Something Big is Coming at the Fiat Financial System and Smart-Money Folks Know It : Awake-In-3D

Something Big is Coming at the Fiat Financial System and Smart-Money Folks Know It

On December 28, 2023 By Awake-In-3D

In Fiat Debt System Collapse, Uncategorized

London Gold Price Soars to All-Time High as 2023 Comes to a Close

As a telltale testimony to the crumbling state of the global financial system, the London Gold Price has shattered all previous records, marking an unprecedented milestone as the year draws to a close.

The price of the precious metal has experienced a meteoric rise throughout 2023, solidifying its status as a solid and secure asset in a time of out-of-control central banking insanity.

Since the beginning of this year, the gold market has witnessed a staggering surge.

Pic 2

12-Month Gold Cash for Delivery (CFD) Price

On January 3, the price of gold opened at $1835.05, and today it stands at an impressive gain of $232.10, representing a remarkable increase of 12.65%.

Spanning the course of the 21st century, the price of gold has witnessed a remarkable growth trajectory, surging by an astounding 633.7%.

Comparing the price at the dawn of the century, which stood at $282.05 on January 4, 2000, the current record-breaking value showcases the enduring value and significance of gold for a coming, global asset-backed system.

Ruth Crowell, the CEO of the LBMA, expressed her conviction in gold’s unparalleled role as a store of value, particularly during times of economic and geopolitical crisis. Crowell emphasized the unwavering enthusiasm with which smart-money investors worldwide have turned to gold amidst growing financial uncertainties and unprecedented volatility.

Indeed, gold has proven itself as the safe haven of choice, offering stability and reassurance in times of market unpredictability.

As the curtain falls on 2023, the LBMA London Gold Price stands as undisputed evidence to the unwavering and enduring legacy of gold.

Its remarkable surge throughout the year reaffirms gold’s position as a reliable and sought-after store of value in a self destructing fiat currency financial landscape.

https://ai3d.blog/something-big-is-coming-at-the-fiat-financial-system-and-smart-money-folks-know-it/

RV/GCR University 2: Iraq’s Dollar Crisis and Lack of Confidence in the IQD: Awake-In-3D

RV/GCR University 2: Iraq’s Dollar Crisis and Lack of Confidence in the IQD

On December 12, 2023 By Awake-In-3D

In RV/GCR

A Pragmatic Analysis of an Iraqi Dinar RV in Today’s Global Financial Landscape

This multi-part article series discusses the following subjects:

• Part 1: Iraq’s Dollar Crisis and Lack of Confidence in the IQD

• Part 2: The Current IQD Peg and Iraq’s Financial Constraints

• Part 3: Iraq’s Pivot Towards BRICS and Geopolitical Shift

• Part 4: Challenges Facing Iraq for an “Independent” RV at $3.00+ per IQD

• Part 5: A Gold-Backed PetroYuan as an IQD RV Solution

• Part 6: Why Saudi Arabia’s Recent Geopolitical Pivot Matters to Our RV/GCR

• Part 7: BRICS Alliance and its Potential Gold/Asset-Backed Common Trade Currency

• Part 8: A Pragmatic and Realistic Base Case for a Meaningful RV/GCR

Part 1: Iraq’s Dollar Crisis and Lack of Confidence in the IQD

PREMISE: Iraq, once a robust economic force with a currency $3.00 per IQD, now contends with a self-induced dollar crisis, evident in a pervasive lack of trust in the Iraqi Dinar (IQD).

The widespread reliance on the US dollar for daily transactions reflects a profound mistrust ingrained in Iraq’s political and economic landscape, exacerbated by government corruption, political instability, and the constant threat of terrorism.

The Central Bank of Iraq (CBI) and the Government of Iraq (GOI) have pegged the IQD at 1310 IQD/USD, pursuing a cautious route towards financial stability. However, the potential to re-peg the IQD at a higher rate, such as $1.00/IQD, encounters formidable obstacles rooted in existing instability and insecurity, posing a risk of economic chaos.

In a strategic shift away for the USA/Western alliance, Iraq turns towards the BRICS alliance, particularly fostering close economic ties with China and Russia, signaling a pursuit of stability and economic revitalization.

This re-calibration within BRICS, coupled with geopolitical shifts in global energy dynamics, provides Iraq a transformative prospect to break free from the conventional PetroDollar system and forge a new economic currency structure.

These significant geopolitical currents warrant a detailed analysis of Iraq’s economic challenges and, more critically, a realistic forward path for a significant RV of the Iraqi Dinar.

Iraq, once a thriving economic powerhouse, now grapples with a self-induced dollar crisis.

The Iraqi Dinar (IQD) finds itself on shaky ground, lacking the confidence of both citizens and institutions alike. In the daily transactions of Iraqi citizens, the prevalent use of dollars for everyday essentials reflects a pervasive mistrust in the national currency.

Iraqi banks further contribute to the dollarization phenomenon, driven by the reluctance of foreign businesses to engage in transactions using the Iraqi Dinar.

Iraq finds itself caught in a paradox – it has the potential to re-peg the IQD at a higher rate, but the existing issues of instability and insecurity act as insurmountable barriers. The increased US dollar reserves needed to support a high peg rate at this time would equate to financial suicide.

This crisis of confidence in the IQD is not arbitrary; it is deeply rooted in the political and economic landscape of Iraq.

Government corruption, political instability, and the persistent threat of terrorist activities within and around the country’s borders have created an environment where trust in the national currency is eroding.

The Central Bank of Iraq (CBI) and the Government of Iraq (GOI) attempt to maintain a semblance of stability by pegging the IQD at 1310 IQD/USD. However, this peg is not without reason; it is a cautious response to the challenges that a higher peg rate would bring.

