Goldilocks: "Consumer Confidens, Iraq, Gold Backed Currency and more 4-5-2023
Goldilocks and Seeds of Wisdodm
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted commentaries and links:
Consumer confidence has reached the retail investor.
Sentiment has slowed in stock purchasing power and even desire.
This is 70% of the market, and it is causing cautionary flags across several sectors at this point.
Last week, I shared with you to watch this week and next week very closely. I believed we were going into the danger zone.
We currently have some new preliminary indicators showing this to be true.
The use of the dollar falling around the world will also create several changes these next two weeks.
On top of this, we still have people moving their money around in banks and withdrawing from them as well.
Trust in the old financial system continues to fall.
© Goldilocks
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"The Republic of Iraq, at the crossroads of several trade routes in the Middle East, has become the 78th country to accede to the United Nations TIR Convention."
This allows Iraq to move beyond the oil markets, and into, several other market sectors.
Iraq will now be able to leverage the potential of International trade.
This move will support their economic growth, prosperity, and self-sustaining development.
The timing of this is impeccable. As the dollar fades in its value, this is a wonderful International opportunity for Iraq to create demand for their currency.
© Goldilocks
https://www.iru.org/news-resources/newsroom/iraq-joins-tir-boost-trade-and-economic-development
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"His Excellency the Governor of the Central Bank of Iraq, Mr. (Ali Mohsen Ismail), received today, Tuesday, the representative of the World Bank in charge of preparing the financial sector assessment project in Iraq, Mr. (Syed Mahdi Hassan) and his accompanying delegation."
"During the meeting, a summary of the report of the financial reform program in Iraq was presented, the enhancement of bilateral cooperation, the reform of the Iraqi banking sector, especially the governmental one, which represents 80% of the banking sector as a whole, as well as the adoption of institutional governance and the organization of the structure of banking institutions."
"The two parties discussed opportunities to develop information technology in The government banking sector and the use of comprehensive banking systems in Al-Rasheed and Al-Rafidian Banks."
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The main objectives of financial reform planning has to do with allocating resources efficiently, increasing a return on investment, and accelerating the growth of an economy.
As you can see from the above article and the work they have been doing with electronic mechanisms that allocates their money into different countries efficiently, this was a strategic planning meeting designed to bring in and share revenue with countries beyond Iraq.
© Goldilocks
The Central Bank of Iraq,
the media office,
April 4, 2023
https://cbi.iq/news/view/2297
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"Upon passage of H.R. 2435, the U.S. Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be formally repegged to a fixed weight of gold at its then-market price.
Federal Reserve notes would become fully redeemable for and exchangeable with gold at the new price, with the U.S. Treasury and its gold reserves backstopping Federal Reserve Banks as guarantor."
In other words, once the law is passed that we are repegging a fixed rate of gold to the dollar again.
We have two years to prove we have the gold we claim to have.
Then, we can repeg the dollar to gold using the Federal Reserve Note to do so.
At this time, the bill is actively on the table.
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