News, Rumors and Opinions Wedneaday AM 3-13-2024
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 Tues. 12 March 2024
Compiled Tues. 12 March 2024 12:01 am EST by Judy Byington
US Banks No Longer Allowed to Make Loans on Fiat US Dollar
Chinese Real Estate Market Bankrupt
IS THE #FED (PERHAPS WILLINGLY) STARTING A BANKING CRISIS TODAY?, Ultra Vertum Vincent on Telegram Mon. 11 March
On Mon. 11 March the “Bank Term Funding Program,” the infamous #BTFP, will be history. There should not have been any surprise about this if it weren’t for the fact that the banking situation today is much worse than it was one year ago when the #BTFP was launched.
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 Tues. 12 March 2024
Compiled Tues. 12 March 2024 12:01 am EST by Judy Byington
US Banks No Longer Allowed to Make Loans on Fiat US Dollar
Chinese Real Estate Market Bankrupt
IS THE #FED (PERHAPS WILLINGLY) STARTING A BANKING CRISIS TODAY?, Ultra Vertum Vincent on Telegram Mon. 11 March
On Mon. 11 March the “Bank Term Funding Program,” the infamous #BTFP, will be history. There should not have been any surprise about this if it weren’t for the fact that the banking situation today is much worse than it was one year ago when the #BTFP was launched.
If you have doubts about how critical the #BTFP was to keep the whole financial system together, I suggest you read my previous analysis on the topic to help better understand what I am going to discuss next, starting from the “THE BIG BANKS ARE ALREADY UTILIZING THE FED BTFP!”
So, not only is the #FED letting the #BTFP end soon, but this is also happening without an equivalent replacement in place.
Yes, the Discount Window is available and banks should learn to use it, but what the #FED is apparently not understanding (or pretending not to) is that most of the banks cannot use it. Why?
The high-quality collateral current market value is deeply below par (while, let’s not forget, the #BTFP allowed banks to borrow against collateral pretending it was worth much more than it truly was). As a result, they would not be able to access the same amount of liquidity through the Discount Window compared to the #BTFP, leaving a gap to be filled.
Banks, in a never-ending rush to minimize their cost of capital and maximize their leverage and profits, began to aggressively re-hypothecate their (and often their clients’) assets to access liquidity after the GFC. Consequently, using the Discount Window is very capital inefficient for them.
The primordial reason why banks are so reluctant to use the #FED discount window is that everyone else in the market will know the best quality assets they hold are being pledged as collateral to the #FED, leaving all other creditors hanging on worse quality, if not radioactive ones. This is why once a bank is caught using the Discount Window, all other lenders will try to pull their liquidity from them (ultimately accelerating its downfall).
Banks will not be able to use the #BTFP anymore.
The Discount Window isn’t a viable alternative to replace the #BTFP.
Since the banking crisis last year, not a single bank raised capital, but their balance sheet losses even increased.
Banks that borrowed from the #BTFP will need to come up with $79bn to repay the #FED loans by the 4th of April.
As you can see from this table I prepared, the biggest amount of #BTFP loans are expected to be repaid in the next 4 weeks: – $11.9bn this week – $41.7bn next week – $10.7bn in 3 weeks – $14.6bn in 4 weeks.
How the hell can they do that? If it was hard to find $1bn for $NYCB to the point there wasn’t a better alternative than (locust) hedge funds, it doesn’t take a financial wizard to figure out the chances $79bn can be found in 4 weeks are realistically low.
Why can’t banks just walk away from the #BTFP? Doesn’t the #FED have collateral against the money they borrowed if they do so?
Banks cannot simply walk away and not repay money borrowed from the #BTFP because that was made in the form of a “loan” and defaulting against it will trigger all cross-default clauses in every other borrowing facility available to them.
Yes, it’s an incredible mess without any visible escape route. This is why I am arguing the #FED is potentially starting a banking crisis today and, honestly speaking, I don’t think people at the #FED aren’t intelligent enough to see it coming which makes me wonder if perhaps they are willingly starting a banking crisis this time. https://x.com/dariocpx/status/1766984960639172993?s=46
~~~~~~~~~~~~~
Mon. 11 March The Death of Brick & Mortar Banks, Ariel: https://x.com/prolotario1/status/1766985129681944917?s=46
A paradigm shift is not an event its a process. Everything will eventually be online for the sake of convenience and profit. Why continue lending to institutions that people are using less and less?
Nor to mention they do not have the capital to meet consumers demands. Especially when they actually have to have physical reserves and not just numbers on the computer to lend out loans to customers that can’t afford the interest and end up owing on their mortgage.
Then if the banks have too many foreclosures on their books they end up shutting down as well. The derivative market is another layer to this that is aiding in all of these bank closures that is forecasted to be 1,300 by the end of the year.
Not to mention the bank runs alone will cause most of these institutions to fold under after March 11th. So there is a plethora of reasons why we are where we are at this crucial time in the financial sector.
Read full post here: https://dinarchronicles.com/2024/03/12/restored-republic-via-a-gcr-update-as-of-march-12-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. ...we know that what has been accomplished in the de-dollarization process is hard to undo at that point...So, there is no turning back and they must move ahead.
Frank26 [Three corners of Arkansas, Oklahoma, Missouri Chase Bank Story] I just walked in. I didn't at first tell them what was going on...I started saying I'm coming into some money, I made a couple investments that look like they're going to pay off. He flat out asked, is this the dinar?...Yes...He stood up at that point and was like, I'll be right back. He
goes and gets the JP Morgan guy. FRANK: You are blessed. Not everyone is going to the banks with the JP Morgan reps. If you got one of those there they'll talk to you. If not, they'll still treat you like an idiot.
************
Salah talking banks Iqd
Nader: 2-13-2024
Iraqi Dinar Video Updates Tuesday Evening 3-12-24
Iraqi Dinar Video Updates Tuesday Evening 3-12-24
Iraqi Dinar Latest Exchange Rate Today 2024 – 2:34
CBI Announced About IQD Rate Today 2024 – 2:58
WOW Congratulations This is Good News For IQD Holder's – 5:05
Iraqi Dinar Video Updates Tuesday Evening 3-12-24
Iraqi Dinar Latest Exchange Rate Today 2024 – 2:34
CBI Announced About IQD Rate Today 2024 – 2:58
WOW Congratulations This is Good News For IQD Holder's – 5:05
Iraqi Dinar Latest Exchange Rate Today 2024 – 2:34
CBI Announced About IQD Rate Today 2024 – 2:58
WOW Congratulations This is Good News For IQD Holder's – 5:05
Currency Insider Iraqi Dinar - Dong Updates Tuesday Evening 3-12-24
Currency Insider Iraqi Dinar - Dong Updates Tuesday Evening 3-12-24
Iraqi Dinar Final Round Has Been Started – 3:07
Iraqi Dinar Going Stronger - 2:48
Currency Insider Iraqi Dinar - Dong Updates Tuesday Evening 3-12-24
Iraqi Dinar Final Round Has Been Started – 3:07
Iraqi Dinar Going Stronger - 2:48
Iraqi Dinar Final Round Has Been Started – 3:07
Iraqi Dinar Going Stronger – 2:48
Economist's "News and Views" Tuesday 3-12-2024
Andy Schectman: Banks Increase Gold, Silver Shorts Over Recent Rally
Arcadia Economics: 3-12-2024
While gold and silver prices have rallied over the past week and a half, and have left some investors wondering if we're in the beginning of a break-out, the latest COT report shows that the banks were once again shorting the metals as the price rose.
Which would typically suggest that a correction might be in our future. We've seen a little bit of that today following this morning's slightly higher than expected CPI report.
And Andy Schectman of Miles Franklin checks in to share what he's seeing, and whether the rally is likely to continue.
Andy Schectman: Banks Increase Gold, Silver Shorts Over Recent Rally
Arcadia Economics: 3-12-2024
While gold and silver prices have rallied over the past week and a half, and have left some investors wondering if we're in the beginning of a break-out, the latest COT report shows that the banks were once again shorting the metals as the price rose.
Which would typically suggest that a correction might be in our future. We've seen a little bit of that today following this morning's slightly higher than expected CPI report.
And Andy Schectman of Miles Franklin checks in to share what he's seeing, and whether the rally is likely to continue.
THE DOLLAR/CURRENCIES ARE BEING DESTROYED FASTER! AND THE WORLD ECONOMY.
Greg Mannarino: 3-12-2024
Bitcoin is Compromised and Lost Its Way; Gold and Silver are the Only Sound Money – Ted Butler
Daniela Cambone: 3-12-2024
Join Daniela Cambone at PDAC for a riveting discussion with Ted Butler of The Morgan Report. Butler contends that Blackrock's Bitcoin ETFs compromise the essence of Bitcoin, citing its fixed supply versus the derivative nature of ETFs.
He emphasizes the enduring value of gold and silver as sound money, contrasting them with Bitcoin's speculative nature.
Butler also warns of China's economic woes and their potential impact on the U.S. economy. Tune in for insightful analysis and valuable perspectives on finance and global economics.
CHAPTERS:
00:00 Ted’s background
2:10 What drew Ted to gold/silver?
3:14 Bitcoin is compromised
4:09 Bitcoin investment
4:31 Gold/silver
5:32 BRICS/China
6:42 PDAC takeaway
7:22 CBDCs
Tuesday Evening Chat With MarkZ 3-12-2024
Tuesday Evening 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: Good Evening…….Well its now officially Ramadan for the next month. Really hope that will not stop the RV.
Member: Did your bond contact have that 4:00 meeting today?
MZ: That 4 pm meeting got moved to tomorrow morning around 10AM. Est. I hope to have an update by tomorrows stream .
Tuesday Evening 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: Good Evening…….Well its now officially Ramadan for the next month. Really hope that will not stop the RV.
Member: Did your bond contact have that 4:00 meeting today?
MZ: That 4 pm meeting got moved to tomorrow morning around 10AM. Est. I hope to have an update by tomorrows stream .
Member: For Canadians: Royal Bank of Canada has recently taken over HSBC private wealth clients, & has been Basel lll compliant since April 2023.
Member: Did anyone hear the rumor that on March 14th the ATM’s will have the new money?
Member: I asked the teller at Chase if the ATM’s will have the New Money? She had a smile on her face and told me I cannot confirm nor deny!!!
Member: If we RV before banks go down. Don’t we lose access to our new money too???
MZ: If we RV before banks go down…as we understand it will all then be asset backed and we will have nothing to worry about.
Member: Mark I am starting to think this is all bullcrap …please talk me off the cliff
MZ:Were you paying attention yesterday morning? Did you see the article yesterday where they are “OPENLY” talking about changing the rate …and we know they have formed a committee to educate folks on the repricing because of changing rates. We know its going to happen…it’s the “when” that is still the monkey on our backs….
Member: so, has the dinar RV’d at .76 Cents???
Member: the dinar hasn’t RV’d. Until it’s on the Forex (not Forex Live) then we won’t know the actual rate. The .76 is only the delete the zero rate and the REER (Real Effective Exchange Rate) hasn’t been added
Member: was thinking. 76 rate could that be just in country letting that float
Member: If Iraq were to delete the zeros and go from 1,320 to 1.32 per usd how long do you think that would last? Seems low ?
Member: Melody Hines was saying this afternoon that Iraq’s working through Ramadan there has been some debt forgiveness in the country
Member: Just tried to pull up USD/IQD on Forex Live and it is now not showing anything. Not sure what’s going on there.
Member: Went to my local bank yesterday and asked to buy some Dinar's and she smiled and said we can't sell them at this time !!!! Things are crazy !!!
MZ: In world news: “Vanke-The Developer that will break China’s back” This is one of the most respected in China and may be forced to sell for liquidity. This may be the last straw in breaking China’s real estate bubble. If it cascades and brings down their entire economy. And that would cause a domino effect in Europe because they are heavily invested in Asian banks. And that will lead to failures in the US because we are invested in Europe. Follow the dominos as they fall from east to west.
MZ: This is a big one to watch. The time for a reset is nigh. They don’t have a choice.
Member: Thanks all….have a nice evening….See you in the AM
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
More News, Rumors and Opinions Tuesday Afternoon 3-12-2024
KTFA:
Al-Sistani: The beginning of the month of Ramadan is today, Tuesday
3/11/2024
Al-Sistani: The beginning of the month of Ramadan is today, Tuesday
Najaf - Saadoun Al-Jabri
The office of the religious authority, Ali al-Sistani, announced that today, Tuesday, is the beginning of the month of Ramadan for the Hijri year 1445. His office indicated in a brief statement that (it has been proven that the sighting of the crescent of the month of Ramadan is established, and that today, Tuesday, is the day of the holy month).
The Sunni Endowment Office had announced at a time that yesterday, Monday, was the first day of the month of Ramadan. Meanwhile, the Sultanate of Oman, Jordan, Morocco, Libya, Iran, Brunei, Indonesia, Malaysia and Singapore confirmed that yesterday, Monday, is the completion of the month of Shaban, making the first day of fasting today, Tuesday, due to the inability to see the crescent moon last Sunday evening.
KTFA:
Al-Sistani: The beginning of the month of Ramadan is today, Tuesday
3/11/2024
Al-Sistani: The beginning of the month of Ramadan is today, Tuesday
Najaf - Saadoun Al-Jabri
The office of the religious authority, Ali al-Sistani, announced that today, Tuesday, is the beginning of the month of Ramadan for the Hijri year 1445. His office indicated in a brief statement that (it has been proven that the sighting of the crescent of the month of Ramadan is established, and that today, Tuesday, is the day of the holy month).
The Sunni Endowment Office had announced at a time that yesterday, Monday, was the first day of the month of Ramadan. Meanwhile, the Sultanate of Oman, Jordan, Morocco, Libya, Iran, Brunei, Indonesia, Malaysia and Singapore confirmed that yesterday, Monday, is the completion of the month of Shaban, making the first day of fasting today, Tuesday, due to the inability to see the crescent moon last Sunday evening.
The countries of Saudi Arabia, Syria, Qatar, the Emirates and Turkey announced the start of fasting yesterday, Monday. LINK
Ariel (@Prolotario1): Powell Confirms “Nowhere Near Launching CBDC”
3-12-2024
No CBDC: I Told You All Of This Last Year “Fed Chair Jerome Powell has confirmed to the Senate Banking Committee that the Federal Reserve currently has no plans to launch a central bank digital currency (CBDC), alleviating concerns over privacy and government surveillance.”
“During the hearing on Thursday, Powell emphasized that the Fed’s focus remains on maintaining the current banking system structure, where only banks hold accounts with the Fed.” End quote.
Ariel: Now do you all see how far ahead you are on this account? How many times have I repeatedly informed you all on why this would never happen? Remember, you all were supposed to be in lockdowns/Quarantine for atleast 13-15 years. You would have been forced to use CBDC under the vaccine mandates.
Guess what? The mandates are lifted and you are still using paper currency.
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man This is fascinating because this is coming from the Iraqi government today in the same context of Al-Sudani. Article quote: "The Iraq government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1320. Implementing such a decision is likely to significantly increase Al-Sudani's popularity." You think!? Bring the purchasing power of $0.76 - that's what it equates to...deleting the zeros just like we've been talking about.
Frank26 Article: "Coordination Framework seeks early election to curb al-Sudani's growing popularity: analysis" Quote: "The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars." Now do you understand why they left it at 1320 even though we suggested that they would take it to 1200 or 1000?
BRICS Expansion: Another African Country to join the bloc!
Fastepo: 3-11-2024
BRICS to expand further by joining another country from global south. As stated by Foreign Minister Yusuf Tuggar, Nigeria is considering joining BRICS.
After the expansion in 2024 to include Iran, UAE, Saudi Arabia, Ethiopia, and Egypt, the BRICS bloc has seen significant growth in its economic and demographic footprint globally. The combined GDP of the expanded BRICS now represents about 36% of the global GDP, indicating a substantial increase in the bloc's economic power.
This enlargement has not only bolstered BRICS' share of global GDP but also expanded its influence in terms of population, with the bloc now encompassing around 47% of the world's population.Incorporating Nigeria into BRICS would significantly amplify the bloc's demographic and strategic advantage.
With Nigeria's population of 230 million, it stands as Africa's most populous nation. This addition would propel BRICS' representation to encompass over half of the global population, marking a substantial increase in its collective influence. Moreover, the inclusion of these new members has positioned BRICS as a formidable entity in the global oil market, controlling about 43.1% of global oil production.
This strategic dominance in oil production is largely attributed to the addition of leading oil exporters like Saudi Arabia. The expansion also enhances BRICS' role in global trade, with its share of global exports rising to 25.1%, showcasing the bloc's growing significance in international commerce.
Iraqi Dinar Today Video Updates Tuesday AM 3-12-24
Iraqi Dinar Today Video Updates Tuesday AM 3-12-24
Congratulations JP Morgan Chase Bank Confirmed IQD RV And Exchange – 2:45
Wow Iraqi Dinar Hitting New Exchange Rates – 3:06
Massive Revelation: Dinar Value rise to $4.00 – 1:42
Iraqi Dinar Today Video Updates Tuesday AM 3-12-24
Congratulations JP Morgan Chase Bank Confirmed IQD RV And Exchange – 2:45
Wow Iraqi Dinar Hitting New Exchange Rates – 3:06
Massive Revelation: Dinar Value rise to $4.00 – 1:42
Congratulations JP Morgan Chase Bank Confirmed IQD RV And Exchange – 2:45
Wow Iraqi Dinar Hitting New Exchange Rates – 3:06
Massive Revelation: Dinar Value rise to $4.00 – 1:42
Thoughts From DJ: DID YOU KNOW? Confusion
DJ: DID YOU KNOW? Confusion
It’s funny. All you have to do is say something nobody understands and they’ll do and believe practically anything you want them too.
How easy it is for so many of us today to be so full of information yet fully deprived of accurate information. In this age of technology there is constant access to vast amounts of information. But it seems like it’s just a collection of weird quizzes with no answers to half the questions.
We are wrapped up in a cycle of illusions, delusions and confusions. It is the confusion of how to think, feel, digest and react to what goes on. People get overwhelmed and want to accept an answer just because it’s too scary not to have an answer. Which, it turns out, is a good way to get the wrong answer.
We often confuse what we wish for, for what actually is. We are caught in this game and have no idea what the rules are.
DJ: DID YOU KNOW? Confusion
It’s funny. All you have to do is say something nobody understands and they’ll do and believe practically anything you want them too.
How easy it is for so many of us today to be so full of information yet fully deprived of accurate information. In this age of technology there is constant access to vast amounts of information. But it seems like it’s just a collection of weird quizzes with no answers to half the questions.
We are wrapped up in a cycle of illusions, delusions and confusions. It is the confusion of how to think, feel, digest and react to what goes on. People get overwhelmed and want to accept an answer just because it’s too scary not to have an answer. Which, it turns out, is a good way to get the wrong answer.
We often confuse what we wish for, for what actually is. We are caught in this game and have no idea what the rules are.
People so easily accept answers just to know they’re not alone in their confusion. As time moves on the lines begin to blur. It no longer seems as simple as good versus evil, but good versus fools who think they are good.
I want to believe, as I think most people do, that I am optimistic. But one can’t get carried away with optimism. The unyielding optimist will pretend that the forest is not burning either because they are too lazy, or too afraid, to go put the fire out.
We have to balance our optimistic view of what can happen with reality. The most confused you will ever get is when you try to convince your heart and spirit of something your mind knows is a lie. Meaning, accepting any answer because we are scared of not having an answer and disregarding the facts of reality.
If you had not summarized what this article is referring to, it’s the GCR and all of the other financial movements. The RV, Prosperity Programs, Historical Bond Redemption’s, the QFS, the Global Collateral accounts and if you really want to expand it, politics, governments, social upheaval and just about any other subject you may try and inquire about.
The more you look for answers the more confusing it gets. The more questions you have that are answered the more you realize what you don’t know. It gets to the point you don’t even know what question to ask. You would think the more knowledge you acquire for what you want to know, the closer to your answers you’re looking for you would get. But that’s not what happens.
Stay grounded, manage expectations, and look at what is happening, not what may happen. Try and use what is real to make life decisions and not get caught up in the vast information pool of confusion and speculation that create false expectations.
DJ
News, Rumors and Opinions Tuesday AM 3-12-2024
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 Tues. 12 March 2024
Compiled Tues. 12 March 2024 12:01 am EST by Judy Byington
Timeline – What a Week Before Us!:
On Mon. 11 March the Bank Term Funding Program (BTFP) now required that banks would no longer get funding for their loans from the Federal Reserve Board, so any loan they made would have to be out of their own gold-backed monies and not made on the fiat US Dollar from the Federal Reserve. This is a Death Sentence for US Banks.
Tier4b (us, the Internet Group) notification to set redemption/exchange appointments could occur at any moment. Tier4b will have 14-15 days to exchange at Redemption Centers at the special rates, after which you would have to exchange at the lower rates of a bank.
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 Tues. 12 March 2024
Compiled Tues. 12 March 2024 12:01 am EST by Judy Byington
Timeline – What a Week Before Us!:
On Mon. 11 March the Bank Term Funding Program (BTFP) now required that banks would no longer get funding for their loans from the Federal Reserve Board, so any loan they made would have to be out of their own gold-backed monies and not made on the fiat US Dollar from the Federal Reserve. This is a Death Sentence for US Banks.
Tier4b (us, the Internet Group) notification to set redemption/exchange appointments could occur at any moment. Tier4b will have 14-15 days to exchange at Redemption Centers at the special rates, after which you would have to exchange at the lower rates of a bank.
On Fri. 15 March the new gold/asset-backed US Note could be available to the General Public and will replace the old Federal Reserve fiat US Dollar in ATM machines. It was also likely that on that same Fri. 15 March Restitution and Rebate monies will begin to be paid out and Social Security increases may begin.
Global Financial Crisis
Mon. 11 March: Wall Street and regional banks scramble for new funds as the FED ends emergency lending program, aimed at keeping failing banks afloat during banking collapse. https://www.disclose.tv/id/ar418mxb7p/
Mon. 11 March Argentina arrests $400 million Crypto Currency Ponzi Scheme Founder: https://news.bitcoin.com/latam-insights-argentina-arrests-400-million-cryptocurrency-ponzi-scheme-founders-brazil-defines-crypto-regulation-as-a-priority/
Mon. 11 March JP Morgan Chase Employees Steal $1,800,000 From Customers: https://dailyhodl.com/2024/03/10/jpmorgan-chase-employee-steals-1800000-from-customers-and-victims-of-elaborate-romance-scam-report/
Mon. 11 March BTFP, a bank program that provides loans to institutions to support the U.S. financial system, was now closed. Banks could no longer make loans unless their monies were gold/asset-backed: https://www.cryptopolitan.com/us-banking-sector-speculation-btfp-closure/
Wells Fargo, Bank of America, PNC to close 1,300 Branches this year: https://www.dailymail.co.uk/yourmoney/article-13160397/bank-closure-wells-fargo-bank-america-pnc.html
BRICS sets up anti-money laundering working group – Tehran Times: https://www.tehrantimes.com/news/495984/BRICS-sets-up-anti-money-laundering-working-group
Starting on Monday, March 11th, banks will be prohibited by law from loaning the fiat US Dollar, according to an announcement from the Federal Reserve Board. During a period of stress last spring, the Bank Term Funding Program helped assure the stability of the banking system and provide support for the economy. After March 11 banks and other depository institutions will continue to have ready access to the discount window to meet liquidity needs. Nonetheless, the BTFP’s closure is likely to increase banks’ borrowing costs, meaning their profit margins will fall. They might react with higher lending rates or by making less credit available to customers, potentially weakening the economy.https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm
Mon. 11 March Tokyo stocks tumble in morning on tech selling, stronger yen, Nippon.com: https://www.nippon.com/en/news/kd1139763573484061255/
Mon. 11 March Chinese Real Estate Market Bankrupt: https://www.cnbc.com/2024/03/11/chinas-housing-minister-property-developers-must-go-bankrupt-if-needed.html
Read full post here: https://dinarchronicles.com/2024/03/12/restored-republic-via-a-gcr-update-as-of-march-12-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 JP Morgan I think is going to be extremely important to us...Don't just think that you're going to be limited to Chase and JP Morgan. I used [them as example] only so that it could be of help to you. To guide you. At least you know where you can start. If you don't like them go somewhere else.
Militia Man They're not going to...build a country at 1310. The math doesn't work. I don't care how many times people try to figure that out. Think about it for a second...1310 dinars to buy a pencil but if you can buy 100 pencils for one dinar because the dinar is worth $3.00, $4.00 or more. How many pencils can you buy? Think about that in bricks, steel, sewer systems, infrastructure, lighting, military operations, airplanes, guns and weapons, grocery stores at 1310 as opposed to 2, 3, 4 bucks. They specifically bring up and invoke 'previous eras' not me. I just report that...
The US Is Flat Broke After US Senator Exposes Government Spending Scam!
Atlantis Report: 3-11-2024
The United States government's debt has recently surged past an unprecedented milestone. Despite the nation's strong economic standing and low unemployment rates, the relentless growth of the debt raises serious concerns about its implications.
As experts warn of the dangers posed by this burgeoning debt, it is important to examine the root causes and potential consequences of this financial predicament.
Iraqi Dinar Today Video Updates Monday Evening 3-11-24
Iraqi Dinar Today Video Updates Monday Evening 3-11-24
WOW its, Great BOA,CITI Bank, Chase Bank Show IQD New Exchange Rate On Screen – 2:43
Finally $3.22 Rate Goal to Revealed – 3:06
Massive Breaking News IQD & VND International RV Announced Tomorrow – 2:51
Insightful News on Iraq dinar What You Need to Know – 2:19
Iraqi Dinar Today Video Updates Monday Evening 3-11-24
WOW its, Great BOA,CITI Bank, Chase Bank Show IQD New Exchange Rate On Screen – 2:43
Finally $3.22 Rate Goal to Revealed – 3:06
Massive Breaking News IQD & VND International RV Announced Tomorrow – 2:51
Insightful News on Iraq dinar What You Need to Know – 2:19
WOW its, Great BOA,CITI Bank, Chase Bank Show IQD New Exchange Rate On Screen – 2:43
Finally $3.22 Rate Goal to Revealed – 3:06
Massive Breaking News IQD & VND International RV Announced Tomorrow – 2:51
Insightful News on Iraq dinar What You Need to Know – 2:19
Currency Insider Iraqi Dinar - Dong Updates Monday Evening 3-11-24
Currency Insider Iraqi Dinar - Dong Updates Monday Evening 3-11-24
Iraqi dinar new rates going $3.50 Or Above – 3:18
CBI Revalue Iraqi dinar $3.30 – 2:48
Iraqi Dinar RV Starting Now – 2:36
Currency Insider Iraqi Dinar - Dong Updates Monday Evening 3-11-24
Iraqi dinar new rates going $3.50 Or Above – 3:18
CBI Revalue Iraqi dinar $3.30 – 2:48
Iraqi Dinar RV Starting Now – 2:36
Iraqi dinar new rates going $3.50 Or Above – 3:18
CBI Revalue Iraqi dinar $3.30 – 2:48
Iraqi Dinar RV Starting Now – 2:36