Thoughts From DJ: “Why the GCR will Happen”

DJ:   DID YOU KNOW?

Sept 1st Post 2024 ( Why the GCR will Happen)

Through all the F-Flags and guesstimated time frames, concerning the release of the GCR, that have failed to manifest, we cannot lose track of the fact that it not only is going to happen but has to happen.

At the core of the GCR proposition lies the desire to rectify the distortions caused by decades of quantitative easing and excessive money printing by central banks. The overproduction of fiat currencies has led to inflationary pressures, devaluation, and growing public debt burdens, eroding trust in existing monetary frameworks. Making the transition to a more robust system is required.

Such a monumental shift entails a comprehensive reevaluation and realignment of world currencies, aiming to address systemic imbalances and restore stability.

The reason it has to happen is apparent. The global financial system, as it stands, is riddled with inefficiencies, vulnerabilities, and inequities that stem from decades of reliance on flawed mechanisms. These issues, including rampant inflation due to excessive money printing, the centralization of power in a few key institutions, and the instability of fiat currencies, demand a comprehensive overhaul.

To fix the system, a multidimensional approach is necessary, addressing how money is valued, the forms of currency in use, and the infrastructure that supports transactions.

 A fundamental problem with the current system is the reliance on fiat currencies, which are susceptible to manipulation and inflation. To address this, the value of money needs to be anchored to a stable and universally accepted benchmark, such as a basket of commodities (including gold, silver, and other tangible assets) or a diversified portfolio of global economic indicators.

This will reduce the volatility inherent in fiat currencies and discourage irresponsible monetary policies that lead to devaluation and economic instability.

The future of currency is leaning towards digitalization, but with important caveats. Electronic currencies offer significant advantages, including efficiency, traceability, and security. However, they must be designed with robust privacy protections and decentralized governance to prevent a***e by centralized powers.

 Blockchain technology, with its transparent and unchangeable  ledger, presents a foundation for such a system, provided it is scaled to accommodate global usage and its energy consumption is managed sustainably.

Even though the world moves toward digital currency, printed currency will not be entirely eliminated. It remains crucial for ensuring financial inclusion, especially in regions with limited access to digital infrastructure. A hybrid system, where digital currency is the primary medium but printed currency is available for specific situations, is the balanced approach.

 The current payment systems are outdated, slow, and expensive, particularly for cross-border transactions. A reformed financial system will employ advanced technologies like blockchain or other decentralized ledger systems to facilitate fast, low-cost, and secure transactions across borders. The key here is interoperability, ensuring that different systems can communicate seamlessly, reducing friction in global trade and investment.

 Fixing the global financial system is no small task, but by anchoring money to stable, tangible assets, transitioning to a primarily digital currency system with controlled physical currency, and overhauling payment systems with cutting-edge technology, we create a more stable, fair, and efficient global economy.

In the end these are all mechanisms needed to complete a GCR. But before these mechanisms can be implemented there must be a substantial cultural shift. Cultural acceptance of new technologies, such as blockchain and digital currencies, is critical. This requires overcoming fears and skepticism about digital transformation, especially concerning privacy, security, and the role of traditional institutions. A cultural shift towards embracing innovation, transparency, and decentralization is necessary before these technologies can be effectively integrated into the global financial system.

In our desperation to see the baby we forget there has to be a pregnancy first. Everyone keeps saying the baby is here, but when we ask to see the baby, it’s always “no she is still in labor”. In reality the planet is still working on the relationship ( Cultural Acceptance) and we are just now getting to the get pregnant part.

As for me, skip the pregnancy and show me the baby!!!

DJ

https://dinarchronicles.com/2024/09/02/the-office-of-poofness-weekly-report-update-from-poof-susan-and-dj-9-2-24/

Coffee with MarkZ and Andy Schectman. 09/03/2024

Coffee with MarkZ and Andy Schectman. 09/03/2024

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 morning Mark, Mods and RV family

Member: So another 3 day weekend bites the dust.

Member: Hoping Mark has big RV news today .

Meber: What is your feeling on why this never comes to fruition? Are we now waiting for the election. Man this is hard.

MZ: I don’t think we are waiting on the election. I think things are being forced through as we speak.

Member: The Greatest Stall of All-Time...Iraq

Member: I'm super positive that this is our WEEK. I'm feeling "by Friday" for notifications to make appointments. My vibes.

MZ: I would not be surprised if your feelings are accurate.

MZ: “Iraq admitted by the order of the IMF that they have to back up their currency”  Currencies with gold to face the fluctuations of currencies. The IMF is pushing Iraq to purchase ore gold.

MZ: For anybody paying attention….We are going to a gold standard. Just like Denmark Central bank told you- “we are preparing for the inevitable creation of a new Gold Standard.”

MZ: It is coming. The Philedelphia office of the Fed penned a similar article saying “The only answer to all of this os to go to a gold backed currency. That is where we are headed.

MZ: Iraq is being pushed by the IMF to do this. The IMF is seeming going counter to the Federal Reserve right now and pushing commodity rich nations to go gold backed. Read the writing on the wall. The fiat world is coming to an end.

MZ: We do not know the timing …but we know it is happening. Some time in the next week or two we could see a massive correction in our markets- which would most likely force this event…..The closer we get to this -the more I think they are going to implode the markets to reset them and make re-pricing easier…. .

MZ I am very curious to see what progress they have made today.

MZ: I have a number of excited Bond people, Group people and Indian Nation People, Prosperity Package People and CMKM people going into today…..They say the next 24-48 hours should be very telling of where we are at in the process…..

Member: I heard Zimbabwe is already gold backed???.

MZ: Zimbabwe has done something in between. When you look at what Zimbabwe, BRICS and CIPS has done….Look at the new MBridge and XRP has done with cross-border payments…..The plan 20 or so years ago was to create a fail-safe system that would occur on its own if the fiat world refused to do the right thing  and reset…So a plan was put in place to bypass the SWIFT system ,The Federal Reserve, and Rothschilde banks that refuse to go quietly into this good night….……and we see that happening…

MZ: CIPS is for moving money and an asset backed options that people will naturally want to use when inflation starts running…..Which system do you want to keep your money??? This system was created to be a safety net under the worlds finances…..and alternative for when fiat crashes…..and I very much believe it will look like doomsday or an apocalypse in the financial markets…. And then we will get the official reset. I think that trigger will hit us this month..I could be wrong…but think the trigger hits this month and forces the change….

Member: Personally  I wish we all could join BRICS.

Member: Will the RV wipe out debt?

MZ:  It is my understanding –yes. If we look at this historically –every time they have gotten off fiat for god backed or commodity backed money…it has wiped out debt. Part of the reason they have to reset is debt has become untenable. This is a worldwide bankruptcy. They have to erase debt before they can reset…..to get to an even starting point…and start again..

Member: I hear we are waiting on bond folks to get their background check completed?

Member: Heard Bond holders have exchanged their bonds, BUT, they have yet to be ALL receipted in the QFS. Bondholders go through a a series of background checks and have their bonds verified.

