News, Rumors and Opinions Tuesday AM 8-20-2024

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. 20 Aug. 2024

Compiled Tues. 20 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Mon. 19 Aug. 2024 Wolverine: “It is Tues. 20 Aug. here in Australia and it looks like it’s going to start today.”

Mon. 19 Aug. 2024 TNT: “On Fri. 16 Aug. they tested the system. On Sat. 17 Aug. because the system was live, they were paying “Front of the Line” people who wanted to be nameless. They said we should get paid out Sunday evening, or Monday morning, but here it is and we wait.

They are still expecting it today. They said it has been completed since Thursday. They hope to be done funding all Central Banks today before we go. People are being paid in the US already. It should be international sometime after two o clock into tomorrow morning Tues. 20 Aug.

I’m hearing people were exchanged at a live rate internationally. All the three letter agencies are saying it has been done since Thursday. They all agree it is a live rate. They say there are Wealth Managers calling clients to tell them they will be funded and liquid today.

 For people in Canada there will not be 800 numbers. The Canadian Bank System is different than the US. In Canada the five major banks will do the exchange. Foreign exchange is the responsibility of the government, not the banks. The banks can restrict smaller branches, but the government is in charge. All five major banks in Canada will be exchanging. In Canada at the time of the RV, contact one of the five major banks to do your exchange.”

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Sat. 17 Aug. 2024: BOOOM!!! A Comprehensive Disclosure of the NESARA/GESARA Global Economic System: Exploring the Benefits of a 100% Gold Asset-Backed Currency, Price Discovery, and… – amg-news.com – American Media Group

Mon. 19 Aug. 2024: Unbelievable! Iran Teams Up with BRICS to Launch the Quantum Financial System! – Gazetteller

Global Financial Crisis:

Mon. 19 Aug. 2024 Central Bankers are Criminal Money Swindlers: the Biggest Fraud Using Counterfeit Money, Peter B. Meyer

Get to know the greatest criminal money swindlers on this planet and learn how it was possible. There is no greater fraud than that perpetrated by central bankers. The Federal Reserve and the ECB have ‘illegally’ acquired a monopoly on money creation and supply control. They can increase or decrease their balance sheet at any time at no cost by buying assets with fake money, which is mostly perpetual government debt.

They have quintupled the adjusted monetary base since 2008 while keeping interest rates close to zero. In other words, they are constantly manipulating the money supply and interest rates while bailing out banks and financing massive government deficit spending.

Money is half of almost every transaction. To manipulate money is to manipulate the whole economic system.

The basic unit of the system is a type of money the world has never had before: the post-1971 fiat dollar and later the euro. It’s paper money – worth whatever people think it’s worth, managed by people who think it should be worth less over time.

The amount of liquid reserves banks have to hold against their loans is now so small that it places “almost no constraint” on the amount of credit the system can and has created.

Banks only have to maintain a certain “capital adequacy ratio”. This limits their lending to a multiple of their equity, the money provided by their shareholders.

Of course, money is only valuable as long as there is not too much of it. The market can absorb a little counterfeit money. But there’s a limit. And that limit has been greatly increased, thanks to (1) A global overcapacity of production, financed by past credit. (2) A huge glut of cheap labor, also largely created by the credit expansion of the past 30 years. Without these two unique circumstances, the irresponsible policies of central banks – QE and ZIRP – would probably have pushed inflation into double digits or even higher.

There’s no need to worry about how much governments can borrow. Central banks buy government bonds – hold them on their balance sheets – return the interest payments – and the whole thing is forgotten. And when those bonds mature, central banks can use the repaid principal to buy more government debt!

In effect, today’s gaggle of Central Bankers are doing something that Central Bankers of the past could only dream of: printing money without causing inflation.

Politicians, too, are enjoying this unique opportunity for recklessness. They will be able to do what no one could do before: borrow money without paying it back.

The public has not yet read about this in the press, but it will soon. However, readers who have understood the money scam explained previously already know that there is no need for governments to repay their loans to central bankers, because the money they lent to governments didn’t come from taxpayers, it came from nowhere, like the rest of the world’s money.

There are two kinds of money in circulation: (1) Money derived from energy is wrongly called ‘fiat money.’ (2) Money derived from NOTHING, created by central banks is ‘debt money’.

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MAGA General on Telegram: How About Restored Republic:

No Income Tax
No Tax on Wages
No Property Tax
No Inheritance Tax
No Sales Tax on Used Homes & Items
No Vehicle Registration Fee’s
No Licensing Fee’s
No Tax on Food and Pharmaceuticals
Dissolution of Federal Reserve Banks and IRS
How about returning the money stolen to Retiree’s from SSN
How about a 14-17% National Sales Tax on New Items Only
How about an increase in 61+ Retiree SSN Pmts up to $5,000.00 A MONTH
How about Restitution of Chattel Bonds to people abused by them
How about the Restoration of Common Law
How about the Restoration of the Titles of Nobility Amendment
The end to Admiralty-Civil-Equity Laws.

Read full post here:  https://dinarchronicles.com/2024/08/20/restored-republic-via-a-gcr-update-as-of-august-20-2024/

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

Militia Man  All the calls for Alaq to leave his post - They came at him all week last week.  But guess what, he's still in his position...When they treated his incompetence it's obvious they have an agenda.  They've been...trying to get him gone for over a year and haven't been able to.  It's obvious the US, the US Fed and Al-Sudani feel it's not necessary or they would have probably done it already.

