“Tidbits From TNT” Saturday 10-12-2024

TNT:

Tishwash:  Economist: 2025 budget amendments pending, approval date before end of year

Former Director of the Financial Supervision Bureau, Salah Nouri, confirmed today, Saturday, that developments in the global economic situation and military operations will greatly affect the Ministry of Finance’s re-adjustment of the 2025 budget schedules.

 He added in his statement to {Al Furat News} that "the budget schedules are still with the executive authority (the government), and it is expected to be sent to the House of Representatives during the remainder of this October."

Nouri explained that "the House of Representatives must approve the budget before the end of December 2024, in accordance with Financial Management Law No. (6) of 2019."  link

Tishwash:  Iranian Foreign Minister to visit Baghdad tomorrow, Sunday

Iranian Foreign Minister Abbas Araghchi is scheduled to visit the Iraqi capital, Baghdad, tomorrow, Sunday.

Iranian diplomatic sources told Shafaq News Agency that Araghchi will head to Iraq tomorrow in continuation of his regional consultations.

According to the sources, the Iranian Foreign Minister will arrive in Baghdad tomorrow afternoon and during his visit, which will last a few hours, he will meet with: his Iraqi counterpart Fuad Hussein, President Abdul Latif Jamal Rashid, and Prime Minister Mohammed Shia al-Sudani.

Meanwhile, an Iraqi source told Shafaq News Agency that Araghchi's visit to Baghdad comes to discuss developments in the security situation in the region and to emphasize not expanding the circle of war.link

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Tishwash:  Iraq and the region's oil exports on the table of Masrour Barzani and an American delegation

On Friday, Masrour Barzani, Prime Minister of the Kurdistan Regional Government, discussed with an American delegation headed by Congressman Seth Moulton the developments in Iraq and the Middle East.

A statement received by Shafaq News Agency stated that, "During the meeting, which was attended by the US Consul General to the Kurdistan Region, Tiff Bittner, we exchanged views on the latest developments in Iraq and the region, and discussed ways to strengthen relations between the Kurdistan Region and the United States."

Congressman Moulton pointed out that the Kurdistan Region is a reliable friend and ally of the United States in the region, and stressed the importance of supporting the Peshmerga and protecting the security of the Kurdistan Region.

Barzani expressed the regional government's gratitude to America for its support and assistance to the region, and stressed his keenness to strengthen the prospects of cooperation between the two sides in various fields.

He pointed out that the meeting focused on the progress made in the field of reforms related to the joints of the Ministry of Peshmerga, as we agreed on the importance of supporting, strengthening and accelerating the reform process in the ministry, in a way that ensures the unification of its forces.

The two sides discussed the necessity of exporting the Kurdistan Region's oil, and we discussed preparations for holding legislative elections in the region, as well as the US presidential elections, the tense situation, wars and escalation in the Middle East, and the efforts made to achieve security and stability in the region in general.  link

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Tishwash:  Reasons for the rise in the dollar price in parallel markets.. a reaction extending for 30 years

Diyala Chamber of Commerce identified, today, Friday (October 11, 2024), the reasons for the rise of the dollar in the parallel market in the past days.

The head of the Diyala Chamber of Commerce, Mohammed Al-Tamimi, said in an interview with Baghdad Today, "There is no disagreement that the region is going through a very difficult and sensitive turning point with the drums of a comprehensive war beating that could happen at any moment in light of the escalation of statements between the various parties without any glimmer of hope on the horizon that things will move towards calm and fair containment at least."

He added, "Iraq is part of the Middle East region and the current tensions are directly putting pressure on the parallel market and leading to an increase in its prices compared to the dinar, especially with the existence of speculation and fear that has prompted many to be cautious in converting their dollars into Iraqi dinars in anticipation of any exceptional circumstances."

Al-Tamimi pointed out that "any future strike will inevitably raise the parallel market, but in return there are measures by the Central Bank to control the situation," stressing that "the situation is likely to undergo many developments, especially since the damage to the Iraqi markets is real."

He explained that "the rise in the prices of basic materials, even by small percentages, does not reflect the direct impact of the rise in the dollar, but rather the growing purchasing power of broad segments that have an accumulated reaction and fear of wars extending to 30 years, which pushes them to store some materials in anticipation of any emergency."

The exchange rate of the dollar against the Iraqi dinar witnessed a noticeable increase during the past few days, as the selling price exceeded 153 thousand for every 100 dollars.  link

Mot: should I throw it away 

Mot:  ... siigggghhhhhh !!!!! 

Weekend News With MarkZ 10/12/2024

Weekend News With MarkZ   10/12/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

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

CBD Gurus during the first 45 minutes….then Mark with the news

Member:  Addressed To The White Hats That May Be On This Channel: The Remaining Sleepers May Never, Repeat Never, Wake Up…….On With The Show !!!

Member: You're absolutely right my friend. It's time to get this show on the road.

Member: End this nightmare movie and Let the chips fall where they may Enough is Enough

Member: Gooood morning Mark, CBD Gurus, mods and fellow Patriots!

MZ: I do know of a couple redemption center folks/wealth management contacts who are working this weekend. They don’t know if its this week or next week but very much expect it to happen in the month of October. So they are putting in extra hours to be prepared. They are putting in extra hours to be ahead…taking care of existing customers so that they have no diversions when they expect us.

MZ: I think it’s very encouraging that they are so convinced they will see us in the next couple of weeks that they are putting in extra hours so when it goes …they can focus on all of us “new” customers.

MZ: I was really surprised , but long ago I talked to one who has been in this since the beginning…..at first he thought I was coo-coo….but then he called and said “you are not going to believe this –we are going to handle foreign currency…..can you bring yours in so we can practice exchanging and train them?”  He has kept up with this and now has currency himself. He loves his job and will keep working but says it will be different now because he won’t need the money.  

