Ariel: Iraqi Dinar update, Now this is a Merry Christmas
Ariel: Iraqi Dinar Update, Now this is a Merry Christmas
Launched today?
No delay?
No postponement?
No July 2025?
But I thought that was what the CBI said?
Ariel: Iraqi Dinar Update, Now this is a Merry Christmas
Launched today?
No delay?
No postponement?
No July 2025?
But I thought that was what the CBI said?
Majeed: CBI Governor LAUNCHED Today
1-Launching strategic projects such as 1-instant payments,
2-local cards,
3- unified payment gateways.
4- Issuing regulations to license digital banks in Iraq.
5-Developing a robust technical infrastructure to support financial inclusion.
6-Enhancing cybersecurity through advanced tools and a dedicated management center.
Iraq News Update
“Now This Is A Merry Christmas”
This is a crazy development here. Totally out of left field but in the most amazing way for Iraqi citizens and the world. I knew something was brewing in the background. This can only mean one thing. Because this will definitely force their hand to act expeditiously in order to quell any potential instability in the market.
The only thing left to do is to pull the trigger anytime before January 1st
I would presume based on what just happened. I just do not see how they can survive without doing so.
When platforms facilitating currency transfers are suspended, liquidity tightens, and rumors about exchange rate fluctuations can spread rapidly. This can lead to panic in the markets as businesses and financial institutions anticipate changes.
A gap between the official exchange rate and black-market rates could widen. This could encourage the growth of parallel markets where currency is exchanged at higher rates, undermining the Central Bank’s control over monetary policy.
The logical next step to prevent destabilization might be for Iraq to introduce the new exchange rate. By doing so, they could:
• Stabilize market confidence.
• Reduce speculation.
• Align market forces with the anticipated economic reforms.
With the auctions suspended and the new year approaching, the window for inaction is small. Iraq may be positioning itself for a currency adjustment or revaluation before January 1st to avoid starting 2025 with uncertainty.
Majeed: banks going international in Iraq…. CBI is not holding auction anymore It was stopped yesterday ….all of a sudden going to Forex “Economist Ziad Al-Hashemi revealed on Monday that the Central Bank of Iraq was suddenly suspending the operation of the dollar transfer platform before the scheduled date and without an official announcement and without taking into account the interests of Iraqi companies and markets, in a step that is said to be far from professionalism and transparency”
This is what you will be doing.
Currency Conversion = IQD/USD
Brothers Technology inc: Ariel You’re Absolutely correct, However I have to ADMIT THAT NO AUCTION = Internationalization of Iraqi Banks = International Iraqi Dinar = International Iraqi Stock Exchange merry Christmas has a new meaning and merry Christmas
People allow Iraq to assess the market. They just did something extremely bold ahead of the date they were supposed to do it so something obviously changed behind the scenes that prompted them to jump the gun. I presume corruption and other factors were on their mind.
Iraq’s financial reforms are deeply tied to international politics and negotiations. If the exchange rate affects international contracts, IMF agreements, or regional trade deals, the delay may indicate ongoing negotiations behind the scenes.
So I was not expecting them to do another gutsy move on top of that by reinstating immediately after they just suspended the dollar transfer without any warning which even they called unprofessional for how this was carried out. Obviously someone is ready to get this over with.
Because the auctions were being exploited to siphon dollars out of Iraq, contributing to black-market activity and weakening the dinar. Ending them suddenly prevents further a***e. So this major step by itself sets up Iraq to make another adjustment. Which is the new exchange rate.
So please allow them to monitor their next move with caution as many of you were expecting them to drop another wild maneuver on the markets without a heads up when they have international contracts in place is not a smart thing to do. Which is why they have yet to disclose how much Kurdistan is getting.
This just accelerated de-dollarization and Iraq is pushing to reduce reliance on the U.S. dollar and strengthen the dinar. Halting auctions forces local markets to transition faster to dinar-based transactions. Which is what will give citizens their purchasing power. Not to mention the HCL stipends.
Read:
Majeed: They promised to pay either on Thursday or Saturday…. Saturday is already out of question Because Forex will be closed, they cannot pay them inside the country with different rate because it will be exposed on the media Thursday today, my time …..They’re coming back to work in 6 hours and 10 minutes from now …..This is their only option to pay Kurdistan with the new rate if they were up to their promise.....plus the auction was stopped as the article said Who’s gonna handle the international transaction today if it wasn’t the banks? Plus the best listing days for currencies, Tuesday, Wednesday Thursday
More News, Rumors and Opinions Wednesday PM 12-25-2024
Gold Telegraph: All Eyes on the Federal Reserve for 2025
Dec 24, 2024
The majority of economists once focused on predicting events with accuracy. Now, their role has shifted to crafting illusions designed to deceive. Imagine doing this for a living?
2025 will be the golden age.
Let’s hope we are entering an era where the Federal Reserve is finally held accountable, enabling a world buried in debt and crushing the economic future of generations to come.
Gold Telegraph: All Eyes on the Federal Reserve for 2025
Dec 24, 2024
The majority of economists once focused on predicting events with accuracy. Now, their role has shifted to crafting illusions designed to deceive. Imagine doing this for a living?
2025 will be the golden age.
Let’s hope we are entering an era where the Federal Reserve is finally held accountable, enabling a world buried in debt and crushing the economic future of generations to come. New article soon.
ALL EYES ON THE FEDERAL RESERVE FOR 2025?
Elon Musk says the Federal Reserve is overstaffed. Understatement.
For 25 years, they have papered over every crisis with a flood of excessive credit, creating illusions of stability while deepening the cracks.
Get this:
In 2022, the Federal Reserve spent $5 billion on salaries and pensions for 23,000 employees.
This averaged: $217,000 per employee.
Earlier this year, Jerome Powell declared it’s long overdue for an adult conversation on unsustainable fiscal policy.
Ironically, The Federal Reserve fuelled this path by anchoring rates at zero for years. Something has to give?
BREAKING NEWS: THE BIGGEST BANKS ARE PLANNING TO SUE THE FEDERAL RESERVE OVER THE ANNUAL BANK STRESS TESTS
Merry Christmas.
