News, Rumors and Opinions Tuesday AM 6-11-2024

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 Excerepts from the Restored Republic via a GCR: Update as of Tues. 11 June 2024

Compiled Tues. 11 June 2024 12:01 am EST by Judy Byington

Judy Note: Imminent Scare Events including a Global Financial Collapse were on the horizon. Be Prepared. It’s only wise to have at least a month’s supply of food, water, cash and essential Items on hand to help yourself and others in case of an emergency.

Stock Market Crash and Financial Meltdown. A stock market crash of unprecedented proportions will devastate economies, eroding wealth and stability.

There are plans of a new national Stock Exchange based in Dallas. Meanwhile there was also talk of Texas ceding from the Union to go as a Sovereign State.

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

Global Currency Reset:

Mon. 10 June 2024 Wolverine: “Hi guys I received an official announcement from the Pentecostal group that they will be shutting down all operations by Thurs. 10 June. We are definitely close my friends.”

Mon. 10 June 2024 MarkZ: “Many of my Bond people are expecting payment Tues or Wed. 11,12 June. Most sources say we will go within three days of when the Bonds go.”

Sun. 9 June 2024 Anon: “We learned from our call this afternoon that the PM of Iraq has announced that Iraq has revalued their currency and the rate is over $4.00. We expect to be at the bank by Mon. or Tues. – which may be too early because we have to wait 10 days after they announced the HCL (on June 3) according to today’s info. (which would take it to Thurs. 13 June).”

Mon. 10 June 2024 TNTina: “My daughter was blessed today when she logged into her account to pay her monthly payment on her college loan with FASFA and the remaining balance of $19,000 was zeroed out. My kids finally believe me now that NESARA/GESARA is real.”

Global Financial Crisis:

Feds Acknowledge Sanctions Led To De-Dollarization. BRICS: The Feds acknowledge that the White House pressing sanctions against developing countries led to de-dollarization.

Mon. 10 June 2024 There were 63 US Banks on the brink of insolvent collapse according to the FDIC.

US Congressman Thomas Massie says the world is going to stop using the US Dollar as the global reserve currency. https://t.me/USDebtClockAmerica

Utah Senator from Utah Mike Lee has introduced legislation to ‘End the Fed.’

Former Federal Reserve chairman, Alan Greenspan: “The U.S. can pay any debt it has because we can always print money to do that.” This is why your living costs continue to skyrocket every year. Endless money creation by central banks dilutes the value of the money already in circulation, forcing prices to rise.

Putin urges major expansion of Russian financial markets, cutting use of Western currencies, Economic Times https://m.economictimes.com/news/international/world-news/putin-urges-major-expansion-of-russian-financial-markets-cutting-use-of-western-currencies/articleshow/110800329.cms

Mon. 10 June 2024 Saudi Arabia partners with BRICS & attends meetings hosted in Russia.

Read full post here:   https://dinarchronicles.com/2024/06/11/restored-republic-via-a-gcr-update-as-of-june-11-2024/

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Sudani's making another speech...He said something very interesting.  My cousin caught it...Something very interesting before, he said the dinar will be stronger than the dollar.  FRANK:  That's right.  Remember? How many times have they been saying that over and over.  FIREFLY:  However, in today's talk he said to us Iraqi citizens the dinar is stronger than the dollar...

Militia Man  Article: "Iraq bids farewell to the list of high-risk countries"  We already heard talk about them going from a black list to a gray list.  Quote: "Iraq's exit from the list of high risk countries that was officially announced by the international task force last week...This step will will also make Iraq a destination and a source of interest for major International Development and investment companies."   Iraq is on the runway and ready to go, take off.

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

Real vs Fake | How to Spot The Fake Zimbabwe 100 Trillion Dollars Banknote

BankNote World :  6-8-2024

Fraudsters will attack any banknote or product where they think they can make money and get away with their crime. With the high collector value of the Zimbabwe 100 Trillion banknotes, counterfeiters have tried to produce and pass fake Zimbabwe 100 Trillion banknotes.

At BanknoteWorld not only do we ensure the authenticity of the banknotes we sell, we also scour the market to look for counterfeits so we can analyze them and provide guidance to collectors and law enforcement how to spot these fakes.

https://www.youtube.com/watch?v=pIzmxRpkO0A&t=4s

MAJOR DEVELOPMENT: Saudi Arabia Joins CBDC mBridge to End US Dollar Dominance? (THE TRUE REASONS)

Lena Petrova:  6-10-2024

https://www.youtube.com/watch?v=_hp6XohQtAM

John Williams: Saudi Arabia Cancels 50 Year Deal with the US

John Williams: Saudi Arabia Cancels 50 Year Deal with the US

June 10, 2024

In a recent episode of his YouTube channel ‘ThisIsJohnWilliams’, economic analyst John Williams discussed a seismic shift in the global financial landscape: Saudi Arabia’s cancellation of a 50-year-old deal with the USA, and the implications this could have for the future of the US dollar.

For those unaware, Saudi Arabia and the USA have been partners in the oil industry for over half a century. This partnership has been instrumental in maintaining the petrodollar system, where oil prices are quoted in US dollars, thereby supporting the global demand for the greenback.

However, as Williams discussed, this long-standing relationship appears to be on the brink of collapse. Saudi Arabia has recently signaled its intention to abandon the petrodollar system, instead looking to conduct its oil transactions in other currencies, such as the Chinese yuan.

This announcement has sent shockwaves through the financial world. The demise of the petrodollar system could lead to a significant decline in the demand for the US dollar, potentially causing a collapse in its value.

Moreover, Williams also highlighted the ongoing shift towards digital currencies. With countries like China already testing their digital yuan, the future of finance seems to be heading in a digital direction. The US, in order to maintain its financial dominance, needs to keep up with this trend and develop its own digital currency.

However, the US dollar’s status as the world’s reserve currency is not just about its dominance in the physical and digital world; it’s also about trust. And if the US continues to print money at an alarming rate, as it has been doing to cope with the economic impact of the COVID-19 pandemic, this trust could erode, further jeopardizing the dollar’s status.

So, what does this all mean for the average American? If the US dollar’s value were to decline significantly, the purchasing power of our savings and wages would also decrease. This could lead to increased inflation, making everyday items more expensive.

While these are unsettling prospects, it’s important to remember that these are potential outcomes, not certainties. The financial world is complex and ever-changing, and many factors could influence these outcomes.

John Williams’ discussion serves as a valuable reminder, though. We need to stay informed about the global financial landscape and consider how these changes could impact our personal finances. It may be time to start thinking about diversifying our savings, considering alternative investment options, and preparing for a potential shift in the value of the US dollar.

In conclusion, Saudi Arabia’s cancellation of its long-standing deal with the USA and the ongoing shift towards digital currencies could significantly impact the future of the US dollar. While these changes bring uncertainty, they also present opportunities for those who are prepared and informed. Let’s stay vigilant, stay informed, and stay ahead of the curve.

https://youtu.be/RDTKKLWqIZI

https://dinarchronicles.com/2024/06/10/john-williams-saudi-arabia-cancels-50-year-deal-with-the-us/

Goldilocks' Comments and Global Economic News Monday Afternoon 6-10-24

Goldilocks' Comments and Global Economic News Monday Afternoon 6-10-24

Good Evening Dinar Recaps,

"Core Banking Systems Market Now Well-Established, Cloud Infrastucture to Drive Innovation – Report" | Crowdfund Insider

Cloud banking infrastructure allows financial institutions to deliver banking services and operations through the internet on-demand. 

On Demand Banking allows you to deposit to and withdraw funds immediately and whenever you want.

This electronic digital banking model provides access to computing resources like servers, data storage, and applications.

The top five vendors in 2024 for this new digital banking service include:

* Temenos
* FIS
* Mambu
* Finastra
* Tata Consultancy Services

As we have previously noted, the Iraqi digital banking services are now live on Temenos.

A core banking system is like a nervous system is to the body. It transmits electrical signals to the various components of a banking system allowing it to operate seamlessly.

