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Here's Bull's two cents worth... Trump Just Dropped the REAL Reset Plan:. Treat as a rumor. Not verified. Your opine. 589bull: Trump Just Dropped the REAL Reset Plan: ARTICLE: Trump just laid out the blueprint for the next financial era right in plain English. He’s not talking about imports. He’s talking about replacing the IRS, detonating the debt-based system & funding America with pure external revenue. Read What He Actually Said: – Importers burned through the “stock up” dodge. – Now they’re trapped — everything they buy gets hit. – Tariff revenue is about to explode vertically. – America becomes a trade-powered superstate. – And anyone opposing it is “serving hostile foreign interests” If SCOTUS Blocks This, They’re Siding With The Global Parasites Not The American People. This Is The Keystone To The Entire Monetary Reset: • RLUSD as the digital dollar. • XRP/XDC settling global flow. • ISO 20022 rails snapping together. • Ripple + BNY Mellon wiring the system. • BRICS commodity shift accelerating. • Iraq’s IQD prepping for international use. • Tariffs funding the transition away from income tax. He’s Daring SCOTUS To Kill The Revenue Engine Powering America’s Comeback. Refunds? Please. That would nuke the entire global architecture being built right now. SCOTUS isn’t suicidal. This is the moment the old system dies & the new one comes online. You’re Watching The Reset Happen In Real Time.

Here's an article of GCR interests... The 5 Pillars Of The Global Financial Reset. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: The 5 Pillars Of The Global Financial Reset — Where We Stand & What’s Still Missing. ARTICLE: Overview... The concept of a Global Financial Reset is no longer theoretical. Across continents, governments & financial institutions are quietly restructuring debt, piloting digital currencies, integrating trade settlements outside the Dollar & building AI-driven oversight systems. Yet, the reset remains incomplete — a work in progress that requires synchronization across what can be called the Five Foundational Pillars of the new global order. Current Status: -Sovereign Debt Realignment: Debt forgiveness & restructuring negotiations have accelerated among developing economies, notably under the IMF’s “Resilience and Sustainability Trust” & China’s debt-for-equity arrangements in Africa & Latin America. -Currency & Trade Integration: The rise of BRICS+ trade settlements in gold and local currencies is reshaping cross-border commerce, while the US & EU accelerate their digital currency frameworks. -Tokenized Assets: Banks are testing blockchain-based settlement layers for tokenized cash & securities — JPMorgan’s Onyx platform processed over $2 trillion in tokenized transactions this year alone. -AI Financial Governance: Central banks now deploy AI for real-time risk monitoring, while the G20 has drafted standards for algorithmic transparency in monetary policy. -Geopolitical Alignment: Diplomatic breakthroughs — from the U.S.–Syria sanctions thaw to Germany’s quiet presence at the BRICS summit — indicate the merging of economic & political realignments into a single framework. What’s Still Missing: Global adoption still requires interoperability — between digital currencies, between AI governance systems & among trade blocs. Without trust in shared regulatory and valuation systems, fragmentation remains the primary obstacle to a true “reset.” The next phase will hinge on transparency, convertibility & coordinated AI oversight. Why This Matters: What’s unfolding is not simply another market cycle but a structural convergence — a rewrite of how money, value & sovereignty interact in the 21st century. The world is edging toward a single interconnected monetary ecosystem, but the synchronization of its five pillars will determine whether it stabilizes or fractures global finance. This is not just politics — it’s global finance restructuring before our eyes.

Here's some articles of GCR interests... BRICS’ Digital Currency Bridge: Prelude To A Global Currency Reset? Treat as rumors. Not verified. Your opine. FROM NEWS SOURCES: ASEAN & Australia Push Back On China: A Maritime Pivot in Global Trade. ARTICLE: The South China Sea becomes the frontline for the next phase of economic realignment. At the latest ASEAN–Australia summit, leaders united to condemn China’s aggressive maneuvers in the South China Sea, including incidents targeting Filipino & Australian vessels. The joint declaration emphasized international maritime law, open trade routes & multilateral diplomacy. Strategic Maritime Corridors: The South China Sea handles over $3 trillion in annual trade. Any collective defense of these routes transforms ASEAN from a passive bloc into a regional security consortium. Economic Decoupling Pressure: Australia & the Philippines’ cooperation signals deeper coordination between Western economies & Southeast Asian partners. Expect a surge in joint infrastructure financing (ports, fiber optics, defense tech) funded through Quad & G7 channels. Alternative Supply Networks: As trade re-routes away from China-dominated waters, Vietnam, Indonesia, & Malaysia stand to gain. Logistics hubs in Singapore & Darwin may evolve into the backbone of a “Pacific Free Trade Belt.” Implications For Global Trade: The diplomacy here is as much about economics as security. This could result in two maritime trading networks — one under Western alignment (ASEAN-Australia-Japan-US) & another centered on BRICS-Eurasian corridors. Such bifurcation mirrors the broader fragmentation of finance, logistics & market access globally. This is not just politics — it’s global finance restructuring before our eyes. FROM NEWS SOURCES: BRICS’ Digital Currency Bridge: Prelude To A Global Currency Reset? ARTICLE: As BRICS pilots ultra-fast settlements, could this signal a move toward an asset-backed global digital currency &a reshaping of the Dollar era? The recent pilot of the mBridge digital currency bridge—settling transactions in just 7 seconds & with dramatically lower fees—points to a deeper shift in global finance. According to one recent report, payments between Abu Dhabi & China via mBridge were settled in seven seconds, with transaction fees claimed to be ~98% lower than those using the traditional SWIFT system. The Mechanics: mBridge & Payment Infrastructure: -mBridge was developed by the Bank for International Settlements Innovation Hub together with central banks of China, Thailand, the UAE, Hong Kong & later Saudi Arabia. It is designed to allow real-time cross-border payments with central bank digital currencies (CBDCs). -The BIS announced it would hand over management of mBridge to participating central banks in late 2024. -Analysts observe that while mBridge is not explicitly a BRICS-only project, several participating states overlap with the expanded BRICS group & the infrastructure aligns with its de-dollarisation ambitions. -One recent analysis suggests that beyond faster payments, a “less likely but more transformative” scenario is the launch of a dedicated BRICS digital currency backed by a basket of member currencies or commodities like gold. How This Could Lead to a Global Asset-Backed Digital Currency: 1-Eliminating Intermediaries – The pilot between Abu Dhabi and China demonstrated that payments could bypass traditional correspondent banking routes (e.g., New York & London). If scaled to more BRICS and partner nations, that reduces dependency on Dollar-clearing channels. (See mBridge settlement speed & cost). 2-Hub for Local/Regional Currencies – As the platform supports CBDCs, member states might settle trade in local or regional digital currencies rather than in US Dollars. That opens the door to a synthetic or unified digital currency of the bloc. 3-Asset/Commodity Backing – Analysts suggest a BRICS currency could be backed by gold or other hard assets, which gives it credibility as a reserve alternative. 4-Infrastructure Precedes Currency Launch – The infrastructure (mBridge, BRICS Pay, regional digital settlement systems) can precede & prepare the ground for a formal digital currency to be issued by a supranational or region-wide entity. What A Global Currency Reset Might Look Like: -Reduced Dollar Dominance: The USD has long been the primary global reserve and trade-invoicing currency. BRICS efforts aim to reduce this dependency. -Currency Bloc or Basket: A new digital currency might be built on a basket of BRICS currencies (renminbi, rupee, real, rand, ruble etc) or backed by commodities/gold, providing an alternative reserve asset. -New Payment Architecture: With low‐cost, fast settlement networks like mBridge, trade settlement timelines shrink and reliance on Western-dominated financial rails diminishes. -Implications for Power & Sanctions: Countries under Western sanctions see appeal in alternative payment systems that circumvent USDr-based sanctions architecture. Risks, Challenges & Timing: -Technical vs Political: While infrastructure is advancing, full rollout and trust in a new global currency require enormous political coordination & regulatory alignment. Some experts caution that BRICS’s ability to launch a truly viable alternative remains limited in the near term. -Dollar Resilience: Despite the push, the dollar’s dominance remains resilient—for now. The shift may take years. -Diverse Member Interests: The BRICS nations have differing economic systems, policies and levels of integration; aligning them around a single digital currency or settlement system presents major coordination issues. -Geopolitical Response: The US and its allies may respond by strengthening the current financial architecture, applying regulatory or sanction pressures, or accelerating their own digital currency initiatives. -Backing & Trust: For a new currency to gain reserve status it must be trusted. This implies backing by credible assets, transparency, liquidity and stability—all difficult in emerging-market contexts. Implications For Investors & Policymakers: -Investors should monitor developments in digital sovereignty, CBDCs & cross-border settlement systems as structural shifts in global finance may alter currency, trade & reserve asset dynamics. -Central banks and policymakers in non-BRICS countries should evaluate vulnerability to exclusion from new rails, or opportunities to link with alternative systems. -Markets may gradually price in potential de-dollarisation risks, especially for currencies, commodities & trade-financing arenas. -Commodity-rich & export-driven emerging markets may see accelerated efforts to invoice trade in alternatives to the USD, particularly if digital settlement systems reduce friction & cost. Closing Thoughts: The pulse of global finance is showing subtle but significant signs of change. With BRICS nations pushing faster, cheaper settlement architectures via platforms like mBridge, the foundations for a digital currency & potentially a global currency reset are quietly being laid. While the full impact may take years to manifest, this is not just politics — it’s global finance restructuring before our eyes. Luigi's two cents worth... The end of the Petroldollar & USD Dominance in global trade are coming to an end. This may sound very alarming but could be a valuable asset in the long run. Nations will trade in their own currencies other than the USD. Currencies will be digital-asset backed & every nation will be on board & on the same page. This could leed to a re-alignment of all global currencies & eventually a one world global currency. Some currencies will go up in value & others will decrease in value until they all equalize. This will even out the int'l trade playing field for all nations to fairly compete. No longer can nations manipulate their currencies to get over on other nations via cheaper labour costs. China & other nations will be forced to play by the new rules. We will all be better equipped to compete in the global trade markets. IMHO.

Here's an article of GCR-GESARA interests... The Strategic Link To The Financial Reset. Treat as a rumor. Not verified. Your opine. FROM NEWS SOURCES: Gyeongju APEC Summit: South Korea Bridges East & West. ARTICLE: Diplomacy meets economics as Seoul positions itself between Washington, Beijing & ASEAN. As the APEC Summit convenes this week in Gyeongju, South Korea, the host nation is advancing a policy of “bridge diplomacy” — a balancing act between the US, China, Japan & ASEAN nations. President Lee Jae-myung’s administration aims to transform South Korea into a neutral mediator linking advanced economies with the developing Asia-Pacific bloc. The Core Themes: Economic coordination: APEC’s agenda includes digital trade frameworks, clean-energy transition & investment in resilient supply chains. Security meets commerce: Behind the scenes, the summit is expected to feature quiet talks between US & Chinese delegates — a prelude to more formal trade normalization efforts. ASEAN Alignment: The APEC initiative directly supports ASEAN 2025, aimed at integrating Southeast Asia’s supply chains with broader Pacific trade systems. Why It Matters: Diplomatic repositioning: Seoul’s bridge role reflects a shift toward multipolar diplomacy, reducing binary East-West confrontation. Financial ripple effect: Integration across APEC & ASEAN could redirect capital flows from Western debt markets into infrastructure, logistics, & digital finance projects spanning Asia & Oceania. The Strategic Link To The Financial Reset. As APEC & ASEAN deepen coordination, a new financial framework is emerging — one that may complement BRICS initiatives while offering an alternate venue for global investment. South Korea’s diplomatic balancing act could lay the groundwork for a dual-system world, where the Western-led monetary order coexists with a new Asia-centric trade-finance nexus. This is not just politics — it’s global finance restructuring before our eyes.

Here's an article of GCR interests... Has The Reset Started? Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Some Companies Believe A Monetary Reset Is Already Underway. ARTICLE: A trade truce between the US & China is at risk of falling apart. Why? Elements. China has been very focused on mining for years & acquiring world-class projects. Now, the world is waking up to the consequences. I will be on stage in Quebec City next Tuesday. Looking forward to seeing some of you there to discuss the role of gold in this shifting global order. More & more mining CEOs & leading companies with market caps over $10 billion believe we are on the brink of a monetary reset. Some even argue it’s already underway. A common theme? They all recognize one fact: The flow of gold has been shifting east for years. More soon. BREAKING NEWS: THE BANK OF JAPAN’S LONG-TERM GOVERNMENT BOND HOLDINGS FELL FOR THE 1ST TIME IN 16 YEARS AS OF END-MARCH. Where is my circus picture? Oh there it is: It’s easy to miss the signals in the noise. But pay close attention: This Week: • The President of the European Central Bank said the Euro could replace the Dollar in global trade. • Germany is pushing to get its gold back from the US. Of course, the Euro will never replace the Dollar as the world’s reserve currency, but that’s not the point. This isn’t just noise. Europe is preparing for the future. They are worried that the Federal Reserve won’t provide lifelines if the system starts to crack. Of course, the Euro will never replace the Dollar as the world’s reserve currency, but that’s not the point. The real story is this: America’s closest allies are now openly questioning the Dollar’s role, exploring alternatives & pushing for their own currencies. Luigi's two cents worth... EU nations are returning back to their very own currencies & ditching the Euro. In the long run this could weaken the Euro or even kill the Euro. The German Deuchmark, the Swiss Frac & British Pound Sterling were the strongest currencies in all Europe. Under the Euro...the strongest economies in Europe like Germany were propping up the weaker EU nations like the Balkan nations. This was like an anchor dragging down the wealthier nations. This is why the push to return to their old pre Euro currencies. Other nations like Ireland & Scotland, part of the UK, may be better off going it alone with their own currencies & ditching the Pound Sterling. The USD still has a roll to play on the world stage once it becomes asset backed. There will be 5 or 6 int'l globally traded currencies besides the USD. The USD, the British Pound Sterling, The Swiss Franc, Japan Yen, The China Yuan & possibly even the IQD once it is restored to it's former glory. Iraq will have a very important roll to play on the world stage after it's currency is restored & it's economy is up & running. IMHO.

Here's some articles of GCR interests... Some Companies Believe A Monetary Reset Is Already Underway. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: Some Companies Believe A Monetary Reset Is Already Underway. ARTICLE: A trade truce between the US & China is at risk of falling apart. Why? Elements. China Has Been Very Focused On Mining For Years & Acquiring World-Class Projects. Now, the world is waking up to the consequences. I will be on stage in Quebec City next Tuesday. Looking Forward To Seeing Some Of You There To Discuss The Role Of Gold In This Shifting Global Order. More & more mining CEOs. Leading companies with market caps over $10 billion believe we are on the brink of a monetary reset. Some even argue it’s already underway. A common theme? They All Recognize One Fact: The flow of gold has been shifting east for years. More soon.

Here's some articles of GCR interests... Some Companies Believe A Monetary Reset Is Already Underway. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: Some Companies Believe A Monetary Reset Is Already Underway. ARTICLE: A trade truce between the US & China is at risk of falling apart. Why? Elements. China Has Been Very Focused On Mining For Years & Acquiring World-Class Projects. Now, the world is waking up to the consequences. I will be on stage in Quebec City next Tuesday. Looking Forward To Seeing Some Of You There To Discuss The Role Of Gold In This Shifting Global Order. More & more mining CEOs. Leading companies with market caps over $10 billion believe we are on the brink of a monetary reset. Some even argue it’s already underway. A common theme? They All Recognize One Fact: The flow of gold has been shifting east for years. More soon.

Here's an article of GCR-NESARA interests... We Have A Date...The Great RESET Is Coming. Trump: US Reset Coming July 2026. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Insiders Claim Trump WILL Reset Economy, 4 July, To A New Gold Back Currency. ARTICLE: In this interview with Andy Schectman, Andy drops a bombshell stating that Judy Shelton, Trump’s former pick for the Federal Reserve, told him directly that Trump will pull the trigger on the economic reset July 4th 2026 with a gold backed currency. That’s a pretty big deal coming from Shelton. We know the economy is ready for a reset soon, what ultimately occurs is still up in the air, but this was big news to me. Details Of The Interview: Andy Schectman rejoins the program to discuss the volatile market & the massive gold moving off the COMEX. An unprecedented situation which has never been seen in our lifetime. He also shares what he has heard from insiders that Trump plans on flipping the switch on the new US economy July 4th, 2026. NOTE: Google key words in heading to bring up source/link.

Here's an article of GCR interests... DOGE & The Reset. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: DOGE Forces US Bankruptcy Reset. ARTICLE: Financial writer and precious metals broker Bill Holter is back with a new warning on the effects of the Trump DOGE team (Department of Government Efficiency). Everyone now knows of the huge unfolding fraud & waste being uncovered in federal government audits. It simply has to be done for the nation to survive, but what many are missing are the consequences of these audits that are unavoidable. Holter & his former business partner Jim Sinclair (RIP) laid out the US bankruptcy scenario nearly five years ago on USAW. The post was titled “Trump Win Offers a Way Forward After US Bankruptcy – Holter & Sinclair.” Of course, Donald Trump “lost” in 2020 & the bankruptcy button was not pushed. Back then, Holter & Sinclair said the US was going to go bankrupt. The only question was, would America get financially reorganized “under the rule of law or the rule of chaos?” The voters chose the rule of law in 2024 with the Trump landslide. Holter goes on to explain, “Mathematically, this is going to go down one way or the other. Either it’s going to go down through nonpayment or going to go down when they blow up the value of the Dollar. They cannot pay the interest & debt back in current terms. They would have to create more Dollars, diluting the value of each Dollar in order to pay the Dollars back. The question is, does this go down under the rule of law or does it go down under the rule of complete fraud & corruption. Look at the last days of the Biden Administration. Hundreds of billions of Dollars going out the back door. All I can say is when this is over, people better be going to jail; otherwise, you are not looking at a true rule of law.” Holter goes on to say, “DOGE is uncovering all kinds of fraud. This is what you see at the end of empires & even businesses. You see fraud at the very end when empires go under. The scope of what they are uncovering, just at this point, has been mind blowing. The more DOGE digs up, the more the truth is going to come out & the more confidence is going to break. When confidence breaks with foreigners, that’s a big problem. Just this year alone, we have about $10 trillion in Treasuries rolling over. It’s $28 trillion in the next four years. There has to be an appetite for our Treasuries & DOGE uncovering the truth is counterproductive to that. They are uncovering the truth, but truth hurts confidence. DOGE, by doing what should have been done 50 years ago & had we had real accounting, we would not have a problem. Now, you’ve got the system absolutely addicted to this cash flow coming out of USAID & all these different programs & that is going to get shut off. It’s like throwing sand into a gear box. The system is going to grind to a halt & that is going to lead to ‘The Great Taking.’” Holter predicts, “When the system grinds to a halt, you see derivatives collapse, you see financial institutions collapse. Then, guess what, they take all your stuff. Under today’s laws, they do it legally.” Five years ago on USAW, Holter & Sinclair predicted gold would be going much higher. Gold standing at more than $2,900 per ounce shows they were correct, but Holter says you ain’t seen nothing yet, “Gold is a thermometer that tells the health of currencies & regimes. At $2,950, gold is flashing the alarm now. The average person is not equating that to an alarm bell, but it is an alarm bell. People are using gold to get out of the system. When all is said & done, you are going to find out there was fraud everywhere. You are also going to find out that all these crypto currencies are the perfect accounting system for digital air.” In closing, Holter says that when you consider the massive amounts of trillions of Dollars of unpayable debt, gold could easily be revalued to more than $100,000 per ounce in a reset of the financial system. Holter says, “This would reliquefy central banks all over the world. I don’t think you would have central banks all over the world complaining about that.” Holter says silver could be revalued upward to thousands of Dollars per ounce in a financial reset as well. There is much more in the 61-minute interview. Join Greg Hunter of USAWatchdog.com as he goes One-on-One with financial writer & precious metals expert Bill Holter for 2.22.25. Google this title to go to source...greg-hunter-w-bill-holter-doge-forces-us-bankruptcy-reset.

Here's some articles of Dinarian interests... Hang in there...the Reset is coming. Treat as a rumors. Not verified. Your opine. The Young Pretender: The Monetary Reset is a Very Big Deal. ARTICLE: Those expecting the monetary reset & #gold revaluation next week are most probably a little premature. Patience continues to be the order of the day. The monetary reset & #gold revaluation will doubtless happen when least expected & when minds are focused on other things. By hoping for the monetary reset & #gold revaluation to take place next week, far too many are just setting themselves up for disappointment. It will happen when not expected. For anyone in any doubt, the monetary reset is a very big deal. Without really understanding it myself, I do understand that the ramifications will go far wider & deeper than almost anyone can conceptualize. MarkZ via PDK: HCL. Question: With the HCL funded is the RV imminent? MarkZ: HCL- We keep seeing rumors but they have not announced it. I believe they have done everything but just not announced it. Clare: US-Iran Talks. Article: “This evening.. Baghdad hosts the first round of indirect talks between Washington & Tehran – Urgent“

Here's an article of Dinarian interests... This will be the monetary reset. This is just one man's opinion. Treat as a rumor. Not verified. Your opine. The Young Pretender: This Will Be The Monetary Reset. ARTICLE: This will be the monetary reset. Better that it’s controlled like this than chaotic. Though it will happen either way. Those that think the reset is a choice, and the authorities could instead choose to continue the old FIAT system in which they are vested, don’t understand the impasse that has been reached. BigB97689398: The bottom-line the Great Reset is about One World Goverment led by unelected WEF Officials citezens will more like serfs. Own nothing & be happy restricted travel unless your an elite. There won’t be a one world government, just greater collaboration. The alternative to that is never ending conflict & war. BigB97689398: That is one reason why they want War to make the fault of the default from Russia & not financial mismanagement. It is all part of plan hatched by the WEF then the Great Reset. But it is not quite working out right now. I think blame for the reset will fall on the US public for allowing themselves to form two deeply opposing groups, unremittingly at each other’s throats. It will hopefully be their wake up call to stop squabbling & accept their new reality in the world. LUIGI'S TWO CENTS WORTH: A few words of encouragement. We were warned of the chaos right before the event & here it is. The CABAL has pitted one group against the other. This is a one & last ditch effort to cling to power. It is by no accident we are so divided & are fighting among ourselves. They want to weaken, divide, then conqer via mass confusion & lies. Stay alert, don't fall for their evil schemes. Those that endure to the very end, WINS. KEEP THE FAITH. IMHO.

Ezra: This Is The Great Reset. ARTICLE: As expected, the markets opened with a major crash. You can hear the panic in the news reporters: “We have never been down 1,000+ points — EVER, not even intraday — on the Nasdaq.” The Dow & Nasdaq were both down more than 1,000 points after Monday’s opening bell amid a massive selloff triggered by the meltdown in Japan & renewed fears of a US recession. Some of the world’s largest tech companies saw their stocks get hammered early Monday. Nvidia, Meta & Apple all lost 6% of their market capitalization. The number 6 will appear often. This is the Great Reset.

Here's some articles of Dinarian interests... The Great Reset is revealed. WB Chrisine Lagarde is a Globalists. How the Globalists may hijack or RV for their political gain. Iraq is not the hold up...the West is the problem. Iraq is waiting on the West to get their act together. Treat as rumors. Not verified. Your opine. From Other Sources: Bankster Boss Christine Lagarde Reveals Plan for Europe’s GREAT RESET. ARTICLE: Her passionate speeches of a digital euro raise alarms about privacy, autonomy & the use of a ‘climate crisis’ as a justification for expansive financial control. European Central Bank President Christine Lagarde’s continuing advocacy for a digital euro is drawing critical attention. While presented as an environmentally motivated initiative, this shift hints at deeper motives for increased surveillance & centralized control over financial transactions. Christine Lagarde’s Push For Digital Currency. In her speeches & public communications, Lagarde promotes the digital euro not just as a technological advancement, but as a necessary evolution of currency to meet environmental challenges. She suggests that the new currency would inherently support the ECB’s green policies by reducing the ecological footprint of traditional cash. However, this push also coincides with broader central banking interests in monitoring & regulating financial flows more tightly than ever before. Leveraging climate change as the foundation for such a fundamental shift in monetary policy raises red flags. There is growing skepticism about the convenient use of environmental concerns to expedite the adoption of a digital currency system that is programmable and fully traceable. From Other Sources: Basel III Update: The Real Reason for Delayed Compliance Explained. ARTICLE: Continued delays in adopting Basel III regulations prompt skepticism about banks’ willingness to disclose financial risks, despite reassurances that progress is being made. Despite frequent assurances from the Basel III Governing Body, the reality suggests that full compliance is far from imminent. The recent focus on crypto asset regulation appears to be another tactic to delay the inevitable: public disclosure of banks’ risk leverage ratios. -Persistent Delays in Basel III Implementation Basel III regulations are critical for ensuring the stability of the global banking system. Banks must measure & report financial risks accurately, using approved methods to calculate their risk-weighted assets. However, the journey towards full compliance has been anything but smooth. The Basel III Committee has consistently emphasized the importance of implementing these regulations. Yet, deadlines continue to be pushed back, with many jurisdictions now aiming for completion this year or the next. This pattern of delay raises questions about the underlying reasons for the slow progress. -Crypto Asset Regulations: A Convenient Excuse? The latest hurdle in Basel III compliance involves new rules for managing crypto asset exposures. Originally set for implementation by January 1, 2025, these rules have now been delayed to January 1, 2026. Claims are that this postponement is necessary to develop a stable regulatory framework. However, this explanation seems more like a convenient excuse than a genuine obstacle. The classification of crypto assets into two groups, each with different regulatory treatments, adds complexity. Still, it should not justify such significant delays. The focus on crypto assets might be diverting attention from the real issue: banks’ reluctance to reveal their true financial risks. -Banking Transparency and the Hesitance to Disclose Risk Ratios. A critical component of Basel III compliance is the public disclosure of risk-weighted assets. This transparency is vital for regulators & the public to assess a bank’s risk profile accurately. However, many banks appear hesitant to disclose their risk leverage ratios, likely fearing the exposure of their financial vulnerabilities. This reluctance suggests that banks may have more to hide than they are willing to admit. Full transparency could reveal that many institutions are not as financially stable as they claim. This fear of public scrutiny is, I believe, a significant factor behind the persistent delays in Basel III compliance.

Luigi found this article of Dinarian interests... Has the Reset already started in Canada? The Rat thinks so. Medicine Hat, here I come. Treat as a rumor. Not varafied. Your opine. 9 Aug 2019 TNT Tony & The Rat: GJHHonor: did anyone hear about the if it is true?? 'It's crazy': Chase Bank forgiving ALL debts owed by its Canadian credit card customers https://www.cbc.ca/news/business/chase-bank-amazon-visa-marriott-credit-card-debt-1.5239411 Luvwulfs: GJH I have not seen that, wow. Angelwing: Chase discontinued a couple of their cards in Canada a few years ago. They are tired of keeping the records/line of credit open for the defunct cards. They just decided to clear it all off their books and have a clean slate again. If you still owed anything, they forgave it. But only those those discontinued cards. ComeonRV: My understanding from Tony is that the reset is to cancel all our debt.