“In July, the groups accused the Fed of being in violation of the Administrative Procedure Act, because it didn’t seek public comment…”
Japan’s finance minister has issued another warning about excessive foreign exchange fluctuations. He says the country is ready to step in and stabilize the yen. U.S. Treasuries…
Merry Christmas and Happy Holidays everyone.
https://dinarchronicles.com/2024/12/24/gold-telegraph-all-eyes-on-the-federal-reserve-for-2025/
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KTFA:
Clare: Expert diagnoses two reasons behind the rise of the dollar against the dinar in Iraq
12/25/2024
The economic and financial expert, Abdul Rahman Al-Mashhadani, attributed, on Wednesday, the reasons for the rise of the dollar against the Iraqi dinar to the rumor of the holidays and New Year's Day.
Al-Mashhadani said in an interview with Shafaq News Agency, "The promotion of stopping the platform is a major reason for the rise in the price of the dollar," indicating that "this rumor that spread showed that foreign transfers will stop."
He explained that "this rumor is false, as 97% of the transfers made through the window were transferred to banks that have correspondent banks in a way that enhances the balances. Also, the Christmas holiday is another reason for the demand for the dollar, as there is a lot of travel during these days."
Al-Mashhadani expected that "the situation will stabilize and the dollar will return to its normal status after the holiday."
The dollar price rose gradually in local markets, recording 152,300 dinars for every 100 dollars in the Al-Kifah and Al-Harithiya stock exchanges, and 152,200 dinars for every 100 dollars in Erbil, the capital of the Kurdistan Region. LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO the lower denominations, the lower notes that will be passed out are now in the [Iraqi] banks, are now in the position ready to be handed over to the citizens...
Frank26 There is a plethora of very good informative monetary reform education articles that are coming out that are causing this great pressure of information, a venturi effect of information to the Iraqi citizens. This is the time to do that...We say to ourselves, 'Wow! They're telling the citizens they're going to add value to their currency by giving them purchasing power by lifting the three zeros from the exchange rate. Wow!'...This monetary reform education right now, it's so much of it. It's cornucopia that is filled. It's a piñata that got busted open and it's spilling everywhere, every day.
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'Get the Hell Out of Credit' - Only Gold Survives Coming Collapse: Alasdair Macleod
Commodity Culture: 12-25-2024
Alasdair Macleod believes that interest rates rising signal an impending collapse of the credit market that will wipe out stocks, bonds, and crypto without prejudice, and when that event occurs, only gold in your hand will provide some salvation.
Alasdair hones in on the 10 Year Treasury rate and why it's flashing red, in addition to discussing recent massive deliveries of both gold and silver on the COMEX, why Russia may be headed towards a gold standard, and much more.
00:00 Introduction
00:40 Interest Rates Hold the Key
07:22 Danger of Rising Yields on Treasuries
11:36 Massive COMEX Deliveries
19:41 Huge Gold Demand in Asia
23:33 Is Silver Truly Undervalued?
31:26 Geopolitical Uncertainty
38:54 Canada's Economic Woes
The Collapse of the US Empire
The Collapse of the US Empire
WTFinance: 12-24-2024
In a recent episode of the WTFinance podcast, host John Smith welcomed back the renowned economist and social critic, Professor Richard Wolff.
Known for his compelling critiques of contemporary economic systems and his role as the Founding Director of Democracy at Work, Wolff brought his expertise to the discussion on the economics of 2024 and what the future may hold for the United States and the global economy.
As the world approaches 2024, Wolff highlighted several significant economic trends that could shape the year. One of the key themes was the potential for another “Roaring Twenties,” a term often associated with the economic boom following World War I in the United States.
The Collapse of the US Empire
WTFinance: 12-24-2024
In a recent episode of the WTFinance podcast, host John Smith welcomed back the renowned economist and social critic, Professor Richard Wolff.
Known for his compelling critiques of contemporary economic systems and his role as the Founding Director of Democracy at Work, Wolff brought his expertise to the discussion on the economics of 2024 and what the future may hold for the United States and the global economy.
As the world approaches 2024, Wolff highlighted several significant economic trends that could shape the year. One of the key themes was the potential for another “Roaring Twenties,” a term often associated with the economic boom following World War I in the United States.
Wolff noted that while the conditions for such a renaissance might exist, the reality is tempered by internal challenges facing the U.S., such as income inequality, labor unrest, and political polarization.
Wolff discussed the inward-looking nature of the U.S. economy, which has shifted in recent years due to various factors, including geopolitical tensions and a pandemic-driven re-evaluation of global supply chains. He posited that this inward focus could lead to both challenges and opportunities for growth.
A resurgence of domestic manufacturing, for instance, may boost local economies, but it requires a careful balance of investment in technology and workforce development.
Another critical aspect of the conversation revolved around the effects of large-scale migration on the U.S. economy. Wolff emphasized that an influx of immigrants can lead to wage increases across various sectors. The resulting demographic shift could drive demand for goods and services, stimulating economic growth. However, he cautioned that without proper integration policies and support systems, tensions could arise, impacting the overall economic landscape.
As the discussion progressed, Wolff articulated a vision for systemic change to alter the current economic trajectory. He stressed the importance of collective action, both in the workplace and within communities, to challenge the status quo.
Wolff called for policies that promote cooperative business models, worker ownership, and equitable distribution of resources as means to create a more just economy. By empowering workers and encouraging grassroots movements, he believes society can effectively counteract the dangers of a collapsing economic system.
Perhaps the most impactful message from Wolff’s conversation was the emphasis on collective action as a necessary tool for change. In a world grappling with economic uncertainty and inequality, the notion that individuals can come together to drive systemic reform was a powerful reminder of the potential for social and economic transformation.
Wolff encouraged listeners to engage in conversations about alternative economic structures and to explore new avenues for collaboration and community empowerment.
The WTFinance podcast episode featuring Professor Richard Wolff provided a thought-provoking analysis of the upcoming economic landscape of 2024. From the possibilities of a renewed economic boom to the challenges posed by migration and systemic inequality, Wolff’s insights are invaluable for anyone seeking to understand the complexities of modern economics.
As we move forward into a new year, his call for collective action and systemic reform remains a crucial reminder of the power of community in shaping a more equitable economic future.
News, Rumors and Opinions Wednesday AM 12-25-2024
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 Special Restored Republic via a GCR Update as of Wed. 25 Dec. 2024
Compiled Wed. 25 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: In other news Christmas used to be celebrated on Jan. 6 before the changeover from the Julian Calendar to the Gregorian Calendar. Evidently the Global Military Alliance is doing other things this Christmas and is going to wait until Jan. 6 2025 to celebrate Christmas.
