News, Rumors and Opinions Sunday AM 9-8-2024

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 Sat. 7 Sept. 2024

Compiled Sat. 7 Sept. 2024 12:01 am EST by Judy Byington

The Stock Market Tanked – Will Take A Global Currency Reset To Recover.
The Great Reset.

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for yourself, your family and to share with others in case of emergency.

Fri. 6 Sept. 2024 Social security’s personalized services are down today due to a IT hardware issue. The outage appears to have hit the financial support program around 4AM this morning, and affects online and in-person services you can use to check your Social Security information.  The outage impacts more than 64 million Americans who have registered for a secure personal account in the Social Security portal. https://www.dailymail.co.uk/sciencetech/article-13822707/Social-security-Online-person-services-hit-nationwide-outage.html

~~~~~~~~~~~

Global Currency Reset:  (Rumors /Opinions)

Fri. 6 Sept. 2024 Wolverine: We are there – at the finish line. This should be our weekend. Anytime after 5 pm and before Sunday. Things are happening now as you don’t see it. Huge platforms have been completed and in a few days they are going to get paid. A lot of bond holders and foundations have received their notification and are flying to Reno or to their respective platform. The Precatorias still have not been released yet. The report of the Precatorias having been released to its Brazilian people was disinformation. The EBS is imminent as I spoke to a contact in New York and he has assured me that there are military presence in New York and there is huge hotel where most military are staying. This is not only in New York but in various cities in USA.

Fri. 6 Sept. 2024 TNT Update: The rates are still live. All kinds of meetings yesterday . Everyone says it’s going to happen by Monday. Some believe this evening.

Fri. 6 Sept. 2024: QFS NEWS: All Banks are Transitioning Over Into the QFS – Start Getting Hold of the ISO 20022 XLM and XRP – 8 Billion People Will Inevitably Transition to the QFS – amg-news.com – American Media Group

Tues. 3 Sept. 2024: BRICS Pay Blockchain System to Launch Next Month? – BRICS news (brics-news.com)

~~~~~~~~~~~

Quantum Financial System QFS

This is the Great Financial Shift leading to a new Quantum Financial System that can only contain true asset-backed currency. An asset-backed digital currency qualifies as a “currency.”

All currencies will be “Asset Backed” in each country. This could be gold, silver, platinum, oil, precious metals or any other major asset that the country has.

Only two cryptocurrencies will be backed by gold – XRP and XLM!

All others, not backed by assets, will disappear by the end of 2024.

Quantum software and computers make the system the most secure on the planet and impossible to hack.

All banking transactions will eventually be conducted in QFS.

Banks as we know them will change dramatically.

QFS will hold all money in “Digital Form”, although it will still be asset-backed.

All money transfers (moves) will contain at least 50 movement records, which will be stored in milliseconds simultaneously on six main surface server farms.

All cash movements are kept in permanent records. So there is NO f***d or criminal activity that cannot be traced.

All people will have a “digital wallet” account with QFS rather than with a bank. This digital wallet is 100% secure.

You can use your “Debit Card” directly from this account.

