News, Rumors and Opinions Monday AM 12-9-2024
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 Mon. 9 Dec. 2024
Compiled Mon. 9 Dec. 2024 12:01 am EST by Judy Byington
EBS Alert
A Final Countdown Has Begun
Major Announcements Will Shake the Foundation of Everything You Know
Stay Calm, Stay Vigilant, Be Ready To Listen
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 Mon. 9 Dec. 2024
Compiled Mon. 9 Dec. 2024 12:01 am EST by Judy Byington
EBS Alert
A Final Countdown Has Begun
Major Announcements Will Shake the Foundation of Everything You Know
Stay Calm, Stay Vigilant, Be Ready To Listen
Communication Blackouts As Truth is Revealed
Stock Up, Stay Safe, Trust The Plan
The Dawn Of Freedom Is Near
Get Ready For Ten Days of Communication Darkness
The Power to entire World will switch off briefly to install our Starlink Satellite Internet
Shutdowns will occur, but only in certain areas. Banks will close. ATMs and Credit Cards will stop working. Have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.
Possible Timing:
Judy Note: No one knows the exact timing for notification of Tier 4b (Us, the Internet Group) to make their redemption/exchange appointments, though because of the below information, it was suspected to be around mid next week.
(Rumor): Sun. 8 Dec. 2024 Midnight to Wed. 18 Dec. 2024: Possible Ten Days of Darkness Global Communication Blackout, ending on Wed. 18 Dec. 2024. …G***o TV on Telegram Tues. 3 Dec. 2024
Tues-Wed. 17-18 Dec. 2024: Global Financial Collapse. …G***o TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Mon. 30 Dec. 2024: Final stages of the transition to the new financial system completed. People will begin to access their revalued currencies and debt relief programs. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to prove the money they say they have is backed by gold in their vault. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Fri. 3 Jan. 2025: Global Unity announced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024
Sun. 5 Jan. 2025: Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially be activated Worldwide. This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
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Global Currency Reset: (RUMORS)
Judy Note: WARNING Scammers are everywhere. It is my understanding that:
(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.
(2) Do not exchange your currency at a bank. They will not give you the higher rates, nor the Contract Rates that a Redemption Center was authorized to give you.
(3) The Zim can only be redeemed at a Redemption Center, not at a bank.
(4) Some Redemption Centers are located in private banks, but make sure it is a Redemption Center where you do your business.
Fri. 6 Dec. 2024 TNT Intel Summary: Bank meetings today to discuss final aspects of RV. Three Letter Agencies say “IT’S DONE.” US and Canada started paying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and today Fri. 6 Dec. The Iraqi Dinar being paid right now at $3.49 in-country.
Fri. 6 Dec. 2024: “It’s official folks! Iraq has passed their HCL Law.”: https://dinarevaluation.blogspot.com/2024/12/jon-dowling-its-offical-folks-iraq-has.html?spref=tw
Sat. 7 Dec. 2024: Rumor was that Vietnam had revalued their Dong in-country.
Sun. 8 Dec. 2024: Four day Victory Celebration begins in Iraq from Sun. 8 Dec. to Wed. 12th Dec. 2024. …Britt Vibes on Telegram posted by Wolverine
Sun. 8 Dec. 2024: Iraq’s Major Law Could Go Live Tonight #dinar #iraqidinar #centralbank #centralbanks” on YouTube https://youtube.com/shorts/vOYEau7FJc0?si=7Qen7N2iCrz41Aij
Read full post here: https://dinarchronicles.com/2024/12/09/restored-republic-via-a-gcr-update-as-of-december-9-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat So, what is this dream of Al-Alaq? ...Al-Alaq has told us he strongly supports the dinar of the past and will bring it back to its “glory days”. This is the ultimate goal of all these financial reforms and “pillars” Iraq keeps talking about. They are all just a means to the end. The end is the reinstatement, a by-product of all this hard work of financial reforms.
Militia Man Deadly "Dutch Disease". It's when countries are reliant [solely] on natural resources. When commodity prices drop, their budgets get affected. It's very painful...It's bad because it devalues their currency because they don't have...the ability to buy and pay for things and pay back debt. But if you have...non-oil revenues...tourism...development road project...ports...taxes and tariffs [you can win]...They used Saudi Arabia as an example because...they were [successful] using non-oil revenue streams. That's what Iraq is poised to do and it's an awesome thing to see...
MARKETS A LOOK AHEAD: What Is About To Happen WILL SHOCK THE WORLD.
Greg Mannarino : 12-8-2024
"The CRASH Will Be WORSE Than 2008" | George Gammon
LifeWorthLiving: 12-8-2024
George Gammon discusses the Federal Reserve's recent moves and the narrative they want us to believe. Are we heading for a hard landing, or can the Fed really control the economy?
George argues that despite the Fed's attempts to orchestrate a "soft landing," history shows that they often lag behind the curve.
“Tidbits From TNT” Monday Morning 12-9-2024
TNT:
Tishwash: Iraq rises to third place in the Arab world in gold reserves after Lebanon leaves the list
The World Gold Council announced on Monday that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.
According to the latest report published by the Council in December 2024, which Shafak News Agency reviewed, Iraq's gold holdings rose to 152.7 tons, up from 152.5 tons last month.
These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.
TNT:
Tishwash: Iraq rises to third place in the Arab world in gold reserves after Lebanon leaves the list
The World Gold Council announced on Monday that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.
According to the latest report published by the Council in December 2024, which Shafak News Agency reviewed, Iraq's gold holdings rose to 152.7 tons, up from 152.5 tons last month.
These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.
The Council pointed out that "the United States of America continues to top the list of the largest gold holdings in the world, with 8,133.5 tons, followed by Germany with 3,351.5 tons, then Italy with 2,814 tons. Bosnia and Herzegovina came at the bottom of the list with 1.5 tons."
The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.
The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world. link
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Tishwash: Parliamentary Finance: Amending the budget will end the dispute over the oil file
Finance Committee: Budget amendment will end dispute over oil file
The Parliamentary Finance Committee, headed by Representative Atwan Al Atwani, hosted the head of the Federal Financial Supervision Bureau, Mr. Ammar Subhi Khalaf, and the senior staff, to discuss the draft of the first amendment to the Federal General Budget Law.
Al-Atwani stressed, according to a statement by the Parliament’s media, a copy of which was received by {Euphrates News}, “the committee’s keenness to approve the amendment in a realistic and implementable manner, in a way that ends the existing dispute between the federal government and the regional government regarding the oil file.”
He also pointed out that the completion of the committee's work on this amendment is dependent on the presence of the Ministry of Finance to clarify the legal basis for disbursing financial dues to foreign oil companies operating in the region.
For his part, the Chairman of the Federal Financial Supervision Bureau reviewed the schedule of financial dues between the federal government and the region, stressing the documentation of these dues in the Bureau’s reports, with the addition of notes regarding the delivery of the region’s oil and non-oil revenues to the federal government.
The Chairman of the Financial Supervision Bureau stressed the need for the amendment to include clear mechanisms for liquidating financial advances before the end of the year to avoid their accumulation. He stressed that the agreement based on this amendment is good and implementable, with the need to address the observations referred to.
The senior staff of the Financial Supervision Bureau also provided a briefing on the progress of the procedures for localizing the salaries of the region’s employees, indicating that the localization rate exceeded 80% in the banks accredited by the Central Bank of Iraq, with the end of the year set as the final date for completing the biometric cards to ensure that the problem of duplicate salaries is addressed. link
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Tishwash: The Center for Banking Studies announces its training plan for the year 2025
In the presence of His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, the Center for Banking Studies at the Central Bank of Iraq announced its training plan to be implemented during 2025.
The Director General of the Center for Banking Studies, Dr. Mustafa Munir, said that the center will provide specialized accredited courses and tests in the fields of the financial and banking sector, providing workers in this vital sector with accredited international certificates and practices, in addition to providing solid scientific consultations and studies in the financial and banking fields of the Iraqi banking system.
The attendees expressed their interventions regarding the plan and enhancing its details, in light of the observations and suggestions made by each of them at the level of the accredited specialized certificates axis and the workshops and training courses axis, which reflect the actual training needs of banking institutions and non-banking financial institutions, to raise the level of efficiency of the performance of workers in the banking system, towards achieving the goals of sustainable development in implementation of the government program with the required qualitative achievement.
The deliberative meeting concluded with expressing observations and suggestions that would positively reflect on the effectiveness of the training plan to be launched in 2025, and preparing it in its final form, taking into account the flexibility of the plan and its ability to accommodate developments and keep pace with developments.
Central Bank of Iraq
Media Office link
Mot: Facebook friends
Mot: .. When enough is Enough
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 12-08-24
Good Afternoon Dinar Recaps,
BRICS NEWS: THE US DOLLAR’S CLOUT IS DECREASING GLOBALLY, SAYS BRICS
BRICS member Russia has commented on the recent 100% tariff threats issued by President-elect Donald Trump for cutting ties with the US dollar. Russian President Vladimir Putin spoke about the threats by poking fun at the American economy and its dwindling power. The clout that the US carried a few decades ago is no longer in existence as developing countries have come far ahead in steering their economy to prosperity.
While their economy is becoming prosperous, BRICS is focusing on boosting their local currency and not the US dollar. The bloc is determined to use local currencies first and keep the US dollar in the backseat of the global economy.
Good Afternoon Dinar Recaps,
BRICS NEWS: THE US DOLLAR’S CLOUT IS DECREASING GLOBALLY, SAYS BRICS
BRICS member Russia has commented on the recent 100% tariff threats issued by President-elect Donald Trump for cutting ties with the US dollar. Russian President Vladimir Putin spoke about the threats by poking fun at the American economy and its dwindling power. The clout that the US carried a few decades ago is no longer in existence as developing countries have come far ahead in steering their economy to prosperity.
While their economy is becoming prosperous, BRICS is focusing on boosting their local currency and not the US dollar. The bloc is determined to use local currencies first and keep the US dollar in the backseat of the global economy.
.
BRICS: The U.S. Dollar’s Global Influence Is Decreasing
BRICS leader and Russian President Putin explained that after Trump’s presidency, American leaders have done a great deal to undermine the US dollar. The sanctions and weaponization of the USD led to emerging economies ganging up against the White House. “The US dollar’s clout is decreasing globally,” said Putin.
He also said that America’s share in the global economy is shrinking while BRICS is rising. “Given that the US share in the global economy is shrinking, the dollar’s influence on global economic processes is also falling. And as this happens, new tools come to the fore,” he said.
“It’s been four years since the [US] President-elect was in the White House. During this time, the economy has undergone many changes, both globally and in America.
His successors, his political opponents, have done a great deal to undermine the fundamental role of the dollar as a global reserve currency,” Putin summed it up. It now needs to be seen how BRICS will counter Trump’s threat of reducing dependency on the US dollar.
@ Newshounds News™
Source: Watcher Guru\
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YOU WON'T BELIEVE HOW EASY IT IS TO SPREAD CHRISTMAS JOY! | 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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“Bits And Pieces” In Dinarland Sunday Afternoon 12-8-2024
KTFA:
Clare: The House of Representatives postpones its session
12/8/2024
The House of Representatives decided to postpone today's session, Sunday, due to the lack of quorum.
The media department of the council said in a statement received by {Euphrates News} a copy of it, that: "The House of Representatives postponed its session due
to the lack of a legal quorum." LINK
KTFA:
Clare: The House of Representatives postpones its session
12/8/2024
The House of Representatives decided to postpone today's session, Sunday, due to the lack of quorum.
The media department of the council said in a statement received by {Euphrates News} a copy of it, that: "The House of Representatives postponed its session due
to the lack of a legal quorum." LINK
Clare: Most notably Trump and Macron.. Nechirvan Barzani meets world leaders in Paris (photos)
12/8/2024
The President of the Kurdistan Region, Nechirvan Barzani, met with leaders and heads of state on the sidelines of participating in the reopening ceremony of "Notre Dame Cathedral" in the French capital, Paris.
According to the photos published by the presidency of the region, the most prominent leaders and chiefs that President Nechirvan Barzani met with are: French President Emmanuel Macron, US President-elect Donald Trump, and American billionaire and businessman Elon Musk.
An official reception ceremony was held in Paris for President Nechirvan Barzani, via an official procession carrying the flag and name of Kurdistan.
In response to an official invitation from French President Emmanuel Macron, Nechirvan Barzani, President of the Kurdistan Region, participated yesterday evening, Saturday, along with a number of world leaders and presidents, in the reopening ceremony of the historic Notre Dame Cathedral in Paris. LINK
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Clare: Central Bank Governor receives representatives of the Innovation Center at the Dubai International Financial Center
December 08, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, held a meeting in Baghdad with representatives of the Innovation Center at the Dubai International Financial Center, during which they discussed ways of cooperation in the areas of promoting innovation and entrepreneurship, adopting financial technology, artificial intelligence and advanced infrastructure.
The meeting also reviewed opportunities to support innovation in banking systems and electronic payment solutions, and providing opportunities for emerging companies in these fields to enter Iraqi, regional and global markets.
The meeting addressed the development of training programs to build Iraqi capacities to keep pace with global developments, enhance regulatory cooperation and adopt the best standards in the fields of financial technology and banking technology. The two parties also discussed strengthening partnerships between the financial and banking sector, emerging companies and investors, in addition to interacting with universities and various institutions to support the next generation of Iraqi entrepreneurs.
They expressed their commitment to developing partnerships that contribute to achieving the vision of the Central Bank of Iraq in building a digital economic system and a comprehensive financial system based on technology and innovation.