Iraq finds itself caught in a paradox – it has the potential to re-peg the IQD at a higher rate, say $1.00/IQD, but the existing issues of instability and insecurity act as insurmountable barriers.

The increased US dollar reserves needed to support such a peg rate at this time would equate to financial suicide for Iraq.

The amplified instability and the deep-rooted no-confidence crisis would render such a currency RV attempt economically unsustainable at this time.

In response to these challenges, Iraq is pivoting away from its traditional alliances and turning towards the BRICS alliance, with a specific focus on bolstering strong economic ties with China and Russia.

A recent article highlighting Iraq’s strategic shift towards BRICS underscores the nation’s quest for stability and economic rejuvenation. In contrast to the perceived lack of interest or capability from the USA/Western alliance, China and Russia are seen as partners with a personal stake and the ability to help Iraq stabilize its economy – and a practical scenario for a significant RV.

An impending alignment of Iraq with BRICS raises questions about the future dynamics of the global energy markets, particularly in oil and gas.

The collaboration of Russia, Saudi Arabia, Iran, and potentially Iraq within BRICS is positioned to reshape the supply dynamics of global oil and gas.

As these nations assert dominance, the traditional PetroDollar system is expected to diminish rapidly. Iraq, finding itself at the crossroads, could emerge with the potential to embrace a new economic currency structure, breaking away from the reliance on the US dollar and the Euro.

Part 2 of this article series coming soon…

READ: Iraq is not in the same situation as Kuwait was in the 1991 Kuwaiti Dinar currency series upgrade.

The Truth About the Kuwaiti Currency “RV” in 1991

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https://ai3d.blog/rv-gcr-university-2-iraqs-dollar-crisis-and-lack-of-confidence-in-the-iqd/

RV/GCR University 1: Understanding Different Currency Exchange Rate Systems

RV/GCR University 1: Understanding Different Currency Exchange Rate Systems

On December 10, 2023 By Awake-In-3D

In RV/GCR

Subject: Outlining the different currency exchange rate systems used in the global financial system today.

Objective: Determine which currency exchange rate system is currently used by specific countries of interest.

Quiz Question: Which Exchange Rate Type and Policy Arrangeent are being used by the following countries?

* Iraq

• Vietnam

• Kuwait

• China

• Russia

• USA

• European Union

• Saudi Arabia

Currency Exchange Classifications (Types) Explained

Learning about the different exchange rate systems is vitally useful as a foundation for understanding what lies ahead when the current fiat currency debt system reaches its logical conclusion and a global currency reset (GCR) begins unfolding.

The international currency exchange classification system looks at how countries handle their currency and exchange rates.

It sorts them based on how flexible their approach is and whether they have formal or informal commitments to certain exchange rate paths.

The goal here is to understand how the choice of handling currency impacts a country’s ability to make independent decisions about its economic policies.

These classifications help explain how countries handle their currency, whether they tie it to another currency, let it float in the market, or have specific targets like controlling inflation.

There are four exchange rate types, and different arrangements for each type. Each approach has its pros and cons, impacting a country’s economic stability and flexibility which I explain below.

1. Currency Hard Pegs

1A) Exchange Arrangement with No Separate Legal Tender

• A country adopts and uses a different currency (like the US dollar) for all transactions. It means the country gives up control over its own money and policy decisions.

1B) Currency Board Arrangement

• A country committing to exchanging its currency for a specific foreign currency at a fixed rate. The catch is, it must keep enough foreign currency in reserve to support this, limiting its ability to control its money supply.

2. Currency Soft Pegs

2A) Conventional Pegged Arrangement

• A country officially fixing its currency’s value to another currency or a basket of currencies. The country is ready to intervene to maintain this fixed value, using various methods like buying or selling foreign exchange.

2B) Stabilized Arrangement

• A country where its currency’s exchange rate stays within a small margin for at least six months. This stability is achieved through official actions, but it doesn’t necessarily mean a long-term commitment.

2C) Crawling Peg Arrangement

• A country adjusting its currency slightly either regularly or in response to specific indicators, like inflation rates. The rules for this adjustment are public or shared with organizations like the IMF.

2D) Crawl-like Arrangement

• This is similar to a crawling peg, but the exchange rate must stay within a narrow range for at least six months, and the arrangement must not be considered floating.

2E) Pegged Exchange Rate within Horizontal Bands

• A country keeping its currency’s value within certain fluctuation margins around a fixed central rate. This can include countries in the European Monetary System.

3. Floating Currencies

3A) Floating Arrangement

• A country where the exchange rate is mainly determined by market forces, and there’s no set or predictable path for the rate. Authorities might intervene occasionally to prevent extreme fluctuations.

3B) Free Floating Arrangement

• A floating exchange rate is considered free-floating if government intervention is rare and aimed at addressing disorderly market conditions. Authorities should provide evidence of limited intervention.

4. Residual Currencies

4A) Other Managed Arrangement

• This category is a catch-all for arrangements that don’t fit neatly into the other classifications. It includes situations where policies frequently change, and the exchange rate arrangement is not clearly defined.

Answers to the quiz question above will be posted here soon!

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The Global Financial/Economic Landscape Transforming for a RESET – Here’s Why: Awake-In-3D

The Global Financial/Economic Landscape Transforming for a RESET – Here’s Why

On December 6, 2023 By Awake-In-3D

In RV/GCR

Russia’s Historic State Visit to the UAE and Saudi Arabia Signals a Massive Geopolitical and Economic Shift is Accelerating

Right on the heels of China’s historic visit to Saudi Arabia, today’s landmark state Power Visit by Russian President Vladimir Putin is charting a new course in geopolitics, converging the strategic interests of BRICS with the Middle East.

The primary focus becomes obvious and lies in challenging the dominance of the US Dollar in the international financial system and forging an independent economic trading alliance.

