BRICS Initiates Chinese Yuan’s Rise: JP Morgan Says Potential End for the US Dollar
BRICS Initiates Chinese Yuan’s Rise: JP Morgan Says Potential End for the US Dollar
On January 7, 2024 By Awake-In-3D
In RV/GCR
The BRICS alliance continues making financial waves as JP Morgan hints at a significant geopolitical currency shift. The Chinese Yuan’s rise, gaining momentum, emerges as a plausible alternative to the once-dominant US Dollar.
BRICS De-Dollarization Plans Has Potential
In a steady turn of events throughout 2023, BRICS has strategically revealed its de-dollarization plans, openly aiming to diminish the U.S. dollar’s hegemony.
The alliance’s commitment to promoting local currencies has set the stage for a profound transformation in the global financial landscape.
BRICS Initiates Chinese Yuan’s Rise: JP Morgan Says Potential End for the US Dollar
On January 7, 2024 By Awake-In-3D
In RV/GCR
The BRICS alliance continues making financial waves as JP Morgan hints at a significant geopolitical currency shift. The Chinese Yuan’s rise, gaining momentum, emerges as a plausible alternative to the once-dominant US Dollar.
BRICS De-Dollarization Plans Has Potential
In a steady turn of events throughout 2023, BRICS has strategically revealed its de-dollarization plans, openly aiming to diminish the U.S. dollar’s hegemony.
The alliance’s commitment to promoting local currencies has set the stage for a profound transformation in the global financial landscape.
JP Morgan Analysts: Yuan’s Rise as a Game-Changer
JP Morgan, a financial services Goliath, has weighed in on the matter, highlighting China’s Yuan as a potential game-changer in the quest to dethrone the US Dollar.
Alexander Wise, a strategic researcher at JP Morgan, emphasized the Chinese Yuan’s rise taking a central role in the global economic shift.
Wise elaborated, stating, “With China’s growth centrality in global commerce, one might naturally expect the renminbi to assume a greater role in the global economy over time.”
To solidify its position, China is strategically implementing measures such as relaxing capital controls, opening markets, and promoting market liquidity.
BRICS’ Decisive Moves: Data Speaks Louder than Words
The BRICS alliance has not merely expressed intentions but has taken tangible steps towards reducing the US dollar’s significance.
Noteworthy data reveals that 25% of Russia’s non-China trade was settled in the Yuan, showcasing a tangible shift in trade dynamics.
Additionally, a colossal $7 billion currency swap agreement between China and Saudi Arabia amplifies the potential acceleration of the Yuan’s ascent.
Implications for the Dollar’s Future
As the Yuan gains traction, the US Dollar faces the prospect of a gradual decline in its international standing.
The combination of BRICS’ strategic initiatives and JP Morgan’s analysis positions the Yuan as a formidable contender, challenging the once-unquestioned dominance of the US Dollar.
In a landscape marked by continuous financial transformations, the rise of the Yuan signifies a potential turning point in the Great Global Fiat Debt Currency System, aligning with the ongoing narrative of a global financial reset.
The question now lingers: Can the Yuan truly emerge as the harbinger of change, signaling the logical conclusion of the existing fiat currency order?
Contributing article: https://www.jpmorgan.com/insights/global-research/currencies/de-dollarization
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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https://ai3d.blog/brics-initiates-chinese-yuans-rise-jp-morgan-says-potential-end-for-the-us-dollar/
"Tidbits From TNT" Monday 1-8-2024
TNT:
CandyKisses: Parliamentary defense calls for the liberation of Iraq's economy from the US grip
Information / Baghdad...
A member of the parliamentary security and defense committee, Waad al-Qaddo, called on Monday to liberate Iraq's economy from the US grip.
Al-Qaddo said in an interview with Al-Maalouma that "America sought directly after 2003 to impose restrictions on Iraq's economy and its funds in various ways, the most important of which is to limit the flow of oil sale funds towards the federal, from which they are transferred to the central bank in Baghdad, meaning that our financial wealth is like a hostage controlled by a distance."
He added, "The US restrictions on Iraq's funds take multiple dimensions and are used from time to time as a pressure card on governments to achieve an agenda, pointing out that "liberating our economy from the American grip is a priority that will give greater flexibility in avoiding pressure papers and prevent 5 direct risks threatening the economy, including manipulating the parallel market and creating fog about the strength of the dinar and perpetuating the corruption file created by the US administration."
TNT:
CandyKisses: Parliamentary defense calls for the liberation of Iraq's economy from the US grip
Information / Baghdad...
A member of the parliamentary security and defense committee, Waad al-Qaddo, called on Monday to liberate Iraq's economy from the US grip.
Al-Qaddo said in an interview with Al-Maalouma that "America sought directly after 2003 to impose restrictions on Iraq's economy and its funds in various ways, the most important of which is to limit the flow of oil sale funds towards the federal, from which they are transferred to the central bank in Baghdad, meaning that our financial wealth is like a hostage controlled by a distance."
He added, "The US restrictions on Iraq's funds take multiple dimensions and are used from time to time as a pressure card on governments to achieve an agenda, pointing out that "liberating our economy from the American grip is a priority that will give greater flexibility in avoiding pressure papers and prevent 5 direct risks threatening the economy, including manipulating the parallel market and creating fog about the strength of the dinar and perpetuating the corruption file created by the US administration."
He pointed out that "the economy is a dangerous American card that must be paid attention to and seek to crystallize the basket of currencies that will get Baghdad out of the dollar tunnel and its effects."
The US administration imposes a series of restrictions on the circulation of the dollar and how to deal with it in Iraq in a blatant intervention for many years."
Tishwash: Al-Fateh: America is carrying out actions that contradict international laws inside Iraq
A member of the Al-Fatah Alliance, Ayed Al-Hilali, confirmed on Monday that the American forces violated Iraq's autonomy and continue their series of crimes against the people, as what these forces are doing is in violation of international laws, which necessitates taking deterrent measures to preserve Iraq's autonomy.
Al-Hilali told Al-Maalouma, “There is an urgent need for integration of visions between the federal government and the resistance factions so that Iraq’s position will be stronger towards the American side, especially since the American forces have violated Iraq’s autonomy and in the heart of Baghdad.”
He added, "The Iraqi state's discourse should be an integrated discourse, at a time when there is a political and popular consensus to reject American actions and the continuing violations inside Iraq."
He stated that "the violations committed by America inside Iraq are acts contrary to international laws, which necessitates taking deterrent measures after unifying the discourse between all political forces and components of the state in order to end or reduce the American military presence on Iraqi territory." link
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CandyKisses: There are two files. Washington continues to press to prevent Iraqi cooperation with China
Information / Baghdad.
Hussein Ali al-Karawi, head of the organizing body of the popular movement for the Belt and Road, accused the United States of exerting pressure on Iraq to prevent it from rapprochement with all major countries.
Al-Karawi said in an interview with the Information Agency that "the United States of America stands as an obstacle to Iraq with regard to the Silk Road and dealing or cooperating economically or militarily with China and the rest of the countries such as Germany in the electricity sector, as well as Russia in the field of arming the army to remain under its control and arrogance."
He added, "The United States of America is pushing to prevent Iraq from joining the Belt and Road Economic Initiative or in the field of arming Iraq militarily."
Al-Karawi pointed out that "the Iraqi parliament must have a position on American pressure."
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Tishwash: this in Kurdistan
Thousands of protesters demanding their late salaries block the main roads in Sulaymaniyah
This morning, the demonstrations of educational staff were renewed in Sulaymaniyah Governorate, with a categorical rejection of the decision to return to work, as the demonstrators stipulated that their demands be met.
One of the demonstrators told "Baghdad Today", "The demonstrations will continue until the legitimate demands of educational personnel guaranteed by the constitution are met," stressing his rejection of "the return of work hours."
Yesterday, Sunday (January 7, 2024), the Ministry of Education in the Kurdistan Government decided to return promotions to educational staff and transfer lecturers to contracts, while conditioning this on amending the budget.
Many of the region's employees and teaching staff, especially in Sulaymaniyah Governorate, continue to demonstrate to demand the payment of their salaries, which have been delayed for many months, amid the inability of Baghdad and Erbil to solve the crisis radically, and to be satisfied with "temporary" and "patchwork" solutions, according to observers of political and economic affairs. link
Mot: .... in 3......... 2 ...........
Mot: ... Happy National Whipped Cream Day!
News, Rumors and Opinions Monday AM 1-8-2024
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 fromm the Restored Republic via a GCR: Update as of Sun. 7 Jan. 2024
Compiled Sun. 7 Jan. 2024 12:01 am EST by Judy Byington
NESARA implements the following changes: (RUMORS)
1. Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare: a “jubilee” or a forgiveness of debt.
2. Abolishes the income tax.
3. Abolishes the IRS. Employees of the IRS will be transferred into the US Treasury national sales tax area.
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 fromm the Restored Republic via a GCR: Update as of Sun. 7 Jan. 2024
Compiled Sun. 7 Jan. 2024 12:01 am EST by Judy Byington
NESARA implements the following changes: (RUMORS)
1. Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare: a “jubilee” or a forgiveness of debt.
2. Abolishes the income tax.
3. Abolishes the IRS. Employees of the IRS will be transferred into the US Treasury national sales tax area.
4. Creates a 14% flat rate non-essential ‘new items only’ sales tax revenue for the government. In other words food and medicine will not be taxed; nor will used items such as old homes.
5. Increases benefits to senior citizens
6. Returns Constitutional Law to all courts and legal matters.
7. Reinstates the original Title of Nobility amendment. Hundreds of thousands of Americans under the control of foreign powers will lose their citizenship, be deported to other countries, and barred from reentry for the remainder of their life. And millions of people will soon discover their college degrees are now worthless paper.
8. Establishes new Presidential and Congressional elections within 120 days after NESARA’s announcement. The interim government will cancel all “National Emergencies” and return us back to Constitutional Law.
9. Monitors elections and prevents illegal election activities of special interest groups.
10. Creates a new U.S. Treasury, ‘rainbow currency,’ backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.
11. Forbids the sale of American birth certificate records as chattel property bonds by the US Department of Transportation.
12. Initiates new U.S. Treasury Bank System in alignment with Constitutional Law
13. Eliminates the Federal Reserve System. During the transition period the Federal Reserve will be allowed to operate side by side of the U.S. Treasury for one year in order to remove all Federal Reserve notes from the money supply.
14. Restores financial privacy
15. Retrains all judges and attorneys in Constitutional Law.
16. Ceases all aggressive, U.S. government military actions worldwide.
17. Establishes peace throughout the world.
18. Releases enormous sums of money for humanitarian purposes.
19. Enables the release of over 6,000 patents of suppressed technologies that are being withheld from the public under the guise of national security, including free energy devices, antigravity, and sonic healing machines.
Read full post here: https://dinarchronicles.com/2024/01/07/restored-republic-via-a-gcr-update-as-of-january-7-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat I am told they fully intend to have this parallel market on target and under control within January...if they can accomplish this target, we know what their next move will be... We don’t need to speculate...We know as a FACT!
Sandy Ingram What will it take for the Iraqi dinar to strengthen against the US dollar? Imagine a country as a business. The Gross Domestic Product (GDP) is essentially its annual report showcasing the value of all goods and services produced. A high GDP indicates a booming economy...The currency rate on the other hand is a bit like a company's share price. It's the global market's way of saying how much it thinks that...country is worth. The stronger the currency, the more confidence the world has in the country's economic stability and growth potential. How does a GDP affect a country's currency rate? Simply, a higher GDP signals a stronger, productive economy. This attracts foreign investors, who need to buy the country's currency to invest. This surge in demand for the currency increases its value, or 'rate'...A rise in Iraq's GDP implies a healthier economy and a potential increase in the dinars value.
The stock exchange is affected by The exchange rate IQD Dinar
Nader 1-7-2024
Bank Of America And JPMorgan Chase Bank Sound the Warning Alarm
Atlantis Report: 1-7-2024
In the world of finance, warning signals are starting to flash, and two of the most influential players, Bank of America and JPMorgan Chase, are sounding the alarm. JPMorgan Chase, America's largest bank, issues a stark warning to investors, and Bank of America takes an unprecedented step, closing all four credit cards for one individual, leaving customers bewildered and seeking answers.
Goldilocks' Comments and Global Economic News Sunday Evening 1-7-24
Goldilocks' Comments and Global Economic News Sunday Evening 1-7-24
Good Evening Dinar Recaps,
"Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported."
We have a lot of the BRICS currency countries getting ready to trade with each other sidelining the dollar along the way. Some have already begun this process.
This will move the price of gold to make up the difference in the following use of the dollar along with inflation that will eat at its value.
It will require more gold to fill in the gaps and create more and more need to support the dollar through these new capital requirements of Basel 3 about to be implemented on January the 16th.
This will create a profound effect on all of the Global currencies that rely on the dollar in trade especially those who are trading now in their local currencies.
Goldilocks' Comments and Global Economic News Sunday Evening 1-7-24
Good Evening Dinar Recaps,
"Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported."
We have a lot of the BRICS currency countries getting ready to trade with each other sidelining the dollar along the way. Some have already begun this process.
This will move the price of gold to make up the difference in the following use of the dollar along with inflation that will eat at its value.
It will require more gold to fill in the gaps and create more and more need to support the dollar through these new capital requirements of Basel 3 about to be implemented on January the 16th.
This will create a profound effect on all of the Global currencies that rely on the dollar in trade especially those who are trading now in their local currencies.
As this year goes on, the need to utilize the worth of gold inside these currencies around the world will make the value of gold increase. It will enable the Global currencies to hold in reserve status more gold to support their currencies rather than the US dollar.
Over time, the use of gold will determine the new values our Global currencies will have. As these currencies formulate new values inside the markets and the banking system through use-case scenarios, we will develop standard protocols capable of leveling the playing field around the world.
© Goldilocks Live Mint Link Euromoney Link
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What Drives the Price of Gold? Investopedia Link
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As the year progresses, we will have a new World Reserve Status - in gold.
© Goldilocks
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Russia assumes BRICS chair, Putin unveils agenda as five more nations join group Times of India
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Stellar Vs Ripple - TokenPost
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Bitcoin ETFs Are Coming Fast. Crypto Investing Will Never Be The Same - Investor's Business Daily Link
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When Will U.S. Federal Debt Collapse into Bankruptcy? Awake-In-3D
When Will U.S. Federal Debt Collapse into Bankruptcy?
On January 7, 2024 By Awake-In-3D
In the reality of the relentless ascent of U.S. federal debt, a tipping point threatens to push the government into financial insolvency.
Given the complex nature of this impending crisis within the context of a Global Financial Reset (GFR) and Global Currency Reset (GCR), is it possible to determine exactly when the U.S. federal government debt becomes undeniably unsustainable?
When Will U.S. Federal Debt Collapse into Bankruptcy?
On January 7, 2024 By Awake-In-3D
In the reality of the relentless ascent of U.S. federal debt, a tipping point threatens to push the government into financial insolvency.
Given the complex nature of this impending crisis within the context of a Global Financial Reset (GFR) and Global Currency Reset (GCR), is it possible to determine exactly when the U.S. federal government debt becomes undeniably unsustainable?
Factors Driving the Surge of U.S. Federal Debt
The debt-GDP ratio has been steadily rising since the late 2000s, fueled by major policy shifts responding to events like the Great Recession, the Tax Cuts and Jobs Act of 2017, and the recent Covid-19 stimulus.
These factors contribute to a financial landscape echoing a global economic reset and currency shift—a narrative central to the GFR/GCR scenario.
Essentially, as the government borrows more money, it must pay higher interest rates to lenders. This dynamic creates a risky situation.
If markets foresee continuous debt growth, they demand even higher interest rates, setting off a dangerous cycle that can threaten the government’s ability to borrow and spend.
This echoes the challenges foreseen in the GFR/GCR thesis.
Challenges in Predicting a U.S. Federal Debt Crisis
Predicting when the crisis will hit is no easy feat.
Financial models face challenges due to their complexity and the unpredictability of future events—complexities akin to the uncertainties surrounding the fate of the current financial system.
Attempts to forecast when the debt will bankrupt the U.S. Federal Government involve wandering through a maze of intricate financial variables within the GFR/GCR framework.
The answer is, it’s nearly impossible to forecast a time-frame for a debt collapse. If anyone says they have a date, they certainly don’t know.
What to Watch For
As the debt relentlessly climbs higher, keep an eye on key indicators.
The debt-GDP ratio reaching critical levels around 130% or more, continuous policy changes to manage the increasing debt, and rising interest rates demanded by financial markets (to manage the debt default risk) are critical signs to watch for.
These indicators provide insights into the evolving financial landscape and potential shifts in the global economic order, aligning with the prophesied changes in the GFR/GCR narrative.
The Bottom Line
Federal Debt is different than total Public Debt (which is over $34 Trillion as of today).
As of September 30, 2023, the federal debt stood at a staggering $26.3 trillion, nearly 98 percent of projected GDP.
The United States stands on a cliff, looking over the edge into the peril of escalating federal debt within the context of a shifting financial and geopolitical (BRICS) landscape.
Understanding the complexities of when federal debt becomes unsustainable requires discerning observation of policy shifts, market dynamics, and the nuances of economic forecasting—a journey poised on the brink of an uncertain fiscal future within the narrative of the GFR/GCR.
https://ai3d.blog/when-will-u-s-federal-debt-will-collapse-into-bankruptcy/
Iran-Russia deal, BRICS expansion spell dollar demise
Iran-Russia deal, BRICS expansion spell dollar demise
In a recent op-ed for the Foreign Policy magazine, former White House economist Joe Sullivan warned that a BRICS currency could topple the dollar and put it in a similar position as the British pound, which slipped from international dominance in the 1800s.
Friday, 05 January 2024 – PressTV.co.uk
Iran and Russia have finalized an agreement to trade in their local currencies instead of the US dollar.
Last week, Iran and Russia announced to have finalized an agreement to trade in their local currencies instead of the US dollar. The agreement signed during a meeting between the governors of the two countries’ central banks in Russia enables banks and economic actors to use infrastructures including non-SWIFT interbank systems to deal in local currencies.
Both Iran and Russia are subject to US sanctions, which have motivated the emerging allies to craft their own path in the global economy and break away from traditional monetary systems as countries around the world shift away from the greenback.
Iran-Russia deal, BRICS expansion spell dollar demise
In a recent op-ed for the Foreign Policy magazine, former White House economist Joe Sullivan warned that a BRICS currency could topple the dollar and put it in a similar position as the British pound, which slipped from international dominance in the 1800s.
Friday, 05 January 2024 – PressTV.co.uk
Iran and Russia have finalized an agreement to trade in their local currencies instead of the US dollar.
Last week, Iran and Russia announced to have finalized an agreement to trade in their local currencies instead of the US dollar. The agreement signed during a meeting between the governors of the two countries’ central banks in Russia enables banks and economic actors to use infrastructures including non-SWIFT interbank systems to deal in local currencies.
Both Iran and Russia are subject to US sanctions, which have motivated the emerging allies to craft their own path in the global economy and break away from traditional monetary systems as countries around the world shift away from the greenback.
In recent years, Russia and Iran have stepped up oil sales in alternative currencies, and found buyers in China, India and elsewhere that are happy to buy these exports often at lower prices because paying in a domestic currency rather than dollars lowers transaction costs.
Last October, Royal Bank of Canada reported that 25% of Russia’s trade with countries other than China was settled with the Chinese yuan.
The US dollar’s dominant role in the international monetary system has enabled the country to act as the world’s watchdog and use threats of exclusion from the dollar-based financial system as a political leverage against the nations which it does not see eye to eye.
Seeing a risk that Washington could act similarly against them in the future, other governments have also moved to reduce their dependence on dollar payments.
Brazil, the United Arab Emirates and Saudi Arabia have recently taken steps laying the groundwork for trade that sidesteps the dollar.
An Indian refiner took in a shipment of Emirati oil and paid for in Indian rupees after their governments signed a deal in the summer to trade in their own currencies. Brazil and China completed their first local-currency commodity transaction in the fall, involving a shipment of Brazilian pulp.
And in November, China and Saudi Arabia reached a currency swap agreement worth around $7 billion, marking another step in the dedollarization trend.
China imported $65 billion worth of Saudi crude oil in 2022, according to Chinese customs data. If Beijing can successfully develop a non-dollar oil trading architecture with Saudi Arabia, it will be able to withstand financial sanctions directed at China’s oil imports.
China’s leaders know that its dollar reserves, like Russia’s, can be frozen, and the holdings and transactions of Chinese firms frozen and blocked. Such moves would place extraordinary stress on China’s economy, which is more complexly intertwined with global trade than Russia’s.
Oil is at the center of the shift. A JPMorgan report in September confirmed that more and more of the oil trade is taking place with currencies other than the dollar.
Russia has been selling in Chinese yuan, Russian rubles, Emirati dirhams and Indian rupees, according to the Institute of International Finance. Iran, which mostly sells oil to China in yuan, also has stepped up exports.
Last year, Pakistan began paying for Russian oil shipments in the Chinese currency amid a dollar shortage in the South Asian country.
However, the most serious challenge to the dollar’s dominance is coming from BRICS countries, thanks to the bloc’s growing size and influence over global trade.
The group of emerging countries was formed in 2006 by Brazil, Russia, India and China, with South Africa joining in 2010. BRICS rang in 2024 by inducting five new countries including Saudi Arabia, the United Arab Emirates, Egypt, Iran, and Ethiopia.
However, more countries have submitted applications to join it and its de-dollarization mission, including as many as 16 new nations which may join BRICS in 2024.
Egypt, Ethiopia, and Saudi Arabia surround the Suez Canal, a key passage for goods to flow into international markets that gives BRICS influence over 12% of all global trade.
The group has now a combined population of about 3.5 billion people, with a combined economy worth over $28.5 trillion or about 28% of the global economy.
In August last year, Brazil’s President Luiz Inacio Lula da Silva called for the BRICS nations to create a common currency for trade and investment between each other.
BRICS is also looking to create their own internet services and not depend on American technology for news and social media.
Last summer, 10 ASEAN countries agreed to stop trading in the US dollar and use native currencies for cross-border settlements.
The bloc compromises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam which are likely on the list of applicants to join BRICS.
In a recent op-ed for the Foreign Policy magazine, former White House economist Joe Sullivan warned that a BRICS currency could topple the dollar and put it in a similar position as the British pound, which slipped from international dominance in the 1800s.
Sullivan touched on major sway of the bloc in commodities markets where Saudi Arabia, Iran, and the UAE are among the world’s top exporters of fossil fuels, while Brazil, China, and Russia are major exporters of precious metals.
Saudi Arabia, Sullivan said, owns over $100 billion in US bonds, which has helped bring BRICS’ total holdings in US Treasury over $1 trillion.
If countries ditch the dollar, the currency will circulate back to the US and lead to inflation where the prices of housing, rent, and basic daily necessities will skyrocket and become unaffordable.
The remaining countries which have not removed the dollar from their economic cycle would have to share the burden with the United States.
De-dollarization would also neutralize US sanctions against countries such as Iran and Russia and ease up commercial exchanges among them.
Moreover, it would lead to economic pressure on Western countries, prompting Europe to carry out trade in euro and any currencies other than the dollar, sending the greenback further into a tailspin.
More News, Rumors and Opinions Sunday PM 1-7-2024
TNT:
Tishwash: Iran talks about economic transactions with Iraq: they will be carried out in riyals
The Deputy Governor of the Central Bank of Iran for International Affairs announced on Sunday that Iranian businessmen will be able to conduct their economic transactions with Iraq in riyals.
Mohsen Karimi said, according to Iranian television: “Exporters from Iran and Russia have the possibility of exporting in their national currency,” adding: “In this project, exporters and importers exchange their goods for riyals. As for the countries from which we import with riyals, it is possible to export to them with riyals as well.”
Karimi referred to the opening of a letter of credit between Iran and Russia, saying: “We have linked the correspondence network between the two countries, which means that the banks of the two countries no longer need to communicate through Switzerland. It is possible for the exporter to submit an invoice in riyals to the Russian side and receive the money from the Russian banks.” in Iran".
TNT:
Tishwash: Iran talks about economic transactions with Iraq: they will be carried out in riyals
The Deputy Governor of the Central Bank of Iran for International Affairs announced on Sunday that Iranian businessmen will be able to conduct their economic transactions with Iraq in riyals.
Mohsen Karimi said, according to Iranian television: “Exporters from Iran and Russia have the possibility of exporting in their national currency,” adding: “In this project, exporters and importers exchange their goods for riyals. As for the countries from which we import with riyals, it is possible to export to them with riyals as well.”
Karimi referred to the opening of a letter of credit between Iran and Russia, saying: “We have linked the correspondence network between the two countries, which means that the banks of the two countries no longer need to communicate through Switzerland. It is possible for the exporter to submit an invoice in riyals to the Russian side and receive the money from the Russian banks.” in Iran".
Karimi added: "Iranian businessmen will be able to conduct their economic transactions with Iraq and Afghanistan in riyals during the next six months." link
Tishwash: Iraq surpasses Saudi Arabia in oil exports to America
The US Energy Information Administration announced on Sunday that Iraq’s oil exports to America decreased during the past week.
The administration said in a table seen by Shafaq News Agency, “The average US imports of crude oil during the past week from nine major countries amounted to 5.909 million barrels per day, an increase of 1.37 million barrels per day compared to the previous week, which amounted to 4.872 million barrels per day.”
She added, "Iraq's oil exports to America amounted to 239,000 barrels per day last week, down by 141,000 barrels per day from the previous week, which averaged 380,000 barrels per day."
She pointed out that "most of America's oil revenues during the past week came from Canada at an average of 3,796 million barrels per day, followed by Mexico with an average of 952 million barrels per day, and oil revenues from Brazil amounted to an average of 305 thousand barrels per day, and then Libya at an average of 171 thousand barrels per day."
According to the administration, “the amount of American imports of crude oil, from Saudi Arabia, is at a rate of 139,000 barrels per day, from Colombia, at a rate of 129,000 barrels per day, from Nigeria, at a rate of 95,000 barrels per day, and from Ecuador, at a rate of 83,000 barrels per day, while no quantity of oil was imported.” Russia". link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The Central Bank of Iraq is giving out instructions for what they're doing and how they're doing it...I think you should be pretty excited because I know I am...
Frank26 Question: "Are you looking for any major announcements from the CBI next week?" When you say major announcement obviously that's trying to entrap me. I'm looking for an announcement every freaking morning that I wake up...
MARKETS A LOOK AHEAD: What Are YOUR CHANCES Of Surviving What's Coming? IMPORTANT UPDATES.
Greg Mannarino: 1-7-2024
Things Just Went From Bad To Worse, It's Shocking How Bad This Is
Atlantis Report: 1-7-2024
In the unfolding narrative of America's economic landscape, the situation has taken a distressing turn, progressing from bad to worse in ways that have left many stunned. As we delve into the intricacies of this disconcerting scenario, a cascade of alarming developments reveals a nation grappling with financial hardships, social unrest, and a deepening sense of economic precarity. Things just went from bad to worse, and it's shocking how bad this is.
The Global Financial Reset and America’s Debt Insolvency: Awake-In-3D
The Global Financial Reset and America’s Debt Insolvency
On January 6, 2024 By Awake-In-3D
In RV/GCR, Fiat Debt System Collapse
In the unfolding tragedy of America’s debt-based financial turmoil, the escalating national debt, surpassing $34 trillion on December 29th (2023), serves as a compelling precursor to the imminent Global Financial Reset (GFR).
As the U.S. hurtles towards insolvency, the RV/GCR thesis gains further validation, emphasizing the necessity of a new financial system grounded in tangible assets like gold, oil, and energy.
The real issue lies in a government spending problem, not a revenue shortfall. This echoes the core argument of the Global Currency Reset (GCR) thesis — the need for a fundamental reset of financial structures.
Alarming Debt Trends and the Global Financial Reset
The current national debt, soaring to nearly 100% of the Gross Domestic Product (GDP), echoes the key tenets of the Great Global Fiat Debt Currency System Experiment reaching its logical conclusion.
The trajectory projecting a staggering 125%% debt-to-GDP ratio by 2030 reinforces the urgency for a paradigm shift, aligning with the principles of the impending Global Financial Reset.
Unprecedented government spending increased the national Debt to GDP ratio to surpass the record level seen during WW2. Source: Statista
Autopilot to a Financial Shift
The autopilot nature of the U.S. government’s spending trajectory, particularly the surge in mandatory spending to 71% of federal outlays, underscores the inherent flaws of the fiat financial system.
In the context of the RV/GCR narrative, this dysfunctional trajectory reinforces the need for a reset anchored in hard assets, disentangling from the unsustainable debt load inherent in the current fiat system.
Government Spending Problem: A Catalyst for a Global Financial Reset
While Washington grapples with the consequences of skyrocketing deficits, the real issue lies in a spending problem, not a revenue shortfall. This echoes the core argument of the Global Currency Reset (GCR) thesis — the need for a fundamental reset of financial structures.
The distraction caused by out-of-control discretionary spending veils the imperative to address mandatory spending reduction and align the nation’s fiscal policies with the “sound money” principles of the impending GFR.
Tackling the Third Rail with Global Implications
Confronting the sacred cows of American politics, namely Social Security and Medicare, is not just a domestic policy challenge but a global economic necessity.
The accusations of economic catastrophe from many lawmakers reflect the entrenched resistance to systemic spending change, hindering the transition towards our envisioned global financial and currency reset infrastructure.
The Global Time Bomb
As the U.S. approaches fiscal calamity, the imperative for the Global Financial Reset becomes clearer.
Social Security and Medicare’s trust funds on borrowed time serve as a global time bomb, demanding urgent intervention not just for America but for the health and prosperity of the international financial system itself.
The deafening political posturing obscures the fact that the impending explosion of this global time bomb could be the catalyst for the transformative shift envisioned in our RV/GCR outlook.
The clock is ticking, and the urgency for a Global Financial Reset has never been more evident.
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
https://ai3d.blog/the-global-financial-reset-and-americas-debt-insolvency/
"Tidbits From TNT" Sunday 1-7-2024
TNT:
Tishwash: "Unprecedented"... Trade announces the opening date of the Baghdad International Fair
The Ministry of Commerce has set the opening date for the Baghdad International Fair in its new session.
The Ministry's Director General of Follow-up and Planning, Talib Hassan Nimah, said in a press statement, "Next Wednesday, the activities of the 47th Baghdad International Fair will begin with the participation of 20 countries and 800 local, Arab and foreign companies."
He stated, “The General Company for Exhibitions and Commercial Services in the Ministry is preparing to open the work of the 47th Baghdad International Fair next Wednesday, corresponding to the 10th of this month, for a period of ten days, including the exhibition, which will be under the slogan (Iraq Continues), the largest economic event that differs from previous exhibitions.” “His preparations began early in order for him to emerge in his splendid form.”
TNT:
Tishwash: "Unprecedented"... Trade announces the opening date of the Baghdad International Fair
The Ministry of Commerce has set the opening date for the Baghdad International Fair in its new session.
The Ministry's Director General of Follow-up and Planning, Talib Hassan Nimah, said in a press statement, "Next Wednesday, the activities of the 47th Baghdad International Fair will begin with the participation of 20 countries and 800 local, Arab and foreign companies."
He stated, “The General Company for Exhibitions and Commercial Services in the Ministry is preparing to open the work of the 47th Baghdad International Fair next Wednesday, corresponding to the 10th of this month, for a period of ten days, including the exhibition, which will be under the slogan (Iraq Continues), the largest economic event that differs from previous exhibitions.” “His preparations began early in order for him to emerge in his splendid form.”
He stated that the participation of countries in the exhibition increased from 13 during 2023, to 20 for the current year, and the largest currently is the Kingdom of Saudi Arabia in terms of the number of its companies, which amounts to 140, in addition to the participation of foreign countries such as Germany, Japan, Spain, Turkey, Iran and India, in addition to Arab countries such as the Emirates, the Sultanate of Oman and Egypt.
Syria, in addition to the participation of the Czech Republic and Azerbaijan, is the first in the exhibition, limiting the number of participating local, Arab and foreign companies to 800, including 509 within the pavilions of the participating countries.
Nimah pointed out that the exhibition will organize, during its activities, artistic and cultural folklore events that embody the civilization of Mesopotamia, which will constitute an attraction point for foreign investors, and increase the frequency of contracting companies between the Iraqi and international private sectors, in a way that is compatible with the reconstruction and construction campaigns in the country, and contributes to achieving a partnership to support the economy. Because the country has advantages for industrial and agricultural investment in various aspects. link
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CandyKisses: In the new year Iraq maintains its rank from global gold reserves
Shafaq News / The World Gold Council announced on Sunday that Iraq has maintained its 30th rank in the world with the largest reserve of the yellow metal.
The latest table of the Council, especially this January, seen by Shafaq News, showed that Iraq maintained its ranking of 30th globally out of 100 countries listed in the table with the largest gold reserves, with its gold hold hold to 132.7 tons, representing 7.7% of the rest of its other reserves.
The table shows that Iraq came in fourth in Arab place after Saudi Arabia, which came first in the Arab with the largest gold reserves, reaching 323.1 tons, followed by Lebanon with 286.8 tons, followed by Algeria with 173.6 tons.
He pointed out that the United States of America is on the throne of the rest of the countries with the largest gold possession in the world at 8.133.5 thousand tons, followed by Germany 3.352.6 thousand tons, and then Italy came 2.451.8 thousand tons, while Bosnia and Herzegovina ranked 99th with 1.5 thousand tons, followed by Suriname with the same amount of 1.5 thousand tons.
The Council stated that on June 27, 2022, Iraq announced the purchase of new quantities of gold by approximately (34) tons, with an increase of 35% over what it had in possession, while it was announced in May that it had purchased 2.3 tons of gold.
The British-based World Gold Council has extensive experience and deep knowledge of the factors causing market changes and its members are made up of the world's largest and most advanced gold mining companies.
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CandyKisses: Supported by Iraq and two African countries. OPEC oil production rises by 70,000 barrels per day
Economy News - Baghdad
OPEC's oil production has become the focus of global markets after the month of December 2023 witnessed strong events, including the announcement by 8 countries of additional voluntary production cuts along with Angola's withdrawal.
It seems that last month's production escaped the repercussions of the aforementioned events, as it received a production increase estimated at about 70,000 barrels per day, compared to the previous November, supported by additional performance from 3 countries, according to information published by the specialized energy platform.
Seven countries – Saudi Arabia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman – announced a voluntary reduction in their production during the first quarter of this year until the end of March, while Russia adopted a reduction in crude and derivatives exports of 500,000 barrels per day during the same period.
OPEC oil production in December
OPEC countries produced up to 27.88 million barrels per day during the month of December, according to ship shipping and tracking data, quoted by Reuters in a survey conducted and announced its results on Friday, January 5, 2024.
According to the results of the survey, December production reveals an increase of 70,000 barrels per day, compared to the previous month, but OPEC's oil production during the monitored month fell by more than one million barrels per day during the same month of 2022.
The majority of the increase came from Iraq, Angola and Nigeria, with the former and the latter contributing about 60,000 barrels per day, while the latter stepped up crude exports, given that the Dangote refinery, which is important for the refining sector, has not yet begun operations.
Production rates in December are higher than the previous month (November 2023), which saw a decline for the first time since July by about 90,000 barrels per day.
Markets are awaiting the release of OPEC oil production data for January, following Angola's withdrawal from the organization and measuring the impact of the voluntary reduction of the 8 countries on production volumes and price levels.
OPEC Production Policy
Analysts believe that OPEC's oil production is affected by the organization's policy, as it pledged at its last meeting (end of November 2023) to work to ensure market stability and balance.
Although no new additional production cuts have been adopted, a number of member states have decided to introduce voluntary cuts in the first quarter of this year.
For example, Saudi Arabia extended its reduction of about one million barrels per day since July 2023, and expressed its desire to continue it until the end of March 2024.
This comes without counting the voluntary reduction announced by Riyadh (during the period from April 2023 until the end of December 2024), which amounted to 500,000 barrels, so that the Kingdom's production during this period stabilized at 9 million barrels per day.
A dispute over the production quotas of African countries caused Angola to announce in December 2023 its withdrawal from the organization, after it was unable - along with Nigeria - to meet their goals, while the organization later issued a clarification confirming the unity and cohesion of the oil market.
* Outlook 2024
The editorial advisor of the specialized energy platform, energy economics expert, Dr. Anas Al-Hajji, said that the oil market in 2024 will witness a "difficult" year, expecting OPEC+ countries to maintain their announced reductions on production throughout the year.
He confirmed during one of the episodes of the "Energy Forgets" program on the "X" platform in December 2023, that expectations of oil prices breaking the barrier of $ 90 per barrel during the fourth quarter of last year were - contrary to the expectations of the majority of analysts - is unlikely, due to the decline in economic growth rates, especially from China, as well as OPEC's announced voluntary cuts.
Oil prices at the beginning of 2024 seem to have been in line with Hajji's vision, as they witnessed a "temporary" rise at $80 a barrel before stabilizing at $76 per barrel on the first day of the year.
Analysts polled by the specialized energy platform linked the OPEC+ alliance's approval of an additional cut to the stability of oil prices between $80 and $85 a barrel, or slightly lower.
It is noteworthy that the total voluntary reduction announced by the coalition countries, at the end of November 2023, is 2.193 million barrels per day.
Mot: .... Sooooooooooooooo True!!!! --- boo hoo
Mot: ...... Finally!!! -- Gets the Car dug out!!!
News, Rumors and Opinions Sunday Morning 1-7-2024
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 Sun. 7 Jan. 2024
Compiled Sun. 7 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. evening 6 Jan. Charlie Ward: Intel for you Wolvie! The whole world is going asset backed on Wed. 10 Jan, all 210 countries. In America43 states are asset-backed, with 7 to go. Europe is gold backed already, including the UK. This is different to being a part of BRICS on a different operating system “QFS.”
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 Sun. 7 Jan. 2024
Compiled Sun. 7 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. evening 6 Jan. Charlie Ward: Intel for you Wolvie! The whole world is going asset backed on Wed. 10 Jan, all 210 countries. In America43 states are asset-backed, with 7 to go. Europe is gold backed already, including the UK. This is different to being a part of BRICS on a different operating system “QFS.”
Sat. 6 Jan. question from Wolverine to Isaac: Are you optimistic for you call on Tuesday?
Issac: Yes I am. Last thing they told me is we are close for advances on German Bonds. We will have a QFS Account you will manage all from there. It is like an account in a cloud and only you have the codes to move and do whatever you want. I can tell you that in several banks in Europe, private ones, the big Whales will put the money and amazing things will happen there. After German Bonds comes Dragon Bonds and then come the others: first Tier 3, then Tier4a, then Tier4b (Us, the Internet Group).
Global Financial Crisis:
BRICS to eliminate US Inc. Fiat Dollar Financial System in 2024: https://twitter.com/BRICSinfo/status/1743657170296553501?t=KG3uPChS6gu1xASUfc6L_g&s=19
Mortgage demand plummets again despite drop in interest rates.
Putin Eyes Larger Role in International Monetary System: https://watcher.guru/news/brics-putin-eyes-larger-role-in-international-monetary-system
Read full post here: https://dinarchronicles.com/2024/01/07/restored-republic-via-a-gcr-update-as-of-january-7-2024/
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WOLVERINE CHAT NOTES FROM 1/6/2024
Guys, get ready for greatest transfer of wealth on the planet. everything is as I received yesterday. everything is better and better. We are waiting for the start of the new week.
Waiting for dinar to go international, which may be just about now. Bonds looking beautiful. there are some whales that got paid, I know I was on the live call when that happened.
Incredible news again. get ready . I have absolutely faith in God, I am convinced, more than ever now, than things will start at the beginning of this new week.
Lets pray that this news does not change course. If something of value comes through, I will let you know. Wolverine **
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick Just because you didn't see it...hear it...read it...doesn't mean it hasn't happened or in the process of happening.
Bruce [via WiserNow] Now we're getting a couple of different things from three different Intel sources. Two of them are pretty much lining up with this can go any time between now and Monday...our final source that we heard from...was saying that...all releases Start this weekend...I think that's good news. And these are pretty top sources too that’s giving this information...
Militia Man They've totally said they're going to cease using multi currencies. You go to the grocery store, you pay your bills inside the country you're going to be doing it in dinar. You're not going to be using the dollar. You're not going to use the yuan, yen or any of those things. You're going to be using one currency...
Janet Yellen Declares U.S. Economy HAS ACHIEVED SOFT LANDING, Americans Are Financially Secure
Lena Petrova: 1-7-2024
The Great Reset: Can Gold Save the US Economy? - John MacGregor, Andy Schectman
1-7-2024
In this episode, host John MacGregor interviews Andy Schectman, a seasoned expert in precious metals and the economy.
Andy discusses the dire state of the national debt, the persistence of inflation, and the Federal Reserve's policies. He also explores the emerging BRICS alliance's efforts to create a gold-backed currency, potentially challenging the US dollar's reserve status.
Schectman advises listeners on the importance of diversifying assets, particularly into precious metals, and the historical reliability of gold and silver as wealth stores
Goldilocks' Comments and Global Economic News Saturday Evening 1-6-24
Goldilocks' Comments and Global Economic News Saturday Evening 1-6-24
Good Evening Dinar Recaps,
Europe’s Payment System’s Big Bang: Inside the ISO 20022 Migration
Rolling out a new common language for global payment data is no small feat. However, the transition is gathering momentum, with one domestic payment system after another converting to ISO 20022 (a standard for financial-information interchange between financial institutions developed by ISO, the International Organization for Standardization) over the past two years, including in countries such as Singapore.
This year, it was Europe’s turn, with all three of its payment systems—Eurosystem’s TARGET2, EBA Clearing’s EURO1 and Swift’s (or SWIFT’s, Society for Worldwide Interbank Financial Telecommunication’s) CBPR+ (cross-border payments and reporting plus)—opting to migrate in March in what the industry termed a “big bang” approach.
👆 Goldilocks pointed to this article
Goldilocks' Comments and Global Economic News Saturday Evening 1-6-24
Good Evening Dinar Recaps,
Europe’s Payment System’s Big Bang: Inside the ISO 20022 Migration
Rolling out a new common language for global payment data is no small feat. However, the transition is gathering momentum, with one domestic payment system after another converting to ISO 20022 (a standard for financial-information interchange between financial institutions developed by ISO, the International Organization for Standardization) over the past two years, including in countries such as Singapore.
This year, it was Europe’s turn, with all three of its payment systems—Eurosystem’s TARGET2, EBA Clearing’s EURO1 and Swift’s (or SWIFT’s, Society for Worldwide Interbank Financial Telecommunication’s) CBPR+ (cross-border payments and reporting plus)—opting to migrate in March in what the industry termed a “big bang” approach. International Banker Link
👆 Goldilocks pointed to this article
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Introducing a new Copilot key for Windows 11 PCs
Microsoft’s new Copilot key is the first big change to Windows keyboards in 30 years / Microsoft wants 2024 to be the year of the AI PC as it lines up bigger changes to Windows.
https://youtu.be/S1R08Qx6Fvs?feature=shared
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Gold Price Forecast – Prices are Correcting into an Intermediate Low as Expected FX Empire Link
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Why would a commodity-exporting country be happy to accept a currency that is rapidly losing value and can be easily frozen?
The train of economic thought today starts with floating currencies and ends with money printing.
This is not sustainable and is why resets happen. Twitter Link
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USD IQD Exchange Rate 1/5/2024 and What Deep Learning Says #iqd
https://youtube.com/shorts/6OdU-N4Y_b4?feature=shared
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Lots of topics will be covered on different calls.
Saturday Night Live Calls Link Freedom Fighter, Q3 Proud and Jester
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Q & A Rooms will be open on the day of the call for you to post questions for the host.
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➡Seeds of Wisdom Team© Website
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Morgan Stanley just downgraded the worth of the dollar. More on this tomorrow.
© Goldilocks
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