Coffee with MarkZ and Mr. Cottrell. 05/17/2024

PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If it’s a stream mainly about politics…I will not do notes.

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Coffee with MarkZ and Mr. Cottrell. 05/17/2024

Member: Happy Friday everyone.

MZ: Sorry about being a little late. Power outage here ane working off a laptop and batteries today.

MZ: gotta move fast today in case I lose power.

MZ: I have a real humdinger of an article to share. This tells us we will go no matter what.  They have put together this system and I was told this was always the plan to force the issue. “Escobar:De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary  Ecosysstem   “

MZ: They are creating a Universally accepted currency payment option outside the traditional ones. It is neither crypto or central banks. It is something in-between. It is based on 40% gold and 60% the BRICS countries currencies.  So if a country is wealthy in commodities they are going to be worth more.  Metals are going to be worth more

​​Mod:  Escobar:De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary  Ecosysstem   https://www.zerohedge.com/geopolitical/escobar-de-dollarization-bombshell-coming-brics-decentralized-monetary-ecosystem

MZ: They talk about how it is replacing current sysstems….and   I was told this was always the plan to have as a back up and to force the RV . This is the kill switch or the fail safe for us. So that is what they are doing…and we are watching it move forward. .

So we win….the question is “how soon?”  I just love this article

Member: So the bad guys are willing to burn down the world in order to keep power and this is the plan to stop them????   Wow

Member: sounds like we will need our gold backed USN in order to participate in the US? I wonder if the QFS will work with it?

Member: Maybe this new BRICS system is another term for the QFS????

MZ: On the banking side there are big expectations for this weekend. Many people saying this. And expecting a big announcement out of Iraq this Sunday . Hopefully this is it. We will find out Sunday or Monday. 

Member: I hope Sunday cranks this out with Iraq moving forward for their people.

Member: A guru at TNT says today… and be ready be ready be ready.

MZ: They are continuing to crack down to keep people quiet. But its very positive ecause of the sheer number they are cracking down on. And very positive on the number of people getting trained in banks on foreign currency.

MZ: Overall it’s a fantastic time to be us.

Member: I heard the End of June, UK gets their new QFS digital payment system

Mr. C Joins: 

MZ: A number of new people are asking how does this go. They are very confused about the RV and reset. .

MC: OK:  the first thing is when the golden dragon decides it is safe to release the funds-a team will arrive here comprising of the US treasury  (New treasury from RENO) , reps from the military, The Chinese families,. and they will present to me a gold certificate and the codes to be able to unlock  and initiate the RV.

MC: I send the codes to a portable satellite computer system to the New Republic Treasury and they unlock  and distribute the gold all around the world to all the signatories of the gold treaty. 

MC: Immediately 2 things occur. 1. All fiat currencies go to zero except for the time frame to exchange the currencies. and 2. All derivatives are wiped off the balance sheets of all companies and corporations around the world.

MC: The next step is automatically a global debt Jubilee which means all debts. Ben Fulford is now saying (all debt both public and private) are dissipated- gone.  That is where is starts.

MC: The reset is then in process and it happens within a couple hours. Then the changing of the values occurs . We should most likely see the markets shut down for at lleast one day and maybe 2.

MZ: Do we expect a value change and then automatically rates are 1 to 1 ? Because we are expecting some currencies to be higher than the US dollar.

MC: The values on the exchanges like dinar ect…..are per agreements and what groups you are in….I do not know that much about that. I do know its immediate and automatic. The change in values is immediate. So you won’t be waiting days or weeks to get it.

MZ: That is what I was told too. It’s immediate and they roll to a 1 to 1 after they adjust for values  differences.

MC: is will go to parity around the world 1 to 1 across the board.

Member: I always thought RV first, we exchange at the new increased rates….then reset happens when it goes to 1 to 1 parity.  Guess we shall see.

Member: Will we still have 30 days to exchange?