Walkingstick   [Iraqi Bank friend Aki in Michigan]  The monetary reform is very solid.  Things are looking good...What happened with the CBI governor, he's not going anywhere.  The government can't fire Alaq in the same way Maliki fired the governor of the CBI Dr. Shabibi.  Maliki had no authority, he had no right to fire Dr. Shabibi.  Dr. Shabibi went and worked with the US Treasury to make sure the monetary reform plan was completed...

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Vietnam Currency Up in Value: Can Iraq Do the Same?

Edu Matrix:  8-20-2024

Vietnam Currency Up in Value: Can Iraq Do the Same Vietnam's GDP in the three months ending in June rose 4.14% from a year ago.

https://www.youtube.com/watch?v=rtD-39_RyoU

MilitiaMan: Iraq Dinar News -IQD Update - A ReCap of Events - PetroDinar - Al-Sudani Monetary Reforms - Underway

Iraq Dinar News -IQD Update - A ReCap of Events - PetroDinar - Al-Sudani Monetary Reforms - Underway

Militia/Man and Crew: 8-19-2024

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=UXTazPcWLUo

Iraq Economic News and Points To Ponder Monday Evening 8-19-24

A Government Advisor Expects An Increase In American Demand For Iraqi Oil.. And Explains The Reasons

Time: 2024/08/18 Read: 2,405 times  {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expects an increase in demand for Iraqi oil.

Saleh told {Euphrates News} agency, "There is an increasing trend in the United States' demand for Iraqi crude oil, as the US Energy Information Administration announced a significant increase in US imports of Iraqi oil during the current month of August 2024."

He added, "The continued increase in demand for Iraqi oil is mainly supported by increased economic activity within the United States. Available data indicate that US demand for oil in general, including Iraqi oil, has increased as a result of improved retail sales and more-than-expected US economic growth.

This growth has had a positive impact on higher oil prices and increased oil imports from Iraq, which has become an important position in meeting the needs of the US market."

Saleh continued, "This increase also comes within the framework of a general increase in Iraq's oil exports in recent years, driven by the country's increased capacity to produce oil and the rise in global demand, especially during the war in Ukraine."

He pointed out that "the trends of increase in US demand for Iraqi oil began at the beginning of this year. During the month of March 2024, US imports of Iraqi oil reached 7.75 million barrels, an increase of about 2.39 million barrels compared to the month of February, in which imports reached 4.68 million barrels of oil per month."   LINK

Oil Prices Fall Due To Chinese Demand Concerns And Middle East Tensions

Economy  | 08/19/2024  Mawazine News – Baghdad  Oil prices fell in early Asian trade on Monday, as concerns about weak demand in China, the world's biggest oil importer, weighed on market sentiment.

Investors also focused on progress in Middle East ceasefire talks, which could reduce supply risks, Reuters reported. Brent crude futures were down 13 cents, or 0.2 percent, at $79.55 a barrel by 0032 GMT.

West Texas Intermediate (WTI) crude futures were down 13 cents, or 0.2 percent, at $76.52 a barrel. Both benchmarks fell about 2 percent on Friday as investors tempered expectations for growth in demand from China, but ended the week largely unchanged from the previous week after a slew of U.S. data last week showed slowing inflation and strong retail spending.

“Continuing concerns about slowing demand in China have led to a sell-off,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.

“Another factor is the approaching end of the peak summer driving season in the United States.” “Tensions in the Middle East and an escalation in the war between Russia and Ukraine, which pose supply risks, are supporting the market,” he said.

Data from China on Thursday showed its economy lost momentum in July, with new home prices falling at the fastest pace in nine years, industrial production slowing and unemployment rising.

That has raised concerns among traders about weaker demand from China, where the country has cut its Refineries sharply cut crude processing rates last month due to weak fuel demand.   https://www.mawazin.net/Details.aspx?jimare=253566

The Central Bank Supports The Liquidity Of The Real Estate Bank With An Amount Of 2 Trillion Dinars

Banks  Economy News – Baghdad  The Central Bank announced, on Monday, supporting the liquidity of the Real Estate Bank with an amount of 2 trillion dinars.

The Central Bank's media office said in a statement, seen by "Al-Eqtisad News", that "it supported the liquidity of the Real Estate Bank with an amount of 2 trillion dinars, to meet the requests of citizens applying to purchase units in residential complexes in all governorates, starting with ready-to-move-in units."

It added that "an amount of 300 billion dinars was allocated to meet citizens' requests to purchase floors outside the complexes, which had previously obtained the necessary approvals from the Real Estate Bank."  24 views 2024/08/19 - https://economy-news.net/content.php?id=46492

Al-Suwani Directs The Adoption Of Economic And Reform Foundations For Restructuring Public Companies

Local | 08/19/2024  Mawazine News – Baghdad  Prime Minister Mohammed Shia Al-Suwani stressed, on Monday, the importance of adopting sound economic and reform foundations in restructuring public companies.

A statement from his media office received by Mawazine News stated that "Al-Sudani chaired the second meeting of the Supreme Committee for Restructuring Public Companies, to follow up on the efforts made in the field of restructuring some public companies, within the framework of the general administrative and economic reform that the government is pursuing in its program."

During the meeting, he pointed out "the seriousness of the government steps taken within the framework of targeting the reform of the work of public companies, and employing the public sector to contribute strongly to economic development, according to a mechanism that preserves public money and is based on sound economic foundations that support and activate the rest of the sectors."

