Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Wednesday AM 1-31-2024

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. 31 Jan. 2024

Compiled Wed. 31 Jan. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 29 Jan. Mark Z: “A number of my bond contacts are now under NDAs. We are getting a number of reports from credible people that they are now under an NDA and very aware they are about to see a massive change because of revaluations. From the bond sidethe majority of my Bond folks are expecting things to happen the last two days of the month …so that is by Wed. 31 Jan.”

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. 31 Jan. 2024

Compiled Wed. 31 Jan. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 29 Jan. Mark Z: “A number of my bond contacts are now under NDAs. We are getting a number of reports from credible people that they are now under an NDA and very aware they are about to see a massive change because of revaluations. From the bond sidethe majority of my Bond folks are expecting things to happen the last two days of the month …so that is by Wed. 31 Jan.”

Mon. 29 Jan. Wolverine: International sales will officially close tomorrow Tues. 30 Jan because the closing are already arriving and all the banking, post and transportation systems are being blocked. On Sun. 28 Jan. on a radio broadcast in Colombia a Pentecostal Group Leader said he was distributing funds to members. This group was the lynchpin to start the bond payments, it has more than 3 million members.  It has happened. That leader has about 80 thousand members, and it has started guys.

~~~~~~~~~~

Tues. 30 Jan. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

Wells Fargo sources said Tier4b (us, the Internet Group) will be notified Wed. 31 Feb. after 1:30 pm. in each time Zone. Appointments should start on Thurs. 1 Feb.

The new gold-backed USN has been out since last Thurs. 25 Jan. and being traded on the Forex started Sun. 28 Jan.

The new IQD Dinar Rate was out and also began trading on the Forex on Sun. 28 Jan.

~~~~~~~~~~~

Global Financial Crisis:

Mon. 29 Jan. Barclays Flags 40 Bank Branch Closures: https://www.yourmoney.com/saving-banking/bleak-january-as-barclays-flags-40-bank-branches-for-closure/

Mon. 29 Jan: BREAKING: China’s Decision Not to Bail Out Evergrande Sparks Global Financial Panic: Iraqi Dinar RV, Evergrande, Blackstone, BlackRock, Vanguard – Worse than 2008 Financial Crisis & The Beginning of a New Financial Era with QFS – American Media Group (amg-news.com)

Mon. 29 Jan. IT HAS BEGUN! Unveiling the US Debt Clock’s Secret Window: Old Money vs. New Money – JFK is Coming Alive, and Gematria is Already Ablaze with Speculations! – American Media Group (amg-news.com)

Mon. 29 Jan. The Department of Justice announced criminal charges against two people and the guilty plea of a third person for orchestrating a $1.9 billion cryptocurrency fraud scheme known as HyperFund.

The Securities and Exchange Commission, in a related civil action, charged two of those individuals for their involvement in the alleged crypto pyramid scheme. https://www.cnbc.com/2024/01/29/doj-and-sec-unveil-charges-in-1point9-billion-cryptocurrency-fraud-scheme.html

Tues. 30 Jan. Alert! Alert! Alert! The Dollar Ponzi Scheme A Looming Financial Catastrophe: BRICS, Gold for Oil Trade, Petrodollar System, Black Swan Event, U.S. Treasury Bonds, BlackRock and Shadow Banking – American Media Group (amg-news.com)

BREAKING: NASDAQ IS PLANNING HUNDREDS OF JOB CUTS.

Read full post here:  https://dinarchronicles.com/2024/01/31/restored-republic-via-a-gcr-update-as-of-january-31-2024/

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

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  Alaq is in the news and he's talking about the monetary reform mechanism that the CBI used to control the rate the project to delete the 3-zeros still exists.  He's saying the parallel market will come to an end soon.  FRANK: Oh my goodness! This is what we want to hear.  This is who we want to hear it from.  This is perfect.

Fnu Lnu  They do not have a massive amount of Dinar with which to deal. Small incremental increases of value over time will guarantee failure and all the many billions of dollars spent, and man-hours wasted will for naught. It is more likely they will come out high on the exchange rate and let it fall until it finds equilibrium instead of creeping upwards in 2% measures every 90 days over decades.  Meanwhile everyone loses faith in the GOI, riots, and starves to death. Small increments over time makes absolutely no sense and is illogical

Rich Dad's Kiyosaki: U.S. Dollar, Stocks, Real Estate Are All Collapsing

David Lin:  1-29=2-24

Robert Kiyosaki, best-selling author of Rich Dad Poor Dad, gives his outlook for the global economy and how investors should protect themselves against an erosion of paper wealth.

0:00 - Intro

2:45 - The end of an era

 4:50 - U.S. dollar is dying

10:29 - America’s greatest threats

12:50 - Education and money

 16:30 - Gold mines

18:27 - Career advice

20:19 - Debt and personal finance

https://www.youtube.com/watch?v=Z9zIMTfmv-I

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Advice, Economics, Personal Finance, Simon Black DINARRECAPS8 Advice, Economics, Personal Finance, Simon Black DINARRECAPS8

Good Reason For a Plan B 

Good Reason For a Plan B  SB

This Story From The 3rd Century Will Sound Quite Familiar To You

January 29, 2024  James Hickman / Simon Black

[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]

When Publius Licinus Valerianus (known as Valerian) became Roman emperor in September of 253 AD, people across the empire must have breathed a sigh of relief.

“Finally,” many Roman citizens probably thought, “There’s an adult in the room.”

The Roman Empire at that point was in the midst of its infamous ‘Crisis of the Third Century’. The Empire was recovering from a nasty pandemic known as the Antonine Plague. Inflation was soaring. Conflict with their enemies-- especially in the Middle East-- was intensifying. Social tensions were growing. Crime was rising. Trade was declining. The economy was on the ropes. Taxes were going up.

Good Reason For a Plan B  SB

This Story From The 3rd Century Will Sound Quite Familiar To You

January 29, 2024  James Hickman / Simon Black

[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]

When Publius Licinus Valerianus (known as Valerian) became Roman emperor in September of 253 AD, people across the empire must have breathed a sigh of relief.

“Finally,” many Roman citizens probably thought, “There’s an adult in the room.”

The Roman Empire at that point was in the midst of its infamous ‘Crisis of the Third Century’. The Empire was recovering from a nasty pandemic known as the Antonine Plague. Inflation was soaring. Conflict with their enemies-- especially in the Middle East-- was intensifying. Social tensions were growing. Crime was rising. Trade was declining. The economy was on the ropes. Taxes were going up.

 And there had been far too many years of political instability in the Empire prior to Valerian’s ascension.

But Valerian was a guy with decades of experience. He was a longtime Senator, plus he had previously held one of the top positions in Rome’s executive branch. So, people naturally thought he would be the solid leader that Rome needed.

Unfortunately, Valerian turned out to be a complete disaster.

Valerian continued bankrupting the Roman treasury and running sky-high deficits. He zealously demanded ideological conformity and persecuted anyone (most notably Christians) who expressed philosophical or intellectual dissent.