MZ: That is what I am still hearing.

Member: Thanks Mark and Mr. C……Hope your power comes back on Mark. ASAP

Member: have a blessed day and weekend! prayers for all who need them.

Member: A secret to happiness is letting every situation be what it is instead of what you think it should be, and then making the best of it... yungbleu

Mr. Cottrell joins the stream today. Please listen to the replay for the entire Q&A and his  information and opinions.

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=b4qf8cCENa4

The New Gold Standard: Why Gold and Silver are Winning Over Fiat Currencies: Awake-In 3D

The New Gold Standard: Why Gold and Silver are Winning Over Fiat Currencies

On May 14, 2024   By Awake-In-3D

As economic instability looms, precious metals like gold and silver present a promising refuge against fiat currency devaluation.

In This Article:

• Historic Surge in Precious Metals

• Shifts in Monetary Policy and Interest Rates

• Implications of U.S. Economic Policies

• Financial Risks and Negative Trends Driving Gold and Silver Higher

• Future Projections for Gold and Silver

It isn’t rocket science to understand that, in today’s increasingly volatile economic landscape, the value of gold and silver relative to global fiat currencies has significantly intensified. This trend will continue, if not accelerate, from here on out.

Since October 2023, these precious metals have seen dramatic increases in value, contrasting sharply with the unstable trajectory of fiat currencies.

This article explains the enduring appeal of gold and silver as robust investments, particularly as economic indicators suggest a potential decline in the value of traditional currencies.

Historic Surge in Precious Metals

Gold’s value surged from just over $1,600 in October 2023 to a remarkable $2,300 recently.

Despite a decline in physical gold holdings by Gold Depositories, Gold Funds, and Gold ETFs, and a 96% drop in coin sales from major mints, the price of gold continues its upward trajectory.

This pattern underscores a significant shift as humanity increasingly views precious metals as a safe haven amidst economic uncertainty and fiat currency debasement.

Shifts in Monetary Policy and Interest Rates

The reversal of the U.S. interest rate trend in 2020 marked the beginning of a secular uptrend, with predictions of rates exceeding 10% due to inflation pressures from growing government deficits and debt worldwide.

This scenario places traditional monetary instruments under strain, particularly as central banks face challenges in controlling interest rates amid rampant government debt issuance.

The predicted end to rate cuts further complicates the financial landscape, enhancing the appeal of gold and silver as more stable store of value and purchasing power against falling fiat currency value.

Implications of U.S. Economic Policies

The U.S. economic outlook, likened to a Ponzi scheme, predicts grave financial instability.

With the Congressional Budget Office forecasting that interest costs will surpass defense spending by 2024, reaching $1.6 trillion annually, the U.S. financial situation appears increasingly precarious.

These developments not only threaten the nation’s status as a global power but also elevate the strategic importance of investing in precious metals.

Financial Risks and Negative Trends Driving Gold and Silver Higher

1. US Federal Debt: The current US Federal Debt is around $35 trillion, with projections indicating it could rise to $100 trillion by 2034.

2. Interest Rate Trends: Predictions suggest that interest rates could exceed 10% by 2036 or earlier, reminiscent of rates in the 1970s and early 1980s but with significantly higher debt levels.

3. US Treasury and Sovereign Debt Outlook: There’s an exponential increase in the issuance of US treasuries and most sovereign debts expected, with repayment options ranging from deferral to default.

4. Financial System Stability: US banks have reported unrealized losses on bonds totaling $650 billion, which could worsen with rising interest rates, indicating systemic financial instability.

5. US Treasuries and Sovereign Bonds: The attractiveness of US treasuries and other sovereign bonds is questioned, with a near-certainty of not recovering invested money due to significant devaluation and potential default scenarios.

Future Projections for Gold and Silver

Given the profound shifts in global economic policies, the outlook for precious metals remains highly optimistic.

