More News, Rumors and Opinions Sunday Afternoon 12-1-2024

Gold Telegraph: Today Marks a Historic Shift

11-30-2024

BREAKING NEWS: PRESIDENT-ELECT DONALD TRUMP THREATENS 100% TARIFF ON BRICS COUNTRIES IF THEY UNDERCUT THE US DOLLAR.

Here we go…

The financial storm has arrived. Nobody is laughing now.

Forcing nations into a corner may seem like power—until you realize the corner holds the world’s wealth in minerals. When those nations decide to act, what do you think will happen? All roads lead to gold.

Bullying does not work. Eventually that quiet kid in the back stands up and fights back. Typically, wins.

For years, people scoffed at me for highlighting BRICS and their push for true sovereignty.

Fast forward: the U.S. is now threatening 100% tariffs on BRICS nations daring to move away from the dollar.

A “free market” you say? The world needs gold now more than ever. Reset.

It is easier to defend a system already in existence than to accept the one coming. That is where we are today in the international monetary system. Embrace it or get left behind. Leaders better get smart right now.

If the U.S. wants a commitment from BRICS nations, it should issue long-term, gold-backed Treasury securities redeemable at maturity. Start there. Who else agrees?

Read:  Is The US Considering A Gold-Backed Treasury Instrument?  https://www.zerohedge.com/precious-metals/us-considering-gold-backed-treasury-instrument

Audit the Federal Reserve.

BRICS includes major U.S. trading partners like India and China. The United States threatened to put 100% tariffs on both countries if they circumvent the dollar. Both countries have been focused more on local currencies for trade in recent years. They both are stockpiling gold.

• U.S. and China Trade: Totaled approximately $758.4 billion in goods and services.

• U.S. and India Trade: Totaled approximately $191.8 billion in goods and services.

Back in 2016, President-Elect Donald Trump said: “Bringing back the gold standard would be very hard to do, but boy, would it be wonderful.” You are reading this right.

https://twitter.com/i/status/1863004909089833188

Today marks a historic shift. The United States, drowning in $36 trillion of debt and a nearly 7% GDP deficit, threatens nations to uphold its debt-based currency. Meanwhile, BRICS moves to reset and rebuild hard assets. The U.S. needs to leverage gold to retain dominance.

https://dinarchronicles.com/2024/11/30/gold-telegraph-today-marks-a-historic-shift/

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Ariel:  Iraq is Getting Ready to Launch

Revaluation?
Reinstatement?
Redenomination?
Does it matter?

No because the only thing that would warrant a post of this type given what Iraq is getting ready to launch hours from now concerning those bonds. I do not see any other major event that is on schedule for tomorrow.

Listen, regardless of what happens tomorrow Iraq stated on an official basis that they only have 5% left for their monetary reform. So regardless we are on track for anything to happen at this point.

https://dinarchronicles.com/2024/11/30/ariel-prolotario1-iraq-is-getting-ready-to-launch/

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

Militia Man  We have a couple members that speak fluent Arabic...They come in on occasion and talk to me...or I reach out to them...to see if they can reach out to the tribal people or people that they know that are working on the ground...What I learned was...He gave an example if you're taking a credit/debit card from a country A to country B and it works, meaning you have the ability to transfer money from one country to another on your card, ...you can swipe your card into an ATM and get money, let's say you're [Iraqi], if you're in a different country and you can swipe your card and get dinar or convert [Iraqi dinar] to Jordanian dinar or you can go to Saudi Arabia...the United States... Europe, if the card works in those counties, it's going to be reflective of...an exchange rate... [Post 1 of 2....stay tuned]

Militia Man  Article: "Trade Bank launches first experimental Visa card."  Quote "...the Visa includes features for use in online shopping as well as for use in purchases..."   When we go online, we're international in the World Wide Web.  It sounds like you're going to be able to use a new electronic card across borders.  If this is an international card, showtime is about to being.  Because once they have experimented, if it works, everybody's going to get one.  [Post 2 of 2]

Iraq Heist of the Century Haiti Path to Recovery - HTG Currency Investment

Edu Matrix:  12-1-2024

Iraq Heist of the Century Haiti Path to Recovery— HTG Currency Investment Iraqi Courts Sentence Thieves of the Heist of the Century—Tourism progress—Oil Exports—Haiti Currency Investment Opportunity. News updates from Iraq's tourism industry.

 Huge gift from the United States to Iraq. Haiti's long road to recovery. Haiti's natural resources and the Western world. Exchange rates for the Iraqi Dinar and the Haitian Gorge. Investment recommendation for the HTG.

https://www.youtube.com/watch?v=52Gh3Z1pDW4

MARKETS A LOOK AHEAD: TRUMP THREATENS BRICS! DEFENDS DOLLAR. (EXPECT PRICE SHOCKS).

Greg Mannarino:  12-1-2024

https://www.youtube.com/watch?v=LbEK_2WPdjI

Bubble 4.0: Markets Reached ‘Record Levels’ Of Overvaluation, What's Next?

Bubble 4.0: Markets Reached ‘Record Levels’ Of Overvaluation, What's Next?

Davis Lin:  12-1-2024

David Hay and Jeff Dicks, Co-CIOs of Evergreen Gavekal, explain alternatives to a very frothy equities market, the outlook for the bond market, and the growth prospects for the economy under a second Trump term.

0:00 - Intro

1:05 - What is the Trump trade?

2:40 - Bond market recap

 6:10 - Soft or no landing?

 7:28 - Retail sales and the consumer

10:00 - Household net worth

11:20 - Real wages

12:25 - Fed monetary policy

 13:40 - Global central bank policies

14:34 - U.S. dollar

17:20 - U.S. vs. emerging markets

18:45 - Deficit level

21:40 - Interest rate vs. Inflation

 26:10- Tariffs and economic growth

27:25 - Bubble 4.0

31:33 - Alternatives to stocks

32:43 - Valuations point to lower returns

34:20 - Market cyclically

38:33 - U.S. the “envy of the world”

 40:45 - Liquidity and market performance

24:45 - Economy now relies on foreign net savings

44:00 - Savings rate

45:30 - Mortgage spreads

48:22 - Mistakes of fixed income portfolios

https://www.youtube.com/watch?v=2_oiUS5lBrc

Seeds of Wisdom RV and Economic Updates Sunday Morning 12-01-24

Good Morning Dinar Recaps,

NO TURNING BACK ON LAUNCHING BRICS PAYMENT SYSTEM: DIPLOMAT

BRICS Sherpa Sergey Ryabkov confirmed to reporters that the bloc will not scrap the formation of a new payment system. Speaking to reporters at the Sherpa meeting, the diplomat doubled down saying that there’s no turning back on launching the new BRICS payment system. The goal of the new system is to sideline the US dollar and settle cross-border transactions in a basket of local currencies.