Central Bank of Iraq
Media Office
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Texas Chase Bank Story] This is a bank story at the next level. It's no longer a scam. It's no longer they don't want to talk to you. It's, we want to talk to you as quickly as possible. MR. DON: Mid-summer...I had a small and seldomly active account...I brought up the subject of the dinar and the fact that I thought it was going to be a significant increase in value...She said, I've heard some chatter about that and I've had a number of customs come in and inquire. I'm not sure what's going on...I asked her, any event that occurs do you expect you would be involved in exchanging? [Post 1 of 2]
Frank26 [Bank Story Continued] She said, well that's what we do. As soon as it appears on my screen we will exchange. That was a couple months ago. This past weekend...my wife got a message on her phone. It was from the assistant manager. She said she wanted us to, 'Get in here and get you an appointment with the wealth manager in preparation for what's coming down the pipe.' FRANK: We're now at the point where it's no longer, 'It's a scam'. That nonsense is over...When are you going to have this meeting? MR. DON: We'll probably schedule for this upcoming week... [Post 2 of 2]
BANKRUPT: U.S. Debt Hits Critical Levels as Your Future Is Sold Off
Taylor Kenny: 12-8-2024
he U.S. national debt has skyrocketed to $36 trillion, with $1 trillion added in just 115 days. What does this mean for the next financial crisis? As government spending spirals out of control, the ability to respond to crises diminishes, leaving Americans vulnerable.
In this video, Taylor Kenney dives deep into the growing dangers of national debt, hyperinflation risks, and how to protect yourself with physical gold and silver.
CHAPTERS:
00:00 What $36 Trillion in Debt Means for the U.S.
00:46 Why the Media Avoids the Truth About Debt
02:31 The Illusion of Economic Stability
03:44 The U.S. Debt Crisis: Two Possible Outcomes
04:53 Real-World Consequences for Americans
06:02 How Overspending Affects the Next Generation
07:12 The Risk of a Currency Reset or CBDCs
08:27 Preparing Your Wealth Outside the System
US Admits Collapse of the Dollar as BRICS Introduce New Finance
US Admits Collapse of the Dollar as BRICS Introduce New Finance
Geopolitical Analyst: 12-8-2024
In recent years, the landscape of international finance has been undergoing significant transformation, moving away from traditional systems and exploring innovative alternatives. One of the most groundbreaking initiatives emerging from this shift is BRICS Pay, a payment platform that operates on a decentralized star topology, leveraging dispersed networks to communicate payment information and liquidity.
This novel approach not only enhances the speed and efficiency of payments but also fortifies financial resilience against unilateral actions that can disrupt global economic stability.
US Admits Collapse of the Dollar as BRICS Introduce New Finance
Geopolitical Analyst: 12-8-2024
In recent years, the landscape of international finance has been undergoing significant transformation, moving away from traditional systems and exploring innovative alternatives. One of the most groundbreaking initiatives emerging from this shift is BRICS Pay, a payment platform that operates on a decentralized star topology, leveraging dispersed networks to communicate payment information and liquidity.
This novel approach not only enhances the speed and efficiency of payments but also fortifies financial resilience against unilateral actions that can disrupt global economic stability.
BRICS Pay stands out as a promising alternative to SWIFT, seeking to mitigate potential sanctions and currency volatility that have increasingly characterized the global financial arena. By adopting a decentralized framework, BRICS Pay offers rapid deployment and scalability, making it a highly adaptive solution for the member countries of the BRICS alliance—Brazil, Russia, India, China, and South Africa. The increased focus on inclusivity and transparency aims to foster deeper economic collaboration among BRICS nations and their global partners, ultimately enhancing collective economic power in an increasingly multipolar world.
As of the second quarter of 2024, BRICS countries had significantly bolstered their gold reserves, now totaling approximately 6,200 tons, which accounts for 21.4% of the world’s total reserves. This strategic buildup reflects a broader tendency among countries to diversify from the US dollar and safeguard their economies against external shocks and sanctions.
Russia leads the pack with 2,340 tons (8.1% of global reserves), followed closely by China at 2,260 tons (7.8%). Brazil’s gold reserves have increased nearly threefold, showcasing a successful initiative to strengthen financial defenses in the face of growing global uncertainty.
Nations are increasingly turning away from their dependence on the US dollar in international trade and finance—a process known as de-dollarization. This paradigm shift is driven by various factors, including the desire for economic autonomy, stability, and resilience against US economic sanctions. The dominance of the dollar in global transactions often subjects countries to the vagaries of US monetary policy, which can lead to significant economic instability.
By diversifying their reserves, central banks aim to dispel risk linked to US financial systems and foster greater monetary independence.
Key players like China and Russia are taking significant strides to undermine US economic control by enhancing the use of their respective currencies in international commerce. These nations are establishing regional trade agreements that facilitate local currency transactions, thereby reducing reliance on the dollar.
For instance, a recent agreement between China and Brazil allows for trade in their own currencies, simplifying transactions and minimizing conversion costs.
The movement towards a decentralized payment system and the accumulation of gold reserves are emblematic of the BRICS nations’ commitment to creating a more robust and independent financial architecture. This strategic direction aims not only to cushion the economies of member nations from external pressures but also to pave the way for a multipolar global financial system.
As emerging economies gain traction on the world stage, leveraging their own currencies to bolster financial sovereignty represents a significant shift in international trade dynamics. The rise of BRICS Pay, coupled with nations’ efforts to diversify away from the US dollar, demonstrates a collective resolve to reshape global economic relations and challenge the historical dominance of Western financial institutions.
The introduction of BRICS Pay and the strategic increase in gold reserves signal a pivotal moment in the evolution of global finance. By championing decentralized systems and reducing reliance on the dollar, BRICS nations are taking measured steps towards economic independence, stability, and security.
The aim is clear: to strengthen financial autonomy against geopolitical risks while promoting an inclusive framework conducive to collaboration among emerging markets. As the world moves forward, the success of these initiatives will be closely watched as a potential blueprint for future economic cooperation and resilience on the global stage.
Watch the video below from Geopolitical Analyst for more information.
Seeds of Wisdom RV and Economic Updates Sunday Morning 12-08-24
Good Morning Dinar Recaps,
COINBASE REVEALS LETTERS WHICH EXPOSES FDIC’S ROLE IN OPERATION CHOKEPOINT 2.0
Coinbase reveals FDIC "pause letters", showing efforts to restrict crypto banking services. Documents support Operation Chokepoint 2.0 claims.
▪️Coinbase obtained FDIC "pause letters" revealing efforts to limit banking access for crypto firms in 2022 through FOIA requests.
Good Morning Dinar Recaps,
COINBASE REVEALS LETTERS WHICH EXPOSES FDIC’S ROLE IN OPERATION CHOKEPOINT 2.0
Coinbase reveals FDIC "pause letters", showing efforts to restrict crypto banking services. Documents support Operation Chokepoint 2.0 claims.
▪️Coinbase obtained FDIC "pause letters" revealing efforts to limit banking access for crypto firms in 2022 through FOIA requests.
▪️FDIC's communications showed deliberate delays and questions aimed at halting crypto-related banking activities, fueling "Operation Chokepoint 2.0."
▪️Crypto industry leaders argue government actions restrict legal crypto businesses' access to banking services.
Coinbase, one of the largest crypto exchanges in the U.S., has made public a series of documents that point to the Federal Deposit Insurance Corporation’s (FDIC) involvement in restricting banking access for crypto companies.
The letters, obtained through a Freedom of Information Act (FOIA) request, suggest that in 2022, the FDIC instructed banks to halt or limit services to crypto businesses.
The exchange’s legal team asserts that these documents provide evidence of a concerted effort by federal agencies to suppress the crypto industry.
Coinbase Exposes FDIC’s ‘Pause Letters’, Proving Role in Crypto Banking Restrictions
Coinbase recently revealed a set of “pause letters” sent by the FDIC to financial institutions in 2022. These letters requested that banks temporarily halt crypto-related activities until further review of compliance and risk factors.
The documents, uncovered through legal action by the exchange, shed light on the FDIC’s efforts to limit the banking services available to crypto businesses.
The “pause letters” explicitly instructed banks to pause any crypto asset-related activities. This signals a proactive stance by regulators to discourage financial institutions from engaging with cryptocurrency industry.
Paul Grewal, Coinbase CLO commented,
“The letters that show Operation Chokepoint 2.0 wasn’t just some crypto conspiracy theory. FDIC is still hiding behind way overbroad redactions. And they still haven’t produced more than a fraction of them.”
Last month, Coinbase CLO Paul Grewal revealed that the FDIC has been actively working to restrict banks from offering crypto services.
Operation Chokepoint 2.0 Allegations and Its Impact on Crypto Firms
The documents made public by Coinbase have rekindled the debate around “Operation Chokepoint 2.0,” a term coined by critics to describe alleged government efforts to stifle the crypto industry. According to the exchange legal team, these letters provide concrete evidence of a coordinated strategy by the FDIC to limit crypto firms.
Crypto executives have long complained about the difficulties of securing banking relationships due to regulatory uncertainty. The letters confirm that federal agencies have been using informal measures to suppress the industry.
However, in recent reports, US Rep. French Hill has vowed to investigate Operation Chokepoint 2.0, which he argues targets industries like crypto through politicized debanking. He has called for transparency in financial oversight and stronger protections for businesses facing unfair regulatory practices.
According to reports, Banks were asked to submit detailed analyses, including risk assessments and income projections, before moving forward with offering crypto services. This level of scrutiny and the subsequent delays were a tactic to stop financial institutions from entering relationships with the crypto sector.
Coinbase has vowed to continue pursuing transparency, despite heavy redactions in the documents released by the FDIC. As Coinbase legal chief Paul Grewal stated, further disclosure will provide additional clarity on the extent of the regulatory actions taken against the industry.
Similarly, John Deaton recently called for the incoming US government to hold accountable those responsible for debanking crypto firms.
@ Newshounds News™
Source: CoinGape
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BRICS NEWS: SOUTH AFRICA SAYS BRICS HAS NO PLANS TO CREATE NEW CURRENCY AFTER TRUMP ISSUES WARNING AGAINST DEDOLLARIZATION: REPORT
Reports on a new BRICS currency designed to compete against the US dollar are fundamentally false, according to leaders in South Africa.
In a statement, South Africa’s Department of International Relations and Cooperation (DIRCO) says BRICS is not working on a currency that could be used as an alternative to USD, reports Bloomberg.
According to DIRCO, reports have misinterpreted the intentions of the economic bloc about trade settlements between member nations.
“Recent misreporting has led to the incorrect narrative that BRICS is planning to create a new currency. This is not the case. The discussions within BRICS focus on trading among member countries using their own national currencies.”
In May of last year, reports emerged that BRICS was working on a new currency backed by gold and potentially additional precious metals and assets in a push to abandon the US dollar.
Despite those reports, South Africa is now saying that BRICS has no intention of promoting de-dollarization efforts.
“South Africa supports the increased use of national currencies in international trade and financial transactions to mitigate the impact of foreign exchange fluctuations, rather than focusing on dedollarization. The strengthening of correspondent banking networks and the development of infrastructure for settlements in national currencies could further this aim.”
South Africa’s statements come as President-elect Donald Trump issued an ultimatum against BRICS. Trump says on the social media platform Truth Social that he plans to take severe measures if BRICS creates or backs a dollar alternative.
“The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER. We require a commitment from these countries that they will neither create a new BRICS currency, nor back any other currency to replace the mighty US dollar or, they will face 100% tariffs, and should expect to say goodbye to selling into the wonderful US economy.
They can go find another ‘sucker!’ There is no chance that the BRICS will replace the US dollar in international trade, and any country that tries should wave goodbye to America.”
As a whole, BRICS nations have expressed varying levels of support for a common currency, with leaders in Russia and Brazil firmly behind the idea. South Africa is the most conservative, expressing the need for a cautious approach while emphasizing the importance of the US dollar.
@ Newshounds News™
Source: DailyHodl
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IMMEDIATE SUPPORT FOR VICTIMS - LISTEN NOW! AUDIO | Youtube
WE ARE ALL VICTIMS OF COMMON LAW CRIMES. Mason explains and gives us a remedy through Victims Support Services.
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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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
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Seeds of Wisdom Team™ Website
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Thank you Dinar Recaps
News, Rumors and Opinions Sunday AM 12-8-2024
Ariel (@Prolotario1): Are you all Ready? A Legend will be Written
Ariel: Are you all ready?
Do you have your financial & legal teams in place?
Do you have all debts, interest, bills, fees, etc calculated?
Do you all have your foreign currency in accessible places?
Do you have transportation to get to & fro?
Ariel (@Prolotario1): Are you all Ready? A Legend will be Written
Ariel: Are you all ready?
Do you have your financial & legal teams in place?
Do you have all debts, interest, bills, fees, etc calculated?
Do you all have your foreign currency in accessible places?
Do you have transportation to get to & fro?
Because you all are in a turning point for human history that will never happen again.
Many people are waiting for you all to be bamboozled and let down.
Many are waiting for this to fall through the cracks for you and to laugh at your misfortune.
But if you have been studying this investment you know for certain the last laugh will be on this account.
So prepare yourselves. Contact those who you may need to talk to. A legend will be written in the stars. Your legacy will be solidified and you will get to tell people in the future how you came to know about the greatest wealth transfer the world has ever seen.
Tell them Prolotario1 sent you.
Source(s):
https://x.com/Prolotario1/status/1865564070960914798
https://dinarchronicles.com/2024/12/07/ariel-prolotario1-are-you-all-ready-a-legend-will-be-written/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick They're waving the exchange rate right in front of our faces. Everything that they say, do and talk about cannot be at a program rate...The monetary reform is going to get done one way or another...Kurdistan uses the same IQD as Baghdad does...Get along or get left behind...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
People in the streets are saying Sudani had two years and he is not giving us the purchasing power that he promised us. He made a solemn oath to us and now he's saying not in two weeks, they won't be competed until the early part of 2025. This is unacceptable. FRANK: It's not Sudani that said that. It's this economy idiot and he doesn't represent Sudani.
************
Andy Schectman Reveals MASSIVE Gold Coverup HAPPENING NOW
CapitalCosm: 12-8-2024
Stock "Wobble" Will PANIC The Fed | Michael Oliver
Liberty and Finance: 12-7-2024
Michael Oliver shares his insights on current market conditions, particularly Bitcoin, the stock market, and precious metals.
He expresses skepticism about Bitcoin's recent surge, suggesting it may be a bubble linked to the NASDAQ, and warns that its momentum may not be sustainable.
Oliver also discusses the strength of the precious metals market, noting that despite recent pullbacks, gold and silver remain stronger than the S&P and NASDAQ year-to-date.