If the Black Swan Event were to happen over the holidays, the Stock Market would go into turmoil starting Thurs. 26 Dec. 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 Special Restored Republic via a GCR Update as of Wed. 25 Dec. 2024
Compiled Wed. 25 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: In other news Christmas used to be celebrated on Jan. 6 before the changeover from the Julian Calendar to the Gregorian Calendar. Evidently the Global Military Alliance is doing other things this Christmas and is going to wait until Jan. 6 2025 to celebrate Christmas.
If the Black Swan Event were to happen over the holidays, the Stock Market would go into turmoil starting Thurs. 26 Dec. 2024
(RUMORS)
Christmas Eve and Christmas Day: Operation Silent Night will target Elite strongholds under holiday cover Christmas Eve and Day. https://eraoflight.com/2024/12/24/military-alliance-launches-full-force-global-strikes-as-deep state-falls/
American Airlines has halted all flights across the U.S. on Christmas Eve due to a “technical fault” in their system, says FAA. Flights of other airlines were being delayed or cancelled due to extreme snow storms.
If the Black Swan Event were to happen over the holidays, the Stock Market would go into turmoil starting Thurs. 26 Dec. 2024.
ISO20022 tokens like XRP, XLM, XDC were part of the new Global Financial System along with silver & gold. Expect cyber outages.
When the EBS happens it will last from 10 to 12 days:
There will be a EBS message sent over phones, TV and radio around the Globe saying that in the next five hours or so, everyone needed to be home for a global lockdown that would last 10 to 12 days.
NESARA will be announced to the world, which will show that EVERYTHING NEW is beginning.
At the end of the 12 days, they will give out an 800 number for individuals to call to obtain an appointment to set up your Quantum money account on the new Starlink Satellite System.
There were 75 Deepstate Banks that were seized and all assets and accounts closed. All the C***l’s Central Banks have been taken over, with assets entered into the Quantum Financial System (QFS).
The QFS is run on Blockchain where nothing fraudulent can happen because everything is traceable. They can see where all money goes, which stops corruption in its tracks.
Apparently all people have a sum of money in an individual Quantum Financial Account.
The seized assets of the Cabal were moved to those Quantum Financial Accounts of The People. All monies in trust funds were moved to individual QFS accounts. All our bank accounts, savings accounts and retirement accounts were safe in the new Quantum System.
The only monies not reflected in individual Quantum Accounts were investments and shares on the Stock Market. All that will be gone! It is advised to get out of the Stock Market immediately.
Read full post here: https://dinarchronicles.com/2024/12/25/restored-republic-via-a-gcr-special-update-as-of-december-25-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
All banks according to Mr. Sammy have stopped all cash transfers from today to January 7th as part of early inventory. We have declared a two-day holiday on Christmas and then the next day. This is the first time that we've ever done anything like that on Christmas. FRANK: Soon you will have purchasing power for the first time in a long time. FIREFLY: This will also mark the end of using or handling cash as ever before...We're going digitally with a new rate...
Mnt Goat “REASONS FOR THE DELAY IN SENDING GENERAL BUDGETS IN IRAQ AND ITS ECONOMIC REPERCUSSIONS” ...Iraq is trying desperately to fix the system they have in place of budgeting. The article tells us the system has been an ongoing issue and needs to be fixed. It lists the issue involved and is very informative. I will tell everyone...The hold up of the budget is NOT about the RV...I can tell you for sure with 1000% assurance the hold up of the budget implementation is NOT due to waiting for the new RV rate.
Anchored in Gold: A Conversation with Dr. Judy Shelton (Little By Little)
Andy Schectman/Miles Franklin: 12-24-2024
In this illuminating interview, Andy Schectman has the honor of speaking with Dr. Judy Shelton, a distinguished economist, monetary policy expert, and former Federal Reserve nominee.
Dr. Shelton is celebrated for her incisive views on global economics and her steadfast advocacy for sound money principles. Her work has been at the forefront of critical discussions about monetary stability and the enduring role of gold in a shifting financial landscape.
For Andy, with over 35 years of experience in the precious metals industry, it was an extraordinary privilege to engage in this conversation with one of the most respected voices in economics.
Dr. Shelton’s expertise and clarity bring unparalleled depth to this timely discussion on the future of money, financial stability, and the principles that underpin a strong global economy.
This is a must-watch dialogue that will inspire and inform anyone interested in the intersection of monetary policy and the enduring value of gold. Don’t miss it!
“Tidbits and Merry Christmas From TNT” Wednesday Morning 12-25-2024
TNT:
Tishwash: Parliamentary Finance: The budget will be passed with integrity and fairness
Member of the Parliamentary Finance Committee, Hussein Al-Saabari, confirmed today, Tuesday, that the proposed tables in the draft budget law are under study, and it is expected that they will be finally passed.
Al-Saabari stressed in a statement to the Al-Maalouma Agency, “the necessity for the budget to be real and reflect everyone’s interests,” warning that “some amendments may benefit some parties at the expense of others, which is unacceptable.”
He explained that "the budget must be fair and just for all Iraqis, while ensuring that resources are distributed in a way that achieves the public interest without prejudice to the rights of any party."
TNT:
Tishwash: Parliamentary Finance: The budget will be passed with integrity and fairness
Member of the Parliamentary Finance Committee, Hussein Al-Saabari, confirmed today, Tuesday, that the proposed tables in the draft budget law are under study, and it is expected that they will be finally passed.
Al-Saabari stressed in a statement to the Al-Maalouma Agency, “the necessity for the budget to be real and reflect everyone’s interests,” warning that “some amendments may benefit some parties at the expense of others, which is unacceptable.”
He explained that "the budget must be fair and just for all Iraqis, while ensuring that resources are distributed in a way that achieves the public interest without prejudice to the rights of any party."
He pointed out that "the draft budget law has not yet reached Parliament, and that the Council and its Finance Committee are ready to receive it as soon as it arrives."
It is noteworthy that the House of Representatives previously hosted Prime Minister Mohammed Shia Al-Sudani and his deputies, the Minister of Planning, the Minister of Foreign Affairs, and the Minister of Interior, where the amendments to the budget for next year 2025 were discussed . link
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Tishwash: Central Bank of Iraq launches strategic projects to support digital transformation
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Al-Alaq, announced the launch of strategic projects to support digital transformation in the country.