For the uninitiated, BRICS is working on the formation of an independent payment system that will not incorporate the US dollar into its mechanism. The mechanism will include local currencies of the bloc and keep the US dollar away from all transactions.

“The glass is always half-full; it is never half-empty,” said Ryabkov when answering about the independent payment system within BRICS.

“We can measure how full the glass is in different ways but this ultimately depends on who is holding this glass in their hands. Therefore, we’ve made significant strides today. How much time it will take to fill the framework we’ve established with tangible actions depends on us. On BRICS and the global majority,” the diplomat said to reporters at a press conference.

Why is BRICS Creating a New Payment System?

The BRICS bloc is creating a new payment system to safeguard the economies of developing countries from US sanctions. The goal is to protect themselves economically without being pinned down by the US and the West. The diplomat called the US and the West “hostile states” who want to harm the prospects of developing countries.

The diplomat called the upcoming BRICS payment system a “critical milestone” for the bloc and “a point of no return.” He added that “we will do everything in our power to ensure success.”

@ Newshounds News™

Source:  Watcher Guru

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'GOVERNMENT HAS BECOME ADDICTED TO INDIRECT REGULATION' — RIPPLE CTO

In a recent Joe Rogan interview, Mark Andreesen revealed that the debanking of tech firms caused the Silicon Valley shift toward Trump.

Ripple chief technical officer David Schwartz recently joined the list of tech founders speaking out against Operation Chokepoint 2.0 — a government-run debanking operation against the crypto industry. Schwartz said the government is "addicted to indirect regulation" and laid out four reasons why de-banking undermines the rule of law.

Schwartz argued that debanked entities switch service providers or take their funds underground — thereby evading surveillance and sanctions control altogether. 

The CTO also said de-banking undermines due process, freedom of speech, and the right against unlawful search and seizure. Schwartz wrote:

"Our government has become addicted to indirect regulation precisely because of these evils. It is cheaper and easier to pressure someone else to punish me than to charge me with a crime and give me due process, but the government ought not to punish people without giving them due process."

"It is easier to pressure banks to cut off disfavored businesses than to make that business illegal," The CTO continued before imploring the government to use lawful and above-board processes to regulate businesses.

Industry founders recount government debanking operation
According to venture capitalist Mark Andreesen, more than 30 tech firms were victims of Operation Chokepoint 2.0, and tech founders recently took to social media to share their debanking experiences.

The list of figures speaking out included Frax Finance founder Sam Kazemian, who claimed that JPMorgan Chase debanked him in December 2022.

Coinbase co-founder and CEO Brian Armstrong also petitioned the government for records relating to Operation Chokepoint 2.0 via the Freedom of Information Act (FOIA) and is currently compiling those records.

In September 2024, Castle Island Ventures partner Nic Carter revealed that the Biden administration deliberately killed Silvergate Bank — a major institution for crypto banking — in an effort to destroy the crypto industry. “I believe Silvergate could have survived its drawdown — and was on a path to do so,” Carter said.

However, Industry executives remain optimistic that the incoming Trump administration will reverse years of regulatory hostility toward the crypto industry.

@ Newshounds News™

Source:  CoinTelegraph  

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ZIM ZIG: THE MOST BRILLIANT INVESTING STRATEGY EVER?  |  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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Q & A Classroom Link  

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Thank you Dinar Recaps

News, Rumor and Opinions Sunday AM 12-1-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 1 Dec. 2024

Compiled Sun. 1 Dec. 2024 12:01 am EST by Judy Byington

The Role of the Military …Julian Assange on Telegram

The Deepstate’s financial empire will crumble. The Quantum Financial System (QFS) is set to officially take over, ushering in the greatest transfer of wealth in human history. The elite-controlled banks, stock markets, and fiat currencies will be obliterated and replaced with a fair, transparent financial system designed to serve the people, not the oppressors.

Prepare yourselves—this is the storm you’ve been waiting for. Nothing can stop what is coming.

Global Currency Reset:

Sat. 30 Nov. 2024 Mark Z: A number of my sources that are involved with groups and historic bonds are now back in place and prepared (according to them) for a very eventful two weeks. They expect to be very busy over the next two weeks. This probably means things are starting soon.  I have to agree with them.

Sat. 30 Nov. 2024 Wolverine: Zim Bonds are not currencies as they are on a contract rate. They are going to be worth HUGE.

Sat. 30 Nov. 2024: The Central Bank of Iraq will be holding a remittance auction for banks and exchange companies inside Iraq on Sun. 1 Dec. 2024. That means the Iraqi Dinar will be on the Forex inside Iraq on Sun. 1 Dec. 2024 and go live internationally on Monday 2 Dec. 2024. …Majeed KSA (in Iraq) on Telegram

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Please consider the following as RUMORS:

Here are the latest updates that demonstrate the unparalleled strength and integration of QFS, proving it to be the ultimate tool for humanity’s financial liberation.

Tues. 15 Oct. 204 Major Rollout: Asset-Backed Digital Currencies Activated in Key Nations: On October 15, 2024, the White Hats officially launched asset-backed digital currencies in several strategic nations, including Russia, India, Brazil, and Hungary. Unlike the central bank digital currencies (CBDCs) being pushed by globalists, these currencies are 100% backed by gold, silver, and other tangible assets, rendering them immune to inflation and manipulation.

India: The Reserve Bank of India (RBI) announced a shift from the fiat rupee to a Quantum Gold-Backed Rupee, facilitated by the QFS. The move has already stabilized the economy, with inflation dropping by 7% in just one month.

Brazil: Brazil’s government revealed that its new Quantum Real has attracted billions in foreign investment, thanks to its transparency and incorruptibility.