He anticipates that as the stock market weakens, the flow of assets into gold and silver potentially triggering a vertical phase for the metals.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Bitcoin & stock market
5:48 Gold & silver
10:58 Bank stocks
14:55 Move into metals
17:34 Nvidia
20:00 Gold & silver last thoughts
21:17 Momentum Structural Analysis
“Tidbits From TNT” Sunday Morning 12-8-2024
TNT:
Tishwash: Halbousi concludes his visit to Congress and meets with the Foreign Relations Committee
Friday, the head of the Progress Party, Mohammed al-Halbousi, concluded his visit to the US Congress by meeting with Republican Representative and member of the Foreign Relations Committee, Darrell Issa.
The media office of the head of the Progress Party said in a statement received by “Al-Jarida” that “the meeting discussed the strategic partnership between Iraq and the United States of America and ways to develop it in a way that reflects positively on the two friendly peoples and joint cooperation in the fields of energy and gas investment.”
TNT:
Tishwash: Halbousi concludes his visit to Congress and meets with the Foreign Relations Committee
Friday, the head of the Progress Party, Mohammed al-Halbousi, concluded his visit to the US Congress by meeting with Republican Representative and member of the Foreign Relations Committee, Darrell Issa.
The media office of the head of the Progress Party said in a statement received by “Al-Jarida” that “the meeting discussed the strategic partnership between Iraq and the United States of America and ways to develop it in a way that reflects positively on the two friendly peoples and joint cooperation in the fields of energy and gas investment.”
The meeting also discussed the situation in Gaza and Lebanon, efforts to stop the war and put it into practical implementation, as well as the recent developments in Syria and the importance of containing this crisis and affirming the preservation of Syria's security and stability, according to the statement. link
Tishwash: Former Minister Rules Out Trump Imposing Sanctions on Iraqi Oil Production and Marketing
Former Minister of Electricity, Luay Al-Khatib, ruled out US President-elect Trump imposing sanctions on Iraqi oil production and marketing.
Al-Khatib stated in a post on the “X” platform, which was followed by “Jarida”, that “Trump is a man of deals and will use his tools to redraw international relations in a manner consistent with his administration by controlling the movement of the dollar and imposing sanctions and central bank dealings on some institutions, individuals and even regimes that are unfriendly or difficult to deal with with the United States.
He may be stubborn or strict on the issue of granting exceptions to Iraq’s import of Iranian gas and electricity exclusively to restrict the dollar’s access to Tehran, but he will not pressure Iraq, as the second oil producer in OPEC, to limit its production to support global markets in order to push for price instability and rises, especially in light of the sanctions in force on major producers such as Iran, Russia and others.”
He expected, “Perhaps the Trump administration will support American energy companies in the fields of oil, gas, electricity and renewable energy to invest in producing countries, including Iraq, to create an alternative and restore trade balance with an active presence, but with work controls that do not contradict financial dealings between Iraq and the United States and the two countries’ partners in the region.”
He stressed that "Iraq must move wisely and quickly to deal with the Trump administration and work on a proactive plan to win over the elected administration before it takes power so that the country can avoid costly moody scenarios that we faced during our ministerial period with great difficulty and succeeded at that time in containing them to pass exceptions on the gas and electricity files." link
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Tishwash: Al-Nusairi calls on the media to be patriotic, transparent and supportive of the national economy
Economic and banking advisor Samir Al-Nusairi called for economic media to be national, specialized, accurate, honest and transparent in diagnosing economic problems and imbalances, and to be a real and supportive contributor in proposing solutions and treatments to the supervisory and regulatory government bodies, and not to be a media that is satisfied with directing criticism and accusations without relying on accurate and transparent sources and information.
Al-Nusairi pointed out that the economic analysis of those called analysts or experts should be realistic and committed to reaching accurate information from reliable sources so that the government and its economic institutions can benefit from it for the purposes of diagnosis, treatment and accountability.
Al-Nusairi warned against some non-economic media (or non-specialized media) that have recently promoted and analyzed incorrect news that is tainted with lack of credibility and fallacies in transmitting and analyzing the news according to specific visions, intentionally or unintentionally, that harm the course of economic, financial and banking reform, disrupt the movement of monetary and commodity trading in the local market, and hinder the efforts of the government and the Central Bank in achieving the goals set to achieve the desired reform steps
Stressing that the non-committed media contributes to adding another problem that affects the nerve of the Iraqi economy in addition to the challenges that the country and the region are currently suffering from, which is creating a state of economic instability and fluctuations in the exchange rate of the US dollar against the Iraqi dinar and the rise in the prices of basic and necessary goods and materials such as food and medicine.
He pointed out that it is necessary here for media workers in all its fields and analysts who roam satellite channels and lack experience and intent to realize that specialized economic media has an important and fundamental role in creating economic stability and goes beyond that to contributing to economic reform and enabling and assisting the concerned state agencies and institutions to control economic problems and spread economic culture and avoid failure cases because economic media must be national economic media in word and meaning.
Al-Nusairi explained that media and economy are in a multi-faceted and permanently related partnership, and they are on the same front to face the challenges they face together, and if we assume that the economy can create successful media, then it is certain that the media can also create a successful economy, and this is what results in the success of the media institution if it has specialized economic leaders who are aware of the role of national media.
Iraq's experience in this field is considered modern, as the economy needs support and assistance in promotion, analysis, planning and support in order to deliver a distinguished media message to the audience, whether through the press, television, radio, or modern media and communication channels.
Al-Nusairi concluded by saying: “Therefore, the economic media that can deliver a purposeful message and serve the economy and economic institutions is the one that attracts an important segment of society. It will remain and continue and achieve the strategic goals of supporting the national economy and developing the work of productive, financial and banking institutions.
The economic media must undertake positive participation in the process of development and economic reform by presenting an image of the nature of the future trends of the economy and identifying economic and development activities and events and available energies and encouraging and stimulating the economy and investment.” link
Mot: .... ""Mots"" Thought fur da Daze
Mot: ...... and Yet another of ole ""Mots"" marital Tips!!!
Gold, Silver, and the Great Financial Reset
Gold, Silver, and the Great Financial Reset
Kinesis Money: 12-6-2024
In a compelling episode of Live from the Vault, Kinesis Money’s Andrew Maguire joins forces with esteemed economist Dr. Stephen Leeb to uncover the seismic shifts occurring within the global financial landscape.
Their insightful dialogue deftly navigates the accelerating decline of the US dollar’s dominance, the resurgent role of gold in contemporary monetary systems, and the significant moves being made by BRICS nations that are catalyzing a transition towards a multipolar world order.
Gold, Silver, and the Great Financial Reset
Kinesis Money: 12-6-2024
In a compelling episode of Live from the Vault, Kinesis Money’s Andrew Maguire joins forces with esteemed economist Dr. Stephen Leeb to uncover the seismic shifts occurring within the global financial landscape.
Their insightful dialogue deftly navigates the accelerating decline of the US dollar’s dominance, the resurgent role of gold in contemporary monetary systems, and the significant moves being made by BRICS nations that are catalyzing a transition towards a multipolar world order.
At the heart of the discussion lies the growing vulnerability of the US dollar, long held as the world’s primary reserve currency. Maguire and Leeb analyze the multifaceted factors contributing to this decline, including rising inflation, expansive monetary policies, and geopolitical tensions.
