News, Rumors and Opinions Thursday AM 6-2-2022
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 2 June 2022
Compiled Thurs. 2 June 2022 12:01 am EST by Judy Byington
Global Currency Reset Reminder: No one, and I mean Absolutely No One knows the exact time and date that the Global Currency Reset would be finalized, with codes entered for notification of Tier 4B (us, the Internet Group) to set redemption/ exchange appointments. That deadline would be decided by the Military out of calculations of their Quantum Computer and based upon concerns for safety of The People. Trust the Plan.
Global Currency Reset Funds would be available to the General Public somewhere around the beginning of June according to Charlie Ward. Several sources claimed that Tier 4B would start by Thurs. 2 June.
By some time Wed. 1 June all banks of the world had to be Basel III Compliant, all currencies of the world needed to be gold/asset-backed and all nations had to be on the Quantum Financial System.
The gold-backed Chinese Yuan has replaced the fiat US Dollar as the world’s reserve currency. On Thurs. 11 May the Global Currency Reset was activated . A few days later the King Pin of the GCR – the Iraqi Dinar – was removed from an International Sanction’s List and Iraq was told they could revalue their Dinar at any time. According to Ward, on Fri. 20 May the GCR Tokens were issued, with certain qualifying banks given liquidity in the new financial system and on Mon. 30 May the Sovereign Gold Bonds went live.
A Bank’s Basel III Compliance: Based in Basel, Switzerland, the Basel Committee on Banking Supervision was the international forum over regulation of all banks in the world. As of 1 Jan. 2015 if the Bank was Basel III compliant it insured that bank had adequate capital (between $500 million and $10 billion in gold and assets) in their reserves to cover their business in the new global gold/asset-backed currency system. If the bank was Basel IV compliant it meant that they had even more than $10 billion in gold and assets in their reserves.
Read full post here: https://dinarchronicles.com/2022/06/02/restored-republic-via-a-gcr-update-as-of-june-2-2022/
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TNT:
Harambe: Indonesia central bank sees 2023 avg rupiah exchange rate at 14,400-14,800/$ | CAN
(5/31/22)
JAKARTA : Indonesia's central bank predicts the rupiah will weaken slightly against the U.S. dollar next year, even as the Federal Reserve is expected to hike interest rates several times through to 2023, its governor said on Tuesday.
Perry Warjiyo said the rupiah's exchange rate is seen averaging at a range of 14,400 to 14,800 a dollar in 2023, compared with Bank Indonesia's (BI) expectation for the currency to trade on average at 14,300 to 14,700 in 2022.
The governor also gave a 2023 gross domestic product growth projection of 4.7-5.5 per cent, higher than BI's outlook of 4.5-5.3per cent for 2022.
The rupiah traded at 14,580 a dollar at Tuesday's market close and is down about 2.3 per cent so far this year, a depreciation rate that Warjiyo said was better than some other emerging markets.
"Export earnings have been able to support the stability of the exchange rate. Foreign currency supply is pretty good," he told a hearing with parliament's budget committee that discussed economic outlook for 2023.
Warjiyo said next year's exchange rate outlook "is supported by good fundamentals and stabilisation measures that will be conducted continually by Bank Indonesia."
Resource-rich Indonesia has been enjoying an export boom since last year, amid an rise in commodity prices.
BI expects Indonesia's current account deficit to widen next year to 1.4 per cent to 2.2 per cent of GDP, from 2022's deficit prediction of 0.5 per cent to 1.3 per cent, Warjiyo said.
However, the governor warned of "unfriendly global economic conditions", citing the war in Ukraine and a projected increase in the U.S. Fed Funds Rate to 3.25 per cent by 2023.
Finance Minister Sri Mulyani Indrawati earlier this month told parliament she predicted government bond yields would rise significantly next year, giving a range of 7.34 per cent to 9.16 per cent for the benchmark 10-year tenure, due to potential capital outflows linked to global monetary tightening.
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Harambe: Zimbabwe forex auction rate remains above interbank rate | The Insider
(6/1/22)
Zimbabwe foreign currency auction rate today remained above the interbank rate which fell to $304.4223 to the United States dollar against yesterday’s auction rate of $308.5201.
The black market rates remained unmoved at $360 for cash to $450 for swipe and zipit transactions.
The interbank rate is based on a willing-seller-willing buyer concept, making one wonder what is driving the black market rate.
Two economists, Gift Mugano and Tony Hawkins, have predicted that the Zimbabwe dollar will be dead by this month but Finance Minister Mthuli Ncube was optimistic that measures introduced by the government will shore up the local currency.
The measures included paying local contractors half of their fees in United States dollars and staggering the payment of the Zimbabwe dollar portion so that huge sums are not offloaded onto the parallel market.
https://insiderzim.com/zimbabwe-forex-auction-rate-remains-above-interbank-rate/
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Courtesy of Dinar Guru
Nader From The Mid East The only people who can make a decision on the reinstatement is the CBI. It's not the government. It's not parliament. It's not Al-Kazemi. It's not nobody. The CBI have to decide. The CBI make decision. The CBI will send their ideas and their statement to the parliament and they'll go, 'Okay, we're doing this and we're going to do it.' Nobody is going to stop them from doing it if they want to do it. So we wait for the CBI.
Pimpy Article "Al-Kazemi: Iraq has become one of the most important countries in the Middle East in terms of economic growth" ...Yes that's what you want to hear if you're invested in their dinar. But what good is it if you can't get the government to get formed and you can't stabilize the government and you can't stabilize the economy...the only thing holding Iraq back is Iraq . That's it...
GOLD PRICE, 401K & CHINA…Q&A with Lynette Zang & Eric Griffin
June 1, 2022
0:58 Question 1: Does it make sense to take a loan from my 401K to buy gold and silver and then just pay myself back over time?
10:07 Question 2: In case the grid goes down how much cash should we keep on hand?
11:16 Question 3: Is it possible, in our collapsing world that the gold dollar value never moves beyond its current “trading” range, but all other assets collapse to a value that would have the current gold price actually be gold’s true intrinsic value?
16:04 Question 4: Why would assets get cheaper from lopping off zeros?
16:47 Question 5: What good is owning the store if there are no customers? Can you explain what you mean?
19:17 Question 6: How do we test gold?
19:56 Question 7: If China invades Taiwan what do you see happening to the financial system in USA?