Sunday, June 30, 2024
Major U.S. Sector To Be Affected If BRICS Ditches the Dollar, 30
Major U.S. Sector To Be Affected If BRICS Ditches the Dollar
The BRICS alliance is looking to launch a gold-backed currency to topple the U.S. dollar. The announcement about the formation of a new currency could be unveiled at the upcoming summit in October 2024. The goal of BRICS is to create a multipolar financial world where developing countries will limited connection to the U.S. dollar.
Global trade will mainly be settled in the new BRICS gold-back currency or local currencies of other developing countries. This would help them safeguard their native economies as hoarding the U.S. dollar in reserves comes at a risk. The growing debt in the U.S. touched $34.4 trillion this month and developing nations want to distance themselves from the dollar.
BRICS: Major U.S. Financial Sector To Be Impacted If the Dollar is Ditched
The main U.S. sector to be affected if BRICS ditches the dollar is the banking and finance sector. Banks across America will be forced to take concrete measures to safeguard the prospects for the U.S. dollar. Moreover, new currency pairs could take center stage in the forex market adding more pressure on the U.S. dollar.
Also, banks lend millions of dollars globally and the amount disbursed could be reduced considerably. Therefore, the U.S. dollar will experience a dent in the supply and demand mechanism and banks will take the first hit due to the BRICS de-dollarization initiatives. U.S. banks are already in crisis with several banks facing closures and bankruptcies since 2020.
If the banking sector takes the first hit, the next dent will inadvertently be the financial sector in the U.S. The financial sector is broad and involves consumer goods and retail, technology, and fintech, among various others. Even inflation could hit the U.S. homeland making the prices of everyday essentials peak. BRICS ditching the dollar for global trade and transactions will begin to have adverse effects on the U.S. economy and day-to-day life in America will be impacted.
Source: Watcher Guru
"RV UPDATE" BY MIKE BARA, 30 JUNE
MIKE BARA
The “Bondholder” still has not been paid. He is expecting a call today.
Other than the MarkZ report that an announcement about lower denominations has been made in Iraq, There is nothing else to put out right now.
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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 at "Sundown" and is a week long. There is no Plan C.
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Word from a source just received:
He got a call from a high banking source at a major bank in the south. “You’ve been bugging me about this for ten years. Well, congratulations buddy. Your dream is about to come true.”
SOURCE: “What do you mean?”
BANKER: “We just got a letter from headquarters informing us to get ready because ‘The Iraqi Dinar is revaluing extremely soon.’”
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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 at "Sundown" and is a week long. There is no Plan C.
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The "Bondholder" 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.
6.21.24
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💢 Update from Mike Bara 6.15.24
💢Mike: OK, I hate to be the Bara of bad tidings, but I just got info from "The Bondholder" — who is not a bond holder but a bond broker waiting to be paid commissions by the US government for bringing in historic bonds — to the effect that he won't be paid until Tuesday.
We were hoping he'd been paid already. This would clear the way for Tier 4B, us, to be paid out.
We were all hoping and waiting for some announcement or notifications this weekend.
That can still happen, but IMO we don't get paid until after guys like him get paid. So we wait... and hope.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-mike-bara-16-june.html
https://dinarevaluation.blogspot.com/2024/06/summary-of-rv-updates-by-mike-bara-30.html
JUDY NOTES, 30 JUNE
Judy Note
From the information contained herein it’s assumed that matters regarding the Global Currency Reset and changeover to Sovereign Republics of nations of the World were imminent:
- Everything has been completed for NESARA/GESARA payouts including GESARA being announced through certain media, making it legal.
- All debts of various nations including the US, have been settled using GESARA funds collected from the Cabal. GESARA has begun paying out in several countries, with the US payouts to citizens scheduled.
- Payouts for the Global Currency Reset has been authorized, scheduled and reported.
- Word was that right now some Tier 3 Zim Holders were in Reno meeting with their Wealth Managers and proceeding with the redemption process. The Pentecostal Group has already started to pay out their Group One.
- On Thurs. 27 June the new Iraqi Dinar rate was available to citizens of Iraq through their debit cards and ATMs.
- Iraq has scheduled an announcement of their new Dinar Rate by publication in their Gazette on Sat. 29 June, with the celebration scheduled for Sun. 30 June.
- Very soon Tier4b was expected to begin exchanges in China, the process going across Asia and into Europe and then to the US.
- The Pentecostal group will begin to pay out their Group Two on Thurs. 4 July – the same day the US will be celebrating Independence Day with major announcements expected.
"RV UPDATE" BY TEXAS SNAKE, 30 JUNE
TEXAS SNAKE
Sat. 29 June 2024 Texas Snake
“I have nothing to confirm the hour we will be notified about appointments to exchange or the dollar value of same, I do know the banker has had his staff on a one hour call to report to their assigned locations once the release has become authorized for the past three days, and that the rate in country was published in the Gazette today Sat. 29 June 2024. So folks we are extremely close. GOD Bless.”
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TEXAS SNAKE
As most know our Saturday is Iraq's Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from 3 different sources that Iraq is planning a nationwide celebration for this Sunday.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM's with the new currency will be opened. So this is my hoped for announcement for tomorrow. GOD Bless.....
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Just an FYI but I closed the room after the comments about Gurus and MarkZ, this room is for my connections with major international bankers and NYSE upper management as well as a WF banker involved with actual exchange centers his bank has prepared to do actual monetary exchanges of currencies.
I plan on advising once the exchange platform is about to begin so we will have an advance alert.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-texas-snake-via-telegram.html
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