'Close To Major Financial Reset'; Brace For Margin Calls, Panic Selling | Chris Vermeulen

'Close To Major Financial Reset'; Brace For Margin Calls, Panic Selling | Chris Vermeulen

David Lin:  9-11-2024

Chris Vermeulen, Chief Market Strategist of The Technical Traders discusses the market's volatile reaction to the latest CPI report, expectations for the September FOMC meeting, and how commodities are signaling an imminent "financial reset".

0:00 - Intro

1:30 - Latest CPI inflation

3:30 - Trend has turned down

9:40 - Economic cycles

 11:55 - Markets pricing in election odds

13:18 - Copper and industrial metals

16:00 - Oil outlook

17:00 – Gold

 21:18 - Silver

25:26 - Bonds

27:30 - U.S. dollar

29:30 - Chris's investing philosophy

https://www.youtube.com/watch?v=b-4XzxfoFw8

More News, Rumors and Opinions Wednesday PM 9-11-2024

KTFA:

Clare:  Al-Sudani directs to suspend official work next Sunday on the occasion of the Prophet’s birthday

9/11/2024

Prime Minister Mohammed Shia Al-Sudani directed to suspend official work next Sunday on the occasion of the Prophet's birthday.

Al-Sudani also directed, during the Cabinet session today, Tuesday, the ministries to interact with the Iraq Investment Forum early next November.   LINK

Clare:  Iraqi Oil holds expanded meeting with ALEXANDROS JV in the United States

9/11/2024

On Tuesday, the Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, received a delegation from the ALEXANDORS JV company, specialized in refining, on the second day of his visit to the US state of Houston. 

The company's delegation was headed by Ghassan Hanoudi, Executive Vice President for Middle East Affairs.

The Ministry of Oil stated in a statement received by Shafaq News Agency that the expanded meeting held between the two parties witnessed a review of the reality of the refining and refining sector in Iraq, where the achievements made and the increase in production capacities of petroleum derivatives were highlighted, which reached levels of achieving self-sufficiency for some important petroleum products for local consumption.

The Minister also stressed the Ministry's keenness to improve the quality of production and increase its rates through future development projects and plans.

The ALEXANDORS JV delegation also included Mike Sarafa, the company’s legal advisor, Jeff DeRosia, energy director, Leon Saucir, energy operations director, and Saad Siham Al-Mudarris, strategic advisor for Middle East affairs.

The meeting was also attended by the Undersecretary of the Ministry for Gas Affairs, Izzat Saber, the Iraqi Ambassador to the United States, Nizar Al-Khairallah, the Advisor to the Prime Minister, Falah Al-Amiri, the Director General of the Southern Refineries Company, Hussam Hussein, the Director General of the Department of Studies, Planning and Follow-up, Nasir Aziz, and the Director General of the Economic Department, Alaa Al-Yasiri.

The ministry indicated that the meeting comes within the framework of enhancing cooperation between Iraq and ALEXANDORS JV and developing the refining and refining sector in line with the future strategies of the Iraqi Ministry of Oil.   LINK

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Clare:  Pezeshkian: The MoUs signed today represent a new start for cooperation between the two countries

9/11/2024

Iranian President Masoud Pezeshkian considered, on Wednesday, the memoranda of understanding that his country concluded with Iraq as a new start for cooperation between the two sides.

"We agreed to form a team of experts from both countries to develop long-term strategic plans that establish close cooperation to exploit available opportunities. To achieve this goal, we need to activate agreements between the two countries," Pezeshkian, who is visiting Iraq, said in a press conference with Prime Minister Mohammed Shia al-Sudani.

He added: "We need to conclude security agreements in order to cooperate with each other to combat ISIS terrorism and smuggling. The agreements concluded so far have achieved good results, and we need to diagnose the weak points of these agreements."

The Iranian president said: "We want a strong, stable, secure and independent Iraq, and in the presence of a secure and prosperous Iraq, we will be able to build fraternal relations between the two countries."

Regarding his visit, Pezeshkian said that it "represents a great opportunity, and based on what was agreed upon, the two parties will hold specialized meetings to continue concluding new agreements." LINK

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

Militia Man   "...Understanding between the Iraq Federal Government and the Kurdistan Regional Government..."  You have two entities coming together...They had a lot of turmoil in the past...  Now they've come to an agreement...A huge delegation from Iraq has gone to the Kurdistan region - The highest executive authorities in Iraq, the Ministerial Council of Economics...Planning, Trade, Interior, Central Bank of Iraq, legal...finance, oil department.  The whole list was immense...with their counterparts from the Kurdistan region...working it out, which reeks of national reconciliation...If they get National Reconciliation I can see Iraq is going to go so far.  It's phenomenal...Reconciliation is historic.

Frank26   Alaq, he's back.  He got back Friday...Where'd he go?  Straight to Erbil...By the way, he's happy...He's got pep in his step...I'd be on cloud 9 right now too because of what they are about to give you [Iraqi citizens], the purchasing power.  Your economic reform is going to explode in a nuclear fashion.  Your country is poised to lead the world with its new monetary reform.  The beauty is the whole world knows it.  And the whole world wants it badly.

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China Just Helped Iran & Russia By Selling All Of Their US Treasury!

Tech Beat:  9-11-2024

In this video, we look at China's recent geopolitical maneuver of selling off its U.S. Treasury holdings, and how this decision is expected to help important global actors such as Iran and Russia.

As tensions between the United States and these countries continue to escalate, China's desire to minimize its reliance on US financial assets may tilt the balance of power in international relations. We examine the reasons behind China's selling of US Treasuries, ranging from economic strategy to political leverage, and how this affects the global financial landscape.

By reallocating these resources, China enhances its financial and geopolitical relationships with nations such as Iran and Russia, both of whom face severe US sanctions. This move also suggests a potential realignment of global alliances, with China at the forefront of a new economic order.

 Join us as we explore the broader ramifications of China's financial moves, including what they may mean for the future of global politics, international trade, and the US economy.

We'll also look at how these trends may reshape the geopolitical environment and affect relations between the East and the West in the next years. Don't forget to like, share, and subscribe for more in-depth examination of global issues!

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

Bruce’s Big Call Dinar Intel Tuesday Night 9-10-24

Bruce’s Big Call Dinar Intel Tuesday Night 9-10-24

Transcribed By WiserNow Emailed To Recaps

Welcome everyone to the big call tonight. It is Tuesday, September 10th  and you're listening to the big call. Thanks everybody for tuning in. We did reach a another milestone on last Thursday's call, when we hit 19 million listeners internationally, and that as a result of the fine work that the satellite team has done on the Starlink satellite system. So thank you very much for that Sat Team. Welcome,  every body welcome to big call universe, wherever you're listening from.