Mon. 28 Oct. 2024 Military Integration: Securing Global Financial Freedom. On October 28, 2024, leaked documents confirmed that the U.S. Space Force has deployed quantum satellites to secure QFS operations worldwide. These satellites, equipped with cutting-edge encryption, ensure that QFS transactions are immune to hacking or interference. This military integration demonstrates that QFS is not just a financial tool but a critical element of global sovereignty.

In addition, Special Operations Forces in alliance with the White Hats have successfully dismantled several deepstate-controlled data centers that were key to implementing the Digital Public Infrastructure (DPI). These operations, conducted in Switzerland, Belgium, and Canada, have crippled the globalists’ ability to spy on QFS transactions.

On Fri. 1 Nov. 2024: Russia’s Quantum Ruble was activated, bypassing Western sanctions and integrating seamlessly into the global QFS network. This integration is part of a larger plan to neutralize the fiat-based global financial system, which has enslaved nations under debt and corruption for decades.

Sun. 3 Nov. 2024 Integration with Global Trade: Quantum Nodes Deployed. These nodes highlight the global reach of QFS and its ability to bypass corrupt banking systems controlled by the Deepstate. A groundbreaking development occurred on November 3, 2024, when Quantum Trade Nodes were activated in Dubai, Singapore, and Frankfurt. These nodes act as transactional gateways, allowing nations to trade securely without reliance on traditional banking systems like SWIFT. The Quantum Trade Nodes provide instantaneous, transparent settlement of transactions, cutting out the need for intermediaries.

Dubai: The Dubai Trade Council reported that 60% of its exports and imports are now settled using QFS protocols, eliminating transaction delays and corruption.

Singapore: Singapore’s integration of Quantum Nodes has made it the fastest-growing hub for global trade, processing over $100 billion in QFS-backed transactions in just two weeks.

Frankfurt: Germany’s trade systems have seamlessly linked with QFS, reducing cross-border payment times from days to seconds.

Australia: The Australian government has announced plans to phase out fiat currency entirely by 2025 in favor of QFS integration.

September 2024 The Fall of the Globalists’ CBDCs: The Deepstate’s dream of controlling humanity through Central Bank Digital Currencies (CBDCs) is collapsing under the pressure of QFS. The exodus from CBDCs underscores the growing recognition that QFS offers a secure, incorruptible alternative to the deepstate’s financial schemes. Since September 2024, several nations have abandoned their plans for CBDC adoption after seeing the transparency and fairness of QFS.

Italy: The Italian government scrapped its CBDC pilot on October 20, 2024, citing public opposition and the superior performance of QFS-backed alternatives.

South Africa: On November 5, 2024, South Africa announced its withdrawal from the globalist-controlled CBDC initiative, opting to explore QFS integration instead.

Argentina: The Argentine Central Bank admitted on November 12, 2024, that its CBDC trials had failed to gain public trust, paving the way for a QFS-backed system.

Fri. 15 Nov. 2024: QFS and the End of Debt Slavery. This debt reset is part of a broader effort to free nations and individuals from the financial shackles imposed by the globalists. One of QFS’s most profound impacts is its ability to erase national and personal debt by exposing the fraudulent practices of central banks and their fractional reserve systems. On November 15, 2024, leaked reports revealed that the White Hats have been using QFS to conduct forensic audits of central banks in the UK, France, and Japan, uncovering trillions of dollars in fraudulent debt.

France: The French government is now under pressure to annul illegitimate debts imposed on its citizens, thanks to QFS-backed audits.

Japan: Japan has already announced plans to forgive $500 billion in public debt, crediting QFS for revealing the fraud.

UK: The UK’s central bank faces growing scrutiny, with insiders revealing plans to transition entirely to QFS by 2026.

Nov. 2024 Evidence of Mass Awakening: As of November 2024, a global awakening is underway, driven by the transparency and empowerment provided by QFS. Across social media platforms and encrypted communication channels, millions are sharing testimonials of how QFS is revolutionizing their financial lives.

Farmers in India are bypassing corrupt middlemen and receiving fair prices for their crops directly through QFS transactions.

Small businesses in Brazil are thriving as they gain access to QFS-backed loans with zero interest.

Activists in Europe are using QFS to fund grassroots movements without fear of government crackdowns.

The Road Ahead: The power of QFS is undeniable, and its integration into global systems is accelerating. The White Hats are not just fighting back—they are winning. The Quantum Financial System is proving itself to be the ultimate weapon against the deepstate’s agenda of mass control, and surveillance.

As of November 17, 2024, the future is no longer uncertain. With QFS, humanity is reclaiming its sovereignty, dismantling the corrupt systems of the past, and building a future of freedom, fairness, and transparency. The message is clear: the globalists’ reign of terror is crumbling, and the Quantum Age has begun.

Read full post here:  https://dinarchronicles.com/2024/12/01/restored-republic-via-a-gcr-update-as-of-december-1-2024/

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

Sandy Ingram  Although things appear to be on a downward slope, the truth is that things are looking up in a big way for Vietnam.  Vietnam Pictorial Article "Foreign investors flock to invest in southern provinces and cities" ...Over 40 German enterprises recently explored investment opportunities...Investors from South Korea, Japan and India have also visited leading to plans for major projects...  

Militia Man  Article quote: "...Fundamental channels to transfer process we find no room for there to be two price for the dollar."  Realize that's article VIII compliance with the IMF.  They don't want multi currency practices...You got to read these articles...and you have to paint a picture.  It's not easy to see.  It's really not, but you know what?  We can and we're seeing it...

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Expect Freefalling Markets; COVID Crash "On Steroids" | David Hunter

Liberty and Finance:  11-30-2024

David Hunter, a veteran contrarian macro strategist, is forecasting a major "melt-up" in financial markets followed by a dramatic collapse.

He predicts that stock markets will continue to surge, with the S&P 500 possibly reaching 7,500 and the NASDAQ hitting 25,000 before this parabolic rally culminates.

However, Hunter warns that this final stage will be followed by a global economic bust, driven by decades of overspending, over borrowing, and central bank policy errors. In terms of precious metals, he has a bullish pre-bust outlook, forecasting gold to rise to $3,400 and silver to reach $75 in the near term, boosted by a weakening dollar and falling interest rates.

