“Tidbits From TNT” Sunday 6-9-2024

TNT:

Tishwash: Al-Sudani: The government has provided a safe investment environment and financial and banking facilities that are attractive to experienced companies

Prime Minister Muhammad Shiaa Al-Sudani confirmed that the government has provided a safe investment environment, and financial and banking facilities that are attractive to experienced companies, which opens horizons for continuous cooperation, reflects positively on the local economy, creates job opportunities, and maximizes Iraq’s oil resources, in light of The goal of converting at least 40% of Iraq's oil exports into derivatives and refining products, in addition to gas investment.

A statement from his media office said that today, Sunday, Prime Minister Muhammad Shiaa Al-Sudani, Chairman of the Board of Directors of Al Hilal Companies, Mr. Hamid Jaafar, and his accompanying delegation, indicating that the meeting witnessed a review of the progress of work in the projects undertaken by the company in Iraq, especially the company’s project within the fifth round of licensing. In addition to confirming the government’s vision to expand productive partnerships with companies and regional and international economic groups, in cooperation with the Iraqi private sector, within the government’s platform for economic reform.

For his part, Hamid Jaafar expressed his appreciation for the government’s steps in facilitating all aspects of fruitful work, and the Prime Minister’s directives to remove obstacles and impediments that hinder the work of investment companies, and to prepare everything that would raise levels of cooperation.   link

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Tishwash:  Iraq bids farewell to the list of “high-risk countries”

 Observers and specialists in political affairs expressed their optimism about Iraq’s exit from the list of “high-risk countries” that was officially announced by the International Task Force (FATF) last week, noting that the international declaration represents an important step in the correct path that the Sudanese government is taking in achieving reforms. Financial and economic along with political stability.

Political affairs analyst, Qasim Balshan Al-Tamimi, told “Al-Sabah”: “Iraq’s exit from (the follow-up area) and from the list of (high-risk countries), according to the announcement of the International Task Force (FATF), is a very important step,” noting that “the announcement The International Bank came as a result of the reforms carried out by the Central Bank of Iraq, as well as the procedures and reforms of the Office of Combating Money Laundering and the Financing of Terrorism.”

He added, "Iraq's exit from the list also comes as a result of the legislation of the Anti-Money Laundering Law No. 39 of 2015, and also the establishment of the Anti-Money Laundering Council," and explained that "Under the announcement of the International Working Group, Iraq has become outside the monitoring and follow-up process, and this means that it has regained the confidence of the group."

"By restoring this confidence, Iraq can play a major and pivotal role in the region and in the world, and this step would also make Iraq a destination and a source of interest for major international development and investment companies." The International Financial Action Task Force (FATF) officially announced Iraq’s exit from the follow-up area, due to the significant progress achieved by the Central Bank of Iraq and the Anti-Money Laundering and Combating the Financing of Terrorism Office in improving and addressing deficiencies and in fulfilling all its obligations towards the recommendations of the Financial Action Task Force and addressing the requirements of the strategy to combat money laundering and financing of terrorism. Terrorism, and thus Iraq is no longer subject to monitoring and follow-up by the international Financial Action Task Force (FATF).

For his part, the political analyst, Ali Al-Baidar, stated in an interview with “Al-Sabah” that “Iraq’s exit from the list of the most corrupt countries is evidence that the Sudanese government is not a government of services - as it is referred to - but rather a reform government that has achieved many political and governmental aspects and prevented "A lot of cases of corruption."

 He noted that "Iraq's exit from the list confirms the important steps that the government has worked on, and from here we can look at the deep vision with which the authority dealt with and the method of implementing its service programs in a reform manner, many of which were directed towards preventing corruption, such as activating electronic automation, and there is also awareness Socially, it contributed to rejecting cases of rampant corruption in recent years.”

 He explained that "the fingerprints that Al-Sudani placed on the wheel of reform were reflected positively on the projects and the clarity of vision for many matters related to services and reform. It also appears that Prime Minister Muhammad Shia Al-Sudani laid the foundation for basic visions and ideas that are reflected in the lives of Iraqis, including creating a culture of transparency and integrity, and this The matter affects Iraq's reputation positively, and also affects international support and the creation of an investment environment in Iraq to attract companies, and these are the first fruits of reform that Sudanese reaped as a result of the positive repercussions of his government program.”  link

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CandyKisses:  Within months. Jump in Indian merchandise exports to Iraq

Baghdad - Iraq Today:

The "Iraq of the Future" Foundation for Economic Studies and Consultations said that the value of Indian exports to Iraq from April 2023 to March 2024 increased by 24% compared to the same period last year.

According to data from the Indian Ministry of Commerce and Industry, the value of direct Indian exports to Iraq amounted to 3.4 billion US dollars, up from 2.7 billion dollars for the same period last year.

According to a report released by the institution today, India's rice exports rose 131 percent to $910 million, up from the same period last year, which was worth US$392 million.

Fossil fuels decreased by 9.15% to $799 million from $879 million.

Indian meat exports increased by 41.5% to US$329 million from US$232 million for the same period last year.

Iron exports also increased by 153%, tea exports by 141%, fruit exports by 114%, clothing exports by 106%, and vegetable oil exports by 103%.

The commodities that fell were sugar, whose exports from India to Iraq fell by 85%.

The report indicates that India is the fifth exporter to Iraq of goods after the UAE, China, Turkey and Iran, and the establishment of India's exports is considered direct to Iraq, and may rise if it is added to the value of re-exported goods from the UAE, which is represented by a large percentage of Indian products.

On the other hand, the value of Iraq's exports to India, mainly of crude oil, decreased from 34 billion US dollars compared to 30 billion US dollars in the period from April 2023 to March 2024.

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Tishwash: Association of Private Banks: Iraq witnessed a major revolution and widespread change in electronic payment tools

The Iraqi Private Banks Association confirmed today, Sunday, that Iraq has witnessed a major revolution and a wide change in the level of use of electronic payment tools since 2023, while indicating a significant increase in the size and number of electronic payment operations.

The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the Iraqi News Agency (INA): “The Iraqi Private Banks Association Foundation and the Iraqi banking sector are fully prepared to cooperate within the directions of the Central Bank of Iraq, which are greatly supported by government directions, especially after the recent visit to the United States.” The American efforts resulted in framing the process of working to solve the problems related to preventing the use of the dollar for a group of Iraqi banks.”

Tariq added, “The role of the Association of Private Banks believes in implementing these trends related to amending work mechanisms, using modern technical tools, and reviewing previous accounts,” stressing that “the Association will be very supportive of these trends.”

He pointed out that "the Association of Private Banks hopes for the return of banks that can meet the above requirements," pointing out that "the issue that occurred on the private banking sector had negative effects," adding that "the general trends and the banks' directions must be to repair the damage that occurred in the stage." previous".

He stressed that "Iraq has witnessed a major revolution and a wide change since the previous year until now in the level of use of electronic payment tools, which the government has approved the adoption of electronic payment in government or private institutions," noting that "Iraq has also witnessed a significant increase in the volume of operations and the number of operations related to electronic payment, In addition to an increase in the number of bank cards, and doubling the number of electronic payment points ( pos ), therefore there is a big change.”

He stressed that "the current year will witness significant and tangible change by the citizen."

Tariq pointed out that "the institution seeks as much as possible to strengthen relations between electronic payment companies and banks on the one hand and between government institutions and the Central Bank of Iraq on the other hand, in addition to educating the community on the continuous use of electronic payment tools  link

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Mot: I Just Loves the Insight Ya Gets frum da ole Internet!!!!

Mot:  .... Get Ready!!! --- Its Time!!!!

