Baghdad to Host Iraq’s Largest Tech Event, 23 JUNE

  Baghdad to Host Iraq’s Largest Tech Event

Baghdad will host the Digital Transformation Initiative (DTI) Youth Forum on July 22, Iraq's largest tech event, sponsored by the Iraqi Prime Minister’s Office. 

This landmark two-day event will bring together over 8,000 attendees, including youth, entrepreneurs, and companies, to explore technological trends and digital solutions.

The forum aims to raise awareness about technology among Iraqi youth and will feature 20 local and international experts. Notable speakers include Safa Salwan, VP of Investments at JPMorgan; Mustafa Nooraldin, CEO of Acksession; and cybersecurity expert Saif Alshoker. Topics will cover the Internet of Things, start-ups, cybersecurity, digitalizing the government sector, the digital economy, renewable energy, and more.

In addition to the conference, the event will include a Youth Initiatives Exhibition showcasing local projects, a Companies Exhibition promoting IT services and products by young innovators, and the launch of reports and data on Iraq's technology sector. 

The DTI Youth Forum seeks to unite the efforts of youth, the private sector, and digital companies to drive digital transformation in Iraq, connecting Iraqi youth with the latest advancements in technology and innovation.  link

New BRICS Gold Token: Not a Cryptocurrency, Stablecoin, or CBDC BY AWAKE IN 3D, 23 JUNE

New BRICS Gold Token: Not a Cryptocurrency, Stablecoin, or CBDC

Learn why the BRICS UNIT token currency is unlike anything you’ve heard about before.

In This Article

• What is the BRICS UNIT Token?
• Is the BRICS UNIT a Cryptocurrency?
• Is the BRICS UNIT a Stablecoin?
• Is the BRICS UNIT a CBDC?
• What are Blockchain Nodes in the new BRICS UNIT Financial System?
• What is the BRICS UNIT’s Role?
• 
  

I get it. The revolutionary and groundbreaking makeup of the new BRICS+ gold-backed currency token (the UNIT) and its financial ecosystem is confusing.

This article explains what the UNIT token is, and how it differs from cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs).

What is the BRICS UNIT Token?

The UNIT token is a unique digital asset that is the definition of “real money”.

Combining both a stable store of value without the depreciation of fiat currencies like the US Dollar but also be fungible medium of exchange like a currency.

Unlike traditional cryptocurrencies or stablecoins, the value of the UNIT token is based on a basket of underlying assets, based on a 40% gold component and 60% local currencies component.

This combination gives the UNIT token a stable intrinsic value while being flexible and fungible for everyday transactions.

Is the BRICS UNIT a Cryptocurrency?

Cryptocurrencies, like Bitcoin, derive their value from supply and demand without being backed by physical assets.

The UNIT token, however, derives its value from a mix of gold and local currencies. This basket of assets ensures that the value of the UNIT token is more stable than that of typical cryptocurrencies, making it highly reliable for everyday use.

Is the BRICS UNIT a Stablecoin?

Stablecoins are designed to maintain a fixed value by being pegged to a fiat currency, like the US dollar.

The UNIT token, while also backed by assets, does not have a fixed value. Its value fluctuates based on the total value of its underlying assets and market demand.

This means the UNIT token is not a stablecoin, as it lacks the reverse conversion mechanism that stabilizes a stablecoins’ value.

Is the BRICS UNIT a CBDC?

Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and regulated by the central bank.

The UNIT token, however, operates on a Decentralized Autonomous Organization (DAO) structure, which means it is governed by a community of users (node operators) rather than a central authority.

This decentralized nature differentiates the UNIT token from CBDCs, ensuring it remains an apolitical and globally accessible digital currency.

What are Blockchain Nodes in the new BRICS UNIT Financial System?

In the UNIT ecosystem, individual countries that join the currency and financial network operate their own independent blockchain nodes.

These nodes ensure the decentralized and distributed nature of the UNIT token, enhancing security and reliability. Each participating country maintains control over its node, contributing to the overall resilience and integrity of the UNIT network.

This structure allows for a collaborative yet autonomous participation in the global UNIT financial ecosystem.

What is the BRICS UNIT’s Role?

The UNIT token will function as money, offering a stable medium of exchange, a unit of account, and a store of value. These are the four primary pillars of an ideal economic and financial system offering equality, fairness and prosperity for all participants.

Also Read: New  BRICS+ Currency Is the Key to Global Financial Prosperity

Unlike stablecoins, which are often used as a bridge in transactions, the UNIT token is a final stage currency. It will complement local currencies rather than replace them, providing a more stable and reliable alternative for trade and investment.

The Bottom Line

The UNIT token is a decentralized, asset-backed digital currency offering the benefits of both traditional money and digital assets.

Its unique structure and intrinsic value make it a promising tool for modern financial transactions, standing apart from cryptocurrencies, stablecoins, and CBDCs.

Its operation within a DAO framework and the use of independent blockchain nodes by participating countries ensure it remains decentralized and robust, making it a viable and innovative financial instrument.

Supporting article: https://brics-plus-analytics.org/how-does-the-brics-currency-transform-the-world-economy/

NADER FROM MID EAST: Iraq's Economic Outlook: Stagnation to Rebound

LATEST NEWS FROM NADER FROM MID EAST: Iraq's Central Bank in the process of Recovering Funds Taken Due to Corr...

💢 Latest from Nader 6.21.24

Super News! 😁 Billions in stolen funds have been recovered. 💥 Clear sign of transparency and Iraq's strong focus to rein in all corruption. This is extremely positive as it was one criteria which I felt was holding them up. I'm happy about this! 😁⬇️

~ Ginger of the Liberty Lounge 

The World Bank predicts Iraq's economic future in 2026, 23 JUNE

The World Bank predicts Iraq's economic future in 2026

The World Bank expected, today, Sunday, that Iraq will achieve economic growth of more than 5% in the year 2026.

The bank stated in a report followed by Mawazine News, that “Iraq’s economic growth for the year 2022 reached 7.6%, and in 2023 it decreased.” To reach - 2.9%.

He expected Iraq's economic growth to decline in 2024 to reach 0.3%, to achieve growth in 2025 of up to 3.8%, and to achieve growth in 2026 of up to 5.3%.

The bank's report indicated that "oil exporting countries from outside the Gulf Cooperation Council will help the expected recovery in the oil sector in 2025 boost growth in Iraq and Algeria." link

Weekend News with MarkZ. 06/22/2024

Weekend News with MarkZ

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

MZ: We spend the first part of the show with thecbdgurus having fun, then dive into some news at 10:30 am around the 45-minute mark.

Member: Good Morning – hope everyone has a great weekend.

Member: Remember that old Bloomberg video that said -“Theres a certain point….At midnight on some Saturday  night European Central time….they are going to announce it…heres the menu of the new exchange rates and have a nice Monday., Could this be the Saturday Night we have been waiting for???,

MZ:  Everything remains positive.  But there was a painful lack of news overnight.

Member: Any banking contact update?

MZ: No I do not have an update from them on what to expect on the 23rd. I am kinda surprised because they have been in meetings. I tried to reach out but hitting a brick wall.

MZ: Maybe the bankers signed NDAs about the events to happen on the 23rd?

MZ: A bank story: A little state bank in Texas …A member asked a teller if there was a new bank system….and was told “could be”  and then when asked if they exchanged foreign currency…they said “yes, we will be”  this is interesting from a smaller state bank. Seems more and more banks are reporting massive changes.

Member: TNT Tony says 99 % rv this weekend

MZ: I hope he is correct.

Member: Is the 1% of money paid to the Bondholders fiat or gold backed money?

MZ: Any thing they have now, presently  is in fiat.

Member: Imagine 10 days of darkness with no AC in this heat!!!

Member: Supposedly just the social media sites will go dark…not electricity

MZ: …there is no part of me that thinks they shut down electricity in the 10 days of darkness. Not worried about that at all.

Member: Hopefully Sudani gets things done shortly

Member: I am amazed what Sudani has done in 18 months

Member: Militia Man & crew had a good one yesterday. It’s coming

MZ: It is totally coming

Member: Mark, how much lead time do you think that you will get over the general announcement?

Member: Mark how do you stay positive about the RV with all the cry wolf for 20+ years? I just don’t see it happening anymore. lost hope

MZ: Just because it hasn’t happened yet, doesn’t mean it’s not happening. You can always put your currency on the shelf and be surprised when it does happen. If you study history- you will see that when fiat crashes …we can get close on timing…..but do not know the exact timing. All we can follow is the fundamentals. It will happen though.

MZ: This cycle has happened many times in our past. It happened with Rome…when it fell. They were clipping coins, they went to fiat using written letters….Same thing happened with England when they were the dominate currency. It happened in Spain. We have seen this happen before and with every one of them, debt forgiveness goes with it. We are watching history play out.

MZ: “Monetary Metals offers a silver bond for the first time in over 150 years”  I find this one interesting. Central banks stopped accumulating silver in the mid 1850’s when the world moved off the silver standard by the early 1870s. This metal is still a important tool for wealth protection. This is the free market picking up where the government and central banks are failing. When the US dollar explodes the free market will find a way to correct for it.

Member: Mark – how do you stay positive when there is no RV news?

MZ: You have it backwards because …..there is no negative news. There is nothing telling us it isn’t moving forward anymore.

Member: Remember how far you’ve come, not just how far you have to go.

Member: “Gold is money. All else is credit.” JP Morgan

Member: Full Restoration to ALL who are ill or Suffering. Hang in there better days are coming.

Member: Enjoy Your Weekend Everyone! Happy Birthday to those celebrating!

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

"ABOUT THE REGULATION S-P" BY GOLDILOCKS, 23 JUNE

Goldilocks and Seeds of Wisdom

“Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information”

The SEC has moved the customer information protection amendments to the Federal Registry. These guidelines were last updated in the year 2000.

These amendments have been updated to coincide with the new digital asset-based trading system, and they will go into effect August the 2nd, 2024.

Any customer working with a broker-dealer relationship in financial assets ranging from foreign currency to local economic assets will now be covered under these new amendments.

Federal Register | Finra

© Goldilocks