A core banking system is a back-end system that processes daily banking transactions and posts updates to accounts and other financial records. Crowdfund Insider

© Goldilocks

~~~~~~~~~

Foreign Exchange | Five Degrees

The Core Banking System is the foundation of our Global Financial Markets.

It enables seamless currency exchanges, and it is the part of the banking system that coordinates risk management tools and digital networks to move virtual assets through the new QFS system on a Global scale.

Cross-border international trading is made possible through this new digital banking system mechanism. It will allow foreign currency exchanges to move through the system.

The beauty of this new digital banking system that is the nuts and bolts of all transactions done in a bank lies in the fact that it is done.

© Goldilocks

~~~~~~~~~

China's New Investment Play: Shifting Away from US Treasuries to Global Opportunities" | MSN

"China has diversified its holdings by selling $53.3 billion worth of US Treasuries and agency bonds. This adjustment aligns with BRICS nations gradually broadening their investment portfolios since 2022."

China is moving away from buying US Treasuries to Global opportunities that will expand the Chinese Yuan and the BRICS Nations coalition.

This is all part of leveling the playing field from a World Reserve Currency to payments transacted in local currencies.

This shift will increase the demand for their own currency and make available higher exchange rates with China and whoever they trade with going forward.

© Goldilocks

~~~~~~~~~

As US Treasury bonds are being sold around the world, we have a growing interest in Stablecoin use case scenarios designed to minimize the risk factors of a falling monetary system as it embraces a new digital asset-based trading system.

© Goldilocks

👆 Soft landing potential for the dollar...

~~~~~~~~~

What is Core Banking System | Youtube

~~~~~~~~~

Dodd-Frank Final Rule Announcement |  Dodd-Frank Update

In a move to help accelerate a shift to open banking in the U.S., the Consumer Financial Protection Bureau finalized a rule outlining the qualifications an organization must demonstrate to be recognized as an industry standard-setting body to develop technical standards for protecting consumer data rights.

~~~~~~~~~

Managing Risk With Trade Compliance In Global Supply Chains - Global Trade Magazine

~~~~~~~~~

Leaving the US dollar behind, embracing digital currency | The Jerusalem Post 

~~~~~~~~~

📰  So … all kinds of activity out there … in other news …  Link

🔘Italy  🇮🇹
🔘Austria  
🔘European Parliament 🏰
🔘France  🇫🇷
🔘Belgium  🇧🇪
🔘Spain  🇪🇸
🔘Israel  
🔘Germany  🇩🇪

Italy - exit polls show right-wing party is set to win most seats
Austria - Right-Wing surge; Freedom Party takes the lead in recent election, narrowly outpacing the Conservative People’s Party
European Parliament - Marine Le Pen’s party is on target to become the largest single party in the parliament
France - French President Emmanuel Macron announced that he’s dissolving the National Assembly & calls for snap elections on June 30 & July 7
Belgium - The PM, Alexander De Croo, announced his resignation after the defeat of his party in the European elections. “Tomorrow I will resign as Prime Minister,” announced De Croo.
Spain - Spain’s center-right People’s Party (PP) came out on top in today’s European election, gaining 22 seats out of the 61 allocated to the country, and dealing a blow to the Socialist-led govt of Pedro Sanchez
Israel - 4 resignations in less than an hour: Benny Gantz, Gadi Eisenkot, Avi Rosenfeld, Hili Tropper (all resigned). Israel is crumbling from within - Netanyahu wanted to avoid this by doing the massacre yesterday
Germany - far-right gain in election stunning defeat to Germany’s Scholz

Seems things are heating up & technically Summer hasn’t started yet
🔥 🔥🔥 🔥🔥 🔥🔥

EDIT: can’t forget Germany 🇩🇪

~~~~~~~~~

iTrustCapital | The #1 Crypto IRA Retirement Platform | iTrustCapital

iTrustCapital is a software platform that allows users to buy and sell cryptocurrencies and precious metals through tax-advantaged retirement accounts. It's considered a leading digital asset IRA software platform and offers a selection of over 25 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. iTrustCapital also offers gold and silver. 