The Agenda is Clear: Nothing Short of De-dollarization and a Financial System Reset

The key agenda items for the meetings in the UAE and Saudi Arabia during Russian President Vladimir Putin’s historic visit include:

• Solidification of strategic alliances between Russia, BRICS, and Middle Eastern nations.

• Showcasing a commitment to forging an independent economic trading alliance to challenge the dominance of the US Dollar in international transactions.

• Exploration of common ground in Head of States relations, Foreign Policy, Non-Dollar currency and Financial Policy, Industrial Policy, Nuclear Cooperation, Artificial Intelligence (AI), Space Development, and International Direct Investments.

• Coordination among Russia, Saudi Arabia, and the UAE to maintain stability in the global oil market.

• Emphasis on trade, economic, and investment fields to strengthen economic ties.

BRICS and Middle East Strategic Alliance

Putin’s visit to the UAE and Saudi Arabia marks a pivotal moment as BRICS and the Middle East solidify a strategic alliance.

Beyond traditional visits of diplomacy, the power collaboration extends to Head of States relations, Foreign Policy, Non-Dollar currency and Financial Policy, Industrial Policy, Nuclear Cooperation, Artificial Intelligence (AI), Space Development, and International Direct Investments.

Breaking Away from the US Dollar

One of the key facets of this alliance is a shared ambition to challenge the hegemony of the US Dollar. Russia, alongside its Middle Eastern partners, is exploring avenues to conduct trade and financial transactions independent of the conventional fiat currency system dominated by the US Dollar.

The visit underscores their commitment to diversify and break away from the economic influence of the United States.

Putin Visits United Arab Emirates (UAE) . Photo: AFP

Intellectual Speculation on New Asset-Backed Trading Currency

Intellectual speculation suggests that BRICS and the Middle East could pioneer a new asset-backed trading currency.

This move aims to establish financial independence from the fiat currency debt system propagated by the United States and its western allies.

The potential creation of a new currency would signify a transformative shift in the global economic landscape, challenging the status quo and providing an alternative to the existing financial order.

Energy Cooperation and Economic Partnerships

A significant aspect of Putin’s visit involves discussions on energy cooperation, particularly within the OPEC+ framework.

Russia, Saudi Arabia, and the UAE, all major players in the energy sector, are exploring ways to maintain a stable and predictable global oil market.

This collaboration not only solidifies economic ties but also positions these nations as influential players in shaping global energy dynamics.

Bilateral Trade Growth and Economic Resilience

Putin highlighted a nearly 68% increase in the turnover of goods between Russia and the UAE in 2022, showcasing the growing economic resilience of this alliance.

The visit to Saudi Arabia further emphasizes bilateral cooperation in trade, economic, and investment fields, reinforcing the economic strength of this emerging alliance.

Putin arrives in Saudi Arabia. Photo: AFP

As the world watches Putin’s historic visit to the UAE and Saudi Arabia unfold, it is evident that a seismic shift is underway.

The convergence of BRICS and the Middle East signifies a challenge to the existing financial order, with the potential creation of a new asset-backed trading currency.

The collaboration not only promises economic resilience but also reshapes the geopolitical landscape, creating a formidable alliance that seeks independence from the US Dollar-dominated fiat financial system.

The List of Key Strategic Attendees from Russia Says it All

The list of key individuals attending the strategic meetings during Russian President Vladimir Putin’s historic visit to the UAE and Saudi Arabia includes:

1. Vladimir Putin – President of Russia

2. Sheikh Mohamed bin Zayed Al Nahyan – Ruler of the United Arab Emirates (UAE)

3. Crown Prince Mohammed bin Salman Al Saud – Crown Prince of Saudi Arabia

4. Yuri Ushakov – Presidential Aide to Vladimir Putin

5. Dmitry Peskov – Press Secretary to Vladimir Putin

6. Sergei Lavrov – Foreign Minister of Russia

7. Andrei Belousov – First Deputy Prime Minister of Russia

8. Denis Manturov – Minister of Industry and Trade of Russia

9. Alexander Novak – Deputy Prime Minister of Russia

10. Elvira Nabiullina – Chairman of the Central Bank of Russia

11. Yuri Borisov – Head of Roscosmos (Russian Federal Space Agency)

12. Alexey Likhachev – Chief of Rosatom (State Atomic Energy Corporation of Russia)

13. Kirill Dmitriev – Chairman of the Russian Direct Investment Fund (RDIF)

14. Igor Levitin – Assistant to Vladimir Putin

15. Maxim Oreshkin – Assistant to Vladimir Putin

16. Representatives of Russian Energy Companies – Executives from significant Russian energy companies participating in the talks.

Supporting articles:

• https://www.firstpost.com/explainers/russia-vladimir-putin-visit-uae-saudi-arabia-opec-plus-oil-israel-hamas-war-13471522.html

• https://westobserver.com/business/vladimir-putin-praises-relations-with-uae-on-first-stop-of-gulf-tour/

• https://www.globalresearch.ca/usa-israel-should-worried-muslim-middle-east-moving-own-way/5842386

© GCR Real-Time News

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https://ai3d.blog/the-global-financial-economic-landscape-transforming-for-a-reset-heres-why/

Collapsing Bonds and Oil Now Predicting 2024 Financial Crisis: Awake-In-3D

Collapsing Bonds and Oil Now Predicting 2024 Financial Crisis

On December 5, 2023 By Awake-In-3D

In Fiat Debt System Collapse

Financial Markets Signal Concerns as US Treasury Yields Plummet and Oil Futures Tumble

In a critical turn of events, the US financial markets are experiencing significant fluctuations, raising serious concerns about a 2024 economic crisis.

Over the past five trading days, the 10-year US Treasury yields have plummeted by a staggering 24 basis points.