Historical trends and the ongoing devaluation of fiat currencies suggest that gold and silver will continue to be essential components of investment portfolios.

Countries like Russia, with significant commodity reserves, are poised to recover more swiftly from global economic disruptions, indicating a broader move towards commodity-backed value storage, away from fiat currencies.

The Bottom Line

The case for gold and silver continues to be increasingly compelling.

Their ability to act as a hedge against inflation and currency devaluation, coupled with the growing economic instability and ineffective monetary policies, positions them as prudent choices for safeguarding wealth.

As traditional currency systems face unprecedented challenges, the intrinsic value of gold and silver shines brighter than ever, promising security in our increasingly uncertain future.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-new-gold-standard-why-gold-and-silver-are-winning-over-fiat-currencies/

Iraqi Dinar Today Video Updates Late Thursday Evening 5-16-24

Iraqi Dinar Today Video Updates Late Thursday Evening 5-16-24

Floating Rate $4.25 – 4:22

WOW US Treasury Set New Rate Finally – 4:02

Chase Bank Wonderful Announcement On IQD – 4:35

Floating Rate $4.25 – 4:22

https://www.youtube.com/watch?v=T49X33pF5X4

WOW US Treasury Set New Rate Finally – 4:02

https://www.youtube.com/watch?v=mPP6FRxIIx8

Chase Bank Wonderful Announcement On IQD – 4:35

https://www.youtube.com/watch?v=3PcaFXGwwXA

News, Rumors and Opinions Friday AM 5-17-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 17 May 2024

Compiled Fri. 17 May 2024 12:01 am EST by Judy Byington

BRICS to Launch Decentralized Financial System to End US Dollar

The BRICS economic alliance is set to implement a geopolitical game-changer, as it is expected to launch a decentralized financial system to end the US dollar.

Indeed, the bloc is currently discussing the implementation of such a system with the BRICS+ Business Council, which could become official policy within the next year.

Named The Unit, the system is set to combat the growing challenges of geo-economic finance concerns.

Moreover, the system is set to implement cross-border payment solutions as well as a newly implemented international currency under the BRICS infrastructure.

Zimbabwe New Currency, The Gold Back ZiG Monetary policy statement highlights: https://t.me/USDebtClockAmerica

Structured currency to be backed by reserves and royalties.

ZWL dollar currencies are to be converted to ZiG

ZiG to circulate alongside other currencies.

Multi-currency system is to stay until 2030 as per the law.

All obligations are to be converted to ZiG.

All banks are to accept old notes for the next 21 days.

ZiG notes 1, 2, 5, 10, 20, 100 200

Paper cash isn’t going anywhere for some time like I mentioned. The people that will want to use paper will however these paper notes will have a qr code for tracking.

