Economist’s “News and Views” Tuesday 7-30-2024

West Panic: Italy’s Meloni In Beijing For Desperate Reset, Russia Drops Major BRICS Update

Sean Foo:  7-30-2024

After breaking away from China's Belt & Road, Italy's Meloni is in Beijing to reset economic relations.

 Rome follows more G7 countries trying to tilt towards China to hedge themselves against an unpredictable US election.

Meanwhile, Russia has dropped a big update. A major South-East Asian economy could be joining BRICS very soon.

Timestamps & Chapters:

 0:00 Italy Running Back To China

2:42 Meloni Wants Chinese Investments

6:15 Russia Drops BRICS Bombshell

7:45 Sponsor: Indigo Precious Metals

 9:10 China Winning Over Asia

10:42 Malaysia's Ambition Needs BRICS

13:38 World Order Shifting East

https://www.youtube.com/watch?v=GGNjV-3IxSw

35 TRILLION DEBT WALL: Historic National Debt Surges, US Pays $2.4 Billion in Interest Daily

Lena Petrova:  7-30-2024

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

WARNING: Banks May Not Survive This (what the experts aren’t telling you)

Taylor Kenny:  7-30-2024

New data reveals unprecedented levels of lending to banks, suggesting an alarming fragility within the sector. Despite reassurances of stability, the sudden surge in bank term funding and credit lending signals deep underlying issues.

As experts warn of a looming financial meltdown, the urgency to protect personal wealth has never been more critical.

Stay tuned as Taylor Kenney uncovers the stark realities facing our banking system.

https://www.youtube.com/watch?v=LTVbxHn0M9s

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 7-30-24

Good Afternoon Dinar Recaps,

USDT= TETHER'S STABLECOIN IS THE BIGGEST CRYPTOCURRENCY BEHIND BITCOIN IN  EAST ASIA

"There’s arguably nothing special about Tether in itself, not least because the stablecoin still hasn’t undergone a full audit. However, it has become a lifeline in parts of the world where trading crypto with fiat currencies is either prohibited or very difficult, whereas it remains marginal in markets such as the United States."

"Tether may be viewed with a mixture of suspicion and bemusement in the West, but in East Asia it is the biggest cryptocurrency after Bitcoin."

"According to Chainalysis’ 2020 Geography of Cryptocurrency Report, STABLECOINS account for 33% of all value traded on-chain in East Asia, as opposed to 21% or Western Europe and 17% for North America. And of the STABLECOINS traded in East Asia, 93% of the traded value comes from Tether."

"This is big, and pretty much all of this outflow comes from China. As the table below indicates, Chinese traders exclusively use Tether to trade with Bitcoin, while traders in Japan and South Korea predominantly use their respective national currencies."

@ Newshounds News™

Read more:  Crypto Advantage

~~~~~~~~~

UK joins ‘E-Commerce Joint Initiative’ to promote digitalization of customs documents and processes

The agreement, known as the E-Commerce Joint Initiative, was finalized on July 26, 2024, after five years of negotiations involving 90 countries, aiming to eliminate customs duties on digital content

▪️ The agreement eliminates customs duties on digital content, lowering costs for UK businesses

▪️ It mandates the adoption of digital customs systems and e-documents, potentially increasing UK GDP by up to £24.2 billion

▪️ The initiative also introduces legal safeguards against online fraud, enhancing consumer protection.

The UK has joined a groundbreaking global digital trade agreement, the first of its kind negotiated under the World Trade Organization (WTO).

The agreement, known as the E-Commerce Joint Initiative, was finalized on July 26, 2024, after five years of negotiations involving 90 countries.

This initiative aims to modernize international trade by promoting the digitalization of customs documents and processes, and is expected to significantly benefit the UK economy.

Digitalisation of customs documents and processes
The E-Commerce Joint Initiative focuses on creating a more efficient and secure global trade environment.

By committing to the digitalization of customs documents and processes, the agreement seeks to replace outdated paper-based systems.

This transition is expected to save time and reduce costs for businesses by eliminating the need for physical signatures and the physical exchange of documents.

The Organization for Economic Co-operation and Development (OECD) estimates the value of global digital trade at around £4 trillion and growing.

The UK’s involvement in this agreement could see a significant economic boost.

According to the UK government’s analysis, adopting advanced digital trading systems could increase the UK’s GDP by up to £24.2 billion, based on 2023 GDP figures.

The agreement also aims to protect consumers from online fraud and misleading product claims.

By establishing a common set of rules, it helps create a safer environment for digital transactions.

For UK businesses, particularly those in financial services, the adoption of e-documents and e-signatures will simplify international transactions, reducing reliance on paper contracts and manual processes.

@ Newshounds News™

Read more:  Trade Finance Global  

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WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce

With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday (July 26) — with participants agreeing to a two-year extension of a moratorium on taxation of cross-border electronic transmissions — mitigating the fragmentation that businesses face when transacting internationally is top of mind for global enterprises.

The 91 WTO members participating in the discussions account for over 90% of global trade, and the joint statement’s co-conveners, Australia, Japan and Singapore, were able to pass an agreement banning the imposition of “customs duties on electronic transmissions between a person of one Party and a person of another Party.”

Role of Standardization

Crucially, within the text of the WTO agreement, are the hints of a slow-but-sure reimagining of cross-border commerce’s digital transformation — both around international e-invoicing and paperless global trade.

“The Parties recognize that electronic invoicing frameworks can help improve the cost effectiveness, efficiency, accuracy, and reliability of electronic commerce transactions.

As PYMNTS has covered, the move toward e-invoicing is not merely about converting a paper invoice into a digital format; it’s about reimagining the entire business-to-business (B2B) invoicing process to be more streamlined and better integrated into digital business ecosystems.

The workflow transformation promises to reduce errors, lower costs, and speed up B2B payment processes, offering benefits to companies of all sizes.

Already, more than 80 countries have put in place a mandate for e-invoicing or continuous transaction control (CTC) requirements as governments around the world look to prioritize tax reform and real-time reporting.

PYMNTS Intelligence data has found that nearly half (45%) of small and medium-sized businesses (SMBs) cited manual invoice review as a problem when making payments, with 19% saying it was their top issue.

“With a view to creating a paperless border environment for trade in goods, the Parties recognize the importance of eliminating paper forms and documents required for importation, exportation, or transit of goods …

Cross-border payments often involve multiple intermediaries, resulting in high fees and long processing times.

“If you do a $10 transaction today, you’ll probably spend a very significant part of that $10 as fees. And we need to get to a point where that base fee is something that you don’t have to think about, so that you can do low-value transactions at scale — that could change the landscape of cross-border payments,” Ram Sundaram, COO at TerraPay, explained to PYMNTS.

@ Newshounds News™

Read more:  PTMNTS  