~~~~~~~~~

XRP Ledger Ready to Adopt Tokenized Gold, Silver in Q3, 2024 | U Today

~~~~~~~~~

ECB In Focus Webinar with Stuart J. Russell - AI: Concepts, Trends, and Coexistence | Youtube

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Monday 6-10-2024

TNT:

Tishwash:  Politician: American forces will remain in the military bases, with only their description changing

Political analyst Qasim Balshan said on Monday that American forces will not leave Iraqi territory and will remain in the camps while changing the capacity in which they are present inside Iraq.

Balshan told the Maalouma Agency, “There is no actual move to end the presence of American forces in military bases, and what will happen is to change the capacity in which these forces are present.”

He added, “The Sudanese visit to Washington did not involve an agreement with the American administration to withdraw its forces from Iraq, as there is no official request submitted by the Iraqi government to its American counterpart to withdraw its forces from military bases inside Iraq. "

He promised, “The talk about ending the American military presence will not be implemented on the ground, since the government did not approach the American administration in this regard.”    link

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

CandyKisses: China displaces European companies from Iraq's energy sector

The Iraqi government is setting increasing the country's oil reserves to more than 160 billion barrels, a strategic goal for the next stage, on a strong path to support its steps in terms of ongoing economic reforms, and support its ability to achieve sustainable development and improve its economic reality.

Iraq has high hopes for its crude oil exports, especially with the formation of more than 90 percent of the Iraqi budget revenues, which prompted it to launch a set of projects to increase production and open the way for investments in the field of oil and gas field exploration.

In this context, Chinese companies have emerged as a major player in the oil investment arena in Iraq, in contrast to the absence of American and European companies, through the acquisition of many new investments by a number of companies to explore oil and gas fields in Iraq, as part of the licensing round launched by the Ministry of Oil to develop the oil and gas sector in the country

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

CandyKisses: Saudi Arabia and America are putting the final touches to an unprecedented alliance. Surprise details revealed

Baghdad today - follow-up

American and Saudi officials said today, Sunday (June 9, 2024), that the administration of President Joe Biden is close to finalizing an unprecedented defense agreement with the Kingdom of Saudi Arabia, according to the American Wall Street Journal.

The newspaper reported that the Biden administration is about to finalize a treaty with Saudi Arabia, under which Washington commits to helping defend the Kingdom as part of a deal aimed at advancing diplomatic relations between Riyadh and Israel (normalization).

The potential deal, which has been widely debated between US and other officials for weeks, is part of a broader package that will include a civilian nuclear deal between Washington and Riyadh and steps toward Palestinian statehood and an end to the war in Gaza.

The newspaper quoted US and Saudi officials as saying that the draft treaty was modeled after the joint security agreement between the United States and Japan.

The draft treaty would give Washington the possibility to use Saudi territory and the kingdom's airspace to protect US interests and partners in the region in exchange for a US commitment to help defend Saudi Arabia in the event of an attack.

It quoted officials as saying the treaty was also aimed at strengthening ties between Riyadh and Washington by preventing China from building bases in the kingdom or continuing security cooperation with Riyadh.

Approval of the treaty, which the Wall Street Journal said would be called the Strategic Alliance Agreement, would require a two-thirds majority vote in the US Senate in favor, something that would be difficult to achieve unless the agreement provided for normalization of relations between Israel and the kingdom.

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

Tishwash:  International Monetary Fund mission: We expect growth in the Iraqi economy

The head of the International Monetary Fund mission in Iraq, Dr. Ghazi Shubaikat: There has been growth in the Iraqi economy in light of the reforms adopted by the government, at a time when he stressed that Iraq must work to achieve financial sustainability while having the elements to achieve this goal.

Al-Sabah met with the head of the mission and asked him the following questions:

*What does the Fund expect for the future of the Iraqi economy?
- The Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed seriousness from the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund, and this encourages the strengthening of cooperation in a way that serves the Iraqi economy, which is suffering. Chronic problems.
*
How does the Fund support the Iraqi economy and what is the source of support?
The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises affecting the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local context.

*What do you advise regarding reducing unemployment rates?
Iraq must focus on the labor market and create advantages in the private sector equivalent to what it obtains in the public sector, so that employment can be directed to the private sector, which must be activated within limits commensurate with Iraq’s economic capabilities.

*What does the Iraqi labor market need?
It is necessary to work on training and qualifying human resources in all specializations in light of the presence of human wealth that can be employed in a way that serves Iraq, with the need to create skilled labor in all sectors and in a way that is consistent with the government’s reform policy.

*In your opinion, where are the strengths in the economy?
