by three-tenths of a percentage point to 2.2%, slightly delaying a return to trend growth.
Mot: . Poor ole ""earl"" -- He Trys... LOL
Mot: they Say that -