He then sees a crash in prices. After the bust, Hunter sees both metals continuing their upward trajectory, with gold potentially reaching $20,000 and silver soaring to $500 as part of a broader commodity-driven recovery.

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

“Tidbits From TNT” Sunday Morning 12-1-2024

TNT:

Tishwash:  Iraq suspends official work on Tuesday, December 10 - Urgent

 The General Secretariat of the Council of Ministers announced today, Saturday (November 30, 2024), that official work will be suspended in the country on Tuesday, December 10, on the occasion of Victory Day over ISIS.

A government source told Baghdad Today, " The General Secretariat of the Council of Ministers decided to suspend official work on Tuesday, December 10, on the occasion of the anniversary of the liberation of the land of Iraq from the terrorist gangs of the ISIS organization (Victory Day)."

It is noteworthy that Iraq announced on December 10, 2017, victory over ISIS and the liberation of all cities that were controlled by the organization. link

Tishwash:  Electronic payment.. 18 million cards used in Iraq

Head of the electronic payment team in Iraq, Nabil Al-Najjar, confirmed today, Friday, that Iraq will witness a major electronic transformation next year. 

Al-Najjar said, "The number of cards for electronic payment users has exceeded the 18 million mark, which means that a third of the Iraqi people use electronic payment cards," noting that "there is a government trend in favor of electronic payment through some decisions, and this indicates a major shift in the Iraqi economy." 

He added, "The Iraqi market is heading towards major digital campaigns in accordance with the economic decisions issued by the government of Prime Minister Mohammed Shia al-Sudani, and it is expected that the year 2025 will witness a major shift in dealing with electronic payment."  link

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Tishwash:  Finance confirms its continued efforts to implement automation plans and use modern electronic systems 

The Ministry of Finance confirmed, on Saturday, its continued efforts to implement automation and digital transformation plans and use modern electronic systems.

A statement by the Ministry of Finance, seen by Al-Eqtisad News, stated that "Minister Taif Sami chaired the regular meeting of the Opinion Board, in the presence of the Undersecretary of the Ministry and the general managers of the departments, banks, bodies and affiliated companies."

He explained that "the meeting discussed a number of topics included in the agenda, including reviewing the recommendations of the committees formed by the Opinion Authority for previous sessions, determining the stages of progress and achievement rates, in addition to discussing the proposed amendments in order to develop the ministry's performance and adapt it to the requirements and vision of modern financial management witnessed by the finance and business sector.

The statement added, "The meeting addressed the emphasis on implementing the recommendations of the Council of Ministers, and the emphasis on continuing the intensive efforts and providing the capabilities within the framework of the government program to develop banking financial performance, and implement financial and strategic plans, including automation and digital transformation, and the use of modern electronic systems and improving the reality of work, to provide the best services to citizens.  link

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Tishwash:  Government Advisor: Number of Bank Accounts in Iraq Increases to More Than 14 Million

The Prime Minister's Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, confirmed on Saturday that financial inclusion in Iraq, represented by bank accounts, has risen to 14 million, with 20 million users, while he pointed out that Iraq is witnessing a boom in adopting e-governance as a basis for integrity and financial efficiency.

Saleh said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the pillar of financial inclusion is represented by the number of personal bank accounts, as inclusion aims to enable individuals and companies to access financial services appropriate to their needs in an easy and reasonable manner, while ensuring legal protection and transparency."

He added, "Financial inclusion focuses on enhancing the financial integration of economically and socially marginalized groups, such as the poor, women, and youth, as well as small and medium-sized enterprises that lack adequate access to financing in the banking system by opening a bank account."

He pointed out that "national indicators confirm that financial inclusion in Iraq has increased from 20% to 48% at the present time compared to previous years," explaining that "the reason is due to two main factors, which are the localization of salaries of employees, workers, retirees and social care, and the other is the spread of digital payments or digital financial inclusion."

Saleh stressed that "Iraq is witnessing a boom within the government program policy that considers e-governance as the basis for integrity, transparency, financial and economic efficiency, and optimal investment of resources and time," noting that "the latest statistics indicate that the number of bank accounts is about 14 million bank accounts and more than 20 million payment card users, which means an increase in the financial inclusion rate from 20% to 48%, which is a rate measured by the number of bank accounts opened for adults in the population."

He continued, "There are a number of open bank accounts that are dormant or zero, which should be excluded to reach the correct number of open bank accounts. There are open and zero accounts belonging to expatriates, deceased people, bankrupt companies, companies that have left work, and individuals who have not dealt with their bank accounts opened in banks that are under guardianship or are in trouble, and other factors and hopes are many."

He continued, "The real criterion for adopting the bank account as a criterion for financial inclusion is the bank accounts opened for active individuals, not the zero or inactive ones, which requires excluding them from the statistics of banks and the Iraqi banking system in general."  link

Mot: Seeeeee - Its Never Too Late!!!!!

Mot:  Doing a good deed-

More News, Rumors and Opinions Saturday PM 11-30-2024

KTFA:

Clare:  Iraq suspends official work on Tuesday, December 10 - Urgent

11/30/2024

Baghdad

The General Secretariat of the Council of Ministers announced today, Saturday (November 30, 2024), that official work will be suspended in the country on Tuesday, December 10, on the occasion of Victory Day over ISIS.

A government source told Baghdad Today, “It was decided to suspend official work on Tuesday, December 10, on the occasion of the anniversary of the liberation of Iraq from the terrorist ISIS gangs (Victory Day).”

It is noteworthy that Iraq announced on December 10, 2017, victory over ISIS and the liberation of all cities that were controlled by the organization.   LINK

Clare:  Sunday’s House of Representatives session agenda

Baghdad – WAA

The House of Representatives announced its agenda for tomorrow’s session, Sunday.

The media department of the Council of Representatives stated in a statement received by the Iraqi News Agency (INA): “The agenda of tomorrow’s session, Sunday, included voting on the proposed Personal Status Law, the draft law on returning real estate to its owners, the draft law on the second amendment to the General Amnesty Law, as well as the report and discussion (second reading) of the draft law on the fifth amendment to the Civil Aviation Law, and the report and discussion (second reading) of the draft law on the first amendment to the Industrial Cities Law.”

