Sunday, July 14, 2024
Foreign Minister from Washington: US Treasury positively assessed Central Bank's efforts
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein confirmed that the US Treasury Department evaluated the efforts of the Central Bank positively, while indicating that a military delegation will visit Washington to hold security talks.
"Our visit to Washington was to attend the NATO summit at the invitation of the US side, and on the sidelines of the summit we held intensive meetings with leaders of several countries, and we held a meeting with the US Treasury to discuss issues related to monetary policy and banking signs," Hussein said in a press conference held in the US capital Washington, attended by the Iraqi News Agency (INA).
He added that "the US Treasury positively evaluated the efforts of the Central Bank," indicating that "a military delegation will visit Washington to hold talks on the security agreement concluded between Iraq and the United States."
He continued: "We discussed the future of the international mission in NATO meetings in cooperation with the Iraqi Ministry of Defense." link
RV/GCR In Plain Sight: A Financial System Tsunami is Now on the Horizon BY AWAKE IN 3D, 14 JULY
Critical shifts are set to redefine currency values worldwide and the key events happening now will trigger a Global Financial Reset
In This Article
- Overview of RV/GCR Purpose
- Structural Framework and Implementation
- Key Components and Their Roles in the Unfolding Financial System Shift
- GCR Triggers and Future Prospects
- The Premiere of the “Endgame GCR” Podcast by Awake-In-3D and Marie G.
The RV/GCR – Global Currency Reset (GCR) and the Revaluation of Currencies (RV) – are pivotal topics gaining traction in financial circles.
This article explores their fundamental components, structural intricacies, and the triggers that might set them into motion.
Overview of RV/GCR Purpose
The Global Currency Reset (GCR) represents a shift in the global financial landscape, aiming to recalibrate currency values and establish a more balanced economic framework. The Currency Revaluation (RV) pertains to the significant adjustment of currency values, reflecting their true market worth.
GCR is not an overnight phenomenon but an accelerating shift involving multiple layers of processes. Although the general public may not witness its unfolding, it incrementally transforms the global financial system.
There is a common expectation of sudden, dramatic changes; however, the reality is that substantial infrastructure and events must unfold gradually.
Structural Framework and Implementation
The GCR requires a comprehensive infrastructure, involving coordinated efforts across different countries and sectors.
Establishing an alternative financial system is pivotal. This system should be more equitable, transparent, and fair, replacing the existing debt-based fiat currency system.
Gold as a Key Component
A gold-backed system is considered a stable and reliable store of value, given gold’s universal intrinsic value. A partial backing (30-50%) by gold is deemed practical, providing stability while allowing flexibility for crisis response through debt or bond issuance.
Key Components and Their Roles in the Unfolding Financial System Shift
Alternative Financial Systems and Blockchain Technology
Modern economies demand efficient, cost-effective methods for currency movement and payment processing.
Blockchain and FinTech emerge as critical players, offering increased efficiency and reduced costs through peer-to-peer transactions, bypassing traditional banking intermediaries. These technologies represent the next evolution in financial systems, much like paper checks and ATMs in the past
DeFi (Decentralized Finance)
DeFi allows for a free market operation, unlike central bank-controlled digital currencies (CBDC). It utilizes blockchain, smart contracts, and transparency, operating on a global scale without jurisdictional constraints.
Key Components and Their Roles in the Unfolding Financial System Shift
Alternative Financial Systems and Blockchain Technology
Modern economies demand efficient, cost-effective methods for currency movement and payment processing.
Blockchain and FinTech emerge as critical players, offering increased efficiency and reduced costs through peer-to-peer transactions, bypassing traditional banking intermediaries. These technologies represent the next evolution in financial systems, much like paper checks and ATMs in the past.
Iraqi military delegation visits Washington regarding security agreement
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein revealed today, Friday, that an Iraqi military delegation will soon visit Washington to hold security talks.
Hussein said in a press conference held in the US capital, Washington, that "our visit to Washington was to attend the NATO summit at the invitation of the American side, and on the sidelines of the summit we held intensive meetings with leaders of several countries, and we held a meeting with the US Treasury Department to discuss issues related to monetary policy and banking signs."
He added that "a military delegation will visit Washington to hold talks on the security agreement concluded between Iraq and the United States."
“Endgame GCR” Podcast with Awake-In-3D and Marie G: Episode 1 BY AWAKE IN 3D, 14 JULY
A Complete overview of the systems, components and triggers for the RV/GCR are discussed in detail in this episode of Endgame GCR
The “Endgame GCR” podcast, hosted by Awake In 3D and Marie G, is a series dedicated to exploring topics related to the global currency reset (GCR) and currency revaluation (RV).
The show aims to cover a wide range of subjects, from the infrastructure of the GCR financial system to potential trigger events such as the introduction of a new BRICS common trade currency.
The main goal of the “Endgame GCR” podcast is to combine traditional financial insights with modern FinTech developments, helping listeners understand the practical implications of GCR-related changes on their daily lives.
Each episode will focus on specific topics, with the hosts striving to present balanced and practical insights.
Key Points Discussed in this Episode of Endgame GCR
- Introduction to the Alternative Financial System: The discussion begins with an explanation of the alternative financial system, emphasizing its gold component and decentralized finance (DeFi) base. This system incorporates blockchain, smart contracts, and transparency.
- Role of DeFi and Distinction from CBDC: DeFi allows everyday people and businesses to operate in a free market without central banking constraints, unlike CBDCs controlled by central banks. The global nature of DeFi means it operates beyond jurisdictional limits.
- Characteristics and Advantages of the Alternative System: The alternative system operates outside the fiat currency debt system, utilizing advanced technology. Its attractiveness lies in its efficiency, low cost, and ability to perform direct peer-to-peer transactions without intermediaries like banks.
- BRICS Alliance and New Financial System: The BRICS Alliance is developing a new financial system, including a common trade currency called the unit (UNT). This system is designed to be open and not controlled by any single country, ensuring fairness and equality in global trade.
- Details and Structure of the Unit (UNT): The unit (UNT) is 40% gold-backed and 60% backed by a basket of currencies from participating countries. This structure aims to provide stability and intrinsic value, reducing the risk of currency manipulation.
- Impact on the US Dollar and Fiat System: The launch of the UNT and the new financial system will likely lead to a decreased reliance on the US dollar, accelerating its devaluation. The transition will be gradual, with potential bugs to work out, and will pressure the G7 countries to adapt.
- Potential Responses from the US and Europe: The US is expected to resist joining the BRICS system, while Europe is more prepared for a transition to a gold-backed system. European countries have significant gold reserves and are better positioned for the shift.
- Preparation in Europe: Several European countries have been preparing for a gold-backed currency for years, with strategic reserves relative to their GDP. This readiness contrasts with the US’s slower progress.
- Political Challenges in the US: The US faces political gridlock that could delay its adaptation to new financial systems. This inefficiency contrasts with Europe’s more proactive measures.
- Conclusion on the GCR and RV Opportunity: Both hosts believe in the GCR and RV opportunities and aim to provide clear, practical insights. They emphasize the necessity of global systems, legal frameworks, and a gradual transition to support these changes.
- The podcast is designed to provide listeners with deep dives into various aspects of the GCR and RV, offering different perspectives to help form comprehensive and informed opinions.
About the Hosts
Marie G joined the GCR community in 2021. Initially focusing on digital assets and FinTech, she owns and operates a Telegram site called GCR True News, covering financial changes, gold and silver markets, and global banking regulations.
Awake In 3D is the founder and owner of GCR Realtime News on Telegram, X/Twitter, and ai3d.blog. With involvement in GCR-related activities since 2010, Awake In 3D brings a macro perspective shaped by experiencing various financial events and crises over the decades.
Awake In 3D offers a broad view informed by extensive research and knowledge of traditional financial markets, while Marie G provides comprehensive insights from the FinTech and digital asset industry, focusing on their impact on everyday people.
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