News, Rumors and Opinions Sunday AM 6-9-2024

KTFA:

RMF:  Just thinking out loud.  If I remember right Parliament passed the 2024 Budget Schedules on 5/3/24.  Then the Budget went directly to the Gazette on the 4th. 

 Now we know that if not signed it goes into effect automatically 15 days later...which takes us to the 20th of June...the stuff dreams are made of.

Always hopeful and believing this may be the month the people and investors have something to celebrate.   

Of course any day would be just fine to wake up and find that I can stop worrying about paying my bills. etc.

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Frank26:  "THE SUCCESS OF THE MONETARY REFORM HAS GIVEN IRAQI BANKS A SUCCESSFUL MECHANISM FOR THE IRAQI CITIZENS".........F26

 Reconstructing Iraq: The role of banks in financing the future

 6/8/2024

Reconstructing Iraq after years of wars and conflicts represents a great challenge, but it also represents an opportunity to rebuild a strong and sustainable economy.

Banks play a crucial role in financing reconstruction, by providing the loans and credit facilities necessary to finance construction and infrastructure projects.

The Iraqi Deposit Insurance Company played an important role in enhancing the confidence of investors and depositors in the Iraqi banking system, which made it easier for banks to obtain the necessary financing for reconstruction. It is estimated that Iraqi banks have provided loans worth more than $10 billion to finance reconstruction projects in recent years.

Germany's experience after World War II is an inspiring example of how banks can play a crucial role in the country's reconstruction. The KfW German Development Bank has contributed to financing many vital projects in Germany, such as rebuilding industrial and residential infrastructure, and providing financing for small and medium-sized companies.   LINK

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Frank26:  "IF I WAS SUDANI... I WOULD CELEBRATE WITH THE PRESS ALSO."........F26

Al-Lami chairs the meeting of the Supreme Committee for Press Day celebrations

6/8/2024

Today, Saturday, the head of the Iraqi Journalists Syndicate, Muayyad Al-Lami, chaired the meeting of the Supreme Committee for Press Day celebrations, while stressing the importance of showing the bright image of Iraq to the delegations that will visit Iraq.

The union stated, in a statement, a copy of which was received by {Al-Furat News}, that “Al-Lami chaired the meeting of the Supreme Committee charged with preparing for the celebrations of the National Day of the Iraqi Press on its 155th anniversary, reviewing before the members of the Supreme Committee assigned by the Prime Minister the union’s procedures regarding the invitation Hosting delegations and personalities from various countries of the world, which include Arab and foreign ministers of culture and information, heads of Arab media institutions, and international organizations concerned with journalism and media.

She added, "The meeting reviewed the preparation of all logistical and technical requirements for holding the celebrations, most notably the preparation for the central celebration that will be held in the Al-Zawraa Hall of the Al-Rashid Hotel on the morning of Sunday, June 30, under the auspices of the Prime Minister, the celebratory festival of the union’s branches in the governorates, which will be held in the gardens of Abu Nawas Street, and the public celebration in the center."

Cultural and social activities, One Thousand and One Nights, as well as hosting meetings of the General Secretariat of the Arab Journalists Union.”

The union continued, “The meeting discussed the facilities that the supporting bodies represented by a number of ministries and other departments will provide to make this national celebration a success,” noting, “The meeting included representatives of the Ministries of Foreign Affairs, Interior, Culture, Transport, the Intelligence Service, the Baghdad Operations Command, the Baghdad Municipality, and the Iraqi Media Network, in addition to members.” Union Council.

Al-Lami stressed "the importance of showing the bright image of Iraq and the major reconstruction campaign that the country is witnessing in front of the Arab and foreign media delegations that will participate with the journalistic family in its celebrations this year of the National Day of the Iraqi Press, which represent more than (50) countries around the world."    LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat  The electronic systems are taking hold...This will allow the shrinkage/withdrawal of the tangible currency notes from the market that is needed in the process to Delete the Zeros...a critical part of it...I can remember hearing as far back as 2010 from Dr Shabibi the importance of the electronic banking effort and its advantages to the process. Yes, they MUST shrink down the currency mass...if you shrink down the monetary mass than what is left will be worth more.

Frank26   [Iraq boots-on-the-ground report] FIREFLY:  Sudani and Alaq...gave us a big speech...He started to compare corruption to terrorism saying we are not in terrorism as bad anymore, more secure, however corruption is still a daily  thing...It is due to a lack of enforcing the anti-corruption law...Sudani said corruption will end and the tools needed will be  utilized to its full maximum capacity to stop this corruption.  FRANK:  He's trying to explain to you what he promised to you but he's not going give it to you in this ugly environment...so they can steal it again.

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The IQD Wait What's Taking So Long?

Edu Matrix:  6-9-2024

The IQD Wait: What's Taking So Long?

 The 2003 Invasion, ISIS, and the Pandemic have all contributed to the delay in the Iraqi Dinar's increasing value.

 Iraq's economy got into trouble during the Iran-Iraq eight-year war and has been struggling ever since.

https://www.youtube.com/watch?v=UzKAOX8VugQ

The Economic Ninja: The Petrodollar will be Destroyed on June 9th, 2024

The Economic Ninja: The Petrodollar will be Destroyed on June 9th, 2024

June 8, 2024

The economic world is abuzz with the recent prediction by the enigmatic figure known as the Economic Ninja. In a bold statement, they have declared that the Petrodollar will be destroyed tomorrow, June 9th, 2024. But what does this mean for the global economy, and should we take this claim seriously

 Let’s delve into the inner workings of the Petrodollar system and scrutinize the Economic Ninja’s arguments.

The Petrodollar System: A Brief Overview

To understand the potential destruction of the Petrodollar, we must first grasp its concept. The Petrodollar system was established in 1973 when the United States and Saudi Arabia reached a historic agreement. In essence, the United States would provide military protection to the Saudi kingdom, and in return, Saudi Arabia would denominate all oil sales in US dollars. This arrangement created a global demand for US dollars, as any country needing to import oil had to first acquire dollars, thereby strengthening the US currency’s position and influencing the global economy.

The Economic Ninja’s Case Against the Petrodollar

The Economic Ninja’s prediction is rooted in several factors, including the recent shift in global economic power, the rise of cryptocurrencies, and the ongoing geopolitical tensions. They argue that the Petrodollar’s days are numbered due to the following reasons:

1. The Decline of the US Dollar: With the increasing US debt and the rise of other economic powers like China and the European Union, the dominance of the US dollar is waning. Countries are seeking alternatives to the dollar for international trade and reserves, thereby weakening the Petrodollar’s foundation.

2. The Emergence of Cryptocurrencies: Decentralized digital currencies, like Bitcoin, pose a significant threat to the Petrodollar. Their borderless, anonymous, and secure nature appeals to nations and organizations seeking autonomy from the US-led financial system. If countries start adopting cryptocurrencies for oil transactions, the Petrodollar’s demise will accelerate.

3. Geopolitical Tensions: The ongoing tensions between the US and major oil-producing countries, such as Iran and Venezuela, have prompted these nations to explore alternatives to the Petrodollar. For example, Iran and Russia have already started trading oil in local currencies, bypassing the US dollar.

Analyzing the Prediction: Fact or Fiction?

While the Economic Ninja’s argument is compelling, predicting the exact date of the Petrodollar’s demise is ambitious, if not impossible. The global financial system is complex and interconnected, with numerous variables and stakeholders. Moreover, the US still holds significant influence over the global economy and the international political landscape, making a sudden collapse of the Petrodollar unlikely.