When bond yields are falling, it means that bond prices are rising driven by market demand for safe-haven investment returns.

This means that a sudden, high demand for Treasury Bonds indicates high expectations for serious economic and financial challenges ahead.

This rapid decline is unusual, especially during times of economic stability when such yields typically move by 5 or 10 basis points over weeks or longer periods.

The sudden and substantial drop in Treasury yields is seen as a warning sign for the financial system.

Historically, such sharp movements in bond yields have been accurately indicative of impending economic recessions.

In this case, the 24-basis point decrease within just a few days is fueling predictions of an economically volatile time ahead in 2024.

Adding to the unease is the decline in Oil Futures, which have tumbled by a substantial $21.31 per barrel (22.75%) in less than 90 days.

The market interprets steeply falling oil prices as a signal of future decreased oil demand, suggesting an economic contraction on near horizon.

As oil serves as a crucial indicator of economic health, the significant drop in futures raises concerns about the overall state of the economy.

While financial markets can be volatile, the combination of a sharp decline in Treasury yields and a substantial drop in oil prices within these relatively short time-frames are not boding well for the financial system landscape ahead.

Add record high interest rate payments on debt, the US national debt level about to cross $34 trillion, and the US Debt to GDP ratio now at 122% and rising, and the perfect storm has now come clearly into view.

The financial Super Bubble will pop.

The collapse of the fiat currency debt system is mathematically certain. The challenge is knowing when we will hit the tipping point.

© GCR Real-Time News

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https://ai3d.blog/collapsing-bonds-and-oil-now-predicting-2024-financial-crisis/

Returning to Prosperity: America’s Innovation Age Under the Gold Standard

 Returning to Prosperity: America’s Innovation Age Under the Gold Standard: Awake-In-3D

On December 4, 2023 By Awake-In-3D

In RV/GCR

Innovations Soared, Prosperity Thrived in a Hard Money World

In a bygone era, the United States thrived under the shimmering promise of the gold standard, a time when innovation and prosperity danced hand in hand, propelling our nation into a golden age that remains unparalleled in its dynamism and progress.

Golden Era of Innovation (1879-1913)

In the late 19th century, a period etched in history between 1879 and 1913, the re-establishment of the gold standard became the catalyst for an unprecedented wave of ingenuity.

Electricity, automobiles, telegraph and telephone, airplanes, and even the first computer—all born within a span of 35 short years, a testament to the unfettered potential that the gold standard unleashed upon us.

Prosperity Blossoms in the Shadow of Hard Money

A defining characteristic of this golden age was the existence of a lean government, nearly ten times smaller than the bureaucratic behemoth of today.

Without the ability to print unlimited money, the government of that era couldn’t stifle the incredible innovations with excessive taxation or suffocating regulations. It was an age where the brilliance of inventors translated directly into widespread prosperity, unencumbered by the weight of an overreaching state.

After the Gold Standard ended in 1971, the bottom 90% of U.S. Income Earners stagnated in growth.

Historical estimations by economists like Murray Rothbard reveal astonishing figures—annual GDP growth soaring at approximately 6.8%, a pace three to five times faster than our present-day economic stride.

The golden era meant children stood on the brink of inheriting a world where they could be four to six times richer than their parents, a dream that seems distant and elusive in our contemporary landscape.

Squandering Opportunities: The Turn of the Century

Regrettably, the echoes of this golden age dimmed in 1913 with the founding of the Federal Reserve. Policies like the income tax, the central bank, and a century marred by wars dealt a fatal blow to the flourishing prosperity.

The subsequent decades witnessed the golden era making a quiet exit, replaced by a welfare-warfare state that ushered in military spending, socialism, inflation, and economic downturns.

Comparing Eras: Recent Times in Contrast

Fast forward to today, and the stark contrast between then and now becomes undeniable. The last 35 years, marked by incremental advancements rather than groundbreaking inventions, paint a picture of stagnation.

While we may boast of internet accessibility and mass-produced technologies, the spark of true innovation seems to flicker in the shadow of the golden era’s radiance.

Debates about whether each generation is genuinely better off than the last reflect a sentiment that stands in stark opposition to the golden age, where the trajectory of prosperity seemed unbounded, offering the promise of a future where even the working class could retire in their 40s and explore the world.

The Promise of Hard Money Revival

Looking ahead, the question arises—can we recapture the magic of that golden era?

The prospect lies in a return to hard money, whether in gold, silver, or cryptocurrencies like Bitcoin. The historical receipts attest that prosperity flourishes, innovation soars, and freedom rises under a hard money system.

It’s a transformation that holds the potential to bring about a world marked by smaller government, fewer crises, increased human freedom, heightened innovation, and a renewed sense of hope for the future.

In the end, the return to a hard money system may be the key to unlocking a new golden age—a testament to the resilience of a nation and its ability to shape its destiny, echoing the whispers of innovation and prosperity that once flourished under the glistening embrace of the gold standard.

Learn more

The Importance of the Gold Standard in Economic Freedom

The gold standard plays a crucial role in economic freedom and stability. It serves as a reliable medium of exchange, store of value, and protector of property rights.

GCR Real-Time News

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The Organic U.S. Constitution must be Revived in the Approaching Financial Reset (GCR): Awake-In-3D

The Organic U.S. Constitution must be Revived in the Approaching Financial Reset (GCR)

On December 2, 2023 By Awake-In-3D

 In Random Thoughts

Our debt and fiscal manipulation under the current fiat currency system is beyond fixing. The only way out is through a total financial system reset and replacement – and a revival of the organic U.S. Constitution.

I hope the reset brings back the monetary and fiscal responsibility as set out in the organic U.S. Constitution.

The wisdom of its framework are more financially relevant today than ever before.