You can transfer money with 100% security to any bank account, country, citizen anywhere in the world.

~~~~~~~~~~

Fri. 6 Sept. 2024 Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency

The collapse of the fiat system has been a long time coming. Historically, fiat money, which lacks intrinsic value, became the global standard in the 20th century. This shift allowed governments and central banks to print money freely, unbound by the tangible value of precious metals. Over time, this led to rampant inflation, economic bubbles, and numerous financial crises. The 2008 financial crisis, fueled by reckless lending practices and inadequate oversight, exposed the vulnerabilities of the fiat system. Governments responded by printing even more money, further eroding the value of currencies and deepening the crisis of confidence.

In the wake of the 2008 crisis, digital currencies like Bitcoin emerged, offering a decentralized alternative free from the grip of central banks and government control. However, these digital currencies were not without their own issues-high volatility, lack of intrinsic value, and associations with i*****l activities limited their ability to truly replace the flawed systems they sought to disrupt.

Enter the USN US Note, a new currency that promises to bridge the gap between the stability of traditional assets and the innovation of digital finance. As the sun rises over the horizon, casting its golden hue across the land, the USN US Note emerges like a phoenix from the ashes of a broken financial system. This currency is more than just a means of exchange; it is a symbol of financial redemption, a return to an era where money was backed by real value-gold. The USN US Note, backed by the Quantum Financial System (QFS) and the undeniable value of gold, stands as a beacon of hope against the backdrop of economic despair and deceit that has plagued us for generations.

For far too long, our financial systems have been mired in manipulation, deceit, and instability. The fiat currency system, with its lack of intrinsic value, has led us down a path of endless debt and economic uncertainty. Central banks, with unchecked power, have manipulated markets, eroded savings, and fostered financial inequality. But now, with the advent of the USN US Note, there is a bold departure from this flawed past.

At the core of the USN US Note’s promise is the Quantum Financial System (QFS), a revolutionary financial network that utilizes quantum computing technology to ensure the highest levels of security, transparency, and efficiency. Unlike traditional financial systems, which are susceptible to hacking, fraud, and manipulation, the QFS is virtually impenetrable. It guarantees that every transaction is secure, transparent, and immutable, restoring trust in our financial systems.

The cornerstone of the USN US Note is its gold backing. Each note is backed by a specific amount of gold, ensuring that it retains intrinsic value. This gold-backed stability provides a safeguard against inflation, making the USN US Note a reliable store of value. It embodies a time-honored principle: money should be grounded in real, tangible assets. By merging the stability of a gold-backed currency with the efficiency and transparency of digital systems, the USN US Note addresses the shortcomings of both fiat and digital currencies.

This new currency represents not just a financial instrument but a revolution in how we perceive and interact with money. The USN US Note, underpinned by the QFS, is set to redefine the future of finance, offering stability, transparency, and true economic redemption. A new era in finance has dawned, bringing with it the promise of a stable and prosperous future.

Read full post here:  https://dinarchronicles.com/2024/09/07/restored-republic-via-a-gcr-update-as-of-september-7-2024/

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

Walkingstick  All the executive levels of the banks in Iraq are going to sit down with the governor of the CBI Alaq and receive instructions on the new currency next week.  

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
New commercials on TV about global partnership and stability and security of our economic future.  One after another commercials are saying we are stable and secure and how we are open for International companies to come in and invest in Iraq...The whole world is pouring in...This is happening at a very fast pace and we don't even have Alaq here in our country.  

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

TOTAL COLLAPSE: German Economy Is DONE as Its BIGGEST Employer Shuts Down Operations

Lena Petrova:  9-8-2024

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

“Tidbits From TNT” Sunday Morning 9-8-2024

TNT:

Tishwash:  Opportunities in Iraq” after overcoming “years of turmoil” at an international conference in Washington

The American Atlantic Council Institute announced that it will organize a conference on Iraq in Washington on October 15, with the participation of current and former politicians and experts from the United States and Iraq, where it will address opportunities and challenges in relations, overcoming years of turmoil, with a focus on the energy sector, and diversifying the Iraqi economy. 

According to the American Institute, the conference, which is being held within the framework of the "Iraq Initiative", under the title "The Path to Recovery, Development and Global Partnerships in Iraq", will bring together a diverse group of senior experts, researchers and policy makers from both the United States and Iraq, including current and former senior officials. 

The report, translated by Shafaq News Agency, explained that the conference, the third of its kind for the "Iraq Initiative", will address the major challenges and opportunities facing Iraq as it begins to overcome years of volatility, with early signs of recovery and development. 

The report added that the conference will focus this year on the advancement of the energy sector, the efforts of the Iraqi government towards sustainable economic diversification, and the evolving path of the US-Iraqi relationship. 

The report added that the conference will witness dynamic discussion panels that explore how Iraq, the United States and the international community can interact positively with Iraq as it moves through its unique social, political, economic and security changes.

The report added that the conference will witness direct personal participation and via video, and will include translation into Kurdish and Arabic. 

The report concluded by saying that the "Iraq Initiative" program provides transatlantic and regional policymakers with unique insights and analyses on the ongoing challenges and opportunities facing Iraq as the country attempts to establish an inclusive political system, attract economic investment, and stimulate a vibrant civil society.  link

***********

Tishwash:  Government Advisor: We are working on developing a tax system that is attractive to investors

The head of the Supreme Committee for Tax Reform, the Prime Minister’s Advisor for Economic Affairs, Abdul Hussein Al-Anbaki, announced today, Sunday, a three-pronged plan for tax reform. While he indicated that facilitating measures would be taken regarding the tax administration, he confirmed that previous fines would be exempted for many groups to restore the confidence of taxpayers in paying taxes.

Al-Anbaky said in an interview with the Iraqi News Agency, which was followed by "Al-Eqtisad News", that "some media outlets interpreted the tax reform as aiming to increase non-oil revenues, and this interpretation is not scientifically sound," indicating that "the main goal of the tax reform is to create an easy and transparent tax system that is friendly to the business environment and attractive to investors, because the tax rate is not the basis, but rather the tax rate when multiplied by the tax base is the result of the tax revenue."

He continued: "We seek in tax reform to have a large tax base," explaining that "when the tax base is large, tax revenue will inevitably increase, even if tax rates are the same and at lower rates."

He added that "tax revenue is a by-product of the tax reform situation and not the basis for which the tax reform is launched," noting that "the Supreme Committee for Tax Reform wants to achieve tax justice and make tax accounting easy and transparent and does not want there to be cases of extortion, obstruction and delay of tax procedures."

He pointed out that "many facilities have been made, which ultimately lead to restoring the confidence of taxpayers in paying taxes in the tax administration," indicating that "many categories have been exempted, the cases of allowances have been expanded, and they have been exempted from previous fines and accumulated interest in order to restore the confidence of taxpayers in the tax administration."

He said, "When taxpayers come to account, this will lead to an increase in tax revenues," stressing that "the aim of these measures is to create a tax system that is attractive to investors and not just to seek to increase tax revenues because increasing tax revenues is a foregone conclusion."  link

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

Tishwash:  Central Bank of Iraq announces comprehensive banking reform map

After the Central Bank delegation returned from the last round of negotiations with the US Treasury and the US Federal Reserve, it revealed the roadmap for radical and comprehensive banking reform, which begins with working to cancel...

 The electronic platform for foreign transfers, which was implemented as a first stage to reorganize financial transfers in a way that ensures proactive control over them instead of subsequent control. This was a temporary exceptional measure and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks.

During the year 2024, up until now, 95% of the transfer process from the electronic platform to the correspondent banking mechanism directly between it and Iraqi banks has been achieved. This means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year, according to the plan.

Thus, some expectations about possible effects on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one go at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be accomplished in the coming short period.

The Central Bank confirms that trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq’s foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees and UAE dirhams, through approved correspondent banks in those countries. (13) Iraqi banks have actually begun to conduct transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars.

Providing channels for personal transfers for legitimate purposes and external purchases through electronic payment channels, global money transfer companies, cash sales to travelers, and paying cash dollars for incoming transfers to the parties and purposes specified in the Central Bank’s published instructions.

The Central Bank stresses that it has placed foreign transfer operations and meeting dollar demands on sound tracks consistent with international practices and standards and the Anti-Money Laundering and Terrorist Financing Law.

He explains that providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who move away from official channels in their dealings, so they bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and others.

The map and mechanisms announced by the Central Bank will certainly lead to lifting the confusion and instability in the monetary market, which is prevalent due to the continued imposition of American restrictions on our private banks and directing accusations, slander, rumors, analyses, interpretations and targeting of the Central Bank, and will create a state of optimism by lifting the restrictions imposed on some private banks.

This means that there are great efforts made by the Central Bank, in cooperation with the government, since the beginning of 2023 until now, in the field of implementing the financial and banking reform program and fruitful coordination with financial policy, which refutes the slander. And the accusations and spreading optimism and reassuring the market and citizens. This is what the Governor of the Central Bank had previously emphasized before the Central Bank delegation’s recent trip to America. And the new reform roadmap is a result of the efforts previously made and which the Central Bank has been working on for a year and eight months, and it is as follows:

 - Reorganizing foreign trade financing to achieve several objectives at once, one of which is the transparency of foreign transfer operations that begin with the transfer process and the transferor to the final beneficiary and to the source through all data, documents and information that enhance and match reality.

All large and medium-sized companies are committed to achieving this goal. The problem now is the dealings of small traders outside the operations. 

Foreign transfers are a pressure on the dollar money market and cause it to rise.

- The Central Bank opened channels for the Chinese, Turkish, Indian and Emirati currencies, which are currencies that represent a significant weight in foreign trade, as there was a halt for a period due to a new regulation aimed at providing sufficient control over these operations.

“A new audit mechanism has been put in place by an international company, and the process has been finalised and is now being restarted.”

The Central Bank has continuously urged the opening of relations with correspondent banks, because the Iraqi bank without having external correspondents is considered a local bank and cannot open up to the world.

The Central Bank, for its part, supports and assists this trend.”

- “In light of the new regulation of the foreign exchange process, the real price at which the Central Bank sells more than $250 million daily at the official price should be considered. This means that the bank covers foreign trade, and this explains why there is no inflation or price increases.

The parallel market is a market for those who do not want to go towards the regular methods of transfer and it is an illegal trade or trade that escapes the regular procedures or other illegal operations such as drug trafficking, human trafficking, corruption money, etc.

- Whether the dollar price rose or fell is not a correct indicator, as one must look at what and how much the Central Bank sells at the official price to liquidate various needs.

- That "the primary objective of the Central Bank is to maintain the general level of prices and limit inflation, and this is supposed to be the measure of the success of monetary policy, which has succeeded in controlling this aspect and the level of inflation compared to other countries and even in previous years is much lower, and within the target, and this means that foreign trade, on which Iraq depends primarily to meet the needs of citizens, is covered by the official price."

- “There is great praise in all meetings with international organizations, including the International Monetary Fund, the Federal Reserve, and the US Treasury, for the transformations, management, and organization of the external transfer process in the Central Bank of Iraq at the present time.”  

 And that "the Central Bank's plan until the end of the year will reach 100%, with foreign transfers between Iraqi banks and correspondent banks, without going through the US Federal Reserve.

The plan to reform and lift restrictions on banks includes two axes: the first relates to conducting an audit of previous operations that were suspected by an independent external audit office, some of which have been completed while we await the completion of the audit of others in order to determine the overall picture and classify the nature of these problems and how procedures will be carried out regarding them later.

And to reach a real, stable banking sector that is consistent with what is required at the level of the national economy, and to prevent some banks from remaining marginal and not representing a real addition to the Iraqi economy, and to gain external acceptance through agreement on their implementation of international policies, procedures and standards.

- The Central Bank has not set a quota for foreign transfers for banks, and they can submit whatever foreign transfer transactions they can attract. The Central Bank does not interfere in customers’ choices, and the banks that carry out this process rely on their capabilities to attract their customers.   link

Mot: . Lately -- fer Sure!!! -- siiiggghhhhhh -- becoming Seasoned ....

Mot: what a couple!!!

More News, Rumors and Opinions Saturday PM 9-7-2024

From Recaps Archives……

What does NESARA Law do?

NESARA allegedly implements the following changes:

1. Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare, a “jubilee” or a forgiveness of debt.

2. Abolishes the income tax.

3. Abolishes the IRS. Employees of the IRS will be transferred into the US Treasury national sales tax area.

4. Creates a 14% flat rate non-essential new items only sales tax revenue for the government. In other words, food and medicine will not be taxed; nor will used items such as old homes.

5. Increases benefits to senior citizens.

6. Returns Constitutional Law to all courts and legal matters.

7. Reinstates the original Title of Nobility amendment.

8. Establishes new Presidential and Congressional elections within 120 days after NESARA’s announcement. The interim government will cancel all National Emergencies and return us back to constitutional law.

