More News, Rumors and Opinions Wednesday PM 1-17-2024

3 Countries Agree To Launch BRICS Currency To Challenge US Dollar

Vinod Dsouza    January 16, 2024

A new BRICS currency could soon be a reality as three countries have agreed to launch the tender to challenge the US dollar. The BRICS alliance is looking to replace the US dollar with a new currency creating a new world order. The bloc is advancing towards producing a ‘multipolar world’ where the US and its Western allies will no longer have power and control over other nations

The group is convincing developing nations in Asia, Africa, and South America to ditch the US dollar and embrace the soon-to-be-changing financial world. Read here to know how many sectors in the US will be affected if BRICS stops using the dollar for trade.

3 BRICS Countries Agree To Launch New Currency & Take on the US Dollar

Source: AFP

In the latest update, Russia’s former advisor to President Vladimir Putin and economist-turned-politician, Sergey Glazyev, confirmed that the new currency is in the works and is “almost ready”. He explained that three out of the five original founding countries have agreed to launch the new currency.

Glazyev stressed that only India and China are yet to give their nod for the formation of a new currency. The politician said that the alliance will go ahead only after other members agree and come to a consensus.

“To launch this currency, we need the political consent of the BRICS countries. Three of which have already expressed their support for the idea,” Sergey Galzyev stated. The Russian politician added, “We are waiting for the reaction of China and India”.

In conclusion, the only thing that’s stopping BRICS from launching their new currency is political consent from India and China. The rest of the three original founding countries Brazil, Russia, and South Africa have agreed to the BRICS currency. The extended new members are yet to come to a common consensus with the BRICS currency.

Source: Watcher Guru

https://dinarchronicles.com/2024/01/16/3-countries-agree-to-launch-a-brics-currency-to-challenge-the-us-dollar/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Sandy Ingram    There are 4 major reasons Kuwait, Iraq's next-door neighbor has the strongest currency in the world...Kuwait dinar is $3.36... 1.  Major exporter of oil.  Kuwait is estimated to hold 10% of the world's oil reserves.  The tiny country has a population of 4.3 million people vs Iraq who has approximately 43 million people and a lot more oil than Kuwait.  2.  Kuwait has an excellent reinvestment of oil revenue.  Kuwait uses its oil revenue to build infrastructure and develop microeconomic sectors to increase its GDP.    [Post 1 of 2....stay tuned]

Sandy Ingram    3.  Kuwait is tax free.  Being a tax-free country enables the GDP to be higher and it just makes everyone happier not to have to pay taxes.  Since May of 2007 the Kuwaiti dinar (KWD) is pegged to an undisclosed basket of currencies...  4.  This is good news for some of you and not good news for others...Kuwaiti currency is scarce.  It is very difficult to get your hands on a Kuwaiti dinar unless you are inside of the country...Being scarce when it comes to currency is a good thing.  [Post 2 of 2]

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Tishwash:  After the Sudanese statement that they would leave “quickly”... Will American forces withdraw from Iraq?

A “rapid and orderly exit” of the international coalition forces led by the United States from Iraq, this is what Prime Minister Muhammad Shia al-Sudani recently demanded, amid escalating tensions between those forces and armed Iraqi factions, which raised fears of expanding the scope of the conflict in the Middle East and destabilizing Iraq. .

While voices have been rising inside the country for years calling for the withdrawal of these forces following the attack of last October 7 launched by the Hamas movement on Israel, and the subsequent devastating war launched by Israel in the Gaza Strip, which it says aims to eliminate the movement.

Coalition forces have been subjected to dozens of attacks since then, and American forces responded by carrying out raids against Iraqi armed groups.

Al-Sudani said in an interview with Reuters news agency: “Let us agree on a time frame (for withdrawal) that will be quick so that we do not prolong the presence and the attacks continue,” noting that the only way to avoid a regional escalation is to stop the war in Gaza.

What are the reasons for the presence of these forces in Iraq?

After international forces led by the United States invaded Iraq in 2003 and overthrew its then president Saddam Hussein, those forces withdrew from the country in 2011. But in 2014, after what is known as the Islamic State in Iraq and the Levant (ISIS) took control of the city of Mosul, the second largest city Iraq and its declaration of the “Islamic Caliphate” in the areas over which it was able to extend its influence in Iraq and Syria.

The Iraqi government officially asked the United States and the United Nations to help it defeat the organization and protect the lands and people of Iraq, which led to the return of American-led coalition forces to the country, and the beginning of what is known as With Operation Inherent Resolve, which aims to help Iraqi forces defeat the organization's forces and regain the lands they controlled.

The goal of the American forces was to train and advise the Iraqi army. The coalition also provided air cover for the Iraqi security forces, armed factions, and Kurdish Peshmerga forces that fought the organization between 2015-2017, until control was restored over the lands it had seized.   

Read full post here :link

Emailed to Recaps: 

Bluwolf:  The savior weather in all the u.s. is man made, they are trying to paralyze the redemption activity for they know that we are just days away in this process. It is unstoppable and they know it.

The shelling in the middle east is also a deep state issue they are trying to create a war also not going anywhere. The USN will appear in a instant soon. The U.S. is goldback again finally and shall be announced as such very soon. The usd is useless in all the middle east and many places in Africa. The EU is also discarding it.

Texas,New York/Jersey, Florida,Arizona,Nevada and California are being targeted by the deep state to no avail. Please have all your currencies and paperwork ready cause we should be in the air soon. I can't wait to say " wheels up in 30." Good afternoon God bless.  Bluwolf 1.16.24 17:40 pm ast 

You may post.

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EU’s Biggest Economy Crashes, China-Russia Trade HITS $240B, Fed To Unleash The Unthinkable

Sean Foo:  1-17-2024

The numbers are out, Germany is officially the worst-performing G7 economy in 2023. However, the headwinds going into 2024 might just confirm a second recession in two years.