The U.S. Constitution emphasizes the critical role of the citizenry – We the People – in valuing, accepting, upholding, and defending the Constitution’s sovereign, fiscal framework and rules.

The organic U.S. Constitution was meticulously crafted to safeguard against the abuse of government overspending that could lead the United States into financial bankruptcy.

Its design aimed to establish a fiscally responsible government with limited powers and prevent the erosion of individual liberties.

By enumerating a specific set of functions for the federal government to perform, the Constitution set clear boundaries.

It did not provide explicit authorization for the government to interfere in areas such as agriculture, housing, healthcare, energy, education, transportation, or retirement.

The framers of the Constitution never envisioned an expansive federal government involved in citizens’ economic affairs. They understood that a government’s powers must be confined to those specifically described in the Constitution itself.

They recognized that exceeding these boundaries would be an arbitrary stride towards out-of-control government.

They emphasized the importance of adhering strictly to the Constitution’s provisions and respecting its limitations.

It emphasizes the critical role of the citizenry – We the People – in valuing, accepting, upholding, and defending the Constitution’s monetary authority and rules.

To prevent government abuse of overspending and the resulting financial bankruptcy, we need to revive our moral, fiscal compass and embrace the principles of limited government enshrined in the Constitution.

We must recognize the inherent dangers of excessive debt and elect leaders who will dismantle unsustainable wealth-transfer programs.

Only through a Constitutional revival can we restore the vision of our founders and live as free individuals under a federal government that is solely focused on defending our lives, liberty, and property.

In essence, the U.S. Constitution serves as a framework for preventing government overspending and financial bankruptcy.

A framework that has been ignored and discarded for far too long.

It establishes clear limits on federal powers, emphasizes the importance of individual liberties, and relies on the moral commitment of the people to uphold its sovereign, fiscal principles.

By adhering to its provisions we can ensure a fiscally responsible government that safeguards our nation’s financial stability and secures our individual freedoms.

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Surprise! Iraq’s Oil Law (HCL) and Russia’s Takeover of Kurdistan Oil: Awake-In-3D

Surprise! Iraq’s Oil Law (HCL) and Russia’s Takeover of Kurdistan Oil

On December 2, 2023 By Awake-In-3D

In Economic Power Shifts

The evolution of Iraq’s new Oil Law will forever alter Middle Eastern geopolitics and global energy markets, particularly of interest are Russia’s strategic moves to enhance its influence in the Kurdistan oil region.

Iraq is considering a new oil and gas law that may be approved after local elections in December 2023.

The oil law, under discussion for over 15 years, would allow foreign companies to share in Iraq’s oil production.

If ratified, the law would enable production-sharing agreements between the government and foreign oil firms.

Additionally, oil export earnings would be distributed among governorates based on their GDP per capita, and each governorate could independently grant oil concessions and exploration contracts.

Iraq, a key OPEC member, possesses significant crude oil reserves, and the proposed law aims to manage resource sharing and exploration agreements with foreign entities.

The new unified oil law in Iraq, set to govern oil and gas production, highlights a shift in influence favoring Russia and China over the Western Alliance.

The long journey toward a new unified oil law in Iraq, expected to govern oil and gas production, underscores a notable geopolitical shift favoring Russia and China over the USA and its Western Alliance.

The start of what’s happening today began back in September 2017, following a non-binding vote on independence for the semi-autonomous Kurdistan region in northern Iraq.

The U.S. and its Western allies had promised full independence to the Kurds in exchange for their support against ISIS.

However, the promise was not fulfilled, as Iran and Turkey intervened to prevent the Kurds from gaining independence, and the U.S. did not intervene.

Russia, adhering to its longstanding foreign policy of projecting influence in regions of chaos, sought to expand its presence in the Middle East, particularly in Iraq.

Hindered by the U.S. presence in the south, Russia turned its attention to the semi-autonomous Kurdistan region.

Russia effectively assumed control of Kurdistan’s oil sector through a multifaceted approach.

• First, it provided the Kurdistan Regional Government (KRG) with $1.5 billion in financing through forward oil sales payable over the next three to five years.

• Second, Russia secured an 80 percent working interest in five potentially significant oil blocks in the region, accompanied by investments and technical support.

• Third, Russia obtained a 60 percent ownership stake in the crucial KRG pipeline, committing to invest $1.8 billion to increase its capacity to one million barrels per day.

The second phase of Russia’s strategy involved sowing discord between northern and southern Iraq.

By acting as a mediator and encouraging the Kurds to demand higher payments from the south while independently selling oil, primarily through its ally Turkey, Russia fueled tensions.

The resulting chaos played into Russia’s goal of extending its influence into southern Iraq.

The geopolitical landscape further shifted with the U.S. downsizing its presence in the Middle East and Russia and China making inroads through initiatives like the Belt and Road Initiative.

Consequently, southern Iraq moved into the sphere of influence of Russia and China, while northern Kurdish Iraq found itself increasingly isolated.

On August 3 of the current year, Iraq’s new Prime Minister, Mohammed Al-Sudani, declared that the unified oil law, centrally administered from Baghdad, would govern all oil and gas production and investments in both Iraq and its semi-autonomous Kurdistan region, constituting “a strong factor for Iraq’s unity.”

A senior Kremlin official later emphasized that by excluding the West from energy deals in Iraq, the end of Western hegemony in the Middle East would represent a decisive chapter in the West’s decline.

Overall, the timeline of events and Russia’s multifaceted intervention illustrate a significant geopolitical realignment, signaling enhanced influence for Russia and China at the expense of the Western Alliance.

Details and Timeline for IQD Nerds

In essence, Russia’s involvement in Kurdistan’s oil region was a strategic response to geopolitical opportunities, exploiting regional tensions and economic vulnerabilities to establish a significant and influential presence in the Kurdish oil economy.

1) Background (September 2017)

It all began with a non-binding vote on independence for the semi-autonomous Kurdistan region in September 2017. The U.S. and its Western allies had pledged support for Kurdish independence in exchange for assistance against ISIS. However, the promise was not fulfilled, leading to disillusionment among the Kurds.

2) Russian Expansion into Kurdistan (Post-2017)

Russia, with a historical foreign policy of projecting influence in regions of chaos, saw an opportunity to expand its presence in the Middle East. The presence of the U.S. in southern Iraq prevented Russia from establishing a foothold there. Instead, Russia turned its attention to the semi-autonomous Kurdistan region, where the Kurds, feeling abandoned by the West, were in need of support and financial assistance.

3) Russia executed a multifaceted strategy to gain control over Kurdistan’s oil economy.

• Russia provided the Kurdish Regional Government (KRG) with $1.5 billion in financing through forward oil sales payable over the next three to five years. This financial support was crucial for the KRG, which was facing economic challenges due to the political dispute with southern Iraq.

• Russia secured an 80 percent working interest in five potentially significant oil blocks in the region. This not only provided Russia with access to valuable oil reserves but also established a significant presence in Kurdistan’s oil exploration and production sector.

• Russia acquired a 60 percent ownership stake in the vital KRG pipeline, committing to invest $1.8 billion to increase its capacity to one million barrels per day. This move gave Russia control over the infrastructure essential for transporting oil from Kurdistan to external markets.

4) Russia exploited existing tensions between northern and southern Iraq to further its agenda.

• Russia acted as a mediator, encouraging the Kurds to demand higher payments from the southern government. This tactic aimed to create financial disputes and dissatisfaction between the two regions.

• Russia supported the Kurds in quietly selling oil independent of Baghdad, primarily through Turkey, with which Russia had close ties. This move not only provided economic benefits to the Kurds but also heightened tensions with the southern government.

5) Changing Geopolitical Landscape

• The broader geopolitical context played a crucial role.

• The U.S.’s downsizing of its presence in the Middle East and the growing influence of Russia and China in the region created an environment where southern Iraq moved into the sphere of influence of Russia and China.

6) Unified Oil Law Framework Announced (August 2023)

• The recent developments culminate in Iraq’s new Prime Minister, Mohammed Al-Sudani, announcing that the unified oil law, centrally administered from Baghdad, will govern all oil and gas production and investments in both Iraq and its semi-autonomous Kurdistan region.

• This pronouncement solidifies central control and signifies a significant shift in power dynamics.

The new Oil Law, as outlined by the Prime Minister, further cements central control and aligns with Russia’s broader objectives in the Middle East.

Supporting articles:

• https://www.zawya.com/en/projects/oil-and-gas/new-iraqi-oil-law-to-allow-production-sharing-with-foreign-firms-vhwjw8mu

• https://oilprice.com/Geopolitics/Africa/Iraqs-New-Oil-Law-Highlights-The-Wests-Fading-Influence-In-The-Middle-East.html

© GCR Real-Time News

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 https://ai3d.blog/surprise-iraqs-oil-law-hcl-and-russias-takeover-of-kurdistan-oil/

Iraq and BRICS – The RV Writing is Now on the Wall: Awake-In-3D

Iraq and BRICS – The RV Writing is Now on the Wall

On November 30, 2023 By Awake-In-3D

In RV/GCR

There is a popular phrase in the smart investments community: “There are no certainties, there are only probabilities”.

Applying this to the IQD, the probabilities of an RV just moved a lot higher.

Joining the BRICS alliance would offer Iraq economic stability, enhanced trade relations, and a stronger bargaining position in the global economic and foreign currency exchange landscape.

A recent series of strategic and geopolitical moves involving Iraq, particularly the centralization of oil governance, Russia’s influence in Kurdistan, and China’s economic inroads, suggest a realistic scenario where Iraq formally joins the BRICS alliance to establish its economic power and IQD currency strength.

The move towards a unified oil law (more on this in an upcoming article), orchestrated in collaboration with Russia’s interests, signifies a shift away from Western influence in Iraq’s oil sector.

As Iraq pivots toward a more strategic economic approach, it’s common ground with BRICS nations, who advocate for multipolarity and resist Western dominance, continues to grow.

Here’s why:

• Russia and China are strategically securing control over Iraq’s oil resources, particularly the Eridu oil field in Block 10, which is the largest discovery in Iraq in the last 20 years.

• Lukoil, a Russian company, aims to take complete control of this oil-rich area by acquiring Inpex’s 40 percent stake in Block 10.

• Russia’s influence in Iraq’s oil industry has expanded, notably with its effective takeover of Kurdistan’s oil and gas industry.

Furthermore, China’s extensive economic engagement, including the Belt and Road Initiative and preferential oil agreements, positions Iraq within a sphere of influence that aligns with the BRICS ethos.

Related article: Iraq Breaking Away from USA to Forge New Ties with Russia and China: Great News for IQD RV

Joining the BRICS alliance would offer Iraq economic stability, enhanced trade relations, and a stronger bargaining position in the global economic and foreign currency exchange landscape.

Additionally, considering the BRICS Alliance’s discussions around alternatives to the U.S. dollar as a global reserve currency, Iraq is likely considering a more diversified and resilient currency strategy within the BRICS framework.

Strategic Winners and Losers

Winners: Russia and China emerge as strategic winners, consolidating control over Iraq’s oil resources and expanding their economic influence. They benefit from favorable agreements, infrastructure projects, and weakened Western influence.

Losers: Western nations and companies face a decline in influence as Russia and China strategically secure key positions in Iraq’s energy sector. Other regional players not aligned with Russia and China may also lose out on economic opportunities and influence.

The Big Picture Clearly Shows the Writing on the Wall: Iraq Will Join BRICS

The broader strategy involves multiple exploration and development deals between Russian and Chinese firms, granting them a significant geopolitical presence in Iraq.

Both countries are leveraging agreements, such as the Iraq-China Framework Agreement, which provides China with first refusal on oil projects and a 30 percent discount on oil, gas, and petrochemical purchases. China is also allowed to build factories and infrastructure across Iraq, including railway links as part of its Belt and Road Initiative.

The Belt and Road Initiative will directly connect Oil and Gas infrastructure from Turkey, Iran and Iraq to Russia and China. Map source: Xinhua, MERICS

These plans extend to the southeast region of Iraq, connecting to the major oil export hub of Basra. Russia and China aim to establish control over oil and gas fields and transportation hubs in this region.

Major New Projects Favor BRICS – Not the USA/West

Infrastructure projects, such as the approval of funds for Al-Zubair and the construction of a civilian airport in Dhi Qar, demonstrate China’s increasing involvement in Iraq’s development within the framework of oil-for-reconstruction agreements.

Related article: Exxon Gets Booted Out of Iraq!

Overall, this signifies a broader shift in influence away from Western countries in Iraq’s energy sector.

Lukoil’s Acquisition of Inpex’s Stake in Block 10

• Significance: Lukoil, a Russian company, aims to take control of Iraq’s Eridu oil field, the largest oil discovery in Iraq in the last 20 years. This move aligns with Russia’s strategy to dominate Iraq’s oil resources, reducing Western influence.

• Winners: Russia and China, as they strengthen their control over Iraq’s oil sector.

• Losers: Inpex, a major oil company from the U.S. ally Japan, loses its stake in the Block 10 region, marking a decline in Western influence.

Russian Control of Kurdistan’s Oil and Gas Industry

• Significance: Russia effectively took over Kurdistan’s oil and gas industry through Rosneft, consolidating influence in a troublesome semi-autonomous region. This maneuver contributes to Russia’s broader plan for dominance in Iraq.

• Winners: Russia, as it extends its influence over Kurdistan and weakens ties between the region and the central Iraq government.

• Losers: Western interests, as Russian influence in Kurdistan grows.

Iraq-China Framework Agreement

• Significance: The agreement gives China first refusal on Iraqi oil, gas, and petrochemical projects, along with a 30 percent discount on purchases. It also allows China to build factories and infrastructure in Iraq, aligning with its Belt and Road Initiative.

• Winners: China, securing favorable terms and expanding its economic and infrastructural influence in Iraq.

• Losers: Other countries seeking access to Iraq’s energy resources, facing competition and potential exclusion due to China’s preferential treatment.

Infrastructure Projects in Al-Zubair and Dhi Qar

• Significance: China’s heavy involvement in infrastructure projects, funded by Iraq, strengthens economic ties and contributes to the oil-for-reconstruction agreement. The projects enhance China’s presence in key regions with significant oil fields.

• Winners: China, gaining influence through infrastructure development in strategic areas.

• Losers: Other nations and companies competing for similar projects in Iraq, as China secures key infrastructure deals.

Construction of a Civilian Airport in Dhi Qar

• Significance: China secures a major contract to build a civilian airport in a region rich in oil fields. This project facilitates economic development and connectivity in an oil-rich area.

• Winners: China, expanding its infrastructure projects in areas crucial for oil production.

• Losers: Other nations seeking similar contracts and influence in the same region.

Al-Sadr City Development Deal

• Significance: Chinese companies are involved in the development of Al-Sadr City, contributing to the oil-for-reconstruction agreement. This deal further cements China’s economic involvement in Iraq.

• Winners: China, strengthening its economic ties and presence in key urban areas.

• Losers: Competing Western nations and companies aiming for reconstruction and investment projects in Iraq.

Supporting article: https://oilprice.com/Energy/Crude-Oil/Russia-Takes-Control-of-Iraqs-Biggest-Oil-Discovery-for-20-Years.html

© GCR Real-Time News

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https://ai3d.blog/iraq-and-brics-the-rv-writing-is-now-on-the-wall/

Can 13 Million Tons of Gold Solve Zimbabwe’s Economic Crisis?: Awake-In-3D

Can 13 Million Tons of Gold Solve Zimbabwe’s Economic Crisis?

On November 28, 2023 By Awake-In-3D

In RV/GCR

In a country blessed with an incredible 13 million tons of proven gold reserves, one would assume that Zimbabwe’s economic struggles would be a thing of the past.

However, the reality is far from that optimistic vision. Despite the vast potential of its gold reserves, Zimbabwe continues to grapple with an ongoing economic crisis that seems impervious to the glittering value of this precious metal.

Even with the world’s 2nd highest gold resources, Zimbabwe’s GDP continues to decline since 201Source: World Bank

According to the Reserve Bank of Zimbabwe (RBZ), fully exploiting the 13 million tons of gold reserves could potentially earn the country over $4 billion annually from gold exports alone.

Yet, despite this enormous wealth lying beneath our feet, Zimbabwe’s economy remains in dire straits.

Throughout the years, efforts have been made to enhance gold production. In 2016, the country’s gold output reached a peak of 27.1 tons, only to plummet to a mere 3.5 tons during the economic crisis of 2008.

However, recent initiatives by the central bank have seen a gradual increase in production, with gold output growing by 72 percent in the first seven months of this year alone.

Today, Zimbabwe is targeting a total mining output of 40 tons of gold in 2023.

The Zimbabwe Mining Development Corporation (ZMDC), which owns several mines with significant potential, should be a catalyst for economic growth. However, these mines have yet to be fully utilized. Artisanal and small-scale miners, who contribute a significant portion of the country’s gold production, face challenges such as lack of regularization and operational security.

While the increase in gold production is indeed promising, it is important to recognize that the solution to Zimbabwe’s economic woes cannot solely rely on the extraction of this precious metal. The challenges facing its economy run deep and require comprehensive solutions that address issues beyond the mining sector.

Investors, both domestic and international, have expressed concerns about policy stability and the ability to repatriate profits. This has hindered the inflow of much-needed capital, despite the potential profitability of gold mining projects.

Zimbabwe must create an environment that fosters investor confidence, ensuring that the fruits of their investment can be repatriated.

Furthermore, the economic crisis in Zimbabwe is not solely due to internal factors.

Global mining infrastructure bottlenecks and subdued commodity prices, particularly for platinum group metals (PGMs) and base metals, further exacerbate our economic challenges.

Current Mining Projects in Zimbabwe Hold Promise

Caledonia Mining Corp is exploring funding options, aiming to raise $250 million for the development of its Bilboes project, potentially becoming Zimbabwe’s largest gold mine. The company, owning the Blanket gold mine in Zimbabwe, may utilize a mix of debt, internal funds, and equity for financing.

The Bilboes project, projected to yield around 170,000 ounces of gold annually, would significantly increase Caledonia’s total bullion output to approximately 250,000 ounces.

Despite Zimbabwe’s economic challenges, including power cuts and hyperinflation, mining investors, including Caledonia, are seeking opportunities in the country.

While Zimbabwe has faced difficulties attracting major investors since the early 2000s, Caledonia is optimistic about investor support for quality projects with good returns. The company is also addressing concerns about repatriating profits and the country’s policy stability.

What is the Estimated Value of 13 Million Tons of Gold?

With gold currently priced around $2,000 per ounce (and climbing), the potential value of Zimbabwe’s gold reserves is substantial.

There are approximately 32,150.7 ounces in a metric ton. Multiplying this by the 13 million tons gives us a total of approximately 418,960,100 ounces of gold in Zimbabwe’s reserves.

Using $2,000 per ounce results in an estimated potential value of Zimbabwe’s gold reserves at around $837,920,200,000 or approximately $838 billion.

This calculation assumes that all the gold can be extracted and sold at the current market price.

Zimbabwe’s economic future lies not only in the glitter of 13 million tons of gold but also in a vibrant and diversified economy that attracts investment, fosters stability, and prioritizes the well-being of its people.

Supporting articles:

• https://africanminingmarket.com/zimbabwe-boasts-13-million-tonnes-gold-chest/2304/amp/

• https://www.reuters.com/markets/commodities/zimbabwean-miners-set-big-profit-slump-next-year-report-2023-11-06/

• https://www.reuters.com/markets/commodities/caledonia-explores-funding-options-build-zimbabwes-biggest-gold-mine-2023-10-19/

© GCR Real-Time News

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https://ai3d.blog/can-13-million-tons-of-gold-solve-zimbabwes-economic-crisis/

How Would the Price of Gold RV in a New “Gold Standard” Today? This Chart Will Surprise You

How Would the Price of Gold RV in a New “Gold Standard” Today? This Chart Will Surprise You

On November 27, 2023 By Awake-In-3D

In RV/GCR

This is an interesting chart showing what the price of gold would need to be in order to cover the M0, M1, and M2 money supplies for different countries – if they implemented a traditional gold standard today.

The US Dollar would have to be devalued to a whopping $87,767 per ounce of gold to cover the amount of currency in the United States (see chart below).

In other words, the price of gold would revalue (RV) by over 4,300% against the fiat dollar before being anchored to gold.

Of course this assumes that 100% of the M2 currency supply would be convertible to physical gold purportedly held by the US Treasury, which equals over 1 million troy ounces (maybe).

What is a Traditional Gold Standard?

Before the rise of today’s fiat currency debt system, many nations operated under a currency framework known as the traditional gold standard.

This system linked a country’s currency directly to gold, with each unit of currency representing a specific amount of gold held by the central bank.

The value of the currency was determined by its convertibility into gold.

Individuals had the right to exchange their paper money for actual gold at a fixed exchange rate.

What is M0, M1, and M2 Money Supply?

If you’re unfamiliar with M0, M1, and M2 money supplies, these terms represent different measures of the currency circulating within an country’s economy.

M0 Money Supply

Known as the “narrowest” measure of money supply, M0 encompasses the physical currency in circulation, including coins and notes.

It represents the total value of all physical money held by both the public and the central bank.

M1 Money Supply

M1 expands the definition of money and includes physical currency (M0) along with demand deposits.

Demand deposits are funds held in checking accounts, readily accessible for transactions such as debit card payments or checks.

M2 Money Supply

M2 includes an even broader definition of money. It encompasses M1 (physical currency and demand deposits) as well as various types of savings deposits like money market accounts and time deposits.

M2 represents money that is readily available for spending but may not be as liquid as M1.

Gold Prices to Cover Money Supply in a Gold Standard by Country

This chart provides an analysis of what the price of gold would have to be in order to cover the money supply (M0, M1, or M2) for different countries, should they adopt the traditional gold standard today.

CLICK CHART TO ENLARGE

For instance, consider the case of the United States anchoring its currency to gold and backing its M0 money supply. Gold would RV to $15,317 per ounce. The chart shows the gold price required to cover the total value of all physical currency in circulation.

Similar calculations are shown for M1 and M2 money supplies.

Sources:

• Brent Johnson, Santiago Capital

• Federal Reserve Bank of St. Louis: “What Is Money Supply?”

• Investopedia: “The Gold Standard in Theory and Practice”

© GCR Real-Time News

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https://ai3d.blog/how-would-the-price-of-gold-rv-in-a-new-gold-standard-today-this-chart-will-surprise-you/