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More News, Rumors and Opinions Friday Afternoon 5-31-2024
Gold Telegraph: Zimbabwe is Now Experiencing Deflation with ZiG
Friday, 31 May 2024,
Gold Telegraph @GoldTelegraph
After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched.
Gold is like a magic remedy for a broken economy.
Gold Telegraph: Zimbabwe is Now Experiencing Deflation with ZiG
Friday, 31 May 2024,
Gold Telegraph @GoldTelegraph
After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched.
Gold is like a magic remedy for a broken economy.
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TNT:
Tishwash: Iran: Iraq is one of the richest countries in the Middle East
The head of the Department of Land Development and Regional Development at the Iranian Planning and Budgeting Organization, Jaafar Hosseini, announced the export of 2,200 Iranian goods to Iraq, amounting to about 12 billion dollars, while noting that Iraq is one of the richest countries in the Middle East.
On Monday, a meeting was held entitled “Discussing the opportunities and challenges of attracting Iraqi investors and enhancing bilateral trade relations in line with Iran’s position in regional value chains,” in the presence of representatives of the Ministry of Foreign Affairs, the Iranian Investment and Economic and Technical Assistance Organization, the Iranian Trade Development Organization, and the Iranian Chamber of Commerce, Industry, Mines and Agriculture.
The meeting included representatives of the two countries' foreign ministries, the Iranian Investment and Economic and Technical Assistance Organization, the Iranian Trade Development Organization and the Iranian Chamber of Commerce, Industry, Mines and Agriculture.
Jaafar Hosseini said in press statements: Since we are at the beginning of the Seventh Plan, and with the aim of financing this plan, attracting local private sector funds and foreign investments, especially from neighboring countries, have been included on the agenda.
He added: Iraq is considered one of the richest countries in the Middle East, in that it possesses 85 billion dollars in foreign exchange reserves, 130 tons of gold reserves and 147 billion reserves, confirmed from a barrel of crude oil (ranked fourth in the world), explaining that it achieved from selling crude oil an income equivalent to $76 billion in 2021, and $120 billion in 2022.
He explained that, with the establishment of relative stability in Iraq and the development of cooperation and trade infrastructure between the two countries over the past twenty years, Iranian exports to Iraq have grown significantly to achieve 15-fold, rising from about 600 million dollars in 2003 to more than 10 billion dollars in the year. the past.
He stated that out of 3,500 Iranian goods exported to the world, there are currently more than 2,200 goods currently exported to Iraq, pointing out that more than half of Iranian traders active in global markets are present in the Iraqi market, and Iranian exports to Iraq are not limited to goods only, but go beyond This includes technical and engineering services and electricity, which are other important elements of Iranian exports to Iraq, which amounted to about 12 billion dollars.
Referring to the strengthening of trade and economic relations between Iran and Iraq, Hosseini stressed the need to strengthen the commercial infrastructure of Kermanshah Province as it is the most important route and corridor for Iran’s exports to Iraq, adding that it is necessary to develop the commercial infrastructure in order to facilitate and simplify trade between the two countries, and to educate and encourage merchants to Investing in Iraq, developing business by sending and receiving business delegations, participating in exhibitions in both countries, establishing Iranian business centers in Iraqi cities, and enhancing the trade balance by developing imports from Iraq.
Hosseini said that despite the large oil income that Iraq has achieved in recent years, the unemployment rate in this country is very high, especially among young people, and he indicates that consumer industries are very important for this country in order to create job opportunities and attract foreign capital.
Hosseini touched on the important and priority activities of Iran in Iraq, including: compensating part of the trade surplus surplus with Iraq by importing oil from this country and exporting it from the port of Jask, and assisting in the presence of Iranian companies in the field of distributing petroleum products, especially in downstream and upstream activities, and establishing A complex network at the retail level in order to help provide job opportunities for Iraqi youth, and also develop platforms related to the distribution of goods and services or transportation within cities to help the employment situation, especially for educated youth.
He added: In addition, establishing joint border industrial cities with the aim of transferring part of the value chain of industries used in the fields of food industries or textile industries to Iraq, taking into account the possibility of re-exporting from this country, and also establishing a trade corridor to import food products from Central Asia. Russia and export local products from the western borders.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is showing a report on paper from IBBC on the de-dollarization inside of Iraq. They're telling us they've been doing it all this time...They even talk about that part from the World Bank discussion on changing the dinar exchange rate. It's powerful. This is all on the news. FRANK: The monetary reform education to you citizens will get very loud...
Yada Article: "Parliament sets next Monday as the date for the session to approve the budget schedules" ...we are not waiting on their vote, their vote will happen after the release of the rate. IMO, the rate for the budget voted upon in June 2023 is what we are about to see...any moment. The budget they vote on on Monday is the rate change for the newest contract since Jan 24 this year...All the more expecting to see the rate any moment now.
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BRICS Bombshell: Thailand’s Membership Bid Confirms Asia’s De-Dollarization Shift
Sean Foo: 5-31-2024
In a big update, Thailand is moving fast to be the first Southeast Asian country to join BRICS. This ASEAN country wants to find bigger economic opportunities, especially with China, to grow their economy.
This spells economic doom for the West & the US financial system. De-dollarization will continue to accelerate and the multi-polar world is forming fast.
Timestamps & Chapters:
0:00 Thailand's Bombshell Bid
2:41 Asia Pushes De-dollarization
5:49 Cheap Commodities & Faster Growth
8:46 Why Asia Chooses BRICS
12:11 BRICS Will Isolate G7
LIVE! Economic MELTDOWN Worsens. FAKE GDP Numbers. Home Sales NOSEDIVE. Trade Gap WIDENS.
Greg Mannarino: 5-31-2024
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Good Evening Dinar Recaps,
"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"
The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.
Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce. This is a 14.3% increase.
Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Good Evening Dinar Recaps,
"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"
The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.
Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce. This is a 14.3% increase.
Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.
To top it all off, the Global Economy is moving into virtual assets that are called "tokenized assets." Each asset contains gold to support its value even the stablecoins which represents a country's currency has to have enough gold to sustain a Level Playing Field price in trade. MoneyWise YCharts.
Everything is turning to gold, and gold will set us free.
© Goldilocks
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Thank you Sam for finding the above information for me. I knew it had to be somewhere.
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Everything on the new QFS either relates to gold, or it is backed by a precious metal.
These new digital standard protocols will be the mechanism by which money is moved going forward.
The future of money is in gold. Everything the world touches going forward will be because of a metal asset that enables it to do so.
© Goldilocks
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Status of Banks’ Unrealized Losses in Q1: Worsened after Brief Rate-Cut-Mania Relief | Wolf Street
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New York Stock Exchange to list Bitcoin options - Ledger Insights - blockchain for enterprise
Bitcoin Announcement:
"Today the New York Stock Exchange (NYSE) said it plans to launch cash-settled spot Bitcoin options with the price tracking the CoinDesk Bitcoin Price Index (XBX), subject to regulatory approval."
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Once our digital assets moving towards regulation and becoming law are complete, the ability to move our "tokenized assets" backed by gold as a tier one asset will bring the banking system and the markets into correlated price patterns.
This will enable us to move forward with the new economy and begin the process of credit valuation adjustments across all sectors of the market including Forex.
© Goldilocks
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The BuyBacks that started yesterday have not turned the markets around. BuyBacks usually reset a market and support a market. So far, it is not working. The next FOMC meeting is June 11th through the 12th. We may be looking at some monetary policy changes. We have to keep our eyes open much wider than before...
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Article (10) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and based on the supervisory and supervisory role of this bank, it was decided to oblige the Anti-Money Laundering and Terrorist Financing Department in the electronic payment service providers/processors company to follow up on the movements that take place. On cards (whether prepaid, credit or debit)
https://cbi.iq/news/view/2595
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Meeting with the Minister of Agriculture at ROSL, 2024 | Youtube
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Comparing the IQD to the VND Iraqi News IQD VND HTG Rates | Youtube
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THE WORLD ECONOMY IS COLLAPSING FASTER... AND SOCIETY IS BEING "DECONSTRUCTED." Mannarino | Youtube
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Trading Halt | Investopedia
Market Announcement:
A delay in ticker reporting was announced about an hour ago. This delay is expected to be over 2 hours.
This does not make sense to me as a trader. Something is not right. Why would anyone buy in a stock market whereby the buy/sell indicators were delayed?
This is very dangerous.
"Trading can be halted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch, due to regulatory concerns or because the price of the security or an index has moved rapidly enough to trigger a halt based on exchange rules."
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It looks like I have the rest of the day off.
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All Time High Asset Prices | Youtube
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Ripple submits a letter to Judge Torres:
1 & 2
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