IQD Update-Iraq Dinar-#iraqi dinar-#xrp-Iraq Reconciling-Unifying with Kurdistan - Al-Sudani does it

IQD Update-Iraq Dinar-#iraqi dinar-#xrp-Iraq Reconciling-Unifying with Kurdistan - Al-Sudani does it

Militiaman and Crew:  9-9-2024

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

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

https://www.youtube.com/watch?v=xko0KfKg7ec

Iraq News Highlights and Points To Ponder Monday Evening 9-9-24

It Will Upset The Parallel Market.. Sources: Expected Decisions From The Central Bank Will Confuse The Markets And Raise Exchange Rates
 
Economy | Today, 15:00 |  Baghdad today – Baghdad   A banking source reported today, Monday (September 9, 2024), that there has been confusion within the foreign currency markets, while it is likely that their prices will rise. The source told "Baghdad Today",
 
"The Central Bank will issue new decisions regarding foreign currency prices and the way it is traded inside Iraq." He added, "These decisions are likely to cause an increase in the dollar exchange rates in the parallel market due to the scarcity of the currency."

The source stated that  "the aim of these decisions is to limit currency smuggling or its monopoly in the hands of weak souls."
 
This afternoon, the dollar exchange rates witnessed new increases on the two main stock exchanges and local markets.
 
The "Baghdad Today" correspondent said that the dollar exchange rates recorded 150,500 for every 100 dollars on the two main stock exchanges. He added that the selling price at money exchangers also rose to 152,500 for every 100 dollars.  
 
https://baghdadtoday.news/257530-ستقلب-السوق-الموازي.-مصادر-قرارات-مرتقبة-من-البنك-المركزي-ستربك-الأسواق-وترفع-أسعار-الصرف.html   

The Collapse Has Begun... 8 Revelations About The Truth About Iraq's Economy

Economy  2024-09-09 | 6,363 views  Alsumaria News – Economy    An economic researcher identified 8 latent weaknesses in the Iraqi economy, in a comment on fears of economic collapse, describing the collapse as having occurred a long time ago, and the fluctuations in oil prices prolong or accelerate the final collapse.

Economic researcher Munar Al-Obaidi said in a clarification followed by Sumaria News, that with the decline in oil prices and the unprecedented rise in operating expenses to reach a growth rate in current expenses exceeding 30% and a decline in revenues by 16%, the most important question arises: Is the Iraqi economy facing a crisis or a collapse? He pointed out that “the factors of the sustainability of any economy depend primarily on the diversity of its sources and the control and planning of its expenditures.”

He explained that "we cannot expect the sustainability of an economy in which more than 500 thousand researchers enter the labor market annually and is unable to create productive job opportunities of more than 20 to 30 thousand opportunities at most, and an economy based on the sale of one commodity and its prices are not controlled through one outlet and for only two countries."

He continued in describing the Iraqi economy as "an economy based on a deteriorating business environment with no role for the private sector in turning the wheel of the economy, an economy that adopts the private sector and with patronage laws and legislation that give preference to the public sector, a consumer economy based on an unprecedented consumption pattern without production having a role, an economy that employs more than 6 million employees with almost zero productivity, an economy marred by corruption, lack of transparency and inequality of opportunity, an economy that does not have foreign investments and is unable to attract them."

He considered that "the collapse happened a long time ago and the fluctuations in oil prices are merely prolonging or accelerating the process of the collapse and the manifestations of the collapse will be faster than the decline in oil prices." LINK

We Are Heading Towards Financial Fragility.. How Did The New Appointments Affect The Budget?

Money and business    Economy News – Baghdad   Finance and development expert, Aqil Jabr Al-Muhammadawi, stressed today, Monday, the necessity of reconsidering the engineering of public finances in light of the threats and risks of the decline in crude oil prices in global markets, while explaining the impact of new appointments on the budget.

Al-Muhammadawi said, in an interview with "Al-Eqtisad News", that "there is a priority to review the priorities of public finance and implement the federal budget for the remainder of 2024 in light of the negative repercussions of the decline in oil prices on the state's public finances and its effects on the federal budget and the implementation of the government program's targets."

He added: "We are moving towards a financial fragility of the federal budget structure, and not within a fragile budget mentality; because it is based on solid accounting and financial rules, principles, and foundations, clear, specific, and tangible economic goals, and the ability to be implemented in reality and in fact, in addition to the availability of financial capacity or abundance, in light of the threats and risks of the decline in oil prices, which constitute more than 85% of the revenues of the federal budget structure."

The financial affairs specialist pointed out that "there is a noticeable increase in the 2024 budget, especially in the number of employees, to reach approximately 4.08 million employees, an increase of 18.1 million employees over 2019, while it did not exceed 209 million employees in that year 2019, in addition to increasing health care to become approximately 25 trillion dinars in 2023, and the increase is expected more in 2024, with an increase of 5.3 trillion in 2023 over what was actually achieved in 2019."

Al-Muhammadi said, "This increase represents additional burdens on the state's public finances, which are not met by new sources of revenue or sovereign investment funds that produce new financial brides."

He stressed: "The importance of quickly reviewing, with steps and a well-studied methodology, the reorganization and analysis of the federal budget structure and the corresponding real and tangible spending priorities, and the possibility of re-engineering the structure of public expenditures and the quantitative management of some non-governing paragraphs."

83 views 09/09/2024 - https://economy-news.net/content.php?id=4737

How To Manage A Major Financial Windfall

How To Manage A Major Financial Windfall

Danielle Antosz   Updated Mon, September 9, 2024  Moneywise

Virginia dad gives son $1M winning lottery ticket as wedding gift — how to manage a major financial windfall

Most newlyweds expect stand mixers, silverware, or new sheets as traditional wedding gifts. But for bride-and-groom Kiana and Aaron Andrews of Prince William County, Virginia, they received something a lot more valuable.

Just before their April wedding, Aaron's father, a frequent lottery player, purchased a ticket for the Virginia Lottery's Cash4Life draw — and won. He had the choice of either $1,000 every week for the rest of his life, or a $1 million lump sum payout.

But rather than cashing out the ticket, Aaron’s father decided to give the winning ticket to his son as a wedding gift. His dad jokingly told Fox 5, "This was the best way to get him out of my basement."

Prior to receiving the ticket, Aaron and Kiana had decided to move in with Aaron’s father to help them save money. But now, with the help of a financial adviser, they've decided to take the lump-sum payment of $1 million, which allows them to help out Aaron's grandmother, set up college funds for their future children, and, one day, buy a home.

"I have a great father who has done nothing but look out for me!" Aaron told Virginia Lottery officials as he redeemed the ticket.

Lump Sum Vs. Weekly Annuity Payments

After speaking with a financial adviser, Aaron and Kiana decided to accept the $1 million lump sum cash payout rather than receive $1,000 every week for the rest of their lives. There are several benefits of taking the lump sum.

The $1,000-a-week payment only lasts as long as Aaron is alive. If he happens to die at a young age, for example, the payouts would cease and couldn’t be passed on to his heirs. However, taking the cash payout means he has access to the funds now.

It’s also worth considering that, while $1,000 a week sounds like a lot, the value of that money will change over time due to inflation.

TO READ MORE:  https://www.yahoo.com/finance/news/virginia-dad-gives-son-1m-100400194.html

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

Good Evening Dinar Recaps,

BRICS NEWS

El Salvador Proposes Crypto Trade With BRICS, Ditching US Dollar

El Salvador proposes crypto trade with BRICS, aiming to reduce dependence on the US dollar and enhance economic cooperation.

Russia's new crypto trade law enables El Salvador to simplify trade and evade Western sanctions, boosting bilateral trade.

El Salvador's crypto integration with BRICS signals a major shift in global trade dynamics, challenging US dollar dominance.

El Salvador recently proposed using cryptocurrency for trade with the BRICS alliance, aiming to reduce reliance on the US dollar. This move follows Russia's recent legislation allowing crypto for international trade. The legal shift, set to take effect in September, allows Moscow to circumvent Western sanctions.

Russian diplomat Alexander Ilyukhin stated this measure would simplify trade for El Salvador, where the dollar is the official currency. The proposal marks a step in El Salvador's ongoing efforts to integrate cryptocurrency into its economy. Furthermore, it aligns with the BRICS alliance's goal of de-dollarization and boosting the use of its own currency.

The BRICS alliance has focused on reducing reliance on the US dollar in recent years. The group seeks to shift international economic dynamics away from Western influence. Russia's legalization of crypto for trade represents a major stride in this direction. Hence, El Salvador's proposal could signal a new era of economic cooperation between the two nations.

Overcoming Trade Challenges and Western Pressure

Moreover, Ilyukhin highlighted the difficulties in trade settlements due to El Salvador's dollar dependency. He noted that El Salvador faces pressure from the West over this proposal. However, the diplomat emphasized the potential benefits of increased cooperation through crypto trade. This move could enhance trade volumes between El Salvador and BRICS nations.

Additionally, El Salvador's interest in joining the BRICS alliance could further solidify these economic ties. Although the country has not yet applied for membership, the potential for collaboration is evident. Consequently, El Salvador's connection to Bitcoin and other cryptocurrencies could facilitate smoother and more efficient trade with BRICS nations.

@ Newshounds News™

Read more:   Binance

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Gary Gensler Fired from SEC by Kamala Harris – Is Bitcoin Poised for a Breakout?

▪️The removal of Gary Gensler as the chairman by the Vice President Kamala Harris has created a lot of ambiguity in the cryptocurrency.

▪️The resignation may well indicate a potential change of tack to a more pro-crypto stance; all the same any significant shifts will likely take time to enact.

▪️Subsequent appointment of Gensler’s successor will have a major influence over the future of the U. S. cryptocurrency regulations and markets.

As part of the role reversal, Gensler, the head of the SEC, has been fired by Harris from his position. This has come as a huge shock in the financial industry especially the cryptocurrency business. SEC under Gensler has been very rigid in its approach towards the regulation of cryptocurrencies and this has not gone down well with proponents of the industry.

The announcement of Gensler stepping down has led to speculations on further shifts in the regulatory framework for cryptocurrencies. Some experts think that this may be a sign of more favorable approaches to the electronic currency. Bitcoin being the most popular cryptocurrency might experience a rise in demand from investors if the barriers created by the regulations are removed.

However, one must add that any major changes in the policy might take time to be effected. This news could elicit short-term movement in the cryptocurrency market, which is historically characterized by high levels of fluctuation. The long-term prospects are still unclear and will depend on the further actions of Gensler’s successor.

@ Newshounds News™

Source:  Crypto News Land

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Charles Hoskinson: Cardano Will Always Be Bitcoin’s Biggest Threat

▪️Charles Hoskinson believes Cardano is Bitcoin’s greatest competitor in the crypto space.  

▪️Cardano’s eco-friendly proof-of-stake system and smart contracts set it apart.  

▪️Hoskinson envisions Cardano evolving, challenging Bitcoin’s rigidity with regular upgrades.

Charles Hoskinson, the founder of Cardano, firmly believes that Bitcoin’s greatest rival has always been Cardano. He’s confident that Cardano is not just another cryptocurrency, but a game-changing platform.

According to Hoskinson, Cardano has the potential to challenge Bitcoin’s long-held position at the top. With its advanced technology and unique approach, many in the crypto world are starting to see his point.

What Sets Cardano Apart?
Hoskinson’s belief in Cardano comes from its strong foundation. While Bitcoin is known primarily as a store of value, Cardano aims to be much more.

Cardano offers a decentralized platform for smart contracts, decentralized finance (DeFi), and a variety of other applications. This broad focus makes it stand out in the competitive cryptocurrency landscape.

One of Cardano’s biggest advantages is its proof-of-stake (PoS) system. Unlike Bitcoin’s proof-of-work (PoW) model, which consumes large amounts of energy, PoS is much more efficient.

This difference makes Cardano more appealing to environmentally conscious investors and developers. As the demand for greener technology grows, Cardano’s eco-friendly approach could give it a significant edge.

Hoskinson’s Vision for Cardano’s Future
Hoskinson has big plans for Cardano’s future. He doesn’t just see it as a competitor to Bitcoin; he envisions it as a blockchain that can evolve and adapt.

This adaptability, he argues, is one of Cardano’s greatest strengths. Regular upgrades, such as the Alonzo update which introduced smart contracts, show the project’s long-term commitment to innovation.

In Hoskinson’s view, Bitcoin’s rigidity could be its downfall. While Bitcoin has widespread adoption and a strong reputation, it lacks the flexibility that Cardano (ADA) has.

Cardano’s strategic vision and technological innovation position it as a serious competitor. Whether it can truly dethrone Bitcoin remains uncertain, but Hoskinson is betting on it.

@ Newshounds News™

Source:  Crypto News Land

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Newshound's Currency Facts Youtube and Rumble

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Economist’s “News and Views” Monday 9-9-2024

This Next Punch Will Take Down the Entire Market Warns Famed Fund Manager

Daniela Cambone:  9-9-2024

Michael Gayed, CFA, drops a bombshell in today's interview with Daniela Cambone:

A looming market crash. Citing a slew of economic red flags, Gayed warns investors to buckle up.

He dives into the reversal of the reverse carry trade, a market dynamic that could ignite volatility.

And to weather the storm, he recommends ditching risky bets and piling into defensive assets like gold, utilities, and long-duration treasuries.

CHAPTERS:

0:00 Bearish Perspective

 1:00 The Reverse Carry Trade

 3:30 September Weakness

6:00 Tech Giants and the S&P 500

8:00 Bond Market Signals

10:00 Economic Warning Signs

 13:00 Inflation Debate

16:00 From Markets to Fitness

https://www.youtube.com/watch?v=GZUviF3D7Ks

Yellen is the 'Salesperson' for the Economy: Will the Fed’s Rate Cuts Backfire? - Peter Boockvar

Kitco News:  9-9-2024

Jeremy Szafron, Anchor at Kitco News, interviews Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, about the U.S. economy, interest rate cuts, inflation trends, and China's impact on the global gold market.

Boockvar dissects the widening gap between Wall Street and Main Street, explaining how consumer experiences differ dramatically depending on income levels.

He critiques Janet Yellen's recent remarks, calling her a "salesperson" for the economy and questions the Federal Reserve's next moves, including the potential rate cuts' irrelevance.

00:00 - Introduction: Yellen on the Economy

02:00 - Yellen's Optimism vs 2008 Warnings

04:30 - Treasury Secretary as Economic 'Salesperson

' 06:20 - Economic Divide: Wealthy vs. Low-Income Consumers

 08:50 - Global Impacts: China and Europe

11:00 - Rate Cut Debate: 25 or 50 Points?

13:40 - Inflation Concerns and Fed Strategy

16:10 - Gold Purchases and Central Banks

19:00 - U.S. Dollar's Impact

21:30 - Upcoming Inflation Data

https://www.youtube.com/watch?v=1Nuhy3DAG48

The Fed Hasn't Done This Since '08... and '01

Heresy Financial:  9-9-2024

TIMECODES

0:00 Intro

0:44 2-Year Treasury Yield

 4:16 What are Interest Rates

7:08 Fed Funds Rate is Controlled by Central Planers

 9:56 Controlled Rate vs Free Market Rate

 12:18 How this Distorts the Economy

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

Shocker: Iran Funneling Billions Through the Fed’s System

Shocker: Iran Funneling Billions Through the Fed’s System 

Notes From The Field By James Hickman / Simon Black September 9, 2024

When I was a kid growing up in the 1980s, my father used to go every summer for two weeks of military training as part of his commitment to the US Army Reserve. And whenever he flew home, we would always meet him at the airport.

But back then, my mom, sister, and I could all go straight through security and sit at the gate to wait for him. In fact that was normal all the way through the late 1990s.

Then, of course, everything changed after 9/11. The federal government took over airport security overnight, and for the past 23 years, we’ve been taking off our shoes, getting fondled by federal agents, and throwing away our liquids.

More than two decades after 9/11, most of these TSA Security rules (the majority of which have been adopted around the world) seem pretty stupid.

Does anyone honestly believe that a 3.4 ounce tube of toothpaste is OK, but 3.5 ounces of toothpaste is a security threat?

This is the kind of idiotic logic behind rules that add unnecessary inconvenience to people’s lives, without providing any discernible benefit.

The same thing applies to those ridiculous consent forms on countless websites across the Internet. Whenever we visit a site we are now forced to “accept cookies”, thanks to a law passed by the European Union’s most idiotic politicians.

They somehow think we are all safer and better off... and that our privacy is protected.

Except that our privacy isn’t protected. Mark Zuckerberg and the Google guys are still following us around the Internet watching everything we do and click. Not to mention the governments themselves grab our biometric and personal data, shove it all in a database, then leave it prone to breach by hackers.

But hey, at least we have those cookie notifications to keep our data safe, right?

It’s just another stupid rule that inconveniences people, without providing any discernible benefit.

Banking is another great example.

Some people aren’t old enough to remember, but it used to be a pretty simple process to open a bank account. You’d show up, sign some papers, and you were done. Now, we’re all threatened with imprisonment, forced to fill out a million forms, and every single transaction is scrutinized under anti-money laundering and anti-terrorism regulations.

The entire apparatus treats you like a criminal suspect rather than a valued customer. And for what?

Turns out, it’s all for nothing.

Laws like FATCA, CRS, and the USA PATRIOT Act were supposedly passed, at least in part, to cut off terrorist groups from the global financial system.

But all the regulators missed that Iran– a nation that has been blacklisted by the global financial system– sent hundreds of millions of dollars to Hamas– a blacklisted terrorist organization. And then Hamas used that money to kill innocent Israeli civilians on October 7, 2023.

The US President himself agreed to release $6 billion in frozen funds to Iran for the release of a handful of Americans. So again, what exactly is the point of all that scrutiny in the financial system?

My mother has to jump through all sorts of hoops to prove that she’s not a criminal just to withdraw some cash from her bank account. But Hamas and the Taliban get hundreds of millions of dollars funneled to them, through the US banking system.

The latest example is actually the Iraqi banking system—which was set up in part by the US government after the 2003 invasion.

Top officials from the US Department of Treasury and Federal Reserve helped oversee the establishment of Iraq’s new financial system, including the anti-terrorism and anti-money laundering controls.

Well, big shocker, it turns out that the Iraqi banking system, i.e. the system set up by the US government, was used by terrorist groups to send money to Iran and to Hamas.

So once again, what exactly is the point of all these rules and regulations, which inconvenience regular, law-abiding citizens... if groups like Hamas can still receive ample funding through the system. It’s obvious the rules are pointless and have no real benefit.

The irony here is that so many governments around the world, including the US, are some of the most outspoken opponents of cryptocurrency.

The US Treasury Department hates crypto. They say it is dangerous to have an unregulated monetary system where terrorists and drug cartels can operate with total privacy.

Yet the very banking system that THEY established is what’s actually funding terrorists.

Everyone else has to suffer through daily friction and be treated like criminals, just to send some money from point A to point B; withdrawing $5,000 in cash brings a bureaucratic shock and awe.

And this is one of the biggest reasons why I think it makes sense to own crypto.

I’m not a crypto fanatic by any means. I don’t own it to speculate on the price. And most days, in fact, I don’t know the price of Bitcoin or Ether. Nor do I care.

To me there’s no point in trading dollars for crypto, only hoping to trade crypto back for more dollars. The larger idea is that crypto represents a way to send and receive funds outside of a system run by incompetent bureaucrats who constantly make our lives worse.

It’s similar to my belief that gold makes sense as a long-term store of value; I don’t trust the Federal Reserve or the White House with preserving the value of my savings. Gold is a great way to do so... without having to rely on the financial system.

With both crypto and gold, there’s no intermediary or incompetent bureaucrat standing in the middle.

That’s also why I’ve never seen any reason to debate which is better, gold vs crypto. There’s no reason to argue about it.

Both serve a useful purpose, and both are worth considering as part of any sensible Plan B.

To your freedom,  James Hickman  Co-Founder, Schiff Sovereign LLC

PS-

If you’re not sure how to get started on a Plan B, check out Schiff Sovereign: Premium, it’s packed with incredible insights, including both Plan B strategies and compelling investment research. It’s a highly educational, month-by-month guide that is designed to help you navigate the world from a position of strength, both personally and financially.

https://www.schiffsovereign.com/trends/shocker-iran-funneling-billions-through-the-feds-system-151402/

Seeds of Wisdom RV and Economic Updates Monday Afternoon 9-9-24

Good Afternoon Dinar Recaps,

XRP NEWS: TOP CRYPTO FOUNDER CLAIMS XRP CAN BECOME “WORLD MONEY”

▪️Versan Aljarrah highlights XRP’s potential to become a global currency and disrupt traditional banking systems.

▪️Ripple’s technology offers faster, more affordable cross-border payments, partnering with banks to enhance their systems.

XRP, a prominent digital asset in the cryptocurrency market, is gaining attention for its potential to reshape the financial landscape. According to Versan Aljarrah of Black Swan Capitalist, XRP possesses the potential to become a worldwide currency. His recent comments have underlined the role of this asset in subverting conventional banking models and thus integrating itself more into the finance industry.

Ripple’s design enables quick and low-cost cross-border payments, which have long been a problem in the conventional banking system. Ripple, the company associated with XRP, has created technology that helps in the transfer of money across borders. This approach minimizes the cost and time of transactions by speeding up transfer times from days to seconds at a lower cost.

Ripple has been able to foster partnerships with several financial institutions across the globe, making XRP the go-to cryptocurrency in cross-border payments. These partnerships enable banks and payment providers to incorporate Ripple’s product onto their platforms to enhance the efficiency of international wire transfers.

According to Aljarrah, the steady increase in Ripple’s value proves that XRP can compete with the current financial system and should be considered as a mode of transfer for international payments.

Disrupting Traditional Banking Systems

According to Aljarrah, the problem is that many people lose sight of the bigger picture when analyzing XRP and get distracted by the technicalities or the legalities. He stresses the need to concentrate on the progress Ripple has made in transforming the financial sector instead of dwelling on the current challenges. As highlighted by Aljarrah, Ripple’s technology is not an evolution of the current systems but a revolution.

He says that Ripple, which is still under development, is gradually eroding the conventional banking systems. With the incorporation of Ripple’s products, financial institutions have been able to cut down on costs and time taken to accomplish transactions. This is in line with Aljarrah’s perspective, whereby there is increasing belief within some segments that XRP is set to become a major player in the world of finance.

The potential of cryptocurrency to eliminate the existing archaic banking systems is also valuable in the context of growing globalization.

With the increase in global trade and finance, there is a need for effective and cheap methods of making payments. XRP’s ability to meet this demand makes it an important part of the growth of the world financial system.

XRP’s Role in Addressing Global Debt Challenges

One of the key questions regarding the future of XRP is whether it can assist in solving current global debt issues. Aljarrah also focuses on the possibility of the emergence of traditional financial systems due to the overwhelming debt burden, especially in the United States. In such a situation, XRP and other digital assets can be a solution to the broken systems.

Aljarrah had earlier explained that the US Dollar is vulnerable and that XRP could become even more valuable as debt levels around the globe rise.  Ripple’s expanding presence in global finance further strengthens this argument. The company’s continuous development and efforts to integrate XRP into mainstream financial systems are key to its growing acceptance as a potential global currency.

@ Newshounds News™

Source:  Crypto News Flash

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STABLECOIN AUSDT BACKED BY GOLD AS PRECIOUS METAL MUCH LESS VOLATILE THAN BITCOIN, SAYS TETHER CEO PAOLO ARDOINO

The CEO of Tether says that the stablecoin issuer’s synthetic aUSDT product is backed by gold rather than Bitcoin (BTC) because the precious metal is more stable in price than the crypto king.

In a new interview with Bloomberg, Paolo Ardoino says the firm could have chosen Bitcoin to back aUSDT but BTC’s tendency to go through wild price swings made gold a more preferable option.

“Until 1971, the US dollar was backed by gold and we often hear interest from our customers to have optionality…

[So] we also see the opportunity to provide an [option] for others that want to see a more transparent backing of a synthetic dollar and gold is probably the best asset to make that happen because it’s much less volatile than Bitcoin. We could have done Bitcoin but gold is probably a better choice for the short term.”

Earlier this year, Tether announced that it would be launching aUSDT, which is described as a digital asset over-collateralized by Tether Gold (XAUT), a gold-pegged stablecoin. Each XAUT coin represents exposure to physical gold secured in vaults in Switzerland.

According to Tether, aUSDT is the first product in its new line of Alloy products, which the firm says are “designed to track the price of reference assets through stabilization strategies like over-collateralization with liquid assets and secondary market liquidity pools.”

Over-collateralization occurs when the assets used to back a financial product are worth more than the value of the product itself, protecting investors against potential losses.

@ Newshounds News™

Source:  DailyHodl

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INTRODUCING CREDIT COOP: FINANCING GROWTH WITH FUTURE CASH FLOWS

[PRESS RELEASE – Miami, Florida, September 9th, 2024]

Introducing Credit Coop, a new private credit platform making strides in supporting the growth of the Web3 ecosystem by providing innovative financing solutions that leverage future cash flows. This approach directly addresses the capital constraints that have long hindered the scalability of cryptonative businesses as they seek growth capital to scale.

As the Web3 ecosystem rapidly evolves, companies face significant hurdles as traditional financing models are ill-suited to the industry’s unique needs. Over-collateralization requirements and rigid repayment terms have become major roadblocks, stifling innovation and impeding growth in this dynamic sector.

Credit Coop’s solution offers a way forward. By converting future cash flows into collateral through smart contracts, the platform offers businesses a more flexible and capital-efficient path to funding. This approach has already facilitated the deployment of $15 million in credit across four borrowers, with zero defaults.

“Blockchain technology is redefining finance, yet many companies still struggle to access the capital they need to scale,” said Christopher Walker, Co-Founder of Credit Coop. “We’re here to change that. We’ve created foundational infrastructure for originating structured products natively onchain.

 Our mission is to make credit more accessible, allowing companies to access capital more efficiently and focus on growth.”

Credit Coop’s transformative impact is already felt through the ecosystem. Rain’s Secured Line of Credit exemplifies this power. Within just one year, Rain increased its borrowing capacity from 20,000 USDC to 2,000,000 USDC per month. This remarkable 100-fold increase in financial firepower showcases how Credit Coop’s novel approach is not just enhancing, but fundamentally reimagining the growth trajectory and operational agility of businesses in the crypto space.

“Credit Coop has been a great partner as we’ve explored turning our credit card receivables into a tokenized RWA. They’ve helped make the market for this groundbreaking product and been instrumental in sourcing liquidity,” says Farooq Malik, Co-Founder of Rain.

Credit Coop has received investments from several notable venture firms, including Signature Ventures, Veris Ventures, TRGC, and others, reflecting confidence in its ability to address the financing needs of the Web3 market.

“We’re excited about Credit Coop because they’re not just iterating on existing models – they’re creating an entirely new paradigm for lending,” commented Juliane Hahn, Managing Partner at Signature Ventures. “Their model is setting new standards for capital efficiency, allowing businesses to unlock growth potential that was previously inaccessible.”

Credit Coop’s leadership team has deep expertise in finance, technology, and entrepreneurship, with backgrounds at institutions such as JP Morgan, Barclays, and Amazon. Their experience in structured finance, DeFi, and FinTech positions them well to navigate the evolving digital finance landscape.

With partnerships already established with Plume, Credora, and Index Coop, Credit Coop is positioned to continue supporting growth within the Web3 ecosystem. For businesses seeking to scale operations or investors looking to participate in the future of finance, Credit Coop represents a compelling opportunity at the forefront of blockchain-enabled lending.

@ Newshounds News™

Source:  Crypto Potato

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US Reacts to Turkey's BRICS Move!  |  Youtube

@ Newshounds News™

Source:  Currency Facts 

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Western intelligence agencies prepare to sabotage geopolitical transition process

Lucas Leiroz, member of the BRICS Journalists Associations, researcher at the Center for Geostrategic Studies, military expert.

Western intelligence agencies are apparently preparing to face “serious global threats” due to current geopolitical changes. In a recent article for the Financial Times, the heads of the CIA and MI6 – the main American and British secret services – made it clear that their countries see the current process of geopolitical reconfiguration as a threat, having a big effort on the part of these security services to neutralize possible “enemies”.

@ Newshounds News™

Source:  BRICs

More on BRICs in the Late Newsletter

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

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Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Monday Afternoon 9-9-2024

Gold Telegraph: This is How you Know Desperation is in the Air

Sunday, 8 September 2024

Treasury Secretary Janet Yellen says no red lights are flashing for the financial system.

Welcome to the age of the blind leading the blind.

The BRICS Unit project pegs 40% of its value to gold and 60% to a basket of BRICS national currencies.

This is according to the head of the BRICS Business Council’s task force on financial services.

Boom.

The writing has been on the way for a very long time.

Gold.

The United States is beginning to plan to punish countries that move away from the dollar with some planning tariffs if they get into a position of power

In a free market, countries shouldn’t be penalized for not using a currency

This is how you know desperation is in the air.

The dollar is America’s greatest tool, but punishing those who reject it shows not strength but coercion.

Bullies might get their way for a while, but eventually, they get addressed.

Why can’t they see that?

Source(s):
https://x.com/GoldTelegraph_/status/1832610604949102629
https://x.com/GoldTelegraph_/status/1832625606279991477
https://x.com/GoldTelegraph_/status/1832858822291095874
https://x.com/GoldTelegraph_/status/1832859752331874339

https://dinarchronicles.com/2024/09/08/gold-telegraph-this-is-how-you-know-desperation-is-in-the-air/

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Ariel : Iraq may Target 2024

Sunday, 8 September 2024, 22:51 PM

For those who asked why I think Iraq may target 2024. Well because it’s word around the way even from the most unlikely of sources that fiat will disappear this year. But she of course is not the only one.

Nomi Prins, a former Wall Street executive, has predicted that a major financial crisis could unfold in 2024, driven by political and economic instability.

What could this result from? Well Iraq said they want to support their currency with gold. But if they do they can no longer print money to pay salaries. There is a BRICS meeting next month. And I have already told you all that the requirements to join is ditching the USD for all countries.

So Iraq is in a very tight space at this time. And with very little room to move. They are supposed to start pulling troops out this month and we all know that D. Trump wants them to pay us prior to this. Iraq can not cover their expenses this month based on current financial constraints.

Can things alter in their favor where they could find some flexibility to proceed forward for the remainder of this year without changing the rate? I can not find anything that would potentially be solid enough to afford them that much time if they are ditching the printer.

We will see I guess.

https://twitter.com/lindayaX/status/1623422588776054785

Source(s):
https://x.com/Prolotario1/status/1832858711603487069

https://dinarchronicles.com/2024/09/08/ariel-prolotario1-iraq-may-target-2024/

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

Fnu Lnu  Here's something you can take to the bank. Wells Fargo and JP Morgan Chase have the concession for exchanging the Dinar in America and Standard Charter has the concession in Canada and England. Seems I recall they will have Australia too but don't hold me to that.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Sudani...told us the upcoming year the mechanism would be fully engaged to give the citizens maximum benefit.  FRANK:  He didn't say 'Next' year...I think he's talking about the year 2024...because the commercials should be next.  And if that's the case what they show you in those commercials has to be given to you very quickly.  There cannot be a gap between telling you and giving them to you.

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The Value of Real Money in Today's World

VRIC Media:  9-8-2024

Welcome to the official VRIC channel. Today on the channel, Robert Kiyosaki shares a story about how he discovered the manipulation of the money system by the government in relation to silver.

Lynette Zang then explains how real money holds its value over time compared to fiat, ultimately making a case for holding wealth in silver and gold instead of in the banks.

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

“Tidbits From TNT” Monday 9-9-2024

TNT:

Tishwash:  Iraq finalizes strategic agreement with major global oil company

Baker Hughes, the global energy technology company, revealed on Sunday that it is discussing with the Iraqi Ministry of Oil the final touches to a strategic framework agreement, as well as signing a memorandum of understanding in the gas sector, stressing its commitment to the government and its desire to invest in Iraq.

A statement by the media office of Prime Minister Mohammed Shia al-Sudani, received by Shafaq News Agency, stated that the latter received today in Baghdad the Chairman of the Board of Directors of Baker Hughes, a company specializing in oil and gas, and its CEO Lorenzo Simonelli and his accompanying delegation.

Al-Sudani stressed that Baker Hughes is one of the four largest companies in the world specializing in energy and oil services, pointing out that “the government is keen on the company’s presence in Iraq, which was invited to expand investment in it, through cooperation with the government or with the private sector in the field of oil and gas.”

He noted that "the Iraqi market has become a promising market, and that the government is planning major projects, especially integrated projects in the oil, gas and petrochemical sectors."

Al-Sudani pointed to the development path that includes oil and gas transport projects, stressing the importance of completing the projects that the company is working on in Iraq, especially the Nasiriyah oil field in which the company is investing to extract associated gas, with a capacity of 200 million standard cubic feet, which is hoped to be completed in 2026.

For its part, the Baker Hughes delegation confirmed their commitment to the government and their desire to invest in Iraq in the oil or gas sectors, and that they came to put the final touches on signing a strategic framework agreement with the Ministry of Oil, as well as signing a memorandum of understanding in the field of gas, and investing in the gas platform that will be established in the Grand Faw Port, expressing their desire to finance some projects in Iraq.  link

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Tishwash:  Al-Sudani's advisor settles the controversy over the agreement with Washington to withdraw US forces - Urgent

Subhan Mulla Jiyad, political advisor to Prime Minister Mohammed Shia al-Sudani, said today, Monday (September 9, 2024), the controversy over the Baghdad-Washington agreement to expel American forces.

In an interview with Baghdad Today, Mulla Jiyad said, "Defense Minister Thabet Al-Abbasi's statement yesterday was clear and explicit about the results of what the joint military committees reached after a series of meetings that led to Washington's understanding of the Iraqi position and agreement on a timetable for the withdrawal of forces, which is supposed to end in 2026."

He added, "The agreement was made, but it did not turn into a joint statement to be signed in a final manner by the political leaderships, noting that the Supreme Military Committee concerned with this file submitted its decisions and the results of the meetings to the political parties of both countries, referring to Iraq and America, and is awaiting its signature."

Baghdad and Washington have reached an agreement on the withdrawal of international coalition forces from Iraq, according to a plan to be implemented in stages over the next two years.

Sources told Reuters that the plan includes the withdrawal of hundreds of US-led coalition forces by September 2025 and the rest by the end of 2026.

The plan has been largely agreed upon and is awaiting final approval from both countries and a date for its announcement. A senior US official said, "We have reached an agreement, and right now it's just a matter of when it will be announced."

The two countries are also seeking to establish a new advisory relationship that could allow some US forces to remain in Iraq after the withdrawal.

The sources said that the official announcement was initially scheduled to be issued weeks ago, but was postponed due to the regional escalation linked to the Israeli war on the Gaza Strip, and to settle some remaining details.

Reuters was told by these sources that the announcement of the agreement could happen this month. Farhad Alaa al-Din, the Iraqi prime minister’s foreign relations adviser, said that technical talks with Washington on the withdrawal have ended.

"We are about to take the relationship between Iraq and the members of the international coalition to a new level that focuses on bilateral relations in the military, security, economic and cultural fields," he added.

A State Department spokesman and a defense official said that US President Joe Biden and Iraqi Prime Minister Mohammed Shia al-Sudani confirmed in a joint statement in April that they would review several factors to determine when and how the coalition mission in Iraq would end and transition to permanent bilateral security partnerships.

Al-Sudani said earlier that US forces - despite his appreciation for the assistance they provide - have become a magnet for instability, as they are frequently targeted and usually respond with attacks without coordination with the Iraqi government.

The agreement, when announced, is likely to represent a political victory for the Iraqi prime minister, who is seeking to balance Baghdad's position as an ally of both Washington and Tehran, which are on opposite sides of the Middle East.

The United States has about 2,500 troops in Iraq and 900 in neighboring Syria, as part of a coalition formed in 2014 to fight ISIS after it overran vast areas of both countries  link

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Tishwash:  2024 Budget: A Sloping Path to Rolling Hopes

The draft general budget law is “the legislative authority’s approval of the general budget, i.e. its approval of the government’s expectations for public expenditures and revenues for the coming year and its approval thereof in a manner that authorizes the government to disburse appropriations within the specified limits in terms of quantity, purpose, and time period, in accordance with the financial procedures and accounting principles established in this regard.”

In 2023, the Iraqi government approved a three-year federal general budget called the (2023, 2024 and 2025) budget. It received very large objections, and we had pointed out the problems that hindered its implementation. 

 At the time, but the insistence is great, citing one reason, which is not to delay the approval of the budget for the coming years, meaning the years 2024 and 2025.

Among the reasons that may lead to a delay in approving the general budget:

1- Iraq's total dependence on oil revenues because oil revenues are unstable and difficult to predict.

2 - Delay in the government’s procedures for preparing the draft general budget law and the large number of discussions, objections and proposals.

3- Political differences between the forces that form governments.

4 - Marathon negotiations between the federal government and the region to determine the quotas and volume of exported oil.

Did the three-year budget achieve its objectives?

Here, what is the appropriate action to take if the approval of the general budget is delayed and the delay continues for several months without it being approved? To answer this question, we say: The Iraqi legislator addressed this matter in accordance with Paragraph (3) of Article (13) of the Federal Financial Administration Law No. (4) of 2020, as amended, as it stated that in the event that the draft federal general budget law for a specific fiscal year is not approved, the final financial statements actually disbursed are considered the basis for the financial statements for the year in which the budget was not approved and are submitted to the Council of Representatives for the purpose of ratification. That is, the government spends on

The basis of the previous year’s budget and within the limits of the amounts and spending rates that occurred in the past, i.e. the old budget is used until the new budget is approved.

This means that spending on operational matters is continuing at the same level as last year, but the problem is realizing in new investment projects that were not previously included in the three-year budget (2023-2024-2025), as these projects require new approval from Parliament and because they are financed from the investment budget, the wheel of development has therefore been delayed for another year as well. 

Knowing that the impact of the delay in approving the budget is not very harmful to the implementation of the budget, especially since the operating budget has been approved and its basic paragraph related to salaries, wages, social protection and retirees, in addition to governing expenses such as the ration card, purchasing wheat and medicines, as well as interest and installments of the public debt, are all valid and payable, even if the schedules have not been approved, as happened in the years 2020 and 2022.”

The Iraqi parliament voted on the 2023 budget in June and it was published, but it did not enter into force due to a lawsuit against it in the Federal Court. As for the 2024 budget tables, they were also in June, i.e. after a full year had passed, but they were not published in the Iraqi Gazette due to differences in them. 

According to Prime Minister Mohammed Shia al-Sudani, the 2024 budget is 211 trillion dinars, and employee salaries for the year 2024 are 62 trillion dinars, while the 2023 budget was 199 trillion dinars and employee salaries were 59 trillion dinars.

The deficit in the two budgets is approximately 64 trillion for the two years. The revenues of the 2024 budget are estimated at 144 trillion and 336 billion dinars, while the expenditures amount to 210 trillion and 936 billion dinars, while the deficit is 63 trillion and 599 billion dinars.

The existence of a deficit of more than 60 trillion dinars is a cause for concern. This deficit will depend on the increase in oil prices to be compensated for in one way or another, or it will be compensated for by the state taking measures to contain it, or the state will default on its commitment.

Conclusion: The government failed to overcome the approval of the federal general budgets on time by approving the three-year general budget (2023, 2024 and 2025). Rather, the crises that accompanied this budget (2023) are almost worse than others, which is the existence of a difference in the tables between the one sent by the General Secretariat of the Council of Ministers and the one that came approved by the House of Representatives.

The solution is not to re-legislate the three-year budget because it did not achieve its goals, and to re-sign the tables that were sent by the Prime Minister’s Office.  link

Mot:  . Trying to Be Nice I Is!!!  

Mot: . Just Love the Internet!! -- Never Stop Learning Stuff!!! 

“Coffee With MarkZ” Monday Morning Chat 9-9-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Monday morning everyone. Hope you have a blessed day

Member: magical Monday you beautiful people

Member: What news do you have for us today Mark?

MZ: Well, a number of Iraqi sources are saying Iraq is now keeping their oil revenue meaning Chapter 7 Announcement soon that it is completely over, done and signed……They think this is an excellent sign and I think they are right.

Member: There is so much positive news about Iraq being international that they can’t stay with 1310 much longer??

Member: I understand they have started showing the ads for the lower notes and Sudani came on the TV and said the educational phase is almost complete...(Frank 26)

MZ: I don’t know if they are showing ads yet…but they have certainly talked about it. I am trying to get pictures from some people over there that work in banking. They are educating people on them. Sudani made the comment at the end of last week that during his administration they expect to revalue and increase the purchasing power of the dinar.

Member: i read that the CBI said the rate would change by end of 2024.

Member: The question is how long will Iraq take to educate the citizens on the lower notes.

​​Member: Mark- MM had done a great job again last night and leading to our soon to be party.

Member: I heard Reno is on fire

MZ: Yes there are fires in the Reno area…I do not think it’s important to us or the RV…It is not unusual to see fires this time of year.

Member: I can't even poke my head out the door becuz of wildfire smoke today...worst ever

MZ: The biggest piece I had over the weekend was more confirmations of continuing education of the lower denominations in Iraq. I had a couple more confirmations that Sudani announced on television that they are planning to raise the value of the dinar during his currency administration. I thought that was a great one.

MZ: Another big one over the weekend is any folks are commenting from Iraq that they now have control over their own oil revenues. If this is a fact it means that bills have been paid and we are about to see the official announcement that Iraq is out of chapter 7. This is huge. We know they met all the requirements some time ago. But it now appears they now have full control of their oil revenues. This is a huge piece….We just need an official announcement…before we can set up the band and have a party.

Member: I thought that happened months ago……hmmmm  Must have been fake news then

Member:  mark last Saturday I walked into my bank to get cash and saw some pallets of what looked to be new equipment…. make me excited

MZ: Today is congress first day back to work and they are facing a government shutdown on Sept 30th.

Member: Mark- Is your gut still screaming between the 11th and the 15th?

MZ: Yes it is….I know that chatter from Iraq has been fantastic.

Member: Maybe 9-11 will be our big day?

Member: I’m afraid we have to wait until after elections.

Member: I am still holding out hope for Oct. 1st which is the first day of the new fiscal year here in the US….

Member: I can’t wait until all of this is over.

MZ: I will be traveling back stateside tomorrow….for kids birthdays ect…..Zester will be hopefully filling in for e this week.

Member: Thanks to all for the encouragement…..have a wonderful day.

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

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

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

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

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

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

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Youtube:     https://www.youtube.com/watch?v=ig6W7S3PYAk

News, Rumors and Opinions Monday AM 9-9-2024

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

RV Excerpts fro the Restored Republic via a GCR: Update as of Mon. 9 Sept. 2024

Compiled Mon. 9 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Opinions/Rumors)

Sun. 8 Sept. 2024 Wolverine:   Looks like things are ready to kick off. I am getting news that Iraq is ready to put the Dinar on Forex. If that happens, the RV will start. I have been told they will kick off after midnight today Sun. 8 Sept. And, when this happens, it will be real, and it will be emotional for all of us.

Wolverine cont…….The first things to go are the German Bonds and the Yellow Dragon Bonds this week! It will take a few days for them to come, and then the rest of the bonds will come in the next few days.

Orders have now come for ALL THE BANKS IN THE WORLD to activate the QFS in all bank accounts. Get ready for that!

There will be some funds in that QFS from Nesara Gesara so check your bank for those funds!  I think it is all coming at one time.

The Precatorias has a geopolitical problem in Brazil with the ruler  – IMO I think it I all BS –  just a delay tactic. IMO they are just waiting to get started with the rest of us as a shotgun release. The Precatorias is a F&P and are not an actual part of the redemption process. It is considered a blessing so they technically in the RV.   

Not much more to say. Orders have been given. We will see tomorrow, your Monday 9 Sept. So, you may receive your Notifications maybe after midnight.

It has been a huge hard challenge for me, a very difficult rollercoaster ride. No sleep – as I have been trying to get a lot of info for you. I wish Peace to all of you and blessings.  Let’s hope that tomorrow will happen with a rainbow next to my window!

In Summary: They have given orders for the QFS to be activated IN EVERY BANK IN THE WORLD!!  We are waiting for IQD to go live on Forex. Notifications should come after midnight so keep an eye on your emails. The Precatorias – IMO is waiting to be released with all the others as a shotgun release. Have a beautiful day. Take care, Wolverine. (Transcribed by Carpathia)

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Sat. 7 Sept. 2024: BOOOM!!! Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency (VIDEO) – amg-news.com – American Media Group

Sun. 8 Sept. 2024 huge fire in Reno Nevada. People are being evacuated and it’s in the city where the airport is. Started just below Mt. Rose down the foothills into the city. Sparks is 10 minutes out of Reno East, on sovereign territory Pyramid Lake. Out where the Treasury is located.  Chaos for people trying to fly in and out of Reno! No coincidence.

Global Financial Crisis:

Sat. 7 Sept. 2024: US Debt Clock: WHY WON’T THEY TELL YOU THE TRUTH? VIDEO – amg-news.com – American Media Group

Fractional Reserve Banking is like lending your buddy $100, and he says, ‘Chill, I’ve only got $10, but I’ll loan out the rest to five other people who definitely don’t have it either—don’t worry, it’ll all work out!’ Meanwhile, the Federal Reserve is in the background printing money faster than a kid with a broken copy machine, saying, ‘If this blows up, no big deal—we’ll just give everyone more monopoly money!’ And what does this mean for you? Well, while they’re playing hot potato with fake cash, you’re stuck wondering why your $5 coffee now costs $10 and your paycheck stretches like a rubber band—only to snap at the end of the month!

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Sun. 8 Sept. 2024 MILITARY INTEL: Quantum Financial Systems, Project Odin, and the Emergency Broadcast Revolution

The World is standing on the edge of a monumental shift. The rise of the Quantum Financial System (QFS) and the covert Project Odin are not just technical upgrades; they are the keys to dismantling the Deepstate’s control and freeing humanity.

QFS is not just a new financial system—it is a weapon of transparency. Through the power of quantum mechanics, it offers an incorruptible platform where every transaction is tracked and protected. The days of backdoor deals and hidden transactions are over. The elites can no longer hide behind their money. The old banking system, built on manipulation and secrecy, is being obliterated as we speak.

Sun. 8 Sept. 2024 Petro Dollar Down as World Reserve Currency: NESARA/GESARA

Without the release of Tesla tech and other means, zero oil=zero economy. The leveraged deal was this: Kissinger essentially said “Hey, we have this worthless paper not backed by anything so we’ll offer you guys our military protection (most advanced at the time) in exchange for you making every nation pay for your oil in US dollars.”

Thus, the petro-dollar was born and becomes the “World Reserve Currency.” But now, Saudi is gearing towards backing their oil instead with a gold-backed currency, the Chinese Yuan.

China and Russia made a deal a while back, Russia’s oil for the Chinese Yuan.

The two biggest suppliers of oil (Saudi and Russia) are both looking gold backed, meaning if any nation wants an economy they’ll need to use a gold-backed currency to get it oil to run their economy, at least until zero-point/clean energy tech is fully disclosed. Therefore, a global gold-standard is imminent and no matter where you go, gold is gold is gold implying a full currency reset back to a 1:1 exchange rate globally. Meaning those Zimbabwe notes that have been hyperinflated (say the trillion dollar Zim note that barely covers their monthly food bill) will be worth, a lot….. An unfathomable amount, along with the Iraqi dinar, Russian ruble and other currencies. The meek shall inherent the earth at that point.

There are humanitarian trusts that have been hoarded for longer than we’d ever guess with Birth Bonds backing them (Strawman Bonds): Lucis Trust, Saint Germain Trust and Cestui Que Vie Trust all compiled, pending to be redistributed back to the World’s population after the global currency reset takes place.

Right out of the gate I saw the Zimbabwe movement after CERN flipped back on. That’s what inspired me to post this and synthesis all of these points. Took it as a sign. Even if you haven’t invested in one of the “hot currencies” all will be covered and cleared. The trusts belong to the people; citizens have just been siphoned off of and have largely forgotten their true worth, which is far beyond a price tag.

Read full post here:  https://dinarchronicles.com/2024/09/09/restored-republic-via-a-gcr-update-as-of-september-9-2024/

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

Walkingstick   I strongly believe we need Alaq to finish what he's doing [In New York and Washington], come back...to Baghdad and bring the REER - Real Effective Exchange Rate to Iraq.  We believe this is the next step because of what Sudani told the Iraqi citizens.  IMO the commercials are the next thing that they're going to show them.  IMO the commercials are already produced...They will be released to the public. When Sudani said the monetary reform is coming to an end...that's a big hint...That's what we in intel call a big clue. 

9-8-2024   Newshound Guru Militia Man  It takes time to get things done.  Now we're watching all of these things come together at the end.  I think Iraq has made significant adjustments to what they've been doing.  I think their non-oil revenue streams is going to bring value to their country...Iraq...glory days was based off of just oil...Iraq has a lot more than just oil...Liquid natural gas, that's a massive amount of income.  They used to burn it and flare it and just waste it.  Now they're going to produce it and ship it, likely to Europe...They're going to bottle that gas and sell it...They're not only going to increase their oil but they're going to increase their non-oil revenue streams.  That's where all the ability to be able to support the value of their currency...

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The Next Financial Crisis You’ve Never Heard of is Starting (here’s why)

Taylor Kenny:  9=8=2024

"The spending we've seen from our government in just the last few years has eroded our purchasing power and chipped away at our savings." You may be diversified in your savings within the system, but if the system goes down then what?

https://www.youtube.com/watch?v=zTfI6s9bknA