 Meanwhile, Russia and China just recorded a historic $240B in bilateral trade, showing resilience against the Western sanctions.

However, the Federal Reserve is about to end QT, showing how weak the economy is and why inflation will be the end game.

Timestamps & Chapters:

0:00 Germany Worst G7 Economy

2:53 A Recession Is Next

 6:02 Russia-China Record Trade

9:32 Fed Big QT Bombshell

12:49 Inflation End Game

https://www.youtube.com/watch?v=MW78sj9tMFY

Dollar's Hegemony "Death By A Thousand Cuts" | Andy Schectman

Dollar's Hegemony "Death By A Thousand Cuts" | Andy Schectman

Liberty and Finance:  1-16-2024

The BRICS bank will be issuing bonds and only selling them in exchange for local currencies, bypassing the US dollar.

"What we are witnessing with Dollar hegemony is death by a thousand cuts," says Andy Schectman, CEO and president of Miles Franklin.

 The BRICS nations have now added five more countries to their alliance including Saudi Arabia and Iran.

INTERVIEW TIMELINE:

0:00 Intro

1:38 Gold vs silver

9:15 Timeframe in metal storage

15:15 Shortages

17:13 BRICS & dedollarization

https://www.youtube.com/watch?v=Vx65LNH4QAI

"Tidbits From TNT" Wednesday 1-17-2024

TNT:

CandyKisses:  Economist calls for the use of a basket of currencies to evaluate the Iraqi dinar

Baghdad / Nina / An expert in economic affairs Raad Twig called on Wednesday to use a basket of currencies, whether the euro, Chinese colors and the UAE dirham in the evaluation of the Iraqi dinar in a way that crowds its calendar in the dollar.

Twig said in a statement to the Iraqi National News Agency / Nina / "As a result of the high competitiveness of the Iraqi economy in the field of monetary and commodity use in its trade exchange with other countries

And as a result of its use of the dollar and by 95% within the framework of the Iraqi electronic platform and for the most diverse monetary exchange and to prevent the monopoly of the currency of one country on the platform, a basket of currencies, whether the euro, Chinese colors and the UAE dirham, must be used in the calendar of the Iraqi dinar in a way that crowds its calendar in dollar".

He stressed that "allowing users of this basket of currencies to use the electronic platform will contribute to creating monetary balance and addressing any deficit in other currencies."

Tishwash:  Saudi Arabia strongly supports Iraq's accession to the World Trade Organization

On Wednesday, the Kingdom of Saudi Arabia expressed its support for Iraq’s accession to the World Trade Organization, especially after the removal of the political obstacles that prevented it.

The Iraqi Ministry of Foreign Affairs stated in a statement today that the Undersecretary for Political Planning Affairs, Ambassador Hisham Al-Alawi, along with Ambassador Saqr Abdullah Al-Muqbel, received the head of the team charged with negotiating Iraq’s accession to the World Trade Organization, and his accompanying delegation, at the Ministry of Foreign Affairs building in Baghdad, in the presence of Hussein Younis, Head of the Economic Department at the Ministry of Foreign Affairs.

The statement quoted the agent as saying during the meeting that: The Iraqi government is interested in openness to international organizations, and has a desire to activate Iraq’s presence in international forums, explaining that the Ministry of Foreign Affairs seeks to enhance regional and international cooperation alongside the relevant ministries in the government.

He pointed out that Iraq has natural and human resources and a specialized workforce in many fields that deserve to be provided with job opportunities, expressing his hope that Iraq’s accession to such organizations will contribute to providing such opportunities by increasing investments in the private sector in light of the current openness and the government’s plans. To develop the economy and develop its various sectors.

For his part, the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint.

The Saudi delegation noted that the Kingdom believes that the political obstacles that prevent Iraq from joining the World Trade Organization have been removed, stressing that the Kingdom’s government supports Iraq’s desire to enter global economic institutions.   link

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Tishwash:  Iraq goes to Davos with five axes, and the challenge of restoring confidence imposes itself during the discussions - urgent

Prime Minister Muhammad Shiaa Al-Sudani is participating in the fifty-fourth session of the World Economic Forum in Davos, which is being held for the period from 15 to 19 January, and he carries with him a number of files, the most important of which are the economic and banking reforms that the government has pursued and the resolution of the presence file. Foreigners inside Iraqi territory, especially after the voices calling for their exit rose as a result of the state of tension that accompanied the targeting of the headquarters of the Popular Mobilization Forces and a number of factions, and the targeting of the international coalition bases in Baghdad and Erbil.

An Iraqi vision

Iraqi government spokesman Bassem Al-Awadi explained five priorities for Iraq's participation in the Davos Forum.

Al-Awadi said in press statements that the 54th annual meeting of the Davos Economic Forum is being held against the backdrop of the Gaza and Ukraine wars, the artificial intelligence revolution, the cost of living crisis and the issue of climate change, in an event that lasts five days, pointing out that “it was agreed that the topic of the meeting should be This year for global political and business leaders, celebrities and prominent social activists is about rebuilding trust.

Iraq reforms 

Al-Sudani, during his participation in the Global Forum, on Wednesday (January 17, 2024), met with the President of the World Bank Group, Ajay Banga, where he reviewed Iraq’s steps towards financial and banking reform.

According to a statement by Al-Sudani’s office, the meeting discussed cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq, in addition to reviewing the measures and steps taken by the government and the Central Bank of Iraq, on At the level of financial and banking reform, projects financed by the International Finance Corporation ( IFC ) were also discussed, particularly the rehabilitation and development project of Baghdad International Airport.

Foreign presence

In light of Iraq's new position on the presence of international coalition forces in Iraq, and the increasing pace of escalation through the bombing of international coalition headquarters and the American response to faction headquarters in several areas, the Prime Minister's statements came to indicate the importance of agreeing on a time frame (for withdrawal) and for it to be quick so that We will not prolong the presence and the attacks will continue. What he indicated is that the only way to avoid a regional escalation is to stop the war in Gaza. According to this principle, the issue of the presence of these forces was present in the Sudanese meetings as part of his participation in the Davos Forum, where he met the Sudanese on Tuesday (16 January 2024), with US National Security Advisor Jake Sullivan, where the meeting witnessed confirmation of the start of the work of the bilateral committee to review the presence of the international coalition in Iraq, which was agreed upon during the visit of the Minister of Defense to the United States of America in August of last year, and to discuss In formulating a timetable to end the coalition mission and move to comprehensive bilateral relations with the coalition countries.”

In the same context, on the sidelines of his participation in the conference, on Tuesday (January 16, 2024), Al-Sudani reviewed the government’s economic and development plans in a working meeting in which heads and representatives of 57 international companies specialized in the fields of energy, oil and gas, and various economic fields participated.

The Prime Minister presented "the government's plans in the field of development and economic reform, which have come a long way, and the great investment opportunities, industrial city projects, the large Al-Faw port, the vital development road project, and integrated oil field projects."

The climate issue and its challenges will not be absent from the Iraqi discussions during the meetings that the Prime Minister will hold, especially after the Prime Minister directed, on Sunday (December 24, 2023), to appoint an official spokesman to spread environmental and health culture. link

Mot:  what is it about a dog 

Mot: .... Yeppers 2x a Year

News, Rumors and Opinions Wednesday AM 1-17-2024

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 Wed. 17 Jan. 2024

Compiled Wed. 17 Jan. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors)

Tues. 16 Jan. Wolverine: “Things are happening.  Dubai 1 got released and finalized and Dubi 2, not sure if it finalized or not, but it is getting finalized and funded. When Dubai 1 and Dubai 2 are both finalized, then things will happen quickly. It is the nucleus for things to start and this cascades our liquidity. In Brazil it is already taking place (Liquidity). Whales getting travel expenses to go where they need to go to receive their blessing. This is a good sign. Other whales got their notifications and are to receive their blessings this week. Tomorrow I hope to hear more news, as we are waiting to get the notifications this week for the Tier4B group.”

Tues. 16 Jan. (Allegedly) began the process of adjusting Capital requirements in gold to be infused into the new digital economy and we moved to the final rule stage of Basel 3 compliance in our banking system. (Chase bank announced IQD rate at $3.04. …Capt. Marvel)

Banker:  Tier4b will receive notification around the first of next week and be able to set appointments starting Thurs. 18 Jan.

US National Popcorn Day is Fri. 19 Jan. 2024.

On Tues. 23 Jan. all banks across the Globe not Basel 3 Compliant (have gold asset-backed monies) will (allegedly)  automatically collapse, plus the Cabal owned JP Morgan, which is a shareholder in the Bank of International Settlements, was scheduled to file for bankruptcy.

The fiat US Dollar was expected to be considered useless by around 11 March 2024.

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Tues. 16 Jan. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

Tier 4b (us, the Internet Group) were looking for notification to set appointments anywhere from now through Fri. 19 Jan. It could happen tomorrow Wed. 17 Jan. or Thurs. 18 Jan, likely tomorrow, and then go to apt. by Thurs. 18 Jan.

Tier 3 Bond Holders in Reno, Geneva and Miami had stations to go through for their bonds.

Tier4b will not have stations but will have various people sitting down with us, one to verify your currency, one to do Zim, others would be handling your other currencies.

They want us to be in and out of our appointments in 30 min.

If you have other bonds take them with you to the Redemption Center.

Have one, preferably two photo ids, proof of where you live like a gas bill and organize your currency by denomination.

Word today was there was an in-country rate for the Dinar of over $3. Our rate at the Redemption Center will be higher. You could be offered a Contract Rate on the Dinar.

The Dong rate is way higher than we thought.

The Zim rate was on par with the USN.

Zim Holders have priority for the exchange and for the Med Beds.

Read full post here:  https://dinarchronicles.com/2024/01/17/restored-republic-via-a-gcr-update-as-of-january-17-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat   The news...could not get any better. I know we all await news of the accession of Iraq to the WTO. Many have asked if Iraq has already completed the accession process. I will tell you they have completed it and we are waiting for the announcement of full accession but there is some legislation requirements that must be met first. Why is the WTO important for our investment in the dinar?   It is important because Iraq will need an international currency in order to trade with the international markets.

Walkingstick  They are now in Davos... Iraq's monetary reform is a hot topic because Iraq's monetary reform is restoring confidence in the Middle East...These conferences are only by invitation only.  To see Iraq there and to be the star at the Davos meeting tells us Iraq is no longer with a program rate.  It is an impossibility...

Prime Minister Mohamed Shiaa Al-Sudani met with the President of the European Bank

Nader:  1-16-2024

https://www.youtube.com/watch?v=-aKYXLia7vE

BRICS GOLD-BACKED CURRENCY: Vivek Points Out Value In Gold Backed Currency, Supports Gold Standard

Lena Petrova:  1-16-2024

https://www.youtube.com/watch?v=KKTTgHeTDWw

Goldilocks' Comments and Global Economic News Tuesday Evening 1-16-24

Goldilocks' Comments and Global Economic News Tuesday Evening 1-16-24

Good Evening Dinar Recaps,

Iraqi Banking Announcement:   A new decision from the Central Bank (document)

 01-14-2024 | 15:58   Baghdad  According to a document issued on January 9, 2024, the Central Bank directed licensed banks to allow borrowers to repay debts in Iraqi dinars.

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"Cosmos-based Layer 1 blockchain Injective   INJ +1.37% has released a main net upgrade named Volan. Central to the upgrade is the integration of a software module focusing on real-world assets (RWA)."

Here we go. The production and movement of real-world assets are currently being interfaced or connected to the QFS through Volan.

Individuals, institutional investors, and users will be able to use these products. Tokenized fiat currency pairs (foreign exchange opportunities), treasury bills, and exclusive credit products are just some of the items that will be included in this network.

Digital Transmission of voice, video, data, and other network services over digitalized circuits are some of the ways communication takes place over the QFS to complete and finalize transactions between two parties.

Volan is and has been in the process of expanding its networks to other networks around the world. There are many ways a network can populate and connect to other real-world assets on other networks.

The world is changing in ways none of us could have even imagined and creating a new Financial landscape that has never been possible until now.

Gold makes every bit of this possible. It will give real-world assets a real value allowing the QFS to make accurate mathematical calculations that will allow transactions to go through efficiently and rapidly over secure networks. This is why gold in hard assets is being stored around the world in central banks to achieve this worldwide transition.    (https://www.theblock.co/price/248408/injective-inj-usd)

© Goldilocks
The Block Link 
NY Sun Link

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"Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their large bank capital proposal (https://www.federalregister.gov/documents/2023/09/18/2023-19200/regulatory-capital-rule-large-banking-organizations-and-banking-organizations-with-significant) to increase the strength and resilience of the banking system."

Do you remember this article back in October the 20th of 2023? Well, we have reached this benchmark. Today, we will begin the process of utilizing and adjusting Capital requirements in gold to be infused into the new digital economy as needed until we reach the March 11th, 2024 deadline whereby old money will no longer be supplied for the new economy. This was stated last week in a recent article.

In other words, we are in transition from the old Financial system to the new one whereby the injection of real values will be injected into our new economy until we are fully transitioned.  OCC Link

© Goldilocks

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"Big US Banks to Call on Fed to Rewrite Contentious Bank Capital Rule"

This struggle has been going on for some time, but it is rare that the Fed rewrites any changes that they make.

This is the time where the implementation of Basel 3 begins. Rarely, does anything in this world go into effect without opposition, but they have to start somewhere.   US News Link

© Goldilocks

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Everything you need to know to prepare for the Jan 30th Protocol 20 vote, bringing smart contracts to Stellar Mainnet 👇

1/ We're officially two weeks out from Jan 30, 2024.

That means we're two weeks out from the Protocol 20 vote, which brings Soroban to Stellar Mainnet.

2/ Protocol 20 will mark the most transformative upgrade to the Stellar network to date.

And to preserve the network's performance, security, and stability during this time, the ecosystem has agreed to a phased rollout for Soroban transactions.

3/ Following a positive validator vote, Phase 0 begins, which is designed to allow network operators to observe the network after the upgrade, and not intended for end users to interact with applications.

During Phase 0, developers are encouraged to continue utilizing Testnet.

4/ In Phase 1, builders gain the ability to deploy contracts on Mainnet for testing. Like Phase 0, this environment is not meant for application users.

As Phase 1 progresses, smart contract usability will expand based on network health and user feedback.

5/ Phase 2 marks the start of a user-ready Mainnet where anyone can deploy and interact with smart contracts.

In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network.

6/ We plan to communicate early and often during each phase as changes are made and the network builds towards full capacity.

In the meantime, please ensure all of your relevant software is upgraded in preparation for Protocol 20 👇
Twitter Link
Stellar Link

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In 2 weeks, we will be ready for the upgrade vote that is expected to allow us to move forward with the integration of Quantum Technologies around the world.

At this time, you can expect fluctuations in the market as many assets being tokenized and interfaced with Global Markets around the world will bring our markets and banking system into alignment with one another under the new digital asset-based trading system and Basel 3 compliance protocols.

© Goldilocks

https://stellar.org/blog/developers/protocol-20-upgrade-guide

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BlackRock (BLK) CEO Larry Fink Sees Value in Ether ETF Day After Bitcoin ETF Goes Live | CoinDesk
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USDC Issuer Circle Internet Files to Sell Shares to the Public | Coin Desk

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Visa debuts Web3 loyalty program 

“Our new innovative digital loyalty solution empowers brands to reward customers not only for their transactions but for their active engagement, paving the way for secure, seamless and immersive digital and real-world experiences at their fingertips.”5 days ago.  |   Payments Dive 

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Ripple and Stellar Enter Trillion-Dollar Market to Compete Swift | CryptoNewsFlash Link

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BIS concludes Project Aurora, a proof of concept based on the use of data, technology, and collaboration to combat money laundering across institutions and borders
https://www.bis.org/about/bisih/topics/fmis/aurora.htm

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The Treasury Department and the IRS have recently released Proposed Regulations under Section 45X of the Internal Revenue Code of 1986, as amended, pertaining to the Advanced Manufacturing Production Credit. Section 45X offers tax credits for eligible clean energy components produced by a taxpayer in the U.S. or its territories and sold to an unrelated person during a taxable year.

Overall, the Proposed Regulations aim to provide clarity on eligibility criteria, production activities, related-party transactions, and specific definitions to facilitate the application of the Advanced Manufacturing Production Credit. Comments on these regulations are due by February 13, 2024, with a public hearing scheduled for February 22, 2024.
https://www.jdsupra.com/legalnews/proposed-regulations-for-advanced-3163485/

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Do you see all of these moving parts in these articles today? Each of them are being integrated into the new Quantum Financial System.

We will continue to monitor them as we assess where we are in the process of finalizing this new system that includes more than just money.

This whole financial system is coming alive this year and integration will be going on for many years, but the payment system and monetary changes will be leading the charge soon in our new digital asset-based training system.

© Goldilocks

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CIRCLE CEO: STABLECOINS- 2024

https://twitter.com/Megan7560964546/status/1747274626387108082?t=zo6XeRUq7sMan8uBFmGfyw&s=09

👆  Goldilocks pointed to this article

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JPMorgan is forecasting that the newly approved spot bitcoin ETFs could siphon off up to $36 billion from other cryptocurrency products like the Grayscale Bitcoin Trust. While the bank is skeptical about new capital entering the crypto market, it predicts this significant migration from existing crypto products to the new spot ETFs will be primarily driven by lower fees.   Coindesk

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Dying dollar? How the role of the US currency is becoming more limited
https://www.firstpost.com/explainers/dying-dollar-how-the-role-of-the-us-currency-is-becoming-more-limited-13615592.html

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China Awarded Major Contract By Iraq For Supergiant Oil And Gas Field  | OilPrice 

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What Is Digital Asset Trading? Digital assets are anything created and stored virtually, which are perceived to have value. Powered by blockchain technology, digital assets include cryptocurrencies, non-fungible tokens (NFTs), asset-backed tokens and tokenized real estate. Nov 17, 2022 Caleb and Brown

👆 Remember, "Digital Asset Based Trading System" This is the real name you have heard me refer to the new system as for the last two and a half years. Sometimes, I refer to it as the QFS, but the real name is a digital asset-based trading system.

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NESARA/GESARA - Legislation To Free Humanity Or Mega HOAX?

https://www.youtube.com/live/Fdu1NgsszMI?feature=shared

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U.S. Treasury Market Continues To Dictate Dollar Liquidity Policies : Luke Gromen

Luke Gromen: U.S. Treasury Market Continues To Dictate Dollar Liquidity Policies

Palisades Gold Radio:  1-16-2024

Tom welcomes back Luke Gromen of Forest for the Trees to the show. Luke discusses the outlook for U.S. debt and the interest, which is projected to exceed a trillion this year.

He explains that the U.S. government will need to borrow more money to cover the interest expense, indicating a debt crisis. According to Luke, we are essentially insolvent and running out of time.

Luke does not anticipate a recession in 2024 because he believes the Fed will prevent the treasury markets from crashing. He predicts that the Fed will take action this year, even if it means deviating from their core mandate.

Luke emphasizes that the functioning of the treasury market is the Fed's primary goal. He advises investors not to hold long-term debt, as sentiment towards treasuries will eventually reach a breaking point, causing a major problem in the bond market.

 Luke asserts that as the country moves closer to a wartime-style economy, traditional GDP metrics become less relevant in that type of fiscal environment. He shares his approach to long-term wealth preservation, which involves investing in gold and Bitcoin.

 Luke highlights that gold has limited downside volatility, while a small exposure to Bitcoin can protect a portfolio. Luke believes that the demand for oil will continue to surprise investors for the next few years.

Lastly, he discusses the numerous issues facing the electrical grid, which are often overlooked by investors and politicians. He points out that there will be a significant need for metals to maintain and expand the existing infrastructure.

Time Stamp References:

0:00 - Introduction

0:54 - Why Debt Size Matters

5:06 - No Recession in 2024!

7:45 - Feds Policy Options

15:45 - Powell & Ol'Yellen

17:56 - Bond Bubble & Investors

22:46 - Powell's Dovish Turn?

24:06 - Xi & Biden Meeting

28:33 - Red Lines & Saudi/China

31:15 - Yields & Liquidity Actions

35:14 - Rapid Financial Loosening

36:10 - GDP Metric Usefulness?

39:55 - Shift To Preserving Wealth

44:00 - Perception Vs. Hopium

45:20 - Gold & BTC Usefulness

50:20 - Oil, Recession & Demand

56:46 - Peak Oil & Electrification

1:14:05 - Wrap Up

Talking Points From This Episode

 - Luke warns of a looming debt crisis in the US, as the government struggles to cover its interest expenses.

 - He explains why a recession is unlikely during 2024 and why the Fed will act to prevent it.

- He advises investors to consider gold and Bitcoin for long-term wealth preservation amidst bubbles in treasuries and the dollar.

- Luke highlights the surprising demand for oil and the overlooked problems facing the electrical grid and infrastructure.

https://www.youtube.com/watch?v=70gP25Ac11k

More News, Rumors and Opinions Tuesday PM 1-16-2024

KTFA:

Clare:  Instructions and standards for the circulation and exchange of banknotes and counting and sorting mechanisms

January 15, 2024

 Instructions and standards for circulation and exchange of banknotes, and counting and sorting mechanisms .. For more, click here

https://cbi.iq/news/view/2502

Clare:  The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization

1/16/2024

On Tuesday, the Parliamentary Economy, Industry and Trade Committee discussed with the Permanent Representative to the World Trade Organization the requirements for Iraq to join the World Trade Organization.

The media office of the Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kinani, said in a statement that the committee hosted the Permanent Representative of the Kingdom of Saudi Arabia to the World Trade Organization, His Excellency Ambassador Saqr Al-Muqbel, the Commercial Attaché at the Saudi Embassy, ​​the Director General of Relations in the Iraqi Ministry of Commerce, Mr. Riyad Al-Hashemi, and the Assistant Director General of Foreign Relations in the Ministry. Trade, indicating that the committee discussed with the Saudi delegation the requirements for Iraq’s accession to the World Trade Organization, most notably the approval of the intellectual property law, which is one of the conditions for joining the organization.

The Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kanani, confirmed that Iraq has been striving hard since 2006 to join the World Trade Organization in order to raise the level of the economy in the country and make it within international standards, pointing out that Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains.

Intellectual property law in order for Iraq to take its membership in the global organization and transform trade for exports and imports within internationally approved standards and quality conditions.   LINK

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Clare:  Riyadh renews its support for Baghdad's accession to the World Trade Organization and reveals free facilities in Arar

1/16/2024   Baghdad

The Saudi commercial attaché in Baghdad, Faisal bin Abdulaziz Al-Hammad, renewed on Tuesday his country’s support for Iraq’s accession to the World Trade Organization, noting the provision of free facilities provided by Saudi Arabia in the trade exchange arena at the Arar port.

Al-Hammad said in a statement received by Mawazine News: “The Kingdom welcomes and supports Iraqi industries in Saudi markets and provides free facilities in the trade exchange arena at the Arar border port,” indicating “its efforts to file Iraq’s accession to the World Trade Organization.”

He added, "Soon the Kingdom will organize an exhibition for Iraqi industries in cooperation with the Iraqi Ministry of Trade." 

Al-Hamid called on Iraqi businessmen to “visit Saudi factories and see the quality of products and choose what suits them for the Iraqi markets,” stressing that “the Kingdom welcomes Iraqi businessmen to visit the Kingdom and meet with Saudi companies to discuss purchasing products and re-exporting from the Kingdom to Iraqi markets.” 

He continued, “ Saudi products top the confidence and satisfaction of the Iraqi consumer, and this is what distinguishes us,” pointing out that “Saudi products conform to international specifications and standards.”

 The Saudi commercial attaché thanked the Iraqi government for their cooperation in resolving the challenges that help raise the value of trade exchange between the two brotherly countries. LINK

Paulette:  IMO.....based on the articles today, it looks to be clear that Iraq still has some work to do for full accession to the WTO but it appears the final push is on....

Game of Patience:  IMO  Iraq is waiting for their reforms to implemented to complete their accession and join!

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat   NO, the RV did not yet happen! But we all should know the process is in motion. How can anyone deny it when we look at all the progress made in 2023 on currency reform. The dinar and dollar crisis filled the headlines every day.

Walkingstick  Movements before they release the lower denoms and new exchange rate we expected to see this... December was to have everything ready in place to go.  January all these systems are being implemented through the monetary reform education.  From private banks like the one Aki [Iraqi bank friend] represents to international markets as of today January 15, 2024 they're all international now.  It's what we expected...there's not more to say...because everything now is in print...

NO SOFT LANDING: Americans Debt Distress Surpasses Great Recession Levels

Lena Petrova:  1-16-2024

https://www.youtube.com/watch?v=_uxDBYjxIrw

Banks Are Now Dealing With An Unthinkable Liquidity Nightmare

Atlantis Report:  1-16-2024

The financial landscape is currently grappling with an unexpected and potentially alarming liquidity nightmare. Just a few days before the new year, a surprising development sent shockwaves through the financial community, raising concerns about an imminent liquidity crunch.

https://www.youtube.com/watch?v=GSmMMan_7LI

Debt-Based System In Last Stages Of Failure | Francis Hunt

Debt-Based System In Last Stages Of Failure | Francis Hunt

Liberty and Finance:  1-15-2024

High interest rates have caused a collapse in the mark to market value of many assets held by pension funds and banks.

 "This is a debt-based system that is in the last stages of failure," says Francis Hunt, The Market Sniper. "You could come to the point where the things you hold are the things you own."

INTERVIEW TIMELINE:

0:00 Intro

1:33 Gold update

11:59 Silver update

17:45 Pension funds & banks

25:11 Nikkei index

https://www.youtube.com/watch?v=Da8F2Pk-sCs

"Tidbits From TNT" Tuesday 1-16-2024

TNT:

Tishwash:  The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization

Tuesday, the Parliamentary Economy, Industry and Trade Committee discussed with the Permanent Representative to the World Trade Organization the requirements for Iraq to join the World Trade Organization.

The media office of the Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kinani, said in a statement that the committee hosted the Permanent Representative of the Kingdom of Saudi Arabia to the World Trade Organization, His Excellency Ambassador Saqr Al-Muqbel, the Commercial Attaché at the Saudi Embassy, ​​the Director General of Relations in the Iraqi Ministry of Commerce, Mr. Riyad Al-Hashemi, and the Assistant Director General of Foreign Relations in the Ministry.

Trade, indicating that the committee discussed with the Saudi delegation the requirements for Iraq’s accession to the World Trade Organization, most notably the approval of the intellectual property law, which is one of the conditions for joining the organization.

The Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kanani, confirmed that Iraq has been striving hard since 2006 to join the World Trade Organization in order to raise the level of the economy in the country and make it within international standards, pointing out that Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains. Intellectual property law in order for Iraq to take its membership in the global organization and transform trade for exports and imports within internationally approved standards and quality conditions.  link

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CandyKisses:  Parliamentary Finance reveals that the 2024 budget is about to reach its legislation

 Baghdad - Iraq Today:  2024/01/16 09:24

The Parliamentary Finance Committee resumed its regular meetings at the beginning of the new legislative term, while confirming the imminent arrival of the budget law for the year 2024.

The media office of the head of the committee said in a press statement: "The parliamentary finance committee, headed by Atwan Al-Atwani, resumed its regular meetings at the beginning of the new legislative term to discuss a number of topics related to its legislative and oversight work."

He added that "the meeting discussed ways to conduct a quick review of the work of the committee during the past legislative term and determine the priorities of the next stage in accordance with the ministerial curriculum, whether in terms of completing the requirements of legislating important laws or monitoring spending and overcoming obstacles and obstacles that delay the implementation of service and development plans and programs."

Al-Atwani stressed - according to the statement - that "the committee is waiting for the arrival of the budget law for the year 2024 soon to make the necessary amendments to its schedules," stressing "the need to determine our priorities in accordance with the government program."

"We will have field visits in the coming days to ministries and provinces to follow up on the implementation of plans and programs," he said, addressing committee members by saying: "Your presence in the field is enough to solve all legal and technical problems that delay the referral of strategic projects and hinder the completion of those who lag behind them."

"We have allocated additional funds to the provinces in order to implement strategic projects, and this requires us to follow up on funding and implementation," he said, pointing to "the need to work to overcome obstacles to completing school building projects that have been lagging for years."

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Tishwash: Video on Chinese tv about the Iraqi Dinar

Check this out this is a video on Chinese tv the words are in English, but this is the title

Iraq Boosts Iraqi Dinar to Reduce Overreliance on U.S. Dollar  https://www.youtube.com/watch?v=s5kMG7H9bJk 

Even China is looking for the RV

https://youtu.be/s5kMG7H9bJk

Mot: ... aaaahhhhhh - It Happened fur HIm Again!!!!

Mot: .. Thats only part 1 of the 12 volume set. 

News, Rumors and Opinions Tuesday AM 1-16-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 16 Jan. 2024

Compiled Tues. 16 Jan. 2024 12:01 am EST by Judy Byington

A Black Swan Stock Market crash was on the horizon that would cause huge ramifications around the World – and bring in a Global Currency Reset to 209 nations.

The New Financial System Components:  RUMORS

GESARA (Global Economic Security and Reformation Act): GESARA is a global initiative aimed at restructuring the world’s financial systems and establishing a new era of prosperity and abundance. It seeks to eliminate debt-based currencies and usher in asset-backed financial systems.

QFS (Quantum Financial System): The QFS is a digital financial platform that operates on the principles of blockchain technology and quantum computing. It promises transparency, security, and efficiency in financial transactions, making traditional banking systems obsolete.

GCR/RV (Global Currency Reset/Revaluation): This is a process through which the value of global currencies is recalibrated, often to realign with tangible assets like gold and silver. The goal is to level the playing field and eliminate the dominance of a few reserve currencies.

ISO 20022: ISO 20022 is a global standard for financial messaging that enables seamless and standardized communication between financial institutions. It facilitates faster and more accurate cross-border transactions.

BASEL III: BASEL III is a set of international banking regulations that require financial institutions to maintain higher capital reserves. This ensures greater stability within the global banking system and reduces the risk of financial crises.

Global Currency Reset: (RUMORS)

On Mon. 8 Jan. Redemption Center leaders and bank managers (allegedly) gave their individual access codes to the US Treasury, where they were locked into the new Quantum Financial System (QFS).

On Wed. 10 Jan. 2024 all qualified banks around the World (allegedly) connected to the new gold/ asset-backed QFS on the new Star Link Satellite System.

On Sat. 13 Jan. the SWIFT Home Page (Society for Worldwide Interbank Financial Telecommunications (SWIFT)) said that the new ISO 2022 System (Digital Data Interchange between financial institutions) for payments was now live.

Mon. 15 Jan. MarkZ: There were rumors that bond folks were expecting liquidity overnight tonight.

On Tues. 16 Jan. we (allegedly) move to the final rule stage of Basel 3 compliance in our banking system.

Banker:  Tier4b will receive notification around the first of next week and be able to set appointments starting Thurs. 18 Jan.

On Tues. 23 Jan. all banks across the Globe not Basel 3 Compliant (have gold asset-backed monies) will (allegedly) automatically collapse. The Cabal owned JP Morgan, which is a shareholder in the Bank of International Settlements, was scheduled to file for bankruptcy.

Protocol QFS 20: This protocol is an integral part of the Quantum Financial System, designed to (allegedly) streamline and secure financial operations further. It ensures that transactions are conducted with the utmost integrity and efficiency.

Mon. 15 Jan. Basel III: The Banking Game-Changer You Haven’t Heard About, Gold as a Tier 1 Asset, US Treasuries vs. Gold as a Financial Asset & Banks that Fail Basel III – American Media Group (amg-news.com)

Quantum Financial System, David Wilcock:

The QFS operates completely independently from the existing “centralized” banking and ends the “Central Banking System” that perpetuates “Debt Slavery” around the world.

Even though it is the ultimate in design, reliability, security and safety, the roll-out process will occur over time.

The QFS operates on a Distributed Ledger Technology. It is NOT crypto currency or Blockchain technology.

Quantum Qubits “interact” with every financial transaction anywhere in the world of finance to ensure that each transaction is legal, owner-intended and transparent.

Since Central Banks do not have the ability to “reconcile” old FIAT (paper) money into the new QFS system, all fractional reserve banking and central banking activities will cease.

Every sovereign currency and every bank represents a separate Ledger in QFS.

Data on all account holders at all banks in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger.”

The QFS is designed for and ready to convert ALL bank accounts denominated in any fiat currency anywhere in the world into a local asset-backed currency.

The QFS pings the originating Fiat currency bank account to ensure it is still valid, active, and operational at the time the exchange of fiat currency for asset-backed currency takes effect.

After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis.

Read full post here:  https://dinarchronicles.com/2024/01/16/restored-republic-via-a-gcr-update-as-of-january-16-2024/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   Question:  "Is  [Firefly boots on the ground in Iraq] optimistic or frustrated?"  Both.  He's optimistic because he knows what Sudani and the CBI have been telling the citizens of Iraq...Because he can go into a bank in Iraq now and ask questions and they will answer them point blank.  But he's also frustrated because how much longer?  We're talking about going into...January already.  This thing should have happened at the beginning of the year.  What's the hold up?  Why are we waiting?

Nader From The Mid East  A lot of people talking about the circulation of the dinar.  Some peoples 120 trillion, the other one 170 trillion...The circulation of the dinar has been decreasing since last April...you see it going down, down, down by billions...Anyone worried about the circulation of dinar and it's too many dinar out there and all that the dinar is disappearing slowly...the dinar has been going down by billions, 156 billion, 160 billion...each month last year...

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RED SEA CRISIS: Global Inflation To Spike Again As Energy And Supply Chains Are Threatened

Lena Petrova:  1-15-2024

https://www.youtube.com/watch?v=fuGantmoQQw

Do You Hear Alarm Bells Ringing? Neither Do I. And That’s A Huge Problem.

Do You Hear Alarm Bells Ringing? Neither Do I. And That’s A Huge Problem.

Notes From the Field By Simon Black  January 15, 2024

Do you hear alarm bells ringing? Neither do I. And that’s a huge problem.

It’s clear that just about everyone is ignoring what should be the biggest news of the day… an ominous milestone that may just signify the point of no return. I’ll explain--

Recent data published by the Congressional Budget Office show that, last year, “Discretionary Spending” in the Land of the Free totaled $1.7 trillion dollars.

Remember, “Discretionary Spending” is one of the three broad categories of federal spending; the other two are interest on the debt and mandatory spending.

Interest on the debt and mandatory spending (which includes programs like Social Security and Medicare) are like your monthly mortgage payment-- they get sucked out of the Treasury’s Department’s bank account every month. Congress doesn’t even debate or discuss those categories.

All of the haggling and bickering and politicking in Congress is purely over discretionary spending. And it includes almost everything else we think of as ‘government’, i.e. military, national parks, homeland security, embassies around the world, etc.

So, here’s what’s remarkable:

Again, discretionary spending totaled $1.7 trillion last year-- which includes US military expenditures.

However, the other spending categories-- mandatory spending (Social Security, Medicare, etc.) and interest on the debt-- were so vast that the federal government still had an enormous deficit for the year.

How enormous? $1.7 trillion enormous.

Look at those numbers again: Discretionary spending for the year was $1.7 trillion. The fiscal deficit for the year was also $1.7 trillion.

Conclusion? The government needed to eliminate ALL discretionary spending last year-- including the military-- in order to balance the budget.

Think about that. US spending is now so high that nearly everything we think of as government-- from the United States Marine Corps to Yosemite National Park-- needs to be completely eliminated in order to make ends meet.

Alarm bells should be ringing everywhere. But they’re not. Hardly anyone in power has even noticed.

Now, the US government has obviously been running huge deficits for decades. But it was rarely this bad.

In Fiscal Year 2018, for example, discretionary spending was $1.3 trillion. But the budget deficit was much less-- about $700 billion. Sure, that was bad. But not like 2023.

Going back even further, to 2007, discretionary spending was about $1 trillion. But the budget deficit was $162 billion that year-- i.e. bad, but manageable.

This problem has clearly become MUCH worse over time. And the government’s own projections show the trend will continue.

White House and Congressional Budget Office estimates forecast that this current fiscal year (FY24) may be slightly better; they’re projecting $1.6 trillion in discretionary spending… but ‘only’ a $1.425 trillion deficit.

But within about six years, the federal budget deficit will exceed ALL discretionary spending… every year.

In other words, by 2031, the US could permanently cut all discretionary spending, including the military, and STILL have a budget deficit.

As I’ve discussed many times before, there are very few options in this scenario.

One option is to default on the debt. But this is extremely unlikely given that it would cause a catastrophic financial crisis around the world.

A second option is to dramatically slash (and eventually eliminate) key programs like Social Security, Medicare, etc. But few politicians have the willingness to do so.

A third option would be an enormous asset sale, i.e. selling off Yellowstone National Park to China and other foreign investors. I will give you a lot more detail about this soon and show you exactly what the US owns… and why even such a radical approach still wouldn’t solve the problem.

Most likely the US will resort to the same tactic that bankrupt governments have relied on for centuries: inflation.

Septimus Severus was Roman Emperor in the 190s AD and found himself in a similar position; Rome’s fiscal deficit was massive, and he didn’t have enough money to pay his troops. So, over a four-year period, he debased the Roman denarius coin from 81.5% silver, down to 54% silver.

Debasing the coinage meant that he could produce more coins with less silver… and hence pay his soldiers with increasingly worthless money.

The United States will likely do the same thing but updated for modern times; the Federal Reserve will step in with a new ‘quantitative easing’ program that creates trillions upon trillions of dollars out of thin air.

This money will be used to finance US government deficits at artificially low (perhaps even negative) interest rates.

But just like the debasement of Roman currency, this approach will eventually create serious inflation in the US.

Remember-- I’m talking about a few years from now, not today. Inflation has fortunately been falling over the past several months, and I certainly hope that trend continues.

But if you look at the government’s own forecasts, it’s clear that there are very few options other than inflation after about 4-5 years from now, if not sooner.

This isn’t some wild, pessimistic conspiracy theory. I’m talking about the actual results from the last fiscal year, and the government’s own forecasts which project a terminal fiscal crisis by 2031.

That means it’s absolutely critical to look at these problems rationally… because politicians certainly aren’t doing that.

But there are solutions. If the data show that inflation could be a major problem down the road, then you still have a few years to plan for it and reduce its impact on your life.

And one of the best ways to do that is to own high quality real assets, i.e. scarce, critical, valuable resources that cannot be conjured out of thin air by central bankers or politicians.

We’ll have a lot more on this soon.

Simon Black, Founder  Sovereign Man

https://www.sovereignman.com/trends/do-you-hear-alarm-bells-ringing-neither-do-i-and-thats-a-huge-problem-148640/