~~~~~~~~~

RICS Summit 2024

Russia will hold the BRICS Summit in Kazan from October 22 to 24, 2024.

During its BRICS presidency this year, Russia has said it will focus on "promoting the entire range of partnership and cooperation within the framework of the association on three key tracks – politics and security, the economy and finance, and cultural and humanitarian ties."

@ Newshounds News™

Read more:   Uniting to Combat NTDs   

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Their Worst Financial Blunders That Still Haunt Them To This Day

People Are Sharing Their Worst Financial Blunders That Still Haunt Them To This Day, And I Really, Really, Reeaaaally Feel Their Pain

BuzzFeed   Mon, July 29, 2024

Reddit user Dira_Jo asked the community, "What do you consider the worst financial decision of your life?" People swiftly took to the comments to share the money mistakes that still haunt them years later. Here's what people revealed:

1."Not contributing the max amount into my 401k. I worked at that company for 27 years and could’ve retired long ago."—u/parrothead_69

2."Being a tobacco user. I've told all my friends younger than me, as well as my kids, never to start using tobacco or Nicotine products. I started at 18 and am almost 45 now. I've quit a few times for a while, but a ton of stress at work and other things brought me back.

I've spent too much time and money both using, trying to quit, and dealing with ridiculous price increases and taxes that are supposed to help deter but really just squeeze more from us addicts."

"I have lived the rest of my life very responsibly, living within my means. I bought a home and then sold it once my family grew to purchase a bigger house while the market was still decent here and interest rates were low. I've invested the max in my 401k. I buy used vehicles and pay them off as soon as possible. The wasted money comes from something I know is bad for my health in the long term.

I have to admit, I have little control over it, although I keep trying. It sucks. So, any of you younger folks here, take it from me. It may seem fun, cool, or relaxing as a teen or young adult, but do yourself a favor for both your wallet and health and stay away from dipping, smoking, vaping, etc."—u/BigSarge79

3."Loaning money to friends. Or anything of financial value, for that matter. To this day, I will not loan so much as a penny without some kind of leverage against the person to pay me back. That saying about loaning people money is true. If you're going to loan money to somebody, you should do it assuming you won't get paid back. That has happened to me every single time. I will never loan money or things of monetary value ever again."—u/Busy_Ad2627

4."Letting my dental insurance lapse. I had the same plan for years, plan options changed, and I forgot to update to the new plan. I got my first cavities and root canals a few months later, and it cost thousands rather than hundreds."—u/AurelianoTampa

5."I was short on rent by $500 in 2013, so I sold 16 Bitcoins to cover the difference. Those coins are worth over a million dollars today."—u/Discokruse

6."My first trip to college. I racked up $56k in debt, and I dropped out. The cost of campus housing was more than the tuition, and the program was garbage. The school later lost its accreditation and went out of business. Students with federal loans had their balances discharged, but mine were private. I wish I had done some serious soul-searching at the time and thought longer about my goals and career path, but live and learn."—u/dackdeegan

7."My children. They're the best emotional decision ever, but the tiny accountant in my head reminds me every time I book a hotel or buy plane tickets for a holiday how much nicer of a holiday I could afford if we'd stopped at one. Don't even get me started on how much it costs to eat at a restaurant for a family of six, especially now my oldest thinks she's too grown up for the kids' menu."—u/Due-Criticism9

https://www.yahoo.com/finance/news/people-sharing-worst-financial-blunders-031602188.html

Breaking Down the Coming Debt Crisis - Five Undeniable Truths About Money

Kevin Freeman: Breaking Down the Coming Debt Crisis - Five Undeniable Truths About Money

Palisades Gold Radio:  7-29-2024

Tom Bodrovics invites Kevin Freeman to the show. Kevin is a Co-Founder of the NSIC, Host of The Economic War Room, Bestselling Author and Expert on Economic Warfare.

 Kevin shares his passion for restoring a monetary system based on gold and silver, known as 'pirate money.' He argues that historically, societies have recognized gold and silver as money until recently when they began treating them as commodities or investments.

 Kevin then delves into economic warfare, explaining it as the use of economic means to undermine adversaries or enemies. He emphasizes its significance in today's world where economic power is wielded aggressively and sometimes arrogantly by both foreign and domestic enemies.

 He believes that elites aim to enslave economically through dependency on them.

The conversation then turns to the unsustainability of the debt-based monetary system, which Kevin sees as a form of enslavement due to the constant need to pay off debts.

He presents five truths about America's current situation, starting with its unsustainable debt path. With federal debt at $35 trillion and rapidly growing, the interest alone costs between $1.4 to $1.75 trillion annually, nearly equal to half of all personal income tax receipts in the U.S.

Furthermore, Kevin explains the structure of the U.S. national debt, particularly its short maturities leading to substantial increases in interest payments despite potential lower interest rates.

 He criticizes both the Trump and Biden administrations for missing opportunities to issue longer-term debt during near-zero rate periods.

 Mr. Freeman expresses concerns about the U.S.'s role as the issuer of the world's reserve currency and its use in economic wars. The potential danger lies in nations forming alternative trading blocks and removing the dollar's reserve status, which could weaken the U.S. economy significantly.

 He also discusses the historical precedent of using debt to influence foreign policy and inflation's disproportionate impact on the poor, leading to wealth disparity and potential social unrest.

The conversation then touches upon the potential weaponization of currencies by governments, specifically central bank digital currencies (CBDCs), which offer governments control over how their currency is used.

Kevin advocates for the use of gold and silver as legal tender to maintain purchasing power and avoid potential taxation like fiat currency. REDACTED Kevin concludes by advocating for a pirate money solution involving individuals holding their money in gold and silver at the state level, which cannot be interfered with by federal authorities based on court cases supporting real money.

 He encourages spreading awareness about the problem and solution.

Time Stamp References:

 0:00 – Introduction

 0:53 - Pirate Money

 3:18 - Economic Warfare

7:40 - Debt Enslavement

11:49 - Debt Unsustainability

 13:57 - Bonds & Long Term Debt

 16:34 - Borrowing Vs. Printing

17:54 - Debt Servicing & Spending

 20:13 - BRICS Vs. the Dollar

 24:00 - Dollar Weaponization

 28:34 - Inflation & Wealth Gap

33:39 - Fed's Purpose & Tool

38:19 - Exporting Inflation

43:15 - Inflation & CBDCs

 50:50 - Metals Legal Tender?

56:48 - Currency Solutions

1:02:48 - Wrap Up

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

Financial Apocalypse: U.S. Debt Reaches Mind-blowing $35 Trillion

Financial Apocalypse: U.S. Debt Reaches Mind-blowing $35 Trillion

On July 29, 2024 By Awake-In-3D

We Are Heading for an Economic Collapse at Warp Speed as Alarming Facts are Revealed

In This Article:

• The Dire State of U.S. National Debt

• Catastrophic Economic Implications

• Root Causes of the Explosive Debt Growth

The United States has reached a critical and alarming milestone: a national debt of $35 trillion.

This colossal figure not only breaks records but also signals an impending economic catastrophe.

VISUALIZING HOW LARGE $1 TRILLION DOLLARS ACTUALLY IS. Source: TheCalculatorSite.com

The Dire State of U.S. National Debt

The gross national debt of the United States has now soared past $35 trillion, a number that is almost unfathomable.

House Budget Committee Chairman Jodey Arrington (R-TX) expressed grave concern, noting the debt equates to $104,497 per person, $266,275 per household, and $483,889 per child.

In just one year, the debt has ballooned by $2.35 trillion, averaging $196 billion in new debt every month.

Catastrophic Economic Implications

This unprecedented level of debt spells disaster for the U.S. economy.

It threatens to drive up interest rates, reduce national savings, and compromise national security. The federal debt includes both public and intragovernmental holdings, placing an enormous burden on future generations.

ANOTHER WAY TO VISUALIZE JUST HOW LARGE $1 TRILLION ACTUALLY IS. Source: The Visual Capitalist

Root Causes of the Explosive Debt Growth

The potential for higher taxes and severe currency debasement looms large as the debt spirals out of control.

The rapid escalation of the national debt is attributable to several factors, with the government’s irresponsible response to the COVID-19 outbreak playing a significant role due to massive welfare spending.

However, the path to this fiscal abyss began long before the that, fueled by structural issues such as unsustainable entitlement programs, out-of-control government spending, and impotent economic policies that fail to generate sustainable tax revenues.

The Bottom Line

The U.S. national debt exceeding $35 trillion is not just a number—it’s a harbinger of economic disaster.

The enormity and implications of this debt demand urgent and decisive action.

Without immediate intervention, the United States faces a future marked by financial instability, higher taxes, and severe austerity measures.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

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“Tidbits From TNT” Tuesday 7-30-2024

TNT:

Tishwash:   UrgentAl-Sudani visits Tehran today

Prime Minister Mohammed Shia Al-Sudani will visit today, Tuesday, to participate in the swearing-in ceremony of the new Iranian President, Masoud Pezeshkian, which will take place in the Islamic Shura Council {Parliament}.

Foreign delegations will continue to arrive in Tehran from yesterday until the remaining hours of the swearing-in ceremony of the ninth Iranian president.

It is worth noting that the implementation ceremony of President Masoud Pezeshkian’s decree was held the day before yesterday, Sunday, and the text of the fourteenth presidential decree was delivered to the president-elect by the Leader of the Islamic Revolution in Iran.

According to Article 121 of the Iranian Constitution, the President of the Republic must take the constitutional oath before the Glorious Word of God and in the presence of members of Parliament, members of the Guardian Council, and the head of the judiciary in the Islamic Consultative Assembly.

The swearing-in ceremony of President Masoud Pezeshkian will be held in the Islamic Consultative Assembly on Tuesday evening, and according to Alireza Sharifi, the executive deputy of the parliament, more than 70 foreign delegations from different countries will participate in this ceremony.   link

Tishwash:  In the presence of Al-Sudani.. 3 files bring the framework together at the nightly negotiating table

The Coordination Framework, which includes the Shiite forces forming the government of Mohammed Shia al-Sudani, is scheduled to hold an important meeting on Monday evening, with the attendance of all its leaders, in addition to the Prime Minister.

A leader in the framework told Shafaq News Agency, "The Coordination Framework will hold a meeting in an hour from now, in the presence of its leadership and the Prime Minister, to discuss a number of important topics and issues on the political scene."

The leader added, "The meeting of the framework leaders will discuss the issue of   the position of the Speaker of the House of Representatives and agree to set a record date for holding the session to elect the president."

He explained that "the meeting will also discuss the file of forming local governments in the provinces of Diyala and Kirkuk, in addition to discussing with Al-Sudani the file of the Turkish incursion into Iraqi territory."

Despite the passage of more than 8 months, the Sunni political forces have not succeeded in agreeing on an alternative candidate for Parliament Speaker Mohammed al-Halbousi .

The parliament failed five times in a row to resolve the issue, in light of the division between the political parties in supporting one of the candidates for the position, namely Mahmoud Al-Mashhadani, the candidate of the Progress Party, and Salem Al-Issawi, the candidate of the Sunni parties (Sovereignty and the Azm and Al-Hasm alliances), who obtained the majority of votes during the last parliament session .

A few days ago, the Azm Alliance, led by Muthanna al-Samarrai, warned the Shiite forces against continuing to obstruct the election of the Parliament Speaker .

The leader of the coalition, Haider Al-Mulla, told Shafaq News Agency, "The talk about achieving a Sunni-Sunni consensus is an attempt to obstruct the election of the Speaker of the Council of Representatives. Throughout the life of the political process in Iraq, there has been no consensus or agreement on choosing any of the three presidencies."  link

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

Tishwash:  Article 140 raises controversy again.. Calls to delay its implementation and take into account the “sensitivity of the situation”

 MP Mudhar Al-Karwi called, today, Monday (July 29, 2024), to delay the implementation of Article 140 in 38 villages in eastern Iraq, stressing that  the sensitivity of the situation must be taken into account .

Al-Karwi said in an interview with Baghdad Today, "The Committee for the Implementation of Article 140 recently issued a decision regarding agricultural contracts in 38 villages located within the vicinity of Khanaqin District in Diyala Governorate. This is a sensitive issue and requires flexible procedures because hundreds of farmers have official contracts that extend for decades."

Al-Karwi called on the Prime Minister to “issue an order to delay the implementation of the decision of the Committee for the Implementation of Article 140 and to give an opportunity to review the contracts in the villages covered by a higher committee affiliated with the Ministry of Agriculture and the rest of the parties to avoid any injustice or unfairness that affects Arab farmers. The sensitivity of the situation must be taken into account and the matter must be done according to fair and just principles to avoid any confusion.”

He pointed out that "waiting is the most appropriate thing at the moment and agreeing on specific procedures that will lead to achieving justice and fairness for all parties and that no farmer will be wronged, especially since the residents of these villages have been living there for decades."

It is noteworthy that the Article 140 Implementation Committee, headed by Hadi al-Amiri, recently issued a decision regarding agricultural contracts in the villages of Khanaqin and returning them to Kurdish farmers.  link

Tishwash:  Government Advisor: Adopting budget schedules has become a reality and does not affect financial obligations

 The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Tuesday, that the budget schedules have become a reality, and issuing instructions is a procedural matter that does not affect financial obligations.

Saleh said, in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the legal basis for the current fiscal year 2024 is something that has been legislated and approved primarily, based on the provisions of the federal general budget for the years 2023, 2025, 2024 issued by Law No. 13 of 2023, which was published on June 26, 2023 in the Official Gazette."

He explained that "what is stipulated in Article Two/77 of the law includes the executive authority submitting the financial tables for the two fiscal years 2024, 2025 to enable the House of Representatives to approve them sequentially," noting that "this was achieved in the fiscal year 2024." He
pointed out that "the three-year federal general budget was implemented for the first time in the country, which was based in its approval on one of the articles included in the provisions of the Federal Financial Management Law No. 6 of 2019, as amended, which authorized the work of a financial plan consisting of a general budget for three fiscal years."

He added that "the legal options available to implement the provisions of the federal general budget have become more flexible for the federal financial authority, in addition to the availability of the federal financial management law itself, which allows financial transactions even if any approval of the general budget formalities is delayed in principle, especially allowing continued spending or disbursement on investment projects approved in the three-year general budget as ongoing projects, as well as operational spending, or any financial transactions stipulated in the three-year general budget law."

He added, "Despite this, the adoption of the financial tables for the current fiscal year 2024, which were approved by the House of Representatives earlier this year, has become a reality, and issuing instructions for their implementation is a procedural matter that does not affect the obligations of the fiscal year itself, as these instructions are in all cases consistent with the emerging financial transactions when issued."

He added that "the Ministry of Finance had announced earlier this month the issuance of financial bonds (achievement bond) as a source of financing for the budget by borrowing from the local financial market worth 1.5 trillion dinars," stressing that "spending on operating expenses such as salaries, pensions, social care, debt services, and others is ongoing, in addition to the continued financing of ongoing investment projects and those under implementation."

He pointed out that "all of these activities are financial activities in which spending has not stopped, which is consistent with the legal work rules that came with the three-year federal general budget, with high flexibility, transparency, and governance."

He noted that "the instructions for implementing the general budget schedules for the fiscal year 2024 will touch upon some of the developments and partial financial transactions that have been newly created or adapted, and not the faculties of public finance, and that the financial activity in the country with its three pillars: revenues, expenditures, and deficit management is proceeding in a consistent and harmonious manner and in accordance with the objectives of the three-year general budget law, and that the executive and legislative authorities are in continuous communication and high coordination to ensure the achievement of public interests without interruption   link

Mot: . Happy Tuesday everyone

Mot: .... Nuttning Better -- HUH!!!! 

“Coffee With MarkZ” Tuesday Morning Chat 7-30-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

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

Member: Morning Patriots. Hope everyone has a great day today!

Member: Hello fellow RV’ers……may this be the week we have been waiting for

Member: I think the good guys are finally getting things done!

MZ: RV news has been quiet after a very busy weekend from Iraq.

MZ: Nothing on HCL yet …but our last update yesterday  is it looks like it will go within days.

MZ: Bond folks have just disappeared.  I have been trying to get something out of them…but go straight to voicemail… I take it as good news.

Member: If I signed an NDA and would lose my funds if I talked……I would avoid you too Mark…lol….just saying….

Member: I wonder- Are the bond holders being pain in Fiat currency??

MZ: Some groups I am familiar with have suddenly started doing some humanitarian work. I believe something is moving and something is happening.

Member: Didn’t bond folks go to Las Vegas to redeem?

MZ: I havnt found anybody on the bond side that goes to Vegas. A lot of bonds are being handled in Europe….in Columbia, In Brazil, in Asia

Member: And of course in Reno.

Member: Wasn't Iraq supposed to release lower denominations in July?

Member: When has Iraq ever done anything when they said they would????  Never.

MZ: “US National Debt hits 35 Trillion” I believe this year alone we have already added $2.5 Trillion in debt. A full third of our national debt has been added in the last 4 years. This is unsustainable and will cause a crash.

Member: The Debt goes up 1 trillion every 100 days. Can't go on forever.

MZ: For all of those who are convinced they can keep kicking the can –fiscally speaking…..History tells us it will crash. Fundamentals always win the day. Fundamentals are telling us it will reset.

Member: Voltaire: Fiat always returns to its intrinsic value of zero.

MZ: And its “Any Moment” at this point.

MZ: “ From  one of my favorite investors- Harris Cooperman:    “We are positioned for a Financial and Economic Crisis”   Some of the leading economists are preparing for it…..It’s not just us crazy internet gurus talking about this….Many worldwide are talking about the need for a reset….an impending gold backed reset with gold backed currency….Nations around the world ….and the BRICS countries are collecting gold for this. ……

Member: Mark any opinions of the Fed holding Iraq hostage with Bank Sanctions

Member: Mark Vietnam passing law to use only digital currency will that affect us

Member: Do you see JP Morgan Chase going bankrupt kicking this off?

Member: In July's fading sun, dreams wane, RV's promise drifts, a fleeting flame. Hours slip like sand through hands, Hopes and plans, a thinning strand

Member: Or hope burns eternal

Member: In a world of chaos, find your light, Amid the madness, shine so bright. Hope blooms in the darkest hours, Strength within, a wellspring of power. Keep your dreams close, let them soar.

Member: This world needs a miracle.

Member: Thanks to all…have a wonderful day.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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/

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

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 7-30-24

Good Morning Dinar Recaps,

EU and Singapore finalise Digital Trade Agreement

The European Union (EU) and Singapore have successfully concluded negotiations for a landmark Digital Trade Agreement (DTA), an initiative aimed at setting global standards for digital trade and cross-border data flows.

On 25 July 2024, the European Union (EU) and Singapore successfully concluded negotiations for a landmark Digital Trade Agreement (DTA), an initiative aimed at setting global standards for digital trade and cross-border data flows.

This agreement, the first of its kind for the EU, complements the existing 2019 EU-Singapore Free Trade Agreement (EUSFTA) and shows deepening economic relations between the two regions.

The DTA is designed to facilitate digitally-enabled trade in goods and services, ensuring that data flows across borders without unjustified barriers.

It provides a framework that guarantees consumer trust, predictability, and legal certainty for businesses, especially small and medium-sized enterprises (SMEs).

This agreement also includes rules on spam and cybersecurity, reinforcing the EU and Singapore’s commitment to a secure digital environment (Trade) (EURAXESS).

European Commission Executive Vice-President Valdis Dombrovskis and Singapore’s Minister-in-charge of Trade Relations Grace Fu announced the conclusion of the negotiations, highlighting the agreement’s importance.

They emphasised that the DTA not only reflects the growing digital economies of the EU and Southeast Asia but also their shared commitment to maintaining open, competitive, and fair digital markets.

The agreement is part of the EU’s broader strategy to update digital trade rules globally, as seen in recent digital trade chapters with the UK, Chile, and New Zealand.

The EU and Singapore will now proceed with their respective domestic procedures to formally sign and conclude the DTA.

The deal is expected to enhance the digital transformation of both economies, fostering innovation and providing new economic opportunities.

It also aligns with the EU’s Indo-Pacific strategy, aiming to strengthen ties with key partners in this region.

In conjunction with the DTA, the second Trade Committee meeting under the EUSFTA took place, co-chaired by Minister Fu and Executive Vice-President Dombrovskis.

They noted the strong trade relations between the EU and Singapore, with annual trade in goods and services surpassing €130 billion in 2022.

The meeting also covered bilateral cooperation in areas like the green economy and discussed recent global economic developments, including issues at the World Trade Organisation (WTO).

The EU-Singapore Digital Partnership, launched in February 2023, laid the groundwork for this agreement.

This partnership included Digital Trade Principles aimed at facilitating the free flow of goods and services while upholding privacy and data protection standards.

The Digital Partnership and the DTA together represent a significant advancement in the EU’s efforts to lead in global digital governance.

The formal signing and implementation of the EU-Singapore Digital Trade Agreement will further strengthen economic ties and provide a model for future digital trade agreements worldwide.

The agreement is expected to be fully operational by mid-2025, providing a boost to digital commerce and innovation in both regions.

@ Newshounds News™

Read more:  Trade Finance Global 

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World Economic Forum document on “Decentralized and Non-Traditional Payment Schemes” cites Ripple as an example of an alternative rail for traditional payment systems 🔑

“If usage of the Ripple protocol were to expand to other banks, it could be EASILY used for real-time payment and settlement BETWEEN these institutions with NO automated clearing house or correspondent banks required.”

@ Newshounds News™

Read more:  Twitter

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TRUMP'S PLAN IS TO DOLLARIZE THE WORLD THROUGH STABLECOINS

"This past Saturday, former president Donald Trump addressed the Bitcoin 2024 conference in Nashville, Tennessee, expounding upon the crypto and bitcoin policies likely to be implemented as part of a likely future Trump administration. 

Speaking in front of a banner emblazoned with the logo of Xapo bank, an institution which hopes to serve as a global bridge between bitcoin, the U.S. dollar and stablecoins, Trump’s speech revealed a policy vision that would integrate those three in order to “extend the dominance of the U.S. dollar to new frontiers all around the world.”

"Talk of a threatened dollar has been circulating for years, with the petrodollar system now having ended and increasingly influential power blocs seeking alternatives to the dollar as a reserve currency. However, Trump – per his recent speech – seems poised to employ bitcoin as a sink for out-of-control U.S. government debt and to unleash the expansion of digital dollar stablecoins, which are already quietly dollarizing numerous countries in the Global South as the consequences of Covid-era fiscal policies continue to decimate the purchasing power of the 99% globally."

 "Trump promised, among other things, to “create a framework to enable the safe, responsible expansion of stablecoins […] allowing us to extend the dominance of the U.S. dollar to new frontiers all around the world.” He then asserted that, as a result of his future administration’s embrace of dollar stablecoins, “America will be richer, the world will be better, and there will be billions and billions of people brought into the crypto economy and storing their savings in bitcoin."

@ Newshounds News™

Read more:  Bitcoin Magazine

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Iraq News Highlights and Points To Ponder Tuesday AM 7-30-24

Iraq Speeds Up Steps To Join WTO

Economic  07/29/2024  Iraq speeds up steps to join WTO   The Ministry of Trade has doubled its efforts to join Iraq to the World Trade Organization (WTO) after participating in a wide round of negotiations that pave the way for full membership.

These efforts were met with widespread economic welcome, which sees that this approach will achieve a package of important achievements, foremost of which is enhancing development, building capacities, and opening the door wide to the use of the highest standards of governance, in addition to the most important factor represented by the wide openness of global markets to Iraq, the advancement of the private industrial sector, and the improvement of the local product.

According to the Minister of Trade, Athir Dawood Al-Ghariri, the recent negotiations for Iraq constitute “a qualitative event and a confirmation of what the government promised through its program to reform the economic situation, considering the private sector as an essential part and the backbone of the Iraqi economy,” indicating that “all countries are keen on Iraq’s return as a global economic player.”