It added that “the session will begin at one o’clock in the afternoon.”  LINK

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

Bruce  [via WiserNow]  …our rate should be better at the redemption center…dinar and Dong and I know they’re gonna be a lot better on dinar  especially because we know there’s a contract rate on Dinar that will be offered to us that is extremely high… Okay, not at the bank but at the redemption centers. Just so you know. 

Militia Man  These guys are in a stage of getting ramped up for production for the construction and reconstruction efforts of the country like they’ve never seen in modern history…The new era…is coming upon Iraq.  Let’s hope they have a previous era takeoff in a real effective exchange rate to help boost that private sector and industrial capacities that they have going…

Why the Real Recession Data Is Only Coming Out Now | Danielle DiMartino Booth

Kitco News:  11-30-2024

Is the U.S. in the heat of a recession right now?

A recent jump in bankruptcies resembles that of the Great Financial Crisis, Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, tells Jeremy Szafron, Kitco News anchor, on the sidelines of the New Orleans Investment Conference.

Booth discusses a range of topics, including the state of the U.S. economy, revisions in job market data, government versus private sector employment, and the impact of political shifts on economic policies. She also shares her latest take on recession timelines, the role of Elon Musk in government efficiency, and the challenges facing the Federal Reserve.

00:00 Introduction: Economic Data Overview

03:55 Recession and Economic Outlook

04:33 Corporate Layoffs and Attrition

05:28 Musk's Government Efficiency Initiative

07:58 Bankruptcies and Personal Debt

 09:57 Federal Reserve and Interest Rates

18:33 Bitcoin, Gold, and Investment Strategies

https://www.youtube.com/watch?v=tYJ2yvrvMh0

Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond or Gold Standard

Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond or Gold Standard

Nov. 29, 2024

Reviving the Gold Standard: Judy Shelton’s Proposal for a Gold-Convertible Treasury Bond

25 November 2024

Gold prices are significantly down on Monday morning. As the U.S. enters a shortened trading week due to the Thanksgiving holiday, the general market sentiment appears more optimistic, which is unfavorable for precious metals typically seen as safe-haven assets.

This improved risk appetite can be partially attributed to President-elect Trump’s selection of hedge fund manager Scott Bessent for the position of Treasury Secretary.

 The appointment of a financial industry insider to this key economic role has seemingly boosted investor confidence in the incoming administration’s economic policies. The price of gold is trading at $2642.39, down $73.80. The price of silver is trading at $30.39, down 95 cents.

Judy Shelton, a long-time advocate for sound money, has proposed an innovative approach to reintroduce a gold standard for the US dollar.

Her plan involves issuing a 50-year Treasury bond that would be convertible into gold, potentially to be initiated by President Trump on July 4, 2026. This proposal aims to address the current monetary system’s shortcomings and restore stability to the dollar by tying it back to a tangible asset.

The concept of a gold-convertible Treasury bond serves multiple purposes. Firstly, it provides a mechanism for discovering the appropriate price for gold convertibility without the need to abolish the Federal Reserve or make drastic changes to the current monetary system. Secondly, it would effectively utilize the United States’ substantial gold reserves, which are currently undervalued on government ledgers.

By offering gold redeemability, the government could potentially issue extremely long-dated debt at lower interest rates, as the risk of future dollar devaluation would be mitigated. This approach aligns with Shelton’s view that currency should be a standardized measure for public use rather than a policy instrument for managing the economy.

Source: USA Gold

https://dinarchronicles.com/2024/11/29/judy-sheltons-proposal-for-a-gold-convertible-treasury-bond-or-gold-standard/

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-30-24

Good Morning Dinar Recaps,

XRP NEWS: RIPPLE’S RLUSD STABLECOIN SET TO LAUNCH IN 4 DAYS – WHAT YOU SHOULD KNOW

Ripple's stablecoin, RLUSD, is set to launch soon, pending NYDFS approval.

RLUSD aims to stabilize Ripple's offerings and capture a larger share of the cross-border payment market.

Positive regulatory shifts and market optimism are driving XRP's price surge.

Ripple always seems to be in the spotlight, doesn’t it?

The company behind XRP is preparing to launch its highly anticipated stablecoin, RLUSD, with approval from the New York Department of Financial Services (NYDFS) expected on December 4.

Why is RLUSD so important and how will it change the game for Ripple AND crypto payments? Let’s find out.

RLUSD: Ripple’s Answer to Legal Problems?

The launch of RLUSD is more than just a product release—it’s Ripple’s strategy to address the ongoing legal uncertainty around XRP. Unlike XRP, which is known for its price swings, RLUSD will offer the stability that investors and institutions seek.

Ripple’s acquisition of Standard Custody & Trust Company earlier this year was a crucial step. It enabled Ripple to meet NYDFS’s strict regulatory standards, setting the stage for RLUSD’s launch and enhancing its credibility in the stablecoin space.

Can Ripple Compete With the Others?

With RLUSD, Ripple is entering a market dominated by heavyweights like Circle’s USDC and Paxos’ USDP. By partnering with platforms such as MoonPay and Uphold, Ripple aims to make RLUSD available globally.

The stablecoin’s primary use case?

Transforming cross-border payments. RLUSD could make these transactions faster and more cost-effective, further boosting the adoption of Ripple’s RippleNet, which already competes with traditional systems like SWIFT.

XRP Price Analysis

XRP has been trading within a tight range of $0.39 to $0.75 since March 2023. However, recent developments—such as the upcoming U.S. election and Ripple’s push for regulatory clarity—have renewed investor optimism.

The anticipated launch of RLUSD is seen as a catalyst that could push XRP beyond its current limits. Some market analysts predict XRP could climb above $2 by year-end, driven by increased confidence in Ripple’s ecosystem.

What’s Boosting Ripple Today?

Ripple’s position is further strengthened by global regulatory changes. The MiCA framework in Europe and a pro-crypto stance from the Trump administration in the U.S. are creating a more supportive environment for compliant blockchain projects like Ripple.

If the NYDFS grants approval as expected, RLUSD could launch on December 4. This would add stability to Ripple’s offerings, enhancing its appeal in the fast-growing stablecoin market.

