Monday Evening News With MarkZ 11-25-2024
Monday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: GE all, Mark and mods. Bring us some good news please.
MZ: I have a number of bond contacts that reached out today to let me know that they are expecting timing and procedures updates tomorrow to let them know how they are handling the first 1%...times are ranging from mid- afternoon to evening tomorrow. So I should have an update tomorrow night what bond folks are hearing and expecting.
Monday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: GE all, Mark and mods. Bring us some good news please.
MZ: I have a number of bond contacts that reached out today to let me know that they are expecting timing and procedures updates tomorrow to let them know how they are handling the first 1%...times are ranging from mid- afternoon to evening tomorrow. So I should have an update tomorrow night what bond folks are hearing and expecting.
MZ: “Al Mashandi directs the lifting of the stalled laws to the Presidency of the House of representatives” Those laws are coming off “stuck” . One of those stalled laws is the HCL.
MZ: “In preparation for the resumption of exports, Parliament will raise the cost of purchasing oil in the 2025 budget” Now the Kurdish region can actually make money on the production of oil. This is one of the biggest sticking points between Baghdad and Erbil for the HCL.
MZ: “Relationship on the closing of the platform . There is no sudden transition but rather a gradual transition that will be completed within two weeks” Here are your banking changes. Alak announced today that their banking system is at its best. The process began in 2024 and there is 5% left to be completed within the next 2 weeks. Before Victory Day on Dec 10th I hope and pray it is done by then.
MZ: There are a whole lot of folks that say all these things coming together means a rate change. I believe them to be accurate.
MZ: If we are still sitting here after Dec 10th I am really gonna start to wonder.
MZ: “Officially Elena Romanowski’s assignment in Iraq ends” I would like to point out that a number of revaluations in the middle east while she was with the state department or an Ambassador…she was famous for that …maybe Iraq will be her “swan song” on her way out of the door.
MZ: We do not yet know who Trump will be putting in as the Ambassador to Iraq…..but you can bet it’s someone who is pro revaluation.
Member: thanks to all….and have a blessed night.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Why Tokenized Gold Is the Key to Currency Revaluation Success
Why Tokenized Gold Is the Key to Currency Revaluation Success
Awake-In-3D November 24, 2024
Explore how tokenized gold addresses the logistical and financial challenges of traditional assets while aligning global currencies with tangible value during the Global Currency Reset.
In a world undergoing a Global Currency Reset, tokenized gold is emerging as a groundbreaking solution to modern financial challenges. By combining the timeless stability of gold with the efficiency of blockchain technology, tokenized gold simplifies asset management while aligning global currencies with tangible value. This innovative approach not only ensures economic stability but also creates new opportunities for equitable participation in a revalued economy.
Why Tokenized Gold Is the Key to Currency Revaluation Success
Awake-In-3D November 24, 2024
Explore how tokenized gold addresses the logistical and financial challenges of traditional assets while aligning global currencies with tangible value during the Global Currency Reset.
In a world undergoing a Global Currency Reset, tokenized gold is emerging as a groundbreaking solution to modern financial challenges. By combining the timeless stability of gold with the efficiency of blockchain technology, tokenized gold simplifies asset management while aligning global currencies with tangible value. This innovative approach not only ensures economic stability but also creates new opportunities for equitable participation in a revalued economy.
Integrating Traditional Assets with Tokenized Gold Technology
For centuries, gold has served as the cornerstone of financial systems. Even after the gold standard was abandoned in many countries, its intrinsic value has remained a benchmark for economic stability. During a currency revaluation (RV), where authorities adjust currencies to reflect their true market value, tokenized gold often acts as a stabilizing force. It provides tangible backing to currencies, instilling confidence among investors and governments alike.
However, physical gold has limitations—it is cumbersome, expensive to store, and often inaccessible to smaller investors. This is where tokenized gold, the process of creating digital tokens backed by physical gold, steps in to modernize gold’s role in the financial ecosystem.
A Modern Solution for Currency Revaluation
Gold tokenization involves issuing blockchain-based tokens that represent ownership of physical gold. Each token is securely linked to a specific quantity of gold, stored in professional vaults and audited regularly. The blockchain provides an immutable ledger, ensuring transparency and preventing fraud.
In the context of the RV, tokenized gold offers several advantages:
Liquidity: Unlike physical gold, tokenized gold trades instantly on digital platforms, enabling faster transactions and greater market participation.
Fractional Ownership: Investors can hold small fractions of gold, making it accessible to individuals and institutions with varying investment capacities.
Borderless Trading: Blockchain technology allows tokenized gold to be traded globally without the restrictions of traditional financial systems.
These features make tokenized gold an attractive asset during the RV, where rapid adjustments in currency values require assets that are both stable and flexible.
The Role of Tokenized Gold in Currency Revaluation
One of the primary goals of the RV is to align currency values with tangible assets, creating a more stable and transparent financial system. Tokenized gold integrates effectively into this framework, providing a digital standard for currency valuation.
Stability: Gold’s historical stability ensures that tokenized gold provides a reliable benchmark during volatile periods of revaluation.
Transparency: Blockchain technology guarantees traceability and accountability for tokenized gold, fostering trust among governments, institutions, and investors.
Accessibility: Tokenized gold democratizes access to gold reserves, enabling smaller economies to use tangible assets as collateral.
Economic Impact of Tokenized Gold
The introduction of tokenized gold into the global financial system will significantly impact currency valuation and economic behavior during the RV:
Strengthening Currency Reserves
Governments and institutions can use tokenized gold to enhance currency reserves without the logistical challenges of storing physical gold. This approach establishes a more efficient and secure backing for global currencies.
Facilitating International Trade
Tokenized gold serves as a universal medium of exchange, reducing reliance on traditional fiat currencies. This aligns with the GCR’s objective of creating a balanced and equitable global trade system.
Encouraging Investment and Stability
Tokenized gold’s liquidity and accessibility attract a broader range of investors. Increased participation strengthens overall trust in the financial system and contributes to long-term stability.
Challenges and Considerations
While tokenized gold holds immense potential, several challenges must be addressed to achieve widespread adoption:
Regulatory Hurdles: Global harmonization of rules regarding digital assets and gold reserves will be essential.
Technological Risks: Robust cybersecurity measures must protect tokenized gold from vulnerabilities such as hacking and fraud.
Market Volatility: Gold’s value can still fluctuate, requiring mechanisms to manage these fluctuations effectively during the RV process.
The Bottom Line: Tokenized Gold in a Revalued Economy
In a world poised for a Global Currency Reset, tokenized gold represents a transformative asset. By integrating the stability of gold with the innovation of blockchain technology, it offers stability, transparency, and accessibility in an era of rapid economic transformation. Governments, institutions, and investors must collaborate to address regulatory, technological, and economic challenges, ensuring that tokenized gold fulfills its potential as a cornerstone of a revalued global economy.
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Iraq Economic News and Points to Ponder Monday Afternoon 11-25-24
Al-Alaq: The Monetary Situation In Iraq Is Excellent And Our Reserves Support The Stability Of The Exchange Rate
Time: 2024/11/25 Read: 1,911 times {Economic: Al Furat News} The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Monday, that the monetary situation in Iraq is very excellent, noting that “the increase in the volume of reserves enables us to support the exchange rate and achieve monetary stability.”
Al-Alaq: The Monetary Situation In Iraq Is Excellent And Our Reserves Support The Stability Of The Exchange Rate
Time: 2024/11/25 Read: 1,911 times {Economic: Al Furat News} The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Monday, that the monetary situation in Iraq is very excellent, noting that “the increase in the volume of reserves enables us to support the exchange rate and achieve monetary stability.”
Al-Alaq added in a press statement that the Central Bank is distinguished by its ability to "respond to providing the country's needs for currency," indicating that "foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system."
Al-Alaq revealed that "the Central Bank will launch a new mechanism for travel or treatment transfers next year," stressing that "there are agreements with four companies to launch a new mechanism for travel or treatment transfers." LINK
US Ambassador: Our Partnership With Iraq Continues And We Are Committed To Supporting These Sectors
Monday 25 Nov 2024 | Economic Number of readings: 112 Baghdad / NINA / The US Ambassador confirmed the continuation of the US government's partnership with the Iraqi government and working hand in hand with various sectors, and providing sustainable energy to ensure a better future for future generations.
“Launching this program will help us secure Iraq’s future,” said US Ambassador Alina Romanowski during the launch of the Universal Access Program to Improve Water and Sanitation Services in Iraq today, Monday, in the capital Baghdad. “Launching this program will help us secure Iraq’s future. Last September, the US government, through the US Agency for International Development and UNDP, helped Iraq with existing strategies to protect the environment and diversity from climate change.” She added
“Launching the Universal Access Program to Water and Sanitation Services and Achieving Food Security for the Most Vulnerable People is an important strategic step. We believe that the importance of access to clean water in Iraq may pose a challenge to some citizens in the countryside or the city. We also see that there are many challenges that we can clearly see.”
She explained, “Climate change, unsustainable irrigation systems, and water pollution are emerging challenges to the environment and also affect people’s lives. Therefore, we are working today to invest in water and sanitation, and we can help build the basic infrastructure for this issue.”
She added, “The US government, through the US Agency for International Development, is cooperating today with UNICEF to launch this program, which will help provide financial grants to launch The comprehensive access to water and sanitation services program and the management of the water file in its entirety, will also help in the integration of various parties, including the international community, the public sector and the private sector, hand in hand to work with each other,”
indicating that “this partnership is to enhance water and sanitation services that help people to access safe drinking water, and there are 5.9 million people who may not be able to access this clean safe water.”
The US Ambassador stressed the need for community leaders, the public and private sectors, and all citizens to cooperate to rationalize water use, and the importance of this water for everyone.
She continued, "Since 2017, USAID has contributed to various programs and played an important role in helping 12 million citizens access safe water, and has also helped various water projects. For the period 2020-2023, USAID has also contributed to the reconstruction of 10 desalination plants in Basra, as well as helping five million people in Basra access healthy water."
She added, "This long-standing partnership with the Iraqi government, and cooperation with UNICEF since the beginning of this year, has helped the US Agency secure 18 million people to enhance access to water as well as various water initiatives, how to ensure the availability of water and its optimal use, and better manage water resources."
She pointed out that $15 million was provided last June to help food programs, enhance Iraqi community preparedness, and reduce the impact of climate on water projects, in addition to other initiatives in which women and youth contributed, indicating that “access to water is an important goal in the sustainable development agenda, and represents a commitment between our two countries to protect cultural and knowledge exchange.”
She added that “the importance of the sustainable support strategy for water management falls within the framework of an important environmental need that may help today in addressing water scarcity, addressing the problem of food and water security, and confronting climate change,” stressing that “the support that we are all committed to today will help us in various fields through various partnerships, projects, and assistance.” /End5 https://ninanews.com/Website/News/Details?key=1171022
The Monetary Position Is Very Excellent".. Central Bank: We Will Launch A New Mechanism For Travel Or Medical Transfers
Economy | 11/25/2024 Mawazine News – Baghdad The Governor of the Central Bank, Ali Al-Alaq, announced today, Monday, that the monetary situation in Iraq is very excellent, and while he indicated that external transfers for trade purposes are proceeding smoothly after the implementation of the new system, he confirmed the existence of agreements with 4 companies to launch a new mechanism for travel or medical transfers.
Al-Alaq said, on the sidelines of his participation in the opening of the activities of the Arab Sustainable Development Week Forum in its fifth edition, held in the Egyptian capital, Cairo, and followed by "Mawazine News", that "there are trends within the government aimed at diversifying and strengthening the national economy, as the banking sector does not flourish except when there is a diverse production base,"
indicating that "Iraq suffers from heavy dependence on economic activity related to the oil sector, which contributes mainly to the transfer of oil resources to the trade sector, and this constitutes a major imbalance in the structure of the economy."
He continued, "In other words, oil revenues are transferred to building the economies of other countries through the large volume of imports, and this requires the necessity of activating the banking sector to provide the necessary financing to establish real projects in the basic economic sectors, especially in the industrial and agricultural sectors, in addition to other sectors."
Al-Alaq added: "I believe that this approach will contribute to reducing dependence on oil resources, in addition to providing job opportunities and real economic growth."
He stressed that "the monetary situation in Iraq is currently very excellent," noting that "the high volume of foreign reserves enables the Central Bank to support and defend the exchange rate and achieve monetary stability, despite the difficult circumstances surrounding the countries of the region."
He explained that "the Central Bank is working to find ways and means to meet all the needs of the country, citizens and the business sector for foreign currency."
He continued by saying: "Whenever the necessary conditions and factors are available for transfer operations or demand for foreign currency, the Central Bank is ready to deal with this request without any fears or concerns, which contributes to maintaining stability."
He stressed that "the Central Bank is currently distinguished from the rest of the countries in the region by its ability to respond to providing the country's needs for foreign currency, whether for the public or private sectors or even the civil sector, to meet various types of requests for foreign currency."
He pointed out that "there is a historical shift taking place in the framework of foreign transfers and meeting demands for the US dollar, as there were many observations that necessitated changing the procedures and policies related to dealing with and providing foreign currency."
He added, "The Central Bank has implemented a new system for foreign transfers to ensure their fluidity and transparency. Despite the challenges and difficulties that faced the implementation of these procedures at the beginning, we have overcome these obstacles,
and today the process of foreign transfers for commercial purposes is proceeding smoothly, which explains the general control over prices and inflation, as the Central Bank continues to provide dollars for trade at the official price."
He continued, "New channels have also been opened for transfers using other currencies, such as Turkey, India and China, in addition to European countries. This will make the process of foreign transfers more flexible and streamlined, while ensuring transparency and oversight that enhances trust and credibility in the operations we carry out."
Regarding providing remittances for citizens for various purposes, such as travel, treatment, or any legitimate transfers abroad, Al-Alaq confirmed, "Next year, we will launch a new method to expand and enhance these operations, just as we did for commercial transfers."
He pointed out that "there are also current agreements with relevant companies such as (Visa, Mastercard, MoneyGram, Western Union) to establish a new framework for implementing these operations, which will constitute another shift in controlling these operations."
Al-Alaq added, "Next year or the beginning of next year 2025 will witness the completion of the current procedures, and we seek to provide reassurance, especially with some people's questions about the fate of transfers after the completion of the electronic platform at the end of this year 2024."
“There is no sudden transition, but rather a gradual transition that began in 2024, where the banks’ relationship was transferred directly to correspondent banks without passing through other links, and the process has been completed with continued success,” he continued, stressing that “more than 95% of this goal has been achieved, and this process will be completed successfully within the next two weeks,” noting that “there is international anticipation to celebrate this occasion.”
https://www.mawazin.net/Details.aspx?jimare=256905
Find Out The US Dollar Exchange Rates In The Iraqi Markets With The Closing Of The Stock Exchange
Economy | 11/25/2024 Mawazine News – Baghdad The US dollar exchange rates stabilized on Monday in the markets of the capital Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the country's main stock exchange.
The dollar prices stabilized with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 150,250 dinars per 100 dollars, the same prices recorded this morning.
As for the selling prices in exchange shops in the local markets in Baghdad, they stabilized, as the selling price reached 151,250 dinars per 100 dollars, while the purchase price reached 149,250 dinars per 100 dollars.
In Erbil, the dollar also stabilized, as the selling price in exchange shops reached 150,200 dinars per 100 dollars, while the purchase price reached 150,100 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=256913
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Afternoon 11-25-24
Good Afternoon Dinar Recaps,
NEW OIL-RICH MIDDLE EASTERN COUNTRY EXTENDS SUPPORT TO BRICS
The BRICS alliance is gaining the support of oil-rich Middle Eastern countries in its aggressive global push towards de-dollarization. The bloc inducted oil exporting nations like the UAE, Egypt, and Ethiopia during the 15th summit in South Africa. It also invited Saudi Arabia to join the group but the Kingdom is yet to officially decline the offer.
Good Afternoon Dinar Recaps,
NEW OIL-RICH MIDDLE EASTERN COUNTRY EXTENDS SUPPORT TO BRICS
The BRICS alliance is gaining the support of oil-rich Middle Eastern countries in its aggressive global push towards de-dollarization. The bloc inducted oil exporting nations like the UAE, Egypt, and Ethiopia during the 15th summit in South Africa. It also invited Saudi Arabia to join the group but the Kingdom is yet to officially decline the offer.
As of 2024, the BRICS alliance controls nearly 30% of all the global oil supply. BRICS received a boost in the arms after it inducted oil-exporting countries into the alliance. It is now looking to take control of the oil and gas sector and push local currencies for cross-border transactions.
BRICS: Oil-Rich Bahrain Extends Support to the Alliance
Oil-rich Middle Eastern country Bahrain has extended full support for the BRICS alliance.
Despite not receiving an invitation to be a part of the bloc, Bahrain has always attended the summits and programs held by the group. Bahrain did not receive an invitation to be a part of the ‘Partner Countries’ either which was sent during the 16th summit.
“We (Bahrain) take part in the BRICS Plus group’s activities. We always participate in all BRICS Plus meetings,” said the Middle Eastern nation’s Ambassador to Russia Ahmed Al Saati.
The oil-rich nation is keen on supporting BRICS without being a part of the alliance. “This is an international association. An invitation should come from the organization itself. However, we have always been participating; we attended the Nizhny Novgorod event,” the Ambassador explained to Russian news outlet Tass.
The development indicates that emerging economies, including oil-rich nations, are keen on supporting BRICS. They find it to be an alternative to the Western-dominated global financial sector. This puts the Western hegemony at risk as developing countries are seeking alternative options to the US dollar.
@ Newshounds News™
Source: Watcher Guru
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RIPPLE NEWS: $3.8B TOKENIZED FUND LAUNCHES ON XRPL
Ripple and Archax just made a big move that could change how institutional finance works. Together, they’ve launched the first ever tokenized money market fund on the XRP Ledger (XRPL). It’s based on abrdn’s $3.8 billion US Dollar Liquidity Fund, and it’s a huge deal for anyone watching the rise of tokenized assets.
A Major Step by Ripple
This isn’t your everyday blockchain project. Ripple has invested $5 million into abrdn’s Lux fund tokens, signaling its serious commitment to real-world asset (RWA) tokenization. ]
Archax, being a UK-regulated exchange, adds the compliance and trust needed for institutional adoption. Ripple’s XRPL technology brings in efficiency, aiming to make financial transactions smoother and cheaper.
The best part? This is the first tokenized fund on XRPL. That means the fund gets all the benefits of blockchain, like fast settlements and less reliance on middlemen. It’s not just innovation—it’s problem-solving.
Why Tokenized Assets Are a Big Deal
Tokenized funds are growing fast. They already manage over $1 billion in assets, and experts believe this could skyrocket to $16 trillion by 2030. Ripple, abrdn, and Archax are getting ahead of the curve, setting the stage for how tokenized assets could work in the future.
And there’s more. Duncan Moir from abrdn says this isn’t just about technology—it’s about saving time and money. Moving funds on-chain means faster processes and fewer delays. Ripple’s Markus Infanger agrees, calling XRPL a leader in helping institutions scale their operations.
What to Expect Next
This partnership is just the start. As tokenized assets grow, more institutions will likely jump on board. Ripple and Archax are leading the way, showing how blockchain can reshape finance.
For Ripple, this isn’t just a win. It’s a statement. They’re proving blockchain isn’t just about crypto—it’s about transforming the way money moves globally.
@ Newshounds News™
Source: CoinPedia
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WHY IRAQ’S FINANCIAL REVOLUTION IS A BIG DEAL | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Everything You’ve Been Taught About MONEY Is WRONG
Everything You’ve Been Taught About MONEY Is WRONG
Taylor Kenny: 11-24-2024
Discover the truth about money, currency, and debt in this eye-opening video.
Learn how fiat currency erodes your wealth, why inflation benefits governments but punishes savers, and why true money, like gold, remains the ultimate store of value.
If you're concerned about protecting your financial future, this is a must-watch!
Everything You’ve Been Taught About MONEY Is WRONG
Taylor Kenny: 11-24-2024
Discover the truth about money, currency, and debt in this eye-opening video.
Learn how fiat currency erodes your wealth, why inflation benefits governments but punishes savers, and why true money, like gold, remains the ultimate store of value.
If you're concerned about protecting your financial future, this is a must-watch!
CHAPTERS:
00:00 - Introduction: Is everything you know about money a lie?
00:26 - Currency vs. Money: The critical difference
01:21 - How fiat currency is tied to debt
02:36 - Financial wealth vs. real wealth
04:10 - Why fiat currency loses value
05:45 - Inflation: Who benefits and who suffers?
07:30 - Protecting yourself with gold
Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System
Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System
Awake-In-3D November 24, 2024
As currencies revalue and gold returns to prominence, blockchain emerges as the foundation of a new monetary system.
The financial world is at a turning point, and I want to share why this moment is so significant for all of us. For decades, fiat currencies have dominated the global economy, but their instability has created challenges we can no longer ignore. Now, a powerful shift is underway—a Global Currency Reset and Blockchain movement that merges gold’s timeless value with the efficiency of blockchain technology. This alliance has the potential to reshape the financial system entirely, and I’m here to walk you through why it matters and what it could mean for our future.
Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System
Awake-In-3D November 24, 2024
As currencies revalue and gold returns to prominence, blockchain emerges as the foundation of a new monetary system.
The financial world is at a turning point, and I want to share why this moment is so significant for all of us. For decades, fiat currencies have dominated the global economy, but their instability has created challenges we can no longer ignore. Now, a powerful shift is underway—a Global Currency Reset and Blockchain movement that merges gold’s timeless value with the efficiency of blockchain technology. This alliance has the potential to reshape the financial system entirely, and I’m here to walk you through why it matters and what it could mean for our future.
We now find ourselves witnessing a profound financial system transformation, one that parallels the United States’ departure from the gold standard in 1971. This time, the shift is marked not by the abandonment of gold but by its resurgence alongside the adoption of blockchain technology and cryptocurrencies. A growing alliance between traditional banking institutions, blockchain platforms, and the reintegration of gold as a foundational asset signals a significant leap toward a tokenized financial future—one widely viewed as a precursor to a Global Currency Reset and Blockchain transformation.
According to a recent McKinsey & Company report, ‘Tokenised financial assets: Moving from pilot to scale’, tokenisation has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational efficiencies and new avenues for revenue generation.
This new monetary framework intertwines cutting-edge digital innovation with the timeless stability of precious metals. While this “New Alliance” promises unprecedented opportunities for financial growth and reform, it also raises critical questions about economic sovereignty and the balance of power in a rapidly digitizing world.
The Departure From Gold: A Historical Parallel
The decision to decouple the U.S. dollar from gold in 1971 fundamentally altered the global financial system. By transitioning to a fiat-based economy, the U.S. and its allies gained greater flexibility to manage monetary policy, albeit at the cost of stability tied to a tangible asset. Critics argue that this move opened the door to inflation, debt expansion, and the erosion of purchasing power.
Today, a similar crossroads looms, but with a critical distinction: gold is expected to regain prominence as a central pillar of the new financial order. Traditional banks, which have historically relied on centralized, fiat-based systems, are now embracing blockchain technology—a decentralized ledger system that underpins cryptocurrencies. However, this digital revolution does not mean abandoning gold; instead, gold will play a crucial role in stabilizing a future tokenized system, paving the way for the Global Currency Reset and Blockchain adoption.
Just as fiat currencies replaced gold-backed money, blockchain is positioned to replace fiat as the primary infrastructure of the global economy. Yet, unlike the 1971 shift, this transition seeks to reintroduce gold as a stabilizing force in conjunction with blockchain and cryptocurrencies.
The Alliance of Banks, Blockchain, and Gold in a Global Currency Reset
A central component of this transformation is the merging of three powerful forces: highly regulated banking systems, the relatively unregulated and decentralized crypto industry, and the enduring value of gold. Together, these components form the foundation of a new monetary system designed to address the shortcomings of fiat currency and support the goals of a Global Currency Reset and Blockchain-based framework.
To facilitate this alliance, significant steps are enabling banks and cryptocurrencies to operate under more flexible regulations. Deregulation allows financial institutions to explore blockchain’s potential while also creating pathways for cryptocurrencies to enter the mainstream. Simultaneously, central banks continue amassing gold reserves in preparation for its anticipated role in the Global Currency Reset and Blockchain-driven economy.
Gold’s intrinsic value, combined with blockchain’s efficiency and transparency, provides a unique opportunity to create a hybrid system. By tokenizing gold—representing it as digital assets on blockchain networks—banks and governments integrate physical and digital financial systems, ensuring a level of stability that fiat currencies alone cannot offer.
Gold’s Role in the Global Currency Reset and RV Framework
In the context of the GCR, gold represents both a historical relic and a cornerstone of the future. Proponents of the Global Currency Reset and Blockchain system argue that the current fiat-based system is unsustainable due to widespread manipulation, trade imbalances, and uncontrolled monetary expansion. A return to gold-backed currencies, facilitated by blockchain technology, will restore trust and equity in global trade.
Revaluation (RV) is another key component of this vision. Many national currencies will likely be recalibrated to reflect their true economic value, with gold playing a pivotal role in determining these valuations. For decades, the disparity between fiat currency values and real-world assets, including gold, continues to fuel economic instability. By anchoring currencies to gold and other tangible assets, the RV eliminates this imbalance, creating a more transparent and equitable system.
Blockchain technology accelerates this process by enabling the tokenization of gold and other commodities. This innovation facilitates efficient, cross-border transactions while ensuring that every token is backed by a verifiable physical asset. Together, gold and blockchain form a symbiotic relationship, providing both stability and efficiency to the emerging financial paradigm.
The U.S. Leads the Charge
The United States is spearheading this transition, capitalizing on its leading position in both the financial and tech sectors. Reports indicate that cryptocurrencies are likely to be included in the U.S. Strategic Reserves, further legitimizing digital assets. However, gold’s role in this new framework remains equally significant. As one of the largest holders of gold reserves, the U.S. is uniquely positioned to integrate gold into its blockchain-based financial systems.
By combining gold with blockchain, the U.S. establishes a dual-layered system that merges the stability of tangible assets with the innovation of digital technology. This move solidifies the U.S.’s position as a leader in the tokenization movement while ensuring its dominance in a revalued, gold-backed global economy.
Moreover, the U.S. government’s strategic moves align with broader global trends. Countries like China and Russia are actively increasing their gold reserves, preparing for a post-fiat monetary system. In this context, the U.S. embraces the alliance between banks, blockchain, and gold to maintain its economic leadership.
The Benefits and Risks of the New Alliance
The integration of gold, blockchain, and banking offers undeniable advantages. For the banking sector, blockchain technology delivers efficiency, transparency, and cost savings. For the crypto industry, collaboration with banks provides legitimacy and access to a vast customer base. For gold, its tokenization ensures that its value integrates efficiently into the digital economy. Together, these forces drive unprecedented levels of investment and innovation, reshaping global financial markets.
However, this alliance carries risks. Critics warn that mainstreaming cryptocurrencies could undermine their foundational goal of decentralization, concentrating power in the hands of a few large institutions. Similarly, deregulating banks raises concerns about unchecked financial speculation.
Most troubling is the potential for a fully tokenized, gold-backed economy to become a tool for centralized control. While gold and blockchain are often touted as forces of stability and transparency, their adoption by banks and governments may result in a system tracking every transaction, raising concerns about individual privacy and economic freedom.
The Bottom Line: A Balanced Future
The alliance between banks, blockchain, and gold represents a turning point in the evolution of the global financial system. Just as the move away from the gold standard reshaped economies in the 20th century, the reintegration of gold into a blockchain-based system sets the stage for a new era of monetary reform. This transition promises innovation, stability, and equity but also poses risks to economic sovereignty and individual freedom.
As we approach a Global Currency Reset and Blockchain adoption, the inclusion of gold as a fundamental component ensures a measure of stability in an otherwise uncertain future. The principles guiding this transition will determine whether it serves the people or entrenched powers. The future of money may be digital, but its foundation will remain grounded in the enduring value of gold.
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News, Rumors and Opinions Monday 11-25-2024
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 Mon. 25 Nov. 2024
Compiled Mon. 25 Nov. 2024 12:01 am EST by Judy Byington
Restored Republic:
Sun. 24 Nov. 2024 Ezrah Cohen: We are in the midst of the most significant military operation in history, and it’s about to reach a critical point. https://t.me/Official_EzraCohen
Are you ready for the Great Comeback? The global media is prepping for Disclosure Day, where GESARA’s principles, the largest wealth transfer in human history, and the new global economic system will be revealed.
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 Mon. 25 Nov. 2024
Compiled Mon. 25 Nov. 2024 12:01 am EST by Judy Byington
Restored Republic:
Sun. 24 Nov. 2024 Ezrah Cohen: We are in the midst of the most significant military operation in history, and it’s about to reach a critical point. https://t.me/Official_EzraCohen
Are you ready for the Great Comeback? The global media is prepping for Disclosure Day, where GESARA’s principles, the largest wealth transfer in human history, and the new global economic system will be revealed.
Get ready for 10 days of communication darkness. Shutdowns will occur, but only in certain areas. Banks will close, ATMs and credit cards will stop working, and you’ll need at least three weeks of food and water. If you’re unprepared, don’t worry—the military has your back and will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of freedom and justice.
The Quantum Financial System will release NESARA/GESARA funds, erasing debts and restoring our economy to the prosperity of the 1950s.
Mark your calendars—Fri. 29 Nov. 2024—Disclosure Day is coming, and with it, the dawn of a new era of freedom and justice. The world will finally know the truth, and we will witness the greatest comeback in history.
~~~~~~~~~~~~~~
Global Currency Reset:
TNT TONY SUMMARY:
Ray was very excited. Tony said that Ray was trying to reveal the good things.
Tony said that he had a special weekend of ups and downs.
Two updates during the weekend of ups and downs.
The trailer was supposed to be presented during the weekend, but it was not.
All three charter agencies reported that the celebration planned for Saturday has been rescheduled for TODAY IN ZURICH.
They said that the trailer is complete and we will see it today.
Some banks received memos today that the RV is happening and we could see that at any time today.
The VND Exchange rate is currently 0.39 US dollars
We will make a lot of changes after the RV on our end, as it becomes a new world for us.
All the three letter agencies said the RV WILL HAPPEN TODAY.
Ray is very excited. When asked between 1 and 10.. with 10 being the highest… Ray said he is at 12 !
Tony was asked the same question and Tony said, 9.
Some people will have accounts in multiple currencies. Tony said he would not accept any.
They said it is already done and released. The process is already underway.
The banks and the Federal Reserve are waiting for the email right now.
Tony said he’s also been waiting for the email from the banks.
1The RV has been COMPLETED AND RELEASED and the process is underway right now.
Sun. 24 Nov. 2024: Mastering QFS: A Complete Guide to Fund Transfers, Account Setup, and Understanding RV & Redemption Funds – amg-news.com – American Media Group
Sat. 23 Nov. 2024: BQQQM!!! Quantum GESARA aka TRUMPSARA: G.E.S.A.R.A, Farmers Plan & More – Power Back to the People! – amg-news.com – American Media Group
Read full post here: https://dinarchronicles.com/2024/11/25/restored-republic-via-a-gcr-update-as-of-november-25-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The 2024 budget, we haven't seen that yet. Why haven't we see it? We haven't seen it yet because they're hiding that until the last minute. Remember this going from 1310 or 1320 exchange rate and changing it to a massive degree needs secrecy to some large degree all the way through the process. But they still have to educate their citizens, they still have to indicate what are they doing and how are they going to do it and why...2024 budget exposure is what to me is the key. It's that Rosetta Stone..
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Economist on television is explaining about how a revaluation works. They're giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies. Wow...It's being told to us constantly now every day. The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies. FRANK: If they tell you it's going to be pegged to a basket of other currencies,...it means we have a new exchange rate because that's the only reason the other currencies in the basket will play along with it...They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!
************
BRICS announces UAE as the Gold Hub.
Emerging World order: 11-24-2024
In this video, we dive into how the United Arab Emirates is setting the stage to become the heart of the BRICS Gold Economic Corridor.
With a massive $129 billion in annual gold trade and Dubai’s strategic initiatives through the Multi Commodities Centre (DMCC), the UAE is positioned to transform global trade dynamics.
This move aligns with BRICS nations' push for financial independence by leveraging gold to bypass the U.S. dollar and foster a stronger economic alliance.
“Coffee With MarkZ” Monday Morning Chat 11-25-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
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: Gm everyone, Happy Manic Monday
Member: A new week of RV possibilities!!
Member: praying for some great news today
Thank you MarkZ for all your time, and encouragement daily….. PDK
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: Gm everyone, Happy Manic Monday
Member: A new week of RV possibilities!!
Member: praying for some great news today
Member: No matter what, be glad you’re not a TURKEY this week
Member: A lot of rumors are pointing to tomorrow
MZ: Yes there are a lot of rumors about tomorrow…I’m trying to stay calm and see what happens.
Member: Lots of good stuff this weekend from MM and Nader
Member: wolverine says he is now under an NDA.
Member: Wolverine is a Bondholder. If he said he signed an NDA, he did.IMO…. Bondholders have stopped talking, fyi..
MZ: On the rumor side – I am waiting for bond contacts to sound off today. Its Monday and I rarely have a morning update.
MZ: On the group side and the bank side- there is a lot of chatter about tomorrow morning. Some of the group contacts do have me excited though. Not saying it’s going to happen…but there is a possibility of it tomorrow so we have a great Thanksgiving. Pray that hopefully this is it.
MZ: “Relative stability in the price of the dollar against the Iraqi dinar . What are the repercussions?” The repercussion are its better for the citizens and inflation doesn’t heat things up and it trades easier.
MZ: Shabibi kept saying give me safe and stable and I’ll give you a revaluation. Iraq is becoming the most stable country in the middle east.
MZ: “Iraq’s 2023 budget . Will the amendments get the budget back on track?” Remember the budget is for 2023, 2024, 2025…..They are talking budgets, tables, oil ect. this week. Several controversial laws are hitting parliament tomorrow.
MZ: “ Iraq announces the results of its population census: More than 45 million” What does that mean? Many people are returning to Iraq that had left during the war. These results allow them to properly divide and move funds.
MZ: The census being completes was another thing I was told they needed for the HCL…before they pull the trigger.
MZ: “ Parliamentary finance reveals budget paragraphs covered by the amendment” this includes all the stuff for voting on tomorrow. Its getting exciting in Iraq and we may just see RV this week. I am feeling very upbeat.
Member: Sudani did say before Dec 10th…..well this week is before Dec 10th.
Member: I do not have my hopes up for reset until we see the market crash and gold backed currency…maybe after Jan 20th?
Member: Well maybe Iraq will go first and alone instead…that would be very helpful to us all. Come on Sudani and Alak
Member: I heard a rumor the plan is to let Iraq RV and then the US treasury is going to invest it into XRP.
Member: XRP will be moving large amounts of money worldwide between banks and investment firms so it will have to have a high value
MZ: “X teases money transfer system as part of Musk’s everything app feature” He has been telling us that his vision for X would be an all in one. Remember that Musk created Paypal and then sold it. Think of it as another alternative to the SWIFT system . Elon Musk is to inject $104 billion into XRP? This is the rumor and its all over the crypto world right now. And it looks like XRP will be the backbone of this payment system. This is huge for all of you XRP‘ers
Member: I wish for an "RV" this week! We all need a wonderful holiday season for once.
Member: Pray this is our week of blessings to be Thankful for this holiday
Member: Thanks Mark and Mods and see everyone tonight.
We are joined by the folks from ATB this morning for an update from Fernando. Please listen to 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!
Iraq Economic News and Points to Ponder Monday AM 11-25-24
Has “Dollar Control” Renounced Its Faith?
Economy 2024-11-24 |Source: Sumerian 1,621 views The dollar in Iraq : two decades of “leakage” and two years of “censorship”
The Central Bank of Iraq has concluded about two years since the start of tight control over the dollar through the electronic platform that was supposed to be a filter gate and a guardian eye for the green currency after years of piracy operations through innovative means through which the dollar leaked out of Iraq.
Currency “washing” window... 20 years and the Central Bank is an intermediary for “launderers”
Has “Dollar Control” Renounced Its Faith?
Economy 2024-11-24 |Source: Sumerian 1,621 views The dollar in Iraq : two decades of “leakage” and two years of “censorship”
The Central Bank of Iraq has concluded about two years since the start of tight control over the dollar through the electronic platform that was supposed to be a filter gate and a guardian eye for the green currency after years of piracy operations through innovative means through which the dollar leaked out of Iraq.
Currency “washing” window... 20 years and the Central Bank is an intermediary for “launderers”
For about 20 years, the Central Bank turned into an intermediary between the source of dollar the US on the one hand, and the money launderers on the other hand... and with forged bills and fictitious travelers, the dollar pirates were able to leak between 350 and 500 billion dollars over two decades, but,
in a moment of sudden awakening... it was discovered Everyone finally realizes that robbery operations, money laundering scandals , smuggling, and financing of suspicious countries and facilities are taking place with direct or indirect contributions from... The Central Bank of Iraq and several banks, whether with his work or without his knowledge.
75% of sales are “suspicious”... The electronic platform reduced sales from 5 to 1 billion dollars per month
The electronic platform began to be implemented in early 2023, but the actual restriction on the dollar began in November 2022, which led to a resounding decline from a monthly average of 4 to 5 billion dollars, to only about one billion dollars per month, which means that about 75% of dollar sales were unsuccessful. In the transparency test.
Sales returned to about $6 billion per month after 8 months
After that, sales returned to rise in mid-2023, recovering to their monthly average between 5 and 6 billion dollars, which the Central Bank interpreted as coming after the banks participating in the auction were able to improve their performance and provide sufficient evidence about the final fate and the legitimate recipient of these dollars.
Signs of “suspicious sales” return.. Central dollar arrives at “banned” banks
Two years of long testing, but the lesson seems to have not been understood well...
It seems that the process of selling the dollar has returned to the old days and has abandoned its new, “straight” religion.
According to members of the Iraqi Parliament, the Central Bank has sold quantities of dollars to banks prohibited from obtaining It is supposed to
banks Iraq's ...half of them are banned from the dollar, and 25% of them take over the auction
has Iraq more than 60 banks, half of which are prohibited from dealing in dollars, and
out of about 30 remaining banks, only between 12 and 16 banks participate in the currency auction, as
these banks control the currency auction and its external transfers.
Al-Sudani considered selling more than $200 million a day “irrational” and not suited to the market’s needs
Not only the MPs’ statements, but the numbers themselves raise doubts and doubts.
At the beginning of 2023, Prime Minister Muhammad al-Shia’ al-Sudani considered the previous sales of the dollar, which amounted to between 200 and 300 million dollars per day, to be exaggerated numbers, and not commensurate with the volume of supposed imports. After sales decreased to Only 50 million dollars a day.
Al-Sudani concluded that the market does not show the disappearance of some goods or confusion in trade, which proves that the previous amounts of sales are illogical.
300 million dollars a day...sales return to their “suspicious” level
But... after less than one year, how much are dollar sales today?... Nothing new...
Sales have returned to the levels that Al-Sudani himself criticized, as dollar sales currently touch $300 million per day, even though imports in the market do not show a significant change. About the previous...what happened?
$8.1 billion.. The Central Bank breaks a sales record in October 2024
Perhaps no one knows exactly what is happening... except that the Central Bank has begun to break records in its monthly sales of the dollar.
Last October, the Central Bank broke a record in dollar sales amounting to more than 8 billion dollars, a number it had never recorded before.
In general, the year 2024 was the year of breaking records in dollar sales.
In some months, sales reached more than 7 billion dollars, after the normal average sales in the past two years were at best. It does not exceed $6 billion per month.
What the Central Bank sold in 2023 in dollars, it achieved in just 9 months in 2024.
In conclusion, in 2023 the Central Bank sold about 55 billion dollars, while in 2024 and until October, sales amounted to more than 65 billion dollars, and with greater scrutiny,
what the Central Bank sold during the entirety of 2023, it sold within only 9 months in 2024.
https://www.alsumaria.tv/news/economy/507317/هل-ارتدت-رقابة-الدولار-عن-دينها؟
The Central Bank Moves Its Secret Vaults To Its New Building...An Explanation Of The Truth Of The Claim
Sweeteners | Yesterday, 21:42 |Baghdad today – Baghdad Today, Saturday (November 23, 2024), an informed source revealed the fact that the secret cabinets of the Central Bank of Iraq were transferred from the old building to the new one on Abu Nawas Street in Baghdad. The source told "Baghdad Today",
"The information that spoke about the transfer of secret tanks and tanks that were underground in the old Central Bank of Iraq building on Al-Rashid Street to the new building on Abu Nawas Street during the census curfew is absolutely incorrect." He added,
"The final touches in the Central Bank of Iraq building are still being worked on by the relevant authorities, and transferring anything to the new building is normal and does not involve any secrecy.
It is all taking place under the supervision of the relevant authorities, whether security or otherwise."
Social networking sites circulated information about the transfer of secret tanks and tanks that were underground in the old Central Bank of Iraq building on Al-Rashid Street to the new building of the bank on Abu Nawas Street during the days of the census curfew. https://baghdadtoday.news/262598-البنك-المركزي-ينقل-خزائنه-السرية-لمبناه-الجديد.-توضيح-لحقيقة-الادعاء.html
The Prime Minister's Advisor Announces The Assignment Of Two International Companies To Study The Iraqi Banking Market
economy Yesterday, 15:18 Baghdad - INA - Amna Al-Salami The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced today, Sunday, that the government is in the process of possessing a banking system based on the principles of a competitive market, while indicating that
two international companies have been assigned to study the Iraqi banking market. Saleh told the Iraqi News Agency (INA):
“The government strategy for banking reform began with the government banking sector under the supervision of the Prime Minister and is based on isolating government financial operations from the activity of developing the banking market, given that the government banking sector in its current, traditional form dominates 88% of banking activity.” The country has made government banking operations mixed with market activity.”
He added, "We are waiting for the birth of a banking system owned by the government, but
based on the foundations of a competitive market in providing banking services and
achieving actual financial inclusion and digital financial inclusion, and is
consistent with the digital payments policy that our country has been pursuing vigorously for more than a year," pointing out that
"the private banking sector is the The other is going through an evaluation stage, and
there are opportunities for voluntary merger between more than one bank, among which there is an international strategic banking partner.” He stated that
"the objectives of banking reform in Iraq will end with a high merger that achieves
competitiveness,
homogeneity,
compliance and
governance within the Iraqi banking market, and achieves the
integration of the national banking market with the global market," noting that
"the entire issue is being closely followed by Prime Minister Muhammad Shiaa Al-Sudani after
assigning two international companies." By studying the Iraqi banking market and according to a new vision that is consistent with the national economy’s need for
credit and investment and mobilizing the public’s accumulated resources to ensure the national income cycle is more stable and efficient.”
As for the private sector, Saleh explained that “the launch of the philosophy of development partnership between the state and the private sector was embodied for the first time in the
government granting sovereign guarantees to the private industrial sector to collect global loans to finance production lines for the most important industrial projects from the countries of the European Union and Japan, which lead the future of development.”
Five levels of industries begin with ensuring financing of infrastructure industries linked to the path of development, the
pharmaceutical industry,
petrochemicals, and
refining, and end with important
digital industries, without forgetting the interest in supporting the
agricultural sector and farmers in protecting
“The country’s food security stems from the production of important strategic food crops.” He stressed that
"the government has not neglected to proceed with the national strategy for the private sector, which hopes that the
private sector's contribution to the country's gross domestic product will rise from 37% currently to more than 54% in the coming years, by
providing opportunities to nurture the private sector through financing support." Governmental development projects, whether through the
Iraq Fund for Development or the
Riyada Bank (mixed sector), which was established by the Central Bank of Iraq to advance the role of the private sector in development and raise growth rates in its investments and contributions to the country’s gross domestic product.
According to the private sector development strategy that the government has adopted for years.”
https://www.ina.iq/222133--.html
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Morning 11-25-24
Good Morning Dinar Recap
NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE
Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.
Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.
Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.
Good Morning Dinar Recap
NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE
Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.
Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.
Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.
In a move to better manage its power grid amid the growing popularity of cryptocurrency mining, Texas has introduced new regulations requiring crypto miners in the Electric Reliability Council of Texas (ERCOT) region to report their power demand.
Announced by the Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson on November 21, the rule mandates Bitcoin [BTC] miners to provide detailed information about the location, ownership, and electricity demand of their operations.
This regulation aims to ensure stability and efficiency in the state’s power grid as the number of mining facilities increases.
The necessity for such regulations comes as Texas continues to attract a significant number of crypto mining operations due to its relatively low energy costs and crypto-friendly policies.
However, the surge in energy consumption by these operations has raised concerns about the potential strain on the state’s power infrastructure, especially during peak demand periods.
By having a clear picture of the energy demands from crypto mining, Texas can better prepare and adjust its grid management strategies to prevent outages and maintain reliable energy distribution.
Global regulatory trends in crypto mining
Texas is not alone in its efforts to regulate the energy use of crypto mining activities. Around the world, various jurisdictions have started implementing similar rules to address the environmental and infrastructural impacts of this burgeoning industry.
For example, New York recently passed a bill that places a temporary moratorium on certain types of cryptocurrency mining operations that use carbon-based fuel. This legislation is part of broader efforts to align the state’s crypto mining activities with its climate targets.
Similarly, countries like China have taken more drastic measures by completely banning cryptocurrency mining, citing excessive energy consumption and environmental concerns as primary reasons.
These global shifts in the regulatory landscape indicate a growing awareness and response to the complex interplay between cryptocurrency mining and regional energy systems.
The new Texas rule is part of a broader trend where regional governments are scrutinizing the environmental and infrastructural impacts of cryptocurrency mining.
While more territories evaluate and implement regulations, crypto miners are increasingly required to adapt to these changing conditions. Compliance with such regulations not only supports local infrastructure but also pushes the crypto mining industry towards more sustainable practices.
As the BTC mining industry continues to expand, the introduction of regulatory measures like those in Texas is crucial for ensuring that growth is balanced with the needs and limitations of local power grids and environmental standards.
These regulations could set precedents for how other regions manage the intersection of technology, energy consumption, and environmental responsibility in the age of cryptocurrency.
@ Newshounds News™
Source: AMBCrypto
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COINBASE EXPLORES BLOCKCHAIN PARTNERSHIP WITH KENYA'S SAFARICOM
Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase’s broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education.
While regulatory uncertainties have previously hindered Coinbase’s operations in Kenya, recent positive developments and partnerships with local entities like Yellowcard suggest a growing interest in cryptocurrencies and blockchain technology in the country.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
HONG KONG’S ZA BANK IS FIRST BANK IN ASIA TO LAUNCH RETAIL CRYPTO SERVICES
Today Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service. It claims to be the first Asian bank to launch a retail service. Rather than building an exchange from scratch, like most banks, it is launching in partnership with an existing cryptocurrency exchange, HashKey Exchange
Initially the bank supports trading only in Bitcoin and Ethereum in both HKD and USD. For the first three months after activation, ZA Bank is offering 0% commission, with minimum investments of USD 70 or HKD 600.
The offering has been integrated with the main bank app. The bank cited a recent survey by the Hong Kong Association of Banks, saying it found that 70% of respondents would find it convenient to trade crypto via their banking apps.
“The rise of cryptocurrency presents investors with more diverse asset allocation opportunities,” said Calvin Ng, alternative CEO of ZA Bank. “As a bank, we prioritise security and compliance, which is why we’ve partnered with HashKey, a global-leading licensed virtual asset exchange, to meet regulatory standards and deliver bank-grade security in virtual assets trading – our key competitive advantage in the Asian market.”
ZA Bank is Hong Kong’s largest digital bank with 800,000 users as of June 2024 (Hong Kong population 7.5m). The company is owned by ZA Global, an affiliate of Zhong An, the large Chinese insurance company which was co-founded by the entrepreneurs behind some of China’s biggest technology firms – Alibaba, Tencent and Ping An insurance.
Other bank cryptocurrency services
While ZA Bank may be the first Asian bank to offer retail crypto trading, Singapore’s DBS Bank was the first to launch a crypto service almost four years ago, which it built in-house. However, the DBS Digital Exchange targets only institutional and accredited investors.
Probably the largest number of retail bank crypto services are in Latin America. Europe is catching up, especially with the enactment of the bulk of the EU’s MiCA crypto regulations at the end of this year. BBVA was one of the pioneers, starting a service in Switzerland in mid 2021, followed by the launch of Garanti BBVA Digital Assets in Turkey last year.
@ Newshounds News™
Source: Ledger Insights
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THE UGLY TRUTH ABOUT THE 2020 ELECTION CONTROVERSY NO ONE TELLS YOU | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
THE ECONOMIC RESET: NESARA & GESARA EXPLAINED | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Thank you Dinar Recaps
6 Valuable Everyday Items You Should Never Throw Away
6 Valuable Everyday Items You Should Never Throw Away
Justice Petersen Sun, November 24, 2024 at 3:00 PM EST 3 min read
While it’s beneficial to declutter every once in a while, there are certain items around your home that, although they seem like everyday objects, can still hold significant value. Many seemingly worthless items may be better to sell, repurpose or recycle so you can help the environment, potentially make some extra money and use every item you’ve received to its fullest potential.
6 Valuable Everyday Items You Should Never Throw Away
Justice Petersen Sun, November 24, 2024 at 3:00 PM EST 3 min read
While it’s beneficial to declutter every once in a while, there are certain items around your home that, although they seem like everyday objects, can still hold significant value. Many seemingly worthless items may be better to sell, repurpose or recycle so you can help the environment, potentially make some extra money and use every item you’ve received to its fullest potential.
Listed below are six everyday items that you should never get rid of.
Empty Containers
Whether it’s glass jars, or stainless steel or tin cans, empty containers can last a long time and be used for various purposes besides their original use. These items can be repurposed as storage solutions for small household items, such as spices or craft supplies. They can also be reused for meal prep or storing leftovers. Additionally, certain containers can bring in a decent amount of money if you take them to a recycling program.
Unused Gift Cards
Many people stash away gift cards that have very little money on them. However, even these small balances can add up over time. By using these cards — or selling them on platforms that allow you to exchange or sell the unused balances on them — you can utilize these seemingly worthless items lying around your house.
Expired Coupons
Contrary to what one would expect, expired coupons may still hold value. Some retailers will honor an expired coupon within a limited timeframe or will offer similar discounts instead. Similar to unused gift cards, certain websites also allow the trading or selling of coupons, allowing financially savvy shoppers to get more use out of these items that would otherwise be thrown away.
Broken or Old Electronics
Though they may be broken or outdated, these electronics may be of some worth if you don’t throw them away. Some parts of old or broken electronics, such as circuit boards, batteries and certain metals, can be sold to electronics salvagers or people who enjoy fixing things up as a DIY hobby. Be sure to look into online marketplaces or recycling centers that will specifically buy electronics.
TO READ MORE: https://finance.yahoo.com/news/10-valuable-everyday-items-never-130029354.html