Economist’s “News and Views” 11-6-2024

Gold's Biggest Year Since 1979: Why the West Is Now Buying Too & What’s Next | Joseph Cavatoni

Kitco News:  11-5-2024

Gold demand surged to historic highs in the third quarter, fueled by purchases from central banks, inflows to ETFs, and activity in opaque over-the-counter markets, as revealed in the World Gold Council’s Q3 2024 Gold Demand Trends Report.

In an interview, Jeremy Szafron, Anchor at Kitco News, discusses these findings with Joseph Cavatoni, Senior Market Strategist at the World Gold Council. Cavatoni provides a detailed breakdown of how geopolitical instability, from the U.S. election to escalating Middle Eastern tensions, is driving investors toward gold as a safe haven.

He also explains why the Western investor is getting back into gold. On top of that, he explores the impact of technology-driven demand, record mine production, and the constraints on consumer and jewelry purchases due to high prices.

00:00 - Gold’s Record Year

 01:51 - Western Investors Return to Gold

03:42 - Why Now? Western Interest Explained

05:30 - ETF Inflows Rebound

07:24 - Eastern ETF Demand Surge

10:14 - OTC Market Overview

12:07 - Challenges in Tracking OTC

15:24 - Central Bank Buying Trends

18:19 - India’s Gold Repatriation

20:14 - Geopolitical Risks & Gold

 21:40 - LBMA Conference on Central Bank Demand

24:02 - Jewelry Demand Falls Globally, India Rises

26:22 - Growth in Tech Demand for Gold

 27:49 - Trends in Bar & Coin Market

28:50 - Q3 Demand Surprises

 30:43 – Conclusion

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

STOCKS AND CRYPTO SKYROCKET! GOLD AND SILVER FALL...

Greg Mannarino:  11-6-2024

https://www.youtube.com/watch?v=R55o7UrGN24

Surviving the Economic Collapse & Life Lessons - “We Have Years, Not Decades” - Frank Giustra

Daniela Cambone:  111-5-2024

Join Daniela Cambone & Frank Giustra in Italy as we explore his roots, go truffle hunting, and discuss the importance of respecting nature and good food. We also visit a rare Etruscan site, reflecting on the impermanence of empires. Don’t miss the emotional twist at the end!

https://www.youtube.com/watch?v=bxeD8pblvw0

Coffee with MarkZ and Andy Schectman. 11/06/2024

Coffee with MarkZ and Andy Schectman. 11/06/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Happy Wednesday….good Morning fellow RV’ers

Member: Good morning folks, I hope the good news keeps flowing!

Member:. Let's get this new era started off with an RV and Nesara.

Member: You think we could have this RV in place before Thanksgiving?  We would have a special blessing

MZ: Right now it is very quiet on the RV front as we are waiting for the world to wake up. I know that many of my contacts from around the world were up really late last night waiting for election results …so cannot get answers yet this morning.

MZ: Don’t panic- the world is figuring everything out right now. Hopefully by this evening we will have a better idea what is going on.

Member: I don’t expect anything RV related or Nasera or EBS until January after inauguration. IMO

Member: BUT, Sudani said the monetary reforms in Iraq should be done by Victory Day in Iraq which is December 10th!!!

Member: So maybe Iraq goes alone and first …..and the rest of the world shortly after they go???

Member: There is a rumor that the HCL in Iraq is done….can  you confirm?

MZ: There are a lot of rumors overnight we will see HCL this week….Stay calm. We need to see actual physical proof of it.

MZ: Mr. C checked in this morning. No news from him…..yet

Member: Mark- What’s your gut feeling on timing?

Member: Did the election change the trajectory of the R.V.?

Member: this weekend I think it will start

​​Member:  My Bank Story: spoke with the VP we were quickly discussing Wealth Management I stated to her she might want to invest in Dinar, Dong. She gave me her Personal phone number & said call me I heard about it

Member: love your story!

Member: it's true I have her personal phone number and I told her I will call her when it's time to exchange …she is so happy and said she's going out to purchase currency.  I told her which ones to purchase.. she put her personal phone number on the bank card.. remember she's VP. she told me that there were other customers who told her about foreign currency

Member: Stock market going to moon and gold plummeting

Member: Funny how the dow can rise to the moon unrestricted,, but let it drop 1,000 points and they stop it.

