Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24
Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24
Transcribed By WiserNow Emailed To Recaps
Music, welcome everybody the big call. It is Tuesday, August the 13th, and you're listening to the big call. Thanks everybody out there in big call universe for tuning in, whether you're local inside the US or whether you're outside the continental US and on international soils. We welcome you and appreciate you, and thank you for coming in and listening
Let's talk now. Thank you Bob, by the way, thank you Bob so much. That was great. Let's talk about, yeah, let's talk about the Intel. Let's see where we are now, guys, I know that my Intel has not been exactly accurate, because it changes every time you think we're there, you get something else that says we're not. And I'm sorry, because I hate bringing it out intel this not accurate or doesn't come to pass.
So I know this is a moving target. I know that things tend to change, but hopefully, one of these days, we'll get it right and we'll all be exchanging and we'll be happy.
Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24
Transcribed By WiserNow Emailed To Recaps
Music, welcome everybody the big call. It is Tuesday, August the 13th, and you're listening to the big call. Thanks everybody out there in big call universe for tuning in, whether you're local inside the US or whether you're outside the continental US and on international soils. We welcome you and appreciate you, and thank you for coming in and listening
Let's talk now. Thank you Bob, by the way, thank you Bob so much. That was great. Let's talk about, yeah, let's talk about the Intel. Let's see where we are now, guys, I know that my Intel has not been exactly accurate, because it changes every time you think we're there, you get something else that says we're not. And I'm sorry, because I hate bringing it out intel this not accurate or doesn't come to pass.
So I know this is a moving target. I know that things tend to change, but hopefully, one of these days, we'll get it right and we'll all be exchanging and we'll be happy.
So from the latest info that we received last night was that that we are in basically a seven day window, and boy, I hear that. I go, Oh my gosh, that's too, long a window, too big. I don't want to be in a seven day window. And this is from CW, and we got it last night that said Wednesday to Wednesday.
We should get notified - and start exchanging that's tomorrow, through which when it's tomorrow, 14th to the 21st in that range, we should be getting our numbers and getting exchanges started.
Well, today, there was a conference call between some of the pay masters, some of the higher up people at wells with the Central Bank of Iraq, the CBI, and this call was supposed to go two and a half hours, and it went five and a half hours, so it was long, and they were talking about techniques and exchange protocols for the banks.
Now I don't know if it affected redemption centers, is that specifically the banks will let it sit at that. They were referring to our banks here in the US, not banks in Iraq. So what's happened? What's to bring you up to speed --
What's happened recently is the currencies, the 19 currencies that were coming up on the screen at redemption centers and at banks were coming up with either partial meeting six currencies and then 12 of the 19. We finally got all 19 to come up, but then they were coming up with a slow blinking mode.
That's okay. They could make out the currencies, they could make out the rates, but they were blinking slowly, and that was as of yesterday. Now, the weird thing is that even though that was going on, one of the currencies dropped out. So instead of 19, we're seeing 18 currencies on the screens.
Anybody guess which currency was not was no longer on the screen? That’s right - our currency, the US N, The USD had gone away and the USN and replaced it, but the US N was off the screen temporarily. Now, why would that be? Would it be that they're getting ready to introduce the USN, or United States node, or United States new however you want to look at it, then it's referring to the United States Treasury note that is no longer a Federal Reserve note because the Fed is dead and the remnant revenue says absorbed into US Treasury a while back. Same thing's true with the IRS. It was absorbed the rent of it was absorbed into the US Treasury.
So what that is saying is that the USN would need to go back up on the screen and would need to have a rate attached to it, and we believe that once that occurs, that's a pretty good indicator that we're about ready to start
Now, I think that the USN, if I remember right, is part of NESARA. Okay, let's talk about, I know I'm kinda bouncing around here, but stay with me. What else is part of NESARA? That's right, debt forgiveness. Let's talk about that. It actually started Sunday afternoon, Sunday the 11th of August, okay?
And so it started with, you guys haven't heard me say this yet, because I got this between the last call and tonight. It started with, or it is starting with zeroing out of all mortgages - Oh, I'm hearing some amens out there.
I'm hearing some hallelujahs, because our mortgages are supposed to be zeroed out over a 10 day process that, if my math is right and you count the days out, the 11th, which is Sunday, should it should be terminated? by around - By around the 20th of this month,
We don't know if that means we're going to get our letters by then from our lending institutions, or the letters will follow this 10 day period - that I don't know yet - probably find out after the call, but there's a 10 day period of debt forgiveness when mortgages will be zeroed out.
Now, there may be some stipulations to that that might prevent the very newest mortgage, but I don't even know that. I don't even know. Let's just go with mortgages will be zeroed out. That's a big help.
Now, what else, as far as debt forgiveness, did I hear somebody say, credit cards? Right, right You are Andrew. That starts around the 21st through the 31st which is the last day of August. That means all credit card debt will be wiped out. That's amazing. And don't everybody go and load up your credit cards right now. Don't even think about it.
But that is a real welcome thing. Those two things, that's mortgages and credit cards will be wiped out and zeroed out by the by the end of August, which is August 31 so that's going to be a real bonus for us. That's a huge, huge part of debt forgiveness for NESARA, kicking in and taking effect.
Now, we haven't heard of any debt forgiveness coming out yet. We don't have any evidence of it yet - at this time, but stay tuned , maybe I will get some of that. We know Farm claims started being paid out somewhere around the eighth of August, I believe.
And we've got, I mentioned on last Thursday’s call , so that we had proof of three farmers that were paid. The first one was 360,000 not 300,000 but 360,000 The second was 410,000 and the third one we heard was 525,000 - and these are farm claims to the farmers, and we understood that the black farmers were paid out first. Okay, so that's what we've heard.
And of course, I can't prove that right now, but that's what we've heard happened, which is great news.
Now let's go beyond that. I've given you a window. As we come back to the RV, I've given you a window of Wednesday to Wednesday by CW. Now what's interesting about that is we're hearing some things that are putting our day for exchanges to start Monday, the 19th, this coming Monday.
Now we've also heard from another call tonight that was with the financial advisors, bankers and so on, that there was a consensus on this call that we would be notified over the weekend and then start exchanges on Monday. So the 19th is Monday. It is halfway between kind of plus or minus between Wednesday and Wednesday, and it's very possible that that's what we end up with.
A few other people were saying we should get notified today and start tomorrow. I had that from a source that was speaking to a US Treasury source in Europe, and that's what they said, that we would get notified today and start exchanges tomorrow, but I don't know that we say that that's the case. I don't think that's happening somehow that did not occur.
So even my own Intel is slightly conflicted, but the consensus is looking for us getting notified this weekend and then exchanging on Monday. Let’s Hope that is true.
Let's hope that is exactly what's happening. And you guys have the the debt forgiveness portion, which is was started Sunday and goes through the end of the month with credit card debts being wiped out.
I think those two aspects mortgages, home mortgages and credit card debt is a lot - that is an answer to prayer, and that is wonderful to see that taking place.
Now. I think our USN is part of NESARA. I don't know if they'll announce it. I'm being told they won't. Bothers me. I would like to have it announced added asset backed and or gold backed currency, because it is and we're gonna have our US, TN, United States, trade notes and are in the banks. They're in the redemption centers. We're supposed to get some of it - when we go in for our appointments to exchange.
So that's been in place for a long time, I'm going to say months, and possibly over a year. Now that money, the new printed currency that we have are holding money that go down our wallets versus is already in place. So that's good. What else is going on? You know, guys, I think that's the majority of it.