The dollar’s entrenched status is increasingly at risk as other nations seek alternatives to mitigate their dependence on the dollar. This realignment is not just a financial shift; it represents a profound transformation in global power dynamics.
Amidst this tumult, gold is resurfacing as a form of monetary security. Maguire and Leeb highlight the critical role that gold plays in the evolving landscape, especially as central banks around the world begin to stockpile the precious metal. This strategic move underscores gold’s timeless allure as a reliable store of value and a hedge against fiat currency failures.
Leeb points out that the historical precedence of gold during economic upheaval has led to renewed interest in its intrinsic value.
As nations grapple with the challenges posed by inflationary pressures and the erosion of trust in fiat currencies, gold is being reconsidered not merely as a commodity, but as a cornerstone of sound monetary policy.
This revitalization of gold could reshape not only individual national economies but also the global financial framework.
The discussion also pivots towards the BRICS nations—Brazil, Russia, India, China, and South Africa—whose collective muscle is creating a new paradigm in international finance. These countries are actively working to establish a multipolar world order that diminishes the spotlight on the US dollar.
The implications of their coordinated efforts are profound, signaling a shift toward diversified currencies and transactions that prioritize regional stability over reliance on a single power.
With initiatives such as the BRICS currency discussions and the promotion of trade in local currencies, these nations aim to create more equitable terms of trade that serve their interests. As Maguire suggests, this transition poses both opportunities and challenges, pushing for a recalibration of how financial systems are viewed and operated globally.
A particularly poignant element of the discussion is the dichotomy between spiritual and material perspectives in global economics. Leeb highlights the importance of recognizing the underlying values that drive economic behavior, suggesting that a purely materialistic approach, often seen in the relentless pursuit of GDP growth, is shortsighted.
The co-hosts argue for a shift towards a more holistic view of economics—one that encompasses not just monetary success but also societal well-being and ethical considerations.
Such insights urge policymakers and individuals alike to rethink their relationship with wealth and prosperity. By fostering a balance between spiritual values and material pursuits, it may be possible to create a more sustainable and equitable financial ecosystem.
As Andrew Maguire and Dr. Stephen Leeb so effectively articulate, the current financial landscape is in flux, marked by the decline of the US dollar’s supremacy, the resurgence of gold as a monetary cornerstone, and the transformative ambitions of BRICS nations.
These changes compel us to reconsider our economic paradigms and the values that underpin them. In navigating these uncharted waters, embracing a more holistic view of economics may well equip us to face the future with resilience and integrity.
The implications of their insights are vast and warrant close attention from anyone interested in the dynamics of global finance, as the winds of change continue to shape our monetary future.
This Is How Iraq Will Achieve a $3.00 IQD Revaluation
This Is How Iraq Will Achieve a $3.00 IQD Revaluation
Awake-In-3D December 6, 2024
Iraq’s blueprint for a $3.00 IQD revaluation combines re-denomination, gold reserves, and sweeping reforms.
Iraq is setting the stage for a transformative economic shift with a $3.00 IQD revaluation—a move rooted in strategic planning and decisive action. By combining a re-denomination of its currency, leveraging vast gold reserves, and implementing sweeping reforms, Iraq is crafting a blueprint that could reshape its economic future. This article walks you through the steps Iraq is taking, so you can clearly see how this bold strategy is turning a monumental vision into an achievable reality.
This Is How Iraq Will Achieve a $3.00 IQD Revaluation
Awake-In-3D December 6, 2024
Iraq’s blueprint for a $3.00 IQD revaluation combines re-denomination, gold reserves, and sweeping reforms.
Iraq is setting the stage for a transformative economic shift with a $3.00 IQD revaluation—a move rooted in strategic planning and decisive action. By combining a re-denomination of its currency, leveraging vast gold reserves, and implementing sweeping reforms, Iraq is crafting a blueprint that could reshape its economic future. This article walks you through the steps Iraq is taking, so you can clearly see how this bold strategy is turning a monumental vision into an achievable reality.
The Current Iraqi Dinar Landscape
Iraq’s M0 money supply, which measures the total amount of physical currency in circulation, stands at 150,828 billion IQD as of September 2024. To express this figure in trillions, it becomes 150.828 trillion IQD, as one trillion equals 1,000 billion.
Image Source: https://tradingeconomics.com/iraq/money-supply-m0
Additionally, Iraq holds 152.6 metric tons of gold, which equates to approximately 4.9 million troy ounces or 152.6 million grams. At a price of $2,630 per troy ounce, these reserves are valued at around $12.9 billion USD, providing a strong foundation for monetary reform toward a $3.00 IQD.
How a $3.00 IQD Exchange Rate Works
Iraq’s plan to achieve a $3.00 IQD exchange rate relies on two major steps: re-denomination of the currency and backing the new currency with gold reserves. Here’s how these steps would work:
Step 1: Re-denomination
A currency re-denomination means adjusting the value of a currency by removing extra zeros from its face value. For Iraq, this involves removing three zeros from the current IQD notes.
For example:
Today, 1,000 IQD is equal to about $0.76 USD (since 1 IQD is worth roughly $0.00076).
After re-denomination, 1,000 IQD would become 1 new IQD, and that 1 new IQD is targeted to be worth $3.00 USD.
This step simplifies the currency, making it easier for people to use and understand. Instead of needing large numbers (like 1,000 IQD) for small transactions, the new IQD would have a higher value with fewer digits.
Step 2: Backing the New $3.00 IQD with Gold
To support the new value of $3.00 per IQD, Iraq plans to back its currency with its gold reserves. This means each unit of the new IQD would represent a portion of Iraq’s gold. Backing currency with gold provides stability because gold is a tangible, universally valued asset.
Here’s the math behind this:
Iraq’s total money supply after re-denomination would be 150.828 billion new IQD.
To set a value of $3.00 per IQD, the total currency value must equal $452.5 billion USD (calculated as 150.828 billion IQD × $3.00).
Gold is currently valued at $84.58 per gram, so Iraq needs to allocate about 0.0355 grams of gold for every 1 new IQD.
In total, Iraq would need 5.36 metric tons of gold to fully back its new currency at the $3.00 rate. Since Iraq’s reserves are much larger at 152.6 metric tons, the country has more than enough gold to implement this plan.
Why Gold-Backing Matters
By tying the value of the new IQD to gold, Iraq ensures its currency remains stable and valuable. Unlike paper money (fiat currency), which governments can print at will and risk inflation, a gold-backed currency cannot exceed the value of the gold reserves supporting it. This approach boosts confidence in the currency for both Iraqis and international investors.
How a $3.00 IQD Impacts Exports
While a $3.00 IQD delivers many benefits, including increased purchasing power for Iraqi citizens and enhanced international confidence in the currency, it also affects the competitiveness of Iraqi exports.
When a country’s currency strengthens, its goods and services become more expensive for people in other countries. For example, if Iraq exports agricultural products, industrial goods, or locally manufactured items, buyers in other nations need to spend more of their own currency to purchase those items. This higher cost creates challenges in competing with cheaper alternatives from other nations.
For Iraq’s non-oil sectors—such as agriculture, construction materials, and manufacturing—a $3.00 IQD challenges their ability to compete with lower-priced goods from other nations. This slows the development of these industries, which Iraq is keen to grow as part of its economic diversification efforts.
However, Iraq’s primary export—oil—remains unaffected. Oil is priced in USD globally, so its cost doesn’t change regardless of IQD fluctuations. This ensures Iraq’s oil revenue, which makes up the bulk of its economy, remains stable, providing a financial buffer as the country adjusts to a stronger IQD.
A Gold-Backed Currency and Economic Stability
One of the major advantages of a gold-backed currency is its built-in resistance to inflation. Unlike fiat currencies, which can be printed without limit and risk losing value over time, a gold-backed $3.00 IQD derives its value from a tangible asset—gold. This connection to a physical resource ensures monetary stability, as the supply of currency is tied directly to the amount of gold in reserves.
Historically, nations operating on a gold standard experience long periods of price stability, making such a system appealing for Iraq as it restores confidence in its currency.
Economic and Governance Considerations
To sustain the trust of its citizens and international markets, Iraq must address domestic challenges, such as corruption, inefficiency, and political instability. Transparent communication about the redenomination process and its goals is critical in fostering public support and maintaining economic stability.
Iraq has made strides in key areas to support these objectives:
Anti-Corruption Measures
The Iraqi government has intensified efforts to combat corruption, which has long plagued its institutions. The Integrity Commission has launched investigations into high-profile cases, targeting embezzlement and mismanagement of public funds. Recent legislation aims to enhance accountability by streamlining processes for auditing government projects and increasing penalties for financial chaos. These measures are vital for establishing public trust and ensuring that resources are directed toward economic reform.Banking Sector Modernization
Iraq is actively modernizing its banking system to facilitate a stable transition to a stronger IQD. Initiatives include introducing advanced digital banking platforms, improving transparency in financial transactions, and collaborating with international financial institutions for technical assistance. The Central Bank of Iraq (CBI) has also implemented stricter regulations to prevent money laundering and enhance the banking sector’s credibility on the global stage.Political Stability Efforts
Acknowledging the importance of political stability, Iraq’s leaders have focused on fostering unity among its diverse population. Efforts include resolving disputes over revenue sharing between the federal government and the Kurdistan Regional Government (KRG) and strengthening security measures in conflict-prone areas. These steps aim to create a more stable environment conducive to long-term economic growth.Diversification of the Economy
To reduce reliance on oil revenues, Iraq is implementing policies to promote non-oil sectors such as agriculture, manufacturing, and tourism. Programs to provide incentives for small and medium-sized enterprises (SMEs) and attract foreign investors are helping to broaden the economic base. These initiatives are aligned with Iraq’s vision for sustainable development and economic resilience in the face of global market fluctuations.Public Awareness Campaigns
The government has launched public awareness campaigns to educate citizens about the redenomination process and the benefits of a gold-backed $3.00 IQD. These efforts include town hall meetings, media outreach, and collaboration with community leaders to address concerns and misconceptions. By keeping the public informed, Iraq aims to build confidence and minimize resistance to these sweeping monetary changes.
Through these combined efforts, Iraq is positioning itself to implement a strong and sustainable $3.00 IQD exchange rate. Overcoming these challenges is essential to securing the trust of both its citizens and the international community, paving the way for long-term economic stability and growth.
Benefits of a $3.00 IQD
Global Confidence: A gold-backed $3.00 IQD strengthens Iraq’s position in international financial markets and attracts foreign investment.
Increased Purchasing Power: Iraqi citizens benefit from greater purchasing power, making imports more affordable and improving standards of living.
Economic Stability: By tying the IQD to gold, Iraq creates a stable currency, reducing the risk of inflation and promoting long-term trust.
The Bottom Line: A Feasible and Transformative Reform
With gold prices at $2,630 per troy ounce, Iraq’s reserves of 152.6 metric tons are more than sufficient to back a redenominated IQD at $3.00 IQD, requiring only 5.36 metric tons of gold. While this reform is technically feasible and promises significant benefits, Iraq must carefully manage its non-oil export sectors to mitigate the potential downsides of a stronger currency.
If implemented successfully, a $3.00 IQD marks a turning point for Iraq, restoring its currency’s historical strength and securing its place as an economic leader in the region.
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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 12-07-24
Good Afternoon Dinar Recaps,
THE QUANTUM FINANCIAL SYSTEM'S NETWORK — ISO 20022 COMPLIANT COINS
▪️Ripple XRP
Institutional coins, network of smart contracts, removes 3rd party verification, reduces fraud and illegal activities.
The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat/cryptocurrency, which makes it easy for any currency to be exchanged for another. It is scalable. XRP Provides Global Liquidity, backed by gold, part of the ISO20022 ecosystem.
Good Afternoon Dinar Recaps,
THE QUANTUM FINANCIAL SYSTEM'S NETWORK — ISO 20022 COMPLIANT COINS
▪️Ripple XRP
Institutional coins, network of smart contracts, removes 3rd party verification, reduces fraud and illegal activities.
The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat/cryptocurrency, which makes it easy for any currency to be exchanged for another. It is scalable. XRP Provides Global Liquidity, backed by gold, part of the ISO20022 ecosystem.
ISO20022 is a worldwide industry standard that has been brought in to regulate the interchange of electronic data between financial institutions.
Ripple works on an open-source and peer-to-peer decentralized platform that helps in easily transferring various forms of fiat money, be it pound, dollars or rupees, or cryptocurrencies, like Ether or Bitcoin.
Its services included being a medium of exchange, international payment settlement and remittance system.
XRP is the digital asset native to the Ripple system. It is touted as being easy to use with almost free, instant transactions. Ripple is built upon distributed open source protocol, a consensus ledger and the aforementioned digital asset known as XRP.
Built for enterprise use, XRP enables real-time global payments anywhere in the world. XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments and has been increasingly adopted by banks and payment networks as settlement infrastructure technology.
▪️Stellar XLM
Digital Currency backed by Silver, part of the ISO20022 ecosystem.
XLM/Stellar Network: the people’s coin, people can create/send/trade all forms of money (fiat and digital), undeveloped nations. Partnered with VISA and MoneyGram.
Stellar is a cryptocurrency and open source protocol for value exchange founded in early 2014 with a similar structure to that of the competing blockchain solution, XRP. Stellar claims to be platform that connects banks, payments systems, and people.
Stellar aims to achieve this through its completely decentralized consensus platform. It is designed to support any type of currency and has a built in decentralized exchange that can be used to trade any type of currency or asset.
The Stellar ledger records all the balances and transactions belonging to every account on the network. A complete copy of the Stellar ledger is then hosted on each server that runs the open source Stellar software. These servers form the decentralized Stellar network. To verify the network these servers then sync and validate the ledger through process known as consensus.
▪️Quant QNT
Quant is a versatile plug-and-play solution connecting different blockchains and enterprise software without requiring new infrastructure.
Using distributed ledger technology (DLT) and APIs through the Overledger API gateway, it enables seamless communication between blockchains.
Quant also supports multi-ledger tokens (MLTs) backed by fiat funds held in escrow, serving entities like central banks, banks, fintechs, payment systems, and marketplaces.