The stablecoin race is heating up, and Ripple’s RLUSD could be the wildcard that changes the game. Stay tuned to Coinpedia to know just how far it will go.

FAQs
Why is XRP going up?
Optimism around regulatory clarity and Ripple’s stablecoin news is fueling the price surge.

How high can XRP go?
While predictions vary, some experts believe XRP could cross $2 by year end.

What is stablecoin?
A stablecoin is a cryptocurrency pegged to a stable asset like the U.S. dollar, reducing volatility.

Is XRP a good investment?
XRP has huge potential, but market volatility and regulatory factors should be considered.

@ Newshounds News™

Source: CoinPedia 

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[Image 1: Screenshot of the official Bitcoin reserve bill document presented to Brazil’s Chamber of Deputies, outlining key provisions and objectives]

BRAZIL’S BITCOIN RESERVE BILL: HOW IT COULD CHANGE CRYPTO FOREVER

Brazil Bitcoin takes a bold step forward.

Congressman Eros Biondini has proposed a BTC reserve bill to make Bitcoin part of the national treasury. His plan, called the ‘Bitcoin Sovereign Strategic Reserve (RESBit)’, wants to put 5% of Brazil’s reserves into Bitcoin. This marks a major change in how countries handle cryptocurrency.

Understanding Brazil’s BTC Reserve Bill and Its Impact on Crypto Regulations

Key Components of RESBit

Brazil’s Central Bank will keep the Bitcoin in cold storage. They plan to buy it step by step. The BTC reserve bill aims to spread out financial risks and make Brazil a tech leader. Such Brazil Bitcoin initiatives could show other countries how to use cryptocurrency in their banking systems.

Global Implications and Market Response

More countries want to use cryptocurrency now. Argentina, Morocco, and Romania are interested, too. US President-elect Donald Trump supports creating a Bitcoin reserve, making the BTC reserve bill more important worldwide.

Implementation and Security Measures

RESBit has strong rules for keeping Bitcoin safe. The Central Bank will use new technology to watch over and protect the funds. This helps make sure national digital money stays secure. Brazil’s innovative Bitcoin security measures could set a global standard.

Economic Strategy and Innovation

The plan helps the economy now and builds for the future. Brazil Bitcoin’s move with RESBit creates a blueprint that other countries might follow. This could change how the world handles money.

Future Outlook

Biondini’s plan could make cryptocurrency more common. If it passes, Brazil Bitcoin legislation would make it one of the first big countries to keep Bitcoin as a national reserve. This might encourage other nations to do the same.

@ Newshounds News™

Source:  Watcher Guru   

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RENO'S RV SECRETS REVEALED!  |  Youtube

@ 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 Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Saturday AM 11-30-2024

Ariel :  When Iraq Releases their New Exchange Rate Nothing will ever be the Same

When Iraq releases their new exchange rate you all are going to literally be crossing over. Nothing will never be the same afterwards.

“The Storm” will be the end result of a long process that will initiate “The New Republic” on a public official level.

And we are potentially days away if what is coming out if Iraq remains on schedule.

https://dinarchronicles.com/2024/11/29/ariel-prolotario1-when-iraq-releases-their-new-exchange-rate-nothing-will-ever-be-the-same/

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 30 Nov. 2024

Compiled Sat. 30 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 28 Nov. 2024 Wolverine: “I’m under an NDA so can’t say much, but we are going to have a wonderful Christmas. Check your emails at hourly.”

Thurs. 28 Nov. 2024 TNT Call: The IMF and UN had a meeting last Thurs where the currencies that were green lighted to go were the Iraqi Dinar, Zim, Venezuela Bolivar, Dong and Zimbabwe Zim. They were told it’s imminent.

Fri. 29 Nov. 2024: Masters of GCR/RV: An In-Depth Exploration of Tiered Redemption, QFS, and the Influence of the Zimbabwe Dollar, Iraqi Dinar, Vietnamese Dong, Tier 4B, Tier 5, and the NESARA GESARA Act – amg-news.com – American Media Group

Fri. 29 Nov. 2024: Breaking! Starlink and Trump’s Military Operation Unleash the Tier 4 B Internet Group: NESARA Wealth Redistribution, $100K Payouts, and the American Monetary Fund Revolution Begin Now! – Gazetteller

Fri. 29 Nov. 2024 Edward Griffin succinctly explains what the Federal Reserve System actually is: …Son of JFK on Telegram;

“It’s a cartel. It’s not a government agency, it has the appearance of it being a government agency. They went to great lengths to give it that façade In it’s essence, It’s a cartel… They got together. They drew up the rules and regulations for their own industry.

To self regulate their own industry. It’s what cartels do. And then they sent it to congress and they took off the label off the top that said ‘banking cartel’ and they erased that and they said ‘Federal Reserve Act.’ Congress passed it into law. And that’s why we think it’s a government agency it’s because if you don’t obey the rules that they set down for their own industry you go to prison.”

Read full post here:  https://dinarchronicles.com/2024/11/30/restored-republic-via-a-gcr-update-as-of-november-30-2024/

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

Frank26  If any bank broke your heart, if any bank made you feel like a complete imbecile, if any bank is giving you a hard time, if any bank here in America says to you, 'You can sign up but we're not going to take care of you until 6 months from now,' you're going to have options...

Militia Man  Article quote: "Foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system they have in place...The central bank will launch a new mechanism for travel or treatment transfers next year...there are agreements with four companies to launch a new mechanism..."  They are going to have things changing through the future.  Doesn't mean we're waiting until next year, just means they're going to have changes and because of maybe a major change, they're going to have a need for it even more...

The Big Banks About To TANK The Market | Todd "Bubba" Horwitz

Liberty and Finance:  11-29-2024

Todd "Bubba" Horwitz discusses the current state of the stock market, expressing concerns about potential topping patterns and an impending economic crash. ------

INTERVIEW TIMELINE:

0:00 Intro

1:20 Stock market topping

4:31 Banking system

6:00 Treasury Secretary pick

 7:40 Not business as usual

9:20 Gold and silver outlook

 12:30 Stock market outlook

15:37 Can Trump turn the ship around?

