A friend of mine who lives in Germany (German Bonds). is very close to what's happening in Zurich! She told me two weeks ago that everything was being processed and settled,
and I asked her how far along they were, how long it would take and she sent me pictures of a boat party which took place on a big lake, so apparently she's not allowed to talk about it, that was answer enough for me
.
----
BREAKING NEWS
AFRICAN NATIONS TURN TO GOLD TO PROTECT AGAINST CURRENCY LOSSES
SOUTH SUDAN IS THE LATEST COUNTRY TO PLAN TO EXPAND ITS RESERVE BASE BY ADDING OTHER RESOURCES, SUCH AS GOLD.
President of the Republic: Iraq is politically, security-wise and economically stable and supports h Screenshot-gallery-97
{Politics: Al Furat News} President of the Republic Abdul Latif Jamal Rashid confirmed today, Tuesday, that Iraq seeks to develop its relations positively with various countries of the world, based on the stability it is witnessing on the security, political and economic levels.
The President of the Republic pointed out that "the Iraqi government is working on developing comprehensive plans to rehabilitate and operate factories and plants, and attract investors due to the existence of equal and promising opportunities for companies to invest in Iraq through vital and developmental projects, especially since Iraq today enjoys political, security and economic stability."
He stressed, "Iraq's efforts in combating violence against women and children, finding solutions to the issues of displaced persons, supporting human rights in general, and the means to activate joint international cooperation in this field,"
noting that "Iraq cares about and supports human rights in a distinctive way, and supports its principles and adopts them as a basis for legislating its laws and organizing community work, as all complaints in this regard receive attention and follow-up from the Presidency of the Republic and the relevant authorities."
In turn, representatives of diplomatic missions expressed their happiness with the "development taking place in Iraq," stressing "their countries' keenness to support Iraq's stability and expand the horizons of cooperation with it in various fields." LINK
So Sudani/Abadi have now demanded a timeline for the US troops to start leaving, giving them until the end of next year. This was the edict Israel was waiting for in order to strike.
Notice in the articles Iraq says they are a part of the new international development bank. That means BRICS, which means they’re part of it now and they just haven’t admitted it yet.
And they’re telling you in the comms that the timeline for completion is September. Don’t shoot the messenger. We’re just letting you know their true plans so you can prepare accordingly for your new lives.
@JonDowling
----
JON DOWLING
Now that Iraq is meeting in Washington and Netanyahu is wanting to go to DC, you have to figure that Israel is involved behind the scenes in these meetings planning their attack on the Iranian proxies.
@JonDowling
-----
Funny how America and Iraq copy each other. Dems and Rino’s going nuts because President Trump is safe and will lead to their exposure and demise. Similarly, Maliki in Iraq is going nuts trying to stop the reforms and ascension into the WTO, because he and his bastard goons know this is the end of them and their corrupt ways forever.
All Sudani needs to do is go to the border and talk to our military and tell them what’s up and let them go into parliament and pull out all the corrupt goons and this all ends. He is smart and most likely this will be his next course of action.
@JonDowling
----
The US is giving Iraq one week to pick a new speaker of the house. Next week they’ll finally have one.
That coupled with the talks to join the WTO brings us another step closer to the RI. Ultimately it’s all a stall tactic until Israel does their part. See you in September.
Next year, the Ministry of Transport will open three new international airports within the southern and northern regions of the country.
Director of the Ministry's Media Office, Maytham Al-Safi, explained to Al-Sabah that the ongoing work through local and international companies within the international airports of Holy Karbala, Nasiriyah and Mosul is continuing at an increasing pace and according to the prepared and predetermined timetable for completion.
He revealed coordination with the Imam Hussein Shrine to implement and complete the Karbala International Airport project, which is considered one of the vital projects important to strengthen the aviation infrastructure in the country, as a British company is responsible for its construction at a total cost of $500 million.
The airport is expected to receive six million visitors annually, making it the largest. in the country.
Al-Safi stated that work is underway at Nasiriyah Airport in Dhi Qar Governorate, by two companies, the
first of which is Chinese and is carrying out its construction according to international standards, and the
second of Turkey is supervising the implementation, while the designs of Mosul Airport are being completed by a consulting party, in addition to the continuation of contracting, manufacturing and factory inspections. And training for navigational systems, devices and specialized equipment Consecutively.
He stressed that the three airports will be opened next year, which is expected to contribute significantly to
improving the air transport infrastructure in Iraq, in addition to
strengthening economic and tourism ties with various countries of the world and
Episode 2 focuses on the BRICS currency model, particularly the gold-backed UNT system. The discussion aims to go deeper into this model, as previously discussed in Episode 1.
Episode 2 of the podcast centers on the idea of exchanging or redeeming GCR currencies and bonds for a higher exchange rate within the new gold-backed system. This system, referred to as the BRICS UNT or UNIT currency system, is designed to operate using gold backing.
Several assumptions are made for calculating currency rates within this system. These include using the price of gold per gram and considering the gold holdings of each BRICS country.
Variables such as the amount of gold each country possesses are factored in, despite some uncertainties. For instance, China’s gold purchases have continued in private channels despite official reports of cessation.
The UNT formula is composed of 40% gold and 60% currency basket. There are assumptions regarding the number and composition of the currencies in this basket. The global currency reset (GCR) aims to be gold-backed, seeking to achieve increased transparency and valuation based on each participating nation’s gold holdings.
The composition of the currency basket was also based on limited information from the UNT currency system white paper. Additionally, assumptions were made about the capabilities of digital platforms for exchanging UNT-based currencies.
The results from the calculations were impressive, even with the assumptions. The numbers and formulations were derived from the available data from BRICS and Russian government sources, resulting in fascinating insights.
In this segment, the discussion highlights the current members of the BRICS Plus alliance, which now includes ten countries: China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. Argentina, initially invited, rescinded its invitation.
Additionally, Iraq and Vietnam were mentioned but not included in the main analysis. Further detail on the IQD and VND exchange rates against a pure fiat currency (such as the USD, EUR, etc.) will be presented in a future episode of the Endgame GCR Podcast.
We present the latest gold reserves per country based on data from the International Gold Council and other sources. They acknowledge that China and Russia likely possess more gold than officially reported, as they are the largest gold producers globally.
For calculations, gold reserves are converted into grams. For instance, China has 2.262 billion grams of gold in reserves. The gold price per gram is also provided, with one gram of gold priced at 561 yuan in China and 6,765 rubles in Russia.
critical aspect discussed is the weighted average of each country’s share of gold. The total gold reserves for the BRICS countries amount to approximately 7.5 billion grams. Due to lack of data, Ethiopia’s gold reserves are not included.
China contributes 30% to the total gold reserves, while Russia contributes 31%, making them the largest contributors as seen in the chart below.
We then explain the formula for calculating the new gold-backed currency value, or purchasing power, based on the UNT system. The formula involves a 40% gold component and a 60% currency component.
Using China as an example, with a 30% share of the total gold reserves and the gold price of 561 yuan per gram, the calculation proceeds as follows:
Calculate 40% of the gold component: 40% of 561 equals 224.4.
Multiply the 30% share by the gold price: 30% of 561 equals 168.3.
Take 40% of this value: 40% of 168.3 equals 67.32.
For the currency component, calculate 60% of the gold price:
60% of 561 equals 336.6.
these components gives the value of one UNT in yuan:
67.32 plus 336.6 equals 403.92, approximately 404 yuan per UNT.
Additionally, this translates to the gold value, where one UNT-based Yuan equals the equivalent value of 0.72 grams of gold.
These calculations are applied to other BRICS countries, providing a comparative understanding of how the UNT system will function. This detailed explanation aims to ensure transparency and accuracy, utilizing tangible data to the best of the our abilities.
In the final part of the discussion, we address the practical implications of the new gold-backed UNT system for international trade among BRICS Plus countries. They focus on how these countries will engage in trade without relying on fiat currencies or converting into U.S. dollars.
The BRICS Plus alliance includes China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. As these countries transition to the gold-backed UNT system, they will no longer use fiat currencies for transactions.
For example, if China buys oil from Russia, they will use the UNT system rather than converting currencies to U.S. dollars.
The new currency exchange rates under the UNT system are explained using specific examples. One UNT equals 404 yuan, and one UNT equals 4,900 rubles.
This establishes a new currency pairing system for trade. The exchange rate between the yuan and ruble under the gold-backed system indicates that one gold-backed yuan is slightly less than one gold-backed ruble because Russia’s gold holdings are slightly larger than China’s.
The chart shows various currency pairings, highlighting near-parity among them. For instance, the ruble to yuan exchange rate is 1.005, while the yuan to Indian rupee exchange rate is 1.19.
This near-parity across all participating currencies is significant, as it means that countries can trade almost one-to-one using the UNT system, which contrasts sharply with current disparities in fiat currency values.
A striking comparison is made between the IQD (Iraqi dinar) and the yuan. Currently, the IQD is valued at 1,310 to one U.S. dollar, and the yuan at 7.2 to one U.S. dollar.
Under the UNT system, these currencies achieve near-parity, with the IQD and yuan exchange rate around 0.84 to 1.16.
This parity provides a more balanced and equitable cross-border trading environment.
The discussion also touches on the potential implications for global trade if BRICS countries engage with fiat currency-based economies like the U.S. or Europe.
The cost of using U.S. dollars for trade would be significantly higher compared to using the UNT system. This highlights the competitive advantage and cost-effectiveness of the gold-backed system for international transactions.
We emphasize that the UNT system will create purchasing power parity (PPP) between countries, leading to a more level playing field. This system could potentially reduce the wage disparity between workers in different countries by establishing more equal currency values.
In the conclusion of this podcast episode, we reflect on the broader implications of the UNT system for global finance. We discuss the potential for increased purchasing power and liquidity within the system, driven by the inherent arbitrage opportunities.
The transition to a decentralized, blockchain-based financial system is anticipated to enhance the efficiency and fairness of international trade, aligning with the goals of the global currency reset (GCR).
The podcast underscores the profoundly transformative potential of the gold-backed UNT system, highlighting its ability to establish a more equitable and balanced global economic landscape.