9. Monitors elections and prevents illegal election activities of special interest groups.

10. Creates a new U.S. Treasury rainbow currency backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.

11. Forbids the sale of American birth certificate records as chattel property bonds by the US Department of Transportation.

12. Initiates new U.S. Treasury Bank System in alignment with Constitutional Law

13. Eliminates the Federal Reserve System. During the transition period the Federal Reserve will be allowed to operate side by side of the U.S. treasury for one year in order to remove all Federal Reserve notes from the money supply.

14. Restores financial privacy.

15. Retrains all judges and attorneys in Constitutional Law.

16. Ceases all aggressive, U.S. government military actions worldwide.

17. Establishes peace throughout the world.

18. Releases enormous sums of money for humanitarian purposes.

19. Enables the release of over 6,000 patents of suppressed technologies that are being withheld from the public under the guise of national security, including free energy devices, antigravity, and sonic healing machines.

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

From Recaps Archives………

For Dinar - What you will see on Forex or CBI WHEN IT RVs

$ RATE = What you will see on Forex or CBI

$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100

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

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

Mnt Goat   I want to begin...with an assurance to everyone that this RV is going to take place soon and is going to be what we expected. There is no way in hell that Iraq is going to move ahead to what they want to do with this country without a globally traded currency and a currency that can compete with many of the other middle eastern countries. The opportunities are just too far great to pass up.  

Walkingstick   They got stability and security.  Sudani has been bragging about it...Lift the three zeros has to do with the value, then not with the value, back and forth, back and forth, it has to do with the value and then, no it doesn't have to do with the value.  The articles are contradicting.  They are lies.  They are misleading with a purpose. 

Gold Backed 'Unit' To Be Discussed At BRICS Meeting In Kazan Per TASS Report

Arcadia Econoics:  9-7-2024

Gold Backed 'Unit' To Be Discussed At BRICS Meeting In Kazan Per TASS Report We just got a big piece of gold news ahead of next month's BRICS summit in Kazan, Russia. To find out what happened, click to watch this brief video now!

https://www.youtube.com/watch?v=kFzJRWJHBx4

400% Total Move In Gold Amid Currency Demise | Gareth Soloway

Liberty and Finance:  9-7-2024

Gareth Soloway is very optimistic about gold's future, projecting that it could potentially rise to $5,000 if the current bull cycle mirrors previous ones.

He underscores that such a significant move would be driven by severe economic factors like the decline of fiat currencies and expansive central bank policies.

Despite recent short-term fluctuations and technical indicators suggesting possible pullbacks, Soloway remains bullish on gold's mid to long-term trajectory, largely due to strong central bank buying and historic patterns.

He notes that gold’s resilience amidst broader market volatility further supports his positive outlook. Overall, Soloway's perspective is that gold could be on the verge of one of its most substantial rallies yet, driven by ongoing global economic challenges.

INTERVIEW TIMELINE:

0:00 Intro

1:30 $5000 gold

 6:00 Silver update

9:50 Stock market

 12:24 Dollar update

15:10 Bitcoin

 17:10 Platinum and palladium

https://www.youtube.com/watch?v=3g_8C0n_MSo

Iraq Economic News and Points To Ponder Saturday Afternoon 9-7-24

Call For Political And Social Forces To The "Trial Of The Century"

Time: 2024/09/07 20:25:08 Read: 728 times

{Politics: Al Furat News} Member of the National Wisdom Movement, Riyadh Al-Awadi, called on political and social forces to support the call of the head of the National State Forces Alliance, Mr. Ammar Al-Hakim, to hold a public trial in the case of the theft of tax deposits known as the “theft of the century.”

Al-Awadi told {Euphrates News} that: "What Mr. Ammar al-Hakim's speech means is that this trial must be public and at the level of media and glorification that he received," considering it "a credible example of political work if it serves the interest of the country."

He added, "Mr. Ammar al-Hakim's call for a transparent trial of the "theft of the century" case gives strength to the political system and will enhance trust between citizens and politicians, as well as give high transparency to the judiciary in the country."

Al-Awadi stressed that "Mr. Ammar al-Hakim's call will contribute to reducing the scourge of corruption in the country," calling on political and social forces to "support the call that serves the interest of Iraq."

The head of the National State Forces Alliance, Mr. Ammar al-Hakim, called for a public trial in the case of the theft of tax deposits known as the "theft of the century."

In light of this, the Secretary-General of the Asa'ib Ahl al-Haq movement, Sheikh Qais Khazali, announced his support for Mr. Ammar al-Hakim's call.

Sheikh Al-Khazaali said in a tweet: “To resolve the conflict, put an end to sedition, establish the truth and invalidate falsehood, we announce our support for the call of His Eminence, Brother Sayyed Ammar Al-Hakim (may God glorify him) to hold a public and major trial in the case of (the theft of the century), to be broadcast live on satellite channels and media outlets.”

He added, “So that our dear Iraqi people may know the truth as it is, and so that our just judiciary may play its important role in protecting the rights of Iraq and Iraqis.”   LINK

The Central Bank explains the mechanism for ending the work of the dollar registration platform

September 6, 2024  Baghdad - Qusay Munther  The Central Bank has put in place a new mechanism to end the work of the electronic platform for registering the dollar, stressing that foreign transfer operations and meeting requests for the dollar are proceeding on sound tracks and in line with international practices and standards and the Anti-Money Laundering and Terrorist Financing Law.

The bank said in a statement received by (Al-Zaman) yesterday that (the electronic platform for foreign transfers managed by the bank at the beginning of 2023 began as a first stage by reorganizing financial transfers in a way that ensures proactive control over them instead of subsequent control by the Federal Reserve auditing daily transfers).

Gradual Transformation

He added that (this is an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and accredited banks, mediated by an international auditing company to conduct a preliminary audit of transfers before they are executed by correspondent banks),

 and he continued that (during the current year, 95 percent of the transfer process was achieved from the electronic platform to the mechanism of correspondent banks directly between them and local banks, which means that only about 5 percent of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan),

indicating that (some expectations regarding potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period),

 indicating that (trade with the UAE, Turkey, India and China represents about 70 percent of Iraq's foreign trade as imports, which prompted the bank to find channels for transfer in euros, Chinese yuan, Indian rupee and dirham

The statement explained that (with the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank’s published instructions), and stressed (putting external transfer operations and meeting requests for dollars on sound paths consistent with international practices and standards and the Anti-Money Laundering and Terrorist Financing Law).

Official price

The statement added that (providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation,

 and any other price traded outside of these channels is an abnormal price that those with unorthodox or illegal practices resort to, who avoid official channels in their dealings, and they bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and the other).  LINK

The Central Bank Of Iraq Sold More Than A Billion Dollars During The Past Week

Saturday 07 September 2024 | Economic Number of readings: 134  Baghdad/ NINA / The total sales of the Central Bank of Iraq of hard currency during the days in which the auction was opened last week exceeded one billion dollars.

The Central Bank sold during the past week and for the 5 days in which the auction was opened one billion, 286 million, 141 thousand, and 172 dollars, at a daily average of 257 million, 228 million, and 234 dollars, higher than the previous week, which amounted to one billion, 113 million, 820 million, and 107 dollars.

The highest dollar sales were on Sunday, where sales amounted to 279 million, 390 thousand, and 704 dollars, while the lowest sales were on Wednesday, where sales amounted to 255 million, 233 thousand, and 188 dollars.

Foreign remittance sales during the past week amounted to 1 billion, 283 million, 91 thousand, and 172 dollars, an increase of 96% compared to cash sales, which amounted to 48 million and 50 thousand dollars. / End   https://ninanews.com/Website/News/Details?key=1152374

Stability of the dollar exchange rate in local markets

Economy  | - 07/09/2024  Mawazine News – Baghdad  Mawazine News publishes today, Saturday, the exchange rates of the dollar against the Iraqi dinar in local markets.   The prices are as follows:

- Selling: 150,500 Iraqi dinars for every 100 dollars.

- Buying: 148,500 Iraqi dinars for every 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=254555

Basra crude suffers huge weekly losses

Saturday 07 September 2024 | Economic Number of readings: 167  Baghdad / NINA / Basra crude (heavy and medium) suffered heavy weekly losses as global oil prices recorded sharp weekly losses.

Basra Heavy crude closed in its last session yesterday, Friday, up 40 cents to reach $68.76, but recorded weekly losses of $6.10, equivalent to 7.90%.

Basra Medium crude also closed in its last session up 40 cents to reach $71.76, and recorded weekly losses of $6.10, equivalent to 7.60%.

Global oil prices have recorded extended losses for 4 consecutive sessions, amid anticipation of the position of / OPEC + /.

US West Texas Intermediate crude recorded weekly losses of 7.9%, and Brent crude recorded sharp weekly losses exceeding https://ninanews.com/Website/News/Details?key=1152318

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

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 9-7-24

Good afternoon Dinar Recaps,

XRP POWERS UP CROSS-BORDER PAYMENTS – RIPPLE’S SOLUTION REDUCES COUNTERPARTIES AND SPEEDS UP TRANSACTIONS

▪️Ripple Payments addresses these challenges faced by businesses, such as liquidity issues and slow settlement, by using XRP crypto and the XRP Ledger.

▪️This system helps crypto businesses streamline operations, improve customer experience, and expand their global reach while reducing risks related to FX and crypto volatility.

With the growing adoption of crypto, traditional financial infrastructure has proven to be absolutely inadequate to cater to the needs of crypto and blockchain-powered companies.

 Thus, in identifying the key challenges for businesses, Ripple is at the forefront of addressing issues related to liquidity, low settlement times, and limited off-ramp options, which have recently stemmed from outdated cross-border payment systems.

Ripple’s recently published report highlights how exchanges, OTC desks, and other crypto companies have faced huge struggles in global transactions.

This has led to a major hindrance in their growth and success while creating a need for real-time cross-border payment solutions that provide transparency and speed as modern digital assets provide.

The Ripple report stresses that real-time payments are crucial in today’s fast-moving crypto space. Customers expect immediate transactions, and businesses require quick, flexible global payouts and instant settlement to ensure liquidity. 

However, traditional financial systems fail to provide the necessary speed, flexibility, or transparency, causing delays and high costs.

The problems increase further with the complexity of establishing global payout networks and the limited availability of off-ramps for digital assets like stablecoins.

Many financial institutions that do provide off-ramp services impose high fees and unfavorable foreign exchange rates, making it costly for crypto businesses to operate. This is exactly where Ripple comes into the picture.

Ripple Payments Provides Some Interesting Solutions

As reported by Crypto News Flash, Ripple payments leverage the XRP digital asset and XRP Ledger blockchain to provide speed, access, and cost-efficiency as requested by Crypto businesses. This system allows for transaction settlement within seconds.

Besides, it operates 24/7, thereby reducing costs by streamlining international payments. This gives crypto companies a competitive advantage by ensuring they can meet market demands quickly and offer better pricing to customers.

Businesses can connect with Ripple’s global payments network to simplify payments using a single API or UI while offering stablecoin and digital asset off-ramps for various currency payouts. This comprehensive solution improves customer experiences, builds long-term loyalty, and strengthens brand reputation.

Ripple Payments is a complete solution for crypto businesses looking to expand their international reach, boost market responsiveness, and mitigate risks associated with FX and crypto volatility.

 As reported by Crypto News Flash, it can also be a game changer for local banks facilitating cross-border business transactions.

On the other hand, Ripple is also building the XRP Ledger with the goals of introducing smart contracts, EVM sidechain, and other innovative NFT features to the XRP Ledger, reported CNF.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

IOTA NEWS: GROUNDBREAKING STUDY SHOWS HOW IOTA 2.0 SMART CONTRACTS SECURE SDN

A recent study explores how IOTA 2.0 smart contracts can enhance the security of Software-Defined Networking (SDN), addressing vulnerabilities in SDN’s centralized architecture.

The proposed solution leverages IOTA’s Tangle technology to offer scalability, eliminate transaction fees, and reduce energy consumption.

The latest study conducted explores the integration of IOTA 2.0 smart contracts into Software-Defined Networking (SDN) in order to explore the security vulnerabilities present in SDN’s centralized architecture. Although SDN offers network management solutions with better flexibility and control, its centralized nature comes along with significant security risks.

The paper’s proposed solution leverages IOTA’s Tangle technology, a directed acyclic graph (DAG) structure that boosts scalability, eliminates transaction fees, and reduces energy consumption.

According to the CNF report, the IOTA Tangle Treasury also implemented anti-fraud measures last month.

The study report also introduces three different smart contracts – Authority, Access Control, and DoS Detector – which ensure secure network operations by preserving control data integrity, preventing unauthorized access, as well as mitigating denial-of-service attacks.

Additionally, simulations conducted on the IOTA mainnet and the ShimmerEVM IOTA Test Network demonstrate the effectiveness of these contracts in bolstering SDN security. 

The findings emphasize IOTA 2.0’s potential to offer a decentralized and robust solution for securing SDN environments, thereby promoting the further integration of blockchain technology in network management, as reported by CNF.

Here’s How IOTA 2.0 Smart Contracts Secure SDN
As said, the SDN architecture uses IOTA’s Tangle technology to revolutionize network security via energy-efficient, scalable, and cost-effective solutions for real-time operations. 

Using its Directed Acyclic Graph (DAG) structure, IOTA’s Tangle facilitates parallel transaction processing without the need for miners. This helps in reducing both costs and energy consumption while facilitating secure network management.

As said, there are three smart contracts at the core of the system:

1.  Directed Acyclic Graph (DAG) structure: This acts as a gatekeeper, verifying trusted entities like ISPs while ensuring only authorized participants control network switches and devices.

2.  Access Control: This smart contract regulates communication between controllers and switches, thereby allowing only verified controllers to manage network data flow and preventing unauthorized access.

3.  DoS Detector Smart Contract: This smart contract provides real-time defense against denial-of-service (DoS) attacks by automatically blocking devices that send excessive requests.

For example, an Internet Service Provider (ISP) can securely manage switches across its network using IOTA 2.0’s smart contracts, ensuring all communications are verified and authorized.

Moreover, this decentralized, feeless system offers scalability and resilience, making it an ideal solution for global networks, the Internet of Things (IoT), and industrial applications, per the CNF report.

By decentralizing network management, IOTA addresses the risks of single points of failure and creates a more secure, adaptive system for modern cybersecurity needs.

@ Newshounds News™

Source:  CryptoNews