He promoted his son-- a moronic, free-spending playboy-- to a position of high power.

And perhaps most importantly, Valerian was completely incompetent when it came to Rome’s border, and the empire became overrun by barbarians during his rule.

By 260 AD, after seven years of Valerian’s destructive reign, Romans were fed up… especially those who lived near the border.

Fortunately, the emperor traveled East to personally supervise Rome’s war against Persia (modern day Iran), a rising power that had grown more belligerent.

So, with Valerian distracted in Iran, a Roman military officer who was in command of the empire’s key border on the Rhine River decided to take matters into his own hands.

The commander’s name was Postumus. And in 260, he fought back against the barbarian invaders who had been coming across the border for years. In fact Postumus delivered such a decisive blow that the barbarians wouldn’t dare try crossing the Rhine for another ten years.

Finally, someone had taken real action against the migrant threat after years of the Emperor doing nothing. Citizens in the border provinces (modern day France and western Germany) were thrilled.

So thrilled, in fact, that they declared independence from Rome and made Postumus their leader.

Valerian was powerless to stop it. Literally. At that point he had been captured by the Persians and spent the rest of his life in captivity. True story.

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

Obviously, this historical tale probably rings familiar to many readers. Not that we wish for Joe Biden to end up in an Iranian prison like Valerian did. But clearly the guy has a lot to answer for.

Yesterday Iran attacked a US military installation in Jordan, killing three and wounding dozens more American service members. And it’s not a one-time thing. Iran has attacked US military targets over 150 times in the past few months alone.

But the guy with decades of experience has hardly done a thing in response. The fact is that no one on the planet is intimidated by Joe Biden, who is rightfully perceived as a weak, inspired idiot with unimaginably bizarre priorities.

America’s border catastrophe is a perfect example; it’s clear the federal government isn’t doing its job to keep illegals out.

It’s also clear that the surge in migrants at the southern border has caused, at a minimum, massive financial strain in many US cities.

The federal government knows there’s a problem. Yet they do nothing about it. And they waste resources to try to prevent the State of Texas from doing anything about it.

Again-- unimaginably bizarre priorities.

It’s not just the US, either. The United Kingdom has been overrun by hundreds of thousands of pro-Palestine supporters, many of whom chant for “Jihad” and “Hamas” and advocate for Sharia law in the UK.

But the government’s priority seems to be making sure the ‘mostly peaceful’ Islamists aren’t offended by angry Brits who are shocked at what their country has become.

In Canada, police in Quebec have advised residents to NOT post camera footage of thieves stealing packages from their front porches… because we have to respect the criminals’ privacy.

Another city in Ontario allowed a 50-year-old man (who identifies as a 15-year old girl) to compete in a girl’s swim meet, with concerned parents shielding their daughters in the locker room.

These developments aren’t accidents. They don’t just spontaneously occur.

They are the deliberate result of the inspired idiots in charge who think their nation’s priority should be criminals’ privacy. Or the well-being of illegal migrants. Or 50-year men who think they’re teenage girls. Or not offending angry Islamists.

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

YOU are NOT their priority. And you never will be.

They view you as nothing more than a financial dairy cow to be milked in order to pay for their idiotic ideas. And if you question them, you get labeled as “anti-science” or “xenophobic” or some such nonsense.

I spend a lot of time writing about the economic consequences of this ‘Rule by Inspired Idiots’ (which is the dominant political system in the West, whether it’s Joe Biden or Justin Trudeau).

And the economic consequences are-a-plenty.

In the US alone, the BASELINE government forecast over the next 10-years is an additional $20 trillion in NEW debt; and I’ve written that this will likely lead to major inflation, loss of reserve status for the dollar, and other major catastrophes.

But the social consequences of Inspired Idiots are equally great and cannot be ignored.

This is why it’s critical to understand that a Plan B is more than just protecting one’s savings and investments.

It’s about taking completely rational steps to reduce social and safety risks as well.

I’m not a pessimistic person. Quite the contrary, I’m wildly optimistic about the future and opportunities to come.

But I also recognize that Rule by Inspired Idiots presents vast and growing social risks that could become much worse over the next several years.

We’ll talk about some ideas for how to get started soon.

James Hickman / Simon Black / Sovereign Man

Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/this-story-from-the-3rd-century-will-sound-quite-familiar-to-you-150032/

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Economics, Goldilocks, News DINARRECAPS8 Economics, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Tuesday Evening 1-30-24

Goldilocks' Comments and Global Economic News Tuesday Evening 1-30-24

Good Evening Dinar Recaps,

"China is rallying the Group of 77 developing countries to push for reform of the global governance system which – according to some leaders in Africa, Asia, and Latin America – disproportionately favours the West."

The IMF has a transformative role in our Global Economy. Do you remember all of the article fours that have been taking place since the pandemic began?

Each country around the world has been meeting with the IMF and preparing for a Global shift inside the new economy by getting prepared through Basel 3 requirements in their banking system.

The World Bank and IMF have a crucial role going forward in the implementation of a new BRETTONWOODS 3 agreement. 

Each country that has been meeting with the IMF have been working on creating a self-sustaining government supported by capital requirements and gold that will enable them to become a productive country on a Level Playing Field with the countries they trade with around them.

This will give them a competitive Global Currency Exchange rate capable of allowing them to trade with any country around the world.

© Goldilocks

Goldilocks' Comments and Global Economic News Tuesday Evening 1-30-24

Good Evening Dinar Recaps,

"China is rallying the Group of 77 developing countries to push for reform of the global governance system which – according to some leaders in Africa, Asia, and Latin America – disproportionately favours the West."

The IMF has a transformative role in our Global Economy. Do you remember all of the article fours that have been taking place since the pandemic began?

Each country around the world has been meeting with the IMF and preparing for a Global shift inside the new economy by getting prepared through Basel 3 requirements in their banking system.

The World Bank and IMF have a crucial role going forward in the implementation of a new BRETTON WOODS 3 agreement. 

Each country that has been meeting with the IMF have been working on creating a self-sustaining government supported by capital requirements and gold that will enable them to become a productive country on a Level Playing Field with the countries they trade with around them.

This will give them a competitive Global Currency Exchange rate capable of allowing them to trade with any country around the world. Modern Diplomacy Cryptopolitan
© Goldilocks
~~~~~~~~~~

"Today, the U.S. Department of the Treasury is using powerful tools to protect the Iraqi and international financial system from abuse by terrorist financiers, fraudsters, and money launderers."

The Office of Foreign Assets Control (OFAC) is currently involved with Iraq to make their electronic transactions safe and secure in order that the international banking system will develop a level of trust once again.

With the help of artificial intelligence, the US is currently capable of targeting people and institutions who are abusing the financial system in Iraq. The ability to sanction specific people and targets of interest through artificial intelligence takes us to a much different place than before in our ability to create a safe environment for exchanges in Iraq and those who trade with them.

These new mechanisms will be used all over the world to create specific tools targeting terrorist transactions going forward. We live in a different world my friends.   

© Goldilocks
https://home.treasury.gov/news/press-releases/jy2053

~~~~~~~~~~

The Central Bank of Iraq revealed that the US Treasury Department imposed sanctions on Al-Huda Bank of Iraq, attributing the reason to its activities in 2022.

The Central Bank of Iraq stated that the bank did not participate in the foreign currency buying and selling window during the year 2023, stressing that it is continuing to provide its services. Banking without dealing in US dollars and is allowed to deal in other foreign currencies.

Central Bank of Iraq  Information Office   30 -  CBI:  https://cbi.iq/news/view/2509

~~~~~~~~~~

The stage is being set. Protections for Iraq to have a "suitable environment for entry into the Global Economy" are continuing to develop.

Do you remember when the CBI said these words? We are bearing witness to them having been said long ago.  These were the words that were said to let us know when they were planning to move back into the international stage.  History is coming full circle and revealing itself to us in so many ways.

© Goldilocks

~~~~~~~~~~

BRICS & BITCOIN: THE DUO SET TO DETHRONE THE DOLLAR IN 2024 – MORGAN STANLEY   |   Cryptopolitan

~~~~~~~~~~

VeChain, a blockchain industry leader, has set its sights on using Distributed Ledger Technology (DLT) to transform global supply chains. As highlighted in a recent Crypto News Flash YouTube video, VeChain, which specializes in supply chain management systems, uses blockchain technology to provide decentralization, immutability, automation, and transparency to industries throughout the world.
CryptoNewsFlash Link

~~~~~~~~~~

In the realm of digital payments, India has witnessed a monumental shift, spearheaded by the Unified Payments Interface (UPI). As of December 2023, UPI recorded a staggering 857 million transactions in the current financial year, a testament to its dominant role in India’s digital payment landscape, commanding an impressive 62 percent market share in FY 2022-23. This surge in UPI transactions is a clear indicator of the country’s move towards a digitalized economy.  Jamaica Observer

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"Futures positioning indicates investors have started to buy China stocks" |  Investing
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BRICS vs G7 Iraq's Position #iqd Exchange Rate | https://youtu.be/fCwYLa0pgmA?feature=shared

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SEC likely to approve spot Ethereum ETFs on May 23: Standard Chartered | The Block

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Tuesday PM 1-30-2024

KTFA:

Clare:  Soon...an Iraqi commercial center in Jordan

1/30/2024    Baghdad: Hussein Thaghb

There was a consensus witnessed by the Iraqi-Jordanian Economic Forum to achieve serious economic integration between the two countries in the various production and service sectors, and to work to address the problems that confuse the reality of cooperation between the two countries, based on the Iraqi government’s endeavor to open up to the regional neighborhood.

Acting Minister of Trade Atheer Al-Ghurairi read out his speech and began with a great welcome to the brotherly Jordanian delegation at a time when serious work is being done to achieve integration between the Iraqi and Jordanian economies, and in light of the Iraqi government’s efforts to open up to the regional neighborhood, pointing to the agreement to open an Iraqi commercial center in the Jordanian capital, Amman,

KTFA:

Clare:  Soon...an Iraqi commercial center in Jordan

1/30/2024    Baghdad: Hussein Thaghb

There was a consensus witnessed by the Iraqi-Jordanian Economic Forum to achieve serious economic integration between the two countries in the various production and service sectors, and to work to address the problems that confuse the reality of cooperation between the two countries, based on the Iraqi government’s endeavor to open up to the regional neighborhood.

Acting Minister of Trade Atheer Al-Ghurairi read out his speech and began with a great welcome to the brotherly Jordanian delegation at a time when serious work is being done to achieve integration between the Iraqi and Jordanian economies, and in light of the Iraqi government’s efforts to open up to the regional neighborhood, pointing to the agreement to open an Iraqi commercial center in the Jordanian capital, Amman,

While I called for unifying efforts to advance the economy in Iraq and Jordan, calling for accelerating the opening of the Jordanian Trade Center at the Baghdad International Fair to be a stable platform for displaying Jordanian products.

He pointed out that the government’s directions emphasize the trend towards achieving economic development by adopting advanced work mechanisms that are of real benefit to the country, pointing out that the forum represents a real opportunity to achieve economic integration between the two brotherly countries, and we urge all parties in the public and private sectors to benefit from this forum and enhance cooperation in Various economic fields, especially in detail promoting joint investments and developing trade between the two countries.

As for the representative of the Jordanian private sector, Raed Hamada, he confirmed that the Iraqi market is the most important in the region, and today we are working to increase exports and imports between the two countries.
He pointed out that efforts will continue to contain the challenges that confuse joint action and find effective solutions for them, and that there will be real care for the economic interests of the two countries, and strengthening the role of the private sector in order to achieve sustainable economic development.

Chairman of the Federation of Chambers, Abdul Razzaq Al-Zuhairi, said: The presence of the brothers from Jordan with their advanced efforts in Baghdad, with a sincere desire to achieve business integration and expand the circle of cooperation, and this represents a step that raises hope for a promising future, especially with the increasing numbers of economic delegations that have come to Iraq.

He stated that the recovery of the Iraqi economy would bring a direct benefit to the economies of the region and the world, as it is important at all levels, and this is recognized by the economic system regionally and internationally, pointing out that “our ambition for the presence of the brotherly Jordanian delegation is to be a real start for achieving the Arab customs union and the Arab free market.” And the strategic partnership.

Director General of the Bank of Jordan, Saleh Rajab Hammad, said: Iraq is considered a very broad investment environment due to political and security stability, support for the private sector and considering it a strategic partner for the development of the state, as well as improving infrastructure and enacting strong laws to combat money laundering.

 Iraq has also taken a serious and strong approach to support The investment environment and the development of a flexible investment law that supports foreign and domestic investments, and the adoption of modern technologies to contribute to the development of Iraq and expand and diversify its production and service base.

He said, “Our approach at the Bank of Jordan to be present in brotherly Iraq was launched from the lofty royal visions to ensure economic growth and provide the appropriate environment for growth in its various economic, social and political dimensions.” To integrate into the global economy in general and in the Arab world in particular, the bank seeks, within its strategic vision, to expand its business model in regional expansion and expansion.

The specialist in economic affairs, Mohsen Kateh Al-Hamidawi, said: We value and appreciate the Hashemite Kingdom of Jordan’s approach to working to strengthen the bonds of cooperation between the two countries, which stems from their historical interdependence, in the hope of strengthening trade cooperation in light of the government’s directions aimed at diversifying the local economy.

He pointed out the importance of joint projects between the two countries, as well as the possibility of cooperation in many aspects of the Iraqi market, the opportunities available in the liberated areas and in general projects.

 He stated that “the forum carries a lot of importance, as it enhances real cooperation between the two countries, and it is possible to create bilateral partnerships that achieve the highest levels of economic feasibility for the two neighbors.” who have important commonalities, especially since Iraq has witnessed development in a number of its economic aspects, the most important of which is the financial sector, which has begun to adopt advanced technology in many of its aspects.

In turn, the organizer of the forum, Dr. Ruaa Arabiyat, confirmed that when the content of the forum is based on “economic integration,” here we mean Strengthening economic integration between the two brotherly countries, which represent two lungs in one healthy and solid body, pointing out that our existence as one family works to arrange courses of action and improve performance in a manner commensurate with the capabilities of the two countries, as the Hashemite Kingdom of Jordan possesses advanced technology in many economic sectors that it can employ. In Iraq to advance the economy in production and service aspects.   LINK

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

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  Sudani says Iraq is on the verge of transformation process.  FRANK:  Transforming from a program rate to a sovereign national rate...Everyday Sudani is pointing in the direction of your new exchange rate or your new national currency.  Everyday he tells you there's a transaction, yeah from a program rate to an international rate. 

Mnt Goat   Article:  "NATO CONFIRMED TODAY, TUESDAY, THAT IRAQ IS A REGIONAL LEADER IN THE REGION AND IS TODAY MORE SECURE AND STABLE"  Quote:  "...the NATO mission is an advisory mission, not a combat mission, and that Iraq is a regional leader in the region, and is safer today and stability."   This was nice to hear that they believe Iraq is SAFER and STABLE. This is what we need.

Situation Critical: ECONOMIC MELTDOWN AND GLOBAL WAR... IMPORTANT UPDATES.

Greg Mannarino:  1-30-2024

https://www.youtube.com/watch?v=Q2s84lzEEXk

Mega FED CHAOS, GOLD WINS | Danielle DiMartino Booth & Matthew Piepeburg

Soar Financially:  1-30-2024

The FED is causing chaos and extreme volatility in the markets.

The FED pivot is wreaking havoc and gold stands to profit. In this riveting roundtable with some financial market heavyweights, we discuss Powell's dovish comments, market outlook, and lagging leading indicators.

 Market Crash Ahead?!

https://www.youtube.com/watch?v=UVXJT1CwuIM

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Economics, Chats and Rumors Dinar Recaps 20 Economics, Chats and Rumors Dinar Recaps 20

The Sound Money Act : R.C. Williams and Julianna Ormond

R.C. Williams and Julianna Ormond: The Fight Between Economic Freedom and Slavery

Palisades Gold Radio:  1-25-2024

Tom welcomes R.C. Williams and Juliana Ormond to the show to discuss the implementation of the Sound Money Act. Deriving authority from Article 1, Section 10 of the US Constitution, the Act will enable states to mint their own gold and silver currency, thereby reducing dependence on federal fiat money.

To guarantee successful implementation, the precious metals must be declared as legal tender and be functional in transactions, just like debit cards.

Williams and Ormond foresee Florida, Texas, Utah, South Carolina, Oklahoma, Missouri, and New Hampshire as the states most likely to accept the Act.

 The states' chief financial officers will manage the system, with technological support from tech firms.

The Sound Money Act, backed by precious metals, presents wealth protection and growth opportunities. They caution this new system should complement, not replace, conventional fiat currencies.

 This precious metal-backed system has prime potential to inhibit unlawful financial activities and money laundering due to improved transparency and accountability.

Moreover, it provides a check on government towards greater restraint over their fiscal activities.

 Successful implementation of the Sound Money Act requires strong legislative backing. In Florida, this backing is accomplished by winning support from key political figures.

Challenges are foreseen, but the procedure is expected to boost state sovereignty and monetary freedom.

The states' rights, as defined by the 9th and 10th Amendments, empower them to independently manage themselves and secure citizens' interests, even when facing federal intervention.

 The group anticipates that if a significant number of states adopt gold and silver as legal tender, it could press the Federal Reserve into critical discussions leading to ideological and practical dilemmas.

This could eventually address the debt issue. To help citizens voice their opinions on the matter, the group has initiated the Watchmen Action platform to provide resources required for engaging in research, narrative development, and legislative outreach.

The aim is to rally leaders toward valuable public changes despite facing opposition from those entrenched in the current economic structures

. Time Stamp References:

 0:00 – Introduction

 0:35 - The Sound Money Act

2:23 - Metals Taxation

 3:50 - Leading Key States

 6:17 - Texas State Depository

7:45 - Debit Card Solution

10:50 - Metals Vs. Dollars

13:32 - Fiscal Accountability

15:25 - Role & Legislatures

19:16 - Louisiana Keynote

20:34 - Federal Confiscation?

 23:50 - Watchman Action

25:37 - Grassroots Resources

 30:07 - Wrap Up

Talking Points From This Episode

 - The Sound Money Act aims to allow states to mint their own gold and silver currency, reducing dependence on federal fiat money.

 - The precious metal-backed system can enhance transparency, accountability, and personal financial control while deterring unlawful activities

. - Adoption of gold and silver currency by multiple states could potentially drive discussions and address the debt issue.

https://www.youtube.com/watch?v=mGsIx0clbZQ

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News, Goldilocks, Economics DINARRECAPS8 News, Goldilocks, Economics DINARRECAPS8

Goldilocks' Comments and Global Economic News Tuesday AM 1-30-24

Goldilocks' Comments and Global Economic News Tuesday AM 1-30-24

Good Morning Dinar Recaps,

"Today, the U.S. Department of the Treasury is using powerful tools to protect the Iraqi and international financial system from abuse by terrorist financiers, fraudsters, and money launderers."

The Office of Foreign Assets Control (OFAC) is currently involved with Iraq to make their electronic transactions safe and secure in order that the international banking system will develop a level of trust once again.

With the help of artificial intelligence, the US is currently capable of targeting people and institutions who are abusing the financial system in Iraq. The ability to sanction specific people and targets of interest through artificial intelligence takes us to a much different place than before in our ability to create a safe environment for exchanges in Iraq and those who trade with them.

These new mechanisms will be used all over the world to create specific tools targeting terrorist transactions going forward. We live in a different world my friends.    

© Goldilocks
~~~~~~~~~~

Goldilocks' Comments and Global Economic News Tuesday AM 1-30-24

Good Morning Dinar Recaps,

"Today, the U.S. Department of the Treasury is using powerful tools to protect the Iraqi and international financial system from abuse by terrorist financiers, fraudsters, and money launderers."

The Office of Foreign Assets Control (OFAC) is currently involved with Iraq to make their electronic transactions safe and secure in order that the international banking system will develop a level of trust once again.

With the help of artificial intelligence, the US is currently capable of targeting people and institutions who are abusing the financial system in Iraq. The ability to sanction specific people and targets of interest through artificial intelligence takes us to a much different place than before in our ability to create a safe environment for exchanges in Iraq and those who trade with them.

These new mechanisms will be used all over the world to create specific tools targeting terrorist transactions going forward. We live in a different world my friends.    

© Goldilocks

https://home.treasury.gov/news/press-releases/jy2053

~~~~~~~~~~

CHICAGO--(BUSINESS WIRE)--Federal Reserve Financial Services today announced the launch of FedDetect Anomaly Notification for FedACH® Services, a new risk management service that helps financial institutions identify anomalous activity and supplement their fraud detection and alerting tools. This new addition to FedACH Risk® Management Services allows financial institutions to receive notifications via secure email when anomalous FedACH activity is detected.

“This service will put timely information into the hands of financial institutions about anomalies that arise in day-to-day FedACH transactions,” said Mark Gould, FRFS chief payments executive. “We know our customers are increasing their investment in risk management tools, and we’re excited to offer another solution at no additional cost that helps them quickly address potential fraud and improve operational efficiency.”  BusinessWire

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A Paradigm Shift in Estate Planning: The Fully Decentralized Blockchain Trust™ - Newstrail

In a groundbreaking leap forward, the Blockchain Trust™ has transitioned from a visionary concept to a fully Decentralized reality, ushering in a new era of estate planning and asset protection. This innovative platform blends the timeless principles of a traditional trust with the cutting-edge capabilities of blockchain technology, presenting a secure, adaptable, and private solution for managing estates in the digital age.

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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 & Brown

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"Tidbits From TNT" Tuesday 1-30-2024

TNT:

Tishwash:  The Bank of Jordan links Iraq through an electronic system with four Arab countries

The Bank of Jordan announced, today, Tuesday, the opening of its branch in Iraq, confirming that Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq.

The General Manager of the Bank of Jordan Group, Saleh Hammad, told the Iraqi News Agency (INA): “Iraq includes a strategic investment market that has all the elements of a successful investment, so we are keen to be present in this market that leads to joint investments between Iraq and Jordan.” .

He explained, "Joint investments need financial products and services that meet all the requirements of various segments of businessmen, investors, and companies. Therefore, the value that any external institution will add to Iraq is the new technology that it can introduce on the basis of providing financial services."

TNT:

Tishwash:  The Bank of Jordan links Iraq through an electronic system with four Arab countries

The Bank of Jordan announced, today, Tuesday, the opening of its branch in Iraq, confirming that Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq.

The General Manager of the Bank of Jordan Group, Saleh Hammad, told the Iraqi News Agency (INA): “Iraq includes a strategic investment market that has all the elements of a successful investment, so we are keen to be present in this market that leads to joint investments between Iraq and Jordan.” .

He explained, "Joint investments need financial products and services that meet all the requirements of various segments of businessmen, investors, and companies. Therefore, the value that any external institution will add to Iraq is the new technology that it can introduce on the basis of providing financial services.

He continued, "Financial services are not limited to technological luxury, but have become one of the basics of financial institutions, to improve their services and digital transformation, to meet customers' needs around the clock."

He pointed out that "the Bank of Jordan seeks, through its presence in Iraq, to ​​meet the needs of its customers, whether Iraqis or Jordanians, by exploiting its network and electronic systems in the region of the Arab countries in which it is located."

He stated, “The Bank of Jordan is present in many Arab countries, including Iraq, Palestine, Bahrain, and Syria, and now we are in the process of opening a branch in the Kingdom of Saudi Arabia. Therefore, we see that there is integration and trade exchange between these countries in an electronic system, where the customer or investor can view... This system and the exchange of his money very easily,” stressing that “there are continuous efforts to improve the system existing at the Bank of Jordan.” 

Hammad stressed that "the Bank of Jordan can implement the electronic system in Iraq."
He pointed out that "there is joint cooperation with the Iraqi banking sector and the Governor of the Central Bank, and previous conferences were held between the Jordanian banking sector and the Iraqi banking sector, in order to improve the infrastructure and electronic services in Iraq."
He continued: "There were great joint efforts to provide support through existing expertise in Jordan, such as (Kalak) services, paying electronic bills, providing all requirements, and other services."

He pointed out that "the Central Bank of Iraq is making great efforts to develop the banking sector in Iraq, as it has taken a serious and strong approach to modify the system, and I believe that they are moving at a very good speed to shorten the time gap, to reach the ranks of developed countries with these services."

He believes that “one of the large, promising markets is the trade exchange between Iraq and Jordan, due to the geographical proximity between the two countries, so shipping and transportation operations are very easy, and this is what we seek in economic integration, which could generate a nucleus for investments that can compete in the Arab region.” link

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

Tishwash:  Al-Sudani renews his call for Tunisian companies to invest in Iraq

Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani called on Tunisian companies to participate in projects, investment opportunities, and infrastructure construction in Iraq, while stressing the importance of economic integration and the success of the upcoming Iraqi-Tunisian committee meetings in Baghdad.

The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani received the Ambassador of the Republic of Tunisia to Iraq, Shukri Al-Latif, where, during the meeting, they discussed the horizon of joint cooperation between the two brotherly countries, and ways to strengthen relations at various levels and fields, in a way that would benefit "In the interest of the Iraqi and Tunisian peoples."

Ambassador Shukri Latif conveyed the greetings of Tunisian Prime Minister Ahmed Saleh Al-Hashani to Al-Sudani, his appreciation for Iraq’s positions, and the sincere desire to expand the strategic partnership and strengthen friendship between the two countries, which Tunisian President Kais Saied espouses, according to the statement.

He also conveyed to Al-Sudani a written message from Al-Hashani, which included sending an official invitation to the Prime Minister to visit Tunisia, in order to discuss ways to diversify areas of cooperation, raise them to the highest levels, and confirm the trend towards constructive joint work.

The Prime Minister expressed his "appreciation for the invitation and responding to it as soon as possible," stressing "the importance of mutual support in international forums and Tunisia's position on the Palestinian issue."

Al-Sudani also renewed his "invitation to Tunisian companies to participate in projects, investment opportunities, and infrastructure construction in Iraq, and the importance of economic integration and the success of the upcoming Iraqi-Tunisian committee meetings in Baghdad."    link

Tishwash:  Central Bank of Iraq: Sanctions on Al-Huda Bank due to its activities in 2022

The Central Bank of Iraq revealed that the US Treasury Department imposed sanctions on Al-Huda Bank of Iraq, attributing the reason to its activities in 2022.

The Central Bank of Iraq stated that the bank did not participate in the foreign currency buying and selling window during the year 2023, stressing that it is continuing to provide its services. Banking without dealing in US dollars and is allowed to deal in other foreign currencies.

Central Bank of Iraq
Information Office
30 - January – 2024  link

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

CandyKisses:  Red Sea crisis delays supplies 10-15 days in Barcelona port

Economy News Follow

The head of the port of Barcelona said on Monday that the arrival of ships is delayed for between ten and 15 days in the Spanish port because they have to circumvent Africa to avoid possible attacks in the Red Sea.

He told reporters that the delay was affecting ships carrying all kinds of goods and cargo, including liquefied natural gas.

Barcelona is one of Spain's largest ports with terminals handling LNG cargoes.

Since December, shipping companies have diverted hundreds of ships to the Cape of Good Hope route around Africa to avoid Houthi attacks. The journey around Africa takes ten to 14 days longer and is more expensive compared to passing through the Red Sea and the Suez Canal.

The attacks target a corridor that handles about 15 percent of global shipping traffic as a vital channel between Europe and Asia.

Mot: . Letting the ""Wee Folks"" in on the Reality of Life!!!

Mot: ... You Can Count on ole ""Mot"" fer Tips on Family Planning!!

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News, Rumors and Opinions Tuesday Morning 1-30-2024

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. 30 Jan. 2024

Compiled Tues. 30 Jan. 2024 12:01 am EST by Judy Byington

Global Economic Crisis:

Evergrande ordered to liquidate. Shares dropped off a cliff and then trading suspended. Evergrande bonds will be officially worth ZERO. Liquidity/collateral/margin crisis incoming.

BREAKING: A Hong Kong court has ruled that Evergrande, China’s largest real estate developer, must be liquidated. The stock is now down another 20% today on the news and trading has been halted. Evergrande is now considered the most indebted property developer in the world. This comes at a time when China’s HY Real Estate Index is down 85% in 2 years. China is also preparing hundreds of billions in economic stimulus along with considering a ban on short selling. What is happening in China?

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. 30 Jan. 2024

Compiled Tues. 30 Jan. 2024 12:01 am EST by Judy Byington

Global Economic Crisis:

Evergrande ordered to liquidate. Shares dropped off a cliff and then trading suspended. Evergrande bonds will be officially worth ZERO. Liquidity/collateral/margin crisis incoming.

BREAKING: A Hong Kong court has ruled that Evergrande, China’s largest real estate developer, must be liquidated. The stock is now down another 20% today on the news and trading has been halted. Evergrande is now considered the most indebted property developer in the world. This comes at a time when China’s HY Real Estate Index is down 85% in 2 years. China is also preparing hundreds of billions in economic stimulus along with considering a ban on short selling. What is happening in China?

https://x.com/kobeissiletter/status/1751805535924478140?s=46

Mon. 29 Jan. BREAKING: China’s Decision Not to Bail Out Evergrande Sparks Global Financial Panic: Iraqi Dinar RV, Evergrande, Blackstone, BlackRock, Vanguard – Worse than 2008 Financial Crisis & The Beginning of a New Financial Era with QFS – American Media Group (amg-news.com)

How much property is owned by the giant Chinese Evergrande Real Estate company, let alone stocks, shares, other companies and banks? Who owns their debt? UBS and HSBC Banks and the Cabal’s BlackRock are the primary purchasers of Evergrande’s debt – meaning that a small issue could trigger a massive global financial crisis.

What banks are affected by Evergrande? HSBC, StanChart may face secondary shockwaves from Evergrande crisis –analysts. Banks face wider hit to trading, wealth management lines. HSBC and Standard Chartered seen as most likely impacted. Banks say no direct exposure, limited second order impact. Insurers face volatility in investment portfolios. https://www.reuters.com HSBC, StanChart may face secondary shockwaves from Evergrande crisis https://www.google.com/url

Evergrande court ordered to be liquidated: Do you know what this means for Hedge Funds & Big Banks? Do you know what this means for your new economy? Do you know what this means for the 1871 US Corp? Do you know what this means for the Rothschilds banking system? Do you know what this means for the fiat USD? Do you know what this means for warmongering aristocrats? Do you know what this means for the Federal Reserve? Do you know what this means for the IRS? Do you know what this means for the new Republic? Do you now understand what I told you when your freedom starts with the collapse of the fiat dollar? Do you now understand why Iraq had been waiting to release the new exchange rate?

Liquidity Crisis Impact on Government & Banks | Funds get costlier as liquidity crisis drags on. https://www.thedailystar.net/business/economy/news/funds-get-costlier-liquidity-crisis-drags-3529806

After seizing $100 million in gold in Niger that was heading to Dubai, the head of the Transitional Military Council in Niger, Abderrahmane Tiani, stops all gold exploration activities in the country until further notice.

Banks admit the COLLAPSE is coming and they don’t want YOU to know about it: https://prepareforchange.net/2023/02/22/banks-admit-the-collapse-is-coming-and-they-dont-want-you-to-know-about-it/

Restored Republic:  (RUMORS)

Sun. 28 Jan. Bearded Patriot USA: Prepare For The Event: https://t.me/Bearded_PatriotsUSA/14254  https://t.me/Bearded_PatriotsUSA/14255

EBS = Emergency Broadcast System (The Cabal’ old emergency system) 
EAS = Emergency Alert System (The White Hat new emergency system hooked up to Starlink) 

There are massive Cyber Attacks coming to shutdown Earth. Trains & Planes will be grounded, halted.

What follows the Event is the Activation of EBS (EAS) & a 10 Day Worldwide Movie – a ten day shutdown of Earth and Activation of Military EBS to TVs & Radio’s WorldWide.

At the same time all Governments Worldwide will be stood down as well as further arrests.

We will then be having GESARA Blockchain Elections. We will be having govts 10% the size of what they are currently. All new people.

QUANTUM GESARA. Quantum Financial System, Quantum Voting System, Quantum Healing, Quantum Physics. Quantum Internet. Everything is going Quantum.

Nesara states Rainbow “Treasury” Notes backed by precious metals

Adding Quantum Starlink & ISO20022 Internationally Regulated USA Coins also backed by metals.

MOAB = Global Currency Reset (1955) + Precious Metal Standard + Quantum Gesara + DECLAS of Everything on Earth.

Read full post here:  https://dinarchronicles.com/2024/01/30/restored-republic-via-a-gcr-update-as-of-january-30-2024/

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

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

Nader From The Mid East  Algeria is big and has a lot of assets but they have a lot less than Iraq and their dinar is stronger than Iraqi dinars.  If you look a the Tunisian dinars, Tunisia has nothing...and their dinars are 3 to 1 - Three dinars to $1.  My point is these people has nothing.  They're coming out a revolution.  They is a mess.  It's completely a mess.  They lost a lot.  The private sector is a mess and it's [their dinar] is still strong.  Iraq, this rate is still a punishment rate...They have to revalue.  If they revalue they're going to revalue 1 to 1.

Frank26  They are removing the dollar.  It's only used in 3 different ways.  The government of Iraq will use the dollar as they see fit.  The Iraq citizens if they want to buy medicine can go to a bank and receive American dollars for their dinars...The last way the Iraqi dinar will be used is Iraqi citizens can go to a bank...and take dollars out if they prove they are traveling abroad and need the dollar...The dollar is being ignored/pushed aside...All the things the Iraqi dinar has been punished for 20 years, now the dollar will have the same symptoms...Whereas the dinar will gain security and stability because everybody will be using it.

No sanctions on Iraq Ivan, and us alone

Nader:  1-29-2024

Nelson discussed ways to protect Iraqi and international financial systems from criminal, corrupt and terrorist bodies.

Nelson meets with senior officials led by Mohammed Shia Al-Sudani

WASHINGTON – A senior official in the US Treasury Department in Iraq discussed the file of Iran’s evasion of sanctions and held the financial sector in the country to be compatible with international standards, referring to efforts to curb the smuggling of the dollar to Tehran, as this comes amid great tension in the region, especially the killing of American soldiers near the Jordanian-Syrian border as a result of attacks believed to be from militias loyal to Tehran.

A Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson, the ministry’s top sanctions official, traveled to Iraq on a visit that began on Sunday and lasted until Monday, where he met with senior Iraqi officials, including Prime Minister Mohammed Shia al-Sudani, as part of ongoing work to combat illicit financing, a U.S. State Department spokesman said.

https://www.youtube.com/watch?v=fUi_5OUZRGQ

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More News, Rumors and Opinions Monday PM 1-29-2024

TNT:

CandyKisses:  Court ruling to liquidate "Evergrande", China's largest real estate company

Economy News Follow

A Hong Kong court on Monday ordered the liquidation of China's Evergrande Group, China's largest developer, over its high indebtedness, dealing a blow to investor confidence in the Chinese economy.

This came in a statement issued today by the city's Supreme Court, after the Chinese real estate giant and its external creditors failed to agree on how to restructure the company's massive debt and financial obligations of $ 333 billion.

The statement quoted Judge Linda Chan in the ruling: "It seems to me that the interests of the creditors will be better protected if the court liquidates the company, so that the independent liquidators can take control of the company."

TNT:

CandyKisses:  Court ruling to liquidate "Evergrande", China's largest real estate company

Economy News Follow

A Hong Kong court on Monday ordered the liquidation of China's Evergrande Group, China's largest developer, over its high indebtedness, dealing a blow to investor confidence in the Chinese economy.

This came in a statement issued today by the city's Supreme Court, after the Chinese real estate giant and its external creditors failed to agree on how to restructure the company's massive debt and financial obligations of $ 333 billion.

The statement quoted Judge Linda Chan in the ruling: "It seems to me that the interests of the creditors will be better protected if the court liquidates the company, so that the independent liquidators can take control of the company."

In 2021, Evergrande defaulted, sparking a real estate crisis in the Chinese economy, the effects of which are still reeling today.

Today, the Chinese stock market faced volatility in its indices due to the court decision, while the market lost about $ 6 trillion in the market value of listed companies, since its peak in February 2021.

Chinese developers face outstanding liabilities of $100 billion this year, and the financing arms of local governments also have $650 billion in outstanding debt, according to official data.

 ************

Tishwash:  Military(Iraqi) expert: America will not leave Iraq without a long-term security agreement

Military expert Sarmad Al-Bayati confirmed the impossibility of the withdrawal of American forces without concluding a strategic security agreement with Iraq, noting that the Iraqi airspace is exposed and America can never leave it without sovereignty.

 The Iraqi military expert, Sarmad Al-Bayati, said in a statement followed by Mawazine News: “There is a big difference in the statements between Iraq and the United States, and some may be confused about what is happening, despite what was announced about the formation of an American-Iraqi military committee to sit with the international coalition.” ".

Al-Bayati added: “But those sitting on the Iraqi side in this committee are figures who have nothing to do with the issue of the withdrawal of coalition forces, including the Federal Police, whose work is linked to NATO, so they focused in the meeting on assessing the threat of ISIS and operational training, in addition to the most important One point, which is to strengthen Iraqi armed capabilities.”

The military expert stressed that "it is impossible for any withdrawal of international coalition forces to take place if the strengthening of armed capabilities and control of Iraqi airspace is not completed. Therefore, cooperation continues with the coalition, and even if a withdrawal occurs, the American forces will take a long time on this matter."

Al-Bayati stressed, "The American forces will not leave Iraqi airspace uncontrollably, so there will certainly be a strong security agreement between Baghdad, Washington, and the international coalition, and it is not easy to leave Iraq an easy prey for ISIS."
The Iraqi expert explained, "The Americans actually work in Iraqi military bases as advisors, but there are other forces to protect them, and thus their secrets and policies in the region remain with them. It is not easy to know their true number in Iraq, because they do not give their combat position to any party."

Al-Bayati ruled out that there would be any forced exit of the international coalition forces from Iraq, because the matter would have a negative impact on the entire country. Therefore, no forced evacuation of them would occur, but rather after assessing the situation regarding the extent of the threat and danger of ISIS.

American forces returned to Iraq in 2014 as part of the international coalition forces, at the request of the Iraqi government to support them in confronting ISIS, which invaded a large part of the lands in the north and west after the collapse of the Iraqi army units. link

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

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

Militia Man   Germany had a marshal plan.  Japan had a marshal plan.  Iraq to me is a Marshal Plan. What does that mean?  It means after the war they're going to rebuild the country.  After Germany, rebuilt.  After Japan, rebuilt.  And what did they become?  Economic powerhouses...Is Iraq going to be the economic powerhouse in the Middle East?  ...That's what it looks like.  Who helped them get there?  ....United States of America...United Kingdom...Canada...Japan...Korea, everybody...

Militia Man  An investment budget it's not going to work at 1310.   They don't have enough dinar to do that...The project is to delete the zeros off the exchange rate.  Once they have done that, they've applied the Real Effective Exchange Rate they're going to have to do things differently.  The world knows that.  WTO...Bank of International Settlements ... IMF...US Treasury...US Fed - everybody seems to be the ones that are knowing it but they just haven't quite done it yet or are they working to finish a process that is highly complex? That's my opinion...

LIVE! A DEAD SYSTEM... And THEIR KEY To A NEW ONE. Its ALL UNFOLDING RIGHT NOW...

Greg Mannarino:  1-29-2024

https://www.youtube.com/watch?v=Du1d2myKQg0

Vince Lanci: Jim Grant On The Role of Gold As Money

Arcadia Economics:  1-29-2024

While most of the financial world is not thinking about it yet, we're in the midst of a change in the global monetary system. The safety of the US treasury as the reserve asset is being called into question, as central banks and a growing list of well-known investors are shunning the treasury in favor of gold.

And in today's show, Vince Lanci looks at a recent column by legendary investor and analyst Jim Grant, that talks about the role gold has held, how it's currently viewed, and why that's changing.

https://www.youtube.com/watch?v=7RUcQ9a-YzA

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JPMorgan Chase, Citibank and Goldman Sachs Drafting Landmark Lawsuit Against Federal Reserve: Report

JPMorgan Chase, Citibank and Goldman Sachs Drafting Landmark Lawsuit Against Federal Reserve: Report

Daily Hodl Staff
January 28, 2024

A group of America’s biggest banking titans are considering whether they should pull a shocking move – suing the U.S. Federal Reserve.

JPMorgan Chase, Citibank and Goldman Sachs are on the list of major banks that, using their trade group, have hired one of the best conservative trial lawyers in the country to draft the lawsuit, reports Semafor.

Eugene Scalia, son of the former Supreme Court justice Antonin Scalia, is spearheading the legal effort, which would aim to eliminate proposed rules that would force banks to increase the amount of cash they have on hand.

JPMorgan Chase, Citibank and Goldman Sachs Drafting Landmark Lawsuit Against Federal Reserve: Report

Daily Hodl Staff
January 28, 2024

A group of America’s biggest banking titans are considering whether they should pull a shocking move – suing the U.S. Federal Reserve.

JPMorgan Chase, Citibank and Goldman Sachs are on the list of major banks that, using their trade group, have hired one of the best conservative trial lawyers in the country to draft the lawsuit, reports Semafor.

Eugene Scalia, son of the former Supreme Court justice Antonin Scalia, is spearheading the legal effort, which would aim to eliminate proposed rules that would force banks to increase the amount of cash they have on hand.

 “[Scalia] is quietly drawing up a lawsuit seeking to block the proposed rules on behalf of the Bank Policy Institute, a trade group that represents JPMorgan, Citibank, Goldman Sachs, and others, people familiar with the matter said.

It would be the first time in recent memory that the industry has sued the Fed, and a departure from standard halls-of-power persuasion efforts that try to avoid antagonizing its chief regulator.

The Fed wants banks to hold an additional 20% in cash on their balance sheets. The move is designed to ensure they have enough capital to withstand concerns about liquidity and avert the types of bank runs that ripped through the banking sector one year ago.

But the banks say the rules are far too strict, citing an internal analysis that shows they would actually be forced to keep 30% in cash on hand.

Scalia says the Fed has plenty of explaining to do.

“As a matter of legal process, it’s not going to be enough to say that a bunch of regulators got together in Switzerland, and this rule is what they brought down from the mountain.

The agencies have to do their own work, explaining why these new requirements are properly calibrated, and why their benefits are worth the costs. This proposal doesn’t do that.”

Banks across the US continue to face significant losses on bonds.

And although banks can simply hold bonds until they mature, they can become an extreme liability when banks need an injection of liquidity.

A recent report from the Federal Deposit Insurance Corporation (FDIC) found the total number of unrealized securities losses in the banking system is now pegged at $684 billion.

Source: The Daily Hodl

https://dinarchronicles.com/2024/01/28/jpmorgan-chase-citibank-and-goldman-sachs-are-drafting-a-lawsuit-against-the-federal-reserve/

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"Tidbits From TNT" Monday 1-29-2024

TNT:

Tishwash:  A Sudanese meeting recommends structuring government companies and reforming them financially and economically

A meeting held by Prime Minister Muhammad Shiaa Al-Sudani, on Sunday, came out with decisions to carry out comprehensive reforms to government companies and structure them to strengthen the Iraqi economy.

The Sudanese media office stated in a statement received by Shafaq News Agency, that the latter chaired the second meeting to follow up on the process of structuring and organizing government companies.

At the beginning of the meeting, Al-Sudani pointed out the importance of this process and the role it represents in the essence of economic reform, subjecting companies to correct economic foundations and standards, stressing that this step lies at the core of the strategic goal of increasing the contribution of non-oil revenues to national output and income.

TNT:

Tishwash:  A Sudanese meeting recommends structuring government companies and reforming them financially and economically

A meeting held by Prime Minister Muhammad Shiaa Al-Sudani, on Sunday, came out with decisions to carry out comprehensive reforms to government companies and structure them to strengthen the Iraqi economy.

The Sudanese media office stated in a statement received by Shafaq News Agency, that the latter chaired the second meeting to follow up on the process of structuring and organizing government companies.

At the beginning of the meeting, Al-Sudani pointed out the importance of this process and the role it represents in the essence of economic reform, subjecting companies to correct economic foundations and standards, stressing that this step lies at the core of the strategic goal of increasing the contribution of non-oil revenues to national output and income.

The meeting came up with a number of decisions that included general principles for proceeding with the financial and economic reform and structuring of companies, in a way that strengthens the national economy and its stability. link

Tishwash:  Parliamentary Oil: Kurdish obstacles prevent the resolution of the “Oil and Gas” law

Kazem Al-Touki, a member of the Parliamentary Oil and Gas Committee, confirmed on Monday that the Kurds have placed obstacles to resolving and ending the oil and gas law and handing it over to Parliament for reading and voting on it.

Al-Touki told Al-Maalouma, “Members of the Oil and Gas Committee communicated and moved towards the political parties and heads of blocs in order to end the problems of the Oil and Gas Law and ensure its passage in Parliament.”

He added, "Prime Minister Muhammad Shiaa Al-Sudani continues to move to end the aforementioned law, and to reach a consensus formula agreed upon by everyone in order to resolve the law and vote on it, especially since the government program focused on this file."

He stated that "the Kurds do not have the seriousness to resolve the oil and gas law, and obstacles have been placed in front of this law, which now needs political consensus before it is sent to the House of Representatives for the purpose of reading and voting on it."  link

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

Tishwash: Communications discusses the implementation of issuing biometric identity to employees of government departments

Minister of Communications, Hiyam Al-Yasiri, chaired the meeting of the executive team to issue biometric identification for employees of government departments, in the presence of a number of officials in ministries and government institutions.

The Ministry stated in a statement: “The meeting included a discussion of the possible steps and the next stages that will be finally approved, in order to prepare the approved standards for implementation. The material and technical capabilities available to the government agencies charged with issuing the identity to be a government identifier were also discussed.”

It is noteworthy that the project is currently in the process of completing the organizational and administrative procedures and submitting the recommendations proposed by the executive team to be presented to higher authorities for approval.   link

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

CandyKisses:  Resources: 27 projects to be initiated in 2024

Economy News _ Baghdad

The Ministry of Water Resources has started 16 projects for the current year, revealing that it has completed 11 other projects last year.

Minister Aoun Diab Abdullah said in an interview with "Al-Sabah" followed by "Economy News", that the ministry owns within the government program, 27 projects, 11 of which were completed during the past year, while the competent technical and engineering staff began implementing the remaining 16 at the beginning of this year, which he noted that some of them achieved varying completion rates in previous times before stopping for several reasons.

He pointed out that the 11 projects completed during the past year are reclamation operations for each of the lands of Suwaihiyah in Muthanna, a section of Hor Najm, part of the lands of the Shafi'i Diwaniya, part of the lands of Bani Hassan, ten thousand dunums in Husseiniya, and part of the lands of Ramadi, in addition to the rehabilitation of part of the first phase of the northern island irrigation project, in addition to the establishment of Nazim Sadr Al-Shatra in the district of Shatrah, with the preparation of electrical and mechanical equipment to install a pumping station in Hor Najm, in addition to the completion of From the northern part of the water channel to the Shatt al-Arab.

Regarding the 16 projects that began work at the beginning of 2024, Abdullah explained that they include the reclamation of 20,000 dunums as a fourth phase in the Saad River project and will be completed by the end of 2024,

In addition to the reclamation of 15,000 dunums, in addition to 20,000 dunums in the Saad River, which has already completed 86% of its work, in addition to the reclamation of seven thousand dunums of Husseiniya lands and will be completed during the next month, in addition to large numbers of projects in Dhi Qar Governorate with an area of 14,200. Dunums, as well as the start of the critical area works for the Basra water project, and the reclamation of 36,000 dunums for the (Diwaniyah-Shafi'i) project, 77 percent of which was previously completed, while it will be completely completed during the current year.

Mot:  and Yet Another ""Marital Tip"" frum ole Mot!!!

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