Member: Receipted in the QFS means the bonds are assigned a physical serial number based on lot size (gold bar) and gets registered to that bar or asset.

Member: That bond now becomes a 'soliditity of funds' and is ready for disbursement by the QFS. This is what I call logistics of funding.

Member: October 1st all banks must be Basel 3 compliant

Member: October 1st is also the first day of the new US fiscal year…..

Member: A prayer before I go: Dear God, please show Iraq Dinar and VND on Forex later today with wonderful news for us all. in Jesus' name. Amen!

Member: Wishing all the most beautiful day you have ever had!!!

Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his opinions and 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

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

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

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

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=aMa6u-RdBeI

Here’s Why Having 2 or 3 Bank Accounts Isn’t Enough,

Here’s Why Having 2 or 3 Bank Accounts Isn’t Enough, According to Money Expert Martin Lewis

Vance Cariaga   Mon, September 2, 2024  GOBankingRates

Although there are vast differences in the amount of wealth Americans have amassed, one thing almost everyone has in common is a banking relationship. Nearly 96% of U.S. households have a checking or savings account at a bank or credit union, according to the latest FDIC data.

Research from Consumer Affairs showed that the average consumer had a total of 5.3 accounts across financial institutions as recently as 2019, though many have only one or two.

More Bank Accounts Could Mean Better Money Management

If you belong to the latter group, then financial guru Martin Lewis recommends adding more accounts. Lewis, founder of the UK-based MoneySavingExpert website, recently said on his podcast that you might benefit from having 10 accounts or more, The Express reported. He compared savings accounts to a “tower of champagne glasses” where you fill one glass and then move on to the next.

“The perfect way to save is you pour your money into the account that pays the most,” Lewis said. “It might be tax-free, it might be because it only allows a small amount. Once you fill that, you trickle down to the next level then trickle down to the next level.”

He conceded that this system is not necessarily for everyone — mainly because it requires hard work to stay on top of it.

“The biggest sin in savings is that most decent rates only last for a year or so and then you have to be on top of it to ditch and switch when it ends,” Lewis added. “It’s only for the type of people who will be constantly on top of it, maybe even modelling it through a spreadsheet to manage it well. Most people want a simpler solution with two, three, maybe four accounts at most but not going into 10 different accounts.”

TO READ MORE:  https://www.yahoo.com/finance/news/why-having-2-3-bank-200019928.html

Iraq Economic News and Points To Ponder Tuesday AM 9-3-24

Revealing The Total Value Of The “Theft Of The Century”
 
September 2, 2024  Baghdad / Iraq Observer  Today, Monday, an official source revealed the total amount of the theft of tax deposits, while indicating that those involved in facilitating the checks were placed in prison.  The source said, according to the official agency:
 
 “The total amount of the theft of tax deposits amounts to 3 trillion and 800 billion and 57 million dinars.”  [$2,900,806,870 USD]  He added,   “This amount was stolen via checks from the depository bank account at the banks and belongs to various foreign companies.”

 He stated that  “all the names that facilitated the process of issuing the instruments within the Tax Authority have been arrested and are now in prison,”

pointing out that a Chinese company, among the companies that were deposited with the tax deposits, confirmed that it had not been granted any transfer letters allowing the withdrawal of these amounts.
 
The head of the Integrity Commission, Haider Hanoun, had previously confirmed that the Ministry of Finance and the General Tax Authority provided us with the amount of the theft of the century, indicating that the theft of the century contains within it “the head of corruption.”  https://observeriraq.net/الكشف-عن-القيمة-الكلية-لـسرقة-القرن/   

Corruption In Iraq With “Political Protection”.. Parliamentary Bloc: We Identify The Corrupt And Cannot Hold Them Accountable

Politics | Yesterday, 10:02 |Baghdad today – Baghdad  Today, Monday (September 2, 2024), the Parliamentary Amal Bloc confirmed that there is protection for some corrupt and negligent people that prevents the Iraqi Council of Representatives from exercising its role in holding them accountable.  

The head of the bloc, Representative Yasser Al-Husseini, told “Baghdad Today” that “there are negligent people and there are many great suspicions of corruption in various ministries and on the work of some ministers, but
 
at the same time there is political protection that prevents these people from being held accountable and interrogated in the House of Representatives, by the controlling parties.” On the governmental and parliamentary scene.  Al-Husseini stated,
 
“Many of the representatives and parliamentary committees identify many cases of negligence and suspicions in the work of the ministries and some officials,
 
but any move by these representatives results in pressure to prevent any move for accountability or interrogation, and
 
for this reason you find the House of Representatives without a real oversight role due to the political protection of negligent and corrupt people.”.
 
Iraq is classified among the most corrupt countries in the world, in the Corruption Perceptions Index for 2023 issued by Transparency International, as Iraq ranked fifth among the most corrupt countries in the world.
 
The former Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, confirmed during her recent briefing on Iraq before the UN Security Council that corruption is still continuing in Iraq, noting at the same time that its treatment is not at the required level.

This was also confirmed by the German Ambassador to Iraq, Christiana Homann, in her first appearance after assuming the position, where she said,
 
“Yes, there are German investors who were asked to pay some kind of bribes and royalties in exchange for obtaining contracts, but they did not pay, as the matter is illegal in our country and they will be punished.” The law if they do so.
 
Iraqi officials do not deny the existence of rampant corruption in state agencies, through their political speeches and seminars to the media.
 
Everyone knows that the only issue that the political forces participating in the government have agreed upon is dividing the ministries and state institutions and turning them into sources of rent for them.
 
This deep-rooted corruption is a serious obstacle to the country's development, undermining people's confidence and paralyzing all efforts to provide basic services to citizens, according to observers.   
 
https://baghdadtoday.news/257005-الفساد-في-العراق-بـحماية-سياسية.-كتلة-نيابية-نشخص-الفاسدين-ولا-نستطيع-محاسبتهم.html   

A Legal Document Detailing The Opening Of Corruption Files In Previous Governments
 
September 2, 2024  Baghdad/Iraq Observer  Followers commented on the government’s efforts to fight corruption by saying:
 
“This is credited to the government of Muhammad Shiaa Al-Sudani, which has shown a significant decline in corruption operations and in various official sectors, while they indicated that
 
those who work to distract it from its national approach confirm that it is from the opposite side of some of the parties that were attacked.” Its interests, which have no balance due to it.  They said:
 
“The campaigns aimed at arousing public opinion and obstructing the state’s work in various fields mean that there are those who insist on backwardness and barbarism,” while
 
they commented on the inaccurate information that was provided to divert the investigation from its correct path, and that
 
direct accusation of the government regarding issues that are now subject to judicial review.
 
“It confirms once again that they have been banned and may be involved in corruption cases.”

And you have life in retaliation
 
In turn, legal researcher Ali Al-Tamimi confirmed:  
“The Sudanese President’s opening of an investigation into the raised cases of corruption, eavesdropping, fraud and fraud in previous sessions is a legal procedure in accordance with Article 17 of the State Employees Discipline Law and also Articles 15 and 16 of the Cabinet Regulations 2 of 2019.”

