How FED’s New Bully Tactics Are Blocking Iraq from Joining BRICS

How FED’s New Bully Tactics Are Blocking Iraq from Joining BRICS

On July 28, 2024  By Awake-In-3D

Big Banksters increase their stranglehold on Iraq to block participation in the new gold-backed UNIT currency system.

The Banksters at the U.S. Federal Reserve have intensified their bullying tactics against Iraq.

In This Article

1. The U.S. Federal Reserve’s New Approach

2. Potential Impact on the Iraqi Banking System

3. The Federal Reserve’s Three Pillars of Strategy

4. Consequences for the Iraqi Government and Economy

This escalation seems driven by a clear motive: the FED will not stand idly by and allow Iraq to join the BRICS alliance or participate in the new gold-backed UNIT currency system.

This aggressive stance threatens Iraq’s financial stability and sovereignty, pushing the country towards an economic crisis.

The Iraqi government now faces a pivotal moment. It must rise to the challenge and stand up to the FED’s coercive measures to protect its economy and pursue its independent financial path.

The U.S. Federal Reserve has adopted a new, stricter policy toward Iraq, potentially creating an increase the dollar’s value against the dinar.

Economic researcher Ziad Al-Hashimi warns this shift will place significant pressure on Iraq’s banking system and economy.

Iraq officially expressed interest in joining BRICS in November 2023. The Iraqi Prime Minister, Mohammed Shia Al-Sudani, during a meeting with representatives of the Iraqi community in Russia. Photo: PMO

The U.S. Federal Reserve’s New Approach

Al-Hashimi reveals that the U.S. Federal Reserve’s latest strategy aims to curb any attempts by Iraq to stabilize its economy without adhering to Federal regulations.

The move is seen as a response to Iraq’s potential alignment with the BRICS alliance and participation in the new gold-backed UNIT currency system.

The Banksters at the US Federal Reserve have escalated their tactics, not wanting Iraq to break free from their influence.

Potential Impact on the Iraqi Banking System

The new strategy involves continued sanctions on certain Iraqi banks, ensuring these institutions remain banned from dollar transactions.

The Iraqi Stock Exchange Building

This action threatens the stability of Iraq’s banking system, limiting its ability to function efficiently and putting additional strain on the national economy. The FED’s bullying tactics aim to prevent Iraq from gaining financial independence and participating in the BRICS alliance.

The Federal Reserve’s Three Pillars of Strategy

The Federal Reserve’s strategy consists of three main pillars:

• Continuation of Sanctions: Previous sanctions on specific banks will remain, indefinitely banning them from dollar trading.

• Closure of Non-compliant Banks: Banks violating federal regulations regarding money laundering and dollar smuggling will face closure.

• Exclusion of Government Intervention: The Iraqi government will be prevented from intervening in dollar-related matters, leaving this responsibility solely to the Central Bank of Iraq.

This strategy aims to tighten control over Iraq’s financial dealings and mitigate political influences from the Iraqi government.

The FED’s actions are a clear attempt to ensure Iraq does not join the BRICS alliance or adopt the gold-backed UNIT currency system.

Consequences for the Iraqi Government and Economy

The Federal Reserve’s new approach places the Central Bank of Iraq in a precarious position, as it struggles to balance internal pressures with the need to comply with U.S. regulations.

This situation will lead to increased demand for the dollar, causing a devaluation of the Iraqi dinar.

The Iraqi government faces a critical decision: to comply with the Federal Reserve’s stringent measures or to challenge these tactics and seek alternative alliances, such as joining the BRICS and adopting the gold-backed UNIT currency system.

It’s time for the Iraqi government to stand up to the FED and assert its financial independence.

The Bottom Line

The U.S. Federal Reserve’s intensified approach toward Iraq threatens to destabilize the country’s economy.

With significant implications for the Iraqi dinar and the banking system, the Iraqi government must navigate these challenges carefully. Whether to stand up to the Federal Reserve or find a way to comply will shape Iraq’s economic future.

The Banksters at the US Federal Reserve will not easily allow Iraq to join the BRICS alliance, but the Iraqi government must take a stand for its sovereignty and economic well-being.

Contributing Source: https://burathanews.com/arabic/economic/448951

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Breaking Down the New BRICS Gold-backed Currency System in Detail

Breaking Down the New BRICS Gold-backed Currency System in Detail

On July 26, 2024 By Awake-In-3D

Learn about the construction, mechanics, benefits and real-world usage of this groundbreaking digital currency.

This is Part 2 of my article series exploring why the BRICS Gold-backed currency system is an inspiring model for our Global Currency Reset and Currency Revaluations (RV/GCR).

You can find Part 1 here: The BRICS UNIT: The Catalyst for a Revolutionary Global Currency Reset

It lays the foundation for the global adoption of gold and real assets to back sovereign currencies. The BRICS UNIT System’s greatest strength is its inclusiveness.

It’s not a closed, exclusive financial system meant only for BRICS Member Nations; it’s open to any country, BRICS Alliance Member or not. It even accommodates nations that continue to use a pure fiat currency system.

This flexibility to create exchange rate pairs between UNIT and fiat currencies opens exciting opportunities for our RV Currency Exchange.

In This Article

• The Construction of the BRICS UNIT

• Operational Mechanics of the UNIT

• Who Will Use the UNIT

• Real-World Applications of the UNIT

• Benefits for International Business and Trade

• Key Dates in the UNIT Rollout

The BRICS nations are on the brink of a financial revolution with the introduction of the UNIT, a gold-backed digital currency set to transform global transactions.