17:47 Dollar & the BRICS

https://www.youtube.com/watch?v=yUnGo-YPi0c

“Tidbits From TNT” Saturday Morning 11-30-2024

TNT:

Tishwash:  Minister of Commerce sets date for opening shopping malls

Minister of Commerce, Athir Dawood Al-Ghariri, announced on Thursday the opening date of hypermarkets at the beginning of next year, while indicating that the prices of goods and food items will be competitive and 20 to 30 percent lower than the market.

Al-Ghariri said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "there will be major measures during the next two months to create real competition, as the shopping complexes have revived the central markets previously through (hypermarkets) by selling food and all goods at competitive cooperative prices that are 20 to 30 percent lower than the market."

 He said, "The shopping malls will be opened on 1/1 of next year, as we will enter a new year of great achievements."

Al-Ghariri added, "The citizen can go to the existing shopping malls, as they are cheaper than the market at the official price," noting that "the supervisory and security agencies will hold accountable violators and weak-willed people who manipulate the prices of goods and food items."  link

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Tishwash:  Prime Minister: Iraq is ready to cooperate with major companies to develop its military and security system

Prime Minister Mohammed Shia Al-Sudani confirmed today, Friday, that Iraq is ready to cooperate with major companies to develop its military and security system.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received at his residence in the capital Madrid today, representatives of three major Spanish companies specialized in the military and security field, namely (rheilmetall expal), (Indra) and (Airbus), each separately."

Al-Sudani stressed that "Iraq is today ready to cooperate with major companies to develop its military and security system, stressing the existence of many opportunities for joint work between companies and the Military Industrialization Authority."

The Prime Minister stressed Iraq's need to diversify sources of armament, which the government has worked on as part of a comprehensive plan to raise the efficiency and readiness of the security forces, and enhance the country's ability to face internal and external challenges.   link

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Tishwash:  After the decision to cancel the platform.. Will we witness a crazy rise in dollar prices in Iraq?
In a move that has attracted the attention of economic and financial circles, the Governor of the Central Bank, Ali Al-Alaq, announced the bank’s intention to cancel the electronic platform for financial transfers early next year.

This decision comes as part of a series of reforms aimed at facilitating financial procedures and stimulating the economy, but at the same time it raises questions about its potential impact on the stability of the dinar exchange rate.IraqibeforeDollarAmerican.

The concept of the electronic platform and its role in currency stability

The electronic money transfer platform is a mechanism adopted to ensure the regulation of foreign money transfers and to limit manipulation of exchange rates.

The platform documents commercial transactions and money transfers by banks and financial companies, ensuring more effective control over hard currency flows in and out of the country.

This platform has greatly contributed to narrowing the gap between the exchange rate.OfficialAnd priceThe marketBlack, where it prevented many money laundering and smuggling operations.

However, with the decision to cancel this platform, questions are raised about how it will be regulated.The marketAnd transfer management.

The impact of deplatforming on the priceDollar

1. Increased demand forDollarinThe marketBlack, with the absence of an electronic platform, the demand for it may increase.DollarinThe marketBlack money is the result of the absence of control mechanisms, which leads to higher exchange rates outside official channels.

2. Weak confidence in the dinar, as cancelling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure stability.The marketLack of confidence means that citizens and investors are likely to withdraw their money in dinars and transfer it toDollarAs a safe haven.

3. The impact of smuggling and money laundering, as cancelling the platform could cancel strict control over smuggling operations.DollarSmuggling and money laundering practices may expand, increasing demand forDollarSignificantly and affects the central bank's reserves.

4. AccreditationThe marketOn supply and demand, with the platform being cancelled, the currency market may become more affected by direct supply and demand. This may lead to extreme fluctuations in the exchange rate, especially in unstable economic and political conditions.

Chances of facing a riseDollar

1. Activating alternative control tools

The government and the central bank can rely on other supervisory tools such as strengthening the role of local banks and imposing strict restrictions on foreign transfers.

2. Increase reserves ofDollar

The Central Bank may resort to pumping more dollars intoThe marketTo meet demand and maintain price stability.

3. Promoting local investments

By encouraging investment and reducing dependence on foreign currencies, pressure onDollarAnd strengthen the dinar.

4. Cooperation with international organizations

The government may cooperate with international institutions such as the International Monetary Fund and the World Bank to develop economic plans that contribute to stability.The market.

The decision to cancel the electronic platform for money transfers represents a major challenge to the Iraqi economy, and may have direct effects on the exchange rate.DollarIn front of the dinar. To achieve economic stability in the next phase, it will be necessary to take proactive measures to compensate for the absence of the platform and ensure the continuity of supervision overThe marketFinancial.

The balance between facilitating economic procedures and protecting the national currency will be the decisive factor in determining the success of this decision and its effects on citizens and investors.

The Governor of the Central Bank, Ali Al-Alaq, confirmed in a statement to the official agency, which was followed by:Sumerian“Next year, we will launch a new approach to expand and enhance citizens’ remittances for various purposes, such as travel, treatment, or any legitimate remittances abroad, just as we did for commercial remittances,” he said, noting that “there are also agreements currently in place with relevant companies such as Visa, Mastercard, MoneyGram, Western Union, to establish a new framework for implementing these operations, which will constitute another shift in controlling these operations.”

Al-Alaq added, "Next year or the beginning of next year 2025 will witness the completion of the current procedures, and we seek to provide reassurance, especially with some people's questions about the fate of transfers after the completion of the electronic platform at the end of this year 2024."

“There is no sudden transition, but rather a gradual transition that began in 2024, where the banks’ relationship was transferred directly to correspondent banks without passing through other links, and the process has been completed with continued success,” he continued, stressing that “more than 95% of this goal has been achieved, and this process will be completed successfully within the next two weeks,” noting that “there is international anticipation to celebrate this occasion.”  link

Mot: . What a Talent - He Has!!!

Mot: ooooooooh!! ooooooooh!! ooooooooh!! 

Seeds of Wisdom RV and Economic Updates Friday Afternoon 11-29-24

Good Afternoon Dinar Recaps,

BRICS NEWS:  BRICS DETERMINED TO TRADE IN LOCAL CURRENCIES, NOT US DOLLAR

The BRICS alliance is determined to trade in local currencies and not the US dollar for cross-border transactions. The US dollar is seen as an adversary that hinders their growth in the global financial sector. Local currencies are seen as an alternative option that can bring the hegemony of the USD down.

