Goldilocks, Judy, DJ and more.....Monday Morning 8-8-2022
Goldilocks: RVhighlights, [8/7/2022 3:48 PM]
There are several laws lining up to move through the government that will activate a reset in the digital banking system.
These laws will enable us to move forward along with a revalued market. Watch for new price action values to take place in the shipping industry as well as the markets at any moment.
New monetary policies and gold prices will affect the dollar and other currencies that will position us for a steady climb into more profitable engagements in the economy.
* Goldilocks
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 8 Aug. 2022
Compiled Mon. 8 Aug. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Global Currency Reset liquidity remained imminent though no one was privy to exactly when Tier4B (us, the Internet Group) would receive notification to set exchange/ redemption appointments. Any dates given would be guesses or rumor.
The GCR launch would be determined by Military Quantum Computer calculations and dependent upon a worldwide Near Death Civilization Event – which could be the Sat. 6 Aug. Israel launch of Air Strikes to Gaza & Missiles to Israel, while China deployed 66 War Planes, 14 War Ships & 22 Aircrafts that crossed the Taiwan Strait, and/or Collapse of World Financial Economy that was in Progress.
Completion of the Global Currency Reset was close. The Chinese Elders have already released the funds, some bonds have been made liquid; all 209 Nations have gone gold/ asset-backed including the US Note and all were trading on Market back screens (not made public); the fiat Dollar and UK pound were no more and the monies could not stay stagnant, but had to continue to be paid out.
Thurs. evening 4 Aug. Bruce: Tier4B (us, the Internet Group) should receive notification over the weekend Sat-Sun 6, 7 Aug. and have access to funds Mon. 9 Aug. or Tues. 10 Aug.
Sun. 31 July Charlie Ward: Some Bonds have been monetized.
Wed. 3 Aug. MarkZ: Bond Holders and Church Groups have been told their liquidity was imminent.
Iraq has a new Dinar Rate that was trading in the international community, though it has not yet been made public. Thurs-Sat Aug. 4, 5 Iraq was scheduled to go dark and be off the grid, coming back Sun. evening 7 Aug. …Bruce
We will have about 10 days to exchange or redeem our currencies and bonds (Zim) for the special rates. …White Hat Intel
The Ten Days of Darkness have already happened in some places. The Internet will go dark in only certain places like New York and LA and then for only 1-3 days. …Charlie Ward.
Read full post here: https://dinarchronicles.com/2022/08/08/restored-republic-via-a-gcr-update-as-of-august-8-2022/
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Courtesy of Dinar Guru
Frank26 We're going to see a new exchange rate of the currency through Kazemi's government and IMO parliament will eventually be dissolved. Just like Kuwait...dissolved their parliament for a very good reason. This will be good for Iraq... Kazemi will have a caretaker government with all the powers behind it...that dissolvement gives Kazemi majority rule. This will give Kazemi full power for two years. And that's good. No body will be able to do or say anything against him. That's a good amount of time IMO for the monetary and economic reforms.
Nader From The Mid East Iran completely lost control. That's very good news. Iran lost control of Iraq and that's good news. The citizens of Iraq came out and said enough is enough.
DJ: DID YOU KNOW?
As of June 23, 2022, the U.S. government’s total debt was $30.4 trillion. But as everyday citizens do we really know what that debt means or how it breaks down? The national debt is an accumulation of federal budget deficits.
The question that came up was “ If the U.S. collected what was owed by other countries to us compared to how much we owe to them, what would be the difference?”. When it comes to foreign debt, they owe us approximately $9 trillion and we owe them (Whoever that may be) $7 trillion. Iraq and Afghanistan alone owe us $6.5 trillion. In other words if everybody settled up their debts we would be roughly $2 trillion ahead.
Three quarters of our national debt is internal. We borrow against our own entities. Entities like Social Security and Medicare. Everyone pays into these funds on the premiss they will need these benefits in the future. So these funds pile up for expected payouts in the future.
We ,the U.S. government, incur debt when it issues “Treasury Securities” to fund the deficit between the amount of money that it receives in taxes and other revenues versus the amount of money that it spends. (National defense, war, welfare, interest and other social programs).
The last time the federal government had a surplus was 2001 ($127 billion). A surplus occurs when the government collects more than it spends. The only time in history the U.S was debt free was in 1835 when Andrew Jackson shrank our debt to zero. Now consider this. Our entire national debt didn’t hit $7 trillion until 2004. In other words, the U.S. has accumulated as much debt and more in the past two years as it did in its first 228 years.
This has to do with party philosophies. The Republican party leans more towards individual freedoms, less government involvement, rights and responsibilities. In contrast, Democrats attach greater importance to bigger government, equality and social/ community responsibility. These differences in philosophy also permeate in fiscal policies.
There is something called Modern Monetary Theory (MMT). MMT suggests that a country that can issue its own currency, borrowing capacity, is limited mainly by the rate of inflation it’s willing to tolerate. In this model, taxes are raised to cool inflation rather than to offset government spending. The mentality is if people have less to spend it will ease supply and demand. Supply will increase as demand subsides. That’s why the Fed increases interest rates. It makes getting money harder so people quit borrowing and supply catches up with demand. Remember inflation is when there isn’t enough goods for the demand so they fetch higher prices for the goods and services. MMT is the go-to philosophy of the current administration.
The Republican party believes more in cutting government spending, deregulating, and cutting taxes. Cutting spending reduces the amount needed to run the government. Deregulating reduces the cost of goods. Cutting taxes adds to the deficit because it reduces the amount of revenue the government takes in. But cutting taxes puts more money in the hands of the public to buy more of the goods. Thereby increasing tax revenue due to more buying. Thereby stimulating economic growth.
Both work. But MMT chokes the public and causes a period of struggle for most and hinders economic growth “on purpose”. The other way thinks to raise the supply of goods to meet the demand as opposed to cutting the supply of goods to ease the demand.
You have to ask yourself what makes more sense. DJ