Thank you to all the subscribers to our Early Access program…we thank you for your continued support.

We are excited to offer this new service to keep you informed and up-to-date on the latest Dinar and currency news.

Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-22-24

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-22-24

Good evening Dinar Recaps,

"Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information"

The SEC has moved the customer information protection amendments to the Federal Registry. These guidelines were last updated in the year 2000.

These amendments have been updated to coincide with the new digital asset-based trading system, and they will go into effect August the 2nd, 2024.

Any customer working with a broker-dealer relationship in financial assets ranging from foreign currency to local economic assets will now be covered under these new amendments.

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-22-24

Good evening Dinar Recaps,

"Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information"

The SEC has moved the customer information protection amendments to the Federal Registry. These guidelines were last updated in the year 2000.

These amendments have been updated to coincide with the new digital asset-based trading system, and they will go into effect August the 2nd, 2024.

Any customer working with a broker-dealer relationship in financial assets ranging from foreign currency to local economic assets will now be covered under these new amendments.

Any customer working with a broker-dealer relationship in financial assets ranging from foreign currency to local economic assets will now be covered under these new amendments.   Federal Register  Finra



© Goldilocks 
~~~~~~~~~

Amendments to S-P Regulation | Youtube

~~~~~~~~~



Coin Week

~~~~~~~~~

TEHRAN, Jun. 21 (MNA) – Venezuela is at the doorstep of joining the BRICS group of nations and ready to offer its fuel and mineral resources to future partners, the country's Executive Vice President Delcy Rodriguez said. | MNHR News

~~~~~~~~~

Digital technology is undoubtedly the spear tip of innovation driving financial services forward.


And that spear tip is coming to include blockchain, or distributed ledger, technology. That’s because proponents of blockchain and on-chain solutions believe the tokenization of financial assets could one day reshape the operating models and transform the business functions around areas like wealth management. | Pymnts

~~~~~~~~~

Bloomberg reported today that Standard Chartered Plc is launching a spot crypto trading desk for Bitcoin and Ether in London, citing sources. The unit will be part of the FX trading desk.

An emailed statement from the bank said it had been working with regulators to support institutional demand to trade Bitcoin and Ethereum.

Banks such as Goldman Sachs run derivatives trading desks, but spot desks are relatively rare in banks.
Ledger Insights    Bloomberg  

~~~~~~~~~

During today’s Citi Digital Money Symposium, the bank unveiled its new Citi Integrated Digital Assets Platform (CIDAP) to serve the entire group. Citi (https://www.citigroup.com/) is involved in various digital money and tokenization projects.

Altin Hoxha, the lead for the platform, said it aims to “enable fast adoption of innovation and innovation which is in compliance with all these regulatory regimes around the world.”

Last year Citi launched its tokenized deposit solution, Citi Token Services (https://www.ledgerinsights.com/citi-tokenized-deposits-institutional-digital-assets/), with a cash solution for corporate treasury management and a trade solution. The cash side is live in the US and Singapore, enabling corporates to move money 24/7.   Ledger Insights 

~~~~~~~~~

Banks are in the process of interfacing cryptocurrency platforms as portfolio options going forward.

© Goldilocks


10 Best Crypto Friendly Banks in 2024 | Koinly

~~~~~~~~~

Digital Future Launches to Advance the Digital Economy | PR Newswire

~~~~~~~~~

Digital asset platforms have become much more efficient, Goldman Sachs CIO says | Youtube

~~~~~~~~~

Do you see how Leveling the Playing Field works?   👇

China sanctions Lockheed Martin over Taiwan arms sales | TBS News

~~~~~~~~~

Tweaks to the Old Traditional trading platforms are currently being installed to accommodate the new digital asset-based trading system. More on this tomorrow.

© Goldilocks

~~~~~~~~~

Vietnam PM to attend WEF meeting.

"Chinh will attend the meeting in Dalian city, Liaoning province of China, and have working sessions from June 24-27.

The trip will be made at the invitation of Chinese Premier Li Qiang and WEF Founder and Executive Chairman Klaus Schwab."

The World Economic Forum normally meets in January at Davos, Switzerland. Invitation only meetings are called on for special purposes with recognized countries able to influence the Global Economy are invited.

The economy of Vietnam is showing a reclassification of their Global Economy, and now, have the ability to participate in the new Global shifts coming our way.

Interestingly, Vietnam has been invited to the table as they approach their new identity as a Market Economy.    VN Express   WEF


© Goldilocks

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Saturday 6-22-2024

TNT:

CandyKisses:  Finance: Direct distribution of current expenses, revenues and investment projects for 2024


Economy News - Baghdad

The Ministry of Finance announced today, Saturday, the distribution of estimates of current expenses, revenues and investment projects for 2024.

The ministry stated, in a statement received by "Economy News", that "the estimates of current expenses, revenues and investment projects for the year 2024 were directly distributed in the public year of the state."

She added that "the Budget Department in the Ministry of Finance calls on all ministries, governorates and entities not associated with a ministry to send their authorized on tomorrow, Sunday, June 23, 2024, for the purpose of receiving estimates of current expenses, revenues and investment projects for the current year, and approved by the House of Representatives according to parliamentary decision No. (64) of 2024 and the headquarters in its session numbered (27) on June 3 of this year."

TNT:

CandyKisses:  Finance: Direct distribution of current expenses, revenues and investment projects for 2024

Economy News - Baghdad

The Ministry of Finance announced today, Saturday, the distribution of estimates of current expenses, revenues and investment projects for 2024.

The ministry stated, in a statement received by "Economy News", that "the estimates of current expenses, revenues and investment projects for the year 2024 were directly distributed in the public year of the state."

She added that "the Budget Department in the Ministry of Finance calls on all ministries, governorates and entities not associated with a ministry to send their authorized on tomorrow, Sunday, June 23, 2024, for the purpose of receiving estimates of current expenses, revenues and investment projects for the current year, and approved by the House of Representatives according to parliamentary decision No. (64) of 2024 and the headquarters in its session numbered (27) on June 3 of this year."

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

Tishwash:  Saleh: The tripartite budget gave the government flexibility to implement its medium-term plans

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Federal General Budget Law No. 13 of 2023 (the tripartite budget) granted the executive authority high flexibility in implementing the state’s medium-term financial plan for the years 2023, 2024, and 2025.

Saleh told {Al-Furat News} agency, “In implementation of the provisions of Article 2/77 of the law above, which stipulates that the government shall submit financial schedules related to expenditures, public revenues, and the planned deficit for the fiscal years 2024 and 2025, in order to provide a flexible space that allows for the implementation of the general budget in an efficient and reliable manner.” In accordance with the constants stipulated in Law No. 13 mentioned above.”

He pointed out that "the matter relates to the schedules for the fiscal year 2025 and the possibilities of approving expenditures that may arise in the next fiscal year, or the exhaustion of other expenditures whose deadlines have expired in terms of timing, or the expiration of expenditure commitments and the replacement of new commitments for expenditures during the next fiscal year

And in appreciation of the circumstances surrounding the economy." Overall, the Federal Ministry of Finance, as a supreme financial authority, in cooperation with the Ministry of Planning (which is the ministry concerned with development projects and overall investment spending), will undoubtedly undertake to provide the necessary adjustments in the financial tables that will be presented for the year 2025 so that they can be studied, starting with the Ministerial Council for the Economy and in accordance with the contexts stipulated by it.

Federal Financial Management Law No. 6 of 2019, as amended, then the financial tables in question receive the approval of the Council of Ministers, so that they can be approved in the House of Representatives.”

At the same time, Saleh noted that “there is high and continuous coordination between the parliamentary finance committee concerned with following up and monitoring financial developments in the country and in accordance with the constitution, and between the plans, programs and mechanisms adopted by the financial authority in implementation, which are mutual constitutional guarantees to achieve the country’s supreme interests in development and economic stability.” "To the fullest extent."  link

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

Tishwash: Finance begins distributing estimates of current expenditures, revenues, and investment projects for 2024

Today, Saturday, the Ministry of Finance announced the start of distributing estimates of the state’s current expenditures, revenues, and investment projects for the year 2024.

A Finance statement received by Al-Rabaa stated, “The Budget Department calls on all ministries, governorates, and entities not affiliated with a ministry to send their authorized representatives tomorrow, Sunday, for the purpose of receiving estimates of current expenditures, revenues, and investment projects for the current year, approved by the House of Representatives, according to what was stated in Parliamentary Resolution No. (64). ) for the year 2024 and was held at its session numbered (27) on June 3 of the current year.

a different version

 The Ministry of Finance announced today, Saturday, the start of distributing estimates of current expenditures, revenues and investment projects for the year 2024.

The Ministry stated, in a statement, a copy of which was received by Al-Mustaqila, that “the state has begun distributing estimates of current expenditures, revenues, and investment projects for the year 2024 to the state.

She added, “The Budget Department of the Ministry of Finance calls on all ministries, governorates, and entities not affiliated with a ministry, to send their representatives tomorrow, Sunday, June 23, 2024, to receive estimates of current expenditures, revenues, and investment projects for the current year, which were approved by the House of Representatives in accordance with Parliamentary Resolution No. (64) of 2024, adopted at its session numbered (27) on June 3 of the current year.”

This step comes as part of the government's efforts to improve financial planning and ensure a fair distribution of resources in a way that enhances the quality of public services and contributes to achieving sustainable development in all regions of Iraq link

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

Mot:  .. Amazing she Can find her Way at alllll ~~~~

Mot:  ....... hot soooooooooo - Just how hot is it anyways

 

 

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Saturday AM 6-22-2024

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. 22 June 2024

Compiled Sat. 22 June 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors/Opinions)

Fri. 21 June 2024 Wolverine member: “Hi Wolverine, my friend who is a HSBC bank manager here in Australia for the RV just told me that he was on call from now all weekend.”  

Wolverine: “They were expecting for the funds to be released yesterday but it was cancelled. It looks like we are going to have our celebration on the weekend. It’s going to be a shotgun start.”

Fri. 21 June 2024 MarkZ: “Lots of anticipation for this weekend. Two different bank contacts from two different states said they are on one hour call for this weekend.”

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. 22 June 2024

Compiled Sat. 22 June 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors/Opinions)

Fri. 21 June 2024 Wolverine member: “Hi Wolverine, my friend who is a HSBC bank manager here in Australia for the RV just told me that he was on call from now all weekend.”  

Wolverine: “They were expecting for the funds to be released yesterday but it was cancelled. It looks like we are going to have our celebration on the weekend. It’s going to be a shotgun start.”

Fri. 21 June 2024 MarkZ: “Lots of anticipation for this weekend. Two different bank contacts from two different states said they are on one hour call for this weekend.”

~~~~~~~~~~

Fri. 21 June 2024 TNT Tony Call:

“Everything is ready to go. All the Banks had more meetings this week and were told the same briefing. Banks were told there was a 99% chance that it would go public tonight, or this weekend. Everyone is excited about this weekend. Our first opportunity is later today, or we will see it this weekend. They are working extended hours this weekend.”

Tony’s bankers went in at 5:00am today in anticipation for something to happen this afternoon, which still could happen at any moment. As of right now, our first opportunity is after 4:00pm today or anytime over the weekend.

Bank contacts in FL, NY, Chicago and Indiana advised that they had all received massive amounts of money, in preparation for this to occur.

Banks advised that there will be security in the parking lots, as well as inside of the banks. “Some people” told Tony that it started 2 days ago, and that it “just hasn’t gotten to us yet.”

Regional banks advised that it has started for them, and that as of yesterday, people who had SKR funds pending were supposed to “be showing live” in their accounts.

The “technical issues” from last Friday were apparently still missing a component, which has now been resolved. The electronic and physical issues were previously satisfied, however, satellite transmission capabilities for fund transfers are now complete.

Bank staff have been informed that they will be working extended hours this weekend.

There is no “fussing or fighting” in Iraq, there has been no mention of the budget, the only issue being reported on, is their focus on recovering the stolen money.

Tony advised that a contract rate of $28.50 for the Dinar should be available to those who ask for it.

Tony was asked how certain he was, that this was finally our weekend and his response was “99%.”

Tony received a text during the call which made him laugh, and he stated that “the word is, that the sooner we get off the phone, the sooner things get started.”

~~~~~~~~~~

Global Financial Crisis:

Fri. 21 June 2024: President Putin says over 60% of trade between Russia and Vietnam is now conducted without the US Dollar and Euro.

Read full post here:  https://dinarchronicles.com/2024/06/22/restored-republic-via-a-gcr-update-as-of-june-22-2024/

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

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: International finance team is on the television channel one...They're saying the economic reform is Iraq is at an increasing rate and we have invested over $2 billion in this Iraq.  FRANK: This is the international finance community.  They all know what's going on.  When they say your economic reform has increased...what they're talking to you about without saying it because they cannot, is the float.

Bruce   [via WiserNow]  We know that there's a lot going on behind the scenes.  One of our bankers - Wells Fargo said, Just hang in there...just hang in there a couple more days...So I'm excited...we will be able to look back at years of waiting and say, it was worth it. 

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

End of Petrodollar? Start of a New Monetary Order? Can This Be Stopped? – Andy Schectman

Kitco News:  6-21-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who discusses the idea that the era of paper money might be over.

Schectman weighs in on whether this is the start of a new monetary order, whether it can be stopped, and who is behind the plan to “reset” everything.

He also gives his outlook on gold and Bitcoin.

https://www.youtube.com/watch?v=89rrMXU5b8U

Read More
Economics, Chats and Rumors Dinar Recaps 20 Economics, Chats and Rumors Dinar Recaps 20

Economist’s “News and Views” Friday 6-21-2024

Western Empire Facing Same Collapse as Rome in its Final Days: Martin Armstrong

Commodity Culture:  6-21-2024

Martin Armstrong sees striking similarities between the multitude of crises that plague the modern world and the conditions just before the fall of the Roman empire.

Martin argues that endless debt issuance, wars for profit, unchecked migration, and rampant political corruption are setting the stage for a future where many Western countries cease to exist as we know them.

Western Empire Facing Same Collapse as Rome in its Final Days: Martin Armstrong

Commodity Culture:  6-21-2024

Martin Armstrong sees striking similarities between the multitude of crises that plague the modern world and the conditions just before the fall of the Roman empire.

Martin argues that endless debt issuance, wars for profit, unchecked migration, and rampant political corruption are setting the stage for a future where many Western countries cease to exist as we know them.

00:00 Introduction

 01:28 Everything is Connected

10:54 Political Shift to the Right

20:52 New BRICS Payment System

24:29 172 Year Revolutionary Cycle

 34:01 The Migrant Crisis and Rome

40:12 Socrates

47:18 How Can We Use This to Invest?

https://www.youtube.com/watch?v=h5JR3H7mpTg

THE WORLDWIDE ECONOMIC FREEFALL ACCELERATES... AND THIS IS WHAT'S COMING NEXT.

Greg Mannarino:  6-21-2024

https://www.youtube.com/watch?v=bJD0P0c5rpw

Rafi Farber: When the Yen Falls, So Does the Whole Keynesian System

Arcadia Economics:  6-21-2024

Back in May we heard that the Bank of Japan spent $62B defending the yen.

It didn't work too well, with the yen right back at 34 years lows and threatening to break them any minute now, perhaps by the time you're watching this.

Speaking of $62B, this week we heard that a Japanese bank called Norinchukin is selling about the same amount in underwater bonds, thanks to higher for longer interest rates, which aren't having much of an effect blunting price inflation anyway.

 It just so happens that Japan is the single largest holder of US Treasurys in the world, at a gargantuan sum of $1.15 trillion.

 No wonder Japan's is the first foreign banking system to be directly affected by high dollar interest rates.

The Keynesian experiment is unraveling fast now, while silver holds over $30.

Rafi Farber still believes we are in for one last global banking crisis, after which silver will, during a brief period of monetary panic, become money directly once again.

To find out more, click to watch the video now!

https://www.youtube.com/watch?v=-lvtizmX17Y

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Friday PM 6-21-2024

KTFA:

Clare:  Al-Moussawi: Election of a new speaker of parliament will accelerate the legislation of the oil and gas law


6/20/2024

Member of the Parliamentary Oil Committee, Zainab Al-Moussawi, announced the election of a new Speaker of Parliament who will expedite the legislation of the oil and gas law.

Al-Moussawi told {Al-Furat News} that: “Until now, there are no indications from the Sunni blocs to agree on a candidate for the presidency of the Iraqi parliament, due to the {Sunni-Sunni} differences and the splits that occurred within the Taqadum Party headed by Muhammad al-Halbousi.”

She pointed out that "in the event of a Sunni agreement, the vote will take place immediately after the end of the legislative term holiday, as the Shiite and Sunni political blocs are ready to vote."

KTFA:

Clare:  Al-Moussawi: Election of a new speaker of parliament will accelerate the legislation of the oil and gas law

6/20/2024

Member of the Parliamentary Oil Committee, Zainab Al-Moussawi, announced the election of a new Speaker of Parliament who will expedite the legislation of the oil and gas law.

Al-Moussawi told {Al-Furat News} that: “Until now, there are no indications from the Sunni blocs to agree on a candidate for the presidency of the Iraqi parliament, due to the {Sunni-Sunni} differences and the splits that occurred within the Taqadum Party headed by Muhammad al-Halbousi.”

She pointed out that "in the event of a Sunni agreement, the vote will take place immediately after the end of the legislative term holiday, as the Shiite and Sunni political blocs are ready to vote."

Al-Moussawi confirmed, “The vote of members of Parliament on choosing a new candidate for the presidency of the Council will accelerate the approval of the suspended laws, including the oil and gas law, as the law within the committee is largely mature.”

Ragheed   LINK

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

Clare:  IBBC Spring Conference 2024
The Mansion House, London

2 July 2024

IBBC’s (Iraq Britain Business Conference) 15th Anniversary Conference: Iraq’s ‘Opportunities and Insights’

This is a big year for Iraq and IBBC as we celebrate our 15th anniversary and Iraq moves into a new prosperous and stable phase. As advocates for the private sector in Iraq, IBBC champions best practice, through our special reports and white papers for reform, and encourages the government of Iraq to modernise its systems and ministries to accommodate International best practice within Iraq.

‘Insights and Opportunities’ reflects the evolution of the Iraq economy and the mechanics and reforms that the country is undertaking, as the largest forum for discussion of Iraq’s challenges and opportunities.

About the Conference:

Opening the conference the President of the Confederation of British Industry (CBI) Mr Rupert Soames OBE will give a keynote speech from the British industrial perspective, and as a previous member of IBBC is well placed to comment of UK’s business relationship and opportunities with Iraq.

Of note is the presence of key delegates: H.E. Hayan Abdul Ghani Al-Sawad, Deputy Prime Minister & Minister of Oil, Ministry of Oil, H.E. Dr Mohammed Shukri, Chairman of the Kurdistan Investment Board, Dr Fareed Yasseen, Iraqi Climate Envoy, Eng Adil Karim, Deputy Minister of Electricity, KRG ministers and keynote address from Alderman Barr, The Rt Hon the Lord Mayor’ Representative, The Rt Hon Lord Howell of Guildford andBaroness Nicholson of Winterbourne, IBBC President.

Delegates will hear the latest report from Professor Frank Gunter on Foreign exchange and banking reforms the impact of dollar controls and how this might resolve, and to hear directly from Government minsters, including the Deputy Governor of Iraq’s Central Bank, Dr Ammar H. Khalaf, on the procurement opportunities across key sectors, such as agriculture, education, finance, transport, and regional development at special roundtables including for KRG and finance. H.E. Mr Asaad Al Eidani, Governor of Basrah, will be joining a panel and special Basra roundtable, as will Kurdish ministers at a KRG roundtable, chaired by Mr Jonathan Wilks, Oxford Centre for Islamic Studies

The Iraqi economy is quietly diversifying, with the evolution of services, travel, tech, and retail sectors, but the dominant energy sector is also evolving, with new players technologies and climate reduction activities. Oil and Gas are still at the centre of this conference and Iraq’s economy, with the Energy Panel, which see the big players in energy policy and practice including Eng Adil Karim, Deputy Minister of Electricity; Dr Luay Al Khateeb, Centre on Global Energy Policy – Columbia University, Ms Dunia Chalabi, TotalEnergies, Mr Zaid Elyaseri from BP, Mr Andrew Wiper from Basra Gas Company, Mr Hassan Heshmat from Hydro-C and Mr Ellis Renforth from Wood Plc

Yet transport is also set to boom, in both the ports and the dry canal project due to link Basra to Turkey with the Mediterranean, silk road and European markets. The project will have profound impact on cities along the route and for both import and export trade. IBBC member Mr Tugrul Titanoglu, CJ-ICM; and Mr Steve Alexandar, Sardar Group, will inform us of these changes and the evolution of electronic and port management systems already in place (see our ’23 report on ports here).

While these insights ensure everyone is better informed, there is always a significant networking and coming together of businesses and old friends and acquaintances. A reception the night before will celebrate not only IBBC’s 15 years, but also offer informal networking among delegates, speakers and founder members in the Mansion House and the chance to forge new friendships.

Iraq now enjoys a stable and focused government intent of reconnecting with the region, fiscal surpluses that are converting into new infrastructure projects, and a growing more prosperous population, keen for modernisation and the benefits of a consumer economy.

We are certain there will be big demand for tickets, so please register soon to avoid missing out. Join with us and share the insights and opportunities that a modern and stable Iraq now offers.  LINK

Billuke:  Iraq can't go here on a program rate........imo

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

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

Frank26  $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it.  The float will take it up to...$3.86...$4.25...$4.72.  Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

Frank26  $3.22 is the actual reinstatement...They're not going to reinstate it...but it would be enough to launch it into the float, let the float take care of it.  The float will take it up to...$3.86...$4.25...$4.72.  Inflation is the reason why they have been doing this RV that's leading into an RI but the RI is not feasible therefore due to inflation a float is necessary to take it to the real effective exchange rate, which may be around the numbers I suggested...

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

PROOF That The 2024 Economic COLLAPSE Is Coming

Atlantis Report:  6-21-2024

It’s clear now: the economic collapse of 2024 is not just a possibility; it's an imminent reality. The downturn in the financial sector has already begun, with regional banks experiencing significant failures, which is a sign of more widespread economic distress.

The regional banking sector has been hit hard in recent times. Last year saw the collapse of notable banks such as Silicon Valley Bank, Signature Bank, and First Republic Bank.

These collapses were not isolated incidents but rather a chain reaction, indicating systemic vulnerabilities.

The domino effect continued with the fall of Silvergate Bank and Heartland Tri-State Bank. Their combined $440 billion in assets made this the largest collapse since the inception of the FDIC, Federal Deposit Insurance Corporation.

 Due to a series of bank failures, the FDIC faced significant challenges. To cover the losses, it had to use a large part of its insurance funds.

This raises a crucial question: How much money does the FDIC have left to handle future collapses? The answer is worrying: not much.

When you look into the FDIC's current financial status, it's clear that it's fragile, raising concerns about how it will handle further banking crises.

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

Read More
Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Good Afternoon Dinar Recaps,

"Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.

* Stablecoin issuers are the world's 18th biggest holders of U.S. debt.

* Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law.

Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow."

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

Good Afternoon Dinar Recaps,

"Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow.

* Stablecoin issuers are the world's 18th biggest holders of U.S. debt.

* Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law.

Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington's debt management grow."

👆 Look for a stablecoin regulation to move into high gear now due to the above article information.

What are stablecoins backed by? You got it. Commodities.    CoinDesk

© Goldilocks

~~~~~~~~~

Folks, Are you paying attention?
Owing to new European Union rules on stablecoins, we will no longer support the following assets from July 1st 2024:

DAI
FRAX
GUSD
USDP
TUSD
USDT
We'll continue supporting USDC, EURC and PYUSD

Wow !!!!

Why are these crypto stable coins being removed from uphold ?

Well it’s because they simply aren’t stable !

Remember MICA ?

MiCA establishes a framework for crypto-assets in the EU, covering their issuance, trading, offering, and custody. It also includes rules for stablecoins, licensing requirements for CASPs, and consumer protection measures. Some of the rules that will apply on June 30, 2024 include:

• Stablecoins  Only credit institutions (banks) and electronic money institutions (EMIs) will be able to issue stablecoins, promote their purchase, and request that trading platforms list.

• Crypto custodians  Crypto custodians are liable to their clients for the loss of crypto-assets or access to them if the incident is their fault

Big Dog 

~~~~~~~~~

"In a market economy, a country's currency value is determined by supply and demand, just like other goods and services. When demand for a currency increases, it appreciates, or becomes stronger and more valuable. When demand decreases, it depreciates, or becomes weaker and less valuable." | Investopedia

"Yes, economic activity, including market interest rates, gross domestic product, and unemployment rate, can affect exchange rates. These rates are often called market exchange rates and are set in the global financial marketplace by banks and other financial institutions. Exchange rates can change hourly or daily, and can be small or large shifts." | Investopedia

I thought I would give you an idea of what's happening with Vietnam when they go to a Market Economy. Just so you know, supply and demand will determine their new exchange rates when they change their monetary policy to move into a Market Economy.

Both the United States and Russia have recently signed a Comprehensive Strategic Partnership with Vietnam. These two countries recognize Vietnam's capacity to step up to the plate, and into, a higher level playing field with their economies along with all the rights and privileges that go with it.

In a previous article, we were told that Vietnam would make this transition by the end of July 2024. The Investor   English News

© Goldilocks

~~~~~~~~~

Hong Kong Announcement:

"Hong Kong Treasury chief: We’re leading in Web3 with digital currency ETFs, enabling regulations"


This article is an advertisement of what Hong Kong offers going forward on their international market exchange locally and cross borders.

They offer the full arrangement of a regulated cryptosystem capable of using stablecoins worldwide.

Hong Kong has the ability to trade in multi-currency accounts through cryptos fully regulated in their financial system.   CoinGeek

© Goldilocks

~~~~~~~~~

A New Era in Iraq's Relations with the West?

"Amid growing pressure to dissolve the coalition and withdraw troops, the United States and its partners should continue pursuing good relations with Baghdad -- but this time with a lighter footprint and increased regional cooperation."


Currently, Iraq has a "mixed economic system" with aspects of it that is private and many parts of it regulated and governed by the government.

They are currently in transition and expected to meet goals to reclaim their independence as the year goes forward.

Expectations from previous articles state that they are to become their own market economy by the end of the year.

Their move towards independence as a nation and less guidance from government bodies outside of their own is currently in process.  Iraq Business News   Washington Institute

© Goldilocks 

~~~~~~~~~

Supreme Court decision upholds Trump-era tax on offshore earnings - The Washington Post

~~~~~~~~~

Revolutionizing Voting Systems Through Blockchain Innovations |  Smart Phone Magazine

~~~~~~~~~

Cash flow is the lifeblood of any business. That’s why many of the most exciting innovations within payments are aimed at helping businesses build better balance sheets and support healthy growth.

And with the advent of instant payments, the first new domestic payments rail in half a century, there is a new — and better — way to pay in the U.S.A. | Pymnts

~~~~~~~~~

The Rising Economy Of Vietnam | Asia's Next Emerging Powerhouse? | Youtube

~~~~~~~~~

Coin Gape

~~~~~~~~~

Crypto Exchanges Brace for EU’s MiCA Rules: Stablecoins Delisted by Uphold, Binance – Altcoins Bitcoin 

~~~~~~~~~

Cryptocurrency 2024: SEC Enforcement, State Regulation, and the Need for Clarity | Youtube

~~~~~~~~~

BREAKING NEWS:  Changes in the Developing Road Project #iraq  | Youtube

~~~~~~~~~

America is in “A Bad Place”; Gold Can Restore Its Prosperity Says Trump Fed Nominee | Youtube

~~~~~~~~~

Crypto 101: What is a Node? | Youtube

~~~~~~~~~

Is It Too Late To Get Into Crypto? | Youtube

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Friday 6-21-2024

TNT:

CandyKisses:  Movement to activate the road agreement and the Chinese belt


Baghdad - Iraq Today: The head of the parliamentary rights bloc, Saud Al-Saadi, renewed his call on the government to speed up the implementation of the Chinese Belt and Road Agreement, while revealing the collection of 60 deputy signatures to activate the Chinese agreement.

Al-Saadi said in a press interview that "the Belt and Road Initiative occurred in the time of successive governments and was a prelude to linking Iraq to the Chinese Belt and Road Initiative."

He added that "the Belt and Road Initiative to ensure Iraq's strategic and economic projects, pointing out that the agreement was procrastinated in the time of the Al-Kazemi government," pointing out that the current government is obligated to activate the agreement with China and link Iraq to the Belt and Road Initiative.

TNT:

CandyKisses:  Movement to activate the road agreement and the Chinese belt

Baghdad - Iraq Today:

The head of the parliamentary rights bloc, Saud Al-Saadi, renewed his call on the government to speed up the implementation of the Chinese Belt and Road Agreement, while revealing the collection of 60 deputy signatures to activate the Chinese agreement.

Al-Saadi said in a press interview that "the Belt and Road Initiative occurred in the time of successive governments and was a prelude to linking Iraq to the Chinese Belt and Road Initiative."

He added that "the Belt and Road Initiative to ensure Iraq's strategic and economic projects, pointing out that the agreement was procrastinated in the time of the Al-Kazemi government," pointing out that the current government is obligated to activate the agreement with China and link Iraq to the Belt and Road Initiative.

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

CandyKisses: During the Eid holiday. 3 northern governorates receive more than 320,000 tourists

Economy News - Baghdad

During the Eid al-Adha holiday, resorts and tourist areas in the governorates of Erbil, Sulaymaniyah and Halabja received more than 320,000 tourists, while statistics on the number of tourists who went to Dohuk were not yet available.

According to information and statistics from the Directorate of Tourism in Sulaymaniyah province, "more than 120,000 tourists visited the province and its tourist areas, most of whom are citizens of central and southern Iraq."

Compared to the same time last year, the percentage of tourists to Sulaymaniyah increased by about 20,000 tourists.

For its part, the responsible authorities in Erbil province announced that "117,421 tourists went to the province during the Eid holiday," noting that "54 felonies and 51 misdemeanors were recorded."

As for the province of Halabja, the Directorate of Tourism announced that "84 thousand and 176 tourists went to the province, for the purpose of tourism and vacation, and 40 violations and warnings were recorded by the inspection and control committees," noting that "there were no unfortunate incidents during that period, and the Eid plan was successfully applied, in terms of receiving tourists and creating the appropriate atmosphere for them."

The concerned authorities in Dohuk province did not announce statistics after tourists flocking to the governorate and its tourist areas during the Eid al-Adha holiday.

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

CandyKisses: Parliament calls on government to send important laws that affect people's lives

Baghdad - Iraq Today:

The MP for the State of Law Coalition within Radi called on the government to expedite the sending of the law on the salary scale of employees because of its importance in achieving social justice.

Radi said in a press interview that "there are important laws that the government still has waiting to be sent to the House of Representatives in order to legislate them during the current parliamentary session."

"The House of Representatives called on the government to send bills that serve the government and citizens, including the Federal Court Law, the Oil and Gas Law, the Slums Law and other laws," he said.

Radi expressed his "hope that the government will send important laws as soon as possible in accordance with the government program presented by Prime Minister Mohamed Shia Al-Sudani," stressing that amending the salary scale law has become necessary.

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

Tishwash:  Sudanese Advisor: We have prepared a comprehensive plan to combat corruption and recover funds

Today, Friday, Advisor to the Prime Minister for Oversight and Integrity, Muayyad Al-Saadi, confirmed today, Friday, the existence of a comprehensive plan to combat corruption and recover smuggled funds, while stating that Prime Minister Muhammad Shiaa Al-Sudani provided unlimited support to recover the funds and wanted persons.

Al-Saadi said, “Prime Minister Muhammad Shiaa Al-Sudani paid great attention and daily follow-up to anti-corruption measures, and worked in different directions,” noting that “teams were formed to receive news and reports about corruption, follow up on them, uncover them, and refer them to the Integrity and Public Prosecution Commission for the purpose of holding violators accountable, prosecuting them, and recovering the money.” 

He continued, "Among the trends that have been focused on is the periodic evaluation through semi-annual and annual reports through the regulatory agencies that follow up on the procedures of ministries and governorates in the field of combating corruption on a daily basis, as well as the issue of digital transformation and the procedures of the unified storage system for the purpose of controlling, following up and knowing funds." Balances and their movement,” noting that “all of these measures serve to combat corruption.”

He added, "The Prime Minister provided unlimited support to the Integrity Commission, the Financial Supervision Bureau, and law enforcement agencies, in order to recover funds and fugitive fugitives by providing all facilities," noting, "The procedures resulted in bringing in the fugitive defendants and depositing them with law enforcement agencies for the purpose of issuing special rulings." “With them.”

Al-Saadi pointed out, “There is a fund to recover the former regime’s funds, which operates according to its own law,” stressing that “a lot of money has been recovered, most recently from Swiss banks, where it was deposited in the Central Bank.”  link

***********

MotL Taaaaaaaaaaaaaaaaahhhhh -- Daaaaaaaaaaaaaaaaaaahhhh !!!!!

CandyKissses:  GOTTA GET MY LIFE TOGETHER

 

 

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Friday AM 6-21-2024

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. 21 June 2024

Compiled Fri. 21 June 2024 12:01 am EST by Judy Byington

Global Financial Crisis:

Thurs. 20 June 2024: The international monetary system collapsed in 1914, 1939 and 1971. 2008 tested the system but central banks delayed the inevitable with QE. Now they are eating losses. A collapse often signifies the rebirth of a new system. So many signals represent we are getting closer:

– More trade in local currencies – Gold being stockpiled – CBDCs – Hot conflicts around the world – BRICs getting bigger – The Western financial system being weaponized

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. 21 June 2024

Compiled Fri. 21 June 2024 12:01 am EST by Judy Byington

Global Financial Crisis:

Thurs. 20 June 2024: The international monetary system collapsed in 1914, 1939 and 1971. 2008 tested the system but central banks delayed the inevitable with QE. Now they are eating losses. A collapse often signifies the rebirth of a new system. So many signals represent we are getting closer:

– More trade in local currencies
– Gold being stockpiled
– CBDCs
– Hot conflicts around the world
– BRICs getting bigger
– The Western financial system being weaponized

It would be easy to continue to go on. This is what happens when the foundation shakes. https://t.me/USDebtClockAmerica

Thurs. 20 June 2024: EXPOSED: NESARA GESARA Initiatives Reveal the Fall of Corrupted Banks, Stock Market Collapse, and Deep State Corporations in the Vatican – American Media Group (amg-news.com)

~~~~~~~~~~~

Global Currency Reset: (Rumors/Opinions)

Thurs. 20 June 2024 Bruce:

The currencies going up in value finally solidified in the last couple of days – but we don’t know what they are. They were trading upwards and they are now trading exponentially but they are moving UP UP UP to where those rates are supposed to be for us and I do believe that is what they are doing.

Today the Redemption Center Staff went in for a couple of hours but the numbers never came today. Tomorrow Fri. 21 June (Summer Solstice) they are going in for overlapping hours – and that would allow for our numbers if indeed they do come out tomorrow.

Yesterday a banker said – “Just hang in there a couple of more days” and so that would have been a couple of days and that would be Friday – so I think we could get this tomorrow and through the weekend.  

~~~~~~~~~~

Thurs. 20 June 2024 Wolverine: “Ok the new rates should be posted today (Thurs. 20th June) in Iraq and expecting funds to be released either today Thurs. or Fri. 21 June in the USA. Let’s hope it happens as we cannot keep going like this as too many people are hurting. …Conference Call: “It’s looking good.”

Wed. 19 June 2024 Intel Guru Frank26:  [The new ATMs] are everywhere in Iraq now. It’s not hundreds, it’s not thousands, it’s tens of thousands of them. They are everywhere that an Iraqi citizen can walk to. They are at their hookahs… mosques, bars shops… street.. banks… corners, they’re everywhere… There’s going to be a massive rush going into the banks.

Read full post here:  https://dinarchronicles.com/2024/06/21/restored-republic-via-a-gcr-update-as-of-june-21-2024/

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

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

Mailman17  Some gurus state that Iraq has to have more than oil to export to be on par with Kuwait. Every export Kuwait has is from oil..oil, gas, alcohol etc..all made from oil. Iraq has all that and then some. Oil, gas, sulphur, dates, gold and a few more. Do not compare Kuwaiti exports with Iraq..Iraq wins hands down and has more of it..food for thought.

Mnt Goat   Do they have to RV to make the budget work?  If you take what the prime minister told us about the dropping of the zeros...in an April 2023 article, we can see that taking the 1320 rate and dropping the 3 zeros makes it $1.32. If we take the 6.5 billions dinars allocated for the new pipeline construction it is actually about $4.9 billion dollars.  If we divide 6.5 / 4.9 we get 1.32...is this a coincidence? Can you see now why I am so excited...WOW! WOW1 WOW! ...Many believe it is not coincidental and so I agree...Do they need the change in rate to build the pipeline? What about the other projects too like the 7 new refineries...if it does they will have to get their act in gear real soon, as they also told us they plan to begin this new pipeline now NOT in 2025.

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

BREAKING NEWS: Changes in the Developing Road Project

Edu Matrix:  6-21-2024

BREAKING NEWS: Changes in the Developing Road Project …Exchange Rate 6/19 $1.00 = 1310.52

https://www.youtube.com/watch?v=GsT3X9_2coI

BANK AUDITOR WARNS: $525 BILLION in Bank Losses Threaten Banks Already On Edge of a Massive Crisis

Lena Petrova:  6-20-2024

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

 

 

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

110 million people from Asia Joining BRICS: What next?

110 million people from Asia Joining BRICS: What next?

Fastepo:  6-20-2024

Malaysia and Thailand have both shown interest in joining BRICS, a coalition currently comprising Brazil, Russia, India, China, and South Africa.

 The group is expanding, with five new countries—Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—joining the bloc since January 2024.

This expansion aims to enhance the bloc's economic and geopolitical influence, offering new opportunities for member nations to engage in trade and cooperation outside of Western-dominated frameworks.

As of June 2024, both Malaysia and Thailand exhibit significant economic advantages that enhance their positions in the global economy.

110 million people from Asia Joining BRICS: What next?

Fastepo:  6-20-2024

Malaysia and Thailand have both shown interest in joining BRICS, a coalition currently comprising Brazil, Russia, India, China, and South Africa.

 The group is expanding, with five new countries—Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—joining the bloc since January 2024.

This expansion aims to enhance the bloc's economic and geopolitical influence, offering new opportunities for member nations to engage in trade and cooperation outside of Western-dominated frameworks.

As of June 2024, both Malaysia and Thailand exhibit significant economic advantages that enhance their positions in the global economy.

The Malaysian economy is projected to grow by 4-5% in 2024, driven by resilient domestic expenditure and a diversified economic base

. Malaysia has successfully transitioned from a commodity-based economy to one with robust manufacturing and service sectors.

The Thai government has implemented measures to boost liquidity and economic growth, including a proposed $102 billion budget to revive the economy.

These measures aim to stimulate domestic demand and support economic recovery.

Malaysia is on track to achieve high-income status between 2024 and 2028, reflecting sustained economic transformation and development. This progress is supported by a low unemployment rate and significant strides in poverty reduction.

Additionally, Malaysia’s strategic geographic location and strong geopolitical relationships enhance its trade capabilities, particularly in electronics, automotive, and palm oil production. Thailand’s robust trade relationships with major economies like China and India position it as a key player in regional and global markets.

Exports to these countries include a wide range of products such as automotive parts and chemicals, showcasing Thailand's diversified export base.

In this video, we will examine how the inclusion of Malaysia and Thailand will create mutual benefits for both these countries and the existing BRICS nations.

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

 

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Thursday Afternoon 6-20-2024

KTFA:

Clare:  National Bank of Iraq


@NBIraq:  بخطوات بسيطة هسه تكدر تودع فلوسك من خلال اجهزة الصراف الآلي بكل سهولة

TRANSLATION:    With simple steps, you can now deposit your money through ATMs with ease

CLICK THE LINK TO WATCH THE VIDEO ABOUT THE ATM's https://x.com/NBIraq/status/18.....1991153862

Ryan1216:    We have to be EXTREMELY CLOSE to a rate change now that money can be deposited into ATM’s. IMO. What do you think Clare?

Clare:   IMO, WE ARE EXTREMELY CLOSE. THE LAST FEW UB2B'S SHOW THAT. DID YOU CATCH WHAT EDDIE'S FRIEND SAID LAST NIGHT?  "AT ANY MOMENT" IT COULD BE POSSIBLE.

KTFA:

Clare:  National Bank of Iraq

@NBIraq:  بخطوات بسيطة هسه تكدر تودع فلوسك من خلال اجهزة الصراف الآلي بكل سهولة

TRANSLATION:    With simple steps, you can now deposit your money through ATMs with ease

CLICK THE LINK TO WATCH THE VIDEO ABOUT THE ATM's https://x.com/NBIraq/status/18.....1991153862

Ryan1216:    We have to be EXTREMELY CLOSE to a rate change now that money can be deposited into ATM’s. IMO. What do you think Clare?

Clare:   IMO, WE ARE EXTREMELY CLOSE. THE LAST FEW UB2B'S SHOW THAT. DID YOU CATCH WHAT EDDIE'S FRIEND SAID LAST NIGHT?  "AT ANY MOMENT" IT COULD BE POSSIBLE.

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

Clare: KBR wins $46m Contract to Support Sustainable Development in Iraq

19th June 2024   By John Lee.

American engineering firm KBR has announced that it has been awarded a five-year contract, with options, to support the Iraqi government's visionary infrastructure and future energy ambitions, including the delivery of megaprojects and sustainable development.

Under the terms of the $46 million contract, KBR will provide its differentiated advisory and consultancy capabilities to the Iraqi Government's Ministry of Planning, with a focus on creating an effective program environment to support successful delivery of strategic megaprojects.

Focus areas of KBR expertise supporting the ministry, who interface with all ministries and formations in the Iraqi government, will include economic planning, strategy development, feasibility studies, technical reviews and large-scale project management.

This contract, which encompasses a comprehensive range of planning and development services, will further elevate the significant role KBR is playing in the development of Iraq's energy sector - working closely with various ministries to identify, design and implement critical projects aimed at enhancing the country's economic and social landscape.

KBR's focus on innovation and sustainability will be integral to delivering the ambitious development plans, aligning with Iraq's long-term vision for growth and environmental stewardship.

Jay Ibrahim, President of KBR Sustainable Technology Solutions, said:

"This is a great example of KBR utilizing its growing global capabilities to support regeneration and sustainable growth of a nation. We are proud to further our partnerships in country, where we are already helping make our customers' ambitious plans a reality. With our deep expertise in engineering and energy solutions, KBR is well positioned to help our valued customers meet their energy security and sustainability objectives."

KBR will support delivery from its global locations, in addition to expanding its well-established footprint in country through the creation of an operational office in Baghdad and the wider prospect of building an engineering design center to enhance the skills of Iraqi engineers. LINK

BuckEyeTree:  More good news for Iraq with KBR, an American company, establishing an operational office in Baghdad.

Also, the ATM tutorial about ability to make deposits into the ATMs is not only a convenience for Iraqis, but IMO another way for the CBI to collect 3 zero notes that may be in the dinar mattresses.

IMO in the coming days, Iraqis will be able to withdraw the lower notes as soon as they are released with new rate. Just waiting whatever comes next.

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

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

Militia Man  Article:  "The Iraqi government is currently weighing the question of changing the currency so the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320.  Implementing such a decision is likely significantly increase Al-Sudani's popularity."  That was March 11, 2024.

Frank26
  [Iraq boots-on-the-ground report]   FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate.  Then Sudani comes out and talks to us about it as well...in March...considering a change in our currency to 1.32 from 1320.  Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320. FRANK:  They keep the exchange rate at 1320 to give you more purchasing power...They are about to give this power to you.

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

Tax Scenario for Exotic Currency & Crypto Profits

Edu Matrix:  6-20-2024

Tax Scenario for Exotic Currency & Crypto Profits: Many of you say you want an RV; however, if it were to happen tomorrow, many of you would not be ready.

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

Housing Market CRASH Early Warning Signs

Taylor Kenny:  6-20-2024

As the housing market teeters on the edge of instability, signs of trouble loom large despite record prices and dwindling inventory.

With echoes of the 2008 crash, risky financial practices like 0% down payment loans resurface, threatening to ensnare vulnerable buyers in a web of debt and foreclosure.

Against a backdrop of economic slowdown, rising inflation, and banking sector vulnerabilities, the looming specter of a market crash underscores the urgent need for safeguarding wealth with tangible assets like gold and silver.

https://www.youtube.com/watch?v=r64afXyQ6lA

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Economist’s “News and Views” Thursday 6-20-2024

BRICS Announces Massive Trade Agreement to Ditch the US Dollar

GeoPolitical Analyst:  6-19-2024

The BRICS economic alliance has announced an extensive trade agreement that will effectively ditch the US dollar.

The collective settled on an agreement with a plethora of outside nations to settle trade dealings in their national currencies, circumventing the use of the greenback. The agreement includes all BRICS nations as well as Thailand, Laos, Sri Lanka, Kazakhstan, Venezuela, and Bolivia.

Moreover, it becomes one of the bloc’s most extensive de-dollarization policies in its history. Its presence should only be magnified by the impending arrival of the bloc’s independent payment system.

BRICS Announces Massive Trade Agreement to Ditch the US Dollar

GeoPolitical Analyst:  6-19-2024

The BRICS economic alliance has announced an extensive trade agreement that will effectively ditch the US dollar.

The collective settled on an agreement with a plethora of outside nations to settle trade dealings in their national currencies, circumventing the use of the greenback. The agreement includes all BRICS nations as well as Thailand, Laos, Sri Lanka, Kazakhstan, Venezuela, and Bolivia.

Moreover, it becomes one of the bloc’s most extensive de-dollarization policies in its history. Its presence should only be magnified by the impending arrival of the bloc’s independent payment system.

Over the last two years, the BRICS economic alliance has grown tremendously. The grouping has sought to increase its relevance on a global scale and introduce an increasingly multipolar world. A massive part of those efforts are connected to the introduction of landmark economic policies.

Now, the alliance has announced a monumental development that could have immense ramifications for global finance.

 Specifically, BRICS announced a massive trade agreement at this week’s Foreign Ministers Meeting that would ditch the US dollar for all alliance trade settlements.

The nations included will opt to settle all trade with national currencies as opposed to Western alternatives.

https://www.youtube.com/watch?v=4xLVTTslaJU

Fixed Prices? Price Controls? Shortages? Rationing? ITS ALL COMING...

Greg Mannarino:  6-20-2024

https://www.youtube.com/watch?v=_2QvMJciA80

‘The End Of Fiat Currencies As We Know It’ | Gary Wagner

David Lin:  6-19-2024

Gary Wagner, Editor of TheGoldForecast.com, discusses his outlook for inflation, gold, monetary policy, and the impact of AI on our economy.

0:00 - Intro

0:55 – Inflation

 9:44 - Consumer sentiment

12:00 - Fed monetary policy

15:32 - Stocks

20:25 - Gold and fiat

https://www.youtube.com/watch?v=85d-2YUYaxM

Read More
Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Good Morning Dinar Recaps,

"Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments.

Adopting a CBDC, however, requires careful consideration. Countries across these regions, spanning a diverse group of economies stretching from Morocco and Egypt to Pakistan and Kazakhstan, each must weigh their own unique set of circumstances

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Good Morning Dinar Recaps,

"Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments.

Adopting a CBDC, however, requires careful consideration. Countries across these regions, spanning a diverse group of economies stretching from Morocco and Egypt to Pakistan and Kazakhstan, each must weigh their own unique set of circumstances.

Many of the 19 countries currently exploring a CBDC are at the research stage. Bahrain, Georgia, Saudi Arabia, and the United Arab Emirates have moved to the more advanced “proof-of-concept” stage. Kazakhstan is the most advanced after two pilot programs for the digital tenge."   IMF

Per conversations Dee, Sam, and I have had with our CBI contact, Iraq will be using CBDC for Cross-Border Trading.

© Goldilocks

👆 Iraq is not ready yet.
~~~~~~~~~

Iraq to repatriate all its citizens from al-Hol refugee camp in Syria

BAGHDAD, June 18 (Xinhua) -- The Iraqi government on Tuesday has decided to return all Iraqis from the al-Hol refugee camp in Syria, the official Iraqi News Agency (INA) reported.

Karim al-Nouri, deputy minister of the Ministry of Migration and Displaced, told the INA that the "total number of refugees in the al-Hol camp is more than 50,000 people from different countries, including 20,000 people from Iraq."

He said that the Iraqi government had established a high-level committee to scrutinize the security situation of the refugees.

Al-Nuri also said that those returning from the al-Hol camp would go through community rehabilitation programs at the al-Jada'a camp in Iraq's northern province of Nineveh, stressing that about 3,000 people so far have returned to their homes in Iraq, according to INA.

The al-Hol camp is known to be housing refugees, with a significant number of them being family members of IS militants. ■    English News

~~~~~~~~~

READ PDF HERE

ESMA75-453128700-949_Final_Report_MiCA_cooperation_technical_standards.pdf

Final MICA Standards Announcement:

The European Banking Authority (EBA) delivers their final group of MiCA Technical Standards just before the June 30th, 2024 deadline for their digital regulations to become law.


Reference
ESMA75-453128700-949
Section
Digital Finance and Innovation
Guidelines and Technical standards
Type
Final Report
Main Document
ESMA75-453128700-949 Final Report on MiCA cooperation technical standards
(EN)
Style
ESMA document

There were 14 technical standards and 3 guidelines finalized and published. This completes EBA's delivery of their technical standards under MiCA.   Esma Europa

© Goldilocks

~~~~~~~~~

https://x.com/DROPZXRP/status/1803739866741522574

~~~~~~~~~

"As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite."

The division of money flows has been taking place for some time, but we are beginning to clearly notice a new Economic Continental Divide.

Trading routes have been rerouted these last few years, and bilateral free trade agreements have been signed.

The emergence of a multi-polar Global Economy is beginning to be realized through countries supporting their own payment systems with the use of their own local currencies over the World Reserve Dollar.

With a new Digital Monetary System coming into play with Real World Assets backed by commodities and easy access to a fractionalized monetary trading policy, the expectation of a world with solid currency (Gold) through tokenized asset values is becoming a reality.  WolfStreet   Investopedia

© Goldilocks

~~~~~~~~~

ISSA survey shows rising strategic importance of DLT adoption - Ledger Insights - blockchain for enterprise

~~~~~~~~~

Bank of America finds younger investors prefer crypto, alternatives to stocks - Ledger Insights - blockchain for enterprise

~~~~~~~~~

Ripple CEO Predicts End of XRP Lawsuit This Summer | Crypto News Flash

~~~~~~~~~

Investors around the world are dealing with new trading mechanisms that are beginning to reroute money flows through a new digital asset-based trading system.

The movement of money is not the same. New digital accounting regiments are changing the direction of money based upon new re-entrances of local currencies being traded abroad.

At the end of this month, we're going to have guidelines, regulations, and new laws to change the way we do business.

Don't blink, it is happening right before your eyes.

© Goldilocks

~~~~~~~~~

Nomura’s Laser Digital to Offer Crypto Trading, Asset Management in Abu Dhabi | Finance Magnates

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Thursday 6-20-2024

TNT:

CandyKisses: Demand to prevent the new American ambassador from entering Iraq


Information / Baghdad.

A member of the popular legal movement, Ahmed Shahid al-Shammari, called for preventing the new US ambassador Tracy Jacobson from entering Iraq because of what he described as her blatant interventions.

Al-Shammari said in an interview with the Information Agency that "the new US ambassador Tracy Jacobson is undesirable popularly, indicating that the blatant US interventions are aimed at destabilizing Iraq."

He added that "the US administration is still continuing its interference in the internal affairs of Iraq in various security, political and even economic fields, and is trying to use the file of terrorists again to provoke the Iraqi street," calling on the government to Prevent the entry of the new ambassador to Iraq and accept her as ambassador to her country in Baghdad.

Calls began to be made to the Iraqi Government and the Presidency not to accept Jacobson as the United States ambassador to Iraq because of her statements, which are blatant interference in the internal affairs of Iraq. 

TNT:

CandyKisses: Demand to prevent the new American ambassador from entering Iraq

Information / Baghdad.

A member of the popular legal movement, Ahmed Shahid al-Shammari, called for preventing the new US ambassador Tracy Jacobson from entering Iraq because of what he described as her blatant interventions.

Al-Shammari said in an interview with the Information Agency that "the new US ambassador Tracy Jacobson is undesirable popularly, indicating that the blatant US interventions are aimed at destabilizing Iraq."

He added that "the US administration is still continuing its interference in the internal affairs of Iraq in various security, political and even economic fields, and is trying to use the file of terrorists again to provoke the Iraqi street," calling on the government to Prevent the entry of the new ambassador to Iraq and accept her as ambassador to her country in Baghdad.

Calls began to be made to the Iraqi Government and the Presidency not to accept Jacobson as the United States ambassador to Iraq because of her statements, which are blatant interference in the internal affairs of Iraq. 

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

Tishwash:  An “extraordinary” meeting of the armed factions in Iraq regarding the American presence.. What about the truce?

The "Iraqi Resistance Coordination Committee", which includes a number of armed factions allied with Iran, announced the holding of a meeting, which it described as "extraordinary", to discuss the issue of the American presence in Iraq, as it confirmed its ability to end it "by all means" during the first meeting of its kind since the cessation of bombing operations and targeting of interests. The US has been in Iraq for more than five months, as the Iraqi arena is witnessing a calm state of security.

Since the beginning of last February, the "Iraqi Resistance" factions have entered into a truth with the American side following their assassination of the leader of the Iraqi Hezbollah Brigades, Abu Baqir al-Saadi , and no operation has been carried out against American interests Since that period, despite the continued activity of American aviation. Flying in Iraqi airspace, especially in Baghdad, Anbar, and the Kurdistan region of Iraq.

The Iraqi Al-Nujaba Movement, which is part of those factions, confirmed at the time that “societal, political and religious pressures” pushed for what it called “calm” with Washington, to pave the way “for the Iraqi government to take the initiative towards developing solutions to end the presence of the coalition.” international in the country. The leaders of the armed factions are awaiting the results of the work of the Iraqi-American Military Committee, which is responsible for assessing the field situation in Iraq and the threat of the terrorist organization ISIS, and setting a date for ending the presence of the international coalition.

In a statement, the first of its kind since the armistice, the coordination stated, last night, Wednesday, that it “held an extraordinary meeting to discuss events in the region in general and in Iraq in particular,” indicating that it discussed what it called “the opportunity that it gave the government - more than four months ago.” “Including scheduling the withdrawal of the American presence from Iraq.”

Criticism of the American presence in Iraq

She explained, "The attendees stressed the need to continue moving forward to achieve the country's autonomy, after the enemy's procrastination and stubbornness, so that it remains occupying our land, despising our skies, controlling the security and economic decisions, and interfering in Iraqi affairs with all reccklessness and arrogance, as if he does not know what awaits him after this opportunity," stressing that "The Iraqi people, their proud resistance, and loyal politicians, tribesmen, and people's representatives are able and determined to end this file and close it, using all available means, to restore security and stability, and achieve full autonomy.”

The “Coordination Committee” did not reveal a clear position regarding the truth or whether it was considering ending it, but a government source confirmed that “an agreement was made with the factions to stop all attacks until the file of the American presence in Iraq is resolved, which is the file that the Iraqi government and the American side are working on,” indicating. He told Al-Arabi Al-Jadeed, on the condition that his name not be mentioned, that “the facts had previously provided guarantees to the government not to violate the truth until the issue was officially resolved.”

The source confirmed that “to date, no notification has reached the government from the facts of their intention to carry out specific attacks, which means that the guarantees are still in place,” noting that “the government is following up on the file and will soon hold subsequent meetings with the American side in light of anticipated reports of the American-Iraqi Committee.” .

Iraq is an arena of conflict

The candidate to assume the position of US Ambassador to Baghdad, Tracy Ann Jacobson, said that “the militias allied with Iran are the main threat to Iraq,” as she stressed, in her opening speech before the Senate Committee on Foreign Relations, several days ago, the importance of enhancing stability, security, and independence. Iraq, considering that ISIS still poses a threat in the region, and that the US Army is still providing support to the Iraqi security forces.

Anne Jacobson also stressed the importance of Iraq strengthening its relations with its neighbors, and that “the presence of economic development, and a government capable of providing services to its people, reduces the attraction of terrorism” and also reduces the influence of militias allied with Iran, which she said “pose a great danger to the future of the country,” considering “Iran is a malicious actor in Iraq and destabilizes the region,” she added, adding: “We realize that the main threat to Iraq is the militias allied with Iran.”

Talks between Baghdad and Washington began last January, less than 24 hours after three American soldiers were killed in an attack in Jordan. The United States said that it was carried out by extremist groups allied with Iran in Syria and Iraq, which prompted Washington to carry out retaliatory strikes in Iraq that resulted in the assassination of prominent leaders in the armed factions, which prompted them (the factions) and the political parties associated with them to escalate their demands to remove the coalition forces from... The country.

The first round of bilateral dialogue between Baghdad and Washington, which was held in Baghdad, on January 27, led to an agreement to form a joint military committee to review and end the coalition mission and move to bilateral security relations, in light of the widespread criticism against the American presence in Iraq.   link

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

Tishwash: IBBC Conference: Much To Celebrate In Iraq As Energy Takes Centre Stage

IBBC's ( Iraq Britain Business Council) 15th Anniversary Conference. Much to celebrate in Iraq as energy takes centre stage.

IBBC is celebrating 15 years in Iraq at a time when Iraq is moving into a new prosperous and stable era. IBBC Spring conference at the Mansion House on 2nd July will reflect our members diversity and the modernisation that Iraq is currently experiencing.

With an expanding stable Economy and a service sector growing at 6% pa, Iraq is diversifying beyond its core energy sector and opportunities to invest have rarely been so healthy.

Of note is the presence of key delegates: H.E. Hayan Abdul Ghani Al-Sawad, Deputy Prime Minister & Minister of Oil, Ministry of Oil, H.E. Mr. Ali Mohsin Ismail Al Alaq, Governor of the Central Bank of Iraq, H.E. Mr Asaad Al Eidani, Governor of Basrah, Dr Fareed Yasseen, Iraqi Climate Envoy, Eng Adil Karim , Deputy Minister of Electricity, KRG ministers and keynote address from The Rt Hon Lord Howell of Guildford.

The Iraqi economy is quietly diversifying, with the evolution of services, travel, tech, and retail sectors, but the dominant energy sector is also evolving, with new players technologies and climate reduction activities. Oil and Gas are still at the centre of this conference and Iraq's economy, with the IBBC Energy Panel, which see the big players in energy policy and practice including Dr Luay Al Khateeb , Centre on Global Energy Policy - Columbia University , Ms Dunia Chalabi, TotalEnergies, Mr Zaid Elyaseri from BP, Mr Andrew Wiper from Basra Gas Company, Mr Hasan Hashmat from Hydro-C and Mr Ellis Renforth from Wood Plc

IBBC as champions of best practice and the private sector publish special reports and white papers for reform, and this conference ' Insights and Opportunities' will launch our latest reports from Professor Frank Gunter, IBBC Advisory Council, on Foreign exchange, banking reforms and de-dollarisation: 'Two Cheers for Iraq: The Dinar - Dollar Exchange Rate Challenges' and a new report on emergent agricultural initiatives through IBBC's Agritech committee with the Agriculture Minister.

Ministers will also address the procurement opportunities across $400bn Government investment in key sectors, agriculture, transport, infrastructure, and you will hear about regional development at special roundtables with KRG Ministers and the Governor of Basra.

Special education and skills sessions will follow two GOI MOU's with IBBC and last year's focus on integrating and adapting education skills and curriculum to the business requirements of a modern economy.

Transport too is booming, through the ports, where electronic trade has seen a 128% increase, and the dry canal project linking Basra to Turkey and the Mediterranean, silk road and European markets. The project will have profound impact on cities along the route and for both import and export trade. IBBC members CJ-ICM and Sardar Group will inform us of activities and the evolution of electronic and port management systems already in place (see our '23 report on ports ).

Opening the conference the President of the Confederation of British Industry (CBI) Rupert Soames OBE gives a keynote speech from the British industrial perspective, and as a previous member of IBBC is well placed to comment of UK's business relationship and opportunities with Iraq.

Delegates will always find significant networking opportunities and the reception on 1st at the Mansion House celebrates IBBC's 15 years with a special exhibition on Gertrude Bell and our members activities, it's also the best informal networking opportunity among delegates, speakers and founder members and the chance to forge new friendships.

Iraq now enjoys a stable and focused government intent of reconnecting with the region, fiscal surpluses that are converting into new infrastructure projects, and a growing more prosperous population, keen for modernisation and the benefits of a consumer economy.

IBBCs membership matches this diversity, and the lineup of speakers and topics reflects today's Iraq. View the agenda here , and to register to attend the conference. We are certain there will be big demand for tickets register now to avoid missing out.

Join with us and share the insights and opportunities that a modern and stable Iraq now offers. link

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

Mot: Siiiiiiiiiiiggggggggghhhhhhhhhhhhhhh!!!!!

Mot:  . And -- Just Like That!!!! Pooooooooooooooooof!!! 

Read More