Mon. 24 June 2024 Mike Bara The situation as I understand it: This should have gone in April. That was Plan A. The USA stopped it. The window for Plan B opens tomorrow Tues. 25 June at “Sundown” and is a week long. There is no Plan C.
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MIKE BARA
💢Mike Bara updates on his contact 6.22.24 -- The "Bond holder" is once again certain he gets paid out on Tuesday, but he is returning to his city of origin tomorrow. He HAS to be in this location to get his payout. This means the payout COULD come sooner than Tuesday. More as I get it...
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💢Mike Bara: High WF banking sources are telling people who hold currency not to bother taking any contracts for work longer than a week or two — no matter how much money is involved.
We are almost there, folks…
💢 Gezelle, Liberty Lounger Extraordinaire, offers clarification for those who might be a little confused
➡️ They are advising not to take any contracts for work (self-employed people) for more than max 2 weeks.
“I’ve just received incredible news from my contact in Brazil. He said to “Get Ready.” I think Tuesday (25 June 2024) is going to be the day.
“Yesterday I received an intel from Brazil saying that the payments are about to commence, and that is regards to his platform, and then about two hours ago (today), I sent him a message asking how things were progressing. He said, “They are progressive beautifully. The leaders are getting paid.”
“I received another intel from Brazil, where he said,
“Remember about what I told you last week.” He said, “I am letting you know it is about to commence.”
“I received an intel audio in Portuguese, and it said, “Practically all is started, and everything is confidential. Stay attentive, because everything is happening.” He is talking about Brazil – The Tier4 A group and the Tier4B.
“And the USA is already close. About an hour ago, I received an Intel from my contact in America, which says, “Intense movement In the USA. Tier4B notification news.”
“There is another audio I received, not in Portuguese, but in Spanish, saying that it looks like things have started. “It looks like things are rolling. I am hoping that what I received is correct as I am only a messenger. Praying is all happening. People are getting emotional. But the person said I am not going to get emotional until I start seeing things happening from my end, but it looks like things are beginning to start. Lets’ hope and pray to God that tomorrow we will end up having real solid news in terms of hearing people getting paid and/or my contacts being paid and so on. We pray this comes true. Hopefully, tomorrow, we will get the victory sign.
💢 BRILLIANT add to the conversation regarding money moving in digital currency. You'll want to save this for your understanding. This is from Gary, Admin Extraordinaire 6.21.24
💢Gary: XRP will be the bridge that money is transferred with. You just won’t see it. Right now we send money by CashApp, or Venmo, or GoFundMe. How does my money reach you using these apps? They use what’s called a bridge to transfer those funds. XRP=BRIDGE. That’s how XRP will be involved.
You will never see it. Money is transferred between your same-bank accounts by a ledger. The QFS is a ledger for your new funds. Moving money from bank to bank, like your QFS account to your Chase account will use XRP to make that move.
When that time comes, only banks will have XRP. Our profits will come from the sale of our XRP to those banks. When you currently use your debit or credit cards to purchase something and they use Stripe, or Applepay, they swipe your card. Those types of bridges will be XLM, so I’m told. Hope that helps.
Iraqi Economic Ministerial Council to hold special session in Kurdistan to address persisting issues
Shafaq News/ The Iraqi Economic Ministerial Council decided, on Monday, to hold a special session in the Kurdistan Region to resolve all outstanding economic issues.
The session will involve all economic entities from the federal government and the Kurdistan Regional Government (KRG).
The decision was made during the 18th session of the Economic Ministerial Council, chaired by Foreign Minister Fuad Hussein. The meeting was attended by Deputy Prime Minister and Minister of Planning, and the Ministers of Finance, Trade, Agriculture, Industry, and Labor and Social Affairs, along with the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq (CBI), the Prime Minister’s economic and legal advisors, the Chairman of the Securities Commission, and the Deputy Minister of Oil.
The council reviewed the items on its agenda, made necessary decisions, and approved the Ministry of Transport's request to commission a railway project between Basra and the Shalamcheh border crossing, subject to financial authorities' approval.
The council also endorsed the National Lending Strategy following a briefing by CBI’s Governor on the strategy and previous lending initiatives. Additionally, a special session will be held to discuss ideas and proposals aimed at increasing non-oil state revenues.
"Washington, D.C. — The Commodity Futures Trading Commission Open Meeting scheduled for Monday, June 24, 2024, has been cancelled. The matters under consideration have been completed through the Commission’s seriatim process."
Let's take a close look at what has been completed.
* "Final capital and financial reporting comparability determinations and orders for certain nonbank swap dealers domiciled in Japan, Mexico, the European Union (limited to France and Germany), and the United Kingdom
* Applications of ForecastEx LLC for Registration as a Derivatives Clearing Organization and a Designated Contract Market"
The first item on the list above that was completed dealt with Cross-Border applications of Swaps Provisions. Capital and Financial reporting is being allowed by non-U.S. swap dealers and market participants (MSPs) that meet agreed upon standards with their home jurisdiction's regulations instead of the CFTC's. You can look at the list above of Nations that qualify.
The reason for the above being so important is because of the following procedures. These swap execution facilities have to be registered to operate as derivatives clearing organization that will allow global access to foreign currency exchanges and other financial instruments of interest.
The final item deals with designating contracts. Designated Contract Markets (DCMs) are exchanges that list trading futures or option contracts that are based on all types of commodities. And this, comes under the Commodities and Futures Trading Commission (CFTC) and their governance.
Compliance Date: Effective July 13, 2023. Derivative Clearing Organizations DCOs must comply by July 12, 2024. (See Federal Register link below)
The completion of these swap dealer compliance issues in the Forex Market comes at a time when Iraq has just completed their requirements on phase one of their economic reforms. Phase one is a completion of reforms that have now qualified Iraq for international trade.