 Al-Tamimi told the  “Iraq Observer” agency that what the committee decides is what is binding either on referring the accused to the judiciary and everyone whose name appears in the investigations or making administrative decisions regarding withdrawal and residency, and
 
this approach is what the Sudanese government clearly confirmed in the ministerial curriculum.  The legal expert explained:
 
“The major campaign launched by the Integrity and Crime Follow-up Commission in accordance with the principle that no one is above the law, including those accused of special degrees, whatever they may be, is an approach that is consistent with the goals of criminal punishment that aim to deter and achieve social justice.
 
It is also consistent with the philosophy of criminal law that It aims to prevent the commission of crimes in the future, according to the principle of cleaning the ladder from top to bottom.  According to Al-Tamimi:
 
 “This campaign needs to be implemented retroactively, especially since these crimes are not subject to statute of limitations or the passage of time, and
 
they relate to public funds in accordance with Article 27 of the Iraqi Constitution, and it follows an internal and external line in terms of recovering the accused and the funds.”
 
The legal expert pointed out that this needs to be accompanied by a media and awareness campaign about the seriousness of these crimes and their harsh punishments according to Iraqi laws. Also,
 
we should not forget the role of clerics and schools and we suggest that these crimes be taught in schools and colleges, to work according to a future strategy.  He stated:
 
 “The Integrity Commission also dared us with another principle, which is money before the accused, and it also helped in recovering the looted money internally and externally.

  He concluded:   
 “A step in the right direction, and we appeal to the brothers working in the Integrity Commission to take these measures that we are in dire need of, in order to preserve our beloved society.”
 
National approach
 
Government spokesman Bassem Al-Awadi said yesterday, Sunday, that the
 
government is continuing to fight corruption, while noting that there are those working to distract it from its national approach.  Al-Awadi said in a statement:
 
“The government, based on its commitment and legal responsibilities, is following misleading campaigns aimed at obstructing its work in various fields, including the inaccurate information that was presented that contains innuendo, and
 
some of it includes direct accusations against the government regarding issues that are now subject to judicial review, as it waits.”
 
What will be issued by the executive authority in this regard, with the government’s continued emphasis on adherence to the law and respect for judicial decisions.”  He added,
 
“The government emphasizes continuing to fight corruption and all forms of infringement of the law, in continuous and close cooperation with the judicial and legislative authorities.
 
In this path, it also relies on the vigilance and awareness of the citizen so that he does not become a victim of those who distort the facts and deliberately mislead public opinion.”  He pointed out that
 
“there are those who are working to drag the government and distract it from its national approach through desperate attempts that do not stand up to the real and actual legal measures that the government is working to implement and support.
 
The past two years of the government’s life have demonstrated the strength of will in this direction and the continued determination to implement reforms.”
 
And do not neglect public rights, regardless of the pressures and consequences.”  
 
https://observeriraq.net/قانوني-يسرد-تفاصيل-فتح-ملفات-الفساد-في/   

What Do Foreign Oil Companies Have To Do With The Theft Of The Century? Expert Explains
 
August 29, 2024  Baghdad/Iraq Observer  Many countries suffer from the phenomenon of tax evasion, as it is something that these countries are accustomed to.
 
The issue of evading taxes by some companies is normal and possible, but what is happening in Iraq is an attempt to extend the responsibility for financial violations to these companies.
 
Although financial violations were detected in the taxes paid by foreign oil companies during the period between 2017 and 2021, they are considered accumulations over several years.
 
In this regard, Hammam Al-Shamaa, professor of economics at the University of Baghdad, confirmed that the  process of tax evasion or the presence of violations between the amounts calculated by the General Tax Authority and what the companies charged with paying the tax are trying to evade as much as possible is a normal issue.  Al-Shamaa told the Iraq Observer,
 
 “The laws in Iraq are not so strict as to make tax evasion a major crime and entail severe penalties, and the  tax evasion or violations referred to by the Financial Supervision Bureau are accumulations that have resulted over several years, amounting to approximately 350 billion dinars.”  

He added,   “These violations are not always in the interest of the state.
 
The General Tax Authority, through the assessor or the responsible party such as the company’s accountant, carries out a kind of bargaining with the company in question to reach an agreed upon number, after which payment is made by the company.”  He continued,
 
 “But it also appears that the General Authority for Taxes has not held companies accountable, as it has made money accumulate such that tax deposits have become idle, and
 
there is an attempt to shortchange companies, not just Nour Zuhair with the scandal of theft of the century and tax deposits, as some are trying to extend responsibility to companies.”
 
The annual report for 2023 issued by the Financial Supervision Bureau revealed that there were differences of more than 366 billion dinars between the amounts calculated by the General Authority for Taxes based on the books of the Ministry of Oil and the amounts paid by foreign companies.   
 
https://observeriraq.net/بشأن-المخالفات-الضريبية-معني-بالشأن-ا/   

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

News, Rumors and Opinions Tuesday AM 9-3-2024

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. 3 Sept. 2024

Compiled Tues. 3 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors/ Opinions)

Mon. 2 Sept. 2024 MarkZ: “We are hearing all kinds of rumors that everything started ripping on Sun. 1 Sept. and they are “releasing the hounds of the RV.” Tons of rumors. Tons of contacts saying “This is it.” There are a substantial amount of rumors that Indian Nations are about to have funds released to their people…along with alerts for Fines and Penalties, CMKX, and Prosperity packages. I am hearing extremely positive things for today and tomorrow on F&P’s.”

Mon. 2 Sept. 2024 Wolverine: “Everything is ready to go. Everything is in place. Good news coming out of Zurich. Get ready for tomorrow Tues. 3 Sept. …On Sun. 1 Sept. the Banking sector was notified that the mechanism to exchange foreign currencies and Securities has gone live. We are finally here. God bless.” Your friend, Wolverine.

At a Thurs. 29 Aug. 2024 Central Bank meeting it was decided that the start for the Global Currency Reset of 48 countries will be Tues. 3 Sept. 2024.

Managers will receive monies from Wed. 4 Sept. 2024 through Fri. 13 Sept. 2024.

Mon. 2 Sept. 2024 CONFIRMED! The QFS Rollout is Forcing Banks to Redistribute Wealth Right Now—Inside the Secret Meetings of Banking Elites! – Gazetteller

~~~~~~~~~~

(Note: Just because there is a “Big Name” attached to intel- does not mean that is really the real person- There is a lot of “fake” information everywhere….. Use discernment and consider everything a rumor until we are actually at the banks. )

Mon. 2 Sept. 2024 Urgent: QFS Rollout is Here—Elites Scramble in Secret Meetings! … Julian Assange on Telegram  https://t.me/JulianAssangeWiki/2171

The Quantum Financial System (QFS) is no longer a distant dream—it’s happening NOW, and it’s turning the global financial system on its head. The days of the c*****t, elite-controlled economy are numbered. Right now, behind closed doors, the world’s most powerful bankers are in a panic, forced to comply with a system that’s about to redistribute their hoarded wealth to the people.

This isn’t just a tech upgrade; it’s a revolution. The QFS is being deployed with surgical precision by the White Hats, dismantling the old financial structures that enslaved us for generations. The Global Economic Security and Reformation Act (GESARA) is in full effect, and the greatest wealth transfer in history is already in motion. Trillions of dollars, stolen from you through lies and m**********n, are about to be ripped from the hands of the c*****t and returned to where they truly belong.

Banks worldwide are being audited, tested, and connected to the QFS grid at an unprecedented rate. CEOs and financial heads are getting late-night calls, attending secret briefings, and being told in no uncertain terms: comply with the QFS or be cut off from the new global economy. The elites have had their day, but now the tables are turning.

Behind the scenes, covert teams are working around the clock, integrating every financial institution into the QFS. The m**************a is silent because they’re part of the old system, desperate to keep you in the dark. But the signs are there—sudden banking outages, unexplained changes in procedures. This is the QFS takeover, and it’s happening faster than anyone could have predicted.

But this isn’t just about the banks. Patriots and whistleblowers, the true heroes who’ve fought against this c*****t system, are being rewarded. They’ve been given early access to QFS accounts, not just as a means to secure their financial future, but as a badge of honor in the war against financial tyranny. These pioneers are leading the charge into a new era of financial freedom, where the power is finally back in the hands of the people.

The QFS is a fortress of security, with quantum-level encryption that no hacker or rogue state can penetrate. Your money is yours, and yours alone, shielded from the greedy clutches of banks, governments, and anyone else who dares to claim it. The QFS is the ultimate equalizer, a system that ensures every dollar is accounted for, every transaction is legitimate, and every person is free from financial oppression.

The old system is crumbling, and the elites know it. They’re desperately trying to hold on, but the QFS is unstoppable. Banks that refuse to comply are being systematically cut off, assets seized, accounts frozen. This is a total reset, a clean sweep of the c*****t, and there’s nothing they can do to stop it.

The QFS is more than just a financial system—it’s a global movement, a declaration that the era of financial e*********t is over. The world is waking up, connections are being made, and soon, everyone will have the chance to be part of this revolutionary shift.

The QFS is here, and it’s already rewriting the rules. The future is clear: QFS is the path forward. Embrace it, because the world as we knew it is gone, and what comes next is a financial landscape that finally serves the people, not the parasites.

Stay alert, stay informed, and get ready—The Storm is here.

~~~~~~~~~~

Global Financial Crisis:

Mon. 2 Sept. 2024: Feds brace for a US Dollar Crisis predicted to spark total collapse: https://www.forbes.com/sites/digital-assets/2024/09/02/strap-in-september-fed-us-dollar-crisis-predicted-to-spark-total-collapse-and-a-critical-bitcoin-price-tipping-point/

Read full post here:  https://dinarchronicles.com/2024/09/03/restored-republic-via-a-gcr-update-as-of-september-3-2024/

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

Nader From The Mid East  Whatever who told you...the small category has been released and all that, not yet.   That doesn't release it in one part of the country.  The whole country work the same thing.  They whole system the same.  When they release, they release it to all banks...

Militia Man  One of the hopes is Iraq is going to try to work with other countries in the region to defend their currency.  They're going to try to keep it as stable as they possibly can.  Having flexibility to the exchange rate so they can move it a little bit here and there so they can inject money, take money out or buy and sell the dinar etc is something they've got on their mind.

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

Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR How Iraq Could Do the Same

Edu Matrix:  9-3-2024

Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR. How Iraq Could Do the Same Iraq may not have housing for travelers. However, they do have hotels that can be priced monthly.

https://www.youtube.com/watch?v=8KKVmlzD3yI

Tidbits From TNT” Tuesday Morning 9-3-2024

TNT:

Tishwash:  Iraq moves towards signing comprehensive economic agreement with UAE

Prime Minister Mohammed Shia al-Sudani stressed, on Tuesday, the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between Iraq and the UAE.

His media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received today the new UAE Ambassador to Iraq, Abdullah Matar Al-Mazrouei."

The statement added, "The meeting witnessed discussion of bilateral relations between the two countries, which are progressing at various levels, and ways to enhance distinguished cooperation in many fields, in a way that achieves common and mutual interests between the two brotherly countries."

Al-Sudani referred to "the efforts made by the UAE to enhance its cooperation with Iraq, especially in the strategic development road project, which constitutes a link between Iraq's neighbors and the countries of the region, in addition to its long-term economic importance."

He stressed "the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between the two countries   link

Tishwash:  Switzerland reopens embassy in Iraq after 33 years

 The Swiss Foreign Ministry announced today, Tuesday (September 3, 2024), the reopening of its embassy in the Iraqi capital, Baghdad, after 33 years of closure in 1991 due to the Gulf War.

"By reopening the embassy, ​​the Federal Council aims to strengthen bilateral relations with the densely populated country and consolidate cooperation in the fields of economy, security and migration," the ministry said in a statement.

Foreign Minister Fuad Hussein announced last May that Switzerland would reopen its embassy in Baghdad in the coming months.

In an interview with Swiss Info, during his visit to Switzerland, Hussein pointed out that Switzerland made its first official visit to Iraq in more than 40 years in 2021, during which discussions took place regarding the possibility of reopening the Swiss embassy in Iraq.link

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

Tishwash:  Buried Riches”: Gas Discovery in Iraq a Ray of Hope for Economic Development

 Iraq has recently achieved remarkable progress in the energy sector, especially in the field of natural gas discovery. These discoveries represent an important strategic step towards achieving energy security and strengthening the economy in general, and they also open new horizons for investment and development in this vital sector.

In recent years, oil companies and the Iraqi government have announced new discoveries of gas patches in several areas. Among these discoveries, the Anbar region stands out as a major location where important gas deposits have been discovered.

According to industrial sources, the new discoveries include large quantities of dry gas, a type of natural gas that contains low levels of sulfur and is used in many industrial applications. This type of gas is used in power generation, as an industrial fuel, and in the production of chemicals, making it an important resource for the industrial and energy sectors.

The Iraqi government is working to enhance investment in these discoveries through partnerships with international energy companies. Agreements have been signed with multinational companies to develop the infrastructure necessary to extract and purify gas. It has also been agreed to implement projects to extend gas pipelines and modernize refining stations.

Building infrastructure is an important step, as extracting natural gas and delivering it to markets requires complex facilities including pipelines, refining facilities, and pumping stations.

These projects require huge investments and careful coordination between the various parties concerned, and the government is working to improve the legal environment to attract foreign investment, including improving contracting terms and simplifying bureaucratic procedures.

Despite the optimism that accompanies new gas discoveries, there are a number of challenges facing the exploration and production process. These challenges include the need for modern technology and technical expertise, in addition to the difficult geographical conditions that may affect drilling and transportation operations.

Great economic opportunities

On the other hand, developing the natural gas sector in Iraq opens up great economic opportunities. In addition to improving energy security, this sector can contribute to creating new job opportunities, increasing national revenues, and enhancing economic growth. Exporting gas to international markets can also provide an important source of financial returns.

“The discovery of new gas blocks in Iraq represents an important strategic opportunity for the country as it provides a strong foundation for developing the energy sector and enhancing economic independence,” said retired gas expert Dr. Sami Al-Jubouri, who held positions in major energy companies. “However, it is necessary to focus on improving the infrastructure and applying the latest technologies to ensure efficient and safe gas extraction, through cooperation with international companies, which will enhance Iraq’s ability to optimally exploit these resources.”

“The challenges facing the country include the need to develop local technical capabilities and increase operational efficiency, as well as manage resources sustainably to ensure long-term benefits,” Dr. Al-Jubouri added to the Iraq Observer.  link

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

Tishwash:  they are running this commercial again!

With our dinar and our products we are stronger... Support the Iraqi dinar

 With a dinar and our products   0:08

Stronger we reap the good   0:13

With a dinar we build and develop  0:16

Our country we teach our generations about the greatness of our civilization and strength   0:23

A dinar is our homeland with all goodness and blessings   0:30

A dinar is a homeland issue

https://www.youtube.com/watch?v=6Tq9QoIKWik

Mot:  aaaaaaaaaaahhhhhhhhhhhhhh - the Good ole Daze!!!! 

Mot:  A True Politican! - Makes Laws for Others but NOT fer Hisself!! 

Seeds of Wisdom RV and Economic Updates Monday Evening 9-2-24

Good Evening Dinar Recaps,

Fed Governor Waller questions need for speed in cross border payments

In a speech last week, Federal Reserve Governor Christopher Waller argued that “not all frictions that slow down payments are bad”. While he was mainly questioning the interconnection of faster payment systems, he touched on correspondent banking.

As context, the Bank for International Settlements (BIS), the central bank to the central banks, is working on Project Nexus for interlinking faster payments via its innovation hub.

Additionally, Project Agorá plans to use tokenization and wholesale CBDC to speed up cross border payments via correspondent banks. The Federal Reserve Bank of New York is a participant in that project, but “strictly for research and experimentation.”

While Governor Waller acknowledged that it’s desirable for remittances to arrive faster, the heart of his objections were in one paragraph:

“Not all frictions that slow payments down are bad. Certain frictions are purposely built into the global payment system for compliance and risk-management reasons.

Slowing down the speed at which payments are cleared and settled helps banks prevent money laundering and counter the financing of terrorism, detect fraud, and recover fraudulent or misdirected cross-border payments.

Granted, the practice today of sending payments through an often complex chain of correspondent banks contributes to slower payments that could benefit from efficiency enhancements.

However, there is no silver bullet that increases speed and efficiency without tradeoffs. Unless new solutions are found, interlinking fast payment systems might increase the risk-management burden for banks that participate in them.”

Buyers don’t want faster payments?

He went on to argue that it is only sellers that want to receive money faster. Buyers don’t want to pay earlier. That’s certainly true.

However, speeding up cross border payments is not the same as using bank transfers versus cheques. To Governor Waller’s point, paying by cheque means the payer keeps hold of the money for longer.

In my experience, cross border payment transfers leave my account instantly. Contrary to Governor Waller’s argument, buyers should love faster cross border payments, because if a payment arrives instantly instead of taking two days, then the buyer can send the money two days later.

If I know it takes two days, then I have to send the payment two days before the expected arrival date. It is invariably the banks involved that keep hold of the money in the interim.

That might be a mismatch in banking hours or issues with Nostro account liquidity or compliance. And some banks may use compliance as an excuse for delays.

The Governor then questioned whether improving payment systems is always the role of central banks or should be left up to the private sector.

He gave examples of where the Fed steps in, such as the case of FedNow, where the private instant payment systems only served a subset of banks.

Mr Waller emphasized that the current focus of FedNow is rolling it out domestically. So it has no plans for interlinking the system.

What does this mean?

One of the aims of Project Agorá, the cross border initiative that uses correspondent banks, is to improve compliance.

That should mean that when a payment instruction is received, the banks conduct compliance first and share information.

Perhaps the amount meant for payment is reserved rather than removed. If all is clear, then the money leaves your account and arrives at the destination.

So part of this is a change in the process order. Mr Waller acknowledged that the correspondent banking process is ripe for optimization.

His comments on the role of the central bank could be good news for Fnality. That’s the private sector system for tokenized institutional payments using central bank deposits. It is working on adding tokenized US dollars to its existing GBP offering.

On the other hand, so far the U.S. regulators have not been supportive of some of the private interbank payment initiatives that use blockchain, particularly those targeting corporates. Hopefully, that is changing with the Regulated Settlement Network.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

ARE ELON MUSK, THE IMF, AND THE WORLD BANK SETTING THE STAGE FOR XRP IN THE GLOBAL FINANCIAL SYSTEM?

▪️XRP is a prominent subject of discourse in global cross-border and payment solutions.

▪️The coin is linked to the Ripple Labs ecosystem, with a rich payment solution record.

With its growing popularity, XRP is now linked with Tesla CEO Elon Musk, the International Monetary Fund (IMF), and the World Bank. As a result, there is a growing debate in the crypto community concerning XRP’s future role in global finance.

Elon Musk’s Connection to Ripple

Over the weekend, Versan Aljarrah, founder of Black Swan Capitalist, pointed out Musk’s involvement with Ripple Labs Inc. The founder noted in an X post that Musk’s connection to Ripple is part of a larger narrative that includes XRP in the new financial system.

▪️#ElonMusk’s connection to #Ripple is no secret, it’s always been part of the larger narrative

▪️Remember Elon and Peter Thiel backed #OneCoin, rebranded to #OpenCoin, and then Ripple under Chris Larsen guidance

▪️They’re just setting the stage for #XRP in the new #financial system pic.twitter.com/jRUDK6tQBr

▪️— Black Swan Capitalist (@VersanAljarrah) September 1,

He noted that Musk’s relationship with Ripple is no secret. He recalled a time when Musk and Peter Thiel once supported OneCoin. According to him, this was shortly before OneCoin rebranded to OpenCoin and later Ripple under the leadership of Chris Larsen.

The founder’s recent disclosure comes only shortly after crypto-friendly lawyer Fred Rispoli made a bold proposal to Elon Musk. Notably, Rispoli recently urged Musk to consider integrating XRP into his X Payments platform.

This suggestion could mark a major transformation for XRP. It comes shortly after the Ripple Labs and US Securities and Exchange Commission (SEC) legal battle ended.

As highlighted in our previous article, Judge Analisa Torres ruled that secondary sales of XRP are not securities. This verdict has helped provide greater regulatory clarity, strengthening investor confidence in the digital asset.

 Nonetheless, Ripple was ordered to pay a $125 million fine for institutional XRP sales violating federal securities laws.

XRP Role in Global Financial Payment Systems

In a related post, Aljarrah noted that the World Bank and the IMF have consistently featured XRP and stablecoins in payment discourse. The founder thinks this is not a coincidence but the foundation of the new monetary system.