- The private sector represents an economic force that can overcome challenges and gradually advance the national economy. It addresses many problems, especially since Iraq can achieve a diversity of revenues from sectors, some of which are distinguished by achieving sustainable revenues.

*What about the financial sector?
Competitiveness in the financial sector can create a solid financial sector with advanced services and safe and transparent money paths that support the economy and the stages of development it seeks and works to achieve, and reaches the most important goals of financial sustainability.   link

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

Mot: Must be Soooo - Cause it Says Sooooo 

Mot: .. Siiggghhhhhh -- getting to be a Habit it is!!!! 

News, Rumors and Opinions Monday AM 6-10-2024

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 Mon. 10 June 2024

Compiled Mon. 10 June 2024 12:01 am EST by Judy Byington

Sun. 9 June Rumor: Texas is leaving the Union to become a Sovereign State with it’s own gold/asset-backed currency. Could Texas and BRICS Create A Gold-Backed Financial Future Beyond the Fiat Currency System? https://ai3d.blog/will-texas-exit-the-united-states-the-answer-may-surprise-you/

Saudi Arabia, OPEC states, and Venezuela have formed an alliance against the Deep State, with control over the oil bases firmly in the hands of the elusive White Hats. 

Sun. 9 June 2024 Two Black Swan Events for Russia: Herman Gref, the CEO of a major bank in Russia, has predicted that Russia will experience two black swan events.

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

Apparent Timeline:  (Rumors and Opinions)

As of Thurs. 30 May 2024 any US State could legally obtain their own gold backed currency and bypass the Federal Reserve.

As of Sat. 1 June 2024 International World Trade was using the new Iraqi Dinar Rate in the trade of international goods.

On Mon. Evening 3 June 2024 the Iraqi Parliament finally passed their budget with the new Iraqi Dinar International Rate in it.

On Tues. 4 June large bondholder paymasters were in Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window. 

On Fri. 7 June 2024 the US Government ran out of money and declared 63 banks insolvent according to Janet Yellen. Bonds started becoming liquid.

On Sun. 9 June 2024 the White House was lit up in gold. Saudi Arabia dropped the USD and ended the Petrodollar. It’s the Beginning of the End – the collapse of the Global Financial System. Market Crash Imminent.

On Sun. night or Mon. morning 10 June 2024 notifications for Tier4b could possibly come out.

On Mon. morning 10 June 2024 Bond Holders and Tier4b should have access to their funds with Tier4b appointments starting soon thereafter.

On Tues. or Wed. 11, 12 June 2024 a Worldwide Economic Collapse was expected to begin.

On Sat. 15 June 15 any bank not Basel 3 compliant would be closed.

Sun. 1 Sept. 2024: “The greatest comeback in World History will unfold. Everything you’ve known and seen will become perplexing. You won’t believe your eyes. America will erupt. PATRIOTS WILL PREVAIL. AMERICA WILL TRIUMPH. The house of cards will collapse.” …

Read full post here:  https://dinarchronicles.com/2024/06/10/restored-republic-via-a-gcr-update-as-of-june-10-2024/

**

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

Walkingstick  Question:  "What is Phase Three?"  The introduction of the new lower notes to the Iraqi citizens.  Question:  "Not to the banks?"  That was done months ago.  

Frank26  You know the only reason why we don't have the new exchange rate and the new lower notes yet is why?  Because terrorism from Iran, the Iranian politicians inside of the GOI, inside of the CBI, steal the dinar for decades.  Then all of a sudden here comes the Lone Ranger... Sudani.

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

These Signs Mean DANGER For A Market CRASH

Lynette Zang:  6-8-2024

In today's video we go over the danger signs in the de-synchronization of the central banks and what that means for you and the markets...

https://www.youtube.com/watch?v=82fOet2WFtM

 SILVER ALERT! COMEX Silver Riggers Dump 300Moz of Silver Derivatives on Friday's SLAM!

 (Bix Weir)  6-9-2024

There is no limit to the price riggers ability to dump derivative silver contracts on the COMEX Silver exchange.

There is no law that will be enforced as it "assists" the United States of America with their massive debt problem.

 Hold Silver & Gold prices down and you can print as much fake money as you'd like.

Let them trade freely and THE GAME IS OVER!!

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

China and BRICS Shake the US Dollar: What Next?

China and BRICS Shake the US Dollar: What Next?

Fastpo:  6-9-2024

The BRICS nations are intensifying their efforts to reduce reliance on the US dollar in global trade and finance.

This de-dollarization initiative has gained significant momentum with the recent inclusion of Saudi Arabia, Egypt, the UAE, Iran, and Ethiopia into BRICS as of January 2024.

A major step in this direction is the development of an alternative payment system to SWIFT, which is currently dominated by the US dollar.

 This new system aims to facilitate international transactions independent of US financial control, reducing the geopolitical leverage of the US.

Additionally, the BRICS New Development Bank (NDB) is increasing its lending in local currencies of member countries, with a goal to have 30% of its loans in local tenders by 2024.

This reduces reliance on the dollar and mitigates risks associated with exchange rates and US monetary policies.

The expanded BRICS, now including major oil producers like Saudi Arabia, enhances its economic influence, supporting the de-dollarization agenda by integrating more economies capable of trading in local currencies.

There is also ongoing discussion about introducing a unified BRICS currency to further accelerate this shift, potentially altering the global economic power balance. These initiatives by BRICS signify a concerted effort to create a more multipolar global financial system, challenging the hegemony of the US dollar.

 While the full impact of these measures will take time to manifest, the move towards de-dollarization marks a significant shift in global economic strategies.

But the de-dollarization do not limit to the initial BRICS move.