What I would like to point out at the very bottom of this article you will see: “The gold coins and Zimbabwe gold-backed digital token

~~~~~~~~~~

Thurs. 16 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#, 667-770-1865

On Wed. 15 May one of the top people at Wells Fargo Bank said, “It looked good for a Shotgun Start in the next two days.”

The Iraqi Dinar has been trading in Iraq and was supposed to be on the Forex soon.

Iraq paid back to the IMF an 8 billion dollar loan they received in 2003. They had to have a revalued Dinar in order to do that.

The new Dinar rates are on the ATMs in the Iraqi airports.

The new in-country Dinar rate is over $8.

18 countries’ currencies were going up in value with the GCR.

A week ago yesterday Iraq was accepted in the World Trade Organization.

A Wells Fargo Bond Paymaster said that they were going to try to release this to Tiers 3, 4a,b later tonight.

We may get the R&R (Restitution Allowances) beginning on the 4th Wed. of May, or by the end of May.

Zim Holders will get their R&R at their appointment added to their exchange totals.

Read full post here:  https://dinarchronicles.com/2024/05/17/restored-republic-via-a-gcr-update-as-of-may-17-2024/

************

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

Frank26   Question:  "Are we waiting for the United Nations to remove sanctions?"  No they're all removed.  "Are they playing catchup or is everything going according to plan?"   Everything's going ahead of plan.  They are moving a lot faster than we even expected right now.

Sandy Ingram  It is hard to believe Iraq did not have certain banking capabilities until now...We understand why my ex-husband a retired banker with the Federal Reserve Bank and his peers believed the dinar would not revalue.  It appears until Iraq updated its banking system the country could not participate in the global financial platforms...The bankers in the US never explained the reasons for their negative attitude towards the Iraqi dinar.

Iraq's Advanced Passport System & Global Trade Good News from Iraq

Edu Matrix:  5-17-2024

Iraq's Advanced Passport System & Global Trade - Iraq is Moving Forward on a Global Scale - Electronic Passport and Global Trade Route - What Turkey's Finance Minister said and information on the four countries now involved in the Development Road Project. How the project is causing an upset to the Israel and US Trade Route plans.

https://www.youtube.com/watch?v=9gHIKuN42Ag

Tariffs and Inflation Are Taxes - Ep 961

Peter Schiff:  5-17-2024

https://www.youtube.com/watch?v=RZD9IWXHOL0

Currency Insider Video Updates Late Thursday Evening 5-16-24

Currency Insider Video Updates Late Thursday Evening 5-16-24

Central Bank of Iraq groundbreaking Role Something Big – 2:46

Dinar Rate Reinstated Finally Good News – 2:34

New Exchange Rates Today Some Positive News – 1:04

 Central Bank of Iraq groundbreaking Role Something Big – 2:46

https://www.youtube.com/watch?v=-0_zb3ULovM

Dinar Rate Reinstated Finally Good News – 2:34

https://www.youtube.com/watch?v=9DNlWmfY8Mg

New Exchange Rates Today Some Positive News – 1:04

https://www.youtube.com/watch?v=WCJLU8SiwxE

Iraq Economic News and Points to Ponder Late Thursday Evening 5-16-24

Iraq Economic News and Points to Ponder Late Thursday Evening 5-16-24

The Monetary Fund: “Internal Stability Has Improved Since The New Government Took Office In October 2022.”

Reports   Washington, DC - On May 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded Article IV consultations with Iraq and considered and approved the staff assessment.

Internal stability has improved since the new government took office in October 2022, facilitating the passage of Iraq's first three-year budget, which entailed a major fiscal expansion starting in 2023, supporting a strong recovery in Iraq's non-oil economy after a contraction in 2023. 2022.

Iraq has been largely unaffected by the conflict in the region, and domestic inflation fell to 4% by the end of 2023, reflecting lower international food prices, a revaluation of the currency from February 2023, and a return to normalization of trade finance.

Continued fiscal expansion is expected to boost growth in 2024.

*Executive Council evaluation*:  Executive Directors agreed with the thrust of the staff assessment, and welcomed the strong economic recovery, low inflation, and improving domestic conditions that led to the implementation of the first-ever three-year budget.

Directors agreed that the immediate implementation of Customs and Revenue Administration reforms, full implementation of the Single Treasury Account, and strict oversight and limitation of the use of extra-budgetary funds and government guarantees are essential to support fiscal consolidation.

Directors praised the central bank's efforts to tighten monetary policy and strengthen the liquidity management framework.

Improving coordination between fiscal and monetary operations would help absorb excess liquidity and enhance monetary policy transmission.

The directors agreed that accelerating the restructuring process of large state-owned banks was essential. They support the modernization of the private banking sector, by facilitating the establishment of correspondent banking relationships, reducing regulatory uncertainties, and enhancing the efficiency and competitiveness of private banks.

Directors agreed that improving governance and combating corruption were also key, and encouraged further strengthening of the AML/CFT framework, strengthening public procurement and business systems, and addressing deficiencies in the electricity sector.

Directors welcomed renewed efforts towards accession to the World Trade Organization and encouraged the authorities to improve the coverage and timeliness of statistics.

Directors welcomed the authorities' request to establish a policy coordination instrument.

The next Article IV consultations with Iraq are expected to be held in the standard 12-month cycle.

322 views   05/16/2024 - https://economy-news.net/content.php?id=43490

Iraq Repays IMF Loans In Full

Economy |  05/16/2024   Mawazine News – Baghdad   The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, announced today, Thursday, the repayment of International Monetary Fund loans to Iraq since 2003, and while he indicated that their total did not exceed 8 billion dollars, he confirmed that they had been repaid in full.

Saleh said, according to the official agency, “Since 2003, the International Monetary Fund has provided several loans to Iraq that were aimed at supporting macroeconomic stability and implementing financial reforms. Between the years 2003 and 2021, Iraq obtained several financing programs from the International Monetary Fund, including loans.” Emergency and relatively long-term financial assistance.

He added, "In the first years after 2003, the Fund provided significant support to Iraq through various programs, including the SBA Credit Readiness Program and the Rapid Financing Instrument.

For example, in 2016, the International Monetary Fund approved an SBA Credit Readiness Program worth 5.34 Billions of dollars to support economic reforms in Iraq, and Iraq received two-thirds of the above amount, and it was paid in full within five years.”

Saleh continued, “In 2021, Iraq requested an emergency loan worth $6 billion from the International Monetary Fund, and it appears that the loan was not materialized because it was not linked to one of the Fund’s programs at the time,” noting that “methods of cooperation with the International Monetary Fund have been targeted to support government reforms.”

 And confronting the economic crises that resulted from the decline in oil prices, which were linked to fluctuations in the balance of payments and its effects on economic activity.”

He stated, “Since 2003, the value of the loans and financial aid granted by the International Monetary Fund to Iraq has amounted to several billion dollars, and their total does not exceed 7 to 8 billion dollars and has been fully repaid, with a focus when granting loans on implementing programs linked to supporting macroeconomic stability and implementing reforms.” necessary finances. https://www.mawazin.net/Details.aspx?jimare=248117

Al-Alaq: Our Procedures Using The External Transfer Platform Prevented Money Laundering Operations

Economy |  05/16/2024   Mawazine News – Baghdad   The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, stated today, Thursday, that the electronic external transfer platform prevented the use of external transfers as a means of money laundering operations.

Al-Alaq said, in a statement received by Mawazine News, “At the Arab Forum for Anti-Corruption Bodies and Financial Investigation Units in the Kingdom of Saudi Arabia, he delivered a speech about the efforts of the Central Bank of Iraq to spread financial transparency, collect information about the real beneficiary, and exchange it at the international level.”

He stressed, "The recent measures taken by the Central Bank of Iraq, represented by the use of the electronic external transfers platform, which effectively contributed to identifying the real beneficiary, and prevented the use of external transfers as a means of money laundering operations."

He pointed out that "the use of the cash sales platform contributed to the arrival of foreign currency to the real beneficiaries who are travelers or students outside Iraq, as well as other cases that need foreign currency in accordance with the law."   https://www.mawazin.net/Details.aspx?jimare=248101

Iraq Sells Nearly 300 Million Dollars At A Currency Auction

Economy News – Baghdad   On Thursday, the Central Bank of Iraq's dollar sales amounted to more than $281 million at the currency auction.

The Central Bank sold in its auction today 281 million and 134 thousand and 221 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 259 million 94 thousand and 221 dollars, an increase of 91% over cash sales amounting to 22 million and 40 thousand dollars.

The number of banks that purchased cash dollars reached 5 banks, while the number of banks that responded to requests to enhance balances abroad reached 16 banks, and the total number of exchange and brokerage companies participating in the auction was 25 companies. 113 views 05/16/2024 - https://economy-news.net/content.php?id=43486

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

Provoking Thoughts and Points to Ponder on Advice :

If you aren't rich, you should always look useful.  - Louis-Ferdinand Celine

He who can lick can bite.  - French proverb

When a man comes to me for advice, I find out the kind of advice he wants, and I give it to him. - Josh Billings

We only make a dupe of the friend whose advice we ask, for we never tell him all; and it is usually what we have left unsaid that decides our conduct.  - Diane de Poitiers

Advice is like snow; the softer it falls, the longer it dwells upon, and the deeper it sinks into, the mind.  - Samuel Taylor Coleridge

The true secret of giving advice is, after you have honestly given it, to be perfectly indifferent whether it is taken or not and never persist in trying to set people right.  - Hannah Whitall Smith

I give myself, sometimes, admirable advice, but I am incapable of taking it.  - Mary Wortley Montagu

http://famousquotesandauthors.com/topics/advice_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

KTFA Thurs. Night CC: “FRANK26….5-16-24……STORM FRONT”

KTFA

Thursday Night Conference Call

FRANK26….5-16-24……STORM FRONT

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

https://www.youtube.com/watch?v=Z0pzEEkMIgE

Iraqi Dinar Video Update Thursday Afternoon 5-16-24

Iraqi Dinar Video Update Thursday Afternoon 5-16-24

Huge Announcement 2024 – 4:06

Iraqi Dinar There Are Going To Change Today – 4:15

CBI Big Announced About IQD New Rate – 5:14

 Huge Announcement 2024 – 4:06

https://www.youtube.com/watch?v=nmfY_80bL6Y

Iraqi Dinar There Are Going To Change Today – 4:15

https://www.youtube.com/watch?v=IezOLLJC3Go

CBI Big Announced About IQD New Rate – 5:14

https://www.youtube.com/watch?v=EZ28_LDQqNE

Currency Insider Video Updates Thursday Afternoon 5-16-24

Currency Insider Video Updates Thursday Afternoon 5-16-24

Iraqi Dinar Highest Rate Done It’s Time For Cheers – 2:24

Vietnam Dong highest Exchange rates ever today - :59

Iraqi Dinar $3.60 to $3.90 After Too Long Time – 2:14

 Iraqi Dinar Highest Rate Done It’s Time For Cheers – 2:24

https://www.youtube.com/watch?v=3W3iBvC_0H0

Vietnam Dong highest Exchange rates ever today - :59

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

Iraqi Dinar $3.60 to $3.90 After Too Long Time – 2:14

https://www.youtube.com/watch?v=i6Hz1wchrLU

Goldilocks' Comments and Global Economic News Thursday Evening 5-16-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-16-24

Good evening Dinar Recaps,

Wirex chooses OpenPayd to launch embedded accounts across UK and EEA | PRN Newswire

"The partnership between the two entities aims to provide named virtual IBANs to Wirex customers across the UK and European Economic Area (EEA), aligning with Wirex's mission to offer secure payment methods to its customers.

Under this partnership, OpenPayd will issue virtual IBANs to Wirex customers in over 30 countries across the UK and EEA. These customers will gain access to the Faster Payments network in the UK and Single Euro Payments Area (SEPA) Instant payments for Euro-denominated deposits and withdrawals."

This service will be interfaced into Wirex's infrastructure using OpenPayd's single API.

Banking API is the process of integrating banking functions to a web service. It will decentralize the banking system inside the new QFS. This unique feature will allow access to third-party companies.

Wirex customers will get unique IBANs. IBAN is an International Bank Account Number. It will facilitate transfers of EUR and GBP between Wirex and bank accounts.

OpenPayd's SEPA Instant Payments transactions will occur in real-time. Here we go. The beginning stages of instant payments.    PRN Newswire

© Goldilocks

~~~~~~~~~

The integration of Digital Payment Systems, Digital Ledger Technology, and Digital Payment Sources are all in process of being interfaced onto the QFS.

The new rules and regulations to govern them are in process of becoming law by the end of June.

Europe will begin the Global Reset. It will be up to the rest of the world to follow the Regulations they are building at the present time.

The rest of the world will build around these new Banking and Market guidelines. It is a process that begins the end of June 2024.

© Goldilocks

~~~~~~~~~

The Gold Iraqi Dinar | The Economic Ninja | Youtube

~~~~~~~~~

Iraq maintains its 30th rank with the largest gold reserves | Iraqi News

"Iraq's central bank, the Central Bank of Iraq (CBI), has been buying gold since 2022 to diversify its foreign assets."

Every time Iraq buys more gold. They are adding more value to the net worth of their currency.

"When gold is set free, so are we."

© Goldilocks

~~~~~~~~~

"Due diligence procedures in inquiring about customers of exchange companies category (A, B) and brokerage companies that buy and sell foreign currencies."

Brokerage companies that buy and sell foreign currencies with Iraq and their new registered A&B categorization of the Iraqi Dinar have been given due diligence procedures.

Due diligence procedures include information gathered about the clients who are participating in an exchange.   It includes background checks, risk assessments, and more.  CBI   Investopedia   Signicat

© Goldilocks

~~~~~~~~~

Mastercard executes first tokenized deposit transactions with StanChart subsidiaries - Ledger Insights 

Mastercard has executed its first live test of the Mastercard Multi-Token Network

() (MTN) involving tokenized deposits and tokenized assets in collaboration with Standard Chartered Bank Hong Kong (SCBHK) and subsidiaries. Mastercard introduced MTN in mid-2023.

This proof of concept was completed as part of the Hong Kong Fintech Supervisory Sandbox. It involved a client of Standard Chartered’s Hong Kong digital bank, Mox Bank, buying a carbon credit.

 Mox requested SCBHK to tokenize the carbon credit, a task executed by Libeara, the tokenization platform incubated by Standard Chartered’s SC Ventures. Mastercard’s MTN was used to tokenize the deposit and execute an atomic swap between the tokenized deposit and the carbon credit. Ultimately the Mox client received the tokenized carbon credit in their wallet.

~~~~~~~~~

Financial Services and Markets Act 2022 | Monetary Authority of Singapore

~~~~~~~~~

Escobar: De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary Ecosystem | ZeroHedge

~~~~~~~~~

BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-Border Payments | Fintech Singapore

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement.

The project aims to explore how tokenization can improve wholesale cross-border payments. Private sector financial institutions are encouraged to apply for participation in Project Agorá and the application window is open until 31 May 2024.

Project Agorá involves seven central banks, including the Bank of France (Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England, and the Federal Reserve Bank of New York.

The initiative will build on the unified ledger concept proposed by BIS, aiming to integrate tokenized commercial bank deposits with tokenized wholesale central bank money.

~~~~~~~~~

The Rise of Tokenised Economy: Unified Ledger, RLN, RSN & More..| Linkedin

In simple terms, a unified ledger could be considered a “common venue” where money and other tokenized objects come together to enable seamless integration of transactions and open the door to entirely new types of economic arrangement.   3 days ago

EU wholesale DLT settlement trials start - Ledger Insights - blockchain for enterprise | Ledger Insights 

Yesterday, the Oesterreichische Nationalbank participated in the first trial of wholesale DLT settlement transactions as part of the Eurosystem experiments.

As reported last month,  16 institutions were onboarded to participate in the first wave of DLT trials, which use real central bank money. In addition, there are experiments involving simulations.

The Oesterreichische National bank example was a simulation involving the tokenization and simulated settlement of government bonds against central bank money – a delivery versus payment (DvP) transaction.

The ECB says upcoming trials and experiments will include
DvP transactions in primary and secondary markets securities lifecycle management automated wholesale payments, and payment-versus-payment transactions.

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Ripple’s Latest Move Bolsters It As A Digital Asset Custody Provider | Mitrade

Ripple is transitioning into a full-service digital asset custody provider, following its acquisition of Metaco, a Swiss-based leader in the sector, for $250 million in May 2023. This development represents a significant expansion of the fintech’s capabilities into the institutional crypto custody market—a segment that is expected to experience substantial growth over the next decade.

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Bankster Boss Christine Lagarde Reveals Plan for Europe’s GREAT RESET | Awake in 3D

“A hotter climate and the degradation of natural capital are forcing change in our economy and financial system. We must understand and keep up with this change to continue to fulfill our mandate.”
Christine Lagarde, President European Central Bank

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I hope the above information gives you a more detailed understanding of what is taking place this month.

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JUST IN: 🇺🇸 Senator Cynthia Lummis calls for Senate approval on bill allowing highly regulated financial firms to hold Bitcoin and crypto.   https://t.me/c/1545617426/78718

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DTCC, Chainlink Complete Pilot to Accelerate Fund Tokenization with JPMorgan, Templeton, BNY Mellon Participating | Coindesk

The Depository Trust and Clearing Corporation (DTCC), the world’s largest securities settlement system, completed a pilot project with blockchain oracle Chainlink (LINK) and multiple major U.S. financial institutions, aiming to help accelerate the tokenization of funds, according to a Thursday report published by DTCC.

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Find information in faster & easier ways with AI Overviews in Google Search - Google Search Help

AI Overview
Learn more…  Opens in new tab
Yes, due diligence is part of a foreign currency exchange. The Bank Secrecy Act (BSA) regulatory requirements for due diligence programs for foreign financial institutions include detecting and reporting money laundering and any potential suspicious activity. 

The goal of section 312 of the USA PATRIOT Act is to help prevent money laundering through accounts that give foreign financial institutions a base for moving funds through the U.S. financial system. U.S. financial institutions covered by the final rule must establish a due diligence program that includes appropriate, specific, risks.

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Iraq repays IMF loans in full | Search 4 Dinar

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U.S. Senate Votes to Kill SEC's Crypto Accounting Policy, Testing Biden's Veto Threat | Coindesk

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Economist’s “News and Views” Thursday 5-16-2024

Central Banks Are Quietly Hoarding More Gold Than Ever, This Is Why – Joe Cavatoni

Kitco News:  5-16-2024

Jeremy Szafron, Anchor at Kitco News, interviews Joe Cavatoni, Senior Market Strategist for the Americas at the World Gold Council. Cavatoni provides an in-depth analysis of the gold market in 2024, detailing central banks' strategic accumulation of gold to hedge against economic and geopolitical risks.

 He explains the significant increase in gold reserves by developing economies and the role of gold as a liquid shock absorber.

Cavatoni discusses the dynamic shift in gold investment between Eastern and Western markets, highlighting the surge in demand from China and India.

He also covers technological advancements in gold tracking with blockchain, the impact of inflation and interest rates on gold prices, and the future outlook for gold driven by geopolitical tensions and economic data, concluding with insights into the sustained high demand for gold and its implications for global economic stability.

https://www.youtube.com/watch?v=3t2QEpDXRBE

LIVE! China Is DUMPING RECORD AMOUNTS OF US DEBT... Import Prices SKYROCKET.

Greg Mannarino:  5-16-2024

https://www.youtube.com/watch?v=7jn8JHyyEMM

Banking System On Verge Of Collapsing? Here's How Many Banks At Risk Of Failing | Brian Graham

David Lin:  5-16-2024

Brian Graham, Partner at Klaros Group, discusses the risks that the banking sector faces.

0:00 – Intro

 1:13 - How many banks are stressed?

4:05 - Stress tests on banks

7:15 - Capital requirements

11:15 - Bank mergers

19:22 - Commercial real estate

25:30 - Interest rate outlook

https://www.youtube.com/watch?v=fZjRJJ4rb-E