Meanwhile, Ripple has preserved a brand identity connected to financial transactions since its founding. XRP is already being used to solve key financial problems in the crypto space.

For instance, XRP is a bridge currency in cross-border payments, offering instant settlements at lower charges between different fiat currencies.

According to our recent analysis, the Bank of Russia began exploring XRP in its financial system in 2018. Based on the details, the coin was leveraged for cross-border remittances with plans to solve digital payment needs.

Moreover, Ripple strongly believes blockchain-based payment solutions may become invaluable to local banks. As noted in our earlier post, the payment company provides local banks with blockchain-based payment solutions to help SMEs overcome the hurdles of traditional cross-border transactions.

Overall, Ripple’s blockchain solutions have helped strengthen XRP’s position as a leader in the crypto market. As XRP sees more integration, experts’ predictions of XRP facilitating global payments could eventually come true.

At press time, XRP is trading at $0.5576, up by 0.44% in 24 hours. The trading volume surged 67% within the same timeframe to $883 million. With more positive narratives around the coin, it might ultimately sustain its rebound moves.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

IOTA NEWS: EMBARK ON EPIC QUESTS WITH IOTA HEROES AS GAME DEBUTS ON IOTA EVM SEPTEMBER 4TH

▪️IOTA Heroes, a game built exclusively for the IOTA ecosystem, is launching on IOTA EVM on the 4th of September 2024 at 20:00 CEST.

▪️New features include a Hatchery, the option to end adventures early, faster routing and navigation, and inventory item filters.

IOTA Heroes, an exciting game that allows users to fight, conquer, and earn, will launch in the IOTA EVM later this week.

The game launches on the 4th of September 2024 at 20:00 CEST, the developers revealed on X.

The IOTA EVM is the first fully EVM-compatible smart contract chain on the IOTA network, enabling fast, secure, and scalable smart contracts. As we’ve reported, the EVM has thrived since its launch and has been pushing the boundaries of DeFi, decentralized trading, sustainability, and more.

As the IOTA Heroes team revealed in an accompanying blog post, it has been working to prepare the game for a token migration, which is no mean feat given how vast the number of tokens they manage is. The team benefitted from the IOTA Grants, being one of the first projects to receive one to fund the migration.

IOTA Heroes is doing all the heavy lifting for the token holders.

We’ll ensure that all your heroes, items, and gold are airdropped directly to your address. Additionally, we’ve prepared scripts to automatically set up all your facilities and hero skills that you’ve developed on ShimmerEVM. Everything will be ready and waiting for you when you first log in to the game!

IOTA Heroes on IOTA EVM

The migration comes with a raft of changes. For starters, the team has updated the battle visualizer, allowing users to access more information on the combat scenes. More updates are expected in the near future.

Other changes include the long-overdue introduction of the Hatchery, where users can now crack their eggs for some exciting possibilities. The game has previously limited users to reforging only five items at a time, but with the new update, users can reforge any multiple of five (10, 15, 100) as long as they have enough charcoal to power the process.

The update also gives users more options as they play IOTA Heroes. For one, you can choose to end an adventure early; say, for instance, that your adventures were set to end in an hour or two, and you want to end them earlier and get on with other things—well, you can choose to end it by spending some of your gold.

Others might choose to end the adventure to preserve some of the in-game items they have acquired, especially if they value them higher than gold. Of course, you must engage in an adventure at least five minutes before you get the option to call it quits.

On the back end, the IOTA Heroes team has refined its smart contracts to make the experience smoother. It has also switched to SvelteKit, a framework for deploying web apps using Svelte, which will translate into smoother routing and faster navigation.

@ Newshounds News™

Source: Crypto News Flash

~~~~~~~~~

An important update on Gold.

THE BEGINNING STAGES OF THE GOLD STANDARD  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

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Iraq Economic News and Points To Ponder Monday Evening 9-2-24

Economist: Kurdish Merchants Entering The Dollar Selling Platform Contributed To Lowering The Exchange Rate - Urgent

 Economy ​ 08-31-2024, |Baghdad today – Baghdad  An economist and academic at Cihan University, Nawar Al-Saadi, said today, Saturday (August 31, 2024), that Kurdish merchants benefited from the Iraqi government’s official dollar selling platform and contributed to lowering the exchange rate. 

Al-Saadi told "Baghdad Today", "There is entry for merchants from the Kurdistan region to the official dollar selling platform, and these merchants benefited from obtaining the dollar at the official exchange rate, instead of buying from parallel markets that witness higher prices," indicating that  "this influx The dollar supply to the market contributed significantly to the increase in supply, which led to a reduction in the price.” 

He added,  "The matter is not limited to this factor alone, as the Iraqi markets suffer from frequent fluctuations as a result of economic and political instability, and

speculators exploit any change in the market to achieve quick gains, which increases the chaos in the exchange market," noting that

 "rumors about possible changes in The exchange rate prompted many to sell the dollar at low prices for fear of future declines, which increased pressure on the dollar price.”  Al-Saadi stated that

  “there are ongoing discussions between the Central Bank of Iraq and the US Federal Reserve, which could have a significant impact on the exchange rate,” stressing that

 “the results of these meetings will be decisive in determining the future direction of the price of the dollar in the Iraqi market, if agreements are reached.”

Certainly, we may see significant changes in the exchange rate based on those results.”

 It is noteworthy that the specialist in financial affairs, Nabil Jabbar Al-Tamimi, confirmed on Saturday (August 3, 2024) that the

 exchange rate of the dollar in the parallel market will remain higher than the official price due to the failure to find solutions by the Central Bank for black transfers.  Al-Tamimi told "Baghdad Today",

 "The continued rise in the dollar exchange rate in the parallel market is due to the continuation of black transfers to finance some foreign trade by some merchants, without finding any solutions for these merchants by the Central Bank of Iraq." 

He stated, "The Central Bank of Iraq is required to find solutions and quick procedures for these merchants, especially small merchants, who have almost daily trade with Iran, Syria, and some other countries prohibited from dealing in dollars."  He pointed out that

"these merchants move to the black market for the purpose of financing their trade, and

 this is what leads to the exchange rate remaining high in the parallel market with a large difference from the official rate, and this matter is borne by the Central Bank, as it is responsible for this file."

 Today, the dollar exchange rates returned to a relative rise, touching 150 thousand dinars on the stock market, maintaining this level since Eid al-Adha, where it rose from 1,450 dinars to around 150 thousand dinars or less, and has stabilized in this range until now. https://baghdadtoday.news/256839-اقتصادي-دخول-التجار-الكرد-لمنصة-بيع-الدولار-ساهم-بخفض-سعر-الصرف-عاجل.html    

US Treasury Praises Iraq's Progress In Monitoring Transfers And Selling Dollars

September 1, 2024   Proposal to cancel SWIFT and replace it with relations with the international banking network

Baghdad - Qusay Munther   New York - Morsi Abu Touq  The US Treasury Department praised the remarkable progress made by the Central Bank of Iraq in strengthening control procedures over foreign transfers and cash sales of the dollar, while considering that these steps contribute to strengthening financial and economic stability in the country.

Auditing Companies

A statement by the bank received by (Al-Zaman) yesterday said that (a high-level negotiating delegation headed by Governor Ali Mohsen Al-Alaq held a series of intensive meetings in New York City, USA, which included discussions with the US Treasury Department and the Federal Reserve Bank,

in addition to meetings with a group of companies, including international auditing companies, who praised the major transformations achieved by the Central Bank, represented by the remarkable progress in the procedures for monitoring foreign transfers and cash sales of the dollar currency),

adding that (this led to improving systems, policies and procedures in accordance with international and local standards, enhancing transparency in covering foreign trade and providing protection for the banking and financial sector from the risks of money laundering, financing terrorism and financial crimes),

and pointed out that (a meeting will be held between bank officials and its international partners by the end of this year regarding the major transformation in ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks, according to the plan developed by this bank,

and implemented internationally, which will allow the Central Bank and the Federal Reserve Bank to exercise their supervisory roles Away from the executive procedures, this transformation will have important repercussions on the stability, fluidity and transparency of the country’s foreign trade financing operations,” he continued, adding that “this step will contribute to achieving the required stability in exchange rates, which in turn will enhance the efficiency of the financial system in Iraq.

” The statement stressed that “the meetings also addressed mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements for opening their accounts with international correspondent banks, with the aim of enabling them to complete their financial transactions, whether through external transfers in US dollars or other foreign currencies.”

A source had previously revealed an unannounced visit by the Central Bank to the United States of America to discuss developments in the Iraqi banking sector.

Banking Sector

The source said in a statement yesterday that (a delegation from the Central Bank, led by Al-Alaq, and a number of general managers, visited the United States of America, since the 26th of last month, to discuss developments in the banking sector and the restrictions on the use of the dollar imposed on a large number of private banks),

and he continued that (the Central Bank delegation discussed canceling the platform at the beginning of next year, and relying on correspondent banks, which will increase the imposition of restrictions on Iraqi private banks, and completely eliminate competition in favor of Jordanian banks that have American correspondent banks),

noting that (the Central Bank is close to signing a contract with Oliver Wyman, the consulting company for the Iraqi Development Road, to conduct a study on reforming the Iraqi banking sector, and in order for it to be approved by the bank as a roadmap for reforming the private banking sector).

The dollar exchange rate rose slightly in the Baghdad and Erbil stock exchanges. Money exchange office owners said yesterday that “dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 149,200 dinars for every hundred dollars.

” They added that “selling prices in exchange offices in the local markets in Baghdad stabilized at a selling price of 150,000 dinars, while the purchase price reached 148,000 dinars for every hundred dollars. As for Erbil, the stock exchange does not trade on official holidays, but the dollar recorded a slight increase there.”   LINK

Ministry Of Finance: Iraq Maintains Its Credit Rating And Foreign Exchange Reserves Level

Money and business  Economy News – Baghdad   The Ministry of Finance confirmed, on Sunday, that Iraq has maintained its credit rating and the level of foreign currency reserves.

The ministry said in a statement, seen by "Al-Eqtisad News", that "in the latest report issued by Standard & Poor's Credit Rating Agency (S&P), Iraq maintains its credit rating at B- / B with a stable outlook, indicating financial and economic stability in Iraq."

It added, "The new rating reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and fulfilling other external financial obligations as a result of the stability of crude oil prices." It continued,

"The agency's report indicated the possibility of improving Iraq's credit rating in the event of an increase in the economic growth rate, diversification of the state's oil and non-oil public financial revenues, an increase in the per capita income share of the national income, and the continuation of financial and economic policy reform measures."   https://economy-news.net/content.php?id=47044

Next Week.. An Arab Transparency Meeting In Baghdad

 The first 09/01/2024  Cairo: Esraa Khalifa   Under the patronage of Prime Minister Muhammad Shiaa Al-Sudani, the Arab Administrative Development Organization - affiliated with the League of Arab States - will hold the second forum for promoting transparency and good governance under the slogan

 “Integrity is an essential component in the era of complexity and opportunity,” for the period from 10 to 12 September in the capital, Baghdad.

 An elite group of officials and experts from many international and regional organizations concerned with development, anti-corruption and oversight bodies, as well as university professors and researchers interested in the field of anti-corruption, from various Arab countries, participate in the forum. A source in the Arab Administrative Development Organization told Al-Sabah:

 “The forum aims to draw a unified road map to

      contribute to achieving integrity and transparency,

     strengthen the political agenda to combat corruption in the region, and

     build paths for cooperation between governments, the media, civil society and the private sector.”

 https://alsabaah.iq/101952-.html    

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

Labor Day, The First Continental Congress Meets In Philadelphia

Labor Day, The First Continental Congress Meets In Philadelphia

September 5, 2022 | by NCC Staff

