More News, Rumors and Opinions Thursday PM 12-5-2024
Gold Telegraph: Change is Happening in the Global Financial System
12-4-2024
China has announced a ban on rare mineral exports to the United States.
Again, Financial assets vs. Elements.
BREAKING NEWS: DEVELOPING COUNTRIES SPENT A RECORD $1.4 TRILLION TO SERVICE THEIR FOREIGN DEBTS IN 2023 AS INTEREST COSTS CLIMBED TO A 20-YEAR HIGH
You wonder why change is happening in the global financial system?
The BRICS nations collectively accounted for about $578 billion in United States imports. There is good reason for the United States to be worried about BRICS nations reducing their dependency on the dollar. The dollar currently serves as the economic heartbeat of America.
BREAKING NEWS: CHILE AIMS TO INVEST $83 BILLION IN MINING THROUGH 2033
This is the world’s biggest producer of copper.
“About 52% of spending totaling $42.96 billion is pegged for projects planned between 2024 and 2026…”
Many Chinese metal importers have stopped buying United States copper scrap in anticipation of tariffs.
Finance vs. Elements.
China is the biggest importer of copper.
Russian President Vladamir Putin questioned holding state reserves in foreign currencies, citing risks of political confiscation. Countries around the world pay close attention to these types of comments. Gold.
Jerome Powell says:
“There is very, very broad support for the Federal Reserve to pursue monetary policy for the benefit of all Americans at all times.”
Thank you, Mr. Powell, for providing the joke of the day.
The French government has collapsed.
The world is a cold place, maybe that’s why I gravitate to gold. What can you trust?
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Ariel (@Prolotario1): Showed the Iraqi Dinar to a Capital One Manager
I was showing a manager at Capital One the other day all the accounts on X some who I know have Iraqi Dinar. On how people want this to be a scam more than they want me or my followers to be right about holding it for an ROI.
And this manager already has multiple SKRs from investors he is ready to manage once the new exchange rate is released. I live in the real world. Where results are real-time. Face to face contact with banking offers or services to help compound on your capital.
Online opinions remain a virtual remnants of ideas confined to a digital space that has no bearing on organic human interactions with tangible applications. This is something detractors underestimate. IQD is not a stock. Buying it will not raise the price.
Meaning nobody is currently marking up rates on X who are not selling this currency to you but only giving you a heads up on what will happen once the CBI decides it is the right time to reinstate their currency at parity level with the US dollar. Which is designed to level the playing field for all countries.
Source(s):
https://x.com/Prolotario1/status/1864432194032128123
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat As investors we all...should realize that there is a deal with China and Iraq on providing oil at a fixed price. This deal was brokered by the US Treasury and it included pre-selling some of the U.S. oil credits to China at a fixed price. But these are credits and these credits only materialize when we, as investors then exchange our dinar. Yes, billions in oil credits... I talked about these oil credits...when I described... how this RV would be paid for...
Frank26 Everything is in place for the monetary reform to be given to the Iraqi citizens. The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform. We also know at the end of this year, December 31st, the auctions come to an end...It was the dollar that was keeping the Iraqi dinar stable. What are you going to do when you don't have the auction? When you cannot use the dollar anymore in your country? ...You gave the dollar because the dollar had a very good exchange rate. Now the dollar is taken away you need a very good exchange rate. That is exactly what they are doing in my very strong opinion. They're saying we're at 95%. Where's the 5%? IMO it's an awful lot of different things being requested by Donald Trump by Iraq...
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"Markets HORRIFICALLY OVERVALUED As Insiders Head For The Exits" - Mike Maloney
12-5-2024
“If this is a measurement of the scale of our bubble…that is saying…this is horrifying.
This is absolutely horrifying. If this reverts to the mean, we are talking about a Modern Dark Age. And the informed people on the Titanic, are getting into the lifeboats right now.
That is what’s going on.” –