~~~~~~~~~

STABLECOIN ECONOMY EXPANDS $1.08B IN 2 WEEKS DESPITE REDUCTIONS IN KEY COINS

In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million.

Modest $1.08B Growth in Stablecoin Market Since Aug. 23

Growth in the stablecoin economy has slowed, though it continues to expand, as highlighted by recent statistics.

 From Aug. 23, 2024, to Sept. 7, 2024, the stablecoin market grew from $169.72 billion to $170.80 billion, a gain of $1.08 billion.

On Saturday, the stablecoin economy dominated trade volume, contributing $80.16 billion of the $114.2 billion traded in the last 24 hours.

Tether (USDT) saw its supply rise from 117.39 billion to 118.18 billion USDT, while Circle’s USDC experienced smaller gains, increasing by 50 million over the 15-day span.

However, DAI’s market supply dropped by 60 million since Aug. 23. Ethena’s USDE supply decreased by 330 million, and although FDUSD briefly surpassed USDE, it has since fallen back.

FDUSD, which stood at 2.65 billion, is now down 90 million, sitting at 2.56 billion today. Despite these reductions, the growth in USDT and several other stablecoins helped the stablecoin economy continue its upward trend, albeit at a slower pace compared to previous weeks. For instance, in the five days leading up to Aug. 23, the stablecoin economy expanded by $1.3 billion.

What do you think about the $1.08 billion added to the stablecoin economy over the last 15 days? Share your thoughts and opinions about this subject in the comments section below.

@ Newshounds News™

Source:  Bitcoin News

~~~~~~~~~

CHAMBER OF PROGRESS DEMANDS CLARITY ON CRYPTO FROM PRESIDENTIAL HOPEFULS

Chamber of Progress has urged the presidential debate moderators to ask for crypto clarity as 18 million Americans await candidate positions.

The Chamber of Progress, a technology industry coalition advocating for digital innovation, has urged moderators of the upcoming ABC presidential debate to include a critical question on crypto regulation.

In a letter sent to moderators Linsey Davis and David Muir on Sept. 5, the organization highlighted the growing role of digital assets in the US economy and called for transparency on the candidates’ positions.

The letter stated that over 18 million Americans currently hold or trade crypto, making it a pressing issue in the 2024 election cycle. It emphasized the importance of addressing digital asset policy in the first debate between Vice President Kamala Harris and former President Donald Trump.

The letter added:

“Voters deserve to know where the nominees stand on crypto before they head to the ballot box in November.”

Rising adoption

According to the letter, crypto has gained traction across various demographics. Recent polls reveal that one in five Americans has invested in, traded, or used crypto.

Moreover, data from the Kansas City Federal Reserve shows that Black investors are more likely to hold crypto than traditional stocks or mutual funds.

With Black, Hispanic, and Asian US adults accounting for 20% of crypto users, the letter noted that crypto policy has become a key issue for underrepresented communities.

Additionally, polling data cited in the letter suggests that Gen Z and Millennial voters are particularly invested in digital asset policy. More than half of these groups support a federal approach that fosters crypto use in the US.

As the 2024 election approaches, 52% of voters believe increased regulation of digital assets is necessary, with one in five registered voters considering it a major issue when casting their ballots.

Clear stance on digital assets

The letter also highlighted the evolving positions of the two major candidates. Former President Trump, who once referred to crypto as a “scam,” has since reversed his stance and is now actively courting crypto voters. His campaign has built a “crypto army” aimed at mobilizing supporters in favor of digital asset adoption.

On the other hand, while Vice President Harris has not yet released a formal crypto policy agenda, one of her senior advisors recently indicated that she is open to regulation that would promote the industry’s growth while protecting consumers.

The letter the need for the candidates to explain how they plan to balance nurturing innovation with safeguarding consumer interests. It added:

“A crypto question at September’s debate could bring voters some much-needed clarity on this important issue.”

With the rising adoption of digital currencies and ongoing discussions about regulatory frameworks, the Chamber of Progress hopes this debate will provide a platform for clear positions on the future of crypto in the US.

@ Newshounds News™

Source:   CryptoSlate  

~~~~~~~~~

US NATIONAL DEBT EXPLODES BY $684,322,497,000 IN THREE MONTHS AS FITCH WARNS AMERICA HAS FAILED TO FIX GROWING DEBT BURDEN

The US national debt has ballooned by over half a trillion dollars in just three months.

According to the U.S. Treasury, America’s national debt jumped from $34,635,364,143,328 on June 3rd to $35,319,686,640,609 on September 3rd – a surge of $684,322,497,000.

The massive rise is coming just over a month after the US national debt crossed the $35 trillion mark.

The US credit rating giant Fitch continues to sound the alarm on the growing debt and deficit.

In a new rating action commentary, Fitch says it is affirming its long-term “AA+” rating for the US with a stable outlook due to the nation’s high per capita income, position as the largest economy in the world and dynamic business landscape.

But the agency says it is not ready to upgrade the country to the “AAA” rating due to the nation’s underlying fiscal conditions.

“The ratings are constrained by high fiscal deficits, a substantial interest burden and high government debt, all of which are more than double the ‘AA’ rating medians…

The government has failed to meaningfully tackle large fiscal deficits, the growing debt burden and looming increases in spending associated with an aging population.”

The rating giant notes that the US has a significant edge over other nations due to the dollar’s status as the world’s reserve currency. But trust in the US and the dollar may erode if the country continues to rely on debt to fund expenses.

“However, persistent rises in the public debt burden would increase vulnerability to economic and confidence shocks.”

Last year, Fitch downgraded the long-term rating for the US from the “AAA” gold standard to “AA+,” citing expected fiscal deterioration over the coming years.

Source:  Dailyhodl

~~~~~~~~~

CBI'S BIG MOVE CONTRACTS WITH VISA, MASTER CARD AND MONEYGRAM  |  Youtube

 @ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

Okie's  NDA Secrets  Why Catfish Stay Safe!  |  Youtube

 @ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

The Future of Money RV, GCR, and QFS  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

China's New Forex Tool Game Changer  |  Youtube

@ Newshounds News™

Read more:  Currency Facts

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Some “Iraq News” Posted by Clare at KTFA 9-7-2024

KTFA:

Clare:  Opportunities in Iraq” after overcoming “years of turmoil” at an international conference in Washington

9/7/2024

The American Atlantic Council Institute announced that it will organize a conference on Iraq in Washington on October 15, with the participation of current and former politicians and experts from the United States and Iraq, where it will address opportunities and challenges in relations, overcoming years of turmoil, with a focus on the energy sector, and diversifying the Iraqi economy. 

According to the American Institute, the conference, which is being held within the framework of the "Iraq Initiative", under the title "The Path to Recovery, Development and Global Partnerships in Iraq", will bring together a diverse group of senior experts, researchers and policy makers from both the United States and Iraq, including current and former senior officials. 

The report, translated by Shafaq News Agency, explained that the conference, the third of its kind for the "Iraq Initiative", will address the major challenges and opportunities facing Iraq as it begins to overcome years of volatility, with early signs of recovery and development. 

The report added that the conference will focus this year on the advancement of the energy sector, the efforts of the Iraqi government towards sustainable economic diversification, and the evolving path of the US-Iraq relationship. 

The report added that the conference will witness dynamic discussion panels that explore how Iraq, the United States and the international community can interact positively with Iraq as it moves through its unique social, political, economic and security changes.

The report added that the conference will witness direct personal participation and via video, and will include translation into Kurdish and Arabic. 

The report concluded by saying that the "Iraq Initiative" program provides transatlantic and regional policymakers with unique insights and analyses on the ongoing challenges and opportunities facing Iraq as the country attempts to establish an inclusive political system, attract economic investment, and stimulate a vibrant civil society.   LINK

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

Clare: A large ministerial delegation will visit the region tomorrow to discuss several files and issue important decisions

9/7/2024

 Kurdistan Democratic Party member Wafaa Mohammed Karim confirmed today, Saturday, that tomorrow, Sunday, there will be a joint visit from the federal government to the region to discuss several files and follow up on the salaries of Kurdistan Region employees.

 Karim told Al Furat News Agency, "Tomorrow there will be a visit by the Ministers of Finance, Foreign Affairs, Planning, two ministers, the head of the Border Ports Authority, and the Governor of the Central Bank to the region to discuss several files and hold important meetings to follow up on the file of the border ports and the salaries of the Kurdistan Region employees."

He added: "The large ministerial delegation will go to resolve files and take decisive decisions regarding salaries, border crossings, and checkpoints between the region and the center." 

He stressed that "all these files will be discussed and important decisions will be issued in favor of both parties." 

In a related context, a source told Al Furat News Agency that Minister of Labor Ahmed Al Asadi will be among those attending the meeting.

From.. Raghad   LINK

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

Clare:  The first of its kind.. A meeting between the Economic Ministerial Council of the Baghdad and Erbil governments in Kurdistan

9/7/2024

A delegation from the Federal Ministerial Council for Economy will arrive this evening, Saturday, to hold a meeting with the Economic Council in the Kurdistan Region tomorrow, Sunday.

The federal delegation is headed by Deputy Prime Minister, Minister of Foreign Affairs and Chairman of the Ministerial Council for the Economy, Fuad Hussein.

The first joint meeting will be held tomorrow between the Federal Ministerial Council for the Economy and the Economic Council in the region, in the presence of Masrour Barzani, Prime Minister of the Kurdistan Regional Government. It will last for two days, to discuss the controversial issues between the two sides, and to ensure constitutional rights, financial dues, and the region’s share of the federal budget.   LINK

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

Clare:  Passing the investment law within two weeks.. What are the positives?

9/7/2024  Economy

The Parliamentary Investment and Development Committee expected, today, Saturday, to pass the Industrial Investment Law within the next two weeks in Parliament, while it spoke about the advantages and positives of this law.

The deputy head of the committee, Hussein Al-Saabri, said in an interview with Sumarya News, "Parliament will approve the industrial investment law within two weeks, and this law is one of the most important laws that serve the industrial investor in Iraq and raise the pace of industrial movement in the country," indicating that "this law includes customs exemptions and land ownership for the investor inside and outside the cities, with the precise identification of industrial areas within the cities."

Al-Saabri added, "The law also includes the protection of foreign investors, their money, and ownership within new industrial districts and areas with certain controls," noting that "the law is currently in the linguistic and legal amendment stage in preparation for presenting it to parliament sessions within two weeks for the purpose of voting on it."

Al-Saabri considered that "the approval of this law represents a qualitative leap in Iraqi industry," noting that "the law will greatly reduce exceptions, but rather there will be fair competition between companies and entities that win project contracts."   LINK

Clare:  Prime Minister issues directives to develop electronic payment systems and services

9/7/2024  Baghdad

Prime Minister Mohammed Shia Al-Sudani directed, on Saturday, to take a package of measures and directives to develop electronic payment systems and services and follow up on their implementation by specialized committees.

A government source said, in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "in the framework of Prime Minister Mohammed Shia Al-Sudani's continuous follow-up to the development of electronic payment systems and services, and in light of his review of the field supervisory reports related to the implementation of these services in various Iraqi ministries and institutions, he directed to take a package of relevant measures with follow-up of their implementation by specialized committees."

He added, "The directives were as follows:

1. Directing the Ministry of Planning, in cooperation with the Central Bank of Iraq and the World Bank, to create a national budget allocated to support and develop digital payment systems across the country.

2. Directing all ministries, including the Central Bank of Iraq, to ​​prepare an electronic cash flow statement periodically to ensure financial transparency, determine liquidity and manage risks, which contributes to improving financial planning.

3. Directing ministries and government institutions to establish strategic partnerships with banking and non-banking financial institutions as well as technology institutions and adopt effective action steps for cooperation and exchange of proposals and expertise.

4. Obligating financial and banking institutions to develop their technical and digital systems in accordance with the latest international standards, including strengthening anti-money laundering and anti-fraud systems; in order to ensure operational efficiency, improve the quality of banking services and achieve full compliance with regulatory controls.

5. Obligating financial and banking institutions to develop cyber protection systems and adopt the cyber resilience document, with strict adherence to the controls issued by the Central Bank regarding electronic governance, to ensure comprehensive protection of banking systems against cyber threats and ensure business continuity in the face of crises.

6. Directing ministries and government institutions to develop capable government work teams to follow up on electronic payment operations on a daily basis through training and qualification, and through specialized system portals provided by payment services companies.

7. Directing the Ministry of Communications to cooperate with ministries and government institutions to expedite the adoption of the Electronic Signature and Electronic Transactions Law No. 78 of 2012 to be compatible with the requirements of electronic payment and collection settlements in the Ministry of Finance in cooperation with the Central Bank of Iraq.

8. Instructing the Ministry of Finance to submit a study on the mechanisms for creating intermediate accounts, adopted by government institutions as a mechanism for dealing with restricted government accounts to solve the problem of interruptions for citizens in the event of failure of financial operations.

9. The Central Bank shall issue directives to private and government banks to deal transparently and not discriminate between electronic payment companies.

10. The Central Bank of Iraq shall prepare what is necessary to cancel the prepaid ceilings for cards used locally to ensure wider and more flexible use.

11. Directing ministries and government institutions to establish specialized units within government departments to facilitate financial matching and settlements and resolve disputes arising from electronic payment, in coordination with banks.

12. Directing the Integrity Commission to intensify monitoring of collection points in government departments to ensure transparency and integrity.

13. Directing the Financial Supervision Bureau to develop and legislate administrative and financial updates that are compatible with electronic payment systems and to follow up on them on an ongoing basis.

14. Emphasizing on government institutions and electronic payment service provider companies to implement the paragraphs contained in the electronic financial collection and collection agreements according to the responsibilities of each party contained in those agreements.

15. Directing government banks to complete the activation of the comprehensive banking system to improve financial and administrative performance.

16. Obligating all ministries and government institutions to adopt advanced electronic administrative and accounting systems to enhance efficiency and transparency.   LINK

“Tidbits From TNT” Saturday 9-7-2024

TNT:

Tishwash:  Urgent  Baghdad and Washington agree on a plan for the withdrawal of international coalition forces

Reuters news agency reported that the United States and Iraq agree on a plan for the withdrawal of international coalition forces from Iraq.

Reuters said, "The understanding between America and Iraq will witness the departure of hundreds of soldiers by September 2025."

She pointed out that "the understanding between America and Iraq stipulates the withdrawal of all forces in 2026."  link

Tishwash:  Approval of a plan to introduce solar energy systems to homes in Iraq

Prime Minister Mohammed Shia Al-Sudani chaired a meeting on the electricity sector today, Thursday (September 5, 2024), during which a plan was approved to introduce solar energy systems to homes in Iraq.

The Prime Minister's media office said in a statement received by "Baghdad Today" that "Al-Sudani chaired a special meeting to improve the electricity situation, in which the plans, programs and treatments prepared by the Ministry of Electricity and the authorities concerned with this sector were discussed."

He added, "During the meeting, a plan was approved to introduce the solar energy system to homes, through contracting with solid companies to reduce the loads on the electrical grid system. The Ministry of Electricity's plan for generation, transmission and distribution in the long term was also discussed, in addition to its plan for next summer, for which the necessary allocations were approved, and its implementation will begin now."