On September 5, 1774, the first Continental Congress in the United States met in Philadelphia to consider its reaction to the British government’s restraints on trade and representative government after the Boston Tea Party.

The group of colonial luminaries didn’t meet in Independence Hall (which, at the time, was called the Pennsylvania State House). Instead, delegates selected by colonial legislatures met next door in Carpenters’ Hall, which had just been constructed. The State House was already occupied by the Pennsylvania provincial assembly.

The delegates gathered on the morning of September 5 at Philadelphia’s City Tavern, near Benjamin Franklin’s home. Franklin had remained in England, and he would deliver a petition from the First Congress to King George III in late 1774. The group then walked over to Carpenters’ Hall to inspect the meeting room.

“They took a view of the room, and of the chamber where is an excellent library… The general cry was, that this was a good room, and the question was put, whether we were satisfied with this room? and it passed in the affirmative,” said John Adams.

In all, 56 delegates from 12 colonies came to Philadelphia for the meeting to address the Coercive or Intolerable Acts. The laws were meant as punishment for the activities of the Boston Tea Party, but they affected all colonies. Neither Franklin nor Thomas Jefferson attended, but in addition to Adams, the delegates included Patrick Henry, Roger Sherman, John Jay, John Dickinson, Richard Henry Lee,  George Washington, and John Adams’ cousin, Samuel Adams.

Thomas Jefferson’s cousin, Peyton Randolph, was named as the first president of the Continental Congress. Randolph was another prominent Virginia leader and Washington’s close friend.

To continue reading, please go to the original article here:

https://constitutioncenter.org/blog/the-first-congress-meets-in-philadelphia

10 Fascinating Facts About The Labor Day Holiday

10 Fascinating Facts About The Labor Day Holiday

Labor Day has been a national holiday since 1894, when President Grover Cleveland signed the law that Congress passed designating the first Monday in September a holiday for workers. Labor unions pressed and activists sacrificed to gain recognition of both the contributions and the mistreatment of workers at the time.

September 5, 2022 The first Monday in September is celebrated nationally as Labor Day. So how did we get the holiday and why is no one quite sure who created it?

The Labor Day holiday grew out of the late 19th century organized labor movement, and it quickly became a national holiday as the labor movement assumed a prominent role in American society. Here’s how it all started, with the facts, as we know them, supplied by the Labor Department, the Library Of Congress, and other sources.

1. The idea first became public in 1882. In September 1882, the unions of New York City decided to have a parade to celebrate their members being in unions, and to show support for all unions. At least 20,000 people were there, and the workers had to give up a day’s pay to attend. There was also a lot of beer involved in the event.

2. The New York parade inspired other unions. Other regions started having parades, and by 1887, Oregon, Massachusetts, New York, New Jersey, and Colorado made Labor Day a state holiday.

3. How did the Haymarket Affair influence Labor Day? On May 4, 1886, a bomb exploded at a union rally in Chicago’s Haymarket Square, which led to violence that killed seven police officers and four others.

The incident also led to May 1 being celebrated in most nations as Workers Day. The U.S. government chose Labor Day instead to avoid a celebration on May 1 and New York's unions had already picked the first Monday in September for their holiday.

4. Two people with similar names are credited with that first New York City event. Matthew Maguire, a machinist, and Peter McGuire, a carpenter, have been linked to the 1882 parade. The men were from rival unions; in 2011, Linda Stinson, a former U.S. Department of Labor’s historian, said she didn't know which man should be credited - partially because people over the years confused them because of their similar-sounding names.

5. Grover Cleveland helped make Labor Day a national holiday. After violence related to the Pullman railroad strike, President Cleveland and lawmakers in Washington wanted a federal holiday to celebrate labor - and not a holiday celebrated on May 1.

Cleveland signed an act in 1894 establishing the federal holiday; most states had already passed laws establishing a Labor Day holiday by that point. Sen. James Henderson Kyle of South Dakota introduced S. 730 to make Labor Day a federal legal holiday on the first Monday of September. It was approved on June 28, 1894.

To continue reading, please go to the original article here:

https://constitutioncenter.org/blog/10-fascinating-facts-about-the-labor-day-holiday

More News, Rumors and Opinions Monday PM 9-2-2024

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 fro the Restored Republic via a GCR: Update as of Mon. 2 Sept. 2024

Compiled Mon. 2 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sun. 1 Sept. 2024 MarkZ: “I got a update this morning from a redemption center contact. They very much still expect to be called into work this weekend.  Their chain of command said to expect to work before Tuesday.  This is excellent news.”

Sun. 1 Sept. 2024 Wolverine: Payment for operations start on Wed. 4 Sept. 2024.

We close the week with the following report: the auditors from the World Bank and the Peter Wong Platform who arrived in Brazil on August 27, 2024 are packing their bags to return to the US tomorrow, August 31, 2024.

Since Monday, September 2, 2024 is a holiday in the US (Labor Day), there is no possibility of banking hours at the Reno Platform (Nevada/USA), so what was decided at the meeting within the Central Bank on August 29, 2024 is that the global START will be given on September 3, 2024

After several tests and detailed adjustments, Brazil, the US and 47 other countries and their respective Central Banks will finally be able to proceed in synchrony and simultaneously with the release and settlement of the financial operations of which they are part (I emphasize that in Brazil BR the operations released and approved for payment are LTN and T*A, which were unified within the same platform).

The deadline for distributing the amounts to the spreadsheets of the Managers who will receive them will start on September 4, 2024 and will run until September 13, 2024.

Sat. 31 Aug. 2024 Wolverine: “Looks like everything has been lined up for Tues. 3 Sept. The Precatorias was supposed to go today, but now they are going to go on Tues. 3 Sept. It’s going to be a shotgun start. All contracts have been signed. Everything is ready to go. …Tier 1, 2, 3 and 4 banks around the world are fully integrated and ready for distribution. The RV is finally here. God bless. Your friend, Wolverine”

…Dr. Eduardo Tavares, CEA Professor and Founding Partner of Mundo Financeiro – Specialist in Corporate Finance and Investment Banking from FIA Business School, Fri. 30 Aug. 2024 https://www.eduardotavares.com.br/portolio

…Peter Wong, Former Chief Executive Officer of the Hong Kong and Shanghai Banking Corporation Mr. Peter TS Wong is Vice Chairman and Chief Executive Officer of Asia-Pacific of The Hongkong and Shanghai Banking Corporation Limited (“HSBC”). He is a Group Managing Director and member of the Board of Directors of the HSBC Group. BuyBye Smart Jardim Cambu

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Sun. 1 Sept. 2024: Exposed: Dragon Family Gold and the U.S. Federal Reserve System – Presidents Sukarno, John F. Kennedy, and the Hilton Green Agreement! – amg-news.com – American Media Group

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Global Financial Crisis:

BRICS Bank President Says Ditching the US Dollar is a ‘Main Focus’: https://watcher.guru/news/brics-bank-president-says-ditching-the-us-dollar-is-a-main-focus

Sun. 1 Sept. 2024 Central Banks Doomed: https://beforeitsnews.com/prophecy/2024/09/central-banks-are-doomed-gold-silver-are-about-to-go-parabolic-greg-mannarino-2024-2555080.html

Read full post here:  https://dinarchronicles.com/2024/09/02/restored-republic-via-a-gcr-update-as-of-september-2-2024/

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

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

Fnu Lnu  The subsequent [After New York] visit to Washington D.C. was most likely to prove to the UST that the rogue, non-compliant banks in Iraq were brought to heel. I see an RV in the near future and I must say, it's about time. 

Militia Man  Article: "After the success of the recent negotiations in Washington...the Central Bank succeeded...in diversifying the basket of commercial currencies.  Indicating this will lead to a significant decrease in the demand for the dollar...This meeting with...the Central Bank of Iraq...US Federal Reserve and US Treasury, which lasted for 3 days..."  Commercial currencies with the Iraqi dinar.  They're not going to do that at 1310...When things change everybody's going to be ready to do business with Iraq.

Hard Landing Scenarios – Severe Recession Is Coming, Blame the Banking System

Kitco News:  9-2-2024

George Gammon, an investor, macroeconomics expert, and host of The Rebel Capitalist Show, outlines the potential hard-landing scenarios for the U.S. economy.

Gammon tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, that a severe recession is the most likely outcome and shares his insights into when the recession might hit.

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

“We CAN'T Survive” - Japan Steel Giant PANICS Over China, EU EV Market Starts To Collapse

Sean Foo:  9=2=2-24

The G7 China trade war is escalating with the Japan Steel giant asking the government for massive tariffs on imports from China. Meanwhile, Europe's own EV market is collapsing and the tariff war with China is only going to make things worse. Here's what you must know!

Timestamps & Chapters:

 0:00 Japan Panics Over Chinese Steel

3:15 Steel Punishments Will Backfire

6:42 Eurozone EV Market Collapsing

7:54 Sponsor: Indigo Precious Metals

 9:19 Europe Disastrous Policies

 10:58 Massive EV Risk Coming

 14:12 Decoupling To Get Worse

https://www.youtube.com/watch?v=8hrekxULink