Wed. AM TNT News Articles 11-10-21

154

TNT

Tishwash:
Iraq and China discuss coordination and mutual support for obtaining international positions in international organizations

Head of the International Organizations and Conferences Department at the Ministry of Foreign Affairs, Abbas Kazem Obaid, met with the Chinese Chargé d’Affairs to Iraq, Jian Fangning, at the Ministry of Foreign Affairs building.

A statement by the ministry stated that during the meeting, many international issues presented to international organizations were discussed, and opinions and positions were exchanged on them, as well as deliberations on coordination and mutual support for obtaining international positions in international organizations   link

Cutebwoy:
The QFS (quantum financial system)

The QFS (quantum financial system) covers the new global network for the transfer of asset-backed funds and replaces the centrally controlled SWIFT System.

Quantum Finance

A new system is emerging that, with the proper structuring, puts financial control back in the hands of the people.

The Quantum Financial System (QFS) has been building a Virtual Private Network (VPN) for the Cross-Border Interbank Payment System (CIPS).

It’s a network based on sovereignty and commerce.

This author recently outlined the primary components of the real financial reset, the details of which are behind this effort, to include documentation (proof) of its relevance and importance.

The Real Financial Reset

While the details are complex, resetting to a “new, better normal” is a lot simpler than you might think.

To coordinate a national research effort encompassing Federal agencies, the academic community, and industry leaders already underway, The White House National Quantum Coordination Office released A Strategic Vision for America’s Quantum Financial System Networks, in February of last year (2020).

and underemployment and youth unemployment rates are at all-time highs, we have reached a point at which locally sustained economic ecosystems are perhaps the only way forward in achieving economic health that supports people of all walks of life and cultural backgrounds.

This author’s framework called Smart Ecologies is one such method for the design and development of these ecosystems.

In order to support this shift, it is prescient that we approach our uses of currency and finance through a radically different lens.

And it begins anew in how we control and manage our own data.

True Self-Sovereign Identity

Using the blockchain and distributed systems to liberate individual data across the digital landscape.

 As we’ll see in a moment, the QFS does not come without its design challenges, namely that it is an AI-enabled consensus system.

As pointed out in other posts, human participation in counterparty agreements must be managed by selective consensus, to avoid unnecessary obfuscations of decision-making power.

QUANTUM FINANCIAL MECHANICS

Quantum finance is an interdisciplinary field, applying theories and methods developed by quantum physicists and economists in order to solve problems in finance. It is a branch of what is known as econophysics.

While quantum computing methods have been in existence for quite some time that use physics first principles to understand better ways to conduct and manage monetary flows, it is actually the math that matters in this new scenario.

In the case of a non-interest based system, it must be established that a proper “reset” entails no dependencies on credit or debt that result in the “overfinancialization” of assets.

In other words, we don’t need to add unnecessary 1s and 0s to our transactions, nor in the ways we create or produce assets we wish to redistribute and from which we generate revenues autonomously.

To expand on this, it is also important to understand that financial risk must be amortized at the asset level.

That said, the real value of blockchains or ledgers has less to do with the speed of transactions, and more to do with the responsible management of resources as they are neededwhen they are needed.

Much thought and work has gone into this, some of which is detailed here.

In short, we must think of financial assets as those which are not separate from their sustained utilities in the natural world, to include any and all environmental variables which ultimately determine their value.

ASSET-BACKED CURRENCY

Beyond the AI and natural resource implications, it is purported that a FIAT cryptocurrency will convert into a gold-backed Basel III, IV and V compliant digital coin.

It is also purported that a fungible handbasket of gold, silver, palladium and other precious metals can collateralize this unit of account.

The coins themselves and the virtual coins will have barcodes (for ownership) and GPS tracking devices (for location).

The ACC (Asset Chain Collection) is a “Distributed General Ledger”. It’s a tool of the A.I. asset digitization for global applications. It is referred to as “The A.I.Exchange”.

Between mainstream tokens in the market with asset-standard tokens the Asset Collection Chain jointly forms and documents the digital asset interchange object — SDR digital currency.

Each global “node” establishes a “regional” General Ledger Token (GLT) for regional circulation and this the digital currency SDR (Special Drawing Rights) will be the main exchange coin along with tokens of each international node’s general ledger token on the international exchange.

In this “monetary ecosystem” each node’s token can use GLT (General Ledger Token) to realize regional circulation and each GLT can use ACC to realize international circulation.

As this author has pointed out, there is a potential downside to tokenized digital currencies, mainly in that they must be designed to be fully quantum tolerant.

In other words, the goal is to monitor and preserve natural value of any asset by amortizing risk in real-time.

REAL-TIME LEDGERING

Right now it is unclear as to how exactly the QFS is being ledgered, and with what specific ledgering system.

Rumors circulated last year (2020) that XRP was being used, but that appears to be conjecture, given its extreme volatility.

All the while, the institutional buy-up of Bitcoin inventory is a signal that there is real battle over control of the financial system.Perhaps it is neither XRP nor a speculative commodity like Bitcoin that, alone, will provide the underlying structure for the real reset.

TO RESPONSIBLE PARTICIPANTS, COME THE SPOILS

“Crypto-biases” aside, something monumental is about to happen.

It is purported that the QFS “reigns supreme” in photonic technology at 3.5 trillion frames per second.

It replaces obsolete IP-dynamic routing with the true physical GPS authentication between sender and receiver routing, while upholding “100% financial security and transparency of all currency holders”.

As mentioned, the AI component is a concern, since AI systems — whether through deep learning, natural language processing or quantum imaging — mimic human and biological behaviors.

As we all can recognize, human beings are not the most self-responsible in terms of gut-checking their proclivities toward greed and more authoritarian control of resources.

That said, merit-based approaches to stewarding resources with selective consensus are paramount, and they are available.

These are wildly exciting times.

https://www.quantum.gov/

https://medium.com/our-new-nature/quantum-finance-de47b8b046a8

www.quantum.gov/wp-content/uploads/2021/01/A-Strategic-Vision-for-Americas-Quantum-Networks-Feb-2020.pdf

Source: Dinar Recaps


Harambe:
Zimbabwe has no plans to introduce another currency | ZBC NEWS

(11/9/21)

Government says the Zimbabwean Dollar is the best way to manage the economy and any reports of the imminent introduction of another currency are unfounded.

The information was revealed by the Minister of Information,Publicity and Broadcasting Services Senator Monica Mutsvangwa during a Post Cabinet Media Briefing this Tuesday.

Government would like to assure the nation that it is not considering introducing another currency in the economy as reported in some sections of the media. Our local currency is the Zimbabwe dollar (ZW$) and not cryptocurrency, she said.

In October this year the minister of Finance and Economic Development Professor Mthuli Ncube also ruled out adopting the U.S dollar as the country’s sole official currency, terming it “suicidal”.

Ncube said such a move could result in foreign currency deficits and deflation for the African nation.

We cannot adopt the United States dollar alone as the official currency,” Ncube told lawmakers during a pre-budget consultation meeting held in October.

Like most countries in the world,The Government of Zimbabwe through its Financial Technology (FINTECH) Group, is studying Central Banking Digital Currency (CBDC) as opposed to cryptocurrencies, bitcoins or any form of derivatives.

https://www.zbcnews.co.zw/zim-has-no-plans-to-introduce-another-currency/

Source: Dinar Recaps

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