So let's do this. Think I've loaded you guys up with good intel I think that's all I need to tell you guys tonight. This thing is right here, right there, where we can go anytime, yes, and we'll see if the Wednesday window holds up, or if we get surprised, and maybe it goes soon, but really, Wednesdays as soon as we'll get anything right now. So let's do this. Let's go ahead and pray the call out right now,
Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24 REPLAY LINK Intel Begins 1:14:14
Bruce’s Big Call Dinar Intel Thursday Night 8-7-24 REPLAY LINK Intel Begins 1:08:40
Bruce’s Big Call Dinar Intel Tuesday Night 8-6-24 REPLAY LINK Intel Begins 1:05:40
Bruce’s Big Call Dinar Intel Thursday Night 8-1-24 REPLAY LINK Intel Begins 51:00
Bruce’s Big Call Dinar Intel Tuesday Night 7-31-24 REPLAY LINK Intel Begins 57:37
Bruce’s Big Call Dinar Intel Thursday Night 7-25-24 REPLAY LINK Intel Begins 1:11:25
Bruce’s Big Call Dinar Intel Tuesday Night 7-23-24 REPLAY LINK Intel Begins 1:07:40
Bruce’s Big Call Dinar Intel Thursday Night 7-18-24 REPLAY LINK Recorded Call not available
Bruce’s Big Call Dinar Intel Tuesday Night 7-16-24 REPLAY LINK Intel Begins 1:04:40
Bruce’s Big Call Dinar Intel Thursday Night 7-11-24 REPLAY LINK Intel Begins 1:11:40
Bruce’s Big Call Dinar Intel Tuesday Night 7-9-24 REPLAY LINK Intel Begins 1:13:20
Bruce’s Big Call Dinar Intel Thursday Night 7-4-24 REPLAY LINK NO CALL
Top 10 Reasons We’re Now Facing a Global Financial System Crash
Top 10 Reasons We’re Now Facing a Global Financial System Crash
On August 13, 2024 By Awake-In-3D
The evidence is clear—You won’t believe how close we are to the largest collapse in history We’re standing on the edge of an financial system crash, and may people don’t even realize it. Yet!
The signs are all around us—record government spending, mounting consumer debt, and major corporations hoarding cash like never before.
Even the world’s biggest economies, like the U.S., Japan, and Germany, are struggling to keep their heads above water.
Top 10 Reasons We’re Now Facing a Global Financial System Crash
On August 13, 2024 By Awake-In-3D
The evidence is clear—You won’t believe how close we are to the largest collapse in history
We’re standing on the edge of an financial system crash, and may people don’t even realize it. Yet!
The signs are all around us—record government spending, mounting consumer debt, and major corporations hoarding cash like never before.
Even the world’s biggest economies, like the U.S., Japan, and Germany, are struggling to keep their heads above water.
This article breaks down the top 10 reasons why we’re facing what could be the worst financial crash in history.
I’m going to walk you through what’s happening, why it’s happening, and what it means for all of us.
In This Article
The Top 10 Reasons the Global Financial System Crash is on Our Doorstep
Government Spending: The Core of this Financial System Crash
Central Bank Policies Causing Unprecedented Market Distortions
Consumer Financial Behavior as a Warning Sign of the Approaching Financial System Crash
Global Economic Indicators Pointing to a Deepening Crisis
The global financial system is facing a financial system crash of unprecedented scale. With three of the five largest economies heading towards economic catastrophe, the risks are mounting.
The Top 10 Reasons the Global Financial System Crash is on Our Doorstep
Here’s a logical progression of the top 10 reasons we are in a global recession, followed by an economic depression and then the grand finale, a complete financial system crash:
Unsustainable Government Spending: U.S. government spending as a percentage of GDP is nearing historic levels, creating a precarious fiscal situation.
Skyrocketing Consumer Debt: U.S. credit card debt has reached record highs, with interest rates at unprecedented levels, mirroring unsustainable government financial practices.
Distorted Central Bank Policies: The Bank of Japan’s excessive ownership of ETFs and government bonds has caused significant market distortions, leading to instability.
Massive Insider Stock Sales: U.S. executives are selling off stocks at the fastest pace in over a decade, signaling a lack of confidence in the markets.
Surging Cash Holdings by Corporations: Companies like Berkshire Hathaway are hoarding cash, indicating a lack of confidence in the economy and anticipation of a downturn.
Persistent Manufacturing Recession: The U.S. manufacturing sector has been in recession for an extended period, signaling broader economic warning signs.
Extended Recession in Major Economies: Germany has been in recession for over two years, reflecting broader global economic fragility.
Declining Unemployment Claims Participation: A low percentage of unemployed Americans filing for benefits suggests the official data is understating the true level of economic distress.
Long-term Devaluation of Fiat Currencies: The U.S. dollar and other major currencies have lost significant value against gold, indicating long-term economic instability.
Rising Public and Household Debt: U.S. public and household debt levels have reached all-time highs, creating the potential for a systemic financial crisis.
Government Spending: The Core of this Financial System Crash
U.S. government spending has reached levels not seen since World War II. At 43% of GDP, it is just 1% below the peak during the Great Financial Crisis.
These unsustainable spending habits are breaking the economy, setting the stage for severe financial turmoil.
Japan faces its own challenges. The Bank of Japan’s extensive intervention in the economy, owning about 80% of the country’s ETFs and 55% of its government bonds, has caused significant market distortions.
The recent rate hikes by the Bank of Japan have already triggered a 12% drop in the Nikkei 225, underscoring the instability.
Central Bank Policies Causing Unprecedented Market Distortions
Central banks, particularly the Bank of Japan, have been heavily involved in the financial markets, creating artificial support that cannot be sustained indefinitely.
The consequences are now becoming apparent, with volatile markets and a loss of confidence among investors.
The Bank of Japan’s recent actions indicate that even the slightest change in policy can have dramatic effects, as seen with the substantial decline in the Nikkei 225.
Consumer Financial Behavior as a Warning Sign of the Approaching Financial System Crash
Consumer debt in the U.S. has skyrocketed, with credit card debt hitting a record $1.14 trillion in the second quarter of 2024. Interest rates have also reached an all-time high of 22.76%, mirroring the reckless financial practices of the government.
This growing debt burden is pushing consumers closer to financial collapse.
Corporate behavior is also flashing red warning signs. Berkshire Hathaway, one of the largest and most successful corporations, has increased its cash reserves to 25% of its total assets, the highest level since 2005.
This massive cash hoarding indicates a lack of confidence in the current economic environment and suggests that major corporations are bracing for a severe downturn.
Global Economic Indicators Pointing to a Deepening Crisis
Germany, one of the world’s largest economies, has been in recession for over two years, with its GDP contracting in five of the last nine quarters.
This prolonged economic decline signals a broader global economic fragility, which could trigger a domino effect across other major economies.
Insider stock sales in the U.S. have reached their highest levels in over a decade, particularly among executives in tech giants like Nvidia. This rapid sell-off indicates that those closest to the markets are preparing for a downturn, further fueling fears of an imminent crisis.
The long-term devaluation of fiat currencies, particularly the U.S. dollar, adds another layer of risk to the global financial system.
The U.S. dollar has lost 98.5% of its value against gold since 1971, with other major currencies like the Euro and Yen experiencing similar declines.
This loss of purchasing power is eroding trust in fiat currencies, pushing investors towards alternative assets.