MZ: I have not heard anything new on Prosperity packages or individual currencies. I was hoping to hear something about CMKX …because I have some shares and really want it to go…..

MZ: Bond contacts are awfully quiet…..They are waiting for permission to go.

MZ: In Iraq: “Economist: 2025 budget amendments are pending and the date of approval before the end of the year.” Why is this important. We are looking at WTO with all files done and paperwork finished….and we are waiting on the official announcement that Iraq has ascended …Then the budget tables are to be done by the end of the year…..and auctions will be ending by the end of the year.

MZ: We were told many years ago that at the time they ended the currency auctions…there would be a rise in value of the Iraqi dinar. Now they are ending them before the end of the year…..thats not far off. We are in the window.

MZ: We are watching key things like HCL, WTO, Auctions ending and final budget tables….All of this needs a new rate. We are in the fun part. They need to let her rip by the end of they year….but believe we are much closer than that. I am staying warm and fuzzy.

MZ: “IMF cuts borrowing costs for members by 36%”  they are lowering the fees on countries that have borrowed a lot like Argentina , Equador ect…..the countries that really need it. They had been playing “Pawn broker and loan shark” with these countries.

MZ: “Exchange rates of the dollar against the dinar in Iraq today”  We are hearing they are international now….but there will not be much stability in the rate until they raise the value. The rate needs to be international with more purchasing power.

MZ: I thought this one was great but I don’t know this person. “RV UPDATE BY JEFF 11 OCT” He says the auctions will be abandoned in Iraq the day the rate changes. The rate will most likely change on a Sunday morning. His thinking is highly accurate and what I was told to expect. https://dinarevaluation.blogspot.com/2024/10/rv-update-by-jeff-11-oct.html

MZ: Actually I heard Saturday night/Sunday morning- and the most likely time would be  between 11PM to 2 AM .This is the easiest time by far to change rates.  

Member: Maybe tonight is that “Saturday Night?”

Member: 3-day weekend, Columbus Day

Member: Enjoy your 3 day weekend……May all your dreams come true NOW

Member: I think Monday will be a measurable milestone. Maybe no notifications but days away from that!

Member: Hug a Tree this weekend Dear Friends. Breathe and Give Thanks

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

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

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

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

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

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

Youtube:   https://www.youtube.com/watch?v=TjGt5eMK8xU

News, Rumors and Opinions Saturday AM 10-12-2024

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

RV Excerpts fro the Restored Republic via a GCR: Update as of Sat. 12 Oct. 2024

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

Global Currency Reset:  (Opinions/Rumors)

Judy Note: Redemption Centers will (allegedly) give you a higher exchange rate than at a bank. You make your appointment according to instructions sent by email from Wells Fargo. Such instructions will be published on various Dinar websites and on this Update.

On Wed. 9 Oct. 2024 BRICS 12 Countries Ditched US Dollar and will now pay trade in local currencies: https://watcher.guru/news/brics-12-countries-ditch-us-dollar-pay-85-trade-in-local-currencies

Wed. 9 Oct. 2024 TNT: “The Dinar International Rate on bank screens is $3.91. It won’t drop below $3.57. The banks have a hold on it. They have designated a time for it to happen.”

Thurs. 10 Oct. 2024 Wolverine: “The process has defiantly started. There are around 40 million emails that will be sent out by Wells Fargo so you can set your appointments. It is expected to happen within the next few days and defiantly within this month.”

Thurs. 10 Oct. 2024 Banker: “Several Sources are indicating this is our month, some even indicating a specific date but asking that I not reveal but I can assure the date ends in y God Bless.”

Bruce: On Fri. 11 Oct. 2024: Bond Holders are to be notified through email from Wells Fargo as to when they can gain access to their accounts – which will likely be on Tues. 15 Oct.

Fri. 11 Oct. 2024 Walkingstick: An Iraqi bank manager: “I have just been given my latest orders. I am being told to stay close to home. I will not be able to go to Thanksgiving or Christmas with my friends. My orders tell me that I am to stay here in Dearborn. The CBI bank is going to make us very busy during these holidays. We are having a lot of Iraqi citizens coming into our banks here. They are talking to us about the same thing you are asking us.” https://dinarevaluation.blogspot.com/2024/10/rv-update-by-walkingstick-11-oct.html

On Mon. 14 Oct. 2024 at the BRICS Summit they are going to announce the Seven Kingdoms, along with the Global Currency Reset.

Mon. 14 Oct. 2024 the old banking system—Bank of America, Deutsche Bank and JP Morgan— was expected to collapse, with the QFS taking over as stock markets crash.

Bruce: On Tues. 15 Oct. Tier 4b (us, the Internet Group) will receive emails from Wells Fargo telling us how to make redemption appointments, which we should be able to begin on Wed. 16 Oct. Exchange appointments will be held for 40 to 50 days, going well beyond the end of October.

Wed. 16 Oct. is a designated celebration day for Iraq and the day they will (allegedly) pay their contractors in the new Dinar Rate.

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Global Financial Crisis:

Fri. 11 Oct. 2024: Russian Finance Minister Anton Siluanov will present the results of the Russia’s BRICS Chairmanship on the financial track at the final Meeting of BRICS Ministers of Finance and Central Bank Governors. He will also report on improving the international monetary and financial system. www.eladelantado.com/us/goodbye-credit-cards/#google_vignette  www.msn.com/en-ca/money/markets/brics-is-considering-a-new-currency-here-s-what-you-need-to-know/ar-AA1rMrp9

Fri. 11 Oct. 2024: TD Bank pleads guilty to money laundering. TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by d**g cartels. https://twitter.com/Maerox/status/1844456941785055617

Fri. 11 Oct. 2024: With the recent collapse of 15 banks in just three years, concerns about the stability of the US banking system are becoming increasingly pronounced. The data coming to light is alarming. In a recent report, finance expert Dr. Rebel Cole from Florida Atlantic University unveiled that US banks are currently grappling with over $500 billion in unrealized losses on investment securities as of the end of Q2 2024. While there was a slight decrease from $516 billion in Q1 to $513 billion in Q2, the overall picture is still concerning for an economy that has long prided itself on resilience and stability. https://dinarrecaps.com/our-blog/t3r0puoups56dvh4hcydhlzf9jzxox

Fri. 11 Oct. 2024: JPMorgan is expected to reveal a nearly 8% drop in earnings per share while Wells Fargo will likely report a nearly 14% drop in earnings per share, reports Reuters, citing data compiled by the London Stock Exchange Group (LSEG).                                                                                                                                          https://dailyhodl.com/2024/10/09/us-banks-under-pressure-as-jpmorgan-chase-bank-of-america-wells-fargo-goldman-sachs-and-citi-battle-shrinking-margins-report/

Fri. 11 Oct. 2024: Boeing says it’s cutting more than 17,000 jobs, or 10% of its workforce

Read full post here:  https://dinarchronicles.com/2024/10/12/restored-republic-via-a-gcr-update-as-of-october-12-2024/

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

Militia Man  We had numerous articles about the WTO.  We already knew they had completed their requirements.  Now they're hammering it home again they're gearing to go international.  What are we waiting for?  I think what we're waiting for is the exposure of the 2024 tripartite budget.  Why?  Because it's go components in it for...investment to pay for the development projects.

Frank26   Community comment:   "I believe it will RV before the time they gave."  The revaluation actually started  in 2012... Revaluation is to revalue the currency...This is not to revalue the currency, they're going to reinstate it.  It was $3.22 when it was brought down... Because of inflation do you think $3.22 would be fair over 20 years later?  No I don't think so.  Therefore the exchange rate is not going to 1000 is it?  It's saying at 1320/1310.  When they lift the three zeros that's be a little over a dollar for the citizens.  Now that's fair.

The Dollar is on its Last Legs

VRIC Media:  10-11-2024

Today, we delve into a topic that resonates with many in our uncertain financial landscape—the impending collapse of the U.S. dollar. Ted is joined by economist and author, Shanmuganathan Nagasundaram, as they unpack the mechanisms driving this potential crisis and explore what it means for our economy and investments.

In the latest discussion, Shan provides an alarming insight into the state of the U.S. economy, urging listeners to consider the stark realities of hyperinflation and the unsustainable nature of current asset bubbles in stocks, bonds, and housing. With inflation rates creeping upwards and the cost of living soaring, many Americans are feeling the pinch—but the situation could soon worsen.

Shan draws parallels between the current economic climate and historical crises, such as the 2008 financial meltdown and Weimar Germany’s hyperinflation, illustrating how unchecked monetary policies and excessive government spending could lead the U.S. down a similar path. The economist predicts that we may soon see double-digit inflation, which would further erode purchasing power and create significant challenges for investors and consumers alike.

One of the key points raised in the discussion is the idea that if the U.S. dollar collapses, the repercussions will be felt globally. Countries that rely heavily on the dollar in trade and finance could face severe economic disruptions, leading to a domino effect that could plunge economies into chaos. This potential crisis poses significant risks to not only individual investors but also to entire nations.

https://youtu.be/vzPQqAVqCcs

MilitiaMan: Iraq Dinar Update-#iqd news update-#iraqi currency-Minister of Finance Time Tables-To Monetary Reforms

Iraq Dinar Update-#iqd news update-#iraqi currency-Minister of Finance Time Tables-To Monetary Reforms

MilitiaMan and Crew:  10-11-2024

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

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

https://www.youtube.com/watch?v=rKCD0D39Wr4

Seeds of Wisdom RV and Economic Updates Saturday Morning 10-12-24

Good Morning Dinar Recaps,

RIPPLE OFFERS ‘BANK-GRADE’ CUSTODY TECH TO CRYPTO FIRMS

Digital asset infrastructure firm Ripple has introduced new features and functionalities for its custody solution.

“Custody is a key entry point into the digital asset economy, and it’s only growing,” Ripple said in a Thursday (Oct. 10) press release.

The company notes that the amount of crypto assets custodied is projected to reach at least $16 trillion by 2030, by which time 10% of the world’s GDP is also expected to be tokenized.

“As such, companies need secure, compliant and flexible options to store their crypto,” the release added.

According to Ripple, the update includes a transaction screening service integration, added hardware security module options, an XRPL integration for tokenizing real world assets (RWA), pre-configured policy frameworks and upgrades to the platform’s usability and user interface.

In addition, Ripple Custody now supports XRP Ledger tokenization features, letting businesses to tokenize and manage assets including cryptocurrencies, fiat currencies, and real-world assets “while facilitating digital asset issuance and secure transfers directly from its platform,” the company added.

PYMNTS examined the tokenization of RWA earlier this year, noting that it was another component of blockchain that has gotten the attention of players in the payments, finance and commerce worlds: the ability for organizations to denote ownership rights of a real-world asset as a digital, on-chain token.

“Tokenized RWAs have the potential to make assets more liquid, accessible and efficient while enhancing transparency, security and global reach,” that report said.

“Representing RWAs on the blockchain — such as real estate, private equity and venture investments, fine art and collectibles, physical commodities like gold, fixed income instruments, intellectual property assets and even stocks and equities — can transform the way ownership of assets is recorded and enable new functions.”

In more recent tokenization news, PYMNTS spoke Thursday with Mastercard Chief Product Officer  Jorn Lambert about how the technology could improve any use case where the exchange of data is the norm.

It can boost more than commerce, he said, though the most obvious benefit is to merchants, issuers and customers.

“We’ve needed to rethink, from the ground up, how we architect security,” Lambert said.

In a world where credentials are stored on billions of mobile devices and could be stored on millions of servers globally, “you have to assume that the bad actors and the hackers will get their hands on that data, no matter how tall and thick the firewalls you build,” he added.

@ Newshounds News™

Source:  PYMNTS

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RIPPLE CEO CRITICIZES U.S. SEC: IS SEC ABOVE THE LAW?

▪️Brad Garlinghouse slams SEC for ignoring the ruling that XRP isn’t a security.

▪️Bitnomial argues XRP futures should fall under CFTC, not SEC regulation.

▪️Stuart Alderoty questions SEC’s credibility, calling its actions unconstitutional.

In July 2023, U.S. District Judge Analisa Torres ruled that the XRP token is not a security, a decision seen as a partial win for Ripple Labs and the broader crypto industry. Yet, despite this ruling, the U.S. Securities and Exchange Commission (SEC) remains firm in insisting that XRP is a security.

Criticizing the SEC’s disregard for the court ruling, Ripple CEO Brad Garlinghouse lashed out at the regulator. His response follows Bitnomial’s lawsuit, challenging the SEC’s stance on XRP futures.

Brad Garlinghouse Slams SEC
In a recent tweet, Brad Garlinghouse voiced his frustration with the SEC, criticizing the agency for ignoring the court’s decision that XRP is not a security. He pointed out that the SEC’s actions show an attitude of acting above the law.

Garlinghouse’s disapproval comes as the SEC maintains its stance in the Bitnomial case, where the crypto derivatives exchange Bitnomial challenged the SEC’s classification of XRP futures as “security futures.”

Bitnomial argues that XRP futures should fall under the Commodity Futures Trading Commission (CFTC), as XRP itself has not been labeled security. In its court filing, Bitnomial accused the SEC of overstepping its authority and placing unnecessary regulatory burdens on the exchange.

Supporting Ripple’s stance, Bitnomial noted that the SEC’s position directly conflicts with the court’s ruling, which found that XRP is not a security.

Regulatory Body or Bully?
Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, also weighed in, questioning the credibility of a regulatory agency that disregards court rulings.

Alderoty highlighted that the SEC’s aggressive measures are unconstitutional, further damaging the agency’s credibility. He described the SEC’s behavior as an alarming example of a regulatory body pushing compliance through threats, despite being defeated in court.

SEC Pushing Its Authority Too Far
The SEC’s insistence on regulating XRP as a security has raised concerns within the crypto community. Meanwhile, pro-XRP lawyer Bill Morgan and legal expert John Deaton have both accused the SEC of overreach and questioned the agency’s motives.

Deaton pointed to a recent case involving Digital Licensing, where the SEC was sanctioned for misconduct, further fueling skepticism about the regulator’s approach.

@ Newshounds News™

Source:   Coinpedia  

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🌍 WHERE IS THE BEST PLACE TO EXCHANGE? HAVE YOU EVER HEARD OF IT? INTEL TO RATE CHATTER  |  Youtube

Listen to the LIVE CALL from last night from the Seeds of Wisdom Team.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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18 Rules To Creating Long-Term Wealth

Billionaire Michael Lee-Chin’s 18 Rules To Creating Long-Term Wealth

Special to Financial Post | Daina Lawrence  Thu, October 10, 2024

Billionaire Michael Lee-Chin has 18 principles he has stuck to in order to build his wealth, he says.

The Jamaican-Canadian chairman and chief executive officer of Burlington, Ont.-based private investment firm Portland Holdings Inc., says it is possible for other investors to follow these principles and build wealth, especially younger ones who have time and compounding on their side.

With Warren Buffet as his role model since the 1970s, Lee-Chin has used his prescriptive framework to predict, and invest in, future trends, such as wealth management for a growing baby boomer cohort.

Lee-Chin came to Canada in 1970 and studied engineering on a scholarship, then graduate business studies, eventually becoming a financial advisor. In the 1980s, he borrowed money to invest first in Mackenzie Financial Corp., then in what became AIC Ltd. and set up financial services entity Berkshire group of companies, with billions of dollars in assets under management, selling to Manulife Financial in 2009.

Forbes pegged Lee-Chin’s wealth at $1.4 billion in 2023.

What follows is a condensed and edited interview with Lee-Chin, where he shares his investment rules, including the 3 Ps and the 3 Ts, and his predictions on sectors that address an aging baby boomer cohort, as well as world’s energy and carbon challenges.

FP: Is The Investment Environment Of Today Different To When You First Started Investing?

Michael Lee-Chin: It has always been complex.

When I first started as an advisor, I was looking around for a methodology that made sense to me, that I could practise consistently, and that really, if I adhered to the methodology, to the frameworks, the only outcome would be wealth.

A framework that has guided me throughout my life is if you want to be successful at any endeavour, this three-step formula will always work: 1. Identify a role model and choose the most eminent person in that field; 2. Get the recipe; 3. Don’t change the recipe.

Back in the late 70s to early 80s I identified Warren Buffett as my role model. Starting in 1982 I would attend his annual general meetings and I got the recipe.

It doesn’t matter what the investing environment is doing, all of those external factors in the long run mean nothing.

FP: What Advice Would You Have For Young Investors Today?

MLC: When you invest, you have to have some framework that guides you so that you have consistent behaviour. It’s not just arbitrary.

I’m going to tell you the eight characteristics of great investors — those that created their wealth (the first three are what we call the three Ps):

Predict: These people made a prediction about the future;

Plan: They planned for their prediction;

Persevere: They persevered with their plan;

These people also own a few high quality businesses;

They understand their businesses;

They ensure these businesses are in long-term growth industries;

They use other people’s money prudently;

They also hold on to these businesses for the long run.

Whether you’re a beginner, you manage a family office, you’re a professional investor — those eight characteristics are the essence of investing … and of creating wealth. Anything else is speculation.

This brings me to the ten qualities of high quality businesses. These are laws if you want to create wealth. This is our religion. This is our value system.

TO READ MORE:  https://www.yahoo.com/finance/news/billionaire-michael-lee-chin-18-110053318.html

Russia Calls For BRICS Gold Standard | Will It Be Launched This Month?

Russia Calls For BRICS Gold Standard | Will It Be Launched This Month?

Smart Silver Stackers:  10-11-2024

Russia's finance minister has just called for the creation of new Bretton Woods style institutions within the BRICS framework.

 An important detail of this call to action is that Bretton Woods put the world on a Gold Standard.

 The introduction of a Gold pegged currency will have massive implications for Gold, Silver, and anyone stacking physical precious metals, so let's dive into what is on the BRICS agenda!

00:00 Russia's Finance Minister Just Called For What Might Be A New Gold Standard

1:10 BRICS Finance Leaders Are Meeting In Moscow Ahead For The Annual BRICS Summit

3:24 We Are Due For A Change To The Global Monetary System

4:32 BRICS Has Been Pursuing Dedollarization & Regional Currencies

 5:18 New Bretton Woods Insitutions Could Center Around Gold, Just Like The First Time

 7:23 Why BRICS Wants A Gold Standard

 8:28 BRICS Members Stockpiling Gold

https://www.youtube.com/watch?v=6H8EuiTunC8

Friday Evening Chat With MarkZ 10-11-2024

Friday Evening Chat 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: Welcome to another Friday Night before a 3 day weekend

Member: I really hope there is good news tonight…. I could use some

Member: I bet Mark feels like he’s driving a car to the beach and the kids keep asking “Are we there yet?”

MZ: We do have some interesting news for those willing to sharpen their pencils and think.  “ Economic Researcher: The Iraqi budget enters the danger phase” 

Mark goes into a lengthy discussion on this very long article….and speaks very fast. If you wish to hear this description of the article be sure to listen to the video.

MZ: This article is telling us we are about to see an exponential change.

Member: This is Petra, part of MM&Crew...Iraq has been removing currency and destroying it for years so IOO, there is much less than 100T. Let's say there is 50T...now drop 3 zero's...that's 50B. Totally within their ability to defend their currency at a higher rate!!

Member: Welcome Petra ……and thank you!

Member: in my opinion... their done, just waiting for the green light. so many promises, projects signed

MZ: “ The central bank continues the implementation of banking reform plans”  They are telling us they are working on implementation…and they are getting a lot done. Inflation is not a problem for them

Member: BRICS is really taking about going back on the gold standard and a new currency called “The Unit”

Member: If Iraq goes gold backed….. ​​Iraq has over 10 trillion in today's market value of gold holdings

MZ: “Gold in Iraq: A promising future for mining” this article is from 2015 but tells us how much gold they have in the ground ect. I had the privilege of talking with someone in the industry dealing with equipment….they have started moving a lot of gold mining equipment to Iraq. Iraq’s gold mining industry is starting to explode. They know they have a tremendous amount of gold and rare earth minerals there. . As a Matter of fact experts over there say they may actually eclipse their oil revenues.

MZ: Like Jaimie Dimon said “Iraq will be the economic savior of the world”

Member: How are you feeling about things Mark?

MZ: I am definitely feeling warm and fuzzy

Member: Another intel person says RV on Oct 22nd

MZ: That’s well within what I am hearing..Don’t know if that’s the exact date though

Member: The actual ‘clues’ were: it’s from many that Oct is our month, can’t tell us exact (asked not to); but it ends in “Y” , it has a 2; and he likes Tuesdays.

Member: Thanks Mark and Mods …..everyone enjoy your Friday night’

Member: And hoping this is a wonderful 3 day weekend for us all.

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.

JOIN US TOMORROW AT 9:45 AM EST. THE CBD THE FIRST 45 MINS AND MARK GIVE THE NEWS AT 10:30 AM!

Youtube:     https://www.youtube.com/watch?v=P7gw3dT0WTM

Bruce’s Big Call Dinar Intel Thursday Night 10-10-24

Bruce’s Big Call Dinar Intel Thursday Night 10-10-24 

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to big call tonight. It is Thursday, October 10TH and you're listening to the big call and hearing some things outside. And I just wanted to see what that was all about. Okay, well, you're listening to the big call. Thanks, everybody. Hold one moment. Yes. May I help you?  Hello ? Hello, never mind, at least for right now, never mind, I don't know what that was.

So welcome everybody to the big call. Take two. Thank you for joining us tonight. We welcome everybody out there in big call universe, and we're looking forward to having a great call tonight, probably a shorter call. Maybe we don't know more than an hour for tonight, because Bob will not be with us tonight, like I mentioned in the pre call he is ….. All right, let's see. Let's go. Take three … so Bob won't be with us tonight, but we'll just do whatever we need to do and move forward with the call - but for right now, let's go ahead and pray the call in

Let's see what I wanted to talk about tonight. I don't have a whole lot of Intel, you guys, but what I've got, I think, is very accurate.

And we had heard some things that are giving us the impression that we were going to start, that we would get notified Friday, tomorrow, and it sounded good at the time, but then the new Intel that we got today superseded it. Means it surpassed it, and it's really much more accurate in terms of timing.

So we know that all the redemption centers east of the Mississippi city, for example, are handled by one person, meaning under their under their authority, and this is true for the entire country, not just east of the Mississippi, but that's how we got the information.

This what's going to happen on Monday, which is indigenous peoples day and Columbus Day is that by noon the liaison for all of the redemption centers will receive the email from Treasury and Wells Fargo, and we'll have until five o'clock Monday to get the information out and email to all of the 20 821 redemption centers that are east of the Mississippi

Now the same thing is going to be true by other liaison throughout the entire country, okay, but I'm speaking to our contact, so what that means is they receive it on Monday before, and they have to receive it before five o'clock or by 5pm on Monday, okay? And that's Easter time,

 Then Tuesday we will receive our emails with the toll free number on Tuesday at some time – which we do not know --  if we get it early enough, Tuesday, we could quite possibly begin exchanges Tuesday afternoon  and evening – on this coming Tuesday, if we get it later in the day, let's say mid to late afternoon On Tuesday, then we would start our exchanges  on Wednesday,  

Alright let’s put some dates with this -- Monday is the 14th of October, so that's when the emails are to go out to the redemption center leaders by five o'clock Monday, the 15th, 14th, 14th, we would be notified on the 15th and then start either on 15th or 16th of October.

Now that's the long and the short of it right there.

I came to find out that the information about Friday, which means between 11 in the morning tomorrow to 11pm the bondholders are supposed to be notified, not us in 4B  - bondholders  in tier three, and they will get in that email a certain day and time where they would have access to their funds that they will be able to see in their accounts, probably Tuesday or Wednesday, they'll be able to gain access to those funds - -- to that extent  we're looking at shotgun start and no unfair advantage for anyone being tier three and tier 4A, tier 4B which is the Internet Group,  Essentially we would be notified approximately the same time within whatever – hours of each other

So that is very basically what we have learned -- Now. I do believe this is happening now, because we've got word that….  remember….. NESARA could give us announcements as early as Monday or Tuesday or Wednesday.

I think really, the other information we heard today was that, let's see the 16th, which would be Wednesday, is the day that Iraq is paying all of their contractors and paying any back pay that they need to pay.

And it's also the day Wednesday the 16th, the day of celebration in Iraq for this RV and their new rate on the dinar, etc. So it looks like our start date would be Wednesday the 16th, but it could be actually, that we would start on Tuesday.

I know we're supposed to get notified on Tuesday whether we start exchanges or not. We'll have see, but the whole thing is lining up beautifully. Now, why do we think we're not getting it this weekend for us, meaning Friday, Saturday, Sunday for us? Bondholders, yes, not us.

I think it's because number one, the hurricanes definitely slowed it down. It set us back possibly a week. But the dates that I gave you are taking into consideration the effects of both hurricanes and the cleanup, which is ongoing now, of course, and what it means is that we're going to with exchanges all the way through and beyond the end of October, or we were going to be about 30 some days – now It looks like we could go as many as 40 to 50 days, depending on the demographics where the redemption centers are located, it's not going to be really that much of an issue for us.

Okay, just remember that you're going to be you've got time to set your appointments and get your exchange is done, and I'm excited about the timing of that bring together nicely for us.

Now, remember, rates in the redemption centers will be the best rates higher than the banks, and this is something that was orchestrated to give us the highest possible rate.

It's true of the dong, and it's certainly true of the dinar  as well, because no banks will be able to redeem the Zim except redemption centers, and even if you call the banks, they will refer you to the 800 number, which we're going to get to some appointment if you're a Zim holder.

Okay, so don't think you're going to be smart, but the process by going to a bank not going to be good for you. You'll end up getting lower rates. Okay, so I know that because our people giving us rates on banks and redemption centers.

So really, guys, I think that is everything that needs to be said at this point,

Okay, this weekend coming, and it'd be looking for your emails on Tuesday. Now, if we get what we're expecting to get on Tuesday, we are not really expected to do a call Tuesday night -- If we get our emails before the big call on Tuesday, which I expect we will, then we will not have a call, as you guys will be scrambling, setting your appointments, making your plans for vacation and so on.

All right, let me thank Sue and Bob at GCK Pastor Scott, Jeannie, of the satellite, Pete. Call out to so many countries and their own language. And thank you so much. Victor burst for tuning in. Over the last 13 years. Thank you so much. And let's go ahead and pray the call out

Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   51:11

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Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24  REPLAY LINK  Intel Begins 1:03:35

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Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:08:08

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Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24  REPLAY LINK  Intel Begins   1:14:45

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Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:00:40

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Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24  REPLAY LINK  Intel Begins 56:36

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Bruce’s Big Call Dinar Intel Thursday Night 9-19--24  REPLAY LINK  Intel Begins   1:11:30

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Bruce’s Big Call Dinar Intel Tuesday Night 9-17-24  REPLAY LINK  Intel Begins 1:02:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH56t

Bruce’s Big Call Dinar Intel Thursday Night 9-12-24   REPLAY LINK   Intel Begins   1:13:30

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

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 10-11-24

Good Afternoon Dinar Recaps,

RIPPLE’S XRP INVOLVED IN ANOTHER LAWSUIT AGAINST THE SEC: DETAILS

The SEC had warned Bitnomial that offering XRP Futures could violate securities laws without additional compliance.

Bitnomial has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners, accusing the agency of overextending its jurisdiction.

The company’s case disputes the SEC’s classification of XRP as a security, which the agency claims qualifies as an investment contract under the Securities Exchange Act.

The Case Details
The Chicago-based exchange, regulated by the Commodity Futures Trading Commission (CFTC), had requested to offer XRP US Dollar Futures in August. This followed a federal ruling that XRP is not considered a security in the SEC’s lawsuit against Ripple.

Shortly after filing, the SEC warned the exchange that moving forward with the listing could violate federal securities laws unless the firm complied with additional requirements. This would include registering as a national securities exchange.

According to the court document, the regulatory body informed Bitnomial that listing XRP Futures would require compliance with securities laws, as they would be classified as “security futures” under joint SEC and CFTC jurisdiction. However, the exchange has objected to that interpretation:

“Bitnomial disagrees with the SEC’s view that XRP is an investment contract and, therefore, a security and that XRP Futures are thus security futures.”

The company also claims the SEC’s stance overextends its jurisdiction into areas typically overseen by the CFTC.

As such, it is seeking a court declaration that XRP Futures should not be classified as security futures. This would protect the exchange from SEC enforcement. The firm also aims to prevent the agency from asserting jurisdiction over XRP Futures or taking any enforcement action relating to their future listing.

Industry-Wide Implications
“Establishing this precedent is not just about XRP; it’s about all digital assets,” said Bitnomial CEO Luke Hoersten in an interview with FOX Business.

He added that the firm, unlike others involved in legal disputes with the SEC, has maintained a clean compliance record. According to him, this places them in a unique position to seek a court ruling on whether XRP futures should be classified as securities or commodities.

The case follows similar legal action by Crypto.com, which recently sued the SEC after receiving a Wells notice indicating potential enforcement action. The firm has also accused the agency of overstepping its authority by classifying most crypto assets as securities.

The SEC also just logged a notice of appeal in the Ripple lawsuit. Meanwhile, Investment firm Canary Capital filed on October 8 to launch a spot XRP exchange-traded fund (ETF). This follows a similar proposal made by Bitwise just days earlier.

@ Newshounds News™

Source:  CryptoPotato

~~~~~~~~~

BRICS News: 12 Countries Drop US Dollar, Conduct Majority of Trade in Local Currencies While Eyeing Crypto

▪️The members of the CIS alliance have started conducting trade settlements in local currencies.

▪️The goal remains to alleviate the strains from over-dependence on the US Dollar.

The Commonwealth of Independent States (CIS), consisting of 12 countries, now conducts most of its trades with local fiat currencies. This move aligns with the BRICS alliance’s de-dollarization efforts to dump the US dollar for trade settlement.

The CIS countries include Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Georgia, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.

On the other hand, the BRICS nations initially include Brazil, Russia, India, China, and South Africa. This year, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have joined the bloc.

CIS Dumps US Dollar for Local Currencies
Russia, also a member of the BRICS bloc, persuaded the CIS to switch from using the US Dollar to national currencies for trade. The other current members concurred with Russia’s proposed trade policy since adopting local currencies would boost their economies. 

This year, the CIS bloc rarely utilized the US dollar for trade settlements. Instead, the alliance settled 85% of cross-border transactions in national currencies, adding pressure to the US Dollar.

Russian President Vladimir Putin revealed at the CIS summit that BRICS and CIS will collaborate to permanently eliminate reliance on the US dollar.

“The process of import phase-out is moving quickly, and thus the technology sovereignty of our country is being strengthened,” he said.

The de-dollarization initiatives 
Thus, the BRICS-specific de-dollarization goal is now being extended to the CIS alliance.

The de-dollarization initiatives promote regional economic collaboration and deliver higher financial independence for emerging countries. If the current trend persists, the dollar may lose its value, leading to massive deficits and hyperinflation in the US.

The CIS Eyeing Crypto
In the future, the CIS alliance intends to incorporate crypto for cross-border trade settlements. Cryptocurrencies have heralded a new shift to payment services in the last few years.

They promise faster, cheaper, and more transparent transactions, especially across borders due to their anonymity and decentralized framework.

As CNF noted in a previous report, Russia has approved crypto for international payments. This move is part of the country’s attempt to alleviate pressure from Western sanctions while reducing dependence on the US dollar. This development follows the government’s legalization of Bitcoin mining back in July.

Besides Bitcoin, XRP has become a major rival to the US dollar. Despite Ripple’s ongoing legal challenges with the US Securities and Exchange Commission (SEC), the BRICS bloc and Japan are pushing for XRP adoption. In a recent update CNF covered, Ripple’s CEO Brad Garlinghouse says XRP is at the heart of global financial systems.

It is important to note that BRICS has extended its investigation into using gold to challenge the US dollar. Nonetheless, BRICS and CIS have yet to name any digital asset as their official currency among member nations. As blockchain and the global financial system progress, many expect this will happen soon.

@ Newshounds News™

Source:  Crypto News Flash

 ~~~~~~~~~

A GUIDE TO BITCOIN MINING

The rise of cryptocurrency has captured people’s attention worldwide. It promises new possibilities for managing money outside traditional banking and financial systems. This post sheds some light on Bitcoin mining and how a person could get involved.

Bitcoin Mining
Bitcoin is the first digital currency. It uses a decentralized computer network that tracks transactions with many individual users worldwide. A new Bitcoin is created through mining when miners validate a group of transactions.

The network rewards miners with a specific amount of Bitcoin to verify transactions. Blockchain technology underpins the whole Bitcoin operation. The verified transactions get bundled together periodically into blocks and stacked one after the other like links in a chain.

There has always been interest in knowing who owns the most Bitcoin. By most accounts, the single biggest Bitcoin account belongs to Satoshi Nakamoto, the mysterious founder who first launched the revolutionary Bitcoin network concept but has remained in the shadows ever since.

How Does Bitcoin Mining Work?
To add a new block, miners participate in a competitive calculation spree involving complex mathematical problems. Solving these computations requires powerful computer systems running and plenty of electricity.

The miners race to be the first to arrive at the single right response to the question (known as hash). The more guesses made per second, the higher the chances of solving the problem. With more miners joining over time, the difficulty continues to increase.

The potential for profit in Bitcoin mining depends on various factors. You must consider the significant upfront expenses of buying specialized, high-powered hardware for the job and your ongoing electricity bills.

Some people opt to join a mining pool. When participating in shared group efforts, everyone contributes their resources. However, miners in a pool must share the rewards. Additionally, since Bitcoin’s worth fluctuates greatly, it is challenging to precisely determine the financial return on the time and resources spent.

Getting Started in Bitcoin Mining
There are three things that you would need before starting Bitcoin mining

1.  A digital wallet: This stores and manages any Bitcoin or other digital money you obtain.
2.  Computer equipment: To help mine Bitcoin successfully.
3.  Mining software: To truly participate in generating new currency, specific computer programs are essential. Several mining software programs exist, many of which can be downloaded and used at no cost on common operating systems like Windows or Apple computers.

Common Scams
If you’re considering starting to mine for Bitcoin, you’ll want to be careful about what software, equipment, or groups of miners you join so you don’t get scammed. Here are a few of the most common types of scams:

1.  Cloud-Based Services
Some websites claim you can sign up with them and have them do the mining work for you using their computers. Not every service like this is a scam, but you must research before handing over any money.

2.  Fake Wallets and Exchanges
When storing your crypto, only use wallet providers with a good reputation in the community. Some scammers make fake wallet sites just to steal people’s private keys. Once they have your keys, your funds are gone for good. Scammers make fake trading sites and contact people through email or social media. Then, they pressure or deceive people into sending money or cryptocurrency to the fake sites.

Endnote
Bitcoin mining is certainly not for the faint of heart. It takes serious computational power, deep technical know-how, and nerves of steel to handle the fluctuating rewards. However, it could yield fascinating rewards for those up for the challenge.

@ Newshounds News™

Source:  Blockchain Reporter

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More News, Rumors and Opinions Friday PM 10-11-2024

MikeCristo8: BRICS will Launch an Alternative to the IMF

10-11-2024

MikeCristo8 :  The BRICS unit has definitely launched.

BRICS will also launch an alternative to the IMF as the summit.

So Lavrov has been traveling the world, telling foreign heads of state that there is going to an IMF alternative for when the BRICS currency is launched.

So BRICS is launching World Bank – IMF alternatives and a whole new financial system based on gold, that will challenge the legitimacy of the US dollar

https://twitter.com/BRICSinfo/status/1844425080006377486

Source(s):
https://x.com/MikeCristo8/status/1844448841996878111
https://x.com/MikeCristo8/status/1844465322742645163
https://x.com/MikeCristo8/status/1844467144282734838
https://x.com/MikeCristo8/status/1844524075529461816

https://dinarchronicles.com/2024/10/11/mikecristo8-brics-will-launch-an-alternative-to-the-imf/

KTFA:

Clare:  Iraq raises gold reserves to 152.6 tons, according to the World Gold Council

10/11/2024

Iraq’s gold reserves increased by 4 tons in the past two months, reaching 152.6 tons, according to a report issued by the World Gold Council. This increase places Iraq in 29th place globally among 100 countries in gold reserves, according to last month’s data.

At the Arab level, Iraq came in third place after Saudi Arabia and Lebanon, as data recorded an increase in Iraqi gold reserves from 148.3 tons to 152.6 tons.

Last August, Mazhar Mohammed Salih, economic advisor to the Iraqi prime minister, confirmed that gold represents about 10% of Iraq’s foreign currency reserves. He pointed out that the reserve had reached 148 tons at the time.

It is worth noting that Iraq recorded a gold reserve of 145 tons and 661 kilograms last February, indicating that the continuous increase reflects financial stability and stability in cash liquidity.

Globally, the United States holds the lead in gold reserves with 8,133 tons and 300 kilograms, followed by Germany with 3,351 tons and 500 kilograms, and then Italy in third place with 2,814 tons.  LINK

Alicia2015:  great to see Iraq increase gold reserves ahead of BRICS summit this month

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

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

Wolverine  ...What I heard is that huge Whales have received their notifications and are flying to their destination to receive their blessing...I can’t say more until I’m allowed to speak. Nothing is guaranteed in this journey but I have absolute faith that any day we are going to receive the news we’ve been waiting for... 

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
Minister of Finance on TV saying they have activated the automation and digitalization process.  FRANK:  That's important.  Digitization...is the backbone of the monetary reform.  That's what's going to move the currency in and out of the country but more so out there when it starts to float for us...That will add the Real Effective Exchange Rate to your currency.

We Are In The ENDGAME Now...

Lynette Zang:   10-11-2024

Today we are talking about the implementation of Basel III in the central banks and how THIS is the ENDGAME...

https://www.youtube.com/watch?v=atwtjxGUZV4

The Fed Is Failing the U.S. Economy by Ignoring This Metric, Here’s What Next

Kitco News:  10-11-2024

he Federal Reserve is flying blind with its policies because it completely ignores the M2 money supply metric, says Steve Hanke, Professor of Applied Economics at Johns Hopkins University.

 "The Fed doesn't understand what it's doing, and it's not watching the money supply," Hanke tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

 "How can you be running a central bank and have a macroeconomic model that doesn't even include money? That's the one thing that central banks produce. It's kind of bizarre. Quite frankly, it's stupid, but I'll use the word bizarre and be polite."

https://www.youtube.com/watch?v=TCgiB5Pt6dw