Member: Either way the economy is going to collapse without getting off of the fiat currency

MZ: With Trump bringing in Judy Shelton –the sound money advocate….things will be even more positive for metals.

Meber: Get rid of the federal reserve and make Judy Sheldon the treasury secretary.

Member: Asset Backed Money Instead Of Fiat Currency Would Be A Great Way To Start IMO

Member: Will the market crash between now and January?.

Member: On the IQD RV side let’s hope this helps and no more excuses!

MZ: Nesara will be a game changer

Member: Yes, Mark Nasara will be the game changer!

Member: BRICS Is GESARA IMO

Member: Went to Banknote world this morning to buy more dong. Website said store front closed. No one answered the phone either. Anyone have any ideas why you can't order from the website?

Member: banknoteworld is down. says store front is closed......rv anyone?! let's go

Member: Let us hope this means something……

Member: I really think the RV could go at anytime now. Keeping my phone charged and hopes high

Member: Tomorrow is Thursday on a 3 day weekend RV RV RV….How great would it be to have the RV on Veterans Day Weekend!!!!!

Member: Have a very Happy Birthday to all of you celebrating!!

Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his information.

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

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

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

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

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

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=2MOWXgnmv9c

Iraq News Highlights and Points To Ponder Wednesday AM 11-6-24

2025 Strong National Economy And Sound Banks

Samir Al-Nusairi  In an important presentation before the MERI Conference on Economic, Financial and Banking Reform, the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, explained the indicators of the recovery of our national economy and the major transformations in the structure of government and private banks achieved in 2023 and 2024 and expected in 2025.

These are standard indicators that are relied upon to evaluate the strength of the economy and the soundness of the banking sector.

The most prominent of these indicators are the sufficiency of foreign cash reserves, the local currency issued, the inflation rate and the external debt, while emphasizing that the objectives of the monetary policy of the Central Bank stipulated in its applicable law are to achieve economic growth and stability,

and that one of its main objectives is to achieve stability in the financial and monetary system, reduce inflation rates and stabilize the prices of goods and services in extremely complex economic, security and political conditions that Iraq suffered from in 2023 and 2024 and that the world is currently going through, especially the countries of the geographical region, which our country is negatively and positively affected by.

These conditions have been suffered by our economy for decades, and the reason is the rentier economy and the dependence of 95% of the general budget revenues on oil, which constitutes approximately 60% of the gross domestic product.

The government is making clear efforts to revolutionize the active economic sectors, namely agriculture, industry, tourism, customs and tax services fees, and to increase their share in the general budget revenues to 20%.

The low contribution of these sectors to the gross domestic product has led to the absence of local production that covers the consumption needs of citizens for food and other basic materials.

Therefore, there was almost complete dependence on imports for the private commercial sector from different sources. Successive governments were unable to control internal trade and regulate foreign trade, and the weak control over illegal trade and unofficial border crossings, which led to the impact on the monetary and commercial market.

Therefore, this indicator was the most prominent challenge facing monetary policy and directly affected the stability of the exchange rate, which led the Central Bank to take many measures in cooperation with the government to regulate foreign trade, control foreign transfers, regularity in the global financial and banking system, compliance with international standards, digital transformation in the banking sector, and work on preparing and launching its new strategy for banking reform

and classification in all its basic links at the level of internal and external banking transactions, the most prominent of which is securing the US dollar for major and registered traders and for every trader, regardless of his classification, at the official price exclusively through the electronic platform.

This was achieved through analyzing the indicators of the annual inflation rate, which amounted to 3.8% after it was 4.4%, and by comparing it with the annual inflation rates of regional and neighboring countries. Inflation rates in most of these countries reached very high rates, reaching 80.2% in Turkey, 117.4% in Sudan, 40.0% in Iran, and in the Maghreb countries with relative economic stability in Tunisia 9.3%, Algeria 9.0%, Morocco 5.0%, and in Egypt 37.4%, and in the Gulf countries with stable and oil-rich economies, they ranged between 2.4% and 4.8%.

This confirms, without a doubt, that the strategy of the Central Bank and its procedures during the years 2023 and 2024 achieved one of the basic objectives of monetary policy, which is to reduce the inflation rate and maintain the general level of prices of goods and services.

It is currently working to achieve other objectives, which are the stability of the exchange rate and maintaining a foreign reserve that covers the local currency in circulation and imports, which exceeded $100 billion, with a sufficiency of 140%, which covers the local currency in circulation.

Therefore, the economic results and outputs confirm that the policies and procedures undertaken by the Central Bank in cooperation with the government have achieved an important objective of monetary policy,  to achieve stability in the monetary system, which is an important step in achieving the other objectives of monetary policy.

It must be noted that one of the most prominent indicators of the strength and recovery of our economy is what the International Monetary Fund recently predicted, that the expected economic growth rate in 2025 will be 5.3%, while it contracted by 2.2% in 2022.

The expected rate is higher than the growth rates in Morocco, Kuwait, Bahrain, Oman, Algeria, Jordan and Qatar. It is an indicator of the strength of our economy and is an inevitable result of the economic and financial reform programs implemented by the government and the Central Bank since 2023. https://economy-news.net/content.php?id=49540

Iraq's Gold Holdings Rise To More Than 152.5 Tons

Money and business  Economy News – Baghdad  The World Gold Council announced today, Wednesday, that Iraq has increased its gold holdings to more than 152.5 tons.

According to the latest table published by the Council for November 2024, which was reviewed by “Al-Eqtisad News”, “Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves,” indicating that “Iraq ranked third in the Arab world after Saudi Arabia and Lebanon.”

He added, "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves."

The Council also pointed out that "the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy with 2,814 thousand tons, while Bosnia and Herzegovina came in last with 1.5 thousand tons."

The World Gold Council is headquartered in the United Kingdom, has extensive experience and in-depth knowledge of the factors that drive market change, and its members consist of the world's largest and most advanced gold mining companies.   https://economy-news.net/content.php?id=49544

Iraq's Share In The IMF

Economic  2024/11/06   When Iraq announced that it had paid off all its debts to the International Monetary Fund last May, Reuters quoted the Fund as saying that Iraq was facing internal imbalances exacerbated by the large financial expansion and the decline in oil prices, and that it needed to gradually correct the public finances to achieve debt stability in the medium term and rebuild reserves.

Mohammed Sharif Abu Maysam    At the same time, despite the expansion in public finance management with the aim of achieving significant increases in growth rates, the Ministry of Planning announced a decline in inflation rates from 7.5 percent to 4 percent, which is a positive precedent that has never happened before and is credited to those in charge of monetary and financial policies. It was leaked from the Central Bank that the cash reserve exceeds 110 billion dollars and that the country’s gold reserves amounted to nearly 150 tons.

The full repayment of the country's debt to the International Monetary Fund, the decline in the inflation rate and the increase in the cash reserve rates were indicators of a major shift in economic policies, not because the amount of debt was large, exceeding about eight billion dollars, but because such debts are usually conditional in the context of the so-called economic reform program that aims to privatize state functions and link the country's fate to the policies of the creditor parties and those behind them.

It is known globally that governments that can get rid of the burden of debt to the Fund and the World Bank are the most successful in managing the affairs of their countries and implementing their programs related to supporting macroeconomic stability and implementing the necessary financial reforms.

Supporting the ration card program was not only a direct reason for reducing inflation rates, but other factors related to monetary and financial policies and limiting parallel markets, and the flow of foreign currency with supporting the local product contributed to achieving this.

Thus, increasing the percentage of the country's gold reserves contributed as a tool to cover the local currency and a safe means of hedging against economic fluctuations and security tensions witnessed by the world and the region.

Accordingly, those in charge of economic policy files prove their success, and it is our duty to point out that these successes, just as it was our duty to always point out the points of weakness and stumbling with the aim of monitoring and correcting, have proven the inaccuracy of the vision presented by the International Monetary Fund regarding the situation of public finances, debts, and rebuilding reserves.

Today, Iraq intends to increase its share in the International Monetary Fund by the equivalent of 1.45 trillion dinars, which will support its voting power within the Fund, contribute to attracting investments, create a promising business environment, and achieve real development, thus addressing the problem of inflation in the labor market and implementing the components of the government program. https://alsabaah.iq/105468-.html

Iraqi Drilling: Drilling And Rehabilitating 15 Oil Wells In October To Boost Production

Posted on 2024-11-06 by sotaliraq   The Iraqi Drilling Company, affiliated with the Ministry of Oil, has achieved remarkable progress in its operational projects in the Iraqi oil fields, as it announced its success in drilling and reclaiming 15 oil wells during last October.

These achievements come as part of the Ministry’s strategy to enhance oil production and increase the capacity of Iraqi fields, which contributes to supporting the national economy and meeting the growing needs of the local and international market.

Economic expert, Mohammed Samir Al-Kubaisi, explained “the importance of this progress in drilling and reclaiming oil wells,” noting that “it reflects Iraq’s commitment to developing its oil infrastructure and increasing its production to enhance its financial returns.”

He stressed that "these steps support economic stability and contribute to reducing dependence on imports, which strengthens Iraq's position as a major source in the global energy market."

He added that “increasing production would improve public revenues, which could be directed to development projects that contribute to improving services and strengthening the local economy.”

The Deputy Director General of the Iraqi Drilling Company, Kazem Habash Khalif, said in a statement that “the technical and engineering staff in the company were able to drill 4 new oil wells and reclaim 11 other wells, distributed across several oil fields in the country.

He added, "These achievements come within the framework of the company's commitment to enhancing oil production and adhering to the specified timetables."

He stressed that "the company is continuing to implement its ambitious plans to enhance the oil sector in Iraq in cooperation with national and international oil companies."

On the other hand, the Undersecretary of the Ministry for Gas Affairs, Ezzat Saber Ismail, confirmed that “the gas sector is receiving the attention of the government and the ministry,” noting that “the ministry’s strategy and plans aim to stop gas flaring within the next few years.”

The Undersecretary pointed out that “the ministry has contracted with specialized companies to invest in associated gas and convert it into energy that can be used to secure fuel for the electricity sector and develop industries in the field of petrochemicals and other industries,” explaining that “the ministry has achieved an investment rate of (67%) of gas, reaching (70%) by the end of this year.”

It is hoped, as part of future plans, that “new quantities will be added during the coming year.” LINK

Seeds of Wisdom RV and Economic Updates Wednesday Morning 11-6-24

Good Morning Dinar Recaps,

RIPPLE AND ARCHAX COLLABORATE TO LAUNCH $100M+ IN TOKENIZED ASSETS ON XRPL

▪️Ripple has renewed a 2022 partnership with Archax as part of the plans to attract millions of dollars to XRPL by next year.

▪️Archax has also announced its acquisition of Spanish broker King & Shaxson Capital Markets (KSCM).

Ripple (XRP) has announced an extension of its earlier partnership with the UK’s regulated custodian Archax to drive hundreds of millions of dollars of tokenized Real World Assets (RWA) to the XRP Ledger (XRPL). According to the report, this would also establish the XRPL as one of the leading blockchains for RWA.

In 2022, Ripple and Archax established their first partnership when Archax joined hands with Metaco to provide digital asset custody services to clients. Meanwhile, both parties admit that their compliance goal aligns with each other since they work hand in hand with policymakers and regulators across the globe to bring crypto and blockchain to the doorsteps of financial institutions.

Commenting on this groundbreaking partnership, CEO of Archax Graham Rodford disclosed that the company is excited to adopt the technology by bringing its assets to the XRPL.

We have hit the tipping point for mainstream adoption of digital assets for real-world use cases.

There is clear real-world utility in use cases like RWA tokenization for the operational efficiency, access to liquid markets, and transparency inherent to crypto, and Archax has already tokenized assets such as equities, debt instruments, and money market funds.

The XRPL, which is reported to have a strong foundation in RWA tokenization and institutional grade DeFi, has recorded more than 1,000 projects in the last decade. On top of that, it has successfully processed more than 2.8 billion transactions without disruption, supporting more than five million wallets within the process with over 120 validators.

Markus of RippleX Comments and Archax Recent Acquisition
According to Markus Infanger, SVP, RippleX, its collaboration with Archax could enhance the realization of its vision and support the UK-regulated firm to drive the adoption of blockchain.

Our industry is at the start of the next major adoption stage in which blockchain technology will deliver real utility in financial markets at scale. 

Ripple is excited to see Archax’s vision of driving the adoption of blockchain and digital assets technology amongst financial institutions come to life, while further underlining the credentials of the XRPL as one of the leading blockchains for RWA tokenization.

Archax recently announced the acquisition of Spanish broker King & Shaxson Capital Markets (KSCM) as part of the effort to expand its operations across Europe.

Archax recently signed with Ripple, “to bring 100m’s of $ of tokenized RWA onto the XRPL over the coming year”. Since then, they have acquired a Spanish broker, KSCM, and partnered with Assetera for fund cross-listings.  WrathofKahneman, November 4, 2024

Initially, Archax was focusing on providing a digital securities marketplace but later expanded into crypto exchanges. Meanwhile, its latest accounting filing shows that it had 58 institutional clients as of the end of 2023. Its Asset Under Custody within the period was $112 million, with almost $100 million in OTC trading volumes.

Its recent expansion was highlighted by Rodford in a statement:

The Archax strategy has always been to expand its regulatory footprint globally, with the EU region being of prime importance for us, post-Brexit. This acquisition expands and enhances our access to permissions within the EU region, building on those we hold with the FCA in the UK.

@ Newshounds News™

Source:  Crypto News Flash

Read more:  XRPLCommunity 

~~~~~~~~~

JP MORGAN REBRANDS BLOCKCHAIN UNIT TO KINEXYS

JP Morgan has rebranded its Onyx blockchain unit to Kinexys by JP Morgan. The move was announced today by Umar Farooq, the global co-head of JP Morgan payments during the Singapore Fintech Festival.

As we previously reported, the blockchain platform has executed more than $1.5 trillion in notional value since launch, with current volumes exceeding $2 billion daily. That’s still tiny compared to the $10 trillion in conventional payments that the bank processes daily.

The new name combines the concepts of “kinetic” and “connection”, to reflect the worldwide movement of money, assets and financial information using the efficiencies of DLT.

The highest profile Onyx solution is the blockchain based bank account system, JPM Coin Systems, which enables corporates to move money between JP Morgan accounts in different countries, in real time and 24/7. That is now rebranded to Kinexys Digital Payments. Brevan Howard Digital Assets is a new client of the solution.

Onyx Digital Assets, now Kinexys Digital Assets, is an umbrella for multiple solutions that include intraday repo, tokenized collateral and bond issuance. Singapore’s OCBC is the latest bank to start using the repo solution.

Onyx’s first product was Liink, the blockchain based payments messaging network that enables sharing of data about conventional payments to reduce delays because of compliance of other queries. It is renamed to Kinexys Liink.

One of the most logical moves is the rebranding of the slightly awkward sounding Blockchain Launch to Kinexys Labs.

In other news, the unit is planning to support foreign exchange as part of Kinexys Digital Payments. JP Morgan was previously involved in DeFi-style FX trials using automated market makers as part of one of the first Singapore Project Guardian tests.

Additionally, Kinexys Digital Assets and Kinexys Labs is running a proof of concept for on-chain privacy, identity and composability.

Why rebrand?
The bank is spinning the rebrand as a positive step, as one would expect. However, the trigger is likely trademark issues. Given Onyx is a generic word, it would encounter potential challenges. A company that was already using the name might have objected to trademark applications or even alleged infringement.

Last June the bank applied for trademarks for Onyx Digital Payments and Onyx Digital Assets. 

The records show the U.S. Patent and Trademark Office (USPTO) examiner sent initial refusals for the trademarks on various grounds, including partial overlaps with existing trademarks for similar use cases and other applications that pre-dated these applications. 

Given JP Morgan’s lawyers didn’t respond, the applications were treated as abandoned.

There’s also an OnyxCoin, as in a cryptocurrency, something the bank would likely not want to be confused with.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

🌱 SILVER UPDATE  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Wednesday AM 11-6-2024

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 Wed. 6 Nov. 2024

Compiled Wed. 6 Nov. 2024 12:01 am EST by Judy Byington

As Earth Alliance & White Hats Prepare NESARA & Quantum Financial System And Activate Tier 4B Internet Group …Julian Assange on Telegram Tues. 5 Nov. 2024

Global Currency Reset:

Tues. 5 Nov. 2024 Bruce:

Our contact says SS increases will come in the month of November.

R&R would probably start in November, but we need NESARA to start, so just stay tuned.

Contact in Iraq said we’d have monies Thursday to Saturday.

We should have the 800 numbers on Wed. 6 Nov. and start exchanges on Thurs. 7 Nov.

~~~~~~~~~~~~~

5 Nov. 2024: THE 30+1 PRIMARY PROVISIONS OF NESARA GESARA: The Ultimate Blueprint for Global Transformation … (JFK Jr.) on Telegram Tues. 5 Nov. 2024

Debt Forgiveness: All bank-related debts, including credit cards, mortgages, and loans caused by i*****l banking practices, will be eliminated. This financial “jubilee” will free people from oppressive financial institutions.

Termination of the IRS: The IRS will be permanently shut down, and its employees will be reassigned to the new Treasury-based tax collection system.

Abolishment of Income Tax: Income taxes, including taxes on investments and retirement accounts, will be completely removed, as they were unconstitutionally imposed.

Flat-Rate Sales Tax: A 14% flat-rate sales tax will be introduced on new, non-essential goods (excluding food, medicine, and used items) to fund government operations, ensuring a fairer and more transparent tax system.

Restoration of Financial Privacy: New systems will be implemented to protect financial privacy, ending widespread data theft and hacking.

Re-indexing of Precious Metals: Gold, silver, and other precious metals will be re-indexed within 30 days of NESARA’s completion, stabilizing the economy.

Federal Reserve Phase-Out: The Federal Reserve will be dissolved over the course of a year, transitioning all monetary control to the U.S. Treasury.

Banking Reform: Banks will face new limits on rates and fees, while citizens gain stronger custody rights over their funds. Banks will be phased out over 3-5 years post-NESARA.

Boost to Senior Citizens’ Benefits: NESARA will increase benefits for senior citizens, ensuring financial support during their later years.

QFS (Quantum Financial System): Most NESARA-related exchanges of foreign currency and bonds will be securely stored in blockchain accounts via the Quantum Financial System.

Humanitarian Project Funding: Large-scale funding will be provided for domestic and global humanitarian projects, allowing for widespread societal improvements.

Redemption of Currencies and Bonds: Individuals will have the opportunity to redeem or exchange their foreign currencies and ZIM bonds at specific rates for personal use and humanitarian projects.

Reclamation of Stolen Assets: Assets stolen by corrupt institutions, including the Federal Reserve and Wall Street, will be reclaimed and restored to rightful owners.

Release of Suppressed Technologies: Over 6,000 hidden patents for advanced technologies, including free energy and medical cures, will be made public.

Privatization of the U.S. Postal Service: The USPS will be privatized to streamline operations and improve efficiency.

~~~~~~~~~~~~

Tues. 5 Nov. 2024 Julian Assange on Telegram:

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 Deepstate!

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.

Read full post here:  https://dinarchronicles.com/2024/11/06/restored-republic-via-a-gcr-update-as-of-november-6-2024/

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

Frank26   Sudani the prime minister of Iraq is now in control of the auctions of their CBI.  What's so important about that?  Because... when the government sells their oil they get paid in dollars.  That's the agreement with America and then those dollars go into the CBI auction and they get converted into dinars.  That goes back to the government to pay their bills.  But it wasn't.  It was going from the CBI auctions to the hands of the corrupt profiteering evil people, the far left of Iraq...The auctions were the problem.  Not anymore.

Walkingstick  They used to have 130 trillion dinars in circulation.  They tell you now it's 100 trillion dinars...It will be trillions to billions.  130...and now report at 100 trillion is a big clue of the direction of the exchange rate...The 100 trillion dinar they are talking about is the value of the IQD not the number of notes in circulation.  The difference is extremely important...The clue is it's going in the right direction of adding purchasing power to the country's currency.

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

UK Economy DONE? Desperate Plan Triggers Bond Sell-Off, Big Tax Shock & Cost of Living Crisis

Sean Foo:  11-6-2024

In a stunning move, the UK has revealed their budget. This is more of a stimulus push that re-allocates private money to public works.

Is this a brilliant plan to help the UK drive GDP growth? Or is this a desperate gamble that will push the tax burden and debt level to unthinkable levels?

 Here's why the next 5 years for Britain will be very rocky indeed.

Timestamps & Chapters:

0:00 UK's Big Desperate Budget

2:39 Bonds Big Meltdown

5:21 UK Companies Face A Tax Nightmare

7:55 Sunak Blasts UK Economic Plan

11:24 Cost of Living Stagnation Crisis

https://www.youtube.com/watch?v=pqFBr9OJXjg

“Tidbits From TNT” Wednesday Morning 11-6-2024

TNT:

Tishwash:  Iraq increases its gold holdings and ranks third in the Arab world

The World Gold Council announced today, Wednesday, that Iraq has increased its gold holdings to more than 152.5 tons.

According to the latest table published by the Council for November 2024, "Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves," indicating that "Iraq ranked third in the Arab world after Saudi Arabia and Lebanon."

He added, "Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves."

The Council also pointed out that "the United States of America tops the list of countries with the largest gold holdings in the world, with 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy with 2,814 thousand tons, while Bosnia and Herzegovina came in last with 1.5 thousand tons."  link

Tishwash:  Prime Minister: We congratulate President-elect Donald Trump and Vice President James David on the success of the electoral process

Prime Minister Mohammed Shia al-Sudani congratulated President-elect Donald Trump, his Vice President James David Vance, and the American people on the success of the electoral process, while affirming Iraq's firm commitment to strengthening bilateral relations with the United States.

The Prime Minister said in a tweet on the "X" platform, which was followed by the Iraqi News Agency (INA): "We congratulate President-elect Donald Trump, his Vice President James David Vance, and the American people on the success of the electoral process."

The Prime Minister affirmed "Iraq's firm commitment to strengthening bilateral relations with the United States on the basis of mutual respect and common interests."

He added: "We look forward to this new phase being the beginning of deepening cooperation between our two countries in various fields, which will contribute to achieving sustainable development and benefit the two friendly peoples." 

President of the Republic Congratulating Trump: I hope your administration will work to enhance stability in the region  link

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

Tishwash:  British Ambassador Meets Finance Minister: Discussing Economic Reform

British Ambassador to Iraq Stephen Hitch met with Finance Minister Taif Sami on Tuesday to discuss economic reform in Iraq and shared ambitions for economic diversification and the promotion of a strong and resilient Iraqi economy.  link

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

ICC creates Iraq Arbitration Cmte to Boost Foreign Investment

The International Chamber of Commerce (ICC) in Iraq has reportedly established a local arbitration committee, aimed at minimizing financial losses from external arbitration and attracting foreign investors.

Mohsen Al-Humaidawi [Mohsin Al Hamed], Head of ICC Iraq, told the state-run Iraqi News Agency (INA) that the new committee, announced at the International Trade and Arbitration Forum in Baghdad, is backed by the Iraqi government and Prime Minister Mohammed Shia Al-Sudani.

He highlighted the collaborative efforts with the Iraqi Federation of Chambers of Commerce and the Ministry of Trade to obtain the ICC license, adding that the initiative is expected to increase investor confidence in Iraq's legal framework and strengthen international economic relations.

The ICC opened a local branch in Iraq in July.  link

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

Tishwash:  Baghdad approves amendment to the three-year budget law to compensate the Kurdistan Regional Government

The Iraqi Council of Ministers approved, on Tuesday, the proposal to amend Article (12/Second/C) of the Triennial Budget Law No. (13 of 2023).

The amendment included, according to a statement received by Shafaq News Agency, that "the Federal Ministry of Finance shall compensate the Kurdistan Regional Government of Iraq from sovereign expenses for production and transportation costs, for the quantities of oil produced in the region that are received by the State 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 are calculated for each field separately, by a specialized international technical consulting body, determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region, within (60) days of the entry into force of this law, and in the event of failure to agree within the aforementioned period, the Federal Council of Ministers shall determine the aforementioned consulting body."

The statement continued, "The consultant mentioned in the previous paragraph shall submit the estimated cost of production and transportation to the Federal Ministries of Oil and Finance, and the Kurdistan Regional Government of Iraq, and it shall be approved for the purposes of this law. The calculation of the aforementioned compensation shall be based on the aforementioned 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 undertake to pay the amounts to the Regional Government."

The statement also referred to "immediately commencement of the delivery of oil produced in the region to the State Oil Marketing Organization (SOMO), or the Federal Ministry of Oil in accordance with paragraphs (a) and (b) of this clause, and the costs of production and transportation shall be compensated by the Federal Ministry of Finance as advances, at a rate of (16) dollars per barrel, to be settled later after the completion of the aforementioned specialized technical consultant, and retroactively from the date of commencement of delivery pursuant to this amendment."  link

Mot: ... Ya thinks We Has it Rough - Huh!!!! 

Mot: . In Case Yas Forgots!!!! 

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

~~~~~~~~~

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

~~~~~~~~~

🌱GAME CHANGER - LITHIUM  |  Youtube

Gipper's News Reader

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

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

~~~~~~~~~

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

~~~~~~~~~

🌱 TREASURY - CBDCS OVER STABLECOINS | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps