Seeds of Wisdom RV and Economic Updates Thursday Morning 10-3-24
Good Morning Dinar Recaps,
SWIFT SET TO BEGIN LIVE BANK TRIALS OF DIGITAL ASSET TRANSACTIONS IN 2025
โช๏ธSwift said banks will begin live trials of digital asset and currency transactions over its network next year.
โช๏ธIt marks the first time Swift will move beyond experimenting with blockchain transactions in testing environments to real-world settlement.
Starting next year, Swift said banks in North America, Europe and Asia will begin live trials of digital asset and currency transactions over its global messaging network, which services more than 11,500 financial institutions.
Good Morning Dinar Recaps,
SWIFT SET TO BEGIN LIVE BANK TRIALS OF DIGITAL ASSET TRANSACTIONS IN 2025
โช๏ธSwift said banks will begin live trials of digital asset and currency transactions over its network next year.
โช๏ธIt marks the first time Swift will move beyond experimenting with blockchain transactions in testing environments to real-world settlement.
Starting next year, Swift said banks in North America, Europe and Asia will begin live trials of digital asset and currency transactions over its global messaging network, which services more than 11,500 financial institutions.
Swift has previously experimented with blockchain transactions in testing environments. However, next yearโs trials will pilot an advanced version of its infrastructure capable of orchestrating real-world digital asset and currency transactions across networks for the first time, according to a statement by the firm on Thursday.
The live trials will leverage Swiftโs existing global network and interlink various digital and traditional currency platforms, providing a single system for banks to transact across borders with digital and fiat currencies, the firm explained.
The trials are designed to demonstrate how financial institutions can transact interchangeably across both existing and emerging asset and currency types using their current Swift connection.
โGlobal financial institutions will have the ability to use Swiftโs global platform to conduct pilot transactions for the settlement of digital assets and currencies,โ the firm said.
Moving from experimentation to reality
The announcement follows a series of recent experiments by Swift, working with web3 services firm Chainlink as an enterprise abstraction layer to connect its network to the Ethereum Sepolia test network.
The experiments demonstrated that Swift could provide one single point of access to multiple public and private blockchain networks, which could also support institutions creating tokenized assets and the development of central bank digital currencies โ currently being explored by 134 countries.
"For digital assets and currencies to succeed on a global scale, itโs critical that they can seamlessly coexist with traditional forms of money,โ Swift Chief Innovation Officer Tom Zschach said.
โWith our vast global reach, we are uniquely positioned to bridge both emerging and established forms of value, and weโre now focused on demonstrating this in real-world, mainstream applications.โ
A key aim of the trials is to address the rise of disconnected digital platforms that could hinder the widespread adoption of new forms of value, according to the firm. โWhile the scale is impressive, without interconnectivity between platforms, global adoption is set to remain fragmented,โ Swift said.
โAs new forms of value emerge, our intention is to continue offering our community the ability to seamlessly make and track transactions of all kinds of assets โ using the same secure and resilient infrastructure that is integral to their operations today," Zschach added.
@ Newshounds Newsโข
Source: The Block
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RIPPLEโS CEO DROPS TRUTH BOMB ON SEC: WHY THIS LAWSUIT IS A TOTAL JOKE!
Ripple CEO Brad Garlinghouse did not mince words in a recent post about the SECโs continued pursuit of its lawsuit against Ripple. Garlinghouse expressed deep frustration with the SEC, particularly its Chair Gary Gensler, stating that if the agency were rational, they would have dropped the case long ago. Instead of protecting investors, the SEC has damaged its credibility and reputation.
According to Garlinghouse, Ripple and the broader crypto industry have already secured victory on key issues, including XRPโs status as a non-security.
XRPโs Status is Clear, Despite SECโs Appeal
Garlinghouse emphasized that XRPโs legal status as a non-security is now well established. Despite the SECโs decision to appeal, Garlinghouse remains confident, calling the appeal misguided and infuriating.
He pointed out that when the SEC previously attempted an interlocutory appeal, it did not challenge XRPโs non-security statusโan important legal milestone that Ripple intends to defend.
Stuart Alderoty Backs Garlinghouseโs Position
Rippleโs Chief Legal Officer Stuart Alderoty echoed Garlinghouseโs views, labeling the SECโs decision to appeal as both disappointing and unsurprising. Alderoty described the lawsuit as an โembarrassmentโ for the SEC, emphasizing that the court had already rejected claims that Ripple acted recklessly.
There were no allegations of fraud, nor were there any victims or financial losses in the case, which Alderoty believes further undermines the SECโs rationale for continuing.
SECโs Misguided Litigation Strategy
Alderoty also criticized the SEC for what he called โlitigation warfareโ against the crypto industry, accusing the agency of using the courts to stall progress rather than faithfully applying the law.
Ripple is currently evaluating whether to file a cross-appeal to further challenge the SECโs position.
Alderoty vowed that Ripple is ready to fight once again in the appellate court, asserting that Ripple is leading the charge for the entire crypto industry.
In a striking coincidence, the SECโs Enforcement Director, Gurbir Grewal, announced his resignation just an hour before the SECโs decision to appeal. While Garlinghouse and Alderoty did not explicitly link the two events, the timing suggests potential internal shake-ups within the SEC, further fueling speculation about the agencyโs long-term strategy.
Ripple remains committed to defending XRPโs non-security status and pushing back against what they see as a misguided, and ultimately futile, attempt by the SEC to extend the lawsuit. Both Garlinghouse and Alderoty remain resolute that Ripple and the broader crypto industry will continue to prevail.
@ Newshounds Newsโข
Source: Coinpedia
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๐AUDIO - Jim ask - So what are you? Animal vegetable or Mineral or Human? or people? | Youtube
@ Newshounds Newsโข
Source: Seeds of Wisdom Team RV Currency Facts
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News, Rumors and Opinions Thursday AM 10-3-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and โRates and Datesโ could change anytime until we get to the banks/redemption centers.
RV Excerpts fro the Restored Republic via a GCR: Update as of Thurs. 3 Oct. 2024
Compiled Thurs. 3 Oct. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 2 Oct. 2024 Wolverine: โGuys, Iraq still has not floated the dinar yet on Forex. Bond payments are definitely started, or about to start. Hearing all good news regarding Bond Holders, but nothing concrete about the RV.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and โRates and Datesโ could change anytime until we get to the banks/redemption centers.
RV Excerpts fro the Restored Republic via a GCR: Update as of Thurs. 3 Oct. 2024
Compiled Thurs. 3 Oct. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 2 Oct. 2024 Wolverine: โGuys, Iraq still has not floated the dinar yet on Forex. Bond payments are definitely started, or about to start. Hearing all good news regarding Bond Holders, but nothing concrete about the RV.
There are Whales who have flown to Zurich to go to their appointments and receive their blessings. The RV is very complicated as they are dealing with all the currencies of the world and have them all gold backed. The Pentecostal group is about to release the funds to their members that are going to the event this weekend.
They will be given the codes and the PIN number to access their funds. They will be paid first before going to the gala night. I think about 300 people or more are going to the event from various countries around the world. Contracts are starting to get paid.โ
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Wed. 2 Oct. 2024 MarkZ: โThe Historic Bond contact I was hoping could give me an update said they are now under an NDA. I am confident they got paid something at the table or they would not have signed it. A couple other bond folks told me they did get their final paperwork but the plan is not to pay the until early next week.
So paperwork is finalโฆprocess is started but they will not get full release of their funds until next week. I wonder if itโs more of an international clearing process to get their spendable funds. In other words, two of my contacts were in a group so funds were given to the paymaster. Then the paymaster has to clear those billions in funds internationally then distribute those funds to all the people in the group. If these billions were moved from Europe to the US- there would be safety checks and balances.
This takes awhile. I very much think and am very confident money has been moving on bonds, just not as quickly as we want it to be moving.โ
Wed. 2 Oct. 2024 the US โGold Standardโ has been initiated in foreign trade! https://x.com/maerox/status/1841326606691831910?s=46&t=KbeHKcWo9iYbqqIySY5EJA
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Global Financial Crisis:
Wed. 2 Oct. 2024: BREAKING NEWS: Thousands of Bank of America Customers Locked Out of Accounts Amid Widespread Outages โ amg-news.com โ American Media Group Bank of America is down: Customers report widespread outage, zero balances shown in accounts.
Wed. 2 Oct. 2024: Global Financial System Implemented: โฆAriel on Telegram
Banks on a Leash: No more reckless speculation or shady under-the-table deals. For the first time in modern history, the banking system is being held accountable. Gone are the days when Wall Street fat cats could manipulate your savings for their own gains. The gold-backed system will guarantee your hard-earned wealth is protected by real value, not inflated promises.
Wall Streetโs Days of Manipulation Are Over: The financial elites are finally being put in check. No longer will Wall Street have the power to rig markets or siphon wealth from the middle class. The rise of decentralized, asset-backed systems like tokenized gold ensures that real value is driving the market, not fabricated bubbles. Youโll have the power to invest in real assets, knowing the market can no longer be rigged against you.
Ports Flowing With Integrity: The East Coast port strike has opened the door to transparent and equitable supply chains. The days of backroom deals that created shortages and price hikes are over. Goods will now flow through the ports with fair labor practices, ensuring both workers and consumers benefit from a system built on trust and cooperation. You will finally see the true cost of goods reflect the value of fair and honest trade.
A Future For Your Children: The changes happening today will reverberate for centuries. These shifts arenโt just for usโtheyโre for future generations. Your children and grandchildren will inherit a world where truth, integrity, and fairness form the foundation of society. Theyโll grow up in a country where opportunity and justice are the norm, not the exception.
Read full post here: https://dinarchronicles.com/2024/10/03/restored-republic-via-a-gcr-update-as-of-october-3-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They're talking about international. I can't stress that enough...They're going to need an Article VIII complaint, Article XIV compliant currency with the IMF. They're going to have to agree to those obligation and that would mean a change of exchange rate to a Real Effective Exchange Rate.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Special report on deleting the zeros. They tried to tell us there are good reasons for it and there are bad reasons for it. They are telling us 54 countries have done this in the past. They are using that as an example for our monetary reform... FRANK: Remove the cons and only pay attention to the pros...
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Indonesia Accept China's Offer: BRICS is next?
Fastepo: 10-2-2024
Indonesiaโs stature as a burgeoning economic and military heavyweight in Southeast Asia is increasingly capturing international attention.
The nation boasts the largest economy in the region, with a gross domestic product of $1.19 trillion in 2023, ranking 16th globally by nominal GDP. Forecasted to grow at 5% in 2024, Indonesiaโs economic vigor is propelled by robust domestic consumption and extensive infrastructure investments.
In the same year, Foreign Direct Investment inflows totaled $47.5 billion, enhancing key industries such as metal goods and telecommunications.
In 2023, the Indonesian military comprised approximately 1.05 million personnel, including 400,000 active-duty members, 400,000 reserves, and 250,000 paramilitaries.
This comprehensive force structure allows Indonesia to maintain a robust defense posture across its extensive archipelago.
Militiaman: Iraq Dinar Update-Iraq Securities Exchange- Transform Iraq-Export Oil - Federal Court Guarantees -
Iraq Dinar Update-Iraq Securities Exchange- Transform Iraq-Export Oil - Federal Court Guarantees -
MilitiaMan and Crew: 10-2-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the newsโฆโฆ..
Iraq Dinar Update-Iraq Securities Exchange- Transform Iraq-Export Oil - Federal Court Guarantees -
MilitiaMan and Crew: 10-2-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the newsโฆโฆ..
Iraq Economic News and Points To Ponder Wednesday Evening 10-2-24
Government Advisor: No Concerns About Iraq's Financial Situation And Our Foreign Reserves Are Diverse
Time: 2024/10/02 {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured about the financial and economic situation of the country.
Saleh told Al Furat News Agency: "We should not worry about the current fluctuations in either monetary gold or the various foreign currencies that make up the country's foreign reserve portfolio, which varies from major foreign currencies and monetary gold, according to the global standard investment guidelines adopted by the monetary authority in high-level technical cooperation with multilateral international financial organizations, specifically the International Monetary Fund and the World Bank."
Government Advisor: No Concerns About Iraq's Financial Situation And Our Foreign Reserves Are Diverse
Time: 2024/10/02 {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured about the financial and economic situation of the country.
Saleh told Al Furat News Agency: "We should not worry about the current fluctuations in either monetary gold or the various foreign currencies that make up the country's foreign reserve portfolio, which varies from major foreign currencies and monetary gold, according to the global standard investment guidelines adopted by the monetary authority in high-level technical cooperation with multilateral international financial organizations, specifically the International Monetary Fund and the World Bank."
He explained, "Usually, the Central Bank of Iraq hedges in managing its sovereign investment portfolio with a studied and highly sensitive diversity and with standard ratios and precise weights for each foreign currency in addition to the monetary gold that makes up the foreign reserves, within the scope of what is called hedging against the risks of fluctuations in exchange rates of currencies and gold, which is a policy that expresses the efficiency of managing the country's investment portfolio and according to diversification in various foreign currencies and gold."
Saleh explained, "The decline in the market value of gold, for example, must be met with an increase in the value of the dollar or other foreign currencies through the management of the components of the foreign reserves portfolio itself, as diversification is an important pillar of the hedging policy in managing investments in foreign assets from fluctuations in foreign exchange rates and gold through diversifying the country's sovereign investment portfolio."
He pointed out that "the sovereign investment portfolio avoids what is called in the literature of accounting policy of central banks (unrealized losses) by immediately realizing (unrealized profits), which are the same unrealized profits that correspond to the unrealized losses resulting from fluctuations in gold or foreign currency prices at the same time."
He pointed out that "the availability of a good diversification policy, in the assets or holdings of the investment portfolio, is sufficient neutrality in maintaining the total market value of the country's foreign assets reserve and the stability of its value at all times." LINK
Minister Of Planning Chairs A Meeting To Study The Merger Of Two Companies Of The Ministry Of Commerce
Wednesday 02 October 2024 | Economic Number of readings: 169 Baghdad / NINA / Deputy Prime Minister - Minister of Planning, Mohammed Ali Tamim, chaired today, Wednesday, a meeting of the committee formed under the direction of the Prime Minister, to study the issue of merging two companies of the Ministry of Trade, in line with the state's economic vision.
According to a statement by the Ministry of Planning, the Chairman of the Advisory Board, Abdul Karim Al-Faisal, and the Prime Minister's advisors for economic, strategic and legal affairs, as well as the Director General of the General Company for Foodstuffs Trade at the Ministry of Trade, participated in the meeting.
During the meeting, the recommendations of the first meeting of the committee were discussed, the opinion of the Ministry of Trade in this regard, and the expected results of merging the Central Markets Company and the General Company for Foodstuffs Trade were studied, in accordance with the public interest and in a way that contributes to providing the best services to citizens. / End 8 https://ninanews.com/Website/News/Details?key=1159332
Iraq Calls On The Security Council To Exercise Its Role In Maintaining International Peace And Security
Wednesday 02 October 2024 19:22 | Politics Number of readings: 119 Baghdad / NINA / Iraq called on the UN Security Council to exercise its role in maintaining international peace and security, while warning against dragging the region into a comprehensive war.
he Iraqi representative to the United Nations, Abbas Kazim Obaid, said in a speech at the emergency session of the Security Council: "The failure to deter the Zionist entity opens the door to more crimes and drags the region into broad conflicts."
He added: "The Security Council must issue immediate and binding resolutions to cease fire."
The Iraqi delegate pointed out: "The war has entered a new phase that threatens more killing and displacement," indicating: "The failure to put an end to the crimes encourages the Zionist entity to persist in them." /
https://ninanews.com/Website/News/Details?Key=1159386
Oil Prices Rise As Attacks In Middle East Escalate
Economy | 02/10/2024 Mawazine News โ Baghdad Oil prices rose in early trade on Wednesday, on concerns that the Middle East conflict could turn into a wider war and disrupt oil supplies from its main producing region after Iran fired ballistic missiles into Israel. Brent crude futures rose more than $74.56 a barrel, while U.S. West Texas Intermediate crude rose 88 cents, or 1.26 percent, to $70.71 a barrel by 0029 GMT, down slightly from a rise of more than $1 earlier in the session. Both benchmarks jumped more than 5 percent in trading on Tuesday. ://www.mawazin.net/Details.aspx?jimare=255548
The Dollar Exceeds 153 Against the Iraqi Dinar
Economy | 02/10/2024 Mawazine News โ Baghdad The dollar exchange rate continued to rise against the dinar in local markets in Iraq today, Wednesday (October 2, 2024).
The exchange rate recorded 153,500 dinars per hundred dollars.
The exchange rates recorded this morning, Wednesday, in Baghdad were 152,500 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=255555
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Wednesday Evening 10-2-24
Good Evening Dinar Recaps,
MELD GOLD LAUNCHES GOLD AND SILVER-BACKED STABLECOINS ON XRP LEDGER, LEVERAGING NATIVE FEATURES
โช๏ธThe first transaction of tokenized gold and silver was made on the XRP Ledger on September 29 after Ripple and Meld Gold disclosed their collaboration months ago.
โช๏ธAccording to the original plan, two stablecoins fully backed by gold and silver were supposed to be fully rolled out in the third quarter of the year (Q3 2024).
In June, CNF reported a groundbreaking collaboration between Meld Gold and Ripple that was meant to deliver fungible gold and silver assets on the XRP Ledger (XRPL). On September 29, the first transaction on the mainnet finally went through, with the subsequent rollouts expected this month, October.
Good Evening Dinar Recaps,
MELD GOLD LAUNCHES GOLD AND SILVER-BACKED STABLECOINS ON XRP LEDGER, LEVERAGING NATIVE FEATURES
โช๏ธThe first transaction of tokenized gold and silver was made on the XRP Ledger on September 29 after Ripple and Meld Gold disclosed their collaboration months ago.
โช๏ธAccording to the original plan, two stablecoins fully backed by gold and silver were supposed to be fully rolled out in the third quarter of the year (Q3 2024).
In June, CNF reported a groundbreaking collaboration between Meld Gold and Ripple that was meant to deliver fungible gold and silver assets on the XRP Ledger (XRPL). On September 29, the first transaction on the mainnet finally went through, with the subsequent rollouts expected this month, October.
๐จ JUST IN: MELD GOLD CONFIRMS TOKENIZED GOLD ON $XRP LEDGERโFirst transaction went through yesterday and a further rollout will happen through October.โ โ @meldgold ๐Meld Gold will release two new stablecoins on XRP Ledger, backed by Gold & Silver.
Each token willโฆ https://t.co/HmYs3tsVnM pic.twitter.com/wAUgCaXnMMโ Good Morning Crypto (@AbsGMCrypto) October 1, 2024
Drawing insight from our previous publication, the collaboration between Meld Gold and Ripple primarily sought to enable greater access, efficiency, and utility to Real-World Assets (RWAs).
The plan was to offer institutional-grade functionality and built-in features to ensure more secure, efficient, and scalable financial services and use cases.
According to our press release review, the original plan was to release two new stablecoins on the XRPL backed by gold and silver. Specifically, each token was reported to represent 1kg of these metals that leading custody providers would hold โ MKS Pamp and Imperial Vaults.
In that report, Meld Gold CEO Michael Cotton disclosed that his team is very well-versed in every component of the supply chain and would contribute massively to the expected RWA revolution.
Our team of industry experts has deep experience in every component of the supply chain, from origination, certification, and logistics, to storage and insurance.
Our passion for disrupting and advancing digital ownership is ideal for the coming RWA revolution. This is the industry, delivering the systems only they could design, to bring the physical world on-chain.
What Meld Gold Seeks to Achieve with XRPL Integration
According to Meld Gold, its offer of the worldโs most accepted assets on-chain would certainly redefine the XRPLโs Decentralized Finance (DeFi) ecosystem.
With this, both new and old users would leverage the XRPLโs native features, which include Decentralized Exchange (DEX) and Automated Market Maker (AMM).
Over the years, Meld Gold has closely worked with precious metals in its quest to provide infrastructure for a successful transition of assets on-chain. According to a blog post, with the first transaction reportedly successful, the subsequent months are expected to witness additional upgrades.
This would include the โimplementation of patent-pending work on minimized trust systems for connecting physical items to the blockchain.โ
Utilizing blockchain technology offers significant advantages, such as immediate global accessibility, simple and secure ownership accountability, and standardized data rails for interoperability and velocity.
A key component, often overlooked, is how the assets are connected to the blockchain and precisely how they are accounted for. Precious metals, being physical assets, always require trust, but minimizing this to only the required level is crucial.
Recently, Ripple announced that its yet-to-be-launched RLUSD stablecoin on the XRPL has reached an advanced phase, with 99% of its total supply minted. As we reported, 800,000 new tokens have been created after 100,000 tokens were generated several months ago.
@ Newshounds Newsโข
Source: Crypto News Flash
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RIPPLE UNVEILS SIMPLIFIED VAULT AND LENDING UPDATES ON XRP LEDGER
โช๏ธRipple simplifies asset management on the XRP Ledger with updates to the Vault and Lending Protocols.
โช๏ธMeld Gold partners with Ripple to introduce tokenized gold and silver assets on the XRP Ledger.
In a tweet, Ripple has announced significant improvements to its Vault and Lending Protocols, paving the way for more efficient and user-friendly operations on the platform. These modifications are part of a larger goal to improve asset management and lending operations in the XRP Ledger (XRPL) ecosystem, which benefits both developers and users.
Streamlined Asset Management and Lending on the XRP Ledger
According to the statement, the XLS-65d Single Asset Vault (SAV) has been significantly redesigned, reducing its structure to increase overall efficiency. The revised design removes two previously required transactions, allowing the Vault to store assets directly.
This update is designed to make asset management faster and more cost-effective for users by eliminating unnecessary processes that previously hindered the process.
Meanwhile, the XLS-66d Lending Protocol has been revised to reflect these Vault modifications. Previously, users had to go through many processes to deposit and redeem assets, but the revised protocol eliminates these extra steps completely.
This streamlined approach greatly minimizes friction for users, resulting in a more seamless lending experience inside the XRPL ecosystem.
One of the primary points mentioned by Ripple is its compliance-first strategy. Both the Vault and Lending Protocol improvements are intended to simplify and integrate Clawback and Freezing requirements.
These modifications ensure that the protocol complies with industry rules while also making it easier for users to traverse the platform. By tackling these regulatory concerns square on, Ripple hopes to boost trust in its ecosystem, particularly among institutional users looking for a compliant blockchain solution.
In addition to Rippleโs recent improvements, the XRP Ledger is evolving through collaboration and innovation. According to a prior CNF report, Meld Gold has teamed with Ripple to launch tokenized assets representing gold and silver on the XRPL.
The initial objective is to introduce two stablecoins backed by these precious metals, which will increase the XRP Ledgerโs use cases. This move is a huge step forward in integrating real-world assets to the blockchain, giving consumers a concrete connection to gold and silver while remaining inside the XRPLโs decentralized infrastructure.
On the other hand, as we previously noted, Xaman Wallet version 3.0 has added a revenue-sharing model to help XRPL developers and improve the whole ecosystem.
The most recent upgrade includes several important features, including a threshold-based paradigm, universal transaction signing, and increased developer and user accessibility. These upgrades aim to make the XRPL ecosystem more accessible and developer-friendly, fostering innovation and growth.
Meanwhile, as of writing, XRP is trading at $0.6014, down 3.18% over the last 24 hours. This fall has taken XRPโs market cap back under $35 billion.
@ Newshounds Newsโข
Source: Crypto News Flash
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EXPLAINED TOKENOMICS - WHAT IS TOKENOMICS AND WHY DOES IT MATTER? | Youtube
@ Newshounds Newsโข
Source: Seeds of Wisdom Team RV Currency Facts
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Wednesday Evening News With MarkZ 10-2-2024
Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening fellow hopium addicts.
Member: Already looking toward the weekend.
Member: Iraqs Independence Day 10/3. Letโs Go!
Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening fellow hopium addicts.
Member: Already looking toward the weekend.
Member: Iraqs Independence Day 10/3. Letโs Go!
MZ: There is some good stuff out of Iraq today. โ Parliamentary conquest reveals an agreement to pass two controversial laws todayโ this is very important news. This is the personal status law and the Return of real estate to its owners covered by some decisions of the dissolved revolutionary command council law. This is like historic settlementsโฆ.Think of them as the same as our Farm Claims settlements . These are settlements for other things that we were told we would see right before they do the dinar change in value.
MZ: For me this is huge. Think of this as almost the same as our historic bonds, fines and penalties, farm claims . To me this shows us how close we are.
MZ: โFinance Committee: Discussion of 2025 budget tables will begin next monthโ That is November. Why is that important? The rate. They are still settling out 2024 and 2023โฆ.now suddenly they are going to be ready for 2025 and its tables? I believe this tells us we will soon have a rate in order for them to fix those tables
Member: Frank26 implied November is our monthโฆ
MZ: From the bond side: Nothing has changed since this morningโs news. They are still very upbeat but a number of them are not expecting their full funds until next week. This doesnโt mean things are not moving or that we might see something before then.
MZ: Bankers are pretty quiet today. CMKX have updated their fines and penalties but they have not been given any kind of notice on what to expect. But they are staying at a constant stage of โreadyโ right now.
MZ: One of you sent me this article from May of last year. Well timed. โ How Wells Fargo is becoming Quantum -Readyโ So when you walk into WF and ask them if they are getting ready for the Quantum financial system? If they look at you as if youโre smoking crackโฆ..hereโs an article right off of Wells Fargoโs website. They constantly tell us we are full of it and in the meantime- they are doing it.
MZ: Just like Chase always saying they have nothng to do with Iraqโฆbut in the meantime they are opening 10 branches in Iraq while working with them to update their banking system. .
Mark, THE SEC appealed the ruling on the XRP case today, do we need XRP to be free and clear before Iraq can RV/RI? Thatโs what the ongoing theory is, so thatโs why I ask
MZ: No , but it makes one heck of a distraction.
Member: Lots going down ... interesting timing ... RV ... RV ... RV ..
Heavenly Father, we are praying for all those affected by Hurricaneโs devastation, from the Gulf Coast to Tennessee. We pray especially for the injured and relief workers and for the restoration of communications throughout the region, to facilitate the vital life saving work that is underway
Member: Thanks to allโฆ.everyone have a blessed night.
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 MARKZโS 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 streamโฆ.I do not transcribe political opinions, medical opinions or many guests on this streamโฆโฆjust RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Economistโs โNews and Viewsโ Wednesday 10-2-2024
BE CAREFUL! This Is Serious - The Crash Will Be WORSE Than 2008 - Chris Vermeulen
Finance Flow: 10-1-2024
America's slowing job market is weighing heavily on consumer sentiment. The latest survey from the Conference Board reveals that Americans have become significantly more pessimistic about the current state of the U.S. economy and the future of the job market.
Adding to these concerns are exceedingly high debt levels across major global economies, increasing the likelihood of not just one but potentially multiple debt crises ahead. In the U.S., the Congressional Budget Office projects that the debt-to-GDP ratio will surpass 150% by 2034, up from the current 98%, pushing the nation's debt to its highest level in history.
BE CAREFUL! This Is Serious - The Crash Will Be WORSE Than 2008 - Chris Vermeulen
Finance Flow: 10-1-2024
America's slowing job market is weighing heavily on consumer sentiment. The latest survey from the Conference Board reveals that Americans have become significantly more pessimistic about the current state of the U.S. economy and the future of the job market.
Adding to these concerns are exceedingly high debt levels across major global economies, increasing the likelihood of not just one but potentially multiple debt crises ahead. In the U.S., the Congressional Budget Office projects that the debt-to-GDP ratio will surpass 150% by 2034, up from the current 98%, pushing the nation's debt to its highest level in history.
Chris Vermeulen of The Technical Traders, speaking with Liberty and Finance, shares his insights on the current market, suggesting that a significant decline may be on the horizon as the stock market shows signs of topping out.
He points to several warning signals, including worsening economic data, rising unemployment, maxed-out business sales, skyrocketing credit card debt, and increasing mortgage delinquencies in both commercial and residential sectors. Vermeulen believes these are typical indicators of a Stage 3 market environment, where underlying issues begin to worsen before becoming more visible.
More stocks are joining the S&P 500's recent surge to record highs, easing earlier concerns that the 2024 rally was primarily driven by a few giant tech companies.
The index is on pace to gain 5% in the third quarter, which ends on Monday. This time, however, optimism surrounding the Federal Reserveโs rate cuts is encouraging investors to move into regional banks, industrial companies, and other sectors poised to benefit from a stronger economy and lower interest rates, in addition to the tech stocks that have already seen significant gains this year.
Despite this positive momentum, Chris Vermeulen warns of several concerning signs that suggest the stock market is beginning to break down, even though the indexes continue to perform well. He foresees a potential correction of 30%, 40%, or even 50%, noting that the 2022 pullback of around 25% was just a precursor to what might be coming.
The Federal Reserve began its first rate-cutting cycle in four years earlier this month with a 50-basis point reduction, a move that Chairman Jerome Powell described as a measure to protect a resilient economy. According to LSEG data, traders are giving equal odds for another large rate cut when the Fed meets again in November, and they are forecasting over 190 basis points of cuts by the end of 2025.
Several sectors of the stock market are benefiting from the expectation of lower rates and stable growth. The S&P 500โs industrial and financial sectors, considered among the most sensitive to economic shifts, have gained 10.6% and nearly 10%, respectively, in the third quarter.
Chris Vermeulen explains that even if the Federal Reserve continues to cut rates, as it did during the 2008 financial crisis, it won't necessarily save the stock market. He notes that during times of panic, investors often rush to sell their portfolios, particularly those trading on margin, which forces brokers to execute sales regardless of rate cuts.
This selling pressure, driven by fear and forced liquidations, can overwhelm any potential positive impact from the Fed's rate cuts.
'I'll Cripple You': Port Workers Strike, Will Inflation Spike? | Brian Belski
David Lin: 10-2-2024
Brian Belski, Chief Investment Strategist of BMO Capital Markets, discusses the port worker strikes, escalating tensions in the Middle East, and where the S&P 500 going to close by year-end.
0:00 - Intro
1:10 - ILA dock strikes
6:24 - Inflation outlook
8:40 - Crude oil
10:49 - Middle East tensions
13:30 - S&P 500 outlook
18:35 - Stock market valuations
20:30 - Sector preferences
24:34 - Canadian stock market
Chinese Yuan Overtake US Dollar: What's Going On?
Fastepo: 10-1-2024
China has escalated its economic rivalry with the United States, this time taking direct aim at the U.S. dollar. In recent months, Chinese financial institutions have significantly increased their short positions against the American currency, betting on its decline.
Estimates suggest that Chinese banks have allocated over $100 billion toward these positions, positioning themselves to profit from any devaluation of the dollar. The strategy revolves around sophisticated financial instruments, particularly foreign exchange swaps, which allow Chinese banks to effectively "short" the dollar.
This maneuver enables these banks to benefit from shifts in currency values. In practice, Chinese institutions swap yuan for dollars at a predetermined rate. Should the dollar depreciate by the contractโs end, the American counterpart owes more yuan, generating gains for the Chinese bank.
These activities have grown substantially, with state-run Chinese banks reportedly building up more than $100 billion in short positions by 2024.
The tactic has been deployed as part of broader efforts to stabilize the yuan without exhausting China's foreign reserves. This currency strategy is driven by the mounting pressure on the yuan, which has been weakened by both the Federal Reserve's hawkish policies and a cooling Chinese economy.
By engaging in these swaps, Chinese banks have been able to secure returns during periods of market volatility, sometimes reaping returns of up to 6% for traders involved in these deals.
Bruceโs Big Call Dinar Intel Tuesday Night 10-1-24
Bruceโs Big Call Dinar Intel Tuesday Night 10-1-24
Transcribed By WiserNow Emailed To Recaps
Music. Welcome everybody to the big call tonight. It is Tuesday, October 1, and you're listening to the big call wherever you're tuned in from globally - We hope that we're reaching you. We hope that you're hearing the big call live, as most of our international audience has listened to it in the past, and we thank you for tuning in once again. We have a lot to share tonight on the call. So stay tuned and stay ever vigilant and ready for prayer and praise. So thank you so much everybody for being here tonight, wherever you are, if you are in the damaged areas from Hurricane Helene. We thank you for tuning in. We getting a signal out so everybody can hear it So letโs pray the call in -
Well, thank you, Bob. Let's get into where we are and where we believe we are, as far as the Intel goes.
Tonight is a little bit different in the sense that they're not a whole lot, but the three intel sources that we hear from today are all on the same page, and that's always encouraging to me.
Bruceโs Big Call Dinar Intel Tuesday Night 10-1-24
Transcribed By WiserNow Emailed To Recaps
Music. Welcome everybody to the big call tonight. It is Tuesday, October 1, and you're listening to the big call wherever you're tuned in from globally - We hope that we're reaching you. We hope that you're hearing the big call live, as most of our international audience has listened to it in the past, and we thank you for tuning in once again. We have a lot to share tonight on the call. So stay tuned and stay ever vigilant and ready for prayer and praise. So thank you so much everybody for being here tonight, wherever you are, if you are in the damaged areas from Hurricane Helene. We thank you for tuning in. We getting a signal out so everybody can hear it So letโs pray the call in -
Well, thank you, Bob. Let's get into where we are and where we believe we are, as far as the Intel goes.
Tonight is a little bit different in the sense that they're not a whole lot, but the three intel sources that we hear from today are all on the same page, and that's always encouraging to me.
If I get one or two or three that confirm what each other are saying, or they have something that says, Yes, that's what we heard.
And we don't necessarily put these people up against each other at all, but we take each one with their own individual reports, and then we compare and see whether or not there's confirmation in what one is saying compared to another. And so itโs a pretty simple report tonight, we sometimes start with talking about the bond holders. You can remember, we've used the term shotgun start many times on the big call.
And a true shotgun start in golf, for example, is where you load up all 18 holes of a golf course for tournament with foursomes and then somebody pulls the trigger, not on a true shot starting pistol, with a blank in it , and boom, everybody in the golf course, here's the shot, go off, and they all start teeing up at the same time โ that is what a shotgun start is for golf - And it applies to if you look at a swim meet, you know these are pistol with the starting line or the starting blocks.
In some cases, they'll use a silent or something different. But point is, it's a simultaneous start. Now what we're hearing about a shotgun start is pretty interesting, because we could get a true, shotgun start, or it could be a slightly staggered start - here's what I mean by that, the bond holders are supposed to be notified over night tonight or tomorrow morning, and that notifies them that They have money in their accounts, and they can begin gaining access to those funds in their accounts.
Now we are in a different situation because the bond holders for the most part have already ponied up their bonds, had them adjudicated, had them, you know, gone through provenance and all that stuff, and they set up their accounts already, so it's just a matter of them getting access to the funds in their accounts. That's tier three. We're in tier four, and we've divided it into tier four, A and B, but Wells Fargo, sees it all as tier four, all right, that's fine.
In our case, weโre hearing we're supposed to be notified overnight, tonight or tomorrow.
May not be tomorrow morning, but it could very well could be tomorrow morning. I've actually heard one source that said, after 9:30 in the morning, maybe that is when it comes out, maybe its between 9:30 and noon โ maybe itโs who knows when?
Obviously, we'll take it any time, and if it comes out that we get our notification overnight and wake up to them in the morning and see our emails and log in, we'll be good to go and get our appointment set and go from there.
Now, one thing that's interesting the call centers. Remember, it's important that we separate call center from redemption Center.
Call Center is where we have the 800 number in an email from Wells Fargo specifically sent to us that we call to set up our appointments - my understanding is that the call centers are automated. They are not staffed by people but they will direct us to the call centers using AI, I guess, and direct us to the redemption Center, that is closest to our zip code that we indicated, and by that we will go, and then we will speak to a live human being, a person at the redemption center most likely that will be helping us exercise our exchange that will be most likely, that will be what most likely will happen, and then we'll get a specific details or any specific information that we need to tell that person, like, oh, by the way, I just wanted you to know I have sheet bonds to exchange or redeem, actually redeem, and they'll allow extra time for that. If you have sheet bonds, or a box of bonds - they can supposedly take two boxes of bonds at the redemption center
Now, even though our zim is considered like a bearer bond they are still considering it for currency when it comes to what we're exchanging, we're redeeming the Zim and we're exchanging the currencies.
There are nine currencies as of yesterday that were on the screens fully lit up with rates, that we will actually be able to see and that is the amount that's been narrowed down to currencies that will go up substantially in value.
There are more, and I think more currencies will be on the screens, but bank and redemption center screens, but it's important to know that the ones most likely we have will be are already there and are already lit up, and when the rates came back up Sunday, which is what two days ago, Sunday evening, at five o'clock Eastern time, that's when the Forex came back up. That's when the new rates showed up, and they actually manifested on our bank and redemption center screens on Monday, Monday morning, yesterday.
So today, Tuesday night, we're looking for our exchange to get started. We're looking for our notifications come out and you realize something that I confronted one of my Intel sources today with, and you guys know, I can get a little bit โฆโฆ well anyway,
What we talked about was how can we help the people that have been tragically affected by this hurricane Helene if we don't have the money to really do any good -- after the exchanges and the redemption of Zim, we would like to be able to help these people.- as part of Rebuild America because
that's exactly what they're doing. And I'm talking about start from the from the south, start from Florida. Okay, start in Florida where Bob is and Trish is, and then go from Florida on up and include parts of costal Georgia, yes, and maybe not even coastal. It could be as far in as Atlanta.
There's, there are areas that need attention โ let me put it that way โ maybe not upp to speed on Georgia as much as I should be. And then you've got and even Georgia has some up country, to Hill Country, up country. And then you go to South Carolina. And that's up countries, what they refer to it as Aiken,South Carolina, all those towns, let's call it lower Appalachian Mountains, which go through South Carolina. And I don't know how far down that goes.
I know interstate 26 had a major landslide over at least part of it with boulders and earth and everything. And I've been up that interstate, you know, many times, and it's a great road.
And then I 40, interstate 40, you know, goes all the way through NC and see, and then so you've got North Carolina, which is over near Boone. And I heard Boone had 20 inches of rain in Boone and Blowing Rock and Banner Elk - l probably at the base of sugar mountain. And who knows how these humors are going to do? Because I imagine there's major or knows what's going to be like.
But those areas. Have you ever heard of a bat cave, North Carolina, Nashville, of course, think of Maggie Valley. Somebody tell other areas, and North Carolina - those areas need a lot of help.
And, you know, guys, I know we all want to help. I want to help. I want to get rebuild America behind it. We're going to take a look at a go funding page that has already been set up. I believe it was Jared Kirschner that set that up when it's going to support with it.
Maybe learn a little bit more about it and but I know post exchange, I don't want anybody level to do anything now, but we'll be able to get some things, and this is a long term thing, this is two weeks, this is months, if not a couple of years, to get some of these areas back like they used to be and nothing's going to be like it used to be.
So that's what I wanted to bring tonight. I guess I covered more that last portion than I had thought it would, but I know that we'll be in touch, and you'll be in touch with us by email.
We don't want anybody respond to this yet, but we will have new websites put up new URLs. We've already got them on reserve.
Other than that, that's really good. And so far, we've got our international partners and our center leaders and bank bond leaders. They're all investing receiving our emails overnight, tomorrow, and about this is we should have to be right alongside our bondholder friends into your so we should have Nobody should have any unfair advantage over anybody else.
Okay, so keep that in mind, and we will communicate with you by email to make sure we have yours. I'll be talking to people about America and look where's our first place to go. We haven't forgot about Ohio.
Talked about it today and but right now, our concern is from, really, from southwestern Virginia all the way down to where Bob is in
All right, so let's do that, everybody, let's keep an eye on our emails tomorrow. Let's see when, if they show up in morning, or if they show up the daytime, whichever. We all said, Okay, enjoy. Everybody can breathe, right? Okay, and then we'll, we'll turn off the recording,
Bruceโs Big Call Dinar Intel Tuesday Night 10-1-24 REPLAY LINK Intel Begins
Bruceโs Big Call Dinar Intel Thursday Night 9-26--24 REPLAY LINK Intel Begins 1:00:40
Bruceโs Big Call Dinar Intel Tuesday Night 9-24-24 REPLAY LINK Intel Begins 56:36
Bruceโs Big Call Dinar Intel Thursday Night 9-19--24 REPLAY LINK Intel Begins 1:11:30
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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 10-02-24
Good Afternoon Dinar Recaps,
RIPPLE ISSUES AN IMPORTANT WARNING FOR ITS UPCOMING STABLECOIN: DETAILS
โช๏ธRipple cautioned users to beware of fake claims that its stablecoin is live.
โช๏ธThe SEC labeled the product as an unregistered asset, adding to its ongoing legal disputes with the company.
XRP Army Beware
Earlier this year, Ripple announced it will launch a stablecoin pegged 1:1 to the American dollar. It will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum. According to CEO Brad Garlinghouse, the product could serve as a bridge between the cryptocurrency industry and traditional finance, while numerous analysts believe its eventual launch could positively impact XRPโs price.
Good Afternoon Dinar Recaps,
RIPPLE ISSUES AN IMPORTANT WARNING FOR ITS UPCOMING STABLECOIN: DETAILS
โช๏ธRipple cautioned users to beware of fake claims that its stablecoin is live.
โช๏ธThe SEC labeled the product as an unregistered asset, adding to its ongoing legal disputes with the company.
XRP Army Beware
Earlier this year, Ripple announced it will launch a stablecoin pegged 1:1 to the American dollar. It will be called RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum. According to CEO Brad Garlinghouse, the product could serve as a bridge between the cryptocurrency industry and traditional finance, while numerous analysts believe its eventual launch could positively impact XRPโs price.
Last week, Rippleโs team minted over 800,000 RLUSD on XRPL and Ethereum, representing 99% of the total supply. This caused speculation that the stablecoin is already live.
The company, though, assured it is still in the private beta testing phase. It also cautioned users to beware of dubious individuals who claim the opposite.
Numerous X users thanked Ripple for the heads up. The popular community figure Vet was among those reacting below the post, saying:
โUnfortunately, a necessary PSA. Even accounts with a gold checkmark are impersonating and scamming people. Definitely stay vigilant, and the best thing is to do nothing, donโt click any links, and wait for official sources.โ
Controversy With the SECโฆ Again
Rippleโs plans to introduce a stablecoin caused huge excitement in the cryptocurrency space. However, it was not welcomed by everyone, with the US Securities and Exchange Commission (SEC) describing it as a โnew unregistered crypto asset.โ
This is not the first quarrel between the entities. To the uninitiated ones, the SEC sued Ripple in December 2020, accusing it of conducting an unregistered securities offering by selling XRP tokens. The case passed through numerous developments over the years, reaching an important milestone in August 2024.
Back then, Judge Torres determined that the sales of XRP on secondary markets to retail investors did not constitute securities transactions. Nonetheless, she ordered Ripple to pay $125 million for violating certain securities laws.
The figure represents a massive discount on the $2 billion initially sought by the regulator, causing many to declare the ruling a major Ripple victory. Both parties have until October 7 to appeal, and the SEC seems more likely to do so.
Over the past few weeks, there have been increased rumors about such a potential scenario. American lawyer Fred Rispoli, for example, thinks the chance for an appeal is 60%.
@ Newshounds Newsโข
Source: CryptoPotato
~~~~~~~~~
WILL ADA PRICE REACH $0.5 AS CARDANO MIDNIGHT TESTNET GOES LIVE?
The long awaited testnet for Cardano privacy protocol Midnight Network is finally out, potentially setting ADA price for new rally
โช๏ธCardano Midnight testnet has gone live after months of development
โช๏ธThe testnet is only available to developers for now
โช๏ธADA price, down in downtrend may benefit in the long term
Cardano has entered the spotlight again with the Midnight Protocol testnet, a trend that may bode well for ADA price. Per the latest update, the Midnight protocol announced that its long-awaited testnet is now live for developers.
The Cardano Midnight Testnet โ Key Note To Developers
Cardano first introduced the Midnight Protocol as its privacy solution in 2023. Since then, the team has invested time in developing it in readiness for full rollout. As announced, the testnet will test out important features that can guarantee a stable Sandbox environment for the protocol.
With Midnight, developers will have the opportunity to build functional applications. While many alternative protocols exists that can offer this capability, with Midnight, userโs sensitive data are protected. The goals of the testnet are limited and it aims to create a simulation of a full mainnet launch.
To achieve this testnet function, the Cardano protocol said it โhas expanded its capabilities and hardened the networkโs codebase to reduce the need for regularly scheduled chain resets when upgrading.โ
For developers who plans to participate in the testnet can help build applications in the sandbox environment. Beside this, they can help discover data protection capabilities, and influence the network. Ultimately, the overall enhancement will bolster Cardano as a protocol and ADA price in the long run.
@ Newshounds Newsโข
Read more: CoinGape
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UK OPENS APPLICATIONS FOR DIGITAL SECURITIES SANDBOX
In January new legislation came into force in the UK supporting a five year Digital Securities Sandbox (DSS) which temporarily relaxes some legal requirements to explore new technologies including DLT experimentation. Today the Bank of England and Financial Conduct Authority (FCA) opened applications for the sandbox.
In traditional markets, trading is conducted on an exchange and settlement via a central securities depository (CSD). DLTs are designed to combine the two functions and the sandbox supports that.
The bank emphasized that the rules in the DSS are flexible, allowing the regulators to make adjustments as they learn more. Financial instruments considered in scope include equities, corporate and government bonds, money market instruments such as commercial paper and certificate of deposits, fund units and emissions allowances. Derivatives and cryptocurrencies are excluded.
The regulators published guidance, a policy statement and an application form.
โThe DSS lays the foundation for market participants to realise these benefits (of digital securities) in a safe, regulated environment and importantly, puts the UK in a strong leadership position when it comes to tokenisation,โ said Quant CEO Gilbert Verdian.
โWith the EU having already launched its DLT pilot regime, it is vital that the UK does not fall behind in this new era of digital finance.โ
That said, the DLT Pilot Regime hasnโt exactly gotten off to a flying start. More than 18 months have passed since the legislation came into force and regulators have not yet approved any applications. However, thatโs expected to change soon.
Digital Securities Sandbox rule changes
The Bank of England and FCA ran a consultation for the Digital Securities Sandbox, which closed in late May.
The regulators specified activity limits for the sandbox, the topic that attracted the most feedback from the consultation.
The global asset class figures remain unchanged (for the most part). However, the limits for individual firms have become more flexible.
Regarding fund management, in contrast to other asset classes, the regulators will not impose an aggregate limit on fund tokenization activity in the DSS.
Foreign currency assets now in scope
One of the most notable changes is the expansion of scope to include other currencies, such as euros and dollars. The regulators will specify global limits for these currencies, which will be in addition to the sterling limits. However, limits on individual firms will account for all currencies.
Regarding settlement, there isnโt a lot of movement. Stablecoins are still ruled out, with central bank money settlement considered the default. The Bank of England highlighted the availability of the omnibus bank account facility (as used by Fnality) and that itโs working with industry on an RTGS synchronization settlement facility.
It said there was a possibility of wholesale CBDC experiments, but it didnโt make any promises. Settlement in commercial bank money is allowed, although it must be justified.
With long delays for approval under the EUโs DLT Pilot Regime, the regulators outlined expected timeframes. Banks that apply now can potentially be live by February 2025. go-live will probably be November 2025 or later. Other FMIs are somewhere in between.
@ Newshounds Newsโข
Read more Ledger Insights
~~~~~~~~~
๐ Managing Sudden Wealth Through Smart Team Building Bob Lock | Youtube
@ Newshounds Newsโข
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
More News, Rumors and Opinions Wednesday Afternon 10-2-2024
Mr. Pool, [10/1/2024
๐๐ค๐ช ๐จ๐๐ค๐ช๐ก๐ ๐๐ ๐๐ญ๐๐๐ฉ๐๐ ๐๐จ ๐ฉ๐๐ ๐ง๐๐จ๐ฉ ๐ค๐ ๐ฎ๐ค๐ช๐ง ๐ก๐๐๐ ๐๐จ ๐จ๐ฉ๐๐ง๐ฉ๐๐ฃ๐ ๐ฉ๐ค๐๐๐ฎ.
โข Banks are in check.
โข Government is in check.
โข Wall Street is in check.
โข Ports are in check.
Mr. Pool, [10/1/2024
๐๐ค๐ช ๐จ๐๐ค๐ช๐ก๐ ๐๐ ๐๐ญ๐๐๐ฉ๐๐ ๐๐จ ๐ฉ๐๐ ๐ง๐๐จ๐ฉ ๐ค๐ ๐ฎ๐ค๐ช๐ง ๐ก๐๐๐ ๐๐จ ๐จ๐ฉ๐๐ง๐ฉ๐๐ฃ๐ ๐ฉ๐ค๐๐๐ฎ.
โข Banks are in check.
โข Government is in check.
โข Wall Street is in check.
โข Ports are in check.
โข The entertainment industry is in check.
โข The Legal system is in check.
All of this is happening today and will have ripple effects for decades to come. And you will for the 1st time in history witness it all in real-time and see accountability unfold.
There will be no more getting over on the American people. Your country will shift towards programs that serve you above all else or else. And that's the way it is going to be for the next few centuries or more.
We deserve it. You deserve it. Your children and their future deserve it. But the only way to solidify this is to hear from witnesses what Law & Order can do for a country under siege. This will be the stamp of approval.
This is what will give us confidence in our new system. This is what will allow us to make sound decisions that reflect reality as it is supposed to be. No more hanky-panky under the table at our expense. And you should feel very satisfied about that for many reasons.
๐ฝ๐๐ฃ๐ ๐จ ๐ค๐ฃ ๐ ๐๐๐๐จ๐: No more reckless speculation or shady under-the-table deals. For the first time in modern history, the banking system is being held accountable. Gone are the days when Wall Street fat cats could manipulate your savings for their own gains. The gold-backed system will guarantee your hard-earned wealth is protected by real value, not inflated promises.
๐ผ ๐๐ค๐ซ๐๐ง๐ฃ๐ข๐๐ฃ๐ฉ ๐๐๐๐ฉ ๐๐ค๐ง๐ ๐จ ๐๐ค๐ง ๐๐ค๐ช: The era of government inefficiency, waste, and corruption is coming to a close. No more secret deals or hidden agendas that favor a select few. Instead, programs and policies will focus on serving YOU, the citizen, above all else. Every law, and every initiative, will be crafted with your well-being in mind, ensuring you and your family prosper in a system designed for the people, by the people.
๐๐๐ก๐ก ๐๐ฉ๐ง๐๐๐ฉโ๐จ ๐ฟ๐๐ฎ๐จ ๐ค๐ ๐๐๐ฃ๐๐ฅ๐ช๐ก๐๐ฉ๐๐ค๐ฃ ๐ผ๐ง๐ ๐๐ซ๐๐ง: The financial elites are finally being put in check. No longer will Wall Street have the power to rig markets or siphon wealth from the middle class. The rise of decentralized, asset-backed systems like tokenized gold ensures that real value is driving the market, not fabricated bubbles. Youโll have the power to invest in real assets, knowing the market can no longer be rigged against you.
๐๐ค๐ง๐ฉ๐จ ๐๐ก๐ค๐ฌ๐๐ฃ๐ ๐ฌ๐๐ฉ๐ ๐๏ฟฝ๏ฟฝ๐ฉ๐๐๐ง๐๐ฉ๐ฎ: The East Coast port strike has opened the door to transparent and equitable supply chains. The days of backroom deals that created shortages and price hikes are over. Goods will now flow through the ports with fair labor practices, ensuring both workers and consumers benefit from a system built on trust and cooperation. You will finally see the true cost of goods reflect the value of fair and honest trade.
๐๐ฃ๐ฉ๐๐ง๐ฉ๐๐๐ฃ๐ข๐๐ฃ๐ฉ ๐๐ฃ๐๐ช๐จ๐ฉ๐ง๐ฎ ๐๐๐ซ๐ค๐ก๐ช๐ฉ๐๐ค๐ฃ๐๐ฏ๐๐: Hollywoodโs darkest secrets are being dragged into the light. The fall of major entertainment figures signals a new chapter where art, media, and culture will reflect truth and integrity. No more glorification of toxic behaviors or exploitation hidden behind the glamor of fame.
๐๐๐๐ก-๐๐๐ข๐ ๐ผ๐๐๐ค๐ช๐ฃ๐ฉ๐๐๐๐ก๐๐ฉ๐ฎ: For the first time in your life, you will witness justice unfold in real-time. From government officials to banking moguls and entertainment elites, those who have acted in secrecy or malice are now being held accountable. You will see laws applied equally and fairly, no more playing favorites.
๐ผ ๐๐ช๐ฉ๐ช๐ง๐ ๐๐ค๐ง ๐๐ค๐ช๐ง ๐พ๐๐๐ก๐๐ง๐๐ฃ: The changes happening today will reverberate for centuries. These shifts arenโt just for usโtheyโre for future generations. Your children and grandchildren will inherit a world where truth, integrity, and fairness form the foundation of society. Theyโll grow up in a country where opportunity and justice are the norm, not the exception.
๐๐๐ ๐๐๐ฉ๐ช๐ง๐ฃ ๐ค๐ ๐๐๐ฌ & ๐๐ง๐๐๐ง: The era of chaos is ending, and in its place is a society governed by fair and just laws. This is the foundation of the New Republic, where no one is above the law, and every citizen is protected by the same set of rules. This will give you the confidence to make decisions knowing they are rooted in reality, and that the system will uphold what is fair and right.
Historic things are happening today. And it's not even 11:00 yet. Julian Assange just exposed Mike Pompeo. Naming those names you all want to hear. But I doubt that will be all of course. Because at some point that celebrity that is on that P. Diddy tape will come out and the world will be quite surprised. This is when I think the panic will really set in for the rest of Hollywood.
But of course, we all are just getting our morning started. And I do not want to keep your time here away from everything that will be going on today by making this post longer than what it needs to be. We have some headlines to catch up to right? So go and enjoy your day and I will be back with some updates.
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Ariel (@Prolotario1): Hold onto your Iraqi Dinars
10-2-2024
Hold your Iraqi Dinars people.
If they decide to release the rate on their independence day I will not be upset.
If they decide to release the rate on Halloween I will not be upset.
If they decide to release the rate on Thanksgiving I will not be upset.
If they decide to release the rate on Christmas day I will not be upset.
If they decide to release the rate on News Years day I will not be upset.
Why?
Because they told you officially that they only have 5% remaining in their monetary reforms. And they told you they are aiming to finish this before the end of the year.
Relax.
Source(s):
https://x.com/Prolotario1/status/1841165415172461052
https://dinarchronicles.com/2024/10/01/ariel-prolotario1-hold-onto-your-iraqi-dinars
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Protesters...are Iranian...they infiltrate Iraq because of what's going on. They want money. They don't want to lose Iraq so they try to protest and they try to create chaos, they try to slow things down. They want to retard the process. It's not working. I don't think it's going to work...
Mnt Goat I am telling you that I know with 1000% certainty we will NOT see the RV until after the Nov 5th voting...In a conversation with my CBI contact on Saturday I was told that if all goes well in the US elections, we can expect to see the preparation gearing to the reinstatement by the start of the project to delete the zeros and the swap out of the larger notes for the smaller denominations. I was told this is now planned to begin shortly after the voting is over and the winners are announced. I was told we might have to wait for the inauguration ceremony to conclude to see the reinstatement occur.
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The US DOLLAR And The US ECONOMY Is In An IRRECOVERABLE TAILSPIN. No Way To Stop It.
Greg Mannarino: 10-2-2024
What OPEC And BRICS Just Announced Is About To Send The Entire Energy Market Into A Frenzy
What OPEC And BRICS Just Announced Is About To Send The Entire Energy Market Into A Frenzy
Tech Revolution: 10-2-2024
These days, the world is changing fast, especially when it comes to how countries are teaming up over energy. The partnership between BRICS and OPEC+?
Yes, it's shaking things up in a major way. With countries feeling the heat from Western sanctions and scrambling for energy security, this collaboration is becoming a really big deal.
BRICS and OPEC+ hold a massive chunk of the worldโs energy resources. Theyโre not just playing the gameโtheyโre flipping the script on the global economy.
What OPEC And BRICS Just Announced Is About To Send The Entire Energy Market Into A Frenzy
Tech Revolution: 10-2-2024
These days, the world is changing fast, especially when it comes to how countries are teaming up over energy. The partnership between BRICS and OPEC+?
Yes, it's shaking things up in a major way. With countries feeling the heat from Western sanctions and scrambling for energy security, this collaboration is becoming a really big deal.
BRICS and OPEC+ hold a massive chunk of the worldโs energy resources. Theyโre not just playing the gameโtheyโre flipping the script on the global economy.
So, hereโs the scoop: Russian President Vladimir Putin recently made waves at the Russian Energy Week forum. He basically said that Russiaโs energy sector is ready to hit its targets, despite what he called โillegalโ Western sanctions. He pointed out that oil and gas sales make up about a third of Russiaโs total state budget.
Thatโs huge, especially with everything going on in Ukraine. Itโs what keeps the Russian economy going. Putin also touched on how teaming up with BRICS helps balance out Western influence. He said, โRussia fulfills its obligations to supply energy resources to the global market,โ which shows how Russia is trying to stabilize things through groups like OPEC+ and the Gas Exporting Countries Forum. He made it clear that Russia is sticking close with OPEC+ oil producers, standing strong together against outside pressure
Despite the sanctions, Putin mentioned that 90% of payments for Russian energy exports come from โfriendlyโ countries that havenโt slapped on sanctions. This really shows why a new energy strategy is needed, and he hinted that one could be coming soon to handle this changing landscape better.
Tรผrkiye is really making moves in the BRICS alliance, and President Recep Tayyip Erdoฤan is all in on it. Heโs excited about the potential Tรผrkiye could tap into by getting involved with groups like BRICS and ASEAN.
Erdoฤan thinks this could shake up the regional landscape and maybe even kick off a new geopolitical structure. He also highlighted Tรผrkiyeโs strong connections with countries across Europe, Central Asia, and Africa.
Frustrated with how slowly things are moving in terms of joining the European Union, Tรผrkiye has officially applied to join BRICS. Erdoฤan is optimistic that this membership could open up fresh opportunities for economic cooperation and partnerships, especially beyond its usual Western allies.
If Tรผrkiye does get into BRICS, it could really boost the blocโs influence, thanks to Tรผrkiyeโs strategic location and deep historical ties. BRICS just got a major upgrade!
Now with new members like Iran, the UAE, Ethiopia, Egypt, and Saudi Arabia, the group is packing some serious power on the global energy stage. With these additions, BRICS now controls 42% of the worldโs oil and gas reserves and a massive 72% of the worldโs rare earth metals.
Thatโs a serious chunk of the world's critical resources! This kind of control means BRICS isnโt just a big player in energy anymoreโitโs now a force to be reckoned with in industries that depend on rare earth metals and coal too.
This dominance gives BRICS the power to influence resource markets and challenge the rules that have been set by traditional Western institutions. The implications of this are huge, as BRICS positions itself as a real alternative to the usual economic heavyweights.
As BRICS continues to grow, itโs shaping up to be a solid alternative to the usual Western institutions like the World Bank and IMF. This group is all about pushing for a different economic modelโone thatโs focused on fair development and spreading resources more evenly.
And with the BRICS development bank in play, thereโs potential for countries to find new financing options that help them sidestep traditional Western financial systems. That could be a total game-changer! You can really see the global power shift as BRICS starts making moves in the resource markets.
With such a huge chunk of the worldโs energy resources under its belt, BRICS can score some great deals for its members. Thereโs even talk about BRICS exploring non-dollar transactions, which could seriously shake up the global economy and challenge the dominance of the U.S. dollar in international trade. If that happens, weโre looking at a major geopolitical shift!