He stressed that "during the meeting, the economic model for purchasing electricity was approved, which came after several meetings and the follow-up of the Prime Minister and his guidance with the participation of the (KBR) company, which represents the advisory body to the government, in order to study it and submit recommendations regarding it."  link

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

Tishwash:  Three times more... Investment Authority announces increase in investment volume to $69 billion

Chairman of the National Investment Commission, Haider Makiya, announced today, Friday, an increase in the volume of investments achieved during a year and a half, while indicating that the amount reached 69 billion dollars, and explained the details of the largest environmentally friendly city in Baghdad.

"The volume of investments achieved by the Authority since the beginning of 2023 until mid-2024 amounted to $69 billion," Makiya told the Iraqi News Agency (INA), noting that "this number is the largest achieved by the Authority since its establishment until the beginning of 2023, which did not exceed $25 billion, achieving an increase of three times this amount."

He added that "the Authority is working continuously and seriously to consolidate the idea of ​​(productive investment), which represents a purposeful message to achieve in various economic sectors instead of merely setting a specific vision and seeking to provide the necessary implementation tools for it, which gives the Authority greater flexibility in controlling the type of investments, the extent of the need for them, and their feasibility," noting that "there are a number of successful investment models that the Authority is currently working on, including the (Sustainable Baghdad Forests) project, which is implemented on an area estimated at 700 dunums, and qualifies it to be one of the largest environmentally friendly cities and the largest residential cities in Baghdad, with an investment volume of up to one and a half billion dollars."  link

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

Tishwash:  Saleh: 70% of the market and the private sector are {gray} and evade paying taxes

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the existence of a “grey market” that accounts for nearly 70% of the market or private sector activity, “indicating that this percentage evades paying legal taxes.”

Saleh said in a press statement, "Taxes constitute in total about (25) percent of the gross domestic product in developed countries, while in Iraq they do not exceed (4) percent due to tax evasion, as the gray market, which is not known to the tax authorities, constitutes a percentage close to (70) percent of the market or private sector activity."

He added, "While negative taxes, which are cash income subsidies paid to the poor class, constitute (5) percent of the annual gross domestic product, and this constitutes the tax defect that compensates for the difference between the type of tax with the revenues of oil rents."  link

Mot:  Happy International Dog Day!

Mot: . Amazing Ad She Wrote... 1500 guys Responded!! 

Short Weekend News With MarkZ 9-7-2024

Short Weekend News With MarkZ

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

​​Meber: Welcome to a wonderful weekend!!!

Member: Good Morning Mark Z, when is this Farris Wheel going to stop????

MZ: Big article on Iraq this weekend “ US-Iraq Deal : Near Quarter century long pentagon occupation to finally end”   From Zero hedge. They are starting to phase out the occupations between now and September 2025.

Member:  That's great news!

MZ: What did Trump tell us years ago?  That we would leave as soon as Iraq paid us everything ….There is a window telling us we will finally get this thing.

Member: So are we waiting until 2025 now?

MZ: That does not mean we are waiting until then….It does not mean that at all. They just announced they are pulling out and have started the process. I do not think they would already be starting the process if they did not know the date they are getting all their money. We were told the US would leave when we got our money……and now they are leaving.

MZ: PM Sudani –in the news this week was asked if they are planning on revaluing the Iraq currency….and he answered yes they were….during his administration. Not sure how much longer he has got….but this is a huge one. He is telling us the goal during his administration is adding value and removing the zeros from the Iraqi dinar.  

MZ: Still waiting on news from bond people and group people. Redemption Center folks are on call…but have not been called in.

MZ: Nothing new on CMKX or any specific currency or prosperity packages….

Member:  Frank26 says next week the Iraq bankers will discuss the new currency…and that Al Alaq is still in New York working for new rate.

Member: Wow- I thought he was back in Iraq over a week ago……that seems big

Member:Thanks Mark and Mods….I pray everyone has a wonderful weekend.

Member: Remember- Every Saturday Night all the banks in the world are closed at the same time briefly. Some say it’s the best time for a reset???  Hope this is the one.

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.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=dePqR-sADRw

Iraq News Highlights And Points To Ponder Saturday AM 9-7-24

Who Is Responsible For The Fluctuation Of The Dollar Price?

2024-09-07 | Clear procrastination in managing the country's financial and economic file.

The failure to wrap the dollar rope around the neck of the Iraqi dinar through an American policy that besieged the country’s economy and began to interfere in the smallest details of financial movement and demand statements of financial transactions that require the exchange of dollars because the movement of Iraqi trade was confined to a number of foreign banks.  LINK

Finance Will Suffer.. What Does The Drop In The Price Of A Barrel Of Iraqi Oil To $70 Mean?

Source:  Alsumaria News  1,717 views   - Economy  Economic expert Nabil Al-Marsoumi revealed, today, Saturday, September 7, 2024, the impact of the decline in the price of a barrel of Iraqi oil to $70.

Al-Marsoumi said in a tweet followed by Sumaria News that the drop in oil prices to $70, with the decline in Iraqi oil exports to 3.3 million barrels per day, will lead to a decline in monthly oil revenues to 9 trillion dinars, of which 1 trillion dinars will go to cover the expenses of oil licensing companies,

 leaving 8 trillion dinars, which is only enough to finance salaries in their various forms, which amount to 7.5 trillion dinars per month, while half a trillion dinars will be allocated to finance the ration card items, while the rest of the operational and investment expenses will be financed from scarce non-oil revenues and from internal and external borrowing.

He added that taxes and fees will rise, debts will increase, and the foreign reserves in the Central Bank of Iraq will begin to descend because it is the first and last line of defense in light of the absence of any sovereign fund in Iraq, pointing out that the Ministry of Finance will suffer even in financing salaries during the next two months, and therefore it is expected that salaries will be delayed and may be reduced if the price of a barrel remains in the seventies for 6 months.  LINK

Employee Salaries Will Be Delayed And May Be Reduced.. Iraq Enters The Danger Zone Due To Oil - Urgent

Economy |Today,  Baghdad Today – Baghdad  Economist Nabil Al-Marsoumi expected, today, Saturday (September 7, 2024), that employees’ salaries would be delayed during the next two months, while he expected that salaries would be reduced if oil prices continued to decline for a period of 6 months.

Al-Marsoumi wrote a post on his personal account on the Facebook platform, which was followed by Baghdad Today, that “the drop in oil prices to $70 with the decline in Iraqi oil exports to 3.3 million barrels per day will lead to a decline in monthly oil revenues to 9 trillion dinars, of which one trillion dinars will go to cover the expenses of oil licensing companies, leaving 8 trillion dinars, which is only enough to finance salaries in their various forms, which amount to 7.5 trillion dinars per month, while half a trillion dinars will be allocated to finance the items of the ration card.”

He added, "The rest of the operational and investment expenses are being financed from scarce non-oil revenues and from domestic and foreign borrowing. Taxes and fees will rise, debts will increase, and the downward path of foreign reserves in the Central Bank of Iraq will begin because it is the first and last line of defense in light of the absence of any sovereign fund in Iraq.

The Ministry of Finance will suffer even in financing salaries during the next two months, and therefore it is expected that salaries will be delayed and may be reduced if the price of a barrel remains in the seventies for 6 months."

On Wednesday, September 4, 2024, economic expert Mustafa Hantoush warned of the danger of the decline in oil prices in the global market on Iraq’s budget .

Hantoush told Baghdad Today, "Iraq depends entirely on oil sales revenues to finance its budget, and certainly a decrease in those prices will have a major and dangerous impact on securing budget funds, especially in light of the significant increase in the size of the operating budget, which constitutes more than (75)% of the budget ."

He explained that "according to information, Iraqi oil is sold at less than global prices, and for this reason the budget relies on numbers lower than the price of oil sold, in anticipation of any emergency event that may reduce those prices, especially since the world is facing incidents that may lead to new declines, and this certainly has a major impact on the budget situation ."

Hantoush urged "the relevant government agencies to move quickly to find solutions to confront such an emergency, as this matter may affect the possibility of providing sufficient funds to support and finance the budget ."

Oil prices fell, continuing their losses after falling more than 4% to hover around their lowest levels since December, amid expectations that the political conflict that halted exports from Libya's main ports may be resolved and concerns about slowing global demand growth .

Informed sources say that "the price of a barrel of Iraqi oil fell today in the global markets to reach $69 per barrel, noting that its estimated price in the three-year budget was fixed at $70 per barrel," noting that "Iraqi oil is sold at its monthly price, not daily ."  LINK

Parliamentarian Warns: Iraq Will Enter A Civil War In This Case

Posted On 2024-09-07 By Sotaliraq  Member of Parliament for Kirkuk Governorate, Wasfi Al-Asi, believes that Iraq will enter into a civil war if all decisions of the dissolved Revolutionary Command Council are cancelled.

It is noteworthy that the Iraqi Council of Representatives issued a law in August 2007 stipulating the cancellation of the decisions of the dissolved Revolutionary Command Council No. (172) of 1989 and its amendment and Decision (1177) of 1975, while it cancelled dozens of laws that conflict with modern legislation.

The draft law to cancel the decisions of the dissolved Revolutionary Command Council includes a number of articles related to cancelling the decisions of the Revolutionary Command Council issued in the 1970s.

Al-Asi said, “The decisions of the Revolutionary Command Council that are to be cancelled in the House of Representatives are more than 9 decisions,” indicating that “they have nothing to do with the issue of taking lands from the Kurds and Turkmen and are absolutely in the interest of the Arabs.”

Al-Asi pointed out that these were decisions “in the period before 1979, that is, during the time of Ahmed Hassan al-Bakr, and at a time when there was no intention to Arabize or take the rights of others,” describing them as “decisions of public benefit issued by the Revolutionary Command Council to expand cities and urban development, and in which there is a public interest.”

Al-Asi pointed out that “most of the neighborhoods in Kirkuk and the rest of the governorates depend on this decision, otherwise this expansion would not have happened, as oil and military facilities, infrastructure and power stations were established, and if we cancel some of the decisions, the Kirkuk Great Water Project is supposed to be removed.”

The representative of Kirkuk province confirmed that he is not against lifting the injustice against any citizen in Kirkuk, adding that “the interest of the state in every era is a supreme interest and is better than the interest of the citizen, and that the effects of these laws begin with the Agrarian Reform Law of 1970 No. 117, which is taking the lands of the landowners who are called feudal lords and distributing them to the farmers.”

Al-Asi warned that “if these decisions are cancelled, all of Iraq will enter into a cycle of civil war,” noting that “hundreds of farmers live and work on these lands.”

If the bill is passed, the lands seized during the rule of the Baath regime headed by Saddam Hussein in Kirkuk and other areas will be returned to their original owners, especially Resolution No. 369 regarding the lands of Kirkuk and Tuz Khurmatu. LINK

Iraq's Losses Amount To $19 Billion Due To The Suspension Of Oil Exports.. Crisis In Restarting The Pipeline

Saturday,07-09-2024,AM 9:21   Ibrahim Al Habib   The spokesman for the Kurdistan Oil Industry Corporation (APICOR), Miles Caggins, confirmed that no agreement has been reached yet regarding the re-operation of the pipeline between Iraq and Turkey, and the resumption of crude oil exports from the Kurdistan Region to global markets. The financial losses incurred by Iraq as a result of the suspension of oil exports were estimated at $19 billion.

 In his remarks, Caggins explained that talks between officials from the Kurdistan Regional Government, the federal government and the Turkish side have not yet led to the resumption of exports, noting that many international oil companies have suspended their production in light of the current crisis.

He added that APICOR members want to hold discussions on amendments to the contracts signed, which should include guarantees for late payments and guarantees for how future payments will occur.

 These statements indicate the depth of the crisis facing the oil sector in Iraq, which needs an urgent solution to ensure the resumption of oil activities and mitigate the major economic damage inflicted on the country.    https://non14.net/public/169941

Seeds of Wisdom RV and Economic Updates Saturday Morning 9-7-24

Good Morning Dinar Recaps,

BRICS SUMMIT 2024: 54 NATIONS TO ATTEND, DITCHING THE US DOLLAR – IS BITCOIN ADOPTION NEXT?

▪️The BRICS summit for 2024 is gaining momentum, with about 54 nations likely to attend.

▪️Bitcoin might take center stage as the group explores an alternative currency in an aggressive de-dollarization push.

About 54 nations are set to attend the highly anticipated BRICS 2024 Summit scheduled for next month. A major discussion at the event would focus on reducing US dollar trade settlements within the group. This has raised questions about the adoption of Bitcoin (BTC) among BRICS member countries.

This bloc is an intergovernmental organization with Brazil, Russia, India, China, and South Africa as its founding members.

Expectations of BRICS Expansion

Market participants are highly anticipating an expansion announcement from BRICS, just like it did in the BRICS 2023 Summit. As noted in our previous report, the economic group welcomed UAE, Egypt, Ethiopia, and Iran in January, bringing the total number of member countries to nine.

Notably, the BRICS Group’s first attempt at expansion was in 2010, when it welcomed South Africa as a member. With 54 countries expected to attend the BRICS Summit this year, a similar expansion could take place. Russian aide Yury Ushakov said 36 heads of state have received invitations, while 18 nations have already confirmed they will attend.

Compared to 2022, the BRICS group has grown into a key economic collective on a global scale. With a key event on the horizon, the group’s influence has amplified further this year. While 2023’s summit had the most historic announcement, this year’s event is set to be the biggest in the Bloc’s history.

Officials have praised the preparations for the upcoming event. Ushakov stated,

We are satisfied with the way the perpetration [for the summit] is going. The preparations are indeed serious, as the event is of an unprecedented scale.

Notably, talks about expansions have also been going on, with many countries expressing interest in joining the economic group. As discussed earlier, almost 30 countries expressed interest in joining the group in January. This has only increased over the previous eight months, highlighting the group’s growing influence on economic, political, and security collaboration.

BRICS De-dollarization Efforts With Blockchain

The upcoming event could have an unprecedented impact on global finance as the BRICS bloc has been actively working towards de-dollarization. A recent update we covered shows that the group has been developing its BRICS Pay system.

The blockchain-based payment system is set to be the global south’s answer to the West’s SWIFT. Market players think the system could finally debut at the upcoming summit.

As more nations move away from the US dollar’s dominance, BRICS may contemplate embracing Bitcoin. The digital asset is largely decentralized and inclusive of all investors without discrimination, which makes it a good fit for the BRICS.

The approval of spot Bitcoin exchange-traded funds (ETFs) in the United States has further strengthened Bitcoin’s position as an asset class. Therefore, integrating Bitcoin into the new BRICS payment system could be a major topic at the BRICS 2024 Summit.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

US SEC TARGETS CRYPTO MARKET AGAIN, REVOKES SECURITIES LICENSE OF CRYPTO LENDER

The US SEC has revoked the securities license of a crypto lender for non-compliance with reporting requirements, sparking concerns of regulatory overreach in the crypto market.

▪️US SEC revokes Salt Blockchain's securities license due to non-compliance with reporting rules.

▪️SEC claimed that the crypto lender failed to file periodic reports since December 31, 2021.

▪️Regulatory action sparks concerns about SEC's regulatory overreach in the crypto market.

▪️Expert predicts increased enforcement actions by SEC near fiscal year-end.

The US SEC has once again targeted the digital assets sector, with the latest regulatory actions against crypto lender Salt Blockchain. The agency has revoked the securities license of the crypto lender, sparking discussions in the market. It’s worth noting that the regulatory body has received heavy backlash from the crypto community recently, claiming the regulatory overreach of the agency.

US SEC Revokes Salt Blockchain’s Securities License

The US SEC has recently disclosed in a report that it has revoked the registration of securities for Salt Blockchain. The move against the Delaware-based crypto lender comes as the firm failed to comply with legal report requirements, the report showed.

The order states that the company hasn’t filed periodic reports since December 31, 2021, which violates Section 13(a) of the Securities Exchange Act of 1934, along with other rules. Notably, this non-compliance with reporting requirements has led the agency to impose sanctions, ultimately revoking the firm’s securities license.

Meanwhile, Salt Blockchain had previously faced regulatory hurdles in 2020, but it appeared that the firm has resolved those issues. Besides, the company has even explored potential buyers at a point. However, the latest regulatory action highlights the firm’s ongoing compliance struggles.

Meanwhile, the revocation became effective on September 6, 2024, and marks a significant setback for Salt Blockchain as it navigates the regulatory landscape.

Notably, the order showed that Section 12 (j) of the Securities Exchange Act grants authority to the agency to suspend to freeze a securities license if an issuer fails to maintain the legal requirements.

Crypto Market Remains On Edge

The SEC’s latest action against Salt Blockchain has stirred debates about the agency’s regulatory approach toward the crypto sector. Critics argue that the SEC’s enforcement strategy is too aggressive, potentially stifling innovation and growth within the digital assets market.

Many in the crypto community view these actions as part of a broader pattern of regulatory overreach. Notably, the agency has recently faced heavy criticism for issuing a Wells Notice against OpenSea, targeting NFTs.

In addition, Jake Chervinsky, Chief Legal Officer of VariantFund, noted that enforcement actions by agencies like the US SEC and CFTC could intensify as their fiscal year-end approaches on September 30. Chervinsky suggested that regulatory bodies often increase enforcement activities near fiscal deadlines to bolster performance metrics for budgetary reviews. In a recent X post, the CLO said:

“It’s typical in September to see a flurry of enforcement actions as they shore up their performance reports and budget requests for Congress.”

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

ANALYSTS BELIEVE TOKENIZATION SOLVES GLOBAL TRADE FINANCE ISSUES

▪️Tokenization can solve global trade finance issues, say major financial analysts.

▪️It simplifies financing, increases liquidity, and reduces transaction costs.

▪️Efforts like MakerDAO's competition promote tokenization despite adoption challenges.

Analysts from major financial institutions believe tokenization will significantly solve global trade finance issues. According to stakeholders from Standard Chartered and HSBC, tokenization will make financing options more accessible for interested organizations.

HSBC Global Trade Solutions Product Manager Bhriguraj Singh recently stated in an interview that tokenization would be directly beneficial for these companies and trade finance providers.

According to Singh, tokenization will simplify financing and distribution in global trade processes, which could make banks and other companies more liquid.

Tokenization and Trade Finance Gap

Tokenization is the process of representing real-world assets (RWAs) or data on a blockchain. This process increases liquidity and improves accessibility. 

By converting assets into tokens on a blockchain, tokenization speeds up trade transactions and reduces transaction costs due to the absence of intermediaries.

 Steven Hu, Head of Digital Assets, Trade, and Working Capital at Standard Chartered, believes blockchain technology will optimize financial services and make credit facilities more accessible.

The trade finance gap refers to the difference between import and export demands and the corresponding approvals. According to the Asian Development Bank (ADB), this gap worsened by 29.4% in 2022, reaching $2.5 trillion from $1.7 trillion in 2020. Estimates predict this figure will rise to $36.2 trillion by 2030.

“Imagine a future where the trade finance element is structured within a digital token and can be freely traded in secondary markets. This will turn into a new potential business model based on fees.” – Steven Hu

Advantages of tokenization include expanding a company’s target audience and making it easier to invest in unfamiliar markets. Additionally, it significantly reduces the transaction process, allowing companies to transfer securities and make instant payments via blockchain. Otherwise, this process could take several days.

While Steven Hu praises the benefits of tokenization, he also noted that a lack of expertise could delay its adoption.

Ongoing Efforts

While widespread adoption of tokenization may take time, efforts are already underway by various stakeholders. For instance, in July, MakerDAO announced a tokenization competition for innovators looking to introduce related products.

MakerDAO’s Spark Tokenization Grand Prize plans to include $1 billion worth of tokenized real-world assets (RWA) into the decentralized finance (DeFi) ecosystem. The competition prioritizes proposals aligned with MakerDAO’s Spark ecosystem and focuses on those with high liquidity and competitive pricing potential.

The judging panel includes renowned platforms such as Steakhouse Financial and Phoenix Labs, which will evaluate the submitted proposals. After selecting several finalists, MKR token holders will vote to determine the ultimate winner.

Tokenization has the potential to narrow the global trade finance gap. HSBC and Standard Chartered officials state that this technology will optimize financial services and make credit facilities more accessible. However, the lack of expertise and the process of widespread adoption may take time.

Meanwhile, organizations like MakerDAO are undertaking various initiatives to promote tokenization. These processes should be closely monitored, and developments should be carefully followed.

@ Newshounds News™

Source:  CoinTurk News

~~~~~~~~~

STAKING REWARDS TO HOST WORLD’S LARGEST STAKING SUMMIT IN BANGKOK NOVEMBER 8–9, 2024

Crypto staking explorer Staking Rewards has announced that its international staking conference is returning for its third consecutive year.

The two-day summit will be hosted in Bangkok, Thailand, from November 8-9, 2024, uniting key participants in the global staking industry to provide insights and innovations that will shape the future of PoS (proof-of-stake).

Set to be hosted at the Siam Kempinski Hotel in Bangkok, the 2024 Staking Summit promises to be the largest event of its kind.

Over the course of two days, delegates will hear keynotes, panel discussions, fireside chats and participate in workshops that illuminate the latest industry developments across the multi-chain landscape.

Topics such as Bitcoin staking, restaking, LSTfi, validators, home staking and emerging PoS chains will be among the many themes up for debate during a conference that covers every aspect of the multi-billion dollar staking industry.

@ Newshounds News™

Read more:  Daily Hodl

~~~~~~~~~

HOW GENERATIVE AI IS TRANSFORMING BANKING  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

CBI Bank's High Stakes NYC Negotiations  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

STOCK MARKET CRASH SILVER'S NEXT MOVE!  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

TRUMP'S BOLD PLAN TO SAVE THE DOLLAR!  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Saturday AM 9-7-2024

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 Sat. 7 Sept. 2024

Compiled Sat. 7 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Fri. 6 Sept. 2024 TNT Update: The rates are still live. All kinds of meetings yesterday . Everyone says it’s going to happen by Monday. Some believe this evening.

Fri. 6 Sept. 2024 Wolverine: We are there – at the finish line. This should be our weekend. Anytime after 5 pm and before Sunday. Things are happening now as you don’t see it. Huge platforms have been completed and in a few days they are going to get paid.

A lot of bond holders and foundations have received their notification and are flying to Reno or to their respective platform. The Precatorias still have not been released yet. The report of the Precatorias having been released to its Brazilian people was disinformation. The EBS is imminent as I spoke to a contact in New York and he has assured me that there are military presence in New York and there is huge hotel where most military are staying. This is not only in New York but in various cities in USA.

Fri. 6 Sept. 2024: QFS NEWS: All Banks are Transitioning Over Into the QFS – Start Getting Hold of the ISO 20022 XLM and XRP – 8 Billion People Will Inevitably Transition to the QFS – amg-news.com – American Media Group

Tues. 3 Sept. 2024: BRICS Pay Blockchain System to Launch Next Month? – BRICS news (brics-news.com)

~~~~~~~~~~

Global Financial Crisis:

Fri. 6 Sept. 2024 Bitcoin. Market Crash. Goldman Sachs: https://www.forbes.com/sites/digital-assets/2024/09/05/goldman-sachs-issues-huge-fed-crash-warning-as-a-legendary-trader-suddenly-flips-his-bitcoin-price-prediction/

~~~~~~~~~~~

Quantum Financial System QFS

This is the Great Financial Shift leading to a new Quantum Financial System that can only contain true asset-backed currency. An asset-backed digital currency qualifies as a “currency.”

All currencies will be “Asset Backed” in each country. This could be gold, silver, platinum, oil, precious metals or any other major asset that the country has.

Only two cryptocurrencies will be backed by gold – XRP and XLM!

All others, not backed by assets, will disappear by the end of 2024.

Quantum software and computers make the system the most secure on the planet and impossible to hack.

All banking transactions will eventually be conducted in QFS.

Banks as we know them will change dramatically.

QFS will hold all money in “Digital Form”, although it will still be asset-backed.

All money transfers (moves) will contain at least 50 movement records, which will be stored in milliseconds simultaneously on six main surface server farms.

All cash movements are kept in permanent records. So there is NO fraud or criminal activity that cannot be traced.

All people will have a “digital wallet” account with QFS rather than with a bank. This digital wallet is 100% secure.

You can use your “Debit Card” directly from this account.

You can transfer money with 100% security to any bank account, country, citizen anywhere in the world.

~~~~~~~~~~

Fri. 6 Sept. 2024 Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency

The collapse of the fiat system has been a long time coming. Historically, fiat money, which lacks intrinsic value, became the global standard in the 20th century. This shift allowed governments and central banks to print money freely, unbound by the tangible value of precious metals. Over time, this led to rampant inflation, economic bubbles, and numerous financial crises. The 2008 financial crisis, fueled by reckless lending practices and inadequate oversight, exposed the vulnerabilities of the fiat system. Governments responded by printing even more money, further eroding the value of currencies and deepening the crisis of confidence.

In the wake of the 2008 crisis, digital currencies like Bitcoin emerged, offering a decentralized alternative free from the grip of central banks and government control. However, these digital currencies were not without their own issues-high volatility, lack of intrinsic value, and associations with illigal activities limited their ability to truly replace the flawed systems they sought to disrupt.

Enter the USN US Note, a new currency that promises to bridge the gap between the stability of traditional assets and the innovation of digital finance. As the sun rises over the horizon, casting its golden hue across the land, the USN US Note emerges like a phoenix from the ashes of a broken financial system. This currency is more than just a means of exchange; it is a symbol of financial redemption, a return to an era where money was backed by real value-gold. The USN US Note, backed by the Quantum Financial System (QFS) and the undeniable value of gold, stands as a beacon of hope against the backdrop of economic despair and deceit that has plagued us for generations.

For far too long, our financial systems have been mired in deceit, and instability. The fiat currency system, with its lack of intrinsic value, has led us down a path of endless debt and economic uncertainty. Central banks, with unchecked power, have manipulated markets, eroded savings, and fostered financial inequality. But now, with the advent of the USN US Note, there is a bold departure from this flawed past.

At the core of the USN US Note’s promise is the Quantum Financial System (QFS), a revolutionary financial network that utilizes quantum computing technology to ensure the highest levels of security, transparency, and efficiency. Unlike traditional financial systems, which are susceptible to hacking, fraud, and manipulation, the QFS is virtually impenetrable. It guarantees that every transaction is secure, transparent, and immutable, restoring trust in our financial systems.

The cornerstone of the USN US Note is its gold backing. Each note is backed by a specific amount of gold, ensuring that it retains intrinsic value. This gold-backed stability provides a safeguard against inflation, making the USN US Note a reliable store of value. It embodies a time-honored principle: money should be grounded in real, tangible assets. By merging the stability of a gold-backed currency with the efficiency and transparency of digital systems, the USN US Note addresses the shortcomings of both fiat and digital currencies.

This new currency represents not just a financial instrument but a revolution in how we perceive and interact with money. The USN US Note, underpinned by the QFS, is set to redefine the future of finance, offering stability, transparency, and true economic redemption. A new era in finance has dawned, bringing with it the promise of a stable and prosperous future.

Read full post here:  https://dinarchronicles.com/2024/09/07/restored-republic-via-a-gcr-update-as-of-september-7-2024/

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

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

Frank26  Article:  "The Central Bank of Iraq reveals the mechanism for ending the electronic platform"  IRAN... SAY BYE BYE TO YOUR CASH COW AND MOOOVE OVER!  Quote: "During the year 2024 and until now, 95% of the transfer process from the electronic platform to the correspondent banking mechanism directly between it and Iraqi banks has been achieved"   MONETARY REFORM HAS BEEN ACHIEVED!

Militia Man   Who is at the helm of the Central Bank of Iraq?  He [Alaq] got a lot of bad press recently.  People were trying to get rid of him.  He's probably doing such a good job they didn't like it and they wanted him out because the cash cow which is the parallel market makes them billions and they aren't going to have that anymore.  That time Is over.

BRICS Shocked the Western World: What's Going on?

Fastepo:  9-6-2024

Countries in the BRICS alliance and other Global South nations have increasingly expressed discontent with the United Nations, citing several prominent issues.

 At the forefront is the disproportionate sway that Western powers hold over key international organizations and decision-making forums. These nations argue that the current UN framework fails to properly represent their interests and perspectives, leading to demands for a more equitable and democratic global structure.

 At a recent BRICS summit, member nations called for extensive reforms within the UN, with a particular focus on enhancing the role of emerging economies.

One of their primary concerns is the composition of the Security Council, alongside the need to revisit the veto power held by its permanent members.

This growing dissatisfaction has fueled calls for comprehensive reform or even a total restructuring of the UN, aiming to create a more balanced and representative system of international governance. In this analysis, we will delve into the key reforms being proposed and the motivations driving these changes.

https://www.youtube.com/watch?v=k2--oLOTWRk