The statement indicated that "the meeting approved the principles adopted by the subcommittee, and the process of classifying companies according to performance and specialization, in order to develop an accurate picture that takes into account the public interest."

The Prime Minister directed "the continuation of holding meetings of the Supreme Committee for Restructuring Public Companies, and at a more accelerated pace, in order to keep pace with aspects of economic reform in other sectors whose work is related to the tasks of these companies." https://www.mawazin.net/Details.aspx?jimare=253582

A Significant Decline In The Dollar Exchange Rate In Local Markets

Economy  | 08/19/2024  Mawazine News – Baghdad  The exchange rate of the dollar against the Iraqi dinar witnessed a noticeable decline this morning, Monday, in the markets of Baghdad and Erbil.

The dollar prices decreased with the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, where it recorded 149,100 dinars for every 100 dollars, compared to yesterday, Sunday, which amounted to 149,500 dinars for every 100 dollars.

In the markets of Baghdad, selling prices decreased in exchange shops, where the selling price reached 150,000 dinars, and the purchase price 148,000 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=253575

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Is There Any Point In Me Writing A Will?

Is There Any Point In Me Writing A Will?

 Maurie Backman     Moneywise

Sun, August 18, 2024 I’m 75, in poor health and I scrape by on Social Security alone. Is there any point in me writing a will?

I’m 75, in poor health and I scrape by on Social Security alone. Is there any point in me writing a will?

The average 75-year-old American has about $462,000 in retirement savings, according to the Federal Reserve, but not everyone has the cache needed to ease through their golden years.

Many people reach their senior years with few to no assets. They don’t have savings, they don’t own homes and they’re largely reliant on the money they get from Social Security to cover their living expenses.

If you’re older with no savings or assets of significant value, then you may wonder if it’s worth writing a will. After all, why spend the time and go through the hassle if there’s nothing to pass down?

You should know, though, that you don’t need a sizable estate for a will to make sense, because it’s not always about the money.

You Still Want Control Over Your Assets

You may sell yourself short, but remember, the things you own may have sentimental value and potentially hidden value. If you want to ensure your belongings go to specific people — whether it’s a grown child, a grandchild or a beloved nephew — then you need a will to spell that out.

Without a will, there’s no telling what might happen to your assets upon your passing. That means the $23 painting your daughter has always loved might not end up with her if you don’t make your wishes clear.

Furthermore, you never know which of your assets might be more valuable than expected. That old piece of jewelry you kept as a gift from a former flame? You might assume it’s worth next to nothing, but an appraisal might reveal that it’s a $1,500 piece. And that $23 dollar painting your daughter loves might be a priceless work of art, like that Dürer drawing bought for $30 at a yard sale.

Even the old clunker in your driveway may be worth something — if not to a new driver, then to a dealer that can sell it for parts. So it’s best to create a will so that there’s no confusion over who gets to inherit your possessions and to also potentially help your loved ones avoid conflict.

An Estate-Planning Step You Can Handle On Your Own

TO READ MORE:

https://www.yahoo.com/finance/news/m-75-poor-health-scrape-115100087.html

FRANK26….8-19-24….TEN YEARS

KTFA

Monday Night Conference Call

FRANK26….8-19-24….TEN YEARS

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

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

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=Q4nRJk-3aPk

More News, Rumors and Opinions Monday PM 8-19-2024

KTFA:

Clare:  Central Bank: Iraq is far from the "gray list"

8/19/2024   Baghdad

The Anti-Money Laundering and Terrorist Financing Office revealed that Iraq is far from being included in the gray list.

The representative of the office at the Central Bank, Hussein Al-Maqram, said, "After the completion of the international mutual evaluation by the international team of experts that Iraq recently underwent, which lasted 14 months, the technical commitment to the legal framework, regulations, instructions, and controls for combating money laundering and terrorist financing was evaluated."

He added, "The effectiveness of anti-money laundering and counter-terrorism financing systems was also evaluated, by providing statistics, in addition to practical cases, to prove the extent of implementation of the legislative framework, in addition to the field visit."   LINK

Clare: Parliamentary Finance Committee prepares to question the Governor of the Central Bank of Iraq after the Arbaeen visit

8/19/2024

 Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed on Monday that a request was submitted to the Presidency of the Council of Representatives to set a date to question the Governor of the Central Bank of Iraq regarding several files, most notably the exchange rate of the dollar against the local currency.

 Al-Karawi told Shafaq News Agency, "Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to question the Governor of the Central Bank, Ali Al-Alaq."

 He added, "The interrogation relates to several files, the most important of which are the dollar exchange rate, its sale to travelers, the currency buying and selling window, financial transfers abroad, cash financing, US sanctions, and negotiations with the US Federal Reserve."

 He stressed, "We were previously seeking to host the Governor of the Central Bank, but then a request was submitted by some members of the House of Representatives to question the Governor in the House according to legal procedures and to activate the oversight role to question government officials."

 Al-Karawi said, "After the Arbaeen visit, there will be a move to the Presidency of the House of Representatives to set a date to question the Governor of the Central Bank in Parliament."

 On August 8, Hadi Al-Salami, a member of the Parliamentary Integrity Committee, revealed that his committee had been following up for more than a year on the file of terminating the assignment of the Central Bank Governor, Ali Al-Alaq, from his position.