The Bottom Line
The interconnected nature of global economies means that the problems facing the U.S., Japan, and Germany are not isolated.
With government spending spiraling out of control, distorted central bank policies, rising consumer and corporate debt, and prolonged recessions in major economies, the world is on the brink of an unprecedented financial crisis.
Contributing Article: https://www.businessinsider.com/recession-fears-fueling-stock-market-crash-wall-street-chaos-positive-2024-8?op=1
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Ariel: Major Iraqi Dinar Update
Ariel: Major Iraqi Dinar Update
(Somebody is about to be very rich) is that you? If so read on.
Translated directly from the CBI document:
Licensed banks all approved Electronic payment companies all approved exchange companies from categories A and B
Procedures for the work of agents of external transfer service providers
Ariel: Major Iraqi Dinar Update
(Somebody is about to be very rich) is that you? If so read on.
Translated directly from the CBI document:
Licensed banks all approved
Electronic payment companies all approved exchange companies from categories A and B
Procedures for the work of agents of external transfer service providers
Greetings
Based on the supervisory and supervisory role of this bank.
“𝘼𝙣𝙙 𝙞𝙣 𝙤𝙧𝙙𝙚𝙧 𝙩𝙤 𝙧𝙚𝙜𝙪𝙡𝙖𝙩𝙚 𝙩𝙝𝙚 𝙬𝙞𝙩𝙝 𝙥𝙧𝙤𝙘𝙚𝙙𝙪𝙧𝙚𝙨 𝙤𝙛 𝙖𝙜𝙚𝙣𝙩𝙨 𝙥𝙧𝙤𝙫𝙞𝙙𝙞𝙣𝙜 𝙛𝙤𝙧𝙚𝙞𝙜𝙣 𝙧𝙚𝙢𝙞𝙩𝙩𝙖𝙣𝙘𝙚 𝙨𝙚𝙧𝙫𝙞𝙘𝙚𝙨 𝙞𝙣 𝙡𝙞𝙜𝙝𝙩 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙖𝙥𝙞𝙙 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙨 𝙤𝙛 𝙩𝙝𝙚 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙘𝙤𝙖𝙡 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧 𝙨𝙚𝙧𝙫𝙞𝙘𝙚 𝙖𝙣𝙙 𝙩𝙤 𝙡𝙞𝙢𝙞𝙩𝙨 𝙩𝙤 𝙞𝙣𝙨𝙪𝙧𝙚 𝙛𝙤𝙧 𝙨𝙥𝙚𝙘𝙪𝙡𝙖𝙩𝙞𝙤𝙣 𝙥𝙪𝙧𝙥𝙤𝙨𝙚𝙨 𝙖𝙣𝙙 “𝙗𝙚𝙣𝙚𝙛𝙞𝙩𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙚𝙭𝙘𝙝𝙖𝙣𝙜𝙚 𝙧𝙖𝙩𝙚 𝙙𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙘𝙚”. 𝙄𝙩 𝙞𝙨 𝙙𝙚𝙘𝙞𝙙𝙚𝙙 𝙩𝙝𝙖𝙩 𝙮𝙤𝙪 𝙬𝙞𝙡𝙡 𝙤𝙗𝙩𝙖𝙞𝙣 𝙫𝙖𝙡𝙞𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙮 𝙖𝙣𝙙 𝙥𝙖𝙨𝙨𝙥𝙤𝙧𝙩𝙨 𝙛𝙤𝙧 𝙣𝙤𝙣-𝙄𝙧𝙖𝙦𝙞𝙨 (F𝙤𝙧𝙚𝙞𝙜𝙣𝙚𝙧𝙨) 𝙛𝙤𝙧 𝙩𝙝𝙚 𝙥𝙪𝙧𝙥𝙤𝙨𝙚 𝙤𝙛 𝙘𝙤𝙢𝙥𝙡𝙚𝙩𝙞𝙣𝙜 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧, 𝙥𝙧𝙤𝙫𝙞𝙙𝙚𝙙 𝙩��𝙖𝙩 𝙩𝙝𝙚𝙨𝙚 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙞𝙣𝙜 𝙙𝙤𝙘𝙪𝙢𝙚𝙣𝙩𝙨 𝙧𝙚𝙥𝙧𝙚𝙨𝙚𝙣𝙩 𝙩𝙝𝙚 𝙢𝙞𝙣𝙞𝙢𝙪𝙢 𝙧𝙚𝙦𝙪𝙞𝙧𝙚𝙢𝙚𝙣𝙩𝙨 𝙖𝙣𝙙 𝙮𝙤𝙪 𝙘𝙖𝙣 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙖𝙣𝙮 𝙖𝙙𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙙𝙤𝙘𝙪𝙢𝙚𝙣𝙩 𝙞𝙛 𝙣𝙚𝙘𝙚𝙨𝙨𝙖𝙧𝙮 𝙩𝙤 𝙖𝙘𝙩 𝙖𝙘𝙘𝙤𝙧𝙙𝙞𝙣𝙜𝙡𝙮.”
Read this part one thousand times over & over. Why? Because they are directly talking to you.
With appreciation.
This is more from the CBI detailing procedures for A and B licensed exchange companies performing exchanges for 𝙣𝙤𝙣-𝙄𝙧𝙖𝙦𝙞 𝙞𝙣𝙙𝙞𝙫𝙞𝙙𝙪𝙖𝙡𝙨. This is ONLY in-country for Iraq. This does not correlate to any reclassifications of currencies (those don’t exist remember), or movement of rates. This is simply official notice from the CBI for procedures for bank personnel making the exchanges, they now require a 𝙋𝘼𝙎𝙎𝙋𝙊𝙍𝙏, and 𝙫𝙖𝙡𝙞𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙮 𝙣𝙤𝙩𝙞𝙘𝙚.
What is an A B categorization?
Directly from the CBI starting in 2021 LINK and more LINK and more LINK
Bank Ratings or Classifications: In some countries, financial institutions or currencies might be categorized into different groups (A, B, etc.) based on their stability, creditworthiness, or risk level.
For example:
Category A: Could refer to higher-rated, more stable banks or financial products with lower risk.
Category B: Could denote institutions or products with a slightly higher risk but still acceptable within certain regulatory frameworks.
People, please pay attention.
So you have a state ID?
Do you have a driver’s license?
Are you an expat?
Are you a foreigner in Iraq?
Then you do not need a passport to exchange your currency in America. This part of the post was talking about non-Iraqi citizens who are already in Iraq who may be from another country or America who will be looking to exchange there if they want to benefit from the exchanges if they are not able to do so in their home country at the time the new exchange rate is released.
https://dinarchronicles.com/2024/08/13/ariel-prolotario1-major-iraqi-dinar-update-8-13-24/
“Coffee With MarkZ” Wednesday Morning Chat 8-14-2024
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: Good Wednesday mornin’ to Mark, Mods and RV patient people!
Member: I would love to know if we can put in our 2 week notice yet???
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: Good Wednesday mornin’ to Mark, Mods and RV patient people!
Member: I would love to know if we can put in our 2 week notice yet???
Member: Seems like RV news has dried up everywhere.
Member: How is the news from your contacts about bond money being dispersed? What's going on?
MZ: I continue to hear that bond people are being paid…but have not yet had one of my personal contacts –that I know in real life- that have received dollars.
MZ: I continue to have contacts reaching out saying they know people who have gotten paid…but nobody that I know personally has yet to receive funds.
