News, Rumors and Opinions Sunday Morning 1-14-2024
KTFA:
Clare: Liberating the dinar from the official rate... Obstacles and solutions
1/13/2024
With the return of fluctuations in the dinar exchange rates, there is renewed talk about the necessity of getting rid of the “official price” with the aim of reducing the difference with the price in the parallel market, by subjecting the local currency to global supply and demand, similar to other countries
But many obstacles stand in the way of this step, among them “ The unilateralism of the Iraqi economy, which relies on oil and government revenues, and the absence of correspondent banks in the dinar currency, according to specialists, also called for taking other possible solutions, such as “deleting the zeros” from the currency, and withdrawing the cash mass from citizens and transferring it to banks.
KTFA:
Clare: Liberating the dinar from the official rate... Obstacles and solutions
1/13/2024
With the return of fluctuations in the dinar exchange rates, there is renewed talk about the necessity of getting rid of the “official price” with the aim of reducing the difference with the price in the parallel market, by subjecting the local currency to global supply and demand, similar to other countries
But many obstacles stand in the way of this step, among them “ The unilateralism of the Iraqi economy, which relies on oil and government revenues, and the absence of correspondent banks in the dinar currency, according to specialists, also called for taking other possible solutions, such as “deleting the zeros” from the currency, and withdrawing the cash mass from citizens and transferring it to banks.
Mazhar Muhammad Salih, financial advisor to the Prime Minister, says, “The Iraqi dinar’s exchange rate follows a system of fixed exchange rates, and that the process of approving the exchange rate is one of the monetary policy tasks of the Central Bank of Iraq as it is the independent body, especially since Iraq depends primarily on oil sources that provide... Foreign currency, and therefore oil revenues are transferred to the Central Bank of Iraq, and reserves follow the exchange mechanism between the dinar and the dollar, given that the Central Bank is the source of exchange between them.”
The dollar exchange rates in the local market witnessed great fluctuation during the past days, as it suddenly decreased to 148 thousand dinars per 100 dollars, and quickly rose again to 150 thousand dinars, and then continued to fluctuate until it reached 154 thousand dinars per 100 dollars, after its price was approaching... About 157 thousand dinars.
Saleh adds, “The balance and stability of the price in flexible exchange systems requires a financial and banking market, in which interest rates play a major role in the inflows and outflows of foreign currency, and this is something that is not available in Iraq, and the mono-economy is dependent on the inflows of foreign currency.” On government oil revenues, and here the forces of supply and demand are inconsistent with the unilateralism of the economy.”
He continues, "The economy is sometimes exposed to a large deficit in the current account and the balance of payments, and the general budget is also exposed to a deficit. Here loans are resorted to and governments are forced to reduce the national currency until foreign currency becomes expensive. This is called financing from inflation, and despite the fact that This conflicts with the policy of the Central Bank, but is done in consultation with monetary and fiscal policies.”
He points out that “the function of the central bank in general is to maintain the exchange rate and its stability for a long period, but this relates to the nature of the current account and the balance of payments, and whether there is a surplus or a long-term or stable deficit, as well as the nature of the budget, is it expansionary or contractionary, so the The issue is not easy, as all we need in the exchange rate is a circle of consultation and communication between monetary and financial policies to maintain its stability.”
It is noteworthy that since the beginning of the exchange rate crisis more than two years ago, many options have been put forward to control it, including printing new denominations of cash, including 100 thousand dinars, or deleting three zeros to control the rise in the value of numbers in monetary transactions.
Since the 1990s, and during the imposition of the economic blockade on it, Iraq has suffered from significant inflation in the currency, which prompted the previous regime to go to print the currency locally, and after the year 2003, the previous currency was destroyed and new denominations were issued, and its exchange rate against the dollar was fixed, by decree. From the civil governor of Iraq at the time, Paul Bremer, who revealed the shape of the new currency and its exchange rate against the dollar.
For his part, economic expert Nasser Al-Kinani explains, “With regard to the fluctuation of the dinar, the central bank was selling the dinar for 1,118 per dollar, and then it changed since the arrival of former Prime Minister Mustafa Al-Kadhimi to power and the appearance of the white paper, as its price rose and became 1,450 dinars, in addition to This caused the Iraqi dinar to rise until it currently reached 1,530 dinars per dollar in the local market, but despite this, solutions can be developed for this problem.”
He explains that "the solutions revolve around reprinting the currency again and zeroing it, especially if the printing process is accompanied by the process of retrieving the money stored inside homes to the banks. Hence, it is possible to stabilize the Iraqi dinar by giving the banks a percentage for each citizen who owns an account or opens an account within the bank, for example, 10 percent, which would be 10 percent." As a deposit for the citizen inside the bank.”
He continues, "The above steps will lead to solving the import issue that the government is suffering from now, and it is trying to control it to limit the smuggling process. Stabilizing the currency and revitalizing local industry and agriculture will, in general, lead to solving all economic and currency problems."
According to the Central Bank of Iraq website, Iraq includes 80 operating banks, including 62 local banks and 18 banks that are branches of foreign banks.
It is noteworthy that the Iraqi banking sector is neglected by citizens who have lost confidence in it, and according to World Bank figures issued last year, only 23 percent of Iraqi families have an account in a financial institution, which is a percentage among the lowest in the Arab world, especially since the owners of those Accountants are state employees whose salaries are distributed to public banks at the end of each month, but these salaries also do not remain in the accounts for long, as queues quickly form in front of banks from employees who withdraw their salaries in cash and prefer to keep them at home.
For his part, financial and economic expert Mustafa Akram Hantoush explains, “The local Iraqi currency is printed by the state and gives its value in exchange for other currencies or gold, that is, currencies or metals in the global supply and demand market.”
Hantoush points out, “The currencies that are exposed to the supply and demand market are currencies that have countries that have correspondent banks for their currencies, for example the dollar. There are banks that correspond in dollars so that the whole world receives and trades them, and therefore such a currency is considered a flexible currency with variable prices.”
He continues, "The Iraqi dinar had correspondent banks in a global currency that was dealt with in the field of global trade, and here the demand for it will become higher and the value of the dinar will rise. However, Iraq as a country does not currently have correspondent banks, so the national currency it owns is a local currency and is not subject to supply and demand." Global, as it is a currency issued for other currencies, and the process in it is fixed and does not rise to be a global process.”
It is noteworthy that Washington entered into the crisis of dollar smuggling last year, and Iraq was subjected to the global SWIFT system, which created a gap between the parallel and official market, and increased the loss of confidence in Iraqi banks, as dozens were subjected to American and Iraqi sanctions without processing depositors’ funds, in addition to the involvement of... Most banks are currently engaged in smuggling operations, according to what the US Treasury Department confirmed.
Source: New World newspaper LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Bruce [via WiserNow] ...What we're finding now is that some of the sources that we've had have...clammed up – they’re under new NDAs they've got gag orders...we don’t get as much intel as we'd like...That's the bad side...The good side is...It shows that we're so close to this going because they don't want certain leaks to come out of certain portions of this exchange procedure and everything...they just want to have it quiet. That's a good sign...
Samson Article: "More than 800 companies at the Baghdad International Fair...an active Japanese presence and solid international companies enhancing their presence in the local market"
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This Major Economy’s Collapse CONFIRMS Our Greatest Fear
Sean Foo: 1-13-2024
The greatest threat isn't an economic recession, but endless inflation. With Germany crashing for 6 months in a row and other major economies are starting to signal a big crash in global demand.
Because the huge national debt burden of the G7, especially the US, central banks will be forced to do the unthinkable and inflate the mess away. Here's what you must know!
Timestamps & Chapters:
0:00 The Big Crash Just Got Worse
2:52 Europe's Weak Economy
5:33 Global Demand Is Collapsing
9:02 America's Deficit & Debt Trap
11:56 A New Inflation Disaster
Goldilocks' Comments and Global Economic News Saturday Evening 1-13-24
Goldilocks' Comments and Global Economic News Saturday Evening 1-13-24
Good Evening Dinar Recaps,
For the first time in 45 years, US Treasuries have more of a downturn volatility risk potential than gold. This is why we are moving to Basel 3 compliance in our banking system.
Monetary gold now qualifies as a Tier 1 asset, and it is 100% valued for the purposes of bringing stability to the banking system.
On January the 16th, 2024 we move to the final rule stage of Basel 3 compliance in our banking system. At this time, final guidance will be given on Capital requirements held in the banking system in terms of gold and other assets to support it.
Gold will set us free.
© Goldilocks
Goldilocks' Comments and Global Economic News Saturday Evening 1-13-24
Good Evening Dinar Recaps,
For the first time in 45 years, US Treasuries have more of a downturn volatility risk potential than gold. This is why we are moving to Basel 3 compliance in our banking system.
Monetary gold now qualifies as a Tier 1 asset, and it is 100% valued for the purposes of bringing stability to the banking system.
On January the 16th, 2024 we move to the final rule stage of Basel 3 compliance in our banking system. At this time, final guidance will be given on Capital requirements held in the banking system in terms of gold and other assets to support it. The New Tier 1 Asset? PinnacleDigest Link
Gold will set us free.
© Goldilocks
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Bitcoin is a convertible virtual currency. This is why we witnessed gold beginning to track Bitcoin on the first day of its introduction (ETF) onto the markets.
Gold tracks currency. Be it cryptocurrency or paper currency, gold will support them as an underlying asset. In the new economy, tokenized assets are supported by gold and other commodities. This will give us a stabilizing effect capable of deflating and inflating the economy through gold.
Back to currencies and cryptocurrencies, we are about to witness more tokenized assets and ETFs come on board with the new digital asset-based trading system. Some of these new assets will be Stablecoins.
Stablecoins are representations of our paper currencies and digital values inside the new payment systems we will be utilizing. Yes, they will be tracked and supported by gold giving them a stronger value.
Gold serves as a hedge for declining currencies and issues with inflation. When Stablecoins begin to make their way into this new Digital Market, it will be important to keep our eyes on their relevance to our paper currencies. Gold as a strategic asset - Reuters
© Goldilocks
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The ERC-7265 token standard proposes adding a “circuit breaker” mechanism to DeFi protocols to stop the transfer of Ethereum-based tokens in the event of a hack. CoinDesk Link
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FED LEAK: This Is a GAMECHANGER for Gold & Silver - Andy Schectman
https://www.youtube.com/watch?v=YNOH_QETImc
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Government shutdown looms as lawmakers battle over immigration - FOX19 Link
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New ETF Banking Announcement:
JPMorgan Active Bond ETF (JBND) is expected to begin trading in February.
J.P. Morgan Asset Management today announced its intent to transfer the exchange listing the JPMorgan Active Bond ETF (NYSE: JBND) to the New York Stock Exchange (NYSE) from NYSE Arca, effective January 30, 2024.
J.P. Morgan Asset Management to Transfer JPMorgan Active Bond ETF (JBND) to NYSE from NYSE Arca PR Newswire
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Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine Crypto News
The Expertise Advisory Committee of the US Commodity Futures Trading Commission(CFTC) has taken a big step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the federal government and trade to prioritize understanding and regulating the sector.
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Top 10 Artificial Intelligence Technologies In 2024 | AI Tools
Artificial Intelligence is the simulation of the pretense of human intelligence processes by machines, particularly computer systems. Though the term Artificial Intelligence has been around for more than 50 years, it was 20 years before the world began to understand its massive potential. Artificial intelligence has various applications like Simulation, Natural Language Processing, Speech Recognition, and Robotics.
There has been a constant development in the Artificial Intelligence field, and the growth is aggressive. Today, Artificial Intelligence is everywhere. So, learning about Artificial Intelligence technologies will help you stay up-to-date. This Artificial Intelligence technologies blog will explore some famous technologies like Natural Language Processing, Robotic Process Automation, etc.
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Last November the BIS Innovation Hub revealed it was planning a project with the Swiss National Bank and the World Bank to tokenize promissory notes. Yesterday it provided a few details, including the project’s name, Promissa, and a target deadline of early 2025 for completing the proof of concept.
The IMF will participate as an observer.
Today promissory notes are largely paper-based, but the objective isn’t purely to digitize them. Using a distributed ledger will create a single source of truth and provide an overview for all parties. So countries that make financial commitments to the World Bank, the IMF and potentially other institutions can see all their outstanding promissory note commitments in one place. And the World Bank can also have a single view of all the promissory notes.
BIS, World Bank, Swiss National Bank to Tokenize Promissory Notes - Ledger Insights 1
BIS, World Bank explore tokenizing promissory notes for development funds - Ledger Insights 2
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SOUND 2024 OUTLOOK FOR GLOBAL BANKING, BUT KEY DOWNSIDE RISKS LIKELY TO PERSIST - International Banker
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Creation of minerals “Super Region” could make Africa, Middle East and South Asia global leaders in energy transition | African Mining Market
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Saudi Arabia signs mining deals with four nations - Mining Technology
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#JimWillie : #Gold Is Replacing Treasuries As Store of Value NOW
https://youtube.com/shorts/Zl7lDMc0rf4?feature=shared
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More News, Rumors and Opinions Saturday PM 1-13-2024
KTFA:
Henig: Vietnam
Banks in race to boost charter capital
January 12, 2024 - 10:06
It is anticipated that there will be significant changes in the scale of the banking sector's charter capital this year.
HÀ NỘI — It is anticipated that there will be significant changes in the scale of the banking sector's charter capital this year as several joint-stock commercial banks have announced their plans to raise capital.
In a recently issued official dispatch, the State Bank of Vietnam (SBV) has granted approval to a number of banks to increase their charter capital through various methods, such as issuing shares for dividend distribution, conducting private placements and issuing shares to foreign strategic investors.
KTFA:
Henig: Vietnam
Banks in race to boost charter capital
January 12, 2024 - 10:06
It is anticipated that there will be significant changes in the scale of the banking sector's charter capital this year.
HÀ NỘI — It is anticipated that there will be significant changes in the scale of the banking sector's charter capital this year as several joint-stock commercial banks have announced their plans to raise capital.
In a recently issued official dispatch, the State Bank of Vietnam (SBV) has granted approval to a number of banks to increase their charter capital through various methods, such as issuing shares for dividend distribution, conducting private placements and issuing shares to foreign strategic investors.
The banks include Liên Việt Post Joint Stock Commercial Bank (LPBank), National Citizen Commercial Joint Stock Bank (NCB) and SaigonBank.
NCB on January 2 said that the SBV allowed it to increase its charter capital to over VNĐ11.8 trillion (US$484.5 million). The lender will issue 620 million shares at VNĐ10,000 per share, bringing its charter capital from VNĐ5.6 trillion to VNĐ11.8 trillion.
The increase is to supplement capital for business activities and strengthen the bank's financial capacity.
The plan will be implemented after being approved by the State Securities Commission (SSC), expected in the second quarter of 2024. The transfer of these shares is restricted within one year from the date of completing the offering.
Similarly, LPBank was approved to increase its charter capital from nearly VNĐ20.6 trillion to VNĐ25.6 trillion.
Previously, the bank had already been granted permission to raise its charter capital by a maximum of nearly VNĐ11.4 trillion, as approved at the 2023 Annual General Meeting of Shareholders. Accordingly, it released over 328.5 million shares for dividend distribution at a rate of 19 per cent and also issued additional shares to existing shareholders with a total value of VNĐ5 trillion.
With the increased charter capital, LPBank continues to rank among the top private joint-stock commercial banks with the largest charter capital in the banking system.
In late December 2023, SaigonBank also obtained approval to raise its charter capital by up to VNĐ308 billion through a share issuance aimed at paying dividends to existing shareholders.
The bank's representative said that the increase in charter capital is essential for SaigonBank to enhance its financial strength and embrace technological advancements in line with industry trends.
On January 12, BacABank will finalise the list of shareholders receiving 2022's share dividends.
In particular, BacABank plans to issue more than 62.5 million shares to pay dividends at a rate of 7.5 per cent, meaning a shareholder owning 1,000 shares will receive 75 new shares. The number of fractional shares (if any) will be distributed to the bank union.
Charter capital plays a crucial role in measuring the Capital Adequacy Ratio (CAR) and determining the credit ratings of financial institutions. The CAR ratio is computed in accordance with Circular No. 41, which adopts internationally recognised Basel II standards and sets a minimum requirement of 8 per cent.
However, experts noted that despite the continuous plans of banks to increase their capital, especially in the fourth quarter of 2023, with numerous banks actively completing the necessary procedures to distribute shares to increase charter capital and provide additional resources, the Vietnamese banking system still faces capital constraints, with a significantly lower Capital Adequacy Ratio (CAR) compared to many other countries in the region.
In particular, several countries in the region have already implemented or partially adopted Basel III.
According to the latest data released by the SBV, as of May 2023, the total charter capital of the entire credit institution system reached more than VNĐ888.8 trillion, up 1.35 per cent from the end of 2022. — VNS LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The Port of Faw is going be absolutely insane when it comes to...global expansion...How much revenue streams are going to go through? From the Silk Road...development road in to Europe...This is really exciting stuff...Why would all this be happening if Iraqis use going to be at this punishment rate of 1310 to the dollar? Why would Al-Sudani be going to Davos trying to explain how his country is going to be the savior of the Global Financial System?
Frank26 Question: "Is the US government placing a hold on the currency revaluation to keep people from becoming wealthy?" No, our government has nothing to do with the monetary reform of the Central Bank of Iraq...We did everything possible to make them modern and they are. But can we tell them, Okay go ahead do it now? No. It is strictly their prerogative.
J.Powell's Politics In 2024: U.S. Inflation Rises To 3.4% As Federal Reserve Plans Rate Cuts
Lena Petrova: 1-13-2024
"Tidbits From TNT" Saturday 1-13-2024
TNT:
CandyKisses: Sudani and Barzani discuss resolving files and issues between the government and the region in accordance with the constitution
{Politicy: Al-Furat News} Prime Minister Mohammed Shia Al-Sudani received today, Saturday, the President of the Kurdistan Region of Iraq, Nechirvan Barzani and his accompanying delegation, while the two sides discussed mechanisms to further resolve files and issues between the government and the region in accordance with the Constitution.
The Sudanese Media Office said in a statement received by {Al-Furat News}, that "the meeting witnessed the discussion of all issues and files at the national level, the latest security and political developments in the region, and the emphasis on Iraq's firm and principled positions on the challenges facing the sustainability of stability, and the absolute concern for the sovereignty of Iraq under various circumstances."
TNT:
CandyKisses: Sudani and Barzani discuss resolving files and issues between the government and the region in accordance with the constitution
{Politicy: Al-Furat News} Prime Minister Mohammed Shia Al-Sudani received today, Saturday, the President of the Kurdistan Region of Iraq, Nechirvan Barzani and his accompanying delegation, while the two sides discussed mechanisms to further resolve files and issues between the government and the region in accordance with the Constitution.
The Sudanese Media Office said in a statement received by {Al-Furat News}, that "the meeting witnessed the discussion of all issues and files at the national level, the latest security and political developments in the region, and the emphasis on Iraq's firm and principled positions on the challenges facing the sustainability of stability, and the absolute concern for the sovereignty of Iraq under various circumstances."
During the meeting, they also discussed mechanisms to further resolve files and issues between the federal government and the regional government in accordance with the Constitution, in order to ensure that citizens in the governorates of the region are spared any harm or bear the consequences of the challenges in the administrative, financial and economic files.
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CandyKisses: Sudani: We have embarked on the path of radical reforms that touch long-term needs
Baghdad Today - Baghdad
The Prime Minister, Mohamed Shia Al-Sudani, confirmed on Saturday (January 13, 2024) that the government has followed the path of radical reforms and aimed to confront the waste of public money.
Al-Sudani said, while attending the memorial ceremony on the occasion of the anniversary of the martyrdom of Muhammad Baqir al-Hakim: "We are determined to walk the path of reconstruction and reform and to improve the standard of living and service."
He added: "We raise high the memory of the martyrs by preserving the security and stability achieved," stressing that "the experience of the Mujahideen and martyrs has taught us the importance of solidarity on fateful issues."
"The government has launched its program, which includes a vision for the future of a united, strong and independent Iraq," he said, adding: "We have taken the path of radical reforms and aimed to confront the waste of public money."
"We have set our sights on infrastructure in the economy, services, financial and banking infrastructure."
On the war on Palestine, the Prime Minister said: "We remember with pride the martyrs of the Palestinian people who are fighting the brutal killing machine," stressing that "a nation that does not respect its martyrs will not be secure tomorrow for the steps it has gained and the progress it has achieved."
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CandyKisses: Finance Discusses With Ernst & Young The Organization And Restructuring Of The Ministry’s Banks And Companies
Earth News/ Today, Friday, the Ministry of Finance discussed with the international auditing firm (Ernst & Young) the organization and restructuring of the ministry’s banks and companies.
A statement from the ministry, which was received by Earth News, stated, “Minister of Finance, Taif Sami Muhammad, chaired an expanded meeting with representatives of the international company Ernst & Young, which specializes in auditing and financial consulting, in the presence of the general directors of the Rafidain and Rasheed banks, the Agricultural, Industrial and Real Estate Bank, and the national and Iraqi insurance companies, in order to determine a work plan and proceed.” “With steps to merge and organize a number of the ministry’s institutions and restructure them in line with the objectives of the ministry’s financial and banking sector reform policy.”
He added, “The meeting discussed the draft submitted by Ernst & Young regarding the organization and restructuring of the Rafidain and Rasheed banks and the merger of the National and Iraqi Insurance companies, and discussed the proposed plan and implementation stages and determined the frameworks of the contract and drafted them in a manner consistent with the priorities of reform and development, as well as discussing the study submitted by the company and diagnosing Obstacles to transformation, financial and legal solutions and treatments that ensure the integrity of the merger and structuring process.”
The Minister of Finance explained that “the Ministry has a program to restructure government banks and is working on it in cooperation with the Central Bank of Iraq and the relevant international organizations,” adding that “the process of merging, structuring, and introducing modern financial technologies will push towards making Iraqi banks internationally and locally accepted and responsible for providing services to the system.” Government finance and individuals simultaneously, determining the roles of banks and subcommittees, and determining contract durations.”
Sami added, “The Ministry’s vision includes a comprehensive review and evaluation of the work of banks, and carrying out structural administrative reforms, which include providing a package of integrated banking services to citizens and companies and making them more consistent with the national economy that supports achieving sustainable economic development.”
The Minister of Finance stressed “the necessity of benefiting from the expertise of reputable international companies, which can play an effective and essential role due to their expertise and consultations in charting the correct path for the projects implemented by the Ministry in accordance with its financial policy that conforms to international standards and specifications.”
It is worth noting that Ernst & Young is considered one of the leading international companies, possessing extensive experience and achievements in this field to regulate the work of financial institutions, and has a solid professional history through its review of many central banks, commercial banks, and major companies in the region and the world.
Mot: .... Yeppers!!! fur Sures!!!
Mot: . Clever Earl!! ---- ooooops!!!!
News, Rumors and Opinions Saturday 1-13-2024
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 Sat. 13 Jan. 2024
Compiled Sat. 13 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Thurs. 11 Jan. MarkZ: There are great expectations of last minute changes to compliance over this weekend. The chatter is notifications early next week….There has been some incredible chatter, gossip and rumors today. Group contacts have erupted through the day. Will it happen? We don’t know yet. …Other contacts are saying the same thing …one contact has planted misinformation in the past ….so I’m not sure if its misinformation now or not. …But you are probably seeing it all over the boards already- the chatter is notifications early next week. Just cross your fingers and hope it’s accurate. I’m kinda excited but going to stay grounded.
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. 13 Jan. 2024
Compiled Sat. 13 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Thurs. 11 Jan. MarkZ: There are great expectations of last minute changes to compliance over this weekend. The chatter is notifications early next week….There has been some incredible chatter, gossip and rumors today. Group contacts have erupted through the day. Will it happen? We don’t know yet. …Other contacts are saying the same thing …one contact has planted misinformation in the past ….so I’m not sure if its misinformation now or not. …But you are probably seeing it all over the boards already- the chatter is notifications early next week. Just cross your fingers and hope it’s accurate. I’m kinda excited but going to stay grounded.
Thurs. 11 Jan. Wolverine: The Codes have been (Allegedly) locked in. I received a confirmation yesterday, but it was confidential. Carlos Petas actually put it in the telegram channel so I decided to place it in the room. The funds might get released tonight or may get released tomorrow, we just don’t know. Everything is ready to go. There is nothing more to do, we just have to sit back and wait for the Green Light. ANOTHER THING Medbeds are(Allegedly) ready. I spoke to someone, actually a few days ago, who is in charge of the Medbeds in Colombia. They are just waiting for the Green Light for this to happen. THERE ARE(Allegedly) 150 MEDBEDS IN COLOMBIA! This was confirmed by Charlie Ward as well. That is all I can tell you at the moment. …Wolverine.
Thurs. 11 Jan. Bruce: An Intel person said Tier4b (us, the Internet Group) would (allegedly) get notification to set appointments by Fri. 12 Jan, but that might not happen because the Whales have completed what they needed to do and expect to be notified of when they get access to their funds over this coming weekend. A major Paymaster said they were working over the next 48 hours to Sat. 13 Jan. to get a Mediator paid. Another source said Tier4b should (Allegedly) get notification to set appointments sometime between Friday 12 Jan. and Mon. 15 Jan. The R&R should happen in January and that will come out a week after the Tier4b start exchanges. Social Security increases should still happen in this month of January.
Thurs. 11 Jan. Wolverine: Yesterday morning Wed. 10 Jan, RC leaders, managers and banks throughout the United States (Allegedly) entered their access codes at the US Treasury and around 11:30 (noon) EST. Now they just need to be given the green light to proceed and send the emails to Tier 4b (us, the Internet group) to arrange our appointments. Some Bondholders have (Allegedly) received emails and some are still waiting for emails. I think most should have them tonight for access to accounts, obtain 10% of those funds, with access to the remaining 90% in 90 days.
Iraqi Prime Minister Al Sudani and the Governor of the Central Bank of Iraq Al Allaq would both be attending the World Economic Forum in Davos Switzerland for the annual meeting January 14th to 19th. “Everyone is expecting the RV on Sun. 14 Jan.” according to Sudani. The IMF, which is in charge of timing, said, “Anytime Friday to Sunday.”
Judy Note: Bond liquidity has to(Allegedly) happen first, which is going on right now.
Wolverine: People are traveling. I was on a call with a huge Whale who is going to Bogota for his blessing. We are definitely close. Notifications ARE (Allegedly) coming out for bond holders. Rumor is that the notifications for T4B have started going out.
Thurs. 11 Jan. 2024 US Congress Financial Services Subcommittee on Digital Currency: The Financial Services subcommittee has issued an official statement regarding digital economic adoption and Stable Coin payment implementation in the United States. It is increasingly clear as we have been stating in this room that the United States of America is embarking upon a new Digital asset-based Trading System supported by the Commodities Market. Our new tokenized assets going forward will be coordinated with new Basel 3 compliant Banking Protocols. A Gold Standard set of rules and regulations will begin to guide this process as further benchmarks are achieved to solidify this new Global Financial System.
Fri. 12 Jan. Vietnamese Dong: The State Bank of Vietnam has directed their Banks to strengthen anti-money laundering controls. https://www.regulationasia.com/vietnam-directs-banks-to-strengthen-aml-controls/
Fri. 12 Jan. Indonesia Financial Services Authority OJK Issues New Rules to Support Banking Digitalization. The new regulations aim to provide a level playing field and guidance for banks in developing digital services and assessing digital maturity. https://ojk.go.id/en/tentang-ojk/pages/tugas-dan-fungsi.aspx#:~:text=The%20Financial%20Services%20Authority%20(OJK,sustainable%20and%20stable%20manner%3B%20and
Global Financial Crisis:
US Budget soars by 50% under Biden, estimates a fiscal collapse: https://www.zerohedge.com/markets/us-budget-deficit-soars-50-crushing-estimates-fiscal-collapse-under-biden-accelerates
Thurs. 11 Jan. Barclays announce 20 more bank branch closures: https://twitter.com/GBNEWS/status/1745756903085363541?t=T7-68lyYp6FRx3CtnuEHaQ&s=19
On Wed. 17 Jan. was the Basel III endgame. Banks that are not Basel 3 compliant as of Tues. 23 Jan. would collapse. England & Israel will attack Boston when this flip happens. www.americanbanker.com/list/basel-iii-endgame-5-things-to-watch-in-2024
Tues. 23 Jan: It was rumored that JP Morgan would collapse on Tues. 23 Jan. when it is ruled not to be Basel III compliant (monies were not gold/asset-backed). JP Morgan was the creator of the Ethereum Digital Money (Home | ethereum.org) infrastructure and own the majority of international shipping.
Read full post here: https://dinarchronicles.com/2024/01/13/restored-republic-via-a-gcr-update-as-of-january-13-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Al-Alaq said he was going to delete the zeros/the project to delete the zeros off the exchange rate. What did Al-Sudani say? He said the dinar would be stronger than the dollar. What did Salih say? He said they were going to have a major announcement. We're going to see if all three of those guys are telling the truth or not. I have a feeling they are...
Bruce [via WiserNow] ...This time ...is really an interesting time for us. We are right in...the throes of the final days of this... what we're hearing from a major paymaster with Wells...that we should receive our notifications within the next four days... Friday, Saturday, Sunday, to Monday ...Now, they may take this to the very end...Let's see what happens for us Over the next four days
Back to 2010? Knapp's Economic Time Warp Prediction
Kitco News: 1-12-2024
Jeremy Szafron, Anchor at Kitco News, interviews renowned economic strategist Barry Knapp, Ironsides Macroeconomics, about the 2024 economic landscape.
Discover Knapp's expert predictions on Federal Reserve policy changes, the surge in the tech and industrial sectors, and the implications of deglobalization on global trade.
0:00 - Introduction
1:10 - Federal Reserve's 2024 Policy Predictions
4:30 - 2024: The Year of Tech and Industrial Growth
8:20 - Labor Market Trends and Economic Impact
12:45 - Big Banks vs Regional Banks: 2024 Financial Forecast
17:30 - Deglobalization and its Effect on Global Trade
22:10 - Knapp's Perspective on Asia's Export Model
27:00 - Q&A Session
32:00 - Closing Remarks
US Economist’s Shock Warning: “Biggest Crash in Our Lifetime” is About to Hit, 86% nosedive in S&P
US Economist’s Shock Warning: “Biggest Crash in Our Lifetime” is About to Hit, 86% nosedive in S&P
Daniela Carbone: 1-12-2024
"This time, it’s got to crash 86% for the S&P 500 just to get back to the last low in early 2009," cautions Harry Dent, the founder of HarryDent.com. In an interview with Daniela Cambone, he paints a bleak picture of the financial landscape for 2024, suggesting that the largest stock market bubble of our lifetime is on the verge of bursting.
"This year, we’re going to see the economy down," attributing it to the Federal Reserve both overstimulating the economy during the pandemic and now engaging in over-tightening. "It takes more like a year and a half to fully hit.
So the tightening that peaked in March of 2023 will not fully hit until late 2024," Dent explains.
He is less optimistic about the housing market in 2024, indicating that there might be a prolonged period before people can purchase houses at discounted prices." Watch the video for more of his insights.
US Economist’s Shock Warning: “Biggest Crash in Our Lifetime” is About to Hit, 86% nosedive in S&P
Daniela Carbone: 1-12-2024
"This time, it’s got to crash 86% for the S&P 500 just to get back to the last low in early 2009," cautions Harry Dent, the founder of HarryDent.com. In an interview with Daniela Cambone, he paints a bleak picture of the financial landscape for 2024, suggesting that the largest stock market bubble of our lifetime is on the verge of bursting.
"This year, we’re going to see the economy down," attributing it to the Federal Reserve both overstimulating the economy during the pandemic and now engaging in over-tightening. "It takes more like a year and a half to fully hit.
So the tightening that peaked in March of 2023 will not fully hit until late 2024," Dent explains.
He is less optimistic about the housing market in 2024, indicating that there might be a prolonged period before people can purchase houses at discounted prices." Watch the video for more of his insights.
CHAPTERS:
00:00 Introduction and Dire Warning for 2024
03:00 Government Stimulus and Economic Cycles
06:01 The Fed's Control and Damage Control
07:51 Preparing for the Crash: Avoiding Equities and Real Estate
09:02 Buying Opportunities and Real Estate Market
12:24 Real Estate Market in Canada
13:02 Investing in Cash and Long-Term US Treasury Bonds
15:26 Bitcoin and Cryptocurrencies
17:41 Gold and Financial Asset Bubbles
19:02 Flying and Election Predictions
20:42 Conclusion
Goldilocks' Comments and Global Economic News Friday Evening 1-12-24
Goldilocks' Comments and Global Economic News Friday Evening 1-12-24
Good evening Dinar Recaps,
"Circle, which issues the USDC stablecoin, said Thursday it filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC’s approval of 11 spot bitcoin ETFs."
Stablecoin issuer Circle filed for an initial public offering after having a steady year of crypto values. USDC is the second largest stablecoin by volume, and it filed with the SEC for an IPO on Thursday. The initial public number of shares for this coin that represents in digital format the US dollar is yet to be determined.
Stablecoins maintain stability through various mechanisms such as:
* collateralization
* algorithmic adjustments
* physical assets held in reserve
Goldilocks' Comments and Global Economic News Friday Evening 1-12-24
Good evening Dinar Recaps,
"Circle, which issues the USDC stablecoin, said Thursday it filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC’s approval of 11 spot bitcoin ETFs."
Stablecoin issuer Circle filed for an initial public offering after having a steady year of crypto values. USDC is the second largest stablecoin by volume, and it filed with the SEC for an IPO on Thursday. The initial public number of shares for this coin that represents in digital format the US dollar is yet to be determined.
Stablecoins maintain stability through various mechanisms such as:
* collateralization
* algorithmic adjustments
* physical assets held in reserve
The launching of this coin is dependent on current market valuations taking place in the market and the SEC review process. BankingDive Link Gemini.Link
© Goldilocks
~~~~~~~~~~
December outflow compounds 2023 losses | World Gold Council
~~~~~~~~~~
"State Bank of Vietnam (SBV) has granted approval to a number of banks to increase their charter capital through various methods, such as issuing shares for dividend distribution, conducting private placements and issuing shares to foreign strategic investors."
Vietnam Banks are rushing to add Capital to their Banks on the local level and International level. Their foreign strategic investments will move their currency values into alignment with other Nations forming bilateral relations and increasing demand on their currency values.
We are increasingly becoming a Global Nation characterized by collaboration inside Quantum Technologies designed to give opportunities to countries such as Vietnam a Level Playing Field and opportunity for growth it has never had until now.
These new Global connections will increase opportunities for Vietnam Banks and their markets. This is why Vietnam banks are rushing to boost their Capital opportunities.
© Goldilocks
https://vietnamnews.vn/economy/1639146/banks-in-race-to-boost-charter-capital.html
~~~~~~~~~~
The State Bank of Vietnam has directed their Banks to strengthen anti-money laundering controls.
https://www.regulationasia.com/vietnam-directs-banks-to-strengthen-aml-controls/
~~~~~~~~~~
Banking Announcement:
Indonesia Financial Services Authority OJK Issues New Rules to Support Banking Digitalisation
The new regulations aim to provide a level playing field and guidance for banks in developing digital services and assessing digital maturity. OJK Link RegulationAsia Link
~~~~~~~~~~
Banking Announcement:
"Bank Supervision Policy (BSP) monitors risk, formulates policies and procedures for the effective supervision and examination of national banks and federal savings associations, provides accounting policy guidance, and promotes community development activities."
BSP Proceeds With Soft Launch of New ITRS System.
The soft launch of the new International Transaction Reporting System commenced as planned on January 8, 2024. See pdf OCC Link RegulationAsia Link
~~~~~~~~~~
BlackRock CEO Larry Fink: Bitcoin ETF approvals are 'stepping stones' towards tokenization - CNBC
~~~~~~~~~~
Global Risks Report 2024: Risks are growing, but there's hope | World Economic Forum
~~~~~~~~~~
World Economic Forum Annual Meeting 2024 | World Economic Forum
~~~~~~~~~~
Beneath the Skin of CPI Inflation, December: Not in the Mood to Just Go Away | Wolf Street
~~~~~~~~~~
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More News, Rumors and Opinions Friday PM 1-12-2024
KTFA:
Clare: Abdul Wahid: Iraq loses $21 billion annually due to currency differences, and Parliament will host the responsible parties
1/12/2024
Member of the Parliamentary Integrity Committee, Sarwa Abdel Wahed, revealed today, Friday, that Iraq loses more than 21 billion dollars annually due to currency differences, stressing that Parliament will host the responsible parties to put an end to this theft.
Abdel Wahed said in a blog post on the X website. , “Iraq loses $21 billion annually due to currency differences, and this is the largest clear theft in the country’s history, at a time when the government and the central bank are unable or unwilling to control the parallel market.
She pointed out that “Iraq’s oil is sold in dollars, and the government and the central bank count every 100 dollars as 132 thousand dinars. In the currency difference for selling oil alone, Iraq loses more than 21 billion dollars, and there are similar amounts in the currency difference, and the only beneficiaries are parties, companies, and affiliated banks.”
KTFA:
Clare: Abdul Wahid: Iraq loses $21 billion annually due to currency differences, and Parliament will host the responsible parties
1/12/2024
Member of the Parliamentary Integrity Committee, Sarwa Abdel Wahed, revealed today, Friday, that Iraq loses more than 21 billion dollars annually due to currency differences, stressing that Parliament will host the responsible parties to put an end to this theft.
Abdel Wahed said in a blog post on the X website. , “Iraq loses $21 billion annually due to currency differences, and this is the largest clear theft in the country’s history, at a time when the government and the central bank are unable or unwilling to control the parallel market.
She pointed out that “Iraq’s oil is sold in dollars, and the government and the central bank count every 100 dollars as 132 thousand dinars. In the currency difference for selling oil alone, Iraq loses more than 21 billion dollars, and there are similar amounts in the currency difference, and the only beneficiaries are parties, companies, and affiliated banks.”
To influential figures. She added , “Parliament, in its new legislative term, must put an end to all these public thefts.” LINK
Clare: The profits of two major banks in America declined by more than $5 billion
1/12/2024
Today, Friday, the results of the operations of two major American banks revealed a slowdown in their profits in the last quarter of last year, amounting to more than $5 billion, against the backdrop of the contribution to refinancing the main fund of the Federal Deposit Insurance Corporation after the bank collapses last year.
This concerns JP Morgan and Bank of America, which are two of the largest American banks.
JP Morgan said on Friday that its quarterly profits declined in the last quarter of 2023, following the allocation of $3 billion to help refinance the Deposit Insurance Fund.
The American bank's quarterly profits fell to $9.31 billion, down from $11.01 billion in the corresponding quarter of the previous year, while profits for the entire year reached a record level of $49.6 billion.
JP Morgan's revenues increased by 12 percent to $38.57 billion during the fourth quarter of the year on an annual basis.
Earnings per share fell to $3.04 per share during the last quarter, from $3.57 in the last quarter of 2022, compared to expectations of $3.32.
Bank of America's profits fell sharply in the last quarter of 2023 on an annual basis, after it incurred fees worth $2.1 billion to refinance the government deposit insurance fund.
According to the financial report of the second largest American bank, issued today, Friday, net income fell by more than 50 percent to $3.1 billion in the fourth quarter of last year, compared to $7.1 billion in the corresponding quarter of 2022.
Bank of America's earnings per share decreased to 35 cents per share in the last quarter, from 85 cents in the last quarter of 2022, while net interest income fell by 5 percent to 13.9 billion dollars during the same period, due to the rise in deposit costs and the decrease in their balances, erasing the increase. Realized asset returns. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question: "Why would Iraq give the date of January 15th when they have tried to keep the timing of everything else a secret?" They're not telling you that's when they're going to reinstate their currency. They're telling you that's when their currency will go international. Now the question is at what rate?
Mnt Goat ...in my conversation with my CBI contact on my Wednesday call...We...talked about...the monetary reform and where it stood. I was told it would take some time, maybe weeks or months even for the currency swaps to take the needed effect in leveling out the parallel black market rate for the dollar. But my contact seemed very optimistic that the plan now in place could move this rate quicker than expected even. But I was warned not to expect instant success as there is still a period of monitoring it for wide swings, in other words it needs to be stable...We can see that there has been more progress towards currency reform in the last 12 months than in the twenty years combined.
The US and UK BOMB MULTIPLE TARGETS In The Middle East... Crude SURGES. CRITICAL UPDATES!
Greg Mannarino: 1-12-2024
US Banks Report Skyrocketing 'Wall Of Debt' As Massive Loan Defaults Continue
Atlantis Report: 1-11-2024
In the midst of holiday festivities that captivated the attention of many, a seismic shift silently unfolded within the intricate web of the global banking sector. The evolving narrative tells a tale of banks tightening their fists, shutting down branches, and adapting to the evolving digital landscape.
"Tidbits From TNT" Friday 1-12-2024
TNT:
CandyKisses: Gold prices rise as tensions escalate in the Middle East
Gold prices rose on Friday as fears of exacerbating the conflict in the Middle East due to international air strikes on Yemen increased, leading to a rise in the appeal of the yellow metal as a safe haven.
By 0427 GMT, spot gold was up 0.3 percent at $2,033.89 an ounce. However, it has fallen 0.6% so far this week.
Gold futures rose almost 1% to $2,038.00, according to Reuters.
The United States and Britain have launched strikes against Houthi-linked positions in Yemen, while Saudi Arabia has called for restraint in light of the strikes.
In broader financial markets, Asian stocks were cautious on Friday, as escalating conflict in the Red Sea region sent oil prices higher.
Data on Thursday showed that the U.S. rose more than expected consumer prices in December, but excluding volatile food and energy costs, the pace of price increases fell to 3.9% from 4% year-on-year.
TNT:
CandyKisses: Gold prices rise as tensions escalate in the Middle East
Gold prices rose on Friday as fears of exacerbating the conflict in the Middle East due to international air strikes on Yemen increased, leading to a rise in the appeal of the yellow metal as a safe haven.
By 0427 GMT, spot gold was up 0.3 percent at $2,033.89 an ounce. However, it has fallen 0.6% so far this week.
Gold futures rose almost 1% to $2,038.00, according to Reuters.
The United States and Britain have launched strikes against Houthi-linked positions in Yemen, while Saudi Arabia has called for restraint in light of the strikes.
In broader financial markets, Asian stocks were cautious on Friday, as escalating conflict in the Red Sea region sent oil prices higher.
Data on Thursday showed that the U.S. rose more than expected consumer prices in December, but excluding volatile food and energy costs, the pace of price increases fell to 3.9% from 4% year-on-year.
Spot silver rose 0.4% to $22.82 an ounce, platinum gained 0.2% to $917.48, and palladium rose 0.1% to $989.29.
Tishwash: The first parliamentary comment on the "bombing of Yemen"... 3 serious repercussions for the Middle East - urgent
Today, Friday (January 12, 2024), Representative Waad Al-Qaddu described the bombing of Yemen as another aggression that affects the security of Arab and Islamic countries .
Al-Qaddo said in an interview with “Baghdad Today” that “launching air strikes on several areas in Yemen by American aircraft and some of its allies from the West is a continuation of the scenario of aggression against Arab and Islamic countries and an implementation of the White House’s arrogance in using force against any countries that do not follow the path of the House’s interests.” the White".
He added, "There are 3 serious repercussions of the bombing of Yemen, the most prominent of which is economic, because its geographical location on sea routes constitutes 25-30% of international transport traffic, meaning that any confusion will lead to very serious consequences," pointing out that "America is leading the world into chaos from During its adventures in an attempt to control countries through brute force.
Al-Qaddo pointed out, “The bombing of Yemen is condemned and denounced, and its repercussions will not remain within specific geographical boundaries, and the White House will pay the price for it in the end,” pointing out that “the Yemenis will not forget the American aggression and they will inevitably have a response.”
He pointed out, "Many countries' rejection of Washington's illegal interventions confirms that the world has begun to change and rejects the American policy that has created tragedies for dozens of countries in recent decades."
Fadi Al-Shammari, advisor to the Prime Minister, confirmed today, Friday (January 12, 2024), that the West has begun to expand the circle of conflict and tensions in the region .
Al-Shammari said in a blog post on the “X” platform, followed by “Baghdad Today”: “While the West is supposed to work to restore its shame with the stories of human and animal rights that were undermined by positions towards Israel’s war against Palestine and the children, women, and civilians of Gaza, it is committing another foolishness by expanding the circle of conflict and increasing Tensions in the region .”
He continued, "While (the West) calls on others to exercise restraint, reduce areas of tension, and avoid escalation ."
It is noteworthy that the United States and Britain began a massive attack on several Yemeni cities at dawn on Friday, targeting sites belonging to the Houthis link
************
CandyKisses: Russia requests an emergency session of the Security Council following the US and British bombing of Yemen
Baghdad Today - Follow-up
On Friday morning (January 12, 2024), Russia requested an emergency session of the United Nations Security Council due to the strikes carried out by the United States and its allies in Yemen.
Russia's UN mission said on Telegram: "Russia has requested an emergency session of the UN Security Council on January 12 due to strikes carried out by the United States and Britain in Yemen."
According to Sputnik, the meeting was requested to take place at 10:00 am (18:00 Moscow time).
Earlier, the United States and Britain began launching strikes on Ansar Allah targets in the capital Sanaa and the provinces of Hodeidah, Saada and Dhamar.
For its part, the Pentagon confirmed this morning that the United States, in coordination with its partners, carried out strikes on targets of the "Ansar Allah" group (Houthis) in Yemen, and intends to soon reveal the details of the operation.
This morning, Ansar Allah announced its readiness to engage in any confrontation with the United States and Britain, considering that targeting it with any military action comes in support of Israel.
The developments came a day after Ansar Allah leader Abdul Malik al-Houthi announced that his group would continue its military operations in the Red Sea to prevent ships linked to Israel or heading to its ports from sailing to pressure Tel Aviv to lift the blockade on Gaza.
On Thursday, the UN Security Council adopted a US-Japanese draft resolution (2722), condemning attacks by Ansar Allah on ships in the Red Sea, demanding an immediate halt to them.
The Security Council resolution came a day after Ansar Allah announced that it had carried out a joint operation with a large number of ballistic missiles, naval and drones targeting a US ship that it said was providing support to Israel, considering it a "preliminary response" to the bombing by US forces, last week, of the group's boats and the killing of 10 of its members.
Meanwhile, the US Central Command announced the foiling of an attack by "Ansar Allah", which it described as "complex" with 18 drones, two anti-ship cruise missiles, and an anti-ballistic missile, towards international shipping lanes in the southern Red Sea, noting that the attack is the group's 26th since November 19.
Tensions escalated in the Red Sea after Ansar Allah announced last Sunday that 10 of its forces were killed in a US bombing that targeted three of its boats, blaming Washington for the consequences.
Mot: Yet another Winter ""Tip"" frum ole Mot of Course!!
Mot: ...... Member... the Winter Months are Upon Us – sooooo
News, Rumors and Opinions Friday AM 1-12-2024
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 Fri. 12 Jan. 2024
Compiled Fri. 12 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset : (Rumors)
Thurs. 11 Jan. MarkZ: There are great expectations of last minute changes to compliance over this weekend. The chatter is notifications early next week.
Thurs. 11 Jan. Wolverine: Yesterday morning Wed. 10 Jan, RC leaders, managers and banks throughout the United States entered their access codes at the US Treasury and around 11:30 (noon) EST. Now they just need to be given the green light to proceed and send the emails to Tier 4b (us, the Internet group) to arrange our appointments.
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 Fri. 12 Jan. 2024
Compiled Fri. 12 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset : (Rumors)
Thurs. 11 Jan. MarkZ: There are great expectations of last minute changes to compliance over this weekend. The chatter is notifications early next week.
Thurs. 11 Jan. Wolverine: Yesterday morning Wed. 10 Jan, RC leaders, managers and banks throughout the United States entered their access codes at the US Treasury and around 11:30 (noon) EST. Now they just need to be given the green light to proceed and send the emails to Tier 4b (us, the Internet group) to arrange our appointments.
Wolverine Cont……Some Bondholders have received emails and some are still waiting for emails. I think most should have them tonight for access to accounts, obtain 10% of those funds, with access to the remaining 90% in 90 days.
Iraqi Prime Minister Al Sudani and the Governor of the Central Bank of Iraq Al Allaq would both be attending the World Economic Forum in Davos Switzerland for the annual meeting January 14th to 19th. “Everyone is expecting the RV on Sun. 14 Jan.” according to Sudani. The IMF, which is in charge of timing, said, “Anytime Friday to Sunday.”
Judy Note: Bond liquidity has to happen first, which is going on right now.
Wolverine: People are traveling. I was on a call with a huge Whale who is going to Bogota for his blessing. We are definitely close. Notifications ARE coming out for bond holders. Rumor is that the notifications for T4B have started going out.
Banker: I am relatively certain I mentioned we should stay alert between the days of January 10th to 12th, and now I press those dates so stay attuned for any update relative to our expectations.
~~~~~~~~~~~~
Thurs. 11 Jan. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
Sources are under NDAs and gag orders and are not forthcoming with Intel.
An Intel person said we were going to get notification by Fri. 12 Jan.
The Whales have completed and expect to be notified of when they get access to their funds over the weekend.
A major paymaster said they were working over the next 48 hours to Sat. 13 Jan. to get a mediator paid.
Tier4b should get notification to set appointments sometime between Friday 12 Jan. and Mon. 15 Jan.
Monday 15 Jan. is a bank and federal holiday of Martin Luther King Day.
R&R should happen in January and that will come out a week after the Tier4b start exchanges.
Social Security increases should be in this month of January.
Read full post here: https://dinarchronicles.com/2024/01/12/restored-republic-via-a-gcr-update-as-of-january-12-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question: "What do you know about the length of time that we can exchange?" More than likely inside of a year. We should be able to see the growth of the Iraqi dinar to go back into what is comfortable for the Middle Eastern currency exchange rate that's fair.
Walkingstick [Aki - Iraq Bank In US update] There are many Iraqi citizens in the United States of American holding 3-zero notes. It is my job to collect them for the CBI, where they will destroy them. Our [job] is to turn in the 3-zero notes. WALKINGSTICK: This is huge! AKI: Agree. Direct deposit from now on. No limitations. Article VIII not only for the citizens but for investors.
LIVE! Shocker!!! INFLATION CONTINUES TO OUTPACE EXPECTATIONS! Who Would Have Known!
Greg Mannarino: 1-11-2024
Chaos Brewing as Yellen Declares U.S. Economy is Going To Be Fine
Lynette Zang: 1-11-2024
Hold tight for a financial rollercoaster! Treasury Secretary Yellen's soft landing recession claim sparks market chaos.
With the Treasury borrowing a massive $776 billion and the Fed unloading $95 billion in treasuries monthly, volatility strikes. Brace for impact on interest rates, risking a financial crisis. Spot gold is already surging.
Discover why this matters – interest rate spikes impact borrowing, and a Fed pivot could bring inflationary chaos. The global financial markets' foundation, the 10-year treasury, is at risk, with hidden dangers deliberately concealed by those in power. Stay ahead of the game!
CHAPTERS:
00:00 Soft Landing Recession
08:22 Repo Market Overview
16:45 Rise of Money Market Fund Assets
22:23 Why Is Gold Breaking Out?
Goldilocks' Comments and Global Economic News Thursday Evening 1-11-24
Goldilocks' Comments and Global Economic News Thursday Evening 1-11-24
Good Evening Dinar Recaps,
Today, spot Bitcoin ETF will begin Trading on the Global Markets. Yesterday's announcements and official adoption of Bitcoin ETFs and today's official launching of this new asset class marks the beginning stages of our new digital economy.
We are witnessing history in the making, and a new Global Economic pathway into the future. A spiritual corridor has been opened within the hearts and minds of the human race allowing access to parts of ourselves never accessed before.
It is in our creative endeavors such as these that access the highest aspects of our human potential.
We are witnessing the evolution of humanity as we embark on a journey uniting both Heaven and Earth.
May God Bless us as we move forward into the great unknown, and may we always hold fast to the notion that none of us ever walk alone.
© Goldilocks
Goldilocks' Comments and Global Economic News Thursday Evening 1-11-24
Good Evening Dinar Recaps,
Today, spot Bitcoin ETF will begin Trading on the Global Markets. Yesterday's announcements and official adoption of Bitcoin ETFs and today's official launching of this new asset class marks the beginning stages of our new digital economy.
We are witnessing history in the making, and a new Global Economic pathway into the future. A spiritual corridor has been opened within the hearts and minds of the human race allowing access to parts of ourselves never accessed before.
It is in our creative endeavors such as these that access the highest aspects of our human potential.
We are witnessing the evolution of humanity as we embark on a journey uniting both Heaven and Earth.
May God Bless us as we move forward into the great unknown, and may we always hold fast to the notion that none of us ever walk alone. Reuters Link
© Goldilocks
~~~~~~~~~~
The Financial Services subcommittee has issued an official statement regarding digital economic adoption and stablecoin payment implementation in the United States.
It is increasingly clear as we have been stating in this room that the United States of America is embarking upon a new Digital asset-based Trading System supported by the Commodities Market.
Our new tokenized assets going forward will be coordinated with new Basel 3 compliant Banking Protocols. A Gold Standard set of rules and regulations will begin to guide this process as further benchmarks are achieved to solidify this new Global Financial System.
© Goldilocks
~~~~~~~~~~
Economic Sanctions: Agency Efforts Help Mitigate Some of the Risks Posed by Digital Assets | U.S. GAO
~~~~~~~~~~
The FDIC, Federal Reserve and Office of the Comptroller of the Currency today jointly released a prerecorded, one-hour webinar on the final rule to modernize regulations implementing the Community Reinvestment Act. The video provides an overview of the rule and its objectives. Additional topics in the recording include assessment areas, community development, evaluation framework, performance tests, ratings, data collection and reporting and applicability dates.
https://bankingjournal.aba.com/2024/01/banking-agencies-release-video-on-community-reinvestment-act-rule/
~~~~~~~~~~
Are Hopes of Lower Mortgage Rates Freezing Up the Market Further? Buyers’ Strike Continues | Wolf Street
~~~~~~~~~~
The Central Bank of Russia issued into circulation on 10/16/2023 the new banknote in denomination of (5000) rubles, with an indication that the old issue of the same denomination is still in circulation and has the power of exoneration and legal presentation.
(A new banknote of 5000 Russian)
https://cbi.iq/news/view/2499
~~~~~~~~~~
The FDIC, Federal Reserve and Office of the Comptroller of the Currency today jointly released a prerecorded, one-hour webinar on the final rule to modernize regulations implementing the Community Reinvestment Act. The video provides an overview of the rule and its objectives. Additional topics in the recording include assessment areas, community development, evaluation framework, performance tests, ratings, data collection and reporting and applicability dates.
~~~~~~~~~~
Do you see it? Gold and Bitcoin are tracking one another.
© Goldilocks
~~~~~~~~~~
With Gold tracking Bitcoin, it will add stress to the Commodities Market.
Gold knows what it's doing. It is the bridge into the next economy that we are now crossing over into at this time.
Gold works miracles under pressure.
All roads lead to gold, and gold will set us free.
© Goldilocks
~~~~~~~~~~
Below is a list of Bitcoin EFT’s and their ticker symbols.
Blackrock's iShares Bitcoin Trust (IBIT)
ARK 21Shares Bitcoin ETF (ARKB)
WisdomTree Bitcoin Fund (BTCW)
Invesco Galaxy Bitcoin ETF (BTCO)
Bitwise Bitcoin ETF (BITB)
VanEck Bitcoin Trust (HODL)
Franklin Bitcoin ETF (EZBC)
Fidelity Wise Origin Bitcoin Trust (FBTC)
Valkyrie Bitcoin Fund (BRRR)
Grayscale Bitcoin Trust (GBTC)
Hashdex Bitcoin ETF (DEFI)
© GM
~~~~~~~~~~
All of these new ETFs that are tokenizing our assets on the market will create price pressures for gold.
No one knows for sure if Ripple is the next one in line, but they are expecting more.
Each one will cover more and more sectors of the market including Forex. As we all know, we have been studying these tokenized assets and know that gold will support the ones chosen for the new digital economy.
Each step along the way will create new valuations on the market under a new set of Basel 3 guidelines.
This is how our markets will formulate new values across each sector of the digital market.
Can you say float?
© Goldilocks
https://thecryptobasic.com/2024/01/11/top-experts-say-xrp-etf-is-next-with-bitcoin-etf-approved/
~~~~~~~~~~
Look for Stablecoins to begin making headline News soon.
Goldilocks
~~~~~~~~~~
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