 Al-Salami explained to Shafaq News Agency that the committee addressed the Prime Minister several times to pressure him to end Al-Alaq's assignment, due to the existence of many violations against him.

 He added that the government program announced by the Prime Minister when forming the government includes the necessity of ending the management of positions by proxy after six months of forming the government, noting that Al-Alaq is still managing the position by proxy without any action to cancel his assignment so far.

 Al-Salami pointed out that there are many files and violations related to the Central Bank, which have been referred to the Integrity Commission and the Public Prosecution, indicating that these violations include issues related to the lack of control over the exchange rate in the market, in addition to millions   of dollars and interest received by Arab and foreign banks, including Jordanian banks.   LINK 

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

Militia Man  Article: "Government advisor explains the possibility of using the dinar instead of the dollar in oil sales" Saleh...is educating the people...They're keeping it fresh in the citizens minds as there's a likelihood there's going to be a big change coming.  That will likely reflect the flexible exchange rate system.

MarkZ   [via PDK]  Comment:  Many pundits are saying the 20th and 21st could be our big day.  MarkZ:  yes – a lot of the pundits say this…and I am getting the same from top bond contacts, group leaders –you name it.  It certainly makes me feel a little excited…but going to stay grounded ...There are still great expectations from everyone...and I know some people who are heading to their locations on Monday for preparations…So I am hoping Tuesday actually means something.

US Companies Boost Iraq's Energy Sector… Forbes Released Article Today

Edu Matrix:  8-19-2024

US Companies Boost Iraq's Energy Sector Forbes Released Article Today 8/19/24 Forbes Article: https://www.forbes.com/sites/dipkabhambhani/2024/08/19/us-companies-government-to-boost-iraq-energy-sector-to-temper-iran/

https://www.youtube.com/watch?v=2ftORZIEauI

LIVE! ECONOMY COMING APART FASTER... LOAD-UP ON COMMODITIES! STOCK MARKET GOING HIGHER.

Greg Mannarino:  8-19-2024

https://www.youtube.com/watch?v=S_Z9aeT6uFw

Seeds of Wisdom RV and Economic Updates Monday Afternoon 8-19-24

Good Afternoon Dinar Recaps,

US federal agencies are planning to redefine 'money' to include crypto in reporting rules

Federal regulators aim to treat crypto and traditional currency equally for financial institution reporting.

Key Takeaways
▪️US agencies aim to treat cryptocurrencies as traditional money for reporting purposes.
▪️Final rulemaking on crypto as money expected by September 2025.

Several top US federal agencies are collaborating to revise the definition of “money” to strengthen reporting requirements for financial institutions handling domestic and cross-border cryptocurrency transactions.

The US Department of the Treasury’s semiannual regulatory agenda, released on August 16, reveals an upcoming federal effort to level the regulatory playing field for cryptocurrencies and traditional fiat currency.

The Board of Governors of the Federal Reserve System and the Financial Crimes Enforcement Network intend to revise the meaning of “money” used in the Bank Secrecy Act.

According to the agenda, the agencies aim to ensure that the rules apply to transactions involving convertible virtual currency, defined as a medium of exchange that either has an equivalent value as currency or acts as a substitute for currency, but lacks legal tender status.

The proposal will also extend reporting requirements to digital assets with legal tender status, including central bank digital currencies.

The final notice of proposed rulemaking is currently scheduled for September 2025, subject to clearance. This move comes as the US government recently shifted approximately 10,000 Bitcoin linked to a dated Silk Road raid on August 14.

In addition to crypto, the Department of Justice is actively amending regulations and legal mandates for artificial intelligence.

On August 7, the DOJ asked the United States Sentencing Commission to update its guidelines to provide additional penalties for crimes committed with the aid of AI. These recommendations seek to expand beyond established guidelines and apply to any crime aided or abetted by simple algorithms.

In June, the US Supreme Court overturned the Chevron doctrine, significantly affecting the SEC’s regulatory authority over crypto policies.

In May, the US Treasury and IRS introduced new tax regulations for crypto brokers, requiring transaction reporting and record-keeping of token costs starting in 2026.

Earlier this month, Senators Wyden and Lummis criticized the DOJ’s treatment of crypto software services as equivalent to unlicensed money-transmitting businesses, highlighting potential conflicts with the First Amendment.

This regulatory push reflects the growing recognition of crypto and digital assets as significant components of the financial system. By aligning reporting requirements for crypto with those of traditional currency, regulators aim to enhance transparency and combat potential illicit activities in the crypto space.

@ Newshounds News™

Source: CryptoBriefing and Federal Register

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IOTA News: Tangle Treasury Implements New Anti-Fraud Measures to Protect Grant Distribution

▪️ The Tangle Treasury has implemented significant improvements in data and financial security, introducing a new anti-money laundering (AML) and counter-terrorist financing (CTF) policy.

▪️ Nicole O’Brien will lead as the AML/CTF officer for IOTA’s Tangle Treasury, overseeing adherence to best practices, improving internal protocols, and training staff.

The IOTA and Shimmer communities received an important update from the Tangle Treasury regarding the enhanced backend improvements. The latest advancements currently focus on boosting data and financial security while refining proposal reviews and grant management processes.

Thus, in an effort to mitigate risks associated with fund allocations, the Tangle Treasury unveiled a new counter-terrorist financing (CTF) and anti-money laundering (AML) policy. 

The broader goal here is to safeguard the Treasury’s primary mission of issuing grants to other promising projects while minimizing the risk of the funds falling into the hands of scammers and other malicious players.

These improved screening features will further enhance the Treasury’s operational efficiency while protecting community investments. As we know, the Tangle Treasury has made significant strides in enhancing internal processes while ensuring community funds’ safety.

With its AML and CTF policy, Tangle DAO has also implemented additional protective measures such as conducting rigorous background checks and enhanced know-your-customer (KYC) procedures for all the proponents as well as grant recipients such as proof-of-address, proof of identity, screening against sanction lists from major countries and blocs, as well as checks for politically exposed persons (PEP).

IOTA Tangle Treasury Appoints Nicole O’Brien

In order to oversee all these processes, IOTA’s Tangle Treasury has appointed Nicole O’Brien as its CTF/AML officer. In her role, O’Brien will ensure adherence to best practices, enhance internal protocols and provide training for staff members.

These advancements, along with improved data security, bookkeeping, and the introduction of standard operating procedures (SOPs) for finance administration and grant management, will help boost the Tangle Treasury’s efficiency and professionalism. Further updates, including a call for new proposals, will likely come in the coming weeks.

The IOTA Tangle is an innovative form of Distributed Ledger Technology (DLT) specifically created for Web3 while using a unique structure based on directed acyclic graphs (DAG) instead of the conventional blockchain model, per the CNF report.

Recently, IOTA has put a major focus on enhancing trust and security, especially for its Identity wallets, per the CNF report.

Also, the European Identity Wallet seeks to transform the Identity verification process by allowing users to log into websites without passwords while securely sharing verified information with simplicity.

In collaboration with the European Commission, IOTA has introduced a new prototype solution using distributed ledger technology (DLT) in order to boost the management of the intellectual property rights marketplace while allowing users to utilize automated, transparent digital contracts, eliminating the need for traditional negotiations, reported CNF.

@ Newshounds News™

Source:  Crypto News Flash

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Cardano Founder Charles Hoskinson Launches $1 Million Bug Bounty Challenge Ahead of the Chang Hard Fork

▪️ Charles Hoskinson, Cardano’s co-founder, has announced a $1 million prize for hackers who successfully breach its newly introduced Lace Paper Wallet.

▪️ At the Rare Evo 2024 event, Hoskinson highlighted the upcoming Chang hard fork and the transition to the Voltaire Era.

Cardano’s (ADA) Charles Hoskinson has announced a $1 million bug bounty challenge to the ADA community pending the implementation of the long-awaited Chang Hard Fork.

Speaking at the recent Rare Evo 2024 event, Hoskinson announced that the newly introduced Lace Paper Wallet would be the object at the center of this challenge, with participants expected to breach its defense.

 The Lace Paper Wallet Bug Bounty Program would run until the end of 2024, or someone successfully breaches its security and retrieves the Non-Fungible Tokens (NFT) inside.

The Web3 wallet was developed by Cardano’s (ADA) parent company, Input Output Global (IOG), with Paper Wallet integrated to beef up its security. According to reports, the added features would enable users possessing PGP keys to use a single encrypted QR code to restore their wallet.

This is, I think, the most secure paper wallet ever generated in the history of our industry.

In a video posted on X on August 17, Hoskinson expressed confidence in the wallet, boasting of its protection against attacks that encourage malicious actors to gain control of private keys to facilitate an authorized transaction.

Hoskinson Highlights Other Updates in the Cardano

At the Rare Evo 2024 event , Hoskinson highlighted the demonstration of the powerful scaling solution, Hydra, featuring the classic game “Doom”.

According to experts, this underscores its capabilities of handling high-throughput, real-time applications. Also, the expected Voltaire Era, which the Chang Hard Fork would introduce, was highlighted.

As we explained earlier, this upgrade would transfer governance controls to the community. According to Cardano’s Emurgo, the first phase was initiated in July 2024 with the next part expected in the fourth quarter of 2024 (Q4 2024).

The Chang Hard Fork is a technical component of the Voltaire era of the Cardano roadmap, which focuses on implementing a sustainable and distributed governance framework. With the first part set to be initiated in July 2024, the next part of the Hard Fork upgrade is set to happen by Q4 of this year.

The second phase would mark the full-force decentralized governance and an exit from the technical bootstrapping phase. The Delegate Representatives (DReps) are also expected to be introduced as a governance body.

In addition to the possibility of the SPOs voting on governance actions, a Constitutional Committee would be online to grow membership above the seven of the interim committee.

Finally, the community will take charge of the Treasury withdrawal.

Cardano users will be able to propose treasury debits via governance actions. The three bodies (Constitutional Committee, DReps, and SPOs) will vote on them, and if approved, ADA will be moved out of the treasury. 

From that point forward, the future of the Cardano blockchain will be in the hands of its community, along with its power to draft and ratify the Cardano Constitution. 

This will mark a monumental step not only for the network but also for the blockchain industry as a whole, as Cardano will be the first truly distributed and community-run blockchain network.

At press time, ADA was trading at $0.33, having declined by 2% in the last 24 hours.

@ Newshounds News™

Source:  Crypto News Flash

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Iraq Economic News and Points To Ponder Monday Afternoon 8-19-24

In Numbers.. The Central Bank Buys Dollars From The Ministry Of Finance In An Unprecedented Move Since 2003

Time: 2024/08/19 Read: 3,055 times  {Economic: Al Furat News} An economic expert revealed an “unprecedented” figure for the value of the dollars purchased by the Central Bank of Iraq from the Ministry of Finance during the month of July.

"The Central Bank of Iraq purchased $9.6 billion from the Ministry of Finance in July 2024, the highest value since the bank began purchasing dollars from the ministry in 2003," Manar Al-Obaidi said in a statement received by {Euphrates News}.

He added, "The purchases did not exceed this value during the past ten years except once in October of last year, at $10 billion."

Al-Obaidi explained, "Thus, the rate of dollar purchases from the Central Bank for the year 2024 has reached $5.9 billion per month, the highest over the past ten years, with an annual growth rate of 10%. The growth rate had previously risen in 2023 to 20%."

He attributed "this increase in purchases to the Ministry of Finance's need for local currency to cover its increasing expenses over the past years, especially with the increase in operating spending and raising the level of spending in the 2023, 2024 and 2025 budgets."

Al-Obaidi expected that "this rate will rise in the coming months with the Central Bank's inability to meet the need for Iraqi dinars, which may force it to increase the issued monetary mass to meet the ministry's expenditure needs."  LINK

Iraqis...Saving In Gold Instead Of The Dollar

 Time: 08/18/2024 Read: 1,859 times  {Economic: Al-Furat News} Iraqis tend to save in gold instead of the dollar, which causes its continued rise in the local market.

 Economist Salah Nouri told Al-Furat News:

 “Gold for government institutions and individuals is an investment haven as an alternative to the dollar in the event that the price of the dollar rises.”  He stressed,  "The increasing demand for gold leads to a continuous rise in its price." 

According to Nouri’s statement,   “There is almost certain information that the situation is intertwined between some citizens’ tendency to save in gold instead of dollars, and others to smuggle it out of Iraq after the difficulty of dollar transfers.”

While experts believe that citizens resorting to buying gold is due to the weakness of the banking system.

This was confirmed by financial affairs expert Mustafa Hantoush, saying that the

reason citizens resort to buying gold bullion to save their money is as a result of the

     weakness of the banking system,

     lack of confidence in this system, and

     fear for their money due to American sanctions.

This is why we see the majority of Iraqis turning towards gold bullion, especially in light of the rise in prices.

The yellow metal and this price is stable and does not fluctuate like the dollar.

Today, Sunday, gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, recorded a selling price of 21 karat gold from Gulf, Turkish and European gold at 531 thousand dinars, and a purchase price of 527 thousand dinars.

The selling price of one mithqal of 21 carat Iraqi gold was recorded at 501 thousand dinars, and the purchase price reached 497 thousand.

Regarding gold prices in goldsmiths’ shops, the selling price of a 21-carat Gulf gold mithqal ranges between 535 thousand and 545 thousand dinars, while the selling price of an Iraqi gold mithqal ranged between 505 thousand and 515 thousand dinars.

As for gold prices in Erbil, 24-karat gold sold for 605 thousand dinars, 21-karat gold sold for 530 thousand dinars, and 18-karat gold sold for 455 thousand dinars.   https://alforatnews.iq/news/العراقيون-الادخار-بالذهب-بدلاً-من-الدولار    

Social Impacts Of Economic Transformations

Economical 08/19/2024  D. Sorour Muhammad Khalil Saghir

 It is noted that the current economic transformations that Iraqi society is witnessing, which include the intervention of capitalism in our economy, have greatly affected the labor market.

These transformations are represented by fluctuations in oil prices and the trend towards globalization and digitalization, which resulted in noticeable changes in the structure of the family and the roles of its members, because with the entry The digital economy and the global market. Fluctuations in oil prices have increased economic instability and reduced job opportunities, which has burdened families with financial pressures.

 These pressures increase with rising unemployment rates, which may contribute to family disintegration.

Because of the difficulty of meeting life needs, which is witnessed by the majority of Iraqi families, as it causes a change in the distribution of roles within the family; Because individuals need to work more to support the family or adapt to unstable sources of income, individuals must adapt and focus on professional success and achieving financial independence.

As a result, we are now witnessing an increase in the participation of Iraqi women in the labor market to support the family financially.

 Many of them entered the fields of handicrafts, product marketing, and self-employment in many fields, and

this change resulted in an unprecedented movement for women, which led to changes in the traditional roles within the Iraqi home, so the role of women in supporting the family economy became clear, and at the same time

 This places a great burden on them, as the majority of working Iraqi women face difficulties in achieving a balance between work and family obligations, which affects their quality of life, in addition to social and cultural restrictions that affect their opportunities for professional advancement and financial independence.

 Therefore, I will discuss the impact of these economic transformations in more depth, based on the vision of sociologist Ali Al-Wardi, who pointed out that economic changes play a major role in shaping the social structure and interactions within the family, such as the transition from the traditional economy to a more modern economy, as Iraqi families face... New challenges include changes in lifestyle, increasing financial pressures, and a change in traditional social roles.

These transformations have increased the gap between generations, as the younger generation adopts new lifestyles and concepts that differ from those adopted by previous generations.

 In short, it can be said that the current economic transformations contribute In reshaping the social structure of the Iraqi family, where crises are dealt with in new ways that may redefine family relationships and social roles,

 therefore, adapting to economic changes requires a flexible response from Iraqi family members, and to address the negative effects of economic transformations in the Iraqi family, a group can be considered:

 Strategies that address various aspects of family life, including the

 first aspect: the role of the government in improving the education system, because education must be in line with the needs of the labor market, which requires actual application, because it is not logical for medical colleges to graduate large numbers of students annually.

 Public and private universities, which are not compatible with the needs of the labor market, which leads to exacerbation of the dysfunction in Iraqi institutions. The  second aspect: enhancing cooperation between educational institutions, companies and ministries.

 From these companies, young people can gain practical experiences during their studies, which improves their employment opportunities after graduation. As for The

 third aspect is the role of local authorities in providing successful programs to support low-income families or those affected by economic transformations, by providing direct financial aid or support in the form of soft, interest-free loans.

 All of this can reduce the financial pressures that families face and contribute to Its economic and social stability.  The

 fourth aspect is providing free education and vocational training, which play a vital role in addressing the negative economic impacts, by directing individuals towards acquiring new skills that are in line with the requirements of the modern market.

 finally; Economic policies must focus on achieving sustainable and comprehensive development, by adopting policies that encourage investment in small and medium enterprises.

This will enhance local economic growth and create new job opportunities, which contributes to improving the economic situation of families in the long term, and contributes to achieving a balance between growth and development. Economic and protection of vulnerable groups to ensure family stability in light of the current economic transformations.   https://alsabaah.iq/101272-.html    

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

They’re Now Staging A Banking Collapse, Why Did Warren Buffett Sell $50B in Stocks??

They’re Now Staging A Banking Collapse, Why Did Warren Buffett Sell $50B in Stocks??

Atlantis Report:  8-18-2024

Recently, there has been a lot of talk in the financial world about big stock sell-offs by well-known investors, including Warren Buffett.

Often called the "Oracle of Omaha" because of his exceptional investing skills, Buffett's actions in the stock market are closely followed and considered as signs of wider economic trends.

The news that Buffett's company, Berkshire Hathaway, sold off over $50 billion in stocks has caused a lot of discussion in the investment community, leading to speculation about the reasons behind these decisions and what they might mean for the global economy.

In the last several months, Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has sold over $50 billion worth of stocks, including massive chunks of Bank of America and Apple shares. Warren Buffett's recent stock sales are significant not only because of the sheer volume but also because of the companies involved.

 In May, Buffett sold $21 billion worth of Apple stock, and later, in December, he sold another $28.7 billion of other stocks. This follows a sale of $2.3 billion worth of Bank of America stock earlier in the year.

Combined, these sales surpass $50 billion, a staggering amount that has left many financial analysts and investors scratching their heads.

Buffett is not alone in his massive stock sell-off. Jamie Dimon, CEO of JP Morgan Chase, the largest bank in the world, sold $140 million worth of his own stock in the bank. This is notable as it is the first time in his 18-year tenure that he has sold such a significant portion of his holdings.

 Other high-profile CEOs and founders, including Jeff Bezos, Elon Musk, Mark Zuckerberg, and members of the Walton family, have also been selling off large amounts of stock.

https://www.youtube.com/watch?v=Tz0OouNvdi0

“Tidbits From TNT” Monday 8-19-2024

TNT:

Tishwash:  Government Advisor: “Petro Dinar” Requires Good Stock of Foreign Currencies and Gold

The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, explained today, Sunday, that "the adoption of the dinar in pricing oil, or what is called (petro dinar), requires, first of all, the availability of foreign reserve currencies or gold, as Russia did when it purchased Russian oil with gold-backed rubles, which caused problems that we will discuss later."

He added in press statements that "these foreign reserves must be available (as a necessary condition) and operate according to a high standard of efficiency that guarantees the stability of the exchange rate linked to oil (the petro dinar) in order to hedge against oil price fluctuations to ensure the stability of the exchange rate (the petro dinar) itself."

“Linking oil sales to the dinar on a fixed basis with oil prices instead of the foreign reserves base means linking the dinar to the oil asset cycle first, and that oil is sold according to global oil prices. If the exchange rate of the dinar (petrodinar) against the (petrodollar) is fixed, and oil prices fall, then the demand for the dinar for accounting purposes will certainly fall, and the dinar will be exchanged for oil in larger quantities and the demand for the (petrodinar) will be lower, and vice versa,” he added.

He pointed out that "any deviation between oil prices (petrodollar) and the exchange rate (petrodinar) according to international market data will be considered a cost that requires compensation by paying fewer dinars or collecting a higher dinar in the opposite case," indicating that "international reserve currencies are foreign currencies held by central banks and global financial institutions as part of their cash reserves. These currencies are used in international transactions and settling debts between countries, and are a standard for international payments and facilitating global trade."  link  

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

Tishwash:  Parliament falsifies the budget again.. Al-Mandlawi may lose his position!

 MP Basem Khashan confirmed the possibility of terminating the membership of the acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, if the charges of tampering with the budget tables that were recently revealed by the Prime Minister’s Office are proven, noting that the parliament committed legal violations in amending the budget tables and they were on their way to being published and implemented had it not been for the government’s scrutiny, indicating that many MPs were subjected to deception in this file.

The Council of Ministers had spoken of an increase of 15 trillion dinars in the last tables, and it was not included in the agreement, discussions and voting, requesting a re-audit.

Khashan said, in an interview with the media figure Ahmed Mulla Talal:

The budget tables sent by the Council of Ministers were changed and their allocations were manipulated in the House of Representatives in an illegal manner.

The forged schedules would have been published and implemented had it not been for the Cabinet's scrutiny.

Most of the budget schedules have been changed, and the process has been carried out by ignoring a large number of parliamentarians.

The legal violations committed by the House of Representatives in amending the budget tables are countless and are considered a major crime.

The funding for the ration card basket has been increased to 5 trillion dinars for contracts that include major problems.

Manipulation and alteration operations can be legally classified under the crimes of alteration with the intent to defraud, regardless of the size of the amounts and figures that were manipulated.

The acting Speaker of the House of Representatives is responsible for tampering with the budget tables sent to the Cabinet.

The Federal Court can terminate Mohsen Al-Mandalawi’s membership, if the charges of manipulation are proven.  link

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

Tishwash:  Iraq: Qusay Shafiq reveals major financial scandals and demands investigation

Public money scandals continue in Iraq

 Dr. Qusay Shafiq, a well-known activist on social media, sparked widespread controversy after revealing huge financial scandals related to the management of public funds in Iraq. He accused the government and parliament of manipulating the financial budget tables, wondering about the fate of tens of billions of dollars that were not spent transparently.

Shafiq referred in a tweet on the “X” website to what he described as the “theft of the century,” which the Integrity Commission estimated at $2.5 billion, equivalent to 4 trillion Iraqi dinars. However, he expressed his surprise at the large gap between this figure and the ongoing corruption in manipulating the budgets of recent years, as he revealed that the manipulation of the 2024 budget tables reached about $10 billion.

In a related context, Shafik touched on the Food Security Law, noting that about $20 billion has been allocated to it, but he wondered about the entities that monitored the disbursement of this money, stressing that the Ministry of Finance and the Central Bank have not received any of this money so far. He added, “$10 billion was spent on infrastructure projects, but where did the remaining $10 billion go?”

Shafik discussed the budgets of previous years, including the budgets of 2014, 2020, 2022, and 2023, noting that no funds were disbursed to the governorates from the 2023 budget. This raised questions about how the authorities deal with public funds, especially in light of the Central Bank’s report, which indicated that the cash reserve had not increased despite the significant rise in oil prices due to regional conflicts.

Qusay Shafiq concluded his statements by calling for a comprehensive investigation into previous financial deals, stressing that the people’s money is a trust that must be preserved. These statements come at a time when Iraq is witnessing increasing pressure from citizens and international observers, who are demanding greater transparency and accountability in the management of public funds.

Shafiq's statements are a strong call for regulatory bodies and government authorities to take urgent action to curb corruption and clarify the fate of the allocated funds, as the Iraqi people await answers on how their financial wealth is managed.  link

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

Tishwash:  Urgent In numbers.. The Central Bank buys dollars from the Ministry of Finance in an unprecedented move since 2003

An economic expert revealed an “unprecedented” figure for the value of the dollars purchased by the Central Bank of Iraq from the Ministry of Finance during the month of July.

The Central Bank of Iraq purchased $9.6 billion from the Ministry of Finance in July 2024, the highest value since the bank began purchasing dollars from the ministry in 2003," Manar Al-Obaidi said in a statement received by {Euphrates News}.
He added, "The purchases did not exceed this value during the past ten years except once in October of last year, at $10 billion."

Al-Obaidi explained, "Thus, the rate of dollar purchases from the Central Bank for the year 2024 has reached $5.9 billion per month, the highest over the past ten years, with an annual growth rate of 10%. The growth rate had previously risen in 2023 to 20%."

He attributed "this increase in purchases to the Ministry of Finance's need for local currency to cover its increasing expenses over the past years, especially with the increase in operating spending and raising the level of spending in the 2023, 2024 and 2025 budgets."

Al-Obaidi expected that "this rate will rise in the coming months with the Central Bank's inability to meet the need for Iraqi dinars, which may force it to increase the issued monetary mass to meet the ministry's expenditure needs."  link

Mot:  . Better safe than sorry 

Mot: pickles loves cheese

“Coffee With Zester” Monday Morning Chat 8-19-2024

Coffee with Zester

Some highlights by PDK-Not verbatim

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:  GM Zester, mods, and RV family

Zester I am hoping this is the week we are all blessed.

Zester: Pops (MarkZ) is currency undergoing the stem cell treatment. He is in good spirits. He will give an update as soon as he can about the first treatment. Please keep pops in your thoughts and prayers.

Zester: MilitiaMan gave a great update on articles last night (Be sure to go listen)

Zester:  “ CBI sells $271 million in forex on Monday”  This is $271 million dollars for Iraqi dinar. This is a regular occurance via the auctions. This article

Zester We are expecting a bond update tomorrow mid-day.

Member: Anyone else think it would be massively ironic if the RV happened while MarkZ is away?!

Member: Zester- when do you think the RV will happen?

Zester: I always thought it would be great fun for it to happen while pops is on a break…keeping my fingers crossed it happens in the next couple of days…but, no one knows…..If it was my choice it would have happened years ago. But I am confident it will happen.

Member: MarkZ said on Saturday to watch today and tomorrow for possible big bond news…..so thanks Zester for keeping us posted.

Member: IMO it will happen between today and Weds. Watch for something big to happen today

Member: IMO- Iraq wants its money valued as high as possible in order to benefit its people and to entice other countries’ to invest in Iraq and be willing to bring heavy equipment to build buildings, bridges

Member: Zester thank you for your dedication and hard work

Member: Prayers for pops…..for healing and recovery….everyone have a great day.

Stacie Z joins the stream today . Be sure to listen to the replay for her information

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

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

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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.

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

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

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