These MLTs function as stablecoins, vouchers, loyalty points, and eMoney, facilitating fast and transparent cross-border bank payments.
The union of Quant (QNT) and the ISO 20022 standard signifies a groundbreaking alliance within the Quantum Financial System.
Quant, focused on blockchain interoperability, integrates ISO 20022's universal financial messaging standard to enhance connectivity between diverse networks.
By adhering to ISO 20022, Quant aims for standardized, efficient, and secure transactions, propelling faster speeds, reduced costs, and improved transparency. Moreover, this integration represents a vital step toward leveraging quantum computing in finance.
While promising, challenges like widespread adoption and regulatory alignment must be addressed.
Yet, the amalgamation of Quant QNT with ISO 20022 paints a future where quantum technology and interoperability revolutionize finance.
▪️ XDC/ XinFin Network
Digital Currency backed by Copper, part of the ISO20022 ecosystem.
Fintech coin (VISA/MC), partnered with Flare Network/DeFi (decentralized finance) = bridge between institutional and retail.
XinFin is a Blockchain technology company focused on international trade and finance.
We have developed a highly scalable, secure, permissioned and commercial grade Blockchain architecture.
XinFin blockchain is powered by XDC01 protocol, which is built over the first of its kind Hybrid Blockchain architecture to eliminate the inefficiencies in global trade and financing and to enable institutions provide real time settlement as well as enabling cross border smart contracts.
With an aim to bridge the global infrastructural deficit with their open source marketing platform - TradeFinex, XinFin has created a seamless platform for financiers, suppliers and beneficiaries across industries worldwide.
The primary goal of XinFin is efficiently facilitate capital deployment and minimize pressure on the infrastructural deficit by enabling a peer to peer trade and financing between governments, corporates, communities and suppliers.
They use blockchain and IoT to enable the transaction of community driven digital asset.
▪️Algorand ALGO
Digital Currency backed by precious metal Palladium, part of the ISO20022 ecosystem.
Algorand is an open source, pure proof of stake blockchain protocol.
It requires a negligible amount of computation, and generates a transaction history with low “fork” probability.
This protocol aims to remove technological barriers: decentralization, scalability, and security, that have undermined the acceptance of mainstream blockchain.
Algorand implements a new Byzantine Agreement (BA) protocol to reach consensus among users on the next set of transactions.
To scale the consensus to many users, Algorand uses a novel mechanism based on Verifiable Random Functions. There are two types of smart contracts on the Algorand network:
Layer 1 on-chain, and Layer 2 off-chain, by moving the most computationally intensive smart contracts off-chain, Algorand frees up space on the network for simple transactions, thus reducing congestion to improve processing speed.
▪️Iota MIOTA
Digital Currency backed by precious metal Iridium, part of the ISO20022 ecosystem.
IOTA is an open source, public distributed ledger that is used for providing secure payments and communications between devices on the “Internet of things.
The IOTA ledger stores transactions in a directed acyclic graph structure, called a Tangle.
The Tangle is used instead of the blockchain structure commonly seen in other cryptocurrencies, such as Bitcoin.
This tangle structure is part of what enables IOTA to keep its transactions free, regardless of the size, In addition the confirmations are almost instant and the systems capability is unlimited.
▪️Hedera HBAR
The integration of Hedera HBAR into the ISO 20022 framework within the Quantum Financial System (QFS) marks a significant stride in the evolution of finance.
Hedera Hashgraph's unique consensus algorithm, combined with the standardized messaging of ISO 20022, promises several advantages.
This integration facilitates: Interoperability, Security, Efficiency, Transparency and Auditability, Global Adoption.
These tokens are mainly utilized to power decentralized applications to protect the network from malicious attacks and for paying network services.
While promising, challenges such as regulatory compliance and market acceptance remain.
Nonetheless, this integration paves the way for a more efficient, transparent, and globally accessible financial landscape.
▪️Cardano ADA
Cardano (ADA) is a third-generation blockchain platform built to address the limitations of earlier blockchain systems like scalability, interoperability, and sustainability.
Developed with a strong emphasis on academic research and peer-reviewed protocols, Cardano is known for its innovative approach to decentralization and energy efficiency through its Ouroboros proof-of-stake (PoS) consensus mechanism.
As one of the few cryptocurrencies aligned with the ISO 20022 messaging standard, Cardano is uniquely positioned to integrate seamlessly into the evolving global financial system.
This makes ADA particularly appealing for use cases like cross-border payments, remittances, and other financial services requiring high levels of interoperability and regulatory compatibility.
@ Newshounds News™
Source: https://qfs.live/
~~~~~~~~~
END OF CRYPTO CRACKDOWNS? LAWMAKER SAYS 'REGULATION BY ENFORCEMENT IS OVER'
A top lawmaker says the U.S. is shifting from “regulation by enforcement” to clear oversight, with new leadership poised to boost cryptocurrency and AI innovation.
A New Era for Crypto and AI Regulation
U.S. House Financial Services Committee Chairman Patrick McHenry has highlighted progress in crypto regulation, focusing on new leadership roles and the evolving oversight of cryptocurrencies and artificial intelligence (AI). In a post on social media platform X Friday, McHenry praised the creation of a “crypto and AI czar” as a major development.
“The mere fact that the U.S. now has a crypto and AI ‘czar’ reflects the impact of the Financial Services Committee,” he claimed, emphasizing:
The era of regulation by enforcement is over.
“With folks like David Sacks and Paul Atkins, the future of the digital asset ecosystem in the U.S. is brighter than ever,”the congressman added. “Paul Atkins has the expertise and experience needed to restore faith in the SEC. I’m confident his leadership will lead to clarity for the digital asset ecosystem and ensure U.S. capital markets remain the envy of the world,” the congressman continued.
President-elect Donald Trump recently announced two significant appointments: David Sacks as the White House AI and Cryptocurrency Czar, and Paul Atkins as Chair of the Securities and Exchange Commission (SEC), replacing Chair Gary Gensler.
Sacks, a venture capitalist and former Paypal executive, is tasked with developing a legal framework to bolster the U.S. crypto industry and ensure global competitiveness in artificial intelligence.
Atkins, a former SEC commissioner known for his pro-crypto stance, is expected to shift the agency’s approach towards more lenient regulations, potentially easing enforcement actions against digital asset firms.
These appointments signal the incoming administration’s intent to foster innovation in emerging technologies while reconsidering existing regulatory measures.
McHenry has announced he will retire from Congress at the end of his current term, which concludes in January 2025. As Chairman of the House Financial Services Committee, he has been a leading advocate for clear regulatory frameworks in the digital asset sector.
His comments come amid growing calls for a balanced regulatory approach that fosters innovation while ensuring investor protection. Industry observers have long criticized “regulation by enforcement” for creating uncertainty and stifling growth, making this transition a welcomed change for stakeholders.
The new focus on leadership and structured policies marks a pivotal moment for U.S. cryptocurrency and AI development, with advocates anticipating a more supportive environment for innovation.
@ Newshounds News™
Source: Bitcoin News
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GET READY FOR NESARA GESARA WITH THESE 5 ESSENTIAL QSI TOOLS! Youtube
QUANTUM FUTURE WITH THE QFS
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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