MZ: My biggest bond processor is still MIA. He is responsible for billions of dollars…….My massages go straight to voice mail. I hope that is positive news
Member: If he signed an NDA because he got paid….that would be positive.
MZ: That is what I am hoping.
Member: Nader was saying the Iraq gdp is only like 3% and it needs to be more like 6-7% before RV
MZ: They would like it to be that….But it will get a massive increase when they change the rate.
Member: Black farmers are rumored to have been paid $2 billion from a lawsuit….Is this part of the RV/Reset??
MZ: Yes it is…..This is most likely from the Pickford (sp?) Farm Claims settlements….I am excited about this one. .
Member: Frank 26 was wearing Gold yesterday
Member: Frank26 is switching from studying the Dinar on YT to teaching on gold & silver & how to invest to protect your impending wealth from the RI/RV. Andy Schectman was on last night…..was very thorough in his explanation!
Member: Mike Bara said: "I have been given a date of Wednesday 21st August for the revaluation of the Iraqi dinar. The bondholder remains excited about the possibility he will get paid today."
Member: if anyone tells us the RV is on a certain date its probably not true unfortunately
Member: I want to believe…..but the sceptic in me doesnt
Member: BRICS rolled out their first two invitations to Venezuela and Bolivia to attend the 2024 summit.
Member: Japanese leader Kishida to step down next month, local media report
Member: There is a video on YT from 9 years ago where Chief (Fast Horse) explains, slowly and in chronological order, what's been going on. It's 16 minutes, worth watching, easy to find. Just put his name in YT.
Member: If this EBS is supposed to happen, what are we waiting for at this point? Absolutely nobody that isn’t awake now is going to wake up, no matter what they are shown.
Member: Please remember to take only what resonates with you at this time and leave the rest. We are all at different stages of waking up and need to respect everyone for the stage of waking up they are at.
Member: Hope everyone has a wonderful day ….and the RV pops “Suddenly”
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Iraq News Highlights and Points To Ponder Wednesday AM 8-14-24
Parliamentary Wealth: Oil And Gas Law Stalled In Government Halls
Economy Information / Baghdad.. Deputy Chairman of the Oil, Gas and Natural Resources Committee, Nehru Rawandozi, revealed today, Wednesday, the latest developments related to the legislation of the oil and gas law according to the political agreement between Baghdad and Erbil.
Rawandozi told / Al-Maalouma / agency, "The legislation of the law was part of the political agreement paper on the basis of which the current government was formed, but the issue of its legislation still faces many differences."
He added that "the committees formed by the government have not completed their work in full, which hinders sending the draft of the oil and gas law to the Council of Representatives."
Parliamentary Wealth: Oil And Gas Law Stalled In Government Halls
Economy Information / Baghdad.. Deputy Chairman of the Oil, Gas and Natural Resources Committee, Nehru Rawandozi, revealed today, Wednesday, the latest developments related to the legislation of the oil and gas law according to the political agreement between Baghdad and Erbil.
Rawandozi told / Al-Maalouma / agency, "The legislation of the law was part of the political agreement paper on the basis of which the current government was formed, but the issue of its legislation still faces many differences."
He added that "the committees formed by the government have not completed their work in full, which hinders sending the draft of the oil and gas law to the Council of Representatives."
He pointed out that "there are political differences over the draft of the oil and gas law between the center, the region and the oil-producing provinces, noting that there is a government committee formed by the Prime Minister consisting of representatives of the three main components in Iraq: Shiites, Sunnis and Kurds."
He pointed out that "the committee tasked with preparing the draft law has not completed its work in full so far, which hinders sending the draft law to the Council of Representatives." LINK
Finance Issues "Enjaz" Government Bonds (Second Issue)
Wednesday 14 August 2024 | Economic Number of readings: 110
Baghdad / NINA / The Ministry of Finance announced the offering of government "Achievement" bonds (second issue) for public subscription, with a value of one trillion and 500 billion Iraqi dinars. https://ninanews.com/Website/News/Details?key=1147687
Iraq Stock Exchange Witnesses Active Trading With More Than 398 Million Shares
Banks Economy News – Baghdad The Iraq Stock Exchange witnessed an active trading session on Wednesday, with more than 398 million shares traded at a total value exceeding 626 billion Iraqi dinars.
The ISX60 rose 0.70% to close at 878.43 points, while the ISX15 rose 0.19% to 979.73 points.
The banking sector led the trading activity in terms of the volume and value of traded shares, and the most traded share was the Bank of Baghdad share with more than 113 million traded shares.
Some stocks witnessed significant increases and decreases, with Kurdistan Islamic Bank leading the rise with 13.64%, while the National Home Furniture Industries stock recorded the largest decrease of 5.56%. 19 views 2024/08/14 https://economy-news.net/content.php?id=46296
Masoud Barzani Calls For National Wealth And Wants To Preserve It, But What Is The Story Of The “Committees Of Commitment”?
Politics |Baghdad Today – Baghdad Today, Wednesday (August 14, 2024), the leader of the Coordination Framework, Saad Al-Saadi, revealed the results of the agreement between the framework and the leader of the Kurdistan Democratic Party, Masoud Barzani, regarding the oil smuggling file.
Al-Saadi told Baghdad Today, "Smuggling natural resources, including oil, in any country represents a drain on the economy, destruction of infrastructure, and loss of the rights of the people of all stripes. Therefore, the smuggling file must be stopped."
He added, "During the visit of the President of the Kurdistan Democratic Party, Masoud Barzani, to the capital, Baghdad, and his meeting with the leaders of the framework, the issue of natural resources was actually raised within a broad agreement to preserve them as a national wealth."
He continued: "It was agreed to form committees whose mission is to oblige all parties to abide by the decisions of the Federal Court on the oil and gas file, in addition to the rest of the other agreements with Baghdad," adding: "We hope at the same time that there will be seriousness and credibility on the part of our brothers in the region in implementing the terms of the agreement."
He pointed out that "the management of oil and other wealth by the central government and its institutions is within the context of the Iraqi constitution, and this will must be respected and adhered to because it will address many problems and provide greater protection for the national wealth."
The visit of the leader of the Kurdistan Democratic Party, Massoud Barzani, to Baghdad attracted attention because it came after six years of "estrangement" with the ruling political class in Iraq, which suggests that a remarkable development has occurred in the relationship between the Kurdistan Region and the central government.
Political circles believe that the aim of the visit is to crown the partial understandings that occurred recently and covered several files with a comprehensive settlement between the region and the centre.
Barzani's presence as a prominent Kurdish figure aims to lend legitimacy to the settlement and raise its value so that it appears to be an important event and not just a passing meeting, which is what the central government needs to confirm its ability to bring the region's leaders to its square, while the settlement reduces internal pressures on the region's officials, especially if he succeeds in ensuring smooth and continuous payment of salaries. LINK
Iraq Loses One Trillion Dinars Annually.. MP: Corruption In Ports Is "Dangerous"
Economy |Baghdad Today – Baghdad Member of Parliament Yasser Al-Hussaini revealed, today, Wednesday (August 14, 2024), that Iraq is exposed to a loss of one trillion dinars annually due to corruption in the ports, while describing what is happening in the ports as "dangerous."
Al-Hussaini said in an interview with Baghdad Today, "The parliamentary investigation committee continues to collect documents and evidence that prove day after day the extent of the major violations of public funds, and the documented numbers confirm beyond doubt that they are higher than what we mentioned previously in terms of losses and financial violations in general."
He added, "What is happening in the ports is the mortgage of this large economic facility to companies affiliated with political forces for decades through contracts that oblige the government, noting that Iraq loses nearly a trillion dinars annually that goes into the accounts and pockets of companies."
Al-Hussaini pointed out that "what is happening in the ports is dangerous and what we have revealed so far raises many question marks, stressing that all investigations and documents will be submitted to the Iraqi judiciary."
On Friday (July 12, 2024), the head of the Parliamentary Order 160 Committee to investigate suspicions of corruption in Iraqi ports, Yasser Al-Hussaini, revealed 3 results that he described as “bitter” in the Basra ports file.
Al-Husseini told Baghdad Today, "What we are doing is perhaps the most important parliamentary investigation to preserve the wealth of Iraqis by addressing a sensitive and dangerous file due to the huge amount of money and the administrative and financial violations that have been detected."
He added, "Investigations are continuing into the file of suspicions of financial and administrative corruption in Iraqi ports, despite the existence of three-dimensional pressures from influential political and governmental parties in a single attempt, which is to undermine the work of the committee as much as possible and obstruct what it is doing."
The MP said, "Three bitter facts were revealed: the waste of 20 trillion dinars is not suspicion, but a fact. There is a lot of evidence accompanied by long decades that mortgage Iraq's wealth to corrupt political parties. In addition, the extent of the pressures revealed the identity of those who want to keep the scourge of corruption eating away at the ports to sustain their coffers with money, without caring about the harm it causes to the Iraqis."
He considered that "the investigation into the Basra ports file is the most dangerous and important and is a courageous step in confronting the scourge of corruption that has large arms," stressing that "what we seek is to preserve public money and stop the draining of the country's wealth."
Member of the Parliamentary Integrity Committee, Ali Turki, had previously stated that the committee formed to investigate corruption files in the ports had failed in its mission.
On April 15, the acting Speaker of Parliament, Mohsen Al-Mandalawi, decided to form a parliamentary committee to investigate “violations” at Iraqi ports.
The committee is formed under the chairmanship of MP Yasser Hashem Al-Hussaini and the membership of MPs Faleh Al-Khazaali, Hassan Salem Abdul Rahim Al-Shammari, Mona Al-Sabil, Siban Aziz Soran Omar Muwaffaq Hussein Saud Al-Saadi Abdul Amir Al-Mayahhi Alaa Al-Haidari Ali Al-Maksousi, and Rafiq Al-Salihi. It is responsible for investigating violations in Iraqi ports, and the committee will be supported by employees from the ministry and the relevant bodies according to the committee’s needs, and the results of the investigation will be presented to the House of Representatives.” LINK
News, Rumors and Opinions Wednesday AM 8-14-2024
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 Wed. 14 Aug. 2024
Compiled Wed. 14 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 13 Aug. 2024 Mike Bara: “I have been given a date of Wed. 21 Aug. for the revaluation of the Iraqi dinar. The bond holder remains excited about the possibility he will get paid today.”
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 Wed. 14 Aug. 2024
Compiled Wed. 14 Aug. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 13 Aug. 2024 Mike Bara: “I have been given a date of Wed. 21 Aug. for the revaluation of the Iraqi dinar. The bond holder remains excited about the possibility he will get paid today.”
Tues. 13 Aug. 2024 Idaho now has it’s own gold-and-silver depository. Its owner says it can hold more than Fort Knox https://www.idahostatesman.com/news/business/article290989570.html
Tues. 13 Aug. “ A Banker indicated that many positive items are pointing to Thurs. 15 Aug. 2024.”
~~~~~~~~~~
Tues. 13 Aug. 2024 Bruce:
Last night we were told we were in a 7 day window from Wed. 14 to Wed. 21
Today there was a conference call between paymasters at Wells and the CBI.
The 19 currencies on the screen were slow blinking. One currency went down (the USN) that was no longer the fed – meaning we were about to start.
The USN was part of NESARA – debt forgiveness that started Sun. 11 Aug. It is zeroing out all mortgages over a ten day process ending Sat. 10 Aug.
Credit card forgiveness will be wiped out by Sat. 31 Aug.
Farm claims began to be paid out 8 Aug. Black farmers were paid out first.
Exchanges were to start Mon. 19 Aug.
We would be notified over the weekend.
~~~~~~~~~~
Mon. 12 Aug. 2024 Foreign Currency Exchange and Zim Bond Redemption … John F. Kennedy on Telegram:
Bond funds delivered to paymasters coming in so fast that everyone was in awe from the amount.
Private appointments are being made now.
Get your plans/projects together and don’t wait around for this to happen without being ready.
No straight cash will be given
You are in charge of your funds and can place funds in different accounts
Advisers will be there to assist you with your funds and will help guide you in your projects or choosing one on the list.
Everything is going well, still some that do not want this to happen, but all is safe.
You can take to your appointment: advisors/bank contacts (if you have already spoken to a specific person)/ friend/any person/s you want to assist you
Zim Cap information is changing daily but as of now they are paying as follows:
No Projects = $15 million no matter amount you might hold
With Projects = First two bond notes are 1 to 1, after this $25 million (per 100T) up to 30 bond notes. To negotiate further, you will need to return.
Safe link 800# will be released closer to go date.
Rates are EXTREMELY high.
We are almost at the end of the road.
All intel is saying “Next Week.”
A trusted military intelligence contact confirmed that GCR Liquidity release began at exactly 3:00 PM PDT on Wed. 7 Aug. 2024 and would unfold over the next 72 hours. “The Sovereign Committee and US federal government have just approved T4A and B payments – this has started Reno, Miami, and other East Coast states.”
Sources said the delays in setting Tier4b appointments (which were to be made starting Sat. 10 Aug. – didn’t happen.) were from making sure the QFS system and all the test clients were done perfectly so they can see their funds in their accounts (or hold SKRs) but would not be able to use these funds until the shotgun start has started.
The new currency rates were traded on the Forex till Sunday 11 Aug. at 5pm.
Over 1500 Farm Claims have been paid out.
Prosperity Packages National Guard deliveries started on Fri. 9 Aug.
Mid-September was anticipated to be a period of substantial activity of significant financial movement.
Read full post here: https://dinarchronicles.com/2024/08/14/restored-republic-via-a-gcr-update-as-of-august-14-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
CBI spokesman on television talking about the advantages and the different types of floating our currency is going to go through. He said there are two types of float. Free float and managed float. FRANK: ...You are in the monetary reform phase that is educating you on your new currency...new exchange rate...lower notes. This campaign is pounding the information about the next step of the monetary reform...Why are you floating your currency? Because they're adding value to it...Be ready at any moment
Walkingstick [Iraqi Bank friend Aki in Michigan] Question presented to Aki - Concerning the statement that was made by a representative of the WTO [about Iraq launching a fully convertible currency in October - See Frank26 post below]? AKI: I didn't hear anything about October... WALKINGSTICK: I would call it scuttlebutt because the interpreter was telling me that he says he's not sure about that...but he knows there are rumors out there about when this is going to happen. AKI: I did hear about the WTO guy. Maybe he's talking about a new currency that would be convertible prior to October but there is no mention at the banks about October being the date. If anything I have heard it is before that.
Ep 3425a - The [CB] Will Not Be Able To Weather The Economic Storm That Is Approaching
X22 Report: 8-13-2024
The debt level has grown to an unsustainable level for the people, as time goes the people will not be able to survive. The system is breaking apart and no matter what the Biden admin does it will fail. The [CB] will not be able to handle the economic storm that his approaching.
Economy And The Markets. WHAT IS ABOUT TO HAPPEN WILL BLOW YOUR MIND!
Greg Mannarino: 8-13-2024
“Tidbits From TNT” Wednesday Morning 8-14-2024
TNT:
Tishwash: Al-Sudani visits London to sign agreements
The British Ambassador to Iraq, Stephen Hitchcock, revealed that Prime Minister Mohammed Shia al-Sudani will visit London to sign some agreements between the two countries.
We want to expand the relationship from the cornerstone, to trade, combating climate change and drugs, and I think Mohammed Shia al-Sudani wants the same thing, and God willing in the coming months he will visit London, and we will sign some agreements," Stephen Hitchens said in a press statement.
TNT:
Tishwash: Al-Sudani visits London to sign agreements
The British Ambassador to Iraq, Stephen Hitchcock, revealed that Prime Minister Mohammed Shia al-Sudani will visit London to sign some agreements between the two countries.
We want to expand the relationship from the cornerstone, to trade, combating climate change and drugs, and I think Mohammed Shia al-Sudani wants the same thing, and God willing in the coming months he will visit London, and we will sign some agreements," Stephen Hitchens said in a press statement.
He added, "This period of the Iraqi Kingdom and the British Mandate, during which there were things we are proud of, including the infrastructure, laws, museum and bridges, and there were things that were investments in the country."
The British ambassador stressed: "We do not have the same values as our predecessors on this issue, and now we have entered a new period in the bilateral relationship, an equal partnership based on mutual respect." link
Tishwash: Iraq signs strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company
The Iraq Stock Exchange announced today, Wednesday, the signing of a strategic agreement to modernize trading mechanisms in cooperation with an Egyptian company.
A statement by the Iraqi Stock Exchange received by the Iraqi News Agency (INA) stated, "In a step aimed at developing and improving the investment environment in Iraq, and under the auspices of the Iraqi Securities Commission, the Iraq Stock Exchange signed a cooperation agreement with the Egyptian Company for Information Dissemination, after intensive discussions that lasted for more than six months."
He added, "The agreement includes licensing, use and maintenance of the remote trading system for investors ( OMS ), broker management ( Back Office ), and portfolio management for investors, for a period of five years."
He added that "signing this agreement represents a qualitative shift in the development of the Iraqi stock market," indicating that "Iraq is committed to providing the latest technologies to investors, which contributes to enhancing confidence and attracting more investments to the Iraqi market."
For his part, the CEO of the Iraq Stock Exchange, Faisal Al-Haimus, pointed out, “The importance of this step, as the remote trading system is a vital addition to our ongoing efforts towards developing the market’s infrastructure. The system’s experience in the Egyptian Stock Exchange has proven its efficiency over the past five years, and we are excited to see its positive impact on our market.”
He pointed out that "the new system includes smart applications that aim to facilitate trading operations and improve the investor experience, which reflects the commitment of the parties concerned to developing the financial sector in Iraq and achieving sustainable growth." link
************
Tishwash: The President of the Republic receives a message from his Chinese counterpart
President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at the Baghdad Palace, the Ambassador of the People's Republic of China to Iraq, Cui Wei, and received from him a message from Chinese President Xi Jinping, congratulating him on his birthday, wishing him success and guidance.
The Chinese President also stressed, according to a presidential statement, his great interest in developing relations with Iraq and his readiness to make joint efforts with President Rashid to continue deepening friendly cooperation and raise the Sino-Iraqi strategic partnership relations to higher levels.
The President of the Republic conveyed his sincere thanks and greetings to President Jinping for his generous feelings, praising the historical relations and bilateral cooperation between the two friendly countries.
During the meeting, the available potential to consolidate the growing relations between the two countries was emphasized, as President Rashid pointed to the need to expand the horizons of joint cooperation in the economic, technological and investment fields, especially the development of infrastructure and services, stressing Iraq's welcome of the diverse Chinese expertise to contribute to the development and growth of the industrial, agricultural and education sectors.
In turn, the Chinese Ambassador, Cui Wei, affirmed his country's commitment to strengthening its relations with Iraq in all fields.
The ambassador also reviewed the political, economic and industrial conditions in China, stressing that the recently held Communist Party meeting focused on strengthening reforms, improving production in all fields and opening up to countries of the world.
Media Department of the Presidency of the Republic link
***********
Tishwash: From Iraq.. A missile attack targets an American base in eastern Syria
On Tuesday evening (August 13, 2024), an American base in eastern Syria was subjected to a missile attack from western Iraq.
A field source told Russian media that "a missile attack targeted the vicinity of the American base in the Conoco gas field north of Deir Ezzor, eastern Syria."
He explained that "the bombing was carried out by a missile barrage from the desert in western Iraq, near the Syrian border."
This bombing comes about a week after the Ain al-Assad base, west of Anbar province, was subjected to a missile attack that resulted in the injury of a number of US forces working as advisors in the international coalition. link
Mot: Me Too ""Earl"" -- Come on ole ""RV"" so we can!!!!
Mot: . Thanx Granny!! -- I'm with Ya!!!!
Seeds of Wisdom RV and Economic Updates Late Tuesday Evening 8-13-24
Good Evening Dinar Recaps,
THESE QUOTES,RESEARCH, AND OPINIONS ARE FROM ASHELEY PROSPER ON X DEFINITELY WORTH A READ!!
We keep telling you XRP is the one. But you just won't listen. Maybe some of these quotes will help you see the truth.
Brad Garlinghouse "XRP is a bridge currency. We believe it has the potential to reduce liquidity costs and enable faster, lower-cost cross-border payments."
Christine Lagarde (President of the European Central Bank) "Ripple is doing a lot of work in facilitating exchanges and making sure that there is no need for a central counterparty, but that we know exactly who is doing what and who is exchanging what."
Good Evening Dinar Recaps,
THESE QUOTES,RESEARCH, AND OPINIONS ARE FROM ASHELEY PROSPER ON X
DEFINITELY WORTH A READ!!
We keep telling you XRP is the one. But you just won't listen. Maybe some of these quotes will help you see the truth.
Brad Garlinghouse
"XRP is a bridge currency. We believe it has the potential to reduce liquidity costs and enable faster, lower-cost cross-border payments."
Christine Lagarde (President of the European Central Bank)
"Ripple is doing a lot of work in facilitating exchanges and making sure that there is no need for a central counterparty, but that we know exactly who is doing what and who is exchanging what."
JP Morgan
"If Ripple wins SEC lawsuit, XRP is poised for significant adoption."
Bank of America (2019 Report)
"Ripple’s technology is attractive for its ability to settle cross-border transactions almost instantly."
David Schwartz
"XRP was designed to be a better Bitcoin."
World Economic Forum
"Ripple’s XRP is one of the most scalable and efficient digital assets available for cross-border payments."
Jesse Lund (IBM)
"Ripple’s approach with XRP is interesting as it provides a digital asset that can settle in real-time across multiple networks."
SBI Holdings
"XRP has the potential to become the global standard in digital currencies for cross-border transactions."
Chris Larsen
"We’re working with regulators, we’re working with central banks. I think that’s an important part of our strategy."
Christine Lagarde
"Ripple has addressed many of the issues associated with cross-border payments, particularly around speed, transparency, and cost-efficiency."
