Seeds of Wisdom RV and Economic Updates Monday Afternoon 9-30-24
Good Afternoon Dinar Recaps,
CANADA SETS NEW DEADLINE FOR CRYPTO PLATFORMS TO COMPLY WITH STABLECOIN REGULATIONS
The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024.
UPDATED REGULATORY REQUIREMENTS
The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their governance, operations, and reserves.
Good Afternoon Dinar Recaps,
CANADA SETS NEW DEADLINE FOR CRYPTO PLATFORMS TO COMPLY WITH STABLECOIN REGULATIONS
The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024.
UPDATED REGULATORY REQUIREMENTS
The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their governance, operations, and reserves.
These measures aim to enhance the integrity of the Canadian capital markets and ensure the safety of investors engaging with crypto trading platforms.
Recently, Canada has been in the news when its central bank announced a strategic shift away from developing a retail CBDC (Central Bank Digital Currency).
@ Newshounds News™
Source: Bitcoin News
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WIKI FINANCE EXPO DUBAI 2024 WILL BE HELD ON NOV 27TH!
FinTech, Forex, Crypto, Web 3.0, Metaverse, ESG and AI Will Be in Focus.
Taking place on Nov 27, 2024, Wiki Finance Expo Dubai 2024 is one of the largest and most influential FinTech and Web3.0 events in Asia in 2024.
@ Newshounds News™
Read more: Blockchain Reporter
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OHIO SENATOR INTRODUCES BILL TO ALLOW TAXES TO BE PAID IN BITCOIN
In what could be massive for Bitcoin and the crypto market, Ohio senator Niraj Antani has introduced a bill that would legalize BTC as a payment option for state taxes and other fees. Indeed, the legislation would be transformative in how it allows for the usage of cryptocurrencies for payments.
The bill was first introduced Monday and would create a new avenue for state financial obligations for Ohioans. Moreover, it could create increased adoption in the state, driving larger exposure to the leading cryptocurrency and other tokens through the key legislative change.
Ohio Bill Would Allow Bitcoin as Legal Payment for State Taxes and Other Fees
2024 is certainly Bitcoin’s year. In January, the asset had become the first crypto-based ETF in the United States. Just three months later, it surged to a $73,000 all-time high. Now, with October nearing, there are expectations that BTC could challenge that price.
While the asset is looking to surge, Ohio Senator Niraj Antani has recently introduced a bill that would allow both state and local taxes to be paid in Bitcoin and other crypto. Indeed, Antani took to X (formerly Twitter) to announce the new legislation that would change the landscape of Ohio finance.
Antani noted he had “introduced a bill [to] legalize the use of cryptocurrency to pay state and local taxes and fees.” Moreover, he said, “Cryptocurrency is not just the future- it’s the present.” The legislation would come five years after Ohio became the first state to accept crypto for tax payments.
However, a year after it was approved, the Ohio Attorney General ruled the State Board of Depostis had to approve the policy. That move stalled the development, with Antani looking to make amends. His move would put the state at the forefront of digital finance in the United States.
@ Newshounds News™
Source: Watcher Guru
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TAIWAN NOW ALLOWS PROFESSIONAL INVESTORS TO ACCESS BITCOIN ETFS
In a massive development for the country, Taiwan’s Financial Supervisory Commission (FSC) has allowed professional investors to gain access to foreign Bitcoin and other crypto ETFs. Indeed, the commission announced the change Monday, allowing select investors to participate with “foreign virtu asset” exchange-traded funds.
The crypto-based ETF market has surged in the United States this year. After receiving the first Bitcoin ETF approval in January, Ethereum quickly followed suit just a month earlier. Now, Taiwan has looked to expand “product choices,” for the country’s investors through its recent decision.
Taiwan FSC to Allow Crypto ETF Access in Notable Shift
2024 has been massive for Bitcoin, and its recently approved ETFs. Just last week, the ETFs of the leading crypto drew more than $1 billion in net inflows.
That has proven to be its highest since July, and a notable shift from the last several months. It has investors clearly expecting a massive surge to come with October fast approaching.
As the market sentiment is beginning to shift, one country may be prepared to take advantage. Indeed, Taiwan has officially decided to allow professional investors access to foreign Bitcoin and crypto ETFs. The huge move will allow select individuals to have access to the crypto currency investment products.
The report notes that there is a specific criteria to meet for those hoping to invest. “Professional investors include professional institutional investors, high-net-worth investment legal persons, high-asset clients, legal persons or funds that are professional investors, and natural persons that are professional investors,” the FSC clarified.
Additionally, there must be a board-approved suitability assessment for securities firms looking to invest in crypto ETFs. This will coincide with mandatory educational efforts for businesses. Specifically, this will seek to teach more about cryptocurrency, and its inherent risks.
Yet, the decision still adds Taiwan to a list of nations looking to further embrace crypto as a growing, globally important, asset class.
@ Newshounds News™
Source: Watcher Guru
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TRUMP'S WORLD LIBERTY FINANCIAL OPENS KYC VERIFICATION
The project urges crypto's accredited investor class to "'Be DeFiant' and begin the KYC process.
Trump-backed World Liberty Financial has opened up Know Your Customer (KYC) verification on its official website for its upcoming public token sale.
What's the Scoop?
KYC Purpose:
According to the homepage, information about the project is only accessible to those completing the KYC process. In the U.S., only accredited investors will be eligible.
Token Details:
It was confirmed that World Liberty Financial will issue a non-transferable governance token, WLFI. Token distribution includes 63% to the public, 17% for rewards, and 20% for team compensation.
Bankless Take:
While we’re inching closer to World Liberty Financial’s launch, we’re inching closer to the election too. With the majority of crypto seeing WLFI as a net negative to Trump’s chance to win and potentially impeding bipartisan progress for crypto if he doesn’t, the KYC launch does little except heighten anxieties. Regardless, with less-than-desirable tokenomics, it will be interesting to see how much funding WLFI accrues for its non-transferable token sale.
@ Newshounds News™
Source: Bankless
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🌍 Zimbabwe (RV) History | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Thank you Dinar Recaps
Economist’s “News and Views” Monday 9-30-2024
Gold Wars: Here’s the Reason a Monetary Reboot Is Inching Closer Reveals Insider
Daniela Cambone: 8-30-2024
“I am worried that we have entered a period of higher and higher inflation and we have all the secular pressures for that,” David Daglio, former CIO of Mellon and strategic advisor for TwinFocus, reveals to Daniela Cambone.
He highlights that we might be approaching a “Bretton Woods moment,” indicating a significant shift in the global economic order reminiscent of the 1944 Bretton Woods Conference.
Gold Wars: Here’s the Reason a Monetary Reboot Is Inching Closer Reveals Insider
Daniela Cambone: 8-30-2024
“I am worried that we have entered a period of higher and higher inflation and we have all the secular pressures for that,” David Daglio, former CIO of Mellon and strategic advisor for TwinFocus, reveals to Daniela Cambone.
He highlights that we might be approaching a “Bretton Woods moment,” indicating a significant shift in the global economic order reminiscent of the 1944 Bretton Woods Conference.
Daglio emphasizes the pivotal moment of seizing $600 billion from Russian citizens during the Ukraine war, which marked the U.S.'s first use of currency as a geopolitical weapon.
This bold action has sent shockwaves through global markets, fundamentally changing how countries view the reliability of the U.S. dollar. In light of these instabilities, David asserts that gold “is the most overlooked straight-up asset I have ever seen.”
Watch the eye-opening conversation to learn about the future of our global economy and the potential impact on your investments!
CHAPTERS:
00:00 Why hasn’t Wall Street embraced gold?
3:00 The Fed’s rate cutting
6:36 Jay Powell’s ego
7:29 Bretton Woods II moment
9:15 Investment strategies
10:11 US debt
12:06 Economic outlook for next 5 years
Now it's oil: China, BRICS and OPEC+ build new trading system, locking out US suppliers and banks
Geo Flux: 9-30-2024
China, the BRICS countries (Brazil, Russia, India, China, and South Africa), and OPEC+ are making moves to challenge the dominance of the US dollar in global oil trade.
The expansion of BRICS to include oil-rich nations like Saudi Arabia and Iran could be a strategic move to challenge the petrodollar system.
China and India are increasingly making deals to buy OPEC+ oil in currencies other than the US dollar, such as the Chinese yuan (petroyuan). Russia is seeking to diversify its energy partners to circumvent Western sanctions, with the BRICS countries now accounting for 90% of Russian energy export payments.
Saudi Arabia, a traditional US ally, has moved closer to China and Russia under Crown Prince Mohammed bin Salman and is considering joining BRICS. The BRICS nations are looking to establish a new reserve currency backed by a basket of their respective currencies, which would allow them to assert their economic independence and compete with the US dollar-dominated international financial system.
This could potentially lead to a decline in demand for the US dollar (de-dollarization) and significantly impact its global dominance.
Iraq Economic News and Points To Ponder Monday AM 9-30-24
What Happens After The Currency Auction Closes At The Central Bank Of Iraq?
September 29, 2024 Baghdad/Iraq Observer The researcher and specialist in the financial and banking aspects, Mustafa Hantoush, commented on the participation of Prime Minister Muhammad Shiaa Al-Sudani in a dialogue session held by the American Chamber of Commerce and Al-Monitor, saying: “
The economic relationship between Iraq and America is a relationship based on Iraq’s dependence on oil, which is an “American equation,” as well as the strategic framework agreement. According to which the Federal Reserve will be the recipient of the Iraqi dollar from oil.”
What Happens After The Currency Auction Closes At The Central Bank Of Iraq?
September 29, 2024 Baghdad/Iraq Observer The researcher and specialist in the financial and banking aspects, Mustafa Hantoush, commented on the participation of Prime Minister Muhammad Shiaa Al-Sudani in a dialogue session held by the American Chamber of Commerce and Al-Monitor, saying: “
The economic relationship between Iraq and America is a relationship based on Iraq’s dependence on oil, which is an “American equation,” as well as the strategic framework agreement. According to which the Federal Reserve will be the recipient of the Iraqi dollar from oil.”
Hantoush told the “Iraq Observer” agency that most of Iraq’s reserves are in the dollar currency in addition to US treasury bonds, and thus the relationship must be stable and be in accordance with clear plans.”
He explained: “Most of Iraq’s reserves are in the dollar currency, in addition to US treasury bonds,” while stressing that the relationship should be stable and be in accordance with clear plans.
Prime Minister Muhammad Shiaa Al-Sudani participated in New York, after midnight last night, in a dialogue session held by the American Chamber of Commerce and Al-Monitor, in the presence of an elite group of investors, businessmen, representatives of American companies, and the Iraqi-American Business Council.
During the session, Al-Sudani pointed to the new reality of Iraq, which is witnessing an economic renaissance and development in all its sectors, and has also made great strides in the field of energy investment and associated gas, which has been wasted for years and inflicts on the country losses estimated at billions of dollars, due to the import of gas and oil derivatives.
Project series
Al-Sudani confirmed that the government has embarked on a series of rapid projects, including the important agreement with Total, which will contribute to increasing oil production and associated gas investment up to (600) million standard cubic feet, in addition to offering the fifth and sixth round annexes, and concluding contracts for oil production and gas investment,
indicating After the year 2028, Iraq will achieve self-sufficiency in gas, in addition to activating oil derivatives projects, including the strategic Karbala refinery, whose production capacity reaches 140 thousand barrels per day, as well as the rehabilitation of the Baiji refinery, which was completely destroyed during the battles to liberate Baiji, and whose production capacity reaches 150. One thousand barrels per day.
The following are the highlights of the Prime Minister’s speech during the dialogue session:
When I assumed my duties as prime minister, the associated gas investment was less than 40 percent, and now the percentage has risen to about 70 percent.
We have ended the import of petroleum derivatives, and we will stop importing gasoline at the beginning of next year, after completing the FCC project in Basra.
Iraqi-American partnership
We are ready to enter into partnership with American companies in the oil industry sector.
Our vision is to transform 40% of the exported oil into downstream industries, which will give us more benefits than selling crude oil.
Our policy is based on diversifying the contracting parties that invest in our oil and gas fields without specific conditions.
The licensing round procedures are clear and transparent, and there is no favoritism or preference for one company over another.
Development cannot be achieved without a solid banking sector that operates in accordance with approved international standards, and
95% of financial transfers in Iraqi trade take place through reliable banks.
The window for selling the currency will be closed at the end of this year, and the money laundering office at the Central Bank is working effectively.
Banking sector reform
The government contracted with Ernst & Young to reform the government banking sector, and we strengthened citizen confidence in banks and expanded financial inclusion.
Today, Iraq is going through a stage of stability and recovery that has been unprecedented since 2003, and it is an opportunity to support the transition from the stage of wars and conflicts to the stage of development and stability. A stable Iraq in a sensitive region is beneficial to the world.
This is what we have seen since October 7, as Iraq maintained balance and calm to a great extent, and
we kept Iraq away from the arena of conflict.
Our security forces have reached an advanced stage of capability and efficiency, and we have begun an armament program to enhance their capabilities, and ISIS today does not represent a threat to our security. We need American small and medium businesses to partner with Iraqi companies.
Leadership initiative
We work to create job opportunities for young people by activating the private sector or supporting their own projects, through several programs, including the “Riyada” initiative.
The size of the projects granted for investment will provide a large number of jobs, and the need for companies operating in Iraq to open training centers to develop the capabilities of young people.
We assured companies operating in the electricity sector of establishing station maintenance centers in order to speed up completion and reduce costs.
The government has a clear direction to support the agricultural sector, and peasants and farmers are in a transition phase to using modern irrigation technologies, which we supported by 30%.
We provided loans to workers in the food industry sector of various types, part of which is covered by sovereign guarantees.
The Central Bank has independence and exercises its powers with full professionalism, and our intention is to establish a new bank that adopts the latest technologies.
We invite all companies working in the field of electronic payment to work in Iraq and we will provide them with all facilities.
We have developed a plan to develop infrastructure, with allocations amounting to $83 billion.
https://observeriraq.net/ماذا-بعد-غلق-مزاد-العملة-في-البنك-المرك/
Why Is The Central Bank Reluctant To Implement The Measures Taken Against Iraqi Private Banks?
Economy 2024-09-27 | 06:24 3,326 views Alsumaria News – Local Including liquidation and guardianship, as the Central Bank of Iraq took a number of decisions against a number of Iraqi private banks for violating banking instructions.
The source said in an interview with Al-Sumaria News, “The Babylon Bank was referred for forced liquidation, and guardianship was imposed on the Al -Arabiya Middle East Islamic Bank and the Iraqi Investment Bank.”
The source indicated, "The period of guardianship over the Northern Bank will be extended until the 31st of next October." The source stated that "these decisions were taken with caution without knowing the reasons." Economists wondered “why the Central Bank was so patient with the decisions issued on these banks,” while some of them believed that “political pressure from higher authorities was exerted on the Central Bank with the aim of being patient in implementing those decisions.”
While they pointed out that “this warns of the presence of corrupt parties standing behind these banks that have achieved failures in their work and violated the applicable laws and rules,” stressing
“the necessity of amending the context of the work of these banks, which if their violations continue, it portends negative indicators on the Iraqi economy, which the government seeks to reform through A package of measures.
https://www.alsumaria.tv/news/economy/501382/لماذا-تريث-البنك-المركزي-في-تنفيذ-الإجراءات-المتخذة-على-مصارف-أهلية-عر
Erbil Branch Concludes A Training Course On The Comprehensive Central Banking System
September 29, 2024 The Central Bank of Iraq, Erbil branch, in cooperation with the Information Technology and Payments Department at the Central Bank of Iraq and the Office of Follow-up and Coordination of the Work of Bank Branches,
concluded the new training program on the comprehensive central banking system (core banking system - T24), in cooperation with Prema Consulting, which supervises the implementation of the central banking system. New (CBS – T24) for branch employees.
The course witnessed the training of employees in the branch on the basics of the system by the company supervising the implementation of the new system within the framework of a plan to prepare and qualify the branch’s staff in order to achieve the best use of the system, which is one of the most important stages of reforming and developing the work of the banking sector in Iraq. Central Bank of Iraq Media office September 29, 2024 https://cbi.iq/news/view/2678
Warnings Of Imminent Economic Danger... And The Alternative Solution Is Taxes!
Special Sumerian 09-29-2024 | 05:12 3,150 views Economic file... The decline in oil prices opens the door to relying on taxes to avoid deficits
As oil prices continue to decline globally, representatives in Committee Finance the Parliamentary reported that there is a tendency to impose taxes resources with the aim of strengthening financial.
This step comes in light of warnings of imminent economic danger if reliance on oil continues as the main source of the budget.
https://www.alsumaria.tv/news/alsumariaspecial/501571/تحذيرات-من-خطر-اقتصادي-وشيك-والحل-البديل-بالضرائب
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
“Coffee With MarkZ” Monday Morning Chat 9-30-2024
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: GM….did anyone else half expect to wake up with notifications today?
Member: Member: Is tomorrow the day we have all been waiting for??? Sure is a lot of hype that it may be.
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: GM….did anyone else half expect to wake up with notifications today?
Member: Member: Is tomorrow the day we have all been waiting for??? Sure is a lot of hype that it may be.
MZ: Many issues today with the internet over all of Puerto Rico and many parts of the US. If this podcast drops off…..that is the reason , and do not be surprised if it does.
MZ: The lack of internet has kept me from checking in with many of my sources this morning.
Member: Prayers for everyone who's affected by the storm.
Member: Praying for All in the horrible devastation here in the US.
Member: People from Augusta, GA are having to travel down I-20 about 45 minutes to get gas. There is no gas in Thomson, GA, Harlem, Grovetown, and Greensboro.
Member: Massive Power Outages Hit Carolina and Georgia: Thousands Without Electricity Amid Storm, Delays in Reporting Due to Damaged Communication Lines.
Member: There is another hurricane forming that may be headed on the same path.
Member: Our internet went down on Friday morning in this area of UK
Member: Acapulco has also been hit with hurricane John
Member: With the port strike supposedly starting tomorrow …things are about to get worse.
Member: The railroads are already refusing freight headed to the east coast ports
Member: The black -out is here. Maybe the RV is here!
Member: Mark Z I heard from someone that it is possible Iraq will go first only in country
Member: If Iraq goes alone and first ……I think the rest of the world will follow close behind.
MZ: MilitiaMan did a great video last night. There is a lot going on with the HCL over the weekend.
Member: . I liked his video last night.. Great job Militia Man and Crew!
MZ: “KDP Mortgage census to apply article 140 to return displaced Kurds” This is really big and one of the things we were expecting. This one had Militiaman excited on Saturday.
MZ: “ The Governor of the Central Bank meets the Ambassador of Spain in Iraq” This means “International” Read it right here
Member: I saw reports of the US Embassy being under attack over the weekend in Iraq. Hope this doesn’t delay us yet again? Pray for US personnel in Iraq
MZ: On the banking side- we are seeing a lot of rates over the weekend. Everything from the standard .00076 that MilititaMan and crew talk about……I know of 3 different banks whose foreign currency trackers show $3.57 over the weekend again. We cannot exchange it yet but it certainly appears to be headed that direction.
Member: Every source says that payouts for German boxes start the middle of this coming week
MZ: Pretty much all my sources agree. The consensus is they start tomorrow morning when Zurich opens. That is what nearly all my bond sources say on the German bonds. They have not yet mentioned the Dragon bonds for this week.
Member: Another Intel Provider said some countries have been revaluing from this morning.
Member: Tomorrow should be a big news day…New US Fiscal year, Libor turns into SOFAR, port strikes, and much more……
Member: Rumor: The corporate USA is done! No more. As of tomorrow officially
MZ: There is a lot coming together right now.
Member: We need this damn RV to happen so we can start helping with $$$$
Member: If this isn't a Black swan event, I'd be hard pressed to describe one.
Member: Stock up today! Ports striking tomorrow!
MZ: The Strike is supposed to start at one minute past midnight tonight.
Member: Items to think about besides food for this disaster, hygiene products, head lamps, gloves, trash bags, bleach and other cleaners, paper towels, Plastic sheeting, think outside the box.
Member: As the saying goes it will get worse before it gets better.
Member: Everyone should try and be a glow worm today - shine brightly & have a great day!
MarkZ New Discord link: https://discord.com/invite/AxGE6k4pvx
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
News, Rumors and Opinions Monday AM 9-30-2024
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 Mon. 30 Sept. 2024
Compiled Mon. 30 Sept. 2024 12:01 am EST by Judy Byington
Timing: (Rumors)
On Sun. 29 Sept. 2024 Zimbabwe’s new gold-backed currency (allegedly) officially entered general circulation.
On Tues. 1 Oct. 2024 the gold-backed Chinese Yen(allegedly) will replace the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar will cease to exist because it has no value and cannot be used for international trade.
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 Mon. 30 Sept. 2024
Compiled Mon. 30 Sept. 2024 12:01 am EST by Judy Byington
Timing: (Rumors)
On Sun. 29 Sept. 2024 Zimbabwe’s new gold-backed currency (allegedly) officially entered general circulation.
On Tues. 1 Oct. 2024 the gold-backed Chinese Yen(allegedly) will replace the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar will cease to exist because it has no value and cannot be used for international trade.
On Tues. 1 Oct. the US Inc. Corp. fiscal year ends; has not been funded by Congress for the next fiscal year and thus will be (allegedly) forced to close down, ending the fiat monetary system.
On Tues. 1 Oct. all banks worldwide not Basel III Compliant (have gold backed currency) will be (allegedly) closed.
On Tues. 1 Oct. the Quantum Financial System Global Currency Reset (allegedly) activates with at least 144 countries currencies being gold/asset-backed and trading at a 1:1 with each other, which means that NESARA/ GESARA also activates across the World on 1 Oct.
On Tues. 1 Oct. LIBOR is slated to be replaced by SOFR, marking a significant change in financial benchmarks.
On Tues. 1 Oct. the new United States of America Republic (allegedly) will start its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.
On Tues. 1 Oct. 2024 workers at major ports on the East and West Coasts plus in Canada will go on strike, severely disrupting the supply chain. Stock up on goods.
Tues. 1 Oct. 2024 is the one year anniversary of the US Debt Clock Messages on Telegram.
Wed. 2 Oct. is the signal on the Mickey Mouse Clock where he points to 10 and 2.
On Thurs. 3 Oct. 2024 Iraq celebrates their Independence Day.
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Global Currency Reset: (Rumors/Opinions)
Sun. 29 Sept. 2024 TNT Tony: “Guys, it’s over. It’s done. And yes, I know something you don’t.” On Fri. 27 Sept. TNT Tony reported, Yesterday Bank Managers received memos stating that the currency event was finished and we would see it no later than Tues. morning 1 Oct.
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Sun. 29 Payouts for Tier Groups involved in the RV …Rupping Theron on Telegram
The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.
The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.
Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.
A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!
Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.
Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.
Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA.
Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.
The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.
Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.
Tier 5 The general public who never paid attention to the Intel.
The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.
It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.
Read full post here: https://dinarchronicles.com/2024/09/30/restored-republic-via-a-gcr-update-as-of-september-30-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram One significant difference between Iraq and many other developing and established countries is Iraq's consistent willingness to pay down debt. Iraq's foreign debt has now fallen to below $10 billion dollars according to Saleh, financial advisor to the Iraqi Prime Minister...Provisions have been set aside...to ensure these obligations are met...These external debts are largely tied to the Paris Club Agreement ...Iraq is on track to fully pay these obligation by 2028. Saleh highlighted the importance of Iraq's relatively low level of foreign debt, noting it has significantly improved the country's financial standing in the eyes of global credit rating agencies, including the US based S & P.
Jeff World Trade [Organization]...one of the major things Iraq needs to really move forward towards membership is they need their MFTR [Memorandum of Foreign Trade Regime] completed... Article Quote: "The completion of all these requirements was confirmed in March of 2024." Iraq's next meeting is roughly November 6th through the 8th. They will...have all steps complete. That's when they would be eligible. Their 30 days towards membership would start right around early November...Full member probably by the end of December of this year.
************
Gold Just Hit $2700...But SILVER Has Outpaced This Year
Mike Maloney: 9-30-2024
Gold just hit a record high of $2700…are you paying attention to the surge in precious metals and cryptocurrencies?
In this insightful interview, Alan Hibbard from GoldSilver.com breaks down the key trends driving gold, silver, and Bitcoin prices.
With central banks buying gold at record rates and silver demand outstripping supply, now could be a pivotal moment for investors looking to protect their wealth or capitalize on price appreciation. Plus, we dive into Bitcoin's role as 'digital gold' and its future potential.
Seeds of Wisdom RV and Economic Updates Monday Morning 9-30-24
Good Morning Dinar Recaps,
CHINA-RUSSIA CRYPTO PACT: A NEW THREAT TO US DOMINANCE?
The China-Russia crypto pact is worrying some experts. It could challenge the US’s dominance and bring some new security risks to the cryptocurrency market. Global stability could be at stake as tensions grow around the world.
Navigating Security Risks and Cryptocurrency Market Dynamics and Growing Peril of Chinese-Russian Cooperation
Good Morning Dinar Recaps,
CHINA-RUSSIA CRYPTO PACT: A NEW THREAT TO US DOMINANCE?
The China-Russia crypto pact is worrying some experts. It could challenge the US’s dominance and bring some new security risks to the cryptocurrency market. Global stability could be at stake as tensions grow around the world.
Navigating Security Risks and Cryptocurrency Market Dynamics and Growing Peril of Chinese-Russian Cooperation
Frederick Kempe, CEO of the Atlantic Council, highlighted key issues at the UN General Assembly. He stated:
“Two dark clouds hung over the United Nations General Assembly this week in New York. The first was the growing peril of Chinese-Russian common cause. The second was uncertainty about whether US leadership will rise to the challenge after the November elections.” This reflects the influence of the China-Russia crypto pact as well.
The US has sanctioned over 300 Chinese firms recently, but China’s behavior hasn’t changed. In Russia’s Dagestan region, crypto miners are going underground. Local Prime Minister Abdulmuslimov noted:
“The owners of illegal cryptocurrency mining installations are coming up with new methods of ‘circumventing’ the law – they install mining farms underground,” influenced by the China-Russia crypto pact.
Global Security Implications
Former Secretary of State Condoleezza Rice sees our era as more dangerous than the Cold War. Kempe reported her concerns about “the gathering global threats running up against the perils of what she called ‘the four horsemen of the Apocalypse—populism, nativism, isolationism, and protectionism.'” Such concerns are exacerbated by the China-Russia crypto pact.
Cryptocurrency Regulation in Russia
Russia will enforce new crypto mining laws from November 1, 2024. The finance ministry will keep a list of approved crypto-mining companies. The influence of the China-Russia crypto pact is expected to be a significant factor in these new laws.
US Response and Future Outlook
The US plans to keep pressuring China for supporting Russia. Nicholas Burns, US ambassador to China, stated:
“We’re not going to stand by as China significantly helps Russia strengthen [not only] its armaments potential, but also its defense industrial base.” The crypto pact further complicates this stance.
The China-Russia crypto pact is a big challenge to US dominance. As cryptocurrency markets grow, global politics are changing. This could reshape how money moves around the world.
@ Newshounds News™
Source: Watcher.Guru
~~~~~~~~~
FORMER CHINESE FINANCE MINISTER URGES STUDY OF CRYPTOCURRENCY MARKETS
Former Chinese finance minister Zhu Guangyao calls for closer study of cryptocurrencies, citing global developments and potential economic importance.
▪️Former Chinese finance minister calls for closer study of crypto
▪️Cites Trump’s campaign remarks as reason for Beijing to pay attention
▪️Acknowledges risks but calls crypto crucial to digital economy
▪️Notes SEC approval of Bitcoin and Ethereum ETFs
▪️Contrasts mainland China’s caution with Hong Kong’s crypto embrace
Zhu Guangyao, China’s former minister of finance, has called on Beijing to pay closer attention to the cryptocurrency markets.
Speaking at a summit hosted by Tsinghua University, Zhu emphasized the need for the Chinese government to study recent international changes and policy adjustments in the crypto space.
The former minister’s remarks come in light of comments made by Republican presidential candidate Donald Trump on the U.S. campaign trail.
At the Bitcoin Conference in Nashville this July, Trump stated that the United States must fully embrace the crypto industry, warning that “China will do it” if America doesn’t take the lead.
Zhu highlighted Trump’s comparison of the crypto industry to the steel industry of a century ago, noting the candidate’s prediction that cryptocurrency might one day overtake gold.
This high-profile endorsement of crypto by a major U.S. political figure seems to have caught the attention of Chinese officials.
While acknowledging the potential of cryptocurrencies, Zhu also stressed the importance of recognizing the risks associated with them.
He stated that crypto “has negative impacts, and we must fully recognize its risks and the harm it poses to capital markets.” However, he balanced this caution by describing cryptocurrency as “a crucial aspect of digital economy development.”
The former finance minister also pointed to recent developments in the United States financial sector as a reason for China to reassess its stance on crypto.
Specifically, he mentioned the Securities and Exchange Commission’s (SEC) approval of bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs), despite initial opposition from the regulatory body.
This call for a closer examination of cryptocurrencies marks a potential shift in thinking among some Chinese officials. Mainland China has maintained a cautious approach to cryptocurrencies, with strict regulations in place.
However, Hong Kong, which operates under a semi-autonomous system of government and market regulations, has taken a more welcoming stance towards the crypto industry.
Hong Kong has recently listed bitcoin and ether ETFs, signaling a more open approach to cryptocurrency investments. Additionally, some members of Hong Kong’s mini-legislature have actively courted crypto businesses to set up operations in the city.
This divergence in approach between mainland China and Hong Kong highlights the complex landscape of cryptocurrency regulation in the region.
Zhu’s comments suggest that some Chinese officials may be reconsidering the country’s stance on cryptocurrencies in light of global developments.
The former finance minister’s call for further study indicates a recognition that the crypto industry is becoming an increasingly important part of the global financial landscape.
@ Newshounds News™
Source: Blockonomi
~~~~~~~~~
RIPPLE & INDIA, PARTNER UP- $500T MARKET
Zach Humphries Tells us "Massive XRP news as Ripple & India, partner up- $500T Market. The oil industry is changing, and XRP is revolutionizing it." He states in the video that "Ripple is integrating XRP into Oil trading and cross border transactions using Saudi Arabia Banks."
@ Newshounds News™
Source: Twitter X
~~~~~~~~~
DIGITAL FUSION SUMMIT UNITES FAMILY OFFICES AND INSTITUTIONAL INVESTORS TO EXPLORE DIGITAL ASSET OPPORTUNITIES IN DALLAS
Dallas, United States, Texas, September 28th, 2024, Chainwire
Event Highlights Strategies for Integrating Digital Assets into Traditional Finance Portfolios
On September 19th, the Digital Fusion Summit convened at the W Hotel - Victory in Dallas, Texas, bringing together family offices, institutional investors, and high-net-worth individuals for an exclusive event focused on the burgeoning digital asset class.
Hosted on the 33rd Floor Altitude Center, the summit provided a premier platform for education, networking, and strategic discussions at the intersection of traditional finance and digital assets.
Co-hosted by industry leaders Jake Claver and Max Avery of Digital Ascension Group and Syndicately, alongside Jordan M. Hutchinson, President and Managing Partner of Black Ocean Capital & Jest Events, and supported by team members Eric Ascione and Jedidiah Wick, the summit assembled experts to delve into opportunities, challenges, and investment strategies surrounding digital assets.
The event featured a series of panels and discussions addressing critical aspects of the digital asset landscape, including blockchain technology, cryptocurrency adoption, asset tokenization, and fintech innovations.
"What Digital Assets Really Mean for Family Offices: Strategy, Adoption, and Investment Opportunities"—This panel, moderated by Ray Fuentes, explored how family offices can develop effective strategies and assess value propositions in the digital asset space.
Panelists included thought leaders such as Jake Claver, Matthew Snider, Erin Friez, and Rustin Diehl, who shared insights on successful investment cases and adoption strategies within blockchain and cryptocurrency markets.
"Professional Service Providers for Digital Assets: Ensuring Security and Compliance"—Moderated by Rachel Wolfson, this discussion focused on the evolution of custody solutions, best practices for digital asset security, and navigating regulatory considerations in the cryptocurrency sphere.
Panelists Eric Ervin, Joe Medioli, and John Wingate offered valuable perspectives on the role of institutional custody in driving widespread adoption of digital assets.
"Fintech Companies Providing Liquidity to Private Investments: Opportunities and Challenges"—This panel, led by Ray Fuentes, delved into the potential of tokenizing real assets, legal considerations in asset tokenization, and successful case studies.
Industry specialists Lee Mosbacker IV, Connor McLaughlin, Jake Claver, and John Wingate shared their expertise on navigating early-stage investments in digital assets and the tokenization process, highlighting how fintech innovations are reshaping liquidity in private markets.
"Legal Innovations in Blockchain"—Rachel Wolfson moderated this discussion with legal experts Rick Tapia, Rustin Diehl, and Erin Friez to explore the evolving legal frameworks shaping the blockchain and cryptocurrency sectors. The panel examined intellectual property rights, compliance issues, and the impact of regulatory changes on the deployment of blockchain technology and digital assets.
The summit also featured keynote speeches from Joe Medioli of Anchorage Digital and Lee Mosbacker IV of Cyrannus, providing deeper insights into institutional digital asset services and the importance of liquidity in private markets. Their presentations underscored the critical role of secure, compliant, and efficient digital asset solutions in the financial industry's future.
Sponsors Cyrannus, Anchorage Digital, and Securitize for Advisors played a pivotal role in making the summit possible, demonstrating their commitment to advancing the digital asset ecosystem and supporting the integration of blockchain technology into mainstream finance.
The Digital Fusion Summit successfully bridged the gap between traditional finance and the digital asset landscape, offering attendees a comprehensive view of the opportunities and challenges in this rapidly evolving sector.
As digital assets, blockchain, and cryptocurrency continue to gain traction among institutional investors and family offices, events like this are crucial for fostering education, collaboration, and growth within the industry.
The success of this inaugural Digital Fusion Summit sets the stage for future events aimed at uniting traditional finance with the burgeoning world of digital assets. For those interested in attending upcoming events or learning more about opportunities in the digital asset space, the team at Digital Ascension Group welcomes inquiries.
To stay informed about future events and explore how your family office or institution can navigate the world of digital assets, please visit www.digitalfamilyoffice.io.
The team at Digital Ascension Group looks forward to fostering more insightful discussions and valuable networking opportunities in the digital asset sector.
@ Newshounds News™
Source: Investing News
~~~~~~~~~
🌍 Dive Deeper into The Constitution: Fascinating Facts You Need to Know | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Thank you Dinar Recaps
“Tidbits From TNT” Monday Morning 9-30-2024
TNT:
Tishwash: Central Bank Governor meets Spanish Ambassador to Iraq
His Excellency the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, met with the Spanish Ambassador to Iraq, Mrs. Alicia Ricoperez del Bulgari, to discuss developing relations between the Iraqi and Spanish financial sectors.
The two parties discussed opening channels of communication between the Central Bank of Iraq and the Spanish Bank in a step aimed at enhancing cooperation with the Spanish side in all economic fields, most notably cooperation in the banking sector.
Central Bank of Iraq
Media Office
September 30, 2024 link
TNT:
Tishwash: Central Bank Governor meets Spanish Ambassador to Iraq
His Excellency the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, met with the Spanish Ambassador to Iraq, Mrs. Alicia Ricoperez del Bulgari, to discuss developing relations between the Iraqi and Spanish financial sectors.
The two parties discussed opening channels of communication between the Central Bank of Iraq and the Spanish Bank in a step aimed at enhancing cooperation with the Spanish side in all economic fields, most notably cooperation in the banking sector.
Central Bank of Iraq
Media Office
September 30, 2024 link
Al-Sudani decides to postpone his official visit to the United Kingdom
Prime Minister Mohammed Shia Al-Sudani decided to postpone his official visit to the United Kingdom scheduled for early October to a later time.
A statement from his office, a copy of which was received by {Euphrates News}, stated: “Prime Minister Mohammed Shia al-Sudani decided to postpone his official visit to the United Kingdom scheduled for early next October, to a later time; as a result of developments in current events on the regional and international arenas.”
He added, "Also, as a result of the developments of current events on the regional and international arenas." link
************
Tishwash: Market Forces Committee recommends holding an Iraqi-Turkish forum in Baghdad
The Market Forces Committee, formed by Prime Minister Mohammed Shia al-Sudani, recommended holding a joint Iraqi-Turkish forum in the capital, Baghdad.
The committee said in a press statement received by Shafak News Agency that the Market Forces Committee held its meeting today, and hosted the financial advisor to the Prime Minister, Mazhar Muhammad Salih.
The committee, which was formed by the Prime Minister by a Diwani order, consists of the Association of Private Banks, the Federation of Chambers of Commerce, the Iraqi-Turkish Business Council, and the Iraqi Contractors Union.
The statement added that the committee recommended developing economic relations with Turkey, by holding a joint Iraqi-Turkish forum under the auspices of the Prime Minister in Baghdad on the sidelines of the visit of the Turkish Minister of Trade to Baghdad scheduled for next November.
The committee focused on working to support the establishment of the international development road, which would contribute to achieving a qualitative leap in international transportation, industry, and private sector contribution, and making Iraq a strategic corridor between the countries of Asia and Europe.
The committee pointed out the importance of solving the problems of the Iraqi and Turkish private sectors, which relate to financial transfers, customs, entry visas, and others, in a way that contributes to developing economic relations, stressing the committee’s openness to all forces of the Iraqi and Turkish market. link
************
Tishwash: An expert reveals the reason for the fragility of the Iraqi market: Countries want imports to remain
Today, Monday (September 30, 2024), economic expert Nasser Al-Kanani revealed the reason for the fragility of the Iraqi local market and its inability to confront any external problems.
Al-Kanani said in an interview with Baghdad Today, "The Iraqi local market is fragile and cannot face any external problems, as it depends only on foreign imports, and does not depend on local national production, and therefore the market is greatly affected by any external problems, and cannot face any of those problems, and therefore the Iraqi government must work seriously to restore local production so that the local market is strong and not affected by any regional or international problems and crises."
He added, "The Iraqi local market is considered one of the most important markets for many countries in the region and the world, to sell their materials in it, and it is not unlikely that there are countries working to keep the Iraqi market fragile and dependent on imports, instead of national production, and for this reason, throughout the past years, we have not seen any control of local products over the market."
Last March, the Central Bank of Iraq announced that “there is no return to the previous price of the dollar, and the price will not be reduced under any circumstances,” stressing that there is no intention to raise the price above 145,000 for every 100 dollars, which is the official Iraqi exchange rate.
The prices of basic foodstuffs doubled after the government devalued the dinar, and prices increased again, before rising again due to the rise in the price of the dollar .
The prices of some food items in Iraq have increased by between 25 and 75 percent, as the price of one kilogram of sugar rose from 1,000 dinars to 1,300 dinars in retail markets, a bottle of cooking oil from 1,500 to 3,000, and grains from 500-750 to 1,000-1,500 dinars link
Mot: .. how does ole ""Earl"" do it ....
Mot: .. the logic of the Internet!!!!
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 9-29-24
Good Afternoon Dinar Recaps,
XRP VS. TRADITIONAL BANKING SOLUTIONS: WHY BANKS ARE TAKING NOTICE OF RIPPLE
▪️The role of XRP as a bridge currency in global finance is gaining traction.
▪️Top Analyst uncovers key factors that can drive XRP’s adoption.
XRP, the cryptocurrency associated with Ripple Labs Inc., is often described as a bridge currency that can be integrated with the traditional banking sector. At the moment, there are heightened discussions on why banks should use XRP for payments.
Good Afternoon Dinar Recaps,
XRP VS. TRADITIONAL BANKING SOLUTIONS: WHY BANKS ARE TAKING NOTICE OF RIPPLE
▪️The role of XRP as a bridge currency in global finance is gaining traction.
▪️Top Analyst uncovers key factors that can drive XRP’s adoption.
XRP, the cryptocurrency associated with Ripple Labs Inc., is often described as a bridge currency that can be integrated with the traditional banking sector. At the moment, there are heightened discussions on why banks should use XRP for payments.
Why Banks Are Taking Notice of Ripple
In an X post, crypto investor and analyst CryptoTank highlighted several reasons banks would use XRP instead of other digital tokens or a Central Bank Digital Currency (CBDC).
First, the analyst pointed out that the traditional banking sector is competitive. He noted that smaller banks compete with larger banks like JPMorgan for market share and customers.
Therefore, he claims banks will be uninterested in accepting each other’s digital token or CBDC since doing so will give bigger rivals a competitive advantage. The analyst added that the smaller banks’ agreement could give bigger banks total control of how the tokens will be issued and used.
Essentially, the analyst opined that the bigger banks could eventually exert tough conditions that might put smaller ones out of business.
J.P. Morgan or B of A, or any other competitor. If they agreed to that the the Big bank could set the terms and control how that token is issued, used, etc to the smaller banks. Essentially able to put them out of business if they wanted to. Which of course they do…
— CryptoTank (@Tank2033js) September 24, 2024
CryptoTank’s second point hinges on liquidity. He emphasized how banks are desperate to get liquidity that is easily accessible, cheap, and with low to zero friction. He noted that the SWIFT network, developed as a payment solution for financial institutions, is still far behind in technology. The analyst stated that the network is slow, costly, and has friction, thus limiting its use by traditional banks.
CryptoTank highlighted that the fundamental idea behind the new financial system and the digital age is the seamless transfer of value. He added that the BRICS alliance was created by countries seeking freedom from the traditional banking system. According to the analyst, the United States and the United Kingdom have had authority over sanctions, which often caused financial harm to them.
Documents from the BIS, IMF, and WEF claim a neutral bridge currency is needed to provide a seamless transfer of value globally. This would avoid friction and failed transactions and allow banks to free up Nostro Vostro accounts.
Comparing XRP to XLM as a Solution to Financial Freedom
Many think Stellar’s XLM could be used for seamless value transfer instead of XRP. CryptoTank, however, pointed out that XLM was created for peer-to-peer smaller transactions and banking the unbanked globally and not as a bridge currency.
On the other hand, he noted that XRP is not a utility token. The analyst describes XRP as a token created specifically for transferring huge amounts of value at a low cost, high speed, and without friction.
The analyst highlighted how Ripple uses XRP as a bridge asset to move value for its On-Demand Liquidity (ODL). As noted in an earlier CNF post, wealth advisor Mickle claims demand for XRP among market makers will increase as global ODL transactions expand.
CryptoTank highlights Ripple’s partnership with the BIS, IMF, WEF, and central banks, further strengthening XRP’s case as the appropriate bridge currency.
“Sitting at the head tables with the Global leaders of Finance and Banking. Crafting the rules, regulations, and how the new system will work…It doesn’t take a genius to see where this is going,” CryptoTank emphasized.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
GOLDMAN SACHS FORECASTS WEAKER DOLLAR AS FED BEGINS INTEREST RATE REVERSAL: REPORT
Banking giant Goldman Sachs is forecasting a weaker US dollar following the interest rate reversal from the Federal Reserve.
In a new note to investors covered by Bloomberg, Goldman strategists say a gradual weakening of the greenback is expected now that lower rates have lessened the dollar’s appeal.
The bank said the Fed’s recent cut of 50 basis points (bps) showed a willingness to respond aggressively to a potential economic downturn, justifying expectations of relative weakness for the dollar against other major currencies including the euro, pound and yen.
Goldman is now predicting upward moves in the euro and the pound against the dollar, predicting $1.15 for EUR/USD, a 2.67% boost, and $1.40 for GBP/USD, a 4.47% rally from current prices.
Says the Goldman strategists,
“This balance should entail a weaker dollar over time, but we still expect that to be a gradual and uneven process. We also still believe the dollar’s high valuation will not be eroded quickly or easily, but the bar has been lowered a bit…
Support for sterling is coming both from its risk beta as well as solid growth momentum and a patient BOE. Markets have priced out US recession risk, benefiting risky assets and pro-cyclical currencies like sterling.”
Goldman’s call for a weaker dollar differs from the forecast from German banking titan Deutsche Bank, who believes that a potential Donald Trump presidency will ultimately boost the dollar relative to other currencies.
“We think pricing for the Fed is too dovish and that the market is underpricing the dollar positive risks around a Trump victory, so we like buying the USD.”
@ Newshounds News™
Source: DailyHodl
~~~~~~~~~
XRP RECOGNIZED BY SWIFT AS A BRIDGE CURRENCY FOR 11,000+ BANKS
▪️XRP was recognised as a bridge currency by SWIFT, an interbank messaging platform that connects over 11,000 banks globally and facilitates $150 trillion in transfers annually.
▪️While the two were initially viewed as rivals, they work even better together, with SWIFT bringing legacy finance connections while XRP provides the tech.
Years ago, XRP was viewed as the ultimate solution that would wipe off traditional cross-border rails, with SWIFT being put on notice. However, crypto has matured since then, and its enthusiasts have recognized that it’s easier to integrate with established players than to fight them, Now, XRP is seen as complementary to SWIFT rather than a whole new solution.
SWIFT has also warmed up to XRP, and in a partnership with blockchain consortium R3 that extends back over five years, the interbank messaging platform mentioned XRP as one of the options for a bridge currency between its participants.
SWIFT is the world’s most popular interbank messaging protocol, connecting over 11,000 global banks, ranging from multinational behemoths like JPMorgan and Bank of China to local union banks. In its most recent published figures, it revealed that it was recording 45 million transfers daily, resulting in $150 trillion worth of value transfers facilitated annually.
As XRP enthusiasts noted on social media, this recognition is important for XRP.
XRP for Global Fund Transfers
Today, sending an email or a chat message is instant and cheap. However, sending a financial message remains cumbersome, very costly and extremely slow. Most banks take three to five working days to deliver the funds, leading to the joke that it’s easier to take a flight and deliver the cash in hand rather than send it via SWIFT.
Since crypto launched, this has been one of the sectors it’s targeted. XRP has been one of the leaders in this revolution owing to its very low fees and fast transactions. While it has seen some traction, including integrating with several banks globally, it has yet to land its key moment.
Despite the integrations, Ripple is still pushing to completely overhaul the system. As we reported, CEO Brad Garlinghouse revealed recently he’s still focused on “trying to let value move the way information moves today.”
However, it doesn’t happen overnight, he noted. Being a payment network that handles people’s money, XRP and the interlinked systems are moving systematically slowly to ensure they are compliant with every financial regulation and avoid the walls caving in on the leaders as they have for former kingpins like Binance founder Changpeng Zhao and FTX founder Sam Bankman-Fried, who prioritised speed over compliance.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
THE SILVER PRICE NARRATIVE HAS BEGUN...
💰 Silver, dubbed the "money of the people," is projected for 50% gains in 2024, potentially reaching $1 per ounce due to its diverse uses beyond gold.
📈 In the past 11 months, silver has outperformed gold by 61%, with analysts predicting a potential surge to $50 an ounce within 100 days if it breaks above $32.
🗓 2024 has been officially named the "year of the metals" by GSC commodity intelligence, marking the beginning of the "silver narrative" expected to continue into 2025.
The Economic Ninja encourages everyone to own at least 2 ounces of silver, calling it the "investment of the century" due to anticipated truth revelations.
🚀 Predictions suggest silver prices will reach all-time highs in 2025, with some analysts offering even more bullish forecasts for the precious metal's future value.
@ Newshounds News™
Source: The Economic Ninja
~~~~~~~~
XRP NEWS: TOP RIPPLE EXECUTIVES TO ATTEND FEDERAL RESERVE BANK’S 8TH ANNUAL FINTECH CONFERENCE
▪️Ripple’s Brad Garlinghouse and Chris Larsen have been reported to appear at the upcoming annual Fintech conference hosted by the Federal Reserve Bank of Philadelphia.
▪️Before this, Ripple’s flagship event – the Swell conference, would be hosted with several industry key players expected to discuss the future of the crypto industry.
The price of XRP surged 4% daily after reports emerged that Ripple executives Brad Garlinghouse and Chris Larsen would make a groundbreaking appearance at the annual fintech conference.
According to details, the upcoming event would be the eighth edition hosted by the Federal Reserve Bank of Philadelphia from October 22 to October 23. Based on the information available on the host’s website, this year’s conference would feature notable fintech professionals and researchers speaking on various topics, including real-world asset tokenization, banking-as-a-service, tokenized deposits, and the potential role of fintech in shaping the future of finance.
In addition to the Ripple executives, the list of expected speakers at the event includes Coinbase lawyer Paul Grewal, and the head of the Crypto Council for Innovation Sheila Warren.
The Swell Conference by Ripple
From October 15-16, Ripple will also host its annual flagship event, the Swell Conference. According to the blockchain company, this event will be attended by more than 40 countries, over 600 attendees, and more than 50 speakers.
Based on the document we have, some of the featured speakers would include Ripple’s Brad Garlinghouse, superintendent at the New York State Department of Financial Services Adrienne Harris, former chair of the FDIC and founding chair of the Systemic Risk Council Sheila Bair, global head of blockchain and digital assets at BBVA Francisco Maroto, and Chief Security Officer at Coinbase Philip Martin.
According to reports, the conference would discuss several topics to reveal how financial institutions and businesses leverage crypto in blockchain technology.
Court Case Still Hanging
Currently, the entire crypto industry is waiting for the appeal decision by the US Securities and Exchange Commission (SEC) as the October 7 deadline is fast approaching. According to a former SEC lawyer, the Commission would likely appeal the ruling on the programmatic sales of XRP by Judge Analisa Torres as we reported. However, Ripple’s Chief Legal Officer Stuart Alderoty believes that the conflict has ended.
Attorney Jeremy Hogan commented on this and advised the Commission to consider its “mandate of investors’ protection” in its decision-making.
Of course, they think the opinion is wrong – they were on the losing side. What the SEC should be thinking of right now is whether an appeal furthers its mandate of investor protection and capital formation. Why isn’t that top of mind? More evidence the SEC has lost the plot.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
🌍 7 CONFUSING CRYPTO TERMS (ALMOST) NOBODY UNDERSTANDS | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Thank you Dinar Recaps
MilitiaMan: Iraq Dinar Update - Delete Zeros Exchange Rate - Reality is there will be Enhanced Value - Strength
Iraq Dinar Update - Delete Zeros Exchange Rate - Reality is there will be Enhanced Value - Strength
MilitiaMan and Crew: 9-29-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Dinar Update - Delete Zeros Exchange Rate - Reality is there will be Enhanced Value - Strength
MilitiaMan and Crew: 9-29-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Economist’s “News and Views” Sunday 9-29-2024
Major US Banks Start Dumping EVERYTHING!
Atlantis Report: 9-29-2024
The financial situation in the United States is experiencing a significant change as major banks are selling off assets at an unprecedented rate.
This move is caused by the imminent commercial real estate crisis, bad loans, and high interest rates.
This situation is not just a financial maneuver but a response to deep-seated issues affecting the stability of the banking sector.
Major US Banks Start Dumping EVERYTHING!
Atlantis Report: 9-29-2024
The financial situation in the United States is experiencing a significant change as major banks are selling off assets at an unprecedented rate.
This move is caused by the imminent commercial real estate crisis, bad loans, and high interest rates.
This situation is not just a financial maneuver but a response to deep-seated issues affecting the stability of the banking sector.
As banks hurry to get rid of assets, the consequences are widespread, affecting everything from the availability of credit to confidence in the financial system itself.
BRICS 2024 Announces Major Global Changes to US Dollar!
Cyrus Janssen: 9-29-2024
BRICS will hold its annual President's Meeting in Russia and it will specifically target the future of the US Dollar.
This meeting is important as BRICS will officially announce its plan for launching a new trading network that will not use the US dollar but instead use a basket of local currency.
This new trading network could potentially be backed by gold and also use blockchain technology. Let's break down all the updates on BRICS and the future of the US dollar in today's video!
Michael Pento : They Have Destroyed The Middle Class
Lynette Zang: 9-29-2024
Today's video is an interview with an amazing mind, Michael Pento. We discuss the Fed's recent rate drop, consumer confidence, the value of the dollar and so much more!
Iraq Economic News and Points To Ponder Sunday Afternoon 9-29-24
The Central Bank Of Iraq Issues A Warning To Exchange Companies Regarding The Sale Of Dollars
Banks Economy News – Baghdad The Central Bank of Iraq warned, on Sunday, exchange companies that sell travelers' dollars from receiving a commission exceeding 25 thousand dinars.
According to a document issued by the bank and obtained by "Al-Eqtisad News", it is: "Through auditing and monitoring the work of your companies regarding the sale of dollars allocated to travelers, it was noted that some exchange companies collect a commission from traveling citizens in the amount of (50,000) dinars (fifty thousand dinars), and this violates the content of our circular No. 8003/1/9 dated 7/11/2024, as we previously directed you to collect a commission of (25,000) dinars (twenty-five thousand dinars only) from the citizen when he carries out the process of purchasing dollars.
The Central Bank Of Iraq Issues A Warning To Exchange Companies Regarding The Sale Of Dollars
Banks Economy News – Baghdad The Central Bank of Iraq warned, on Sunday, exchange companies that sell travelers' dollars from receiving a commission exceeding 25 thousand dinars.
According to a document issued by the bank and obtained by "Al-Eqtisad News", it is: "Through auditing and monitoring the work of your companies regarding the sale of dollars allocated to travelers, it was noted that some exchange companies collect a commission from traveling citizens in the amount of (50,000) dinars (fifty thousand dinars), and this violates the content of our circular No. 8003/1/9 dated 7/11/2024, as we previously directed you to collect a commission of (25,000) dinars (twenty-five thousand dinars only) from the citizen when he carries out the process of purchasing dollars.
She added: "In order to proceed with the mechanism that was launched to facilitate procedures for citizens in a correct and smooth manner, we hope that you will adhere to the directives issued by this bank, otherwise it may lead in the future to your companies being excluded from participating in the foreign currency buying and selling window."
Below is the document:
https://economy-news.net/content.php?id=48129
The Central Bank Of Iraq Sells More Than $ 258 Million In Today's Auction
Banks Economy News – Baghdad The Central Bank of Iraq sold more than $258 million in dollar sales at a currency auction on Sunday.
The bank sold in its auction today 258 million, 796 thousand and 19 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to $247 million, 296 thousand and 19, an increase of 95% over cash sales of $11 million, 500 thousand.
The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 14 banks, and the total number of exchange companies participating in the auction was 17 companies.
Added 09/29/2024 - 2:25 PM https://economy-news.net/content.php?id=48131
Oil Jumps As Regional Tensions Flare
Energy Economy News - Follow-up Oil prices rebounded at the end of the week after a sharp decline on Thursday, despite the Israeli war on Lebanon. According to the Oil Price Bulletin, West Texas Intermediate crude was trading at $68.52 per barrel, up 1.26%, and Brent crude was trading at $72.27 per barrel, up 0.94%, but expectations indicate that oil prices may rise even higher if Iran enters the war to support Hezbollah.
“These gains are primarily due to rising tensions in the Middle East, particularly the escalating conflict between Israel and Hezbollah. This volatility raises concerns of further disruptions to oil supplies and sea routes,” Oil Price said in a report on Friday evening.
In the same context, ABC News analysts reported in previous comments that “a potential escalation of the war in the Middle East could cause a significant spike in oil prices, igniting inflation in the United States, leading to increases in the prices of a range of basic commodities from gasoline to plastics.”
Although the supply chain disruptions did not occur as some analysts had feared earlier in the war, the rise in oil prices would have a significant impact on the U.S. economy.
Oil prices rose by about 1.5% in mid-week trading, due to concerns about the expansion of the Israeli war. According to the American network report, oil prices rose by more than 8% during the past two weeks, as the conflict in the region intensified.
Prices could have risen, but for reasons ranging from the Chinese economic growth crisis and fears of an economic recession in Europe and the United States, the price of oil is still well below the 2022 peak it reached when the hot economic recovery collided with the supply shortages imposed by Western countries on Russian energy due to the Russian-Ukrainian war.
The return of oil and gas prices to the rise could be due to the ongoing escalation in the region, experts say. “The biggest concern would be a sharp spike in crude oil prices,” Jason Miller, a professor of supply chain management at the University of Michigan, told ABC.
“That would not only push up gasoline prices, but since oil is a direct input to almost every manufacturing process, it would bring another inflationary shock,” Miller added.
The ruling Democratic Party in the United States fears that the war will expand to the point that it will disrupt oil supplies in global markets, resulting in higher prices and a return to rising inflation. If such a scenario occurs, it will be a disaster for the American and Western economies.
On Friday, Israel launched an airstrike targeting Hezbollah’s headquarters in Beirut, in the deadliest attack in nearly a year of war that killed Hezbollah Secretary-General Hassan Nasrallah. The rocket fire and maritime security warnings issued to ships at Israeli ports are directly affecting regional shipping lanes, especially as the Houthis in Yemen have increased their attacks on American and Israeli ships.
“Increased regional uncertainty, coupled with fears of more direct strikes on ports such as Haifa and Eilat, has led to increased risk assessments for shipping and oil transportation,” according to Oil Price. Insurance premiums are expected to rise as the potential for collateral damage to Israeli and nearby maritime infrastructure emerges.
Investors typically respond to these risks by raising oil prices, as markets fear supply disruptions and increased demand for safe oil reserves amid instability. “The situation remains fluid, and prices are likely to continue rising if the conflict escalates further,” according to Oil Price. 146 views Added 09/29/2024 - https://economy-news.net/content.php?id=48118
Iraq's Oil Exports To US Rise In A Week
Economy | 09:09 - 09/29/2024 Mawazine News – Baghdad The US Energy Information Administration announced on Sunday that Iraq's oil exports to America increased during the past week. The administration said in a table that "the average US imports of crude oil during the past week from 7 major countries amounted to 5.401 million barrels per day, down by 244 thousand barrels per day from the previous week, which amounted to 5.645 million barrels per day."
It added that "Iraq's oil exports to America amounted to 265 thousand barrels per day last week, up by 110 thousand barrels per day from the previous week, which amounted to 155 thousand barrels per day."
The administration also indicated that "the largest oil revenues to America during the past week came from Canada at a rate of 3.912 million barrels per day, followed by Mexico at an average of 499 thousand barrels per day, followed by Colombia at an average of 295 thousand barrels per day, and from Saudi Arabia at an average of 291 thousand barrels per day."
According to the table, "the amount of US imports of crude oil from Nigeria was 135 thousand barrels per day, and from Ecuador was 4 thousand barrels per day." While Import any quantity from Brazil and Libya.
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Prime Minister's Advisor: Two-Pronged Plan To Build 14,000 Schools Through Investment
Construction And Reconstruction
my News – Baghdad Adnan Al-Sarraj, the Prime Minister's advisor for education affairs, announced on Sunday a two-pronged plan to build 14,000 school buildings through investment, while explaining the mechanism for paying the costs.
Al-Sarraj said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "Iraq needs 9,600 schools, and within the next two years it may need 12,000 schools," noting that "proposals were put forward and approved by the Prime Minister, including the construction of 4,000 schools through the Iraq Development Fund, which announced the allocation of sites for 400 of them to be completed within two years."
He added, "The construction of these schools is done by investors after a plot of land is provided to them by the government. They also carry out maintenance and equip the school with trips and blackboards. After completion, the state rents it for 15 years, and ownership returns to the state after the expiration of the period."
He pointed out that "there is another proposal to build 10,000 schools by having investors build and equip the schools, and the state pays sums for each student in the school to the investor."
48 views Added 09/29/2024 - https://economy-news.net/content.php?id=48146
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