https://www.youtube.com/watch?v=yiqVhL-ce1o

More News, Rumors and Opinions Sunday PM 6-9-2024

TNT:

Tishwash:  Iraq participates in the 27th Saint Petersburg International Economic Forum

The Ministry of Foreign Affairs announced, today, Sunday, participation in the 27th Saint Petersburg International Economic Forum.

The ministry said in a statement received by the Iraqi News Agency (INA): “A delegation from the Ministry of Foreign Affairs, the Embassy of the Republic of Iraq to the Russian Federation, and a delegation from the Iraqi Kurdistan Regional Government participated in the 27th St. Petersburg International Economic Forum, which was held in the Russian city of St. Petersburg for a period of 5 years.” -2024/6/8”.

She added, "More than 17,000 participants from more than 136 countries attended the forum, including heads of state and government, ministers, government officials, ambassadors, and politicians from 45 countries. Russian President Vladimir Putin also participated in the forum's plenary session."

She continued, "During the meetings, the economic challenges facing the world were discussed and how to find sustainable solutions in light of the current global transformations, and cooperation in the field of international transport was discussed, in addition to discussing cooperation in the field of artificial intelligence and digital technology and finding joint approaches to developing education in line with technological development in the world." the world".  link

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

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

Militia Man   Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.  They're going to have lots of different little things happen to them that are going to be painful.  Anybody that's holding the dollar when they change the exchange rate...those exchange companies, 197 banks that got tagged by the central bank...they're going to have a painful experience because if you're not large on the dinar and you own dollars and Alaq drops the three zeros, those guys are going to have a painful situation... They've been warned.  They've been open about stopping the dollar auctions in Iraq for this year...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Alaq said Iraq returning to the glory days and it will surpass those days.  FRANK:  This caught me off guard.  They're talking to them a lot.  We told you they would...They're releasing the videos, we told you they would.  Alaq is telling the people, look I got a mechanism, you know what it is, it's a new exchange rate... 'Iraq is returning to the glory day...and will surpass those glory days.'  I told you, you would never see 1 to 1.  There's a reason they kept it at 1310 and they're going to return back to the glory days which was $3.22 because this is an RI, reinstatement...IMO this is happening.

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

KTFA:

Clare:  Details of a meeting in Baghdad to resume the export of Kurdistan oil

6/9/2024  Baghdad –

The head of the Kurdistan Regional Government Office, Omid Sabah, revealed today, Sunday, the details of a meeting held between a delegation from the regional government and the Ministry of Oil, in the capital, Baghdad, which is the first meeting of its kind to reach a comprehensive agreement regarding resuming the export of the region’s oil through the “Corporate Oil Company.” Sumo, National.
Sabah said, in a statement received by Mawazine News Agency, that “the delegation discussed with Oil Minister Hayan Abdul Ghani and senior officials in the ministry the outstanding issues between the governments of Erbil and Baghdad and issues of common interest.

He added that the meeting focused on the dues of oil companies operating in the region and the process of Resuming the export of Kurdistan oil, production costs, and mechanisms for addressing these issues, reaching a comprehensive and balanced agreement within the framework of the constitution, and re-pumping through the Iraqi Oil Marketing Company “SOMO” as soon as possible. LINK

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

MARKETS A LOOK AHEAD: From PETRODOLLAR To UNIVERSAL PETRO-CURRENCY.

Greg  Mannarino:  6-9-2024

https://www.youtube.com/watch?v=X8wOiP_YvmA

Over 85,000 Bank Accounts Have Just Been Locked, This Is HUGE Red Flag

Atlantis Report:  6-9-2024

Over 85,000 Bank Accounts Have Just Been Locked, This Is HUGE Red Flag

In this fast-paced world of social media and 24/7 news cycles, it's not unusual to encounter headlines that grab your attention.

 The news of a large-scale lockdown of bank accounts is not only concerning but also raises serious questions about the stability and reliability of our financial institutions.

Now we're unraveling the Saga of 85,000 Frozen Bank Accounts Imagine a situation in which more than 85,000 bank accounts have been abruptly terminated, leaving their owners in a dangerous position.

This situation is more than merely cautionary; it represents a substantial concern.

https://www.youtube.com/watch?v=rUbTZA0sTVA

Goldilocks' Comments and Global Economic News Sunday Evening 6-9-24

Goldilocks' Comments and Global Economic News Sunday Evening 6-9-24

Good evening Dinar Recaps,

Saudi Arabia joins BIS- and China-led central bank digital currency project | Reuters

Today, we are witnessing a 100-year cycle/bubble in the markets and a 50-year pact going away with Saudi Arabia moving from the Petro Dollar to trading in local currencies.

I wouldn't expect too much of a shift the next 2 to 3 days on the Dollar, but the weeks ahead will have a significant toll on the Dollar going forward.

This shift in the Global Economy will begin the process of "leveling the playing field" and reset new demands on currencies that have not been utilized in trade for a long time.

All of this is coming at a very pivotal time. As we shift our attention from the Petrol Dollar to Stablecoins that represent our local currencies in trade among nations, these new demands will increase money velocity that will raise the value of currencies around the world. 

This is a process that takes a little time to see changes happen, but the process has begun.  Reuters

WATCH THE WATER.

©✓Goldilocks 

~~~~~~~~~

Breaking the Bank: Sen. Lee Introduces Bill to Abolish the Federal Reserve | Lee Senate

READ  PDF HERE

~~~~~~~~~

Central Banks of the World Explained

It is important to note that we are moving from a Petro Dollar regimen to a Central Bank Digital System.

There are about 214 Central Banks around the world that are officially recognized by countries as of Feb 16, 2023.

The new Global Economy is moving into a "shared governance regimen" whereby "leveling the playing field" between countries through Central Banks are beginning to lead the way.

It is the wCBDC coins that will move money around in cross-border International trading. This is causing a shift in the movement from a World Reserve Asset to a shared Central Bank Governance. PLUS50 Stabroek News

© Goldilocks

~~~~~~~~~

Remember the Golden Rule! Whoever has the gold, makes the rules! | Economic Sociology

"He who holds the gold makes the rules." This is never been more applicable than it is as we approach our new world.

The Central Banks govern the banking system.

Who has been storing the gold? The Central Banks. Now, you can begin to see where this is heading.

© Goldilocks

~~~~~~~~~

DTCC testifies to Congress on opportunities to advance financial markets | Asset Servicing Times

~~~~~~~~~

The New York Fed acts as the guardian and custodian of the gold on behalf of account holders, which includes the U.S. government, foreign governments, other central banks, and official international organizations. No individuals or private sector entities are permitted to store gold in the vault. | NewYorkFed

~~~~~~~~~

What Central Banks Do | Investopedia

On a macro basis, central banks influence interest rates and participate in open market operations to control the cost of borrowing and lending throughout an economy. Central banks also operate on a micro-scale, setting the commercial banks' reserve ratio and acting as lenders of last resort when necessary.

~~~~~~~~~

Central Bank | Wikipedia

In some countries a central bank, through its subsidiaries, controls and monitors the banking sector. In other countries banking supervision is carried out by a government department such as the UK Treasury, or by an independent government agency, for example, UK's Financial Conduct Authority.

~~~~~~~~~

Steady as we go: results of the 2023 CPMI cross-border payments monitoring survey | BIS

Enhancing cross-border payments has been a G20 priority since 2020. This ambitious programme requires action by individual jurisdictions and payment systems. The CPMI survey results show determined progress: the vast majority of payment systems have or are in the process of implementing at least one action that the G20 considers to be relevant to enhance cross-border payments.

Despite the promising number of initiatives planned to enhance cross-border payments, the survey results also highlight potential areas for further work. Projects to enhance cross-border payments cannot be seen in isolation and should complement domestic projects, given that the first and last miles of cross-border payments are typically processed in a domestic payment system.

Central banks, in their roles as catalysts and operators, are key to bringing cross-border payments forward. International organisations and standard-setting bodies, such as the CPMI, the IMF, and the World Bank, can support central banks in their ambitions.

~~~~~~~~~

Cash isn't going away, despite declining use | PaymentsSource | American Banker

~~~~~~~~~

Russia and China to cooperate on Arctic shipping route | Ship Technology

~~~~~~~~~

New Law Grants U.S. President Sweeping Powers to Block Digital Asset Access, Sparking Concerns - Crypto Daily

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Economist’s “News and Views” Sunday 6-9-2024

Turkey Just Changed the Entire Future of Europe with THIS One Move!

Cyrus Janssen:  6-9-2024

Turkey to join BRICS! It's official, Turkey is moving away from the EU and will move closer to BRICS, China, and Russia.

Turkey has been a NATO member since 1952 and this is the first time we've seen a NATO member shift away from the US and EU and move closer to BRICS.

What does this mean for the future of Europe and geopolitics around the world? Let's break it down!

https://www.youtube.com/watch?v=QqBxoFC1twI

How The End Of The US Empire Will Affect You | Matthew Piepenburg

Liberty and Finance:  6-9-2024

Gold is replacing the US dollar as a reserve currency, says Matthew Piepenburg  This is not the end of the US dollar or America, but it is the end of American hegemony.

Piepenburg urges people to pay attention to what really matters and reject the culture wars that are causing even more chaos in the U.S. Staying in reality is important.

And in the financial realm, it is imperative to hold real assets in these times of deception.

NTERVIEW TIMELINE:

0:00 Intro

1:20 Fiat currency crisis

 14:53 Inflation is theft

 17:50 BRICS+ Dollar holdings

29:00 Gold repatriation & accumulation

35:20 True freedom

43:00 Reject mainstream media

https://www.youtube.com/watch?v=Qb3KBDrz_E8

Economic Crisis "Much Worse than 2008" Imminent with Henrik Zeberg

WTFinance:  6-8-2024

On this episode of the WTFinance podcast I had the pleasure of welcoming back Henrik Zeberg. During our conversation we spoke about Henrik's current thoughts on markets, why bull market could extend to September, what this means for his portfolio, risk of an economic crisis "much worse than 2008" and more. I hope you enjoy!

 0:00 - Introduction

0:54 - Current thoughts about markets?

2:30 - What has changed outlook?

 5:20 - Prolonged bull market?

 8:17 - Key economic indicators?

12:31 - Similar to end of 2022?

16:17 - Repeat of 2008?

21:27 - Exposure to high beta

24:18 - Crypto price targets?

24:33 - meme stock trend

 28:05 - Position after top?

30:14 - Thoughts on precious metals?

 32:58 - What happens after crash?

37:30 - One message to takeaway from our conversation?

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

“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

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

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

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

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.

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

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

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

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.

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

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

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

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

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

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.

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

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

~~~~~~~~~

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. 

~~~~~~~~~

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

~~~~~~~~~

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

~~~~~~~~~

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

~~~~~~~~~

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."

~~~~~~~~~

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”

~~~~~~~~~

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.

~~~~~~~~~

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

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps