Seeds of Wisdom RV and Economic Updates Tuesday Evening 11-5-24

Good Evening Dinar Recaps,

COINBASE DERIVATIVES TO LAUNCH SILVER AND STELLAR FUTURES

Coinbase Derivatives is expanding its portfolio of CFTC-regulated products with the introduction of futures contracts for silver (SLR) and stellar (XLM) in retail sizes on November 11.

More Options for Retail Traders With Silver (SLR) and Stellar (XLM) Futures

The latest addition to Coinbase Derivatives which already includes bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), litecoin (LTC), DOGE, SHIB, AVAX, DOT, LINK, Gold, and Oil will expand the company’s offering for retail traders.

Coinbase’s primary goal in launching new futures contracts is to create diversified markets that support risk management and price discovery. 

This informed the offering of the contracts in retail sizes, 50 troy ounces of silver and 5,000 stellar, removing obstacles for traders of all skill levels and enabling more participation in the futures markets.

In the blog post, Coinbase shared that adding traditional commodities such as silver along with a top cryptocurrency in stellar will create a more holistic trading environment.

Along with gold, silver has long been seen as a strategic asset that can provide some protection from market volatility and inflation. Stellar is well-known for providing quick and affordable cross-border payment solutions, adding a unique element to Coinbase’s offerings in digital asset derivatives.

CFTC-regulated derivatives are financial contracts whose value is derived from an underlying asset. These contracts are overseen by the Commodity Futures Trading Commission (CFTC) to ensure market integrity, investor protection, and systemic risk mitigation.

@ Newshounds News™

Source:  Bitcoin News

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EUROCLEAR, HSBC JOIN SINGAPORE’S GL1 PUBLIC PERMISSIONED BLOCKCHAIN INITIATIVE

Five banks have been working with the Monetary Authority of Singapore (MAS) to flesh out its vision of the Global Layer One (GL1) blockchain, a public permissioned blockchain network that could form the foundation of numerous applications. 

The five institutions are BNY, Citi, J.P. Morgan, MUFG and Societe Generale-FORGE. They will now be joined by HSBC and Euroclear. Some of the project’s scope has also been expanded.

There’s some crossover between the GL1 concept and the BIS’s unified ledger. Both aim to create a single infrastructure that will support multiple applications and asset classes. GL1 aims to enable trading, settlement, payments, collateral, corporate actions and more on a shared network.

When the group published the report on the first phase of work in June, we noted a willingness to embrace disruption by eliminating the need for key roles performed by central securities depositories (CSD). However, now a CSD (Euroclear) is one of the architects.

A major contribution that Euroclear brings is the digital asset securities control framework it developed with the DTCC and Clearstream.

That framework outlines six high level principles below and them maps each to risks and the specific controls to address those risks.

The six principles are:

▪️Legal certainty
▪️Regulatory compliance
▪️Resilience and security
▪️Safeguarding customer assets
▪️Connectivity and interoperability
▪️Operational scalability

Hence, MAS has created a new financial market infrastructure (FMI) working group to focus on these control principles, which will involve other FMIs.

Expanded GL1 scope
These principles will be applied to settlement arrangements for cross border transactions on FMIs and collateral management, amongst other applications.

Perhaps the most challenging new task is to develop a business model that doesn’t just work for banks but other ecosystem players as well.

The group will also develop specifications for tokenized asset lifecycles and programmable compliance.

We’d observe that as the group gets larger, it might require compromises as different participants may have worked on separate standards, which may not always be compatible. Developing common ground is a key path to interoperability.

Meanwhile, yesterday MAS outlined its vision for transitioning tokenization from experimentation to commercialization. GL1 is one of four pillars in that process.

@ Newshounds News™

Source: Ledger Insights

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🌱GAME CHANGER - LITHIUM  |  Youtube

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@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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9 Ingenious Places To Hide Spare Keys

9 Ingenious Places To Hide Spare Keys

Don't get locked out of your house when you use these best places to hide a spare key

Anika Gandhi  Anika’s DIY Life  Mon, October 28, 2024

For decades, people have been stashing spare keys outside their homes to avoid the dreaded lockout. With how often it happens, it only makes sense to have an accessible backup! But the classic “under the doormat” hiding spot? That’s the first place a potential intruder will check.

Say goodbye to predictable hiding spots and discover more secure ways to keep your spare key accessible without sacrificing safety. These unexpected yet clever spots will make finding your key challenging for strangers and easy for you when you need it most!

There’s no guarantee that a burglar won’t still find them, but it will be a lot harder, and they may, hopefully, give up the search and leave.

Whether on the porch or back patio, a patio chair is an easy but discreet hiding spot. Secure the spare key in a hide-a-key box for added protection, then attach it under the chair using strong adhesive tape.

These small hide-a-key boxes are affordable and add an extra layer of peace of mind.

2. On A Privacy Fence

A privacy fence can be an ideal place to stash your key in plain sight.

Hang the key on a small nail tucked discreetly under the top rail, or tape it to the inside of a pole cap. Just be sure it’s out of easy reach, so it’s hidden yet accessible when needed.

3. On A Nearby Tree

View of the main entrance to the house from the adjacent garden

If you live near trees, they can make great storage spots for keys. Use a small nail or weatherproof tape to secure the key in an inconspicuous location, like a branch crook or hidden under some bark.

Be sure to check it after storms to ensure it’s secure!

TO READ MORE: https://www.yahoo.com/lifestyle/story/9-ingenious-places-hide-spare-142005333.html

Silver Exchanges Would CLOSE If This Happened | Bill Holter

Silver Exchanges Would CLOSE If This Happened | Bill Holter

Liberty and Finance:  11-5-2024

Former Wall Street branch manager and precious metals expert Bill Holter discusses the unsustainable trajectory of U.S. debt and its potential consequences for the economy.

He emphasizes the importance of securing wealth in physical gold and silver, highlighting the risks of holding assets in the traditional financial system.

Holter also touches on the real estate market, warning of a potential collapse in property values as credit tightens. Reflecting on past economic crises and current geopolitical trends, he suggests that countries like Russia and China are positioning themselves for a future where metals like silver and gold become central to global finance.

Holter predicts that as the demand for precious metals rises, particularly from sovereign nations, the price of gold and silver will surge, driven by both supply constraints and the impending financial instability.

INTERVIEW TIMELINE:

0:00 Intro

1:55 Debt bubble

4:35 Real estate

8:53 Civil unrest

14:19 Silver: 2011 vs now

23:30 Gold & silver storage

25:10 Privacy in gold & silver

28:20 Junk silver

https://www.youtube.com/watch?v=wjT3M_h5zBY

Iraq Economic News and Points To Ponder Tuesday Afternoon 11-5-24

Al-Sudani Directs Quickly To Abandon Paper Transactions At Customs And Adopt Electronic Transformation

 Politics | Yesterday, |  Baghdad Today – Baghdad  Today, Monday (November 4, 2024), Prime Minister Muhammad Shiaa Al-Sudani directed the immediate departure of paper transactions at customs and the adoption of electronic transformation.

 The Prime Minister's Media Office said in a statement received by "Baghdad Today", "Al-Sudani chaired a meeting to follow up on the procedures for automating work in customs, during which the detailed plan for implementing the second phase of the automation process was reviewed."

He added,  "The meeting witnessed a discussion of the mechanisms by which the process of transformation and automation takes place at border ports and crossings, where 11 crossings were completed, targeting the ports with the highest revenues and the most prepared to switch from paper to electronic transactions."

Al-Sudani directed, according to the statement, “to complete the laying of the optical cable and deliver it to all remaining crossings, in a way that contributes to the transfer of information and its availability at all ports,”

 reiterating his “emphasis on the importance of abandoning paper transactions at customs, and adopting automated electronic dealings, for the success of this program, which The government adopted it, as

 it is one of the most important axes of economic and administrative reform, and achieves efficiency, transparency, and simplification of procedures, as well as maximizing the state’s financial revenues.”  

https://baghdadtoday.news/261405-السوداني-يوجّه-بسرعة-مغادرة-التعاملات-الورقية-في-الكمارك-واعتماد-التحول-الإلكتروني.html    

The Council Of Ministers Decides To Compensate The Region For The Costs Of Producing And Transporting Oil, With Immediate Delivery To SOMO

 Politics |  Baghdad Today – Baghdad   Today, Tuesday (November 5, 2024), the Council of Ministers approved a proposal to amend Article (12/Second/C) of the Tripartite Budget Law No. (13 of 2023) regarding the oil of the Kurdistan Region.

 The amendment to the proposal, according to what was stated in the Council’s decision, according to a statement from the Prime Minister’s Office, received by “Baghdad Today”, included the following:

 1- The Federal Ministry of Finance undertakes to compensate the Iraqi Kurdistan Regional Government from sovereign expenditures for production and transportation costs, for the quantities of oil produced in the region that are received by the Oil Marketing Company (SOMO), or the Federal Ministry of Oil in accordance with paragraphs (a) and (b). of this clause, provided that the fair estimated costs of production and transportation for each field are calculated separately, by a specialized international technical advisory body, determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within (60) days from the entry into force of this law, and in the event of disagreement During the aforementioned period, the Federal Council of Ministers shall determine the aforementioned advisory body.

 2- The consultant mentioned in the previous paragraph submits the estimated production and transportation cost to the Ministries of Oil, the Federal Ministry of Finance, and the Kurdistan Regional Government of Iraq, and

 it is approved for the purposes of this law, and the calculation of the aforementioned compensation is based on the mentioned cost per barrel multiplied by the number of barrels received in accordance with paragraphs (a) and (B), of this clause, and the Federal Ministry of Finance shall pay the amounts to the regional government.

 3- Immediately proceed to deliver the oil produced in the region to the Oil Marketing Company (SOMO), or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, and the costs of production and transportation will be compensated by the Federal Ministry of Finance as an advance, at a rate of (16) Dollars per barrel, to be settled later after the completion of the specialized technical consultant mentioned above, and retroactively from the date of commencement of delivery in accordance with this amendment. https://baghdadtoday.news/261494-مجلس-الوزراء-يقرر-تعويض-الإقليم-من-كلف-انتاج-ونقل-النفط-مع-تسليمه-فوراً-لسومو.html    

Hawraa Al-Qassab: Sovereign Guarantees Boost The Iraqi Labor Market
 
November 3, 2024 Last updated: November 3, 2024  Independent/- The economic affairs specialist, Hawraa Nouri Al-Qassab, confirmed that the
 
sovereign guarantees that the government announced to provide to the private sector will work to activate the reality of work within the Iraqi economy. Al-Qassab said:
 
The sectors of the Iraqi economy are thirsty for work and to revive their joints through major projects implemented in all of Iraq. She added that
 
sovereign guarantees will provide capital and advanced technology that will facilitate the reality of business in Iraq and reduce time and effort. She indicated that
 
this step is the most important at the present time, as it will reduce the burden on the federal budget and the Ministry of Finance.   https://mustaqila.com/حوراء-القصاب-الضمانات-السيادية-تنهض-ي/     

Sovereign Guarantees...A Trend That Promotes National Industries

 Economical 11/04/2024  Baghdad: Hussein Thaghab   Economic circles described the provision of sovereign guarantees, which was presented during the Iraq Economic Forum, and was held under the patronage of the Prime Minister, as an important and necessary matter in attracting major investments to Iraq with its capital and advanced technology.

The forum focused on the issue of providing sovereign guarantees to private sector companies, which aim to Obtaining financing from international institutions, knowledge of the Central Bank, and working to develop the industrial sector and reduce imports.

 Head of the Sovereign Loans Initiative, Muhammad Sahib Al-Daraji, reviewed the reality of the Sovereign Guarantees Initiative, which was included in the three-year budget law, and includes selecting priorities through a specialized committee that determines the industries included in the initiative.

 He focused on the mechanism for Iraqi businessmen to obtain financing for their industrial projects from foreign institutions, with a total value of the projects amounting to 750 million dollars annually, and 85% of the value of the project is financed through the initiative of international institutions from countries with which memorandums of understanding have been signed, including five European countries and Japan.

 Provided that the Iraqi investor has 15% of the cost, has international trade relations, and guarantees 25% of the project facilities, and the Iraqi government is the guarantor of payment after two years of project implementation, at a rate of Reduced interest not exceeding 1.5% annually, and the amount is paid via TBI and in Iraqi dinars.

 Head of the National Investment Authority, Haider Makiya, said:

Iraq is about to implement a large workload of projects, and this approach will ease the burden of the Ministry of Finance, and will provide financing for these projects with a mechanism that can be described as acceptable by international financial institutions known by the Central Bank of Iraq.

 He pointed out that the large volume of work makes us welcome such funding, which brings great benefit to Iraq.

 Member of the Iraqi Businessmen Union, Ahmed Maklaf, said:

 The government issued, in accordance with the Federal Budget Law 2023-2024-2025, the sovereign guarantees initiative to support the private sector to finance industrial projects.

85% of the value of the equipment, which enters production factories, provided that this equipment is modern with international specifications, intentionally preserves the environment and increases local production to avoid imports and preserve hard currency, which leaves Iraq to import various consumer products and Iraq’s promises to self-sufficiency for all basic industries.

 The government issued this important project, which industrialists consider to be a golden initiative that will develop the industrial field quickly and regularly.

 Economist Dr. Salwan Al-Nouri described sovereign guarantees as an important factor in bringing quality investments to the national labor market. He added that

Iraq represents an important interface for specialized international companies, which have come to realize that the volume of work in Iraq is large and broad and accommodates major local and international efforts.

He pointed out that  guarantees are one of the most important requirements that bring capital and advanced technology to the national labor market, which can achieve a major shift within the field of the national economy searching for real quality investments.

 In turn, the specialist in economic affairs, Qasim Al-Maliki, stated:

 Guarantees can achieve integration in the investment sector between the Iraqi field of work and the qualitative investment effort wishing to work in Iraq. He cautioned that

 if guarantees are available for investments, we must choose companies that have

     weight in the global economy,

     have a name in the labor market, and most importantly, that they

     specialize in the field of implementation, within which they intend to work. He stressed

the importance of organizing the investment process in the country, pointing to the importance of forming a specialized body that facilitates executive procedures and keeps them away from complexity.

 In return, investment companies are required to implement them within the times specified in the referral decision and within the required specifications.   https://alsabaah.iq/105286-.html    

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

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 11-5-24

Good Afternoon Dinar Recaps,

BLOCKCHAIN AFRICA CONFERENCE 2024: SET TO SHOWCASE LATEST DEVELOPMENTS IN AFRICAN BLOCKCHAIN AND CRYPTO INNOVATION

South Africa – Blockchain Africa Conference 2024 is set to unite blockchain developers, influencers, investors, entrepreneurs, and business leaders worldwide at the CSIR International Convention Centre in Pretoria (Tshwane) on 20 November 2024.

This premier event, marking the 10th edition and organized by Bitcoin Events, will foster collaboration and provide participants with insights into Africa’s dynamic and rapidly evolving blockchain and cryptocurrency ecosystem.

The conference offers a platform for networking, knowledge sharing, and collaboration, bringing together local and international experts to discuss the most significant trends in cryptocurrencies and blockchain technology.

Key Highlights of Blockchain Africa Conference 2024:

Engaging Keynote Speakers:

Charles Hoskinson (Virtual Keynote Speaker) – Founder of Cardano and IOHK. In his session titled “Empowering Africa’s Digital Future,” Hoskinson will share Cardano’s initiatives in Africa, focusing on their traction over the last six years in South Africa, Ethiopia, Kenya and Tanzania, amongst others.

Cardano has been instrumental in driving blockchain adoption in these regions through partnerships and projects aimed at improving digital identity, financial inclusion, and education systems.

Notably, in Ethiopia, Cardano collaborated with the Ministry of Education to implement a blockchain-based system to track the educational progress of 5 million students.

In South Africa, Cardano continues to engage with local developers and stakeholders to support blockchain education and develop sustainable solutions for economic growth. Hoskinson will outline these efforts and discuss future plans for expanding blockchain’s positive impact across the continent.

Ernest Mbenkum – Founder and CEO of Interstellar Inc. His keynote, “Pan-African Payment and Settlement System (PAPSS) and the Africa Currency Marketplace,” will delve into how PAPSS is transforming cross-border trade in Africa.

By facilitating transactions across 42 African currencies without relying on intermediary currencies like the U.S. dollar, PAPSS significantly reduces transaction costs, potentially saving up to $5 billion annually.

Developed in partnership with the African Union, the system already includes 115 commercial banks and 15 central banks, enhancing economic integration and streamlining payments across the continent.

Stafford Masie, Ex-CEO of Google Africa and current board member at Discovery Bank, will present on “The Power of Bitcoin: Exploring the Ingenious Mechanism of Proof of Work”. His keynote will highlight how Bitcoin mining in Africa offers unique opportunities for both individuals and organizations.

Panel Sessions Featuring Industry Giants:

The Role of Crypto Exchanges in Africa and Beyond: Featuring Chris Maurice (CEO and Co-Founder of Yellow Card), Badi Sudhakaran (Co-Founder and Chief Product Officer of VALR), and Marius Reitz (General Manager for Africa at Luno).

This session will delve into the role of crypto exchanges, the adoption of stablecoins, and how they are transforming cross-border payments and remittances in Africa.

Digital Assets: Navigating the Regulatory Landscape in South Africa: This panel will include a representative from one of South Africa’s regulatory bodies, Anne Njoroge (Chief Legal Officer at BankservAfrica) and Michail Le Roux (Senior Legal Counsel at Hanekom Attorneys Inc.) who will discuss recent developments like the issuance of CASP licenses and regulatory clarity for stablecoins in South Africa.

Fireside Chat: “OGs Unplugged – Insights from Crypto and Blockchain Trailblazers, 10 Years Later”: In celebration of the 10th edition of the Blockchain Africa Conference, this special fireside chat, will feature early pioneers like Elizabeth Rossiello, CEO of AZA Finance, and Ernest Mbenkum, Founder of Interstellar Inc. and the Bantu Blockchain Foundation.

 Both Elizabeth and Ernest have been instrumental in the development of Africa’s blockchain landscape, with Elizabeth having spoken at the inaugural conference back in 2015.

This session will not only reflect on their decade-long journeys but also explore how the industry has transformed over the years. Attendees can expect an engaging discussion on the evolution of blockchain technology in Africa, the impact of regulatory changes, and insights into future opportunities as we commemorate a decade of innovation and growth in the African crypto and blockchain space.

Stablecoins in Africa: Understanding Their Adoption and Impact: Panelists will explore the adoption and use of stablecoins across Africa, emphasizing their role in mitigating currency volatility and offering solutions for cross-border trade.

With nearly 70% of African countries facing foreign exchange shortages, stablecoins have emerged as a powerful tool for businesses and institutions to manage liquidity and stabilize their operations.

Connecting Cape Town’s Vibrant Web3 Community
Following the main event in Pretoria, the conference will move to Cape Town for a dedicated networking event with the local Web3 community.

 This exclusive gathering will allow international delegates to connect with Cape Town’s dynamic blockchain innovators, further expanding their networks and deepening their understanding of Africa’s thriving blockchain ecosystem.

@ Newshounds News™

Source:  CoinPedia

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CHAINLINK POWERS PILOT WITH SBI AND UBS FOR TOKENIZED FUND OPERATIONS ACROSS CHAINS

▪️An SBI and UBS pilot program that uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has been completed.

▪️Chainlink recently announced its CCIP Private Transactions to promote the privacy of data among financial institutions.

Chainlink (LINK) has announced that SBI Digital Markets & UBS Asset Management have successfully completed a pilot program using Chainlink’s industry-standard Cross-Chain Interoperability Protocol (CCIP). According to an attached release, the CCIP was used to create a digital transfer agent smart contract to facilitate cross-chain communication with the tokenized fund contract.

Using the Chainlink platform and the feasibility of smart contracts, the pilot demonstrated the feasibility of streamlining fund operations across different blockchains and financial systems to force a shift in operational efficiency and transparency for the mutual fund industry worth around $63 trillion.

We’re excited to announce that SBI Digital Markets & UBS Asset Management successfully completed a pilot using Chainlink CCIP to streamline tokenized fund operations across different chains & financial systems.

More About the Pilot Program
According to our research, the Project Guardian pilots led by the Monetary Authority of Singapore and participated by the SBI Digital Markets (SBIDM) are focused on driving commercial adoption.

Meanwhile, SBIDM is also creating an end-to-end primary and secondary market distribution of tokenized securities. This is done through the connection of regulated digital asset exchanges across different regions in addition to collaboration with leaders in blockchain technology.

According to the Chief Executive Officer of SBI Digital Markets, Winston Quek, the team has adopted an “open and interoperable architecture in both operational structuring and tech engineering” to enable institutional investors to join the quest to unlock efficiencies via blockchain technology.

This year, SBI Digital Markets has focused its efforts on building regulated frameworks to facilitate the end-to-end flow of tokenized securities. From origination, tokenization, distribution, digital custody, listing on digital asset exchanges and building secondary trading – we have put in place workflows for efficient cross-border distribution networks whilst allowing for dual issuances in traditional and tokenized formats.

Delving deeper into the report, we uncovered that SBIDM has built on the success of its 2023 Project Guardian technical pilot with UBS Asset Management to achieve further operational efficiencies with smart contracts which are based on “automation of fund subscription and redemption workflows.”

Chainlink’s CCIP Private Transaction
Chainlink recently announced the launch of its CCIP Private Transactions to enable financial institutions to maintain data confidentiality. According to our report, Australia and New Zealand Banking Group (ANZ) was among the first to pilot its capabilities under the “Monetary Authority of Singapore (MAS) Project Guardian initiative.”

These new privacy capabilities allow institutional users to define privacy conditions in a manner that would privatize on-chain data from third parties.

Commenting on this, Chainlink co-founder Sergey Nazarov explained that the blockchain industry has not provided sufficient privacy for financial institutions to integrate them successfully as far as institutional transactions are concerned.

Now that private transactions across chains are possible, we expect an even greater influx of institutional adoption of blockchains, CCIP, and the Chainlink standard in general.

We are excited to continue our collaboration with ANZ and explore how to make large transactions across multiple chains in a way that helps meet their compliance and legal requirements, enabling their entry into the market and the growth of the entire blockchain industry through their exciting participation.

@ Newshounds News™

Source:   Crypto News Flash 

Read more:  MAS Project Guardian

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🌱 TREASURY - CBDCS OVER STABLECOINS | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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More News, Rumors and Opinions Tuesday Afternoon 11-5-2024

US Treasury Adds $104 Billion to National Debt in One Day

US Treasury Adds $104,000,000,000 To National Debt in One Day As Total Outstanding Debt Shatters Record High at $35,951,000,000,000

Daily Hodl Staff   November 4, 2024

The US national debt just hit a new record high after the Treasury Department added $104 billion to its outstanding balance in a single day.

The Treasury’s Debt to the Penny database shows the government’s pile of debt is close to $36 trillion, clocking in at $35.951601173936 trillion.

The US shattered the $35 trillion barrier in late July.

The grim milestone comes as a study from the nonpartisan Committee for a Responsible Federal Budget shows both presidential candidates will add trillions more to the national debt.

The CRFB says a Harris presidency could add $3.5 trillion to the debt over ten years, while a Trump presidency could add 7.75 trillion in the same time frame.

However, the agency warns its models have a wide range of possible spending outcomes.

“Our estimates come with a wide range of uncertainty, reflecting both different interpretations and estimates of the policies.

Under our low- and high-cost estimates, we estimate Vice President Harris’s plan could increase debt by between $300 billion and $8.30 trillion through 2035, while President Trump’s plan could increase debt by between $1.65 and $15.55 trillion.”

The agency says its estimates reflect the “expected fiscal impact” of the policies that the candidates have laid out on their campaign websites, official announcements, white papers and social media posts.

“The national debt currently stands at 99% of Gross Domestic Product (GDP) and is projected to grow from 102% of GDP at the start of FY 2026 to 125% by the end of 2035 based on the Congressional Budget Office’s (CBO) current law baseline.

The debt will exceed its record as a share of the economy – 106% set in 1946 – in just three years. Debt would continue to grow faster than the economy under either candidates’ plans and in most scenarios would grow faster and higher than under current law.”

Source: The Daily Hodl

https://dinarchronicles.com/2024/11/04/us-treasury-adds-104-billion-to-national-debt-in-one-day/

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

Mnt Goat  ...when you go to the bank to exchange the US Treasury is going to fund the initial exchange for the bank. It is all electronic...The US Treasury will own then own dinar. These banks will then turn a profit with the US Treasury for being the broker in the exchange. It will benefit them to collect as much of the 3 zero notes as possible...The US Treasury will keep a certain amount of the three zero notes for inter-banking and global trade with Iraq... Iraq has already guaranteed oil credits at so much a barrel...The US Treasury fully intends to also sell these oil credits at a profit margin to other countries needing the Iraq oil. I have asked my CBI contact multiple times on the fixed credit rate and I got varied amounts from $30 – 35 a barrel. So, it is not like Iraq has to shell out trillions back to the US to cover the cost of the funds for the exchanges...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  These exchange centers, they are dealing in dinars right now.  What they're doing is taking in the old three zero notes that we citizens have been holding on to for years...and putting that into the electronic platform.  We have paper to show us what we have in the bank.  It's the new electronic system.   FRANK:   The reason for it is because those numbers at a flip of a switch will be recalculated with the new exchange rate and credited to the citizens of Iraq...Dinar mattresses...you know very well what this means...The fact that they found a way to bring them in is just fantastic news.  This just speeds it up.

Tishwash:  The slogan "Made in Iraq" .. This is what it needs to achieve "real impact"

Economic expert Safwan Qusay confirmed that the slogan "Made in Iraq" will not achieve a real impact unless the appropriate financial tools are provided to enhance local industrial production.

Qusay said, "Recovering the due funds will contribute to expanding the scope of the Industrial Bank's influence in supporting the national industrial machine," adding that "Iraq is in dire need of specialized loans to support various industries such as tourism, entertainment, and the fishing industry, as these areas generate revenues that contribute to strengthening capital." 

Qusay explained that “the government’s support for local industry is not a paragraph placed in the general budget, but rather it can be done through purchasing local products for federal ministries, with the ministries’ allocations being transferred to the Ministry of Industry.” 

He pointed out that "the Industrial Bank needs a larger capital than announced, noting that achieving this goal can be done by recovering part of the debts due on some industrial loans and supporting projects affiliated with the Ministry of Industry through investments from the private sector."link

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Iraq CBI Reveals Plan-Argentina's Currency Investment

Edu Matrix:  11-5-2024

In this video, we dive into Iraq's recent digital banking initiatives to increase financial transparency and cybersecurity. With Central Bank Governor Ali Al-Allaq advocating for digital innovation, Iraq is emerging as a leader in the Middle East’s digital financial sector, setting the stage for future developments in digital currency.

The video also shares insights into Argentina's Central Bank's activities and the currency status for investing purposes. The president of Argentina is slowly getting rid of the country's shadow government to bring the country's finances into alignment.

Sources: US News Money / Reuters / Buenos Aires Times / Yahoo Finance

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

“Coffee With MarkZ” Tuesday Morning Chat 11-5-2024

PDK Note:  I only transcribe RV/Financial news and intel. Not political opinions ( unless RV related) or most guests on this podcast.  Thank you

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Morning and welcome to the big day

Member: We’re living the Final Countdown folks. Let the games begin…

Member: Feel like a kid on Christmas morning waiting to unwrap my gift. Hoping I get the one thing I asked for.  Come on RV

Member: Mark you still stand on what your first basket currencies are?

MZ: Yes I still think dinar, dong, Indonisian Rupiah, A good chance we will see the Venezuelan Bolivar. We should see the Zim in there as well…..IMO…But I don’t think we will see the Iranian rial in the first basket. But I could be wrong.

Member: There is a lot of chatter about the Chinese Yuan going in the first basket.

MZ: I believe the Yuan will also be in the first basket.

Member: Venezuela was one of the attendees at the BRICS meeting that happened last month

Member: Just bring all the currencies you own to the exchange appointment…..exchange what they can/will…save the rest for later when whatever country’s currency  you have will exchange.

Member: When will we know what currencies are in the first basket?

Member: Last published list: 1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly20. India 21. Libya 22. Japan23. Zimbabwe

​​Member:  Truist Bank systems down

MZ: Most of the news today is very quiet as everyone is watching the election. Bond folks, groups, banking are right now sitting at the edge of their seats waiting for results tonight or the wee hours of the morning. Everyone is waiting to see which shoe will drop. The left shoe or the right shoe.

MZ: I was told that after election is over and one has conceded…they will immediately start paying bonds. There are some outliers who believe they may wait until Jan. 20th to start….but I believe it will be quicker.

MZ: We all need to buckle and be prepared for the next day or two.

Member: Some states are already saying it will take them many days to counts ballots….

​​Member: SUPREME COURT WILL NOT ALLOW LATE VOTING PAST THE ELECTION NIGHT

MZ: “The new slogan “Made in Iraq” This is about what he needs to make a real impact” I do love the conversation going on in Iraq right now and the diversification and it is a nationwide effort.

MZ: “ Parliamentary Committee: The Social Security fund has become sovereign and the legislation of the law is a step to achieve social justice” Citizens will have their own numbered accounts. It belongs to them…not the government. It is sovereign. This is a key word right now in Iraqi politics.  In order to be sovereign they need a sovereign currency.

MZ: Last night we talked about the Arab dinar where they are attaching their currencies to a common basket of goods and currencies. This means a float and no longer a government pegged money in Iraq. They are giving us all the crumbs….just follow it home.

MZ: “The election of the new speaker of Parliament will contribute to the legislation of important and obstructed laws”  I have a few folks in Iraq that are convinced that sitting the new speaker was important and now I know why. They specifically name the HydroCarbon Law in this article…The HCL!!!  There was a lot of meat to go with those potatos.

Member: After MM’s video last night, I was hoping to wake up to phone numbers. Come on Mark, get on that

Member: Maybe the new dinar rate will be published in the Gazette tomorrow? New Gazette are published on Wednesday’s and Saturdays.

Member: I just read Iraqi will submit important laws and submit the 2025 budget. Which means submitting the budget into the gazette. !!!

Member: Remember Sudani said that the monetary reform in Iraq would be done by Victory day which is Dec 10th!!

Member: I have my own bank story. I went to Ameris Bank yesterday to open up an account. I had a conversation with the asst. mgr who was helping me. I told her that I had currency and was waiting on the rate to change and she looked at me and smiled and said I'm sure by the end of this week you will see a rate change in the foreign currency market

Member: Is there a time limit to how long we can exchange?

Member: Mark always said we should have 10 days to make appointments and 30 days to exchange currencies.

Member: oh let's just get this thing over with so we can get back to life

Member: There is no way we came all this way for nothing. This is the end of the old system and the beginning of a fantastic new system! No matter what!!!

Member: May we live long and prosper in a golden age!!!!!!

Member: Stay safe today everyone…….looking forward to election results tonight. Come on RV

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

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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.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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“Tidbits From TNT” Tuesday 11-5-2024

TNT:

Tishwash:  Launch of the International Chamber of Commerce in Iraq

The activities of the International Chamber of Commerce were launched in Baghdad on the sidelines of the International Arbitration Forum, with the aim of bringing the Iraqi economy closer to the world and achieving beneficial integration that changes the shape of the national economy and makes it occupy its true place among the world’s economies.

Chairman of the Parliamentary Investment Committee, Hassan Al-Khafaji, stressed that “the launch of the International Chamber of Commerce in Iraq contributes to discussing challenges at the local and international levels and works to stimulate international investments in the country in a way that enhances sustainable development trends.”

He added that “this step works to integrate Iraq with the world and its various markets with all their specializations,” and pointed out that “his committee supports all initiatives that advance the national economy and bring it closer to global economies.”

Global Economy

The representative of the President of the Federation of Chambers of Commerce, President of the Najaf Chamber, Haider Al-Athari, stated that “the opening of the chamber came to activate integration between the public and private sectors, as the Ministries of Trade and Foreign Affairs played an important role in this achievement, in addition to the role of the Federation of Chambers of Commerce and the private sector, which made a great effort in order for Iraq to take its real role in the global economic arena and be an important part of it.”

Business environment

The Director General of the Private Sector Development Department at the Ministry of Commerce, Malik Al-Durai’i, said: “The opening of the chamber represents an important step to enhance the business and investment environment in Iraq and came with the government’s support for the private sector, which will work to create global economic partnerships.”

He pointed out that “this step reflects the extent of Iraq’s commitment to openness to the global economy,” and pointed out that “the presence of international commercial arbitration in the country constitutes an important incentive for investments to enter the local labor market.”

Government vision

Deputy Chairman of the National Investment Commission, Salar Mohammed Amin, stressed that this step is “important for the Iraqi economy and brings Iraq closer to global economies, especially after the national economy witnessed openness to the international economic system, which is part of the Iraqi government’s vision.”

He pointed out that "international expectations indicate that the Iraqi economy will be the fastest growing in the coming years and will achieve a doubling of economic growth, and these are signs that encourage international efforts to enter the Iraqi field of work."  link

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Tishwash:  Parliamentary consensus to pass controversial laws soon - Urgent

 Member of the House of Representatives, Muhammad Al-Ziyadi, confirmed today, Tuesday (November 5, 2024), that the politically disputed laws will soon be passed during the next stage.

Al-Ziyadi said in an interview with Baghdad Today, "There is a parliamentary consensus on passing the controversial laws that were postponed for more than one session due to political differences, especially since those laws were postponed by some parties under the pretext of the absence of a parliament speaker who represents a major component of the Iraqi people."

He said, "The upcoming sessions will witness the passing of these laws, and there is a parliamentary consensus on this. There is also the possibility of extending the legislative session for one month in order to decide on these laws."

Al-Zaydi explained that "these laws require dialogues and consultations to put the final touches on them at the legal and political levels."

Last Thursday, the House of Representatives settled the issue of the position of the Speaker of the House, granting confidence to Mahmoud Al-Mashhadani after two rounds of voting.

According to observers, the Iraqi parliament, in its current session and the last three sessions, is facing accusations of repeated negligence in completing the voting on dozens of important laws that affect the lives of citizens.

Some of these laws relate to important economic issues, the distribution of wealth, and freedom of expression, by postponing these laws to later sessions, for reasons that can be summed up as disagreements between parties on the one hand, and the repeated absences of representatives on the other hand, in addition to the fact that some of these laws do not conform to the interests of different political parties and factions.  link

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

Tishwash:  The Private Banks Association announces its support for Al-Sudani’s approach to localizing private sector employees’ salaries

The Iraqi Private Banks Association announced today, Tuesday, its full support for the directives of the Prime Minister, Mohammed Shia Al-Sudani, regarding the localization of salaries of private sector employees.

The Executive Director of the Iraqi Private Banks Association, Ali Tariq, said in a statement received by / Today's News / that "we appreciate the Prime Minister's directives to localize the salaries of private sector employees, and move from the use of cash to electronic payment in government institutions in the middle of next year completely, which are directives that reflect the government's commitment to implementing its approach to financial and economic reform."

He added, "Localizing the salaries of private sector employees, similar to public sector employees, and activating electronic collection, has great economic importance represented in increasing the rate of financial inclusion, improving transparency, supporting the digital economy, and increasing credit granted to the public, in addition to improving administrative efficiency and implementing automation in most public and private institutions, and increasing financial security.
" Tariq pointed out that "the Iraqi Private Banks Association is committed to full cooperation with government agencies and financial institutions in the country to achieve these goals." 

The Executive Director of the Iraqi Private Banks Association confirmed "the association's readiness to support all initiatives aimed at modernizing and developing the infrastructure of the financial sector." 
Tariq concluded his speech by saying, “We believe that these steps will enhance the stability of the financial system and push economic growth towards better levels, which will benefit individuals and institutions alike.”  link

Mot: I Did It! .. Finally managed to adjust the clock on the stove.

Mot:  ................ the ""Day After""  

Seeds of Wisdom RV and Economic Updates Tuesday Morning 11-5-24

Good Morning Dinar Recaps,

COINBASE’S L2 BASE WELCOMES FRANKLIN TEMPLETON’S TOKENIZED FUND

Coinbase’s Ethereum scaling solution has onboarded its first large wealth manager, Franklin Templeton, the $1.5 trillion Wall Street firm.

Franklin Templeton announced that users can trade shares of its OnChain U.S. Government Money Market Fund, FOBXX, on the layer-2 network Base.

FOBXX, with $410 million in assets, has already launched on five other blockchains, including Arbitrum, Polygon, Avalanche, Aptos, and Stellar, making Base the sixth blockchain to support Franklin Templeton’s tokenized Treasury fund.

The announcement represents another crossover between traditional and decentralized finance markets. Fellow asset manager BlackRock recently launched its USD Institutional Digital Liquidity Fund, also known as BUIDL, on Ethereum’s mainnet partnered with ETH-native protocols like Ethena Labs.

While BlackRock launched on a layer-1 network and maintains the largest on-chain money market, Franklin Templeton has focused on layer-2 networks for its FOBXX fund.

L2’s run off layer-1 blockchains but provide cheaper and quicker transactions. As such, they offer optimized environments for on-chain money markets and tokenized treasuries.

Franklin Templeton’s FOBXX was the first money market fund to employ decentralized technology for trading, and the firm picked L2 Arbitrum as its first home.

Launching on Coinbase’s layer-2 may further boost Base’s growth. Since going live in 2022, the network has attracted over $2.6 billion in user deposits and was the fifth-largest decentralized finance blockchain at the time of writing, according to DeFiLlama.

Base, launched by the largest U.S.-based crypto exchange, also ranks as Ethereum’s top scaling solution based on active addresses, total value locked, and 24-hour volume.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

HKEX TO USE SMART CONTRACTS, DLT TO AUTOMATE ETP ISSUANCE, REDEMPTION

Today the Hong Kong Exchanges and Clearing (HKEX) announced plans to automate the creation and redemption of some exchange traded products (ETPs) in 2025. The new web based platform will use distributed ledger technology and smart contracts and is subject to regulatory approval.

The aim is to boost efficiency and encourage more secondary market activity.

“Speed and efficiency are critical in an increasingly dynamic market environment,” said Jean-Francois Mesnard-Sense. “HKEX is pleased to introduce this new digital enhancement.

It will not only streamline operations for our market participants, but also drive more liquidity in the product ecosystem, supporting the vibrancy of our ETP marketplace and strengthening Hong Kong’s role as an international financial centre.”

While HKEX did not use the term real time, in theory an automated platform could support this. Given stock exchanges are not retail facing, it’s usually market makers that would trigger the creation and redemption process.

HKEX didn’t disclose the technology used, and hasn’t responded to our query by publication time. However, HKEX’s previous DLT activity for its HKEX Synapse settlement platform launched in 2023 uses Digital Asset’s DAML and Canton.

ETPs in Hong Kong are growing at a rate of 29 percent a year since 2020. Average daily turnover this year has been HK$17.9 billion (US$2.3 billion).

In Europe Deutsche Börse, which also uses DAML technology, developed its D7 issuance platform. It also automates workflow and has proven popular for structured products with tens of thousands of issuances per month.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

THE DAO DILEMMA: STRIVING FOR DECENTRALIZATION  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Iraq News Highlights and Points To Ponder Tuesday AM 11-5-24

Foreign Minister Warns Of Major And Dangerous Economic Repercussions

November 4, 2024  Baghdad/Al-Masala: Deputy Prime Minister, Minister of Foreign Affairs, and Chairman of the Ministerial Council for the Economy, Fuad Hussein, confirmed that the political and security situations facing the region directly affect the Iraqi economy, while he pointed out that any security tension will have major repercussions in the fluctuation of oil prices and the instability of local and global markets.

A statement by the Foreign Ministry stated that Hussein, “on Monday, November 4, 2024, chaired the thirty-third session of the Ministerial Council for the Economy, which was held in the Council building in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture and Industry, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, and the Prime Minister’s advisors for economic and legal affairs. The Council also hosted the Undersecretary of the Ministry of Planning for Technical Affairs.”

The session was devoted, according to the statement, to “discussing the financial and economic reality in Iraq in light of internal and external challenges, especially regional conflicts and their impact on the Iraqi economy. The Council reviewed a presentation by the Undersecretary of the Ministry of Planning on the reality of investment projects in Iraq, whether completed or under construction, and the financial obligations associated with them.”

The Council also listened to “working papers presented by the ministers that included the main challenges facing the Iraqi economy in its financial and economic aspects. The Council discussed the rates of the state’s general revenues from oil and non-oil sources, and the rates of spending and financial obligations incurred by the government.”

The Council members presented “a presentation on the reality of the work of their ministries and agencies, and put forward proposals to maximize revenues to support the general budget, which would contribute significantly to driving the economy and development towards growth.”

The Council Chairman pointed out that “the political and security situations facing the region directly affect the Iraqi economy, and that any security tension will have major repercussions in the fluctuation of oil prices and the instability of local and global markets.”

The Council agreed to “take the necessary measures and important economic decisions that contribute to the stability of the Iraqi market after completing the discussions and exchanging opinions and working papers submitted by the Council members.”  https://almasalah.com/archives/105068

IMF: Foreign Investment Outperforms Sovereign Funds In Generating Growth In Gulf

 Money and business   Economy News - Follow-up  A study under preparation by the International Monetary Fund has found that foreign direct investment in Gulf countries has a greater impact on non-oil GDP growth than domestic investments by their sovereign wealth funds.

The study, which has not yet been published, examined private equity investments and mergers and acquisitions linked to sovereign funds in the Gulf countries, excluding the financial sector from the analysis.

The study aims to provide a model through which the amount of capital required to achieve a certain level of growth in the non-oil sectors and GDP can be estimated. According to statements made to Asharq by researchers Wenning Chen and Evgenia Koronaka, increasing foreign investment by 1% of GDP leads to an increase of more than 1% in non-hydrocarbon GDP growth over a five-year period. https://economy-news.net/content.php?id=49479

Iraq Exports More Than 6 Million Barrels Of Oil To America In A Month

Energy   Economy News – Baghdad  The US Energy Information Administration announced today, Tuesday, that Iraq's oil exports to America amounted to more than 6 million barrels during last October.

The administration said in a table seen by "Al-Eqtisad News" that "Iraq exported 6 million and 161 thousand barrels of crude oil to America during the month of October, up from 5 million and 970 thousand barrels in September."

She added that "the average exported by Iraq amounted to 241 thousand barrels per day of crude oil to America during the first week of October, while an average of 70 thousand barrels per day was exported in the second week, and an average of 237 thousand barrels per day was exported in the third week," noting that "the exports of the fourth week amounted to an average of 216 thousand barrels per day."

The US Energy Information Administration stated that "Iraq came in fifth place in its exports to America during the past month, after Canada, which came in first place as the largest oil exporter to America, followed by Mexico, Colombia, and Venezuela."  https://economy-news.net/content.php?id=49493

MP: Oil Derivatives Smuggling Has Decreased By 80% In Iraq

Information/Baghdad…   Member of the Parliamentary Security Committee, MP Yasser Iskandar, acknowledged on Monday that the smuggling of oil derivatives has decreased by 80% in Iraq.

Iskandar said in an interview with Al-Maalouma, "The security services are adopting a comprehensive strategy in the file of ending the smuggling of oil derivatives in the country through 3 main axes, the most prominent of which is controlling the movements of tankers on the land roads between the governorates, ending the file of the breeze roads, and tightening procedures at the checkpoints."

He added, "The smuggling of oil derivatives in Iraq has decreased by 80%, which is an important positive indicator, especially with the dismantling of a series of networks and the arrest of dozens with the tankers used in smuggling between the provinces."

He pointed out that "the smuggling process has become more difficult in light of the ongoing security pressure and coordination between the governorates, which has yielded positive results in the past months."

It is noteworthy that the smuggling of oil reservoirs is one of the phenomena that emerged in recent years and caused crises in several governorates. LINK

l-Sistani’s “Seven Commandments” Occupy Iraqi Politics.. A Reading Of The Position Of The Authority

Posted on 2024-11-04 by sotaliraq  The statement of the highest Shiite authority in Iraq, Sayyid Ali al-Sistani, which was issued today after his meeting with Mohammed al-Hassan, the representative of the Secretary-General of the United Nations and head of its mission in Iraq (UNAMI) and the accompanying delegation, sparked various political analyses, including “returning Iraq to the square of 2004 and the constitutional revolution that he supported,” “the failure of the political experiment in Iraq,” and his warning to the government of Mohammed Shia al-Sudani, and “its inability to manage the country and the spread of weapons and chaos in the administration of the state,” in addition to warning of the possibility of the region heading towards a “major crisis.”

The head of the Center for Political Thought, Dr. Ihsan Al-Shammari, says, “Al-Sistani’s meeting with the representative of the Secretary-General of the United Nations and his talk about the humanitarian conditions in Gaza and Lebanon, as well as his warning to the Sudanese government and its inability to manage the country, the spread of weapons and the chaos of state administration, this shows that there is deep concern that will affect the region, so he is sending messages in several directions.”

Al-Shammari explained during his speech, “Among those messages are to the international community on the necessity of maintaining stability and taking into account the humanitarian aspect, and a message to the national elites who were excluded by the Coordination Framework and the Sudanese that what will happen should be taken into account, and then the national forces must work to address the upcoming crisis in the region in a way that spares Iraq its repercussions.”

For his part, political analyst Abbas Ghadir says, “It is well known that His Eminence Sayyid al-Sistani has an influence on the Iraqi and regional situation in general, and all the meetings that everyone has with al-Sistani have an impact on the Iraqi political and social situation, and al-Sistani’s meeting today with the representative of the Secretary-General of the United Nations launched a set of messages and recommendations to the Iraqi interior and exterior.”

Ghadir explains, “Al-Sistani asked the elites to benefit from past experiences and invest in them and find solutions in building the state and confining weapons. He also spoke about what is happening in the region and the Zionist aggression against the Palestinian and Lebanese peoples.”

He points out that “what was issued in this statement affected the political situation, and therefore the Coordination Framework expressed in its statement its commitment to Sistani’s directives and everything he issued, and they will be taken seriously for implementation.”

In turn, political analyst Ahmed Al-Yasiri believes that “the statement of the authority related to the new arrival of the United Nations after Plasschaert is the confirmation of the UN mission of Al-Sistani’s role that there is an important spiritual centrality that affects the joints of life in Iraq, whether on the political or social level, which is the leadership of Mr. Al-Sistani.”

Al-Yasiri added during his speech, “Also, Mr. Sistani’s statement reinforces the idea of ​​spiritual centrality, because the events in the Middle East and the humanitarian stances launched by the authority based on its spiritual centrality have been attempted to be exploited, especially by the factions, to link them to the authority’s fatwa in 2014, i.e. militarizing the spiritual path of the authority.”

He explains that “the Iraqi factions exploited the speeches of the general authority and its spiritual centrality and attempted to militarize its discourse and invest it in its activities and security and political projects. Therefore, the authority, in its statement, lifted the cover from everyone who carries weapons and tries to find an address for this burden outside the scope of the state.”

He points out that “the authority in its statement separated its value and spiritual discourse from political investments by drawing a general vision of solutions in Iraq, which is reflected in the spiritual leadership represented by the authority supporting the centrality of the state. It is a central discourse and can be called the statement of the central authority that supports the centrality of the Iraqi state, the centrality of the spiritual authority, and also the centrality of international support.”

He explains, “Because Mr. Sistani’s statement indicated the failure of the international umbrella to contain the humanitarian situation, and that the statements put forward by the authority in the context of humanitarian aid or making room for supporting the displaced is a humanitarian path that has nothing to do with politics. Sistani also rejected foreign interventions in their general framework, or that the path of Iraqi national security should turn into a path linked to the national security of other countries.”

“This is an implicit response to some reports that the religious authority is on the list of targets, and the UN representative confirmed this meaning in his speech after leaving the meeting when he said (We condemn any process of mentioning or mentioning the name of the authority in the political or security conflicts occurring in the region) in reference to the emphasis that Sistani’s presence in Iraq is not political,” says Al-Yasiri.

He confirms that “Sistani has not received any Iraqi politician since 2015, and he is still insisting on this position, so today Sistani has returned Iraq to the square of 2004 and the constitutional revolution that he supported, and he confirmed the failure of the political experiment in Iraq and did not refer to the failure of democracy, but rather the political actors were not up to the level of responsibility, and this is what the authority has also indicated on previous occasions, but today was a confirmation of this meaning.”

The highest Shiite authority in Iraq, Sayyid Ali al-Sistani, identified seven factors for “the stability of the country,” stressing that the Iraqis have a “long path” ahead of them to achieve this.

This came according to a statement issued by his office in Najaf, after he received this morning Mohammed Al-Hassan, the representative of the Secretary-General of the United Nations and head of its mission in Iraq (UNAMI) and the accompanying delegation.

The statement explained that Al-Hassan gave Al-Sistani a brief explanation of the tasks of the international mission and the role it aims to play in the coming period.

In return, the reference Sistani welcomed the presence of the United Nations in Iraq and wished its mission success in carrying out its tasks.

Al-Sistani pointed to the major challenges facing Iraq at the present time and what its people are suffering on more than one level.

“Iraqis, especially the conscious elites, should learn from the experiences they have gone through and do their utmost to overcome their failures and work hard to achieve a better future for their country in which everyone enjoys security, stability, progress and prosperity,” said the Grand Ayatollah Sistani, stressing that “this cannot be achieved without preparing scientific and practical plans to manage the country based on the principle of competence and integrity in assuming positions of responsibility, preventing foreign interference in all its forms, enforcing the rule of law, restricting arms to the state, and combating corruption at all levels.”

Al-Sistani added: “But it seems that the Iraqis have a long way to go before they achieve this, may God help them.”

Regarding the volatile situation in the region, the reference expressed his “deep sorrow over the ongoing tragedy in Lebanon and Gaza and his deep regret over the inability of the international community and its institutions to impose effective solutions to stop it or at the very least to neutralize civilians from the tragedies of the fierce aggression practiced by the Israeli entity.”  LINK

News, Rumors and Opinions Tuesday AM 11-5-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 5 Nov. 2024

Compiled Tues. 5 Nov. 2024 12:01 am EST by Judy Byington

Judy Note: What We Think We Know as of Tues. 5 Nov. 2024:

A Global Currency Reset to gold/asset-backed currencies has already begun including activation of the GESARA/NESARA Laws and debt forgiveness for The People and nations Worldwide.

As part of GESAR/NESARA Taxpayer Dollars will be returned to The People instead of being paid to the Cabal’s UK Crown and Vatican which has (allegedly) stolen those monies since the early 1900s.

The below were rumored dates which were subject to change (anything could happen):

Tues. 5 Nov. 2024 Cyber Attack, election results, change of President, get 800s

Thurs. 7 Nov. 2024 begin scheduling Tier4b (us, the Internet Group) appointments

Tues. 12 Nov. 2024 begin Tier4b appointments

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Global Currency Reset:

Mon. 4 Nov. 2024: New Development Bank President Dilma Rousseff announced that there has been an agreement in principle to use a new settlement currency called the Unit, which will be backed 40 percent by gold and 60 percent by local currencies in BRICS countries. https://www.nasdaq.com/articles/how-would-new-brics-currency-affect-us-dollar-updated-2024#:~:text=%22(New%20Development%20Bank%20President%20Dilma,BRICS%20union%20%E2%80%94%20the%20BRICS%2B%20countries.

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Mon. 4 Nov. 2024 BREAKING! High-Level Leaks Confirm Imminent Collapse of the Current Financial System—EBS, QFS, and NESARA Rollout Are Ready! …Charlie Ward on Telegram

The cracks in the old system are growing, and the truth is spilling out faster than they can cover it up. Whispers about the Quantum Financial System (QFS), the Emergency Broadcast System (EBS), and NESARA have become roaring truths among those in the know.

The signs are everywhere, and those who see know what’s coming. The QFS is on its way. The EBS will soon be triggered. NESARA is about to be implemented. These leaks are not accidents—they are warnings. The massive changes are already in motion.

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Mon. 4 Nov. 2024 BREAKING: Tier 4B Internet Group Activated – Military Coup Underway, Martial Law Imminent as GESARA, Earth Alliance, and White Hats Prepare the Quantum Financial System to Wipe Out the Deep State! …Ben Fulford on Telegram

The gloves are off, and the Tier 4B Internet Group is active, signaling a seismic shift that will shake the world to its core. This isn’t just a platform; it’s the start of a movement for financial freedom and sovereignty.

The Quantum Financial System (QFS) is now in play, a safeguard against a corrupted financial system. This moment isn’t for questioning—it’s a clarion call for patriots ready to reclaim control. While the masses sleep, the QFS is laying the foundation for a new awakening.

Project Phoenix: With the NESARA/GESARA alliance and Starlink, Project Phoenix is on the horizon.

Read full post here: https://dinarchronicles.com/2024/11/05/restored-republic-via-a-gcr-update-as-of-november-5-2024/

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Some new financial guru here saying the new hybrid monetary plan will bring more alliance on the dinar instead of the dollar restrictions.  Saying it will make the dinar a base currency and a base currency is the main currency in a group of currencies that are traded in the international Forex...He's saying they are going on Forex soon.  FRANK:  When they talk to you about a base currency, they are trying to tell you your nation will become a financial central hub with many currencies coming in from around the world that will play an important part in the international float of the Iraqi dinar in order to reach the real effective exchange rate.  Forex is but one example of how they will do this.  

Militia Man    They're not using the dinar today yet that we know of on the Forex.  But what they're saying is to my understanding is as of the 15th to 18th of October, they're getting ready to use domestic currency to support the exchange rate peg, domestic liquidity management.  I hope you guys understand that...because this is pretty powerful stuff coming from the CBI.

Bond Selloff Imperils Stock Markets | Alasdair Macleod

Liberty and Finance:  11-4-2024

Alasdair Macleod discusses the current vulnerabilities of equity markets due to rising bond yields, the implications for ordinary investors and the financial system, and the geopolitical dynamics surrounding currencies.

He emphasizes the importance of gold and silver as real money and critiques the actions of central banks and financial institutions.

MacLeod also addresses the potential future of gold-backed bonds and the challenges facing the dollar and other fiat currencies.

INTERVIEW TIMELINE:

0:00 Intro

 0:53 Stock market

 7:00 Rising US bonds yields

 14:00 Impact of higher yeilds

16:30 Banking system

21:22 BIS & BRICS

24:42 BRICS & gold

30:17 Systemic problems

33:19 Trump & gold currency

36:00 Gold price

https://www.youtube.com/watch?v=-N_9dTPrb98