This comprehensive guide breaks down how the UNIT is built, its operational mechanics, user base, practical applications, benefits, and key milestones in its rollout.

The Construction of the BRICS UNIT

The UNIT is being intricately crafted as a gold-anchored, blockchain-enabled digital asset. Each UNIT is minted when participants deposit a mix of gold and BRICS currencies at designated blockchain nodes, ensuring intrinsic value.

This innovative design blends the stability of gold with the transparency and security of blockchain technology.

Legally anchored in the Budapest Convention, the UNIT ecosystem promises robust international legitimacy.

Drawing on advanced crypto-blockchain concepts from platforms like Ethereum and Bitcoin, the UNIT stands out with its unique focus on tangible value and economic stability.

Operational Mechanics of the UNIT

At the heart of the UNIT is a decentralized blockchain system that guarantees security and transparency. Nodes within this system independently mint UNITs by receiving deposits of gold and BRICS currencies, adhering to a standardized rule book to maintain integrity and trust.

Transaction costs within the UNIT ecosystem are expected to be significantly lower than those of traditional banking systems. This cost-efficiency, combined with the inherent stability of a gold-backed asset, positions the UNIT as a superior alternative for global transactions.

Who Will Use the UNIT

The UNIT is designed for a diverse user base, encompassing nations, businesses, and consumers. BRICS countries can utilize the UNIT for international trade, minimizing reliance on traditional fiat currencies and fostering economic cooperation.

Businesses, especially those engaged in cross-border commerce, will benefit from reduced fees and heightened security.

Consumers will also see value in using the UNIT for purchasing goods and services worldwide. The currency’s stability, underpinned by gold, offers a reliable and secure option compared to more volatile cryptocurrencies.

Real-World Applications of the UNIT

In practical terms, the UNIT is set to revolutionize international trade and finance. BRICS nations can leverage the UNIT to conduct bilateral trade, significantly lowering transaction costs and enhancing economic partnerships.

ALSO READ: GCR Progress: Russia and Iran Planning Joint Gold-Backed Currency

Businesses can streamline their global transactions by using UNITs, circumventing traditional banking systems and avoiding cumbersome currency conversion fees.

For consumers, the UNIT provides a stable and cost-effective means to buy goods and services from international merchants, making global commerce more accessible and affordable.

Benefits for International Business and Trade

The UNIT offers substantial advantages for international business and trade. Its gold-backed nature ensures stability, mitigating risks associated with currency volatility.

The decentralized structure of the UNIT ecosystem promotes fairness and transparency, as no single country or central bank can exert control over the currency.

Participating countries enjoy monetary policy independence within the UNIT framework, allowing them to pursue their own economic agendas without the constraints of pegging their currencies.

This flexibility is particularly advantageous for countries with non-convertible currencies, enabling them to engage more freely in international trade.

Key Dates in the UNIT Rollout

The journey to launching the UNIT is marked by several pivotal dates:

• August 2023: BRICS summit in Johannesburg where finance ministers were tasked with developing the UNIT.

• June 2024: BRICS foreign ministers emphasized enhancing the use of local currencies, supporting the UNIT initiative.

• September 2024: Special meeting of the New Development Bank (NDB) in Shanghai to evaluate the UNIT proposal.

• October 22-24, 2024: BRICS leaders’ summit in Kazan, Russia, where final reports and decisions on the UNIT will be presented.

The Bottom Line

The BRICS UNIT represents a groundbreaking step forward in the evolution of digital currencies.

Combining the security of blockchain technology with the stability of gold, the UNIT is poised to become a powerful tool for international business and trade.

As we approach key milestones in its development, the global financial landscape is set for a transformative shift, promising exciting possibilities for fair, non-manipulated, and stable economies worldwide.

ALSO READ: Ready for Fiat System Collapse: Dutch Central Bank Admits Gold-Backed Currency Plan

Contributing Sources:

• https://m.canadianinsider.com/blog/will-brics-countries-come-together-one-unit-why-gold-and-gold-miners-may-win-multi-nodal-world#

• https://www.inkresearch.com/prelog/index.php

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How Zimbabwe is Leading Africa into a Gold-Backed Currency Reset

How Zimbabwe is Leading Africa into a Gold-Backed Currency Reset

On July 26, 2024 By Awake-In-3D

Zimbabwe’s now-official ZWG (aka the ZiG) currency is setting a new standard for stability and exchange rate value.

As African nations increasingly turn to gold to hedge against economic instability, Zimbabwe is leading the continent into a gold-backed currency future.

The Reserve Bank of Zimbabwe (RBZ) recently announced the certification of the Zimbabwe Gold (ZiG) with an international currency code (ZWG) by the World Bank, giving it a distinct identity among other nations’ official currencies.

The ZiG is a revolutionary currency backed by precious metals, mainly gold, and foreign currency with a cumulative value of about US$300 million.

ONE ZiG (ZWG) IS WORTH $13.44 USD TODAY!

Currently, there are ZiG1, ZiG2, ZiG5, ZiG10, and ZiG20 notes in circulation, with plans to introduce ZiG50, ZiG100, and ZiG200 notes in the near future. Minor units of the ZiG are known as cents, reflecting a familiar structure for ease of transactions.

Since its introduction at a rate of ZiG13.66 to the US dollar, the currency has shown remarkable stability, currently trading at ZiG13.44. There are about US$80 million worth of ZiG in circulation.

This stability is a stark contrast to the volatility that plagued previous iterations of the Zimbabwean dollar for the past several decades.

In This Article

1. Zimbabwe’s Gold-Backed Currency Initiative

2. Other African Nations Following Suit

3. Economic Implications for the Continent

4. The IMF’s Positive Perspective on Gold-Backed Currencies

Zimbabwe has emerged as a pioneer in a significant shift towards gold-backed currencies across the African continent.

As economic instability and currency depreciation arise, African nations increasingly look to gold to safeguard their financial futures.

Zimbabwe’s Gold-Backed Currency Initiative

Zimbabwe’s introduction of the Zimbabwe Gold (ZiG) currency marks a groundbreaking move in Africa’s economic landscape.

The new currency, backed primarily by gold and other forex reserves, replaces the beleaguered Zimbabwean dollar. Since its launch in April, the ZiG has aimed to stabilize the nation’s economy and restore confidence in its financial system.

David Mnangagwa, Zimbabwe’s Deputy Minister of Finance, Economic Development, and Investment Promotion, emphasized the importance of controlled money supply to maintain the currency’s value. This approach addresses past issues of hyperinflation and rapid devaluation.

ALSO READ: Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround

The government’s strategy to “drip-feed” the ZWG into the market is designed to preserve the currency’s value, ensuring long-term stability and economic growth.

The International Monetary Fund (IMF) has also recognized the positive strides made by Zimbabwe. According to an IMF review, Zimbabwe’s economy is showing resilience, with growth expected to recover strongly in 2025.

The introduction of the ZiG has played a pivotal role in ending a period of macroeconomic instability, and the IMF commends Zimbabwe’s improved monetary policy discipline and efforts to stabilize the new currency.

Other African Nations Following Suit

Inspired by Zimbabwe’s initiative, several African countries are taking similar steps to secure their economic stability through gold-backed currencies.

Nigeria, Uganda, Tanzania, and Madagascar have all announced plans to bolster their gold reserves and, in some cases, back their currencies with gold.

Nigeria’s central bank has initiated a domestic gold-buying program and plans to repatriate its existing gold reserves. This move aims to mitigate risks associated with the weakening U.S. economy and the volatility of the U.S. dollar.

Similarly, Uganda and Tanzania have launched gold acquisition strategies to strengthen their financial reserves and reduce dependency on foreign currencies.

Tanzania announced a significant investment of $400 million to purchase six tons of gold, reflecting a strong commitment to securing its economic future.

ALSO READ: The Gold-backed Zimbabwe ZiG and Our RV/GCR – What You Need to Know

Uganda’s central bank introduced a domestic gold-buying program to purchase gold directly from local artisanal miners, aiming to address risks in the international financial markets.

Economic Implications for the African Continent

The shift towards gold-backed currencies represents a significant financial development for African economies.

By leveraging gold, countries aim to protect themselves against geopolitical risks and currency depreciation. This strategy also addresses the concerns over America’s economic policies and the potential weaponization of the U.S. dollar.

Analysts highlight that adding gold to national reserves allows countries to grow their reserve assets without sacrificing other hard-currency reserves. This approach is particularly pertinent for nations facing economic sanctions or anticipating a decline in the U.S. dollar’s value.

The strategic accumulation of gold reserves can bolster economic resilience and foster long-term stability across the continent.

The IMF’s Positive Perspective on Gold-Backed Currencies

The global financial community is closely monitoring Africa’s transition to gold-backed currencies.

Experts from institutions like the IMF recognize the potential benefits but also caution about the challenges. Sustained economic stability and disciplined monetary policies are crucial for the success of these initiatives.

The IMF’s positive assessment of Zimbabwe’s economic policies is a testament to the potential success of gold-backed currencies. The institution’s recommendations for further refinements to the policy framework highlight the importance of continuous improvement and adaptation. Zimbabwe’s pioneering move sets a precedent, encouraging other African nations to consider similar measures.

ALSO READ: Zimbabwe to Establish New Gold-Backed Currency Exchange Rate Value

The Bottom Line

Zimbabwe’s bold step towards a gold-backed currency is reshaping the financial landscape in Africa.

As more nations follow suit, the continent is positioning itself to mitigate economic risks and enhance financial stability. This trend underscores a broader move towards leveraging gold as a safeguard against global economic uncertainties, potentially setting a new standard for currency stability in the 21st century.

With the positive momentum from IMF reviews and the collective efforts of African nations, the future looks promising for a continent embracing economic resilience through gold.

Contributing Articles: 

• https://www.moneymetals.com/news/2024/07/25/african-countries-are-turning-to-gold-003338

• https://www.newsday.co.zw/business/article/200029032/minister-confirms-structure-to-drip-feed-zwg-into-economy

• https://www.imf.org/en/News/Articles/2024/06/27/pr-24248-zimbabwe-imf-staff-completes-2024-article-iv-mission

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The BRICS UNIT: The Catalyst for a Revolutionary Global Currency Reset

The BRICS UNIT: The Catalyst for a Revolutionary Global Currency Reset

On July 25, 2024 By Awake-In-3D

WHY, HOW and WHEN the BRICS UNIT leads us to a groundbreaking gold-backed currency reset worldwide.

The new BRICS UNIT is getting a lot of attention these days. Over my 14+ years of being involved in the Global Currency Reset (GCR), the subject has never been more front and center on the world stage than today.

In This Article

• Understanding the UNIT Currency Initiative

• Timeline of the BRICS Summit

• Composition and Backing of the UNIT Currency

• Benefits for Precious Metals Miners

Keep Watching

Visitors enjoy awesome spectacle of Rome's Colosseum at night00:00/01:01

I have been reporting extensively about the new BRICS Gold-backed Financial System, and for good reason. I now believe that the UNIT System is the definitive model for the GCR and the subsequent revaluation (RV) of global currencies.

I am committed to continuing my in-depth reporting and analysis of the BRICS UNIT System here at GCR Real-Time News. This platform will remain the most comprehensive source of real-world, fact-based RV/GCR news and opinion for my readers worldwide.

While the BRICS UNIT System may not be the final iteration or event of the RV/GCR, it is undoubtedly the catalyst that will offer a completely new currency and cross-border payment/settlement system alternative to the global fiat currency debt system.

It is a model that will initiate the eventual global adoption of gold and real assets to back sovereign currencies.

What makes the BRICS UNIT System so compelling is its openness. It is not a closed, inclusive financial system designed only for BRICS Member Nations. It is open to any country, whether a BRICS Alliance Member or not.

It will even work with nations that remain on a pure fiat currency system. This ability to create exchange rate pairs between UNIT and Fiat based currencies is where our RV Currency Exchange opportunities will be realized.

It is expected that the Western G-7 Alliance will resist transitioning to a gold and real asset-based currency system until the last days before the global, US dollar-dominated fiat financial debt system completely implodes and freezes into its inevitable death.

This article is the first of a comprehensive four-part series on the BRICS Gold-backed UNIT Currency System.

Here in Part 1, I will explain the basic foundation and composition of the BRICS Gold-backed UNIT Currency so that you may gain a fundamental understanding of this revolutionary alternative financial system that will change the face of the global monetary system forever.

The UNIT is a significant catalyst for a global currency revaluation (RV), offering a transparent alternative to the fiat currency debt system.

The UNIT system, open to all nations, aims to back sovereign currencies with gold and real assets.

The upcoming BRICS Summit will be pivotal in its adoption, marking a significant shift towards a stable, efficient global monetary framework.

BRICS UNIT Currency Initiative

The BRICS nations are working to enhance economic cooperation by promoting local currencies in international trade.

A key proposal is the UNIT, a gold-backed digital asset operating on a blockchain platform. This initiative aims to provide a stable and reliable medium of exchange, leveraging gold’s intrinsic value and blockchain technology’s efficiency.

ALSO READ: Can the VND and IQD Reach 1 to 1 Exchange Rates in the BRICS Gold-Backed Currency System? Yes They Can!

BRICS Summit Timeline

A critical decision regarding the UNIT currency will be made at the upcoming BRICS Summit, scheduled for October 22 to 24, 2024, in Kazan, Russia.

The summit will bring together BRICS leaders to discuss the strategic direction and operational aspects of the UNIT, potentially setting the stage for its adoption.

Composition and Backing of the BRICS UNIT

The UNIT currency will be uniquely structured to ensure stability and value. Each UNIT will be backed by a reserve basket composed of 40% gold, with the remaining 60% consisting of participating BRICS currencies, all convertible into gold.

No single currency will have a weight greater than 30% in gold terms, ensuring a balanced and diversified reserve. This structure aims to mitigate risks and enhance confidence in the UNIT currency.

LISTEN TO THE “ENDGAME GCR” PODCAST: Gold-Backed Currency Exchange Rates Revealed

Potential Winners from BRICS UNIT Gold Demand

The adoption of the UNIT currency is anticipated to have significant economic implications, particularly benefiting precious metals miners.

Companies listed on the Australian and Canadian stock exchanges, major players in the global precious metals mining industry, stand to gain from the increased demand for gold that the UNIT currency would generate.

UNIT Ecosystem Design

The UNIT currency will be created through a blockchain-based node system.

Participants will mint UNITs by depositing corresponding values of gold and BRICS currencies at these nodes. The ecosystem will rely on decentralized blockchain-based synchronization for integrity, ensuring transparent and secure transactions.

The UNIT is not intended to replace local currencies in domestic transactions but will function alongside them, providing an additional medium for international trade and financial operations.

Transaction Costs

One key advantage of the UNIT currency system is its potential to reduce transaction costs.

Processing fees for transactions on the UNIT blockchain are expected to be lower than those associated with traditional payment systems, such as bank wires.

This cost-efficiency could make the UNIT an attractive option for businesses and financial institutions engaged in cross-border transactions.

Governance and Rules

The UNIT ecosystem’s governance will be structured around a Decentralized Autonomous Organization (DAO), supported by a legally recognized international intergovernmental organization (IIO).

Decisions within the IIO will be made through super-majority votes by nodes, ensuring a democratic and transparent governance process.

Currency Eligibility for UNIT

To be eligible for inclusion in the reserve basket backing the UNIT, a currency must have price discovery in gold terms.

This requirement ensures the value of the currencies in the reserve is transparent and reliable. Notably, UNITs will not be redeemable for the underlying reserves directly.

Redemption will only be possible through a buyout procedure conducted by a node, maintaining the reserve system’s stability and integrity.

The Bottom Line

The proposed UNIT currency represents a significant innovation in international finance, combining gold’s stability with blockchain technology’s efficiency. The upcoming BRICS Summit will be a pivotal moment in determining this initiative’s future, with the potential to reshape global trade and financial transactions.

This four-part series will continue to explore the intricacies and implications of the BRICS gold-backed UNIT currency system, offering a comprehensive understanding of this groundbreaking development in global finance.

The BRICS UNIT system is not a closed financial system but is open to any country, including those outside the BRICS alliance and those operating on a fiat currency system.

This inclusivity could lead to opportunities for RV currency exchanges. The Western G-7 Alliance might resist transitioning to a gold and real asset-backed currency system until it becomes unavoidable.

However, the BRICS UNIT system is poised to be a catalyst, initiating the global adoption of gold and real assets to back sovereign currencies.

Supporting article: https://m.canadianinsider.com/blog/will-brics-countries-come-together-one-unit-why-gold-and-gold-miners-may-win-multi-nodal-world#

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The Difference Between Currencies and Bonds in the GCR

The Difference Between Currencies and Bonds in the GCR

On July 24, 2024 By Awake-In-3D

In RV/GCR

A straightforward explanation of how gold-backed currencies and bonds differ and how they will be transacted in the Global Currency Reset (GCR)

In This Article

• General Definitions and Functions of Currencies and Bonds

• Key Differences Between Bearer Bonds and Registered Bonds

• How Transactions Will Work in the GCR

The Global Currency Reset (GCR) represents a significant shift. This reset involves the revaluation of currencies and bonds backed by gold. Understanding the distinctions between gold-backed currencies and bonds, particularly in the context of the GCR can be helpful in the broader landscape of things.

This article aims to provide a clear and simple explanation of these differences, including the unique characteristics of Bearer Bonds and Registered Bonds, and how transactions will be handled.

General Definitions and Functions of Currencies and Bonds

Currencies are are considered legal tender issued by a country’s central bank or government, with their value tied to a specific weight of gold.

These currencies act as a medium of exchange, facilitating everyday transactions.

Bonds are financial instruments representing a loan made by a person or entity to a borrower, which can be a government, municipality, or entity.

Bonds are used to raise capital and provide periodic interest payments to bondholders. Unlike currencies, bonds return the principal amount at maturity.

Key Differences Between Bearer Bonds and Registered Bonds

To the best of my knowledge, all GCR bonds are Perpetual Bearer Bonds, which have distinct characteristics compared to Registered Bonds:

Bearer Bonds: Bearer Bonds are unregistered, meaning ownership is transferred by simply delivering the physical bond certificate. They offer anonymity to the bondholder but carry a higher risk of theft or loss since possession equates to ownership. Perpetual bonds do not have specified maturity dates.

However, to the best of my knowledge, all GCR bonds do require adequate provenance (history of ownership) that show that the bonds were not implicated in any criminal activity.

Registered Bonds: Registered Bonds are recorded in the name of the bondholder. Ownership is transferred through a formal registration process. They provide greater security against theft or loss but do not offer the same level of anonymity.

Key Differences Between Gold-backed Currencies and Bonds

While both currencies and bonds will be linked to various weights of gold in the GCR, their purposes, issuers, and returns, differ significantly:

Purpose: Currencies are used for everyday transactions, whereas bonds are investment vehicles that appreciate over time.

Issuer: Currencies are issued by governments or central banks. Bonds can be issued by governments, municipalities, and other entities.

Return: Currencies do not provide a return in the form of interest unless held in interest-bearing accounts. Bonds, however, generally provide interest income over time.

How Transactions Will Work in the GCR

In the GCR, gold-backed currencies will be exchanged similarly to traditional currencies, only there will likely be a digital (blockchain) component and/or process involved. [More on the decentralized ledger and payment system in future articles.]

Conversely, bonds will be redeemed rather than exchanged. This means bondholders will receive appreciated rates and the principal amount at maturity, rather than using bonds for everyday transactions.

ALSO READ: Trading Platforms for RV/GCR Bonds and Currencies Explained

In the case of ZIM perpetual bonds, the principle value will come from its gold-backed component along with accrued, underlying interest appreciation. No one really knows what that appreciation factor is.

Since most GCR bonds are Perpetual Bearer Bonds, the transaction process involves the physical delivery of the notes to transfer ownership at the time of transaction.

DISCLAIMER: This article is for educational and entertainment purposes only and does not constitute financial advice. I am not a certified financial or investment advisor. Always seek professional guidance before making financial decisions.

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Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained

Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained

On July 23, 2024 By Awake-In-3D

A written summary and follow up of the new BRICS Gold-Backed UNIT currency system and exchange rate pair valuations

This is a written summary of the Endgame GCR Episode 2 Podcast with Marie G. and Awake-In-3D.

Episode 2 focuses on the BRICS currency model, particularly the gold-backed UNIT 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.

A 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:

1. Calculate 40% of the gold component: 40% of 561 equals 224.4.

2. Multiply the 30% share by the gold price: 30% of 561 equals 168.3.

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.

Adding 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.

Read the official BRICS UNIT (UNT) Q&A here:

Click to access unit_faq.pdf

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The Rise of the Shanghai Cooperation Organization: A New Geopolitical and Military Force

The Rise of the Shanghai Cooperation Organization: A New Geopolitical and Military Force

On July 20, 2024 By Awake-In-3D

The SCO is reshaping global geopolitics and will independently protect the new GOLD-BACKED Currency and Financial System

In This Article:

• Introduction to the SCO’s growing influence

• The recent SCO summit in Astana and Western media’s oversight

• BRICS’ new financial system and the SCO’s role in securing it

• The future of Eurasian alliances and the concept of Rimland

The geopolitical landscape is undergoing a significant transformation with the rise of the Shanghai Cooperation Organization (SCO).

Formed initially to combat terrorism and extremism, the SCO has evolved into a formidable economic and geopolitical entity. Its growing influence, alongside BRICS+, signals a shift that Western alliances like NATO and the G7 must acknowledge and adapt to.

Understanding the Shanghai Cooperation Organization Transformation

The Shanghai Cooperation Organization was established just months before the events of 9/11.

Initially known as the Shanghai Five, it included Russia, China, and three Central Asian states. Its primary focus was anti-terrorism, anti-separatism, and anti-extremism. Over the years, the SCO has expanded its scope, now including major Eurasian nations such as India, Pakistan, and Iran, making it a significant player on the global stage.

The recent SCO summit in Astana, Kazakhstan, highlighted this transformation. Despite the event’s importance, Western media largely overlooked it.

This lack of coverage reflects a broader misunderstanding of the SCO’s growing geopolitical influence. The summit underscored the SCO’s role as a key node in a multipolar world, interconnected with various global players.

BRICS’ New Financial System and the SCO’s Role

One of the most significant developments in global finance is BRICS’ move towards a new financial system based on gold-backed currencies.

This initiative aims to create an alternative to the Western-controlled economic mechanisms, providing stability and reducing dependence on the US dollar. However, establishing such a system requires robust geopolitical and military support to ensure its security and legality.

Enter the SCO. With its expanding membership and strategic influence, the SCO is poised to play a crucial role in protecting the integrity of BRICS’ new financial system. The collaboration between these two organizations could ensure the enforcement of economic agreements, protect member states from external threats, and maintain the stability of the new financial system.

The presence of powerful nations like Russia, China, India, and Iran within the SCO enhances its capability to support BRICS in this endeavor.

Potential Impacts on NATO and U.S. Geopolitical Strategies

The strategic significance of Europe and the Mediterranean remains crucial. However, the rise of the SCO and BRICS+ poses a challenge to Western dominance.

If the U.S. and NATO do not recognize and adapt to these shifting alliances, they risk losing influence over Eurasia and the Rimland.

The Rimland, a geopolitical concept introduced by American political scientist Nicholas Spykman, refers to the coastal fringes of Eurasia. This region is strategically vital, serving as a buffer zone between the central Heartland of Eurasia and the world’s oceans.

Controlling the Rimland is essential for global dominance, providing access to crucial maritime routes and Eurasia’s vast resources and markets.

The Future of Eurasian Alliances

The potential unification of the SCO and BRICS+ into a more strategic and possibly military organization could further diminish Western hegemony.

The increasing cooperation among these entities suggests a move towards a unified Eurasian geopolitical landscape. Such a development could redefine global power dynamics, with significant implications for the West.

The SCO’s evolution from an anti-terrorism organization to a geopolitical force underscores the importance of understanding and engaging with emerging multipolar structures. As the SCO and BRICS+ continue to grow, their influence will shape the future of global geopolitics, challenging traditional Western dominance.

The Bottom Line

The Shanghai Cooperation Organization is rapidly becoming a geopolitical force to be reckoned with.

Its growing influence, alongside BRICS+, highlights the need for the U.S. and NATO to recognize and adapt to the shifting global landscape. The recent SCO summit in Astana underscores the organization’s strategic importance in reshaping global geopolitics.

As Eurasian alliances strengthen, the concept of Rimland and its strategic significance will play a crucial role in determining the future of global power dynamics. With BRICS forming a new financial system based on gold-backed currencies, the SCO’s role in securing this system becomes paramount.

The potential unification of the SCO and BRICS+ poses a significant challenge to Western hegemony, signaling the rise of a new, multipolar world order.

Supporting Article: https://strategic-culture.su/news/2024/07/18/the-sco-can-change-the-rules-of-rimland/

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Awake-In-3D: New Podcast: Gold-Backed Currency Exchange Rates Revealed

New Podcast: Gold-Backed Currency Exchange Rates Revealed

On July 21, 2024 By Awake-In-3D

In Podcasts

In this unique episode of the Endgame GCR Podcast, Marie G and I break down the details of the new gold-backed financial and currency system soon to be unleashed on the world.

We also discover a very exciting result that fulfills one of the primary goals of the RV/GCR.

https://ai3d.blog/new-podcast-gold-backed-currency-exchange-rates-revealed/

Gold Standard Returns: Iraq and Neighbors Prepare to Abandon The Dollar Fiat Currency System

Gold Standard Returns: Iraq and Neighbors Prepare to Abandon The Dollar Fiat Currency System

On July 17, 2024  By Awake-In-3D

The secret plans of Iraq and neighboring countries to fortify their economies with gold reserves and join the New BRICS gold/oil backed currency system.

Iraq and its neighboring Middle Eastern nations are accelerating their gold accumulation at an unprecedented pace. This strategic move signals a clear intent to shield their economies from the potential collapse of the dollar-dominated fiat currency system.

Moreover, the Middle East is strengthening its ties with the BRICS Alliance, distancing itself from the G-7 Western bloc. This alignment suggests that countries like Iraq are preparing to actively engage in a new BRICS gold-backed financial system and the UNT gold and oil-backed currency unit for international trade.

Such developments would lead to a significant revaluation (RV) of their currencies against dominant global fiat currencies like the US Dollar and Euro, signalling the beginning of the Global Currency Reset (GCR).

In This Article

• Iraq’s Significant Increase in Gold Reserves

• Middle Eastern Nations’ Collective Gold Holdings

• Strategic Alliances with BRICS Over G-7

• Implications for Global Currency Exchange Rates

Iraq and its neighboring Middle Eastern nations are rapidly accumulating gold reserves, positioning themselves strategically against the backdrop of a collapsing global fiat currency system.

This trend highlights a shift towards bolstering financial security through tangible assets, diverging from a reliance on dollar-dominated fiat currencies.

Iraq’s Significant Increase in Gold Reserves

Iraq has significantly increased its gold reserves, reaching 142.58 tonnes in the first quarter of 2024, up from 138.44 tonnes in the previous quarter.

This marks a historical high for Iraq, reflecting a strategic effort by the Central Bank of Iraq to diversify its foreign assets amid ongoing economic uncertainty.

Historically, Iraq’s gold reserves have averaged 46.32 tonnes from 2000 to 2024, with a record low of zero tonnes in 2000. The Central Bank’s strategy includes purchasing small quantities of gold over multiple transactions, ensuring a steady accumulation aligned with market conditions.

Middle Eastern Nations’ Collective Gold Holdings

The World Gold Council’s latest data for May reveals that five Arab countries, including Iraq, collectively possess over 1,000 tonnes of gold reserves.

Saudi Arabia leads the pack, followed by Lebanon, Algeria, Libya, and Iraq. This significant accumulation underscores the importance of gold as a key investment for central banks in the region amid ongoing geopolitical and economic uncertainties.

The focus on gold reserves by these nations highlights a regional trend of leveraging gold as a hedge against the obvious implosion of fiat currencies and the mathematically unsustainable global debt they create.

Strategic Alliances with BRICS Over G-7

Intriguingly, Middle Eastern countries, including Iraq, are strengthening ties with the BRICS Alliance rather than the G-7 Western Alliance. This alignment suggests a strategic pivot towards a gold-backed financial system being developed by BRICS.

The potential participation of Middle Eastern nations in the new BRICS gold-backed financial system and the UNT gold and oil-backed currency unit for international trade represents a significant shift in global economic alliances.

This move could herald a new era of financial stability and independence for these nations, reducing their vulnerability to the volatility of fiat currencies.

Implications for Global Currency Exchange Rates

The accelerated gold accumulation by Iraq and other Middle Eastern nations sets the stage for a significant currency exchange rate revaluation (RV) against dominant global fiat currencies such as the US Dollar and Euro.

As these nations prepare to participate in a gold-backed financial system, the traditional dominance of fiat currencies could be challenged. This shift could lead to more stable and resilient economies in the Middle East, fostering greater economic security and sovereignty.

The Bottom Line

Iraq and its Middle Eastern neighbors are strategically accumulating gold reserves, positioning themselves for a future less dependent on fiat currencies and more aligned with gold-backed financial systems.

This trend highlights a significant shift in global economic dynamics, with potential implications for currency valuations and international trade. As these nations strengthen their alliances with the BRICS Alliance, the global financial landscape will witness a significant financial system shift, ringing in a new era of economic stability and independence for humanity.

Supporting Articles:

• https://www.mining-technology.com/news/iraq-central-bank-increases-gold-reserves/

• https://tradingeconomics.com/iraq/gold-reserves

• https://shafaq.com/en/Economy/Five-countries-including-Iraq-own-over-1000-tons-of-gold#:~:text=%22Iraq%20has%20maintained%20its%2030th,%25%20of%20the%20total%20reserves.%22

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Gold is Smashing New Records as Fiat Currency System Dies

Gold is Smashing New Records as Fiat Currency System Dies

On July 16, 2024 By Awake-In-3D

As traditional currencies falter, gold emerges as the new foundation of a global financial reset.

The ongoing instability in the fiat currency financial debt system, marked by increasing debt and economic volatility, is propelling it towards an inevitable implosion and crash.

In this context, the financial world is gradually recognizing the necessity of transitioning to an alternative system, which is expected to be a hybrid gold-backed currency structure. This shift is driven by a combination of factors, including persistent inflation, geopolitical tensions, and diminishing trust in fiat currencies.

As gold’s value reaches historic highs against the US Dollar, it becomes clear that the global economy is pivoting towards a new foundation.

The rise in gold prices signals a broader awakening to the limitations of fiat currencies, positioning gold as the cornerstone of the forthcoming Global Currency Reset (GCR) and Revaluation of Currencies (RV).

This transformation underscores the growing consensus that gold will play a pivotal role in the future monetary system, offering stability and reliability in an increasingly uncertain financial landscape.

In This Article

• Overview of Recent Gold Price Surge

• Analysis of Factors Driving Gold’s Rise

• The Decline of Fiat Currencies

• Predictions for Gold in the Global Currency Reset

Gold prices have reached record highs, driven by a combination of economic uncertainty and shifting market dynamics. As traditional fiat currencies face increasing skepticism, gold’s role as a stable financial asset is becoming more prominent.

Recent Surge in Gold Prices

Gold prices soared today, hitting new record highs.

This rise was fueled by growing expectations of U.S. interest rate cuts, which have weakened the dollar and increased gold’s appeal as an investment. The August gold contract on Comex climbed to $2,467.80 an ounce, surpassing previous records.

This trend reflects a broader shift in investor sentiment as traditional financial systems face mounting pressures.

Factors Driving Gold’s Rise

Several factors contribute to the recent surge in gold prices.

Key among these is the anticipated interest rate cuts by the Federal Reserve, which have led to a decline in Treasury yields and the dollar’s value. Lower interest rates diminish the returns on fixed-income assets, making gold, which does not yield interest, more attractive.

Economic data showing weaker performance and declining inflation has further pressured bond yields. As Fawad Razaqzada, a market analyst at City Index, notes, “The weakness in economic data and falling inflationary pressures boost the appeal of low- and zero-yielding assets, thereby keeping the gold outlook positive.”

The Decline of Fiat Currencies

The rising value of gold also highlights a growing disenchantment with fiat currencies.

The current fiat currency financial system, burdened by increasing debt and economic instability, appears to be nearing a critical breaking point.

This sentiment is echoed by Edmund Moy, a senior IRA strategist at U.S. Money Reserve, who points out that political uncertainty and economic underperformance in major economies like China are driving investors toward gold. “Rising gold demand and limited gold supply usually equals higher gold prices,” Moy says, emphasizing gold’s enduring appeal as a safe-haven asset.

Predictions for Gold in the Global Currency Reset

Looking ahead, the potential for a Global Currency Reset (GCR) and the Revaluation of Currencies (RV) positions gold at the center of a new financial paradigm.

As fiat currencies falter, a hybrid gold-backed currency system is emerging as a viable alternative. Ryan McIntyre of Sprott predicts a new wave of demand for gold from financial advisers and institutions, driven by increasing instability in traditional financial and monetary markets.

This optimistic outlook is based on the expectation of eventual interest rate cuts, geopolitical instability, and continued demand from central banks.

The Bottom Line

Gold’s unprecedented rise underscores a pivotal moment in the global financial landscape.

As fiat currencies show signs of distress, gold is being recognized as a stable and reliable asset. This shift is not just a temporary trend but signals a potential transformation towards a gold-backed currency system.

Investors and financial institutions are increasingly turning to gold, anticipating its critical role in the forthcoming Global Currency Reset and Revaluation of Currencies.

Contributing Articles:

• https://www.marketwatch.com/story/why-gold-prices-look-to-smash-more-records-9eba107f

• https://www.reuters.com/markets/commodities/gold-firms-us-rate-cut-optimism-boosts-appeal-2024-07-16/

• https://www.cbsnews.com/news/how-high-will-the-price-of-gold-go-heres-what-some-experts-think/

• https://www.cbsnews.com/news/gold-prices-have-hit-a-new-record-high-5-moves-to-make-now/

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How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD

How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD

On July 16, 2024  By Awake-In-3D

Iraq’s Financial Transformation Could Mean Big Changes for Its IQD Currency

In This Article

• Iraq’s Ranking in the Global Economy

• Inflation and Oil Production

• The Soft Power Index and Economic Diversification

• Implications for the Iraqi Dinar (IQD)

Iraq’s economy is showing promising signs of growth and stability, as evidenced by its recent global and regional rankings. This economic progress could pave the way for a stronger Iraqi Dinar (IQD) and greater financial independence.

Iraq’s Ranking in the Global Economy

According to CEOWORLD, Iraq has emerged as the fifth-largest economy among Arab nations and the 52nd largest globally in 2024.

The country’s Gross Domestic Product (GDP) for the year stands at $265.894 million, with projections indicating steady growth reaching $345.074 million by 2029. This upward trajectory places Iraq on a stable path towards economic robustness and a more influential role in the region.

Despite rising inflation concerns worldwide, the United States remains the largest economy with a GDP of $28.78 trillion, followed by China at $18.54 trillion. Germany, Japan, and India also continue to solidify their positions in the top five, each leveraging their unique economic strengths.

Inflation and Oil Production

Iraq’s economy heavily relies on its oil production capabilities, which have seen a significant boost recently.

The North Oil Company (NOC) in Kirkuk governorate reported an increase in production to over 360,000 barrels per day (bpd), with plans to reach 400,000 bpd by year-end. The Iraqi Drilling Company’s efforts to develop and rehabilitate oil wells have contributed to this growth, highlighting the sector’s potential for further expansion.

Oil expert Ali Khalil noted that while the current production represents about 50% of NOC’s potential, there is ample room for increased output. This production capability demonstrates the need for the Ministry of Oil to invest in the public sector and enhance the infrastructure, ultimately boosting revenue for Iraq’s state treasury.

The Soft Power Index and Economic Diversification

Iraq’s improved ranking in the Soft Power Index, climbing from 116th to 99th place globally, reflects its growing influence on international affairs.

The index evaluates a country’s ability to impact global decisions through its reputation, culture, governance, and economic relations. Among Arab nations, Iraq ranks fifth, following the United Arab Emirates, Saudi Arabia, Qatar, and Egypt.

Economic diversification remains crucial for Iraq’s stability. Although oil revenues account for 89% of the federal budget, there has been a notable increase in non-oil revenues, contributing 11% to the total income.

This diversification is vital for reducing the country’s vulnerability to global oil market fluctuations and fostering sustainable economic growth.

Implications for the Iraqi Dinar (IQD)

The steady economic growth and diversification efforts could have significant implications for the value of the Iraqi Dinar (IQD).

With a more stable financial system and increased non-oil revenues, Iraq is poised to enhance the value of its currency. Achieving greater economic independence and reducing reliance on U.S. influence will be key factors in this process.

Financial experts suggest that continued investment in infrastructure, particularly in the oil sector, and strategic economic policies will support the upward trajectory of the IQD.

The recent memorandum of understanding with the European Chambers of Commerce further signifies Iraq’s commitment to fostering international trade and supporting small and medium-sized enterprises.

The Bottom Line

Iraq’s economic progress is a testament to its resilience and strategic planning. As the country continues to enhance its financial system and diversify its economy, the potential for a stronger IQD becomes more tangible.

With continued efforts towards economic independence and stability, Iraq is on the right path to achieving significant fiscal success and a more influential global presence.

Supporting Articles:

• https://shafaq.com/en/Economy/Iraq-ranks-fifth-in-Arab-World-52nd-globally-in-largest-economies

• https://shafaq.com/en/Economy/Iraq-ascends-in-2024-Soft-Power-Index

• https://shafaq.com/en/Economy/Kirkuk-oil-production-surges-to-over-360-000-bpd

• https://shafaq.com/en/Economy/Iraq-s-fiscal-challenges-highlight-overreliance-on-oil-revenues

• https://shafaq.com/en/Economy/Iraq-signs-MoU-with-European-Chambers-of-Commerce-to-boost-trade

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