More News, Rumors and Opinions Thursday Afternoon 9-5-2024
KTFA:
Clare: Iraq suspends official work on September 15 on the occasion of the Prophet’s birthday
9/3/2024
An informed source reported today, Tuesday, that Prime Minister Mohammed Shia Al-Sudani decided to suspend official work on Sunday, September 15, on the occasion of the Prophet’s birthday.
The source told "Iraq Observer", "Prime Minister Mohammed Shia al-Sudani decided to suspend official work on Sunday, September 15, on the occasion of the Prophet's birthday." LINK
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Gold Telegraph: Gold is the Bedrock of the Monetary System
Thursday, 5 September 2024
Gold Telegraph @GoldTelegraph
BREAKING NEWS
TURKEY IS WORKING TOWARD TEAMING UP WITH CHINA TO PROCESS A DEPOSIT OF RARE EARTH ELEMENTS
Talk about awkward…
“Erdogan, Xi discussed cooperation in developing Turkey deposit…”
Turkey has expressed interest in joining BRICS and is now in discussions with China about collaborating to develop a rare earth deposit within the country.
Remember I said years ago the East will leverage commodities to combat a weaponized financial system?
It is playing out.
Gold is the bedrock of the monetary system.
Elements weave the fabric that powers our world.
Many technocrats preach about first principles but dismiss and even disparage commodities, showing they don’t understand what they are discussing.
Japan is feeling the heat once again.
The Bank of Japan continues to threaten they will raise rates.
Quick reminder, the BOJ balance sheet exceeds Japan’s GDP.
We have only seen part 1 of the circus.
BREAKING NEWS
CHINA OFFERS AFRICA $51 BILLION IN FRESH FUNDING FOR MORE INFRASTRUCTURE INITIATIVES
This is significant.
“Last year, China approved loans worth $4.61 billion to Africa, in the first annual increase since 2016…”
Source: https://www.reuters.com/world/china-deepen-industrial-agricultural-trade-investment-ties-with-africa-2024-09-05/
Russia will increase its gold purchases from 1.12 billion rubles per day to 8.2 billion rubles per day for the next month.
This is a big increase.
Wow…
Source(s):
https://x.com/GoldTelegraph_/status/1830985924462756306
https://x.com/GoldTelegraph_/status/1830987981299048462
https://x.com/GoldTelegraph_/status/1830994205889491403
https://x.com/GoldTelegraph_/status/1831147904024617015
https://x.com/GoldTelegraph_/status/1831560495683531231
https://x.com/GoldTelegraph_/status/1831563065617478106
https://dinarchronicles.com/2024/09/05/gold-telegraph-gold-is-the-bedrock-of-the-monetary-system/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article quote: "All the currencies Iraq will be doing business with are now in compliance with the international standards and traded on the Forex..." With respect to that, I think it's time for everybody to sit back, relax, watch it as it happens...We're all excited. Maintain some groundedness because I believe there's no stopping this at this stage of the game. They have so much they're telling us...It's truly amazing...
Mnt Goat ...One of the loose ends is the much-needed amendments to the Iraq Investment Law. They told us in an article that the WTO requested some changes to the law. In this same article, they told that this was the ONLY issue holding Iraq back from full accession... So, what pops out in the recent news. The article is titled “PARLIAMENTARY ECONOMY COMMITTEE DISCUSSES AMENDING THE “INVESTMENT LAW”. The Iraqi legislative arena is currently witnessing intensive discussions about the fourth amendment to Investment Law No. 13 of 2006, as amended, in light of the significant expansion of investment activity in the country in recent years. So we may see this law very soon. Then the WTO.
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24hrs & 19 Million OZ of SILVER Deliveries | Andy Schectman
Liberty and finance: 9-4-2024
Andy Schectman, CEO of Miles Franklin Precious Metals, highlights significant developments in the precious metals markets. Schectman discusses the massive physical deliveries of gold and silver from major exchanges like COMEX and LBMA, pointing out that these deliveries are reaching unprecedented levels, indicating serious structural deficits.
He also notes a notable increase in countries like Turkey and India aggressively accumulating precious metals, further stressing the disconnect between physical supply and paper trading volumes.
Schectman expresses concern over the manipulation and suppression of precious metal prices by Western financial systems, and how this is incentivizing global players to withdraw physical metal from exchanges.
He concludes by emphasizing the shift in market dynamics, with emerging economies positioning themselves advantageously by stockpiling commodities and distancing themselves from Western financial institutions.
INTERVIEW TIMELINE:
0:00 Intro
3:34 COMEX & LBMA deliveries
10:00 BRICS memberships
15:08 India silver imports
21:30 Pension risk