However, it is undeniable that the Petrodollar is facing challenges, and its days as the dominant global reserve currency may be numbered. The trend towards alternative currencies, the increasing US debt, and the ongoing geopolitical tensions all contribute to the potential weakening of the Petrodollar. The economic world should take these warnings seriously and prepare for a possible shift in the global financial landscape.

In conclusion, the Economic Ninja’s prediction of the Petrodollar’s destruction on June 9th, 2024, may be more of a symbolic call-to-action than a precise forecast. Nevertheless, it serves as a reminder that the global economy is constantly evolving, and the Petrodollar’s days as the undisputed global reserve currency might indeed be numbered.

Stay informed, stay vigilant, and stay prepared for the future of the global economy.

https://youtu.be/Lz4a-mjBcIk

https://dinarchronicles.com/2024/06/08/the-economic-ninja-the-petrodollar-will-be-destroyed-tomorrow-on-june-9th-2024/

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-8-24

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-8-24

Good Evening Dinar Recaps,

Stablecoin News:

"Three Stablecoin startups are announcing funding rounds: Mountain Protocol, M^0 and Tether-backed XREX. Additionally, Paxos announced a yield earning stablecoin in Dubai, and Franklin Templeton said it would allow investors to use USDC to buy its tokenized money market fund FOBXX."

It looks like more asset managers are beginning to issue more Stablecoins. The momentum in Stablecoin production and soon to be used is an indication of where we are in the process of implementing this QFS.

There would be no reason to manufacture digital currencies that pay for tokenized assets unless there was a reason to do so. As we edge closer to the end of this month and laws go into play to govern our new QFS, "liquidity" is being built for its implementation.

As stated many times in this room, Stablecoins represent a country's currency. The use of these banking coins will create demand and price pressures. This will help to redirect our currencies' current path and send them into a more positive direction.

Going forward, Stablecoins are backed by some form of a commodity. This will give our currencies a real value and enable a deflationary effect on our Global economies. This move will reset Global currencies and put them into a positive direction over time.  Ledger Insights    The Motley Fool

© Goldilocks

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Bitcoin Scarcity Grows as Miner and Exchange Reserves Drop by 183,253 BTC Since January  – Bitcoin News

Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves.

From Jan. 1 to June 7, 2024, a substantial amount of bitcoin (BTC) has exited the reserves of bitcoin miners and exchanges. Although less than 10% of the total originated from BTC miners, their combined holdings are steadily decreasing.

This continuous depletion of bitcoin from exchanges and miners not only underscores a trend toward greater individual holding but also amplifies bitcoin’s inherent value through increased scarcity. 

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Meld Gold and Ripple are partnering to bring Real World Assets (RWAs) to the XRP Ledger (XRPL) platform. This partnership will bring in institutional grade functionality along with secure and efficient protocols.

This is done through leveraging the Algorand Standard Asset Core functionality. In essence, Meld will tokenize digital gold in the form of a Meld Digital Gold Certificate. Each token will be equal the value of 1 gram of physical gold.

The implementation of this new digital asset (Meld Gold) is just around the corner. Fungible gold and silver assets on XRPL will begin in Q3.  Yes, July.

Through the use of the new digital economy, gold standard protocols uniting real world assets backed by gold and gold payment tokens are about to usher in a new Financial System.

Medium    Algorand Technologies    Algorand Developer

Gold will set us free!

© Goldilocks

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A multipolar economy is needed to reduce the risk of global economic instability caused by problems in large economies, Dilma Rousseff, a former president of Brazil and the current president of the New BRICS Development Bank (NDB), said Thursday. | Anadolu Agency

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Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the US dollar. | ZeroHedge

👆  Goldilocks pointed to this article

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New Texas-based stock exchange looks to take on Nasdaq, NYSE | CBS News Texas

"TXSE will be a "fully electronic national securities exchange" that seeks to expand access to U.S. capital markets "for all investors while providing greater access and alignment for public companies and those seeking access to public capital," according to the press release."

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Bretton Woods meeting 2024 | Twitter

“Where we go with our money isn’t being led by central banks, its led by society.  It’s our mandate to provide for the needs of the population.
We need to replace our plastics and metals for bits and bites, and we can do that in many different ways.
The physical economy is going down, and the digital economy is going up”

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Join the Seeds of Wisdom Team SNL call with Freedom Fighter breaking down Goldilock's weekly posts!  Jester will be joining too!   SNL Call Link

9 pm EDT / 8 pm CDT / 6 pm PDT

The SNL Q & A room will be open at 8 pm ET, 7 pm CT, and 5 pm PT to ask questions that will be answered on the call if time allows!  Listeners can also ask questions on the call following Freedom Fighter's breakdown!

The call will be recorded and you can find it in the Archive Call Room after the call is over.

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Gold is in an intermediate degree profit-taking event | Youtube

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Follow Goldilocks' Roadmap

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Thank you Dinar Recaps

More News, Rumors and Opinions Saturday PM 6-8-2024

TNT:

Tishwash:  Parliamentary Services: The government has completed 65% of its program, and the next stage will include new projects

 The Parliamentary Services Committee confirmed today, Saturday, that the current government has completed 65% of its service program, pointing out that the next stage will include the entry into force of new projects. 

Baqir Al-Saadi, a member of the Parliamentary Services Committee, told Al-Furat News Agency, “The current government has completed 65% of its service program, as service and housing projects have been started, the completion rate of which has reached approximately 20%.” 

He added, "The next stage will include the entry into force of new projects from the 2004 and 2025 plans, and reconstruction will begin as soon as possible, in addition to allocating financial sums in the budget, which amounted to 2 trillion dinars, in addition to the amounts allocated from the Food Security Law, which reached the share of projects in the southern governorates." 27 trillion dinars. 

He stressed, "The current budget is large and specializes in the service aspect." link

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CandyKisses:  Abadi's coalition compares the decision to end UNAMI's mission with the exit of the Americans: negotiations will last for two years - urgent

Baghdad Today - Baghdad 

Aqeel al-Rudaini, a leader of the Victory Coalition led by former Prime Minister Haider al-Abadi, said on Saturday (June 8, 2024) that the Iraqi government is serious about removing US forces from Iraq, while noting that negotiations in this regard will extend for two full years.

Al-Rudaini said in an interview with "Baghdad Today", that "the negotiations of Baghdad and Washington on the removal of US forces from Iraq are continuing according to the data and assurances of the Prime Minister's Office, and we do not believe that they will end within a year if we know that the closure of the headquarters of the United Nations mission will take two years, let alone with large forces on the ground and have communication with joint operations."

He added that "the removal of US forces will take two years or more, but in any case the government is serious in this regard and is continuing its negotiations by a higher committee for coordination, pointing out that what strengthens Baghdad's position in the negotiations is the ability of its forces to hold the reins of the border and internal security file and succeed in confronting terrorism and dismantling its cells."

Al-Rudaini pointed out that "the removal of US forces cannot be overnight, and negotiations will determine the time limit, but it is certain that Baghdad's decision in this direction is past and it is serious at the same time."

Prime Minister Mohamed Shia al-Sudani stressed on Tuesday (June 4, 2024) that the UN Security Council's decision to end the work of the UNAMI mission in Iraq does not mean a break with the United Nations.

A statement by the Prime Minister's Information Office said that the recent Security Council decision to end the work of the UNAMI mission in Iraq came at the request of Iraq, indicating that it represents international recognition of the progress made in the Iraqi arena.

He added that the termination of UNAMI's work does not mean a break with the United Nations and specialized international agencies, noting that international organizations have reached a positive performance evaluation for Iraq that supports stability.