In a speech during the fourth annual international scientific conference, which was titled (Digital Financial Services - Challenges of Reality and Future Foresight), His Excellency the Governor stressed that "the Central Bank has paid great attention to digital transformation as one of its goals within its third strategic plan for the years from 2014 to 2026 to enhance the efficiency of banking work, improve financial performance, and meet customer needs in light of rapid technological development."
His Excellency noted that "the Central Bank has taken great steps to support digital transformation by developing the technical infrastructure and issuing regulations and instructions that contribute to enhancing financial inclusion," referring to "the start of launching strategic projects, including the instant payments project, local cards, and unified payment gateways, as well as issuing controls to license digital banks in Iraq, taking into account cybersecurity requirements and the risks associated with this transformation."
His Excellency added that "cybersecurity is one of the most important challenges facing us today, so the Central Bank has launched projects to enhance cybersecurity by developing the tools and systems of the Cybersecurity Management Center, and adopting an advanced approach to enhance the cybersecurity of the Central Bank and the banking sector."
His Excellency stressed "the Central Bank's commitment to continue its efforts to achieve financial digital transformation and enhance innovation and sustainability in the financial sector."
Central Bank of Iraq
Media Office
December 24, 2024 link
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Tishwash: What are Iraqis waiting for after the news of the "sudden suspension" of the dollar selling platform by the Central Bank?
Financial and banking expert Alaa Al-Fahd commented today, Tuesday (December 24, 2024), on the impact of the Central Bank’s suspension of the “platform” on the markets during the next stage.
Al-Fahd told Baghdad Today, "The Central Bank of Iraq worked during the previous period with a plan through a currency auction in the first phase, then establishing the electronic platform and intensive work to find correspondence methods between local banks and foreign banks with which we have commercial relations and their results in external transfers. Therefore, the bank announced some time ago that the platform will be stopped at the end of this year and there will be direct correspondent banks."
He explained that "this is a natural matter, as all central banks in the world are tasked with maintaining monetary policy, not selling currency. There is no central bank in the world that sells currency and mediates in buying and selling currency. This work is the responsibility and responsibility of banks and exchange companies. This is true and is a major challenge until the relations are direct commercial banking under the supervision of the Central Bank of Iraq."
He added, "Stopping the platform will not affect the local markets in terms of the dollar exchange rate, but there are those who are trying to spread rumors that this step will change the exchange rate, as the same dollar that the Central Bank of Iraq was selling through the platform will be sold to banks and banks that have relations with foreign banks so that the transfer is direct according to electronic transactions and monitoring, and for this reason the situation is under control and there is no fear of the impact on the markets."
Yesterday, Monday, economic expert Ziad Al-Hashemi revealed that the Central Bank of Iraq had suddenly suspended the dollar transfer platform before the scheduled date, without an official announcement, and without taking into account the interests of Iraqi companies and markets, in a move that is, to say the least, far from professionalism and transparency.
Al-Hashemi said in a post on the social networking site "Facebook", which was followed by "Baghdad Today", that "stopping the platform without an official announcement by the Central Bank may indicate that there is uncertainty and fear of the consequences of stopping the platform on the dollar exchange rates, and the lack of announcement may give the Central Bank an opportunity to evade and evade the decision to stop the platform and return to operating the platform, even temporarily, in the event that the dollar begins to rise to high rates link
Mot: When Ya Needs to do it Once a Year!!!! Siiggghhhhh
Mot: Warning!!! -- In these Final Moments!!!!
Mot: ......... The List!!!!
“Bits and Pieces” in Dinarland Tuesday Afternoon 12-24-2024
Ariel: Iraqi Dinar Update, Strategic Window
12-23-2024
Iraqi Dinar Update
I can understand why this would be the case for the Central Bank of Iraq and determine a cohesive strategy for their new exchange rate. As we know speculation can run wild once they reinstate their currency.
Releasing a new exchange rate during a period when markets are closed or less active, such as during Christmas, could indeed provide a strategic window.
Ariel: Iraqi Dinar Update, Strategic Window
12-23-2024
Iraqi Dinar Update
I can understand why this would be the case for the Central Bank of Iraq and determine a cohesive strategy for their new exchange rate. As we know speculation can run wild once they reinstate their currency.
Releasing a new exchange rate during a period when markets are closed or less active, such as during Christmas, could indeed provide a strategic window.
This timing allows for adjustments in the currency valuation without the immediate pressure or volatility that might come from active trading. This could minimize the risk of speculative attacks or undue market reactions.
Introducing the new rate just before the weekend gives the Forex markets time to adjust over a couple of days before the new week starts.
This buffer can be useful for banks, traders, and the financial systems to recalibrate without the intensity of a full trading week’s pressure right away. Will everything go according to this plan? Not sure but it does make perfect sense.
As we know others are saying they could delay it to July 2025 because of the digital transformation. Which I highly disagree with.
Because for one Starting a new fiscal year with an adjusted rate would simplify financial reporting and economic planning for businesses and government entities.
It allows for a clean slate where all financial transactions from January 1, 2025, would be based on the new rate, reducing confusion and making economic analysis more straightforward.
While full digitalization by July 2025 might be an ambitious goal, Iraq has already taken significant steps towards digital banking. The introduction of digital payment methods, mobile banking apps, and efforts to reduce cash reliance indicate a progressive move towards digital finance.
This groundwork suggests that even if full digitalization isn’t complete, substantial progress has been made, potentially sufficient to handle a currency revaluation without needing to wait until July 2025.
CryptoTrader: Last year they revalued dinar to 1310 on February 7th,Which was a Tuesday. Here is the theory. Tomorrow being Tuesday and Christmas eve they can revalue after the US markets close as all forex closes till 5 pm Christmas day. They have ample time just like Sunday and it's a perfect diversion . It will hit forex on boxing day which is Thursday .2 days of adjustments on forex and 2 days of weekend. And people can start exchange from 30th Monday which is a new moon day. Lot of financial market positive moves happen on new moon ,historically. And like Sudani promised its just 1 day before the year end.
https://dinarchronicles.com/2024/12/23/ariel-prolotario1-iraqi-dinar-update-strategic-window/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr. Sammy said with this auction stopping the value would have to be added to stop the chance of a collapse of the currency. FRANK: That's brilliant simple words but so well said. Specific manicured words that defines it exactly...This is checkmate. There is no other move.
Nader From The Mid East I feel it's very very, we are very very very very close. Very close. Like very close guys. I feel like once they stop the auctions everybody is going to be happy about it. I think it's going to be stopping on the 28th...70% to 80% [chance].
*KTFA:
Clare: Iraq suspends official work tomorrow, Wednesday
12/24/2024
The Iraqi government decided to suspend official work tomorrow, Wednesday, on the occasion of Christmas.
A brief statement received by Shafaq News Agency stated that the Council of Ministers voted to consider tomorrow, Wednesday, December 25, 2024, an official holiday, on the occasion of Christmas.
Christmas, celebrated on December 25 of each year, is considered one of the most important religious and social occasions in the Christian world. These holidays symbolize the birth of Jesus Christ and are characterized by manifestations of joy and spiritual contemplation.
In Iraq, Christmas is an important religious and social occasion celebrated by Christian sects, where prayers are held in churches amidst a spiritual atmosphere, cities are decorated with trees and lights, and celebrations reflect the values of coexistence and peace among the various components of Iraqi society. LINK
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Why Gold Will Dominate in 2025, Dollar Collapse | Alasdair Macleod
Soar financially: 12-24-2024
In "2025 - Collapse is Coming", Alasdair Macleod discusses the largest credit bubble in history, the risk of fiat currency collapse, and gold’s role as a safe haven. Learn about the debt traps facing major economies, the geopolitical challenges shaping markets, and what to expect in 2025.
Timestamps
00:00 Intro
01:16 Alasdair Macleod Introduction
02:25 Year in Review: 2024 Highlights
05:00 The Largest Credit Bubble in History
09:15 Geopolitical Shifts and Their Impact
12:47 BRICs and Currency Wars
16:10 Middle East Tensions and Implications
19:32 Central Banks Buying Gold
23:05 Economic Outlook for 2025
27:45 Impact of Rising Interest Rates
31:30 The Fed’s Debt Trap
35:10 Gold vs. Fiat Currencies
39:00 The Role of Commodities in 2025
42:20 Protecting Wealth Amid a Collapse
46:05 The Rise of Debt Traps Globally
50:20 Challenges for Western Economies
54:15 Real Money vs. Credit
57:45 Viewer Takeaways and Final Thoughts
1:00:30 Closing Remarks
“Tidbits From TNT” Tuesday 12-24-2024
TNT:
Nassif: Government reforms contributed to Iraq's exit from foreign debt risks
MP Alia Nassif confirmed on Monday that the current government has achieved important economic reforms, most notably Iraq’s exit from the dangers of foreign debt.
"One of the most important economic reforms of the current government is to free Iraq from the risks of foreign debt after paying most of it off over the past two years," Nassif said in a statement reported by the official news agency and seen by Al-Eqtisad News.
"Our economy has become more secure and not shackled by debt," she added, expressing her hope "to move in the coming period from a rentier economy to a productive economy through an agricultural industrial revolution
TNT:
Nassif: Government reforms contributed to Iraq's exit from foreign debt risks
MP Alia Nassif confirmed on Monday that the current government has achieved important economic reforms, most notably Iraq’s exit from the dangers of foreign debt.
"One of the most important economic reforms of the current government is to free Iraq from the risks of foreign debt after paying most of it off over the past two years," Nassif said in a statement reported by the official news agency and seen by Al-Eqtisad News.
"Our economy has become more secure and not shackled by debt," she added, expressing her hope "to move in the coming period from a rentier economy to a productive economy through an agricultural industrial revolution link
Tishwash: What are Iraqis waiting for after the news of the "sudden suspension" of the dollar selling platform by the Central Bank?
Financial and banking expert Alaa Al-Fahd commented today, Tuesday (December 24, 2024), on the impact of the Central Bank’s suspension of the “platform” on the markets during the next stage.
Al-Fahd told Baghdad Today, "The Central Bank of Iraq worked during the previous period with a plan through a currency auction in the first phase, then establishing the electronic platform and intensive work to find correspondence methods between local banks and foreign banks with which we have commercial relations and their results in external transfers. Therefore, the bank announced some time ago that the platform will be stopped at the end of this year and there will be direct correspondent banks."
He explained that "this is a natural matter, as all central banks in the world are tasked with maintaining monetary policy, not selling currency. There is no central bank in the world that sells currency and mediates in buying and selling currency. This work is the responsibility and responsibility of banks and exchange companies. This is true and is a major challenge until the relations are direct commercial banking under the supervision of the Central Bank of Iraq."
He added, "Stopping the platform will not affect the local markets in terms of the dollar exchange rate, but there are those who are trying to spread rumors that this step will change the exchange rate, as the same dollar that the Central Bank of Iraq was selling through the platform will be sold to banks and banks that have relations with foreign banks so that the transfer is direct according to electronic transactions and monitoring, and for this reason the situation is under control and there is no fear of the impact on the markets."
Yesterday, Monday, economic expert Ziad Al-Hashemi revealed that the Central Bank of Iraq had suddenly suspended the dollar transfer platform before the scheduled date, without an official announcement, and without taking into account the interests of Iraqi companies and markets, in a move that is, to say the least, far from professionalism and transparency.
Al-Hashemi said in a post on the social networking site "Facebook", which was followed by "Baghdad Today", that "stopping the platform without an official announcement by the Central Bank may indicate that there is uncertainty and fear of the consequences of stopping the platform on the dollar exchange rates, and the lack of announcement may give the Central Bank an opportunity to evade and evade the decision to stop the platform and return to operating the platform, even temporarily, in the event that the dollar begins to rise to high rates link
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Tishwash: Dollar Auction.. What is the truth about stopping the Central Bank’s platform for currency conversion?
A responsible source in the Central Bank of Iraq revealed, on Monday evening, the truth about stopping the Central Bank's platform for currency transfer starting today.
The source told Shafak News Agency, "The talk about the official suspension of the Central Bank's platform for the currency transfer window, on today's date 12/23/2024, is incorrect. Today, the auction worked normally and there is no official decision to suspend it so far."
The source, who requested anonymity, added, “This platform will be stopped at the end of this year, according to what the bank officially announced. This does not mean stopping transfer operations, as some are trying to promote. However, after this step, there will be direct dealings between banks and correspondent banks, and not canceling transfer operations, as is being promoted. The issue is not limited to specific banks, but rather the process will be much broader.”
The responsible source in the Central Bank stated that "many Iraqi banks have the capabilities to deal directly with correspondent banks and operate in accordance with the work of advanced global banking sectors." link
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Tishwash: Al-Sudani is considering inviting American companies to work in the port of Faw
Prime Minister Mohammed Shia Al-Sudani discussed, today, Monday, with the Ministers of Oil and Electricity, in addition to specialized advisors and a number of undersecretaries in the two ministries, extending an invitation to specialized American companies to establish a fixed gas platform in the Grand Faw Port.
Prime Minister Mohammed Shia Al-Sudani chairs a meeting on energy projects.
Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Monday, on oil and electricity sector projects, in the presence of the Ministers of Oil and Electricity, in addition to specialized advisors and a number of undersecretaries in the two ministries.
During the meeting, the gas projects that are being implemented within the government program were discussed, as well as the timetable set for their completion, especially since there is an increase in the levels of stopping the burning of associated gas, as the percentage currently stands at 67 percent, and it is hoped to reach 80 percent by the end of next year, leading to a complete cessation of burning by the end of 2027.
During the meeting, the invitation to specialized American companies to establish a fixed gas platform in the Grand Faw Port was also discussed.
The meeting discussed inviting international energy companies to invest in natural gas fields, in addition to discussing the plan to supply fuel to power plants at the present time and for the coming months. link
Mot: . That's an excellent way to look at it
Mot: .. So What Do Reindeer Dream About ---
Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-24-24
Good Morning Dinar Recaps,
RIPPLE CEO REVEALS GROWING REAL ESTATE DEMAND FOR XRP TESTING
▪️Brad Garlinghouse revealed that there has been an increase in demand for XRP not only as a payment solution within the real estate sector but also in the trade finance and insurance sectors.
▪️With the financial landscape shifting towards more efficient and secure solutions, Ripple stands at the forefront of this transformation, leveraging the advantages of XRP to enhance cross-border payment systems securely.
Good Morning Dinar Recaps,
RIPPLE CEO REVEALS GROWING REAL ESTATE DEMAND FOR XRP TESTING
▪️Brad Garlinghouse revealed that there has been an increase in demand for XRP not only as a payment solution within the real estate sector but also in the trade finance and insurance sectors.
▪️With the financial landscape shifting towards more efficient and secure solutions, Ripple stands at the forefront of this transformation, leveraging the advantages of XRP to enhance cross-border payment systems securely.
Ripple CEO Brad Garlinghouse has revealed that there is an increase in demand for XRP as a preferred payment solution within the real estate sector. Ripple is proactively working to boost the asset’s adoption, recognizing its potential in transforming transaction methodologies.
This growing interest is not only a testament to the efficacy of blockchain technology in facilitating seamless transactions but also highlights the evolving landscape of property sales and investments.
The real estate market has traditionally been bogged down by lengthy processes, high transaction costs, and a lack of transparency, making it a prime candidate for disruption.
The founder identified other industries ripe for innovation, including insurance, trade finance, and identity management, in the interview shared on X by RippleLord, a Ripple enthusiast.
Ripple’s Payment Network in Real Estate
Ripple and the real estate sector stand to mutually benefit from each other, particularly as there is a growing demand from customers for Ripple’s deeper involvement in trade finance.
Ripple’s solutions have the potential to streamline processes and enhance operational efficiency, particularly in areas like global payments and title management, where inefficiencies have long hindered the real estate industry.
At the core of Ripple’s offerings is Ripple Payments, which was previously named RippleNet and utilizes advanced blockchain technology to facilitate efficient fund transfers for institutions around the world. Brad Garlinghouse emphasized that businesses are keen to explore how Ripple’s cutting-edge solutions can improve cross-border payments and minimize transaction friction.
This need for modernization is particularly relevant today, as existing payment systems often leave users waiting weeks for transactions and facing high fees.
Ripple Payments provides a decentralized network for banks and financial institutions globally, utilizing products built on the XRP blockchain, such as xCurrent for cross-border payments and xRapid for cheap and fast transactions.
Ripple seeks to collaborate with traditional financial institutions and real estate companies rather than replace them. Garlinghouse compares Ripple’s transformative potential to the internet’s evolution, noting its ability to change various sectors, including real estate, fundamentally.
As revealed in a CNF article, XRP’s permissionless nature and its On-Demand Liquidity (ODL) feature are particularly advantageous for real estate transactions. ODL enables international payments by using XRP to facilitate more efficient cross-border transactions.
This feature also provides instantaneous settlement, enhanced reliability, and reduced transaction costs, critical elements for real estate deals that often involve multiple currencies.
Currently, Ripple Payments supports over 55 countries and connects to more than 120 fiat currencies, simplifying the management of international transactions for real estate professionals.
As XRP continues to gain recognition in the payments landscape, each unit is trading at $2.21, with a notable decrease of 2.94% in the last 24 hours. XRP’s trading volume of $ 11 billion has decreased by 9.30%, signaling a recent fall in market activity.
@ Newshounds News™
Source: Crypto News Flash
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HOW MOONPAY PLANS TO REVOLUTIONIZE CRYPTO PAYMENTS
MoonPay, a fintech company has become a major player in crypto since its launch in 2018. Led by CEO Ivan Soto Wright, the platform helps investors buy and sell cryptos as well as NFTs easily. It is like a PayPal but for cryptocurrencies. The project is capturing the spotlight as there are news about them acquiring Helio pay, a crypto payment gateway.
MoonPay Role in Crypto Space
MoonPay has launched innovative crypto payment solutions like MoonPay Balance. This is a fiat to crypto transfer tool that works seamlessly with wallets like MetaMask. Rolled out in 27 European countries last month, this feature gives users a straightforward way to interact with decentralized finance (DeFi) protocols. But the company isn’t stopping there. A potential acquisition of Helio Pay, rumored to cost $150 million, might be their next big leap.
Helio Pay Acquisition News
Helio Pay is no small name in the crypto world. The platform is like Coinbase Commerce, helping over 6,000 merchants and creators accept payments in Bitcoin, Ether, and other digital currencies. It even integrates Solana Pay into Shopify, a platform with millions of users globally. This is going to be an amazing combo as MoonPay already serves more than 20 million users in over 160 countries.
According to Eleanor Terrett from Fox Business, MoonPay is in in talks to acquire helio for about $150 million.
If this acquisition goes through, this is going to be a big thing for crypto space especially for e-commerce merchants and their users. MoonPay will get to expand its reach and e-commerce will get enhancement with its services. How great would it be if you could use crypto to buy stuff online just like using a credit card — easy and simple.
Why This Matters
This potential deal highlights MoonPay’s ambitions of making crypto transactions easier for individuals. This will reshape how businesses and users interact with cryptocurrencies. Adding Helio Pay to their portfolio would strengthen their infrastructure. This would finally bring crypto payments into the mainstream. As crypto adoption grows globally, this is the perfect time to bring such enhancements to crypto payments.
What to Expect Next
If the Helio acquisition deal is closed, this will likely spark even more innovations in the crypto payment space. The company already has a bright name because of its focus on easing the crypto payments, the new takeover will shine the name even more. It’s just a matter of time before the actual confirmation comes out.
@ Newshounds News™
Source: Coinpedia
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Thank you Dinar Recaps
News, Rumors and Opinions Tuesday AM 12-24-2024
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 Tues. 24 Dec. 2024
Compiled Tues. 24 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: On Mon. 23 Dec. there was no news about setting exchange/redemption appointments. As far as I know Tier4b needs to exchange before Jan. 1 2025 because that is the date the General Public will be notified that the World is free of the Cabal and (allegedly) on a new Financial System of The People.
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 Tues. 24 Dec. 2024
Compiled Tues. 24 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: On Mon. 23 Dec. there was no news about setting exchange/redemption appointments. As far as I know Tier4b needs to exchange before Jan. 1 2025 because that is the date the General Public will be notified that the World is free of the Cabal and (allegedly) on a new Financial System of The People.
I am convinced that the RV is coming to us very soon. Just today on Mon. 23 Dec. 2024 the Iraq Bank of International Trade opened it’s doors. That means the Kingpin of the GCR – the Iraqi Dinar – is international. Think about the implications of that.
I am taking a much needed break and this will be my last Update until after the holidays, unless, of course, Tier4b (us, the Internet Group) receives news about setting our exchange/redemption appointments. If so, I will immediately send out an Update.
I wish you all a very Merry Christmas with a glorious New Year of Freedom from the Cabal.
~~~~~~~~~~
Possible Timing:
On Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
Sun. 15 Dec. 2024: The beginning of the new Restored Republic Fiscal Year. (allegedly)
Mon. 16 Dec. 2024: Banks began (allegedly) changing over to the new financial system as the Global Currency Reset (allegedly) rolled out.
Tues. 17 Dec. 2024: XRP, RLUSD, Iraqi Dinar went public. Redemption Centers (allegedly) became fully operational. Banking Systems were (allegedly) beginning to process the new gold/ asset-backed US Treasury Note (USTN).
Wed. 18 Dec. 2024: Beginning of Global Financial Collapse. …G***o TV on Telegram Tues. 3 Dec. 2024
Mon. 23 Dec. 2024 Trade Bank of Iraq went International.
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 (allegedly) completed. People will (allegedly) begin to access their revalued currencies and debt relief programs. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
By Tues. 31 Dec. 2024, Redemption Centers will (allegedly) be open to the general public.
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Early Jan. 2025: The EBS is set to begin ten days of Communication Darkness.
Wed. 1 Jan. 2025: The R&R payments and Social Security increases will(allegedly) begin.
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 (allegedly) advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be made (allegedly) available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially(allegedly) 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
End of March 2025: The US Fiat Dollar will be(allegedly) phased out, no longer worth anything.
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Global Financial Crisis:
Mon. 23 Dec. 2024 Dow Hit With Sledgehammer: https://finance.yahoo.com/news/the-dow-gets-hit-with-a-sledgehammer–how-worried-should-you-be-133022256.html
Read full post here: https://dinarchronicles.com/2024/12/24/restored-republic-via-a-gcr-update-as-of-december-24-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The introduction of all these foreign currencies [to transact in for import/export] is the introduction of the international basket where [the dinar] will be paired and the new exchange rate will exist and grow. I'm excited because they're stopping the CBI auctions and replacing them with value for your currency to deal with other currencies that have their own value...
Jeff The second half of December was a very critical period to Iraq. Why? During the second half of December is when Iraq pauses and suspends their credit and lending practices which work off the value of the country's currency. If Iraq is going change the value of their currency, they would need to pause and suspend credit and lending practices. That's why it's important.
"Right Now, Things Are So Out Of Whack It's INSANE" - Mike Maloney
12-23-2024
Are we on the brink of a severe recession—or could the markets somehow keep soaring? In this eye-opening discussion, Mike Maloney and Alan Hibbard unveil the key data points that have signaled every modern recession without fail.
From year-over-year employment metrics to the notorious yield curve inversion, you’ll see why they believe “things are so out of whack it’s insane.”
Plus, learn about the “Blood Indicator,” a little-known composite gauge that’s flashing red, and find out why the Federal Reserve’s early rate cuts could be a sign that they see something lurking just around the corner.
What You’ll Learn:
Which employment trends pinpoint recessions with startling accuracy
Why today’s yield curve inversion is historically deep—and what it means How consumer sentiment is plunging to record lows
The “Blood Indicator” that’s never been wrong Why the Fed’s rate cuts suggest they’re bracing for impact
Whether you’re a seasoned investor or just waking up to the economic storm clouds, this is the data you can’t afford to ignore. Buckle up—something big could be around the corner.
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Kitco News: 12-23-2024
What if ending the Federal Reserve was not just a wild idea but a clear path to economic freedom? Economist Peter St. Onge of the Heritage Foundation laid out his bold vision for a world without the Fed in an interview with Jeremy Szafron, Anchor at Kitco News.
St Onge explained how dismantling the central bank could bring an end to inflation, eliminate recessions, and reinvigorate the U.S. economy.
Drawing on history, St. Onge highlighted that America thrived for 140 years without a central bank and argued that returning to a gold-backed currency is not just possible, but essential.
Licensed Counterfeiter? Fed’s Role in America’s Economic Crisis | Peter St Onge
Kitco News: 12-23-2024
What if ending the Federal Reserve was not just a wild idea but a clear path to economic freedom? Economist Peter St. Onge of the Heritage Foundation laid out his bold vision for a world without the Fed in an interview with Jeremy Szafron, Anchor at Kitco News.
St Onge explained how dismantling the central bank could bring an end to inflation, eliminate recessions, and reinvigorate the U.S. economy.
Drawing on history, St. Onge highlighted that America thrived for 140 years without a central bank and argued that returning to a gold-backed currency is not just possible, but essential.
St. Onge also tackled the broader implications of de-dollarization, the rise of Bitcoin as "digital gold," and the impact of Trump-era policies on monetary stability.
With predictions for 2025, he explored whether the U.S. is already in a recession and how alternative financial systems like Bitcoin could reshape global economies.
This interview delivers deep insights into the Fed's role in modern economics and presents a radical alternative to the status quo.
00:00 Introduction
01:03 FOMC Policy Meeting Insights
01:45 Inflation and Economic Concerns
03:21 Trump's Economic Policies and Their Impact
06:14 Recession Fears and Economic Outlook
09:40 The Argument for Ending the Fed
15:30 Legal and Practical Steps to End the Fed
17:46 The Future of the U.S. Dollar
19:27 Global Government Spending Post-COVID
19:43 The Future of the U.S. Dollar and Fiat Currencies
20:39 Gold Reserves and Fort Knox Mysteries
22:27 The Gold Standard and Historical Context
23:54 Potential Changes to the Federal Reserve
26:45 Bitcoin and Gold as Strategic Reserves
27:48 The Role of Elon Musk and DOGE in Government
29:47 Mainstream Media and Political Dynamics
34:15 Gold and Bitcoin Market Predictions
37:46 General Market Outlook and Investment Advice
39:08 Conclusion
More News, Rumors and Opinions Monday PM 12-23-2024
DJ: DID YOU KNOW?
As we watch for the GCR, consider what currency would have to look like for the concept behind the GCR to be effective. The perfect currency would exhibit attributes that ensure seamless functionality in the global economy, stability in valuation, universal acceptability, and public confidence.
Its design would integrate technological innovation, economic principles, and social trust to overcome the limitations of existing currencies.
The currency must be globally accepted to facilitate international trade and reduce the inefficiencies of currency conversion. A universal ledger system, such as a blockchain, could support this, enabling real-time, transparent transactions across borders.
DJ: DID YOU KNOW?
As we watch for the GCR, consider what currency would have to look like for the concept behind the GCR to be effective. The perfect currency would exhibit attributes that ensure seamless functionality in the global economy, stability in valuation, universal acceptability, and public confidence.
Its design would integrate technological innovation, economic principles, and social trust to overcome the limitations of existing currencies.
The currency must be globally accepted to facilitate international trade and reduce the inefficiencies of currency conversion. A universal ledger system, such as a blockchain, could support this, enabling real-time, transparent transactions across borders.
Stability would be essential to prevent inflation or deflation from disrupting economic activities. A perfect currency should be pegged to a diversified basket of assets, including commodities, equities, and global economic indicators, to mitigate fluctuations arising from localized economic issues.
Public confidence in the currency hinges on transparency, security, and governance. A decentralized system, governed by an impartial and algorithmically controlled entity rather than a single nation or private institution, would enhance trust. Advanced cryptographic measures would secure the system against fraud and cyberattacks.
This ideal currency would have to seamlessly flow through the financial system, minimizing transaction costs and delays. Digital form, supported by distributed ledger technology, would allow instantaneous settlements and efficient tracking, reducing the need for intermediaries and clearinghouses, while allowing to transact privately for personal security, but the system must also include mechanisms to prevent illicit activities.
This can be achieved through cryptographic techniques like zero-knowledge proofs. To do this the currency would have to be programmable, allowing for smart contracts to automate trade, enforce agreements, and optimize financial processes. This would lower operational costs and streamline global trade operations.
The currency would have to be able to circulate via a digital, decentralized infrastructure maintained by a network of nodes (blockchain) distributed globally. Transactions would be validated through a consensus mechanism, such as proof-of-stake, ensuring energy efficiency and scalability. Financial institutions would serve as facilitators, providing liquidity and converting existing assets into the new currency.
Currency values would have to reflect a balance of real-time economic indicators, supply and demand, and technological advancements. For global trade, this currency would eliminate exchange rate risks and reduce transaction frictions, encouraging equitable and efficient trade among nations. While the perfect currency as described could endure for many generations, 0n going adjustments would likely still be necessary to adapt to evolving societal, technological, and economic conditions.
These proposed attributes create a solid foundation for long-term sustainability. A decentralized and programmable nature would allow it to evolve without being tied to the political or economic fluctuations of any single nation or entity.
Additionally, linking its value to a diversified basket of assets reduces the risk of systemic collapse due to localized economic crises.
For the theoretical “perfect currency,” a combination of asset-backed and fiat currency principles would likely be the optimal choice.
This ideal currency could endure for generations as a cornerstone of the global economy. But its longevity would depend on its ability to adapt through ongoing refinement and innovation. Just as biological evolution allows species to survive environmental changes, a currency must evolve in response to technological, economic, and social shifts.
With a foundation designed for adaptability. A “Hybrid” type of currency seems the logical alternative. A hybrid currency that combines asset backing for stability and fiat flexibility for adaptability would be the most suitable for the described scenario. It would provide the confidence and security of tangible value while maintaining the liquidity and responsiveness needed for dynamic global trade and modern economic demands.
So while waiting for a GCR, contemplate the above scenario. If you have been watching we see most of the mechanisms above being enacted in real time. It’s like you’ve been dating for 15 years, close but not exactly ready to get engaged.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The word 'shock' is not being just used freely. It is specific to what is about to happen to [the] monetary reform. Once those auctions stop, many Iraqi citizens will start to ask more questions. It will shock most of the citizens that don't know what's going on. It will shock parliament. It will shock the international markets as it travels in a basket. That shock wave that will restructure global finances and the American dollar will be put back on top as the ruler of all currencies on this planet. Mark my words.
Yada ...the contractors received their exchanges, Iraq has removed all the corruption, ISIS, and now they have digital banking in the banks taking the control of the money out of the hands of the CBI. The amendment for the rate changes was done last weekend and the Iraqi people know the rate is changing AND the banks in Iraq are operating with the basket of currencies for international business as we speak.
Global Currency Crisis Begins As Brazil Panic Sells $17 Billion USD In Urgent Rescue
Sean Foo: 12-23-2024
Brazil's recent currency collapse is a reminder to the world - a stronger US dollar is bad for the world. As Trump escalates his tariff war on the world, we are dangerously moving towards a global currency crisis. Here's what you must know.
Timestamps & Chapters:
0:00 Brazil's Currency Crisis
2:49 Why The Collapse Happened
5:45 New Big Risk Coming!
8:33 US Dollar Wrecking Ball
10:16 Fuel For De-Dollarization
13:01 Asia's USD Shock