This is really where we need to be right now, when it comes to the intel tonight, it had been relatively quiet  for a few days,  and then it opened up a little bit yesterday, and it opened up more today. And I can tell you where we believe we are based on the input that I have so far -- it looks like, first of all, we will start with Iraq – we haven't talked too much about Iraq recently but I got some information today that I think is really going to make a difference.

We knew that all new rates came up on the screens , on forex, Sunday night, the Forex reopens at 7 o'clock, its 5 o'clock Eastern Time on Sunday  - and it’s been down for 48 hours -  it comes up every Sunday at 5 o clock –

We were expecting all new rates populate on Sunday  - Now typically we don’t see those until Monday -  either bank screen rates or redemption center screen rates. We did get word yesterday – Monday - that we had all new rates on all currencies at the banks - now today, and I think there might be a reason why we did not see rates on redemption center screens yet.

 I hope tomorrow is a different story. But as of right now, today, they were not on redemption center screens, and I think I know why. The reason I believe that's the case is because bank screen rates, although they will be good  - will not be as high as Redemption center screens,  redemption center screens will have the highest rates – we know that -  we’ve  known it for years, and it's just coming to prove it.

When both bank screens and redemption screens have been up with rates that they could see, they could think they could prove that. They proved it that was the case, that Redemption Centers were higher. In fact, I'll tell you, the rate on the dinar on the redemption center screen was three times the amount that was on the bank screen. The Dong was twice as high as the bank screen rate.

So I think reason they might not been up today was maybe they just did not want to have the latest best  rates visible to redemption center staff.

Now continuing on Iraq – remember we used to have, I say, you said we've been using  CBI for Central Bank of Iraq.

That's going  away - they're using the term  Sovereign Bank of Iraq,  SBI – Sovereign Bank of Iraq, and I believe it may begin to take place tomorrow - that change could actually be seen. I don't know  what the website is, I don't they have a brand new website or not I don’t know if they are reconfiguring the CBI site. Just don't have that confirmed yet,

But what we were able to confirm was there was need Sunday, between Alak of Iraq and several other individuals that I won't name, that you would recognize, and they were determining and confirming a rate on the Iraqi Dinar, and that would be the rate that would be considered the international rate, or the rate on the SBI, Sovereign Bank of Iraq. That's got a really nice ring to it, doesn't it? Sovereign Bank of Iraq.

 Central banks all over the globe are gone away – or are in the process of being eliminated. But the idea of a sovereign bank of name the country is really what we're looking at. It may have different names for us, our Federal Reserve was our bank from the United States Central Bank, and now it's the US Treasury -  which, as you guys know, is not in Washington, DC, on a Paiute Reservation in Reno, Nevada, okay, Paiute, Indian Reservation.

 Why? Because it's private Indian land and safe to have it there. It's a good safe place to have it. It may be temporary, but that's where it is right now

So that is really good news, I think, to have that rate and they have it where we should be able to see it soon - possibly as early as tomorrow,

Alright – let’s go beyond Iraq, and  the SBI, also, the Iraqi dinar is to be traded on the ISX  the Iraqi Stock Exchange  - ISX -  also on the Forex which it has been -  supposed to be  on the Forex again tomorrow, possibly with a new rate. It should be on there, and then, of course, on the SBI site itself.

So that's what we have on the dinar right now.  Still have contract rate for the Iraqi dinar, I've told you, is extremely high and is tied to and is the same as the rate that Iraq is selling a barrel of oil for  to other  countries like Egypt, like Turkey, etc. wherever else they’re selling it -  So it's a very good rate.

They had dropped a little bit. - Now it's back up. Of course, it's always subject to change, and their selling price of a barrel of oil might vary. Okay - That's great news, and they will offer us – from my understanding is they will offer us who have Iraqi Dinar - the contract rate for the Dinar - they should offer that to us. Okay, that's good – that’s really good news .

Let's go beyond that.  Let's talk about where we are with our timing.

One person that’s been known by the community  - and very well known  - is suggesting that it's highly possible that we get notified tomorrow, if not, then Thursday, you can guess who that might be -  but that is really, really good news, and  the other information is that redemption center operatives or leaders  were to have received an email from a certain person that's over all the redemption centers East of the Mississippi River, sort of divided the country a little bit, and this leader wants to get the emails out, which were from Treasury and Wells Fargo, to get those out to everybody that is a leader in the redemption centers east of the Mississippi -

Now, doesn't mean that the only one to get it, just means that that was this person's responsibility,  other people as we go for the rest in the country, will have that same responsibility and will have gotten those emails out, provided the green light was given by Treasury to do that.

We heard about that last day or so, maybe a little bit longer than that, and it's kind of like if nothing changes, that's when it should have gone out.  Let’s see, couple hours before,  three hours  before the big call.

Now what about notifications? That gets it out to the redemption centers,  what about notifying tier 4B “us” – the internet group, let's just say tier four, which would include the Admiral's groups. And there are several, several of those – I think, 22 or 23  different groups under the admiral and it may not be the same Admiral, by the way.

So here's the thing, those - all of us in 4B and 4A should be getting notified either tonight, overnight tonight or tomorrow, now the exchanges we believe, could start tomorrow, or we might just setting our appointments  for starting on Thursday – We’ll see – we’ll see what it is  - We won't know that until we receive those nails from Wells Fargo servers.

All right, let’s talk about something. So that's something we can look forward to, hopefully tomorrow. In addition to that, we've had the servers for Social Security down for the last five days, and we believe the Reason is they have been inter connecting to the Starlink satellite system with new algorithms that may or may not contain an increase in Social Security.

We don't know that yet – but chances  are I'll find out about it tonight or tomorrow after the call. It'll be a mute point. So the good news is that I believe they were down after last Wednesday, which was, which was a Social Security payout day - as you guys know that are on social - So I was going to say they were they were down Thursday, Friday, Saturday, Sunday and yesterday-  there's your five days.

So they should very well come back up tonight before their payments go out for Social Security tomorrow, which is Wednesday, 9/11 -  So we have a possibility that we are getting notified and this gets started, if you will, on 9/11 and those of you who have done a lot of research about what happened on 9/11 and know something different than what main stream media put out for about for 23 years, you might know more of what I'm talking about.

That would be that it would be interesting timing to bring it out on that day – that’s as far as I'll take that. And some of you guys that are up to speed know what I'm talking about, and the rest of you don’t know what I'm talking about, that's okay.

So ---- there is very good possibility for this to kick off tomorrow - And then there's a very good possibility  that we will get exchanges started, if not tomorrow, then on Thursday

And I think that is pretty much everything that I wanted to say,  Now, I think you have everything that I wanted to bring out tonight. I've always seen this one or two things later, or the next day that I might have mentioned, but I really think you guys know, when you go in for your appointments, don't get there more than 10 minutes before your appointment  - pull in to the parking lot - you know, no more than 10 minutes early - that's early enough, and hopefully everybody's ahead of you is on time has gone through, and you can come in right away. And that's really an important thing, you know, we don’t want to clog it up with tour busses - none of that.

This is by appointment only. And I think you guys know the reason for that, and can appreciate the efficiency of this whole thing going down.

Oh, one error that was put up online that I heard about yesterday. We talked about this months ago, maybe eight or nine months ago now, we did say you would get a Q-phone, which is a satellite phone works on the Starlink Satellite System. You'll get that at the very end of your appointment at the redemption center.

There are none of these at the banks - none. Only for redemption center Zim holders. Zim holders only, okay, so if you're a Zim holder, you'll get a new phone. It's a special phone, and it works everywhere in the world, like a satellite phone does. So this one, essentially, that's what it is working off  the StarLink satellite system.

The error was, initially we thought we were going to be getting laptops, and then we thought, Oh, we're going to get a certificate for a free laptop good at about seven retailers. They scrapped/canned ?? that idea and I haven't mentioned that until tonight  - I think we're going to have  plenty of money to get new computers - Get new laptops. So that's not really an issue. So you're not going to get a free laptop, as certain individuals were saying online.

Beyond that, I would say let's do this. Let's go ahead and thank everybody. Thank you Sue amazing call tonight - Thank you Bob as well. And thank you big call universe for listening all these years - Thank you sat team that gets to call out. We were at 19 million listeners on last Thursdays call  maybe as high tonight  or not,  we'll find out in a day or two  when I get the word back to sat team, but just scanning my mind, thinking, if there's anything I've left out that I need to mention ,

I can say one or two more things beyond the thank yous.  We have cleanup continuing to go on in Gosh, 118 or 120 cities around the country, they are prepared in case they need to be with National Guard - federalized troops and so on. So there should not be any problems with uprisings or that type of thing after this goes down.

Oh, I know what I was going to say regarding the NESARA and GESARA, the latest information out  about an hour before the call  was that that would be occurring within a week to a week and a half from now, it was going to be inside of two weeks

 And I think the latest information is telling us going to a week to two and a half from tonight we should have, NESARA and GESARA and everything that goes along with that. That would be R and R, Debt forgivenss Debt Jubilee, as we've called it in the past – all of that - Is part of NESARA  and internationally it's GESARA Global Economic, Strategic and Recovery Act.

Okay, that affects every other country, but the United States - the US is on NESARA – National Economic Strategic and Recovery Act –

So that is what I wanted to share with you guys  - Thank you so much for listening and for being here for the last 13 years. Isn’t it interesting that my call will finish - the big call will finish its 13th year December, 28 and Bob's company will finish its 13th year in November.

It’s lined up pretty well and I think that's cool I think it’s really good  - so let's do this - Let's pray the call out, thanks everybody, and let's keep an eye out to see what happens in the next couple of days.

Bruce’s Big Call Dinar Intel Tuesday Night 9-10--24  REPLAY LINK  Intel Begins 1:07:27

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Technical difficulties with  Bruce's Recorded Call Transcription -  Please clink on the link below and listen to all or partial recording - Bruce's intel segment begins at approximately the 1:02:02 time frame  - thank you

Bruce’s Big Call Dinar Intel Thursday Night 8-29-24   REPLAY LINK   Intel Begins   1:02:02

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Bruce’s Big Call Dinar Intel Tuesday Night 9-3--24  REPLAY LINK  Intel Begins 1:04:04

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Bruce’s Big Call Dinar Intel Thursday Night 8-29-24   REPLAY LINK   Intel Begins   1:10:50

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Bruce’s Big Call Dinar Intel Tuesday Night 8-27-24  REPLAY LINK  Intel Begins 1:19:19

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Bruce’s Big Call Dinar Intel Thursday Night 8-22-24   REPLAY LINK   Intel Begins   1:32:32

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Bruce’s Big Call Dinar Intel Tuesday Night 8-20-24   REPLAY LINK  Intel Begins 1:00:25

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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 9-11-24

Good Afternoon Dinar Recaps,

Important Ripple (XRP) Announcement Concerning XRPL

▪️The XRP Ledger (XRPL) will implement a major amendment in two weeks to enhance its Automated Market Maker (AMM) feature.

▪️Ripple’s XRP has seen a slight price decline, with a 1% drop over the past 24 hours and a 7% decrease over two weeks, despite recent updates.

Activation in Two Weeks

The team behind XRP Ledger (XRPL) announced that a major update under the code fixAMMv1_1 will be implemented within 14 days. It was approved to go forward after 28 votes in favor (out of 35).

The change aims to enhance the functionality of the Automated Market Maker (AMM) feature. The AMM is a decentralized mechanism that enables users to trade assets directly on the XRPL without relying on third parties.

One of the main goals of the improvement is to make the trading process more efficient and reduce potential risks for liquidity providers.

The XRPL has witnessed several other developments in the past few months. In mid-August, its main Testnet underwent a reset, becoming temporarily unavailable to developers. The effort aimed to improve stability and reduce the cost of running a Testnet node.

“Reminder: in addition to this Testnet, XRPL community members are encouraged to create and manage additional testnets to support diverse testing and development needs, “the team concluded, “the team added at the time.

Prior to that, OpenEden – a fintech company focused on bridging traditional finance and DeFi – disclosed that it will launch tokenized US Treasury bills (T-bills) to the XRP Ledger (XRPL) and its users for the first time. Ripple said it will create a fund to invest $10 million in the aforementioned products.

“Institutions are increasingly looking at where to tokenize their real-world assets, and the arrival of T-bills on the XRPL powered by OpenEden reinforces the decentralized Layer 1 blockchain as one of the leading blockchains for real-world asset tokenization,” Markus Infanger – Senior Vice President at RippleX – commented.

Tokenized T-bills represent digitized traditional US Treasury bills issued on a blockchain or distributed ledger technology platform. The process involves converting the rights to the financial products into tokens, which can then be traded, held, or transferred to specific addresses.

XRP Price Outlook
Ripple’s XRP did not react positively following the aforementioned announcement. It continued trading sideways before slightly retracing in the past few hours.

@ Newshounds News™

Source:  Crypto Potato

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BRICS Confirms 159 Participants Will Adopt New Payment System

After recent rumblings surfaced of how many nations would embrace the impending BRICS Pay system, the bloc has confirmed 159 participants are set to adopt the new payment system. Indeed, the economic alliance system is poised to hit the ground running when it finally launches.

Now, all eyes are on when that launch will take place. Many have surmised that it would be announced at the highly anticipated 2024 Summit. 

Moreover, it would be set to go live in what would be a groundbreaking unveiling. If that were to happen, the bloc has already noted there is a long line of entities ready to embrace it.

BRICS Payment System to Feature 159 Participants, Alliance

Earlier this year, the BRICS bloc announced the creation of a blockchain-based payment platform. It would be set to redefine the collective’s global economic standing. Morehe largest payment systems worldwide. That includes the Western-dominated SWIFT system.

Now, the BRICS group confirmed that 159 participants will adopt the new payment system. Indeed, Russian officials verified the number in a recent correction, according to a Yahoo report. Although previous statements rumored 160 countries would be involved, the number was clarified in subsequent reports.

The payment system is crucial to the bloc’s ongoing de-dollarization efforts. It will provide participating countries with an avenue to trade in local currencies. Therefore, it will greatly hinder how these nations settle trade. Ultimately, decreasing international necessity for the greenback.

This would be vital for Russia, following 2022 sanctions that greatly affected their trade capabilities. That weaponization was a key reason for the adoption of de-dollarization efforts. Now, the bloc is set to more thoroughly compete on a global stage. And so too will the nations whose currencies get increased adoption through the payment platform.

The confirmation also notes that more than 20 countries will be set to take part in the BRICS Pay platform. Although they did not clarify those nations, they are likely among the countries seeking to join the alliance this year. The impending 2024 summit will also deal with ongoing expansion hopes.

Countries like Venezuela, Malaysia, Thailand, Nigeria, and Turkey have sought entry into the bloc. The latter is a recognized NATO member. 

Their inclusion would greatly shift the bloc’s standing in a geopolitical sense. They would be recognized as the first NATO nation to be embraced within the global south-based collective.

@ Newshounds News™

Source: Watcher Guru

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BBVA Switzerland adds support for USDC Stablecoin

Three years ago BBVA Switzerland became one of the first banks to offer cryptocurrency services to retail clients, with the launch of its New Gen digital investment account with no net worth requirements. However, customers have to keep the equivalent of $10,000 on deposit. Now BBVA Switzerland is expanding the offering by adding the USDC stablecoin from Circle.

In addition to the New Gen account, the Swiss bank also provides cryptocurrency services to its institutional and private banking clients.

Previously the BBVA offering only supported Bitcoin and Ether. While users can hold USDC with the bank, it also means institutional clients can use it for trading other cryptocurrencies.

We recently ran tests with a couple of cryptocurrency exchanges and noted that the exchange rates were surprisingly attractive. Thinking about BBVA clients, if they previously used their BBVA account to transfer money onto crypto exchanges, then BBVA can potentially earn foreign exchange revenues from converting CHF or Euro deposits into USDC.

“We want to offer our private clients a simple access to the tokenized products they are most interested in and cannot access through traditional financial institutions. Meanwhile, our institutional clients need us to provide options to guarantee the assets they manage,” said Philippe Meyer, Head of Digital Solutions and Blockchain at BBVA in Switzerland. “We will analyze all the crypto assets they are investing in to continue building our offering with further innovative solutions.”

Late last year BBVA Switzerland migrated its digital asset custody to Metaco’s Harmonize platform which is now owned by Ripple. In June BBVA’s Turkish arm, Garanti BBVA Digital Assets launched its wallet which currently supports trading of Bitcoin, Ether, USDC and Avax and custody of Chiliz, the coin linked to the Socios fan token platform.

@ Newshounds News™

Source:  Ledger Insights

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IRAQI DINAR REVALUATION WHAT YOU NEED | Youtube

@ Newshounds News™

Source:  Currency Facts

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New IRS Tax Law Explained What You Need to know!  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Thank you Dinar Recaps

Economist’s “News and Views” Wednesday 9-11-2024

‘Flashing Red Lights Everywhere’; Lobo Tiggre’s Urgent Warning On The Economy, Markets

David Lin:  9-11-2024

Lobo Tiggre, Editor of The Independent Speculator, discusses signs of an economic slowdown, the outlook for monetary policy, and commodities.

0:00 - Intro

1:00 - Yellen: "economy remains solid"

7:20 - Fed monetary policy outlook

11:40 - Slowing job openings

18:40 - Money supply

22:00 - Federal deficit

25:52 - Fighting inflation

29:55 - Copper

35:00 - Gold and silver

38:38 – Uranium

https://www.youtube.com/watch?v=nP2-R_R4vWk

The Yield Curve Is Showing DANGER (TIME TO BRACE FOR IMPACT)

Lynette Zang:  9-10-2024

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

7 Days. (Countdown Begins). US DOLLAR COLLAPSE ACCELERATES. Important Updates.

Greg Mannarino:  9-11-2024

https://www.youtube.com/watch?v=p8WRW0U7YeE

Coffee with MarkZ and Andy Schectman. 09/11/2024

Coffee with MarkZ and Andy Schectman. 09/11/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: 9/11 Remember what happened. What got halted, and let's restart the world.

Member: Never forget 9-11  !!!

Member: Happy humpday fellow hopium addicts

Member: Great day to all, we are one day closer to our GOD given blessings

MZ: They have not been paid yet on the bonds, but they have great expectations –but are not paid. They expected payment last Tuesday . the bond side is quiet

Member: IF I was a bondholder that had to travel- I’d be even more upset and frustrated that I am.

MZ: The group side –also quiet so far today….but my expected window opens today……(11th through the 15th. )

Member: Do you think we could see an RV before the election?

MZ: If we don’t- we may have many more problems we will be dealing with.

MZ: From Iraq: “Iraq and Iran sign 14 Memorandums of understanding. (MOU’s) “In this article they are referring to the big ones.   What does this mean. It means they (Iraq?) are becoming a regional leader in the area. I think this one is important.

MZ: “The tax authority announces the ratification of a joint agreement between Baghdad and Erbil on the unification of tax work”  This is important because the Erbil region has been dragging their feet on getting the HCL agreement finished.  I am told we are seeing the “end days” of that discussion. With a full blown agreement expected within days. I hope that is accurate.

Member: So, HCL needs to be done and signed before RV ?

Member: Many say its important. Who knows?

Member: Mark, when do you truly think this RV will be done by?

Member: I keep saying that we will not exchange anything until the new USTN are out in circulation, or at least in the banks ready to be sent out.

Member: Unless Iraq is going alone this doesn't happen until the economy collapses-imo.

Member: market down 460 pts….Taking a big dive.

Member: DOW -633 now

Member: WOW -- Dow down 700+

Member: How much down does the Dow have to go to be considered "a crash"?

Member: DOW is circling the toilet and waiting for a FLUSH

Member: The Japanese Nikei stock market has been on a consistent downward spiral for over a week now.

Member: When the market crashes let’s hope the folks behind the scenes with the QFS are ready to jump right in with the new safe and transparent financial system …….scary times

Member: Our monetary system is about to change big time

Member: Prayers for all lost during 9-11… Prayers for all Dinarions who are suffering and frustrated.

Member: Nothing, Nothing, Nothing….SUDDENLY.  Praying this is the week the “Suddenly” happens.

Member: Hope all mods, visitors and Mark have a great day today .

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

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

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

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

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

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

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

THANKS FOR JOINING. HAVE A BLESSED DAY!

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

Youtube:     https://www.youtube.com/watch?v=y_y5rsR7h8Q

News, Rumors and Opinions Wednesday AM 9-11-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 10 Sept. 2024

Compiled Tues. 10 Sept. 2024 12:01 am EST by Judy Byington

With the US & Eight Other Major Nation’s Economies Collapsing
Sovereign Countries Were Shifting from Fiat Currencies to Gold/Asset-backed

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.

Mon. 9 Sept. 2024: U.S. Greenlights Iraq’s International Status! https://youtu.be/ZNc5w6IM8iM?si=mQ8DY7KGi4hDBp9q

Reuters has announced that Iraq and the US have come to a preliminary troop withdrawal agreement starting in Sept. 2024 and going to Sept. 2025.

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Mon. 9 Sept. 2024: Mastering QFS: A Complete Guide to Fund Transfers, Account Setup, and Understanding RV & Redemption Funds …The 17th Letter (JFK Jr.) on Telegram Mon. 9 Sept. 2024: Mastering QFS: A Complete Guide to Fund Transfers, Account Setup, and Understanding RV & Redemption Funds – amg-news.com – American Media Group

The Quantum Financial System (QFS) is emerging as a revolutionary force in finance, promising enhanced security, transparency, and efficiency amid rapid technological and financial advancements. The financial sector is undergoing a transformative shift, and the QFS is leading the charge. This guide will walk you through the steps to transfer funds to a QFS account or open one, providing practical insights and advice for a smooth transition. Designed to be both informative and engaging, this resource will help you navigate the world of the QFS with ease.

Understanding the Quantum Financial System: Before diving into the details of transferring funds and opening a QFS account, it’s crucial to grasp what the Quantum Financial System entails. The QFS is an advanced digital financial platform designed to supersede traditional banking systems. Utilizing quantum computing technology, it offers unparalleled speed, security, and resistance to fraud and cyber attacks.

Why Transition to the QFS? As the financial landscape evolves, sticking with outdated banking systems could jeopardize your financial security. Here’s why switching to the Quantum Financial System could be beneficial:

Enhanced Security: The QFS employs cutting-edge encryption and authentication methods, ensuring that your financial information is highly secure against cyber threats.

Lightning-Fast Transactions: The QFS allows transactions to be completed almost instantaneously, reducing the waiting time typically associated with international transfers and eliminating the need for middlemen.

Transparency: All transactions on the QFS are recorded on a distributed ledger, providing complete transparency and accountability.

Global Accessibility: With the QFS, you can access your account anytime, anywhere, without the restrictions of traditional banking hours.

Reduced Fees: Traditional banks often charge significant fees for their services, but the QFS offers more cost-effective financial transaction solutions.

This journey into the QFS is not just about understanding a new financial system; it’s about embracing the future of secure, efficient, and accessible finance.

~~~~~~~~~~~~~

Mon. 9 Sept. 2024 BRICS Summit: The Financial Revolution Begins, Charlie Ward on Telegram

At the upcoming BRICS summit in October, the global financial system is on the brink of a revolution. Andrey Mikhailishin, head of the BRICS Business Council’s financial services task force, reveals plans for a new international financial system that aims to shatter the control of Western banking elites.

The plan? A series of groundbreaking projects: a common unit of account (Unit), a platform for international digital currency settlements (Bridge), a payment system (Pay), a settlement depository (Clear), and even a new insurance system. But this isn’t just about new tools. This is about freedom. The Unit will be backed 40% by gold, sending a clear message to the fiat-controlled global system—BRICS is ready to break free.

Iraq Takes Control—Chapter VII Ends: In a major move that has gone under the radar, Iraq is set to regain full control of its currency and economy. Washington has stopped the automatic deductions from Iraqi oil revenues used to pay Kuwait, lifting a huge financial burden on the country. The end of these payments signals the collapse of Chapter VII sanctions, meaning Iraq will now have true sovereignty over its resources and economy. The global shift is happening right before our eyes.

Black Swan Event Foreshadowing the Storm: September 5, 2021—a black swan appeared on Tiananmen Square. In Chinese culture, this is a harbinger of disastrous events. With Xi Jinping’s previous warnings, the sighting sparked global discussion. At the same time, Palantir, a company with deep connections to global intelligence, bought gold as a hedge against this very event.

The World is bracing for the next move in this game of financial chess. And it’s not just coincidence—everything from the Act of 1871 to Washington D.C.’s bankruptcy is being branded illegitimate and illegal. The system is cracking, and gold is at the center of it all.

Fiat Currencies Collapse – Gold is the Future: Federal Reserve Chairman Jerome Powell wants you to believe inflation is just a passing phase. Don’t fall for it. The collapse of fiat currencies is on the horizon, and when that happens, governments will be powerless to finance their agendas. As fiat money burns out, gold will rise as the only currency that can restore trust. The future is clear: the demise of fiat will be the demise of state money, and gold is set to take its rightful place as the foundation of the new economy.

Read full post here:  https://dinarchronicles.com/2024/09/10/restored-republic-via-a-gcr-update-as-of-september-10-2024/

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

Fnu Lnu  ...A first year business major could tell you the government has NO business trying to control the black market. You eliminate it! How you might ask? By simply raising the value of the currency to be equal to or  greater than the black market spread. You take away the profit-motive and criminals will go somewhere else to make money.   

Frank26  [Iraq boots-on-the-ground report] FIREFLY: CBI is talking about a mechanism to terminate the electronic platforms.  FRANK:  That's right.  They can't steal the money through  that method anymore.  This is fantastic...The American dollar and the dinar are now being protected from those that were stealing  it, from Iran.  Because that was the US Treasury's #1 requirement.  We called it security and stability and so did Dr. Shabibi...    

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

Massive Stock Market Meltdown Looming? Gold Primed for Explosive Surge | Chris Vermeulen

Sprott Money:  9-11-2024

September is here, and with it, a perfect storm in the #financial markets!

Craig Hemke and Chris Vermeulen break down the latest on stock #market volatility, the end of the bull market, and why precious metals might be your safest bet in this uncertain environment.

 Are we on the brink of a Stage 4 financial collapse?

Could gold hit $2700 in the next few weeks?

And what about silver—could it skyrocket to $36/oz?

Chris also shares insider insights from the MoneyShow in Toronto.

 Stay ahead of the curve, and prepare your portfolio for what’s coming.

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

“Tidbits From TNT” Wednesday Morning 9-11-2024

TNT:

Dollar crisis: Changing exchange rates will create “huge problems” and smuggling is led by a “deep state”

The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi , confirmed today, Tuesday (September 10, 2024), that changing the exchange rates will create many problems, as the deep state is the one managing the state’s smuggling outside the borders of Iraq.

Al-Tamimi told Baghdad Today, "The money market is suffering from major challenges and is exposed to tremors at any moment, especially since the ability to control it is limited in most areas, with the continued smuggling of the dollar, which has become a lifeline for names and entities representing the deep state in the country in order to maintain its influence."

He added that "the recent rise in the parallel market was due to speculation and the spread of misleading news, in addition to the presence of names that control a large part of the liquidity," noting that "talk about the Central Bank resorting to changing the dollar exchange rates is still speculation, and if it happens, it will lead to many problems."

He pointed out that "without controlling the smuggling rate, the difference between the official and parallel price will remain high," stressing that "the price difference generates billions of dinars in the pockets of many parties and forces."

It is noteworthy that a banking source reported yesterday, Monday (September 9, 2024), that there was confusion in the foreign currency markets, while he expected their prices to rise.

The source told Baghdad Today, "The Central Bank will issue new decisions regarding foreign currency prices and the method of trading them within Iraq."

He added, "It is likely that these decisions will lead to an increase in the dollar exchange rate in the parallel market due to the currency shortage."

The source said, "The aim of these decisions is to limit currency smuggling or its monopoly by the weak-willed."

The dollar exchange rates witnessed a new rise in the two main stock exchanges and local markets for the second day in a row.   link

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

Tishwash:  Winners and losers from the fluctuation of the dollar exchange rate against the dinar in Iraq

Despite the long period of time since the start of the electronic platform to monitor the movement of the dollar, the exchange rates of the dinar against the US currency still experience a large disparity between the official price announced by the Central Bank, which is 1320 Iraqi dinars per dollar, and the black market price, or what is known as the parallel price, which ranges between 1490 and 1510 Iraqi dinars per dollar.

And at the beginning of 2023, he announcedIraqAdopting an electronic platform to monitor the movement of dollar sales and money laundering operations, following warnings issued by the Federal Reserve (the US Central Bank), in addition to the US Treasury Department punishing several local banks for their involvement in suspicious activities.

The electronic platform for transfers worksForeign

The Central Bank of Iraq, in its first phase , is reorganizing financial transfers to ensure proactive control over them instead of subsequent control through the Federal Reserve auditing daily transfers.cabinetIraqi on February 7, 2023 on the decision of the Board of DirectorsCentral Bank of IraqBy adjusting the exchange rate of the dollar against the dinar, equivalent to 1300 dinars per dollar after it was 1480 dinars per dollar.

On the fourth of this month, it was announcedCentral Bank of IraqThe "electronic platform" through which US dollar transfers abroad are carried out is about to be completed, indicating - in a press statement - that during the year 2024 and until now, 95% of the transfer process from the electronic platform to "corresponding banks" has been achieved, which 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 and according to the plan.

This decision by the Central Bank raised many questions about the extent to which it has been able toIraqPreventing the smuggling of hard currency, stopping money laundering operations, and the extent of the success of economic measures in controlling currency smuggling and controlling the price in the market.

*The winners and losers from the fluctuation of the exchange rate.

Abdul Hassan Al-Ziyadi, a member of the Board of Directors of the Iraqi Businessmen Union, confirmed that the primary beneficiaries of the fluctuation of the dollar exchange rate against the dinar in Iraq are currency smuggling traders and price speculators, adding that the primary victims are...IraqAnd the citizen.

Al-Ziyadi said, "The dollar crisis inIraqAffected all jointslifeCommercial and non-commercial,” he added, “traders were harmed by the rise in the dollar exchange rate, and citizens were also harmed because the instability of the exchange rate destroys the family’s income and monthly resource.”

He continued, “If he wantedIraqTo get rid of this confusing situation, he must first get rid of the import of many goods and rely on manufacturing them locally to reduce the need for hard currency in addition to developing agriculture,” considering that “the Iraqi government and the Central Bank are primarily responsible for the failure of the currency selling platform.”

*Draining money

The researcher in economic affairs and a member of the General Authority of the Iraqi Accountants Syndicate pointed outHusseinNima Al-Karaawi until the entryIraqIn the American SWIFT system in 2023, it was the reason for many traders to refrain from the currency selling platform and turn to the black market for fear of having their money seized, in addition to the lack of mechanisms to help traders avoid having their money seized.

Al-Karawi said that "the price differencebetweenThe dollar and the dinar in the official or parallel price exceed 17 points for one dollar, so what is the case with very large amounts? He considered that “this matter represents a drain on funds.”

He added that “sales have declined significantly inIraqBecause of the change in the exchange rate and the lack of real control over the fluctuations in exchange rates in the market,” explaining that the reason is due to the presence of border crossings outside the control ofthe governmentIt is exploited by some dollar smuggling gangs.

Al-Karawi believed that "the citizen is the one who pays the tax of the exchange rate fluctuations. Although the financing for imported goods is through the platform at the official price, in reality many goods and commodities are sold in the local market at the parallel dollar price."
He said that the platform wasSellDaily up to $280 millionbutThe amount has now dropped to less than $240 million per day, he added, adding that the differencebetweenThe whistleblowers go to smuggling and the parallel market.

Al-Karawi confirmed that "the government and the Central Bank have taken many measures internally and externally to control the smuggling process and control the exchange rate."

He explained that some banks were harmed by the ban imposed on them by the US Federal Reserve and by smuggling operations, which contributed to raising the exchange rate on the black market. He also indicated that reducing the exchange rate of the dinar against the dollar also harmed the government's revenues, because its revenues depend on selling oil and receiving dollars in exchange for it and then selling it on the official platform for banks and traders.

Controlling border crossings

The spokesman for the Baghdad Chamber of Commerce, Rashid Al-Saadi, believed that controlling border crossings and automating the departments concerned with the import and export file are the only way to control currency smuggling.

Al-Saadi said, "There are parties that tried to thwart the currency selling platform to benefit from illegal transfers."

He added that "Iraq lost large sums of money as a result of smuggling of goods and hard currency and tampering with the valuation of goods from border crossings."

As for the citizen Ahmed Jabbar, who owns grocery stores, he called forthe governmentIraq to support the economy and enhance the purchasing power of citizens by strengthening the local currency and supporting local industry and agriculture.

Jabbar said, "Selling in dollars has affected the Iraqi market. We encouragethe governmentTo limit dealings in the local currency, as it contributes to the stability of the market and the economic situation of citizens.  link

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

Al-Sudani and Pezeshkian sponsor the signing of 14 bilateral memoranda of understanding between Iraq and Iran

 Prime Minister Mohammed Shia Al-Sudani and Iranian President Masoud Pezeshkian sponsored, today, Wednesday (September 11, 2024), the signing ceremony of 14 memoranda of understanding in various fields and sectors.

The Prime Minister's Office said in a statement received by "Baghdad Today" that "Al-Sudani headed, along with the President of the Islamic Republic of Iran, Masoud Pezeshkian, the delegations of the two countries in the expanded meetings held at the government palace in the capital, Baghdad."

The statement added that "during the meeting, aspects of cooperation between the two neighboring countries were discussed, in a way that achieves mutual interests and benefits, as well as following up on the work of the joint supreme committee between Iraq and Iran, which will hold its next meeting in Baghdad," indicating that "security cooperation and the joint security agreement were also discussed, as well as constructive cooperation in the field of refining and energy industries, and cooperation between the private sectors in the two countries."

According to the statement, the Prime Minister referred to the "religious, social and historical ties that unite the two neighboring countries," explaining that "their geographical location makes the logistical and transportation lines of great importance," referring to "the (Basra-Shalamcheh) railway line for transporting passengers, and the government's keenness to complete the memoranda of understanding and proceed with their implementation."

 For his part, the Iranian President referred to "the depth of the relationship between the two countries, and the impact of the distinguished relationship on the stability of the region," stressing "his country's desire for joint work and development of economic partnerships between the two countries."

The statement indicated that "the meeting witnessed agreement on common visions regarding the continued aggression on Gaza, and the destabilization caused by the Zionist entity to the security and stability of the region."

The two sides renewed "the call to stop the genocide against the Palestinians, and for the international community to assume its responsibilities in this regard."

The Prime Minister and the Iranian President sponsored the signing ceremony of 14 memoranda of understanding in various fields and sectors, including: economy, training cooperation, youth and sports, cultural, artistic, archaeological and educational exchange, media cooperation, communications, in the field of religious tourist groups, cooperation in the field of Iraqi-Iranian free zones, agriculture and natural resources, mail, social protection, vocational and technical training, development of skilled manpower, and cooperation between chambers of commerce.

The memoranda of understanding were signed on the Iraqi side by the Ministers of Foreign Affairs and Trade, and the President of the Federation of Iraqi Chambers of Commerce, while on the Iranian side they were signed by the Ministers of Foreign Affairs and Economy.

The Prime Minister's Office pointed out that "the memoranda of understanding signed between the Republic of Iraq and the Islamic Republic of Iran included the following:

1- Memorandum of Understanding in the field of training cooperation.

2- Memorandum of Joint Understanding in the field of Iraqi-Iranian youth and sports.

3- Memorandum of Understanding in the field of Iraqi-Iranian cultural, artistic and archaeological exchange.

4- Memorandum of Understanding for cooperation in the field of education.

 5- Memorandum of Understanding for Iraqi-Iranian media cooperation.

6- Memorandum of Understanding for cooperation in the field of communications.

7- Memorandum of Understanding for cooperation in the field of religious tourist groups.

8- Memorandum of Understanding for cooperation in the field of Iraqi-Iranian free zones.

9- Memorandum of Understanding for cooperation in the field of agriculture and Iraqi-Iranian natural resources.

10- Memorandum of Understanding for cooperation in the field of postal services.

11- Memorandum of Understanding for cooperation in the field of social protection.

12- Memorandum of Understanding for cooperation in the field of vocational and technical training.

13- Memorandum of Understanding for cooperation in the field of developing the Iraqi-Iranian skilled workforce.

14- Memorandum of Understanding for cooperation in the field of Iraqi-Iranian Chambers of Commerce. link

Mot: ....... Now Yous Knows Tooooo 

Mot:  . Just Love this Guy! - I can Soooo Reiate!!! 

Fiduciary Vs. Financial Advisor: How These Types Of Advisors Compare

Fiduciary Vs. Financial Advisor: How These Types Of Advisors Compare

James Royal, Ph.D. Mon, September 9, 2024 Bankrate

It’s easy to get tripped up when it comes to the world of financial advisors, and distinguishing fiduciaries from non-fiduciaries can be challenging. But when you’re looking for financial advice, then having a fiduciary on your side can help you get the expertise and direction that’s best for your situation, making it a better fit than a financial advisor who is not a fiduciary.

Here are the differences between a fiduciary and a financial advisor and what you need to know.

What Is A Fiduciary?

A fiduciary is someone in a position of trust over the affairs of another. It comes from the Latin word fiduci, which means trust. A fiduciary is bound by law or oath to put their client’s interests ahead of their own, meaning those who engage a fiduciary should be able to fully trust them.

A fiduciary could be anyone with expertise — such as a lawyer, trustee or financial advisor — who must advise a client on the best way to proceed or otherwise act on their behalf.

What Is A Financial Advisor?

A financial advisor provides a range of advice and services around your financial life, including planning for retirement, managing your investments, preparing a budget, estate planning and much more. A financial advisor can construct a financial plan to help you grow your wealth.

Financial advisor is a catch-all term that includes many different kinds of advisors. There are those focused on specific areas such as investment advisors or wealth managers, or those with certain certifications such as specialists holding a certified financial planner (CFP) credential. The term may even include salespeople acting in the interest of a large financial institution who is looking to sell potential clients on the benefits of their products and services.

What Is The Difference Between A Financial Advisor And Fiduciary?

The roles of a fiduciary and a financial advisor may overlap in some ways, but may be dissimilar in other key dimensions. Here are a few of the biggest differences:

Duty Of Care

A fiduciary has a high duty of care for clients, meaning that a fiduciary must always put a client’s interests ahead of their own. In contrast, a financial advisor may only have to act according to a suitability standard, meaning that advice or products must be suitable to clients, rather than the best for their individual financial situation.

Area Of Practice

A fiduciary is a term that crosses domains, meaning that it can be used in areas besides finance. For example, lawyers are fiduciaries, as are the directors of a corporation, relative to its shareholders. In contrast, financial advisors concern themselves with issues related to assisting individuals in managing their money.

https://www.yahoo.com/finance/news/fiduciary-vs-financial-advisor-types-221830260.html

Seeds of Wisdom RV and Economic Updates Wednesday Morning 9-11-24

Good Morning Dinar Recaps,

RIPPLE CONFIRMS FEDNOW’S NETWORK EFFECTS WILL TRANSFORM PAYMENTS AND BOOST XRP

▪️Ripple Labs believes the Federal Reserve’s FedNow system will benefit XRP.

▪️The company, through XRP and XRP Ledger, is fighting for market share in the global payment ecosystem.

In a recent release, American technology company Ripple Labs Inc. confirmed that FedNow’s network effects will transform payments and boost XRP. This disclosure highlights Ripple’s relevance as an enterprise blockchain solution in crypto.

FedNow as The Likely XRP Catalyst
For context, FedNow is an instant payment service launched by the United States Federal Reserve last year. With its competitive pricing, enhanced speed, and integrated fraud management features, it is expected to revolutionize the US payment landscape.

In the 2024 document “Trends in Regional Payments,” Ripple mentioned that “networking effects” associated with the adoption of FedNow will begin to take effect within the following year. The firm expects this phenomenon to disrupt the payment scene in America and ultimately pave the way for increased XRP adoption.

As XRP adoption grows, Ripple claims “network effects” will persuade clients to use the Ripple network over the SWIFT network. This would further help Ripple expand its business and use XRP for cross-border transactions, which might ultimately lead to a surge in price.

As highlighted in our earlier post, Ripple partner Volante Technologies collaborated with a prominent custodian bank to carry out FedNow’s pilot phase. The two groups tested the ‘send,’ ‘receive,’ and ‘bank-to-bank’ transfer functionalities to help banks adjust to the new network.

The partnership led to speculations that FedNow might benefit XRP and Ripple. Industry proponents claim Volante users could use XRP on FedNow because of the interface with Ripple. Notably, Volante and Ripple have been actively working together to launch cutting-edge payment solutions.

Now that Ripple has officially confirmed that XRP will benefit from the FedNow, many await the effects on the token’s future price. As of this writing, XRP was trading for $0.5398, demonstrating a 1.5% increase in the past 24 hours. The trading volume increased by 34% to $822 million, suggesting increased demand from traders and investors.

FedNow and XRP’s Position in Cross-Border Payments
Both FedNow and XRP have continued to launch innovative solutions as they fight for supremacy in the cross-border payment industry. As noted in our earlier report, stakeholders expect the cross-border payment sector to be worth over $250 trillion by 2027.

With this in mind, FedNow is already growing its presence within the ecosystem. The service provides a faster, more efficient alternative that could reduce reliance on traditional card networks, potentially lowering transaction fees and increasing competition. Although signing up is voluntary, the service is available to more than 10,000 US financial institutions.

As mentioned in our previous post, Ripple is also leading the charge in addressing issues in the cross-border payment sector. Experts estimate that XRP’s dominant role in cross-border payments might propel the coin’s price to $1 by 2025.

Ripple payments use the XRP and the XRP Ledger to provide the speed, access, and cost-efficiency to meet the demands of crypto businesses.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

India launches National Blockchain Framework

Last week India’s Ministry of Electronics and Information Technology (MeitY) unveiled India’s National Blockchain Framework.

 It has several purposes, including providing a platform for government departments to develop solutions and a light weight platform for rapid prototyping by researchers and small businesses.

Vishvasya is the National Blockchain Technology stack providing Blockchain as a Service (BaaS). This allows users to spin up nodes and networks and develop smart contracts, including several templates. For external developers who need to consume the blockchain apps, the stack provides APIs for access.

So far it supports two permissioned blockchains, but didn’t mention which ones. When we reported that MeitY was working on this project last year, the blockchains were Hyperledger Fabric and Hyperledger Sawtooth.

Several government departments have already developed solutions ranging from judiciary applications to document certification and tracking agriculture produce.

One app that was promoted is Praamaanik, which uses blockchain to verify mobile app security. The application developers provide an electronic fingerprint of their mobile app, which is registered on the blockchain.

When users download the app, they can verify that it’s exactly the same and hasn’t been tampered with by using a verification mobile app.

For many years the software community has cryptographically signed software builds. Checking the signature required a little technical skill, whereas India’s solution provides an option that anyone can master.

Apart from MeitY, other organizations involved in the development include C-DAC, NIC, IDRBT Hyderabad (for research in banking technologyset up by the central bank), IIT Hyderabad, IIIT Hyderabad (3 Is), and SETS Chennai.

This project has similarities with Europe’s EBSI, which provides a platform for government solutions. There’s also some cross over with China’s domestic Blockchain-based Service Network (BSN), which was designed to provide a low cost blockchain infrastructure for small companies.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

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Why So Few People Feel Secure About Money

Why So Few People Feel Secure About Money — Even When They Have Lots of It

And why the neighbors of lottery winners are often worse off.

Yahoo Creator  Sean Kernan  June 21, 2024

I’m not rich by any means. But I’ve done well enough to be comfortable, mostly because I saved aggressively early in my career. Yet I still feel like I’m only a stone’s throw from being in poverty, which is slightly irrational.  I remember having no money and having to budget until my next paycheck or risk groveling to my parents for help. It wasn’t a good life. And it still feels like yesterday, even though so many years have passed. Sadly, many people feel this way.

And to some extent — this stress can be constructive. It can mitigate risky spending. You’ll certainly never catch me with problematic expensive hobbies. But I wish I could feel more at ease about my station in life. Many of my friends are in this same psychological boat too. My buddy Brian is a software engineer, who has been making north of $180K per year — for years on end — while living in a low-cost area, and he’s still as cheap as he’s ever been.

So Why Are We Like This? How Do We Level Up And Counteract This Financial Anxiety?

The Origins Of The Problem

People tend to downgrade their financial standing. For example, per a survey by the financial firm Ameriprise Financial, only 13% of American millionaires classify themselves as wealthy. Even among those who had more than $5M in total assets — many still said they didn’t feel rich.

These weren’t people living in Silicon Valley, where $5M only gets you a shack. These were everyday people from all around the United States — still feeling underfunded.

Part of this is because of the disappearance of pensions — and fear that we’ll live on our savings and social security to get us through to old age. Both of my grandfathers had pensions, with one of them having two full separate pensions (military and government). But we are now the 401K generation — in a system that is more stressful than ever.

Why do people who have so much still feel sad about their financial standing?

Elizabeth Dunn, psychology professor at The University of British Columbia, and co-author of Happy Money: The Science of Happier Spending, looked into this very question. She found that social comparison, in particular, drives much of our financial dissatisfaction.

How we compare our income to others of similar age, education, and region of residence, greatly shapes our self-perceptions and satisfaction. Unsurprisingly, those who compared themselves to groups of higher income, tended to be less happy and more anxious about money.

Unfortunately, a majority of people tend to do upward comparisons. The severity of this impact was most notable: “The income of the reference group is about as important as one’s own income for individual happiness.”

It pains me to admit it: I’m 100% a victim of this statistic. I often watch videos of lavish mansion tours on YouTube, despite knowing the likelihood of me ever owning such a property is slim (unless I somehow write the next iteration of Atomic Habits).

But I still enjoy oohing and aahing over the stunning architecture, classy furniture and paintings hanging on the walls. It’s entirely possible this admiration is only heightening my anxiety about money.

Yet I know as well as you that the person in that mansion isn’t likely to be happier than the rest of us. Within a year of becoming rich, or facing tragedy, the vast majority of people return to their baseline happiness.

What’s most telling is that winning the lottery can significantly impact your neighbor’s wellbeing. One study in Canada found that as the magnitude of someone’s lottery winnings went up, their neighbors odds of financial distress and borrowing increased alongside it.

TO READ MORE:  https://www.yahoo.com/lifestyle/story/why-so-few-people-feel-secure-about-money--even-when-they-have-lots-of-it-212029309.html