The UN Security Council unanimously decided, on Friday (May 31, 2024), to terminate the United Nations Mission in Iraq (UNAMI) at the request of Baghdad, and to have the date of withdrawal by the end of 2025, after its presence in Baghdad for more than 20 years

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  The third phase of the monetary reform is being introduced...There are 7 parts to Phase 3... Article:  "They published the text of the third strategic plan of the Central Bank of Iraq on their financial reform"  Quote:  "...include the ability to issue medium and long-term securities... increase gold reserves and offer new issuance of high quality currency."  It doesn't get any better than that...

Militia Man   Article: "News publishes the text of the third strategic plan of the Central Bank of Iraq"  Here's the powerful stuff.  Quote: "...ability to issue medium or long-term securities, the transition from the platform to the banks...the increase of gold reserves, the introduction of new issuance of the high quality currency, the automation of monetary process..."  This speech that Alaq has done will be one to remember...He will be likely showing us something very soon...For Allaq to be talking about the issuance of a new high quality currency is awesome!  It's huge.  Especially when he uses the word 'issuance'.  It means it's coming or it's about to be released...It's phenomenal.  It's looking very good.  It sounds like they're about to issue new money.  

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Debt Crisis Reaches ‘Place Of No Return’, Fed Has Only One Option | Peter Grosskopf

David Lin:  6-8-2024

Peter Grosskopf, Chairman of Argo Digital Gold and former CEO of Sprott Inc., discusses the critical situation of America's debt crisis, and why the Fed "needs" inflation.

0:00 - Intro

0:55 - Rate cuts

2:26 - Scariest chart in America

4:53 - Gold demand net inflows

 7:20 - India repatriating gold

9:35 - Gold price direction

13:04 - Fractional gold

15:30 - Argo Digital Gold

 20:00 - Tokenizing assets

22:36 - Argo Gold vs ETF

25:11 - Argo Gold's next steps

https://www.youtube.com/watch?v=z6PIAjh4wew

“Tidbits From TNT” Saturday 6-8-2024

TNT:

CandyKisses:  The Office of the Supreme Reference determines the first day of Dhu al-Hijjah and the first day of Eid al-Adha

Information / Baghdad

The office of the Supreme Reference, Mr. Ali al-Sistani, announced today, Friday, that tomorrow, Saturday, is the first day of the month of Dhu al-Hijjah.

The office set Monday 17/6, the first day of Eid al-Adha

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Spec1:  Dhu al-Hijjah is the twelfth and final month in the Islamic calendar. It holds special significance for Muslims worldwide:

Hajj: During this month, Muslim pilgrims from around the world gather in Mecca to perform the Hajj (Pilgrimage). The Hajj rites begin on the eighth day and continue for four or five days.
Eid al-Adha: Also known as the “Festival of the Sacrifice,” Eid al-Adha begins on the tenth day of Dhu al-Hijjah and ends on the thirteenth day. It commemorates the willingness of Ibrahim (Abraham) to sacrifice his son Isma’il (Ishmael) for Allah.

Sacred Days: The first nine days of Dhu al-Hijjah are considered sacred. Muslims engage in acts of worship, including extra charity (Sadaqah), better prayers (Salaah), and recitation of the Qur’an.

Remember that Dhu al-Hijjah migrates throughout the seasons due to the lunar calendar. Its significance lies in the Hajj and the observance of Eid al-Adha
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During Dhu al-Hijjah, countries do not typically close down entirely. However, there are specific events and observances associated with this month:

Hajj Pilgrimage: Dhu al-Hijjah is the month when the Hajj pilgrimage takes place in Mecca, Saudi Arabia. Millions of Muslims from around the world participate in this annual pilgrimage.
Eid al-Adha: On the 10th day of Dhu al-Hijjah, Muslims celebrate Eid al-Adha (the Festival of Sacrifice).

It’s a significant holiday marked by communal prayers, feasting, and acts of charity.
Arafat Day: The ninth day of Dhu al-Hijjah, known as Arafat Day, is a key part of Hajj. Pilgrims gather at Mount Arafat for prayers and reflection.
While there are no widespread closures during the entire month, specific religious and cultural activities occur

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Tishwash:  Sudani arrives in Maysan to inaugurate projects

Shafaq News / Iraqi Prime Minister Mohammed Shia Sudanese arrived, Saturday morning, to Maysan province, south of the country.

His media office said in a statement, received by Shafaq News, that Al-Sudani inaugurated the associated gas processing project in the Halfaya field in Maysan province with a capacity of 300 million standard cubic feet / day.

On Saturday, Sudani is scheduled to visit the southern provinces of Maysan and Basra to inaugurate a number of oil projects, a government source told Shafaq News.

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CandyKisses:  Tomorrow.. Tripartite meeting between the Ministries of Federal Oil and Natural Resources in the Region and oil companies

 Baghdad / Nina / Sources in the oil companies operating in the Kurdistan region revealed that a tripartite meeting will be held tomorrow, Sunday, between the ministries of federal oil and natural resources in the region, and oil companies, to discuss the resumption of the export of oil in the Kurdistan region via the pipeline to Turkey.

A senior official in one of the oil companies operating in the Kurdistan Region told the Kurdish Rudaw Media Network on Saturday: "The oil companies have comments on the conditions of the Iraqi government to resume exports."

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Baghdad praises its financial budget and confirms: We have important projects in 2024

Economy News - Baghdad

Baghdad Governor Abdul Muttalib al-Alawi announced on Friday a package of projects in various sectors within the budget for the current year 2024, while stressing that the province's allocations in the budget were good.

Al-Alawi said that "the financial allocations for Baghdad province within the budget for the current year 2024 are good," explaining that "the government and the parliamentary finance committee have an understanding and knowledge of the real needs and resources required in Baghdad."

"There is continuous communication with the government to meet the special needs required for the projects that will be implemented," he said.

He pointed out that "the province has several important projects during the 2024 budget, including projects in the water sector, the construction of schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, paving main roads, strategic sewage projects at the four entrances to the capital, in addition to almost completed hospitals that will open soon, health centers and strategic water projects."

"All project packages will be placed on the list of priorities of Baghdad province in stages of implementation, whether within the 2023 budget or the 2024 budget," he said.

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Mot I Finded Such Happy Things on da Net I Do!!! 

Mot:  ...... Have a Very 

News, Rumors and Opinions Saturday AM 6-8-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 8 June 2024

Compiled Sat. 8 June 2024 12:01 am EST by Judy Byington

On Sun. 9 June 2024 Petrodollar Contracts expire and according to Janet Yellen, the US Government runs out of money, while 63 US banks will be declared insolvent, though the National Debt was strangely wiped out to zero on Fri. 7 June 2024.

Global Currency Reset: Rumors/Opinions

Fri. 7 June 2024 Wolverine: “Confirmation 100% that Brazil has started. Get ready for Reno on Mon. 10 June 2024.”

Fri. 7 June 2024 TNT Call: “The Iraqi budget is supposed to be recorded in the Gazette tomorrow Sat. 8 June, and the rate should appear by Sunday 9 June. The banks received instructions yesterday Thurs. 6 June.”

~~~~~~~~~~~~

Fri. 7 June Bank Issues:

BIG US Bank issue right now. AI has taken over the bank by internally overwriting internal loops and has locked out all permissions for anyone to unlock. Now they are afraid that money transfers are going to carry the AI to other banks like a virus.

A woman who is high up in US Bank said, “Bank employees took all their own money out this morning and everybody is being asked not to do electronic transfers of funds.”

TonyaK: “My husband is at the bank now. His payroll check and others from the EACS District are still in a pending status. The payroll is always deposited on Thursday. They are not wanting to release his money. He also has a huge check that was deposited nearly two weeks ago from the sale of a house and they show the money in his account but are refusing to release it. Something is going on.”

~~~~~~~~~~

Global Financial Crisis:

Fri. 7 June Goldilocks on the Digital Currency Project Announcement: Saudi Arabia joins China and UAE in digital currency project. The kingdom is joining the Switzerland-based Bank for International Settlements’ central bank digital currency platform.” Saudi Arabia is the latest country to join this multi-country initiative utilizing wCBDC as a form of payment. This announcement came on Wednesday as Saudi Arabia joined Project mBridge as a “full participant.”

This means that Saudi Arabia will be moving to a wCBDC payment regimen joining many countries in the Eastern half of our world in payments through local currencies. This will significantly minimize the use of the Petro Dollar if not completely over time. Currently, Saudi Arabia still services the United States along with China who uses the Petro Yuan to trade in oil agreements.

This will level the playing field a great deal in the use of currencies moving from a Petro Dollar regimen to wCBDC payment source. Remember, well over 80% of trade around the world is done on the water where exchange rate quotas and percentages are currently under pressure from new demands on local currencies to begin looking at resetting their prices.

WATCH THE WATER. © Goldilocks  https://www.al-monitor.com/originals/2024/06/saudi-arabia-joins-china-and-uae-digital-currency-project#ixzz8cNJfiONL   https://www.state.gov/u-s-relations-with-saudi-arabia/#:~:text=The%20United%20States%20is%20Saudi,oil%20to%20the%20U.S.%20market.

Fri. 7 June 2024 BRICS Nations join BIS, Banking System in Collapse: https://beforeitsnews.com/economy/2024/06/financial-system-alert-brics-nations-join-the-bis-seeking-a-digital-currency-banking-system-in-collapse-were-watching-the-system-come-apart-by-design-greg-mannarino-3112892.html

Read full post here:  https://dinarchronicles.com/2024/06/08/restored-republic-via-a-gcr-update-as-of-june-8-2024/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Deepwoodz  They aren’t kicking the can. No one wants to approve the budget at 1300. That’s already been done. This vote has more than just some additions to it.  It’s an opportunity for everyone to be on the same page. The PM, the COM, the Parliament, and the CBI. The status quo is no longer an option. It’s almost time for the big reveal. Can’t you feel it?

Mnt Goat   As June is rolling on….  We have waited for this month for a long time to come. This month I believe is going to be a critical month for us investors...I had a very interesting conversation...call to Iraq. I was told by the committee that all is geared up for the Project to Delete the Zeros...I was told that if they can retain the stability between the Parallel Market rate and the Official CBI rate of the dollar that we could see the next “official” rate change that we have been waiting for some time in JUNE...WOW! ...Nothing is certain on any dates because it is all dependent on the market and what it brings. They cannot predict this. But...my contact in the CBI did sound optimistic and that something BIG could or is about to happen and happen much sooner than later...

************

ALERT! BRICS Nations Join The BIS, Seeking A DIGITAL CURRENCY!   Banking System IN COLLAPSE.

Greg Mannarino:

https://www.youtube.com/watch?v=-ZaaS6JxcZ8

The FED Admits the TRUTH, You Better Get Ready For This

Atlantis Report:  6-8-2024

The Federal Reserve has been dropping hints about a major decision that’s coming. Here's what's happening: the FED finally admits the truth on their plan for lowering interest rates.

That's right, they're considering making borrowing money easier. But why? And what does this mean for us? The Federal Reserve has recently made some significant admissions that are sending ripples through the financial world.

 The Federal Reserve governors are expressing concerns about inflation and interest rates. They are considering lowering interest rates due to worries about prolonged inflation.

This is based on recent data from the Fed's meetings and market expectations.

https://www.youtube.com/watch?v=guJaSxyxORg

Goldilocks' Comments and Global Economic News Friday Evening 6-7-24

Goldilocks' Comments and Global Economic News Friday Evening 6-7-24

Good Evening Dinar Recaps,

Family Office Update: Exchange Act Form 13F – New Requirements Effective July 1, 2024

In a nutshell, Section 13(f) requires any “institutional  investment manager” that exercises investment discretion  over the accounts of any other person holding “section  13(f) securities”3 with an aggregate fair market value of at least US$100 million to make certain periodic filings with  the Securities and Exchange Commission (SEC) on Form  13F. Section 13(f) applies to all “institutional investment   managers,” regardless of whether they are registered as  investment advisers under the Advisers Act.

Therefore,  a family office, even if it is not required to register under  the Advisers Act, may nevertheless be an “institutional  investment manager” for purposes of Section 13(f), and  therefore be required to make filings on Form 13F.

Reporting obligation that will become effective on July 1,  2024. Each Form 13F filer will now be required to make an  annual filing on Form N-PX to disclose its votes on any pay-related proposals presented to stockholders by the public  companies in its investment portfolio.

Although Form 13F only requires reporting in respect  of “section 13(f) securities” (as identified on the SEC’s  quarterly Form 13F List), Form N-PX reporting is not limited to  securities on that list, but it applies to pay-related votes cast on  all securities registered under Section 12 of the Exchange Act.

Family offices that are required to file Form 13F will need  to develop procedures to identify and keep a record of any  pay-related proposals that are presented at their portfolio  companies’ stockholder meetings – and how they cast their  votes – so that they will be able to make accurate and timely  filings of Form N-PX, which must be made annually by August  31 of each year, covering the filer’s say-on-pay voting record  9+ for the 12-month period ended June 30.

Form N-PX filings will be available to the public through the SEC’s website.  Squire Patton Boggs  SEC

~~~~~~~~~

Model Portfolios by J.P. Morgan. | J P Mprgan

Asset Managers will play a larger role in the new banking system offering you new opportunities going forward.

Several portfolio options have changed that include Digital Asset opportunities explored and powered by artificial intelligence guidance.

Many of our new portfolios will include artificial intelligence guidance that outlines a path forward for investors depending on their personal needs.

The ability to invest in Quantum Technologies will offer higher yield percentage rates for those who invest in the new technical sciences.

Digital Asset opportunities that move through the market/banking system will be available for those who want to use the new and improved updated tokenized asset market to invest in Bitcoin and other assets without the responsibility of holding the coins themselves.

The new banking system is run off of a Digital Ledger Technological System. Because of these changes, artificial intelligence will play a larger role in the banking system than before. You may see less workers in a bank and more personal wealth managers known as relationship managers.

It is important for us to know and be known by our relationship managers in the banking system going forward to receive personal guidance that we once received in other ways in the past.

© Goldilocks

~~~~~~~~~

IBM and Pasqal Initiate Collaboration to Define Classical-Quantum Integration for Quantum-Centric Supercomputers |  The Quantum Insider

IBM and Pasqal announced their intent to partner to develop a common approach to quantum-centric supercomputing.

The teams will also promote application research in chemistry and materials science.

The two companies share the vision for a common approach to integration based on open-source software and involvement in the technical community.

~~~~~~~~~

Quantum startup Pasqal partners with US competitor IBM to develop ‘quantum-centric supercomputing’  |  Sifted

"Paris-based quantum computing startup Pasqal is joining forces with US tech giant IBM to work on technologies that combine the capabilities of quantum and conventional computers.

The two companies are usually portrayed as competitors: Pasqal is one of Europe’s best-funded startups building quantum computers, while IBM has poured billions into the technology and is considered a leader in the sector. 

But they are now set to collaborate to develop what is known as ‘quantum-centric supercomputing’ — a term coined by IBM to describe the integration of quantum and conventional computations within a single workflow to make the most of what each technology is best at."

In other words, traditional computers of the past are joining forces with the quantum computers of the future. You could say that the computer industry is getting an upgrade.

It is very similar to what is happening inside the new Digital Financial System. Traditional Banking is being upgraded into a new Digital Asset Based Trading System.

It is amazing how our lives are changing so rapidly at this point. The movement into a technological creative age has just begun.

© Goldilocks

~~~~~~~~~

IOTA has launched its L2 EVM network focusing on real-world asset usage | CoinJournal

IOTA launches layer 2 EVM or Ethereum Virtual Machine network, integrating real-world assets and boosting DeFi.

The newly launched EVM network features smart contracts, cross-chain capabilities, and MEV or Price manipulation protection."

IOTA is the first distributed ledger built for the “Internet of Everything.” it is a network for exchanging value and data between humans and machines.

This digital network exchanges value assets on just about anything you can think of that is tokenized. This includes just about any goods and services products you can think of going forward.

Iota is the backbone of Web 3 decentralized transactions. It records data transfers on items of value between institutions and people.

This network is designed to build digital trust between monetary transactions in the new technological age.

© Goldilocks

~~~~~~~~~

Technology and Gold are merging together forming new alliances/digital networks that move money electronically enabling standard digital protocols for tokenized assets and their payment systems governed by artificial intelligence.

© Goldilocks

~~~~~~~~~

Institutional Investor: Who They Are and How They Invest | Investopedia

An institutional investor is a company or organization that invests money on behalf of clients or members.

Hedge funds, mutual funds, and endowments are examples of institutional investors.

Institutional investors are considered savvier than the average investor and are often subject to less regulatory oversight.

The buying and selling of large positions by institutional investors can create supply and demand imbalances that result in sudden price moves in stocks, bonds, or other assets.

Institutional investors are the big fish on Wall Street.

~~~~~~~~~

Bretton Woods Project IMF Reforms Announcement | Bretton Woods Project

After long awaited negotiations, the IMF concluded its 16th General Review of Quotas with no meaningful reform to shift the balance of power in favour of emerging economies to ensure a more accurate representation of countries in the global economy. 

This reform agenda would include the following points:

* Reform of conditionality to make it more flexible;

* A reduction in the costly surcharges applied to large and longer-term lending;

* A bolstering of concessional financing for low-income members;

* An increase in the overall resources available to the Fund by making the future roll-back of borrowing lower than the quota increase approved in December 2023;

* A higher proportion of basic votes to increase the voting power of smaller nations;

* A third chair for Sub-Saharan African countries in the executive board;

* A fifth deputy managing director position to ensure a greater presence of middle- and low-income in the IMF’s administration.

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#VinceLanci : #BRICS mBridge Platform Goes Live | Youtube

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LIVE: White House Riot fences going up late in the evening. | Youtube

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~~~~~~~~~

XLM, XRP, and XDC are utility tokens. Utility tokens are backed by a physical asset.  

10 cents, 49 cents, and 3 cents a coin are not bad prices for precious metals.  😉

© Goldilocks

~~~~~~~~~

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Thank you Dinar Recaps

More News, Rumors and Opinions Friday Afternoon 6-7-2024

Ariel :what’s happening

Anyway aside from this whatever news we have something noteworthy coming up. The end of the Petrodollar on June 9th. Which means the chickens will come home to roost. Because all transactions will be dealt with through oil contracts in national currency. 

This will empower Iraq to denominate all contracts or trade deals in their currency. Which will raise the value significantly. Remember once we are officially on the gild standard the National Dept will be on the fiat USD. 

Not the new US Treasury Bills. But even without that we still have 45 states that made gold/silver legal tender exempt from any taxes. This is documented.

So whatever is going on with the National Debt will be for the old regime. That's not our money. We will phase those old Federal Reserve notes out for new currency eventually.

*************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  Article:  "The Iraqi budget is moving toward 'publishing and disbursing' without presidential approval"  There is no need for the President to approve the budget schedules, as the Budget law was passed in June 2023. When it was approved then it allowed for the Government to amend the budget. The HoR gets to distribute the operational and investment expenses, allocations, and financial dues to ministries, institutions, bodies and government agencies in addition to disbursing to the governorates' dues that are specified in the budget tables.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Television is showing Sudani is asking questions about 57 trillion that was left over from the '23 budget and nobody seems to know where this money is...There is no end to the corruption.  Obviously, our leader Sudani is protecting the monetary reform by not exposing the new exchange rate to these bad people.  FRANK:  57 trillion dinars is missing from the budget of '23?  ...Let's pray that he can find that money because if I was Sudani I'm not going to release any exchange rate.  I'm not going to do anything with the contracts.

************

KTFA:

Carey:  The 57 trillion missing does not bother me. Sudani is a very smart man and I believe he has known about this for some while. And I am not concerned about this
happening again due to the banking reforms and electronic payment structure in place. Every dinar will be accounted for going forward.

But I believe he made it public to let them (parliament) know that he (Sudani) knows what's been going on and that he will hold them accountable for what has taken place. I am still very excited about what is happening.

************

Clare: Baghdad praises its financial budget and confirms: We have important projects in 2024

6/6/2024    Baghdad

Today, Friday, the Governor of Baghdad, Abdul Muttalib Al-Alawi, announced a package of projects in various sectors within the budget for the current year 2024, while confirming that the governorate’s allocations in the budget were good.

Al-Alawi said, “The financial allocations to Baghdad Governorate within the current year’s budget, 2024, are good,” explaining that “the government and the Parliamentary Finance Committee have an understanding and knowledge of the real needs and required resources in Baghdad.”

He added, "There is continuous communication with the government to meet the special needs required for the projects that will be implemented."

He pointed out that "the governorate has several important projects during the 2024 budget, including projects in the water sector and building schools and roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, the paving of main roads, and strategic projects for sewers at the four entrances to the capital, in addition to the almost completed hospitals, which are “Health centers and strategic water projects will be opened soon.”

He stressed that "all project packages will be placed on the list of priorities of Baghdad Governorate in stages of implementation, whether within last year's 2023 budget or in the 2024 budget."   LINK

************

Saudi Arabia Joins China-Led Digital Currency System As Russia Welcomes Turkey To BRICS

Dean Foo:  6-7-2024

In a big update, Saudi Arabia just joined the BIS & China's new digital currency project, mBridge.

This is a signal that de-dollarization is accelerating and a new financial system outside the West is building fast.

Meanwhile, Russia is welcoming Turkey's desire to join BRICS. This is historic because a NATO member wants to join the Global South, another big risk to the dollar

 Here's what you must know.

Timestamps & Chapters:

0:00 Saudi Joins China's Currency System

3:01 A New Financial System Rising

 5:39 China's Anti-Dollar Strategy

 8:40 Turkey Wants To Join BRICS

 11:08 De-Dollarization Escalates

https://www.youtube.com/watch?v=xOfW2M8maIg

The Financial Reset Feat. Bill Holter

The Financial Reset Feat. Bill Holter - LFTV Ep 176

Kinesis Money:  6-7-2024

In this week’s episode of Live from the Vault Andrew Maguire is joined by popular returning guest Bill Holter, former stockbroker and branch manager turned precious metals expert and Miles Franklin contributor.

The old friends discuss the shadowy movements operating behind the scenes to reset the world’s financial system, and how individuals can take steps to protect themselves and their families from coming troubles.

Timestamps

 00:00  Start

 02:35  How Bill is preparing himself for the future

 06:45 What’s been going wrong for the Fed since 2008

11:10 The BRICS Alliance threat to the globalist agenda

 16:50 The upcoming US election

20:45 Is the West pushing for World War 3?

25:30 How to take responsibility for ourselves in these times

 30:00 The Sound Money Movement

 34:30 Silver leading the rally

 40:45 Are there still opportunities for people? Yes

 43:00 What about Bitcoin?

https://www.youtube.com/watch?v=w_5A3BdUbQQ

News, Rumors and Opinions Friday AM 6-7-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 7 June 2024

Compiled Fri. 7 June 2024 12:01 am EST by Judy Byington

Timing: (Rumors and Opinions)

On Fri. 7 June 2024 the US Government ran out of money and declared 63 banks insolvent according to Janet Yellen. Meanwhile on the Global Currency Reset front, Bonds started becoming liquid.

On Sat. 8 June 2024 the new International Dinar Rate will be official as it is published in the Iraqi Gazette and announced in the Mosques – which will officially begin the Global Currency Reset of 209 countries.

Sun. 9 June 2024 look for a Black Swan Event as the Petrodollar ends = collapse of the Global Financial System. …The 17th Letter (JFK Jr.) and JFK Jr. Official on Telegram https://t.me/jfk_jr_officialchannel On that same Sun. 9 June RV funds for Bond Holders and Tier4b (us, the Internet Group) will be moving into place.

On Mon. 10 June Bond Holders and Tier4b can have access to their funds, with Tier4b appointments beginning as early as Monday afternoon.

On Sat. 15 June Banks not Basel 3 Compliant will be officially closed.

~~~~~~~~~~~~

Global Currency Reset: (Rumors and Opinions)

Thurs. 6 June 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#:

Iraq should publish their new Dinar Rate in their Gazette on Sat. 8 June 2024.

On Sat June 8 the RV should  start.

Bond Holder and Tier4b funds should  be moving on Sun. 9 June.

Notifications for Tier4b could come out Sun. night or Mon. morning.

Bond Holders and Tier4b can have access to funds on Mon. 10 June morning by 10:30 am.

Tier4b appointments could begin Mon. afternoon 10 June.

Rates are still climbing. There is a limit on Dinar Contract Rates and you can ask for that Contract Rate.

You can possibly  negotiate the Vietnamese Dong rate.

~~~~~~~~~~~~~

Thurs. 6 June 2024 Wolverine: “Confirmed: Brazil started Thurs. 6 June 2024. On Wed. 5 June the shotgun was fired, authorizing the liquidity of the bond payments of the CMKX operation that opened the RV/GCR. San Paulo started to release funds on Wed. 5 June afternoon. Reno said we were to get those notifications by Fri. 7 June.

~~~~~~~~~~~~~~

Global Financial Crisis:

Thurs. 6 June 2024: ALERT! The $350,000 Gamble: Forecasting a Fortune! Robert Kiyosaki’s Audacious $350,000 Bitcoin Prediction Amid Economic Chaos – American Media Group (amg-news.com)

Thurs. 6 June 2024 Australia: “How can you go to a bank and not be able to get your own money out?” As part of the globalist agenda to roll out CBDCs, Australian banks are refusing to allow customers to make cash withdrawals. Coming to the rest of the West soon, unless you resist.

Read full post here: https://dinarchronicles.com/2024/06/07/restored-republic-via-a-gcr-update-as-of-june-7-2024/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Walkingstick  [Iraqi bank friend Aki - highest level banking meeting update]  Sudani is putting contracts in place to be implement inside of Iraq.  Sudani has been doing this with thousands of contracts. "In the coming days" is what they told us that these contracts will be fulfilled in IQDs for most of the budget's projects...Those contracts will be fulfilled for their value but paid in IQD's only.

Deepwoodz  They’ve changed the rate without budgets before. No reason they can’t do it at will. To start the float.  The key here is the size of the budget and the international standards being applied along with the upgraded banking systems.  They have a plan. Watch em work it. They appear to be pushing hard in the right direction.

************

FDIC: 63 Banks on the Brink of Collapse but the Problem is MUCH LARGER

Taylor Kenny:  6-6-2024

n this week’s news, the FDIC reports over half a trillion dollars in unrealized losses within the US banking system, with 63 banks on the brink of insolvency.

Taylor Kenney dives into the implications of this alarming development to discuss what it means for the future of your deposits and the economy.

https://www.youtube.com/watch?v=c62QbkYb_Y4

“Tidbits From TNT” Friday Morning 6-7-2024

TNT:

CandyKissses:  Integrity reveals moves to recover two of those involved in the theft of the century

Baghdad - Iraq Today:

The head of the Federal Integrity Commission, Haider Hanoun, confirmed the move to recover two of those accused of stealing the century from one of the countries, involved in stealing more than 3 trillion dinars.

Hanoun said in a press statement: "The case of theft of tax trusts, currently in the possession of the Anti-Corruption Investigation Court, the Anti-Corruption Criminal Investigation Office," indicating that "the entire case is with the judiciary."

He added, "The Commission of Integrity has an important development is to work to recover two of the accused in the crime of stealing tax trusts from one of the countries," noting that "when we found opposition measures and the delay of work we asked the Prime Minister to intervene in the matter, and he is seeking great effort to recover the fugitive defendants in the case of theft of the century."

He pointed out that "one of the defendants stole 2.6 trillion dinars, and the other 500 billion dinars, and when we can recover them, we will announce them and it will be a strengthened victory for this case; so that the judiciary can issue its speedy and fair verdict in the case, which will be considered a great victory over corruption."

**************

CandyKisses:  Deputy: Hidden hands working to prevent the rise of Iraq

Baghdad - Iraq Today:

Independent MP Kazem al-Touki confirmed that there are hidden hands trying to prevent Iraq from rising, commenting on the incidents of targeting restaurants and a number of brands in Baghdad.

Al-Toki said in a press interview that "Iraq has allocated sovereign amounts to guarantee foreign funds for investors and signed a number of agreements with international countries in order to secure funds in order to advance the economy."

"The development of the economy cannot take place without internal security, especially with regard to oil licensing rounds, as we have noticed the reluctance of a number of large international companies to enter into these rounds," he said.

"We have great confidence in the government of Prime Minister Mohamed Shia al-Sudani and Interior Minister Abdul Amir al-Shammari in following up on the issue of attacks on restaurants and brands," al-Touki said, noting that "there is a personal interference from them in this matter."

He explained that "all countries of the world are witnessing this kind of acts, but the situation of Iraq is somewhat different because security issues affect its economy," stressing that "there are hidden hands trying to prevent Iraq from rising."

************

CandyKisses:  The framework settles the controversy: Al-Issawi as Speaker of Parliament

Baghdad - Iraq Today:

The coordination framework, which includes Shiite political forces except the Sadrist movement, confirmed that the defection of a group of Taqadam deputies will speed up the election of the speaker of the House of Representatives in the coming days.

The MP for the framework Salem Al-Anbaki in a press interview, that "the defection of a group of deputies of the Progress Party lost the right to claim the representation of the Sunni parliamentary majority, and the majority has become clear to the other party, which between its cohesion and fixed deputies within the alliance of sovereignty, determination and decisiveness, and now has become with them part of the deputies of progress."

Al-Anbaki said that "the process of defection of deputies will accelerate the process of electing the speaker of the Iraqi Council of Representatives and progress can not object because he does not have any parliamentary majority, unlike the Sunni party opposed to him, and this means that Salem Issawi came closer to the position of speaker of parliament and will be elected by an absolute parliamentary majority after the Eid al-Adha holiday."

Eleven members of the Iraqi parliament and members of provincial councils announced their defection from the Taqaddam bloc headed by Mohammed al-Halbousi and the establishment of a political front called the "Initiative" bloc.

************

CcandyKisses:  After the assurances of OPEC Plus Oil prices rebound

BAGHDAD (Reuters) - Oil prices rose on Friday as assurances from OPEC Plus members Saudi Arabia and Russia indicated they were ready to halt or cancel production increases, but markets are heading for losses for the third week in a row.

Brent crude futures climbed two years to $79.89 a barrel, and U.S. West Texas Intermediate crude futures added four cents to $75.59.

Prices rose on Thursday when Saudi Arabia and Russia tried to reassure markets about production deals, but oil is on track to post losses for a third straight week.

The Organization of the Petroleum Exporting Countries and its allies, including Russia, have agreed to extend most output cuts until 2025, but have left open to eight members to phase out the voluntary cuts.

Saudi Energy Minister Prince Abdulaziz bin Salman said on Thursday that the OPEC+ alliance could halt or cancel production increases if it found the market was not strong enough. 

***********

Mot:  .. Say ! - Do You Have any Kids????

Mot: .... Ya Knows What They Says - What Goes aRound - Comes Around! 

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-6-24

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-6-24

Good Evening Dinar Recaps,

Digital Currency Project Announcement:

Saudi Arabia joins China and UAE in digital currency project. The kingdom is joining the Switzerland-based Bank for International Settlements' central bank digital currency platform."

Saudi Arabia is the latest country to join this multi-country initiative utilizing wCBDC as a form of payment.

This announcement came on Wednesday as Saudi Arabia joined Project mBridge as a “full participant.” This means that Saudi Arabia will be moving to a wCBDC payment regimen joining many countries in the Eastern half of our world in payments through local currencies.

This will significantly minimize the use of the Petro Dollar if not completely over time. Currently, Saudi Arabia still services the United States along with China who uses the Petro Yuan to trade in oil agreements.

This will level the playing field a great deal in the use of currencies moving from a Petro Dollar regimen to wCBDC payment source. Remember, well over 80% of trade around the world is done on the water where exchange rate quotas and percentages are currently under pressure from new demands on local currencies to begin looking at resetting their prices.  Al-Monitor   State Gov

WATCH THE WATER.

© Goldilocks  

👆  Goldilocks pointed to this article

~~~~~~~~~

The word is on the street and in the back rooms of the trading markets that the US may not lower interest rates until just before the election. We will see if we can wait that long.

The surrounding countries we trade with will put significant pressure on the dollar if we do not make this monetary policy change ourselves. It is important to note that these recent changes may not be permanent anyway, but it will give some breathing room for countries who need an opportunity to gather in more loans as we approach a Gold Standard Regimen.

Holding interest rates at higher levels will strengthen currencies as we approach a Gold Standard support system. Many countries are already making this shift into gold gradually, but the pace may soon pick up.

When you combine strong technical fundamentals with a real value through gold, it creates new movement in the opposite direction we are going at the present time.

Unless things change for the European Union, they are still planning on going to a Gold Standard Protocol January 1st, 2025. Countries will begin following suit in the process between now and then in preparing their countries for this change.

Gold will set us free!

© Goldilocks

~~~~~~~~~

Silver Technical Scoop: Precious Benefit, Market Divergences | SilverSeek

Gold and silver have been taking a divergent path as of late, and it may do so until the end of July. This is normal, but the timing of this is impeccable.

A great deal of attention will be placed on transitioning this economy into digital assets. Gold and silver will have competitive asset classes to draw from these next two months, but they will merge together as the year goes on complimenting one another.

The merging of the traditional economy into a gold standard protocol through digital assets is the next move. Look for credit valuation judgments along the way to form new patterns of behavior on Market structures as they correlate their prices into a real value.

© Goldilocks

~~~~~~~~~

ISO 20022 in bytes for payments: Supporting your CBPR+ readiness | Swift

Swift Announcement:

"The community continues to make steady progress with Global ISO 20022 adoption and with only 18 months to go until the end of coexistence, the daily average number of CBPR+ messages exchanged now exceeds one million.

At its March 2024 meeting, the Swift Board re-confirmed the community’s commitment to November 2025 as the end of the MT/ISO 20022 cross-border coexistence period, emphasizing that priority should be given to instruction messages to ensure operational continuity and ongoing interoperability."

This gives us ISO 20022 coverage through the Swift System until November 2025 when the Swift System gives way to the new digital messaging system.

Countries seeking to join the ISO 20022 messaging system have until November of 2025 to do so. Until then, Swift is extending itself as a bridge for countries needing to make this transition.

This does not mean that the transition of the new banking system has to wait until November 2025. It just means that the banking messaging system will be able to go ahead and transition as we wait for this date.

© Goldilocks

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Israel advances digital shekel initiative with new innovation challenge | Crypto Reporter

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Interest rates are likely headed down, at least in Europe | AP News

European Central Bank Announcement:

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate Thursday by a quarter point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs - a shift with far-reaching consequences for home buyers, savers and investors.

The ECB cut its benchmark rate to 3.75% from a record high of 4% at a meeting of the bank’s 26-member rate-setting council in Frankfurt.

The ECB said in a statement that “price pressures have weakened, and inflation expectations have declined at all horizons,” allowing it to start loosening credit.

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Bank of Canada cuts key interest rate to 4.75% | CBC News

The Bank of Canada announcement:

The Bank of Canada has lowered its key interest rate to 4.75 percent, marking the bank's first rate cut since March 2020.
Bank governor Tiff Macklem said in opening remarks that the bank's monetary policy no longer needs to be as restrictive.

"We've come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the two percent target has increased over recent months," Macklem said.

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SBV vows to fight Vietnam's goldization | SGGP English Edition

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Temenos and Mastercard join forces to expand cross-border payment capabilities through Mastercard Move | Morningstar

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The Unitas Protocol for emerging market currency stablecoin | Ledger Insights

Emerging Market Stablecoin Announcement:

Tether recently announced its funding of XREX, which targets emerging market trade payments. This spotlighted the Unitas Protocol for emerging market currency stablecoins, co-founded by Wayne Huang, XREX’s CEO.

Today stablecoins are dominated by dollars. It can be useful for SMEs to pay with local currencies as well. Hence, the aim is to provide stablecoins that match the unit of account in emerging economies.

The Unitas Protocol involves the issuance of individual currency stablecoins that are over-collateralized by US dollar stablecoins, a little reminiscent of MakerDAO’s DAI, but with some major differences.

While most fiat currency stablecoins are redeemable for the same currency, the Unitas Protocol aims to back emerging market currencies with US dollar stablecoins.

Provided Unitas gains traction, cryptocurrency exchanges will act as on- and off-ramps. Hence, even though a Unitas currency is redeemable for dollars, users may choose to exchange Unitas currencies directly for local currencies without necessarily needing to go the US dollar route. 

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Project mBridge reaches minimum viable product stage and invites further international participation | BIS

Private sector participants are invited to propose value-added solutions that can be connected to the mBridge MVP platform. 

More central banks and commercial banks can join the platform through the mBridge MVP legal framework and perform real transactions on it.

Project expands international cooperation with a new full member and observers.

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More details on Project Agorá—the plan to tokenize correspondent banking | CoinGeek

In April, the Bank for International Settlements (BIS) announced Project Agorá, a project in which seven central banks aim to transform cross-border payments via tokenization.

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Turning trash into a golden opportunity. | Youtube

👆 In the future, when someone says your house is a dump, there may be some truth to it. 😂

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Comparing IMF Economic Report to Iraq's Actual Plans | Youtube

👆  Goldilocks pointed to this video

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This report is showing us that the markets are contracting. | Youtube

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