BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

BRICS Bridge: Unlocking a New Era of Currency Sovereignty and Revaluation

Awake-In-3D   December 4, 2024

How BRICS Bridge is challenging traditional financial systems to redefine currency values across emerging markets.

The financial world is undergoing a transformation, and BRICS Bridge is at the forefront of this change. By leveraging advanced blockchain technology, BRICS nations are challenging traditional financial systems and reshaping how currencies are valued. This advanced initiative aims to foster monetary sovereignty, reduce dependence on the US dollar, and unlock new opportunities for emerging markets.

With its promise to streamline cross-border transactions and promote fairer currency valuations, BRICS Bridge could herald a new era of economic equity and innovation.

The Vision Behind BRICS Bridge

BRICS Bridge is more than a payment platform; it represents a strategic response to the financial imbalances perpetuated by reliance on US-controlled systems such as SWIFT and the hegemony of the US dollar in international trade. By fostering financial independence, BRICS Bridge aims to empower emerging economies with enhanced monetary sovereignty and reduced exposure to external geopolitical pressures.

One key aspect of this initiative is the potential to bring currencies from emerging markets into sharper focus. Through its integration of digital currencies and blockchain technology, BRICS Bridge provides a framework for transparent, efficient, and secure transactions, which is poised to influence the revaluation of participating nations’ currencies in the broader financial ecosystem.

How BRICS Bridge Could Trigger Currency Revaluation

1. Decoupling from the US Dollar

A central ambition of BRICS Bridge is to diminish dependency on the US dollar, which has long been the dominant reserve currency. For decades, the strength of the dollar has placed emerging market currencies at a disadvantage, often undervalued due to trade imbalances and external debt obligations denominated in dollars.

With BRICS Bridge enabling transactions in local currencies or digital equivalents, member nations can bypass dollar-based exchange rate constraints. This shift will lead to a recalibration of exchange rates, increasing the valuation of emerging currencies and reflecting their true economic potential.

2. Strengthening Intra-regional Trade with BRICS Bridge

By facilitating faster, cheaper, and more secure cross-border payments, BRICS Bridge has the potential to boost trade among its member states and partners. Greater trade volumes will drive demand for local currencies, naturally improving their valuation.

For instance, if Russia trades directly with India using the ruble and rupee through BRICS Bridge, it eliminates the intermediary role of the dollar. As these transactions scale, the ruble and rupee will result in more robust valuations, influencing regional currency markets.

3. Enhancing Financial Stability with BRICS Bridge

The ability to transact without reliance on Western-dominated systems like SWIFT mitigates the risk of external sanctions and financial isolation. This newfound financial stability is a crucial factor in the revaluation of currencies, as it increases investor confidence and reduces the risk premiums often associated with emerging markets.

For countries like South Africa and Brazil, participation in BRICS Bridge will safeguard their economic interests from the impact of geopolitical tensions, thereby bolstering their currencies’ standing.

The Role of Technology in BRICS Bridge

At the heart of BRICS Bridge lies blockchain technology, which underpins the system’s efficiency, security, and transparency. Blockchain’s decentralized nature ensures that transactions are immutable and verifiable, making it an ideal foundation for a trusted cross-border payment platform.

Additionally, the use of digital currencies and tokens further amplifies the platform’s potential. Unlike traditional fiat systems, these digital assets can streamline compliance processes by embedding regulatory checks within the blockchain itself, reducing delays and administrative costs. This efficiency not only strengthens trade relationships but also enhances the perceived stability of participating currencies, positively influencing their valuation.

Challenges and Uncertainties in BRICS Bridge

Despite its transformative potential, BRICS Bridge faces significant challenges. The United States has expressed concerns that such a system will undermine its economic influence and warned that cooperation with Russia’s financial sector will result in losing access to the dollar. These warnings underscore the geopolitical risks associated with implementing a multipolar financial framework.

Additionally, technical and regulatory hurdles are expected to complicate adoption. Differences in technological infrastructure, legal frameworks, and compliance standards among BRICS nations may complicate the system’s rollout. Addressing these challenges will be essential for the initiative to achieve its full potential and exert meaningful influence on currency revaluation.

A Comparison to the BIS mBridge Platform

BRICS Bridge shares conceptual similarities with mBridge, a multi-CBDC (central bank digital currency) platform previously overseen by the Bank for International Settlements (BIS). While mBridge aimed to explore cross-border digital currency transactions, the BIS stepped back after the project matured, citing its readiness for independent development.

BRICS Bridge, however, is distinguished by its explicit focus on reducing Western financial influence and fostering alliances among emerging markets. This unique positioning aligns the platform more closely with efforts to achieve a Global Currency Reset (GCR), where emerging markets play a central role in reshaping the financial order.

Opportunities for Broader Participation in BRICS Bridge

The success of BRICS Bridge will depend on its ability to integrate additional partners from outside the core BRICS membership. Nations like Oman, Saudi Arabia, and the UAE have shown interest in exploring digital payment systems and blockchain-based trade platforms.

• Oman could serve as a critical conduit between BRICS and Middle Eastern markets.

• Saudi Arabia has already participated in digital currency initiatives like Project mBridge, signaling its openness to similar collaborations.

• The UAE has invested in Distributed Ledger Technology (DLT) and CBDCs to enhance trade flexibility.

• Bahrain could act as a bridge for smoother Gulf integration, bringing additional trade and financial flows into the system.

Expanding participation will not only strengthen the platform but also amplify its impact on currency valuation trends across emerging markets.

The Bottom Line

BRICS Bridge represents a bold step toward a more balanced and inclusive financial future. By leveraging blockchain technology to enable direct, dollar-independent transactions, the platform has the potential to recalibrate the valuation of emerging market currencies, enhancing their global standing.

While challenges remain, the initiative underscores a growing recognition among BRICS nations and their allies that the time has come to reshape the financial order. As BRICS Bridge progresses, it will serve as a critical component of the wider initiative toward a Global Currency Reset, signaling a new era of monetary stability and equity for emerging markets worldwide.

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News, Rumors and Opinions Thursday 12-5-2024

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

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

Compiled Thurs. 5 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 4 Dec. 2024 Holly: “GET RRRRREEEAAADYYY!!! I got a call telling me today that the currency exchange companies inside Iraq refused to sell dollars to anybody. Now they are only letting the Dinar stand up inside the country. Going international !!!!!!! The USD no longer exists inside Iraq. Money exchangers inside Iraq can buy USD but cannot sell them.”

Global Financial Crisis:

Wed. 4 Dec. 2024: Breaking News: $980 Trillion of Cabal Money Purged from Banks Unleashes Global Financial Turmoil – amg-news.com – American Media Group

Wed. 4 Dec. 2024: Elon Musk and Senator Mike Lee just shared a thread showing US Government is using our Social Security to fund anything they need extra money for. Senator Tommy Tuberville CONFIRMS they spend our Social Security, “It’s all a scam — what happens, it comes up here, we spend it. This is all a scam. I mean, we got people that’s getting ready to retire that’s gonna try to live off $2k-$3k, Impossible. It’s impossible. Because what happens, it comes up here, we spend it. We’re $35 trillion in debt. We don’t have any money. We’re dead broke. And then taxpayers have $2 trillion in credit card debt. We are in huge trouble. In this body, we had better start figuring that out because we’re gonna have a run on this city here soon, and there’s gonna be about a 150 million people coming up here saying, where’s our damn money that we paid in?”

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TUES. 3 DEC. 2024 GEOPOLITICAL UPDATE: THE CALM BEFORE THE STORM …Gitmo TV on Telegram

The world is standing on the precipice of history. With the global economy teetering on the edge of collapse and election fraud rampant across nations, brace yourselves for an Earth-shattering series of events that will shake the foundations of the global elite. Here’s what’s coming:

MARK YOUR CALENDARS: Global Emergency Broadcast System (EBS) Alerts: Prepare for worldwide alerts starting Friday and Saturday, December 6-7, followed by an unprecedented global communication blackout for 10 days. This “Ten Days of Darkness” begins Sun. 8 Dec. and ends Wed. 18 Dec.

A Financial Collapse Like No Other: A global financial crisis is expected to unfold between Tuesday and Wednesday, 17-18 Dec. The old system is crumbling under the weight of its own corruption, and a new system is poised to rise from the ashes.

The Reckoning Has Begun: As these operations unfold, the world’s most vile elites are being dragged into the light, stripped of their power, and held accountable for decades of unspeakable chaos.

BRICS: THE CATALYST FOR THE New World Order: On Thursday, December 7, the BRICS nations unveiled their long-awaited global currency reset—a move that is already sending shockwaves through the global financial system. The old dollar-dominated system is collapsing, and the BRICS alliance is leading the charge to redefine the rules of international trade and power.

MONEY IS MOVING — BUT THEY DON’T WANT YOU TO KNOW

Top-Level Payments Initiated: Bondholders at Tiers 1 and 2 have already received their funds.

Secrecy Shrouds the Process: Non-Disclosure Agreements (NDAs) have been enforced to prevent the public from realizing what’s happening. The elites don’t want you to know that their grip on the financial system is slipping.

It’s Almost Your Turn: Tiers 3 and 4a/b (including the Internet Group) are expected to receive notifications to schedule redemption appointments at any moment. Your time is coming. Stay ready.

Red full post here:  https://dinarchronicles.com/2024/12/05/restored-republic-via-a-gcr-update-as-of-december-5-2024/

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

Walkingstick  Back in 2003 the reason why the auctions were put in was to stabilize the exchange rate of the Iraq dinar but it didn't work because of the thievery and stealing.  So we gave them the US dollar in order to do this but once again it got out of control.  Now on December 31 of this year these auctions are going to die...What will they use to maintain their currency stability?  IMO exactly what they've been teaching them...A basket of foreign currencies with a new exchange rate where the IQD will be paired against other foreign currencies, which they have already admitted to that they have...It means their currency will now be convertible in that basket with no restrictions...What would be an example of all of this?  The new lower notes.

Frank26  Question "Will there be taxes?  37% on short term - 20% on long term?" Yeah, that's about right,  somewhere in that ball park.  Ask a professional because I certainly don't know the exact tax code... Question "We had currency for a year or more and we decided to buy more, will we still have to pay 40%?"  Yes, every time you buy whatever you buy, your receipt verifies your time frame.  That's why your receipt is so important.  If you're ever audited you need to prove your time frame.  [Dinar Guru Note:  Consult your tax professionals to determine the right tax for your unique circumstances.]

IQD Rate | BRICS Currency | Tariffs | Gold | Syria

Edu Matrix:  12-5-2024

IQD Rate has returned to normal. What a 100% tariff threat means and buying gold to secure yourself and your family, as well as the crisis in Syria. How Iraq and Russia play into the conflict.

https://www.youtube.com/watch?v=uJ1ZwtiTwmQ

“Coffee With MarkZ” Thursday Morning Chat 12-5-2024

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: Good Morning Mark, Mods and Members

Member: Top off your coffee MarkZ! Looks like it’s a busy morning for news!

MZ: We may be in for a crazy few days everyone.

Member: I did hear that Iraq had passed everything and I think they’re ready to go

Member: There are rumors HCL is done.

MZ: They are operating as if HCL was done. I am convinced it is done- just not officially announced yet.

MZ: “Sudani: The challenges of the 2025 budget will not hinder salaries . Is Ira on the brink of a financial crisis?”  these are the normal back and forth article they throw out there just before a value change.

Member: So I hear - Iraq approved it, but didn’t do it in time to be already in affect? So we have to wait till Sunday.

MZ: “With documents: Test of the draft amendment for the budget law.” The second reading is done and we are waiting on the third reading to have their budget.

MZ: The rumors in Iraq are along with that third reading they will announce the HCL.

Member: The third reading is the final reading.

MZ: We hear the third reading may be on Saturday.

Member: What is HCL?

MZ: Hydro Carbon Law. it’s the profit sharing between the Erbil region and Iraq. We were told when it is passed- the RV can occur. Within days of it passing the new rate should be out.

MZ: It may be time to start getting excited…We just need to manage our expectations

Member: is it true the budget was published in the Gazette yesterday?

MZ: it is absolutely not true. But I am told there is a good chance it could be published in this Saturdays Gazette. I heard that from a couple folks who believe that is going to be our “Go”. But it most likely will be next Wednesday.

Member: Iraq has never done anything on time…..lol

MZ: “Parliamentary finance is considering reviewing the price of oil in the 2025 budget” In the article they say they may be making a change on the price of a barrel of oil and the EXCHANGE RATE of the dollar.

Member: What will happen if Iraq doesn’t revalue its currency by December 10th .. anybody have any ideas?

Member: We will just continue to sit and wait like we have been doing for years….

Member: apparently the money auctions must end before rv.

Member: Dr. Kia Pruitt had Rod Steel on last night. Over 2 hours of intel from Rod.

Member: 2 of Rod steele’s contacts said late January

Member: I still think we have to wait until after the inauguration on Jan 20th. So that fits.

Member: Rumor floating around that we are going to see the new Dinar rate on the Forex on Sunday.

MZ: Unfortunantly no bond news today.

Member: Can you address what the strict NDA will entail?

MZ: We do not know exactly what the NDA will look like….or if we will even have one. I was told by my banking folks that they do not think we will have one unless we have Zim projects. Otherwise they don’t think we will have one.

Member: IMO- The main project all of us will have is how to use the money wisely.

Member: how long do we have to redeem or exchange???

Member: Mark has always said about 10 days to make appointments and 30 days or so to exchange.

Member: Should we be concerned about safety when we go to the bank to exchange?

Member: We are told Redeeming banks or redemption centers will have plenty of security. The best security we will have is to keep our mouths shut about our new wealth.

MZ: Dr. Scott Young will be with us tonight.

Member: Still Hoping for the best Christmas ever!

Member: Can you feel the excitement? Hope this happens by Christmas!

Member: Everyone enjoy your day. The best is yet to come

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=mmc3KaOmHNA

Half of Americans Feel Safer Holding Cash Over Other Investments

Half of Americans Feel Safer Holding Cash Over Other Investments. Are They Right?

Laura Bogart   Wed, December 4, 2024  GOBankingRates

These days, you can get the lowdown on virtually any kind of investment delivered right to your fingertips. You can Google information about stocks and instantly find articles, YouTube tutorials and explainers galore. Then there are the TikTokers sharing their stock picks. Or, if you really needed to, you could always ask Alexa — not the device, but your cousin, the financial advisor.

Yet, despite the abundance of investment information, a survey conducted by Empower suggests that cash still reigns supreme. Roughly 52% of people surveyed preferred to keep cash instead of exploring other investments.

At first glance, this information seems eye-popping. Can more than half of respondents really prefer stashing money in their wallets over growing it through investments? And is that even wise?

The answers are, unsurprisingly, more complicated than you might think.

Cash Can Feel Like a Safeguard Against Uncertainty

Safety is the name of the game when it comes to Americans’ passion for cash. About 49% of survey respondents said they felt safer holding cash compared to other investments. This anxiety is fueled by uncertainties in the market, particularly fears of a looming recession.

But everyday worries about being caught unprepared in an emergency also contribute to the “cash is king” mentality. About 69% of respondents said they carried cash for emergencies, while 59% appreciated the quick accessibility of being able to pull out cash — like Superman rushing out of a phone booth.

Interestingly, survey respondents showed equal enthusiasm for carrying cash as a safeguard for peace of mind and for its reliability, with 39% of people agreeing on both counts.

Your Passion for Cash Doesn’t Have to Mean Zero Growth

TO READ MORE:  https://www.yahoo.com/finance/news/half-americans-feel-safer-holding-160546646.html

Seeds of Wisdom RV and Economic Updates Thursday Morning 12-05-24

Good Morning Dinar Recaps, 

MISSOURI BILL WOULD BAN CBDCS, MAKE GOLD AND SILVER LEGAL TENDER

Missouri lawmakers have been trying hard to pass an anti-CBDC bill, and one of these days, they may succeed.

Attempts continue in the US state of Missouri to prohibit the potential use of central bank digital currencies (CBDCs). The state has seen several bills this year to stave off the digital currency, which does not currently exist in the United States.

Bullion yes, CBDC no

Republican Senator Rick Brattin pre-filed Senate Bill (SB) 194 on Dec. 1. The bill introduces changes to state law that would prohibit public entities from accepting a CBDC or participating in any testing of a CBDC. It also changes the definition of money in the state’s Uniform Commercial Code (UCC) to exclude CBDCs.

In addition to the provisions on CBDCs, the bill would require the state treasurer to keep at least 1% of state funds in gold and silver. It would also exempt the sale or exchange of gold and silver from the state capital gains tax and make gold and silver legal tender.

“The act declares that gold and silver shall be accepted as legal tender at their spot price plus market premium […] in the state of Missouri. Costs incurred in the course of verification of the weight and purity of any gold or silver […] shall be borne by the receiving entity.”

Massive legislative anti-CBDC push

The bill’s provisions on CBDC are similar or identical to those in other bills introduced in Missouri earlier this year.

SB 1352 would make numerous changes to the state UCC, including a prohibition on CBDCs. It is still in committee. House Bill 2780 would also ban CBDCs and affect a variety of commercial transactions. It passed a House vote and has been forwarded to the state Senate.

SB 826 concerned CBDCs alone and failed to pass. SB 736 and its companion bill in the state House of Representatives concerned CBDCs and gold and silver and failed to pass. Brattin had previously introduced SB 866, which contained substantially identical provisions with differences in wording. It died in committee.

Anti-CBDC legislation is being passed in an increasing number of US states. Louisiana and North Carolina have passed laws to that effect in recent months.

The struggle against CBDC has been taken up on the national level as well. The US House of Representatives passed the CBDC Anti-Surveillance State Act on May 23.

@ Newshounds News™

Source:  CoinTelegraph

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BITCOIN ENDORSED BY US FED CHAIR POWELL AND RUSSIA’S PUTIN IN HISTORIC SHIFT

In an unprecedented turn of events, Bitcoin received endorsements from two of the world’s most influential leaders yesterday. US Federal Reserve Chair Jerome Powell and Russian President Vladimir Putin independently acknowledged the cryptocurrency’s growing significance during separate events on December 4, 2024. Their remarks signal a potential paradigm shift in the global financial landscape, as Bitcoin continues to gain mainstream acceptance.

Jerome Powell Compares Bitcoin To Gold

During the New York Times DealBook Summit, Jerome Powell engaged in a  conversation with Andrew Sorkin about the role of cryptocurrencies in the banking system. When questioned about Bitcoin’s rising prominence and talks in Washington about creating a strategic BTC reserve, Powell outlined the Federal Reserve’s perspective.

“From the jobs that we have, what’s relevant is really two things,” Powell said. “One is just, you know, what role should crypto assets be allowed to play in the banking system. We try to keep the banking system safe and sound. We regulate and supervise banks, and we would want the interaction between the crypto business and the banks to not threaten the health and wellbeing of the banks.”

Powell added that the other task of the US Federal Reserve is consumer protection. “We would want the public to know crypto products and things like that. There’s sort of a consumer protection aspect of it. They need to understand exactly what it is. But we don’t regulate it directly and we don’t have that big of a role.”

When asked if he would ever own Bitcoin himself, Powell succinctly replied, “I’m not allowed to.”

Sorkin then suggested that BTC might symbolize people’s faith—or lack thereof—in the US dollar or the Federal Reserve. Powell responded by likening Bitcoin to a traditional store of value: “I don’t think that’s how people think about it. I mean, people use Bitcoin as a speculative asset, right? It’s like gold.

It’s just like gold, only it’s virtual. It’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar. It’s really a competitor for gold. You know, that’s really how I think of it.”

Vladimir Putin Highlights Bitcoin’s Resilience

On the same day, President Vladimir Putin spoke at the Russia Calling forum, where he discussed the diminishing dominance of the US dollar and the rise of alternative financial instruments. Putin emphasized the inevitability of new technologies like BTC in reshaping the global economy.

“The use of the dollar as a world currency gives the US a lot of money,” Putin stated. “Thanks to the dollar, the US continues to exploit other economies of the world for their benefit.

One thing is to prohibit the use of dollars and the other thing is not to use it. That is why we see (economic) processes with the use of other instruments.”

He pointedly added, “For instance, who can ban Bitcoin? Nobody. And who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies.

And no matter what happens to the dollar, these tools will develop one way or another, because everyone will strive to reduce costs and increase reliability.”

Putin also commented on the global shift away from the dollar: “Even the countries that are allies of the US reduced their currency reserves in dollars and in euros.”

Reactions From Community

The endorsements from Powell and Putin sparked immediate reactions from prominent figures in the cryptocurrency space. Vijay Boyapati, a former Google engineer and author known for his book The Bullish Case for Bitcoin, took to X to express his thoughts: 

“Jerome Powell calling Bitcoin digital gold is the biggest endorsement of Bitcoin yet, if you understand where financial power lies. Bigger than Fink or even Trump.”

David Bailey, CEO of BTC Inc and advisor to former President Trump’s team—who was instrumental in turning Trump pro-Bitcoin —also weighed in via X: “The Bitcoin Space Race is here. […] It couldn’t be more clear what’s happening. It must be a national priority to stand up the Strategic Bitcoin Reserve in the first 100 days of the Trump admin. We need an aggressive plan to grow USA’s proportional ownership of the Bitcoin supply.”

@ Newshounds News™

Source:  Bitcoinist   

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“Tidbits From TNT” Thursday Morning 12-5-2024

TNT:

Tishwash:  Parliament session agenda for Thursday

The House of Representatives will hold a regular session tomorrow, Thursday, in which it will read the second reading of the amendment to the financial budget law for the years {2023, 2024 and 2025).

Reading verses from the Holy Quran

First: Voting on the draft law of the National Intelligence Service. Security and Defense Committee. Article 36 (The National Intelligence Service. Affairs).

Neutrality Second: Voting on the proposed law amending the first law of Passports Law No. 32 of 2015. (Security and Defense Committee) (5) Article).

Third: Report and discussion of the second reading of the draft law amending the first law of the Federal General Budget Law of the Republic of Iraq for the fiscal years (2023 - 2020 - 2025) No. (13) of 2023. Finance Committee). 2024

Fourth: Report and discussion of the second reading of the draft law amending the fifth amendment to the Civil Aviation Law No. 148 of 1974. (Transport and Communications Committee).   link

Tishwash:  Government advisor: The budget is hedged by the oil price at $70 and the deficit is 64 trillion dinars

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that "the federal general budget No. 13 for the year 2023 (the three-year budget) is hedged by the price of a barrel of oil at $70.

Saleh told Al Furat News Agency, "Any increase in oil prices, assuming fixed production and export quantities, will lead to reducing the hypothetical budget deficit gap of 64 trillion dinars."

He  explained that "despite the above, reducing Iraq's share of production within OPEC + is supposed to remove any potential glut in the supply of crude oil in the energy market, which leads to prices being higher than what is estimated in the budget and may even compensate for the shortfall in the quantities of oil produced that were reduced at the same time."

The House of Representatives is scheduled to begin its session tomorrow, Thursday, with the second reading of amending the three-year budget law.

Prime Minister Mohammed Shia al-Sudani, during his hosting of today's session, called on the House of Representatives to expedite amending the budget law. link

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Tishwash:  The Finance Committee decides to host Taif Sami to complete the amendment of the budget law

On Wednesday, the Finance Committee held a meeting at its headquarters to discuss the report on the draft law amending the second amendment to the Federal General Budget Law for the years 2023 - 2024 - 2025, No. (13) of 2024.

A statement by the committee stated that the meeting was held in the presence of its chairman and all members, and began by emphasizing “the exceptional efforts made by the committee to amend the budget items related to the costs of producing and exporting oil from the Kurdistan Region and the obligations associated with them.”

The statement added that the committee chairman "stressed the importance of setting applicable provisions and obligating the relevant authorities to implement them, while pointing out the need to obtain clarifications from the Ministry of Finance regarding the mechanism for financing the amounts and financial allocations."

According to the statement, the committee discussed the draft report of the second budget amendment law, reviewed and approved members’ comments, and held detailed discussions on how to calculate production and transportation costs, appropriations and contracts, in addition to the mechanism for managing accounts. 
 
The Finance Committee decided to host the Ministry of Finance to complete the procedures related to amending the law, while the meeting discussed the committee’s report on hosting the Ministry of Oil and the results drawn from this hosting.  link

Mot . Finally! - MY Day!!! 

Mot: Earl and the vacuum

MilitiaMan & Crew-Iraq Dinar News-Executive & Legislative Authority Integration-Full Support-Government Program

MilitiaMan & Crew-Iraq Dinar News-Executive & Legislative Authority Integration-Full Support-Government Program

12-4-2024

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

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

https://www.youtube.com/watch?v=NdKStLLJe7A

Seeds of Wisdom RV and Economic Updates Wednesday Evening 12-04-24

Good Evening Dinar Recaps,

FED CHAIR POWELL VIEWS BITCOIN AS DIGITAL GOLD, NOT A DOLLAR COMPETITOR

Powell reiterated his remarks on Bitcoin being used solely for speculative purposes, not being a competitor for the US dollar.

The Federal Reserve Chairman Jerome Powell dismissed the notion of Bitcoin as a replacement for the U.S. dollar, instead framing the leading crypto as a speculative asset comparable to gold.

Powell shared his insights during an appearance at The New York Times DealBook Summit in Manhattan, emphasizing Bitcoin’s volatility and limited use as a form of payment or store of value.

According to Powell:

“It’s just like gold, only it’s virtual… It’s very volatile, it’s not a competitor for the dollar, it’s really a competitor for gold. That’s how I think of it.”

Powell’s comments come amid heightened speculation about Bitcoin’s growing influence in global finance. Crypto recently achieved a market capitalization of $1.92 trillion, surpassing silver, valued at $1.75 trillion, to become the world’s eighth most valuable asset. However, it remains far behind gold, which holds an estimated market value of $18 trillion.

This is not the first time Powell has used this comparison to address Bitcoin. In 2021, the Fed chair said that crypto is not useful as a store of value due to its intrinsic volatility, with Bitcoin being “essentially a substitute for gold, rather than for the dollar.”

Under President Joe Biden’s administration, the Fed is accused of being pivotal in Operation Chokepoint 2.0, an alleged plan to hinder the progress of the US crypto industry.

In August, following a Fed mandate directed at crypto-friendly Customers Bank urging tighter risk management and compliance measures, Gemini co-founder Tyler Winklevoss stated that the initiative “is alive and well.”

DeFi as ally
Despite Powell’s conservative tone toward Bitcoin and crypto as an asset class, Fed Governor Christopher J. Waller recently praised DeFi as an ally.

At the Vienna Macroeconomics Workshop on Oct. 18, Waller argued that intermediaries are still fundamental for the financial markets. However, he acknowledged that DeFi applications presented technologies that offer efficiency to traditional financial instruments.

He recognized the benefits of distributed ledger technology (DLT), tokenization, and smart contracts, which can enhance the speed and accuracy of financial transactions.

Moreover, Waller recognized at The Clearing House Annual Conference 2024 on Nov. 12 that central bank digital currencies (CBDC) are not helpful for payments, questioning whether the payments system has a problem that CBDCs could solve.

@ Newshounds News™

Source:  Crypto Slate

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RIPPLE’S RLUSD STABLECOIN SET TO LAUNCH TODAY, WHAT’S NEXT FOR XRP?

The highly anticipated launch of Ripple’s dollar-pegged stablecoin, RLUSD, is expected to take place today, December 4, 2024. However, Ripple is reportedly awaiting approval from the New York Department of Financial Services, according to local media reports.

What is RLUSD?
Ripple USD (RLUSD), a 1:1 USD-backed stablecoin, offers transparency and stability on the XRP Ledger and Ethereum. With the launch of RLUSD, Ripple aims to leverage both its stablecoin and native token, XRP, to enhance its cross-border payment solutions.

At present, Ripple Labs has warned investors and institutions to avoid engaging with any token claiming to be RLUSD or Ripple USD before its official launch to prevent falling victim to scams. Despite this warning, RLUSD is currently listed on the cryptocurrency data platform CoinGecko.

Since August 2024, Ripple has been beta testing its RLUSD stablecoin on the XRP Ledger (XRPL) and Ethereum’s mainnet. The firm has shared plans to gradually expand RLUSD to more blockchains and DeFi protocols in the future.

Will RLUSD Impact XRP Price?
Despite the RLUSD launch, Ripple’s native token XRP, has already gained significant attention over the past week. Furthermore, experts anticipate a notable upward momentum for XRP once RLUSD becomes available on exchanges.

Currently, XRP is trading near $2.55 and has registered a price decline of 2.55% in the past 24 hours. During the same period, its trading volume dropped by $28%, indicating lower participation from traders and investors amid a bullish outlook.

@ Newshounds News™

Source:  Coinpedia

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THE SURPRISING TRUTH ABOUT BITCOIN GOLD NOBODY TELLS YOU  I  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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More News, Rumors and Opinions Wednesday PM 12-4-2024

Ariel:  Breaking News…

And So It Begins (For Real This Time)

For those who have always been confused by the “So It Begins” Mr. Pool images with the multi colored mountain Ice caps.

Ripple, the company behind XRP, has partnerships with financial institutions globally. If South Korea’s situation leads to a need for more efficient cross-border payments, Ripple’s technology could see increased adoption.

Political instability or emergency measures like martial law can lead to increased market volatility. Investors might turn to cryptocurrencies like XRP as a hedge against uncertainty.

South Korea is known for being one of the more crypto-friendly countries. Any emergency economic measures might include or affect cryptocurrency regulations, potentially boosting XRP if Ripple’s efforts in regulatory compliance are seen favorably.

Many people do not understand. XRP is positioned as a bridge currency for cross-border payments, directly challenging traditional banking systems. Its rise could lead to significant shifts in how countries handle international trade and currency reserves.

Think about it. In general If there was a significant shift in the cryptocurrency market, especially with a major asset like XRP, leading to financial instability or a perceived threat to the national economy, a government usually considers drastic measures.

If South Korea is integrating blockchain technology like XRP into its financial system, such rapid changes could cause market instability, prompting drastic measures to maintain control. But ofcourse mainstream news will not tell you this. But the signs are there.

The declaration of martial law could be aimed at mitigating potential unrest related to a sudden shift in financial systems or the collapse of legacy systems tied to the rise of cryptocurrencies like XRP. Which we are all witnessing at this very moment.

https://dinarchronicles.com/2024/12/04/ariel-prolotario1-and-so-it-begins-for-real-this-time/

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

Militia Man  Article quote: "There is a serious keenness to show the image of a bright strong disciplined state in front of other countries and other people."  They're going to stand up and be proud.  I think when they showcase their new currency, their real effective exchange rate and all the things that they've accomplished in the last few years...they're going to have a lot of people from other countries and other peoples of the world being congratulatory...

Mnt Goat   ...Remember there must be a Stable and Secure Iraq in order to conduct this process of deleting the zeros... Oh… and we know what the final outcome of this project is and it will lead to the reinstatement...It is early December and my CBI contact told me the committee in charge of this rollout of the newer lower denominations is still planned for soon.

GOLD To Play Major Role in 'Stealth' Monetary Reset: Andy Schectman

Commodity Culture:  12-4-2024

Andy Schectman is seeing signs that plans for a monetary reset involving gold as a key component are underway, and this new system could be tied into both a BRICS currency and a Central Bank Digital Currency backed by physical metal.

Andy also discusses President Trump's hard line against BRICS nations trying to operate outside the US dollar, whether the stated gold reserves in America are really there and much more.

00:00 Introduction

 00:40 Trump's 100% BRICS Tariffs

04:52 How Much Gold Does the US Really Own?

09:51 Canada Has Zero Gold Reserves

11:48 Is Crypto Eating Gold's Lunch?

18:05 Tokenization of Gold and Silver

28:08 Would Peace Be Bearish for Gold?

30:07 Crackdown on Free Speech

37:55 China's Massive Gold Discovery

https://www.youtube.com/watch?v=31re-AIN9hU

7 Key Signs You’ve Reached Financial Freedom

7 Key Signs You’ve Reached Financial Freedom

Caitlyn Moorhead  Tue, December 3, 2024  GOBankingRates

Achieving financial freedom is a goal many aspire to, but how do you know when you’ve truly passed that financial finish line?

This concept goes beyond just having a hefty bank balance in your savings account; it’s about living life on your own terms. Whether you have just started investing or have been consistently adding to your retirement accounts, how you reach your short-term or long-term financial goals has many paths.

Financial advisors have an array of methods you should try such as developing passive income streams, diversifying your investment portfolio or even moving your savings to where you can earn the highest interest rates. No matter what financial advice you take, determining when you reach financial freedom will feel differently depending on your ultimate goals.

Here are seven key signs that indicate you’ve reached financial freedom and how you can recognize them when you do.

You Live Comfortably Within Your Means

Living within or beneath your means is the bedrock of financial freedom. This doesn’t imply scrimping and saving but rather spending wisely in alignment with your income or when your income increases. When you’re financially free, your lifestyle doesn’t strain your finances.

You can comfortably afford your living expenses and occasional luxuries and still have money left over without surviving paycheck to paycheck. This balance is a clear sign that you’re financially comfortable and managing your resources effectively.

You Have No High-Interest Debt

High-interest debt, like credit card balances, can be a major obstacle on the road to financial freedom, especially when it can so easily spiral.

If you’ve reached a point where you’re not necessarily debt-free but free from paying high interest, it’s a significant milestone. It indicates not only that you’ve managed past debts well, but also that you’re likely making prudent financial decisions to avoid future high-interest liabilities.

You Have a Robust Emergency Fund

An emergency fund is your financial safety net, designed to cover unexpected expenses or financial shocks like medical emergencies or job loss.

Having a substantial emergency fund that can cover several months of living expenses is a clear indicator of financial freedom. It means you’re prepared for life’s uncertainties and can handle a multitude of financial scenarios without derailing your stability or spiraling into debt.

Your Investments Are Growing

TO READ MORE: https://www.yahoo.com/finance/news/7-key-signs-ve-reached-170008581.html 

Wednesday Evening Chat With MarkZ 12-4-2024

Wednesday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good evening one and all…..

Member: I heard from a lil bird that this weekend will be something special!!

MZ: We did have some good news out of Iraqi parliament today. “Parliamentary Finance : Satisfaction and optimism with the rate of completion of the government program” They want you to know that they made great progress and have expectations for the budget to be voted on in the next few days.I am looking forward to seeing the news tomorrow morning.  

MZ: From insider news and other sources in Iraq- I have more confirmations that they are trying to having it done by Dec 10th and Victory Day. It made me feel really good to hear this from another source or two.

Member: Heard auctions would cease on 12/31. Then dinar would have a new rate

MZ: No new bond news today.

Member: Could it be the news coming out for the “RV” that the bonds are already laying in waiting for the signal and we all go together?? Just a thought

Member: MM's crew debunked those ridiculous notes - we are looking for 1's, 5's, etc if the dinar is worth more than the dollar

MZ: Yes we are looking for the 1’s and 5’s….but think the $250’s could act as a bridge for in between. This is just a first step…and as the dinar value goes way up- they will need 1’s and 5’s.

Member: And TNT says those smaller notes will be out shortly.

MZ: “Trump nominates Paul Atkins to lead securities and exchange commission”  What does this tell us?  A shift to crypto friendly policies. This is taking power away from the Federal Reserve.

Member: Mark do you know how things are going to work when rv happens.  Some say there is no 800 numbers and we go to the bank?

Member: You are free to do as you wish. I am going to a designated redeeming bank/redemption center with the security and the people trained to do our exchanges.

Mod: FOR THE ANNOUNCEMENT OF THE 800 #s… SIGN UP AT THESE WEBSITES: Dinar Chronicles: http://www.dinarchronicles.com OR https://dinarrecaps.com

Member: I wonder -will we know the rates before we get to the RV?

Member: Whatever the rates…it will be much more than we have now.

Member: Good night all and see you in the AM……Sweet RV dreams

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

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

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

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

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

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

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