Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-23-23
Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-23-23
Iraqi Dinar Holders Rejoice Imf Announcement It’s Big Update 3:48
Iraqi Dinar Currency Rise Set For A Value 1:01
New Rate Update Vietnam Dong Against USA Dollar 1:19
Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-23-23
Iraqi Dinar Holders Rejoice Imf Announcement It’s Big Update 3:48
Iraqi Dinar Currency Rise Set For A Value 1:01
New Rate Update Vietnam Dong Against USA Dollar 1:19
Iraqi Dinar Holders Rejoice Imf Announcement It’s Big Update 3:48
Iraqi Dinar Currency Rise Set For A Value 1:01
New Rate Update Vietnam Dong Against USA Dollar 1:19
Iraqi Dinar Today Video Updates Saturday Afternoon 12-23-23
Iraqi Dinar Today Video Updates Saturday Afternoon 12-23-23
Vietnam Dong Currency Latest Update Today 2023 4:15
IMF Finally Confirms Iraqi Dinar Revaluation Finally 2.48
Go 1 for 1 iraqi dinar news today RV update iqd value up Good News Coming From Iraq 3:15
Iraqi Dinar Today Video Updates Saturday Afternoon 12-23-23
Vietnam Dong Currency Latest Update Today 2023 4:15
IMF Finally Confirms Iraqi Dinar Revaluation Finally 2.48
Go 1 for 1 iraqi dinar news today RV update iqd value up Good News Coming From Iraq 3:15
Vietnam Dong Currency Latest Update Today 2023 4:15
IMF Finally Confirms Iraqi Dinar Revaluation Finally 2:48
Go 1 for 1 iraqi dinar news today RV update iqd value up Good News Coming From Iraq 3:15
More News, Rumors and Opinions Saturday Night 12-23-2023
KTFA:
Clare: Al-Sudani: 2024 will be the year of achievements and the opening of projects
12/23/2023
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that 2024 will be the year of achievements and the opening of various projects.
Al-Sudani said during the inauguration of the Freedom Bridge, “The Freedom Pedestrian Bridge is the first of its kind on the Tigris River,” praising “the efforts of workers in the companies of the Ministry of Construction, Housing and Water Resources, the Municipality of Baghdad, and other supporting bodies.”
The Prime Minister added, "The bridge was implemented despite the delays and will facilitate the movement of visitors and citizens in general."
KTFA:
Clare: Al-Sudani: 2024 will be the year of achievements and the opening of projects
12/23/2023
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that 2024 will be the year of achievements and the opening of various projects.
Al-Sudani said during the inauguration of the Freedom Bridge, “The Freedom Pedestrian Bridge is the first of its kind on the Tigris River,” praising “the efforts of workers in the companies of the Ministry of Construction, Housing and Water Resources, the Municipality of Baghdad, and other supporting bodies.”
The Prime Minister added, "The bridge was implemented despite the delays and will facilitate the movement of visitors and citizens in general."
He added, "The bridge was given the name Freedom, due to important considerations and connotations for this region, whose direct communication across the two banks was prevented by the former regime, especially on days of visits."
Al-Sudani confirmed, “Soon there will be additional services in this area, to complement the origin of this project according to the design prepared by the Ministry, making it a service, entertainment, and tourism facility worthy of the Kadhimiya area, and all areas of the capital, Baghdad.” LINK
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Clare: The government and the Central Bank win the battle for financial and banking reform in 2023
12/23/2023 Samir Al-Nusairi
The data, indicators, achievements and preliminary results achieved in 2023 indicate that the government of the Prime Minister, Mr. Muhammad Shia Al-Sudani, and the Central Bank, in continuous cooperation and coordination between them, have resulted in their comprehensive reform steps contained in the government curriculum in the axis of financial and banking reform and in the strategy of the Central Bank, which focused on regulating foreign trade financing.
Opening direct dealings between Iraqi banks that secured the necessary requirements to deal with correspondent banks and opening new foreign currencies in addition to the US dollar. Such as the Chinese yuan, the euro, the UAE dirham, the Indian rupee, and the Turkish lira. To be traded for external transfers with these countries in accordance with understandings and agreements with the US Reserve and the US Treasury Department.
The role of the Central Bank will be supervisory and supervisory. The other achievement is the compliance of Iraqi banks with the global banking system and regularity within the system of international banking relations, which has restored confidence in the integrity of banking transactions with Iraq. This is an important and basic goal. The other important goal, which the government is working to implement in cooperation and coordination with the Central Bank and the Association of Banks. Electronic payment companies are moving and transforming from the cash economy to the digital economy and the issuance of a number of decisions from the Council of Ministers and several instructions and executive procedures from the Central Bank to achieve this in a record period. And work to complete the necessary infrastructure to achieve digital transformation in the banking sector. The government is working seriously on governance and automation of the tax system, the customs system, and networking with the Central Bank of Iraq.
The new thing in the Sudanese government is that it draws up plans and follows up implementation on a daily basis with the parties concerned with implementation and participates in facilitating procedures and overcoming obstacles first and foremost. It consults continuously with the Central Bank as an advisor to the government.
Since we are in the last week of 2023, the Central Bank and the government have set before them in 2024 the completion of financial and banking reforms in a way that achieves complete financial and banking reform and controlling and maintaining the stability of the exchange rate of the Iraqi dinar in a way that does not allow the official rate to be equal to the exchange rate in the parallel market. And that the planned goals for the year are Mentioned as follows:
First - Building a stable financial system lies in accompanying financial electronic systems.
Second: Commitment to establishing the rules of compliance, risk management, transparency, and soundness of financial operations.
Third: Working to strengthen international relations, including establishing a network of relations with foreign correspondent banks.
Fourth: Establishing a Riyada Bank and redirecting work on initiatives to finance small and medium enterprises in accordance with standards
New banks contribute to its capital and management. In line with the initiative of the Prime Minister (Riyada).
Establishing a loan guarantee company.
Fifth: Prepare and launch a financial inclusion strategy and put it into practice in coordination with the relevant authorities.
Sixth - Launching the national lending strategy, relying on the banks’ own financial capabilities to attract deposits and invest them in providing the best banking products to customers and contributing to development. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Nader From The Mid East The facts are the facts. If they delete the dollar, if they take off the dollar from the markets in Iraq, they're going to have to come out with a small category of dinar. That's it. Why? Because it's too much dinars to carry...I'm not going to carry 150,000 dinars in my pockets. I'm not going to do that. I prefer to have $100 than 150,000.
Bruce [via WiserNow] ...we were told a couple of weeks ago that we are expecting to receive this RV - our blessing - before Christmas and as far as we know, that is still the plan...I will tell you why...there was a conference call...[Thursday] morning...I believe it was with Treasury and with the leaders of the redemption centers. We have over 7000 redemption centers in the US...the outcome of the call was this - there was a 98% chance of us going in before Christmas...Another source when I asked ...Could we be exchanging before Christmas? He did say yes. I believe it is definitely possible.
ALERT! Prediction: 2024 Silver Demand Will Destroy the Riggers and FREE THE WORLD!
(Bix Weir) 12-23-2023
The Demand for Silver in 2023 has BLOWN THE DOOR off all previous records! IF properly counted we are looking at a supply/demand shortage of over 500M ounces! ...and the silver price did NOTHING in 2023! 2024 Demand is already looking at DOUBLING so the lifespan of a Silver Price Suppressor is getting very short!
Rafi Farber: When This Daily $800B Trade Unwinds, The Treasury Market Could Implode
Arcadia Economics: 12-23-2023
As gold and silver continue their encouraging uptrends, serious trouble is brewing in the bowels of the Treasury market.
We've all been wondering where exactly all the money from the reverse repo facility is going, and a partial answer is the Treasury market, but not exclusively.
A lot of it is going into the private overnight repo market between banks. This overnight money is in turn funding massive leveraged short trades in Treasury futures that could all unwind once the extra money finally runs out.
The resulting panic in debt markets would force the Federal Reserve to step in immediately.
"Tidbits From TNT" Saturday 12-23-2023
TNT:
Tishwash: Revealing a European visit to Iraq
We learned from well-informed sources that a senior European official intends to visit the Iraqi capital, Baghdad, next week.
According to the sources, “a high-ranking European official intends to visit Baghdad next week.”
Baghdad is witnessing an increasing diplomatic activity, represented by visits conducted by high-level foreign officials during the past months.
This comes in light of assurances from the Iraqi government to follow a moderate approach in relations with the regional environment and the international community. link
TNT:
Tishwash: Revealing a European visit to Iraq
We learned from well-informed sources that a senior European official intends to visit the Iraqi capital, Baghdad, next week.
According to the sources, “a high-ranking European official intends to visit Baghdad next week.”
Baghdad is witnessing an increasing diplomatic activity, represented by visits conducted by high-level foreign officials during the past months.
This comes in light of assurances from the Iraqi government to follow a moderate approach in relations with the regional environment and the international community. link
CandyKisses: Against major currencies. US dollar at 5-month low
Baghdad Today - Follow-up
The US dollar fell against a group of major currencies around the world, on Friday (December 22, 2023), recording its lowest level in nearly five months, affected by data from the slowdown in annual inflation in the United States in November, which reinforced Market expectations about a US interest rate cut in March.
As of November, inflation in America, according to the PCE price index, stood at 2.6 percent, down from 2.9 percent in October.
Excluding volatile food and energy components, the core PCE price index rose 3.2 percent year-on-year in November, the smallest rise since April 2021.
The Federal Reserve is closely monitoring PCE price metrics in the hope of bringing inflation to its target of two percent.
The dollar index fell 0.13 percent in the latest trade to 101.65, its lowest level since late July.
The index has fallen more than two percent over the past two weeks and is heading to end the year down just under two percent.
Sterling rose 0.28 percent to $1.2728 as traders digested data showing British retail sales in November jumped more than expected, but third-quarter GDP was revised downwards.
The dollar rose 0.18 percent against the yen in the latest trade to 142.37 yen, after data from core inflation in Japan slowed sharply in November.
The risk-sensitive Australian and New Zealand dollars traded higher during the day. The Australian dollar rose 0.12 percent to $0.6811 after earlier touching $0.6825, the highest level since July.
The New Zealand dollar traded 0.24 percent higher at $0.6309, also a five-month high.
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CandyKisses: Iraq plans to achieve self-sufficiency in oil products during the second quarter of 2024
Shafaq News / Deputy Prime Minister for Energy Affairs and Minister of Oil Haiyan Abdul Ghani confirmed on Saturday the ministry's intention to reach self-sufficiency in oil products during the second quarter of 2024, after the completion of a number of important projects in the liquidation sector.
This came during the opening of the project to complete the fourth refining unit with a capacity of (70) thousand barrels per day at the South Refineries Company in Basra Governorate.
Abdul Ghani said in a speech during the celebration that the operation of this unit will provide large quantities of oil products, including naphtha, gas oil, kerosene, liquid gas, and others to cover a large part of the local need.
The Minister of Oil pointed out that the project was among the priorities of the government program and was completed in a record period by the national effort after the relugation of foreign companies.
For his part, the Director General of the South Refineries Company, Hossam Hussein Wali, said in a speech during the ceremony that the company fulfilled its obligations to the government and the ministry to complete the project within the planned period, stressing that the production of this unit of oil products will cover a large part of the local need, especially gas oil and kerosene, indicating that the company contributes through projects to increase refining capacity to reach the coverage of the local need and improve the quality of oil products.
While the spokesman for the Ministry of Oil, Assem Jihad, said that the opening of the fourth unit with a capacity of (70) thousand barrels per day, will contribute to raising the total refining capacity of the South Refineries Company to 280 thousand barrels per day.
He explained that the small stage will witness the opening of the Azmra unit to improve the quality of products in the refinery, in addition to proceeding with the completion of the (FFC) project, which is one of the promising projects, and represents a qualitative leap in upgrading oil products to (Euro 5).
Mot: The Legend of the Christmas Spider !!!!...........................
Mot: She Asked Me to Post This But - She Wouldn't Tell Me Her Name - But YOU KNow Who She is!!!
Currency Insider Iraqi Dinar - Dong Updates Saturday AM 12-23-23
Currency Insider Iraqi Dinar - Dong Updates Saturday AM 12-23-23
Iraqi Dinar Exchange Rates On Hold 3:03
Iraqi Dinar Rate Shift Alert Pm Sudani 3:07
Currency Insider Iraqi Dinar - Dong Updates Saturday AM 12-23-23
Iraqi Dinar Exchange Rates On Hold 3:03
Iraqi Dinar Rate Shift Alert Pm Sudani 3:07
Iraqi Dinar Exchange Rates On Hold 3:03
Iraqi Dinar Rate Shift Alert Pm Sudani 3:07
Iraqi Dinar Today Video Updates Saturday AM 12-23-23
Iraqi Dinar Today Video Updates Saturday AM 12-23-23
Iraqi Dinar Exchange Rates Shift Ready Today 2023 2:38
Something Big Happening-Dinar Will You Make Millionaire 3:40
Iraqi Dinar Today Video Updates Saturday AM 12-23-23
Iraqi Dinar Exchange Rates Shift Ready Today 2023 2:38
Something Big Happening-Dinar Will You Make Millionaire 3:40
Iraqi Dinar Exchange Rates Shift Ready Today 2023 2:38
Something Big Happening-Dinar Will You Make Millionaire 3:40
News, Rumors and Opinions Saturday 12-23-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 23 Dec. 2023
Compiled Sat. 23 Dec. 12:01 am EST by Judy Byington
Judy Note: There’s a lot happening out there, but we don’t know what. The greatest transfer of wealth the world has ever known was waiting to occur, but we don’t know when. They say massive arrests were going on, but we don’t know who, where or why. Some day we will understand the who, what, when, where, why and how of it all and be telling our posterity that we were a part of it. May we be grateful that we were the ones chosen.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 23 Dec. 2023
Compiled Sat. 23 Dec. 12:01 am EST by Judy Byington
Judy Note: There’s a lot happening out there, but we don’t know what. The greatest transfer of wealth the world has ever known was waiting to occur, but we don’t know when. They say massive arrests were going on, but we don’t know who, where or why. Some day we will understand the who, what, when, where, why and how of it all and be telling our posterity that we were a part of it. May we be grateful that we were the ones chosen.
GESARA – GLOBAL ECONOMIC SECURITY AND REFORM ACT:
Elimination of the national debt of all nations of the world.
No taxes. Only a fixed sales tax of around 15% on new goods.
Waiving of mortgages and other bank departments due to illegal government activities.
World peace for 1,000 years.
Eliminate all current and future nuclear weapons on planet earth.
Gold Standard!
Introduction of new hidden technologies – 6,000 Tesla patents, free energy.
Build and rebuild in all countries at 1950s prices.
The power goes back to We The People. Global distribution of wealth.
Odin project = World EBS (Emergency Broadcast System).
Must Watch Videos:
Fri. 22 Dec. Situation Update: Judy Byington: The Plan to Save the World, Down With the IRS, GESARA/NESARA-It’s On! Un-Redacted Special Intel Report Fri. Dec 22 2023 (Video) | Alternative | Before It’s News (beforeitsnews.com)
Read full post here: https://dinarchronicles.com/2023/12/23/restored-republic-via-a-gcr-update-as-of-december-23-2023/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The IMF is telling the world that the CBI is about to add value and change the exchange rate. Congratulations. As far as I'm concerned the announcement was just made.
Militia Man Since November of last year they have been working to do what? Get rid of the parallel market. And how are they doing that? They're populating banks with many other currencies. They're doing all those things that are necessary to do what? Be article VIII compliant, to have a single currency, not a dual currency country. They're getting rid of multi-currency practices.
Love this article Iqd #iraq more about exchange rate
Nader: 12-23-2023
Fed Knows Economy is Headed for Crash Landing and Isn’t Saying; Here Are the Clues - George Gammon
Daniela Cambone: 12-22-2023
“There is a huge, huge problem that he knows about that he's not admitting to,” says George Gammon, a macroeconomics expert and host of the Rebel Capitalist Show, in an interview with Daniela Cambone.
He explains that the Fed chairman Jerome Powell pushed back on market expectations for aggressive interest rate cuts because he is either alarmed by a much weaker economy or deeply concerned by a weakening dollar.
“Whether that problem… is the dollar being over 100 or the U.S. economy is tanking right now, I don’t know.” He continues that the bond market indicates that the U.S. economy is headed into a hard landing and history indicates that a recession is inevitable.
“Every single recession that we have had since 1950 has been preceded by an inversion of the curve,” he states. To navigate the financial uncertainty of 2024, watch the video to discover where Gammon invests 90% of his wealth.
CHAPTERS:
00:00 Introduction and Discussion of Jerome Powell's Pivot
06:00 Jerome Powell's Motivations and Concerns
12:10 The Weakening US Dollar and Potential Implications
22:40 M2 Money Supply and its Significance
26:25 The Fragility of the Banking Sector
29:18 Potential Banking Crisis in 2024
31:25 Other Risks: Geopolitical Tensions and China's Economy
35:10 Preparing for the Future: T-Bills and Gold
38:07 Conclusion and Holiday Wishes
Weekend Chat with MarkZ 12-23-2023
Weekend News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Merry Christmas to all!
Member: Happy Christmas Adam……(Tomorrow is Christmas Eve) LOL
Member: I got some exciting news from a bond holder-They had a notary come over yesterday to sign papers for Reno
MZ: There is very interesting and back and forth in the historic bond market right now. Some people are being told very different things then what others are being told.
Weekend News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Merry Christmas to all!
Member: Happy Christmas Adam……(Tomorrow is Christmas Eve) LOL
Member: I got some exciting news from a bond holder-They had a notary come over yesterday to sign papers for Reno
MZ: There is very interesting and back and forth in the historic bond market right now. Some people are being told very different things then what others are being told.
MZ: Pretty quiet from Iraq so far today. One of my sources believe the local elections had some effect on our timing and are finishing the ballot counting before they release rates. If hes accurate…the counting should be finished in the next day or so, Possibly as early as today.
Member: Are you hearing anything on the Venezuelan Bolivar?
MZ: We are hearing some interesting things on the Bolivar. “Venezuela unveils official exchange rate for sovereign bolivar” It appears they are making moves to prop up their currency in a big way…..
Member: The bolivar is now showing on the XE currency converter 35.471 to 1USD
MZ: That is a substantial change in value. Unfortunately we cannot exchange it yet…but we are looking for places.
Member: I went to the bank the other day and they told me exchanges are not taxed. This is in Canada.
Member: Exchanges should not be taxed…but, be prepared.
MZ: That’s the way I look at it. We have shared this memo from the US State Dept. directly about Iraq. Go to section 6 Financial Sector: The last sentence says “There are no taxes or subsidies on purchases or sales of foreign exchange.” https://www.state.gov/reports/2022-investment-climate-statements/iraq/
MZ: MilitiaMan just came out with wonderful recap on articles from Iraq this week. He is pointing out all the business and countries now dealing directly with Iraq. Be sure to go watch it.
MZ: Nader is doing a live Q&A right now…be sure to go listen to that as well
Member: Wolverine said his high up contact Mauricio said we're going to have a very merry Christmas.
MZ: “The election results will witness changes after the special vote is counted” They are finishing the counting of local elections …
MZ: I have one source in Iraq who believes they will release the rate in Iraq as soon as they finish seating these new electees. Possibly in a day or so or as early as today.
MZ: “ BRICS : US dollar reserves fall 6.5%, but local currencies rise 3.65 %” Amongst the BRICS countries they are unloading their US dollars to support their local currencies.
MZ: From Watcher Guru and the official BRICS twitter account posts this “ How Bitcoin can help the BRICS alliance ditch the US dollar” In other words crypto/blockchain coins can help them break the western hegemony. This one is important to pay attention to. It’s the future of money.
Member: I am hearing lots of stories about “rates on bank screens” but how many can actually exchange now?
MZ: Maybe a handful if the bank teller messes up. But then I would guess it would be corrected or reversed until it is time.
Member: Merry Christmas everyone. Hope everyone has a blessed weekend and can be with family and loved ones. Thanks for all you do Mark and Mods.
Member: Merry Christmas to All and to All, a good night.
Member: And God Bless us everyone!!!
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
CBD Guru’s join the stream today. Please listen to the replay for their information
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING. HAVE A BLESSED CHRISTMAS WEEKEND! SEE YOU ALL TUESDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Currency Insider Iraqi Dinar - Dong Updates Late Friday Evening 12-22-23
Currency Insider Iraqi Dinar - Dong Updates Late Friday Evening 12-22-23
Iraqi Fantastic Year Ahead With Exchange Rates
Al Sudani Clear Message Adding Value In Iraqi Dinar
Vietnam Dong Against USD Rate Update
Currency Insider Iraqi Dinar - Dong Updates Late Friday Evening 12-22-23
Iraqi Fantastic Year Ahead With Exchange Rates
Al Sudani Clear Message Adding Value In Iraqi Dinar
Vietnam Dong Against USD Rate Update
Iraqi Fantastic Year Ahead With Exchange Rates 3:27
Al Sudani Clear Message Adding Value In Iraqi Dinar 3:40
Vietnam Dong Against USD Rate Update 1:28
Iraqi Dinar Today Video Updates Late Friday Evening 12-22-23
Iraqi Dinar Today Video Updates Late Friday Evening 12-22-23
Vietnam Dong Against USD Rate Update 2:21
New Exchange Rates Out Tomorrow Al Sudani Big Announcement 2:07
Finally Announced Govt Date Fixed And Rate of IQD RV 5:30
Iraq Is Prepared To Festivity RV Of Iraqi Dinar Today 2023 4:45
Iraqi Dinar Today Video Updates Late Friday Evening 12-22-23
Vietnam Dong Against USD Rate Update 2:21
New Exchange Rates Out Tomorrow Al Sudani Big Announcement 2:07
Finally Announced Govt Date Fixed And Rate of IQD RV 5:30
Iraq Is Prepared To Festivity RV Of Iraqi Dinar Today 2023 4:45
Vietnam Dong Against USD Rate Update 2:21
New Exchange Rates Out Tomorrow Al Sudani Big Announcement 2:07
Finally Announced Govt Date Fixed And Rate of IQD RV 5:30
Iraq Is Prepared To Festivity RV Of Iraqi Dinar Today 2023 4:45
Alasdair Macleod: The Fed's Priorities are Changing in Gold's Favor
Alasdair Macleod: The Fed's Priorities are Changing in Gold's Favor
Palisade Gold Radio: 12-22-2023
Tom welcomes back Alasdair Macleod to the show. Alasdair notes that gold prices rose significantly last week, but the miners did not hedge their positions.
He believes this is because mining boards have come to realize that it is the weakening US dollar, not gold, that is the cause of the price increase.
As a result, they have decided to hold off on hedging their positions. However, energy costs are still a concern as they can rise unpredictably.
The reverse repos facility provided by the Federal Reserve has seen a decline in usage as money market funds have shifted to investing in Treasury bills, which offer better interest rates.
Alasdair Macleod: The Fed's Priorities are Changing in Gold's Favor
Palisade Gold Radio: 12-22-2023
Tom welcomes back Alasdair Macleod to the show. Alasdair notes that gold prices rose significantly last week, but the miners did not hedge their positions.
He believes this is because mining boards have come to realize that it is the weakening US dollar, not gold, that is the cause of the price increase.
As a result, they have decided to hold off on hedging their positions. However, energy costs are still a concern as they can rise unpredictably.
The reverse repos facility provided by the Federal Reserve has seen a decline in usage as money market funds have shifted to investing in Treasury bills, which offer better interest rates.
Despite the rising government debt, funding frustrations have been avoided as money market funds find alternatives. However, this could put pressure on the bullion banking community if liquidity dries up and makes it difficult to fund government debt.
There is speculation that a significant amount of gold, half of the world's total reserves, may no longer exist due to leasing and potential disappearance from the New York Fed.
The Fed's announcement of a dovish pivot has caused the US dollar index to drop, leading to a decline in the yen carry trade. Investors are seeking alternative investments like gold.
The Middle East conflict, particularly due to Houthi-Iranian aggression, could introduce further instability to the credit market. The Federal Reserve's priorities are shifting to focus on job creation for the upcoming presidential election. This shift has resulted in a fall in profits for the carry trade and a decline in the US dollar's trade weighted index.
Central banks, including the Federal Reserve, have become more focused on funding governments rather than protecting the public from inflation and devaluation.
The banking system, particularly in Europe, is highly leveraged and vulnerable to rising interest rates.
The return of free banking is advocated by many, where banks are responsible for their own problems. The LBMA is experiencing a decrease in market share due to the popularity of places like Dubai, where gold is sold based solely on weight at the gold souk.
The LBMA's efforts to gain preferential treatment from the Bank of International Settlements have been unsuccessful. Gold's value has been denied and downplayed by the US government, as a rise in gold prices would not be geopolitically beneficial.
The situation in Argentina, with its President Milei considering switching to gold, is worth watching. Escalating tensions in the Middle East and Ukraine are also impacting energy prices and geopolitical dynamics.
Time Stamp References:
0:00 – Introduction
0:32 - Gold's Recent Move
6:13 - Reverse REPOs
10:25 - Gold & Rates in 1970s
15:10 - Middle East Concerns
17:20 - DXY & Yen Carry Trade
24:42 - Banking Weakness
30:14 - Central Bank Alternative
38:34 - 2024 Outlook & the East
42:55 - Gold Vs. The Dollar
46:40 - Argentina Thoughts
48:16 - Conflict & Tension
1:00:09 - Russia/China Relations
1:03:27 - Wrap Up
Talking Points From This Episode
- Governments have used central banks to influence markets and manipulate interest rates, leading to decreased services for small and medium-sized businesses.
- Central banks have become predatory institutions when dealing with the private sector, controlling the money supply and leading to an increase in government debt.
- The attempted alliance between Russia and China, and the potential implications for geopolitics.