Tim Price: The Last Death Rattle of the Debt Based Monetary System

Tim Price: The Last Death Rattle of the Debt Based Monetary System

Palisades Gold Radio:  1-19-2024

Tom welcomes back the ever eloquent Tim Price from Price Value Partners for a jaw-dropping interview.

Tim critically examines global institutions such as the Davos Club and a certain UN Health Organization. He expresses unease about global policies that may potentially marginalize farming and fishing in order to mitigate ecological damage.

He disapproves of unelected individuals influencing significant global health and economic strategies and encourages skepticism towards the mainstream media for perpetuating unchecked influence over these areas.

Price also identifies a growing trend toward skepticism of global forums, notably through an editorial in the Financial Times questioning the relevance of Davos.

He ends by cautioning against "philanthropaths" who amass wealth under the guise of charity and urges for increased understanding of their motivations.

Tim highlights the value of debate and continuous dialogue in resolving polarized arguments. Individuals should aim to arouse introspection in their interlocutors rather than impose personal beliefs. Understanding can create gradual changes in viewpoints over time.

Price draws parallels between the current credit and debt system and historical failures of such systems.

He views Davos as the emblem of big state command economy systems — a form of crony capitalism, not genuine free market capitalism.

He suggests teaching classic economics as a buffer against economic downfalls. Price points to economic uncertainties and volatility in various countries, taking Japan as an instance of a resilient economy that weathered two depressions on a par with America's Great Depression, maintained lower unemployment levels and a sustained GDP.

He raises the question of whether Western economies could cope with similar situations.

He also underlines ongoing unrest in currencies, the bond market, and the intensifying inflation. Tim criticizes the problematic Keynesian economic model and government interventions in economic systems, proving them incapable of controlling intricate economic operations.

Tim discusses his book "The War on Cash" and advises strengthening ties with local businesses and limiting dependency on credit cards and any form of central bank digital currencies, promoting the use of cash transactions.

As an example of an uprising against the current system, he notices the increasing number of protesting farmers, reaffirming the relevancy of his book's fundamental message today.

Time Stamp References:

0:00 - Introduction

0:37 - Argentina & Ecocide

4:36 - Vandals & Philanthropaths

7:12 - Western Suicidal Ideation

11:49 - Conversations & Questions

13:50 - Gov't Out of Education

18:12 - Truth & Perspective

22:29 - Davos & Javier Milei

27:10 - Broken Window Fallacy

30:09 - Debt Creation Math

34:07 - Inflation is a Policy

35:30 - Order of Collapse?

39:48 - Inflation Comparisons

42:27 - Keynesian Economics

 46:28 - Tim's Book - War On Cash

 50:22 - U.K. Postal Scandal

 53:08 - Clarkson's Small Farm

55:21 - Worse Worsening

57:05 - Wrap Up

Talking Points From This Episode

- Tim Price criticizes global institutions and policies that affect farming and fishing, urging a deeper analysis of their impacts.

- Tim believes the idea that government should be involved in any way with education.

 - Price calls for skepticism of the debt-based monetary system and questions its sustainability against the rising global debt burden.

https://www.youtube.com/watch?v=Fnw6Zn8oq9o

More News, Rumors and Opinions Saturday PM 1-20-2024

TNT:

CandyKisses:  Cold weather disrupts oil production in the United States: it will not return to normal for weeks

Shafaq News / Severe winter weather has halted the production of millions of barrels of oil in the United States, while production is expected to not return to normal levels for weeks.

According to a report published by Bloomberg, during the past week, production across America shrank by about 10 million barrels after snow covered parts of the US state of Texas, while North Dakota is experiencing a wave of severe cold, while production is not expected to return to normal levels for weeks.

The report estimates the volume of halted production in the Permian Basin in Texas and New Mexico at about 6 million barrels, while the volume of halted production in Pachin, North Dakota, is about 3.5 million barrels.

The report explained that very low temperatures beautify the water in oil wells, leading to a halt to production.

Icy roads also make it difficult for dump trucks used to transport wastewater to reach drilling rigs.

Tishwash:  Once again...resubmitting the oil and gas law to the discussion table of Parliament and the government

The representative of the Patriotic Union of Kurdistan bloc, Sarwa Muhammad Rashid, stressed on Saturday the need to expedite sending the draft oil and gas law, while confirming that the law is on the table of government and parliamentary discussions. 

Zanganeh said in an interview with the Maalouma Agency, “The discussions of the region and the center during the last period focused on finding a road map through legislation of the oil and gas law, as it ends the outstanding crisis between the federal government and the Kurdistan region.” 

She added that "passing the oil and gas law will eliminate all outstanding problems between the federal government and the Kurdistan region," noting that "after several months passed during the stages of writing the oil and gas law, it was not sent to Parliament for discussion." 

She continued, “Parliament is waiting for the legislation of this law until it ends the issue of how to export oil or invest gas in the coming stages.” 

The former member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, confirmed to Al-Maalouma that passing the oil and gas law requires consensus among the large blocs that have a majority within the House of Representatives. link

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

Mnt Goat   So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate its own currency? Why do I say “now is the time”?  We know they are completely out of Chapter VII sanctions since December 2022...We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody...We know they have plans for yet more Sovereign Funds to invest their reserves.  We know they are making agreements now for “currency swaps” for trade...as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024.  We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD.  More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along.  [Post 1 of 3....stay tuned]

Mnt Goat  We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023).  Why such a hurry? We know the value of the IQD right now does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there... Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. What is holding it back? We know Iraq now pumps 2/3 more oil than in pre-1991 era. Iraq also has announced 132+ tons of GOLD reserves. We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law.  Why? We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?  [Post 2 of 3....stay tuned]

Mnt Goat  Finally, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes).  Imminent World Trade Organization full accession.  Just be patient, the reinstatement is coming and I firmly believe from what we now know there is a very strong likelihood we NOT are going to be at the banks in early 2024 but there is still strong hope for early part of the new year. There is no guarantees and so no one really knows a date when the event will occur. Let’s just follow the FACTS and see where they lead us…okay? Iraq is full of surprises and so anything is possible.  [Post 3 of 3]

What Will A DEBT RESET Look Like? | David Morgan

Liberty and Finance:  1-20-2024

The FDIC has reported that the banks in the U.S. have more than $600 billion in unrealized losses. While the powers that be can paper over the problem for a while, they can't indefinitely. "There's no way out of this mess," says David Morgan, "It's a very precarious situation."

INTERVIEW TIMELINE:

0:00 Intro

1:45 Banking system

10:57 Unsustainable system

16:05 Cyber attack

19:40 Gold & silver

24:49 Outlook for metals

27:45 Brokerage risks

33:20 Last thoughts

https://www.youtube.com/watch?v=oEtgLnjWdg4

Stock Market Hits New All-Time High, 'Massive' Correction Will Follow | Chris Vermeulen

David Lin:  1-19-2024

Stocks just hit an all-time high. Will this momentum continue? Chris Vermeulen, Chief Market Strategist of TheTechnicalTraders.com answers.

0:00 - Intro

2:40 - Stocks

24:10 - U.S. dollar

 28:10 – Gold

 33:08 - Real estate

https://www.youtube.com/watch?v=Zo8LcxYppvw

This is a Blueprint for How the Dollar Goes Kaput SB

This is a Blueprint for How the Dollar Goes Kaput  SB

Notes From The Field By Simon Black  January 19, 2024

That infernal clanging you might have heard outside your bedroom window this morning was the sound of the proverbial can being kicked down the road, yet again.

With no agreement on spending anywhere on the horizon for the current fiscal year, the US Congress passed yesterday a ‘Continuing Resolution’ to keep the government temporarily funded for another six weeks.

This is nothing new; in fact, Congress has passed more than 50 Continuing Resolutions just since 2010, primarily because they almost NEVER manage to figure out the budget prior to the start of the fiscal year on October 1st.

But now there is far greater need to get it right than ever before.

I’ve been writing about this a lot lately, because, frankly, it is a critical issue. Failing to fix the spending problem spells disaster for the United States… and for the US dollar.

I wrote recently how the Congressional Budget Office projects the US government will add $20 trillion to the national debt through 2033.

$20 trillion is an absurd amount of new debt. And there are very few groups and institutions capable of loaning such a vast sum of money.

Social Security, for example, was one of the biggest buyers of US government bonds for several decades. And at this point they own roughly $3 trillion of the national debt.

But Social Security is now bleeding so much money that the program is no longer able to loan the Treasury Department any more money.

Foreigners also used to be highly reliable buyers of US Treasury bonds; even as recently as a few years ago, foreign ownership of US federal debt was more than 33%.

But foreigners are rapidly losing their appetite for US government bonds, and their ownership has plummeted to 22% very quickly.

Now, in many ways it’s good that the US no longer owes so much of its debt to foreigners.

Except that this only leaves one reliable institution remaining to buy up all that new debt: the Federal Reserve.

Remember, the Fed’s unelected Federal Open Market Committee (FOMC) holds periodic closed-door meetings to make decisions about the US money supply.

When they expand the money supply, they give it a very technical sounding name (like “Quantitative Easing”). But ultimately what this means is that they conjure trillions of dollars out of thin air with the click of a button.

It’s actually quite bizarre when you think about it; they make a few entries into an electronic ledger, and, poof, new money exists.

(It’s essentially the electronic version of having a printing press, which is why we often just say that the Fed ‘prints money’.)

The Fed then lends that money to the federal government, and the mechanism for this is buying US Treasury bonds.

Because the Fed has this special ability to print money-- something which no one else is legally allowed to do-- there is realistically no limit to how many bonds they can buy. If the government needs to borrow $20 trillion, the Fed has the capacity to print and lend $20 trillion.

And this is the key issue: when individuals, corporations, or even foreign governments buy US Treasury Bonds, they are buying those bonds with existing money that’s already in the system.

But when the Fed buys US Treasury Bonds, they do it by conjuring new money out of thin air.

And this new money creates more inflation.

This isn’t some wild theory; we all experienced the effects firsthand during the pandemic; the US government spent so much money in 2020 and 2021 that the national debt increased by more than $6 trillion.

The Fed created about $4 trillion of new money to buy the biggest chunk of that debt. And the end result of so much sudden, new money was 9% inflation.

So, if $4 trillion in new money caused 9% inflation, how much inflation will $20 trillion create? No one can predict the effect precisely, but it probably won’t be zero.

Remember, this $20 trillion figure for new debt is the government’s own forecast over the next ten years (and it might be on the low side).

But most of this amount, i.e. $15+ trillion, will accumulate over the next 5-7 years. So this is really the time frame for increased inflation risk… and serious threats to the US dollar.

Because with an explosion in US government debt-- and renewed inflation-- there is a very strong chance that foreigners will finally demand a change.

The United States and the US dollar have been in command of the global financial system ever since the Bretton Woods Agreement was signed at the end of World War II.

This agreement made the US dollar the world’s dominant reserve currency, forcing every nation, every major bank, every large corporation to hold US dollars for international trade and financial transactions.

The dollar’s reserve status is a very special privilege for the United States. But if the world finally demands a new, de-dollarized system, then foreigners would no longer need to hold US dollar assets-- including US government bonds.

Even though foreign ownership of US debt is already dwindling, losing reserve status would cause that percentage to drop very quickly. And the Fed would need to print even more money to make up for the loss of foreign investors… causing even more inflation.

Now, I’ve written before that, at least for the moment, there are still a handful of ways that the US could navigate out of this mess. But options are narrowing and the window to act is closing.

Watching Congress kick the can down the road yesterday, yet again, rather than make tough decisions or even DISCUSS necessary actions like entitlement reform, etc. does not give me much confidence that they will figure this out.

And if no action is taken, the scenario I outlined above is likely to play out over the next 5-7 years.

Fortunately, this gives every intelligent, independent-thinking individual a healthy window to prepare for what’s coming.

What I wrote above is not the end of the world. I am not predicting doom and gloom. I am, however, making a strong case for an inflationary future.

But there is plenty we can do now to prepare so that future inflation won’t have a significant impact on our lives.

Energy prices, for example, could likely soar. And yet many energy producing companies are remarkably cheap right now. This is a pretty good hedge.

Gold is also worth discussing; even though it’s near an all-time high, there’s a good chance that the future financial system I mentioned earlier becomes based on gold, rather than any single currency.

And if that happens, we could easily see $10,000 gold or more, likely by the end of the decade.

More on that soon.  Simon Black, Founder  Sovereign Man

https://www.sovereignman.com/trends/this-is-a-blueprint-for-how-the-dollar-goes-kaput-148658/

"Tidbits From TNT" Saturday 1-20-2024

TNT:

Tishwash:  Trade announces the conclusion of the Baghdad Fair and discusses its results

Today, Saturday, the Ministry of Commerce announced the conclusion of the activities of the 47th Baghdad International Fair, while mentioning its advantages.

The Minister of Trade, Atheer Al-Ghurairi, said in a statement received by Al-Eqtisad News: “The activities of the session were distinguished compared to previous sessions in terms of organization, qualification, diversity and size of participation by countries and companies, as well as the achievement of many partnership contracts between Iraqi sectors and sectors of countries and companies participating in the international session.” .

He pointed out that "the Baghdad International Fair is a message to the world that Iraq is coming strong as an important economic player capable of containing the largest international gatherings and interacting with them in a way that serves the aspirations of our people for a free and dignified life. In addition, the exhibition was a message from the participating countries of their desire to extend bridges of cooperation." With Iraq.

For his part, the company’s general manager, Mustafa Al-Ani, confirmed, “The conclusion of the activities of the Baghdad International Fair, bidding farewell to another year in its pioneering journey that accompanied its launch in the sixties of the last century.” He said, “This session was distinguished by the participation of 22 countries and 850 local, Arab, and international companies, which is the highest participation compared to the sessions.” Previously, the participation of the Kingdom of Saudi Arabia was the largest.

He added, "The conclusion of this session gives other aspects to the new Iraq in its economic developments, which could give it the opportunity to enter international investments, as the exhibition witnessed commercial displays of various international and local commodities and goods in addition to the projects and achievements of local and international companies from various sectors, as well as projects related to infrastructure." agricultural, industrial, technological and other sectors.”    link

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CandyKisses:  European markets are suffering. Middle East oil supplies halved

Economy News - Follow-up

European markets are suffering from a crisis of intense competition for oil, especially from the Middle East and the Gulf, due to the halving of supplies following the crisis of crossing the Red Sea.

Traders and analysts and data of the London Stock Exchange Group revealed that the Brent crude market and some oil markets in Europe and Africa are witnessing a shortage due in part to the delay in shipments after some cargo ships avoided traveling through the Red Sea, while the disruption coincided with other factors, including interruptions in production and increased demand in China to intensify competition for crude supplies that do not need to cross the Suez Canal, and analysts say that the crisis is clearer in European markets, according to Reuters.

In a sign of supply shortages, the structure of the benchmark Brent crude futures market hit a two-month high on Friday, as tankers moved away from the Red Sea after air strikes by the United States and Britain on targets in Yemen.

Victor Katuna, senior crude oil markets analyst at Kepler, said: "Brent crude futures are the most affected by the disruptions of the Red Sea and the Suez Canal, so European refiners are the ones suffering the most in the actual markets."

Volumes of crude destined for the Middle East to Europe have fallen, and Kepler data shows the volume of crude heading to Europe from the Middle East has almost halved to about 570,000 bpd in December from 1.07 million bpd in October.

"Red Sea problems cause delays, so refiners need to cover their needs from local markets," one trader said, adding that "the market is in shortage due to the loss of Gulf supplies."

Other developments have led to shortages in Europe's supply, including a drop in Libyan supplies due to protests, the first such disruption in months, as well as a drop in Nigerian exports.

Crude supplies from Nigeria fell after the country began operating the Dangoti refinery, which captured some cargoes.

Angolan crude, which is also heading to Europe without having to pass through the Suez Canal, is seeing increased demand from China and India due to problems with Iranian and Russian crude, a trader said.

China's oil trade with Iran has been hampered by Tehran's halt to shipments and demands for higher prices, while India's imports of Russian crude have fallen due to currency challenges, although India says the decline is due to unattractive prices.

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CandyKisses:  Christine Lagarde: 3 positive trends in the global economy

Economy News Follow

European Central Bank President Christine Lagarde said she does not expect to return to the "normal" situation of the economy in 2024, despite seeing some balance in the past 12 months.

In a speech on the sidelines of the global economy in Davos, Switzerland, she described the post-pandemic period as "a strange, unusual and difficult period to analyze," and identified three trends that began to return to normal last year: consumption, trade and inflation.

The pandemic period saw spending decline and people's savings grow, while global trade was also disrupted.

In October 2022, inflation in the Eurozone reached 10.6% but declined in 2023, reaching 2.9% in December.

Lagarde said on Friday, January 19: "In 2023 we saw the beginning of equilibrium. When you look at consumption for example, all over the world... Consumption is still a driving force for growth, but the tailwinds we have benefited from are gradually fading," she said, pointing to the decline in consumption, as the labor market became somewhat less tight and consumer savings fell.

Lagarde explained that trade, meanwhile, has been disrupted by consumers' preference for buying services over goods in 2021 and 2022, "but now it's starting to improve. In October, we had global trade figures that rose for the first time in several months."

The World Trade Organization (WTO) expects trade to increase by 3.3% in 2024, according to forecasts released in October.

Lagarde also noted the significant decline in inflation in 2023. "Around the world, inflation is falling, and we saw that in November, in both headline inflation and core inflation," she said.

In December, the ECB chose to keep interest rates unchanged for the second time in a row.

Mot: .. Any of these look familiar?

Mot: Sure Wish I Could Remember that Teachers Name!!!! 

News, Rumors and Opinions Saturday 1-20-2024

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. 20 Jan. 2024

Compiled Sat. 20 Jan. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Thurs. 18 Jan. MarkZ: We have articles that say Iraq’s ascension to the World Trade Organization was approved back in Feb of 2023. My contracting sources in Iraq say the valuation has been determined and we are just waiting on the release.

Thurs. 18 Jan. Bruce: One of our strongest sources is saying that we will have our notifications by or before Sat. 20 Jan, or they could start on Mon. 22 Jan as that is what the Redemption Centers are preparing for. We heard from our source in Iraq that not only do we have an Intl and In-country rate but we also have Iraq trading that rate internationally about when markets close tomorrow Fri. 19 Jan. About 5 – 6 pm EST we should see it in the US.

Bruce cont……Some time Sat. 20 Jan. Bond Holders should receive access to funds – in about 48 hours time Bond Holders will be able to see what is in their accounts and get access to 10%. So today we heard that there was an Iraqi Dinar In-Country Rate of a little over $3. But our rate is going to be higher. Back in 2012 Dr. Shabibbi said it would be well over sixteen.

Fri. 19 Jan. Wolverine: Hope you guys are excited as I am. We are definitely close. I received incredible info from various platforms saying they are just waiting to get the Green Light to receive funds. We will be celebrating any time!  If we should go today, we will not get funds released till next week. D1 is done. D2 hoping to get done today. Nesara should be happening around Sun. 21 Jan, and hopefully we will get announcement at that time of the Medbeds! Mauricio is under NDA. Lawyer said the funds are to be released in Reno.  I want you to remain in faith. This is going to happen! A lot of Whales are now under NDA. Certain platforms are now getting ready. The Pentecostal group is now getting ready to release the funds. The owner has apologized profusely and wanted to tell everyone that this was never scam and to thank everyone for believing in her. It been 24 years since she started this and finally this is ready. Everything is ready to go and just waiting for the Green Light. The RV is definitely coming. God bless you all. Wolverine 

Wed. 17 Jan. TNT Tony Call: “It will be happening at a moment’s notice – the next couple of days is the target.”

Fri. 19 Jan. JUST IN: Shockwaves on January 23! Basel III Deadline – The Global Financial Crisis and the Urgent Call for a Currency Reset – American Media Group (amg-news.com)

Global Economic Crisis:

Fri. 19 Jan. The US Debt Clock Secret Window: The Kennedy Factor: Challenging the Federal Reserve – The Emergency Banking Act of 1933: A Historical Parallel – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/01/20/restored-republic-via-a-gcr-update-as-of-january-20-2024/

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

Frank26   Question:   "Do you think Iraq will depose current currency once revalued?"  Once they revalue of course they're going to get rid of the currency...the 3-zero notes.  They will introduce the lower denominations and the fils to the citizens.  But it needs a different exchange rate that would match it to give it value.  The exchange rate right now is so low there is no value...

Paulette   The CBI has clearly stated to the Citizens that they should not fear the implementation of the Delete the Zeros Project as they plan to do it in a manner to minimize confusion and the 3 zero series currency will co-exist for a period of 2 years in the marketplace and up to ten years through the Banks.

SHOCKING: 14% Gain In Americans' Finances Reported As Debt Distress Hits Record High

Lena Petrova:  1-19-2024

https://www.youtube.com/watch?v=xLk8chA8qHs

Financial Crisis Is Imminent, As 30% Of Americans Just Missed Payments

Atlantis Report:  1-19-2024

The ongoing cost of living crisis has pushed millions of Americans to the brink of financial hardship. More than 16 million people have missed payments on their household bills this year, and 30% of households will fall behind on at least one payment in 2024. Moreover, two million people, that is 14% of the population, have missed a payment for the first time this year, indicating a worsening situation for many families.

https://www.youtube.com/watch?v=c3dTljIeEa4

Goldilocks' Comments and Global Economic News Late Friday Evening 1-19-24

Goldilocks' Comments and Global Economic News Late Friday Evening 1-19-24

Good Evening Dinar Recaps,

Washington, D.C. — "The Commodity Futures Trading Commission today announced it has issued an Order of Designation to IMX Health, LLC, granting it designation as a contract market (DCM). IMX Health is a limited liability company registered in Delaware and headquartered in Chicago, Illinois."

Intelligent Medicine Exchange IMX has been awarded a Securities futures contract. This will give individual and institutional market investors the ability to invest in various sectors of the healthcare ecosystem.  

This means that an investor will be capable of investing in various drugs that are used in a patient's care along with new Quantum Technologies for the use of healing care.

Creating a financial exchange for the healthcare economy enables technological advances to move forward as tokenized assets in the markets.

© Goldilocks

https://www.cftc.gov/PressRoom/PressReleases/8849-24
https://www.imxhealth.com/

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Conservatives pitch last-minute border amendment on bill to avert shutdown | ABC News
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What banks are switching to digital currency?

The pilot will test how banks using digital dollar tokens in a common database can speed up payments. Participating banks include BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo.Dec 12, 2022  Baker Tilly Link

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Will banks start using cryptocurrency?

In early January, the OCC announced that national banks and federal savings associations can now use public blockchains and stablecoins to perform payment activities. This opens the door for banks to have the ability to process payments much quicker and without the need of a third-party agency.

How Cryptocurrencies May Impact the Banking Industry

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Is Bank of America changing to digital currency?

Central bank digital currencies (CBDCs) are coming, but a digital dollar is unlikely in the near term, Bank of America (BAC) said in a report on Monday. Nov 15, 2023

U.S. CBDC Is Unlikely in the Near Term: Bank of America - CoinDesk 

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How many banks are using blockchain?

Thus, in a bid to adopt blockchain technology in India for providing various financial services, 15 banks, including 11 private sector, and four PSBs have formed Indian Banks' Blockchain Infrastructure Company Private Limited (IBBIC). May 25, 2023  Blockchain technology and Indian Banking Industry. - LinkedIn 

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How many banks own cryptocurrency?

From 2021 to the end of 2022, at least 23 banks are known to have invested in the crypto world. These included big names like Morgan Stanley, BNY Mellon, Citigroup, and United Overseas Bank. Apr 14, 2023
.
How Many Banks are Using Cryptocurrency in 2023?

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Is Bank of America using XRP?

This partnership goes beyond 2020, as some of BofA's senior executives have been instrumental in setting up RippleNet's compliance standards for international payments. The bank plays a central role in ensuring Ripple XRP's legal and operational consistency. Ripple (XRP): Everything you Need to Know - Atato

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Will cash become obsolete?

As people move toward more electronic or digital forms of payment, it might seem like paper money is on its way toward obsolescence. But experts say that cash will always be around.  Apr 21, 2023

What would happen if paper money became obsolete? - Marketplace.org

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Why are countries ditching the US dollar?

The US dollar has been the world's reserve currency for decades, but its dominance is fading. Sanctions against Russia have spurred other countries into considering backup currencies for trade. US monetary policies, the strong USD, and structural shifts in the global oil trade also contribute. Dec 27, 2023

3 reasons countries around the world want to break up with the dollar ()
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Is digital currency here to stay?

If you're interested in a career in business, fintech, accounting or a similar field, you'll need a solid understanding of what digital currencies are and the impact they continue to have on the global market. Not only is digital cash likely here to stay—but you will likely be working with it in your future career. Oct 31, 2023 Understanding Digital Currency and Its Far-Reaching Impacts | Keiser ()

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In late 2023, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would subject nonbank fintech companies to the CFPB’s authority. The CFPB articulated that it intends the rule to “level the playing field” between banks and fintech companies by regulating digital payments, such as peer-to-peer mobile payment apps. This would add an extra layer of oversight beyond the federal and state money transmitter laws traditionally used to regulate these types of services. JD Supra Link

👆  Goldilocks pointed to this article

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It’s Time to Explore Institutional DeFi

Technology continually evolves and modernizes financial services by creating new ways of executing and recording transactions. Each step in this evolution brings new business opportunities. For example, dematerialization replaced paper certificates with digital ones in the form of electronic book entries, fostering the rise of electronic payments and trading. That, in turn, made securitization possible, which added value to previously illiquid assets such as mortgages.

Despite recent waves of digitization, trillions of dollars worth of real-world assets are recorded in a multiplicity of ledgers that remain separate from messaging networks. This means that financial intermediaries have to record transactions on siloed ledgers and then message each other to reconcile their books and finalize the settlement. The need for coordination across ledgers and networks between entities creates inefficiencies that increase costs and risks, lengthen settlement times, and in general add overhead to financial services.   Oliver Wyman Forum

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Managing Sovereign Wealth Funds of other countries such as the Middle East in the US is met with great challenges, but it has profitable results for both countries in doing so.

This practice ensures secured foreign exchange practices that are expected to be a prominent venue going forward on Forex. In contrast with banks, this practice is the holding of investments in government foreign reserves inside the financial system of another country.

SWFs typically invest in a wide range of asset classes:

* equities (i.e. foreign currency)
* fixed income
* real estate
* alternative investments like private equity and infrastructure.

The purpose of this practice is to increase diversification and reduce risk on cross-border transactions between countries.

As you can see from many of the articles in this room, blockchain technology allows us to create opportunities never seen before in history. The ability to move across the borders to exchange monies is becoming something of an enigma.

At the touch of a button, things are progressing towards instant payment systems through the new digital economy allowing faster and efficient forms of trade.

Many of these blockchain technologies have been operational for some time, but the interfacing of Global economies on a Quantum Financial System will transform the way we live that most of us have never ever attempted to imagine.   DLA Piper

© Goldilocks

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Chapter 16 Sovereign Wealth Funds in the New Normal in: Economics of Sovereign Wealth Funds | E-Library

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Ukraine ranks third in the ranking of bitcoin-holding countries - data from Bitcointreasuries.

The top 3 also include:

- USA - 215,000 BTC;
- China - 190,000 BTC;
- Ukraine - 46,351 BTC.

~~~~~~~~~~

OpenAI on Thursday announced its first partnership with a higher education institution.

Starting in February, Arizona State University will have full access to ChatGPT Enterprise and plans to use it for coursework, tutoring, research and more.

The partnership has been in the works for at least six months.

ASU plans to build a personalized AI tutor for students, allow students to create AI avatars for study help and broaden the university’s prompt engineering course.   CNBC Link

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Protocol 20 Mainnet Vote Less Than 2 Weeks Away

January 30, the date of the Protocol 20 Mainnet vote, is fast approaching. 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.
 
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.
 
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.

So, while exciting times are ahead, we suggest managing expectations throughout the community – and if you’re building on Stellar/Soroban – your user base. If you haven’t already, please upgrade all of your relevant software in preparation for Protocol 20.  Stellar Link

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Mortgage broker Loan Market Vantage on why brokers are pivoting to business  lending  |  Financial Review 

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Inside Innovation Live 09 - Connecting blockchains: Overcoming fragmentation in tokenised assets |  YouTube

👆  Goldilocks pointed to this article

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Mortgage Brokers Dive into Commercial Lending | Financial Review

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Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

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Goldilocks on the Seeds of Wisdom Team™ Website

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Jim Rickards: Put on Your Crash Helmets - New Banking Meltdown Could Snowball into Global Crisis

Jim Rickards: Put on Your Crash Helmets - New Banking Meltdown Could Snowball into Global Crisis

ITM Trading:  1-19-2024

Jim Rickards, the acclaimed author of Currency Wars: The Making of the Next Global Crises, warns that the utilization of the $300 billion Russian assets will "destroy the U.S. Treasury market."

In a conversation with Daniela Cambone, Rickards delves into the intricacies of the correlation between the unemployment rate and inflation, as depicted by the Phillips curve, cautioning that this relationship can be misleading.

He emphasizes that "employment is a lagging indicator" because employers strive to avoid layoffs until desperation sets in. According to Rickards, the challenge is that by the time unemployment rises, indicating an impending recession, rate cuts may be too late.

On the waning dominance of the U.S. dollar and the rising influence of BRICS, Richards suggests that the dollar can handle the "dirty work," allowing the new BRICS currency to enjoy a "free ride on the dollar."

In conclusion, Rickards anticipates a positive trend for gold in 2024. For more insights from Richards, watch the video

 CHAPTERS:

 00:00 Recession and soft landing

4:00 Economic situation

 5:47 Fed and political

10:44 Political election

17:42 U.S. dollar/Russian

24:41 BRICS

31:47 Banking crisis

34:22 Bitcoin

36:57 Gold

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

More News, Rumors and Opinions Friday Afternoon 1-19-2024

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

KTFA:

Henig:  Vietnam poised to become financial hub

NGOC MAI 12:17, 2024/01/18

International organizations recognize Vietnam as a potential financial center with many factors converging for developing a modern financial market with high connectivity.

 Vietnam is among the countries with highly favorable conditions for developing a financial center, presenting a unique opportunity to undergo a transformative shift through technology and potentially avoid the pitfalls of poor choices made by countries that preceded it.

UBS Bank representative Claudio Cisullo shared the view at a roundtable discussion on Vietnam's financial market potential and investment opportunities held in Davos on January 17, attended by Prime Minister Pham Minh Chinh, experts and leaders of major financial conglomerates.

These factors include maintaining stable macroeconomic and political conditions, a strategically advantageous geographical location, and a significant time zone difference with 21 major global financial centers. This unique advantage is particularly significant in attracting idle capital from these financial hubs during non-trading hours.

Vietnam is progressively refining its legal framework, restructuring its financial markets (banking, insurance, securities), and attracting the attention of many investors, especially foreign investors entering the financial market, he noted.

Dr. Philipp Rösler, former Deputy Prime Minister of Germany, acknowledged Vietnam as one of the fastest developing countries in the world in recent years, emphasizing that while this is just the beginning, many nations are looking toward Vietnam with interest.

Assessing Vietnam's potential to become a financial hub and make significant strides in this field, representatives from conglomerates and banks expressed admiration for Vietnam's achievements post-Covid-19. They focused on analyzing Vietnam's potential, advantages, and the model and experience in building an international financial center.

Recommendations for Vietnam included creating the conditions and platforms necessary for building a financial center, attracting investment through legal frameworks, tax policies, energy infrastructure, information technology, transportation, skilled labor, and maintaining economic stability.

Cho Huyn-sang, Vice Chairman of Hyosung, stated that many South Korean companies are eager to establish a presence in Vietnam. With an annual revenue of US$25 billion, Hyosung has already invested $3.5 billion in Vietnam and employs around 9,000 local staff.

Considering Vietnam's investment environment as one of the most reasonable and effective, Hyosung plans to increase its investment in Vietnam by $540 million by 2024, he said.

Cho also highlighted Vietnam's strengths, including strong leadership and efficient governance from the central government, positive support from local authorities, and the diligent and serious work ethic of the Vietnamese people.

Don Lam, CEO of VinaCapital, mentioned that the Young Presidents' Organization (YPO) plans to organize a business delegation to Vietnam in February 2025, with 200-member companies interested in various fields.

At the discussion, delegates raised various questions regarding Vietnam's regulations and policies related to foreign investor ownership of credit institutions, workforce training, talent attraction, the timeline for opening the financial market to retail companies, and the implementation of the Just Energy Transition Partnership (JETP).

Minister of Planning and Investment Nguyen Chi Dung emphasized Vietnam's need for the guidance, initiatives, and collaboration of major financial institutions to build a financial center in Ho Chi Minh City.

Chairman of the Ho Chi Minh City People's Committee Phan Van Mai outlined the city's plan to become a regional financial center by 2030. The legal framework for this center will be submitted to the National Assembly this year and will be continuously updated and supplemented. The city will also enhance infrastructure, especially in District 1 and Thủ Thiêm, and focus on training and attracting high-quality human resources to meet the requirements of an international financial center.

In response to delegates' interest in the foreign investor ownership ratio, the Governor of the State Bank of Vietnam Nguyen Thi Hong stated that the ownership ratio of a foreign individual in a Vietnamese credit institution cannot exceed 5% of its charter capital. The limit is 15% for a foreign organization and 20% for a foreign strategic investor. The total ownership ratio of foreign investors cannot exceed 30% of the charter capital.

However, in special cases to restructure weak credit institutions facing difficulties and to ensure the safety of the credit institution system, the Prime Minister will decide on the ownership ratio of foreign investors on a case-by-case basis. Governor Nguyen Thi Hong pointed out that, in reality, foreign investors currently only hold around 15% of the charter capital of some banks, indicating a significant gap with the prescribed limit.

Facilitating favorable conditions for foreign investors

 For his part, Prime Minister Pham Minh Chinh highlighted that, by the end of 2023, Vietnam had attracted a total of over $468 billion in registered FDI, with around $300 billion disbursed. In 2023, individuals and economic organizations deposited around VND13,500 trillion ($550 billion) in banks, the highest so far, indicating improved incomes and people's trust.

The Prime Minister reiterated Vietnam's commitment to rapid and sustainable development based on science, technology, innovation, and digital transformation.

He added that Vietnam aims to become a developing country with a modern industry and high average income by 2030 and a high-income developed country by 2045.

The country is focusing on three strategic breakthroughs: building and improving institutions and legal frameworks; reforming administrative procedures and high-quality human resource training; and developing strategic infrastructure, especially transportation infrastructure, with a policy of "open policies, smooth infrastructure, smart management."

In addition, Chinh noted that Vietnam is renewing existing motivations such as exports, consumption, and investment, while introducing new ones like the digital, green, circular, sharing, and knowledge economies.

In particular, Chinh said the Government is intensifying efforts to combat corruption.

Vietnam seamlessly combines key policies to create a peaceful and stable political environment, social order and security, and favorable conditions for efficient and sustainable business operations,” he continued.

Chinh also emphasized the importance of international financial institutions supporting Vietnam in policy advice, promoting startups and innovation, restructuring banks, building and enhancing the national brand value, supporting infrastructure development, and training high-quality human resources.

The Prime Minister expressed the desire for global conglomerates and investment funds to share their experiences, advise on suitable development models, and propose appropriate solutions for developing a financial center in Vietnam, enhancing the financial ecosystem, improving national credit ratings, and raising standards in accounting, auditing, and financial reporting.

“The Vietnamese Government is committed to facilitating favorable conditions for foreign investors in general and Swiss investors in particular to invest efficiently and sustainably in Vietnam,” Chinh noted, adding the Government will play a constructive role, providing support, listening to opinions, and working together for mutual development, protecting the legitimate rights and interests of investors under all circumstances, avoiding criminalization of economic relations, and maintaining the spirit of "harmonious interests, shared risks," and "harmonizing interests between the State, people, and businesses."

https://m.hanoitimes.vn/vietna.....25881.html

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

Frank26  IMO those of you that deal in commodities...you saw 1.68...on the 15th.  Today you saw 3.04 on the commodity trades with the Iraqi dinar and you saw it being done in Iraqi dinars, no other foreign currency ...based on what we are seeing, they are agreeing to the future rate of the Iraqi dinar in commodities in dinars.  These are contracts...to buy or sell a specific quantity of a physical commodity at a specific price on a particular date.  Basically what you saw...IMO are Futures.

Militia Man  Article:  "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms"  Quote:  "Thursday...the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms"  After decades of involvement...the specificity of many things are likely to be known by the IMF,
exchange rate regimes be sure. For Iraq to be moving forward with all reforms ...in that there is no financing needed should  be eye opening for everyone. How does non-financing work with the IQD at 1,310 IQD to 1 USD for to pay for projects and commodities? It has not ever while with an IQD exchange rate of $.0006 or even $.0007 to the dollar. So why would it be any different now? It clearly wouldn't.

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Global Economic Turmoil a Key Trend for 2024 with Gerald Celente

WTFinance:  1-19-2024

During our conversation we spoke about the key trends Gerald are watching in 2024, "When all else fails, they will take you to war", why banks could collapse, Synthetic Devolution and why precious metals & cryptocurrencies could perform in 2024.

0:00 – Introduction

 1:44 - What trends is Gerald watching out for in 2024?

 4:28 - “When all else fails, they will take you to war”

8:35 - Middle East Meltdown

11:46 - Weakness creates conflict, not strength

 15:21 - What impact will the largest election year in history have?

19:46 - Synthetic Devolution

27:41 - Which assets to perform during this period?

36:06 - One message to takeaway from our conversation?

https://www.youtube.com/watch?v=wG82dMAz1lY

Everything Bubble to Finally Burst? Watch These 2 Signs Confirming Huge Crash Has Begun – Harry Dent

Everything Bubble to Finally Burst? Watch These 2 Signs Confirming Huge Crash Has Begun – Harry Dent

Kitco News:  1-18-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Harry Dent, founder of HS Dent, who says that the everything bubble could finally burst in 2024, triggering a meltdown in all assets except one.

Dent also explains why we haven’t seen a market selloff in 2023 and gives his projections for this year. He also highlights two signals to watch that would confirm that the massive crash has begun.

00:00 - Intro and U.S. Economic Outlook

 02:16 - Addressing Calls for 2023 Outlook

10:29 - Harry Dent's Contrarian Predictions

 13:41 - The Role of Stimulus in Shaping the Economy

18:55 - 2024 Outlook

26:02 - Bitcoin’s Market Trends and Predictions

 31:52 - Take on Gold and Treasury Bonds

38:15 - Real Estate

47:36 - U.S. Elections and Economic Implications

https://www.youtube.com/watch?v=iZNV9dB9QRw

"Tidbits From TNT" Friday Morning 1-19-2024

TNT:

Tishwash:  Al-Sudani returns to Baghdad after concluding his participation in the Davos Economic Forum

Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani returned to the capital, Baghdad, after concluding his participation in the 2024 Davos Economic Forum.

Al-Sudani’s office stated in a statement, a copy of which was received by NRT Arabic, that “Prime Minister Muhammad Shia’ al-Sudani returned to the capital, Baghdad, after concluding his participation in the 2024 Davos Economic Forum, in its 54th session, in Switzerland.”

He added that Al-Sudani participated in the dialogue session within the forum’s activities, which was moderated by the editor-in-chief of Moq.

(Politico) news journalist John Harris also held a series of meetings and conferences on its sidelines, which are the following:

- Meeting with French President Emmanuel Macron

- Meeting with the President of the Swiss Confederation, Viola Amherd

- Meeting with the Secretary-General of the United Nations, António Guterres

- Meeting with the Secretary General of the North Atlantic Treaty Organization (NATO)

- Meeting with the US National Security Advisor

- Meeting with the President of the World Bank Group

- Meeting with the Director General of the International Monetary Fund

- Meeting with the President of the European Commission

- Meeting with the President of the European Bank for Reconstruction and Development (EBRD)

- Meeting with the Saudi Ministers of Trade and Investment

- Meeting with a delegation from the International Finance Corporation (IFC).

- Meeting with the regional CEO of JP Morgan

- Meeting with the Secretary-General of the Organization for Digital Cooperation

- Meeting with the President of HKN Energy Oil Company

- Business meeting with 57 international companies specialized in oil, energy and other economic fields

- Interview with Bloomberg website

- Interview with the Wall Street Journal

link

************

Tishwash:  Baghdad wants America to withdraw, but with 5 types of military support remaining.. Sudanese advisor

Sobhan Mulla Jiyad, political advisor to the Prime Minister, said that Iraq told Washington that it wants to see America’s technological, civilizational, cultural and economic face, instead of the military face that accompanied the Iraqis for 20 years, despite the need for five types of military support remaining, stressing the agreement with the US National Security Advisor on Scheduling the withdrawal of coalition forces from the country.

Mulla Jiyad mentioned, in an interview with journalist Saleh Al-Hamdani:

Regarding the position on the international coalition, we noticed during a meeting with the US National Security Advisor that the conversation was open and frank, and there was an agreement to begin the work of the joint committee that schedules the exit of the international coalition and replaces it by building bilateral economic, cultural and social relations with the countries of the coalition.

We do not want to harm the countries of the international coalition, but the framework of dealing between Iraq and one country and between them is framed by bilateral agreements between one country and another, and also with America. We are eager to see the other side of America.

During 20 years, we have only seen the military and security face of America, and this is a face that is difficult for people to bear. So let us see the second face, which is the technological, civilizational, cultural, and economic face, through bilateral agreements with it. This matter is strongly raised with the American National Security Advisor, and also raised with the Secretary-General of NATO. NATO is strong and serious, and the issue is not the result of recent attacks.

The matter was raised since the visit of the Iraqi security delegation headed by the US Secretary of Defense, and they were told that you are an international coalition established to fight ISIS in Iraq. Now let us estimate the numbers of what remains of ISIS in Iraq and Syria. They estimated them in Iraq at about 1,500 elements, while in Syria they are 10,000, so Iraq put forward He can confront these 1,500 terrorists, and we do not need combat forces, but we only need security and intelligence aid in addition to training, development, and logistical support.

From the political side, these two issues have been decided with the National Security Advisor and the Secretary-General of NATO, and the discussions will almost certainly be placed on the agenda and developed into bilateral relations.  link 

************

Tishwash:  The Sudanese advisor speaks frankly: This is what Iraq asked of America

Sobhan Mulla Jiyad, political advisor to the Prime Minister, said that Iraq told Washington that it wants to see America’s technological, civilizational, cultural and economic face, instead of the military face that accompanied the Iraqis for 20 years, despite the need for five types of military support remaining, stressing the agreement with the US National Security Advisor on Scheduling the withdrawal of coalition forces from the country.

Jiyad added in a televised interview followed by “Earth News” that, “In the position on the international coalition, we noticed during a meeting with the American National Security Advisor that the conversation was open and frank, and there was an agreement to start the work of the joint committee that schedules the exit of the international coalition and replaces it with building bilateral economic relations.” culturally and socially with the coalition countries.”

He continued: “We do not want to harm the countries of the international coalition, but the framework of dealing between Iraq and one country and between them is framed by bilateral agreements between one country and another, and also with America. We are eager to see the other side of America.”

He pointed out that, “In 20 years, we have only seen the military and security face of America, and this is a face that is difficult for people to bear. So let us see the second face, which is the technological, civilizational, cultural, and economic face, through bilateral agreements with it, and this matter is strongly raised with the American National Security Advisor, and also put forward.” With the Secretary General of NATO strongly and seriously, the issue is not the result of recent attacks.”

Jiyad confirmed that “the matter was raised since the visit of the Iraqi security delegation headed by the US Secretary of Defense, and they were told that you are an international coalition established to fight ISIS in Iraq. Now let us estimate the numbers of what remains of ISIS in Iraq and Syria. They estimated them in Iraq at about 1,500 elements, while in Syria they are 10.” Thousands, so Iraq suggested that it could confront these 1,500 terrorists, and we do not need combat forces, but rather we only need security and intelligence aid in addition to training, development and logistical support.”

He pointed out that “from the political side, these two issues have been decided with the National Security Advisor and the Secretary-General of NATO, and the discussions will soon be on the agenda and developed into bilateral relations.” link

Mot: But - Who's Acounting!!!???

Mot: and Now We Have of All Things!!! - National Popcorn Day Jan 19

News, Rumors and Opinions Friday AM 1-19-2024

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. 19 Jan. 2024

Compiled Fri. 19 Jan. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors)

Wed. 17 Jan. TNT Tony Call: “It will be happening at a moment’s notice – the next couple of days is the target.”

Thurs. 18 Jan. Wolverine: Dubi 1 Tiers 1 and 2 are composed of 8 platforms. Dubi 2 Tier 3, Tier 4a and Tier 4b are composed of 86 platforms. We are close by a blink of an eye.

Wed. 17 Jan. Holly: Dubai 1 is the main person to go. Dubai 2 is made up of 27 groups. These two groups start all the payments globally for everyone.

Thurs. 18 Jan. Goldilocks: Iraq is planning on using a limited support system from the IMF to push their Economic Reforms out in February of 2024.

Is Gold Becoming the World’s New Reserve Currency? https://www.xtb.com/en/education/gold-reservecurrency#:~:text=While%20gold%20has%20been%20used,gold%20reserves%20in%20recent%20years.

~~~~~~~~~~

Thurs. 18 Jan. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

We heard from our source in Iraq that not only do we have an Intl and In-country rate but we also have Iraq trading that rate internationally about when markets close tomorrow Fri. 19 Jan. About 5 – 6 pm EST we should see it in the US.

Some time Sat. 20 Jan. Bond Holders should receive access to funds  – in about 48 hours time Bond Holders will be able to see what is in their accounts and get access to 10%.

Today Thurs. 18 Jan. from 11am to 2:15 the US Treasury, Wells Fargo and Redemption Centers around the US held a final Conference Call on all the information and protocols that the Redemption Centers needed. We have over 11,000/12,000 Redemption Centers around the US. They said it was the last email and last CC they would have.

We have two Very High non-related bank sources. One of our strongest sources is saying that we will have our notifications by or before Sat. 20 Jan, or they could start on Mon. 22 Jan as that is what the Redemption Centers are preparing for.

Your Quantum Account is a US Treasury non-interest bearing account. Your primary bank account will be able to earn interest. Your Quantum card will only be used to move money out of your Quantum Account.

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Wed. 17 Jan. TNT Tony Call: https://awake.activeboard.com/t70329283/tnt-tony-call-17-january/?page=1#comment-70329283

Everyone expected the release last Monday – it was not to be. Release to join the international economy required passing of one small law requiring 100% certainty they could support the new rate.

It will be happening at a moment’s notice – the next couple of days is the target.

Redemption Centers are no longer called RCs – they are NOW to be known as – “Banking Alternative Centers” They are directly connected with the banks and ALL ready to go!

Bank cards are being totally accepted by citizens. People being told they do not need actual hard currency – cards are more secure – and will be necessary for the new currency model – being told that the new currency will be in full operation within days.

Iraq 2024 budget is out – price of oil will be unchanged.

CBI is in full control of the final rate. It should be done and finished over THIS WEEKEND!!!!

ALL trade with Iraq will be done in IQD – not USD!

The IQD MUST release first – will start the change to the new world economic system

Read full post here:  https://dinarchronicles.com/2024/01/19/restored-republic-via-a-gcr-update-as-of-january-19-2024/

************

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

Militia Man  The fun part is we are watching history in the making...Saudi Arabia strongly supports  Iraq's ascension to the World Trade Organization...They've basically said Iraq has completed everything needed to be done.   Everything is just shy of announcing they have WTO ascension.  

Nader From The Mid East  The export of oil is going to go up. Tourism...go back to normal.  A lot of things will go back.  But nobody know that.  I see a lot of negative things.  Everybody is talking bullshit.  They are going to have to revalue it [the dinar]....

LIVE! This May Be A REAL BLACK SWAN! S&P WARNS AS CORPORATE DEBT DEFAULTS SKYROCKET.

Greg Mannarino:  1-18-2024

https://www.youtube.com/watch?v=iL3-ivd1qDk

The Biggest Asset Bubbles In The World | John Turner

David Lin:  1-1-8-2024

How do you spot a financial bubble and which assets are currently in bubble territory? John Turner, Professor of Finance at Queen's University, Belfast, discusses.

0:00 - Intro

2:16 - History of financial bubbles

6:50 - Are stocks in a bubble?

12:50 - Hype and bubbles

18:00 - Tech stocks

19:50 - Bitcoin

21:34 - Tulip bubble

 26:00 - How to identify a bubble

 33:10 - Housing bubbles

 37:20 - Interest rates and bubbles

 41:13 - Debt bubble

https://www.youtube.com/watch?v=HC0qM7ggGks