In support of the recent negotiations conducted by Iraq, the Ministry of Trade also participated in the technical meetings of the UNCTAD regarding the accession of Arab countries to the World Trade Organization in Istanbul, which witnessed, according to the Director General of the Department of Foreign Economic Relations, Riyadh Fakher Al-Hashemi, who represented the Ministry of Trade in these meetings, discussing the outcomes of the 13th Ministerial Conference of the World Trade Organization, the process of Arab countries’ accession to the organization, and how Iraq can benefit from these experiences in its process of accession.

The importance of trade in services in supporting the economies of Arab countries and enhancing their growth was also reviewed.

In the midst of this, the Prime Minister’s Advisor for Financial Affairs, Dr. Mazhar Mohammed Salih, believes that “in the midst of the changes in the international commercial and financial space, Iraq has moved to important organizational levels in the transition to a market economy to break the effects of its international isolation by engaging in a strong area of ​​economic liberalism that focused on liberalizing the areas of Iraq’s foreign trade in goods and services and the means of financing them,

despite the fluctuations in its organization, as well as the development and expansion of areas of progress achieved in some financial services and improving the environment for foreign investment, which allows foreign banks to operate in Iraq and allows the transfer of capital and currency in a manner that serves Iraq’s openness to the world in the conditions of a difficult-to-handle central rentier economy.”

In a statement to the Iraqi News Agency (INA), Minister Al-Ghariri expressed his “aspiration for the fourth round of negotiations to be held during the first quarter of next year,” stressing that “this acceleration means that the negotiations are proceeding with rapid steps towards Iraq’s accession to the World Trade Organization, considering that Iraq is an important economic bloc and all countries are keen for it to return as an economic player in a multilateral system.”

In addition to the economic gains that can be achieved by opening up to the global market, the economic researcher and consulting engineer, Imad Al-Muhammadawi, believes during his interview with “Al-Sabah” that “joining has many other advantages besides opening up to global markets, represented in “enhancing development, building capacities, and opening the door wide to using governance standards in all aspects of economic activities,

in addition to the most important factor, which is opening global markets to the economies of the least developed countries or what are called Third World countries, not to mention improving the financial side of the participating countries in terms of reducing financial risks and removing obstacles facing the participating countries.”

Al-Muhammadi added that joining also constitutes a factor in reducing poverty, by creating opportunities for the unemployed through increasing economic activities and developing both the private and public sectors.

The WTO aims to ensure that foreign companies, investors and governments enjoy stability and predictability, confidence that trade barriers should not be arbitrarily raised, investment is encouraged, jobs are created and consumers can fully enjoy the benefits of competition, choice and low prices. https://alsabaah.iq/100095-.html

Oil and Gas Law: Hostage to Political Disagreements

2024-07-30 | Oil and Gas Bill.. Political differences between the center and the region keep the law locked in the drawers despite its importance.

Among the one hundred and fifty suspended laws awaiting submission to parliament, the oil and gas law remains the most prominent knot and thorny file betweenBaghdadErbil... despite the ongoing meetings to resolve the issue, as it affects an important sector in the country.  LINK

Alsumaria Publishes The Dollar Exchange Rates In The Iraqi Stock Exchanges Today

Economy  2024-07-30 |Alsumaria News – Economy  Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the local Iraqi markets for Tuesday, July 30, 2024.

The dollar prices decreased with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 149,000 dinars for every 100 dollars. As for the selling prices in the exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 150,000 dinars, while the purchase price reached 148,000 dinars for every 100 dollars.

On February 7, 2022, the Council of Ministers  announced its approval to amend the dollar exchange rate to 1,320 dinars per dollar.

For about a year, specifically since the Central Bank began operating the electronic platform and the international financial transfer system "SWIFT", the dollar exchange rate in Iraq has not witnessed stability despite the government and the Central Bank's attempts to control the exchange rate in parallel markets.  LINK

News, Rumors and Opinions Tuesday AM 7-30-2024

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

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

Compiled Tues. 30 July 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors/Opinions)

Tues. 30 July 2024 Wolverine: “We’re in for a magnificent week. We’re going to get some good news today.”

Sun. 28 July 2024 Wolverine Special Live Chat:

 “Looks like this is the week we have been waiting for. I am inundated with much intel coming through and it all lines up, and none of these sources know one another. So, this looks like it is definitely coming.   Received news from the leader of the Pentecostal and all the documentations are now about to be finished, they have to do documentations, and at last, the process has commenced, and by 31st will be able to hand physical money to the leaders, and I hope this happens as this platform has been on a roller coaster!

I will read this out what I received a few hours ago: “Welcome to the new era, with quantum cards for financial transactions, and also for the rate access to exclusive QFS without need for banks according to reports, this Sunday from 1800 hours, Zurich time payment notifications can begin. In Brazil – it will be early in the afternoon and expectations point to notifications today and payments starting on Monday for T2 and T3 title holders and then notifications for managers of spreadsheets of T4 operations, starting on Tuesday, July 30th.  None of this gets confirmed, as things can change, but at the moment it is a high possibility that this Intel is 100% real. 

Another country in Asia I cannot name, now says their platform is completely liquid, and are now on the verge of releasing funds to members – and that is 100% according to the source in that platform, and again confirmed last night.  

The Precatorious group, by mid-week, will be able to release funds to its members, as they are now liquid, having spendable money. Obviously, everything is a process, and those funds should be released to its members.

Also receiving a lot of intel from Brazil looks like they are waiting for this to be released for the end of the month.  We are looking by the 27th, which is already your 27th, that things should start, and then they are looking then from 27th onward to the end of the month. to the 31st of the month we should finally expect what we have been expecting for a long time.

Regarding me, I have to go soon, waiting to get the call to go.  I must leave, having to do something important, and I cannot tell you what it is or where I am going.  I will be out of here. You will only hear an opera from me.  I will leave the room with our beautiful Carpathia and Shelby to look after this channel. I do need to fly off, but you will see me during the get together.  I will be under NDA, maybe I can speak with you, but not about the RV.  

I thank each of you for supporting me for a long time. It has been quite a challenge and journey and has not been easy. Hoping anytime this week the opera will be released. 

I hope and pray anytime this week we will shout freedom ourselves.

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Sun. 28 July 2024: Masters of GCR/RV: A Deep Dive into Tiered Redemption, the Golden Age of QFS, and the Impact of Zimbabwe Dollar, Iraqi Dinar, Vietnamese Dong, Tier 4B, Tier 5, and NESARA GESARA Act – amg-news.com – American Media Group

Global Financial Crisis:

Mon. 29 July 2024: Urgent Financial Alert: US Debt Clock Surge and the Explosive Dollar to Silver Ratio You Need to Know About – US National Debt Just Broke $35 TRILLION for the First Time Ever – $103,827 Debt per US Citizen (VIDEO) – amg-news.com – American Media Group

Mon. 29 July 2024: The US national debt – the total amount of Treasury securities – rose to $35.00 trillion, according to the Treasury Department on Friday (rounded to the nearest billion: $34.998 trillion). (Wolf Street)

BRICS Announces Plan to Ditch SWIFT, Create Alternative Financial System – Tekedia  https://www.tekedia.com/brics-announces-plan-to-ditch-swift-create-alternative-financial-system/

The last bank has left Wall Street https://www.dailymail.co.uk/yourmoney/banks/article-13393117/last-bank-Wall-Street-luxury-living.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Mon. 29 July 2024: JP Morgan will be the last bank to declare BK. They are one of the primary owners of the FED. They’ll absorb smaller banks first, then ultimately collapse – as will fiat. …General klee, Liberty Lounger Extraordinaire

Mon. 29 July 2024: XRP Poised to Take Over As Russia Plans SWIFT Replacement for BRICS, Times Tabloid – Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple’s XRP News: https://timestabloid.com/xrp-poised-to-take-over-as-russia-plans-swift-replacement-for-brics/

Russia ATMs Down. https://news.online.ua/en/large-scale-cyber-attack-of-diu-russians-cannot-withdraw-cash-from-atms-sources-882574/

Under a new law US Banks will report Russian Assets for eventual forfeiture.

Central Bank of Nigeria sells $148 million in Forex to authorized dealers: https://www.ghanaweb.com/GhanaHomePage/business/Central-Bank-of-Nigeria-sells-148-million-in-forex-to-authorised-dealers-1942592

Mon. 29 July 2024 Cyber Attack on Russian Banks Causes Disruption: https://thecyberexpress.com/cyberattack-on-russian-banks-cause-disruption/

Read full post here:  https://dinarchronicles.com/2024/07/30/restored-republic-via-a-gcr-update-as-of-july-30-2024/

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

Jeff   Article:  "Oil MP rules out oil and gas law" I've been telling you guys the oil and gas law has been outstanding since 2005.  Quote:  "This law has been facing political dispute since 2005."  There it is confirmed for you in print...That's because this law is simply waiting on the rate to change.  It requires Iraq to have a tradable internationally recognized currency.  That's it...

Militia Man  Progress has been intense because there's some political opposition.  I think the US Treasury, Federal Reserve, Central Bank of Iraq, Al-Sudani...have been working to benefit the Iraqi citizens.  There's been blowback...Iraq is not alone in having pressure... Unfortunately corruption has been a problem for many years.  Nothing new.  But that's being changed so now it's getting more intense...

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Currency Profit Trends for 2nd Half of 2024

Edu Matrix:  7-30-2024

Currency Profit Trends for the Second Half of 2024—Gold—Bitcoin—ZiG—HTG—Cryptocurrency is on the Verge of a Possible Explosion Due to Congress's Actions.

Gold is set to continue increasing due to global financial uncertainty, and Haiti's currency continued to hold even during the gang violence, which is now hopefully over. Currency News; Iraq:

https://www.youtube.com/watch?v=igmxauXMKh4

MilitiaMan: IQD Update - Iraq Dinar News - World Bank - Central Bank under fire? - Al-Sudani Meeting - WTO

IQD Update - Iraq Dinar News - World Bank - Central Bank under fire? - Al-Sudani Meeting - WTO

MilitiaMan and Crew:  7-30-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=Ix7-iW9nonk