BRICS: Local Currencies First & Not the US Dollar

Similar to the phrase ‘America First‘, the BRICS bloc is now emerging to make ‘local currencies first’. The bloc is pulling every trick up its sleeve to sideline the US dollar for cross-border payments. From oil deals to copper trade and infrastructural loans, the alliance is aiming to push local currencies for settlements.

Many other developing countries are keen on joining the bandwagon and could soon jump on the de-dollarization train. Several nations in Africa are on the sidelines and could seek the help of BRICS to put their local currencies to use.

The move will strengthen their native economies and make businesses thrive. It will also provide a way for their local currencies to make a mark in the currency markets.

@ Newshounds News™

Source:  Watcher Guru

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BRICS NEWS: 2 COUNTRIES OFFICIALLY ABANDON THE US DOLLAR FOR TRADE

BRICS members Russia and Iran announced that they have officially abandoned the US dollar for trade between the two nations. Russia reported that 96% of all cross-border transactions between Iran have been settled in local currencies, the ruble and rial. In 2024, the usage of local currencies between Russia and Iran is up by 12.4%, making 96% of all settlements.

“We (BRICS members Iran and Russia) have entered into a currency agreement with Russia and fully removed the US dollar. Now we only trade in rubles and rials,” said the Governor of the Central Bank of the Islamic Republic, Mohammad Reza Farzin. However, both nations face sanctions as the White House has made it difficult to accept the US dollar.

In July this year, both the BRICS countries agreed to a currency swap policy signed by the Russian and Iranian central banks. They also completed the integration of Russia’s Mir payment as a replacement for the SWIFT messaging system and the US dollar. Russia also allowed Iranian citizens to withdraw the rial in ATMs across the country.

BRICS: Russia & Iran Sidelines the US Dollar, Trades in Local Currencies

While the US pressed sanctions on BRICS member Russia to weaken its economy, the Kremlin is bypassing the sanctions by convincing other countries to ditch the US dollar and begin using local currencies. The de-dollarization initiative is growing and many developing countries are now eager to join the bandwagon.

@ Newshounds News™

Source:  Watcher Guru

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TAIWAN ENFORCES AML REGISTRATION MANDATE FOR CRYPTO PROVIDERS

Taiwan accelerates its crypto AML mandate, imposing stricter registration rules and penalties for noncompliance.

Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations.

On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline.

Per the previous notice, virtual asset service providers (VASPs) failing to register with the government could be subject to a two-year prison sentence or fines of as much as 5 million New Taiwan dollars ($155,900).

The new mandate includes previously registered crypto businesses

According to Taiwan FSC records, 26 crypto providers are currently approved to continue to offer their services. All crypto entities, whether previously registered or not, must register in accordance with the new AML mandate. The authority said:

“No business operators have completed the Money Laundering Prevention Registration under the VASP Registration Measures.”

The authority provided a checklist of items crypto exchanges can use to track suspicious transactions or activities. When identifying suspicious customers, crypto service providers must look for names and bank account details, location via IP addresses, multiple trading accounts and frequent information changes, among other things.

Crypto exchanges in Taiwan were also asked to track unusual transaction activities, including but not limited to splitting funds, utilizing multiple accounts with the same IP address and switching assets.

Cracking down on crypto exchanges violating AML laws
According to a Regulation Asia report, the FSC fined crypto exchanges MaiCoin and BitoPro on Nov. 28 for AML violations in relation to customer due diligence (CDD), transaction monitoring, record-keeping and suspicious transaction reporting.

To register with Taiwan’s AML regulation, crypto service providers are required to submit a one-page form detailing the nature of their businesses.

The form states that any changes to the business or the information provided should be provided to the Securities Over-the-counter (OTC) Trading Center within five business days.

Crypto businesses will also be required to establish a quality management system for accounting and auditing their finances.

@ Newshounds News™

Source:  CoinTelegraph   

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RETAILERS PUSH FOR A DELAY IN ROLLOUT OF RUSSIA’S CBDC

In October the Bank of Russia revealed a time frame for the roll out of the digital ruble, which forms part of a Bill that has been submitted to the State Duma. The mass rollout date is 1 July 2025. By that time the largest banks and retailers must support the central bank digital currency (CBDC). Now the Ministry of Industry and Trade has asked for a longer timescale of up to two years, similar to that provided to smaller retailers, the Izvestia newspaper reported.

The 1 July deadline applies to retailers with a turnover of more than 30 million rubles ($274,000). Those with incomes between 20 to 30 million rubles have one extra year, and smaller firms have two years.

The Ministry complained that there are still no rules for the operation and functioning of the digital ruble, so it doesn’t allow sufficient time for retailers to prepare and for adapting their point of sale software.

Trade bodies agree. “We believe it is necessary to refrain from legislatively establishing specific deadlines for launching systems at the trade level and to provide for a transition period of at least two years, during which companies will carry out the necessary work,” a letter from the Retail Companies Association (ACORT) states.

Another industry body, the Association of Internet Trade Companies (AITC), has similar views. It said, “The absence of such important provisions does not give businesses the opportunity to assess the costs of implementation time, the necessary human resources, expenses for the company, and also to understand to what extent companies are ready to implement such payments.”

The main benefit of a CBDC for retail outlets is reduced acquiring fees, so retailers will pay less for processing payments.

What’s the rush?
Stepping back, one of the big motivators for a CBDC is for cross border payments in order to circumvent sanctions. If a CBDC isn’t rolled out domestically, then a cross border CBDC would need direct integration with the domestic payment system.

With the cross border payment platform mBridge, the only member that currently has a domestic CBDC is China, and even that is in pilot mode. Hence, it’s not completely clear why there’s such a rush in Russia. Especially given the central bank has a few other issues to deal with given the war with Ukraine.

On the other hand, Russia is known for its software prowess, and is trying to lead the BRICS Bridge cross border payment project. Hence, having an operational domestic CBDC gives it more credibility.

@ Newshounds News™

Source:  Ledger Insights

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THE UGLY TRUTH ABOUT AMERICAN COURT LAW NO ONE TELLS YOU  |  Youtube

@ 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 Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps