Iraq News Highlights and Points To Ponder Sunday Afternoon 10-20-24

Iraq's Oil Exports To America Drop Significantly In A Week

Energy   Economy News - Follow-up  The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to America declined during the past week.

The administration stated in a table reviewed by "Al-Eqtisad News" that "the average US imports of crude oil during the past week from 9 major countries amounted to 5.007 million barrels per day, down by 298 thousand barrels per day from the previous week, which amounted to 5.305 million barrels per day."

She added that "Iraq's oil exports to America amounted to 70 thousand barrels per day last week, down by 171 thousand barrels per day from the previous week, which amounted to 241 thousand barrels per day."

The administration indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 3.537 million barrels per day, followed by Mexico at an average of 406 thousand barrels per day, then Saudi Arabia at 314 thousand barrels per day, and from Colombia at 223 thousand barrels per day."

According to the table, "the amount of US crude oil imports from Brazil is 154 thousand barrels per day, from Nigeria 134 thousand barrels per day, from Venezuela 134 thousand barrels per day, and from Ecuador at a rate of 35 thousand barrels per day, while it did not import any amount from Libya. 10/20/2024 - https://economy-news.net/content.php?id=48914 

Economist Reveals The Value Of Oil Derivatives Smuggled From Kurdistan To Türkiye

Information/Anbar..  Economic expert Rashid Al-Saadi revealed, today, Sunday, that Iraq's losses due to the smuggling of large quantities of oil derivatives from the Kurdistan Region to Türkiye amounted to one billion and 500 million dollars.

Al-Saadi said in a statement to / Al-Maalouma / agency, "The Oil Marketing Company (SOMO) imposed a financial fine on Turkey as compensation to be paid to Iraq for the value of the oil smuggled from the Kurdistan Region to Turkey, amounting to one billion and 500 million dollars, but Turkey is still delaying the process of paying the financial amounts due on it as a result of receiving stolen oil shipments from Iraq."

He added, "Imposing financial compensation on Türkiye came against the backdrop of the halt in oil exports from Iraq to Ceyhan."

Al-Saadi continued, "The halt in Iraqi oil exports to Turkey via the port of Ceyhan has revived the smuggling of oil derivatives from the Kurdistan Region to Turkey, despite the fact that oil exports to Turkey are officially halted by the State Oil Marketing Company (SOMO)."

He pointed out that "the smuggling of oil derivatives from the Kurdistan Region to Türkiye is large and has greatly affected Iraq's oil imports."   LINK

Iraq Signs Agreement With Turkmenistan To Supply 20 Million Cubic Meters Of Gas Per Day

Posted On2024-10-19 By Sotaliraq  10/19/2024  The signing ceremony of the agreement and contract for the supply of Turkmen gas to Iraq took place in the capital, Baghdad, today, Saturday.

On the Iraqi side, it was signed by Ziad Ali Fadhil, Minister of Electricity, and on the Turkmen side, it was signed by Maksid Babayev, Minister of State and Chairman of the Gas Company in his country.

The signing of the agreement was the culmination of intensive technical efforts that extended for more than a year, including multiple meetings, mutual visits, and the signing of a memorandum of understanding last year.

The terms of the agreement stipulate that Iraq will be supplied with 20 million cubic meters of Turkmen gas per day, which will constitute a qualitative addition to the country’s energy sources.

The Swiss company (Loxstone Energy), which was contracted under the decisions of the Council of Ministers, is responsible for delivering Turkmen gas to Iraq, using the Iranian pipeline network, relying on the swap mechanism, which ensures the smoothness and efficiency of the transportation process, according to a statement issued by the Iraqi Ministry of Electricity.

Following the conclusion of the agreement, the Minister of Electricity confirmed in a joint press statement with the Turkmen Minister of State that the agreement is part of the government’s program to diversify energy sources and enhance supplies, and the Iranian side’s approval was obtained.

He explained that "this step will contribute significantly to ensuring that gas stations are supplied with the necessary fuel," indicating that "gas stations currently contribute about 60% of the total electricity production in Iraq."

He continued, “We work in the Ministry of Electricity according to a comprehensive vision that combines immediate solutions and long-term strategy,” noting that “importing gas represents a temporary measure until our national gas production projects are completed, self-sufficiency is achieved, and full reliance on our local resources is achieved within the next few years.”

For his part, the Turkmen minister expressed his pride in this strategic partnership, stressing his country's commitment to supporting Iraq's efforts to develop the energy sector.

We are proud to be a reliable partner of Iraq in the energy sector, and we look forward to strengthening economic cooperation between our two countries,” Maksad Babayev said in the joint statement.

In early July, Iran signed an agreement stipulating the exchange of gas between it and Turkmenistan, after intensive negotiations.

Iranian media reported at the time that a contract had been signed to exchange gas between Iran and Turkmenistan, and then supply it to Iraq.

[On October 6, 2023, the Iraqi Minister of Electricity, Ziyad Ali Fadhil, signed a memorandum of understanding with the Turkmen Minister of State for Gas Affairs, to supply Turkmen gas to Iraq.

Iraq imports electricity and gas from Iran for between a third and 40 percent of its energy needs, which is critical, especially in the summer months when temperatures reach 50 degrees Celsius and energy consumption peaks.

[size=45]Iraq is facing difficulty in paying for these imports due to US sanctions that only allow Iran to obtain funds to purchase non-sanctioned goods, such as food and medicine.  LINK

Al-Sudani: We Will Reach A Production Stage Exceeding 80% In Three Years[/Size]

Local | 03:05 - 10/19/2024   Mawazine News - Baghdad   Prime Minister Mohammed Shia al-Sudani announced today, Saturday, the production of 25% of Iraq's need for antibiotics, stressing that a pharmaceutical production stage exceeding 80% will be reached within three years.

His office stated, in a statement received by "Mawazine News", that "al-Sudani opened, today, two factories for antibiotics (cephalosporins) and immunosuppressive drugs, which are private sector projects, within the program to localize pharmaceutical industries in Iraq, which the government has adopted as a priority in its program."

Al-Sudani was briefed on "the stages of work in the factory, which has adopted the most advanced global technological origins, represented by the Italian company (EMA), which specializes in pharmaceutical industries, and met with the working cadres from various scientific specialties, in addition to reviewing the stages of implementing a new factory for cancer treatment drugs at a cost of (60) million dollars, which is planned to be completed in the coming months."

He pointed out that "this factory was established in light of the government's decisions taken since the beginning of its work," stressing that "the goal of localizing the pharmaceutical industry was among the priorities of the work, and was accompanied by providing facilities to private sector drug producers, in the field of issuing loans and sovereign guarantees to establish pharmaceutical projects.

" Al-Sudani noted that "the products of this factory of antibiotics will cover about (25%) of the country's need, which is important to achieve self-sufficiency," stressing "work to achieve drug security, as it is not permissible to accept that local pharmaceutical products cover 10% of the original drug market, which is worth more than (3) billion dollars."

He explained that "contracts for establishing pharmaceutical projects have increased under the current government by more than 60%, which is a positive indicator for reaching a production stage exceeding 80% during the next three years, especially for life-saving drugs and cancer patients' drugs, which are expensive and difficult to secure on a permanent basis," stressing "work to establish the pharmaceutical industrial city."

Cephalospor ins are life-saving antibiotics, and they will be produced in all their pharmaceutical forms up to the fourth generation, which include suspensions with a capacity of (12) million vials annually, capsules with a capacity of (450) million capsules annually, tablets with a capacity of (600) million tablets annually, and intramuscular and intravenous injections (vials) with a capacity of (40) million injections annually.   https://www.mawazin.net/Details.aspx?jimare=256064

Karbala Refinery Shutdown For Maintenance Cuts 40% Of Kerosene Supply

Policy  2024-10-20   1,414 views   Sumerian News – Local  Confirmed Committee Oil and Gas Parliamentary Committee, today, Sunday, to stop Filtered Karbala Its maintenance led to a 40% cut in kerosene fuel supplies. Iraq.

A member said Committee Oil, Gas and Natural Resources in the Council Representatives Thank you very much, "Musfa"KarbalaIt witnessed a halt in maintenance work, which led to a 40 percent cut in the supply of kerosene, which is necessary for the operation of power plants. Electricity And electric generators, as well as operating several types of vehicles.

Al-Mashkoor stressed that “the government was forced to compensate for the shortage of kerosene and divert the available amount to power generation stations. ”electricity Considering it the most important in terms of serving citizens, stressing “the return of a large part of it, equipping fuel stations, and restoring things to their former state,” according to the newspaper. the morning Governmental.  LINK

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 10-20-24

Good Afternoon Dinar Recaps,

BRICS SUMMIT TO FAR SURPASS US PRESIDENTIAL ELECTION IN GLOBAL IMPORTANCE, RUSSIAN OFFICIAL CLAIMS

The BRICS summit, not the U.S. presidential election, will be the defining event of global history, a Russian official claims. With BRICS expanding and 65% of its transactions now in national currencies, they argue the world is shifting away from U.S. dominance toward sovereign partnerships. 

“I believe that in 2024 the vector of human development will be established in Kazan, and not in the wavering United States,” the official noted.

BRICS Over US Election? Russian Official Sees a Decisive Global Shift Ahead
Russian Federation Council Speaker Valentina Matviyenko has emphasized that the upcoming BRICS summit, rather than the U.S. presidential election, will be the crucial event that will shape the future of global history.

In a post on her Telegram channel, Matviyenko argued that “the world has changed significantly” and made it clear that the U.S. election would not hold the same influence over the world community as Washington might hope. She was quoted by Tass as stating:

The upcoming U.S. presidential elections will not be the most important event of the year for the world community and will not determine the further course of history. No matter how much Washington would like it to be. The BRICS summit will be that event.

Matviyenko went on to highlight that the changes taking place are “objective and irreversible processes.” Additionally, she underscored the significance of the summit’s high-level representation and the increasing number of membership applications as indicators that “truly responsible leaders of sovereign states” are aware of BRICS’ growing importance. She further asserted, “I am sure that news from Russia will be followed on all continents.”

BRICS, originally formed in 2006 by Brazil, Russia, India, and China, and later joined by South Africa in 2011, is now expanding further. In January, Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia became full members of the group.

This expansion comes during Russia’s presidency of BRICS. The main event of Russia’s presidency will be the BRICS summit in Kazan, scheduled for Oct. 22-24. In the meantime, the U.S. presidential election is slated for Nov. 5.

Matviyenko also noted:

I believe that in 2024 the vector of human development will be established in Kazan, and not in the wavering United States.

“The three days of the BRICS summit and the negotiations of the leaders of the world majority in the capital of Tatarstan will have a decisive influence on our future,” she opined.

Russia’s State Duma Speaker Vyacheslav Volodin said BRICS is challenging the dominance of Washington and Brussels as more nations seek equal partnerships prioritizing their interests. Volodin noted a global shift away from alliances with the U.S. and its allies, favoring cooperation that respects sovereignty and mutual benefit. 

BRICS countries are increasingly using national currencies, with 65% of transactions now conducted in local currencies, while the U.S. dollar and euro account for less than 30%, indicating efforts to reduce reliance on Western financial systems, a trend driven by sanctions and geopolitical tensions.

@ Newshounds News™

Source:  Bitcoin News 

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SIAM COMMERCIAL BANK LAUNCHES STABLECOIN CROSS BORDER PAYMENTS

Siam Commercial Bank (SCB), one of Thailand’s big five banks, has launched a stablecoin solution for cross border payments, including remittances. The project graduated from the Bank of Thailand regulatory sandbox in October 2024.

The bank partnered with SCB 10X, its venture and innovation arm, and Singapore fintech Lightnet for the launch with custody technology provided by Fireblocks. We’ve requested details about the public blockchain and stablecoins being used, but didn’t receive a response in time for publication.

Cross border payments usually require banks to have pre-funded Nostro accounts at the destination. Using stablecoins this may not be needed. Plus stablecoin transfers are very inexpensive and can happen 24/7.

“By leveraging blockchain technology and stablecoins, we are making cross-border remittances more efficient, reliable, and accessible for everyone,” said Thanawatn Kittisuwan, First EVP & Head of Digital Juristic & Payment at SCB.

Initially the solution targets consumers, but now SCB plans to work on offering it to corporate customers. The big three Japanese banks are looking to do something similar for cross border payments, but they hide the use of stablecoins. Hence, clients initiate bank payments in the usual way.

SCB Tech X also participated in a Hedera DLT stablecoin trial that involved other banks, including Korea’s Shinhan Bank, a Taiwanese Bank, and South Africa’s Standard Bank as an observer.

@ Newshounds News™

Source:  Ledger Insights

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🌱 BRIC' PAYMENT CARD? WHAT IS BRIC WHAT DOES IT HAVE TO DO WITH ANYTHING?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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7 Valuable Lessons About Saving Money

7 Valuable Lessons About Saving Money

Sean Bryant  Fri, October 18, 2024   GOBankingRates

Growing up with frugal parents, I was often the kid who was teased for having secondhand clothes, not going on vacations, and bringing generic-branded food to school. However, now that I am an adult, I am very thankful for the valuable lessons my parents taught me about saving.

It has shaped my views on money, spending, saving and finances in general. While many of my friends have struggled with debt or excessive consumerism, I have never had to face these issues.

Within this article, I’ll go through some of the valuable life lessons my frugal parents taught me about money.

Distinguishing Needs From Wants

Growing up with frugal parents taught me the valuable skill of distinguishing between my needs and wants. While my friends were often caught up in the latest trends and fads, my parents refused to buy every item I asked for. Instead, they emphasized the importance of prioritizing needs, like a new winter coat, over wants, like the newest toy.

This is something that I have carried through to my adulthood. Now, I try to focus on essential expenses and cut back on frivolous spending. This has helped me make informed financial decisions and avoid unnecessary debt.

How To Budget

I also learned how to budget and the importance of budgeting. I observed my parents tracking what they spent and saved as a child. They were careful not to spend more than they could afford.

If they had a goal, they saved towards it. This early exposure to budgeting taught me how to set my own clear financial goals and how to allocate resources according to those goals.

“Children in frugal households witness budgeting as a regular activity,” said Jake Claver, CEO of Syndicately. “This exposure naturally ingratiates the concept of budgeting in their daily lives.

It becomes less of a chore and more of an integral part of their financial routine. By learning to allocate resources and plan expenses from a young age, children are better equipped to manage their finances effectively as adults.”

Delayed Gratification

Delayed gratification is a lesson I was more reluctant to learn as a child but one I am now thankful for as an adult. When there was something that I wanted to buy, my parents encouraged me to wait and to think about the purchase and what it would mean in terms of longevity, monetary value, and the value I placed on the item. They then encouraged me to save my money and if I still wanted to purchase the item later, I could.

TO READ MORE:  https://finance.yahoo.com/news/grew-frugal-parents-7-valuable-000019101.html

New BRICS Currency and Increasing Western Sanctions is a Global Reset in Progress

New BRICS Currency and Increasing Western Sanctions is a Global Reset in Progress

Awake-In-3D October 18, 2024

With sanctions accelerating de-dollarization, BRICS nations are leading efforts to restructure the global financial order.

As the global financial landscape continues to transition, the new BRICS currency initiative emerges as a formidable challenge to the U.S. dollar’s dominance.

In response to geopolitical tensions and sanctions, nations are seeking alternatives to dollar-based trade, with BRICS countries leading the charge toward a new gold-backed financial system.

With gold prices surging past $2,700 per ounce, this transformation could realign the global economy and spark the long-discussed Global Currency Reset (GCR).

The question now is whether the upcoming BRICS summit will mark the dawn of a new era in international finance, reshaping the balance of power from West to East.

Sanctions, De-dollarization, and the Birth of Alternative Financial Systems

Western sanctions against Russia, following its 2022 conflict in Ukraine, triggered a series of unintended consequences, forcing targeted countries to explore financial alternatives beyond the U.S.-dominated system.

These sanctions effectively cut Russia off from global markets tied to the dollar-based SWIFT network, compelling it to strengthen economic partnerships with China, India, and other BRICS nations. In response, Russia has begun settling transactions in Chinese yuan and other local currencies, adding further momentum to de-dollarization efforts.

The consequences of these developments go beyond the BRICS members. Other nations—particularly those wary of Western influence—have taken notice. The U.S. dollar’s use as a geopolitical tool has raised concerns about economic sovereignty, fueling interest in establishing a new global reserve currency.

This evolving landscape hints at a recalibration of the global economy, a key hallmark of the GCR, where the structure of international finance is realigned to reflect the interests of more players than just the West.

The New BRICS Currency: A Challenge to Dollar Dominance?

Rumors of a new BRICS currency, reportedly 40% backed by gold and 60% by a basket of member-state reserves, have attracted significant global interest ahead of the BRICS summit in Kazan, Russia, on October 22-24. Although experts predict that a formal unveiling is unlikely at this meeting, the discussions alone indicate that the world is moving toward a future where the U.S. dollar will no longer reign supreme.

This shift aligns closely with the Global Currency Reset (GCR), a process that seeks to restructure the global monetary system and diversify away from a single currency’s dominance.

In recent years, central banks worldwide have increased their gold reserves, viewing the precious metal as a hedge against inflation and geopolitical instability. With gold prices now hovering around $2,700 per ounce, many believe that asset-backed currencies will play a key role in the future financial system—an idea long associated with the GCR movement.

A new BRICS currency could set off a chain reaction of currency revaluations (RV) across the globe. If the proposed currency is anchored by tangible assets like gold, it compels other countries, including those in the West, to revalue their own currencies to remain competitive in global trade.

Such a move would mark the most significant shift in international monetary policy since the collapse of the Bretton Woods system in the 1970s.

The U.S. Dollar’s Waning Influence

While the U.S. dollar still accounts for 84% of global trade transactions, its dominance is eroding due to several factors, including the rise of the Chinese yuan. China has successfully positioned its currency as an alternative to the dollar, particularly in oil markets, through initiatives like the petroyuan.

As energy trade—a key pillar of the dollar’s dominance—diversifies, BRICS countries have an opportunity to reduce their reliance on the dollar even further. Notably, Saudi Arabia has expressed interest in settling oil transactions in yuan, marking a potential end to the petrodollar era. If the BRICS currency materializes, it will likely prompt other countries to recalibrate their financial policies and accelerate the shift toward a multipolar financial system, as envisioned in the GCR.

Geopolitical Implications of the GCR and RV

A successful launch of a BRICS currency will likely prompt other countries to recalibrate their currency policies. With gold serving as the backbone for the new financial system, currencies across the globe must undergo revaluation (RV) to maintain credibility and parity in international trade. This process would mark a historic shift in monetary policy, requiring nations to shift their focus from debt-backed fiat currencies to tangible, asset-backed reserves.

India, an influential BRICS member, faces a critical decision point. While it remains committed to deep economic ties with the U.S., it also recognizes the benefits of participating in the GCR movement and supporting a new global reserve currency. India’s balancing act reflects the complexities involved in a new world order where economic and geopolitical interests are often in conflict.

The Bottom Line: The New BRICS Currency is a Path Toward a New Global Financial Order

The rise of a BRICS currency—combined with growing geopolitical tensions, sanctions, and the search for financial alternatives—suggests that the world is approaching a Global Currency Reset. The potential decline of the U.S. dollar’s dominance signals not only a change in how global trade is conducted but also a shift toward revaluation of currencies based on tangible assets. While the future trajectory remains uncertain, one thing is clear: the financial system of tomorrow will not look like the system of today.

The upcoming BRICS summit is unlikely to deliver the final blueprint for a new global currency, but it will certainly push forward the conversation about how the world’s economic future will be shaped. With precious metals playing a key role in this transition, the competition for currency dominance is just beginning—ushering in an era where gold, not fiat, will likely decide the balance of power.

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News, Rumors and Opinions Sunday 10-20-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 20 Oct. 2024

Compiled Sun. 20 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset Timeline:  (Rumors/Opinions)

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

On Mon. 14 Oct. 2024 the BRICS Summit struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies, taking a direct s**t at the dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/

On Tues. 15 Oct. 2024 Zimbabwe’s new gold-backed currency officially entered general circulation.

On Thurs. 17 Oct. 2024 the gold-backed Chinese Yen replaced the fiat US Dollar to determine the price of oil on the Forex for international trading and thus the fiat US Dollar ceased to exist because it has no value and cannot be used for international trade.

On Thurs. 17 Oct. the US Inc. Corp. fiscal year ended; has not been funded by Congress for the next fiscal year and thus will be forced to close down, ending the fiat monetary system.

On Thurs. 17 Oct. all banks closed worldwide that were not Basel III Compliant (have gold backed currency).

Thurs. 17 Oct: International Day for the Eradication of Poverty was observed, marking adoption of the Convention on the Rights of the Child (UNCRC) on 20 November 1989.

On Thurs. 17 Oct. LIBOR was replaced by SOFR, marking a significant change in financial benchmarks.

On Thurs. 17 Oct. the new United States of America Republic started its new fiscal year under a gold-backed US Note as part of the Global Currency Reset.

On Saturday 19 Oct. 2024 Iraq celebrates their Independence Day.

Tues. 22 Oct. to Thurs. 24 Oct. BRICS Summit To Announce Global Currency Reset. The event in Kazan hosting 24 leaders, 32 countries will initiate a massive shift in macroeconomics through the arrival of its BRICS Pay system. The event is expected to be the largest foreign policy event ever held in Russia. That should be a massive moment for the global south and its continued efforts toward increased competition with the West. https://watcher.guru/news/who-will-attend-brics-summit-2024-key-leaders-confirmed https://www.dailynewsegypt.com/2024/10/13/brics-summit-in-kazan-to-host-24-leaders-32-countries

On Sun. 27 Oct. into Mon. 28 Oct. 2024 Project Sandman (US Dollar crash) was expected to kick off.

Sat. 19 Oct. 2024 Wolverine: “My sources say everything is going this week. I have absolute faith we will go this week. It’s all happening this week by the grace of God. Have faith and don’t ever lose it.”

Fri. 18 Oct. 2024 TNT: “Everything is a go. It’s going to be a super fantastic weekend. Some say by Sun. the 20th. Some say by Sat. the 19th.  Some say tonight, Fri. night. They fully plan it this weekend.”

Thurs. 17 Oct. 2024 Bruce: Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct. They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct. BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.

Fri. 18 Oct. 2024 Wolverine: Things started. The green light was given in Zurich as sovereign whales are advancing rapidly and some receiving payment. We are expecting to blast off on Monday for our big D day in Reno. They are putting the codes in to be started. The QFS has been officially established as our payment system. This innovative system guarantees security, transparency and efficiency in all transactions. The new strong dollar on Nov 6: The USA will introduce the new strong dollar which symbolizes the strength and stability of our economy. That came through a couple of hours ago. The USN has started digitally. They are already doing trading using USN, but the ones in the states will be the physical note. The commercial digital dollar is now being used as Swift system is gone. Reno is moving the money to Zurich paymasters so they will be ready to start Monday. There are reports that German bond holders are getting funds.

Fri. 18 Oct. 2024: XRP, NESARA-GESARA, QFS 3.0, and the National Quantum Initiative Act: The Financial Revolution Uncovered! [MUST WATCH] – amg-news.com – American Media Group

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Global Financial Crisis:

Fri. 18 Oct. 2024: South African President Cyril Ramaphosa says BRICS has potential to drive significant change in the global economy and international relations. “BRICS now covers 43% of the world’s population…the opportunities for cooperation and economic progress are immense.”

Read full post here:  https://dinarchronicles.com/2024/10/20/restored-republic-via-a-gcr-update-as-of-october-20-2024/

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

Frank26   Many people pose the question, I don't have my receipt.  If I'm ever audited what am I going to do?  If I don't have my receipt I'm going to be in the 40% [tax bracket]. I don't want to pay that much taxes.  What do I do?  Did you write a check?  Your canceled check is your receipt.  Did you use a credit card?  You bank statement from your credit card is your receipt...

Militia Man  Those people [Who have 'hoarded mattress dinars'] are expecting the stock market to run big time when they change the value of their currency based off of a Real Effective Exchange Rate based off real assets, non-oil [revenue].  That's what's in focus right now.  It's phenomenal.  This is a good sign of things to come.

MARKETS A LOOK AHEAD: (CRITICAL UPDATES...) STOCK MARKET, GOLD, SILVER, CRYPTO, MORE!

Greg Mannarino:  10-20-2024

https://www.youtube.com/watch?v=yR-rGYjx2eM

BRICS speeds up development of independent payment system

TRT World:  10-19-2024

TRT is a Turkish public broadcast service.

The upcoming BRICS summit in the Russian city of Kazan will focus on its new, independent international payment system. The group has grown in membership this year, and supporters of the BRICS expansion say it shows a growing dissatisfaction with current international institutions. Dasha Chernyshova reports.

https://www.youtube.com/watch?v=bV1iaDkoHSI

Iraq Economic News and Points To Ponder Sunday AM 10-20-24

Among Them Are Exchange Rates.. The Most Prominent Advantages Of Increasing Iraq’s Share In The International Monetary Fund

Money and business  Economy News – Baghdad  The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, confirmed today, Saturday, that increasing Iraq's share of the international monetary fund is a step to confront economic challenges and stabilize the dinar, while he pointed out that it is a tool against exchange rate fluctuations and inflation problems and to enhance investors' confidence in the Iraqi economy.

Saleh told the official agency, which was followed by "Al-Eqtisad News", that "Iraq maintains a reserve of gold within its foreign reserves, and it is part of the official reserves of the Central Bank of Iraq, as monetary gold is a means of supporting the value of the Iraqi dinar and achieving the desired economic stability."

“When inflation rises and the value of foreign currencies falls, the price of gold usually rises, so gold is a hedge against inflation or currency devaluation. It is also a type of long-term investment and contributes to diversifying the country’s sovereign investment portfolio, because it is originally stable compared to currency volatility,” he added.

He continued: "Our country holds about 150 tons of gold, which constitutes a percentage of the country's foreign currency reserves. This reserve is managed in accordance with the guidelines issued by multilateral international financial organizations. It represents a hedging tool and a safe and appropriate haven, as it is an important part of the national currency cover."

He pointed out that "the monetary authority in our country has sought in recent years to increase its gold reserves, in order to confront economic challenges and ensure the stability of the Iraqi dinar."

He explained that "gold remains a protection tool against fluctuations in exchange rates and inflation problems, and it also contributes to enhancing investor confidence in the Iraqi economy."

Earlier, the Council of Ministers approved increasing Iraq's share in the International Monetary Fund by the equivalent of (831,900,000) SDR, or the equivalent of (1.45025127) trillion dinars, according to the exchange rate on October 8, 2024, provided that the amount of the increase is included in the allocations for the year 2025, and that the proposed increase will lead to an increase in Iraq's share in the International Monetary Fund by 50% of the previous share, and to an increase in Iraq's voting power. 133 views    10/19/2024 - https://economy-news.net/content.php?id=48887

The Dollar Opens The Beginning Of The Week Higher Against The Dinar In Baghdad

19/10/2024  Mawazine News – Economy  The US dollar exchange rate rose in Baghdad markets on Saturday morning.

The dollar price rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 153,300 dinars per 100 dollars, while it recorded 153,000 dinars per 100 dollars last Thursday.

The selling prices in exchange shops in the local markets in Baghdad recorded an increase, as the selling price reached 154,250 dinars, while the purchase price reached 152,250 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=256066

Al-Sudani: We Will Reach A Production Stage Exceeding 80% In Three Years

Local | 03:05 - 10/19/2024  Mawazine News – Baghdad  Prime Minister Mohammed Shia al-Sudani announced today, Saturday, the production of 25% of Iraq's need for antibiotics, stressing that a pharmaceutical production stage exceeding 80% will be reached within three years.

His office stated, in a statement received by "Mawazine News", that "al-Sudani opened, today, two factories for antibiotics (cephalosporins) and immunosuppressive drugs, which are private sector projects, within the program to localize pharmaceutical industries in Iraq, which the government has adopted as a priority in its program."

Al-Sudani was briefed on "the stages of work in the factory, which has adopted the most advanced global technological origins, represented by the Italian company (EMA), which specializes in pharmaceutical industries, and met with the working cadres from various scientific specialties, in addition to reviewing the stages of implementing a new factory for cancer treatment drugs at a cost of (60) million dollars, which is planned to be completed in the coming months."

He pointed out that "this factory was established in light of the government's decisions taken since the beginning of its work," stressing that "the goal of localizing the pharmaceutical industry was among the priorities of the work, and was accompanied by providing facilities to private sector drug producers, in the field of issuing loans and sovereign guarantees to establish pharmaceutical projects.

" Al-Sudani noted that "the products of this factory of antibiotics will cover about (25%) of the country's need, which is important to achieve self-sufficiency," stressing "work to achieve drug security, as it is not permissible to accept that local pharmaceutical products cover 10% of the original drug market, which is worth more than (3) billion dollars."

He explained that "contracts for establishing pharmaceutical projects have increased under the current government by more than 60%, which is a positive indicator for reaching a production stage exceeding 80% during the next three years, especially for life-saving drugs and cancer patients' drugs, which are expensive and difficult to secure on a permanent basis," stressing "work to establish the pharmaceutical industrial city."

Cephalosporins are life-saving antibiotics, and they will be produced in all their pharmaceutical forms up to the fourth generation, which include suspensions with a capacity of (12) million vials annually, capsules with a capacity of (450) million capsules annually, tablets with a capacity of (600) million tablets annually, and intramuscular and intravenous injections (vials) with a capacity of (40) million injections annually.   https://www.mawazin.net/Details.aspx?jimare=256064

Oil Posts 7% Weekly Loss.. Brent At $73

Energy  Economy News - Follow-up  Oil futures fell on Friday, posting a weekly loss of more than 7% after data showed China's economic growth slowed and as investors weighed mixed forecasts for the Middle East.

Brent crude futures fell $1.39, or 1.87%, to settle at $73.06 a barrel, while U.S. West Texas Intermediate crude fell $1.45, or 2.05%, to $69.22 a barrel.

Brent fell more than 7% this week, while WTI lost about 7%, their biggest weekly declines since Sept. 2, after the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency cut their forecasts for global oil demand in 2024 and 2025.

The economy in China, the world's largest oil importer, grew in the third quarter at the slowest pace since early 2023, but data on consumption and industrial production beat expectations in September.

“China is important to the equation in terms of demand, so that is having a big impact on prices here today,” said John Kilduff, a partner at Again Capital in New York.

China's refinery output also fell for the sixth straight month as weak fuel consumption and lower refining margins weighed on Processing operations.

“We can’t ignore the impact of electric vehicles in China,” said Neil Atkinson, an independent energy analyst based in Paris and former head of the International Energy Agency’s oil division.

"There are many factors at play here, the economic weakness in China, but also the move towards electrification of the transport sector," he added.

Electric vehicle sales in China jumped 42% in August to a record high of more than 1 million vehicles.

China's central bank has rolled out two financing plans that will initially inject 800 billion yuan ($112.38 billion) into the stock market through newly launched monetary policy tools.

“Chinese data is showing tentative signs of improvement, but recent briefings on additional economic stimulus have left market participants feeling frustrated,” said Rishi Rajanala, partner at Aegis Hedging.

US President Joe Biden said yesterday that there is an opportunity to deal with Israel and Iran in a way that could potentially end their conflict in the Middle East for a while.

When Biden visited Berlin, he told reporters he had an understanding of how and when Israel would respond to the Iranian missile attack, something investors are still anxiously awaiting, Alex Hudis, an analyst at brokerage StoneX, said in a note.

The Lebanese Hezbollah group announced yesterday, Friday, the transition to a new and escalating phase in the confrontation with the Israeli forces after the killing of Yahya Sinwar, head of the political bureau of the Palestinian Islamic Resistance Movement (Hamas).

This dashed earlier hopes today that Sinwar's death would hasten an end to an escalating war in the Middle East.

The US Energy Information Administration said that crude production in the United States reached a record level at the end of last week, as production rose by 100,000 barrels per day in the week ending October 11 to record 13.5 million barrels per day, after recording the previous peak of 13.4 million barrels per day two months ago.

Oil prices received support after data from the US Energy Information Administration showed that US crude oil, gasoline and distillate inventories fell last week.

U.S. retail sales rose slightly more than expected in September, and investors still see a 92 percent chance the Federal Reserve will cut interest rates in November. 92 views 10/19/2024 - https://economy-news.net/content.php?id=48884

Within A Week..More Than One Billion Dollars In Sales From The Central Bank Of Iraq

Saturday 19 October 2024 14:28 | Economic Number of readings: 69  Baghdad/ NINA / The total sales of the Central Bank of Iraq of hard currency during the days in which the auction was opened last week exceeded one billion dollars.

The Central Bank sold during the past week and for the 5 days in which the auction was opened one billion, 317 million, 374 thousand, and 259 dollars, at a daily average of 263 million, 474 thousand, and 852 dollars, higher than the previous week, which amounted to one billion, 309 million, 74 thousand, and 838 dollars.

The highest dollar sales were on Sunday, where sales amounted to 270 million, 808 thousand, and 434 dollars, while the lowest sales were on Wednesday, where sales amounted to 253 million, 497 thousand, and 545 dollars.

Foreign remittance sales during the past week amounted to "one billion, 279 million, 724 thousand, and 259 dollars, an increase of 97% compared to cash sales, which amounted to 37 million, 650 thousand dollars. / End   https://ninanews.com/Website/News/Details?key=1163065

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Sunday Morning 10-20-24

Good Morning Dinar Recaps,

BRICS SUMMIT TO SEE ALLIANCE TAKE MAJOR STEP TO END US DOLLAR

With the landmark event just days away, the BRICS 2024 Summit is set to see the economic bloc take a major step toward ending US dollar dominance. 

Indeed, the collective will gather in Kazan, Russia for the event that could be one of its most important. Chief among the matters to be discussed by the bloc is its ongoing de-dollarization efforts.

At the recent Business Forum that took place in Moscow, the bloc officially debuted the long-awaited BRICS Pay system. The alliance debuted a demo card for participants to utilize throughout the weekend. Those efforts will likely continue at the summit, with the bloc poised to make monumental announcement

BRICS to Take Major De-Dollarization Step at 2024 Summit
The BRICS Summit has become one of the most important days for the alliance. In 2023, it saw the bloc welcome its first expansion effort since 2023.

Specifically, the United Arab Emirates (UAE), Egypt, Ethiopia, and Iran joined the collective. This year, the bloc is expected to welcome similar landmark announcements.

Among them are key efforts to lessen economic reliance on the West. Indeed, the BRICS Summit 2024 will see the bloc take a major step toward ending US dollar dominance.

According to a new Reuters report, Russia is going to engage participating countries in taking part in building an international payment platform. Specifically, the platform would be “immune” to Western sanctions.

Imposed sanctions after Russia’s invasion of Ukraine have been a constant issue for the alliance.

Their presence has become a catalyst for the bloc’s continued efforts to promote local currencies. At the upcoming summit, those efforts are set to be magnified as they attempt to increase economic prominence on a global scale.

The proposal will be rooted in the connection of commercial banks. It would utilize blockchain, similar to the developing BRICS Pay platform. Altogether, it will likely be the continued expansion of the payment platform that has been in development for much of the last year.

@ Newshounds News™

Source:  Watcher Guru

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CHARLES HOSKINSON PREDICTS CARDANO WILL SURPASS BITCOIN AND ETHEREUM

▪️Hoskinson believes Cardano will surpass Bitcoin and Ethereum in the future.

▪️The network's growth relies on technological innovation and decentralized governance.

▪️Community focus is prioritized over marketing efforts for sustainable development.

Charles Hoskinson, the founder of Cardano  expressed his belief that the Cardano network will eventually grow larger than Bitcoin and Ethereum, providing a timeline for when this might occur. He indicated that the Voltaire era would give Cardano a competitive edge over other layer-1 networks.

Future of Cardano
Hoskinson stated that Cardano would become a larger network than Ethereum in ten years and surpass Bitcoin in twenty years. He also noted that most governments will be working on their own infrastructures in the coming decade.

Cardano being larger than Bitcoin and Ethereum would mean that ADA‘s market value would exceed that of BTC and ETH. Currently, ADA holds the eleventh position in market value, while BTC and ETH occupy the first and second positions, respectively.

Advantages of Decentralized Governance
Hoskinson firmly believes in Cardano’s superior technology compared to other networks, predicting that this advantage will become more evident over time. He emphasized the network’s competitive edge through decentralized governance and promising plans.

He highlighted the importance of decentralized governance, stating they prefer building a genuine community over merely focusing on marketing.

Despite aiming to establish an independent structure free from central intermediaries and global firms, progress toward these goals has been extremely slow, causing community dissatisfaction.

Hoskinson’s comments on the Voltaire era highlighted how Cardano distinguishes itself from other layer-1 networks, criticizing others’ reliance on venture capital funding as contrary to the purpose of blockchain technology.

His statements have sparked various opinions regarding Cardano’s potential for future growth, with experts closely monitoring how its technology and community-focused approach may influence market dynamics.

The goal of Cardano surpassing Bitcoin and Ethereum is built on its technological innovations and decentralized governance strategy, with its success dependent on market conditions and network adoption.

@ Newshounds News™

Source: CoinTurk 

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🌱 WHEN WILL THE RV GCR HAPPEN? HOW WILL I KNOW AND BE FUNDED?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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“Tidbits From TNT” Sunday Morning 10-20-2024

TNT:

US Ambassador Alina Romanowski said a “vibrant” private sector and reforms in the banking sector could attract investment to Iraq.

 Romanowski's statement, which she posted on her account on the "X" platform, came on the sidelines of a discussion she described as "fruitful" that took place with the ambassadors of the Iraqi Economic Contact Group, the Trade Bank of Iraq, and the Prime Minister's Office , announcing her support for Iraq's efforts towards sustainable and comprehensive economic development.

Romanowski concluded her post with the hashtag #ComprehensiveUS-IraqiPartnership  link

Tishwash:  Ernst & Young presents plan to reform Rafidain Bank to Iraqi Prime Minister

The auditing and financial consulting firm “Ernst & Young” submitted a package of recommendations to Prime Minister Mohammed Shia Al-Sudani, which included the new legal status of Rafidain Bank, its capital, and its work strategy to proceed with the restructuring process in a way that qualifies it to meet the global requirements for modern banking.

This came during a meeting chaired by Al-Sudani to follow up on efforts to develop the work of the government banking sector, in the presence of representatives of the international auditing company and the Governor of the Central Bank, Ali Al-Alaq, in which he stressed that the restructuring of Rafidain Bank is the first step in the government’s banking reforms, which have given special attention to following up on all reports related to it and submitted by the relevant authorities.

Al-Sudani pointed out that the restructuring will work to provide Rafidain Bank with specifications and standards through which problems can be overcome and confidence can be given to citizens, in addition to enhancing cooperation with local and foreign investors .  link

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Tishwash:  Increase in the market value of companies listed on the Iraq Stock Exchange 

The market value of listed companies increased in market Iraq For securities to exceed the 20 trillion dinar barrier for the first time Iraqi Supported by the banking sector, which represents 50% of the total market value of listed companies, and the communications sector, which represents 39% of the total market value, according to the head of the “Iraq Al-Mustaqbal” Foundation for Economic Studies and Consultations, Manar.Al-Obaidi.

He saysAl-Obaidi In a post I followed Sumerian News, the market value of banking sector companies rose from 6.88 trillion dinars Iraqi In 2021 to reach 10 trillion dinars Iraqi In 2024, the market value of telecommunications companies also increased from 7.3 trillion in 2021 to 7.82 trillion dinars.

The market value of the industrial sector declined compared to 2021, and the market value of the agricultural sector also declined over the four years, according to Al-Obaidi It shows  that the hotel and tourism sector witnessed a significant increase with a growth rate of 61% compared to 2021, so that the market value of the sector rose from 390 billion dinars in 2021 to more than 620 billion dinars in 2024.

It is expected to witness market Iraq Securities will see a significant increase in the coming months and years, especially with the improvement in the revenues of listed companies and the development of their businesses, which makes it a market capable of attracting domestic and foreign investments. It is expected that the market value of the market will reach the 50 trillion dinar barrier in the coming years .Iraqi Supported by the rise in share prices of successful companies as well as the listing of many companies, whether in the public or private sector, on the market, according to Al-Obaidi.   link

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Tishwash:  Minister of Finance participates in the activities of the Arab-Turkish Economic Forum in Istanbul

Minister of Finance Taif Sami participated today, Saturday, in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul.

The ministry said in a statement received by the Iraqi News Agency (INA): "Minister of Finance Taif Sami participated in the activities of the Arab-Turkish Economic Forum in its fifteenth session currently taking place in Istanbul, in the presence of an elite group of government officials, businessmen and investors from Arab countries and Turkey, and Arab finance ministers."

The statement added, "This year's forum focused on enhancing economic and investment cooperation between Arab countries and Turkey, highlighting investment opportunities in areas such as energy, infrastructure, manufacturing and technology."

The statement continued, "The Minister of Finance delivered a speech during the session, in which she stressed the importance of the economic partnership between Arab countries and Turkey in supporting economic growth and enhancing financial stability in the region."

Sami said in her speech on the occasion - according to the statement: "This forum represents a real opportunity to exchange experiences and build long-term strategic partnerships between Arab countries and Turkey, especially in light of the current global economic challenges. She also called for enhancing joint investments and increasing the volume of trade exchange between the two sides."

She pointed out the importance of "completing the construction of the global trade corridor and taking advantage of Turkey's strategic location and the Arab region as a bridge linking major global markets in Asia, Europe and Africa, and facilitating trade movement efficiently to expand investment and energy corridors. "

She added that "Iraq is currently working - in cooperation with the World Bank - to establish and rehabilitate railways; for the purpose of establishing the development road project, and its strategic importance in linking Asia with Europe, in addition to its economic and development returns for the two countries and regional countries."

The statement concluded, "The Minister of Finance held a series of bilateral meetings with a number of Turkish officials and their counterparts from Arab countries; to discuss ways to enhance financial and investment cooperation and discuss issues of common interest."  link

Mot: . da Thought fer da Daze!!!! 

Mot:  Sooooo -- Enjoy!!!!!

Saudi Gold Accumulation: Preparing for Currency Revaluations and Dollar Decline

Saudi Gold Accumulation: Preparing for Currency Revaluations and Dollar Decline

Awake-In-3D October 18, 2024

Recent and secretive Saudi gold accumulation aligns with a growing global trend, fueling expectations of an imminent currency reset.

The global financial landscape can feel like a never-ending puzzle, but one thing is becoming increasingly clear – the secretive Saudi gold accumulation hints at something big on the horizon.

As the kingdom stockpiles gold and shifts away from traditional dollar-based systems, we are left wondering: Are we on the verge of a Global Currency Reset?

We should certainly keep tabs on how Saudi Arabia’s gold strategy aligns with emerging financial trends, what it could mean for currency revaluations, and how these developments might reshape the world’s financial order.

A New Chapter in Global Monetary Policy

Historically, Saudi Arabia has played a critical role in upholding the global dollar-based financial framework. Its long-standing adherence to pricing oil exclusively in U.S. dollars since the 1970s secured the petrodollar system, reinforcing the dollar’s dominance.

However, Saudi gold accumulation reveals alignment with a broader de-dollarization movement and indicates preparations for a potential global financial reset.

Saudi Arabia’s gold strategy, similar to that of China and other Asian nations, reflects a departure from traditional market practices. Rather than adjusting gold imports based on market fluctuations, the Saudis continue acquiring reserves despite rising prices.

This accumulation suggests deliberate preparations for future currency revaluations or even the collapse of the current dollar-dominated financial system.

Gold’s Role in Currency Revaluations

The steady progress of Saudi gold accumulation positions the kingdom to benefit from currency revaluations (RV).

With fiat currencies under increasing scrutiny, gold offers a neutral, sanction-resistant asset. If Saudi Arabia or other nations realign their currencies with gold, exchange rate systems could shift dramatically. This would not only bolster the national currency but could also pave the way for asset-backed monetary frameworks, reshaping international trade.

Saudi Arabia’s focus on accumulating gold feeds speculation about new monetary structures. Tying the riyal more closely to gold would ripple across oil-exporting nations reconsidering their reliance on the U.S. dollar.

This aligns with the larger Global Currency Reset (GCR), where currencies could be revalued or backed by physical assets, weakening the influence of fiat systems.

The Geopolitical Context Behind Saudi Gold Accumulation

Saudi gold accumulation aligns with a growing trend among nations adjusting their reserve strategies due to geopolitical risks. After the West froze Russia’s foreign reserves in early 2022, many countries, wary of similar actions, turned to gold. China, Thailand, and now Saudi Arabia are expanding their physical reserves to safeguard against economic manipulation.

Discrepancies between reported gold purchases and actual trade flows further highlight Saudi Arabia’s hidden acquisitions. Data from the World Gold Council (WGC) and the International Monetary Fund (IMF) indicate rising central bank gold buying—often without public disclosure. SAMA seems to be quietly funneling gold into reserves while avoiding direct confrontation with the U.S., ensuring a strategic safety net for upcoming currency realignments.

What the Global Currency Reset Could Mean for Saudi Arabia

Saudi gold accumulation suggests the kingdom is preparing for a future in which currencies are backed by tangible assets. This move aligns with discussions surrounding a potential Global Currency Reset (GCR). In this scenario, national currencies with substantial gold reserves could be revalued, challenging the dominance of the U.S. dollar.

Saudi Arabia’s gold reserves not only secure economic stability but also place the kingdom in a powerful position to influence the evolving financial order. A currency revaluation could involve pegging the riyal to gold or transitioning to an oil-backed currency, compelling other nations to adopt similar measures. As more countries diversify into asset-backed currencies, the realization of a GCR becomes increasingly likely.

Oil, Gold, and the Decline of the Dollar

Saudi Arabia’s influence in both the oil and gold markets represents a significant challenge to the dollar’s status as the global reserve currency. As more countries adopt gold-backed reserves and consider alternatives to the petrodollar, the global financial system faces mounting pressure. Saudi gold accumulation mirrors similar strategies among Asian nations, such as China, in what appears to be a coordinated effort to diminish the dollar’s dominance.

By strategically increasing its gold reserves, Saudi Arabia is signaling a pivot toward a financial framework where precious metals play a foundational role. Whether through currency revaluations or a full-scale Global Currency Reset, these developments are set to reshape the global financial system, giving gold-rich nations a leading role in the emerging order.

The Bottom Line

Saudi Arabia’s covert gold purchases underscore the kingdom’s preparations for a financial future centered around tangible assets, diminishing the U.S. dollar’s influence. As nations continue shifting their reserves from fiat to gold, a Global Currency Reset (GCR) may soon realign global exchange rates and trigger currency revaluations (RV).

Through persistent Saudi gold accumulation, the kingdom positions itself as both a catalyst and beneficiary of this transformation. Whether it introduces a gold-backed riyal or plays a strategic role in shaping a multi-polar currency framework, the kingdom is clearly preparing for life beyond the dollar.

With 160 tonnes of gold already added to its reserves—and likely more on the way—the nation stands ready for whatever financial reset lies ahead.

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© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

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More News, Rumors and Opinions Saturday PM 10-19-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 19 Oct. 2024

Compiled Sat. 19 Oct. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 18 Oct. 2024 TNT: “Everything is a go. It’s going to be a super fantastic weekend. Some say by Sun. the 20th. Some say by Sat. the 19th.  Some say tonight, Fri. night. They fully plan it this weekend.”

Thurs. 17 Oct. 2024 Bruce: Bond Holders have been told they will receive their emails Thurs, Fri or Sat that would inform them of when they will have access to their accounts – which will likely be on Tues. 22 Oct. They are rolling out the toll free numbers to Tier4b (us, the Internet Group) likely by Mon. 21 Oct. and we will be able to set appointments on Tues. 22 Oct. BRICS are intending to bring out their Reserve Currency on Tues. 22 Oct.

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Fri. 18 Oct. 2024 Wolverine:

We received intel saying things started. The green light was given in Zurich as sovereign whales are advancing rapidly and some receiving payment.

Last night I got intel that someone got paid from a close contact of mine. Things are actually moving forward in that side of the world.

Also hearing things in Reno as well.

We are expecting things to happen and blast off on Monday for our big D day in Reno. Bruce’s intel was in line with what we are hearing. 

They are putting the codes in to be started. Some sort mechanism that needs to be put in to release this.

The operative on the transfer of rights on historical items global recovery group, acting as representative of seller at the sovereign buyer level, statement on the status of asset recovery Friday Oct 18, 2024: We are pleased to inform you that we have achieved crucial milestone in our process. All sovereigns have given the green light for the official start, which implies the launch of the QFS as the payment vehicle system. This progress is a testament to our continued dedication and effort.

The authorization of all sovereign marks the beginning of a new era in the management and release of payments QFS implementation: The QFS has been officially established as our payment system. This innovative system guarantees security, transparency and efficiency in all transactions.

The new strong dollar on Nov 6: The USA will introduce the new strong dollar  which symbolizes the strength and stability of our economy.That came through a couple of hours ago.

The USN has started digitally. They are already doing trading using USN, but the ones in the states will be the physical note. The commercial digital dollar is now being used as Swift system is gone.

Reno is moving the money to Zurich paymasters so they will be ready to start Monday.

There are reports that German bond holders are getting funds. Not known if funds are fiat or new USD. Holders are told to get their paperwork ready.

One of the main intel providers who comes from the Latino community/Spanish speaking community, has basically signed off, and he said this will be his last audio. He knows we are in the final stages right now, so he has given us his “good bye” He is a great intel provider, the same way Bruce is. Take care guys we are nearly there. Wolverine

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Fri. 18 Oct. 2024 Saudi Arabia is making bold moves that could reshape the global financial system—and they’re doing it quietly. Through secret purchases in Switzerland, the Saudi central bank has accumulated 160 tons of gold. This shift suggests more than just a hedge against uncertainty. It looks like the kingdom is gearing up for a Global Currency Reset (GCR) and possible currency revaluations (RV)

Fri. 18 Oct. 2024 BRICS nations—led by China—are buying gold at unprecedented levels, paving the way for a massive currency revaluation that could change how money works across the globe.

Read full post here:  https://dinarchronicles.com/2024/10/19/restored-republic-via-a-gcr-update-as-of-october-19-2024/

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

Militia Man  The evidence is abundant.  Iraq is finalizing her reforms.  With what?  The support of American partnerships especially with large economic reforms and financial aspects in Iraq...These things are going to be linking the East to the West and they told you, via what?  Iraq's Development Road Program.  They're going to need the freedom of capital movement.  That's going to be the Real Effective Exchange Rate.

Frank26   Remember when...Alaq went to the United States Treasury and then he came back and then Sudani went to the Untied States Treasury in New York...Do you know where the United States Treasury is right now? ...In Baghdad at the CBI...During this meeting, IMF probably, WTO, well of course, they're there...What did they discuss? The financial inclusion plans in Iraq and about the digital transformation.  This is all part of the monetary reform...

BRICS New Payment System “BRICS Pay” Successfully Tested & Launched! | What's Next?

We Love Africa:  10-19-2024

In what is a massive moment for the economic alliance, BRICS Pay has officially been unveiled.

At the BRICS Business Forum taking place in Moscow, participants received brand new cards for the long-awaited payment system.

The cards are the first official debut of the landmark project. Russian State Media originally reported the demo cards contain 500 rubles that can be used for payment throughout three locations at the World Trade.

Moreover, participants will be able to spend the funds throughout the Thursday and Friday events.

 Throughout the last two years, the BRICS bloc has sought increased financial autonomy. Specifically, they have sought increased de-dollarization in an effort to lessen international reliance on Western currencies.

With the bloc’s annual summit just a week away, it has made a massive step toward that goal already. The bloc’s BRICS Pay system has officially been unveiled at the collective’s Business Forum in Moscow.

Those who participate in the event have received a demo version of the payment system card. They have been giving funds to spend through the blockchain-based system.

The card can be registered through a QR code, according to firsthand reports. Additionally, the funds already placed on the card are reportedly valid for the purchase of beverages or souvenirs at the event.

The arrival is like a preview of what could come at next week’s summit. The BRICS 2024 Summit is poised to see the full launch of the payment system. There, the world should get better insight into how it will work and, more importantly, who will participate.

 It provides a clear opportunity for the global south. Specifically, it allows increased local currency trade and challenges US dollar dominance.

https://www.youtube.com/watch?v=pb9E73-72L0

Rising BRICS Gold Reserves Could Trigger Worldwide Currency Revaluation (RV)

Rising BRICS Gold Reserves Could Trigger Worldwide Currency Revaluation (RV)

Awake-In-3D  October 18, 2024

BRICS countries are positioning themselves to redefine currency values across the globe by building massive gold reserves.

BRICS Gold Purchases Signal Global Financial Realignment

Over the past two years, BRICS nations—particularly China—have increased their gold holdings, collectively purchasing thousands of tons. China alone holds over 2,800 tons, with other member states following closely. Analysts increasingly suggest these BRICS gold purchases go beyond hedging against inflation, indicating a strategy to reshape the global financial order.

By reducing US Treasury bond holdings and dollar reserves, the BRICS bloc is building a multilateral financial framework to diminish the dollar’s influence. This strategy is not just about economic security; it lays the foundation for a more substantial financial transformation.

The Multilateral Shift: BRICS Gold and the Decline of Dollar Influence

The development of the BRICS mBridge payment system plays a central role in this shift. Designed to promote trade using local currencies and gold, it provides a practical alternative to SWIFT, the US-dominated financial messaging system.

With BRICS nations moving toward gold-backed trade, they reduce exposure to currency volatility and economic sanctions. This transition aligns with the concept of a Global Currency Reset (GCR), which envisions a financial system built on asset-backed standards, reducing reliance on fiat currencies.

The New UNIT Stablecoin and Currency Revaluation Outlook

The BRICS bloc is also developing the UNIT stablecoin, a digital currency backed by 40% gold and 60% BRICS currencies, all convertible to gold. The UNIT could serve as a catalyst for currency revaluation (RV), offering a new valuation standard tied to tangible assets.

Currency revaluation involves adjusting exchange rates to reflect a currency’s true value in the global economy. The transparency and stability offered by the UNIT may prompt other nations to realign their currencies with gold-backed models, reducing volatility and restoring financial trust.

How the Global Currency Reset (GCR) Could Unfold

The introduction of the UNIT and the BRICS mBridge platform signals a shift toward a new global financial system. Several key developments may shape the unfolding of the GCR:

1. Gold-Backed Valuation Model
   Currencies linked to gold-backed systems will see their exchange rates recalibrated to reflect real asset values, driving revaluations worldwide.

2. Diversification from the Dollar
   As more nations adopt gold-backed currencies, the decline in dollar reserves will lower the dollar’s value, encouraging others to redefine their exchange rates independently.

3. Regional Currencies Anchored to Gold
   Countries outside the BRICS framework may restructure their currencies around gold-backed standards, creating a new global exchange rate system based on tangible assets.

4. Impact on Developing Nations
   Emerging economies could benefit from joining the BRICS payment system, aligning their currencies with gold-backed models. This shift may trigger revaluations, reducing dependency on the dollar and increasing financial autonomy.

Challenges and Future Implications

The transition to a new financial system presents challenges. Resistance from countries heavily invested in the dollar-based system is expected, and the rollout of the UNIT and the BRICS mBridge must be carefully managed to avoid disruptions.

Geopolitical risks are also likely, as the US and its allies may respond with sanctions or other economic measures to defend the dollar’s dominance. However, with the BRICS bloc accounting for over 37% of global GDP, efforts to halt this shift may not be sufficient to stop the momentum toward de-dollarization.

The Bottom Line: A Period of Economic Realignment

The accumulation of BRICS gold reserves and the development of a gold-backed financial system mark the beginning of a global economic shift. As the group advances the UNIT stablecoin and the BRICS Bridge payment platform, the financial system is poised for a Global Currency Reset (GCR).

This reset will likely result in currency revaluations (RV) worldwide, as nations adopt gold-backed standards for greater financial stability and independence from the dollar. Though challenges remain, the BRICS gold-backed strategy represents the rise of a multipolar financial order that will redefine global trade, finance, and currency valuation.

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© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

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