American Express
"Ripple offers a compelling proposition in cross-border transactions, reducing settlement times from days to seconds."
Bank of America
"Ripple’s solution can potentially bring substantial cost efficiencies in our cross-border transactions."
Yoshitaka Kitao
"XRP is the most efficient, scalable digital asset for payments, and it plays a pivotal role in the development of new financial infrastructure."
Cathy Bessant (Bank of America)
"We’ve been in partnership with Ripple for a while. We’re testing and piloting the use of blockchain technology in different areas where we see the potential for immediate value."
Marc Andreessen (Andreessen Horowitz)
"Ripple’s approach to leveraging blockchain for the financial industry shows immense promise. The speed and efficiency gains are remarkable."
Digital Currency Group (DCG)
"Ripple’s innovative approach to cross-border payments is setting new standards in the financial industry, and XRP plays a crucial role in this evolution."
Amazon Web Services (AWS) - Ripple Case Study
"Ripple provides one frictionless experience to send money globally using the power of blockchain."
Ross Leckow (IMF)
"Ripple’s technology can help enhance financial inclusion and improve the efficiency of the global financial system."
Ripple and Apple’s Collaboration with Interledger Protocol (ILP)
"Apple’s integration of Interledger Protocol, which Ripple helped develop, shows the potential for broader adoption of blockchain technology in mainstream tech ecosystems."
Google Ventures
"Ripple’s vision of instant, secure, and low-cost global payments aligns with the future of financial services. XRP’s utility as a bridge currency is an integral part of that vision."
Santander Bank
"We are excited to leverage Ripple’s technology to provide our customers with faster, more secure international payments, allowing us to stay ahead in the rapidly evolving financial industry."
Microsoft’s Azure Blockchain Workbench
"Ripple’s integration with Microsoft’s Azure Blockchain Workbench enables businesses to send and receive cross-border payments with unprecedented speed and security."
Tom Jessop (President, Fidelity Digital Assets)
"We see Ripple and XRP as one of the more mature and viable digital assets in the market, with a clear use case in cross-border payments."
@ Newshounds News™
Source: Twitter
~~~~~~~~~
Big news from the Seeds of Wisdom team! We're expanding and reaching new heights, thanks to the incredible support of Nate (Mr Anonymous) to take this on to help our community. To share valuable insights with even more people, we're launching a YouTube series! 🎥
Our inaugural guest is the knowledgeable Bob Lock who will share his expertise on planning and currency. Get ready to learn and grow! 💡
Don't miss this opportunity to gain wisdom from the best!
📣 Listen: YouTube ----- Date and Time To Be Announced Soon
Please Like and Subscribe on YouTube
Bob Lock: Link
Newshound's News Telegram Room Link
Q & A Classroom Link
All Rooms: Link
Website:Link
Subscribe:Link
@ Newshounds News™
~~~~~~~~~
Superstate integrates Chainlink for tokenized treasury fund
Superstate, a blockchain-based asset management firm, has integrated Chainlink’s technology as it taps into the growing tokenization market.
The asset manager will leverage the Chainlink Data Feeds to bring net asset value data for its tokenized treasury fund on-chain. In the announcement Superstate stated it aims to enhance the composability of its Superstate Short Duration US Government Securities Fund by utilizing Chainlink’s technology.
The integration enables the firm to access crucial off-chain data, essential for market pricing, utility, and transparency.
@ Newshounds News™
Source: Crypto News
~~~~~~~~~
IOTA launches blockchain tool to simplify music rights management
IOTA has introduced a new blockchain-based tool aimed at simplifying music rights management in the film industry.
IOTA (IOTA), a distributed ledger focused on the exchange of value and data, has unveiled a blockchain-driven tool designed to transform the management of music rights in films, addressing what the project describes as a traditionally time-consuming process.
The new solution, developed under the European Blockchain Pre-Commercial Procurement initiative and funded by the European Commission, leverages distributed ledger technology to streamline negotiations and secure intellectual property rights more efficiently, according to an Aug. 12 blog announcement.
The core of IOTA’s latest solution is the Smart Contracts for Media system, which automates contracts between film producers and rights holders. These smart contracts are self-executing digital agreements, intended to reduce the time traditionally required for negotiations and payment processes.
IOTA claims its solution promises to “revolutionize the way intellectual property rights are handled,” enabling producers to select predefined contract templates, make real-time adjustments, and finalize terms digitally. Once agreed upon, the smart contracts are deployed on the IOTA Smart Contract Chain, ensuring the agreements are immutable.
The tool also incorporates non-fungible tokens (NTFs) to represent rights and obligations. These NFTs contain unique identifiers that link to detailed data stored off-chain using the InterPlanetary File System (IPFS), a decentralized storage solution.
@ Newshounds News™
Source: Crypro News
~~~~~~~~~
Coinbase Urges SEC to 'Abandon' Its 'Irrational' DeFi Exchange Rule
The SEC’s move to regulate DEXs would make it functionally impossible for DeFi projects to exist in the United States, Coinbase wrote Monday.
Coinbase once again came out swinging Monday against the U.S. Securities and Exchange Commission (SEC’s) yearslong attempt to expand a bureaucratic definition of the word “exchange,” which if successful would bring the DeFi ecosystem firmly under the regulator’s purview.
In an eight-page comment submitted to the SEC on Monday, Coinbase Chief Legal Office Paul Grewal chastised the potential rule change as “arbitrary” and “irrational” in several respects, and urged the agency to “abandon its effort” to apply the proposed rule to decentralized exchanges (DEXs).
Fundamental to Coinbase’s argument against the change is the SEC’s continued refusal to concede that DEXs—which are run by automated, on-chain software (aka smart contracts) with little to no human management—are by definition incapable of complying with rules and standards designed for traditional securities exchanges like the New York Stock Exchange.
“DEXs cannot comply with registration and disclosure requirements designed for legacy financial exchanges managed by centralized companies,” Grewal wrote.
“And even if DEXs could somehow comply with existing registration and disclosure rules, the Commission does not explain how SEC-registered DEXs could facilitate the trading of digital assets.”
Because of these apparent tensions, Coinbase implied in its letter to the SEC today, the agency may well be attempting to outlaw DEXs implicitly, without saying so.
“The SEC benefits from robust engagement from the public and will review all comments submitted during the open comment period. Generally, we respond to comments received as part of the final rulemaking and not beforehand," an agency spokesperson told Decrypt following the initial publication of this story.
Coinbase further accused the SEC of failing to complete a proper cost-benefit analysis of the proposed rule change. That’s due to the fact that the regulator has only stated in blanket terms that it would regulate exchanges that deal in “crypto asset securities,” without defining which sorts of digital assets constitute securities and which do not.
The SEC’s longstanding refusal to draw such a line—between which cryptocurrencies it views as securities, and which it does not—remains one of the crypto industry’s greatest grievances with the agency. Insteading of putting forth such a framework, the SEC has opted to sue crypto projects it alleges constitute illegal securities offerings, one at a time.
The regulator has even, in recent months, appeared to flip-flop on its own views of certain crypto assets. For over a year, for example, the SEC reportedly secretly considered Ethereum to be a security. Then, in May, the agency abruptly changed course, approving the trade of spot Ethereum ETFs on Wall Street.
Because the SEC has not clearly defined which cryptocurrencies it considers to be securities, Coinbase wrote today, it cannot possibly have properly calculated an accurate cost-benefit analysis determining how much financial activity would fall under its purview if DEXs were regulated like securities exchanges.
“The SEC cannot rationally make these calculations without a single, stable view on which digital assets are subject to the securities laws,” Grewal wrote.
@ Newshounds News™
Read more: Decrypt
~~~~~~~~~
The SEC has been going after numerous crypto companies for billions of dollars. There was an article yesterday with negative comments on CFTC rules too. Congress needs to get some of those bills passed that define what entity regulates what so America can catch up to other countries regulating our new financial system. Taking companies to court and fining them billions of dollars is just hindering our progress.
I found these two bills that were introduced in the Senate two years ago but never passed.
Senate Bill S. 4760
Digital Commodities Consumer Protection Act of 2022 (DCCPA)
Introduced in Senate (08/03/2022)
To amend the Commodity Exchange Act to provide the Commodity Futures Trading Commission jurisdiction to oversee the spot digital commodity market, and for other purposes.
https://www.congress.gov/bill/117th-congress/senate-bill/4760/text
Senate Bill S.5030
Digital Trading Clarity Act of 2022 (DTCA)
Introduced in Senate (09/29/2022)
This bill establishes a safe harbor from securities regulation for certain digital asset exchanges and intermediaries. This safe harbor applies if (1) such digital asset is not classified as a security by the Securities and Exchange Commission (SEC) or by a U.S. court; and (2) the exchange or intermediary complies with requirements regarding listings, customer protection, and disclosures.
If a digital asset is determined to be a security and otherwise meets these requirements, the exchange or intermediary has a two year period during which the SEC may not pursue specified enforcement activity against the exchange or intermediary.
https://www.congress.gov/bill/117th-congress/senate-bill/5030
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Can Elon Musk Save The US Dollar?
Can Elon Musk Save The US Dollar?
Notes From the Field By James Hickman / Simon Black August 13, 2024
I was one of the millions of people listening to the live conversation last night between Elon Musk and Donald Trump.
And if you missed it, Trump was Trump. You pretty much know exactly what you’re getting with him, and there weren’t any major revelations.
Elon, on the other hand, came off as a genuinely concerned citizen who recognizes the problems facing the country and is exasperated why the people in charge aren’t implementing common sense solutions.
Honestly, I feel bad for the guy; Elon is blasted as a hard-core, right-wing nut job… and there are people who literally want to put him in prison because of his views.
But last night he said things like:
Can Elon Musk Save The US Dollar?
Notes From the Field By James Hickman / Simon Black August 13, 2024
I was one of the millions of people listening to the live conversation last night between Elon Musk and Donald Trump.
And if you missed it, Trump was Trump. You pretty much know exactly what you’re getting with him, and there weren’t any major revelations.
Elon, on the other hand, came off as a genuinely concerned citizen who recognizes the problems facing the country and is exasperated why the people in charge aren’t implementing common sense solutions.
Honestly, I feel bad for the guy; Elon is blasted as a hard-core, right-wing nut job… and there are people who literally want to put him in prison because of his views.
But last night he said things like:
- “the legal system is supposed to be protecting the public from violent criminals”- “we want safe and clean cities”- “we want secure borders”- “we want sensible government spending”- “we want to restore both the perception and the reality of respect in the judicial system”- “I’m pro-environment, but I don’t think we should vilify the oil and gas industry”
These are clearly not radical values, and my guess is that most people in the country would probably agree with his values.
About an hour into the call, Elon outlined what he thinks would bring prosperity back to the United States:
1) “Solve government overspending”. He correctly explained that extreme government deficits create inflation… so if you want to really get inflation under control, you have to stop the spending.
In theory, this shouldn’t be hard.
The Treasury Department expects to collect nearly $5 trillion in tax revenue this Fiscal Year (which ends on September 30th). And $5 trillion is an absurd amount of money.
As recently as five years ago (FY2019), $5 trillion would have been enough to pay for ALL federal spending and still have a surplus of more than $500 billion to start paying down the debt.
So, if they had simply frozen spending in place at FY2019 levels, even after adjusting for inflation and higher interest rates, $5 trillion in tax revenue this year should still be sufficient to keep the national debt from growing any further. And that’s without making any significant cuts to government spending.
But spending has increased by nearly 50% in five years. Is the government 50% better? Do taxpayers receive 50% more service? Clearly not. They’ve just let spending spiral out of control with no commensurate benefit to the taxpayer.
2) Deregulate.
Elon’s second point was that a lot of regulations are destructive and make no sense. Volumes and volumes of rules hold back businesses from innovating, hold back citizens from being productive. And that’s what the country truly needs to be prosperous-- innovation and productivity.
And those were his two big points… and that if a government can do those two things, the future can be much brighter.
He’s right, and the math clearly supports this view.
Various Presidential administrations over time have increased, or decreased regulations. When there have been decreases in the number of regulations, US economic productivity tends to increase, and overall GDP growth rises. During periods of growing regulations (like right now), productivity wanes.
Higher productivity means that the economy grows faster. And a faster growing economy means more tax revenue for the government. Combined with spending constraints, this would leave plenty of money left over to pay down the debt… or simply set aside for a rainy day.
Imagine being able to obliterate a major threat to the nation, or shore up security to the power grid, or support an ally, without having to go into debt? It’s unimaginable given today’s national finances. But with real productivity growth and sensible spending, it’s absolutely a reality.
Failing to do BOTH of these things most likely results in a pretty bad outcome for the United States.
If the debt keeps spiraling out of control, and government regulators continue to constrain productivity, it’s extremely difficult to imagine the US dollar remaining the world’s primary reserve currency.
Continued deficit spending and a ballooning national debt will create even more inflation and cause foreign governments, central banks, and businesses to lose confidence in the dollar. It’s already happening… and one of the reasons why gold is hovering near its all-time high.
The US dollar’s global reserve status is one of America’s premier financial benefits. Losing it would be disastrous… and Elon’s approach is pretty much the only way to save it.
Will it happen?
To Read More:
https://www.schiffsovereign.com/trends/can-elon-musk-save-the-us-dollar-151290/
Evening News with MarkZ, joined by Jeff Rahm, and Chief Fast Horse. 08/13/2024
Evening News with MarkZ, joined by Jeff Rahm, and Chief Fast Horse. 08/13/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
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...
Evening News with MarkZ, joined by Jeff Rahm, and Chief Fast Horse. 08/13/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
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/
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS OR BAD WEATHER HAPPENS!
Death of the Fiat Currency Regime and the Rise of Gold & Silver as Sound Money
Death of the Fiat Currency Regime and the Rise of Gold & Silver as Sound Money
VRIC Media : 8-13-2024
Lynette Zang and Rafi Farber believe that a new sound money paradigm is approaching as out-of-control government debt worldwide, geopolitical uncertainty, and the devaluation of fiat currency rapidly accelerates.
The duo discuss how financial engineering and manipulation of the economy has distorted markets beyond recognition and how to prepare for the inevitable collapse of the illusion and return to reality.
Death of the Fiat Currency Regime and the Rise of Gold & Silver as Sound Money
VRIC Media : 8-13-2024
Lynette Zang and Rafi Farber believe that a new sound money paradigm is approaching as out-of-control government debt worldwide, geopolitical uncertainty, and the devaluation of fiat currency rapidly accelerates.
The duo discuss how financial engineering and manipulation of the economy has distorted markets beyond recognition and how to prepare for the inevitable collapse of the illusion and return to reality.